Document:

EXHIBIT 10.2

 

EXECUTION COPY

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION
AGREEMENT

 

This is an Assignment,
Assumption and Recognition Agreement (the “Agreement”) made as of the 30th day of January, 2013, among
Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc.,
a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal
savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”)
under a Pooling and Servicing Agreement dated as of January 1, 2013 (the “Pooling and Servicing Agreement”), and First
Republic Bank, a California-chartered bank (the “Bank”).

 

In consideration of
the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Attachment 1A Mortgage Loans”)
listed on Attachment 1A annexed hereto (the “Attachment 1A Mortgage Loan Schedule”) now serviced by the Bank (together
with its successors and assigns, the “Servicer”) for Assignor and its successors and assigns pursuant to the Flow Mortgage
Loan Sale and Servicing Agreement dated as of July 1, 2010, between Assignor and the Bank (the “Sale and Servicing Agreement”)
and the servicing thereof shall be subject to the terms of the Sale and Servicing Agreement as modified or supplemented by this
Agreement. In consideration of the mutual promises contained herein, the parties hereto further agree that the servicing of the
mortgage loans (the “Attachment 1B Mortgage Loans” and, together with the Attachment 1A Mortgage Loans, the “Mortgage
Loans”) listed on Attachment 1B annexed hereto (the “Attachment 1B Mortgage Loan Schedule” and, together with
the Attachment 1A Mortgage Loan Schedule, the “Mortgage Loan Schedule”) delivered under the Flow Mortgage Loan Sale
and Servicing Agreement dated as of September 7, 2012, between RBS Financial Products Inc. and the Bank, as modified by the Assignment,
Assumption and Recognition Agreement, dated as of the date hereof (the “RBS AAR”), among RBS Financial Products Inc.,
Redwood Residential Acquisition Corporation and the Bank (together, the “Purchase Agreement”) shall be subject to the
terms of the Sale and Servicing Agreement as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized
terms used herein but not defined shall have the meanings ascribed to them in the Sale and Servicing Agreement. Assignor will sell
the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will
sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.

 

 

Assignment and Assumption

 

1.Assignor
hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the Sale and Servicing
Agreement to the extent relating to the Attachment 1A Mortgage Loans, together with its obligations as “Purchaser”
to the extent relating to the Attachment 1A Mortgage Loans, and Depositor hereby accepts such assignment from Assignor and assumes
such obligations.

 

    	        

    	 

    
 

2.Assignor
hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the Purchase Agreement
to the extent relating to the Attachment 1B Mortgage Loans, together with its obligations as “Purchaser” (as such
term is defined in the Purchase Agreement) to the extent relating to the Attachment 1B Mortgage Loans, and Depositor hereby accepts
such assignment from Assignor and assumes such obligations.

 

3.Depositor hereby grants, transfers
and assigns to Assignee all of its right, title and interest in, to and under the Sale and Servicing Agreement to the extent relating
to the Attachment 1A Mortgage Loans, together with its obligations as “Purchaser” to the extent relating to the Attachment
1A Mortgage Loans, Depositor is released from all obligations under the Sale and Servicing Agreement, and Assignee hereby accepts
such assignment from Depositor and assumes such obligations.

 

4.Depositor hereby grants, transfers
and assigns to Assignee all of its right, title and interest in, to and under the Purchase Agreement to the extent relating to
the Attachment 1B Mortgage Loans, together with its obligations as “Purchaser” (as such term is defined in the Purchase
Agreement) to the extent relating to the Attachment 1B Mortgage Loans, Depositor is released from all obligations under the Purchase
Agreement, and Assignee hereby accepts such assignment from Depositor and assumes such obligations.

 

5.Assignee agrees to be bound,
as “Purchaser,” by all of the terms, covenants and conditions of the Sale and Servicing Agreement relating to the Attachment
1A Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and the
Bank all of Assignor's obligations as Purchaser thereunder in respect of the Attachment 1A Mortgage Loans, and Assignor is released
from such obligations.

 

6.Assignee agrees to be bound,
as “Purchaser” (as such term is defined in the Purchase Agreement), by all of the terms, covenants and conditions of
the Purchase Agreement relating to the Attachment 1B Mortgage Loans, and from and after the date hereof, Assignee assumes for the
benefit of each of Assignor, Depositor and the Bank all of Assignor's obligations as Purchaser thereunder in respect of the Attachment
1B Mortgage Loans, and Assignor is released from such obligations.

 

7. The Bank hereby acknowledges
the foregoing assignments and assumptions and agrees that Assignee shall be the “Purchaser” under both the Sale and
Servicing Agreement with respect to the Attachment 1A Mortgage Loans and the Purchase Agreement with respect to the Attachment
1B Mortgage Loans.

 

Representations and Warranties

 

8.Assignor
warrants and represents to, and covenants with, Depositor, Assignee and the Bank as of the date hereof that:

 

 

    	2

    	 

    

 

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

 

(b)Assignor
is the lawful owner of its interests, rights and obligations under the Sale and Servicing Agreement to the extent of the Attachment
1A Mortgage Loans and the Purchase Agreement to the extent of the Attachment 1B Mortgage Loans, in each case free and clear from
any and all claims and encumbrances whatsoever, and upon the transfer of such interests, rights and obligations to Assignee as
contemplated herein, Assignee shall have good title to all of Assignee's interests, rights and obligations under the Sale and
Servicing Agreement to the extent of the Attachment 1A Mortgage Loans and the Purchase Agreement to the extent of the Attachment
1B Mortgage Loans, in each case free and clear of all liens, claims and encumbrances;

 

(c)There are no offsets, counterclaims
or other defenses available to the Bank with respect to the Sale and Servicing Agreement or the Purchase Agreement;

 

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

 

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

 

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

 

    	3

    	 

    

 

9.Depositor warrants and represents
to, and covenants with, Assignor, Assignee and the Bank that as of the date hereof:

 

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

 

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

 

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

 

10.Assignee warrants and represents
to, and covenants with, Assignor, Depositor and the Bank that as of the date hereof:

 

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

 

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

 

    	4

    	 

    

 

11.The Bank warrants and represents
to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:

 

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

 

(b)The Bank is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and
authority to service the Mortgage Loans pursuant to the Sale and Servicing Agreement and otherwise to perform its obligations under
the Sale and Servicing Agreement and the Purchase Agreement;

 

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

 

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

 

    	5

    	 

    
 

 

Restated Bank Representations and Warranties

 

12.The Bank hereby restates to
Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Sale and Servicing Agreement
with respect to each Attachment 1A Mortgage Loan as of the related Closing Date (as such term is defined in the Sale and Servicing
Agreement), (b) the representations and warranties set forth in Subsection 7.02 of the Sale and Servicing Agreement as of
the date hereof, with respect to each Attachment 1A Mortgage Loan, (c) the representations and warranties set forth in Subsection
7.01 of the Purchase Agreement with respect to each Attachment 1B Mortgage Loan as of the related Closing Date (as such term is
defined in the Purchase Agreement) and (d) the representations and warranties set forth in Subsection 7.02 of the Purchase
Agreement as of the date hereof, with respect to each Attachment 1B Mortgage Loan, in each case as if such representations and
warranties were set forth herein in full.

 

In the event of a breach
of any representations and warranties referred to in clauses (a) or (b) above as of the date specified, Assignee shall be entitled
to all the remedies under the Sale and Servicing Agreement, subject to the rights of the Controlling Holder pursuant to Section
16.

 

Repurchase by Assignor Upon Certain Breaches
of Representations and Warranties

 

13. (a)Assignor
hereby covenants and agrees that, if a breach of any representation and warranty set forth in Subsection 7.01 of the Sale and Servicing
Agreement or Subsection 7.01 of the Purchase Agreement exists on the date hereof that materially and adversely affects the value
of any Mortgage Loan or the interest of Assignee in any Mortgage Loan and such breach did not exist as of the Closing Date of that
Mortgage Loan, Assignor shall have a period of 60 days from the earlier of either discovery by or receipt of written notice from
Assignee to Assignor of such breach within which to correct or cure such breach. Each determination as to whether there has been
such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in Subsections
7.01(h), (bb), and (vv) of the Sale and Servicing Agreement or the Purchase Agreement shall be deemed to materially and adversely
affect the value of the related Mortgage Loan or the interest of the Assignee therein. Assignor hereby covenants and agrees that
if any breach cannot be corrected or cured within such 60 day period, then Assignor shall, at its option, (i) substitute a mortgage
loan for the defective Mortgage Loan in accordance with the Sale and Servicing Agreement or the Purchase Agreement, as applicable,
(ii) repurchase the related Mortgage Loan at the Repurchase Price or (iii) except for a breach of a representation and warranty
in Subsection 7.01(bb) of the Sale and Servicing Agreement or the Purchase Agreement, make an indemnification payment in an amount
equal to the reduction in value of such Mortgage Loan as a result of such breach not later than 90 days after its discovery or
receipt of notice of such breach and in the case of clauses (ii) and (iii) above, by wire transfer of immediately available funds
to such account as Assignee shall specify to Assignor.

 

    	6

    	 

    
 

 

(b)Assignor and Assignee
agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of Assignor
to repurchase a Mortgage Loan or Mortgage Loans pursuant to Section 13(a) above shall be by Arbitration administered by the American
Arbitration Association. If any such controversy or claim has not been resolved to the satisfaction of both Assignor and Assignee,
either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one
or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which
Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following month or as
soon as practicable thereafter; and provided further that if any Arbitration arising out of or relating to an obligation or alleged
obligation of the Bank to repurchase a Mortgage Loan relating to the same representation and warranty, has commenced and is continuing,
then such Arbitration shall be joined with the Arbitration commenced hereunder.

 

(c)To commence Arbitration,
the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this
Section 13, provided that if Assignor has not responded to Assignee's notification of a breach of a representation and warranty,
Assignee shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide
Assignor with an opportunity to respond to such notification. Within ten Business Days after a party has provided notice that it
has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing.
If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then
the party commencing Arbitration shall, within the next five Business Days, notify the American Arbitration Association in San
Francisco, California and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial
services industry.

 

(d)It is the
intention of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable,
without the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence
between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other
in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause,
a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from
the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an
Arbitration shall be conducted by video conference or teleconference except upon the agreement of both parties or the request of
the Arbitrator.

 

(e)The finding of the Arbitrator
shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced in any court
of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however, shall
bear its own attorneys fees and costs in connection with the Arbitration.

 

    	7

    	 

    
 

 

Recognition of Assignee

 

14.(a)From and after the date
hereof, subject to clauses (b) and (c) and Sections 16 and 17 below, the Bank shall recognize Assignee as owner of the Mortgage
Loans and will service the Mortgage Loans and perform its obligations hereunder for the benefit of the Assignee in accordance with
the Sale and Servicing Agreement and the Purchase Agreement, each as modified hereby or as may be amended from time to time, as
if Assignee and the Bank had entered into a separate servicing agreement for the purchase and servicing of the Mortgage Loans,
the terms of which are incorporated herein by reference, as amended by this Agreement.

 

(b)From and after the date hereof,
the Bank further agrees that the provisions of the Sale and Servicing Agreement shall apply to all of the Mortgage Loans as though
all of the Mortgage Loans were sold by the Bank thereunder, and the Bank shall service all of the Mortgage Loans in accordance
with the Sale and Servicing Agreement; provided, however, that Subsection 7.04 (Repurchase of Mortgage Loans with Early Payment
Default) and Subsection 7.05 (Purchase Price Protection) of the Purchase Agreement shall apply to the Attachment 1B Mortgage Loans
as though set forth in the Sale and Servicing Agreement.

 

(c)It is the intention of Assignor,
Depositor, the Bank and Assignee that this Agreement, which includes the Sale and Servicing Agreement, shall constitute a separate
and distinct servicing agreement, and the entire servicing agreement, between the Bank and Assignee to the extent of the Mortgage
Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.

 

15.The Mortgage Loans shall be
serviced by the Bank for Assignee in accordance with all applicable state, federal and local laws as well as in conformity with
the provisions of the applicable Mortgages and Mortgage Notes, and pursuant to the terms and conditions of this Agreement.

 

Continuing Rights and Responsibilities

 

16.(a)Controlling
Holder Rights. The Bank agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in
its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling
Holder, will assume all of Assignee's rights and all related responsibilities as Purchaser under each of the following sections
of the Sale and Servicing Agreement:

 

    	8

    	 

    
 

 

Sale and
Servicing Agreement:

 

	
        

        Section or Subsection
	Matter
	 	 
	7.03, other than 7.03(c)	Repurchase and Substitution
	 	 
	11.20	Seller and Servicer Shall Provide Access and Information as Reasonably Required

 

(b)Notwithstanding Sections 1 and
2 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and
the responsibilities of the Purchaser under the sections of the Purchase Agreement and the Sale and Servicing Agreement listed
below:

 

 

Purchase
Agreement:

 

	Section	Matter
	
        7.04

         

        7.05
	
        Repurchase of Mortgage Loans with Early Payment Default

         

        Purchase Price Protection

  

Sale and
Servicing Agreement:

 

	Subsection	Matter
	7.05	
        Purchase Price Protection

         

	Addendum I	Regulation AB Compliance Addendum

 

(c)In addition, the Bank agrees to furnish to
Assignor and to Wells Fargo Bank, N.A., as master servicer or securities administrator under the Pooling and Servicing Agreement
(the “Master Servicer”), copies of reports, notices, statements and other communications required to be delivered
to the Purchaser by the Bank pursuant to any of the sections of the Sale and Servicing Agreement referred to above and under the
following sections, at the times therein specified:

 

Sale and
Servicing Agreement:

 

    	9

    	 

    
 

 

	Subsection	 
	 	 
	11.09	Transfer of Accounts
	 	 
	11.16	Statements to the Purchaser
	 	 
	Subsection 2.04 of Addendum I	Servicer Compliance Statement
	 	 
	
        Subsection 2.05
of Addendum I
	Report on Assessment of Compliance and Attestation
	 	 

 

(d)If there is no Controlling Holder
under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section
16(a) shall terminate and revert to Assignee. Assignor will provide thirty (30) days notice to the Bank of any such termination
of which Assignor has knowledge. Upon the first exercise of an enforcement of any rights pursuant to Section 16(a), Assignee shall
notify (or cause the Master Servicer to notify) the Bank that there is no longer a Controlling Holder.

 

    	10

    	 

    
 

 

Amendments to Sale and Servicing Agreement

 

17.The parties agree that the Sale
and Servicing Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:

 

(a)Definitions.

 

(i)The
definitions of “Arbitration,” “Business Day,” “Eligible Account,” “Eligible Investment,“
“Opinion of Counsel,” “Rating Agencies,” “Repurchase Price” and “Servicing Fee Rate”
set forth in Section 1 of the Sale and Servicing Agreement shall be deleted and replaced in their entirety as follows, and the
following definitions of “Affiliate,” “Clean-up Call,” “Controlling Holder,” “Principal
Forbearance Amount,” “Securities Administrator” and “Servicing Modification” shall be added to Section
1 of the Sale and Servicing Agreement:

 

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

 

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

 

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

 

Clean-up
Call: The optional purchase of the mortgage loans subject to the Pooling and Servicing Agreement and all property acquired
in respect of any such mortgage loan remaining in the trust fund created pursuant to the Pooling and Servicing Agreement on any
date on which the aggregate stated principal balance is less than 10% of the aggregate stated principal balance as of January 1,
2013, in accordance with the Pooling and Servicing Agreement.

 

    	11

    	 

    

 

Controlling
Holder: At any time, the holder of the majority of the class principal amount of the most subordinate class of certificates
issued pursuant to the Pooling and Servicing Agreement or, if the class principal amount of the most subordinate class of certificates
issued pursuant to the Pooling and Servicing Agreement is zero, the holder of the majority of the class principal amount of the
second most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement. If the class principal amount
of the second most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement is zero, then no entity
will have any rights as a Controlling Holder.

 

Eligible
Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company the debt
obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding
company, the debt obligations of such holding company) satisfy each of the following criteria: (1) the short-term unsecured debt
obligations of such entity are rated in the highest rating category of Fitch, Inc. (“Fitch”) and Standard & Poor’s
Ratings Services (“S&P”) and the long-term unsecured debt obligations of such entity are rated in one of the two
highest rating categories of Fitch and S&P and (2) if the unsecured debt obligations of such entity are rated by Kroll Bond
Rating Agency, Inc. (“KBRA”), then the short-term unsecured debt obligations of such entity are rated in the highest
rating category of KBRA and the long-term unsecured debt obligations of such entity are rated in one of the three highest rating
categories of KBRA. If the ratings no longer satisfy each of these criteria, the funds on deposit therewith in connection with
this transaction shall be transferred to an Eligible Account within 30 days of such downgrade. Eligible Accounts may bear interest.

 

Eligible
Investments: At any time, any one or more of the following obligations and securities:

 

(i)direct obligations of, and
obligations fully guaranteed by the United States of America  which are backed by the full faith and credit of the United States of America;

 

(ii)(a) demand or time deposits,
federal funds or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of
the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities,
provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits
of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment
are rated in the highest rating category by the Rating Agencies for long-term unsecured debt with a maturity of more than one year
or in the highest rating category by the Rating Agencies with respect to short-term obligations (provided that, short-term obligations
with a maturity of at least 60 days are rated “A-1+” by S&P) and (b) any other demand or time deposit or certificate
of deposit that is fully insured by the FDIC;

 

    	12

    	 

    

 

(iii)repurchase obligations
with a term not to exceed thirty (30) days and with respect to any security described in clause (i) above and entered into with
a depository institution or trust company (acting as principal) described in clause (ii)(a) above;

 

(iv)securities bearing interest
or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof
that are rated in the highest rating category by the Rating Agencies for long-term unsecured debt with a maturity of more than
one year or in the highest rating category by the Rating Agencies with respect to short-term obligations (provided that, short-term
obligations with a maturity of at least 60 days are rated “A-1+” by S&P), in each case at the time of such investment
or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation
will not be Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities
issued by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all
of the Mortgage Loans and Eligible Investments;

 

(v)commercial paper (including
both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more
than one year after the date of issuance thereof) that is rated in the highest rating category by the Rating Agencies for long-term
unsecured debt with a maturity of more than one year or in the highest rating category by the Rating Agencies with respect to
short-term obligations (provided that short-term obligations with a maturity of at least 60 days are rated “A-1+”
by S&P), in each case the time of such investment; and

 

(vi)any money market funds
rated in one of the two highest rating categories by the Rating Agencies for long-term unsecured debt with a maturity of more
than one year or in the highest rating category by the Rating Agencies with respect to short-term obligations (provided that,
with respect to S&P, shares of a money market fund are rated “AAAm”);

 

provided, however, that no instrument
or security shall be an Eligible Investment if such instrument or security evidences a right to receive only interest payments
with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest
with a yield to maturity in excess of 120% of the yield to maturity at par or if such instrument or security is purchased at a
price greater than par.

 

    	13

    	 

    

 

Opinion
of Counsel: A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being
given, reasonably acceptable to each Person to whom such opinion is addressed, and which must be Independent outside counsel with
respect to any such opinion of counsel concerning the taxation or the federal income tax status of each REMIC.

 

Principal
Forbearance Amount: With respect to a Mortgage Loan that was the subject of a Servicing Modification, the amount, if any, of
principal of the Mortgage Loan that has been deferred and that does not accrue interest.

 

Rating Agencies:
Fitch, Inc. (“Fitch”), Kroll Bond Rating Agency, Inc. (“KBRA”) and Standard & Poor’s Ratings
Services (“S&P”); provided, however, that references to “Rating Agencies” as used in the definition
of “Eligible Investments” shall not include KBRA unless KBRA rates the applicable entity or investment.

 

Repurchase
Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest
on such unpaid principal balance at the related Mortgage Loan Remittance Rate from the last date through which interest was last
paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary
third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received
in respect of such repurchased Mortgage Loan and being held in the Custodial Account for future distribution in connection with
such Mortgage Loan; which Repurchase Price proceeds shall be deposited in the Custodial Account for withdrawal by the Servicer
in accordance with Subsection 11.05; provided, however, that if at the time of repurchase the Servicer is not the Seller or an
Affiliate of the Seller, the amount described in clause (ii) shall be computed as the sum of (a) the Mortgage Loan Remittance Rate
and (b) the Servicing Fee Rate.

 

Securities
Administrator: Wells Fargo Bank, N.A., not in its individual capacity but solely as Securities Administrator under the Pooling
and Servicing Agreement, or any successor in interest, or if any successor Securities Administrator shall be appointed as provided
in the Pooling and Servicing Agreement, then such successor Securities Administrator.

 

    	14

    	 

    
 

Servicing
Fee Rate: With respect to each Mortgage Loan, the per annum rate set forth on the related Mortgage Loan Schedule or if not
specified thereon, in the related PPTL, which rate shall be increased by the amount of any increase in the Mortgage Interest Rate
for any such Mortgage Loan pursuant to the terms of the related Mortgage Note due to the termination of an automatic debit or direct
deposit account.

 

Servicing
Modification: Any reduction of the Mortgage Interest Rate on or the outstanding principal balance of a Mortgage Loan, any extension
of the final maturity date of a Mortgage Loan, any increase to the outstanding principal balance of a Mortgage Loan by adding to
the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance
Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which,
in the judgment of the Servicer, default is reasonably foreseeable in accordance with the Sale and Servicing Agreement.

 

(b)Servicing Standard. In
servicing the Mortgage Loans in accordance with this Agreement and Customary Servicing Procedures, the Servicer shall service the
Mortgage Loans with a view to the best interests of all holders of the Sequoia Mortgage Trust 2013-2 Mortgage Pass-Through Certificates
as a single class.

 

(c)Segregated Custodial Account.
The Servicer shall establish a Custodial Account pursuant to Subsection 11.04 of the Sale and Servicing Agreement which shall be
titled “First Republic Bank, in trust for Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee
of the Sequoia Mortgage Trust 2013-2” (the “2013-2 Custodial Account”), which shall be the Custodial Account
under this Agreement for all purposes. If the 2013-2 Custodial Account is no longer an Eligible Account, the Servicer shall transfer
the 2013-2 Custodial Account to an account that is an Eligible Account. The 2013-2 Custodial Account shall qualify as an Eligible
Account. 

 

(d)Determination of Breach of
Representations and Warranties. The following sentence shall be added as the new third sentence of Subsection 7.03(a):

 

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

 

(e)Helping Families Act Notice.
The following sentence shall be added at the end of Subsection 6.04:

 

In connection with any
Mortgage Loan (i) repurchased by First Republic Bank from the trust created by the Pooling and Servicing Agreement (the “Trust”)
or (ii) purchased in the exercise of a Clean-up Call, First Republic Bank shall furnish to the related borrower, within thirty
(30) days following the date of such repurchase, the notice required by, and in accordance with, Section 404 of the Helping Families
Act.

 

 

    	15

    	 

    

 

(f)Transfer of Eligible Investments.
The following sentences shall be added at the end of the last paragraph of Subsection 11.04:

 

			Notwithstanding anything to the contrary in this Agreement, for all Eligible Investments rated
at least "F1/A+"(short/long) that have terms greater than 60 days, in the event of a downgrade of such Eligible Investment
below "F1" (or "A+" if no short term rating) Servicer agrees to remove such Eligible Investment within 60 days
of such downgrade. Servicer acknowledges and agrees that Servicer shall bear any losses incurred with respect to removal of such
Eligible Investment following such a downgrade and that any losses shall be immediately deposited by the Servicer in the 2013-2
Custodial Account, as appropriate, out of the Servicer’s own funds, with no right to reimbursement therefor.

 

(g)Transfer of Accounts.
The second sentence of Subsection 11.09 shall be deleted and replaced in its entirety as follows:

 

Pursuant to Subsections 11.04 and 11.06, such transfer
shall be made only with the Purchaser’s approval, which shall not unreasonably be withheld.

 

(h)Form of Monthly
Report. The Servicer shall provide monthly accounting reports to the Purchaser and Master Servicer, pursuant to Subsection
11.16 of the Sale and Servicing Agreement, with the information required by the monthly reporting format of the Master Servicer
as previously provided to the Servicer by Assignor. Such reports shall be provided not later than the fifth (5th) Business
Day of each calendar month.

 

(i)Shorter Cure Period for Failure
to Provide Distribution Data. An additional “Event of Default” shall be listed in Subsection 13.01, to be inserted
after clause (h), to read in its entirety as follows:

 

or (i) Servicer
shall fail to provide to Purchaser the data required to be provided pursuant to the first paragraph of Subsection 11.16 and such
failure shall continue for three Business Days after notice of such failure has been given to Servicer by Purchaser;

 

(j)Clean-up Call. A new
Section 33 shall be added to the Sale and Servicing Agreement, to read in its entirety as follows:

 

SECTION
33. Clean-up Call. In the event a Clean-up Call is exercised, the purchaser of the remaining Mortgage Loans (a) shall have
all right, title and interest in, to and under the Sale and Servicing Agreement to the extent relating to such Mortgage Loans
and (b) shall be bound as “Purchaser” under the Sale and Servicing Agreement from and after the date it exercises
the Clean-up Call. The remaining Mortgage Loans shall be serviced by the Bank for such purchaser in accordance with the terms
and conditions of the Sale and Servicing Agreement.

 

    	16

    	 

    

(k)REMIC Provisions.

 

(i)The
following definition of “REMIC Provisions” is hereby added to Section 1 of the Sale and Servicing Agreement:

 

REMIC Provisions:Sections
860A through 860G of the Internal Revenue Code; such other provisions of the Code as relate to an entity created thereunder; the
regulations promulgated pursuant such sections and provisions of the Code; and published guidance issued by the Internal Revenue
Service relating to such Code sections and regulations.

 

(ii)The
following paragraph shall be added to the end of Subsection 11.13, to read in its entirety as follows:

 

If a Mortgage
Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property)
in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that
a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent
default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent
with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event
within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the Securities Administrator
an Opinion of Counsel to the effect that the holding by such REMIC of such Mortgaged Property subsequent to three years after its
acquisition will not result in the imposition of taxes on “prohibited transactions” on such REMIC as defined in Section
860F of the Code or under the law of any state in which real property securing a Mortgage Loan owned by such REMIC is located or
cause such REMIC to fail to qualify as a REMIC for federal income tax purposes or for state tax purposes under the laws of any
state in which real property securing a Mortgage Loan owned by such REMIC is located at any time that any mortgage pass-through
certificates representing interests in such REMIC are outstanding. The Servicer shall conserve, protect and operate each such property
for such REMIC solely for the purpose of its prompt disposition and sale in a manner which does not cause such property to fail
to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by such REMIC
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 property, the Servicer shall either itself or through an agent selected by the Servicer protect and conserve such property
in the same manner and to such extent as is customary in the locality where such property is located and may, incident to its conservation
and protection of the assets of the Trust, rent the same, or any part thereof, as the Servicer deems to be in the best interest
of the Trust for the period prior to the sale of such property. Additionally, the Servicer shall perform the tax withholding and
shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of
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, respectively, of the Code, and deliver to the
Purchaser and the Securities Administrator an Officers’ Certificate on or before March 31 of each year stating that such
reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections
6050H, 6050J and 6050P of the Code.

 

    	17

    	 

    

 

(iii)The
following additional provisions shall be added after Subsection 11.23, to read in its entirety as follows:

 

Subsection
11.24 Compliance with REMIC Provisions. If a REMIC election has been made with respect to the arrangement under which the Mortgage
Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC 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 as a REMIC or (ii) result in the imposition of a tax upon the REMIC (including but not limited to the tax
on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on “contribution”
to a REMIC set forth in Section 860G(d) of the Code unless the Servicer has received an Opinion of Counsel (at the expense of the
party seeking to take such actions) to the effect that the contemplated action will not endanger such REMIC status or result in
the imposition of any such tax.

 

(l)Avoidance of Consolidation.

 

(i)The
following Subsection 7.06 shall be added at the end of Section 7, to read in its entirety as follows:

 

Subsection
7.06 Avoidance of Consolidation.

 

(a)The
Servicer covenants and agrees that it shall not hold or purchase any certificate (a “Certificate”) issued by the Trust
if its holding or purchase of such Certificate (or interest therein) would cause the Servicer to be required to consolidate any
assets of the Trust on its financial statements under U.S. generally accepted accounting principles (“Consolidate”
or “Consolidation”). The Servicer shall be deemed to have represented by virtue of its purchase or holding of such
Certificate (or interest therein) that its holding or purchase of such Certificate (or interest therein) will not cause the Servicer
to be required to Consolidate any assets of the Trust on its financial statements.

 

 

    	18

    	 

    

 

If
the Servicer's holding or purchase of a Certificate (or interest therein) does in fact cause such Consolidation, then the last
preceding transferee that is not required to Consolidate shall be restored, to the extent permitted by law, to all rights and
obligations as owner of such Certificate retroactive to the date of such transfer of such Certificate. If the Servicer holds or
purchases a Certificate (or interest therein) in violation of the restrictions in this Subsection 7.06 and to the extent that
the retroactive restoration of the rights of the owner of such Certificate as described in the immediately preceding sentence
shall be invalid, illegal or unenforceable, then the Securities Administrator shall have the right, without notice to the owner
or any prior owner of such Certificate, to sell such Certificate to a purchaser selected by the Securities Administrator on such
terms as the Securities Administrator may choose. The Servicer shall promptly endorse and deliver such Certificate (or otherwise
transfer a book-entry Certificate) in accordance with the instructions of the Securities Administrator. The proceeds of such sale,
net of the commissions (which may include commissions payable to the Securities Administrator or its Affiliates), expenses and
taxes due, if any, shall be remitted by the Securities Administrator to the Servicer. The terms and conditions of any sale under
this Subsection 7.06 shall be determined in the sole discretion of the Securities Administrator, and the Securities Administrator
shall not be liable to any owner of a Certificate as a result of its exercise of such discretion. The Servicer shall indemnify
and hold harmless the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred
by such parties as a result of such holding or purchase resulting in a Consolidation.

 

(b)The
Servicer covenants and agrees that it shall not transfer its servicing rights and duties under this Agreement and the Sale and
Servicing Agreement to an insured depository institution, as such
term is defined in the Federal Deposit Insurance Act (an “IDI”) (an IDI in such capacity, an “IDI Servicer Transferee”)
unless the Purchaser and the Servicer shall have received a representation from the IDI Servicer Transferee that the acquisition
of such servicing rights and duties will not cause the IDI Servicer Transferee to be required to Consolidate any assets of the
Trust on its financial statements. Any IDI Servicer Transferee shall be deemed to have represented by virtue of its acquisition
of such servicing rights and duties that such acquisition will not cause Consolidation. Any IDI Servicer Transferee who acquires
such servicing rights and duties without providing the representation described above or whose acquisition of such servicing rights
and duties has required it to Consolidate any assets of the Trust on its financial statements shall indemnify and hold harmless
the Servicer, the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred
by such parties as a result of such acquisition.

 

(ii)
An additional “Event of Default” shall be listed in Subsection 13.01, to be inserted after clause (i) added in Section
17(i) of this Agreement above, to read in its entirety as follows:

 

    	19

    	 

    
 

 

or
(j)(A) the purchase or holding by the Servicer of any Certificate such that the Servicer is required to Consolidate any assets
of the Trust on its financial statements, provided that such purchase or holding of a Certificate shall not constitute an Event
of Default if, within 45 days of (1) the date of such purchase or acquisition or (2) if such requirement to Consolidate is not
effective on the date of such purchase or acquisition, the date the Servicer becomes aware of such requirement to Consolidate,
the Servicer causes such requirement to Consolidate not to apply; or (B) the failure of the Servicer to obtain from an IDI Servicer
Transferee the representation described in Section 7.06(b) prior to the transfer to such IDI Servicer Transferee of any servicing
rights or duties.

 

(m)Foreclosure
Proceedings. The first sentence of Subsection 11.13 is hereby deleted and replaced in its entirety with the following:

 

Subject to Subsection
11.02, in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed
or certificate of sale shall be taken in the name of the Trust, where permitted by applicable law or regulation, and where not
so permitted, in the name of the trustee of the Trust or its nominee.

 

(n)Modification
Payment Plans and Foreclosure Approvals.

 

(i)The first sentence
of the fifth paragraph of Subsection 11.01 is hereby deleted and replaced in its entirety with the following:

 

Consistent
with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the
Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such
term or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any payment
plan or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with
respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial
Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree
to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances
or extend the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final
maturity date past February 25, 2043 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute
or additional collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect
to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with
the customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Purchaser
has approved such action.

 

    	20

    	 

    

 

(ii)The third sentence
of the last paragraph of Subsection 11.01 is hereby deleted and replaced in its entirety with the following:

 

In the event
(a) the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances
or wastes and (b) the Purchaser provides written approval for the Servicer to proceed with foreclosure or acceptance of a deed
in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance
of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds,
or if the Liquidation Proceeds are insufficient fully to reimburse the Servicer, the Servicer shall be entitled to be reimbursed
from amounts in the Custodial Account pursuant to Subsection 11.05 hereof.

 

(o)Servicer Reports.
The Servicer shall provide monthly reports to the Purchaser pursuant to Subsection 11.16 of the Sale and Servicing Agreement in
the formats attached hereto as Exhibits 10 and 11, or in such other format as the Servicer, the Purchaser and the Depositor shall
agree in writing.

 

(p)Assumption
Agreements. The first sentence of Subsection 11.18 is hereby deleted and replaced in its entirety with the following:

 

The Servicer
will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided
that, subject to the Purchaser’s prior approval for the release of liability from the original borrower, the Servicer shall
permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.

 

(q)Indemnification
Expenses. The first sentence of Subsection 12.01(b) is hereby deleted and replaced in its entirety with the following:

 

The Servicer
shall immediately notify the Purchaser if a claim is made by a third party with respect to this Agreement or the Mortgage Loans,
and the Servicer shall assume the defense of any such claim and pay all expenses in connection therewith, including counsel fees.

 

(r)Broker’s
Price Opinion. If, in accordance with the Pooling and Servicing Agreement, the Trustee has received notice that any governmental
entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain, and if there is no longer a Controlling
Holder, the Servicer, promptly upon the request and at the expense of the Trustee, shall obtain a valuation on the related Mortgaged
Property in the form of a broker’s price opinion, and provide the results of such valuation to the Trustee.

 

    	21

    	 

    

 

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

 

 

Miscellaneous

 

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

 

		(a)	In the case of the Bank,

 

First
Republic Bank

111 Pine Street

San Francisco, CA 94111

Attention: Tony Sachs

 

with a copy to the General
Counsel at the same address

 

		(b)	In the case of Assignee,

 

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

500 Delaware Avenue,
11th Floor

Wilmington, Delaware,
19801

Attention: Corporate
Trust – Sequoia Mortgage Trust 2013-2

 

		(c)	In the case of Depositor,

 

Sequoia Residential Funding,
Inc.

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

 

		(d)	In the case of Assignor,

 

Redwood Residential Acquisition
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

    	22

    	 

    

 

with a copy to

 

General Counsel at the
same address

 

		(e)	In the case of Master Servicer,

 

Wells Fargo Bank,
N.A.

9062 Old Annapolis
Road

Columbia, Maryland
21045

Telephone number:
(410) 884-2000

Facsimile number:
(410) 715-2380

Attention: Client
Manager -- Sequoia Mortgage Trust 2013-2

 

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

 

Sequoia Mortgage Funding
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

  

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

 

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

 

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

 

22.This Agreement shall survive
the conveyance of the Mortgage Loans, the assignment of each of the Sale and Servicing Agreement to the extent of the Attachment
1A Mortgage Loans and the assignment of the Purchase Agreement to the extent of the Attachment 1B Mortgage Loans by Assignor to
Depositor and by Depositor to Assignee, and the termination of each of the Sale and Servicing Agreement and the Purchase Agreement.

 

    	23

    	 

    
 

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

 

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

 

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

 

26.Master Servicer. The
Bank hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator
under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other
communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf
of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the
right to enforce the obligations of the Bank and the Servicer hereunder and under the Sale and Servicing Agreement and the right
to exercise the remedies of the Purchaser hereunder and under the Sale and Servicing Agreement, other than the rights assumed by
the Controlling Holder assumed under Section 13(a) above.

 

    	24

    	 

    
 

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

 

Wells Fargo Bank, N.A.

San Francisco, California

ABA# 121-000-248

Account #3970771416

Account Name: SAS Clearing

FFC: Account #39116400, Sequoia
Mortgage Trust 2013-2 Distribution Account

 

27.The
Bank acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Requests for Mortgage
Loan Documents required by the Bank to perform its duties under the Sale and Servicing Agreement shall be directed to Wells Fargo
Bank, N.A., as custodian, using the form of Request for Release in the form of Exhibit F hereto. The Bank shall provide the Custodian
with the specimen signatures of the Bank's authorized servicing representatives using the form in Exhibit D-3 hereto. Notwithstanding
Section 10 of the Sale and Servicing Agreement, the Bank shall pay shipping expenses for any Mortgage Loan Documents if there
has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Sale
and Servicing Agreement.

 

28.Helping Families Act Notice.
Assignor hereby requests that the Bank furnish each Mortgagor with the notice described in Subsection 6.04 of the Sale and
Servicing Agreement, in the form attached as Exhibit 8 thereto and using Christiana Trust, a division of Wilmington Savings Fund
Society, FSB, as trustee of the Sequoia Mortgage Trust 2013-2 as the investor name, in accordance with the terms of Subsection
6.04 therein, and the Bank hereby covenants that it shall furnish each Mortgagor with such notice as provided therein. Assignor
and Assignee each agree that it will not send such notices to the Mortgagors.

 

29.Rule 17g-5 Compliance.
The Bank hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination or servicing thereof
to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com,
with a subject reference of “SEMT 2013-2” and an identification of the type of information being provided in the body
of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information
Provider”) shall notify the Bank in writing of any change in the identity or contact information of the Rule 17g-5 Information
Provider. The Bank shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided
by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule
17g-5 Information Provider. None of the foregoing restrictions in this Section 29 prohibit or restrict oral or written communications,
or providing information, between the Bank, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to
(i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to the Bank, (ii) such Rating Agency’s or
NRSRO’s approval of the Bank as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s
or NRSRO’s evaluation of the Bank’s servicing operations in general; provided, however, that the Bank shall not provide
any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by
such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has
already been provided to the Rule 17g-5 Information Provider.

 

 

    	25

    	 

    

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

 

 

	 	
	 	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	 	Assignor
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	
	 	SEQUOIA RESIDENTIAL FUNDING, INC.
	 	Depositor
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ASSIGNEE:
	 	Christiana Trust, a division of 

Wilmington Savings Fund Society, FSB, 

not in its individual capacity but solely as Trustee,
	 	Assignee
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	FIRST REPUBLIC BANK
	 	
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

 

Accepted and agreed to by:

 

WELLS FARGO BANK, N.A.

Master Servicer

 

	By:	 	 
	Name:	 	 
	Title:	 	 

  

 

 

Signature Page to Assignment, Assumption and Recognition Agreement – First Republic (SEMT 2013-2)

 

    	26

    	 

    

 

ATTACHMENT 1A

 

MORTGAGE LOAN SCHEDULE

 

    	 

    	 	

    
 

	 	1	2	3	4	5	6	7	8	9	10	11
	 	Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Amortization Type	Lien Position	HELOC Indicator	Loan Purpose
	1	1002338	0.002500	 	 	1002338	 	12-489637-9	1	1	0	3
	2	1002338	0.002500	 	 	1002338	 	12-489414-3	1	1	0	9
	3	1002338	0.002500	 	 	1002338	 	12-492755-4	1	1	0	3
	4	1002338	0.002500	 	 	1002338	 	12-491344-8	1	1	0	9
	5	1002338	0.002500	 	 	1002338	 	12-493669-6	1	1	0	7
	6	1002338	0.002500	 	 	1002338	 	12-494616-6	1	1	0	7
	7	1002338	0.002500	 	 	1002338	 	12-493122-6	1	1	0	9
	8	1002338	0.002500	 	 	1002338	 	12-493367-7	1	1	0	7
	9	1002338	0.002500	 	 	1002338	 	12-493269-5	1	1	0	7
	10	1002338	0.002500	 	 	1002338	 	12-493537-5	1	1	0	7
	11	1002338	0.002500	 	 	1002338	 	12-492305-8	1	1	0	3
	12	1002338	0.002500	 	 	1002338	 	12-494154-8	1	1	0	7
	13	1002338	0.002500	 	 	1002338	 	12-494199-3	1	1	0	7
	14	1002338	0.002500	 	 	1002338	 	12-492532-7	1	1	0	7

 

	 	12	13	14	15	16	17	18	19	20
	 	Cash Out Amount	Total Origination and Discount Points	Covered/High Cost Loan Indicator	Relocation Loan Indicator	Broker Indicator	Channel	Escrow Indicator	Senior Loan
 Amount(s)	Loan Type of Most
 Senior Lien
	1	 	 	 	 	 	1	0	0	 
	2	 	 	 	 	 	1	0	0	 
	3	 	 	 	 	 	1	0	0	 
	4	 	 	 	 	 	1	0	0	 
	5	 	 	 	 	 	1	0	0	 
	6	 	 	 	 	 	1	0	0	 
	7	 	 	 	 	 	1	0	0	 
	8	 	 	 	 	 	1	0	0	 
	9	 	 	 	 	 	1	0	0	 
	10	 	 	 	 	 	1	0	0	 
	11	 	 	 	 	 	1	0	0	 
	12	 	 	 	 	 	1	0	0	 
	13	 	 	 	 	 	1	0	0	 
	14	 	 	 	 	 	1	0	0	 

 

	 	21	22	23	24	25	26	27	28
	 	Hybrid Period of
 Most Senior Lien (in
 months)	Neg Am Limit of
 Most Senior Lien	Junior Mortgage
 Balance	Origination Date of
 Most Senior Lien	Origination Date	Original Loan
 Amount	Original Interest
 Rate	Original
 Amortization Term
	1	 	 	0.00	 	20120910	330000.00	0.041500	240
	2	 	 	0.00	 	20121024	1200000.00	0.039500	360
	3	 	 	0.00	 	20121115	670000.00	0.038000	360
	4	 	 	0.00	 	20121113	670000.00	0.038000	360
	5	 	 	0.00	 	20121128	1532000.00	0.038000	360
	6	 	 	0.00	 	20121115	532000.00	0.036500	360
	7	 	 	0.00	 	20121107	1200000.00	0.037500	360
	8	 	 	300000.00	 	20121107	600000.00	0.038000	360
	9	 	 	522500.00	 	20121109	1000000.00	0.038000	360
	10	 	 	0.00	 	20121204	1650000.00	0.036500	360
	11	 	 	0.00	 	20121114	2000000.00	0.035500	360
	12	 	 	0.00	 	20121101	1568000.00	0.035500	360
	13	 	 	0.00	 	20121109	1001250.00	0.035500	360
	14	 	 	0.00	 	20121115	506250.00	0.037500	360

 

	 	29	30	31	32	33	34	35	36	37
	 	Original Term to
 Maturity	First Payment Date
 of Loan	Interest Type
 Indicator	Original Interest
 Only Term	Buy Down Period	HELOC Draw Period	Current Loan
 Amount	Current Interest
 Rate	Current Payment
 Amount Due
	1	240	20121101	1	0	0	 	327336.80	0.041500	2025.91
	2	360	20121201	1	0	0	 	1198255.55	0.039500	5694.45
	3	360	20130101	1	0	0	 	670000.00	0.038000	3121.91
	4	360	20130101	1	0	0	 	670000.00	0.038000	3121.91
	5	360	20130101	1	120	0	 	1532000.00	0.038000	4851.33
	6	360	20130101	1	0	0	 	532000.00	0.036500	2433.68
	7	360	20130101	1	0	0	 	1200000.00	0.037500	5557.39
	8	360	20130101	1	120	0	 	600000.00	0.038000	1900.00
	9	360	20130101	1	120	0	 	1000000.00	0.038000	3166.67
	10	360	20130201	1	0	0	 	1650000.00	0.036500	7548.08
	11	360	20130101	1	0	0	 	1996879.86	0.035500	9036.81
	12	360	20130101	1	0	0	 	1568000.00	0.035500	7084.86
	13	360	20130101	1	0	0	 	1001250.00	0.035500	4524.05
	14	360	20130101	1	0	0	 	506250.00	0.037500	2344.52

 

	 	38	39	40	41	42	43	44	45	46
	 	Interest Paid
 Through Date	Current Payment
 Status	Index Type	ARM Look-back
 Days	Gross Margin	ARM Round Flag	ARM Round Factor	Initial Fixed Rate
 Period	Initial Interest Rate
 Cap (Change Up)
	1	20121201	0	0	 	 	 	 	 	 
	2	20121201	0	0	 	 	 	 	 	 
	3	20121201	0	0	 	 	 	 	 	 
	4	20121201	0	0	 	 	 	 	 	 
	5	20121201	0	0	 	 	 	 	 	 
	6	20121201	0	0	 	 	 	 	 	 
	7	20121201	0	0	 	 	 	 	 	 
	8	20121201	0	0	 	 	 	 	 	 
	9	20121201	0	0	 	 	 	 	 	 
	10	20121201	0	0	 	 	 	 	 	 
	11	20121201	0	0	 	 	 	 	 	 
	12	20121201	0	0	 	 	 	 	 	 
	13	20121201	0	0	 	 	 	 	 	 
	14	20121201	0	0	 	 	 	 	 	 

 

	 	47	48	49	50	51	52	53	54	55
	 	Initial Interest Rate
 Cap (Change Down)	Subsequent Interest
 Rate Reset Period	Subsequent Interest
 Rate Cap (Change Down)	Subsequent Interest
 Rate Cap (Change
 Up)	Lifetime Maximum
 Rate (Ceiling)	Lifetime Minimum
 Rate (Floor)	Negative
 Amortization Limit	Initial Negative
 Amortization Recast
 Period	Subsequent
 Negative
 Amortization Recast
 Period
	1	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 

 

	 	56	57	58	59	60	61	62	63	64
	 	Initial Fixed
 Payment Period	Subsequent
 Payment Reset
 Period	Initial Periodic
 Payment Cap	Subsequent
 Periodic Payment
 Cap	Initial Minimum
 Payment Reset
 Period	Subsequent
 Minimum Payment
 Reset Period	Option ARM
 Indicator	Options at Recast	Initial Minimum
 Payment
	1	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 

 

	 	65	66	67	68	69	70	71	72
	 	Current Minimum
 Payment	Prepayment Penalty
 Calculation	Prepayment Penalty
 Type	Prepayment Penalty
 Total Term	Prepayment Penalty
 Hard Term	Primary Borrower ID	Number of
 Mortgaged
 Properties	Total Number of
 Borrowers
	1	 	99	99	60	 	685	3	 
	2	 	99	99	60	 	150	1	 
	3	 	99	99	60	 	8	2	 
	4	 	99	99	60	 	291	1	 
	5	 	99	99	60	 	51	2	 
	6	 	 	 	0	 	611	2	 
	7	 	99	99	60	 	303	1	 
	8	 	99	99	60	 	78	3	 
	9	 	99	99	60	 	174	2	 
	10	 	99	99	60	 	554	1	 
	11	 	99	99	60	 	669	2	 
	12	 	99	99	60	 	563	1	 
	13	 	99	99	60	 	572	2	 
	14	 	99	99	60	 	57	1	 

 

	 	73	74	75	76	77	78	79	80	81
	 	Self-employment
 Flag	Current ‘Other’
 Monthly Payment	Length of
 Employment:
 Borrower	Length of
 Employment: Co-
 Borrower	Years in Home	FICO Model Used	Most Recent FICO
 Date	Primary Wage
 Earner Original
 FICO: Equifax	Primary Wage
 Earner Original
 FICO: Experian
	1	1	 	36	 	0	1	 	 	 
	2	0	 	12	 	0	1	 	 	 
	3	1	 	0	17	10	1	 	 	 
	4	0	 	1.25	 	1	1	 	 	 
	5	0	 	0	6	0	1	 	 	 
	6	0	 	7	2	0	1	 	 	 
	7	0	 	0	 	10	1	 	 	 
	8	0	 	0	 	0	1	 	 	 
	9	0	 	1	 	0	1	 	 	 
	10	0	 	2	 	0	1	 	 	 
	11	1	 	11	 	8	1	 	 	 
	12	0	 	6	 	0	1	 	 	 
	13	0	 	2	 	0	1	 	 	 
	14	0	 	4.5	4.5	0	1	 	 	 

 

	 	82	83	84	85	86	87	88	89
	 	Primary Wage
 Earner Original
 FICO: TransUnion	Secondary Wage
 Earner Original
 FICO: Equifax	Secondary Wage
 Earner Original
 FICO: Experian	Secondary Wage
 Earner Original
 FICO: TransUnion	Original
 Primary Borrower
 FICO	Most Recent
 Primary Borrower
 FICO	Most Recent Co-
 Borrower FICO	Most Recent FICO
 Method
	1	 	 	 	 	793	 	 	 
	2	 	 	 	 	788	 	 	 
	3	 	 	 	 	758	 	 	 
	4	 	 	 	 	712	 	 	 
	5	 	 	 	 	770	 	 	 
	6	 	 	 	 	803	 	 	 
	7	 	 	 	 	773	 	 	 
	8	 	 	 	 	799	 	 	 
	9	 	 	 	 	807	 	 	 
	10	 	 	 	 	752	 	 	 
	11	 	 	 	 	793	 	 	 
	12	 	 	 	 	803	 	 	 
	13	 	 	 	 	744	 	 	 
	14	 	 	 	 	802	 	 	 

 

	 	90	91	92	93	94	95	96	97
	 	VantageScore:
 Primary Borrower	VantageScore: Co-
 Borrower	Most Recent
 VantageScore
 Method	VantageScore Date	Credit Report:
 Longest Trade Line	Credit Report:
 Maximum Trade
 Line	Credit Report:
 Number of Trade
 Lines	Credit Line Usage
 Ratio
	1	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 

 

	 	98	99	100	101	102	103	104	105
	 	Most Recent 12-
 month Pay History	Months Bankruptcy	Months Foreclosure	Primary Borrower
 Wage Income	Co-Borrower Wage
 Income	Primary Borrower
 Other Income	Co-Borrower Other
 Income	All Borrower Wage
 Income
	1	000000000000	 	 	3307.00	 	0.00	 	3307.00
	2	000000000000	 	 	26886.08	0.00	0.00	0.00	26886.08
	3	000000000000	 	 	0.00	20487.00	0.00	0.00	20487.00
	4	000000000000	 	 	18055.54	 	0.00	 	18055.54
	5	000000000000	 	 	0.00	9583.00	0.00	51667.00	9583.00
	6	000000000000	 	 	18515.46	0.00	0.00	1176.08	18515.46
	7	000000000000	 	 	40954.92	0.00	4411.67	0.00	40954.92
	8	000000000000	 	 	3710.00	 	0.00	 	3710.00
	9	000000000000	 	 	44795.00	0.00	0.00	0.00	44795.00
	10	000000000000	 	 	13938.76	0.00	10624.00	0.00	13938.76
	11	000000000000	 	 	8333.34	 	42426.92	 	8333.34
	12	000000000000	 	 	141926.79	0.00	0.00	0.00	141926.79
	13	000000000000	 	 	31636.00	0.00	0.00	0.00	31636.00
	14	000000000000	 	 	10416.66	8750.00	2957.00	1243.62	19166.66

 

	 	106	107	108	109	110	111	112	113	114
	 	All Borrower Total
 Income	4506-T Indicator	Borrower Income
 Verification Level	Co-Borrower
 Income Verification	Borrower
 Employment
 Verification	Co-Borrower
 Employment
 Verification	Borrower Asset
 Verification	Co-Borrower Asset
 Verification	Liquid / Cash
 Reserves
	1	3307.00	0	4	 	2	 	4	 	400954.00
	2	26886.08	0	5	 	3	 	4	 	1090071.66
	3	20487.00	1	5	 	3	 	4	 	1398593.21
	4	18055.54	0	5	 	3	 	4	 	1331583.18
	5	61250.00	0	5	 	2	 	4	 	525772.01
	6	19691.54	1	5	 	3	 	4	 	925076.27
	7	45366.59	0	5	 	2	 	4	 	161824.70
	8	3710.00	0	5	 	2	 	4	 	850173.38
	9	44795.00	1	5	 	3	 	4	 	152995.94
	10	24562.76	0	5	 	3	 	4	 	8841603.90
	11	50760.26	0	4	 	2	 	4	 	1180123.78
	12	141926.79	0	5	 	2	 	4	 	744676.77
	13	31636.00	0	5	 	2	 	4	 	2208429.46
	14	23367.28	0	5	 	2	 	4	 	243703.75

 

	 	115	116	117	118	119	120	121	122	123
	 	Monthly Debt All
 Borrowers	Originator DTI	Fully Indexed Rate	Qualification
 Method	Percentage of Down
 Payment from
 Borrower Own
 Funds	City	State	Postal Code	Property Type
	1	183.35	0.055442	 	 	 	LOS GATOS	CA	95032	3
	2	11150.79	0.414742	 	 	 	CHAPPAQUA	NY	10514	1
	3	4607.08	0.224878	 	 	 	Cambridge	MA	02138	13
	4	6123.34	0.339139	 	 	 	KATONAH	NY	10536	1
	5	12328.40	0.201280	 	 	100.000000	BROOKLINE	MA	02467	1
	6	7461.03	0.378895	 	 	100.000000	HEALDSBURG	CA	95448	1
	7	8360.52	0.184288	 	 	 	LAGUNA BEACH	CA	92651	1
	8	1539.38	0.414928	 	 	100.000000	BROOKLYN	NY	11205	15
	9	17368.95	0.387743	 	 	65.482400	CALABASAS	CA	91302	1
	10	9084.51	0.369849	 	 	100.000000	Brooklyn	NY	11201	12
	11	12101.09	0.238397	 	 	 	NEWPORT BEACH	CA	92625	7
	12	17272.92	0.121703	 	 	100.000000	SONOMA	CA	95476	1
	13	11754.07	0.371541	 	 	 	NEWPORT BEACH	CA	92661	1
	14	3878.20	0.165967	 	 	 	Canton	MA	02021	1

 

	 	124	125	126	127	128	129	130	131	132
	 	Occupancy	Sales Price	Original Appraised
 Property Value	Original Property
 Valuation Type	Original Property
 Valuation Date	Original Automated
 Valuation Model
 (AVM) Model Name	Original AVM
 Confidence Score	Most Recent
 Property Value2	Most Recent
 Property Valuation
 Type
	1	3	 	550000.00	3	20120822	 	 	 	 
	2	1	 	2325000.00	3	20120813	 	 	 	 
	3	1	 	1500000.00	3	20121024	 	 	 	 
	4	1	 	1300000.00	3	20120924	 	 	 	 
	5	1	1915000.00	1925000.00	3	20121031	 	 	 	 
	6	2	709950.00	735000.00	3	20121105	 	 	 	 
	7	1	 	2142000.00	3	20121016	 	 	 	 
	8	1	2275000.00	2275000.00	3	20121014	 	 	 	 
	9	1	2030000.00	2030000.00	3	20121018	 	 	 	 
	10	1	3300000.00	3350000.00	3	20121026	 	 	 	 
	11	1	 	3540000.00	3	20120928	 	 	 	 
	12	1	1960000.00	1960000.00	3	20121025	 	 	 	 
	13	1	1335000.00	1335000.00	3	20121030	 	 	 	 
	14	1	675000.00	675000.00	3	20121003	 	 	 	 

 

	 	133	134	135	136	137	138	139	140	141
	 	Most Recent
 Property Valuation
 Date	Most Recent AVM
 Model Name	Most Recent AVM
 Confidence Score	Original CLTV	Original LTV	Original Pledged
 Assets	Mortgage Insurance
 Company Name	Mortgage Insurance
 Percent	MI: Lender or
 Borrower Paid?
	1	 	 	 	0.600000	0.600000	0	0	0	 
	2	 	 	 	0.516100	0.516100	0	0	0	 
	3	 	 	 	0.446600	0.446600	0	0	0	 
	4	 	 	 	0.515300	0.515300	0	0	0	 
	5	 	 	 	0.800000	0.800000	0	0	0	 
	6	 	 	 	0.749300	0.749300	0	0	0	 
	7	 	 	 	0.560200	0.560200	0	0	0	 
	8	 	 	 	0.395600	0.263700	0	0	0	 
	9	 	 	 	0.750000	0.492600	0	0	0	 
	10	 	 	 	0.500000	0.500000	0	0	0	 
	11	 	 	 	0.564900	0.564900	0	0	0	 
	12	 	 	 	0.800000	0.800000	0	0	0	 
	13	 	 	 	0.750000	0.750000	0	0	0	 
	14	 	 	 	0.750000	0.750000	0	0	0	 

 

	 	142	143	144	145	146	147	148	149
	 	Pool Insurance Co.
 Name	Pool Insurance Stop
 Loss %	MI Certificate
 Number	Updated DTI
 (Front-end)	Updated DTI
 (Back-end)	Modification
 Effective Payment
 Date	Total Capitalized
 Amount	Total Deferred
 Amount
	1	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 

 

	 	150	151	152	153	154	155	156	157
	 	Pre-Modification
 Interest (Note) Rate	Pre-Modification P&I
 Payment	Pre-Modification
 Initial Interest Rate
 Change Downward
 Cap	Pre-Modification
 Subsequent Interest
 Rate Cap	Pre-Modification
 Next Interest Rate
 Change Date	Pre-Modification I/O
 Term	Forgiven Principal
 Amount	Forgiven Interest
 Amount
	1	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 

 

	 	158	159	160	161	162	163	164
	 	Number of
 Modifications	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry	CoBrrw - Yrs at in Industry	Junior Mortgage Drawn Amount	Maturity Date	Primary Borrower Wage Income (Salary)
	1	 	 	36	 	0	20321001	3307
	2	 	 	12	 	0	20421101	26886.08
	3	 	 	0	32	 	20421201	0
	4	 	 	18	 	0	20421201	18055.54
	5	 	 	0	6	0	20421201	0
	6	 	 	30	10	0	20421201	18515.46
	7	 	 	0	 	0	20421201	40954.92
	8	 	 	0	 	300000	20421201	3710
	9	 	 	20	 	5364	20421201	44795
	10	 	 	3	 	0	20430101	13938.76
	11	 	 	25	 	0	20421201	8333.34
	12	 	 	25	 	0	20421201	141926.79
	13	 	 	2	 	 	20421201	31636
	14	 	 	10	10	 	20421201	10416.66

 

	 	165	166	167	168	169	170	171	172
	 	Primary Borrower Wage Income (Bonus)	Primary Borrower Wage Income (Commission)	Co-Borrower Wage Income (Salary)	Co-Borrower Wage Income (Bonus)	Co-Borrower Wage Income (Commission)	Originator Doc Code	RWT Income Verification	RWT Asset Verification
	1	0	0	0	0	0	Full	Two Years	Two Months
	2	0	0	0	0	0	Full	Two Years	Two Months
	3	0	0	20487	0	0	Full	Two Years	Two Months
	4	0	0	0	0	0	Full	Two Years	Two Months
	5	0	0	9583	0	0	Full	Two Years	Two Months
	6	0	0	0	0	1176.08	Full	Two Years	Two Months
	7	0	0	0	0	0	Full	Two Years	Two Months
	8	0	0	0	0	0	Full	Two Years	Two Months
	9	0	0	0	0	0	Full	Two Years	Two Months
	10	0	0	0	0	0	Full	Two Years	Two Months
	11	0	0	0	0	0	Full	Two Years	Two Months
	12	0	0	0	0	0	Full	Two Years	Two Months
	13	0	0	0	0	0	Full	Two Years	Two Months
	14	2957	0	8750	1243.62	0	Full	Two Years	Two Months

 

    	 

    	 	

    

 

ATTACHMENT 1B

 

MORTGAGE LOAN SCHEDULE

 

    	 

    	 	

    
 

	 	1	2	3	4	5	6	7	8	9
	 	Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Amortization Type	Lien Position
	1	1002338	0.002500	 	 	1002338	 	12-114179-5	1	1
	2	1002338	0.002500	 	 	1002338	 	12-114425-2	1	1
	3	1002338	0.002500	 	 	1002338	 	12-114460-9	1	1
	4	1002338	0.002500	 	 	1002338	 	12-463515-7	1	1
	5	1002338	0.002500	 	 	1002338	 	12-464699-8	1	1
	6	1002338	0.002500	 	 	1002338	 	12-465011-5	1	1
	7	1002338	0.002500	 	 	1002338	 	12-465452-1	1	1
	8	1002338	0.002500	 	 	1002338	 	12-465719-3	1	1
	9	1002338	0.002500	 	 	1002338	 	12-466486-8	1	1
	10	1002338	0.002500	 	 	1002338	 	12-467557-5	1	1
	11	1002338	0.002500	 	 	1002338	 	12-467694-6	1	1
	12	1002338	0.002500	 	 	1002338	 	12-468150-8	1	1
	13	1002338	0.002500	 	 	1002338	 	12-468456-9	1	1
	14	1002338	0.002500	 	 	1002338	 	12-470267-6	1	1
	15	1002338	0.002500	 	 	1002338	 	12-470446-6	1	1
	16	1002338	0.002500	 	 	1002338	 	12-470736-0	1	1
	17	1002338	0.002500	 	 	1002338	 	12-471014-1	1	1
	18	1002338	0.002500	 	 	1002338	 	12-471572-8	1	1
	19	1002338	0.002500	 	 	1002338	 	12-472076-9	1	1
	20	1002338	0.002500	 	 	1002338	 	12-472416-7	1	1
	21	1002338	0.002500	 	 	1002338	 	12-472593-3	1	1
	22	1002338	0.002500	 	 	1002338	 	12-472738-4	1	1
	23	1002338	0.002500	 	 	1002338	 	12-474057-7	1	1
	24	1002338	0.002500	 	 	1002338	 	12-474156-7	1	1
	25	1002338	0.002500	 	 	1002338	 	12-474195-5	1	1
	26	1002338	0.002500	 	 	1002338	 	12-474562-6	1	1
	27	1002338	0.002500	 	 	1002338	 	12-474578-2	1	1
	28	1002338	0.002500	 	 	1002338	 	12-474592-3	1	1
	29	1002338	0.002500	 	 	1002338	 	12-474611-1	1	1
	30	1002338	0.002500	 	 	1002338	 	12-474940-4	1	1
	31	1002338	0.002500	 	 	1002338	 	12-475305-9	1	1
	32	1002338	0.002500	 	 	1002338	 	12-475537-7	1	1
	33	1002338	0.002500	 	 	1002338	 	12-475702-7	1	1
	34	1002338	0.002500	 	 	1002338	 	12-475837-1	1	1
	35	1002338	0.002500	 	 	1002338	 	12-475854-6	1	1
	36	1002338	0.002500	 	 	1002338	 	12-475896-7	1	1
	37	1002338	0.002500	 	 	1002338	 	12-476041-9	1	1
	38	1002338	0.002500	 	 	1002338	 	12-476098-9	1	1
	39	1002338	0.002500	 	 	1002338	 	12-476200-1	1	1
	40	1002338	0.002500	 	 	1002338	 	12-476440-3	1	1
	41	1002338	0.002500	 	 	1002338	 	12-476524-4	1	1
	42	1002338	0.002500	 	 	1002338	 	12-476525-1	1	1
	43	1002338	0.002500	 	 	1002338	 	12-476605-1	1	1
	44	1002338	0.002500	 	 	1002338	 	12-476632-5	1	1
	45	1002338	0.002500	 	 	1002338	 	12-476634-1	1	1
	46	1002338	0.002500	 	 	1002338	 	12-476766-1	1	1
	47	1002338	0.002500	 	 	1002338	 	12-476767-9	1	1
	48	1002338	0.002500	 	 	1002338	 	12-476830-5	1	1
	49	1002338	0.002500	 	 	1002338	 	12-477065-7	1	1
	50	1002338	0.002500	 	 	1002338	 	12-477133-3	1	1
	51	1002338	0.002500	 	 	1002338	 	12-477456-8	1	1
	52	1002338	0.002500	 	 	1002338	 	12-477631-6	1	1
	53	1002338	0.002500	 	 	1002338	 	12-477879-1	1	1
	54	1002338	0.002500	 	 	1002338	 	12-478155-5	1	1
	55	1002338	0.002500	 	 	1002338	 	12-478254-6	1	1
	56	1002338	0.002500	 	 	1002338	 	12-478572-1	1	1
	57	1002338	0.002500	 	 	1002338	 	12-478604-2	1	1
	58	1002338	0.002500	 	 	1002338	 	12-478611-7	1	1
	59	1002338	0.002500	 	 	1002338	 	12-478637-2	1	1
	60	1002338	0.002500	 	 	1002338	 	12-478748-7	1	1
	61	1002338	0.002500	 	 	1002338	 	12-479221-4	1	1
	62	1002338	0.002500	 	 	1002338	 	12-479290-9	1	1
	63	1002338	0.002500	 	 	1002338	 	12-479368-3	1	1
	64	1002338	0.002500	 	 	1002338	 	12-479386-5	1	1
	65	1002338	0.002500	 	 	1002338	 	12-479893-0	1	1
	66	1002338	0.002500	 	 	1002338	 	12-479908-6	1	1
	67	1002338	0.002500	 	 	1002338	 	12-479990-4	1	1
	68	1002338	0.002500	 	 	1002338	 	12-479991-2	1	1
	69	1002338	0.002500	 	 	1002338	 	12-480001-7	1	1
	70	1002338	0.002500	 	 	1002338	 	12-480090-0	1	1
	71	1002338	0.002500	 	 	1002338	 	12-480441-5	1	1
	72	1002338	0.002500	 	 	1002338	 	12-480451-4	1	1
	73	1002338	0.002500	 	 	1002338	 	12-480525-5	1	1
	74	1002338	0.002500	 	 	1002338	 	12-480643-6	1	1
	75	1002338	0.002500	 	 	1002338	 	12-480678-2	1	1
	76	1002338	0.002500	 	 	1002338	 	12-480961-2	1	1
	77	1002338	0.002500	 	 	1002338	 	12-481023-0	1	1
	78	1002338	0.002500	 	 	1002338	 	12-481217-8	1	1
	79	1002338	0.002500	 	 	1002338	 	12-481363-0	1	1
	80	1002338	0.002500	 	 	1002338	 	12-481370-5	1	1
	81	1002338	0.002500	 	 	1002338	 	12-481371-3	1	1
	82	1002338	0.002500	 	 	1002338	 	12-481527-0	1	1
	83	1002338	0.002500	 	 	1002338	 	12-481675-7	1	1
	84	1002338	0.002500	 	 	1002338	 	12-481898-5	1	1
	85	1002338	0.002500	 	 	1002338	 	12-481933-0	1	1
	86	1002338	0.002500	 	 	1002338	 	12-482270-6	1	1
	87	1002338	0.002500	 	 	1002338	 	12-482314-2	1	1
	88	1002338	0.002500	 	 	1002338	 	12-482330-8	1	1
	89	1002338	0.002500	 	 	1002338	 	12-482369-6	1	1
	90	1002338	0.002500	 	 	1002338	 	12-482438-9	1	1
	91	1002338	0.002500	 	 	1002338	 	12-482529-5	1	1
	92	1002338	0.002500	 	 	1002338	 	12-482530-3	1	1
	93	1002338	0.002500	 	 	1002338	 	12-482705-1	1	1
	94	1002338	0.002500	 	 	1002338	 	12-482857-0	1	1
	95	1002338	0.002500	 	 	1002338	 	12-482897-6	1	1
	96	1002338	0.002500	 	 	1002338	 	12-482952-9	1	1
	97	1002338	0.002500	 	 	1002338	 	12-483018-8	1	1
	98	1002338	0.002500	 	 	1002338	 	12-483065-9	1	1
	99	1002338	0.002500	 	 	1002338	 	12-483081-6	1	1
	100	1002338	0.002500	 	 	1002338	 	12-483102-0	1	1
	101	1002338	0.002500	 	 	1002338	 	12-483303-4	1	1
	102	1002338	0.002500	 	 	1002338	 	12-483321-6	1	1
	103	1002338	0.002500	 	 	1002338	 	12-483427-1	1	1
	104	1002338	0.002500	 	 	1002338	 	12-483477-6	1	1
	105	1002338	0.002500	 	 	1002338	 	12-483542-7	1	1
	106	1002338	0.002500	 	 	1002338	 	12-483596-3	1	1
	107	1002338	0.002500	 	 	1002338	 	12-483605-2	1	1
	108	1002338	0.002500	 	 	1002338	 	12-483668-0	1	1
	109	1002338	0.002500	 	 	1002338	 	12-483946-0	1	1
	110	1002338	0.002500	 	 	1002338	 	12-484241-5	1	1
	111	1002338	0.002500	 	 	1002338	 	12-484264-7	1	1
	112	1002338	0.002500	 	 	1002338	 	12-484280-3	1	1
	113	1002338	0.002500	 	 	1002338	 	12-484437-9	1	1
	114	1002338	0.002500	 	 	1002338	 	12-484452-8	1	1
	115	1002338	0.002500	 	 	1002338	 	12-484529-3	1	1
	116	1002338	0.002500	 	 	1002338	 	12-484534-3	1	1
	117	1002338	0.002500	 	 	1002338	 	12-484643-2	1	1
	118	1002338	0.002500	 	 	1002338	 	12-484807-3	1	1
	119	1002338	0.002500	 	 	1002338	 	12-484848-7	1	1
	120	1002338	0.002500	 	 	1002338	 	12-484906-3	1	1
	121	1002338	0.002500	 	 	1002338	 	12-484957-6	1	1
	122	1002338	0.002500	 	 	1002338	 	12-484987-3	1	1
	123	1002338	0.002500	 	 	1002338	 	12-485079-8	1	1
	124	1002338	0.002500	 	 	1002338	 	12-485082-2	1	1
	125	1002338	0.002500	 	 	1002338	 	12-485094-7	1	1
	126	1002338	0.002500	 	 	1002338	 	12-485153-1	1	1
	127	1002338	0.002500	 	 	1002338	 	12-485206-7	1	1
	128	1002338	0.002500	 	 	1002338	 	12-485229-9	1	1
	129	1002338	0.002500	 	 	1002338	 	12-485247-1	1	1
	130	1002338	0.002500	 	 	1002338	 	12-485265-3	1	1
	131	1002338	0.002500	 	 	1002338	 	12-485269-5	1	1
	132	1002338	0.002500	 	 	1002338	 	12-485293-5	1	1
	133	1002338	0.002500	 	 	1002338	 	12-485309-9	1	1
	134	1002338	0.002500	 	 	1002338	 	12-485374-3	1	1
	135	1002338	0.002500	 	 	1002338	 	12-485394-1	1	1
	136	1002338	0.002500	 	 	1002338	 	12-485412-1	1	1
	137	1002338	0.002500	 	 	1002338	 	12-485418-8	1	1
	138	1002338	0.002500	 	 	1002338	 	12-485426-1	1	1
	139	1002338	0.002500	 	 	1002338	 	12-485431-1	1	1
	140	1002338	0.002500	 	 	1002338	 	12-485453-5	1	1
	141	1002338	0.002500	 	 	1002338	 	12-485490-7	1	1
	142	1002338	0.002500	 	 	1002338	 	12-485499-8	1	1
	143	1002338	0.002500	 	 	1002338	 	12-485507-8	1	1
	144	1002338	0.002500	 	 	1002338	 	12-485571-4	1	1
	145	1002338	0.002500	 	 	1002338	 	12-485579-7	1	1
	146	1002338	0.002500	 	 	1002338	 	12-485585-4	1	1
	147	1002338	0.002500	 	 	1002338	 	12-485612-6	1	1
	148	1002338	0.002500	 	 	1002338	 	12-485662-1	1	1
	149	1002338	0.002500	 	 	1002338	 	12-485733-0	1	1
	150	1002338	0.002500	 	 	1002338	 	12-485747-0	1	1
	151	1002338	0.002500	 	 	1002338	 	12-485767-8	1	1
	152	1002338	0.002500	 	 	1002338	 	12-485779-3	1	1
	153	1002338	0.002500	 	 	1002338	 	12-485793-4	1	1
	154	1002338	0.002500	 	 	1002338	 	12-485814-8	1	1
	155	1002338	0.002500	 	 	1002338	 	12-485844-5	1	1
	156	1002338	0.002500	 	 	1002338	 	12-485849-4	1	1
	157	1002338	0.002500	 	 	1002338	 	12-485878-3	1	1
	158	1002338	0.002500	 	 	1002338	 	12-485913-8	1	1
	159	1002338	0.002500	 	 	1002338	 	12-485965-8	1	1
	160	1002338	0.002500	 	 	1002338	 	12-485986-4	1	1
	161	1002338	0.002500	 	 	1002338	 	12-486026-8	1	1
	162	1002338	0.002500	 	 	1002338	 	12-486168-8	1	1
	163	1002338	0.002500	 	 	1002338	 	12-486205-8	1	1
	164	1002338	0.002500	 	 	1002338	 	12-486218-1	1	1
	165	1002338	0.002500	 	 	1002338	 	12-486219-9	1	1
	166	1002338	0.002500	 	 	1002338	 	12-486238-9	1	1
	167	1002338	0.002500	 	 	1002338	 	12-486239-7	1	1
	168	1002338	0.002500	 	 	1002338	 	12-486297-5	1	1
	169	1002338	0.002500	 	 	1002338	 	12-486300-7	1	1
	170	1002338	0.002500	 	 	1002338	 	12-486312-2	1	1
	171	1002338	0.002500	 	 	1002338	 	12-486376-7	1	1
	172	1002338	0.002500	 	 	1002338	 	12-486409-6	1	1
	173	1002338	0.002500	 	 	1002338	 	12-486446-8	1	1
	174	1002338	0.002500	 	 	1002338	 	12-486472-4	1	1
	175	1002338	0.002500	 	 	1002338	 	12-486526-7	1	1
	176	1002338	0.002500	 	 	1002338	 	12-486558-0	1	1
	177	1002338	0.002500	 	 	1002338	 	12-486559-8	1	1
	178	1002338	0.002500	 	 	1002338	 	12-486571-3	1	1
	179	1002338	0.002500	 	 	1002338	 	12-486583-8	1	1
	180	1002338	0.002500	 	 	1002338	 	12-486607-5	1	1
	181	1002338	0.002500	 	 	1002338	 	12-486619-0	1	1
	182	1002338	0.002500	 	 	1002338	 	12-486623-2	1	1
	183	1002338	0.002500	 	 	1002338	 	12-486742-0	1	1
	184	1002338	0.002500	 	 	1002338	 	12-486766-9	1	1
	185	1002338	0.002500	 	 	1002338	 	12-486824-6	1	1
	186	1002338	0.002500	 	 	1002338	 	12-486833-7	1	1
	187	1002338	0.002500	 	 	1002338	 	12-486853-5	1	1
	188	1002338	0.002500	 	 	1002338	 	12-486868-3	1	1
	189	1002338	0.002500	 	 	1002338	 	12-486897-2	1	1
	190	1002338	0.002500	 	 	1002338	 	12-487005-1	1	1
	191	1002338	0.002500	 	 	1002338	 	12-487020-0	1	1
	192	1002338	0.002500	 	 	1002338	 	12-487036-6	1	1
	193	1002338	0.002500	 	 	1002338	 	12-487154-7	1	1
	194	1002338	0.002500	 	 	1002338	 	12-487238-8	1	1
	195	1002338	0.002500	 	 	1002338	 	12-487247-9	1	1
	196	1002338	0.002500	 	 	1002338	 	12-487260-2	1	1
	197	1002338	0.002500	 	 	1002338	 	12-487262-8	1	1
	198	1002338	0.002500	 	 	1002338	 	12-487363-4	1	1
	199	1002338	0.002500	 	 	1002338	 	12-487463-2	1	1
	200	1002338	0.002500	 	 	1002338	 	12-487522-5	1	1
	201	1002338	0.002500	 	 	1002338	 	12-487532-4	1	1
	202	1002338	0.002500	 	 	1002338	 	12-487534-0	1	1
	203	1002338	0.002500	 	 	1002338	 	12-487564-7	1	1
	204	1002338	0.002500	 	 	1002338	 	12-487634-8	1	1
	205	1002338	0.002500	 	 	1002338	 	12-487637-1	1	1
	206	1002338	0.002500	 	 	1002338	 	12-487689-2	1	1
	207	1002338	0.002500	 	 	1002338	 	12-487704-9	1	1
	208	1002338	0.002500	 	 	1002338	 	12-487881-5	1	1
	209	1002338	0.002500	 	 	1002338	 	12-487883-1	1	1
	210	1002338	0.002500	 	 	1002338	 	12-487884-9	1	1
	211	1002338	0.002500	 	 	1002338	 	12-487923-5	1	1
	212	1002338	0.002500	 	 	1002338	 	12-487937-5	1	1
	213	1002338	0.002500	 	 	1002338	 	12-487940-9	1	1
	214	1002338	0.002500	 	 	1002338	 	12-487979-7	1	1
	215	1002338	0.002500	 	 	1002338	 	12-488009-2	1	1
	216	1002338	0.002500	 	 	1002338	 	12-488097-7	1	1
	217	1002338	0.002500	 	 	1002338	 	12-488176-9	1	1
	218	1002338	0.002500	 	 	1002338	 	12-488184-3	1	1
	219	1002338	0.002500	 	 	1002338	 	12-488237-9	1	1
	220	1002338	0.002500	 	 	1002338	 	12-488238-7	1	1
	221	1002338	0.002500	 	 	1002338	 	12-488261-9	1	1
	222	1002338	0.002500	 	 	1002338	 	12-488279-1	1	1
	223	1002338	0.002500	 	 	1002338	 	12-488297-3	1	1
	224	1002338	0.002500	 	 	1002338	 	12-488394-8	1	1
	225	1002338	0.002500	 	 	1002338	 	12-488401-1	1	1
	226	1002338	0.002500	 	 	1002338	 	12-488415-1	1	1
	227	1002338	0.002500	 	 	1002338	 	12-488420-1	1	1
	228	1002338	0.002500	 	 	1002338	 	12-488460-7	1	1
	229	1002338	0.002500	 	 	1002338	 	12-488464-9	1	1
	230	1002338	0.002500	 	 	1002338	 	12-488485-4	1	1
	231	1002338	0.002500	 	 	1002338	 	12-488508-3	1	1
	232	1002338	0.002500	 	 	1002338	 	12-488513-3	1	1
	233	1002338	0.002500	 	 	1002338	 	12-488629-7	1	1
	234	1002338	0.002500	 	 	1002338	 	12-488708-9	1	1
	235	1002338	0.002500	 	 	1002338	 	12-488738-6	1	1
	236	1002338	0.002500	 	 	1002338	 	12-488742-8	1	1
	237	1002338	0.002500	 	 	1002338	 	12-488780-8	1	1
	238	1002338	0.002500	 	 	1002338	 	12-488782-4	1	1
	239	1002338	0.002500	 	 	1002338	 	12-488821-0	1	1
	240	1002338	0.002500	 	 	1002338	 	12-488823-6	1	1
	241	1002338	0.002500	 	 	1002338	 	12-488838-4	1	1
	242	1002338	0.002500	 	 	1002338	 	12-488894-7	1	1
	243	1002338	0.002500	 	 	1002338	 	12-488901-0	1	1
	244	1002338	0.002500	 	 	1002338	 	12-488921-8	1	1
	245	1002338	0.002500	 	 	1002338	 	12-488925-9	1	1
	246	1002338	0.002500	 	 	1002338	 	12-488962-2	1	1
	247	1002338	0.002500	 	 	1002338	 	12-488975-4	1	1
	248	1002338	0.002500	 	 	1002338	 	12-488989-5	1	1
	249	1002338	0.002500	 	 	1002338	 	12-488995-2	1	1
	250	1002338	0.002500	 	 	1002338	 	12-489061-2	1	1
	251	1002338	0.002500	 	 	1002338	 	12-489068-7	1	1
	252	1002338	0.002500	 	 	1002338	 	12-489072-9	1	1
	253	1002338	0.002500	 	 	1002338	 	12-489091-9	1	1
	254	1002338	0.002500	 	 	1002338	 	12-489101-6	1	1
	255	1002338	0.002500	 	 	1002338	 	12-489127-1	1	1
	256	1002338	0.002500	 	 	1002338	 	12-489140-4	1	1
	257	1002338	0.002500	 	 	1002338	 	12-489148-7	1	1
	258	1002338	0.002500	 	 	1002338	 	12-489154-5	1	1
	259	1002338	0.002500	 	 	1002338	 	12-489161-0	1	1
	260	1002338	0.002500	 	 	1002338	 	12-489165-1	1	1
	261	1002338	0.002500	 	 	1002338	 	12-489173-5	1	1
	262	1002338	0.002500	 	 	1002338	 	12-489222-0	1	1
	263	1002338	0.002500	 	 	1002338	 	12-489248-5	1	1
	264	1002338	0.002500	 	 	1002338	 	12-489257-6	1	1
	265	1002338	0.002500	 	 	1002338	 	12-489321-0	1	1
	266	1002338	0.002500	 	 	1002338	 	12-489327-7	1	1
	267	1002338	0.002500	 	 	1002338	 	12-489329-3	1	1
	268	1002338	0.002500	 	 	1002338	 	12-489340-0	1	1
	269	1002338	0.002500	 	 	1002338	 	12-489349-1	1	1
	270	1002338	0.002500	 	 	1002338	 	12-489358-2	1	1
	271	1002338	0.002500	 	 	1002338	 	12-489434-1	1	1
	272	1002338	0.002500	 	 	1002338	 	12-489457-2	1	1
	273	1002338	0.002500	 	 	1002338	 	12-489462-2	1	1
	274	1002338	0.002500	 	 	1002338	 	12-489512-4	1	1
	275	1002338	0.002500	 	 	1002338	 	12-489552-0	1	1
	276	1002338	0.002500	 	 	1002338	 	12-489557-9	1	1
	277	1002338	0.002500	 	 	1002338	 	12-489580-1	1	1
	278	1002338	0.002500	 	 	1002338	 	12-489595-9	1	1
	279	1002338	0.002500	 	 	1002338	 	12-489647-8	1	1
	280	1002338	0.002500	 	 	1002338	 	12-489720-3	1	1
	281	1002338	0.002500	 	 	1002338	 	12-489729-4	1	1
	282	1002338	0.002500	 	 	1002338	 	12-489741-9	1	1
	283	1002338	0.002500	 	 	1002338	 	12-489762-5	1	1
	284	1002338	0.002500	 	 	1002338	 	12-489857-3	1	1
	285	1002338	0.002500	 	 	1002338	 	12-489866-4	1	1
	286	1002338	0.002500	 	 	1002338	 	12-489868-0	1	1
	287	1002338	0.002500	 	 	1002338	 	12-489880-5	1	1
	288	1002338	0.002500	 	 	1002338	 	12-489883-9	1	1
	289	1002338	0.002500	 	 	1002338	 	12-489884-7	1	1
	290	1002338	0.002500	 	 	1002338	 	12-489900-1	1	1
	291	1002338	0.002500	 	 	1002338	 	12-489906-8	1	1
	292	1002338	0.002500	 	 	1002338	 	12-489913-4	1	1
	293	1002338	0.002500	 	 	1002338	 	12-489918-3	1	1
	294	1002338	0.002500	 	 	1002338	 	12-489921-7	1	1
	295	1002338	0.002500	 	 	1002338	 	12-489929-0	1	1
	296	1002338	0.002500	 	 	1002338	 	12-489954-8	1	1
	297	1002338	0.002500	 	 	1002338	 	12-489975-3	1	1
	298	1002338	0.002500	 	 	1002338	 	12-489992-8	1	1
	299	1002338	0.002500	 	 	1002338	 	12-490076-7	1	1
	300	1002338	0.002500	 	 	1002338	 	12-490173-2	1	1
	301	1002338	0.002500	 	 	1002338	 	12-490180-7	1	1
	302	1002338	0.002500	 	 	1002338	 	12-490210-2	1	1
	303	1002338	0.002500	 	 	1002338	 	12-490271-4	1	1
	304	1002338	0.002500	 	 	1002338	 	12-490272-2	1	1
	305	1002338	0.002500	 	 	1002338	 	12-490306-8	1	1
	306	1002338	0.002500	 	 	1002338	 	12-490309-2	1	1
	307	1002338	0.002500	 	 	1002338	 	12-490346-4	1	1
	308	1002338	0.002500	 	 	1002338	 	12-490358-9	1	1
	309	1002338	0.002500	 	 	1002338	 	12-490359-7	1	1
	310	1002338	0.002500	 	 	1002338	 	12-490437-1	1	1
	311	1002338	0.002500	 	 	1002338	 	12-490441-3	1	1
	312	1002338	0.002500	 	 	1002338	 	12-490473-6	1	1
	313	1002338	0.002500	 	 	1002338	 	12-490476-9	1	1
	314	1002338	0.002500	 	 	1002338	 	12-490484-3	1	1
	315	1002338	0.002500	 	 	1002338	 	12-490508-9	1	1
	316	1002338	0.002500	 	 	1002338	 	12-490512-1	1	1
	317	1002338	0.002500	 	 	1002338	 	12-490516-2	1	1
	318	1002338	0.002500	 	 	1002338	 	12-490627-7	1	1
	319	1002338	0.002500	 	 	1002338	 	12-490664-0	1	1
	320	1002338	0.002500	 	 	1002338	 	12-490686-3	1	1
	321	1002338	0.002500	 	 	1002338	 	12-490736-6	1	1
	322	1002338	0.002500	 	 	1002338	 	12-490961-0	1	1
	323	1002338	0.002500	 	 	1002338	 	12-491000-6	1	1
	324	1002338	0.002500	 	 	1002338	 	12-491008-9	1	1
	325	1002338	0.002500	 	 	1002338	 	12-491019-6	1	1
	326	1002338	0.002500	 	 	1002338	 	12-491050-1	1	1
	327	1002338	0.002500	 	 	1002338	 	12-491139-2	1	1
	328	1002338	0.002500	 	 	1002338	 	12-491162-4	1	1
	329	1002338	0.002500	 	 	1002338	 	12-491348-9	1	1
	330	1002338	0.002500	 	 	1002338	 	12-491408-1	1	1
	331	1002338	0.002500	 	 	1002338	 	12-491410-7	1	1
	332	1002338	0.002500	 	 	1002338	 	12-491430-5	1	1
	333	1002338	0.002500	 	 	1002338	 	12-491468-5	1	1
	334	1002338	0.002500	 	 	1002338	 	12-491551-8	1	1
	335	1002338	0.002500	 	 	1002338	 	12-491605-2	1	1
	336	1002338	0.002500	 	 	1002338	 	12-491992-4	1	1
	337	1002338	0.002500	 	 	1002338	 	12-492129-2	1	1
	338	1002338	0.002500	 	 	1002338	 	12-492178-9	1	1
	339	1002338	0.002500	 	 	1002338	 	12-492367-8	1	1
	340	1002338	0.002500	 	 	1002338	 	12-492381-9	1	1
	341	1002338	0.002500	 	 	1002338	 	12-492475-9	1	1
	342	1002338	0.002500	 	 	1002338	 	12-492539-2	1	1
	343	1002338	0.002500	 	 	1002338	 	12-492580-6	1	1
	344	1002338	0.002500	 	 	1002338	 	22-462801-2	1	1

 

	 	10	11	12	13	14	15	16	17	18
	 	HELOC Indicator	Loan Purpose	Cash Out Amount	Total Origination and Discount Points	Covered/High Cost Loan Indicator	Relocation Loan Indicator	Broker Indicator	Channel	Escrow Indicator
	1	0	9	 	 	 	 	 	1	0
	2	0	7	 	 	 	 	 	1	5
	3	0	7	 	 	 	 	 	1	0
	4	0	9	 	 	 	 	 	1	0
	5	0	9	 	 	 	 	 	1	0
	6	0	3	 	 	 	 	 	1	0
	7	0	7	 	 	 	 	 	1	0
	8	0	9	 	 	 	 	 	1	0
	9	0	9	 	 	 	 	 	1	0
	10	0	7	 	 	 	 	 	1	0
	11	0	7	 	 	 	 	 	1	0
	12	0	7	 	 	 	 	 	1	0
	13	0	3	 	 	 	 	 	1	5
	14	0	9	 	 	 	 	 	1	0
	15	0	6	 	 	 	 	 	1	0
	16	0	9	 	 	 	 	 	1	0
	17	0	6	 	 	 	 	 	1	0
	18	0	7	 	 	 	 	 	1	0
	19	0	7	 	 	 	 	 	1	0
	20	0	7	 	 	 	 	 	1	0
	21	0	7	 	 	 	 	 	1	0
	22	0	7	 	 	 	 	 	1	5
	23	0	9	 	 	 	 	 	1	0
	24	0	9	 	 	 	 	 	1	0
	25	0	9	 	 	 	 	 	1	0
	26	0	3	 	 	 	 	 	1	0
	27	0	3	 	 	 	 	 	1	0
	28	0	9	 	 	 	 	 	1	0
	29	0	9	 	 	 	 	 	1	0
	30	0	9	 	 	 	 	 	1	0
	31	0	3	 	 	 	 	 	1	0
	32	0	7	 	 	 	 	 	1	0
	33	0	7	 	 	 	 	 	1	0
	34	0	3	 	 	 	 	 	1	0
	35	0	9	 	 	 	 	 	1	0
	36	0	7	 	 	 	 	 	1	5
	37	0	9	 	 	 	 	 	1	5
	38	0	7	 	 	 	 	 	1	5
	39	0	7	 	 	 	 	 	1	0
	40	0	9	 	 	 	 	 	1	0
	41	0	9	 	 	 	 	 	1	0
	42	0	7	 	 	 	 	 	1	0
	43	0	9	 	 	 	 	 	1	0
	44	0	6	 	 	 	 	 	1	0
	45	0	7	 	 	 	 	 	1	0
	46	0	3	 	 	 	 	 	1	0
	47	0	7	 	 	 	 	 	1	0
	48	0	9	 	 	 	 	 	1	0
	49	0	9	 	 	 	 	 	1	0
	50	0	9	 	 	 	 	 	1	0
	51	0	9	 	 	 	 	 	1	5
	52	0	3	 	 	 	 	 	1	0
	53	0	3	 	 	 	 	 	1	0
	54	0	3	 	 	 	 	 	1	0
	55	0	9	 	 	 	 	 	1	0
	56	0	7	 	 	 	 	 	1	0
	57	0	9	 	 	 	 	 	1	0
	58	0	9	 	 	 	 	 	1	0
	59	0	9	 	 	 	 	 	1	0
	60	0	9	 	 	 	 	 	1	0
	61	0	9	 	 	 	 	 	1	0
	62	0	3	 	 	 	 	 	1	0
	63	0	7	 	 	 	 	 	1	0
	64	0	7	 	 	 	 	 	1	0
	65	0	7	 	 	 	 	 	1	0
	66	0	3	 	 	 	 	 	1	0
	67	0	9	 	 	 	 	 	1	0
	68	0	7	 	 	 	 	 	1	0
	69	0	9	 	 	 	 	 	1	0
	70	0	9	 	 	 	 	 	1	0
	71	0	7	 	 	 	 	 	1	0
	72	0	3	 	 	 	 	 	1	0
	73	0	7	 	 	 	 	 	1	0
	74	0	3	 	 	 	 	 	1	0
	75	0	9	 	 	 	 	 	1	0
	76	0	7	 	 	 	 	 	1	0
	77	0	9	 	 	 	 	 	1	0
	78	0	9	 	 	 	 	 	1	0
	79	0	9	 	 	 	 	 	1	0
	80	0	9	 	 	 	 	 	1	0
	81	0	3	 	 	 	 	 	1	0
	82	0	3	 	 	 	 	 	1	0
	83	0	7	 	 	 	 	 	1	0
	84	0	9	 	 	 	 	 	1	0
	85	0	9	 	 	 	 	 	1	0
	86	0	9	 	 	 	 	 	1	0
	87	0	9	 	 	 	 	 	1	0
	88	0	7	 	 	 	 	 	1	0
	89	0	9	 	 	 	 	 	1	0
	90	0	9	 	 	 	 	 	1	0
	91	0	9	 	 	 	 	 	1	0
	92	0	9	 	 	 	 	 	1	0
	93	0	3	 	 	 	 	 	1	0
	94	0	6	 	 	 	 	 	1	0
	95	0	9	 	 	 	 	 	1	0
	96	0	9	 	 	 	 	 	1	0
	97	0	6	 	 	 	 	 	1	0
	98	0	3	 	 	 	 	 	1	0
	99	0	9	 	 	 	 	 	1	0
	100	0	7	 	 	 	 	 	1	0
	101	0	9	 	 	 	 	 	1	5
	102	0	6	 	 	 	 	 	1	0
	103	0	7	 	 	 	 	 	1	5
	104	0	6	 	 	 	 	 	1	0
	105	0	9	 	 	 	 	 	1	5
	106	0	9	 	 	 	 	 	1	5
	107	0	3	 	 	 	 	 	1	0
	108	0	3	 	 	 	 	 	1	0
	109	0	7	 	 	 	 	 	1	0
	110	0	3	 	 	 	 	 	1	0
	111	0	9	 	 	 	 	 	1	0
	112	0	3	 	 	 	 	 	1	0
	113	0	3	 	 	 	 	 	1	0
	114	0	7	 	 	 	 	 	1	0
	115	0	7	 	 	 	 	 	1	0
	116	0	6	 	 	 	 	 	1	0
	117	0	6	 	 	 	 	 	1	0
	118	0	9	 	 	 	 	 	1	0
	119	0	3	 	 	 	 	 	1	0
	120	0	7	 	 	 	 	 	1	0
	121	0	7	 	 	 	 	 	1	0
	122	0	7	 	 	 	 	 	1	0
	123	0	3	 	 	 	 	 	1	0
	124	0	9	 	 	 	 	 	1	0
	125	0	9	 	 	 	 	 	1	0
	126	0	9	 	 	 	 	 	1	0
	127	0	3	 	 	 	 	 	1	0
	128	0	7	 	 	 	 	 	1	0
	129	0	7	 	 	 	 	 	1	0
	130	0	6	 	 	 	 	 	1	0
	131	0	6	 	 	 	 	 	1	0
	132	0	7	 	 	 	 	 	1	5
	133	0	9	 	 	 	 	 	1	0
	134	0	9	 	 	 	 	 	1	0
	135	0	6	 	 	 	 	 	1	0
	136	0	7	 	 	 	 	 	1	0
	137	0	3	 	 	 	 	 	1	0
	138	0	3	 	 	 	 	 	1	0
	139	0	6	 	 	 	 	 	1	0
	140	0	6	 	 	 	 	 	1	0
	141	0	9	 	 	 	 	 	1	0
	142	0	7	 	 	 	 	 	1	0
	143	0	6	 	 	 	 	 	1	0
	144	0	7	 	 	 	 	 	1	0
	145	0	3	 	 	 	 	 	1	0
	146	0	9	 	 	 	 	 	1	0
	147	0	7	 	 	 	 	 	1	0
	148	0	9	 	 	 	 	 	1	0
	149	0	3	 	 	 	 	 	1	0
	150	0	7	 	 	 	 	 	1	0
	151	0	7	 	 	 	 	 	1	0
	152	0	7	 	 	 	 	 	1	0
	153	0	7	 	 	 	 	 	1	0
	154	0	9	 	 	 	 	 	1	0
	155	0	9	 	 	 	 	 	1	0
	156	0	9	 	 	 	 	 	1	0
	157	0	7	 	 	 	 	 	1	5
	158	0	7	 	 	 	 	 	1	0
	159	0	9	 	 	 	 	 	1	0
	160	0	3	 	 	 	 	 	1	0
	161	0	7	 	 	 	 	 	1	0
	162	0	6	 	 	 	 	 	1	0
	163	0	3	 	 	 	 	 	1	0
	164	0	7	 	 	 	 	 	1	0
	165	0	9	 	 	 	 	 	1	0
	166	0	6	 	 	 	 	 	1	0
	167	0	9	 	 	 	 	 	1	0
	168	0	3	 	 	 	 	 	1	0
	169	0	9	 	 	 	 	 	1	0
	170	0	7	 	 	 	 	 	1	0
	171	0	7	 	 	 	 	 	1	0
	172	0	3	 	 	 	 	 	1	0
	173	0	7	 	 	 	 	 	1	0
	174	0	9	 	 	 	 	 	1	0
	175	0	6	 	 	 	 	 	1	0
	176	0	3	 	 	 	 	 	1	0
	177	0	9	 	 	 	 	 	1	0
	178	0	9	 	 	 	 	 	1	0
	179	0	7	 	 	 	 	 	1	0
	180	0	9	 	 	 	 	 	1	0
	181	0	3	 	 	 	 	 	1	0
	182	0	3	 	 	 	 	 	1	0
	183	0	7	 	 	 	 	 	1	0
	184	0	9	 	 	 	 	 	1	0
	185	0	3	 	 	 	 	 	1	0
	186	0	7	 	 	 	 	 	1	0
	187	0	3	 	 	 	 	 	1	0
	188	0	9	 	 	 	 	 	1	0
	189	0	9	 	 	 	 	 	1	0
	190	0	9	 	 	 	 	 	1	0
	191	0	6	 	 	 	 	 	1	5
	192	0	7	 	 	 	 	 	1	0
	193	0	7	 	 	 	 	 	1	0
	194	0	7	 	 	 	 	 	1	0
	195	0	6	 	 	 	 	 	1	5
	196	0	3	 	 	 	 	 	1	0
	197	0	7	 	 	 	 	 	1	0
	198	0	9	 	 	 	 	 	1	0
	199	0	3	 	 	 	 	 	1	0
	200	0	9	 	 	 	 	 	1	0
	201	0	7	 	 	 	 	 	1	0
	202	0	7	 	 	 	 	 	1	0
	203	0	7	 	 	 	 	 	1	0
	204	0	9	 	 	 	 	 	1	0
	205	0	9	 	 	 	 	 	1	0
	206	0	7	 	 	 	 	 	1	0
	207	0	7	 	 	 	 	 	1	0
	208	0	3	 	 	 	 	 	1	0
	209	0	9	 	 	 	 	 	1	5
	210	0	7	 	 	 	 	 	1	0
	211	0	7	 	 	 	 	 	1	0
	212	0	7	 	 	 	 	 	1	0
	213	0	7	 	 	 	 	 	1	0
	214	0	9	 	 	 	 	 	1	0
	215	0	3	 	 	 	 	 	1	0
	216	0	7	 	 	 	 	 	1	0
	217	0	9	 	 	 	 	 	1	0
	218	0	3	 	 	 	 	 	1	0
	219	0	9	 	 	 	 	 	1	0
	220	0	7	 	 	 	 	 	1	0
	221	0	7	 	 	 	 	 	1	0
	222	0	9	 	 	 	 	 	1	0
	223	0	7	 	 	 	 	 	1	0
	224	0	7	 	 	 	 	 	1	5
	225	0	9	 	 	 	 	 	1	0
	226	0	3	 	 	 	 	 	1	0
	227	0	9	 	 	 	 	 	1	0
	228	0	7	 	 	 	 	 	1	0
	229	0	9	 	 	 	 	 	1	0
	230	0	7	 	 	 	 	 	1	0
	231	0	9	 	 	 	 	 	1	5
	232	0	9	 	 	 	 	 	1	0
	233	0	7	 	 	 	 	 	1	0
	234	0	9	 	 	 	 	 	1	0
	235	0	9	 	 	 	 	 	1	0
	236	0	9	 	 	 	 	 	1	4
	237	0	7	 	 	 	 	 	1	0
	238	0	7	 	 	 	 	 	1	5
	239	0	9	 	 	 	 	 	1	0
	240	0	9	 	 	 	 	 	1	0
	241	0	9	 	 	 	 	 	1	0
	242	0	9	 	 	 	 	 	1	0
	243	0	7	 	 	 	 	 	1	0
	244	0	9	 	 	 	 	 	1	0
	245	0	3	 	 	 	 	 	1	0
	246	0	7	 	 	 	 	 	1	0
	247	0	9	 	 	 	 	 	1	0
	248	0	9	 	 	 	 	 	1	0
	249	0	9	 	 	 	 	 	1	0
	250	0	7	 	 	 	 	 	1	0
	251	0	7	 	 	 	 	 	1	0
	252	0	9	 	 	 	 	 	1	5
	253	0	7	 	 	 	 	 	1	0
	254	0	9	 	 	 	 	 	1	0
	255	0	9	 	 	 	 	 	1	0
	256	0	7	 	 	 	 	 	1	0
	257	0	9	 	 	 	 	 	1	0
	258	0	9	 	 	 	 	 	1	0
	259	0	9	 	 	 	 	 	1	0
	260	0	9	 	 	 	 	 	1	0
	261	0	9	 	 	 	 	 	1	0
	262	0	9	 	 	 	 	 	1	0
	263	0	7	 	 	 	 	 	1	0
	264	0	7	 	 	 	 	 	1	0
	265	0	9	 	 	 	 	 	1	0
	266	0	9	 	 	 	 	 	1	0
	267	0	7	 	 	 	 	 	1	0
	268	0	7	 	 	 	 	 	1	0
	269	0	9	 	 	 	 	 	1	0
	270	0	7	 	 	 	 	 	1	0
	271	0	3	 	 	 	 	 	1	0
	272	0	6	 	 	 	 	 	1	0
	273	0	3	 	 	 	 	 	1	0
	274	0	7	 	 	 	 	 	1	0
	275	0	9	 	 	 	 	 	1	0
	276	0	3	 	 	 	 	 	1	0
	277	0	9	 	 	 	 	 	1	0
	278	0	7	 	 	 	 	 	1	0
	279	0	7	 	 	 	 	 	1	0
	280	0	9	 	 	 	 	 	1	0
	281	0	9	 	 	 	 	 	1	0
	282	0	3	 	 	 	 	 	1	0
	283	0	3	 	 	 	 	 	1	0
	284	0	7	 	 	 	 	 	1	0
	285	0	9	 	 	 	 	 	1	0
	286	0	9	 	 	 	 	 	1	0
	287	0	7	 	 	 	 	 	1	0
	288	0	6	 	 	 	 	 	1	0
	289	0	6	 	 	 	 	 	1	0
	290	0	9	 	 	 	 	 	1	0
	291	0	9	 	 	 	 	 	1	0
	292	0	9	 	 	 	 	 	1	0
	293	0	3	 	 	 	 	 	1	0
	294	0	9	 	 	 	 	 	1	0
	295	0	6	 	 	 	 	 	1	5
	296	0	7	 	 	 	 	 	1	0
	297	0	9	 	 	 	 	 	1	0
	298	0	3	 	 	 	 	 	1	0
	299	0	3	 	 	 	 	 	1	0
	300	0	3	 	 	 	 	 	1	0
	301	0	9	 	 	 	 	 	1	0
	302	0	9	 	 	 	 	 	1	0
	303	0	7	 	 	 	 	 	1	0
	304	0	7	 	 	 	 	 	1	0
	305	0	9	 	 	 	 	 	1	0
	306	0	7	 	 	 	 	 	1	0
	307	0	7	 	 	 	 	 	1	0
	308	0	9	 	 	 	 	 	1	0
	309	0	7	 	 	 	 	 	1	0
	310	0	9	 	 	 	 	 	1	0
	311	0	6	 	 	 	 	 	1	0
	312	0	7	 	 	 	 	 	1	0
	313	0	7	 	 	 	 	 	1	0
	314	0	9	 	 	 	 	 	1	0
	315	0	3	 	 	 	 	 	1	0
	316	0	3	 	 	 	 	 	1	0
	317	0	9	 	 	 	 	 	1	0
	318	0	7	 	 	 	 	 	1	0
	319	0	9	 	 	 	 	 	1	5
	320	0	6	 	 	 	 	 	1	0
	321	0	9	 	 	 	 	 	1	0
	322	0	7	 	 	 	 	 	1	0
	323	0	7	 	 	 	 	 	1	5
	324	0	9	 	 	 	 	 	1	0
	325	0	7	 	 	 	 	 	1	0
	326	0	9	 	 	 	 	 	1	0
	327	0	6	 	 	 	 	 	1	0
	328	0	3	 	 	 	 	 	1	5
	329	0	9	 	 	 	 	 	1	0
	330	0	7	 	 	 	 	 	1	4
	331	0	7	 	 	 	 	 	1	0
	332	0	7	 	 	 	 	 	1	0
	333	0	7	 	 	 	 	 	1	0
	334	0	6	 	 	 	 	 	1	0
	335	0	6	 	 	 	 	 	1	0
	336	0	7	 	 	 	 	 	1	0
	337	0	7	 	 	 	 	 	1	5
	338	0	6	 	 	 	 	 	1	0
	339	0	7	 	 	 	 	 	1	0
	340	0	7	 	 	 	 	 	1	0
	341	0	7	 	 	 	 	 	1	0
	342	0	7	 	 	 	 	 	1	0
	343	0	7	 	 	 	 	 	1	0
	344	0	3	 	 	 	 	 	1	5

 

	 	19	20	21	22	23	24	25	26	27
	 	Senior Loan
 Amount(s)	Loan Type of Most
 Senior Lien	Hybrid Period of
 Most Senior Lien (in
 months)	Neg Am Limit of
 Most Senior Lien	Junior Mortgage
 Balance	Origination Date of
 Most Senior Lien	Origination Date	Original Loan
 Amount	Original Interest
 Rate
	1	0	 	 	 	0.00	 	20100930	283000.00	0.041500
	2	0	 	 	 	0.00	 	20120725	672000.00	0.040000
	3	0	 	 	 	176000.00	 	20120910	1000000.00	0.038000
	4	0	 	 	 	230000.00	 	20101122	2500000.00	0.047500
	5	0	 	 	 	100000.00	 	20101104	729750.00	0.042500
	6	0	 	 	 	0.00	 	20101123	3358688.00	0.042500
	7	0	 	 	 	0.00	 	20101112	715000.00	0.044000
	8	0	 	 	 	500000.00	 	20101207	297000.00	0.041500
	9	0	 	 	 	18500.00	 	20110127	57077.00	0.046000
	10	0	 	 	 	228750.00	 	20110330	423750.00	0.047000
	11	0	 	 	 	658000.00	 	20110214	729500.00	0.047500
	12	0	 	 	 	0.00	 	20110208	268000.00	0.046500
	13	0	 	 	 	0.00	 	20110228	350000.00	0.047000
	14	0	 	 	 	500000.00	 	20110504	125000.00	0.034000
	15	0	 	 	 	0.00	 	20110516	1100000.00	0.050000
	16	0	 	 	 	0.00	 	20110526	2000000.00	0.050000
	17	0	 	 	 	0.00	 	20111209	417000.00	0.037000
	18	0	 	 	 	0.00	 	20110728	1100000.00	0.046000
	19	0	 	 	 	0.00	 	20110630	475000.00	0.048000
	20	0	 	 	 	0.00	 	20120214	1000000.00	0.050000
	21	0	 	 	 	0.00	 	20110712	660000.00	0.042500
	22	0	 	 	 	0.00	 	20110715	500000.00	0.041000
	23	0	 	 	 	0.00	 	20110909	720000.00	0.039500
	24	0	 	 	 	0.00	 	20111123	1500000.00	0.043500
	25	0	 	 	 	250000.00	 	20111003	645000.00	0.041000
	26	0	 	 	 	245000.00	 	20110930	415000.00	0.038500
	27	0	 	 	 	250000.00	 	20111202	684000.00	0.041500
	28	0	 	 	 	0.00	 	20110927	729750.00	0.041500
	29	0	 	 	 	110250.00	 	20111222	720000.00	0.040000
	30	0	 	 	 	0.00	 	20111025	410000.00	0.042000
	31	0	 	 	 	0.00	 	20111206	410000.00	0.042500
	32	0	 	 	 	0.00	 	20111005	800000.00	0.041250
	33	0	 	 	 	0.00	 	20120302	146250.00	0.041000
	34	0	 	 	 	0.00	 	20111027	200000.00	0.042000
	35	0	 	 	 	0.00	 	20111227	400000.00	0.037500
	36	0	 	 	 	208000.00	 	20120412	1100000.00	0.044000
	37	0	 	 	 	0.00	 	20111227	222000.00	0.038500
	38	0	 	 	 	0.00	 	20111005	720000.00	0.038750
	39	0	 	 	 	0.00	 	20111104	417000.00	0.040000
	40	0	 	 	 	0.00	 	20111205	1090000.00	0.044000
	41	0	 	 	 	65000.00	 	20111227	545000.00	0.042000
	42	0	 	 	 	106650.00	 	20111021	568800.00	0.042500
	43	0	 	 	 	0.00	 	20111107	530149.00	0.042000
	44	0	 	 	 	0.00	 	20111121	161250.00	0.037500
	45	0	 	 	 	0.00	 	20111130	162000.00	0.037500
	46	0	 	 	 	0.00	 	20111121	461300.00	0.030000
	47	0	 	 	 	0.00	 	20111121	159750.00	0.030000
	48	0	 	 	 	0.00	 	20111207	251000.00	0.040000
	49	0	 	 	 	187000.00	 	20111114	729000.00	0.041250
	50	0	 	 	 	573000.00	 	20111214	417000.00	0.040000
	51	0	 	 	 	0.00	 	20111221	468800.00	0.042000
	52	0	 	 	 	710000.00	 	20120312	417000.00	0.040000
	53	0	 	 	 	0.00	 	20111222	3000000.00	0.045000
	54	0	 	 	 	0.00	 	20120117	200000.00	0.047500
	55	0	 	 	 	0.00	 	20120319	678000.00	0.043500
	56	0	 	 	 	0.00	 	20120531	826000.00	0.041250
	57	0	 	 	 	0.00	 	20120301	165000.00	0.046500
	58	0	 	 	 	0.00	 	20120301	197000.00	0.046500
	59	0	 	 	 	0.00	 	20120301	270000.00	0.046500
	60	0	 	 	 	0.00	 	20120125	2500000.00	0.043000
	61	0	 	 	 	0.00	 	20120412	2400000.00	0.036000
	62	0	 	 	 	1000000.00	 	20120203	417000.00	0.036000
	63	0	 	 	 	0.00	 	20120403	340000.00	0.037500
	64	0	 	 	 	0.00	 	20120127	392000.00	0.040000
	65	0	 	 	 	0.00	 	20120210	417000.00	0.037500
	66	0	 	 	 	0.00	 	20120320	205000.00	0.038500
	67	0	 	 	 	0.00	 	20120605	650000.00	0.043500
	68	0	 	 	 	0.00	 	20120210	850000.00	0.042000
	69	0	 	 	 	0.00	 	20120426	1900000.00	0.040500
	70	0	 	 	 	0.00	 	20120330	187500.00	0.042500
	71	0	 	 	 	0.00	 	20120426	920000.00	0.041000
	72	0	 	 	 	0.00	 	20120316	355000.00	0.036000
	73	0	 	 	 	0.00	 	20120228	154000.00	0.041500
	74	0	 	 	 	0.00	 	20120410	300000.00	0.038500
	75	0	 	 	 	500000.00	 	20120330	625000.00	0.036500
	76	0	 	 	 	0.00	 	20120509	600000.00	0.041000
	77	0	 	 	 	200000.00	 	20120416	727000.00	0.041000
	78	0	 	 	 	0.00	 	20120905	678750.00	0.041500
	79	0	 	 	 	0.00	 	20120419	250000.00	0.038000
	80	0	 	 	 	275000.00	 	20120417	1300500.00	0.040000
	81	0	 	 	 	0.00	 	20120315	1000000.00	0.041250
	82	0	 	 	 	200000.00	 	20120405	348000.00	0.036500
	83	0	 	 	 	0.00	 	20120309	512625.00	0.041500
	84	0	 	 	 	0.00	 	20120417	706000.00	0.039500
	85	0	 	 	 	250000.00	 	20120620	1000000.00	0.040000
	86	0	 	 	 	500000.00	 	20120801	1000000.00	0.039500
	87	0	 	 	 	250000.00	 	20120416	625000.00	0.037500
	88	0	 	 	 	787500.00	 	20120424	1800000.00	0.040000
	89	0	 	 	 	0.00	 	20120409	825000.00	0.042000
	90	0	 	 	 	0.00	 	20120830	992000.00	0.040000
	91	0	 	 	 	0.00	 	20120410	895000.00	0.040500
	92	0	 	 	 	350000.00	 	20120504	350000.00	0.035500
	93	0	 	 	 	0.00	 	20120503	1500000.00	0.042500
	94	0	 	 	 	0.00	 	20120413	265000.00	0.035000
	95	0	 	 	 	0.00	 	20120518	312000.00	0.041000
	96	0	 	 	 	400000.00	 	20120702	895000.00	0.039000
	97	0	 	 	 	100000.00	 	20120502	1400000.00	0.040000
	98	0	 	 	 	0.00	 	20120426	161000.00	0.037500
	99	0	 	 	 	0.00	 	20120418	857000.00	0.040000
	100	0	 	 	 	0.00	 	20120515	1100000.00	0.035000
	101	0	 	 	 	0.00	 	20120612	900000.00	0.042000
	102	0	 	 	 	0.00	 	20120418	244000.00	0.038000
	103	0	 	 	 	0.00	 	20120417	880000.00	0.041500
	104	0	 	 	 	0.00	 	20120611	2000000.00	0.038500
	105	0	 	 	 	0.00	 	20120510	625500.00	0.037000
	106	0	 	 	 	0.00	 	20120507	417000.00	0.037500
	107	0	 	 	 	0.00	 	20120524	125000.00	0.038750
	108	0	 	 	 	0.00	 	20120727	800000.00	0.041500
	109	0	 	 	 	0.00	 	20120907	1380000.00	0.038500
	110	0	 	 	 	0.00	 	20120628	950000.00	0.042000
	111	0	 	 	 	0.00	 	20120628	700000.00	0.042000
	112	0	 	 	 	0.00	 	20120809	3375000.00	0.037500
	113	0	 	 	 	140000.00	 	20120720	180000.00	0.037000
	114	0	 	 	 	0.00	 	20120521	1000000.00	0.041000
	115	0	 	 	 	0.00	 	20120531	384000.00	0.038500
	116	0	 	 	 	0.00	 	20120510	800000.00	0.041500
	117	0	 	 	 	0.00	 	20120607	993750.00	0.041250
	118	0	 	 	 	0.00	 	20120614	150000.00	0.035500
	119	0	 	 	 	0.00	 	20120612	265000.00	0.039500
	120	0	 	 	 	0.00	 	20120605	404000.00	0.038000
	121	0	 	 	 	250000.00	 	20120720	1100000.00	0.042000
	122	0	 	 	 	0.00	 	20120529	920000.00	0.039500
	123	0	 	 	 	0.00	 	20120607	900000.00	0.042500
	124	0	 	 	 	155000.00	 	20120614	721000.00	0.042000
	125	0	 	 	 	850000.00	 	20120612	890000.00	0.041000
	126	0	 	 	 	0.00	 	20120618	1275000.00	0.041500
	127	0	 	 	 	0.00	 	20120614	1000000.00	0.042000
	128	0	 	 	 	0.00	 	20120824	1100000.00	0.038000
	129	0	 	 	 	0.00	 	20120530	2680000.00	0.038000
	130	0	 	 	 	200000.00	 	20120524	1200000.00	0.041500
	131	0	 	 	 	0.00	 	20120731	1125000.00	0.041500
	132	0	 	 	 	0.00	 	20120525	925000.00	0.042000
	133	0	 	 	 	0.00	 	20120626	675000.00	0.040500
	134	0	 	 	 	150000.00	 	20120719	724000.00	0.040000
	135	0	 	 	 	0.00	 	20120606	984000.00	0.042500
	136	0	 	 	 	100000.00	 	20120605	1700000.00	0.042000
	137	0	 	 	 	0.00	 	20120626	935000.00	0.043000
	138	0	 	 	 	0.00	 	20120625	550000.00	0.043000
	139	0	 	 	 	0.00	 	20120604	798750.00	0.039500
	140	0	 	 	 	0.00	 	20120612	835000.00	0.040000
	141	0	 	 	 	250000.00	 	20120622	830000.00	0.033750
	142	0	 	 	 	0.00	 	20121004	1609300.00	0.038000
	143	0	 	 	 	0.00	 	20120525	1230000.00	0.040000
	144	0	 	 	 	0.00	 	20120529	1200000.00	0.042500
	145	0	 	 	 	0.00	 	20120611	755000.00	0.043500
	146	0	 	 	 	0.00	 	20120703	750000.00	0.043500
	147	0	 	 	 	0.00	 	20120626	1524000.00	0.040500
	148	0	 	 	 	100000.00	 	20120702	815000.00	0.043500
	149	0	 	 	 	0.00	 	20120621	585000.00	0.043500
	150	0	 	 	 	1200000.00	 	20120604	1000000.00	0.040000
	151	0	 	 	 	0.00	 	20120928	1075000.00	0.039000
	152	0	 	 	 	0.00	 	20120606	3600000.00	0.037500
	153	0	 	 	 	0.00	 	20120604	900000.00	0.043000
	154	0	 	 	 	0.00	 	20120712	1300000.00	0.043000
	155	0	 	 	 	0.00	 	20120615	122000.00	0.038000
	156	0	 	 	 	0.00	 	20120710	790000.00	0.040000
	157	0	 	 	 	0.00	 	20120531	2310000.00	0.042000
	158	0	 	 	 	0.00	 	20120730	1687500.00	0.039000
	159	0	 	 	 	105000.00	 	20120702	815000.00	0.040500
	160	0	 	 	 	0.00	 	20120706	1500000.00	0.040500
	161	0	 	 	 	439200.00	 	20120606	1000000.00	0.041000
	162	0	 	 	 	0.00	 	20120604	3000000.00	0.039500
	163	0	 	 	 	150000.00	 	20120626	1100000.00	0.033750
	164	0	 	 	 	0.00	 	20120622	1050000.00	0.040500
	165	0	 	 	 	0.00	 	20120629	1425000.00	0.043000
	166	0	 	 	 	250000.00	 	20120613	840000.00	0.038500
	167	0	 	 	 	200000.00	 	20120620	1000000.00	0.041500
	168	0	 	 	 	0.00	 	20120801	2100000.00	0.032500
	169	0	 	 	 	0.00	 	20120715	940000.00	0.041500
	170	0	 	 	 	708000.00	 	20120613	500000.00	0.042000
	171	0	 	 	 	0.00	 	20120619	60000.00	0.042500
	172	0	 	 	 	0.00	 	20120622	1500000.00	0.041500
	173	0	 	 	 	0.00	 	20120727	1157600.00	0.038000
	174	0	 	 	 	0.00	 	20120720	620000.00	0.042500
	175	0	 	 	 	0.00	 	20120620	1560000.00	0.038500
	176	0	 	 	 	0.00	 	20120705	940000.00	0.040500
	177	0	 	 	 	50000.00	 	20120803	910000.00	0.040500
	178	0	 	 	 	0.00	 	20120823	680000.00	0.041500
	179	0	 	 	 	200000.00	 	20120731	600000.00	0.038000
	180	0	 	 	 	0.00	 	20120807	807500.00	0.042000
	181	0	 	 	 	500000.00	 	20120719	835000.00	0.042000
	182	0	 	 	 	0.00	 	20120713	290000.00	0.038000
	183	0	 	 	 	1115000.00	 	20120625	3500000.00	0.040500
	184	0	 	 	 	0.00	 	20120724	1040000.00	0.043000
	185	0	 	 	 	1000000.00	 	20120716	2000000.00	0.038500
	186	0	 	 	 	0.00	 	20120628	1150000.00	0.040500
	187	0	 	 	 	0.00	 	20120720	960000.00	0.041000
	188	0	 	 	 	414000.00	 	20120718	1500000.00	0.033750
	189	0	 	 	 	0.00	 	20120723	925000.00	0.040500
	190	0	 	 	 	400000.00	 	20120822	1485000.00	0.039000
	191	0	 	 	 	0.00	 	20121001	653600.00	0.037000
	192	0	 	 	 	0.00	 	20120702	1344000.00	0.038000
	193	0	 	 	 	0.00	 	20120703	850000.00	0.038000
	194	0	 	 	 	0.00	 	20120716	1120000.00	0.039500
	195	0	 	 	 	300000.00	 	20120913	1200000.00	0.039500
	196	0	 	 	 	0.00	 	20120628	1500000.00	0.040500
	197	0	 	 	 	0.00	 	20120628	500000.00	0.043000
	198	0	 	 	 	0.00	 	20120725	941000.00	0.040500
	199	0	 	 	 	0.00	 	20120809	330000.00	0.034500
	200	0	 	 	 	740000.00	 	20120802	1560000.00	0.040000
	201	0	 	 	 	0.00	 	20120713	799200.00	0.039000
	202	0	 	 	 	0.00	 	20120710	767200.00	0.039500
	203	0	 	 	 	0.00	 	20120821	1800000.00	0.042000
	204	0	 	 	 	0.00	 	20120904	1135000.00	0.040000
	205	0	 	 	 	750000.00	 	20120813	890000.00	0.039000
	206	0	 	 	 	0.00	 	20120705	1108000.00	0.038000
	207	0	 	 	 	0.00	 	20120702	1165500.00	0.039000
	208	0	 	 	 	0.00	 	20120730	800000.00	0.039500
	209	0	 	 	 	0.00	 	20120816	950000.00	0.041000
	210	0	 	 	 	0.00	 	20120830	3150000.00	0.041000
	211	0	 	 	 	0.00	 	20120727	1188000.00	0.040000
	212	0	 	 	 	0.00	 	20120713	2000000.00	0.039000
	213	0	 	 	 	0.00	 	20120712	700000.00	0.040500
	214	0	 	 	 	0.00	 	20120918	525000.00	0.040000
	215	0	 	 	 	0.00	 	20120806	1100000.00	0.039000
	216	0	 	 	 	0.00	 	20120814	1200000.00	0.033000
	217	0	 	 	 	100000.00	 	20120816	850000.00	0.040000
	218	0	 	 	 	100000.00	 	20120912	1000000.00	0.043000
	219	0	 	 	 	0.00	 	20120823	1335000.00	0.044500
	220	0	 	 	 	0.00	 	20120817	620680.00	0.039500
	221	0	 	 	 	0.00	 	20120807	872000.00	0.039500
	222	0	 	 	 	0.00	 	20120724	727500.00	0.041000
	223	0	 	 	 	0.00	 	20120718	1048000.00	0.040500
	224	0	 	 	 	0.00	 	20120716	860000.00	0.039000
	225	0	 	 	 	0.00	 	20120822	1090000.00	0.039000
	226	0	 	 	 	0.00	 	20120817	650000.00	0.046500
	227	0	 	 	 	100000.00	 	20120830	800000.00	0.042000
	228	0	 	 	 	0.00	 	20120724	1060000.00	0.040500
	229	0	 	 	 	142000.00	 	20120815	1087945.00	0.039000
	230	0	 	 	 	0.00	 	20120830	2350000.00	0.038500
	231	0	 	 	 	50000.00	 	20120803	995000.00	0.041500
	232	0	 	 	 	0.00	 	20120918	1180000.00	0.038500
	233	0	 	 	 	0.00	 	20120829	580000.00	0.040000
	234	0	 	 	 	100000.00	 	20120822	988000.00	0.040500
	235	0	 	 	 	0.00	 	20121001	711000.00	0.040000
	236	0	 	 	 	100000.00	 	20120828	1000000.00	0.037500
	237	0	 	 	 	0.00	 	20120726	936000.00	0.040000
	238	0	 	 	 	0.00	 	20120801	1088000.00	0.038500
	239	0	 	 	 	0.00	 	20120906	597023.00	0.040000
	240	0	 	 	 	1250000.00	 	20120913	925000.00	0.038500
	241	0	 	 	 	0.00	 	20120824	1090000.00	0.040500
	242	0	 	 	 	250000.00	 	20120907	718000.00	0.040500
	243	0	 	 	 	150000.00	 	20120726	850000.00	0.039500
	244	0	 	 	 	0.00	 	20120905	810000.00	0.037500
	245	0	 	 	 	0.00	 	20120914	900000.00	0.038000
	246	0	 	 	 	0.00	 	20120807	1341600.00	0.039500
	247	0	 	 	 	0.00	 	20120831	1000000.00	0.038000
	248	0	 	 	 	0.00	 	20120904	913000.00	0.038500
	249	0	 	 	 	400000.00	 	20120822	950000.00	0.040000
	250	0	 	 	 	0.00	 	20120731	825000.00	0.039000
	251	0	 	 	 	0.00	 	20120801	900000.00	0.039500
	252	0	 	 	 	0.00	 	20120920	159000.00	0.037500
	253	0	 	 	 	0.00	 	20120810	1200000.00	0.034000
	254	0	 	 	 	0.00	 	20120907	225000.00	0.039000
	255	0	 	 	 	500000.00	 	20121002	1100000.00	0.040000
	256	0	 	 	 	0.00	 	20120806	999200.00	0.039500
	257	0	 	 	 	0.00	 	20120906	970000.00	0.038000
	258	0	 	 	 	0.00	 	20120822	2000000.00	0.042000
	259	0	 	 	 	0.00	 	20120824	978000.00	0.041000
	260	0	 	 	 	0.00	 	20120820	857000.00	0.042000
	261	0	 	 	 	150000.00	 	20120828	1257000.00	0.039000
	262	0	 	 	 	0.00	 	20121001	787500.00	0.038500
	263	0	 	 	 	0.00	 	20120905	2000000.00	0.037000
	264	0	 	 	 	0.00	 	20120813	1837500.00	0.038500
	265	0	 	 	 	0.00	 	20120904	1000000.00	0.038000
	266	0	 	 	 	0.00	 	20120911	970000.00	0.040000
	267	0	 	 	 	0.00	 	20120810	2000000.00	0.038500
	268	0	 	 	 	0.00	 	20120802	920000.00	0.039500
	269	0	 	 	 	500000.00	 	20120928	890000.00	0.040000
	270	0	 	 	 	0.00	 	20120820	417000.00	0.037500
	271	0	 	 	 	0.00	 	20120830	765000.00	0.040000
	272	0	 	 	 	0.00	 	20120905	432000.00	0.038500
	273	0	 	 	 	500000.00	 	20120907	2000000.00	0.040500
	274	0	 	 	 	100000.00	 	20120928	1100000.00	0.039000
	275	0	 	 	 	750000.00	 	20120831	1000000.00	0.039500
	276	0	 	 	 	0.00	 	20120906	1100000.00	0.038500
	277	0	 	 	 	0.00	 	20120913	525000.00	0.043000
	278	0	 	 	 	275000.00	 	20120905	1300000.00	0.036000
	279	0	 	 	 	0.00	 	20120914	700000.00	0.038000
	280	0	 	 	 	0.00	 	20121005	579000.00	0.034500
	281	0	 	 	 	0.00	 	20120827	920000.00	0.038000
	282	0	 	 	 	0.00	 	20120919	812500.00	0.036000
	283	0	 	 	 	0.00	 	20120917	743000.00	0.037500
	284	0	 	 	 	0.00	 	20120817	1144000.00	0.036000
	285	0	 	 	 	0.00	 	20120917	666000.00	0.039000
	286	0	 	 	 	0.00	 	20121002	931000.00	0.039000
	287	0	 	 	 	0.00	 	20120928	581250.00	0.039000
	288	0	 	 	 	0.00	 	20120820	536000.00	0.037500
	289	0	 	 	 	0.00	 	20120904	993000.00	0.038000
	290	0	 	 	 	0.00	 	20120914	890000.00	0.039000
	291	0	 	 	 	0.00	 	20120829	1800000.00	0.042000
	292	0	 	 	 	0.00	 	20120917	720000.00	0.040000
	293	0	 	 	 	0.00	 	20120921	2000000.00	0.037500
	294	0	 	 	 	0.00	 	20120910	724000.00	0.039000
	295	0	 	 	 	0.00	 	20120816	1788000.00	0.035500
	296	0	 	 	 	0.00	 	20120810	750000.00	0.038500
	297	0	 	 	 	0.00	 	20120904	1000000.00	0.037500
	298	0	 	 	 	150000.00	 	20120910	790000.00	0.038000
	299	0	 	 	 	172500.00	 	20120910	1000000.00	0.038500
	300	0	 	 	 	250000.00	 	20120926	1000000.00	0.040000
	301	0	 	 	 	0.00	 	20120914	1385000.00	0.041500
	302	0	 	 	 	0.00	 	20120910	1090000.00	0.038000
	303	0	 	 	 	0.00	 	20120831	1500000.00	0.036500
	304	0	 	 	 	0.00	 	20120830	1500000.00	0.037500
	305	0	 	 	 	281000.00	 	20120919	707000.00	0.041000
	306	0	 	 	 	0.00	 	20120827	840000.00	0.037500
	307	0	 	 	 	215000.00	 	20121003	765000.00	0.037500
	308	0	 	 	 	0.00	 	20120924	1254000.00	0.038500
	309	0	 	 	 	0.00	 	20120817	1212000.00	0.036500
	310	0	 	 	 	0.00	 	20120927	635000.00	0.040000
	311	0	 	 	 	0.00	 	20120824	2000000.00	0.037000
	312	0	 	 	 	0.00	 	20120823	1000000.00	0.039500
	313	0	 	 	 	0.00	 	20120829	1500000.00	0.043000
	314	0	 	 	 	0.00	 	20121002	850000.00	0.036500
	315	0	 	 	 	0.00	 	20120917	750000.00	0.039000
	316	0	 	 	 	0.00	 	20120917	750000.00	0.039000
	317	0	 	 	 	0.00	 	20120917	500000.00	0.038000
	318	0	 	 	 	0.00	 	20120907	1650000.00	0.039500
	319	0	 	 	 	0.00	 	20120921	109500.00	0.042000
	320	0	 	 	 	0.00	 	20120830	720000.00	0.036500
	321	0	 	 	 	0.00	 	20120913	1380000.00	0.037500
	322	0	 	 	 	0.00	 	20120920	750000.00	0.039500
	323	0	 	 	 	0.00	 	20121004	1152000.00	0.039000
	324	0	 	 	 	235000.00	 	20120927	1980000.00	0.040500
	325	0	 	 	 	0.00	 	20120918	1100000.00	0.042500
	326	0	 	 	 	0.00	 	20120917	1197900.00	0.038500
	327	0	 	 	 	500000.00	 	20120912	1200000.00	0.037500
	328	0	 	 	 	0.00	 	20120907	1062000.00	0.046000
	329	0	 	 	 	700000.00	 	20120926	794000.00	0.040000
	330	0	 	 	 	490000.00	 	20120918	1376500.00	0.038500
	331	0	 	 	 	0.00	 	20120906	1080000.00	0.039000
	332	0	 	 	 	0.00	 	20121005	900000.00	0.037500
	333	0	 	 	 	0.00	 	20120918	1000000.00	0.035500
	334	0	 	 	 	0.00	 	20120914	1012000.00	0.039000
	335	0	 	 	 	0.00	 	20120917	795000.00	0.038000
	336	0	 	 	 	600000.00	 	20120921	1500000.00	0.036500
	337	0	 	 	 	0.00	 	20120924	760000.00	0.037500
	338	0	 	 	 	0.00	 	20120928	784800.00	0.036000
	339	0	 	 	 	0.00	 	20121001	1690000.00	0.037500
	340	0	 	 	 	0.00	 	20121002	788500.00	0.039500
	341	0	 	 	 	0.00	 	20121002	620000.00	0.037500
	342	0	 	 	 	0.00	 	20121005	1475000.00	0.035500
	343	0	 	 	 	0.00	 	20121003	2000000.00	0.037000
	344	0	 	 	 	0.00	 	20111202	475000.00	0.047500

 

	 	28	29	30	31	32	33	34	35	36
	 	Original
 Amortization Term	Original Term to
 Maturity	First Payment Date
 of Loan	Interest Type
 Indicator	Original Interest
 Only Term	Buy Down Period	HELOC Draw Period	Current Loan
 Amount	Current Interest
 Rate
	1	360	360	20101201	1	0	0	 	272219.98	0.041500
	2	360	360	20120901	1	0	0	 	667126.42	0.040000
	3	360	360	20121101	1	0	0	 	995507.07	0.038000
	4	360	360	20110101	1	0	0	 	2417515.10	0.047500
	5	360	360	20110101	1	0	0	 	703516.97	0.042500
	6	360	360	20110101	1	0	0	 	3237950.84	0.042500
	7	360	360	20110101	1	0	0	 	689945.52	0.044000
	8	360	360	20110201	1	0	0	 	286593.55	0.041500
	9	360	360	20110401	1	0	0	 	55385.67	0.046000
	10	360	360	20110501	1	0	0	 	411997.42	0.047000
	11	360	360	20110401	1	0	0	 	708446.24	0.047500
	12	360	360	20110401	1	0	0	 	260129.51	0.046500
	13	360	360	20110501	1	0	0	 	336442.67	0.047000
	14	360	360	20110701	1	0	0	 	121097.76	0.034000
	15	360	360	20110701	1	120	0	 	1100000.00	0.046500
	16	360	360	20110801	1	0	0	 	1953160.08	0.046000
	17	360	360	20120201	1	0	0	 	409266.05	0.037000
	18	360	360	20110901	1	0	0	 	1075062.85	0.046000
	19	360	360	20110801	1	0	0	 	463970.69	0.048000
	20	360	360	20110901	1	0	0	 	977401.28	0.043000
	21	360	360	20110901	1	0	0	 	644095.89	0.042500
	22	360	360	20110901	1	0	0	 	487635.15	0.041000
	23	360	360	20111101	1	0	0	 	703932.98	0.039500
	24	360	360	20120101	1	0	0	 	1473032.56	0.043500
	25	360	360	20111201	1	0	0	 	631931.94	0.041000
	26	360	360	20111201	1	0	0	 	406220.96	0.038500
	27	360	360	20120201	1	0	0	 	672265.05	0.041500
	28	360	360	20111201	1	0	0	 	715092.66	0.041500
	29	360	360	20120201	1	0	0	 	707320.41	0.040000
	30	360	360	20111201	1	0	0	 	401836.17	0.042000
	31	360	360	20120201	1	0	0	 	402060.51	0.042500
	32	360	360	20111201	1	0	0	 	783474.05	0.037500
	33	360	360	20120501	1	0	0	 	144361.41	0.041000
	34	360	360	20120101	1	0	0	 	196308.60	0.042000
	35	360	360	20120301	1	0	0	 	393268.31	0.037500
	36	360	360	20120201	1	0	0	 	1069763.60	0.041000
	37	360	360	20120301	1	0	0	 	218327.87	0.038500
	38	360	360	20111201	1	0	0	 	704834.30	0.038750
	39	360	360	20120101	1	0	0	 	409031.07	0.040000
	40	360	360	20120201	1	0	0	 	1072102.33	0.044000
	41	360	360	20120301	1	0	0	 	536518.47	0.042000
	42	360	360	20120101	1	0	0	 	558393.08	0.042500
	43	360	360	20120101	1	0	0	 	520364.21	0.042000
	44	360	360	20120101	1	0	0	 	158031.72	0.037500
	45	360	360	20120201	1	0	0	 	159021.15	0.037500
	46	360	360	20120101	1	0	0	 	450853.29	0.030000
	47	360	360	20120101	1	0	0	 	156132.15	0.030000
	48	360	360	20120201	1	0	0	 	246579.70	0.040000
	49	360	360	20120101	1	0	0	 	715367.99	0.041250
	50	360	360	20120201	1	0	0	 	409656.38	0.040000
	51	360	360	20120201	1	0	0	 	460827.04	0.042000
	52	360	360	20120501	1	0	0	 	411519.87	0.040000
	53	360	360	20120201	1	0	0	 	2951603.20	0.045000
	54	360	360	20120301	1	0	0	 	197176.61	0.047500
	55	360	360	20120501	1	0	0	 	669622.47	0.043500
	56	360	360	20120701	1	0	0	 	817768.65	0.041250
	57	360	360	20120501	1	0	0	 	163067.33	0.046500
	58	360	360	20120501	1	0	0	 	194692.56	0.046500
	59	360	360	20120501	1	0	0	 	266837.57	0.046500
	60	360	360	20120401	1	0	0	 	2460255.96	0.043000
	61	360	360	20120601	1	0	0	 	2369994.44	0.036000
	62	360	360	20120401	1	0	0	 	410463.45	0.036000
	63	360	360	20120601	1	0	0	 	335858.10	0.037500
	64	360	360	20120301	1	0	0	 	385682.59	0.040000
	65	360	360	20120401	1	0	0	 	410630.20	0.037500
	66	360	360	20120501	1	0	0	 	202234.54	0.038500
	67	360	360	20120801	1	0	0	 	644674.76	0.043500
	68	360	360	20120401	1	0	0	 	837995.64	0.042000
	69	360	360	20120701	1	0	0	 	1880813.86	0.040500
	70	360	360	20120501	1	0	0	 	185141.84	0.042500
	71	360	360	20120601	1	0	0	 	909457.80	0.041000
	72	360	360	20120501	1	0	0	 	349999.28	0.036000
	73	360	360	20120401	1	0	0	 	151805.90	0.041500
	74	360	360	20120601	1	0	0	 	296408.43	0.038500
	75	360	360	20120601	1	0	0	 	617253.19	0.036500
	76	360	360	20120701	1	0	0	 	593994.32	0.041000
	77	360	360	20120601	1	0	0	 	718669.33	0.041000
	78	360	360	20121101	1	0	0	 	675883.85	0.041500
	79	360	360	20120601	1	0	0	 	246980.83	0.038000
	80	360	360	20120601	1	0	0	 	1285333.62	0.040000
	81	360	360	20120501	1	0	0	 	987143.24	0.041250
	82	360	360	20120601	1	0	0	 	342921.12	0.036500
	83	360	360	20120501	1	0	0	 	506063.20	0.041500
	84	360	360	20120601	1	0	0	 	692770.48	0.039500
	85	360	360	20120801	1	0	0	 	991282.68	0.040000
	86	360	360	20121001	1	0	0	 	994156.37	0.039500
	87	360	360	20120701	1	0	0	 	618348.41	0.037500
	88	360	360	20120701	1	120	0	 	1800000.00	0.040000
	89	360	360	20120601	1	0	0	 	815711.62	0.042000
	90	360	360	20121101	1	0	0	 	987697.81	0.040000
	91	360	360	20120601	1	0	0	 	884653.71	0.040500
	92	360	360	20120701	1	0	0	 	346143.68	0.035500
	93	360	360	20120701	1	0	0	 	1485379.18	0.042500
	94	360	360	20120601	1	0	0	 	261629.32	0.035000
	95	360	360	20120701	1	0	0	 	300850.26	0.041000
	96	360	360	20120901	1	0	0	 	888393.74	0.039000
	97	360	360	20120701	1	0	0	 	1385737.95	0.040000
	98	360	360	20120601	1	0	0	 	159038.69	0.037500
	99	360	360	20120601	1	0	0	 	847005.72	0.040000
	100	360	360	20120701	1	0	0	 	1087775.28	0.035000
	101	360	360	20120801	1	0	0	 	892427.05	0.042000
	102	360	360	20120601	1	0	0	 	241053.31	0.038000
	103	360	360	20120601	1	0	0	 	870004.62	0.041500
	104	360	360	20120801	1	0	0	 	1982099.95	0.038500
	105	360	360	20120701	1	0	0	 	613806.19	0.037000
	106	360	360	20120701	1	0	0	 	412562.05	0.037500
	107	360	360	20120701	1	0	0	 	123698.37	0.038750
	108	360	360	20121001	1	0	0	 	795488.01	0.041500
	109	360	360	20121101	1	0	0	 	1373854.15	0.038500
	110	360	360	20120901	1	0	0	 	943350.26	0.042000
	111	360	360	20120901	1	0	0	 	695100.17	0.042000
	112	360	360	20121001	1	120	0	 	3370000.00	0.037500
	113	360	360	20120901	1	0	0	 	177611.60	0.037000
	114	360	360	20120701	1	0	0	 	989990.60	0.041000
	115	360	360	20120701	1	0	0	 	379983.90	0.038500
	116	360	360	20120701	1	0	0	 	792062.89	0.041500
	117	360	360	20120801	1	0	0	 	985276.30	0.041250
	118	360	360	20120801	1	0	0	 	148585.46	0.035500
	119	360	360	20120801	1	0	0	 	262669.45	0.039500
	120	360	360	20120801	1	0	0	 	400352.41	0.038000
	121	360	360	20120901	1	120	0	 	1100000.00	0.042000
	122	360	360	20120801	1	0	0	 	911909.17	0.039500
	123	360	360	20120801	1	120	0	 	900000.00	0.042500
	124	360	360	20120801	1	0	0	 	714933.21	0.042000
	125	360	360	20120801	1	0	0	 	882377.33	0.041000
	126	360	360	20120901	1	0	0	 	1265995.72	0.041500
	127	360	360	20120801	1	120	0	 	1000000.00	0.042000
	128	360	360	20121101	1	0	0	 	1095057.76	0.038000
	129	360	360	20120701	1	0	0	 	2651725.59	0.038000
	130	360	360	20120801	1	120	0	 	1200000.00	0.041500
	131	360	360	20120901	1	0	0	 	1117055.02	0.041500
	132	360	360	20120701	1	0	0	 	914653.84	0.042000
	133	360	360	20120901	1	0	0	 	670147.74	0.040500
	134	360	360	20120901	1	0	0	 	718749.33	0.040000
	135	360	360	20120801	1	0	0	 	975793.49	0.042500
	136	360	360	20120801	1	0	0	 	1685695.55	0.042000
	137	360	360	20120901	1	0	0	 	928570.92	0.043000
	138	360	360	20120801	1	0	0	 	539990.12	0.043000
	139	360	360	20120801	1	0	0	 	791725.50	0.039500
	140	360	360	20120801	1	0	0	 	827721.05	0.040000
	141	360	360	20120901	1	0	0	 	823287.22	0.033750
	142	360	360	20121201	1	0	0	 	1604487.31	0.038000
	143	360	360	20120701	1	0	0	 	1217469.79	0.040000
	144	360	360	20120801	1	0	0	 	1189992.07	0.042500
	145	360	360	20120801	1	0	0	 	748814.54	0.043500
	146	360	360	20120901	1	0	0	 	744888.87	0.043500
	147	360	360	20120801	1	0	0	 	1510831.47	0.040500
	148	360	360	20120901	1	120	0	 	815000.00	0.043500
	149	360	360	20120801	1	0	0	 	580207.31	0.043500
	150	360	360	20120801	1	0	0	 	814442.67	0.040000
	151	360	360	20121101	1	0	0	 	1070254.54	0.039000
	152	360	360	20120801	1	120	0	 	3600000.00	0.037500
	153	360	360	20120801	1	120	0	 	900000.00	0.043000
	154	360	360	20120901	1	0	0	 	1291061.17	0.043000
	155	360	360	20120801	1	0	0	 	120898.50	0.038000
	156	360	360	20120901	1	0	0	 	784270.64	0.040000
	157	360	360	20120801	1	0	0	 	2290562.82	0.042000
	158	360	360	20120901	1	0	0	 	1675044.12	0.039000
	159	360	360	20120901	1	0	0	 	809141.37	0.040500
	160	360	360	20120901	1	0	0	 	1489217.27	0.040500
	161	360	360	20120801	1	0	0	 	991435.19	0.041000
	162	360	360	20120801	1	0	0	 	2973616.99	0.039500
	163	360	360	20120901	1	120	0	 	1100000.00	0.033750
	164	360	360	20120801	1	0	0	 	1040927.17	0.040500
	165	360	360	20120901	1	0	0	 	1415201.68	0.043000
	166	360	360	20120801	1	0	0	 	832481.98	0.038500
	167	360	360	20120801	1	0	0	 	991510.65	0.041500
	168	360	360	20121001	1	120	0	 	2100000.00	0.032500
	169	360	360	20120901	1	0	0	 	933361.51	0.041500
	170	360	360	20120801	1	0	0	 	495792.81	0.042000
	171	360	360	20120801	1	0	0	 	59293.28	0.042500
	172	360	360	20120801	1	0	0	 	1487266.03	0.041500
	173	360	360	20120901	1	0	0	 	1148904.11	0.038000
	174	360	360	20120901	1	0	0	 	615698.66	0.042500
	175	360	360	20120801	1	0	0	 	1502315.39	0.038500
	176	360	360	20120901	1	0	0	 	933242.79	0.040500
	177	360	360	20121001	1	0	0	 	904775.58	0.040500
	178	360	360	20121001	1	0	0	 	676164.80	0.041500
	179	360	360	20120901	1	0	0	 	595492.79	0.038000
	180	360	360	20121001	1	0	0	 	802986.09	0.042000
	181	360	360	20120901	1	0	0	 	829155.23	0.042000
	182	360	360	20120901	1	0	0	 	287821.51	0.038000
	183	360	360	20120901	1	0	0	 	3474840.29	0.040500
	184	360	360	20120901	1	120	0	 	1040000.00	0.043000
	185	360	360	20120901	1	0	0	 	1985107.23	0.038500
	186	360	360	20120901	1	0	0	 	1141733.25	0.040500
	187	360	360	20120901	1	0	0	 	953159.88	0.041000
	188	360	360	20120901	1	120	0	 	1500000.00	0.033750
	189	360	360	20120901	1	0	0	 	918350.65	0.040500
	190	360	360	20121001	1	0	0	 	1476245.32	0.039000
	191	360	360	20121201	1	0	0	 	651610.65	0.037000
	192	360	360	20120901	1	0	0	 	1333903.91	0.038000
	193	360	360	20120901	1	0	0	 	843614.83	0.038000
	194	360	360	20120901	1	0	0	 	1111805.47	0.039500
	195	360	360	20121101	1	120	0	 	1200000.00	0.039500
	196	360	360	20120901	1	120	0	 	1500000.00	0.040500
	197	360	360	20120901	1	120	0	 	500000.00	0.043000
	198	360	360	20120901	1	120	0	 	941000.00	0.040500
	199	360	360	20121001	1	0	0	 	327895.30	0.034500
	200	360	360	20121001	1	0	0	 	1550964.23	0.040000
	201	360	360	20120901	1	0	0	 	793300.88	0.039000
	202	360	360	20120901	1	0	0	 	761586.76	0.039500
	203	360	360	20121001	1	120	0	 	1800000.00	0.042000
	204	360	360	20121101	1	0	0	 	1130077.61	0.040000
	205	360	360	20121001	1	0	0	 	884753.09	0.039000
	206	360	360	20120901	1	0	0	 	1099676.73	0.038000
	207	360	360	20120901	1	0	0	 	1156897.14	0.039000
	208	360	360	20121001	1	0	0	 	795325.11	0.039500
	209	360	360	20121001	1	0	0	 	944594.14	0.041000
	210	360	360	20121001	1	0	0	 	3132075.40	0.041000
	211	360	360	20121001	1	0	0	 	1181118.89	0.040000
	212	360	360	20120901	1	0	0	 	1985237.51	0.039000
	213	360	360	20120901	1	0	0	 	694968.05	0.040500
	214	360	360	20121101	1	0	0	 	522723.11	0.040000
	215	360	360	20121001	1	0	0	 	1093515.04	0.039000
	216	360	360	20121001	1	0	0	 	1192145.79	0.033000
	217	360	360	20121001	1	0	0	 	845076.63	0.040000
	218	360	360	20121101	1	120	0	 	1000000.00	0.043000
	219	360	360	20121001	1	120	0	 	1335000.00	0.044500
	220	360	360	20121001	1	0	0	 	617052.98	0.039500
	221	360	360	20121001	1	0	0	 	866904.35	0.039500
	222	360	360	20120901	1	0	0	 	722316.49	0.041000
	223	360	360	20120901	1	120	0	 	1048000.00	0.040500
	224	360	360	20120901	1	0	0	 	853652.12	0.039000
	225	360	360	20121001	1	120	0	 	1090000.00	0.039000
	226	360	360	20121001	1	0	0	 	646649.02	0.046500
	227	360	360	20121101	1	0	0	 	796651.89	0.042000
	228	360	360	20120901	1	0	0	 	1052380.19	0.040500
	229	360	360	20121001	1	0	0	 	1081531.10	0.039000
	230	360	360	20121001	1	0	0	 	2336023.25	0.038500
	231	360	360	20121001	1	0	0	 	989388.21	0.041500
	232	360	360	20121101	1	120	0	 	1180000.00	0.038500
	233	360	360	20121001	1	0	0	 	576640.54	0.040000
	234	360	360	20121001	1	0	0	 	982327.81	0.040500
	235	360	360	20121201	1	120	0	 	711000.00	0.040000
	236	360	360	20121101	1	0	0	 	995467.38	0.037500
	237	360	360	20121001	1	0	0	 	930578.52	0.040000
	238	360	360	20121001	1	0	0	 	1081529.05	0.038500
	239	360	360	20121101	1	0	0	 	594433.78	0.040000
	240	360	360	20121101	1	0	0	 	920880.50	0.038500
	241	360	360	20121001	1	0	0	 	1083742.22	0.040500
	242	360	360	20121101	1	0	0	 	714913.62	0.040500
	243	360	360	20120901	1	0	0	 	843780.93	0.039500
	244	360	360	20121101	1	0	0	 	806328.58	0.037500
	245	360	360	20121101	1	0	0	 	739479.20	0.038000
	246	360	360	20121001	1	0	0	 	1333760.20	0.039500
	247	360	360	20121101	1	0	0	 	995507.07	0.038000
	248	360	360	20121101	1	0	0	 	908933.95	0.038500
	249	360	360	20121001	1	0	0	 	943094.46	0.040000
	250	360	360	20121001	1	0	0	 	820136.27	0.039000
	251	360	360	20121001	1	0	0	 	894740.74	0.039500
	252	360	360	20121101	1	0	0	 	157296.67	0.037500
	253	360	360	20121001	1	0	0	 	1192280.14	0.034000
	254	360	360	20121101	1	0	0	 	224006.75	0.039000
	255	360	360	20121201	1	0	0	 	1096824.91	0.040000
	256	360	360	20121001	1	0	0	 	993361.05	0.039500
	257	360	360	20121101	1	0	0	 	965641.86	0.038000
	258	360	360	20121001	1	120	0	 	2000000.00	0.042000
	259	360	360	20121001	1	0	0	 	972434.80	0.041000
	260	360	360	20121001	1	120	0	 	816862.51	0.042000
	261	360	360	20121101	1	0	0	 	1251451.15	0.039000
	262	360	360	20121201	1	0	0	 	781654.41	0.038500
	263	360	360	20121101	1	0	0	 	1990854.89	0.037000
	264	360	360	20121001	1	120	0	 	1837500.00	0.038500
	265	360	360	20121101	1	0	0	 	995507.07	0.038000
	266	360	360	20121101	1	0	0	 	965793.21	0.040000
	267	360	360	20121001	1	120	0	 	2000000.00	0.038500
	268	360	360	20121001	1	0	0	 	914623.85	0.039500
	269	360	360	20121201	1	0	0	 	887431.06	0.040000
	270	360	360	20121001	1	0	0	 	414475.90	0.037500
	271	360	360	20121101	1	0	0	 	761682.28	0.040000
	272	360	360	20121101	1	0	0	 	430076.06	0.038500
	273	360	360	20121101	1	0	0	 	1991402.90	0.040500
	274	360	360	20121101	1	0	0	 	1095144.18	0.039000
	275	360	360	20121101	1	0	0	 	995624.49	0.039500
	276	360	360	20121101	1	120	0	 	1100000.00	0.038500
	277	360	360	20121101	1	0	0	 	522841.79	0.043000
	278	360	360	20121101	1	0	0	 	1293950.72	0.036000
	279	360	360	20121101	1	0	0	 	696854.94	0.038000
	280	360	360	20121201	1	0	0	 	577158.93	0.034500
	281	360	360	20121001	1	0	0	 	914479.93	0.038000
	282	360	360	20121101	1	0	0	 	808719.18	0.036000
	283	360	360	20121101	1	0	0	 	739632.28	0.037500
	284	360	360	20121001	1	0	0	 	1136891.49	0.036000
	285	360	360	20121101	1	0	0	 	651377.94	0.039000
	286	360	360	20121201	1	0	0	 	928264.58	0.039000
	287	360	360	20121101	1	0	0	 	578684.12	0.039000
	288	360	360	20121001	1	0	0	 	532755.64	0.037500
	289	360	360	20121101	1	0	0	 	988538.53	0.038000
	290	360	360	20121101	1	0	0	 	886071.21	0.039000
	291	360	360	20121101	1	120	0	 	1800000.00	0.042000
	292	360	360	20121101	1	0	0	 	716877.41	0.040000
	293	360	360	20121101	1	0	0	 	1990934.77	0.037500
	294	360	360	20121101	1	0	0	 	720804.00	0.039000
	295	360	360	20121001	1	0	0	 	1776792.75	0.035500
	296	360	360	20121001	1	0	0	 	745539.31	0.038500
	297	360	360	20121101	1	0	0	 	995467.38	0.037500
	298	360	360	20121101	1	0	0	 	786450.58	0.038000
	299	360	360	20121101	1	0	0	 	995546.47	0.038500
	300	360	360	20121201	1	0	0	 	997113.54	0.040000
	301	360	360	20121101	1	120	0	 	1385000.00	0.041500
	302	360	360	20121101	1	0	0	 	1085102.70	0.038000
	303	360	360	20121001	1	0	0	 	1490760.35	0.036500
	304	360	360	20121101	1	0	0	 	1493201.08	0.037500
	305	360	360	20121101	1	0	0	 	703987.81	0.041000
	306	360	360	20121101	1	0	0	 	836192.59	0.037500
	307	360	360	20121201	1	0	0	 	762691.97	0.037500
	308	360	360	20121201	1	0	0	 	1250282.83	0.038500
	309	360	360	20121001	1	0	0	 	1204534.38	0.036500
	310	360	360	20121201	1	0	0	 	633167.11	0.040000
	311	360	360	20121001	1	0	0	 	1982363.31	0.037000
	312	360	360	20121001	1	0	0	 	994156.37	0.039500
	313	360	360	20121101	1	0	0	 	1493833.72	0.043000
	314	360	360	20121201	1	0	0	 	847390.05	0.036500
	315	360	360	20121101	1	0	0	 	746689.20	0.039000
	316	360	360	20121101	1	0	0	 	746689.20	0.039000
	317	360	360	20121101	1	0	0	 	492729.75	0.038000
	318	360	360	20121101	1	0	0	 	1642780.42	0.039500
	319	360	360	20121101	1	0	0	 	109041.71	0.042000
	320	360	360	20121101	1	0	0	 	716678.79	0.036500
	321	360	360	20121101	1	0	0	 	1373744.99	0.037500
	322	360	360	20121101	1	0	0	 	746718.38	0.039500
	323	360	360	20121201	1	0	0	 	1148615.27	0.039000
	324	360	360	20121201	1	0	0	 	1974335.48	0.040500
	325	360	360	20121101	1	0	0	 	1095437.36	0.042500
	326	360	360	20121101	1	0	0	 	1192565.13	0.038500
	327	360	360	20121101	1	0	0	 	1194560.87	0.037500
	328	360	360	20121101	1	0	0	 	1057864.32	0.046000
	329	360	360	20121201	1	0	0	 	791708.16	0.040000
	330	360	360	20121101	1	120	0	 	1376500.00	0.038500
	331	360	360	20121101	1	0	0	 	1075232.48	0.039000
	332	360	360	20121201	1	0	0	 	897284.66	0.037500
	333	360	360	20121101	1	0	0	 	995305.91	0.035500
	334	360	360	20121101	1	0	0	 	1007532.65	0.039000
	335	360	360	20121101	1	0	0	 	791428.10	0.038000
	336	360	360	20121201	1	120	0	 	1500000.00	0.036500
	337	360	360	20121101	1	0	0	 	756555.21	0.037500
	338	360	360	20121201	1	0	0	 	782369.04	0.036000
	339	360	360	20121201	1	120	0	 	1690000.00	0.037500
	340	360	360	20121201	1	120	0	 	788500.00	0.039500
	341	360	360	20121201	1	0	0	 	618129.44	0.037500
	342	360	360	20121201	1	0	0	 	1470390.97	0.035500
	343	360	360	20121201	1	120	0	 	2000000.00	0.037000
	344	360	360	20120201	1	0	0	 	467670.34	0.047500

 

	 	37	38	39	40	41	42	43	44	45	46
	 	Current Payment
 Amount Due	Interest Paid
 Through Date	Current Payment
 Status	Index Type	ARM Look-back
 Days	Gross Margin	ARM Round Flag	ARM Round Factor	Initial Fixed Rate
 Period	Initial Interest Rate
 Cap (Change Up)
	1	1375.67	20121201	0	0	 	 	 	 	 	 
	2	3208.23	20121201	0	0	 	 	 	 	 	 
	3	4659.57	20121201	0	0	 	 	 	 	 	 
	4	13041.18	20121201	0	0	 	 	 	 	 	 
	5	3589.93	20121201	0	0	 	 	 	 	 	 
	6	16522.73	20121201	0	0	 	 	 	 	 	 
	7	3580.44	20121201	0	0	 	 	 	 	 	 
	8	1443.73	20121201	0	0	 	 	 	 	 	 
	9	292.60	20121201	0	0	 	 	 	 	 	 
	10	2197.73	20121201	0	0	 	 	 	 	 	 
	11	3805.42	20121201	0	0	 	 	 	 	 	 
	12	1381.91	20121201	0	0	 	 	 	 	 	 
	13	1815.23	20121201	0	0	 	 	 	 	 	 
	14	554.35	20121201	0	0	 	 	 	 	 	 
	15	4262.50	20121201	0	0	 	 	 	 	 	 
	16	10736.43	20121201	0	0	 	 	 	 	 	 
	17	1919.38	20121201	0	0	 	 	 	 	 	 
	18	5639.09	20121201	0	0	 	 	 	 	 	 
	19	2492.16	20121201	0	0	 	 	 	 	 	 
	20	4967.61	20121201	0	0	 	 	 	 	 	 
	21	3246.80	20121201	0	0	 	 	 	 	 	 
	22	2415.99	20121201	0	0	 	 	 	 	 	 
	23	3416.67	20121201	0	0	 	 	 	 	 	 
	24	7467.18	20121201	0	0	 	 	 	 	 	 
	25	3116.63	20121201	0	0	 	 	 	 	 	 
	26	1945.55	20121201	0	0	 	 	 	 	 	 
	27	3324.95	20121201	0	0	 	 	 	 	 	 
	28	3547.34	20121201	0	0	 	 	 	 	 	 
	29	3437.39	20121201	0	0	 	 	 	 	 	 
	30	2004.97	20121201	0	0	 	 	 	 	 	 
	31	2016.95	20121201	0	0	 	 	 	 	 	 
	32	3877.20	20121201	0	0	 	 	 	 	 	 
	33	706.68	20121201	0	0	 	 	 	 	 	 
	34	978.03	20121201	0	0	 	 	 	 	 	 
	35	1852.46	20121201	0	0	 	 	 	 	 	 
	36	5316.77	20121201	0	0	 	 	 	 	 	 
	37	1040.75	20121201	0	0	 	 	 	 	 	 
	38	3385.71	20121201	0	0	 	 	 	 	 	 
	39	1990.82	20121201	0	0	 	 	 	 	 	 
	40	5458.29	20121201	0	0	 	 	 	 	 	 
	41	2665.14	20121201	0	0	 	 	 	 	 	 
	42	2798.15	20121201	0	0	 	 	 	 	 	 
	43	2592.52	20121201	0	0	 	 	 	 	 	 
	44	746.77	20121201	0	0	 	 	 	 	 	 
	45	750.25	20121201	0	0	 	 	 	 	 	 
	46	1944.86	20121201	0	0	 	 	 	 	 	 
	47	673.51	20121201	0	0	 	 	 	 	 	 
	48	1198.31	20121201	0	0	 	 	 	 	 	 
	49	3533.10	20121201	0	0	 	 	 	 	 	 
	50	1990.82	20121201	0	0	 	 	 	 	 	 
	51	2292.51	20121201	0	0	 	 	 	 	 	 
	52	1990.82	20121201	0	0	 	 	 	 	 	 
	53	15200.56	20121201	0	0	 	 	 	 	 	 
	54	1043.29	20121201	0	0	 	 	 	 	 	 
	55	3375.16	20121201	0	0	 	 	 	 	 	 
	56	4003.21	20121201	0	0	 	 	 	 	 	 
	57	850.80	20121201	0	0	 	 	 	 	 	 
	58	1015.80	20121201	0	0	 	 	 	 	 	 
	59	1392.22	20121201	0	0	 	 	 	 	 	 
	60	12371.79	20121201	0	0	 	 	 	 	 	 
	61	10911.49	20121201	0	0	 	 	 	 	 	 
	62	1895.87	20121201	0	0	 	 	 	 	 	 
	63	1574.59	20121201	0	0	 	 	 	 	 	 
	64	1871.47	20121201	0	0	 	 	 	 	 	 
	65	1931.19	20121201	0	0	 	 	 	 	 	 
	66	961.06	20121201	0	0	 	 	 	 	 	 
	67	3235.78	20121201	0	0	 	 	 	 	 	 
	68	4156.65	20121201	0	0	 	 	 	 	 	 
	69	9125.74	20121201	0	0	 	 	 	 	 	 
	70	922.39	20121201	0	0	 	 	 	 	 	 
	71	4445.43	20121201	0	0	 	 	 	 	 	 
	72	1613.99	20121201	0	0	 	 	 	 	 	 
	73	748.60	20121201	0	0	 	 	 	 	 	 
	74	1406.42	20121201	0	0	 	 	 	 	 	 
	75	2859.12	20121201	0	0	 	 	 	 	 	 
	76	2899.19	20121201	0	0	 	 	 	 	 	 
	77	3512.85	20121201	0	0	 	 	 	 	 	 
	78	3299.43	20121201	0	0	 	 	 	 	 	 
	79	1164.89	20121201	0	0	 	 	 	 	 	 
	80	6208.79	20121201	0	0	 	 	 	 	 	 
	81	4846.50	20121201	0	0	 	 	 	 	 	 
	82	1591.96	20121201	0	0	 	 	 	 	 	 
	83	2491.89	20121201	0	0	 	 	 	 	 	 
	84	3350.23	20121201	0	0	 	 	 	 	 	 
	85	4774.15	20121201	0	0	 	 	 	 	 	 
	86	4745.37	20121201	0	0	 	 	 	 	 	 
	87	2894.47	20121201	0	0	 	 	 	 	 	 
	88	6000.00	20121201	0	0	 	 	 	 	 	 
	89	4034.39	20121201	0	0	 	 	 	 	 	 
	90	4735.96	20121201	0	0	 	 	 	 	 	 
	91	4298.71	20121201	0	0	 	 	 	 	 	 
	92	1581.44	20121201	0	0	 	 	 	 	 	 
	93	7379.10	20121201	0	0	 	 	 	 	 	 
	94	1189.97	20121201	0	0	 	 	 	 	 	 
	95	1507.58	20121201	0	0	 	 	 	 	 	 
	96	4221.43	20121201	0	0	 	 	 	 	 	 
	97	6683.81	20121201	0	0	 	 	 	 	 	 
	98	745.62	20121201	0	0	 	 	 	 	 	 
	99	4091.45	20121201	0	0	 	 	 	 	 	 
	100	4939.49	20121201	0	0	 	 	 	 	 	 
	101	4401.15	20121201	0	0	 	 	 	 	 	 
	102	1136.94	20121201	0	0	 	 	 	 	 	 
	103	4277.71	20121201	0	0	 	 	 	 	 	 
	104	9376.16	20121201	0	0	 	 	 	 	 	 
	105	2879.07	20121201	0	0	 	 	 	 	 	 
	106	1931.19	20121201	0	0	 	 	 	 	 	 
	107	587.80	20121201	0	0	 	 	 	 	 	 
	108	3888.83	20121201	0	0	 	 	 	 	 	 
	109	6469.55	20121201	0	0	 	 	 	 	 	 
	110	4645.66	20121201	0	0	 	 	 	 	 	 
	111	3423.12	20121201	0	0	 	 	 	 	 	 
	112	10531.25	20121201	0	0	 	 	 	 	 	 
	113	828.51	20121201	0	0	 	 	 	 	 	 
	114	4831.98	20121201	0	0	 	 	 	 	 	 
	115	1800.22	20121201	0	0	 	 	 	 	 	 
	116	3888.83	20121201	0	0	 	 	 	 	 	 
	117	4816.21	20121201	0	0	 	 	 	 	 	 
	118	677.76	20121201	0	0	 	 	 	 	 	 
	119	1257.52	20121201	0	0	 	 	 	 	 	 
	120	1882.47	20121201	0	0	 	 	 	 	 	 
	121	3850.00	20121201	0	0	 	 	 	 	 	 
	122	4365.74	20121201	0	0	 	 	 	 	 	 
	123	3187.50	20121201	0	0	 	 	 	 	 	 
	124	3525.81	20121201	0	0	 	 	 	 	 	 
	125	4300.47	20121201	0	0	 	 	 	 	 	 
	126	6197.82	20121201	0	0	 	 	 	 	 	 
	127	3500.00	20121201	0	0	 	 	 	 	 	 
	128	5125.53	20121201	0	0	 	 	 	 	 	 
	129	12487.66	20121201	0	0	 	 	 	 	 	 
	130	4150.00	20121201	0	0	 	 	 	 	 	 
	131	5468.66	20121201	0	0	 	 	 	 	 	 
	132	4523.41	20121201	0	0	 	 	 	 	 	 
	133	3242.04	20121201	0	0	 	 	 	 	 	 
	134	3456.49	20121201	0	0	 	 	 	 	 	 
	135	4840.69	20121201	0	0	 	 	 	 	 	 
	136	8313.29	20121201	0	0	 	 	 	 	 	 
	137	4627.05	20121201	0	0	 	 	 	 	 	 
	138	2721.79	20121201	0	0	 	 	 	 	 	 
	139	3790.37	20121201	0	0	 	 	 	 	 	 
	140	3986.42	20121201	0	0	 	 	 	 	 	 
	141	3669.40	20121201	0	0	 	 	 	 	 	 
	142	7498.65	20121201	0	0	 	 	 	 	 	 
	143	5872.21	20121201	0	0	 	 	 	 	 	 
	144	5903.28	20121201	0	0	 	 	 	 	 	 
	145	3758.48	20121201	0	0	 	 	 	 	 	 
	146	3733.59	20121201	0	0	 	 	 	 	 	 
	147	7319.81	20121201	0	0	 	 	 	 	 	 
	148	2954.38	20121201	0	0	 	 	 	 	 	 
	149	2912.20	20121201	0	0	 	 	 	 	 	 
	150	4774.15	20121201	0	0	 	 	 	 	 	 
	151	5070.43	20121201	0	0	 	 	 	 	 	 
	152	11250.00	20121201	0	0	 	 	 	 	 	 
	153	3225.00	20121201	0	0	 	 	 	 	 	 
	154	6433.33	20121201	0	0	 	 	 	 	 	 
	155	568.47	20121201	0	0	 	 	 	 	 	 
	156	3771.58	20121201	0	0	 	 	 	 	 	 
	157	11296.30	20121201	0	0	 	 	 	 	 	 
	158	7959.40	20121201	0	0	 	 	 	 	 	 
	159	3914.46	20121201	0	0	 	 	 	 	 	 
	160	7204.54	20121201	0	0	 	 	 	 	 	 
	161	4831.98	20121201	0	0	 	 	 	 	 	 
	162	14236.12	20121201	0	0	 	 	 	 	 	 
	163	3093.75	20121201	0	0	 	 	 	 	 	 
	164	5043.17	20121201	0	0	 	 	 	 	 	 
	165	7051.92	20121201	0	0	 	 	 	 	 	 
	166	3937.99	20121201	0	0	 	 	 	 	 	 
	167	4861.03	20121201	0	0	 	 	 	 	 	 
	168	5687.50	20121201	0	0	 	 	 	 	 	 
	169	4569.37	20121201	0	0	 	 	 	 	 	 
	170	2445.09	20121201	0	0	 	 	 	 	 	 
	171	295.16	20121201	0	0	 	 	 	 	 	 
	172	7291.55	20121201	0	0	 	 	 	 	 	 
	173	5393.92	20121201	0	0	 	 	 	 	 	 
	174	3050.03	20121201	0	0	 	 	 	 	 	 
	175	7313.41	20121201	0	0	 	 	 	 	 	 
	176	4514.84	20121201	0	0	 	 	 	 	 	 
	177	4370.75	20121201	0	0	 	 	 	 	 	 
	178	3305.50	20121201	0	0	 	 	 	 	 	 
	179	2795.74	20121201	0	0	 	 	 	 	 	 
	180	3948.81	20121201	0	0	 	 	 	 	 	 
	181	4083.29	20121201	0	0	 	 	 	 	 	 
	182	1351.28	20121201	0	0	 	 	 	 	 	 
	183	16810.58	20121201	0	0	 	 	 	 	 	 
	184	3726.67	20121201	0	0	 	 	 	 	 	 
	185	9376.16	20121201	0	0	 	 	 	 	 	 
	186	5523.48	20121201	0	0	 	 	 	 	 	 
	187	4638.70	20121201	0	0	 	 	 	 	 	 
	188	4218.75	20121201	0	0	 	 	 	 	 	 
	189	4442.80	20121201	0	0	 	 	 	 	 	 
	190	7004.27	20121201	0	0	 	 	 	 	 	 
	191	3008.41	20121201	0	0	 	 	 	 	 	 
	192	6262.47	20121201	0	0	 	 	 	 	 	 
	193	3960.64	20121201	0	0	 	 	 	 	 	 
	194	5314.82	20121201	0	0	 	 	 	 	 	 
	195	3950.00	20121201	0	0	 	 	 	 	 	 
	196	5062.50	20121201	0	0	 	 	 	 	 	 
	197	1791.67	20121201	0	0	 	 	 	 	 	 
	198	3175.88	20121201	0	0	 	 	 	 	 	 
	199	1472.65	20121201	0	0	 	 	 	 	 	 
	200	7447.68	20121201	0	0	 	 	 	 	 	 
	201	3769.57	20121201	0	0	 	 	 	 	 	 
	202	3640.65	20121201	0	0	 	 	 	 	 	 
	203	6300.00	20121201	0	0	 	 	 	 	 	 
	204	5418.66	20121201	0	0	 	 	 	 	 	 
	205	4197.85	20121201	0	0	 	 	 	 	 	 
	206	5162.81	20121201	0	0	 	 	 	 	 	 
	207	5497.29	20121201	0	0	 	 	 	 	 	 
	208	3796.30	20121201	0	0	 	 	 	 	 	 
	209	4590.38	20121201	0	0	 	 	 	 	 	 
	210	15220.75	20121201	0	0	 	 	 	 	 	 
	211	5671.69	20121201	0	0	 	 	 	 	 	 
	212	9433.36	20121201	0	0	 	 	 	 	 	 
	213	3362.12	20121201	0	0	 	 	 	 	 	 
	214	2506.43	20121201	0	0	 	 	 	 	 	 
	215	5188.35	20121201	0	0	 	 	 	 	 	 
	216	5255.46	20121201	0	0	 	 	 	 	 	 
	217	4058.03	20121201	0	0	 	 	 	 	 	 
	218	3583.33	20121201	0	0	 	 	 	 	 	 
	219	4950.63	20121201	0	0	 	 	 	 	 	 
	220	2945.36	20121201	0	0	 	 	 	 	 	 
	221	4137.96	20121201	0	0	 	 	 	 	 	 
	222	3515.27	20121201	0	0	 	 	 	 	 	 
	223	3537.00	20121201	0	0	 	 	 	 	 	 
	224	4056.35	20121201	0	0	 	 	 	 	 	 
	225	3542.50	20121201	0	0	 	 	 	 	 	 
	226	3351.64	20121201	0	0	 	 	 	 	 	 
	227	3912.14	20121201	0	0	 	 	 	 	 	 
	228	5091.20	20121201	0	0	 	 	 	 	 	 
	229	5131.49	20121201	0	0	 	 	 	 	 	 
	230	11016.99	20121201	0	0	 	 	 	 	 	 
	231	4836.73	20121201	0	0	 	 	 	 	 	 
	232	3785.83	20121201	0	0	 	 	 	 	 	 
	233	2769.01	20121201	0	0	 	 	 	 	 	 
	234	4745.39	20121201	0	0	 	 	 	 	 	 
	235	2370.00	20121201	0	0	 	 	 	 	 	 
	236	4631.16	20121201	0	0	 	 	 	 	 	 
	237	4468.61	20121201	0	0	 	 	 	 	 	 
	238	5100.63	20121201	0	0	 	 	 	 	 	 
	239	2850.28	20121201	0	0	 	 	 	 	 	 
	240	4336.48	20121201	0	0	 	 	 	 	 	 
	241	5235.30	20121201	0	0	 	 	 	 	 	 
	242	3448.57	20121201	0	0	 	 	 	 	 	 
	243	4033.57	20121201	0	0	 	 	 	 	 	 
	244	3751.24	20121201	0	0	 	 	 	 	 	 
	245	4193.62	20121201	0	0	 	 	 	 	 	 
	246	6366.39	20121201	0	0	 	 	 	 	 	 
	247	4659.57	20121201	0	0	 	 	 	 	 	 
	248	4280.22	20121201	0	0	 	 	 	 	 	 
	249	4535.45	20121201	0	0	 	 	 	 	 	 
	250	3891.26	20121201	0	0	 	 	 	 	 	 
	251	4270.84	20121201	0	0	 	 	 	 	 	 
	252	736.35	20121201	0	0	 	 	 	 	 	 
	253	5321.77	20121201	0	0	 	 	 	 	 	 
	254	1061.25	20121201	0	0	 	 	 	 	 	 
	255	5251.57	20121201	0	0	 	 	 	 	 	 
	256	4741.58	20121201	0	0	 	 	 	 	 	 
	257	4519.79	20121201	0	0	 	 	 	 	 	 
	258	7000.00	20121201	0	0	 	 	 	 	 	 
	259	4725.68	20121201	0	0	 	 	 	 	 	 
	260	2859.02	20121201	0	0	 	 	 	 	 	 
	261	5928.87	20121201	0	0	 	 	 	 	 	 
	262	3691.86	20121201	0	0	 	 	 	 	 	 
	263	9205.66	20121201	0	0	 	 	 	 	 	 
	264	5895.31	20121201	0	0	 	 	 	 	 	 
	265	4659.57	20121201	0	0	 	 	 	 	 	 
	266	4630.93	20121201	0	0	 	 	 	 	 	 
	267	6416.67	20121201	0	0	 	 	 	 	 	 
	268	4365.74	20121201	0	0	 	 	 	 	 	 
	269	4249.00	20121201	0	0	 	 	 	 	 	 
	270	1931.19	20121201	0	0	 	 	 	 	 	 
	271	3652.23	20121201	0	0	 	 	 	 	 	 
	272	2025.25	20121201	0	0	 	 	 	 	 	 
	273	9606.05	20121201	0	0	 	 	 	 	 	 
	274	5188.35	20121201	0	0	 	 	 	 	 	 
	275	4745.37	20121201	0	0	 	 	 	 	 	 
	276	3529.17	20121201	0	0	 	 	 	 	 	 
	277	2598.08	20121201	0	0	 	 	 	 	 	 
	278	5910.39	20121201	0	0	 	 	 	 	 	 
	279	3261.70	20121201	0	0	 	 	 	 	 	 
	280	2583.84	20121201	0	0	 	 	 	 	 	 
	281	4286.81	20121201	0	0	 	 	 	 	 	 
	282	3693.99	20121201	0	0	 	 	 	 	 	 
	283	3440.95	20121201	0	0	 	 	 	 	 	 
	284	5201.14	20121201	0	0	 	 	 	 	 	 
	285	3141.31	20121201	0	0	 	 	 	 	 	 
	286	4391.23	20121201	0	0	 	 	 	 	 	 
	287	2741.57	20121201	0	0	 	 	 	 	 	 
	288	2482.30	20121201	0	0	 	 	 	 	 	 
	289	4626.96	20121201	0	0	 	 	 	 	 	 
	290	4197.85	20121201	0	0	 	 	 	 	 	 
	291	6300.00	20121201	0	0	 	 	 	 	 	 
	292	3437.39	20121201	0	0	 	 	 	 	 	 
	293	9262.31	20121201	0	0	 	 	 	 	 	 
	294	3414.88	20121201	0	0	 	 	 	 	 	 
	295	8078.91	20121201	0	0	 	 	 	 	 	 
	296	3516.06	20121201	0	0	 	 	 	 	 	 
	297	4631.16	20121201	0	0	 	 	 	 	 	 
	298	3681.06	20121201	0	0	 	 	 	 	 	 
	299	4688.08	20121201	0	0	 	 	 	 	 	 
	300	4774.15	20121201	0	0	 	 	 	 	 	 
	301	4789.79	20121201	0	0	 	 	 	 	 	 
	302	5078.94	20121201	0	0	 	 	 	 	 	 
	303	6861.89	20121201	0	0	 	 	 	 	 	 
	304	6946.73	20121201	0	0	 	 	 	 	 	 
	305	3416.21	20121201	0	0	 	 	 	 	 	 
	306	3890.17	20121201	0	0	 	 	 	 	 	 
	307	3542.83	20121201	0	0	 	 	 	 	 	 
	308	5878.86	20121201	0	0	 	 	 	 	 	 
	309	5544.41	20121201	0	0	 	 	 	 	 	 
	310	3031.59	20121201	0	0	 	 	 	 	 	 
	311	9205.66	20121201	0	0	 	 	 	 	 	 
	312	4745.37	20121201	0	0	 	 	 	 	 	 
	313	7423.07	20121201	0	0	 	 	 	 	 	 
	314	3888.41	20121201	0	0	 	 	 	 	 	 
	315	3537.51	20121201	0	0	 	 	 	 	 	 
	316	3537.51	20121201	0	0	 	 	 	 	 	 
	317	2329.79	20121201	0	0	 	 	 	 	 	 
	318	7829.86	20121201	0	0	 	 	 	 	 	 
	319	535.47	20121201	0	0	 	 	 	 	 	 
	320	3293.71	20121201	0	0	 	 	 	 	 	 
	321	6391.00	20121201	0	0	 	 	 	 	 	 
	322	3559.03	20121201	0	0	 	 	 	 	 	 
	323	5433.62	20121201	0	0	 	 	 	 	 	 
	324	9509.99	20121201	0	0	 	 	 	 	 	 
	325	5411.34	20121201	0	0	 	 	 	 	 	 
	326	5615.85	20121201	0	0	 	 	 	 	 	 
	327	5557.39	20121201	0	0	 	 	 	 	 	 
	328	5444.28	20121201	0	0	 	 	 	 	 	 
	329	3790.68	20121201	0	0	 	 	 	 	 	 
	330	4416.27	20121201	0	0	 	 	 	 	 	 
	331	5094.02	20121201	0	0	 	 	 	 	 	 
	332	4168.04	20121201	0	0	 	 	 	 	 	 
	333	4518.40	20121201	0	0	 	 	 	 	 	 
	334	4773.28	20121201	0	0	 	 	 	 	 	 
	335	3704.36	20121201	0	0	 	 	 	 	 	 
	336	4562.50	20121201	0	0	 	 	 	 	 	 
	337	3519.68	20121201	0	0	 	 	 	 	 	 
	338	3568.06	20121201	0	0	 	 	 	 	 	 
	339	5281.25	20121201	0	0	 	 	 	 	 	 
	340	2595.48	20121201	0	0	 	 	 	 	 	 
	341	2871.32	20121201	0	0	 	 	 	 	 	 
	342	6664.65	20121201	0	0	 	 	 	 	 	 
	343	6166.67	20121201	0	0	 	 	 	 	 	 
	344	2477.82	20121201	0	0	 	 	 	 	 	 

 

	 	47	48	49	50	51	52	53	54
	 	Initial Interest Rate
 Cap (Change Down)	Subsequent Interest
 Rate Reset Period	Subsequent Interest
 Rate Cap (Change Down)	Subsequent Interest
 Rate Cap (Change
 Up)	Lifetime Maximum
 Rate (Ceiling)	Lifetime Minimum
 Rate (Floor)	Negative
 Amortization Limit	Initial Negative
 Amortization Recast
 Period
	1	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 
	32	 	 	 	 	 	 	 	 
	33	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 
	36	 	 	 	 	 	 	 	 
	37	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 
	39	 	 	 	 	 	 	 	 
	40	 	 	 	 	 	 	 	 
	41	 	 	 	 	 	 	 	 
	42	 	 	 	 	 	 	 	 
	43	 	 	 	 	 	 	 	 
	44	 	 	 	 	 	 	 	 
	45	 	 	 	 	 	 	 	 
	46	 	 	 	 	 	 	 	 
	47	 	 	 	 	 	 	 	 
	48	 	 	 	 	 	 	 	 
	49	 	 	 	 	 	 	 	 
	50	 	 	 	 	 	 	 	 
	51	 	 	 	 	 	 	 	 
	52	 	 	 	 	 	 	 	 
	53	 	 	 	 	 	 	 	 
	54	 	 	 	 	 	 	 	 
	55	 	 	 	 	 	 	 	 
	56	 	 	 	 	 	 	 	 
	57	 	 	 	 	 	 	 	 
	58	 	 	 	 	 	 	 	 
	59	 	 	 	 	 	 	 	 
	60	 	 	 	 	 	 	 	 
	61	 	 	 	 	 	 	 	 
	62	 	 	 	 	 	 	 	 
	63	 	 	 	 	 	 	 	 
	64	 	 	 	 	 	 	 	 
	65	 	 	 	 	 	 	 	 
	66	 	 	 	 	 	 	 	 
	67	 	 	 	 	 	 	 	 
	68	 	 	 	 	 	 	 	 
	69	 	 	 	 	 	 	 	 
	70	 	 	 	 	 	 	 	 
	71	 	 	 	 	 	 	 	 
	72	 	 	 	 	 	 	 	 
	73	 	 	 	 	 	 	 	 
	74	 	 	 	 	 	 	 	 
	75	 	 	 	 	 	 	 	 
	76	 	 	 	 	 	 	 	 
	77	 	 	 	 	 	 	 	 
	78	 	 	 	 	 	 	 	 
	79	 	 	 	 	 	 	 	 
	80	 	 	 	 	 	 	 	 
	81	 	 	 	 	 	 	 	 
	82	 	 	 	 	 	 	 	 
	83	 	 	 	 	 	 	 	 
	84	 	 	 	 	 	 	 	 
	85	 	 	 	 	 	 	 	 
	86	 	 	 	 	 	 	 	 
	87	 	 	 	 	 	 	 	 
	88	 	 	 	 	 	 	 	 
	89	 	 	 	 	 	 	 	 
	90	 	 	 	 	 	 	 	 
	91	 	 	 	 	 	 	 	 
	92	 	 	 	 	 	 	 	 
	93	 	 	 	 	 	 	 	 
	94	 	 	 	 	 	 	 	 
	95	 	 	 	 	 	 	 	 
	96	 	 	 	 	 	 	 	 
	97	 	 	 	 	 	 	 	 
	98	 	 	 	 	 	 	 	 
	99	 	 	 	 	 	 	 	 
	100	 	 	 	 	 	 	 	 
	101	 	 	 	 	 	 	 	 
	102	 	 	 	 	 	 	 	 
	103	 	 	 	 	 	 	 	 
	104	 	 	 	 	 	 	 	 
	105	 	 	 	 	 	 	 	 
	106	 	 	 	 	 	 	 	 
	107	 	 	 	 	 	 	 	 
	108	 	 	 	 	 	 	 	 
	109	 	 	 	 	 	 	 	 
	110	 	 	 	 	 	 	 	 
	111	 	 	 	 	 	 	 	 
	112	 	 	 	 	 	 	 	 
	113	 	 	 	 	 	 	 	 
	114	 	 	 	 	 	 	 	 
	115	 	 	 	 	 	 	 	 
	116	 	 	 	 	 	 	 	 
	117	 	 	 	 	 	 	 	 
	118	 	 	 	 	 	 	 	 
	119	 	 	 	 	 	 	 	 
	120	 	 	 	 	 	 	 	 
	121	 	 	 	 	 	 	 	 
	122	 	 	 	 	 	 	 	 
	123	 	 	 	 	 	 	 	 
	124	 	 	 	 	 	 	 	 
	125	 	 	 	 	 	 	 	 
	126	 	 	 	 	 	 	 	 
	127	 	 	 	 	 	 	 	 
	128	 	 	 	 	 	 	 	 
	129	 	 	 	 	 	 	 	 
	130	 	 	 	 	 	 	 	 
	131	 	 	 	 	 	 	 	 
	132	 	 	 	 	 	 	 	 
	133	 	 	 	 	 	 	 	 
	134	 	 	 	 	 	 	 	 
	135	 	 	 	 	 	 	 	 
	136	 	 	 	 	 	 	 	 
	137	 	 	 	 	 	 	 	 
	138	 	 	 	 	 	 	 	 
	139	 	 	 	 	 	 	 	 
	140	 	 	 	 	 	 	 	 
	141	 	 	 	 	 	 	 	 
	142	 	 	 	 	 	 	 	 
	143	 	 	 	 	 	 	 	 
	144	 	 	 	 	 	 	 	 
	145	 	 	 	 	 	 	 	 
	146	 	 	 	 	 	 	 	 
	147	 	 	 	 	 	 	 	 
	148	 	 	 	 	 	 	 	 
	149	 	 	 	 	 	 	 	 
	150	 	 	 	 	 	 	 	 
	151	 	 	 	 	 	 	 	 
	152	 	 	 	 	 	 	 	 
	153	 	 	 	 	 	 	 	 
	154	 	 	 	 	 	 	 	 
	155	 	 	 	 	 	 	 	 
	156	 	 	 	 	 	 	 	 
	157	 	 	 	 	 	 	 	 
	158	 	 	 	 	 	 	 	 
	159	 	 	 	 	 	 	 	 
	160	 	 	 	 	 	 	 	 
	161	 	 	 	 	 	 	 	 
	162	 	 	 	 	 	 	 	 
	163	 	 	 	 	 	 	 	 
	164	 	 	 	 	 	 	 	 
	165	 	 	 	 	 	 	 	 
	166	 	 	 	 	 	 	 	 
	167	 	 	 	 	 	 	 	 
	168	 	 	 	 	 	 	 	 
	169	 	 	 	 	 	 	 	 
	170	 	 	 	 	 	 	 	 
	171	 	 	 	 	 	 	 	 
	172	 	 	 	 	 	 	 	 
	173	 	 	 	 	 	 	 	 
	174	 	 	 	 	 	 	 	 
	175	 	 	 	 	 	 	 	 
	176	 	 	 	 	 	 	 	 
	177	 	 	 	 	 	 	 	 
	178	 	 	 	 	 	 	 	 
	179	 	 	 	 	 	 	 	 
	180	 	 	 	 	 	 	 	 
	181	 	 	 	 	 	 	 	 
	182	 	 	 	 	 	 	 	 
	183	 	 	 	 	 	 	 	 
	184	 	 	 	 	 	 	 	 
	185	 	 	 	 	 	 	 	 
	186	 	 	 	 	 	 	 	 
	187	 	 	 	 	 	 	 	 
	188	 	 	 	 	 	 	 	 
	189	 	 	 	 	 	 	 	 
	190	 	 	 	 	 	 	 	 
	191	 	 	 	 	 	 	 	 
	192	 	 	 	 	 	 	 	 
	193	 	 	 	 	 	 	 	 
	194	 	 	 	 	 	 	 	 
	195	 	 	 	 	 	 	 	 
	196	 	 	 	 	 	 	 	 
	197	 	 	 	 	 	 	 	 
	198	 	 	 	 	 	 	 	 
	199	 	 	 	 	 	 	 	 
	200	 	 	 	 	 	 	 	 
	201	 	 	 	 	 	 	 	 
	202	 	 	 	 	 	 	 	 
	203	 	 	 	 	 	 	 	 
	204	 	 	 	 	 	 	 	 
	205	 	 	 	 	 	 	 	 
	206	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 
	208	 	 	 	 	 	 	 	 
	209	 	 	 	 	 	 	 	 
	210	 	 	 	 	 	 	 	 
	211	 	 	 	 	 	 	 	 
	212	 	 	 	 	 	 	 	 
	213	 	 	 	 	 	 	 	 
	214	 	 	 	 	 	 	 	 
	215	 	 	 	 	 	 	 	 
	216	 	 	 	 	 	 	 	 
	217	 	 	 	 	 	 	 	 
	218	 	 	 	 	 	 	 	 
	219	 	 	 	 	 	 	 	 
	220	 	 	 	 	 	 	 	 
	221	 	 	 	 	 	 	 	 
	222	 	 	 	 	 	 	 	 
	223	 	 	 	 	 	 	 	 
	224	 	 	 	 	 	 	 	 
	225	 	 	 	 	 	 	 	 
	226	 	 	 	 	 	 	 	 
	227	 	 	 	 	 	 	 	 
	228	 	 	 	 	 	 	 	 
	229	 	 	 	 	 	 	 	 
	230	 	 	 	 	 	 	 	 
	231	 	 	 	 	 	 	 	 
	232	 	 	 	 	 	 	 	 
	233	 	 	 	 	 	 	 	 
	234	 	 	 	 	 	 	 	 
	235	 	 	 	 	 	 	 	 
	236	 	 	 	 	 	 	 	 
	237	 	 	 	 	 	 	 	 
	238	 	 	 	 	 	 	 	 
	239	 	 	 	 	 	 	 	 
	240	 	 	 	 	 	 	 	 
	241	 	 	 	 	 	 	 	 
	242	 	 	 	 	 	 	 	 
	243	 	 	 	 	 	 	 	 
	244	 	 	 	 	 	 	 	 
	245	 	 	 	 	 	 	 	 
	246	 	 	 	 	 	 	 	 
	247	 	 	 	 	 	 	 	 
	248	 	 	 	 	 	 	 	 
	249	 	 	 	 	 	 	 	 
	250	 	 	 	 	 	 	 	 
	251	 	 	 	 	 	 	 	 
	252	 	 	 	 	 	 	 	 
	253	 	 	 	 	 	 	 	 
	254	 	 	 	 	 	 	 	 
	255	 	 	 	 	 	 	 	 
	256	 	 	 	 	 	 	 	 
	257	 	 	 	 	 	 	 	 
	258	 	 	 	 	 	 	 	 
	259	 	 	 	 	 	 	 	 
	260	 	 	 	 	 	 	 	 
	261	 	 	 	 	 	 	 	 
	262	 	 	 	 	 	 	 	 
	263	 	 	 	 	 	 	 	 
	264	 	 	 	 	 	 	 	 
	265	 	 	 	 	 	 	 	 
	266	 	 	 	 	 	 	 	 
	267	 	 	 	 	 	 	 	 
	268	 	 	 	 	 	 	 	 
	269	 	 	 	 	 	 	 	 
	270	 	 	 	 	 	 	 	 
	271	 	 	 	 	 	 	 	 
	272	 	 	 	 	 	 	 	 
	273	 	 	 	 	 	 	 	 
	274	 	 	 	 	 	 	 	 
	275	 	 	 	 	 	 	 	 
	276	 	 	 	 	 	 	 	 
	277	 	 	 	 	 	 	 	 
	278	 	 	 	 	 	 	 	 
	279	 	 	 	 	 	 	 	 
	280	 	 	 	 	 	 	 	 
	281	 	 	 	 	 	 	 	 
	282	 	 	 	 	 	 	 	 
	283	 	 	 	 	 	 	 	 
	284	 	 	 	 	 	 	 	 
	285	 	 	 	 	 	 	 	 
	286	 	 	 	 	 	 	 	 
	287	 	 	 	 	 	 	 	 
	288	 	 	 	 	 	 	 	 
	289	 	 	 	 	 	 	 	 
	290	 	 	 	 	 	 	 	 
	291	 	 	 	 	 	 	 	 
	292	 	 	 	 	 	 	 	 
	293	 	 	 	 	 	 	 	 
	294	 	 	 	 	 	 	 	 
	295	 	 	 	 	 	 	 	 
	296	 	 	 	 	 	 	 	 
	297	 	 	 	 	 	 	 	 
	298	 	 	 	 	 	 	 	 
	299	 	 	 	 	 	 	 	 
	300	 	 	 	 	 	 	 	 
	301	 	 	 	 	 	 	 	 
	302	 	 	 	 	 	 	 	 
	303	 	 	 	 	 	 	 	 
	304	 	 	 	 	 	 	 	 
	305	 	 	 	 	 	 	 	 
	306	 	 	 	 	 	 	 	 
	307	 	 	 	 	 	 	 	 
	308	 	 	 	 	 	 	 	 
	309	 	 	 	 	 	 	 	 
	310	 	 	 	 	 	 	 	 
	311	 	 	 	 	 	 	 	 
	312	 	 	 	 	 	 	 	 
	313	 	 	 	 	 	 	 	 
	314	 	 	 	 	 	 	 	 
	315	 	 	 	 	 	 	 	 
	316	 	 	 	 	 	 	 	 
	317	 	 	 	 	 	 	 	 
	318	 	 	 	 	 	 	 	 
	319	 	 	 	 	 	 	 	 
	320	 	 	 	 	 	 	 	 
	321	 	 	 	 	 	 	 	 
	322	 	 	 	 	 	 	 	 
	323	 	 	 	 	 	 	 	 
	324	 	 	 	 	 	 	 	 
	325	 	 	 	 	 	 	 	 
	326	 	 	 	 	 	 	 	 
	327	 	 	 	 	 	 	 	 
	328	 	 	 	 	 	 	 	 
	329	 	 	 	 	 	 	 	 
	330	 	 	 	 	 	 	 	 
	331	 	 	 	 	 	 	 	 
	332	 	 	 	 	 	 	 	 
	333	 	 	 	 	 	 	 	 
	334	 	 	 	 	 	 	 	 
	335	 	 	 	 	 	 	 	 
	336	 	 	 	 	 	 	 	 
	337	 	 	 	 	 	 	 	 
	338	 	 	 	 	 	 	 	 
	339	 	 	 	 	 	 	 	 
	340	 	 	 	 	 	 	 	 
	341	 	 	 	 	 	 	 	 
	342	 	 	 	 	 	 	 	 
	343	 	 	 	 	 	 	 	 
	344	 	 	 	 	 	 	 	 

 

	 	55	56	57	58	59	60	61	62	63
	 	Subsequent
 Negative
 Amortization Recast
 Period	Initial Fixed
 Payment Period	Subsequent
 Payment Reset
 Period	Initial Periodic
 Payment Cap	Subsequent
 Periodic Payment
 Cap	Initial Minimum
 Payment Reset
 Period	Subsequent
 Minimum Payment
 Reset Period	Option ARM
 Indicator	Options at Recast
	1	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 	 
	32	 	 	 	 	 	 	 	 	 
	33	 	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 	 
	36	 	 	 	 	 	 	 	 	 
	37	 	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 	 
	39	 	 	 	 	 	 	 	 	 
	40	 	 	 	 	 	 	 	 	 
	41	 	 	 	 	 	 	 	 	 
	42	 	 	 	 	 	 	 	 	 
	43	 	 	 	 	 	 	 	 	 
	44	 	 	 	 	 	 	 	 	 
	45	 	 	 	 	 	 	 	 	 
	46	 	 	 	 	 	 	 	 	 
	47	 	 	 	 	 	 	 	 	 
	48	 	 	 	 	 	 	 	 	 
	49	 	 	 	 	 	 	 	 	 
	50	 	 	 	 	 	 	 	 	 
	51	 	 	 	 	 	 	 	 	 
	52	 	 	 	 	 	 	 	 	 
	53	 	 	 	 	 	 	 	 	 
	54	 	 	 	 	 	 	 	 	 
	55	 	 	 	 	 	 	 	 	 
	56	 	 	 	 	 	 	 	 	 
	57	 	 	 	 	 	 	 	 	 
	58	 	 	 	 	 	 	 	 	 
	59	 	 	 	 	 	 	 	 	 
	60	 	 	 	 	 	 	 	 	 
	61	 	 	 	 	 	 	 	 	 
	62	 	 	 	 	 	 	 	 	 
	63	 	 	 	 	 	 	 	 	 
	64	 	 	 	 	 	 	 	 	 
	65	 	 	 	 	 	 	 	 	 
	66	 	 	 	 	 	 	 	 	 
	67	 	 	 	 	 	 	 	 	 
	68	 	 	 	 	 	 	 	 	 
	69	 	 	 	 	 	 	 	 	 
	70	 	 	 	 	 	 	 	 	 
	71	 	 	 	 	 	 	 	 	 
	72	 	 	 	 	 	 	 	 	 
	73	 	 	 	 	 	 	 	 	 
	74	 	 	 	 	 	 	 	 	 
	75	 	 	 	 	 	 	 	 	 
	76	 	 	 	 	 	 	 	 	 
	77	 	 	 	 	 	 	 	 	 
	78	 	 	 	 	 	 	 	 	 
	79	 	 	 	 	 	 	 	 	 
	80	 	 	 	 	 	 	 	 	 
	81	 	 	 	 	 	 	 	 	 
	82	 	 	 	 	 	 	 	 	 
	83	 	 	 	 	 	 	 	 	 
	84	 	 	 	 	 	 	 	 	 
	85	 	 	 	 	 	 	 	 	 
	86	 	 	 	 	 	 	 	 	 
	87	 	 	 	 	 	 	 	 	 
	88	 	 	 	 	 	 	 	 	 
	89	 	 	 	 	 	 	 	 	 
	90	 	 	 	 	 	 	 	 	 
	91	 	 	 	 	 	 	 	 	 
	92	 	 	 	 	 	 	 	 	 
	93	 	 	 	 	 	 	 	 	 
	94	 	 	 	 	 	 	 	 	 
	95	 	 	 	 	 	 	 	 	 
	96	 	 	 	 	 	 	 	 	 
	97	 	 	 	 	 	 	 	 	 
	98	 	 	 	 	 	 	 	 	 
	99	 	 	 	 	 	 	 	 	 
	100	 	 	 	 	 	 	 	 	 
	101	 	 	 	 	 	 	 	 	 
	102	 	 	 	 	 	 	 	 	 
	103	 	 	 	 	 	 	 	 	 
	104	 	 	 	 	 	 	 	 	 
	105	 	 	 	 	 	 	 	 	 
	106	 	 	 	 	 	 	 	 	 
	107	 	 	 	 	 	 	 	 	 
	108	 	 	 	 	 	 	 	 	 
	109	 	 	 	 	 	 	 	 	 
	110	 	 	 	 	 	 	 	 	 
	111	 	 	 	 	 	 	 	 	 
	112	 	 	 	 	 	 	 	 	 
	113	 	 	 	 	 	 	 	 	 
	114	 	 	 	 	 	 	 	 	 
	115	 	 	 	 	 	 	 	 	 
	116	 	 	 	 	 	 	 	 	 
	117	 	 	 	 	 	 	 	 	 
	118	 	 	 	 	 	 	 	 	 
	119	 	 	 	 	 	 	 	 	 
	120	 	 	 	 	 	 	 	 	 
	121	 	 	 	 	 	 	 	 	 
	122	 	 	 	 	 	 	 	 	 
	123	 	 	 	 	 	 	 	 	 
	124	 	 	 	 	 	 	 	 	 
	125	 	 	 	 	 	 	 	 	 
	126	 	 	 	 	 	 	 	 	 
	127	 	 	 	 	 	 	 	 	 
	128	 	 	 	 	 	 	 	 	 
	129	 	 	 	 	 	 	 	 	 
	130	 	 	 	 	 	 	 	 	 
	131	 	 	 	 	 	 	 	 	 
	132	 	 	 	 	 	 	 	 	 
	133	 	 	 	 	 	 	 	 	 
	134	 	 	 	 	 	 	 	 	 
	135	 	 	 	 	 	 	 	 	 
	136	 	 	 	 	 	 	 	 	 
	137	 	 	 	 	 	 	 	 	 
	138	 	 	 	 	 	 	 	 	 
	139	 	 	 	 	 	 	 	 	 
	140	 	 	 	 	 	 	 	 	 
	141	 	 	 	 	 	 	 	 	 
	142	 	 	 	 	 	 	 	 	 
	143	 	 	 	 	 	 	 	 	 
	144	 	 	 	 	 	 	 	 	 
	145	 	 	 	 	 	 	 	 	 
	146	 	 	 	 	 	 	 	 	 
	147	 	 	 	 	 	 	 	 	 
	148	 	 	 	 	 	 	 	 	 
	149	 	 	 	 	 	 	 	 	 
	150	 	 	 	 	 	 	 	 	 
	151	 	 	 	 	 	 	 	 	 
	152	 	 	 	 	 	 	 	 	 
	153	 	 	 	 	 	 	 	 	 
	154	 	 	 	 	 	 	 	 	 
	155	 	 	 	 	 	 	 	 	 
	156	 	 	 	 	 	 	 	 	 
	157	 	 	 	 	 	 	 	 	 
	158	 	 	 	 	 	 	 	 	 
	159	 	 	 	 	 	 	 	 	 
	160	 	 	 	 	 	 	 	 	 
	161	 	 	 	 	 	 	 	 	 
	162	 	 	 	 	 	 	 	 	 
	163	 	 	 	 	 	 	 	 	 
	164	 	 	 	 	 	 	 	 	 
	165	 	 	 	 	 	 	 	 	 
	166	 	 	 	 	 	 	 	 	 
	167	 	 	 	 	 	 	 	 	 
	168	 	 	 	 	 	 	 	 	 
	169	 	 	 	 	 	 	 	 	 
	170	 	 	 	 	 	 	 	 	 
	171	 	 	 	 	 	 	 	 	 
	172	 	 	 	 	 	 	 	 	 
	173	 	 	 	 	 	 	 	 	 
	174	 	 	 	 	 	 	 	 	 
	175	 	 	 	 	 	 	 	 	 
	176	 	 	 	 	 	 	 	 	 
	177	 	 	 	 	 	 	 	 	 
	178	 	 	 	 	 	 	 	 	 
	179	 	 	 	 	 	 	 	 	 
	180	 	 	 	 	 	 	 	 	 
	181	 	 	 	 	 	 	 	 	 
	182	 	 	 	 	 	 	 	 	 
	183	 	 	 	 	 	 	 	 	 
	184	 	 	 	 	 	 	 	 	 
	185	 	 	 	 	 	 	 	 	 
	186	 	 	 	 	 	 	 	 	 
	187	 	 	 	 	 	 	 	 	 
	188	 	 	 	 	 	 	 	 	 
	189	 	 	 	 	 	 	 	 	 
	190	 	 	 	 	 	 	 	 	 
	191	 	 	 	 	 	 	 	 	 
	192	 	 	 	 	 	 	 	 	 
	193	 	 	 	 	 	 	 	 	 
	194	 	 	 	 	 	 	 	 	 
	195	 	 	 	 	 	 	 	 	 
	196	 	 	 	 	 	 	 	 	 
	197	 	 	 	 	 	 	 	 	 
	198	 	 	 	 	 	 	 	 	 
	199	 	 	 	 	 	 	 	 	 
	200	 	 	 	 	 	 	 	 	 
	201	 	 	 	 	 	 	 	 	 
	202	 	 	 	 	 	 	 	 	 
	203	 	 	 	 	 	 	 	 	 
	204	 	 	 	 	 	 	 	 	 
	205	 	 	 	 	 	 	 	 	 
	206	 	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 	 
	208	 	 	 	 	 	 	 	 	 
	209	 	 	 	 	 	 	 	 	 
	210	 	 	 	 	 	 	 	 	 
	211	 	 	 	 	 	 	 	 	 
	212	 	 	 	 	 	 	 	 	 
	213	 	 	 	 	 	 	 	 	 
	214	 	 	 	 	 	 	 	 	 
	215	 	 	 	 	 	 	 	 	 
	216	 	 	 	 	 	 	 	 	 
	217	 	 	 	 	 	 	 	 	 
	218	 	 	 	 	 	 	 	 	 
	219	 	 	 	 	 	 	 	 	 
	220	 	 	 	 	 	 	 	 	 
	221	 	 	 	 	 	 	 	 	 
	222	 	 	 	 	 	 	 	 	 
	223	 	 	 	 	 	 	 	 	 
	224	 	 	 	 	 	 	 	 	 
	225	 	 	 	 	 	 	 	 	 
	226	 	 	 	 	 	 	 	 	 
	227	 	 	 	 	 	 	 	 	 
	228	 	 	 	 	 	 	 	 	 
	229	 	 	 	 	 	 	 	 	 
	230	 	 	 	 	 	 	 	 	 
	231	 	 	 	 	 	 	 	 	 
	232	 	 	 	 	 	 	 	 	 
	233	 	 	 	 	 	 	 	 	 
	234	 	 	 	 	 	 	 	 	 
	235	 	 	 	 	 	 	 	 	 
	236	 	 	 	 	 	 	 	 	 
	237	 	 	 	 	 	 	 	 	 
	238	 	 	 	 	 	 	 	 	 
	239	 	 	 	 	 	 	 	 	 
	240	 	 	 	 	 	 	 	 	 
	241	 	 	 	 	 	 	 	 	 
	242	 	 	 	 	 	 	 	 	 
	243	 	 	 	 	 	 	 	 	 
	244	 	 	 	 	 	 	 	 	 
	245	 	 	 	 	 	 	 	 	 
	246	 	 	 	 	 	 	 	 	 
	247	 	 	 	 	 	 	 	 	 
	248	 	 	 	 	 	 	 	 	 
	249	 	 	 	 	 	 	 	 	 
	250	 	 	 	 	 	 	 	 	 
	251	 	 	 	 	 	 	 	 	 
	252	 	 	 	 	 	 	 	 	 
	253	 	 	 	 	 	 	 	 	 
	254	 	 	 	 	 	 	 	 	 
	255	 	 	 	 	 	 	 	 	 
	256	 	 	 	 	 	 	 	 	 
	257	 	 	 	 	 	 	 	 	 
	258	 	 	 	 	 	 	 	 	 
	259	 	 	 	 	 	 	 	 	 
	260	 	 	 	 	 	 	 	 	 
	261	 	 	 	 	 	 	 	 	 
	262	 	 	 	 	 	 	 	 	 
	263	 	 	 	 	 	 	 	 	 
	264	 	 	 	 	 	 	 	 	 
	265	 	 	 	 	 	 	 	 	 
	266	 	 	 	 	 	 	 	 	 
	267	 	 	 	 	 	 	 	 	 
	268	 	 	 	 	 	 	 	 	 
	269	 	 	 	 	 	 	 	 	 
	270	 	 	 	 	 	 	 	 	 
	271	 	 	 	 	 	 	 	 	 
	272	 	 	 	 	 	 	 	 	 
	273	 	 	 	 	 	 	 	 	 
	274	 	 	 	 	 	 	 	 	 
	275	 	 	 	 	 	 	 	 	 
	276	 	 	 	 	 	 	 	 	 
	277	 	 	 	 	 	 	 	 	 
	278	 	 	 	 	 	 	 	 	 
	279	 	 	 	 	 	 	 	 	 
	280	 	 	 	 	 	 	 	 	 
	281	 	 	 	 	 	 	 	 	 
	282	 	 	 	 	 	 	 	 	 
	283	 	 	 	 	 	 	 	 	 
	284	 	 	 	 	 	 	 	 	 
	285	 	 	 	 	 	 	 	 	 
	286	 	 	 	 	 	 	 	 	 
	287	 	 	 	 	 	 	 	 	 
	288	 	 	 	 	 	 	 	 	 
	289	 	 	 	 	 	 	 	 	 
	290	 	 	 	 	 	 	 	 	 
	291	 	 	 	 	 	 	 	 	 
	292	 	 	 	 	 	 	 	 	 
	293	 	 	 	 	 	 	 	 	 
	294	 	 	 	 	 	 	 	 	 
	295	 	 	 	 	 	 	 	 	 
	296	 	 	 	 	 	 	 	 	 
	297	 	 	 	 	 	 	 	 	 
	298	 	 	 	 	 	 	 	 	 
	299	 	 	 	 	 	 	 	 	 
	300	 	 	 	 	 	 	 	 	 
	301	 	 	 	 	 	 	 	 	 
	302	 	 	 	 	 	 	 	 	 
	303	 	 	 	 	 	 	 	 	 
	304	 	 	 	 	 	 	 	 	 
	305	 	 	 	 	 	 	 	 	 
	306	 	 	 	 	 	 	 	 	 
	307	 	 	 	 	 	 	 	 	 
	308	 	 	 	 	 	 	 	 	 
	309	 	 	 	 	 	 	 	 	 
	310	 	 	 	 	 	 	 	 	 
	311	 	 	 	 	 	 	 	 	 
	312	 	 	 	 	 	 	 	 	 
	313	 	 	 	 	 	 	 	 	 
	314	 	 	 	 	 	 	 	 	 
	315	 	 	 	 	 	 	 	 	 
	316	 	 	 	 	 	 	 	 	 
	317	 	 	 	 	 	 	 	 	 
	318	 	 	 	 	 	 	 	 	 
	319	 	 	 	 	 	 	 	 	 
	320	 	 	 	 	 	 	 	 	 
	321	 	 	 	 	 	 	 	 	 
	322	 	 	 	 	 	 	 	 	 
	323	 	 	 	 	 	 	 	 	 
	324	 	 	 	 	 	 	 	 	 
	325	 	 	 	 	 	 	 	 	 
	326	 	 	 	 	 	 	 	 	 
	327	 	 	 	 	 	 	 	 	 
	328	 	 	 	 	 	 	 	 	 
	329	 	 	 	 	 	 	 	 	 
	330	 	 	 	 	 	 	 	 	 
	331	 	 	 	 	 	 	 	 	 
	332	 	 	 	 	 	 	 	 	 
	333	 	 	 	 	 	 	 	 	 
	334	 	 	 	 	 	 	 	 	 
	335	 	 	 	 	 	 	 	 	 
	336	 	 	 	 	 	 	 	 	 
	337	 	 	 	 	 	 	 	 	 
	338	 	 	 	 	 	 	 	 	 
	339	 	 	 	 	 	 	 	 	 
	340	 	 	 	 	 	 	 	 	 
	341	 	 	 	 	 	 	 	 	 
	342	 	 	 	 	 	 	 	 	 
	343	 	 	 	 	 	 	 	 	 
	344	 	 	 	 	 	 	 	 	 

 

	 	64	65	66	67	68	69	70	71
	 	Initial Minimum
 Payment	Current Minimum
 Payment	Prepayment Penalty
 Calculation	Prepayment Penalty
 Type	Prepayment Penalty
 Total Term	Prepayment Penalty
 Hard Term	Primary Borrower ID	Number of
 Mortgaged
 Properties
	1	 	 	 	 	0	 	344	1
	2	 	 	6	1	60	60	749	1
	3	 	 	6	1	60	60	566	1
	4	 	 	20	1	60	60	128	1
	5	 	 	 	 	0	 	695	1
	6	 	 	 	 	0	 	16	1
	7	 	 	 	 	0	 	571	1
	8	 	 	 	 	0	 	556	1
	9	 	 	 	 	0	 	619	1
	10	 	 	 	 	0	 	200	1
	11	 	 	 	 	0	 	149	1
	12	 	 	 	 	0	 	532	1
	13	 	 	 	 	0	 	535	1
	14	 	 	 	 	0	 	319	1
	15	 	 	6	1	60	60	472	1
	16	 	 	98	1	60	60	594	1
	17	 	 	 	 	0	 	239	1
	18	 	 	6	1	60	60	59	1
	19	 	 	98	1	48	48	363	1
	20	 	 	 	 	0	 	534	1
	21	 	 	 	 	0	 	641	1
	22	 	 	 	 	0	 	533	1
	23	 	 	 	 	0	 	162	1
	24	 	 	98	1	60	60	672	1
	25	 	 	 	 	0	 	258	1
	26	 	 	 	 	0	 	158	2
	27	 	 	98	1	60	60	625	2
	28	 	 	 	 	0	 	678	1
	29	 	 	 	 	0	 	223	1
	30	 	 	 	 	0	 	457	1
	31	 	 	6	1	48	48	343	1
	32	 	 	15	1	60	60	720	1
	33	 	 	 	 	0	 	376	1
	34	 	 	 	 	0	 	690	1
	35	 	 	 	 	0	 	196	1
	36	 	 	99	99	60	 	233	1
	37	 	 	 	 	0	 	13	1
	38	 	 	 	 	0	 	700	1
	39	 	 	 	 	0	 	113	1
	40	 	 	 	 	0	 	197	1
	41	 	 	 	 	0	 	586	1
	42	 	 	 	 	0	 	99	1
	43	 	 	 	 	0	 	763	1
	44	 	 	 	 	0	 	15	1
	45	 	 	 	 	0	 	109	1
	46	 	 	 	 	0	 	74	2
	47	 	 	 	 	0	 	74	1
	48	 	 	 	 	0	 	602	1
	49	 	 	 	 	0	 	689	1
	50	 	 	 	 	0	 	87	1
	51	 	 	 	 	0	 	504	1
	52	 	 	 	 	0	 	528	1
	53	 	 	6	1	60	60	768	1
	54	 	 	 	 	0	 	184	3
	55	 	 	 	 	0	 	224	1
	56	 	 	20	1	60	60	382	1
	57	 	 	 	 	0	 	31	3
	58	 	 	 	 	0	 	31	3
	59	 	 	 	 	0	 	31	3
	60	 	 	6	1	60	60	624	1
	61	 	 	20	1	60	60	638	1
	62	 	 	 	 	0	 	370	1
	63	 	 	 	 	0	 	138	1
	64	 	 	 	 	0	 	60	1
	65	 	 	 	 	0	 	702	1
	66	 	 	 	 	0	 	564	1
	67	 	 	20	1	60	60	44	1
	68	 	 	15	1	60	60	642	1
	69	 	 	 	 	0	 	340	1
	70	 	 	 	 	0	 	69	1
	71	 	 	20	1	60	60	6	1
	72	 	 	6	1	36	36	378	1
	73	 	 	6	1	60	60	247	1
	74	 	 	 	 	0	 	62	1
	75	 	 	 	 	0	 	236	1
	76	 	 	20	1	60	60	357	1
	77	 	 	6	1	60	60	165	1
	78	 	 	6	1	60	60	620	1
	79	 	 	 	 	0	 	74	2
	80	 	 	20	1	60	60	549	1
	81	 	 	6	1	60	60	461	1
	82	 	 	 	 	0	 	708	1
	83	 	 	6	1	60	60	605	1
	84	 	 	 	 	0	 	559	1
	85	 	 	 	 	0	 	119	2
	86	 	 	6	1	60	60	50	1
	87	 	 	 	 	0	 	89	2
	88	 	 	6	1	60	60	569	1
	89	 	 	6	1	60	60	298	1
	90	 	 	6	1	60	60	33	1
	91	 	 	6	1	60	60	614	1
	92	 	 	 	 	0	 	697	1
	93	 	 	6	1	60	60	590	1
	94	 	 	 	 	0	 	628	1
	95	 	 	 	 	0	 	356	1
	96	 	 	6	1	60	60	226	1
	97	 	 	6	1	36	36	130	1
	98	 	 	 	 	0	 	109	1
	99	 	 	 	 	0	 	598	1
	100	 	 	6	1	60	60	81	2
	101	 	 	20	1	60	60	665	1
	102	 	 	 	 	0	 	270	1
	103	 	 	20	1	60	60	153	1
	104	 	 	20	1	60	60	347	1
	105	 	 	 	 	0	 	717	1
	106	 	 	 	 	0	 	280	1
	107	 	 	 	 	0	 	54	1
	108	 	 	6	1	60	60	246	1
	109	 	 	6	1	60	60	769	1
	110	 	 	6	1	60	60	582	1
	111	 	 	6	1	60	60	582	1
	112	 	 	6	1	36	36	155	1
	113	 	 	 	 	0	 	126	1
	114	 	 	6	1	60	60	542	1
	115	 	 	6	1	60	60	770	1
	116	 	 	20	1	60	60	195	1
	117	 	 	20	1	60	60	304	1
	118	 	 	 	 	0	 	393	1
	119	 	 	 	 	0	 	107	1
	120	 	 	 	 	0	 	738	1
	121	 	 	6	1	60	60	673	2
	122	 	 	20	1	60	60	106	1
	123	 	 	6	1	60	60	358	1
	124	 	 	6	1	60	60	429	1
	125	 	 	6	1	60	60	584	1
	126	 	 	6	1	60	60	120	1
	127	 	 	20	1	60	60	470	1
	128	 	 	6	1	60	60	442	1
	129	 	 	 	 	0	 	72	1
	130	 	 	6	1	60	60	743	1
	131	 	 	6	1	36	36	360	1
	132	 	 	20	1	60	60	636	1
	133	 	 	6	1	60	60	484	1
	134	 	 	6	1	60	60	558	1
	135	 	 	6	1	60	60	175	1
	136	 	 	6	1	60	60	390	1
	137	 	 	 	 	0	 	383	1
	138	 	 	6	1	60	60	573	1
	139	 	 	6	1	60	60	775	1
	140	 	 	20	1	60	60	392	1
	141	 	 	6	1	60	60	115	1
	142	 	 	6	1	60	60	221	1
	143	 	 	20	1	60	60	3	1
	144	 	 	20	1	60	60	728	1
	145	 	 	15	1	60	60	732	1
	146	 	 	99	99	60	 	714	1
	147	 	 	20	1	60	60	491	1
	148	 	 	6	1	60	60	659	1
	149	 	 	20	1	60	60	746	1
	150	 	 	20	1	60	60	616	1
	151	 	 	6	1	60	60	219	1
	152	 	 	20	1	36	36	329	1
	153	 	 	20	1	60	60	98	1
	154	 	 	6	1	60	60	688	1
	155	 	 	 	 	0	 	393	1
	156	 	 	6	1	60	60	560	1
	157	 	 	6	1	60	60	593	1
	158	 	 	6	1	60	60	118	1
	159	 	 	6	1	60	60	400	1
	160	 	 	6	1	60	60	110	1
	161	 	 	15	1	60	60	541	1
	162	 	 	20	1	60	60	767	1
	163	 	 	 	 	0	 	667	1
	164	 	 	6	1	60	60	539	1
	165	 	 	6	1	60	60	433	1
	166	 	 	20	1	60	60	189	1
	167	 	 	6	1	60	60	761	1
	168	 	 	 	 	0	 	772	1
	169	 	 	6	1	60	60	691	1
	170	 	 	6	1	60	60	63	1
	171	 	 	 	 	0	 	432	1
	172	 	 	20	1	60	60	653	1
	173	 	 	6	1	60	60	269	1
	174	 	 	6	1	60	60	75	1
	175	 	 	6	1	60	60	494	1
	176	 	 	6	1	60	60	409	1
	177	 	 	6	1	60	60	551	1
	178	 	 	6	1	60	60	617	1
	179	 	 	 	 	0	 	173	1
	180	 	 	6	1	60	60	122	1
	181	 	 	6	1	60	60	658	1
	182	 	 	20	1	60	60	679	1
	183	 	 	6	1	60	60	341	1
	184	 	 	6	1	60	60	170	1
	185	 	 	6	1	60	60	580	1
	186	 	 	6	1	60	60	675	3
	187	 	 	6	1	36	36	540	1
	188	 	 	 	 	0	 	660	1
	189	 	 	6	1	60	60	186	1
	190	 	 	6	1	60	60	643	1
	191	 	 	6	1	60	60	248	1
	192	 	 	6	1	60	60	79	1
	193	 	 	20	1	60	60	213	1
	194	 	 	6	1	60	60	310	1
	195	 	 	6	1	60	60	500	1
	196	 	 	6	1	60	60	190	1
	197	 	 	6	1	60	60	190	2
	198	 	 	6	1	60	60	397	1
	199	 	 	 	 	0	 	46	1
	200	 	 	6	1	60	60	615	2
	201	 	 	6	1	60	60	581	1
	202	 	 	6	1	60	60	635	1
	203	 	 	6	1	60	60	116	1
	204	 	 	 	 	0	 	724	2
	205	 	 	 	 	0	 	80	1
	206	 	 	6	1	60	60	694	1
	207	 	 	6	1	60	60	644	1
	208	 	 	6	1	60	60	499	2
	209	 	 	6	1	60	60	648	1
	210	 	 	6	1	60	60	67	1
	211	 	 	6	1	60	60	601	1
	212	 	 	6	1	60	60	766	1
	213	 	 	6	1	60	60	125	1
	214	 	 	 	 	0	 	699	1
	215	 	 	6	1	60	60	379	1
	216	 	 	6	1	60	60	249	1
	217	 	 	6	1	60	60	565	1
	218	 	 	6	1	60	60	198	1
	219	 	 	6	1	60	60	637	1
	220	 	 	6	1	60	60	229	1
	221	 	 	6	1	60	60	651	1
	222	 	 	6	1	60	60	547	1
	223	 	 	6	1	60	60	737	1
	224	 	 	6	1	60	60	243	1
	225	 	 	6	1	60	60	686	1
	226	 	 	6	1	60	60	587	1
	227	 	 	6	1	60	60	2	1
	228	 	 	99	99	60	 	751	1
	229	 	 	6	1	60	60	214	1
	230	 	 	6	1	60	60	661	1
	231	 	 	6	1	60	60	606	1
	232	 	 	 	 	0	 	657	1
	233	 	 	6	1	60	60	4	1
	234	 	 	6	1	60	60	709	1
	235	 	 	6	1	60	60	129	1
	236	 	 	6	1	60	60	336	1
	237	 	 	6	1	60	60	367	1
	238	 	 	6	1	60	60	676	1
	239	 	 	6	1	60	60	202	1
	240	 	 	6	1	60	60	626	1
	241	 	 	6	1	60	60	235	1
	242	 	 	6	1	60	60	519	1
	243	 	 	6	1	60	60	765	1
	244	 	 	 	 	0	 	752	1
	245	 	 	6	1	60	60	704	1
	246	 	 	6	1	60	60	577	4
	247	 	 	6	1	60	60	232	1
	248	 	 	6	1	60	60	759	1
	249	 	 	 	 	0	 	328	1
	250	 	 	6	1	60	60	330	1
	251	 	 	6	1	60	60	544	1
	252	 	 	6	1	60	60	176	1
	253	 	 	6	1	60	60	84	1
	254	 	 	 	 	0	 	373	1
	255	 	 	6	1	60	60	662	1
	256	 	 	6	1	60	60	324	1
	257	 	 	6	1	60	60	48	1
	258	 	 	6	1	60	60	654	1
	259	 	 	6	1	60	60	604	3
	260	 	 	6	1	60	60	698	1
	261	 	 	6	1	60	60	543	1
	262	 	 	6	1	60	60	183	1
	263	 	 	6	1	60	60	216	1
	264	 	 	6	1	60	60	591	1
	265	 	 	6	1	60	60	576	1
	266	 	 	6	1	60	60	32	1
	267	 	 	6	1	60	60	711	1
	268	 	 	6	1	60	60	538	1
	269	 	 	6	1	60	60	703	1
	270	 	 	 	 	0	 	652	1
	271	 	 	6	1	60	60	692	1
	272	 	 	6	1	60	60	366	1
	273	 	 	6	1	60	60	683	1
	274	 	 	6	1	60	60	41	1
	275	 	 	6	1	60	60	509	1
	276	 	 	6	1	60	60	760	1
	277	 	 	 	 	0	 	696	1
	278	 	 	6	1	60	60	475	1
	279	 	 	6	1	60	60	24	1
	280	 	 	6	1	60	60	629	1
	281	 	 	6	1	60	60	321	1
	282	 	 	6	1	60	60	600	1
	283	 	 	6	1	60	60	707	1
	284	 	 	6	1	60	60	762	1
	285	 	 	 	 	0	 	92	3
	286	 	 	6	1	60	60	693	1
	287	 	 	6	1	60	60	315	1
	288	 	 	6	1	60	60	710	1
	289	 	 	6	1	60	60	252	1
	290	 	 	6	1	60	60	655	1
	291	 	 	6	1	60	60	585	1
	292	 	 	6	1	60	60	385	1
	293	 	 	6	1	60	60	631	1
	294	 	 	6	1	60	60	750	1
	295	 	 	 	 	0	 	596	3
	296	 	 	6	1	60	60	332	1
	297	 	 	6	1	60	60	568	1
	298	 	 	6	1	60	60	609	1
	299	 	 	6	1	60	60	650	1
	300	 	 	6	1	60	60	211	1
	301	 	 	6	1	60	60	164	1
	302	 	 	6	1	60	60	570	1
	303	 	 	6	1	60	60	70	1
	304	 	 	6	1	60	60	463	1
	305	 	 	6	1	60	60	705	1
	306	 	 	6	1	60	60	758	1
	307	 	 	 	 	0	 	7	1
	308	 	 	6	1	60	60	583	1
	309	 	 	6	1	60	60	166	1
	310	 	 	6	1	60	60	645	2
	311	 	 	6	1	60	60	589	1
	312	 	 	6	1	60	60	448	1
	313	 	 	6	1	60	60	663	3
	314	 	 	6	1	60	60	505	1
	315	 	 	6	1	60	60	663	1
	316	 	 	6	1	60	60	663	1
	317	 	 	6	1	60	60	574	1
	318	 	 	6	1	60	60	47	3
	319	 	 	 	 	0	 	503	1
	320	 	 	6	1	60	60	234	1
	321	 	 	 	 	0	 	684	1
	322	 	 	6	1	60	60	306	2
	323	 	 	6	1	60	60	43	1
	324	 	 	6	1	60	60	228	1
	325	 	 	6	1	60	60	83	1
	326	 	 	6	1	60	60	633	1
	327	 	 	6	1	60	60	185	1
	328	 	 	6	1	60	60	47	3
	329	 	 	6	1	60	60	117	1
	330	 	 	6	1	60	60	477	1
	331	 	 	6	1	60	60	670	1
	332	 	 	6	1	60	60	5	1
	333	 	 	6	1	60	60	199	1
	334	 	 	6	1	60	60	757	1
	335	 	 	6	1	60	60	555	1
	336	 	 	6	1	60	60	401	1
	337	 	 	6	1	30	30	713	1
	338	 	 	6	1	60	60	745	1
	339	 	 	6	1	60	60	727	1
	340	 	 	6	1	60	60	193	1
	341	 	 	6	1	60	60	282	1
	342	 	 	6	1	60	60	395	1
	343	 	 	6	1	60	60	209	1
	344	 	 	 	 	0	 	680	4

 

	 	72	73	74	75	76	77	78	79	80
	 	Total Number of
 Borrowers	Self-employment
 Flag	Current ‘Other’
 Monthly Payment	Length of
 Employment:
 Borrower	Length of
 Employment: Co-
 Borrower	Years in Home	FICO Model Used	Most Recent FICO
 Date	Primary Wage
 Earner Original
 FICO: Equifax
	1	 	0	 	2	0	2	1	20100727	 
	2	 	0	 	1	5	4	1	20120702	 
	3	 	0	 	1	0	15	1	20120726	 
	4	 	0	 	16	5	1	1	20100824	 
	5	 	1	 	2	0	7	1	20100930	 
	6	 	1	 	25	0	2	1	20100824	 
	7	 	1	 	10	10	15	1	20111110	 
	8	 	0	 	8	0	40	1	20101021	 
	9	 	0	 	0	0	22	1	20090219	 
	10	 	0	 	10	0	7	1	20101228	 
	11	 	1	 	22	0	38	1	20101227	 
	12	 	1	 	14	0	1	1	20110113	 
	13	 	1	 	8	0	3	1	20110202	 
	14	 	1	 	10	0	7	1	20110311	 
	15	 	0	 	6	0	2	1	20110420	 
	16	 	1	 	6	6	1	1	20110502	 
	17	 	0	 	7	0	7	1	20111123	 
	18	 	1	 	7	0	6	1	20110525	 
	19	 	1	 	20	5	0	1	20110609	 
	20	 	1	 	28	0	0	1	20110620	 
	21	 	1	 	0	0	40	1	20110421	 
	22	 	1	 	50	0	5	1	20110629	 
	23	 	1	 	50	1	2	1	20110808	 
	24	 	1	 	12	0	5	1	20110810	 
	25	 	0	 	0	0	5	1	20110811	 
	26	 	1	 	1	0	18	1	20110817	 
	27	 	1	 	20	0	17	1	20110819	 
	28	 	0	 	20	0	20	1	20110819	 
	29	 	0	 	3	5	4	1	20111214	 
	30	 	1	 	10	0	1	1	20110829	 
	31	 	0	 	5	5	4	1	20110817	 
	32	 	0	 	2	0	3	1	20110914	 
	33	 	0	 	11	0	7	1	20110919	 
	34	 	1	 	24	10	15	1	20110922	 
	35	 	1	 	4	12	3	1	20110915	 
	36	 	0	 	13	7	5	1	20110923	 
	37	 	0	 	5	0	1	1	20110927	 
	38	 	0	 	8	0	0	1	20101028	 
	39	 	0	 	12	1	5	1	20110930	 
	40	 	0	 	4	0	2	1	20111005	 
	41	 	0	 	7	18	7	1	20111007	 
	42	 	0	 	35	30	8	1	20111003	 
	43	 	0	 	3	2	2	1	20111007	 
	44	 	0	 	8	0	8	1	20111012	 
	45	 	0	 	17	7	1	1	20111012	 
	46	 	0	 	15	0	0	1	20111003	 
	47	 	0	 	15	0	16	1	20111003	 
	48	 	0	 	10	0	7	1	20111017	 
	49	 	0	 	21	10	4	1	20111025	 
	50	 	0	 	0	0	20	1	20111025	 
	51	 	1	 	3	5	9	1	20111031	 
	52	 	0	 	4	0	5	1	20111104	 
	53	 	0	 	5	0	1	1	20111110	 
	54	 	0	 	5	0	4	1	20111020	 
	55	 	1	 	8	0	4	1	20111124	 
	56	 	0	 	3	0	5	1	20110514	 
	57	 	1	 	30	0	3	1	20111202	 
	58	 	1	 	30	0	3	1	20111202	 
	59	 	1	 	30	0	3	1	20111202	 
	60	 	0	 	12	1	11	1	20111207	 
	61	 	1	 	20	1	7	1	20111220	 
	62	 	1	 	5	0	7	1	20100922	 
	63	 	0	 	5	0	2	1	20111220	 
	64	 	0	 	2	1	2	1	20111205	 
	65	 	0	 	8	0	4	1	20120112	 
	66	 	0	 	16	12	6	1	20120112	 
	67	 	0	 	20	0	7	1	20120529	 
	68	 	1	 	11	0	2	1	20120106	 
	69	 	0	 	12	0	3	1	20120117	 
	70	 	0	 	4	0	0	1	20120126	 
	71	 	0	 	2	0	5	1	20120411	 
	72	 	1	 	0	0	15	1	20120126	 
	73	 	0	 	0	0	0	1	20120127	 
	74	 	0	 	1	0	6	1	20120131	 
	75	 	1	 	9	9	14	1	20120201	 
	76	 	0	 	2	0	8	1	20120207	 
	77	 	0	 	14	0	0	1	20120208	 
	78	 	0	 	27	22	7	1	20120814	 
	79	 	0	 	15	0	17	1	20120216	 
	80	 	1	 	12	0	13	1	20120216	 
	81	 	0	 	1	0	7	1	20120216	 
	82	 	1	 	28	5	17	1	20120221	 
	83	 	1	 	20	1	13	1	20120224	 
	84	 	0	 	6	2	2	1	20120228	 
	85	 	0	 	10	0	7	1	20120301	 
	86	 	0	 	15	0	8	1	20120620	 
	87	 	0	 	4	1	4	1	20120307	 
	88	 	0	 	27	17	10	1	20120228	 
	89	 	0	 	1	0	9	1	20120308	 
	90	 	1	 	8	3	6	1	20120815	 
	91	 	0	 	11	0	2	1	20120305	 
	92	 	1	 	14	0	14	1	20120303	 
	93	 	1	 	40	0	33	1	20120315	 
	94	 	0	 	4	0	4	1	20120206	 
	95	 	1	 	10	10	0	1	20120127	 
	96	 	0	 	10	18	9	1	20120320	 
	97	 	0	 	1	2	2	1	20120321	 
	98	 	0	 	17	7	1	1	20120322	 
	99	 	0	 	23	12	2	1	20120322	 
	100	 	1	 	10	3	2	1	20120322	 
	101	 	0	 	18	0	7	1	20120326	 
	102	 	0	 	12	10	0	1	20120326	 
	103	 	0	 	14	0	11	1	20120322	 
	104	 	0	 	21	2	2	1	20120518	 
	105	 	1	 	10	0	16	1	20120326	 
	106	 	0	 	1	0	8	1	20120330	 
	107	 	0	 	14	20	18	1	20120402	 
	108	 	0	 	5	6	1	1	20120710	 
	109	 	0	 	5	0	3	1	20120820	 
	110	 	1	 	40	35	3	1	20120416	 
	111	 	1	 	40	35	3	1	20120416	 
	112	 	1	 	11	9	3	1	20120416	 
	113	 	0	 	0	0	2	1	20120418	 
	114	 	0	 	0	0	9	1	20120410	 
	115	 	0	 	5	0	1	1	20120412	 
	116	 	0	 	6	0	8	1	20120420	 
	117	 	0	 	3	1	1	1	20120424	 
	118	 	0	 	7	16	24	1	20120423	 
	119	 	0	 	10	2	20	1	20120417	 
	120	 	0	 	8	0	8	1	20120215	 
	121	 	0	 	6	10	13	1	20120501	 
	122	 	0	 	5	1	1	1	20120501	 
	123	 	0	 	41	0	32	1	20120502	 
	124	 	0	 	1	3	1	1	20120502	 
	125	 	0	 	8	0	17	1	20120502	 
	126	 	0	 	10	5	7	1	20120503	 
	127	 	1	 	2	3	3	1	20120501	 
	128	 	0	 	4	0	2	1	20120723	 
	129	 	1	 	16	0	3	1	20120504	 
	130	 	0	 	11	0	3	1	20120418	 
	131	 	0	 	5	8	2	1	20120503	 
	132	 	1	 	15	15	0	1	20120502	 
	133	 	1	 	30	0	20	1	20120426	 
	134	 	0	 	7	3	1	1	20110202	 
	135	 	0	 	3	0	2	1	20120508	 
	136	 	0	 	3	15	9	1	20120507	 
	137	 	1	 	47	38	7	1	20120508	 
	138	 	1	 	38	0	32	1	20120508	 
	139	 	0	 	3	0	2	1	20120508	 
	140	 	0	 	1	7	3	1	20120508	 
	141	 	1	 	31	0	19	1	20120809	 
	142	 	1	 	16	16	1	1	20120906	 
	143	 	0	 	9	0	2	1	20120510	 
	144	 	1	 	5	12	9	1	20120502	 
	145	 	0	 	21	0	8	1	20120504	 
	146	 	0	 	10	4	5	1	20120511	 
	147	 	0	 	1	30	26	1	20120413	 
	148	 	0	 	9	0	7	1	20120514	 
	149	 	0	 	4	0	3	1	20120425	 
	150	 	0	 	10	3	12	1	20111130	 
	151	 	0	 	2	0	1	1	20120515	 
	152	 	1	 	18	0	8	1	20120522	 
	153	 	0	 	22	16	23	1	20120515	 
	154	 	1	 	20	10	9	1	20120516	 
	155	 	0	 	7	0	24	1	20120423	 
	156	 	0	 	7	3	2	1	20120516	 
	157	 	0	 	4	0	7	1	20110726	 
	158	 	0	 	12	3	4	1	20120517	 
	159	 	0	 	7	0	3	1	20120518	 
	160	 	1	 	20	0	5	1	20120518	 
	161	 	1	 	23	23	1	1	20120521	 
	162	 	0	 	12	7	11	1	20120522	 
	163	 	0	 	18	0	15	1	20120522	 
	164	 	0	 	20	7	3	1	20120523	 
	165	 	0	 	0	0	4	1	20120521	 
	166	 	0	 	4	2	2	1	20120521	 
	167	 	1	 	10	20	10	1	20120523	 
	168	 	1	 	14	10	11	1	20120525	 
	169	 	0	 	3	17	5	1	20120524	 
	170	 	0	 	0	1	19	1	20120523	 
	171	 	0	 	0	0	2	1	20120525	 
	172	 	1	 	15	9	2	1	20120525	 
	173	 	0	 	9	0	7	1	20120524	 
	174	 	0	 	17	1	12	1	20120503	 
	175	 	0	 	3	0	3	1	20120529	 
	176	 	0	 	2	15	6	1	20120524	 
	177	 	1	 	30	0	4	1	20120529	 
	178	 	0	 	8	0	11	1	20120521	 
	179	 	0	 	1	0	5	1	20120718	 
	180	 	0	 	4	0	2	1	20120531	 
	181	 	0	 	10	10	30	1	20120531	 
	182	 	0	 	0	0	31	1	20120530	 
	183	 	0	 	1	0	1	1	20120604	 
	184	 	0	 	0	0	7	1	20120604	 
	185	 	0	 	24	2	14	1	20120605	 
	186	 	1	 	16	5	15	1	20120605	 
	187	 	0	 	2	0	7	1	20120604	 
	188	 	1	 	23	0	1	1	20120605	 
	189	 	0	 	3	2	1	1	20120606	 
	190	 	1	 	4	0	8	1	20120605	 
	191	 	0	 	0	0	2	1	20120604	 
	192	 	1	 	2	0	1	1	20120517	 
	193	 	0	 	6	0	18	1	20110611	 
	194	 	1	 	13	13	3	1	20120409	 
	195	 	0	 	3	3	3	1	20120612	 
	196	 	0	 	20	0	20	1	20120612	 
	197	 	0	 	20	0	20	1	20120612	 
	198	 	0	 	0	0	3	1	20120531	 
	199	 	0	 	3	3	8	1	20120615	 
	200	 	0	 	16	0	9	1	20120618	 
	201	 	0	 	5	0	1	1	20120618	 
	202	 	0	 	5	0	6	1	20120615	 
	203	 	0	 	4	10	10	1	20120618	 
	204	 	0	 	3	6	2	1	20120619	 
	205	 	0	 	7	3	16	1	20120619	 
	206	 	0	 	1	0	3	1	20120620	 
	207	 	1	 	15	15	6	1	20120615	 
	208	 	0	 	0	25	1	1	20120614	 
	209	 	0	 	1	35	12	1	20120614	 
	210	 	0	 	9	0	3	1	20120622	 
	211	 	0	 	7	6	3	1	20120622	 
	212	 	0	 	1	1	2	1	20120622	 
	213	 	0	 	0	2	8	1	20120626	 
	214	 	1	 	5	0	1	1	20120626	 
	215	 	0	 	9	16	1	1	20120521	 
	216	 	0	 	0	0	4	1	20120626	 
	217	 	0	 	12	5	7	1	20120628	 
	218	 	0	 	11	4	16	1	20120628	 
	219	 	1	 	5	8	4	1	20120625	 
	220	 	0	 	1	2	7	1	20120702	 
	221	 	1	 	2	0	7	1	20120621	 
	222	 	0	 	6	6	9	1	20120702	 
	223	 	1	 	10	5	7	1	20120703	 
	224	 	0	 	6	9	7	1	20120620	 
	225	 	0	 	5	3	1	1	20120629	 
	226	 	1	 	38	32	21	1	20120810	 
	227	 	0	 	1	3	1	1	20120709	 
	228	 	1	 	10	0	10	1	20120706	 
	229	 	0	 	8	0	8	1	20120706	 
	230	 	0	 	2	0	0	1	20120628	 
	231	 	0	 	3	4	7	1	20120709	 
	232	 	1	 	0	0	10	1	20120709	 
	233	 	1	 	24	0	17	1	20120705	 
	234	 	0	 	17	0	7	1	20120712	 
	235	 	1	 	27	0	3	1	20120625	 
	236	 	0	 	2	8	5	1	20120711	 
	237	 	1	 	35	10	7	1	20120213	 
	238	 	0	 	12	15	5	1	20120713	 
	239	 	0	 	3	0	11	1	20120712	 
	240	 	0	 	1	24	3	1	20120713	 
	241	 	0	 	3	0	3	1	20120627	 
	242	 	0	 	0	0	8	1	20120711	 
	243	 	0	 	7	15	3	1	20120724	 
	244	 	0	 	0	2	2	1	20120710	 
	245	 	0	 	8	0	13	1	20120713	 
	246	 	1	 	12	0	1	1	20120706	 
	247	 	1	 	10	0	4	1	20120814	 
	248	 	1	 	13	11	2	1	20120717	 
	249	 	0	 	8	6	8	1	20120713	 
	250	 	0	 	9	10	2	1	20120712	 
	251	 	0	 	16	2	10	1	20120718	 
	252	 	0	 	1	5	3	1	20120717	 
	253	 	0	 	1	0	1	1	20120806	 
	254	 	0	 	0	0	7	1	20120709	 
	255	 	1	 	8	2	3	1	20120719	 
	256	 	0	 	1	5	2	1	20120719	 
	257	 	0	 	31	0	4	1	20120618	 
	258	 	1	 	4	2	1	1	20120719	 
	259	 	1	 	11	4	10	1	20120718	 
	260	 	0	 	2	2	1	1	20120718	 
	261	 	1	 	3	4	8	1	20120717	 
	262	 	1	 	7	6	3	1	20120924	 
	263	 	0	 	10	0	1	1	20120720	 
	264	 	1	 	14	0	2	1	20120720	 
	265	 	0	 	10	0	8	1	20120625	 
	266	 	0	 	14	0	14	1	20120723	 
	267	 	1	 	12	12	7	1	20120723	 
	268	 	0	 	11	0	1	1	20120723	 
	269	 	0	 	0	0	15	1	20120717	 
	270	 	1	 	40	0	6	1	20120723	 
	271	 	0	 	1	0	1	1	20120724	 
	272	 	0	 	0	0	2	1	20120718	 
	273	 	1	 	25	0	14	1	20120725	 
	274	 	0	 	3	8	11	1	20120820	 
	275	 	1	 	11	0	2	1	20120719	 
	276	 	0	 	4	6	13	1	20120725	 
	277	 	0	 	14	0	4	1	20120718	 
	278	 	0	 	20	0	17	1	20120628	 
	279	 	0	 	10	0	14	1	20120713	 
	280	 	0	 	2	0	18	1	20120724	 
	281	 	0	 	9	2	2	1	20120727	 
	282	 	1	 	12	6	18	1	20120718	 
	283	 	0	 	7	12	10	1	20120724	 
	284	 	0	 	1	2	4	1	20120731	 
	285	 	0	 	6	0	2	1	20120731	 
	286	 	0	 	1	5	3	1	20120721	 
	287	 	1	 	20	0	20	1	20120731	 
	288	 	0	 	1	13	2	1	20120731	 
	289	 	0	 	0	0	4	1	20120731	 
	290	 	0	 	2	0	5	1	20120730	 
	291	 	0	 	14	4	1	1	20120731	 
	292	 	1	 	1	0	1	1	20120730	 
	293	 	1	 	6	0	2	1	20120731	 
	294	 	0	 	1	7	0	1	20120731	 
	295	 	1	 	5	0	3	1	20120801	 
	296	 	1	 	5	8	2	1	20120724	 
	297	 	1	 	9	9	4	1	20120727	 
	298	 	1	 	15	0	2	1	20120814	 
	299	 	0	 	21	15	20	1	20120802	 
	300	 	0	 	3	8	7	1	20120803	 
	301	 	0	 	5	0	7	1	20120904	 
	302	 	0	 	1	3	1	1	20120802	 
	303	 	0	 	14	0	11	1	20120801	 
	304	 	0	 	17	7	2	1	20120720	 
	305	 	0	 	19	0	9	1	20120731	 
	306	 	0	 	0	0	4	1	20120806	 
	307	 	0	 	0	15	10	1	20120807	 
	308	 	0	 	3	8	7	1	20120807	 
	309	 	0	 	0	4	3	 	20120807	 
	310	 	0	 	1	0	10	1	20120808	 
	311	 	0	 	1	0	4	1	20120806	 
	312	 	0	 	4	7	1	1	20120809	 
	313	 	1	 	9	1	16	1	20120808	 
	314	 	0	 	10	0	25	1	20120809	 
	315	 	1	 	9	1	16	1	20120808	 
	316	 	1	 	9	1	16	1	20120808	 
	317	 	0	 	19	0	3	1	20120809	 
	318	 	0	 	10	2	9	1	20120809	 
	319	 	0	 	0	0	7	1	20120813	 
	320	 	0	 	0	0	3	1	20120813	 
	321	 	1	 	15	0	2	1	20120814	 
	322	 	0	 	1	9	2	1	20120822	 
	323	 	0	 	2	0	1	1	20120820	 
	324	 	0	 	16	24	2	1	20120817	 
	325	 	0	 	6	0	1	1	20120815	 
	326	 	0	 	7	12	2	1	20120820	 
	327	 	0	 	4	4	1	1	20120822	 
	328	 	0	 	10	2	9	1	20120809	 
	329	 	0	 	1	19	9	1	20120827	 
	330	 	0	 	1	7	5	1	20120828	 
	331	 	0	 	6	0	8	1	20120829	 
	332	 	0	 	12	0	3	1	20120829	 
	333	 	0	 	2	0	8	1	20120806	 
	334	 	0	 	2	2	4	1	20120830	 
	335	 	0	 	3	11	2	1	20120830	 
	336	 	0	 	4	0	4	1	20120910	 
	337	 	0	 	4	4	2	1	20120912	 
	338	 	0	 	7	0	7	1	20120911	 
	339	 	0	 	11	0	10	1	20120917	 
	340	 	0	 	0	0	12	1	20120917	 
	341	 	0	 	7	11	2	1	20120829	 
	342	 	0	 	1	1	2	1	20120920	 
	343	 	0	 	1	4	4	1	20120921	 
	344	 	1	 	33	0	11	1	20111102	 

 

	 	81	82	83	84	85	86	87	88	89
	 	Primary Wage
 Earner Original
 FICO: Experian	Primary Wage
 Earner Original
 FICO: TransUnion	Secondary Wage
 Earner Original
 FICO: Equifax	Secondary Wage
 Earner Original
 FICO: Experian	Secondary Wage
 Earner Original
 FICO: TransUnion	Original
 Primary Borrower
 FICO	Most Recent
 Primary Borrower
 FICO	Most Recent Co-
 Borrower FICO	Most Recent FICO
 Method
	1	 	 	 	 	 	809	809	 	3
	2	 	 	 	 	 	799	 	 	 
	3	 	 	 	 	 	800	 	 	 
	4	 	 	 	 	 	766	799	 	3
	5	 	 	 	 	 	772	795	 	3
	6	 	 	 	 	 	777	 	 	 
	7	 	 	 	 	 	812	782	 	3
	8	 	 	 	 	 	820	794	 	3
	9	 	 	 	 	 	820	685	 	3
	10	 	 	 	 	 	710	798	 	3
	11	 	 	 	 	 	726	806	 	3
	12	 	 	 	 	 	817	818	 	3
	13	 	 	 	 	 	727	768	 	3
	14	 	 	 	 	 	800	781	 	3
	15	 	 	 	 	 	771	699	 	3
	16	 	 	 	 	 	788	780	 	3
	17	 	 	 	 	 	787	707	 	3
	18	 	 	 	 	 	795	770	 	3
	19	 	 	 	 	 	746	747	 	3
	20	 	 	 	 	 	807	810	 	3
	21	 	 	 	 	 	784	788	 	3
	22	 	 	 	 	 	798	810	 	3
	23	 	 	 	 	 	788	782	 	3
	24	 	 	 	 	 	791	780	 	3
	25	 	 	 	 	 	810	785	 	3
	26	 	 	 	 	 	805	778	 	3
	27	 	 	 	 	 	772	777	 	3
	28	 	 	 	 	 	809	807	 	3
	29	 	 	 	 	 	777	794	 	3
	30	 	 	 	 	 	790	783	 	3
	31	 	 	 	 	 	752	771	 	3
	32	 	 	 	 	 	800	789	 	3
	33	 	 	 	 	 	786	783	 	3
	34	 	 	 	 	 	803	807	 	3
	35	 	 	 	 	 	751	 	 	 
	36	 	 	 	 	 	800	768	 	3
	37	 	 	 	 	 	770	778	 	3
	38	 	 	 	 	 	791	777	 	3
	39	 	 	 	 	 	748	760	 	3
	40	 	 	 	 	 	792	727	 	3
	41	 	 	 	 	 	781	768	 	3
	42	 	 	 	 	 	760	729	 	3
	43	 	 	 	 	 	810	804	 	3
	44	 	 	 	 	 	802	797	 	3
	45	 	 	 	 	 	778	744	 	3
	46	 	 	 	 	 	793	737	 	3
	47	 	 	 	 	 	804	737	 	3
	48	 	 	 	 	 	814	805	 	3
	49	 	 	 	 	 	770	 	 	 
	50	 	 	 	 	 	790	799	 	3
	51	 	 	 	 	 	811	805	 	3
	52	 	 	 	 	 	772	757	 	3
	53	 	 	 	 	 	675	666	 	3
	54	 	 	 	 	 	752	732	 	3
	55	 	 	 	 	 	759	750	 	3
	56	 	 	 	 	 	780	735	 	3
	57	 	 	 	 	 	701	672	 	3
	58	 	 	 	 	 	701	672	 	3
	59	 	 	 	 	 	701	672	 	3
	60	 	 	 	 	 	795	799	 	3
	61	 	 	 	 	 	766	777	 	3
	62	 	 	 	 	 	816	726	 	3
	63	 	 	 	 	 	750	749	 	3
	64	 	 	 	 	 	714	671	 	3
	65	 	 	 	 	 	717	725	 	3
	66	 	 	 	 	 	795	798	 	3
	67	 	 	 	 	 	797	781	 	3
	68	 	 	 	 	 	793	799	 	3
	69	 	 	 	 	 	717	707	 	3
	70	 	 	 	 	 	778	782	 	3
	71	 	 	 	 	 	746	772	 	3
	72	 	 	 	 	 	825	795	 	3
	73	 	 	 	 	 	789	788	 	3
	74	 	 	 	 	 	782	773	 	3
	75	 	 	 	 	 	774	772	 	3
	76	 	 	 	 	 	728	762	 	3
	77	 	 	 	 	 	790	771	 	3
	78	 	 	 	 	 	772	 	 	 
	79	 	 	 	 	 	793	737	 	3
	80	 	 	 	 	 	772	779	 	3
	81	 	 	 	 	 	781	789	 	3
	82	 	 	 	 	 	793	805	 	3
	83	 	 	 	 	 	694	705	 	3
	84	 	 	 	 	 	771	749	 	3
	85	 	 	 	 	 	800	787	 	3
	86	 	 	 	 	 	751	 	 	 
	87	 	 	 	 	 	763	776	 	3
	88	 	 	 	 	 	818	794	 	3
	89	 	 	 	 	 	796	809	 	3
	90	 	 	 	 	 	771	 	 	 
	91	 	 	 	 	 	777	773	 	3
	92	 	 	 	 	 	787	707	 	3
	93	 	 	 	 	 	807	790	 	3
	94	 	 	 	 	 	781	763	 	3
	95	 	 	 	 	 	763	780	 	3
	96	 	 	 	 	 	800	793	 	3
	97	 	 	 	 	 	797	790	 	3
	98	 	 	 	 	 	758	 	 	 
	99	 	 	 	 	 	813	 	 	 
	100	 	 	 	 	 	809	792	 	3
	101	 	 	 	 	 	724	720	 	3
	102	 	 	 	 	 	816	798	 	3
	103	 	 	 	 	 	750	755	 	3
	104	 	 	 	 	 	787	789	 	3
	105	 	 	 	 	 	810	812	 	3
	106	 	 	 	 	 	717	756	 	3
	107	 	 	 	 	 	806	796	 	3
	108	 	 	 	 	 	797	 	 	 
	109	 	 	 	 	 	779	 	 	 
	110	 	 	 	 	 	771	789	 	3
	111	 	 	 	 	 	771	789	 	3
	112	 	 	 	 	 	766	 	 	 
	113	 	 	 	 	 	808	802	 	3
	114	 	 	 	 	 	819	801	 	3
	115	 	 	 	 	 	765	784	 	3
	116	 	 	 	 	 	803	797	 	3
	117	 	 	 	 	 	777	699	 	3
	118	 	 	 	 	 	804	796	 	3
	119	 	 	 	 	 	792	789	 	3
	120	 	 	 	 	 	785	766	 	3
	121	 	 	 	 	 	762	 	 	 
	122	 	 	 	 	 	787	752	 	3
	123	 	 	 	 	 	812	801	 	3
	124	 	 	 	 	 	799	791	 	3
	125	 	 	 	 	 	784	779	 	3
	126	 	 	 	 	 	809	765	 	3
	127	 	 	 	 	 	778	765	 	3
	128	 	 	 	 	 	797	 	 	 
	129	 	 	 	 	 	715	690	 	3
	130	 	 	 	 	 	729	685	 	3
	131	 	 	 	 	 	773	 	 	 
	132	 	 	 	 	 	781	 	 	 
	133	 	 	 	 	 	796	801	 	3
	134	 	 	 	 	 	753	 	 	 
	135	 	 	 	 	 	731	726	 	3
	136	 	 	 	 	 	785	802	 	3
	137	 	 	 	 	 	778	802	 	3
	138	 	 	 	 	 	772	792	 	3
	139	 	 	 	 	 	796	719	 	3
	140	 	 	 	 	 	798	732	 	3
	141	 	 	 	 	 	763	743	 	3
	142	 	 	 	 	 	746	 	 	 
	143	 	 	 	 	 	786	 	 	 
	144	 	 	 	 	 	811	728	 	3
	145	 	 	 	 	 	786	770	 	3
	146	 	 	 	 	 	800	730	 	3
	147	 	 	 	 	 	778	719	 	3
	148	 	 	 	 	 	761	742	 	3
	149	 	 	 	 	 	791	770	 	3
	150	 	 	 	 	 	786	790	 	3
	151	 	 	 	 	 	790	 	 	 
	152	 	 	 	 	 	753	798	 	3
	153	 	 	 	 	 	790	751	 	3
	154	 	 	 	 	 	799	797	 	3
	155	 	 	 	 	 	804	796	 	3
	156	 	 	 	 	 	783	796	 	3
	157	 	 	 	 	 	746	693	 	3
	158	 	 	 	 	 	700	690	 	3
	159	 	 	 	 	 	772	764	 	3
	160	 	 	 	 	 	749	750	 	3
	161	 	 	 	 	 	795	778	 	3
	162	 	 	 	 	 	799	777	 	3
	163	 	 	 	 	 	727	739	 	3
	164	 	 	 	 	 	768	766	 	3
	165	 	 	 	 	 	795	791	 	3
	166	 	 	 	 	 	772	783	 	3
	167	 	 	 	 	 	786	786	 	3
	168	 	 	 	 	 	783	 	 	 
	169	 	 	 	 	 	768	772	 	3
	170	 	 	 	 	 	788	737	 	3
	171	 	 	 	 	 	758	743	 	3
	172	 	 	 	 	 	770	767	 	3
	173	 	 	 	 	 	780	757	 	3
	174	 	 	 	 	 	791	779	 	3
	175	 	 	 	 	 	791	801	 	3
	176	 	 	 	 	 	794	 	 	 
	177	 	 	 	 	 	761	 	 	 
	178	 	 	 	 	 	755	 	 	 
	179	 	 	 	 	 	789	 	 	 
	180	 	 	 	 	 	770	 	 	 
	181	 	 	 	 	 	797	779	 	3
	182	 	 	 	 	 	780	802	 	3
	183	 	 	 	 	 	697	674	 	3
	184	 	 	 	 	 	800	 	 	 
	185	 	 	 	 	 	732	788	 	3
	186	 	 	 	 	 	779	769	 	3
	187	 	 	 	 	 	798	 	 	 
	188	 	 	 	 	 	792	 	 	 
	189	 	 	 	 	 	791	778	 	3
	190	 	 	 	 	 	748	 	 	 
	191	 	 	 	 	 	760	 	 	 
	192	 	 	 	 	 	751	663	 	3
	193	 	 	 	 	 	802	786	 	3
	194	 	 	 	 	 	763	750	 	3
	195	 	 	 	 	 	784	 	 	 
	196	 	 	 	 	 	765	778	 	3
	197	 	 	 	 	 	766	778	 	3
	198	 	 	 	 	 	788	 	 	 
	199	 	 	 	 	 	816	 	 	 
	200	 	 	 	 	 	793	 	 	 
	201	 	 	 	 	 	802	751	 	3
	202	 	 	 	 	 	760	780	 	3
	203	 	 	 	 	 	738	 	 	 
	204	 	 	 	 	 	792	 	 	 
	205	 	 	 	 	 	792	 	 	 
	206	 	 	 	 	 	716	737	 	3
	207	 	 	 	 	 	802	814	 	3
	208	 	 	 	 	 	814	 	 	 
	209	 	 	 	 	 	785	 	 	 
	210	 	 	 	 	 	809	 	 	 
	211	 	 	 	 	 	792	 	 	 
	212	 	 	 	 	 	749	713	 	3
	213	 	 	 	 	 	811	786	 	3
	214	 	 	 	 	 	808	 	 	 
	215	 	 	 	 	 	793	 	 	 
	216	 	 	 	 	 	775	 	 	 
	217	 	 	 	 	 	782	 	 	 
	218	 	 	 	 	 	777	 	 	 
	219	 	 	 	 	 	767	 	 	 
	220	 	 	 	 	 	817	 	 	 
	221	 	 	 	 	 	741	 	 	 
	222	 	 	 	 	 	787	765	 	3
	223	 	 	 	 	 	789	780	 	3
	224	 	 	 	 	 	811	766	 	3
	225	 	 	 	 	 	783	 	 	 
	226	 	 	 	 	 	808	 	 	 
	227	 	 	 	 	 	751	 	 	 
	228	 	 	 	 	 	767	 	 	 
	229	 	 	 	 	 	800	 	 	 
	230	 	 	 	 	 	792	 	 	 
	231	 	 	 	 	 	796	 	 	 
	232	 	 	 	 	 	822	 	 	 
	233	 	 	 	 	 	798	 	 	 
	234	 	 	 	 	 	801	 	 	 
	235	 	 	 	 	 	762	 	 	 
	236	 	 	 	 	 	787	 	 	 
	237	 	 	 	 	 	795	 	 	 
	238	 	 	 	 	 	775	 	 	 
	239	 	 	 	 	 	809	 	 	 
	240	 	 	 	 	 	806	 	 	 
	241	 	 	 	 	 	800	 	 	 
	242	 	 	 	 	 	782	 	 	 
	243	 	 	 	 	 	814	 	 	 
	244	 	 	 	 	 	798	 	 	 
	245	 	 	 	 	 	800	 	 	 
	246	 	 	 	 	 	770	 	 	 
	247	 	 	 	 	 	809	 	 	 
	248	 	 	 	 	 	804	 	 	 
	249	 	 	 	 	 	799	 	 	 
	250	 	 	 	 	 	809	 	 	 
	251	 	 	 	 	 	793	 	 	 
	252	 	 	 	 	 	764	 	 	 
	253	 	 	 	 	 	757	 	 	 
	254	 	 	 	 	 	816	 	 	 
	255	 	 	 	 	 	812	 	 	 
	256	 	 	 	 	 	792	 	 	 
	257	 	 	 	 	 	808	 	 	 
	258	 	 	 	 	 	781	 	 	 
	259	 	 	 	 	 	801	 	 	 
	260	 	 	 	 	 	808	 	 	 
	261	 	 	 	 	 	753	 	 	 
	262	 	 	 	 	 	787	 	 	 
	263	 	 	 	 	 	799	 	 	 
	264	 	 	 	 	 	728	 	 	 
	265	 	 	 	 	 	783	 	 	 
	266	 	 	 	 	 	790	 	 	 
	267	 	 	 	 	 	802	 	 	 
	268	 	 	 	 	 	798	 	 	 
	269	 	 	 	 	 	723	 	 	 
	270	 	 	 	 	 	815	 	 	 
	271	 	 	 	 	 	773	 	 	 
	272	 	 	 	 	 	702	 	 	 
	273	 	 	 	 	 	768	 	 	 
	274	 	 	 	 	 	766	 	 	 
	275	 	 	 	 	 	802	 	 	 
	276	 	 	 	 	 	795	 	 	 
	277	 	 	 	 	 	788	 	 	 
	278	 	 	 	 	 	780	 	 	 
	279	 	 	 	 	 	790	 	 	 
	280	 	 	 	 	 	800	 	 	 
	281	 	 	 	 	 	800	 	 	 
	282	 	 	 	 	 	795	 	 	 
	283	 	 	 	 	 	798	 	 	 
	284	 	 	 	 	 	789	 	 	 
	285	 	 	 	 	 	786	 	 	 
	286	 	 	 	 	 	761	 	 	 
	287	 	 	 	 	 	773	 	 	 
	288	 	 	 	 	 	796	 	 	 
	289	 	 	 	 	 	779	 	 	 
	290	 	 	 	 	 	778	 	 	 
	291	 	 	 	 	 	786	 	 	 
	292	 	 	 	 	 	815	 	 	 
	293	 	 	 	 	 	796	 	 	 
	294	 	 	 	 	 	784	 	 	 
	295	 	 	 	 	 	786	 	 	 
	296	 	 	 	 	 	803	 	 	 
	297	 	 	 	 	 	793	 	 	 
	298	 	 	 	 	 	787	 	 	 
	299	 	 	 	 	 	775	 	 	 
	300	 	 	 	 	 	789	 	 	 
	301	 	 	 	 	 	765	 	 	 
	302	 	 	 	 	 	779	 	 	 
	303	 	 	 	 	 	789	 	 	 
	304	 	 	 	 	 	739	 	 	 
	305	 	 	 	 	 	791	 	 	 
	306	 	 	 	 	 	798	 	 	 
	307	 	 	 	 	 	752	 	 	 
	308	 	 	 	 	 	801	 	 	 
	309	 	 	 	 	 	804	 	 	 
	310	 	 	 	 	 	794	 	 	 
	311	 	 	 	 	 	775	 	 	 
	312	 	 	 	 	 	817	 	 	 
	313	 	 	 	 	 	797	 	 	 
	314	 	 	 	 	 	805	 	 	 
	315	 	 	 	 	 	797	 	 	 
	316	 	 	 	 	 	797	 	 	 
	317	 	 	 	 	 	797	 	 	 
	318	 	 	 	 	 	777	 	 	 
	319	 	 	 	 	 	813	 	 	 
	320	 	 	 	 	 	788	 	 	 
	321	 	 	 	 	 	737	 	 	 
	322	 	 	 	 	 	799	 	 	 
	323	 	 	 	 	 	769	 	 	 
	324	 	 	 	 	 	803	 	 	 
	325	 	 	 	 	 	802	 	 	 
	326	 	 	 	 	 	807	 	 	 
	327	 	 	 	 	 	804	 	 	 
	328	 	 	 	 	 	777	 	 	 
	329	 	 	 	 	 	779	 	 	 
	330	 	 	 	 	 	762	 	 	 
	331	 	 	 	 	 	790	 	 	 
	332	 	 	 	 	 	782	 	 	 
	333	 	 	 	 	 	794	 	 	 
	334	 	 	 	 	 	777	 	 	 
	335	 	 	 	 	 	732	 	 	 
	336	 	 	 	 	 	780	 	 	 
	337	 	 	 	 	 	785	 	 	 
	338	 	 	 	 	 	801	 	 	 
	339	 	 	 	 	 	778	 	 	 
	340	 	 	 	 	 	803	 	 	 
	341	 	 	 	 	 	793	 	 	 
	342	 	 	 	 	 	798	 	 	 
	343	 	 	 	 	 	798	 	 	 
	344	 	 	 	 	 	811	785	 	3

 

	 	90	91	92	93	94	95	96	97	98
	 	VantageScore:
 Primary Borrower	VantageScore: Co-
 Borrower	Most Recent
 VantageScore
 Method	VantageScore Date	Credit Report:
 Longest Trade Line	Credit Report:
 Maximum Trade
 Line	Credit Report:
 Number of Trade
 Lines	Credit Line Usage
 Ratio	Most Recent 12-
 month Pay History
	1	 	 	 	 	 	 	 	 	000000000000
	2	 	 	 	 	 	 	 	 	000000000000
	3	 	 	 	 	 	 	 	 	000000000000
	4	 	 	 	 	 	 	 	 	000000000000
	5	 	 	 	 	 	 	 	 	000000000000
	6	 	 	 	 	 	 	 	 	000000000000
	7	 	 	 	 	 	 	 	 	000000000000
	8	 	 	 	 	 	 	 	 	000000000000
	9	 	 	 	 	 	 	 	 	000000000000
	10	 	 	 	 	 	 	 	 	000000000000
	11	 	 	 	 	 	 	 	 	000000000000
	12	 	 	 	 	 	 	 	 	000000000000
	13	 	 	 	 	 	 	 	 	000000000000
	14	 	 	 	 	 	 	 	 	000000000000
	15	 	 	 	 	 	 	 	 	000000000000
	16	 	 	 	 	 	 	 	 	000000000000
	17	 	 	 	 	 	 	 	 	000000000000
	18	 	 	 	 	 	 	 	 	000000000000
	19	 	 	 	 	 	 	 	 	000000000000
	20	 	 	 	 	 	 	 	 	000000000000
	21	 	 	 	 	 	 	 	 	000000000000
	22	 	 	 	 	 	 	 	 	000000000000
	23	 	 	 	 	 	 	 	 	000000000000
	24	 	 	 	 	 	 	 	 	000000000000
	25	 	 	 	 	 	 	 	 	000000000000
	26	 	 	 	 	 	 	 	 	000000000000
	27	 	 	 	 	 	 	 	 	000000000000
	28	 	 	 	 	 	 	 	 	000000000000
	29	 	 	 	 	 	 	 	 	000000000000
	30	 	 	 	 	 	 	 	 	000000000000
	31	 	 	 	 	 	 	 	 	000000000000
	32	 	 	 	 	 	 	 	 	000000000000
	33	 	 	 	 	 	 	 	 	000000000000
	34	 	 	 	 	 	 	 	 	000000000000
	35	 	 	 	 	 	 	 	 	000000000000
	36	 	 	 	 	 	 	 	 	000000000000
	37	 	 	 	 	 	 	 	 	000000000000
	38	 	 	 	 	 	 	 	 	000000000000
	39	 	 	 	 	 	 	 	 	000000000000
	40	 	 	 	 	 	 	 	 	000000000000
	41	 	 	 	 	 	 	 	 	000000000000
	42	 	 	 	 	 	 	 	 	000000000000
	43	 	 	 	 	 	 	 	 	000000000000
	44	 	 	 	 	 	 	 	 	000000000000
	45	 	 	 	 	 	 	 	 	000000000000
	46	 	 	 	 	 	 	 	 	000000000000
	47	 	 	 	 	 	 	 	 	000000000000
	48	 	 	 	 	 	 	 	 	000000000000
	49	 	 	 	 	 	 	 	 	000000000000
	50	 	 	 	 	 	 	 	 	000000000000
	51	 	 	 	 	 	 	 	 	000000000000
	52	 	 	 	 	 	 	 	 	000000000000
	53	 	 	 	 	 	 	 	 	000000000000
	54	 	 	 	 	 	 	 	 	000000000000
	55	 	 	 	 	 	 	 	 	000000000000
	56	 	 	 	 	 	 	 	 	000000000000
	57	 	 	 	 	 	 	 	 	000000000000
	58	 	 	 	 	 	 	 	 	000000000000
	59	 	 	 	 	 	 	 	 	000000000000
	60	 	 	 	 	 	 	 	 	000000000000
	61	 	 	 	 	 	 	 	 	000000000000
	62	 	 	 	 	 	 	 	 	000000000000
	63	 	 	 	 	 	 	 	 	000000000000
	64	 	 	 	 	 	 	 	 	000000000000
	65	 	 	 	 	 	 	 	 	000000000000
	66	 	 	 	 	 	 	 	 	000000000000
	67	 	 	 	 	 	 	 	 	000000000000
	68	 	 	 	 	 	 	 	 	000000000000
	69	 	 	 	 	 	 	 	 	000000000000
	70	 	 	 	 	 	 	 	 	000000000000
	71	 	 	 	 	 	 	 	 	000000000000
	72	 	 	 	 	 	 	 	 	000000000000
	73	 	 	 	 	 	 	 	 	000000000000
	74	 	 	 	 	 	 	 	 	000000000000
	75	 	 	 	 	 	 	 	 	000000000000
	76	 	 	 	 	 	 	 	 	000000000000
	77	 	 	 	 	 	 	 	 	000000000000
	78	 	 	 	 	 	 	 	 	000000000000
	79	 	 	 	 	 	 	 	 	000000000000
	80	 	 	 	 	 	 	 	 	000000000000
	81	 	 	 	 	 	 	 	 	000000000000
	82	 	 	 	 	 	 	 	 	000000000000
	83	 	 	 	 	 	 	 	 	000000000000
	84	 	 	 	 	 	 	 	 	000000000000
	85	 	 	 	 	 	 	 	 	000000000000
	86	 	 	 	 	 	 	 	 	000000000000
	87	 	 	 	 	 	 	 	 	000000000000
	88	 	 	 	 	 	 	 	 	000000000000
	89	 	 	 	 	 	 	 	 	000000000000
	90	 	 	 	 	 	 	 	 	000000000000
	91	 	 	 	 	 	 	 	 	000000000000
	92	 	 	 	 	 	 	 	 	000000000000
	93	 	 	 	 	 	 	 	 	000000000000
	94	 	 	 	 	 	 	 	 	000000000000
	95	 	 	 	 	 	 	 	 	000000000000
	96	 	 	 	 	 	 	 	 	000000000000
	97	 	 	 	 	 	 	 	 	000000000000
	98	 	 	 	 	 	 	 	 	000000000000
	99	 	 	 	 	 	 	 	 	000000000000
	100	 	 	 	 	 	 	 	 	000000000000
	101	 	 	 	 	 	 	 	 	000000000000
	102	 	 	 	 	 	 	 	 	000000000000
	103	 	 	 	 	 	 	 	 	000000000000
	104	 	 	 	 	 	 	 	 	000000000000
	105	 	 	 	 	 	 	 	 	000000000000
	106	 	 	 	 	 	 	 	 	000000000000
	107	 	 	 	 	 	 	 	 	000000000000
	108	 	 	 	 	 	 	 	 	000000000000
	109	 	 	 	 	 	 	 	 	000000000000
	110	 	 	 	 	 	 	 	 	000000000000
	111	 	 	 	 	 	 	 	 	000000000000
	112	 	 	 	 	 	 	 	 	000000000000
	113	 	 	 	 	 	 	 	 	000000000000
	114	 	 	 	 	 	 	 	 	000000000000
	115	 	 	 	 	 	 	 	 	000000000000
	116	 	 	 	 	 	 	 	 	000000000000
	117	 	 	 	 	 	 	 	 	000000000000
	118	 	 	 	 	 	 	 	 	000000000000
	119	 	 	 	 	 	 	 	 	000000000000
	120	 	 	 	 	 	 	 	 	000000000000
	121	 	 	 	 	 	 	 	 	000000000000
	122	 	 	 	 	 	 	 	 	000000000000
	123	 	 	 	 	 	 	 	 	000000000000
	124	 	 	 	 	 	 	 	 	000000000000
	125	 	 	 	 	 	 	 	 	000000000000
	126	 	 	 	 	 	 	 	 	000000000000
	127	 	 	 	 	 	 	 	 	000000000000
	128	 	 	 	 	 	 	 	 	000000000000
	129	 	 	 	 	 	 	 	 	000000000000
	130	 	 	 	 	 	 	 	 	000000000000
	131	 	 	 	 	 	 	 	 	000000000000
	132	 	 	 	 	 	 	 	 	000000000000
	133	 	 	 	 	 	 	 	 	000000000000
	134	 	 	 	 	 	 	 	 	000000000000
	135	 	 	 	 	 	 	 	 	000000000000
	136	 	 	 	 	 	 	 	 	000000000000
	137	 	 	 	 	 	 	 	 	000000000000
	138	 	 	 	 	 	 	 	 	000000000000
	139	 	 	 	 	 	 	 	 	000000000000
	140	 	 	 	 	 	 	 	 	000000000000
	141	 	 	 	 	 	 	 	 	000000000000
	142	 	 	 	 	 	 	 	 	000000000000
	143	 	 	 	 	 	 	 	 	000000000000
	144	 	 	 	 	 	 	 	 	000000000000
	145	 	 	 	 	 	 	 	 	000000000000
	146	 	 	 	 	 	 	 	 	000000000000
	147	 	 	 	 	 	 	 	 	000000000000
	148	 	 	 	 	 	 	 	 	000000000000
	149	 	 	 	 	 	 	 	 	000000000000
	150	 	 	 	 	 	 	 	 	000000000000
	151	 	 	 	 	 	 	 	 	000000000000
	152	 	 	 	 	 	 	 	 	000000000000
	153	 	 	 	 	 	 	 	 	000000000000
	154	 	 	 	 	 	 	 	 	000000000000
	155	 	 	 	 	 	 	 	 	000000000000
	156	 	 	 	 	 	 	 	 	000000000000
	157	 	 	 	 	 	 	 	 	000000000000
	158	 	 	 	 	 	 	 	 	000000000000
	159	 	 	 	 	 	 	 	 	000000000000
	160	 	 	 	 	 	 	 	 	000000000000
	161	 	 	 	 	 	 	 	 	000000000000
	162	 	 	 	 	 	 	 	 	000000000000
	163	 	 	 	 	 	 	 	 	000000000000
	164	 	 	 	 	 	 	 	 	000000000000
	165	 	 	 	 	 	 	 	 	000000000000
	166	 	 	 	 	 	 	 	 	000000000000
	167	 	 	 	 	 	 	 	 	000000000000
	168	 	 	 	 	 	 	 	 	000000000000
	169	 	 	 	 	 	 	 	 	000000000000
	170	 	 	 	 	 	 	 	 	000000000000
	171	 	 	 	 	 	 	 	 	000000000000
	172	 	 	 	 	 	 	 	 	000000000000
	173	 	 	 	 	 	 	 	 	000000000000
	174	 	 	 	 	 	 	 	 	000000000000
	175	 	 	 	 	 	 	 	 	000000000000
	176	 	 	 	 	 	 	 	 	000000000000
	177	 	 	 	 	 	 	 	 	000000000000
	178	 	 	 	 	 	 	 	 	000000000000
	179	 	 	 	 	 	 	 	 	000000000000
	180	 	 	 	 	 	 	 	 	000000000000
	181	 	 	 	 	 	 	 	 	000000000000
	182	 	 	 	 	 	 	 	 	000000000000
	183	 	 	 	 	 	 	 	 	000000000000
	184	 	 	 	 	 	 	 	 	000000000000
	185	 	 	 	 	 	 	 	 	000000000000
	186	 	 	 	 	 	 	 	 	000000000000
	187	 	 	 	 	 	 	 	 	000000000000
	188	 	 	 	 	 	 	 	 	000000000000
	189	 	 	 	 	 	 	 	 	000000000000
	190	 	 	 	 	 	 	 	 	000000000000
	191	 	 	 	 	 	 	 	 	000000000000
	192	 	 	 	 	 	 	 	 	000000000000
	193	 	 	 	 	 	 	 	 	000000000000
	194	 	 	 	 	 	 	 	 	000000000000
	195	 	 	 	 	 	 	 	 	000000000000
	196	 	 	 	 	 	 	 	 	000000000000
	197	 	 	 	 	 	 	 	 	000000000000
	198	 	 	 	 	 	 	 	 	000000000000
	199	 	 	 	 	 	 	 	 	000000000000
	200	 	 	 	 	 	 	 	 	000000000000
	201	 	 	 	 	 	 	 	 	000000000000
	202	 	 	 	 	 	 	 	 	000000000000
	203	 	 	 	 	 	 	 	 	000000000000
	204	 	 	 	 	 	 	 	 	000000000000
	205	 	 	 	 	 	 	 	 	000000000000
	206	 	 	 	 	 	 	 	 	000000000000
	207	 	 	 	 	 	 	 	 	000000000000
	208	 	 	 	 	 	 	 	 	000000000000
	209	 	 	 	 	 	 	 	 	000000000000
	210	 	 	 	 	 	 	 	 	000000000000
	211	 	 	 	 	 	 	 	 	000000000000
	212	 	 	 	 	 	 	 	 	000000000000
	213	 	 	 	 	 	 	 	 	000000000000
	214	 	 	 	 	 	 	 	 	000000000000
	215	 	 	 	 	 	 	 	 	000000000000
	216	 	 	 	 	 	 	 	 	000000000000
	217	 	 	 	 	 	 	 	 	000000000000
	218	 	 	 	 	 	 	 	 	000000000000
	219	 	 	 	 	 	 	 	 	000000000000
	220	 	 	 	 	 	 	 	 	000000000000
	221	 	 	 	 	 	 	 	 	000000000000
	222	 	 	 	 	 	 	 	 	000000000000
	223	 	 	 	 	 	 	 	 	000000000000
	224	 	 	 	 	 	 	 	 	000000000000
	225	 	 	 	 	 	 	 	 	000000000000
	226	 	 	 	 	 	 	 	 	000000000000
	227	 	 	 	 	 	 	 	 	000000000000
	228	 	 	 	 	 	 	 	 	000000000000
	229	 	 	 	 	 	 	 	 	000000000000
	230	 	 	 	 	 	 	 	 	000000000000
	231	 	 	 	 	 	 	 	 	000000000000
	232	 	 	 	 	 	 	 	 	000000000000
	233	 	 	 	 	 	 	 	 	000000000000
	234	 	 	 	 	 	 	 	 	000000000000
	235	 	 	 	 	 	 	 	 	000000000000
	236	 	 	 	 	 	 	 	 	000000000000
	237	 	 	 	 	 	 	 	 	000000000000
	238	 	 	 	 	 	 	 	 	000000000000
	239	 	 	 	 	 	 	 	 	000000000000
	240	 	 	 	 	 	 	 	 	000000000000
	241	 	 	 	 	 	 	 	 	000000000000
	242	 	 	 	 	 	 	 	 	000000000000
	243	 	 	 	 	 	 	 	 	000000000000
	244	 	 	 	 	 	 	 	 	000000000000
	245	 	 	 	 	 	 	 	 	000000000000
	246	 	 	 	 	 	 	 	 	000000000000
	247	 	 	 	 	 	 	 	 	000000000000
	248	 	 	 	 	 	 	 	 	000000000000
	249	 	 	 	 	 	 	 	 	000000000000
	250	 	 	 	 	 	 	 	 	000000000000
	251	 	 	 	 	 	 	 	 	000000000000
	252	 	 	 	 	 	 	 	 	000000000000
	253	 	 	 	 	 	 	 	 	000000000000
	254	 	 	 	 	 	 	 	 	000000000000
	255	 	 	 	 	 	 	 	 	000000000000
	256	 	 	 	 	 	 	 	 	000000000000
	257	 	 	 	 	 	 	 	 	000000000000
	258	 	 	 	 	 	 	 	 	000000000000
	259	 	 	 	 	 	 	 	 	000000000000
	260	 	 	 	 	 	 	 	 	000000000000
	261	 	 	 	 	 	 	 	 	000000000000
	262	 	 	 	 	 	 	 	 	000000000000
	263	 	 	 	 	 	 	 	 	000000000000
	264	 	 	 	 	 	 	 	 	000000000000
	265	 	 	 	 	 	 	 	 	000000000000
	266	 	 	 	 	 	 	 	 	000000000000
	267	 	 	 	 	 	 	 	 	000000000000
	268	 	 	 	 	 	 	 	 	000000000000
	269	 	 	 	 	 	 	 	 	000000000000
	270	 	 	 	 	 	 	 	 	000000000000
	271	 	 	 	 	 	 	 	 	000000000000
	272	 	 	 	 	 	 	 	 	000000000000
	273	 	 	 	 	 	 	 	 	000000000000
	274	 	 	 	 	 	 	 	 	000000000000
	275	 	 	 	 	 	 	 	 	000000000000
	276	 	 	 	 	 	 	 	 	000000000000
	277	 	 	 	 	 	 	 	 	000000000000
	278	 	 	 	 	 	 	 	 	000000000000
	279	 	 	 	 	 	 	 	 	000000000000
	280	 	 	 	 	 	 	 	 	000000000000
	281	 	 	 	 	 	 	 	 	000000000000
	282	 	 	 	 	 	 	 	 	000000000000
	283	 	 	 	 	 	 	 	 	000000000000
	284	 	 	 	 	 	 	 	 	000000000000
	285	 	 	 	 	 	 	 	 	000000000000
	286	 	 	 	 	 	 	 	 	000000000000
	287	 	 	 	 	 	 	 	 	000000000000
	288	 	 	 	 	 	 	 	 	000000000000
	289	 	 	 	 	 	 	 	 	000000000000
	290	 	 	 	 	 	 	 	 	000000000000
	291	 	 	 	 	 	 	 	 	000000000000
	292	 	 	 	 	 	 	 	 	000000000000
	293	 	 	 	 	 	 	 	 	000000000000
	294	 	 	 	 	 	 	 	 	000000000000
	295	 	 	 	 	 	 	 	 	000000000000
	296	 	 	 	 	 	 	 	 	000000000000
	297	 	 	 	 	 	 	 	 	000000000000
	298	 	 	 	 	 	 	 	 	000000000000
	299	 	 	 	 	 	 	 	 	000000000000
	300	 	 	 	 	 	 	 	 	000000000000
	301	 	 	 	 	 	 	 	 	000000000000
	302	 	 	 	 	 	 	 	 	000000000000
	303	 	 	 	 	 	 	 	 	000000000000
	304	 	 	 	 	 	 	 	 	000000000000
	305	 	 	 	 	 	 	 	 	000000000000
	306	 	 	 	 	 	 	 	 	000000000000
	307	 	 	 	 	 	 	 	 	000000000000
	308	 	 	 	 	 	 	 	 	000000000000
	309	 	 	 	 	 	 	 	 	000000000000
	310	 	 	 	 	 	 	 	 	000000000000
	311	 	 	 	 	 	 	 	 	000000000000
	312	 	 	 	 	 	 	 	 	000000000000
	313	 	 	 	 	 	 	 	 	000000000000
	314	 	 	 	 	 	 	 	 	000000000000
	315	 	 	 	 	 	 	 	 	000000000000
	316	 	 	 	 	 	 	 	 	000000000000
	317	 	 	 	 	 	 	 	 	000000000000
	318	 	 	 	 	 	 	 	 	000000000000
	319	 	 	 	 	 	 	 	 	000000000000
	320	 	 	 	 	 	 	 	 	000000000000
	321	 	 	 	 	 	 	 	 	000000000000
	322	 	 	 	 	 	 	 	 	000000000000
	323	 	 	 	 	 	 	 	 	000000000000
	324	 	 	 	 	 	 	 	 	000000000000
	325	 	 	 	 	 	 	 	 	000000000000
	326	 	 	 	 	 	 	 	 	000000000000
	327	 	 	 	 	 	 	 	 	000000000000
	328	 	 	 	 	 	 	 	 	000000000000
	329	 	 	 	 	 	 	 	 	000000000000
	330	 	 	 	 	 	 	 	 	000000000000
	331	 	 	 	 	 	 	 	 	000000000000
	332	 	 	 	 	 	 	 	 	000000000000
	333	 	 	 	 	 	 	 	 	000000000000
	334	 	 	 	 	 	 	 	 	000000000000
	335	 	 	 	 	 	 	 	 	000000000000
	336	 	 	 	 	 	 	 	 	000000000000
	337	 	 	 	 	 	 	 	 	000000000000
	338	 	 	 	 	 	 	 	 	000000000000
	339	 	 	 	 	 	 	 	 	000000000000
	340	 	 	 	 	 	 	 	 	000000000000
	341	 	 	 	 	 	 	 	 	000000000000
	342	 	 	 	 	 	 	 	 	000000000000
	343	 	 	 	 	 	 	 	 	000000000000
	344	 	 	 	 	 	 	 	 	000000000000

 

	 	99	100	101	102	103	104	105	106
	 	Months Bankruptcy	Months Foreclosure	Primary Borrower
 Wage Income	Co-Borrower Wage
 Income	Primary Borrower
 Other Income	Co-Borrower Other
 Income	All Borrower Wage
 Income	All Borrower Total
 Income
	1	 	 	8325.40	0.00	0.00	0.00	8325.40	8325.40
	2	 	 	5833.34	8220.90	0.00	0.00	14054.24	14054.24
	3	 	 	12500.00	0.00	39908.97	0.00	12500.00	52408.97
	4	 	 	24062.50	0.00	198667.40	0.00	24062.50	222729.90
	5	 	 	20437.58	0.00	0.00	0.00	20437.58	20437.58
	6	 	 	0.00	0.00	247247.30	0.00	0.00	247247.30
	7	 	 	0.00	26444.20	24193.00	0.00	26444.20	50637.20
	8	 	 	11455.00	74.51	2299.67	0.00	11529.51	13829.18
	9	 	 	0.00	0.00	6953.17	0.00	0.00	6953.17
	10	 	 	8831.33	0.00	3752.33	0.00	8831.33	12583.66
	11	 	 	54749.50	0.00	0.00	0.00	54749.50	54749.50
	12	 	 	18952.00	0.00	0.00	0.00	18952.00	18952.00
	13	 	 	7392.95	0.00	0.00	0.00	7392.95	7392.95
	14	 	 	75000.00	0.00	1976.00	0.00	75000.00	76976.00
	15	 	 	20833.33	0.00	9898.00	0.00	20833.33	30731.33
	16	 	 	0.00	0.00	76656.17	0.00	0.00	76656.17
	17	 	 	16250.00	0.00	223.45	0.00	16250.00	16473.45
	18	 	 	16666.67	0.00	8104.17	0.00	16666.67	24770.84
	19	 	 	5962.33	2709.83	6901.25	1515.00	8672.16	17088.41
	20	 	 	0.00	0.00	40973.42	0.00	0.00	40973.42
	21	 	 	0.00	0.00	14250.25	0.00	0.00	14250.25
	22	 	 	217068.00	0.00	0.00	0.00	217068.00	217068.00
	23	 	 	0.00	0.00	0.00	20573.33	0.00	20573.33
	24	 	 	0.00	0.00	40839.33	0.00	0.00	40839.33
	25	 	 	0.00	68373.94	695.00	0.00	68373.94	69068.94
	26	 	 	0.00	0.00	15176.91	0.00	0.00	15176.91
	27	 	 	11784.00	0.00	30686.17	0.00	11784.00	42470.17
	28	 	 	15000.00	0.00	11380.83	0.00	15000.00	26380.83
	29	 	 	0.00	0.00	39004.01	0.00	0.00	39004.01
	30	 	 	6277.54	0.00	9563.46	0.00	6277.54	15841.00
	31	 	 	11033.92	6456.58	0.00	0.00	17490.50	17490.50
	32	 	 	20834.14	0.00	12319.88	0.00	20834.14	33154.02
	33	 	 	6008.06	0.00	0.00	0.00	6008.06	6008.06
	34	 	 	31393.00	0.00	35396.00	0.00	31393.00	66789.00
	35	 	 	0.00	2250.00	16163.00	0.00	2250.00	18413.00
	36	 	 	106529.70	9473.94	4085.00	0.00	116003.64	120088.64
	37	 	 	11833.34	0.00	0.00	0.00	11833.34	11833.34
	38	 	 	74329.00	0.00	688.42	0.00	74329.00	75017.42
	39	 	 	136774.00	0.00	0.00	0.00	136774.00	136774.00
	40	 	 	18372.00	0.00	22979.00	0.00	18372.00	41351.00
	41	 	 	12500.00	0.00	8702.17	0.00	12500.00	21202.17
	42	 	 	10369.16	9196.00	0.00	0.00	19565.16	19565.16
	43	 	 	17103.43	13811.42	0.00	0.00	30914.85	30914.85
	44	 	 	10445.00	0.00	0.00	0.00	10445.00	10445.00
	45	 	 	4651.61	5109.86	1391.44	0.00	9761.47	11152.91
	46	 	 	8872.65	0.00	4164.73	0.00	8872.65	13037.38
	47	 	 	12044.54	0.00	0.00	0.00	12044.54	12044.54
	48	 	 	7916.67	0.00	0.00	0.00	7916.67	7916.67
	49	 	 	0.00	12044.00	74404.50	10185.00	12044.00	96633.50
	50	 	 	0.00	0.00	26916.73	0.00	0.00	26916.73
	51	 	 	29166.66	0.00	0.00	0.00	29166.66	29166.66
	52	 	 	34836.25	0.00	0.00	0.00	34836.25	34836.25
	53	 	 	195833.36	0.00	0.00	0.00	195833.36	195833.36
	54	 	 	25534.00	0.00	0.00	910.92	25534.00	26444.92
	55	 	 	22694.00	0.00	0.00	0.00	22694.00	22694.00
	56	 	 	11250.00	11666.00	0.00	0.00	22916.00	22916.00
	57	 	 	12571.00	0.00	0.00	0.00	12571.00	12571.00
	58	 	 	12571.00	0.00	0.00	0.00	12571.00	12571.00
	59	 	 	12571.00	0.00	0.00	0.00	12571.00	12571.00
	60	 	 	45095.83	0.00	0.00	0.00	45095.83	45095.83
	61	 	 	7389.60	0.00	93442.61	0.00	7389.60	100832.21
	62	 	 	0.00	0.00	42636.08	0.00	0.00	42636.08
	63	 	 	15105.69	0.00	0.00	0.00	15105.69	15105.69
	64	 	 	10833.34	5462.17	0.00	0.00	16295.51	16295.51
	65	 	 	8666.67	0.00	0.00	0.00	8666.67	8666.67
	66	 	 	1826.62	0.00	3207.84	0.00	1826.62	5034.46
	67	 	 	20174.84	0.00	0.00	0.00	20174.84	20174.84
	68	 	 	48763.00	0.00	0.00	0.00	48763.00	48763.00
	69	 	 	14000.00	0.00	39679.42	0.00	14000.00	53679.42
	70	 	 	32332.66	0.00	0.00	0.00	32332.66	32332.66
	71	 	 	28242.28	0.00	0.00	0.00	28242.28	28242.28
	72	 	 	2065.54	0.00	1014.38	0.00	2065.54	3079.92
	73	 	 	6666.66	0.00	592.50	0.00	6666.66	7259.16
	74	 	 	20833.00	0.00	2187.00	0.00	20833.00	23020.00
	75	 	 	4018.33	0.00	17593.18	0.00	4018.33	21611.51
	76	 	 	27311.45	0.00	0.00	0.00	27311.45	27311.45
	77	 	 	50743.21	0.00	0.00	0.00	50743.21	50743.21
	78	 	 	6266.67	4663.31	9268.42	0.00	10929.98	20198.40
	79	 	 	6809.88	0.00	0.00	0.00	6809.88	6809.88
	80	 	 	18075.17	0.00	17673.00	0.00	18075.17	35748.17
	81	 	 	27825.00	0.00	616.29	0.00	27825.00	28441.29
	82	 	 	0.00	10623.00	0.00	0.00	10623.00	10623.00
	83	 	 	31600.00	0.00	124109.00	0.00	31600.00	155709.00
	84	 	 	22916.67	15416.66	0.00	0.00	38333.33	38333.33
	85	 	 	25000.00	0.00	17401.69	0.00	25000.00	42401.69
	86	 	 	37999.91	0.00	12363.83	0.00	37999.91	50363.74
	87	 	 	14083.33	11339.50	2791.67	0.00	25422.83	28214.50
	88	 	 	0.00	2507.81	79691.58	0.00	2507.81	82199.39
	89	 	 	17092.25	0.00	0.00	0.00	17092.25	17092.25
	90	 	 	50695.31	0.00	0.00	0.00	50695.31	50695.31
	91	 	 	50482.42	0.00	0.00	0.00	50482.42	50482.42
	92	 	 	15043.07	0.00	68621.93	0.00	15043.07	83665.00
	93	 	 	830.00	0.00	25469.17	0.00	830.00	26299.17
	94	 	 	6287.50	0.00	0.00	0.00	6287.50	6287.50
	95	 	 	5000.00	5000.00	8394.54	4016.25	10000.00	22410.79
	96	 	 	0.00	0.00	56672.55	0.00	0.00	56672.55
	97	 	 	144438.00	0.00	33540.00	9720.33	144438.00	187698.33
	98	 	 	4651.61	5109.86	1391.44	0.00	9761.47	11152.91
	99	 	 	17766.66	8717.25	991.13	0.00	26483.91	27475.04
	100	 	 	5307.75	4659.36	19517.44	0.00	9967.11	29484.55
	101	 	 	4711.22	0.00	13342.12	0.00	4711.22	18053.34
	102	 	 	6019.00	0.00	0.00	0.00	6019.00	6019.00
	103	 	 	6250.00	0.00	14166.67	0.00	6250.00	20416.67
	104	 	 	76510.56	0.00	38801.75	0.00	76510.56	115312.31
	105	 	 	0.00	0.00	30571.72	0.00	0.00	30571.72
	106	 	 	8333.34	0.00	0.00	0.00	8333.34	8333.34
	107	 	 	8901.40	5870.05	123.00	0.00	14771.45	14894.45
	108	 	 	17829.12	0.00	0.00	4792.33	17829.12	22621.45
	109	 	 	35952.22	0.00	0.00	0.00	35952.22	35952.22
	110	 	 	13875.91	0.00	17662.92	0.00	13875.91	31538.83
	111	 	 	11930.00	0.00	22047.00	0.00	11930.00	33977.00
	112	 	 	0.00	25000.00	72466.63	0.00	25000.00	97466.63
	113	 	 	0.00	0.00	5206.92	0.00	0.00	5206.92
	114	 	 	30457.00	0.00	0.00	0.00	30457.00	30457.00
	115	 	 	4709.25	0.00	0.00	0.00	4709.25	4709.25
	116	 	 	16575.67	0.00	0.00	0.00	16575.67	16575.67
	117	 	 	14581.29	0.00	1708.47	0.00	14581.29	16289.76
	118	 	 	0.00	0.00	29100.79	0.00	0.00	29100.79
	119	 	 	6621.44	5178.17	4289.75	0.00	11799.61	16089.36
	120	 	 	10502.59	0.00	0.00	0.00	10502.59	10502.59
	121	 	 	25000.00	13237.91	18380.32	0.00	38237.91	56618.23
	122	 	 	10156.89	10494.05	0.00	4812.49	20650.94	25463.43
	123	 	 	13476.54	0.00	2446.00	5072.03	13476.54	20994.57
	124	 	 	13239.58	0.00	1361.58	1181.50	13239.58	15782.66
	125	 	 	41965.32	0.00	0.00	0.00	41965.32	41965.32
	126	 	 	15833.34	0.00	0.00	0.00	15833.34	15833.34
	127	 	 	0.00	5000.00	18793.45	0.00	5000.00	23793.45
	128	 	 	74345.80	0.00	0.00	0.00	74345.80	74345.80
	129	 	 	48804.19	0.00	167348.50	0.00	48804.19	216152.69
	130	 	 	30130.00	0.00	0.00	0.00	30130.00	30130.00
	131	 	 	20185.00	22876.60	0.00	0.00	43061.60	43061.60
	132	 	 	0.00	583.42	9378.92	4067.17	583.42	14029.51
	133	 	 	0.00	0.00	35372.40	0.00	0.00	35372.40
	134	 	 	15042.96	12600.17	0.00	0.00	27643.13	27643.13
	135	 	 	22916.67	0.00	0.00	0.00	22916.67	22916.67
	136	 	 	19583.34	23083.33	0.00	0.00	42666.67	42666.67
	137	 	 	10625.00	5009.00	2180.00	3801.00	15634.00	21615.00
	138	 	 	7514.75	0.00	9412.50	0.00	7514.75	16927.25
	139	 	 	18750.00	0.00	0.00	0.00	18750.00	18750.00
	140	 	 	14102.28	0.00	0.00	0.00	14102.28	14102.28
	141	 	 	0.00	0.00	54776.75	0.00	0.00	54776.75
	142	 	 	0.00	12500.00	181523.20	0.00	12500.00	194023.20
	143	 	 	29866.17	0.00	0.00	0.00	29866.17	29866.17
	144	 	 	16666.67	7948.32	3080.71	0.00	24614.99	27695.70
	145	 	 	17198.85	0.00	0.00	0.00	17198.85	17198.85
	146	 	 	11787.00	6500.00	0.00	0.00	18287.00	18287.00
	147	 	 	34881.00	10833.00	0.00	0.00	45714.00	45714.00
	148	 	 	14977.14	0.00	1953.81	0.00	14977.14	16930.95
	149	 	 	0.00	0.00	15550.00	0.00	0.00	15550.00
	150	 	 	25954.99	20592.32	71326.42	0.00	46547.31	117873.73
	151	 	 	31985.00	0.00	0.00	0.00	31985.00	31985.00
	152	 	 	10439.00	0.00	222098.90	0.00	10439.00	232537.90
	153	 	 	30270.43	8526.00	0.00	0.00	38796.43	38796.43
	154	 	 	34762.32	0.00	0.00	0.00	34762.32	34762.32
	155	 	 	0.00	0.00	29100.79	0.00	0.00	29100.79
	156	 	 	13982.00	0.00	9690.00	0.00	13982.00	23672.00
	157	 	 	19199.83	0.00	33104.00	0.00	19199.83	52303.83
	158	 	 	57004.72	0.00	0.00	0.00	57004.72	57004.72
	159	 	 	39183.00	0.00	0.00	0.00	39183.00	39183.00
	160	 	 	51983.34	0.00	0.00	0.00	51983.34	51983.34
	161	 	 	23597.67	19360.63	0.00	0.00	42958.30	42958.30
	162	 	 	90356.04	2774.00	0.00	8756.16	93130.04	101886.20
	163	 	 	0.00	0.00	49684.33	0.00	0.00	49684.33
	164	 	 	11667.07	5534.66	17502.63	0.00	17201.73	34704.36
	165	 	 	8401.96	1175.16	8896.21	1542.00	9577.12	20015.33
	166	 	 	38917.75	5778.08	0.00	0.00	44695.83	44695.83
	167	 	 	38379.58	0.00	0.00	0.00	38379.58	38379.58
	168	 	 	19125.00	0.00	32064.25	0.00	19125.00	51189.25
	169	 	 	19166.66	1791.00	442.25	0.00	20957.66	21399.91
	170	 	 	0.00	7650.93	6250.00	0.00	7650.93	13900.93
	171	 	 	0.00	0.00	7028.17	0.00	0.00	7028.17
	172	 	 	16137.50	44188.00	0.00	0.00	60325.50	60325.50
	173	 	 	69444.00	0.00	0.00	0.00	69444.00	69444.00
	174	 	 	0.00	0.00	47897.12	0.00	0.00	47897.12
	175	 	 	8000.00	0.00	20833.00	0.00	8000.00	28833.00
	176	 	 	12501.17	7401.96	0.00	0.00	19903.13	19903.13
	177	 	 	40302.53	0.00	0.00	0.00	40302.53	40302.53
	178	 	 	17596.00	0.00	0.00	0.00	17596.00	17596.00
	179	 	 	42519.17	0.00	0.00	0.00	42519.17	42519.17
	180	 	 	23569.46	0.00	0.00	0.00	23569.46	23569.46
	181	 	 	0.00	0.00	17568.00	299.00	0.00	17867.00
	182	 	 	0.00	0.00	7049.00	0.00	0.00	7049.00
	183	 	 	133333.00	0.00	0.00	0.00	133333.00	133333.00
	184	 	 	0.00	0.00	9723.94	0.00	0.00	9723.94
	185	 	 	123274.10	14648.41	0.00	0.00	137922.51	137922.51
	186	 	 	20461.83	2333.33	0.00	18562.27	22795.16	41357.43
	187	 	 	42002.59	0.00	0.00	0.00	42002.59	42002.59
	188	 	 	60623.83	0.00	0.00	0.00	60623.83	60623.83
	189	 	 	4000.00	9177.00	5977.00	0.00	13177.00	19154.00
	190	 	 	174784.30	0.00	0.00	0.00	174784.30	174784.30
	191	 	 	10400.00	0.00	0.00	0.00	10400.00	10400.00
	192	 	 	0.00	0.00	25370.00	0.00	0.00	25370.00
	193	 	 	70572.00	0.00	0.00	0.00	70572.00	70572.00
	194	 	 	16458.33	0.00	38419.58	38419.58	16458.33	93297.49
	195	 	 	20833.34	13351.00	0.00	0.00	34184.34	34184.34
	196	 	 	24458.00	0.00	6945.81	0.00	24458.00	31403.81
	197	 	 	24458.00	0.00	6945.81	0.00	24458.00	31403.81
	198	 	 	16687.65	0.00	62537.67	0.00	16687.65	79225.32
	199	 	 	0.00	0.00	10603.36	0.00	0.00	10603.36
	200	 	 	19112.49	0.00	18113.00	0.00	19112.49	37225.49
	201	 	 	18628.25	0.00	0.00	0.00	18628.25	18628.25
	202	 	 	18000.00	0.00	0.00	0.00	18000.00	18000.00
	203	 	 	49500.17	0.00	0.00	0.00	49500.17	49500.17
	204	 	 	5422.30	9700.31	0.00	11703.33	15122.61	26825.94
	205	 	 	62500.00	0.00	6250.00	0.00	62500.00	68750.00
	206	 	 	21250.00	0.00	0.00	0.00	21250.00	21250.00
	207	 	 	2250.00	20761.32	0.00	0.00	23011.32	23011.32
	208	 	 	6467.00	8557.59	0.00	0.00	15024.59	15024.59
	209	 	 	1733.34	3466.66	7879.79	5784.33	5200.00	18864.12
	210	 	 	126182.20	0.00	0.00	0.00	126182.20	126182.20
	211	 	 	28326.00	12333.00	0.00	0.00	40659.00	40659.00
	212	 	 	20000.00	0.00	9524.17	0.00	20000.00	29524.17
	213	 	 	0.00	0.00	11305.00	3606.00	0.00	14911.00
	214	 	 	0.00	0.00	8583.17	0.00	0.00	8583.17
	215	 	 	18333.33	14583.34	0.00	0.00	32916.67	32916.67
	216	 	 	22519.12	0.00	10196.00	0.00	22519.12	32715.12
	217	 	 	0.00	4800.48	21407.00	0.00	4800.48	26207.48
	218	 	 	21469.42	5000.00	0.00	0.00	26469.42	26469.42
	219	 	 	6250.00	0.00	36777.75	0.00	6250.00	43027.75
	220	 	 	17633.71	1810.50	0.00	0.00	19444.21	19444.21
	221	 	 	0.00	0.00	25063.75	0.00	0.00	25063.75
	222	 	 	21667.00	13520.00	1271.16	0.00	35187.00	36458.16
	223	 	 	0.00	15578.66	12900.00	0.00	15578.66	28478.66
	224	 	 	5926.84	20291.67	3066.00	0.00	26218.51	29284.51
	225	 	 	22923.93	15058.67	0.00	0.00	37982.60	37982.60
	226	 	 	0.00	0.00	142590.20	0.00	0.00	142590.20
	227	 	 	8333.33	11666.67	0.00	0.00	20000.00	20000.00
	228	 	 	21957.83	0.00	0.00	0.00	21957.83	21957.83
	229	 	 	0.00	0.00	42376.33	0.00	0.00	42376.33
	230	 	 	41413.75	0.00	4907.56	0.00	41413.75	46321.31
	231	 	 	0.00	33333.33	0.00	0.00	33333.33	33333.33
	232	 	 	24743.85	0.00	0.00	0.00	24743.85	24743.85
	233	 	 	0.00	0.00	20950.44	0.00	0.00	20950.44
	234	 	 	34858.75	0.00	0.00	0.00	34858.75	34858.75
	235	 	 	0.00	0.00	16124.00	0.00	0.00	16124.00
	236	 	 	13951.51	6862.76	0.00	0.00	20814.27	20814.27
	237	 	 	2219.38	1665.01	6166.42	6566.33	3884.39	16617.14
	238	 	 	12909.73	7916.67	0.00	0.00	20826.40	20826.40
	239	 	 	4666.67	0.00	13296.95	0.00	4666.67	17963.62
	240	 	 	0.00	0.00	39000.00	0.00	0.00	39000.00
	241	 	 	18515.04	0.00	1129.17	0.00	18515.04	19644.21
	242	 	 	0.00	0.00	17372.16	0.00	0.00	17372.16
	243	 	 	17500.00	0.00	0.00	0.00	17500.00	17500.00
	244	 	 	15324.57	7000.00	0.00	0.00	22324.57	22324.57
	245	 	 	25835.32	0.00	13638.23	0.00	25835.32	39473.55
	246	 	 	0.00	0.00	19440.67	0.00	0.00	19440.67
	247	 	 	36000.00	968.00	0.00	1307.00	36968.00	38275.00
	248	 	 	6377.50	0.00	14845.94	6891.25	6377.50	28114.69
	249	 	 	0.00	16004.58	56513.67	0.00	16004.58	72518.25
	250	 	 	21821.67	15000.00	0.00	0.00	36821.67	36821.67
	251	 	 	25623.08	0.00	314.92	0.00	25623.08	25938.00
	252	 	 	11458.20	0.00	0.00	0.00	11458.20	11458.20
	253	 	 	20833.33	0.00	0.00	0.00	20833.33	20833.33
	254	 	 	0.00	0.00	8557.16	0.00	0.00	8557.16
	255	 	 	41623.05	6918.75	1375.00	0.00	48541.80	49916.80
	256	 	 	19056.87	9352.43	0.00	0.00	28409.30	28409.30
	257	 	 	11738.59	0.00	106737.10	0.00	11738.59	118475.69
	258	 	 	0.00	13902.66	19865.31	0.00	13902.66	33767.97
	259	 	 	5100.75	0.00	8166.41	0.00	5100.75	13267.16
	260	 	 	15749.60	4787.16	0.00	0.00	20536.76	20536.76
	261	 	 	36728.66	0.00	0.00	0.00	36728.66	36728.66
	262	 	 	11401.00	0.00	0.00	0.00	11401.00	11401.00
	263	 	 	50000.00	0.00	0.00	0.00	50000.00	50000.00
	264	 	 	0.00	0.00	82467.00	0.00	0.00	82467.00
	265	 	 	38775.50	0.00	0.00	0.00	38775.50	38775.50
	266	 	 	20491.04	0.00	0.00	0.00	20491.04	20491.04
	267	 	 	0.00	0.00	31502.00	17583.33	0.00	49085.33
	268	 	 	16863.33	0.00	723.83	0.00	16863.33	17587.16
	269	 	 	15131.96	0.00	7543.03	0.00	15131.96	22674.99
	270	 	 	47871.19	0.00	0.00	0.00	47871.19	47871.19
	271	 	 	5295.64	0.00	8250.00	0.00	5295.64	13545.64
	272	 	 	14909.63	0.00	0.00	0.00	14909.63	14909.63
	273	 	 	0.00	0.00	73941.51	0.00	0.00	73941.51
	274	 	 	18333.37	0.00	1750.00	10293.61	18333.37	30376.98
	275	 	 	0.00	0.00	37223.83	0.00	0.00	37223.83
	276	 	 	16916.00	13564.00	0.00	0.00	30480.00	30480.00
	277	 	 	8972.22	0.00	8196.76	0.00	8972.22	17168.98
	278	 	 	0.00	0.00	58101.50	0.00	0.00	58101.50
	279	 	 	64969.31	0.00	0.00	0.00	64969.31	64969.31
	280	 	 	20192.31	0.00	0.00	0.00	20192.31	20192.31
	281	 	 	25055.00	11591.67	0.00	0.00	36646.67	36646.67
	282	 	 	19666.58	0.00	0.00	0.00	19666.58	19666.58
	283	 	 	10674.00	10154.00	0.00	0.00	20828.00	20828.00
	284	 	 	10416.67	18233.00	0.00	0.00	28649.67	28649.67
	285	 	 	8097.52	0.00	5221.58	0.00	8097.52	13319.10
	286	 	 	6666.66	11400.63	0.00	0.00	18067.29	18067.29
	287	 	 	17654.76	0.00	1390.72	0.00	17654.76	19045.48
	288	 	 	4583.32	18874.87	0.00	0.00	23458.19	23458.19
	289	 	 	15000.00	0.00	0.00	0.00	15000.00	15000.00
	290	 	 	10000.00	0.00	4302.00	0.00	10000.00	14302.00
	291	 	 	7963.00	30170.42	0.00	16436.25	38133.42	54569.67
	292	 	 	0.00	0.00	15031.75	0.00	0.00	15031.75
	293	 	 	0.00	0.00	34985.02	0.00	0.00	34985.02
	294	 	 	5877.75	6202.02	0.00	0.00	12079.77	12079.77
	295	 	 	26109.48	0.00	3899.68	0.00	26109.48	30009.16
	296	 	 	2625.00	0.00	18132.61	0.00	2625.00	20757.61
	297	 	 	40952.39	5500.00	0.00	0.00	46452.39	46452.39
	298	 	 	33571.42	0.00	0.00	0.00	33571.42	33571.42
	299	 	 	24641.97	4480.00	0.00	0.00	29121.97	29121.97
	300	 	 	25404.22	2050.12	0.00	0.00	27454.34	27454.34
	301	 	 	30714.75	0.00	0.00	0.00	30714.75	30714.75
	302	 	 	26118.08	13908.43	0.00	0.00	40026.51	40026.51
	303	 	 	45619.70	0.00	0.00	0.00	45619.70	45619.70
	304	 	 	20033.59	11128.75	0.00	0.00	31162.34	31162.34
	305	 	 	22534.69	0.00	0.00	0.00	22534.69	22534.69
	306	 	 	15833.33	0.00	0.00	0.00	15833.33	15833.33
	307	 	 	0.00	0.00	51615.33	0.00	0.00	51615.33
	308	 	 	34618.92	8226.27	0.00	0.00	42845.19	42845.19
	309	 	 	0.00	50921.55	0.00	3896.04	0.00	54817.59
	310	 	 	11675.98	0.00	13342.17	0.00	11675.98	25018.15
	311	 	 	39887.82	0.00	7817.11	0.00	39887.82	47704.93
	312	 	 	16666.67	11083.33	0.00	0.00	27750.00	27750.00
	313	 	 	0.00	0.00	29503.25	0.00	0.00	29503.25
	314	 	 	12809.58	0.00	15929.98	0.00	12809.58	28739.56
	315	 	 	0.00	0.00	29503.25	0.00	0.00	29503.25
	316	 	 	0.00	0.00	29503.25	0.00	0.00	29503.25
	317	 	 	25337.08	0.00	3058.88	1345.13	25337.08	29741.09
	318	 	 	14071.75	6437.50	8124.00	0.00	20509.25	28633.25
	319	 	 	0.00	0.00	1800.53	0.00	0.00	1800.53
	320	 	 	10000.00	0.00	0.00	0.00	10000.00	10000.00
	321	 	 	0.00	0.00	89470.69	0.00	0.00	89470.69
	322	 	 	13961.96	8866.66	0.00	0.00	22828.62	22828.62
	323	 	 	62500.00	0.00	0.00	0.00	62500.00	62500.00
	324	 	 	32074.80	15125.00	0.00	4796.80	47199.80	51996.60
	325	 	 	0.00	0.00	74709.24	0.00	0.00	74709.24
	326	 	 	21590.92	9992.96	0.00	0.00	31583.88	31583.88
	327	 	 	51101.63	0.00	0.00	0.00	51101.63	51101.63
	328	 	 	12493.97	6897.32	6339.00	0.00	19391.29	25730.29
	329	 	 	20833.33	13773.83	0.00	0.00	34607.16	34607.16
	330	 	 	13927.00	9678.00	0.00	3144.00	23605.00	26749.00
	331	 	 	20907.71	0.00	0.00	0.00	20907.71	20907.71
	332	 	 	31083.33	0.00	29458.00	0.00	31083.33	60541.33
	333	 	 	20833.34	0.00	113.00	1199.67	20833.34	22146.01
	334	 	 	12848.82	19166.67	0.00	0.00	32015.49	32015.49
	335	 	 	15416.67	4696.25	0.00	0.00	20112.92	20112.92
	336	 	 	40450.00	0.00	5000.00	0.00	40450.00	45450.00
	337	 	 	6250.00	6250.00	3323.33	0.00	12500.00	15823.33
	338	 	 	14805.22	0.00	0.00	0.00	14805.22	14805.22
	339	 	 	20056.34	0.00	33536.51	0.00	20056.34	53592.85
	340	 	 	0.00	0.00	44585.00	0.00	0.00	44585.00
	341	 	 	18081.32	6524.37	0.00	0.00	24605.69	24605.69
	342	 	 	14583.33	10416.68	7112.50	0.00	25000.01	32112.51
	343	 	 	16882.37	38250.98	0.00	0.00	55133.35	55133.35
	344	 	 	18604.31	0.00	3864.58	0.00	18604.31	22468.89

 

	 	107	108	109	110	111	112	113	114	115
	 	4506-T Indicator	Borrower Income
 Verification Level	Co-Borrower
 Income Verification	Borrower
 Employment
 Verification	Co-Borrower
 Employment
 Verification	Borrower Asset
 Verification	Co-Borrower Asset
 Verification	Liquid / Cash
 Reserves	Monthly Debt All
 Borrowers
	1	1	5	 	2	 	3	 	289565.58	2636.65
	2	1	5	 	2	 	3	 	179823.88	6688.41
	3	0	5	 	3	 	3	 	1243521.11	11613.83
	4	1	5	 	2	 	3	 	1963330.64	44857.80
	5	1	4	 	2	 	3	 	1770153.90	9425.81
	6	0	5	 	2	 	4	 	2752215.38	63270.58
	7	0	4	 	2	 	3	 	3930944.00	18639.55
	8	0	5	 	3	 	3	 	167883.91	5112.65
	9	0	5	 	2	 	3	 	15607.79	689.75
	10	1	5	 	2	 	3	 	218286.24	5783.45
	11	1	4	 	2	 	3	 	260585.70	16145.63
	12	0	3	 	2	 	3	 	3433354.23	4808.12
	13	0	4	 	2	 	3	 	2972788.91	2926.13
	14	0	4	 	2	 	3	 	1030964.98	20945.17
	15	0	5	 	3	 	3	 	4956028.00	7738.15
	16	0	4	 	2	 	3	 	5899803.44	18328.49
	17	0	5	 	2	 	3	 	1343697.18	3350.70
	18	0	5	 	2	 	3	 	1384868.91	9660.63
	19	0	4	 	2	 	3	 	763631.50	5881.83
	20	0	4	 	2	 	3	 	1313974.00	15520.73
	21	0	4	 	2	 	3	 	2438250.95	5258.34
	22	0	4	 	2	 	3	 	7683768.49	11157.30
	23	1	5	 	2	 	4	 	2391219.00	5427.24
	24	0	4	 	2	 	3	 	1076776.37	4214.62
	25	0	5	 	3	 	3	 	414355.06	7618.30
	26	0	4	 	2	 	3	 	697996.25	4748.86
	27	0	4	 	2	 	3	 	11803493.40	6141.19
	28	1	5	 	2	 	3	 	240752.04	4943.77
	29	0	5	 	2	 	4	 	339255.20	7859.31
	30	0	4	 	2	 	3	 	9160103.39	4296.08
	31	0	5	 	2	 	4	 	60936.61	4613.99
	32	1	5	 	2	 	3	 	3269448.49	11782.94
	33	1	5	 	2	 	4	 	63021.55	3097.76
	34	0	5	 	2	 	3	 	16323113.88	24164.26
	35	0	4	 	2	 	3	 	107585.47	5417.10
	36	0	5	 	2	 	4	 	1764521.40	9318.88
	37	1	5	 	2	 	3	 	101686.20	4823.27
	38	0	5	 	2	 	4	 	942097.24	14958.47
	39	1	5	 	2	 	3	 	5407862.09	10134.95
	40	0	5	 	2	 	4	 	79217.47	8613.41
	41	0	5	 	2	 	3	 	257561.50	7399.56
	42	0	5	 	2	 	3	 	929690.09	5681.72
	43	1	5	 	2	 	4	 	208711.89	3867.45
	44	0	5	 	2	 	3	 	140385.70	495.09
	45	1	5	 	2	 	3	 	468023.02	4357.44
	46	0	5	 	2	 	3	 	887619.82	1116.00
	47	0	5	 	2	 	3	 	660239.84	1302.01
	48	0	5	 	2	 	3	 	766011.27	3074.04
	49	0	5	 	2	 	4	 	674375.66	20563.61
	50	0	5	 	2	 	4	 	3447713.30	10029.17
	51	0	5	 	2	 	3	 	358435.18	4832.92
	52	0	5	 	2	 	3	 	333327.06	11565.64
	53	1	5	 	2	 	3	 	1954533.02	35720.00
	54	0	5	 	2	 	4	 	642302.00	6830.72
	55	0	4	 	2	 	3	 	48695.24	5160.62
	56	0	5	 	3	 	3	 	329276.34	4003.43
	57	0	4	 	2	 	3	 	277810.71	1638.00
	58	0	4	 	2	 	3	 	278913.87	1638.00
	59	0	4	 	2	 	3	 	261831.84	1638.00
	60	1	5	 	2	 	4	 	714394.19	17032.69
	61	1	4	 	2	 	3	 	1331309.76	14368.59
	62	0	4	 	2	 	3	 	2956295.33	12535.01
	63	0	5	 	3	 	3	 	41671.51	3087.60
	64	0	5	 	2	 	3	 	144847.23	5740.91
	65	1	5	 	2	 	3	 	285480.21	3552.47
	66	0	5	 	2	 	3	 	51495.49	1838.58
	67	0	5	 	2	 	3	 	15642.07	8667.11
	68	1	4	 	2	 	3	 	3459727.00	7763.07
	69	1	5	 	2	 	4	 	13825767.00	14541.75
	70	0	5	 	2	 	3	 	3516736.33	10996.34
	71	0	5	 	2	 	3	 	213037.13	6281.08
	72	0	4	 	2	 	3	 	176770.18	1817.15
	73	0	5	 	2	 	3	 	29211.38	2201.70
	74	0	5	 	2	 	3	 	1673205.86	15632.88
	75	0	4	 	2	 	3	 	2957043.62	8988.23
	76	0	5	 	2	 	3	 	310038.68	4061.21
	77	0	5	 	2	 	4	 	166975.41	11848.54
	78	0	5	 	2	 	3	 	467075.61	10266.85
	79	1	5	 	2	 	4	 	372643.32	1643.91
	80	0	5	 	2	 	3	 	377004.30	9351.72
	81	0	5	 	2	 	3	 	1317703.58	12033.51
	82	0	4	 	2	 	3	 	948564.32	4077.11
	83	0	4	 	2	 	3	 	4014924.44	17719.68
	84	0	5	 	2	 	4	 	5137320.50	5320.67
	85	1	5	 	2	 	3	 	1347820.74	8208.97
	86	0	5	 	3	 	4	 	2115094.89	19082.82
	87	0	5	 	3	 	3	 	76531.59	6018.15
	88	1	5	 	3	 	4	 	2150867.99	16423.44
	89	0	5	 	2	 	3	 	198625.98	7790.65
	90	1	5	 	2	 	3	 	1050001.83	10073.16
	91	0	5	 	2	 	3	 	146807.37	6653.58
	92	1	4	 	2	 	3	 	1816059.28	5429.86
	93	0	4	 	2	 	4	 	168832.23	9664.94
	94	0	5	 	2	 	3	 	206231.98	2159.76
	95	0	4	 	2	 	3	 	151083.91	10506.18
	96	0	5	 	2	 	3	 	1577619.31	9583.33
	97	1	5	 	3	 	3	 	1156056.01	10079.40
	98	1	5	 	2	 	3	 	538867.65	4358.56
	99	0	5	 	2	 	3	 	273350.19	7756.20
	100	0	4	 	2	 	3	 	1038968.25	10873.90
	101	0	5	 	2	 	3	 	662628.22	1938.93
	102	0	5	 	2	 	3	 	111809.31	2200.55
	103	0	5	 	2	 	3	 	1325476.34	5710.54
	104	0	5	 	2	 	3	 	7400707.07	15394.19
	105	0	4	 	2	 	3	 	6589484.83	5013.76
	106	0	5	 	2	 	3	 	321153.83	3382.50
	107	0	5	 	2	 	3	 	37705.97	1199.00
	108	0	5	 	2	 	3	 	340604.40	10073.33
	109	1	5	 	2	 	4	 	1756194.11	9512.96
	110	0	5	 	2	 	3	 	2291593.00	11940.60
	111	1	5	 	2	 	3	 	3174282.25	13162.69
	112	1	5	 	2	 	4	 	1163239.07	14122.91
	113	0	5	 	2	 	3	 	255489.00	1944.26
	114	0	5	 	2	 	3	 	6952197.50	11555.39
	115	0	5	 	3	 	3	 	14442.17	2774.22
	116	0	5	 	2	 	3	 	1566672.90	6048.46
	117	1	5	 	2	 	3	 	223239.81	6919.89
	118	0	5	 	2	 	3	 	9840980.05	2249.49
	119	0	5	 	2	 	3	 	64979.59	1707.08
	120	0	5	 	3	 	3	 	184023.27	3532.02
	121	1	5	 	2	 	3	 	2595049.62	18644.38
	122	1	5	 	2	 	3	 	529267.40	6426.97
	123	0	5	 	3	 	3	 	2579680.04	4595.71
	124	1	5	 	2	 	4	 	315376.60	5031.51
	125	0	5	 	2	 	3	 	715212.84	16446.21
	126	0	5	 	2	 	3	 	107876.45	6436.25
	127	0	4	 	2	 	3	 	902319.00	6181.54
	128	0	5	 	2	 	4	 	770215.73	18906.14
	129	1	4	 	2	 	3	 	4935734.22	34411.51
	130	0	5	 	2	 	3	 	976788.35	8632.25
	131	0	5	 	2	 	4	 	1264266.14	7604.68
	132	0	4	 	2	 	3	 	5501563.32	592.05
	133	1	5	 	2	 	3	 	2015420.20	10456.08
	134	1	5	 	2	 	3	 	1840178.03	6639.88
	135	0	5	 	2	 	3	 	571844.50	7958.96
	136	0	5	 	3	 	3	 	421960.92	14242.13
	137	0	4	 	2	 	3	 	157598.18	6888.70
	138	0	4	 	2	 	3	 	47914.11	5982.09
	139	0	5	 	2	 	3	 	1179925.74	5476.88
	140	0	5	 	2	 	3	 	879827.87	5695.91
	141	1	5	 	2	 	3	 	1694885.23	8019.32
	142	1	5	 	2	 	4	 	2548363.72	22836.53
	143	0	5	 	2	 	3	 	3571504.51	7977.25
	144	0	4	 	2	 	3	 	906062.64	10937.03
	145	0	5	 	2	 	4	 	381782.24	5988.64
	146	0	5	 	2	 	3	 	261995.40	5241.05
	147	0	5	 	2	 	3	 	3698946.67	8470.80
	148	1	5	 	2	 	3	 	1538748.30	6946.77
	149	0	5	 	3	 	3	 	109148.50	6443.92
	150	0	5	 	3	 	3	 	1918399.52	17339.23
	151	0	5	 	2	 	3	 	393315.48	8239.34
	152	1	4	 	2	 	4	 	2105679.31	17951.93
	153	0	5	 	2	 	3	 	3264311.00	7902.83
	154	0	5	 	2	 	3	 	5070409.73	13060.20
	155	0	5	 	2	 	3	 	9842010.22	2252.40
	156	0	5	 	2	 	3	 	213188.23	6318.06
	157	1	5	 	3	 	3	 	2514515.81	22260.51
	158	0	5	 	3	 	3	 	408704.80	11680.27
	159	0	5	 	2	 	3	 	387081.32	7550.56
	160	0	5	 	2	 	4	 	381312.00	9305.02
	161	1	4	 	2	 	3	 	1396139.90	10344.36
	162	1	5	 	2	 	3	 	2819710.19	21375.72
	163	0	5	 	3	 	4	 	714272.19	7035.30
	164	0	5	 	2	 	3	 	646142.48	14260.02
	165	0	5	 	3	 	3	 	339100.72	9677.41
	166	0	5	 	2	 	3	 	439176.69	8228.50
	167	0	4	 	2	 	3	 	2199170.93	11283.60
	168	0	5	 	2	 	3	 	68455.34	10294.16
	169	0	5	 	2	 	3	 	167551.29	6676.77
	170	0	5	 	2	 	3	 	1520403.00	6033.00
	171	0	5	 	2	 	3	 	87664.20	2501.33
	172	0	4	 	2	 	3	 	194115.22	14043.78
	173	0	5	 	3	 	3	 	639242.53	6236.07
	174	1	5	 	3	 	3	 	1217577.92	5206.42
	175	0	5	 	2	 	4	 	605973.17	10861.39
	176	0	5	 	2	 	4	 	283813.07	6617.79
	177	0	5	 	2	 	3	 	751317.00	8318.44
	178	1	5	 	2	 	4	 	275238.61	5637.76
	179	0	5	 	3	 	3	 	106117.75	8440.06
	180	1	5	 	3	 	3	 	202650.38	6870.50
	181	1	5	 	2	 	3	 	2679529.42	7904.36
	182	0	5	 	3	 	3	 	121033.10	1823.58
	183	1	5	 	3	 	3	 	6790526.80	46119.88
	184	0	5	 	3	 	3	 	5341728.83	4466.21
	185	0	5	 	2	 	3	 	2964741.35	20329.78
	186	1	5	 	2	 	3	 	2325615.24	4280.49
	187	1	5	 	2	 	3	 	4541984.31	8341.71
	188	0	5	 	2	 	3	 	880766.82	11203.28
	189	1	5	 	3	 	4	 	597060.33	7134.87
	190	0	5	 	2	 	4	 	1107653.02	15870.41
	191	0	5	 	3	 	3	 	170871.04	4539.60
	192	0	4	 	2	 	3	 	5597742.56	9450.33
	193	0	5	 	2	 	3	 	5351736.91	8525.10
	194	1	5	 	2	 	3	 	417586.57	10262.72
	195	0	5	 	2	 	4	 	1864526.77	11168.02
	196	0	5	 	2	 	3	 	676878.95	8815.05
	197	0	5	 	2	 	3	 	1865815.95	8815.05
	198	1	5	 	3	 	4	 	3362697.34	17342.42
	199	0	5	 	3	 	3	 	332057.70	3585.00
	200	1	5	 	3	 	4	 	1888273.06	13918.61
	201	1	5	 	2	 	4	 	101521.81	6421.16
	202	0	5	 	3	 	4	 	816119.05	4984.20
	203	1	5	 	2	 	4	 	1791145.25	11860.24
	204	0	5	 	2	 	4	 	96144.60	7465.66
	205	1	5	 	3	 	3	 	4419563.84	12739.38
	206	0	5	 	3	 	3	 	702694.13	7639.38
	207	0	5	 	2	 	3	 	431755.00	10520.78
	208	0	5	 	2	 	3	 	955876.78	3302.40
	209	0	5	 	2	 	3	 	764165.31	6858.99
	210	1	5	 	2	 	4	 	1185256.02	23633.93
	211	0	5	 	2	 	3	 	507965.00	8485.53
	212	1	5	 	2	 	3	 	639819.45	12937.49
	213	1	5	 	3	 	3	 	1474691.60	6772.58
	214	0	5	 	2	 	4	 	148749.89	3707.07
	215	0	5	 	2	 	3	 	902266.24	7890.13
	216	0	5	 	2	 	4	 	2504842.94	14355.39
	217	1	5	 	2	 	3	 	97225.81	7073.40
	218	0	5	 	2	 	3	 	1360696.13	5195.95
	219	0	5	 	2	 	3	 	638646.82	12387.69
	220	0	5	 	3	 	4	 	447947.34	3877.18
	221	0	5	 	2	 	3	 	175375.59	6263.43
	222	0	5	 	3	 	3	 	101394.71	8195.79
	223	0	5	 	2	 	3	 	288597.29	9463.46
	224	1	5	 	2	 	4	 	143052.47	6509.95
	225	0	5	 	3	 	4	 	503980.01	5545.46
	226	1	5	 	2	 	3	 	188140.43	18294.32
	227	0	5	 	3	 	3	 	303443.52	6362.00
	228	1	5	 	2	 	4	 	213284.62	6802.54
	229	1	5	 	2	 	3	 	709351.08	8759.19
	230	0	5	 	2	 	4	 	1840640.78	13831.54
	231	1	5	 	3	 	3	 	335004.29	7150.00
	232	1	5	 	2	 	3	 	5783967.05	8195.16
	233	0	5	 	2	 	4	 	2182676.79	5248.09
	234	0	5	 	2	 	3	 	693619.78	6926.43
	235	1	5	 	2	 	4	 	1115433.00	5108.08
	236	0	5	 	2	 	3	 	640820.45	7168.43
	237	1	5	 	2	 	3	 	1891630.24	6606.97
	238	1	5	 	2	 	3	 	695927.13	7559.98
	239	0	5	 	2	 	4	 	1166740.08	5866.92
	240	1	5	 	3	 	3	 	986635.43	11462.10
	241	0	5	 	3	 	3	 	287387.78	7578.74
	242	0	5	 	2	 	4	 	1349773.63	7589.90
	243	1	5	 	2	 	4	 	2581193.93	5948.25
	244	0	5	 	2	 	3	 	203517.90	6704.07
	245	0	5	 	2	 	3	 	1792046.00	10002.60
	246	0	5	 	2	 	4	 	368315.56	10768.19
	247	0	5	 	2	 	3	 	910253.77	10682.55
	248	0	5	 	2	 	3	 	267417.00	8164.51
	249	0	5	 	3	 	3	 	220913.37	16896.75
	250	1	5	 	2	 	4	 	1164367.27	7809.88
	251	1	5	 	2	 	4	 	725540.97	4840.03
	252	0	5	 	3	 	4	 	161837.07	2228.62
	253	0	5	 	3	 	4	 	436641.67	8527.08
	254	0	5	 	3	 	4	 	195731.61	2227.43
	255	1	5	 	2	 	3	 	806272.39	11091.51
	256	0	5	 	3	 	3	 	782901.49	6193.23
	257	0	5	 	2	 	3	 	1284093.39	13506.23
	258	0	5	 	2	 	3	 	5511016.80	10383.65
	259	1	5	 	2	 	4	 	730148.12	4926.10
	260	0	5	 	2	 	4	 	72299.66	7467.17
	261	0	5	 	2	 	4	 	563355.11	12928.49
	262	0	5	 	2	 	3	 	422540.83	5016.44
	263	0	5	 	2	 	3	 	2822057.54	13225.00
	264	0	5	 	2	 	3	 	4181940.21	9203.32
	265	0	5	 	2	 	3	 	2128585.32	8313.47
	266	0	5	 	2	 	4	 	519701.89	7173.91
	267	0	5	 	2	 	4	 	706695.90	9360.57
	268	0	5	 	2	 	4	 	714533.91	5914.56
	269	0	5	 	2	 	3	 	478080.35	9274.07
	270	0	5	 	2	 	4	 	675028.65	17128.31
	271	0	5	 	3	 	3	 	310806.36	5400.65
	272	0	5	 	2	 	4	 	143117.20	5272.05
	273	0	5	 	2	 	4	 	86617.25	24437.67
	274	0	5	 	2	 	3	 	616271.73	9158.66
	275	1	5	 	2	 	4	 	916865.19	13586.70
	276	1	5	 	2	 	4	 	1094694.00	6038.09
	277	0	5	 	2	 	3	 	2388994.60	7200.67
	278	0	5	 	2	 	4	 	2912778.50	16965.64
	279	0	5	 	2	 	3	 	572602.92	7068.66
	280	0	5	 	2	 	3	 	53456.83	4290.87
	281	0	5	 	2	 	3	 	564353.60	6457.14
	282	0	5	 	2	 	3	 	1038543.18	5504.68
	283	1	5	 	3	 	4	 	859919.59	4755.03
	284	0	5	 	2	 	4	 	267009.00	7405.94
	285	0	5	 	2	 	3	 	494552.37	4745.60
	286	0	5	 	2	 	4	 	333639.95	7131.16
	287	0	5	 	2	 	4	 	777380.43	8128.61
	288	1	5	 	2	 	4	 	3588719.32	8953.99
	289	0	5	 	3	 	3	 	1004294.72	7312.50
	290	0	5	 	2	 	3	 	1728101.47	6726.23
	291	0	5	 	2	 	3	 	1438337.04	14957.55
	292	1	5	 	2	 	3	 	3709710.11	3730.88
	293	0	5	 	2	 	3	 	4140605.64	13924.04
	294	0	5	 	2	 	4	 	384795.71	5531.33
	295	0	5	 	2	 	4	 	3849933.19	11130.40
	296	0	5	 	2	 	3	 	2386885.79	7854.68
	297	0	5	 	2	 	3	 	396580.92	9076.80
	298	0	5	 	2	 	4	 	52691.54	7885.93
	299	0	5	 	3	 	4	 	1370940.43	9741.30
	300	0	5	 	3	 	3	 	340056.27	8118.25
	301	0	5	 	2	 	3	 	2811962.46	10218.80
	302	0	5	 	3	 	3	 	284871.50	7420.91
	303	0	5	 	3	 	3	 	684642.12	8553.69
	304	1	5	 	2	 	3	 	193509.12	13016.51
	305	0	5	 	2	 	3	 	742762.06	7923.20
	306	0	5	 	3	 	4	 	271616.31	6746.58
	307	0	5	 	2	 	3	 	480260.58	9646.91
	308	0	5	 	3	 	3	 	618061.22	11144.03
	309	0	5	 	2	 	3	 	467621.96	16768.70
	310	1	5	 	3	 	4	 	1445679.25	6972.56
	311	0	5	 	2	 	3	 	7870877.75	18418.87
	312	0	5	 	2	 	3	 	366383.40	7320.45
	313	1	5	 	2	 	4	 	22048665.00	14654.26
	314	0	5	 	2	 	3	 	5122916.94	9107.57
	315	1	5	 	2	 	4	 	23327536.41	13308.92
	316	1	5	 	2	 	4	 	23327536.41	13308.92
	317	0	5	 	2	 	3	 	1893927.18	5668.65
	318	0	5	 	2	 	3	 	131438.75	10651.57
	319	0	5	 	2	 	3	 	27891.29	500.19
	320	0	5	 	3	 	3	 	358621.96	4425.00
	321	0	5	 	2	 	4	 	2450719.98	10217.55
	322	0	5	 	2	 	4	 	1703916.24	9551.49
	323	0	5	 	3	 	3	 	645403.35	12481.25
	324	0	5	 	2	 	3	 	2103513.08	15365.00
	325	0	5	 	2	 	4	 	1324637.93	19088.21
	326	0	5	 	2	 	3	 	551373.30	6954.77
	327	0	5	 	2	 	4	 	1417700.76	10787.55
	328	0	5	 	2	 	3	 	367985.49	10827.31
	329	1	5	 	2	 	4	 	290704.01	10025.69
	330	1	5	 	2	 	3	 	2190805.38	14206.39
	331	0	5	 	2	 	4	 	430046.38	7323.97
	332	0	5	 	3	 	4	 	1427571.99	10939.82
	333	0	5	 	2	 	4	 	1367261.21	6324.90
	334	0	5	 	3	 	4	 	454988.07	6819.30
	335	0	5	 	2	 	3	 	106334.11	5448.59
	336	0	5	 	2	 	3	 	196081.76	13734.99
	337	0	5	 	3	 	3	 	2528080.54	6398.95
	338	0	5	 	2	 	3	 	302258.82	4613.31
	339	0	5	 	2	 	3	 	1795590.09	8703.48
	340	0	5	 	3	 	4	 	4001121.82	16313.65
	341	0	5	 	2	 	4	 	202959.40	6321.20
	342	0	5	 	3	 	3	 	771593.26	9585.58
	343	0	5	 	2	 	4	 	257398.62	28415.73
	344	0	4	 	2	 	3	 	590727.06	1505.42

 

	 	116	117	118	119	120	121	122
	 	Originator DTI	Fully Indexed Rate	Qualification
 Method	Percentage of Down
 Payment from
 Borrower Own
 Funds	City	State	Postal Code
	1	0.316700	 	 	100.000000	San Francisco	CA	94109
	2	0.475900	 	 	100.000000	Redwood City	CA	94062
	3	0.221600	 	 	100.000000	PIEDMONT	CA	94611
	4	0.201400	 	 	 	Southampton	NY	11968
	5	0.461200	 	 	 	Pleasanton	CA	94566
	6	0.255900	 	 	 	Weston	MA	02493
	7	0.368100	 	 	100.000000	Laguna Beach	CA	92651
	8	0.369700	 	 	 	San Francisco	CA	94118
	9	0.099200	 	 	 	San Diego	CA	92105
	10	0.459600	 	 	100.000000	Miami Beach	FL	33140
	11	0.294900	 	 	25.000000	Los Angeles	CA	90292
	12	0.253700	 	 	100.000000	Portland	OR	97229
	13	0.395800	 	 	 	Lake Oswego	OR	97034
	14	0.272100	 	 	 	Bolinas	CA	94924
	15	0.251800	 	 	100.000000	San Francisco	CA	94110
	16	0.239100	 	 	 	Belvedere	CA	94920
	17	0.203400	 	 	100.000000	Palo Alto	CA	94306
	18	0.390000	 	 	100.000000	Brookline	MA	02467
	19	0.344200	 	 	100.000000	Lexington	MA	02421
	20	0.378800	 	 	100.000000	San Francisco	CA	94105
	21	0.369000	 	 	100.000000	Sonoma	CA	95476
	22	0.051400	 	 	100.000000	Ketchum	ID	83340
	23	0.263800	 	 	 	Westlake Village	CA	91361
	24	0.103200	 	 	100.000000	Hillsborough	CA	94010
	25	0.110300	 	 	 	San Carlos	CA	94070
	26	0.312900	 	 	 	San Francisco	CA	94114
	27	0.144600	 	 	 	Los Angeles	CA	90291
	28	0.187400	 	 	 	Burlingame	CA	94010
	29	0.201500	 	 	100.000000	Orinda	CA	94563
	30	0.271200	 	 	 	Tarrytown	NY	10591
	31	0.263800	 	 	 	New York	NY	10021
	32	0.355400	 	 	42.500000	Los Angeles	CA	90036
	33	0.515600	 	 	100.000000	San Diego	CA	92104
	34	0.361800	 	 	 	San Fernando	CA	91340
	35	0.294200	 	 	100.000000	North Bergen	NJ	07047
	36	0.077600	 	 	100.000000	Newton Center	MA	02459
	37	0.407600	 	 	 	Los Angeles	CA	90017
	38	0.199400	 	 	 	Sausalito	CA	94965
	39	0.074100	 	 	 	Carmel by the Sea	CA	93921
	40	0.208300	 	 	100.000000	Needham	MA	02492
	41	0.349000	 	 	 	Berkeley	CA	94705
	42	0.290400	 	 	100.000000	REDWOOD CITY	CA	94062
	43	0.125100	 	 	 	Campbell	CA	95008
	44	0.047400	 	 	100.000000	Boston	MA	02125
	45	0.390700	 	 	25.000000	Boston	MA	02125
	46	0.085600	 	 	 	Boston	MA	02120
	47	0.108100	 	 	 	Dorchester	MA	02125
	48	0.388300	 	 	 	Danville	CA	94526
	49	0.212800	 	 	100.000000	Redwood City	CA	94062
	50	0.372600	 	 	 	Los Angeles	CA	90020
	51	0.165700	 	 	 	Kirkwood	CA	95646
	52	0.332000	 	 	 	Cambridge	MA	02138
	53	0.182400	 	 	 	East Hampton	NY	11937
	54	0.258300	 	 	 	Medford	MA	02155
	55	0.227400	 	 	 	San Francisco	CA	94131
	56	0.174700	 	 	100.000000	New York	NY	10011
	57	0.130300	 	 	 	Roxbury	MA	02119
	58	0.130300	 	 	 	Roxbury	MA	02119
	59	0.130300	 	 	 	Roxbury	MA	02119
	60	0.377700	 	 	 	Rancho Santa Fe	CA	92067
	61	0.142500	 	 	 	Tiburon	CA	94920
	62	0.294000	 	 	100.000000	San Francisco	CA	94109
	63	0.204400	 	 	 	New York	NY	10003
	64	0.352300	 	 	 	Newtonville	MA	02460
	65	0.409900	 	 	100.000000	Weston	MA	02493
	66	0.365200	 	 	 	Los Angeles	CA	90015
	67	0.429600	 	 	 	New York	NY	10065
	68	0.159200	 	 	39.290000	San Francisco	CA	94118
	69	0.270900	 	 	 	Wellesley	MA	02482
	70	0.340100	 	 	 	Brighton	MA	02135
	71	0.222400	 	 	100.000000	Needham	MA	02492
	72	0.590000	 	 	 	San Anselmo	CA	94960
	73	0.303300	 	 	100.000000	Cambridge	MA	02139
	74	0.679100	 	 	 	Dennis	MA	02638
	75	0.415900	 	 	 	Monte Sereno	CA	95030
	76	0.148700	 	 	 	Chicago	IL	60647
	77	0.233500	 	 	 	Holmdel	NJ	07733
	78	0.508300	 	 	100.000000	SAN FRANCISCO	CA	94109
	79	0.241400	 	 	 	BOSTON	MA	02136
	80	0.261600	 	 	 	Rancho Santa Fe	CA	92067
	81	0.423100	 	 	 	Woodside	CA	94062
	82	0.383800	 	 	 	Berkeley	CA	94708
	83	0.113800	 	 	100.000000	San Rafael	CA	94903
	84	0.138800	 	 	 	San Francisco	CA	94158
	85	0.193600	 	 	 	Brooklyn	NY	11215
	86	0.378900	 	 	 	Boston	MA	02116
	87	0.213300	 	 	 	San Francisco	CA	94114
	88	0.199800	 	 	25.430000	Malibu	CA	90265
	89	0.455800	 	 	 	San Rafael	CA	94901
	90	0.198700	 	 	100.000000	DOVER	MA	02030
	91	0.131800	 	 	 	Oakland	CA	94618
	92	0.064900	 	 	 	Redondo Beach	CA	90277
	93	0.367500	 	 	 	Los Angeles	CA	90049
	94	0.343500	 	 	 	San Carlos	CA	94070
	95	0.468800	 	 	 	Truckee	CA	96161
	96	0.169100	 	 	 	Salinas	CA	93908
	97	0.053700	 	 	100.000000	Newton	MA	02468
	98	0.390800	 	 	 	Boston	MA	02130
	99	0.282300	 	 	 	Oakland	CA	94611
	100	0.368800	 	 	100.000000	Brookline	MA	02446
	101	0.107400	 	 	 	Los Altos Hills	CA	94022
	102	0.365600	 	 	100.000000	San Francisco	CA	94115
	103	0.279700	 	 	100.000000	San Francisco	CA	94127
	104	0.133500	 	 	100.000000	Los Altos	CA	94022
	105	0.164000	 	 	100.000000	Larkspur	CA	94939
	106	0.405900	 	 	 	San Francisco	CA	94110
	107	0.080500	 	 	 	Tewksbury	MA	01876
	108	0.445300	 	 	 	New York	NY	10028
	109	0.264600	 	 	100.000000	MENLO PARK	CA	94025
	110	0.378600	 	 	 	San Francisco	CA	94133
	111	0.387400	 	 	 	Carmel	CA	93923
	112	0.144900	 	 	 	San Francisco	CA	94133
	113	0.373400	 	 	 	Corte Madera	CA	94925
	114	0.379400	 	 	62.830000	San Francisco	CA	94105
	115	0.589100	 	 	89.870000	Boston	MA	02215
	116	0.364900	 	 	100.000000	San Francisco	CA	94118
	117	0.424800	 	 	10.000000	Brooklyn	NY	11201
	118	0.077300	 	 	100.000000	Mill Valley	CA	94941
	119	0.106100	 	 	 	San Carlos	CA	94070
	120	0.336300	 	 	100.000000	Acton	MA	01720
	121	0.329300	 	 	100.000000	San Francisco	CA	94118
	122	0.252400	 	 	20.610000	San Anselmo	CA	94960
	123	0.218900	 	 	 	Palo Alto	CA	94303
	124	0.318800	 	 	 	Menlo Park	CA	94025
	125	0.391900	 	 	 	Palo Alto	CA	94301
	126	0.406500	 	 	 	Burlingame	CA	94010
	127	0.259800	 	 	 	Mill Valley	CA	94941
	128	0.254300	 	 	100.000000	TRUCKEE	CA	96161
	129	0.159200	 	 	20.710000	Brookline	MA	02445
	130	0.286500	 	 	100.000000	Larkspur	CA	94939
	131	0.176600	 	 	100.000000	Cambridge	MA	02138
	132	0.042200	 	 	100.000000	San Francisco	CA	94105
	133	0.295600	 	 	 	Tahoe City	CA	96145
	134	0.240200	 	 	 	San Francisco	CA	94122
	135	0.347300	 	 	100.000000	Moraga	CA	94556
	136	0.333800	 	 	100.000000	Burlingame	CA	94010
	137	0.318700	 	 	 	Los Angeles	CA	90066
	138	0.353400	 	 	 	Venice	CA	90291
	139	0.292100	 	 	100.000000	San Francisco	CA	94115
	140	0.403900	 	 	 	Los Gatos	CA	95032
	141	0.146400	 	 	100.000000	LOS ANGELES (ENCINO AREA)	CA	91316
	142	0.117700	 	 	100.000000	NEW YORK	NY	10065
	143	0.267100	 	 	 	Los Altos	CA	94024
	144	0.394900	 	 	100.000000	San Francisco	CA	94127
	145	0.348200	 	 	 	Los Angeles	CA	90048
	146	0.286600	 	 	 	Santa Clara	CA	95051
	147	0.185300	 	 	100.000000	Mill Valley	CA	94941
	148	0.410300	 	 	 	Portola Valley	CA	94028
	149	0.414400	 	 	 	San Francisco	CA	94117
	150	0.147100	 	 	100.000000	San Francisco	CA	94118
	151	0.257600	 	 	100.000000	WESTFIELD	NJ	07090
	152	0.077200	 	 	25.000000	Los Angeles	CA	90077
	153	0.203700	 	 	100.000000	San Francisco	CA	94115
	154	0.375700	 	 	 	Kentfield	CA	94904
	155	0.077400	 	 	100.000000	San Rafael	CA	94903
	156	0.266900	 	 	 	Mill Valley	CA	94941
	157	0.425600	 	 	100.000000	San Francisco	CA	94118
	158	0.204900	 	 	100.000000	New York	NY	10023
	159	0.192700	 	 	 	San Francisco	CA	94114
	160	0.179000	 	 	 	Old Greenwich	CT	06870
	161	0.240800	 	 	20.000000	Berkeley	CA	94705
	162	0.209800	 	 	41.070000	San Francisco	CA	94123
	163	0.141600	 	 	 	LOS ANGELES	CA	90035
	164	0.410900	 	 	100.000000	Gearhart	OR	97138
	165	0.483500	 	 	 	Calistoga	CA	94515
	166	0.184100	 	 	100.000000	Tiburon	CA	94920
	167	0.294000	 	 	 	Carpinteria	CA	93013
	168	0.201100	 	 	 	LOS ANGELES	CA	90210
	169	0.312000	 	 	 	San Carlos	CA	94070
	170	0.434000	 	 	100.000000	San Rafael	CA	94901
	171	0.355900	 	 	100.000000	Boston	MA	02115
	172	0.232800	 	 	 	Newport Beach	CA	92660
	173	0.089800	 	 	100.000000	Dover	MA	02032
	174	0.108700	 	 	 	Hingham	MA	02043
	175	0.376700	 	 	100.000000	Los Gatos	CA	95032
	176	0.332500	 	 	 	San Francisco	CA	94127
	177	0.206400	 	 	 	Palo Alto	CA	94303
	178	0.320400	 	 	100.000000	SAN FRANCISCO	CA	94107
	179	0.198500	 	 	100.000000	Medfield	MA	02052
	180	0.291500	 	 	 	Studio City Area	CA	91604
	181	0.442400	 	 	 	San Francisco	CA	94115
	182	0.258700	 	 	 	Los Altos	CA	94024
	183	0.345900	 	 	 	Irvine	CA	92603
	184	0.459300	 	 	 	Larkspur	CA	94939
	185	0.147400	 	 	 	Los Angeles	CA	90049
	186	0.103500	 	 	 	San Francisco	CA	94123
	187	0.198600	 	 	 	Redwood City	CA	94062
	188	0.184800	 	 	100.000000	LOS ANGELES	CA	90064
	189	0.372500	 	 	 	Ridgefield	CT	06877
	190	0.090800	 	 	100.000000	KENTFIELD	CA	94904
	191	0.436500	 	 	100.000000	BOSTON	MA	02116
	192	0.372500	 	 	100.000000	Lexington	MA	02420
	193	0.120800	 	 	100.000000	Harvey Cedars	NJ	08008
	194	0.110000	 	 	100.000000	San Francisco	CA	94117
	195	0.326700	 	 	100.000000	NEW YORK	NY	10128
	196	0.280700	 	 	 	Palo Alto	CA	94301
	197	0.280700	 	 	25.000000	Palo Alto	CA	94301
	198	0.218900	 	 	 	Sonoma	CA	95476
	199	0.338100	 	 	 	JAMAICA PLAIN	MA	02130
	200	0.373900	 	 	 	San Francisco	CA	94118
	201	0.344700	 	 	100.000000	Oak Park Area	CA	91377
	202	0.276900	 	 	100.000000	Santa Monica	CA	90405
	203	0.239600	 	 	 	New York	NY	10025
	204	0.278300	 	 	 	SAN FRANCISCO	CA	94115
	205	0.185300	 	 	 	San Francisco	CA	94123
	206	0.359500	 	 	100.000000	Mountain View	CA	94041
	207	0.457200	 	 	100.000000	Los Angeles	CA	90035
	208	0.219800	 	 	 	San Francisco	CA	94123
	209	0.363600	 	 	100.000000	MONTARA	CA	94037
	210	0.187300	 	 	100.000000	BOSTON	MA	02116
	211	0.208700	 	 	100.000000	Berkeley	CA	94708
	212	0.438200	 	 	 	Palo Alto	CA	94306
	213	0.454200	 	 	100.000000	Los Angeles	CA	90049
	214	0.431900	 	 	100.000000	SAN FRANCISCO	CA	94107
	215	0.239700	 	 	 	Larkspur	CA	94939
	216	0.438800	 	 	100.000000	OAKLAND	CA	94618
	217	0.269900	 	 	 	Belmont	CA	94002
	218	0.196300	 	 	 	SAN FRANCISCO	CA	94114
	219	0.287900	 	 	 	SAN FRANCISCO	CA	94123
	220	0.199400	 	 	100.000000	Hingham	MA	02043
	221	0.249900	 	 	100.000000	NAPA	CA	94558
	222	0.224800	 	 	 	San Francisco	CA	94107
	223	0.332300	 	 	100.000000	Greenbrae	CA	94904
	224	0.222300	 	 	 	Oakland	CA	94610
	225	0.146000	 	 	100.000000	TIBURON	CA	94920
	226	0.128300	 	 	 	Piedmont	CA	94611
	227	0.318100	 	 	 	ORINDA	CA	94563
	228	0.309800	 	 	 	Oakland	CA	94705
	229	0.206700	 	 	 	Irvine	CA	92603
	230	0.298600	 	 	100.000000	RIVERSIDE	CT	06878
	231	0.214500	 	 	 	Mountain View	CA	94040
	232	0.331200	 	 	100.000000	CARMEL VALLEY	CA	93924
	233	0.250500	 	 	100.000000	Natick	MA	01760
	234	0.198700	 	 	 	SAN FRANCISCO	CA	94117
	235	0.316800	 	 	100.000000	NEW YORK	NY	10075
	236	0.344400	 	 	 	PORTOLA VALLEY	CA	94028
	237	0.397600	 	 	100.000000	Mill Valley	CA	94941
	238	0.363000	 	 	100.000000	Piedmont	CA	94610
	239	0.326600	 	 	100.000000	LOS ALTOS	CA	94022
	240	0.293900	 	 	 	LOS ALTOS HILLS	CA	94304
	241	0.385800	 	 	 	Piedmont	CA	94611
	242	0.436900	 	 	 	SAN FRANCISCO	CA	94133
	243	0.339900	 	 	100.000000	San Francisco	CA	94131
	244	0.300300	 	 	100.000000	HERMOSA BEACH	CA	90254
	245	0.253400	 	 	 	SAN FRANCISCO	CA	94109
	246	0.553900	 	 	100.000000	Palo Alto	CA	94301
	247	0.279100	 	 	 	ALTADENA	CA	91001
	248	0.290400	 	 	 	LOS ANGELES	CA	90024
	249	0.233000	 	 	 	Los Angeles	CA	90064
	250	0.212100	 	 	100.000000	San Carlos	CA	94070
	251	0.186600	 	 	 	San Francisco	CA	94122
	252	0.194500	 	 	 	JAMAICA PLAIN	MA	02130
	253	0.409300	 	 	100.000000	PETALUMA	CA	94952
	254	0.260300	 	 	100.000000	SANTA BARBARA	CA	93101
	255	0.222200	 	 	100.000000	SAN DIEGO (DEL MAR AREA)	CA	92014
	256	0.218000	 	 	100.000000	Redwood City	CA	94061
	257	0.114000	 	 	100.000000	BIG SKY	MT	59716
	258	0.307500	 	 	 	New York	NY	10011
	259	0.371300	 	 	100.000000	SAN FRANCISCO	CA	94118
	260	0.363600	 	 	 	San Francisco	CA	94122
	261	0.352000	 	 	 	ATHERTON	CA	94027
	262	0.440000	 	 	100.000000	STUDIO CITY	CA	91604
	263	0.264500	 	 	100.000000	GREENWICH	CT	06831
	264	0.111600	 	 	100.000000	Venice	CA	90291
	265	0.214400	 	 	100.000000	GLEN ELLEN	CA	95442
	266	0.350100	 	 	 	DOVER	MA	02030
	267	0.190700	 	 	100.000000	Los Angeles	CA	90064
	268	0.336300	 	 	100.000000	San Francisco	CA	94110
	269	0.409000	 	 	 	LOS GATOS	CA	95032
	270	0.357800	 	 	100.000000	Incline Village	NV	89451
	271	0.398700	 	 	 	POWAY	CA	92064
	272	0.353600	 	 	100.000000	HOBOKEN	NJ	07030
	273	0.330500	 	 	 	HILLSBOROUGH	CA	94010
	274	0.301500	 	 	100.000000	NEWTON	MA	02465
	275	0.365000	 	 	100.000000	SAN FRANCISCO	CA	94121
	276	0.198100	 	 	 	SARATOGA	CA	95070
	277	0.419400	 	 	 	BELMONT	CA	94002
	278	0.292000	 	 	100.000000	SAN FRANCISCO	CA	94133
	279	0.108800	 	 	100.000000	FALMOUTH	MA	02540
	280	0.212500	 	 	100.000000	BROOKLYN	NY	11211
	281	0.176200	 	 	 	NEWTON	MA	02458
	282	0.279900	 	 	 	SAN CARLOS	CA	94070
	283	0.228300	 	 	100.000000	WALNUT CREEK	CA	94596
	284	0.258500	 	 	100.000000	Lafayette	CA	94549
	285	0.356300	 	 	 	SAN FRANCISCO	CA	94117
	286	0.394700	 	 	 	SAN FRANCISCO	CA	94114
	287	0.426800	 	 	100.000000	NEW YORK	NY	10036
	288	0.381700	 	 	100.000000	SAN FRANCISCO	CA	94103
	289	0.487500	 	 	100.000000	SAN FRANCISCO	CA	94158
	290	0.470300	 	 	100.000000	SAN FRANCISCO	CA	94127
	291	0.274100	 	 	 	HILLSBOROUGH	CA	94010
	292	0.248200	 	 	100.000000	MENLO PARK	CA	94025
	293	0.398000	 	 	 	LAGUNA BEACH	CA	92651
	294	0.457900	 	 	 	TIBURON	CA	94920
	295	0.370900	 	 	100.000000	SAN FRANICSCO	CA	94110
	296	0.378400	 	 	100.000000	San Francisco	CA	94107
	297	0.195400	 	 	100.000000	LARKSPUR	CA	94939
	298	0.234900	 	 	 	HILLSBOROUGH	CA	94010
	299	0.334500	 	 	 	TIBURON	CA	94920
	300	0.295700	 	 	 	PORTOLA VALLEY	CA	94028
	301	0.332700	 	 	 	SAN FRANCISCO	CA	94110
	302	0.185400	 	 	100.000000	SAN FRANCISCO	CA	94114
	303	0.187500	 	 	100.000000	BOSTON	MA	02118
	304	0.417700	 	 	100.000000	SARATOGA	CA	95070
	305	0.351600	 	 	 	DANVILLE	CA	94526
	306	0.426100	 	 	100.000000	SAN FRANCISCO	CA	94103
	307	0.186900	 	 	100.000000	MASHPEE	MA	02649
	308	0.260100	 	 	 	MENLO PARK	CA	94025
	309	0.305900	 	 	100.000000	Danville	CA	94526
	310	0.278700	 	 	 	SAN FRANCISCO	CA	94118
	311	0.386100	 	 	100.000000	MENLO PARK	CA	94025
	312	0.263800	 	 	100.000000	CORTE MADERA	CA	94925
	313	0.496700	 	 	100.000000	SAN FRANCISCO	CA	94117
	314	0.316900	 	 	100.000000	SANTA BARBARA	CA	93108
	315	0.451100	 	 	 	LOS ANGELES	CA	90049
	316	0.451100	 	 	 	ALAMO	CA	94507
	317	0.190600	 	 	100.000000	CARMEL	CA	93923
	318	0.372000	 	 	100.000000	SAN FRANCISCO	CA	94133
	319	0.277800	 	 	 	BOSTON	MA	02125
	320	0.442500	 	 	100.000000	LOS ANGELES	CA	91607
	321	0.114200	 	 	100.000000	PORTOLA VALLEY	CA	94028
	322	0.418400	 	 	100.000000	BOSTON	MA	02118
	323	0.199700	 	 	100.000000	TUXEDO PARK	NY	10987
	324	0.295500	 	 	 	SAN FRANCISCO	CA	94118
	325	0.255500	 	 	100.000000	SAN FRANCISCO	CA	94105
	326	0.220200	 	 	 	MENLO PARK	CA	94025
	327	0.211100	 	 	100.000000	TIBURON	CA	94920
	328	0.420800	 	 	 	SAN FRANCISCO	CA	94109
	329	0.289700	 	 	100.000000	SAN FRANCISCO	CA	94123
	330	0.531100	 	 	100.000000	TIBURON	CA	94920
	331	0.350300	 	 	100.000000	ORINDA	CA	94563
	332	0.180700	 	 	100.000000	KENNEBUNK	ME	04043
	333	0.285600	 	 	100.000000	BURLINGAME	CA	94010
	334	0.213000	 	 	100.000000	SAN MATEO	CA	94402
	335	0.270900	 	 	100.000000	GREENBRAE	CA	94904
	336	0.302200	 	 	100.000000	SAN FRANCISCO	CA	94118
	337	0.404400	 	 	100.000000	HONOLULU	HI	96821
	338	0.311600	 	 	100.000000	SAN FRANCISCO	CA	94118
	339	0.162400	 	 	100.000000	SAN FRANCISCO	CA	94133
	340	0.365900	 	 	100.000000	OLYMPIC VALLEY	CA	96146
	341	0.256900	 	 	100.000000	SAN FRANCISCO	CA	94117
	342	0.298500	 	 	100.000000	MENLO PARK	CA	94025
	343	0.515400	 	 	100.000000	SAN FRANCISCO	CA	94118
	344	0.067000	 	 	 	Yountville	CA	94599

 

	 	123	124	125	126	127	128	129	130	131
	 	Property Type	Occupancy	Sales Price	Original Appraised
 Property Value	Original Property
 Valuation Type	Original Property
 Valuation Date	Original Automated
 Valuation Model
 (AVM) Model Name	Original AVM
 Confidence Score	Most Recent
 Property Value2
	1	2	1	 	375000.00	3	20100914	 	 	599000
	2	1	1	840000.00	840000.00	3	20120707	 	 	 
	3	1	1	1470000.00	1470000.00	3	20120827	 	 	 
	4	1	2	 	8500000.00	3	20100922	 	 	 
	5	7	1	 	1750000.00	3	20101019	 	 	1750000
	6	1	1	 	8000000.00	3	20100910	 	 	 
	7	3	2	1100000.00	1100000.00	3	20101105	 	 	1000000
	8	1	1	 	8250000.00	3	20101125	 	 	 
	9	7	1	 	255000.00	3	20101206	 	 	260000
	10	3	1	870000.00	870000.00	3	20110113	 	 	1100000
	11	4	1	1850000.00	1850000.00	3	20110131	 	 	1855000
	12	7	1	335000.00	335000.00	3	20110131	 	 	375000
	13	1	1	 	650000.00	3	20110215	 	 	600000
	14	1	2	 	1000000.00	3	20110427	 	 	740000
	15	1	1	2280000.00	2280000.00	3	20110426	 	 	2280000
	16	1	1	 	4500000.00	3	20110512	 	 	 
	17	3	1	860000.00	860000.00	3	20111205	 	 	910000
	18	1	1	2257500.00	2275000.00	3	20110708	 	 	2250000
	19	3	1	699000.00	699000.00	3	20110617	 	 	580000
	20	4	1	2495000.00	2500000.00	3	20110627	 	 	2500000
	21	1	2	1300000.00	1300000.00	3	20110630	 	 	1500000
	22	7	2	3200000.00	3200000.00	3	20110705	 	 	2955000
	23	7	1	 	1300000.00	3	20110821	 	 	1350000
	24	1	1	 	2350000.00	3	20111011	 	 	2150000
	25	1	1	 	1205000.00	3	20110922	 	 	1198000
	26	13	1	 	1550000.00	3	20110901	 	 	1600000
	27	13	1	 	1750000.00	3	20110919	 	 	1625000
	28	1	1	 	2300000.00	3	20110914	 	 	2140000
	29	1	1	 	1070000.00	3	20110906	 	 	1100000
	30	3	1	 	1765000.00	3	20110926	 	 	1750000
	31	2	1	 	1425000.00	3	20111003	 	 	1250000
	32	1	1	1390000.00	1390000.00	3	20110927	 	 	1300000
	33	3	1	195000.00	195000.00	3	20110923	 	 	 
	34	1	3	 	292000.00	3	20111015	 	 	295000
	35	3	1	 	610000.00	3	20111031	 	 	525000
	36	1	1	1635000.00	1650000.00	3	20111005	 	 	1610000
	37	4	1	 	310000.00	3	20111213	 	 	330000
	38	3	2	900000.00	900000.00	3	20111006	 	 	900000
	39	1	2	3750000.00	3750000.00	3	20111019	 	 	3700000
	40	1	1	 	1380000.00	3	20111031	 	 	1400000
	41	1	1	 	970000.00	3	20111115	 	 	 
	42	1	1	711000.00	711000.00	3	20121013	 	 	715000
	43	1	1	 	708000.00	3	20111020	 	 	670000
	44	3	3	215000.00	220000.00	3	20111024	 	 	250000
	45	3	3	216000.00	220000.00	3	20111024	 	 	250000
	46	13	3	 	770000.00	3	20111026	 	 	720000
	47	3	1	213000.00	219000.00	3	20111101	 	 	250000
	48	7	1	 	510000.00	3	20111101	 	 	540000
	49	1	1	 	1145000.00	3	20110919	 	 	 
	50	1	1	 	2700000.00	3	20111109	 	 	2300000
	51	3	2	 	586000.00	3	20111115	 	 	599000
	52	3	1	 	1262000.00	3	20111127	 	 	 
	53	1	2	 	5069500.00	98	20111129	 	 	 
	54	14	3	 	560000.00	3	20111217	 	 	515000
	55	1	1	 	875000.00	3	20120216	 	 	 
	56	2	1	1180000.00	1180000.00	3	20120424	 	 	 
	57	14	3	 	278000.00	3	20111212	 	 	 
	58	14	3	 	323000.00	3	20111212	 	 	 
	59	14	3	 	564000.00	3	20111222	 	 	 
	60	7	1	 	3500000.00	3	20111220	 	 	 
	61	1	1	 	3000000.00	3	20120130	 	 	 
	62	1	1	 	3800000.00	3	20120116	 	 	 
	63	2	1	425000.00	425000.00	3	20120120	 	 	 
	64	3	1	490000.00	490000.00	3	20120109	 	 	455000
	65	3	1	750000.00	750000.00	3	20120123	 	 	 
	66	1	1	 	275000.00	3	20120224	 	 	 
	67	4	2	 	920000.00	3	20120213	 	 	 
	68	1	1	1400000.00	1400000.00	3	20120120	 	 	 
	69	1	1	 	5000000.00	3	20120217	 	 	 
	70	3	3	 	250000.00	3	20100201	 	 	 
	71	1	1	1150000.00	1200000.00	3	20120209	 	 	 
	72	1	1	 	900000.00	3	20120227	 	 	 
	73	3	3	278000.00	282000.00	3	20120213	 	 	 
	74	1	2	 	580000.00	3	20120215	 	 	 
	75	1	1	 	2500000.00	3	20120302	 	 	 
	76	1	1	750000.00	750000.00	3	20120404	 	 	 
	77	1	1	 	1240000.00	3	20120221	 	 	 
	78	2	1	 	905000.00	3	20120813	 	 	 
	79	13	1	 	325000.00	3	20120326	 	 	 
	80	1	1	 	2260000.00	3	20120313	 	 	 
	81	1	1	 	1800000.00	3	20120229	 	 	 
	82	1	1	 	975000.00	3	20120313	 	 	 
	83	1	2	683500.00	685000.00	3	20120228	 	 	 
	84	4	1	 	925000.00	3	20120402	 	 	 
	85	13	1	 	3400000.00	3	20120406	 	 	 
	86	3	1	 	3000000.00	3	20120409	 	 	 
	87	13	1	 	1400000.00	3	20120319	 	 	 
	88	1	1	3450000.00	3450000.00	3	20120329	 	 	 
	89	1	1	 	4200000.00	3	20120321	 	 	 
	90	1	1	 	1240000.00	3	20120330	 	 	 
	91	1	1	 	1300000.00	3	20120326	 	 	 
	92	1	1	 	1160000.00	3	20120328	 	 	 
	93	1	1	 	6850000.00	3	20120416	 	 	 
	94	1	1	830000.00	830000.00	3	20120329	 	 	 
	95	7	2	 	470000.00	3	20120416	 	 	 
	96	1	1	 	2000000.00	3	20120404	 	 	 
	97	1	1	2200000.00	2200000.00	3	20120410	 	 	 
	98	4	3	 	230000.00	3	20111201	 	 	 
	99	1	1	 	1185000.00	3	20120404	 	 	 
	100	13	1	1563500.00	1575000.00	3	20120412	 	 	 
	101	1	3	 	1700000.00	3	20120418	 	 	 
	102	2	1	305000.00	305000.00	3	20120409	 	 	 
	103	1	1	1105000.00	1106000.00	3	20120403	 	 	 
	104	1	1	3225000.00	3225000.00	3	20120531	 	 	 
	105	1	1	 	2550000.00	3	20120413	 	 	 
	106	3	1	 	645000.00	3	20120416	 	 	 
	107	3	1	 	192000.00	3	20120412	 	 	 
	108	2	1	 	1900000.00	3	20120606	 	 	 
	109	1	1	2330000.00	2330000.00	3	20120821	 	 	 
	110	2	1	 	2200000.00	3	20120518	 	 	 
	111	7	2	 	1000000.00	3	20120502	 	 	 
	112	1	1	 	4500000.00	3	20120608	 	 	 
	113	1	1	 	780000.00	3	20120509	 	 	 
	114	4	1	2600000.00	2600000.00	3	20120426	 	 	 
	115	4	1	480000.00	480000.00	3	20120501	 	 	 
	116	1	1	1510000.00	1510000.00	3	20120430	 	 	 
	117	4	1	1325000.00	1300000.00	3	20120516	 	 	 
	118	1	1	 	1600000.00	3	20120504	 	 	 
	119	1	3	 	470000.00	3	20120516	 	 	 
	120	1	1	505000.00	506000.00	3	20120511	 	 	 
	121	13	1	1890000.00	1890000.00	3	20120507	 	 	 
	122	1	1	1150000.00	1150000.00	3	20120516	 	 	 
	123	1	1	 	2000000.00	3	20120524	 	 	 
	124	1	1	 	1320000.00	3	20120531	 	 	 
	125	1	1	 	3100000.00	3	20120523	 	 	 
	126	1	1	 	1700000.00	3	20120515	 	 	 
	127	1	1	 	3000000.00	3	20120522	 	 	 
	128	7	2	1500000.00	1750000.00	3	20120816	 	 	 
	129	1	1	3350000.00	3700000.00	3	20120516	 	 	 
	130	1	1	2060000.00	2060000.00	3	20120515	 	 	 
	131	3	1	2125000.00	2125000.00	3	20120524	 	 	 
	132	4	3	1925000.00	1925000.00	3	20120509	 	 	 
	133	7	1	 	1240000.00	3	20120530	 	 	 
	134	1	1	 	1375000.00	3	20120614	 	 	 
	135	1	1	1230000.00	1250000.00	3	20120521	 	 	 
	136	1	1	2400000.00	2400000.00	3	20120518	 	 	 
	137	1	1	 	1500000.00	3	20120522	 	 	 
	138	1	3	 	950000.00	3	20120525	 	 	 
	139	3	1	1065000.00	1065000.00	3	20120521	 	 	 
	140	1	1	1295000.00	1315000.00	3	20120605	 	 	 
	141	1	1	 	1775000.00	3	20120524	 	 	 
	142	4	2	2299000.00	2320000.00	3	20120605	 	 	 
	143	1	1	1640000.00	1550000.00	3	20120516	 	 	 
	144	7	1	1900000.00	1900000.00	3	20120518	 	 	 
	145	1	1	 	1200000.00	3	20120530	 	 	 
	146	1	1	 	1000000.00	3	20120605	 	 	 
	147	1	1	1905000.00	1905000.00	3	20120521	 	 	 
	148	1	1	 	2000000.00	3	20120805	 	 	 
	149	3	1	 	1300000.00	3	20120521	 	 	 
	150	1	1	3550000.00	3550000.00	3	20120521	 	 	 
	151	1	1	1343805.00	1343805.00	3	20120914	 	 	 
	152	1	1	4800000.00	4800000.00	3	20120518	 	 	 
	153	3	1	14880000.00	1500000.00	3	20120523	 	 	 
	154	7	1	 	6760000.00	3	20120612	 	 	 
	155	3	3	 	215000.00	3	20120523	 	 	 
	156	1	1	 	1200000.00	3	20120605	 	 	 
	157	1	1	3300000.00	3800000.00	3	20120521	 	 	 
	158	2	1	2812500.00	2812500.00	3	20120530	 	 	 
	159	3	1	 	1150000.00	3	20120529	 	 	 
	160	1	1	 	2500000.00	3	20120612	 	 	 
	161	1	1	1799000.00	1799000.00	3	20120524	 	 	 
	162	1	1	5100000.00	5100000.00	3	20120529	 	 	 
	163	1	1	 	1750000.00	3	20120611	 	 	 
	164	1	2	1400000.00	1400000.00	3	20120609	 	 	 
	165	1	1	 	2350000.00	3	20120612	 	 	 
	166	1	1	1540000.00	1540000.00	3	20120531	 	 	 
	167	1	1	 	1700000.00	3	20120607	 	 	 
	168	1	1	 	2800000.00	3	20120613	 	 	 
	169	1	1	 	1250000.00	3	20120607	 	 	 
	170	1	1	1510000.00	1510000.00	3	20110529	 	 	 
	171	4	3	269500.00	270000.00	3	20120606	 	 	 
	172	7	1	 	2600000.00	3	20120611	 	 	 
	173	1	1	1447000.00	1447000.00	3	20120618	 	 	 
	174	1	1	 	850000.00	3	20120619	 	 	 
	175	1	1	1950000.00	1950000.00	3	20120606	 	 	 
	176	1	1	 	1350000.00	3	20120613	 	 	 
	177	1	1	 	1850000.00	3	20120626	 	 	 
	178	3	1	 	900000.00	3	20120607	 	 	 
	179	1	1	1050000.00	1050000.00	3	20120602	 	 	 
	180	1	1	 	1125000.00	3	20120622	 	 	 
	181	1	1	 	2900000.00	3	20120615	 	 	 
	182	1	1	 	1325000.00	3	20120619	 	 	 
	183	7	1	7100000.00	7100000.00	3	20120619	 	 	 
	184	1	1	 	1625000.00	3	20120620	 	 	 
	185	1	1	 	7250000.00	3	20120519	 	 	 
	186	14	3	2000000.00	2050000.00	3	20120614	 	 	 
	187	1	1	 	3000000.00	3	20120703	 	 	 
	188	1	1	 	2400000.00	3	20120216	 	 	 
	189	1	1	 	1200000.00	3	20120625	 	 	 
	190	1	1	 	3500000.00	3	20120731	 	 	 
	191	4	1	817000.00	820000.00	3	20120628	 	 	 
	192	1	1	1680000.00	1680000.00	3	20120612	 	 	 
	193	1	2	1750000.00	1775000.00	3	20120621	 	 	 
	194	1	1	1400000.00	1400000.00	3	20120621	 	 	 
	195	2	1	2000000.00	2000000.00	3	20120626	 	 	 
	196	1	1	 	2950000.00	3	20120622	 	 	 
	197	13	3	1995000.00	1995000.00	3	20120624	 	 	 
	198	1	2	 	2000000.00	3	20120707	 	 	 
	199	2	1	 	440000.00	3	20120709	 	 	 
	200	13	1	 	3800000.00	3	20120627	 	 	 
	201	7	1	999000.00	1000000.00	3	20120622	 	 	 
	202	1	1	959000.00	960000.00	3	20120626	 	 	 
	203	4	1	2662500.00	2662500.00	3	20120703	 	 	 
	204	13	1	 	1550000.00	3	20120713	 	 	 
	205	1	1	 	4900000.00	3	20120716	 	 	 
	206	1	1	1385000.00	1385000.00	3	20120626	 	 	 
	207	7	1	1665000.00	1665000.00	3	20120626	 	 	 
	208	13	3	 	2200000.00	3	20120712	 	 	 
	209	1	1	 	1500000.00	3	20120723	 	 	 
	210	3	1	4500000.00	4500000.00	3	20120710	 	 	 
	211	1	1	1485000.00	1485000.00	3	20120703	 	 	 
	212	1	1	2790000.00	2718000.00	3	20120708	 	 	 
	213	3	1	1325000.00	1325000.00	3	20120705	 	 	 
	214	4	1	 	700000.00	3	20120906	 	 	 
	215	1	1	 	1850000.00	3	20120711	 	 	 
	216	1	1	1785000.00	1800000.00	3	20120706	 	 	 
	217	1	1	 	1400000.00	3	20120717	 	 	 
	218	1	1	 	1700000.00	3	20120709	 	 	 
	219	1	3	 	2025000.00	3	20120716	 	 	 
	220	1	1	775850.00	776000.00	3	20120719	 	 	 
	221	1	1	1090000.00	1090000.00	3	20120707	 	 	 
	222	3	1	 	970000.00	3	20120716	 	 	 
	223	1	1	1310000.00	1310000.00	3	20120710	 	 	 
	224	1	1	1075000.00	1075000.00	3	20120709	 	 	 
	225	7	1	 	1820000.00	3	20120726	 	 	 
	226	1	3	 	1250000.00	3	20120723	 	 	 
	227	1	1	 	1200000.00	3	20120724	 	 	 
	228	1	1	1325000.00	1325000.00	3	20120713	 	 	 
	229	7	1	 	1620000.00	3	20120730	 	 	 
	230	1	1	4000000.00	4200000.00	3	20120713	 	 	 
	231	1	1	 	1625000.00	3	20120714	 	 	 
	232	7	1	 	1550000.00	3	20120731	 	 	 
	233	3	1	725000.00	730000.00	3	20120802	 	 	 
	234	1	1	 	1550000.00	3	20120731	 	 	 
	235	2	1	 	1200000.00	3	20120807	 	 	 
	236	1	1	 	1500000.00	3	20120802	 	 	 
	237	7	1	1170000.00	1170000.00	3	20120719	 	 	 
	238	1	1	1360000.00	1360000.00	3	20120723	 	 	 
	239	1	1	 	2300000.00	3	20120806	 	 	 
	240	1	1	 	3000000.00	3	20120809	 	 	 
	241	1	1	 	1620000.00	3	20120806	 	 	 
	242	3	1	 	1685000.00	3	20120814	 	 	 
	243	1	1	1735000.00	1735000.00	3	20120720	 	 	 
	244	3	1	 	1100000.00	3	20120807	 	 	 
	245	3	1	 	1600000.00	3	20120808	 	 	 
	246	15	1	2064000.00	2100000.00	3	20120726	 	 	 
	247	1	1	 	1200000.00	98	20120815	 	 	 
	248	1	1	 	1340000.00	3	20120723	 	 	 
	249	1	1	 	2650000.00	3	20120725	 	 	 
	250	1	1	1625000.00	1575000.00	3	20120723	 	 	 
	251	1	1	1125000.00	1125000.00	3	20120725	 	 	 
	252	2	1	 	215000.00	3	20120813	 	 	 
	253	1	1	1700000.00	1700000.00	3	20120724	 	 	 
	254	3	1	 	700000.00	3	20120810	 	 	 
	255	1	1	 	2300000.00	3	20120814	 	 	 
	256	1	1	1249000.00	1249000.00	3	20120726	 	 	 
	257	7	2	 	1899000.00	3	20120820	 	 	 
	258	3	1	 	3300000.00	3	20120730	 	 	 
	259	14	3	 	1400000.00	3	20120801	 	 	 
	260	3	1	 	1250000.00	3	20120730	 	 	 
	261	1	1	 	5100000.00	3	20120807	 	 	 
	262	1	1	 	1100000.00	3	20120831	 	 	 
	263	1	1	4400000.00	4400000.00	3	20120731	 	 	 
	264	1	1	2625000.00	2625000.00	3	20120730	 	 	 
	265	1	2	 	3000000.00	3	20120808	 	 	 
	266	1	1	 	1300000.00	3	20120727	 	 	 
	267	1	1	2525000.00	2525000.00	3	20120731	 	 	 
	268	3	1	1150000.00	1150000.00	3	20120730	 	 	 
	269	1	1	 	2700000.00	3	20120817	 	 	 
	270	3	3	535000.00	523000.00	3	20120728	 	 	 
	271	1	1	 	1150000.00	3	20120806	 	 	 
	272	3	1	540000.00	540000.00	3	20120813	 	 	 
	273	1	1	 	3900000.00	3	20120813	 	 	 
	274	1	1	1950000.00	1950000.00	3	20120814	 	 	 
	275	1	1	 	3300000.00	3	20120809	 	 	 
	276	1	1	 	2200000.00	3	20120821	 	 	 
	277	1	1	 	1000000.00	3	20120810	 	 	 
	278	2	1	2100000.00	2100000.00	3	20120518	 	 	 
	279	1	2	1030000.00	1050000.00	3	20120813	 	 	 
	280	3	1	 	772000.00	3	20120814	 	 	 
	281	1	1	 	1300000.00	3	20120501	 	 	 
	282	1	1	 	1250000.00	3	20120810	 	 	 
	283	1	1	 	1310000.00	3	20120809	 	 	 
	284	1	1	1430000.00	1450000.00	3	20120808	 	 	 
	285	14	1	 	1325000.00	3	20120820	 	 	 
	286	1	1	 	1375000.00	3	20120813	 	 	 
	287	4	2	775000.00	775000.00	3	20120810	 	 	 
	288	3	1	678000.00	678000.00	3	20120810	 	 	 
	289	4	1	1324000.00	1324000.00	3	20120814	 	 	 
	290	1	1	 	2020000.00	3	20120809	 	 	 
	291	1	1	 	2400000.00	3	20120813	 	 	 
	292	1	1	 	2300000.00	3	20120824	 	 	 
	293	7	1	 	3400000.00	3	20120813	 	 	 
	294	1	1	 	980000.00	3	20120813	 	 	 
	295	14	1	2235000.00	2235000.00	3	20120803	 	 	 
	296	4	1	1120000.00	1120000.00	3	20120803	 	 	 
	297	1	1	 	1375000.00	3	20120814	 	 	 
	298	1	1	 	2850000.00	3	20120813	 	 	 
	299	1	1	 	1675000.00	3	20120808	 	 	 
	300	1	1	 	2475000.00	3	20120914	 	 	 
	301	1	1	 	2300000.00	3	20120822	 	 	 
	302	1	1	 	1950000.00	3	20120815	 	 	 
	303	12	1	2150000.00	2170000.00	3	20120813	 	 	 
	304	1	1	1900000.00	1900000.00	3	20100813	 	 	 
	305	1	1	 	1375000.00	3	20120824	 	 	 
	306	3	1	1050000.00	1050000.00	3	20120815	 	 	 
	307	7	2	1380000.00	1400000.00	3	20120828	 	 	 
	308	1	1	 	3500000.00	3	20120902	 	 	 
	309	1	1	1515000.00	1515000.00	3	20120810	 	 	 
	310	13	1	 	1310000.00	3	20120830	 	 	 
	311	1	1	2750000.00	2750000.00	3	20120817	 	 	 
	312	7	1	1250000.00	1250000.00	3	20120814	 	 	 
	313	14	3	2860000.00	2895000.00	3	20120810	 	 	 
	314	1	1	 	1950000.00	3	20120908	 	 	 
	315	1	2	 	2400000.00	3	20120820	 	 	 
	316	1	1	 	1725000.00	3	20120821	 	 	 
	317	1	2	 	2700000.00	3	20120901	 	 	 
	318	14	1	2200000.00	2200000.00	3	20120815	 	 	 
	319	3	3	 	230000.00	3	20120904	 	 	 
	320	1	1	952200.00	1025000.00	3	20120822	 	 	 
	321	1	1	 	3100000.00	3	20120821	 	 	 
	322	13	1	2525000.00	2550000.00	3	20120905	 	 	 
	323	1	1	1440000.00	1825000.00	3	20120920	 	 	 
	324	1	1	 	3800000.00	3	20120907	 	 	 
	325	4	3	1700000.00	1700000.00	3	20120825	 	 	 
	326	1	1	 	1760000.00	3	20120830	 	 	 
	327	1	1	2425000.00	2425000.00	3	20120827	 	 	 
	328	14	3	 	1800000.00	3	20120829	 	 	 
	329	3	1	 	2250000.00	3	20120902	 	 	 
	330	1	1	2440000.00	2440000.00	3	20120906	 	 	 
	331	1	1	1350000.00	1350000.00	3	20120830	 	 	 
	332	4	2	1210000.00	1200000.00	3	20120926	 	 	 
	333	1	1	1536000.00	1536000.00	3	20120907	 	 	 
	334	1	1	1265000.00	1265000.00	3	20120906	 	 	 
	335	1	1	1145000.00	1145000.00	3	20120905	 	 	 
	336	12	1	3535000.00	3535000.00	3	20120914	 	 	 
	337	1	1	1760000.00	1760000.00	3	20120915	 	 	 
	338	3	1	981000.00	981000.00	3	20120917	 	 	 
	339	2	1	2600000.00	2600000.00	3	20120924	 	 	 
	340	1	2	2050000.00	2050000.00	3	20120925	 	 	 
	341	3	1	1020000.00	1020000.00	3	20120924	 	 	 
	342	1	1	1975000.00	1975000.00	3	20120926	 	 	 
	343	1	1	2715000.00	2715000.00	3	20120927	 	 	 
	344	15	3	 	795000.00	3	20111129	 	 	625000

 

	 	132	133	134	135	136	137	138	139
	 	Most Recent
 Property Valuation
 Type	Most Recent
 Property Valuation
 Date	Most Recent AVM
 Model Name	Most Recent AVM
 Confidence Score	Original CLTV	Original LTV	Original Pledged
 Assets	Mortgage Insurance
 Company Name
	1	10	20120730	 	 	0.754600	0.754600	0	0
	2	 	 	 	 	0.800000	0.800000	0	0
	3	 	 	 	 	0.800000	0.680200	0	0
	4	 	 	 	 	0.321100	0.294100	0	0
	5	10	20120728	 	 	0.474100	0.417000	0	0
	6	 	 	 	 	0.419800	0.419800	0	0
	7	10	20120730	 	 	0.650000	0.650000	0	0
	8	 	 	 	 	0.096600	0.036000	0	0
	9	10	20120730	 	 	0.296300	0.223800	0	0
	10	5	20120911	 	 	0.750000	0.487000	0	0
	11	10	20120730	 	 	0.750000	0.394300	0	0
	12	10	20120729	 	 	0.800000	0.800000	0	0
	13	5	20120808	 	 	0.538400	0.538400	0	0
	14	9	20120816	 	 	0.625000	0.125000	0	0
	15	10	20120730	 	 	0.482400	0.482400	0	0
	16	 	 	 	 	0.444400	0.444400	0	0
	17	10	20120728	 	 	0.484800	0.484800	0	0
	18	5	20120917	 	 	0.487200	0.487200	0	0
	19	9	20120815	 	 	0.679500	0.679500	0	0
	20	10	20120729	 	 	0.400800	0.400800	0	0
	21	10	20120731	 	 	0.507600	0.507600	0	0
	22	10	20120731	 	 	0.156200	0.156200	0	0
	23	5	20120915	 	 	0.553800	0.553800	0	0
	24	10	20120730	 	 	0.638200	0.638200	0	0
	25	10	20120730	 	 	0.742700	0.535200	0	0
	26	10	20120730	 	 	0.425800	0.267700	0	0
	27	5	20120808	 	 	0.533700	0.390800	0	0
	28	5	20120808	 	 	0.317200	0.317200	0	0
	29	10	20120727	 	 	0.775900	0.672800	0	0
	30	10	20120730	 	 	0.232200	0.232200	0	0
	31	9	20120921	 	 	0.287700	0.287700	0	0
	32	10	20120726	 	 	0.575500	0.575500	0	0
	33	 	 	 	 	0.750000	0.750000	0	0
	34	10	20120730	 	 	0.684900	0.684900	0	0
	35	9	20120815	 	 	0.655700	0.655700	0	0
	36	5	20120807	 	 	0.800000	0.672700	0	0
	37	10	20120727	 	 	0.716100	0.716100	0	0
	38	10	20120731	 	 	0.800000	0.800000	0	0
	39	9	20120919	 	 	0.111200	0.111200	0	0
	40	5	20120809	 	 	0.789800	0.789800	0	0
	41	 	 	 	 	0.628800	0.561800	0	0
	42	5	20121026	 	 	0.950000	0.800000	0	0
	43	10	20120730	 	 	0.748700	0.748700	0	0
	44	10	20120730	 	 	0.750000	0.750000	0	0
	45	10	20120730	 	 	0.750000	0.750000	0	0
	46	10	20120730	 	 	0.599000	0.599000	0	0
	47	10	20120730	 	 	0.750000	0.750000	0	0
	48	10	20120726	 	 	0.492100	0.492100	0	0
	49	 	 	 	 	0.800000	0.636600	0	0
	50	9	20120919	 	 	0.366600	0.154400	0	0
	51	10	20120730	 	 	0.800000	0.800000	0	0
	52	 	 	 	 	0.893000	0.330400	0	0
	53	 	 	 	 	0.591700	0.591700	0	0
	54	10	20120730	 	 	0.357100	0.357100	0	0
	55	 	 	 	 	0.774800	0.774800	0	0
	56	 	 	 	 	0.700000	0.700000	0	0
	57	 	 	 	 	0.593500	0.593500	0	0
	58	 	 	 	 	0.609900	0.609900	0	0
	59	 	 	 	 	0.478700	0.478700	0	0
	60	 	 	 	 	0.714200	0.714200	0	0
	61	 	 	 	 	0.800000	0.800000	0	0
	62	 	 	 	 	0.372800	0.109700	0	0
	63	 	 	 	 	0.800000	0.800000	0	0
	64	10	20120730	 	 	0.800000	0.800000	0	0
	65	 	 	 	 	0.556000	0.556000	0	0
	66	 	 	 	 	0.745400	0.745400	0	0
	67	 	 	 	 	0.706500	0.706500	0	0
	68	 	 	 	 	0.607100	0.607100	0	0
	69	 	 	 	 	0.380000	0.380000	0	0
	70	 	 	 	 	0.750000	0.750000	0	0
	71	 	 	 	 	0.800000	0.800000	0	0
	72	 	 	 	 	0.394400	0.394400	0	0
	73	 	 	 	 	0.553900	0.553900	0	0
	74	 	 	 	 	0.517200	0.517200	0	0
	75	 	 	 	 	0.450000	0.250000	0	0
	76	 	 	 	 	0.800000	0.800000	0	0
	77	 	 	 	 	0.747500	0.586200	0	0
	78	 	 	 	 	0.750000	0.750000	0	0
	79	 	 	 	 	0.769200	0.769200	0	0
	80	 	 	 	 	0.697100	0.575400	0	0
	81	 	 	 	 	0.555500	0.555500	0	0
	82	 	 	 	 	0.562000	0.356900	0	0
	83	 	 	 	 	0.750000	0.750000	0	0
	84	 	 	 	 	0.763200	0.763200	0	0
	85	 	 	 	 	0.367600	0.294100	0	0
	86	 	 	 	 	0.500000	0.333300	0	0
	87	 	 	 	 	0.625000	0.446400	0	0
	88	 	 	 	 	0.750000	0.521700	0	0
	89	 	 	 	 	0.196400	0.196400	0	0
	90	 	 	 	 	0.800000	0.800000	0	0
	91	 	 	 	 	0.688400	0.688400	0	0
	92	 	 	 	 	0.603400	0.301700	0	0
	93	 	 	 	 	0.218900	0.218900	0	0
	94	 	 	 	 	0.319200	0.319200	0	0
	95	 	 	 	 	0.663800	0.663800	0	0
	96	 	 	 	 	0.647500	0.447500	0	0
	97	 	 	 	 	0.681800	0.636300	0	0
	98	 	 	 	 	0.700000	0.700000	0	0
	99	 	 	 	 	0.723200	0.723200	0	0
	100	 	 	 	 	0.703500	0.703500	0	0
	101	 	 	 	 	0.529400	0.529400	0	0
	102	 	 	 	 	0.800000	0.800000	0	0
	103	 	 	 	 	0.796300	0.796300	0	0
	104	 	 	 	 	0.620100	0.620100	0	0
	105	 	 	 	 	0.245200	0.245200	0	0
	106	 	 	 	 	0.646500	0.646500	0	0
	107	 	 	 	 	0.651000	0.651000	0	0
	108	 	 	 	 	0.421000	0.421000	0	0
	109	 	 	 	 	0.592200	0.592200	0	0
	110	 	 	 	 	0.431800	0.431800	0	0
	111	 	 	 	 	0.700000	0.700000	0	0
	112	 	 	 	 	0.750000	0.750000	0	0
	113	 	 	 	 	0.410200	0.230700	0	0
	114	 	 	 	 	0.384600	0.384600	0	0
	115	 	 	 	 	0.800000	0.800000	0	0
	116	 	 	 	 	0.529800	0.529800	0	0
	117	 	 	 	 	0.764400	0.764400	0	0
	118	 	 	 	 	0.093700	0.093700	0	0
	119	 	 	 	 	0.563800	0.563800	0	0
	120	 	 	 	 	0.800000	0.800000	0	0
	121	 	 	 	 	0.714200	0.582000	0	0
	122	 	 	 	 	0.800000	0.800000	0	0
	123	 	 	 	 	0.450000	0.450000	0	0
	124	 	 	 	 	0.663600	0.546200	0	0
	125	 	 	 	 	0.561200	0.287000	0	0
	126	 	 	 	 	0.750000	0.750000	0	0
	127	 	 	 	 	0.333300	0.333300	0	0
	128	 	 	 	 	0.733300	0.733300	0	0
	129	 	 	 	 	0.800000	0.800000	0	0
	130	 	 	 	 	0.679600	0.582500	0	0
	131	 	 	 	 	0.529400	0.529400	0	0
	132	 	 	 	 	0.480500	0.480500	0	0
	133	 	 	 	 	0.544300	0.544300	0	0
	134	 	 	 	 	0.635600	0.526500	0	0
	135	 	 	 	 	0.800000	0.800000	0	0
	136	 	 	 	 	0.750000	0.708300	0	0
	137	 	 	 	 	0.623300	0.623300	0	0
	138	 	 	 	 	0.578900	0.578900	0	0
	139	 	 	 	 	0.750000	0.750000	0	0
	140	 	 	 	 	0.644700	0.644700	0	0
	141	 	 	 	 	0.608400	0.467600	0	0
	142	 	 	 	 	0.700000	0.700000	0	0
	143	 	 	 	 	0.793500	0.793500	0	0
	144	 	 	 	 	0.631500	0.631500	0	0
	145	 	 	 	 	0.629100	0.629100	0	0
	146	 	 	 	 	0.750000	0.750000	0	0
	147	 	 	 	 	0.800000	0.800000	0	0
	148	 	 	 	 	0.457500	0.407500	0	0
	149	 	 	 	 	0.450000	0.450000	0	0
	150	 	 	 	 	0.619700	0.281600	0	0
	151	 	 	 	 	0.799900	0.799900	0	0
	152	 	 	 	 	0.750000	0.750000	0	0
	153	 	 	 	 	0.600000	0.600000	0	0
	154	 	 	 	 	0.192300	0.192300	0	0
	155	 	 	 	 	0.567400	0.567400	0	0
	156	 	 	 	 	0.658300	0.658300	0	0
	157	 	 	 	 	0.700000	0.700000	0	0
	158	 	 	 	 	0.600000	0.600000	0	0
	159	 	 	 	 	0.800000	0.708600	0	0
	160	 	 	 	 	0.600000	0.600000	0	0
	161	 	 	 	 	0.800000	0.555800	0	0
	162	 	 	 	 	0.588200	0.588200	0	0
	163	 	 	 	 	0.714200	0.628500	0	0
	164	 	 	 	 	0.750000	0.750000	0	0
	165	 	 	 	 	0.606300	0.606300	0	0
	166	 	 	 	 	0.707700	0.545400	0	0
	167	 	 	 	 	0.705800	0.588200	0	0
	168	 	 	 	 	0.750000	0.750000	0	0
	169	 	 	 	 	0.752000	0.752000	0	0
	170	 	 	 	 	0.800000	0.331100	0	0
	171	 	 	 	 	0.222600	0.222600	0	0
	172	 	 	 	 	0.576900	0.576900	0	0
	173	 	 	 	 	0.800000	0.800000	0	0
	174	 	 	 	 	0.729400	0.729400	0	0
	175	 	 	 	 	0.800000	0.800000	0	0
	176	 	 	 	 	0.696200	0.696200	0	0
	177	 	 	 	 	0.518900	0.491800	0	0
	178	 	 	 	 	0.755500	0.755500	0	0
	179	 	 	 	 	0.761900	0.571400	0	0
	180	 	 	 	 	0.717700	0.717700	0	0
	181	 	 	 	 	0.460300	0.287900	0	0
	182	 	 	 	 	0.218800	0.218800	0	0
	183	 	 	 	 	0.650000	0.492900	0	0
	184	 	 	 	 	0.640000	0.640000	0	0
	185	 	 	 	 	0.413700	0.275800	0	0
	186	 	 	 	 	0.575000	0.575000	0	0
	187	 	 	 	 	0.320000	0.320000	0	0
	188	 	 	 	 	0.797500	0.625000	0	0
	189	 	 	 	 	0.770800	0.770800	0	0
	190	 	 	 	 	0.538500	0.424200	0	0
	191	 	 	 	 	0.800000	0.800000	0	0
	192	 	 	 	 	0.800000	0.800000	0	0
	193	 	 	 	 	0.485700	0.485700	0	0
	194	 	 	 	 	0.800000	0.800000	0	0
	195	 	 	 	 	0.750000	0.600000	0	0
	196	 	 	 	 	0.508400	0.508400	0	0
	197	 	 	 	 	0.250600	0.250600	0	0
	198	 	 	 	 	0.470500	0.470500	0	0
	199	 	 	 	 	0.750000	0.750000	0	0
	200	 	 	 	 	0.605200	0.410500	0	0
	201	 	 	 	 	0.800000	0.800000	0	0
	202	 	 	 	 	0.800000	0.800000	0	0
	203	 	 	 	 	0.676000	0.676000	0	0
	204	 	 	 	 	0.732200	0.732200	0	0
	205	 	 	 	 	0.334600	0.181600	0	0
	206	 	 	 	 	0.800000	0.800000	0	0
	207	 	 	 	 	0.700000	0.700000	0	0
	208	 	 	 	 	0.363600	0.363600	0	0
	209	 	 	 	 	0.633300	0.633300	0	0
	210	 	 	 	 	0.700000	0.700000	0	0
	211	 	 	 	 	0.800000	0.800000	0	0
	212	 	 	 	 	0.735800	0.735800	0	0
	213	 	 	 	 	0.528300	0.528300	0	0
	214	 	 	 	 	0.750000	0.750000	0	0
	215	 	 	 	 	0.594500	0.594500	0	0
	216	 	 	 	 	0.672200	0.672200	0	0
	217	 	 	 	 	0.678500	0.607100	0	0
	218	 	 	 	 	0.647000	0.588200	0	0
	219	 	 	 	 	0.659200	0.659200	0	0
	220	 	 	 	 	0.800000	0.800000	0	0
	221	 	 	 	 	0.800000	0.800000	0	0
	222	 	 	 	 	0.750000	0.750000	0	0
	223	 	 	 	 	0.800000	0.800000	0	0
	224	 	 	 	 	0.800000	0.800000	0	0
	225	 	 	 	 	0.598900	0.598900	0	0
	226	 	 	 	 	0.520000	0.520000	0	0
	227	 	 	 	 	0.750000	0.666600	0	0
	228	 	 	 	 	0.800000	0.800000	0	0
	229	 	 	 	 	0.759200	0.671500	0	0
	230	 	 	 	 	0.587500	0.587500	0	0
	231	 	 	 	 	0.643000	0.612300	0	0
	232	 	 	 	 	0.761200	0.761200	0	0
	233	 	 	 	 	0.800000	0.800000	0	0
	234	 	 	 	 	0.701900	0.637400	0	0
	235	 	 	 	 	0.592500	0.592500	0	0
	236	 	 	 	 	0.733300	0.666600	0	0
	237	 	 	 	 	0.800000	0.800000	0	0
	238	 	 	 	 	0.800000	0.800000	0	0
	239	 	 	 	 	0.259500	0.259500	0	0
	240	 	 	 	 	0.725000	0.308300	0	0
	241	 	 	 	 	0.672800	0.672800	0	0
	242	 	 	 	 	0.574400	0.426100	0	0
	243	 	 	 	 	0.576300	0.489900	0	0
	244	 	 	 	 	0.736300	0.736300	0	0
	245	 	 	 	 	0.562500	0.562500	0	0
	246	 	 	 	 	0.650000	0.650000	0	0
	247	 	 	 	 	0.833300	0.833300	0	0
	248	 	 	 	 	0.681300	0.681300	0	0
	249	 	 	 	 	0.509400	0.358400	0	0
	250	 	 	 	 	0.523800	0.523800	0	0
	251	 	 	 	 	0.800000	0.800000	0	0
	252	 	 	 	 	0.739500	0.739500	0	0
	253	 	 	 	 	0.705800	0.705800	0	0
	254	 	 	 	 	0.321400	0.321400	0	0
	255	 	 	 	 	0.695600	0.478200	0	0
	256	 	 	 	 	0.800000	0.800000	0	0
	257	 	 	 	 	0.510700	0.510700	0	0
	258	 	 	 	 	0.606000	0.606000	0	0
	259	 	 	 	 	0.698500	0.698500	0	0
	260	 	 	 	 	0.685600	0.685600	0	0
	261	 	 	 	 	0.275800	0.246400	0	0
	262	 	 	 	 	0.715900	0.715900	0	0
	263	 	 	 	 	0.454500	0.454500	0	0
	264	 	 	 	 	0.700000	0.700000	0	0
	265	 	 	 	 	0.333300	0.333300	0	0
	266	 	 	 	 	0.746100	0.746100	0	0
	267	 	 	 	 	0.792000	0.792000	0	0
	268	 	 	 	 	0.800000	0.800000	0	0
	269	 	 	 	 	0.514800	0.329600	0	0
	270	 	 	 	 	0.797300	0.797300	0	0
	271	 	 	 	 	0.665200	0.665200	0	0
	272	 	 	 	 	0.800000	0.800000	0	0
	273	 	 	 	 	0.641000	0.512800	0	0
	274	 	 	 	 	0.615300	0.564100	0	0
	275	 	 	 	 	0.530300	0.303000	0	0
	276	 	 	 	 	0.500000	0.500000	0	0
	277	 	 	 	 	0.525000	0.525000	0	0
	278	 	 	 	 	0.750000	0.619000	0	0
	279	 	 	 	 	0.679600	0.679600	0	0
	280	 	 	 	 	0.750000	0.750000	0	0
	281	 	 	 	 	0.707600	0.707600	0	0
	282	 	 	 	 	0.650000	0.650000	0	0
	283	 	 	 	 	0.567100	0.567100	0	0
	284	 	 	 	 	0.800000	0.800000	0	0
	285	 	 	 	 	0.502600	0.502600	0	0
	286	 	 	 	 	0.677000	0.677000	0	0
	287	 	 	 	 	0.750000	0.750000	0	0
	288	 	 	 	 	0.790500	0.790500	0	0
	289	 	 	 	 	0.750000	0.750000	0	0
	290	 	 	 	 	0.440500	0.440500	0	0
	291	 	 	 	 	0.750000	0.750000	0	0
	292	 	 	 	 	0.313000	0.313000	0	0
	293	 	 	 	 	0.588200	0.588200	0	0
	294	 	 	 	 	0.738700	0.738700	0	0
	295	 	 	 	 	0.800000	0.800000	0	0
	296	 	 	 	 	0.669600	0.669600	0	0
	297	 	 	 	 	0.727200	0.727200	0	0
	298	 	 	 	 	0.329800	0.277100	0	0
	299	 	 	 	 	0.700000	0.597000	0	0
	300	 	 	 	 	0.505000	0.404000	0	0
	301	 	 	 	 	0.602100	0.602100	0	0
	302	 	 	 	 	0.558900	0.558900	0	0
	303	 	 	 	 	0.697600	0.697600	0	0
	304	 	 	 	 	0.789400	0.789400	0	0
	305	 	 	 	 	0.718500	0.514100	0	0
	306	 	 	 	 	0.800000	0.800000	0	0
	307	 	 	 	 	0.710100	0.554300	0	0
	308	 	 	 	 	0.358200	0.358200	0	0
	309	 	 	 	 	0.800000	0.800000	0	0
	310	 	 	 	 	0.484700	0.484700	0	0
	311	 	 	 	 	0.727200	0.727200	0	0
	312	 	 	 	 	0.800000	0.800000	0	0
	313	 	 	 	 	0.524400	0.524400	0	0
	314	 	 	 	 	0.435800	0.435800	0	0
	315	 	 	 	 	0.312500	0.312500	0	0
	316	 	 	 	 	0.434700	0.434700	0	0
	317	 	 	 	 	0.185100	0.185100	0	0
	318	 	 	 	 	0.750000	0.750000	0	0
	319	 	 	 	 	0.476000	0.476000	0	0
	320	 	 	 	 	0.756100	0.756100	0	0
	321	 	 	 	 	0.445100	0.445100	0	0
	322	 	 	 	 	0.297000	0.297000	0	0
	323	 	 	 	 	0.800000	0.800000	0	0
	324	 	 	 	 	0.582800	0.521000	0	0
	325	 	 	 	 	0.647000	0.647000	0	0
	326	 	 	 	 	0.680600	0.680600	0	0
	327	 	 	 	 	0.701000	0.494800	0	0
	328	 	 	 	 	0.590000	0.590000	0	0
	329	 	 	 	 	0.664000	0.352800	0	0
	330	 	 	 	 	0.764900	0.564100	0	0
	331	 	 	 	 	0.800000	0.800000	0	0
	332	 	 	 	 	0.750000	0.750000	0	0
	333	 	 	 	 	0.651000	0.651000	0	0
	334	 	 	 	 	0.800000	0.800000	0	0
	335	 	 	 	 	0.694300	0.694300	0	0
	336	 	 	 	 	0.594000	0.424300	0	0
	337	 	 	 	 	0.431800	0.431800	0	0
	338	 	 	 	 	0.800000	0.800000	0	0
	339	 	 	 	 	0.650000	0.650000	0	0
	340	 	 	 	 	0.384600	0.384600	0	0
	341	 	 	 	 	0.607800	0.607800	0	0
	342	 	 	 	 	0.746800	0.746800	0	0
	343	 	 	 	 	0.736600	0.736600	0	0
	344	5	20120821	 	 	0.597400	0.597400	0	0

 

	 	140	141	142	143	144	145	146	147	148
	 	Mortgage Insurance
 Percent	MI: Lender or
 Borrower Paid?	Pool Insurance Co.
 Name	Pool Insurance Stop
 Loss %	MI Certificate
 Number	Updated DTI
 (Front-end)	Updated DTI
 (Back-end)	Modification
 Effective Payment
 Date	Total Capitalized
 Amount
	1	0	 	 	 	 	 	 	 	 
	2	0	 	 	 	 	 	 	 	 
	3	0	 	 	 	 	 	 	 	 
	4	0	 	 	 	 	 	 	 	 
	5	0	 	 	 	 	 	 	 	 
	6	0	 	 	 	 	 	 	 	 
	7	0	 	 	 	 	 	 	 	 
	8	0	 	 	 	 	 	 	 	 
	9	0	 	 	 	 	 	 	 	 
	10	0	 	 	 	 	 	 	 	 
	11	0	 	 	 	 	 	 	 	 
	12	0	 	 	 	 	 	 	 	 
	13	0	 	 	 	 	 	 	 	 
	14	0	 	 	 	 	 	 	 	 
	15	0	 	 	 	 	 	 	1/6/2012	 
	16	0	 	 	 	 	 	 	1/9/2012	 
	17	0	 	 	 	 	 	 	 	 
	18	0	 	 	 	 	 	 	 	 
	19	0	 	 	 	 	 	 	 	 
	20	0	 	 	 	 	 	 	3/7/2012	 
	21	0	 	 	 	 	 	 	 	 
	22	0	 	 	 	 	 	 	 	 
	23	0	 	 	 	 	 	 	 	 
	24	0	 	 	 	 	 	 	 	 
	25	0	 	 	 	 	 	 	 	 
	26	0	 	 	 	 	 	 	 	 
	27	0	 	 	 	 	 	 	 	 
	28	0	 	 	 	 	 	 	 	 
	29	0	 	 	 	 	 	 	 	 
	30	0	 	 	 	 	 	 	 	 
	31	0	 	 	 	 	 	 	 	 
	32	0	 	 	 	 	 	 	6/21/2012	 
	33	0	 	 	 	 	 	 	 	 
	34	0	 	 	 	 	 	 	 	 
	35	0	 	 	 	 	 	 	 	 
	36	0	 	 	 	 	 	 	4/30/2012	 
	37	0	 	 	 	 	 	 	 	 
	38	0	 	 	 	 	 	 	 	 
	39	0	 	 	 	 	 	 	 	 
	40	0	 	 	 	 	 	 	 	 
	41	0	 	 	 	 	 	 	 	 
	42	0	 	 	 	 	 	 	 	 
	43	0	 	 	 	 	 	 	 	 
	44	0	 	 	 	 	 	 	 	 
	45	0	 	 	 	 	 	 	 	 
	46	0	 	 	 	 	 	 	 	 
	47	0	 	 	 	 	 	 	 	 
	48	0	 	 	 	 	 	 	 	 
	49	0	 	 	 	 	 	 	 	 
	50	0	 	 	 	 	 	 	 	 
	51	0	 	 	 	 	 	 	 	 
	52	0	 	 	 	 	 	 	 	 
	53	0	 	 	 	 	 	 	 	 
	54	0	 	 	 	 	 	 	 	 
	55	0	 	 	 	 	 	 	 	 
	56	0	 	 	 	 	 	 	 	 
	57	0	 	 	 	 	 	 	 	 
	58	0	 	 	 	 	 	 	 	 
	59	0	 	 	 	 	 	 	 	 
	60	0	 	 	 	 	 	 	 	 
	61	0	 	 	 	 	 	 	 	 
	62	0	 	 	 	 	 	 	 	 
	63	0	 	 	 	 	 	 	 	 
	64	0	 	 	 	 	 	 	 	 
	65	0	 	 	 	 	 	 	 	 
	66	0	 	 	 	 	 	 	 	 
	67	0	 	 	 	 	 	 	 	 
	68	0	 	 	 	 	 	 	 	 
	69	0	 	 	 	 	 	 	 	 
	70	0	 	 	 	 	 	 	 	 
	71	0	 	 	 	 	 	 	 	 
	72	0	 	 	 	 	 	 	 	 
	73	0	 	 	 	 	 	 	 	 
	74	0	 	 	 	 	 	 	 	 
	75	0	 	 	 	 	 	 	 	 
	76	0	 	 	 	 	 	 	 	 
	77	0	 	 	 	 	 	 	 	 
	78	0	 	 	 	 	 	 	 	 
	79	0	 	 	 	 	 	 	 	 
	80	0	 	 	 	 	 	 	 	 
	81	0	 	 	 	 	 	 	 	 
	82	0	 	 	 	 	 	 	 	 
	83	0	 	 	 	 	 	 	 	 
	84	0	 	 	 	 	 	 	 	 
	85	0	 	 	 	 	 	 	 	 
	86	0	 	 	 	 	 	 	 	 
	87	0	 	 	 	 	 	 	 	 
	88	0	 	 	 	 	 	 	 	 
	89	0	 	 	 	 	 	 	 	 
	90	0	 	 	 	 	 	 	 	 
	91	0	 	 	 	 	 	 	 	 
	92	0	 	 	 	 	 	 	 	 
	93	0	 	 	 	 	 	 	 	 
	94	0	 	 	 	 	 	 	 	 
	95	0	 	 	 	 	 	 	 	 
	96	0	 	 	 	 	 	 	 	 
	97	0	 	 	 	 	 	 	 	 
	98	0	 	 	 	 	 	 	 	 
	99	0	 	 	 	 	 	 	 	 
	100	0	 	 	 	 	 	 	 	 
	101	0	 	 	 	 	 	 	 	 
	102	0	 	 	 	 	 	 	 	 
	103	0	 	 	 	 	 	 	 	 
	104	0	 	 	 	 	 	 	 	 
	105	0	 	 	 	 	 	 	 	 
	106	0	 	 	 	 	 	 	 	 
	107	0	 	 	 	 	 	 	 	 
	108	0	 	 	 	 	 	 	 	 
	109	0	 	 	 	 	 	 	 	 
	110	0	 	 	 	 	 	 	 	 
	111	0	 	 	 	 	 	 	 	 
	112	0	 	 	 	 	 	 	 	 
	113	0	 	 	 	 	 	 	 	 
	114	0	 	 	 	 	 	 	 	 
	115	0	 	 	 	 	 	 	 	 
	116	0	 	 	 	 	 	 	 	 
	117	0	 	 	 	 	 	 	 	 
	118	0	 	 	 	 	 	 	 	 
	119	0	 	 	 	 	 	 	 	 
	120	0	 	 	 	 	 	 	 	 
	121	0	 	 	 	 	 	 	 	 
	122	0	 	 	 	 	 	 	 	 
	123	0	 	 	 	 	 	 	 	 
	124	0	 	 	 	 	 	 	 	 
	125	0	 	 	 	 	 	 	 	 
	126	0	 	 	 	 	 	 	 	 
	127	0	 	 	 	 	 	 	 	 
	128	0	 	 	 	 	 	 	 	 
	129	0	 	 	 	 	 	 	 	 
	130	0	 	 	 	 	 	 	 	 
	131	0	 	 	 	 	 	 	 	 
	132	0	 	 	 	 	 	 	 	 
	133	0	 	 	 	 	 	 	 	 
	134	0	 	 	 	 	 	 	 	 
	135	0	 	 	 	 	 	 	 	 
	136	0	 	 	 	 	 	 	 	 
	137	0	 	 	 	 	 	 	 	 
	138	0	 	 	 	 	 	 	 	 
	139	0	 	 	 	 	 	 	 	 
	140	0	 	 	 	 	 	 	 	 
	141	0	 	 	 	 	 	 	 	 
	142	0	 	 	 	 	 	 	 	 
	143	0	 	 	 	 	 	 	 	 
	144	0	 	 	 	 	 	 	 	 
	145	0	 	 	 	 	 	 	 	 
	146	0	 	 	 	 	 	 	 	 
	147	0	 	 	 	 	 	 	 	 
	148	0	 	 	 	 	 	 	 	 
	149	0	 	 	 	 	 	 	 	 
	150	0	 	 	 	 	 	 	 	 
	151	0	 	 	 	 	 	 	 	 
	152	0	 	 	 	 	 	 	 	 
	153	0	 	 	 	 	 	 	 	 
	154	0	 	 	 	 	 	 	 	 
	155	0	 	 	 	 	 	 	 	 
	156	0	 	 	 	 	 	 	 	 
	157	0	 	 	 	 	 	 	 	 
	158	0	 	 	 	 	 	 	 	 
	159	0	 	 	 	 	 	 	 	 
	160	0	 	 	 	 	 	 	 	 
	161	0	 	 	 	 	 	 	 	 
	162	0	 	 	 	 	 	 	 	 
	163	0	 	 	 	 	 	 	 	 
	164	0	 	 	 	 	 	 	 	 
	165	0	 	 	 	 	 	 	 	 
	166	0	 	 	 	 	 	 	 	 
	167	0	 	 	 	 	 	 	 	 
	168	0	 	 	 	 	 	 	 	 
	169	0	 	 	 	 	 	 	 	 
	170	0	 	 	 	 	 	 	 	 
	171	0	 	 	 	 	 	 	 	 
	172	0	 	 	 	 	 	 	 	 
	173	0	 	 	 	 	 	 	 	 
	174	0	 	 	 	 	 	 	 	 
	175	0	 	 	 	 	 	 	 	 
	176	0	 	 	 	 	 	 	 	 
	177	0	 	 	 	 	 	 	 	 
	178	0	 	 	 	 	 	 	 	 
	179	0	 	 	 	 	 	 	 	 
	180	0	 	 	 	 	 	 	 	 
	181	0	 	 	 	 	 	 	 	 
	182	0	 	 	 	 	 	 	 	 
	183	0	 	 	 	 	 	 	 	 
	184	0	 	 	 	 	 	 	 	 
	185	0	 	 	 	 	 	 	 	 
	186	0	 	 	 	 	 	 	 	 
	187	0	 	 	 	 	 	 	 	 
	188	0	 	 	 	 	 	 	 	 
	189	0	 	 	 	 	 	 	 	 
	190	0	 	 	 	 	 	 	 	 
	191	0	 	 	 	 	 	 	 	 
	192	0	 	 	 	 	 	 	 	 
	193	0	 	 	 	 	 	 	 	 
	194	0	 	 	 	 	 	 	 	 
	195	0	 	 	 	 	 	 	 	 
	196	0	 	 	 	 	 	 	 	 
	197	0	 	 	 	 	 	 	 	 
	198	0	 	 	 	 	 	 	 	 
	199	0	 	 	 	 	 	 	 	 
	200	0	 	 	 	 	 	 	 	 
	201	0	 	 	 	 	 	 	 	 
	202	0	 	 	 	 	 	 	 	 
	203	0	 	 	 	 	 	 	 	 
	204	0	 	 	 	 	 	 	 	 
	205	0	 	 	 	 	 	 	 	 
	206	0	 	 	 	 	 	 	 	 
	207	0	 	 	 	 	 	 	 	 
	208	0	 	 	 	 	 	 	 	 
	209	0	 	 	 	 	 	 	 	 
	210	0	 	 	 	 	 	 	 	 
	211	0	 	 	 	 	 	 	 	 
	212	0	 	 	 	 	 	 	 	 
	213	0	 	 	 	 	 	 	 	 
	214	0	 	 	 	 	 	 	 	 
	215	0	 	 	 	 	 	 	 	 
	216	0	 	 	 	 	 	 	 	 
	217	0	 	 	 	 	 	 	 	 
	218	0	 	 	 	 	 	 	 	 
	219	0	 	 	 	 	 	 	 	 
	220	0	 	 	 	 	 	 	 	 
	221	0	 	 	 	 	 	 	 	 
	222	0	 	 	 	 	 	 	 	 
	223	0	 	 	 	 	 	 	 	 
	224	0	 	 	 	 	 	 	 	 
	225	0	 	 	 	 	 	 	 	 
	226	0	 	 	 	 	 	 	 	 
	227	0	 	 	 	 	 	 	 	 
	228	0	 	 	 	 	 	 	 	 
	229	0	 	 	 	 	 	 	 	 
	230	0	 	 	 	 	 	 	 	 
	231	0	 	 	 	 	 	 	 	 
	232	0	 	 	 	 	 	 	 	 
	233	0	 	 	 	 	 	 	 	 
	234	0	 	 	 	 	 	 	 	 
	235	0	 	 	 	 	 	 	 	 
	236	0	 	 	 	 	 	 	 	 
	237	0	 	 	 	 	 	 	 	 
	238	0	 	 	 	 	 	 	 	 
	239	0	 	 	 	 	 	 	 	 
	240	0	 	 	 	 	 	 	 	 
	241	0	 	 	 	 	 	 	 	 
	242	0	 	 	 	 	 	 	 	 
	243	0	 	 	 	 	 	 	 	 
	244	0	 	 	 	 	 	 	 	 
	245	0	 	 	 	 	 	 	 	 
	246	0	 	 	 	 	 	 	 	 
	247	0	 	 	 	 	 	 	 	 
	248	0	 	 	 	 	 	 	 	 
	249	0	 	 	 	 	 	 	 	 
	250	0	 	 	 	 	 	 	 	 
	251	0	 	 	 	 	 	 	 	 
	252	0	 	 	 	 	 	 	 	 
	253	0	 	 	 	 	 	 	 	 
	254	0	 	 	 	 	 	 	 	 
	255	0	 	 	 	 	 	 	 	 
	256	0	 	 	 	 	 	 	 	 
	257	0	 	 	 	 	 	 	 	 
	258	0	 	 	 	 	 	 	 	 
	259	0	 	 	 	 	 	 	 	 
	260	0	 	 	 	 	 	 	 	 
	261	0	 	 	 	 	 	 	 	 
	262	0	 	 	 	 	 	 	 	 
	263	0	 	 	 	 	 	 	 	 
	264	0	 	 	 	 	 	 	 	 
	265	0	 	 	 	 	 	 	 	 
	266	0	 	 	 	 	 	 	 	 
	267	0	 	 	 	 	 	 	 	 
	268	0	 	 	 	 	 	 	 	 
	269	0	 	 	 	 	 	 	 	 
	270	0	 	 	 	 	 	 	 	 
	271	0	 	 	 	 	 	 	 	 
	272	0	 	 	 	 	 	 	 	 
	273	0	 	 	 	 	 	 	 	 
	274	0	 	 	 	 	 	 	 	 
	275	0	 	 	 	 	 	 	 	 
	276	0	 	 	 	 	 	 	 	 
	277	0	 	 	 	 	 	 	 	 
	278	0	 	 	 	 	 	 	 	 
	279	0	 	 	 	 	 	 	 	 
	280	0	 	 	 	 	 	 	 	 
	281	0	 	 	 	 	 	 	 	 
	282	0	 	 	 	 	 	 	 	 
	283	0	 	 	 	 	 	 	 	 
	284	0	 	 	 	 	 	 	 	 
	285	0	 	 	 	 	 	 	 	 
	286	0	 	 	 	 	 	 	 	 
	287	0	 	 	 	 	 	 	 	 
	288	0	 	 	 	 	 	 	 	 
	289	0	 	 	 	 	 	 	 	 
	290	0	 	 	 	 	 	 	 	 
	291	0	 	 	 	 	 	 	 	 
	292	0	 	 	 	 	 	 	 	 
	293	0	 	 	 	 	 	 	 	 
	294	0	 	 	 	 	 	 	 	 
	295	0	 	 	 	 	 	 	 	 
	296	0	 	 	 	 	 	 	 	 
	297	0	 	 	 	 	 	 	 	 
	298	0	 	 	 	 	 	 	 	 
	299	0	 	 	 	 	 	 	 	 
	300	0	 	 	 	 	 	 	 	 
	301	0	 	 	 	 	 	 	 	 
	302	0	 	 	 	 	 	 	 	 
	303	0	 	 	 	 	 	 	 	 
	304	0	 	 	 	 	 	 	 	 
	305	0	 	 	 	 	 	 	 	 
	306	0	 	 	 	 	 	 	 	 
	307	0	 	 	 	 	 	 	 	 
	308	0	 	 	 	 	 	 	 	 
	309	0	 	 	 	 	 	 	 	 
	310	0	 	 	 	 	 	 	 	 
	311	0	 	 	 	 	 	 	 	 
	312	0	 	 	 	 	 	 	 	 
	313	0	 	 	 	 	 	 	 	 
	314	0	 	 	 	 	 	 	 	 
	315	0	 	 	 	 	 	 	 	 
	316	0	 	 	 	 	 	 	 	 
	317	0	 	 	 	 	 	 	 	 
	318	0	 	 	 	 	 	 	 	 
	319	0	 	 	 	 	 	 	 	 
	320	0	 	 	 	 	 	 	 	 
	321	0	 	 	 	 	 	 	 	 
	322	0	 	 	 	 	 	 	 	 
	323	0	 	 	 	 	 	 	 	 
	324	0	 	 	 	 	 	 	 	 
	325	0	 	 	 	 	 	 	 	 
	326	0	 	 	 	 	 	 	 	 
	327	0	 	 	 	 	 	 	 	 
	328	0	 	 	 	 	 	 	 	 
	329	0	 	 	 	 	 	 	 	 
	330	0	 	 	 	 	 	 	 	 
	331	0	 	 	 	 	 	 	 	 
	332	0	 	 	 	 	 	 	 	 
	333	0	 	 	 	 	 	 	 	 
	334	0	 	 	 	 	 	 	 	 
	335	0	 	 	 	 	 	 	 	 
	336	0	 	 	 	 	 	 	 	 
	337	0	 	 	 	 	 	 	 	 
	338	0	 	 	 	 	 	 	 	 
	339	0	 	 	 	 	 	 	 	 
	340	0	 	 	 	 	 	 	 	 
	341	0	 	 	 	 	 	 	 	 
	342	0	 	 	 	 	 	 	 	 
	343	0	 	 	 	 	 	 	 	 
	344	0	 	 	 	 	 	 	 	 

 

	 	149	150	151	152	153	154	155	156
	 	Total Deferred
 Amount	Pre-Modification
 Interest (Note) Rate	Pre-Modification P&I
 Payment	Pre-Modification
 Initial Interest Rate
 Change Downward
 Cap	Pre-Modification
 Subsequent Interest
 Rate Cap	Pre-Modification
 Next Interest Rate
 Change Date	Pre-Modification I/O
 Term	Forgiven Principal
 Amount
	1	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 
	15	 	0.05	4583.33	 	 	 	 	 
	16	 	0.05	10736.44	 	 	 	 	 
	17	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 
	20	 	0.05	5368.22	 	 	 	 	 
	21	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 
	32	 	0.04125	3708.19	 	 	 	 	 
	33	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 
	36	 	0.044	5508.28	 	 	 	 	 
	37	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 
	39	 	 	 	 	 	 	 	 
	40	 	 	 	 	 	 	 	 
	41	 	 	 	 	 	 	 	 
	42	 	 	 	 	 	 	 	 
	43	 	 	 	 	 	 	 	 
	44	 	 	 	 	 	 	 	 
	45	 	 	 	 	 	 	 	 
	46	 	 	 	 	 	 	 	 
	47	 	 	 	 	 	 	 	 
	48	 	 	 	 	 	 	 	 
	49	 	 	 	 	 	 	 	 
	50	 	 	 	 	 	 	 	 
	51	 	 	 	 	 	 	 	 
	52	 	 	 	 	 	 	 	 
	53	 	 	 	 	 	 	 	 
	54	 	 	 	 	 	 	 	 
	55	 	 	 	 	 	 	 	 
	56	 	 	 	 	 	 	 	 
	57	 	 	 	 	 	 	 	 
	58	 	 	 	 	 	 	 	 
	59	 	 	 	 	 	 	 	 
	60	 	 	 	 	 	 	 	 
	61	 	 	 	 	 	 	 	 
	62	 	 	 	 	 	 	 	 
	63	 	 	 	 	 	 	 	 
	64	 	 	 	 	 	 	 	 
	65	 	 	 	 	 	 	 	 
	66	 	 	 	 	 	 	 	 
	67	 	 	 	 	 	 	 	 
	68	 	 	 	 	 	 	 	 
	69	 	 	 	 	 	 	 	 
	70	 	 	 	 	 	 	 	 
	71	 	 	 	 	 	 	 	 
	72	 	 	 	 	 	 	 	 
	73	 	 	 	 	 	 	 	 
	74	 	 	 	 	 	 	 	 
	75	 	 	 	 	 	 	 	 
	76	 	 	 	 	 	 	 	 
	77	 	 	 	 	 	 	 	 
	78	 	 	 	 	 	 	 	 
	79	 	 	 	 	 	 	 	 
	80	 	 	 	 	 	 	 	 
	81	 	 	 	 	 	 	 	 
	82	 	 	 	 	 	 	 	 
	83	 	 	 	 	 	 	 	 
	84	 	 	 	 	 	 	 	 
	85	 	 	 	 	 	 	 	 
	86	 	 	 	 	 	 	 	 
	87	 	 	 	 	 	 	 	 
	88	 	 	 	 	 	 	 	 
	89	 	 	 	 	 	 	 	 
	90	 	 	 	 	 	 	 	 
	91	 	 	 	 	 	 	 	 
	92	 	 	 	 	 	 	 	 
	93	 	 	 	 	 	 	 	 
	94	 	 	 	 	 	 	 	 
	95	 	 	 	 	 	 	 	 
	96	 	 	 	 	 	 	 	 
	97	 	 	 	 	 	 	 	 
	98	 	 	 	 	 	 	 	 
	99	 	 	 	 	 	 	 	 
	100	 	 	 	 	 	 	 	 
	101	 	 	 	 	 	 	 	 
	102	 	 	 	 	 	 	 	 
	103	 	 	 	 	 	 	 	 
	104	 	 	 	 	 	 	 	 
	105	 	 	 	 	 	 	 	 
	106	 	 	 	 	 	 	 	 
	107	 	 	 	 	 	 	 	 
	108	 	 	 	 	 	 	 	 
	109	 	 	 	 	 	 	 	 
	110	 	 	 	 	 	 	 	 
	111	 	 	 	 	 	 	 	 
	112	 	 	 	 	 	 	 	 
	113	 	 	 	 	 	 	 	 
	114	 	 	 	 	 	 	 	 
	115	 	 	 	 	 	 	 	 
	116	 	 	 	 	 	 	 	 
	117	 	 	 	 	 	 	 	 
	118	 	 	 	 	 	 	 	 
	119	 	 	 	 	 	 	 	 
	120	 	 	 	 	 	 	 	 
	121	 	 	 	 	 	 	 	 
	122	 	 	 	 	 	 	 	 
	123	 	 	 	 	 	 	 	 
	124	 	 	 	 	 	 	 	 
	125	 	 	 	 	 	 	 	 
	126	 	 	 	 	 	 	 	 
	127	 	 	 	 	 	 	 	 
	128	 	 	 	 	 	 	 	 
	129	 	 	 	 	 	 	 	 
	130	 	 	 	 	 	 	 	 
	131	 	 	 	 	 	 	 	 
	132	 	 	 	 	 	 	 	 
	133	 	 	 	 	 	 	 	 
	134	 	 	 	 	 	 	 	 
	135	 	 	 	 	 	 	 	 
	136	 	 	 	 	 	 	 	 
	137	 	 	 	 	 	 	 	 
	138	 	 	 	 	 	 	 	 
	139	 	 	 	 	 	 	 	 
	140	 	 	 	 	 	 	 	 
	141	 	 	 	 	 	 	 	 
	142	 	 	 	 	 	 	 	 
	143	 	 	 	 	 	 	 	 
	144	 	 	 	 	 	 	 	 
	145	 	 	 	 	 	 	 	 
	146	 	 	 	 	 	 	 	 
	147	 	 	 	 	 	 	 	 
	148	 	 	 	 	 	 	 	 
	149	 	 	 	 	 	 	 	 
	150	 	 	 	 	 	 	 	 
	151	 	 	 	 	 	 	 	 
	152	 	 	 	 	 	 	 	 
	153	 	 	 	 	 	 	 	 
	154	 	 	 	 	 	 	 	 
	155	 	 	 	 	 	 	 	 
	156	 	 	 	 	 	 	 	 
	157	 	 	 	 	 	 	 	 
	158	 	 	 	 	 	 	 	 
	159	 	 	 	 	 	 	 	 
	160	 	 	 	 	 	 	 	 
	161	 	 	 	 	 	 	 	 
	162	 	 	 	 	 	 	 	 
	163	 	 	 	 	 	 	 	 
	164	 	 	 	 	 	 	 	 
	165	 	 	 	 	 	 	 	 
	166	 	 	 	 	 	 	 	 
	167	 	 	 	 	 	 	 	 
	168	 	 	 	 	 	 	 	 
	169	 	 	 	 	 	 	 	 
	170	 	 	 	 	 	 	 	 
	171	 	 	 	 	 	 	 	 
	172	 	 	 	 	 	 	 	 
	173	 	 	 	 	 	 	 	 
	174	 	 	 	 	 	 	 	 
	175	 	 	 	 	 	 	 	 
	176	 	 	 	 	 	 	 	 
	177	 	 	 	 	 	 	 	 
	178	 	 	 	 	 	 	 	 
	179	 	 	 	 	 	 	 	 
	180	 	 	 	 	 	 	 	 
	181	 	 	 	 	 	 	 	 
	182	 	 	 	 	 	 	 	 
	183	 	 	 	 	 	 	 	 
	184	 	 	 	 	 	 	 	 
	185	 	 	 	 	 	 	 	 
	186	 	 	 	 	 	 	 	 
	187	 	 	 	 	 	 	 	 
	188	 	 	 	 	 	 	 	 
	189	 	 	 	 	 	 	 	 
	190	 	 	 	 	 	 	 	 
	191	 	 	 	 	 	 	 	 
	192	 	 	 	 	 	 	 	 
	193	 	 	 	 	 	 	 	 
	194	 	 	 	 	 	 	 	 
	195	 	 	 	 	 	 	 	 
	196	 	 	 	 	 	 	 	 
	197	 	 	 	 	 	 	 	 
	198	 	 	 	 	 	 	 	 
	199	 	 	 	 	 	 	 	 
	200	 	 	 	 	 	 	 	 
	201	 	 	 	 	 	 	 	 
	202	 	 	 	 	 	 	 	 
	203	 	 	 	 	 	 	 	 
	204	 	 	 	 	 	 	 	 
	205	 	 	 	 	 	 	 	 
	206	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 
	208	 	 	 	 	 	 	 	 
	209	 	 	 	 	 	 	 	 
	210	 	 	 	 	 	 	 	 
	211	 	 	 	 	 	 	 	 
	212	 	 	 	 	 	 	 	 
	213	 	 	 	 	 	 	 	 
	214	 	 	 	 	 	 	 	 
	215	 	 	 	 	 	 	 	 
	216	 	 	 	 	 	 	 	 
	217	 	 	 	 	 	 	 	 
	218	 	 	 	 	 	 	 	 
	219	 	 	 	 	 	 	 	 
	220	 	 	 	 	 	 	 	 
	221	 	 	 	 	 	 	 	 
	222	 	 	 	 	 	 	 	 
	223	 	 	 	 	 	 	 	 
	224	 	 	 	 	 	 	 	 
	225	 	 	 	 	 	 	 	 
	226	 	 	 	 	 	 	 	 
	227	 	 	 	 	 	 	 	 
	228	 	 	 	 	 	 	 	 
	229	 	 	 	 	 	 	 	 
	230	 	 	 	 	 	 	 	 
	231	 	 	 	 	 	 	 	 
	232	 	 	 	 	 	 	 	 
	233	 	 	 	 	 	 	 	 
	234	 	 	 	 	 	 	 	 
	235	 	 	 	 	 	 	 	 
	236	 	 	 	 	 	 	 	 
	237	 	 	 	 	 	 	 	 
	238	 	 	 	 	 	 	 	 
	239	 	 	 	 	 	 	 	 
	240	 	 	 	 	 	 	 	 
	241	 	 	 	 	 	 	 	 
	242	 	 	 	 	 	 	 	 
	243	 	 	 	 	 	 	 	 
	244	 	 	 	 	 	 	 	 
	245	 	 	 	 	 	 	 	 
	246	 	 	 	 	 	 	 	 
	247	 	 	 	 	 	 	 	 
	248	 	 	 	 	 	 	 	 
	249	 	 	 	 	 	 	 	 
	250	 	 	 	 	 	 	 	 
	251	 	 	 	 	 	 	 	 
	252	 	 	 	 	 	 	 	 
	253	 	 	 	 	 	 	 	 
	254	 	 	 	 	 	 	 	 
	255	 	 	 	 	 	 	 	 
	256	 	 	 	 	 	 	 	 
	257	 	 	 	 	 	 	 	 
	258	 	 	 	 	 	 	 	 
	259	 	 	 	 	 	 	 	 
	260	 	 	 	 	 	 	 	 
	261	 	 	 	 	 	 	 	 
	262	 	 	 	 	 	 	 	 
	263	 	 	 	 	 	 	 	 
	264	 	 	 	 	 	 	 	 
	265	 	 	 	 	 	 	 	 
	266	 	 	 	 	 	 	 	 
	267	 	 	 	 	 	 	 	 
	268	 	 	 	 	 	 	 	 
	269	 	 	 	 	 	 	 	 
	270	 	 	 	 	 	 	 	 
	271	 	 	 	 	 	 	 	 
	272	 	 	 	 	 	 	 	 
	273	 	 	 	 	 	 	 	 
	274	 	 	 	 	 	 	 	 
	275	 	 	 	 	 	 	 	 
	276	 	 	 	 	 	 	 	 
	277	 	 	 	 	 	 	 	 
	278	 	 	 	 	 	 	 	 
	279	 	 	 	 	 	 	 	 
	280	 	 	 	 	 	 	 	 
	281	 	 	 	 	 	 	 	 
	282	 	 	 	 	 	 	 	 
	283	 	 	 	 	 	 	 	 
	284	 	 	 	 	 	 	 	 
	285	 	 	 	 	 	 	 	 
	286	 	 	 	 	 	 	 	 
	287	 	 	 	 	 	 	 	 
	288	 	 	 	 	 	 	 	 
	289	 	 	 	 	 	 	 	 
	290	 	 	 	 	 	 	 	 
	291	 	 	 	 	 	 	 	 
	292	 	 	 	 	 	 	 	 
	293	 	 	 	 	 	 	 	 
	294	 	 	 	 	 	 	 	 
	295	 	 	 	 	 	 	 	 
	296	 	 	 	 	 	 	 	 
	297	 	 	 	 	 	 	 	 
	298	 	 	 	 	 	 	 	 
	299	 	 	 	 	 	 	 	 
	300	 	 	 	 	 	 	 	 
	301	 	 	 	 	 	 	 	 
	302	 	 	 	 	 	 	 	 
	303	 	 	 	 	 	 	 	 
	304	 	 	 	 	 	 	 	 
	305	 	 	 	 	 	 	 	 
	306	 	 	 	 	 	 	 	 
	307	 	 	 	 	 	 	 	 
	308	 	 	 	 	 	 	 	 
	309	 	 	 	 	 	 	 	 
	310	 	 	 	 	 	 	 	 
	311	 	 	 	 	 	 	 	 
	312	 	 	 	 	 	 	 	 
	313	 	 	 	 	 	 	 	 
	314	 	 	 	 	 	 	 	 
	315	 	 	 	 	 	 	 	 
	316	 	 	 	 	 	 	 	 
	317	 	 	 	 	 	 	 	 
	318	 	 	 	 	 	 	 	 
	319	 	 	 	 	 	 	 	 
	320	 	 	 	 	 	 	 	 
	321	 	 	 	 	 	 	 	 
	322	 	 	 	 	 	 	 	 
	323	 	 	 	 	 	 	 	 
	324	 	 	 	 	 	 	 	 
	325	 	 	 	 	 	 	 	 
	326	 	 	 	 	 	 	 	 
	327	 	 	 	 	 	 	 	 
	328	 	 	 	 	 	 	 	 
	329	 	 	 	 	 	 	 	 
	330	 	 	 	 	 	 	 	 
	331	 	 	 	 	 	 	 	 
	332	 	 	 	 	 	 	 	 
	333	 	 	 	 	 	 	 	 
	334	 	 	 	 	 	 	 	 
	335	 	 	 	 	 	 	 	 
	336	 	 	 	 	 	 	 	 
	337	 	 	 	 	 	 	 	 
	338	 	 	 	 	 	 	 	 
	339	 	 	 	 	 	 	 	 
	340	 	 	 	 	 	 	 	 
	341	 	 	 	 	 	 	 	 
	342	 	 	 	 	 	 	 	 
	343	 	 	 	 	 	 	 	 
	344	 	 	 	 	 	 	 	 

 

	 	157	158	159	160	161	162	163
	 	Forgiven Interest
 Amount	Number of
 Modifications	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry	CoBrrw - Yrs at in Industry	Junior Mortgage Drawn Amount	Maturity Date
	1	 	 	 	2	 	 	20401101
	2	 	 	 	6	5	 	20420801
	3	 	 	 	23	0	176000	20421001
	4	 	 	 	27	9	230000	20401201
	5	 	 	 	20	0	100000	20401201
	6	 	 	 	25	 	 	20401201
	7	 	 	 	10	20	 	20401201
	8	 	 	 	57	0	0	20410101
	9	 	 	 	0	 	16967	20410301
	10	 	 	 	10	 	228750	20410401
	11	 	 	 	22	 	658000	20410301
	12	 	 	 	45	 	 	20410301
	13	 	 	 	8	 	 	20410401
	14	 	 	 	10	0	242661.22	20410601
	15	 	 	 	6	0	 	20410601
	16	 	 	 	15	6	 	20410701
	17	 	 	 	7	 	 	20420101
	18	 	 	 	10	0	 	20410801
	19	 	 	 	32	5	 	20410701
	20	 	 	 	28	0	 	20410801
	21	 	 	 	0	 	 	20410801
	22	 	 	 	50	0	 	20410801
	23	 	 	 	62	1	 	20411001
	24	 	 	 	12	35	 	20411201
	25	 	 	 	15	16	250000	20411101
	26	 	 	 	19	 	200000	20411101
	27	 	 	 	20	 	250000	20420101
	28	 	 	 	20	0	 	20411101
	29	 	 	 	14	7	110250	20420101
	30	 	 	 	10	 	 	20411101
	31	 	 	 	5	20	 	20420101
	32	 	 	 	6	 	 	20411101
	33	 	 	 	17	 	 	20420401
	34	 	 	 	24	10	 	20411201
	35	 	 	 	10	15	 	20420201
	36	 	 	 	13	18	208000	20420101
	37	 	 	 	8	 	 	20420201
	38	 	 	 	8	 	 	20411101
	39	 	 	 	12	1	 	20411201
	40	 	 	 	20	0	 	20420101
	41	 	 	 	23	18	65000	20420201
	42	 	 	 	35	30	106650	20411201
	43	 	 	 	12	2	 	20411201
	44	 	 	 	8	 	 	20411201
	45	 	 	 	17	7	 	20420101
	46	 	 	 	25	 	 	20411201
	47	 	 	 	25	 	 	20411201
	48	 	 	 	10	 	 	20420101
	49	 	 	 	21	10	187000	20411201
	50	 	 	 	0	0	71805.83	20420101
	51	 	 	 	14	5	 	20420101
	52	 	 	 	20	0	710000	20420401
	53	 	 	 	5	 	 	20420101
	54	 	 	 	20	0	 	20420201
	55	 	 	 	25	0	 	20420401
	56	 	 	 	20	0	 	20420601
	57	 	 	 	30	 	 	20420401
	58	 	 	 	30	 	 	20420401
	59	 	 	 	30	 	 	20420401
	60	 	 	 	20	1	 	20420301
	61	 	 	 	20	1	 	20420501
	62	 	 	 	5	 	80960.17	20420301
	63	 	 	 	10	 	 	20420501
	64	 	 	 	7	7	 	20420201
	65	 	 	 	8	 	 	20420301
	66	 	 	 	16	12	 	20420401
	67	 	 	 	20	 	 	20420701
	68	 	 	 	12	 	 	20420301
	69	 	 	 	12	 	 	20420601
	70	 	 	 	28	0	 	20420401
	71	 	 	 	8	0	 	20420501
	72	 	 	 	0	 	 	20420401
	73	 	 	 	10	 	 	20420301
	74	 	 	 	22	0	 	20420501
	75	 	 	 	40	20	229039.06	20420501
	76	 	 	 	2	 	 	20420601
	77	 	 	 	14	 	200000	20420501
	78	 	 	 	50	33	 	20421001
	79	 	 	 	25	 	 	20420501
	80	 	 	 	12	 	0	20420501
	81	 	 	 	20	 	 	20420401
	82	 	 	 	28	22	0	20420501
	83	 	 	 	20	1	 	20420401
	84	 	 	 	16	15	 	20420501
	85	 	 	 	10	0	0	20420701
	86	 	 	 	20	 	500000	20420901
	87	 	 	 	13	15	0	20420601
	88	 	 	 	27	26	787500	20420601
	89	 	 	 	30	 	 	20420501
	90	 	 	 	25	4	 	20421001
	91	 	 	 	14	0	 	20420501
	92	 	 	 	30	0	62930	20420601
	93	 	 	 	40	 	 	20420601
	94	 	 	 	8	 	 	20420501
	95	 	 	 	10	10	 	20420601
	96	 	 	 	30	35	251491	20420801
	97	 	 	 	5	10	100000	20420601
	98	 	 	 	17	7	 	20420501
	99	 	 	 	30	25	 	20420501
	100	 	 	 	15	6	 	20420601
	101	 	 	 	35	 	 	20420701
	102	 	 	 	12	10	 	20420501
	103	 	 	 	14	 	 	20420501
	104	 	 	 	21	2	 	20420701
	105	 	 	 	10	0	 	20420601
	106	 	 	 	16	 	 	20420601
	107	 	 	 	20	20	 	20420601
	108	 	 	 	20	6	 	20420901
	109	 	 	 	5	0	 	20421001
	110	 	 	 	40	35	 	20420801
	111	 	 	 	46	35	 	20420801
	112	 	 	 	21	13	 	20420901
	113	 	 	 	0	0	139492.37	20420801
	114	 	 	 	0	 	 	20420601
	115	 	 	 	5	 	 	20420601
	116	 	 	 	15	 	 	20420601
	117	 	 	 	10	6	 	20420701
	118	 	 	 	7	16	 	20420701
	119	 	 	 	20	2	 	20420701
	120	 	 	 	13	0	 	20420701
	121	 	 	 	18	14	200000	20420801
	122	 	 	 	5	8	 	20420701
	123	 	 	 	41	0	 	20420701
	124	 	 	 	15	30	155000	20420701
	125	 	 	 	17	0	0	20420701
	126	 	 	 	17	20	 	20420801
	127	 	 	 	2	3	 	20420701
	128	 	 	 	7	0	 	20421001
	129	 	 	 	25	 	 	20420601
	130	 	 	 	11	0	200000	20420701
	131	 	 	 	5	8	 	20420801
	132	 	 	 	15	15	 	20420601
	133	 	 	 	40	0	 	20420801
	134	 	 	 	22	25	0	20420801
	135	 	 	 	5	 	 	20420701
	136	 	 	 	13	15	100000	20420701
	137	 	 	 	47	38	 	20420801
	138	 	 	 	38	 	 	20420701
	139	 	 	 	5	0	 	20420701
	140	 	 	 	20	25	 	20420701
	141	 	 	 	35	0	250000	20420801
	142	 	 	 	16	16	 	20421101
	143	 	 	 	11	0	 	20420601
	144	 	 	 	10	12	 	20420701
	145	 	 	 	21	 	 	20420701
	146	 	 	 	10	6	 	20420801
	147	 	 	 	1	30	 	20420701
	148	 	 	 	15	0	100000	20420801
	149	 	 	 	10	0	 	20420701
	150	 	 	 	20	20	1200000	20420701
	151	 	 	 	9	0	 	20421001
	152	 	 	 	18	0	 	20420701
	153	 	 	 	40	40	 	20420701
	154	 	 	 	20	10	 	20420801
	155	 	 	 	7	 	 	20420701
	156	 	 	 	15	12	 	20420801
	157	 	 	 	12	 	 	20420701
	158	 	 	 	12	3	 	20420801
	159	 	 	 	14	 	105000	20420801
	160	 	 	 	24	 	 	20420801
	161	 	 	 	23	23	439175	20420701
	162	 	 	 	12	7	 	20420701
	163	 	 	 	21	0	100000	20420801
	164	 	 	 	20	7	 	20420701
	165	 	 	 	0	0	 	20420801
	166	 	 	 	12	2	250	20420701
	167	 	 	 	10	20	200000	20420701
	168	 	 	 	16	16	 	20420901
	169	 	 	 	17	17	 	20420801
	170	 	 	 	0	3	708000	20420701
	171	 	 	 	0	0	 	20420701
	172	 	 	 	15	9	 	20420701
	173	 	 	 	15	0	 	20420801
	174	 	 	 	17	1	 	20420801
	175	 	 	 	8	0	 	20420701
	176	 	 	 	20	20	 	20420801
	177	 	 	 	30	0	50000	20420901
	178	 	 	 	21	 	 	20420901
	179	 	 	 	19	 	200000	20420801
	180	 	 	 	4	 	 	20420901
	181	 	 	 	10	10	500000	20420801
	182	 	 	 	0	0	 	20420801
	183	 	 	 	15	0	1115000	20420801
	184	 	 	 	0	 	 	20420801
	185	 	 	 	24	25	1000000	20420801
	186	 	 	 	16	5	 	20420801
	187	 	 	 	20	0	 	20420801
	188	 	 	 	23	0	414000	20420801
	189	 	 	 	12	8	 	20420801
	190	 	 	 	15	 	400000	20420901
	191	 	 	 	4	 	 	20421101
	192	 	 	 	6	 	 	20420801
	193	 	 	 	30	0	 	20420801
	194	 	 	 	31	31	 	20420801
	195	 	 	 	6	11	300000	20421001
	196	 	 	 	20	 	 	20420801
	197	 	 	 	20	 	 	20420801
	198	 	 	 	0	 	 	20420801
	199	 	 	 	3	3	 	20420901
	200	 	 	 	16	0	740000	20420901
	201	 	 	 	15	0	 	20420801
	202	 	 	 	8	 	 	20420801
	203	 	 	 	10	10	 	20420901
	204	 	 	 	8	11	 	20421001
	205	 	 	 	21	3	500000	20420901
	206	 	 	 	22	 	 	20420801
	207	 	 	 	15	15	 	20420801
	208	 	 	 	0	25	 	20420901
	209	 	 	 	1	35	 	20420901
	210	 	 	 	10	0	 	20420901
	211	 	 	 	7	11	 	20420901
	212	 	 	 	20	1	 	20420801
	213	 	 	 	0	2	 	20420801
	214	 	 	 	5	 	 	20421001
	215	 	 	 	19	20	 	20420901
	216	 	 	 	0	 	 	20420901
	217	 	 	 	24	16	100000	20420901
	218	 	 	 	20	4	0	20421001
	219	 	 	 	30	8	 	20420901
	220	 	 	 	18	2	 	20420901
	221	 	 	 	9	0	 	20420901
	222	 	 	 	6	6	 	20420801
	223	 	 	 	10	12	 	20420801
	224	 	 	 	17	15	 	20420801
	225	 	 	 	20	15	 	20420901
	226	 	 	 	38	32	 	20420901
	227	 	 	 	4	3	4051	20421001
	228	 	 	 	13	 	 	20420801
	229	 	 	 	13	0	142000	20420901
	230	 	 	 	6	0	 	20420901
	231	 	 	 	4	4	10035.95	20420901
	232	 	 	 	0	 	 	20421001
	233	 	 	 	24	0	 	20420901
	234	 	 	 	17	0	100000	20420901
	235	 	 	 	27	 	 	20421101
	236	 	 	 	15	8	57834	20421001
	237	 	 	 	35	10	 	20420901
	238	 	 	 	22	15	 	20420901
	239	 	 	 	20	0	 	20421001
	240	 	 	 	42	26	514096	20421001
	241	 	 	 	20	0	 	20420901
	242	 	 	 	0	0	115598	20421001
	243	 	 	 	17	15	150000	20420801
	244	 	 	 	10	2	 	20421001
	245	 	 	 	30	0	 	20421001
	246	 	 	 	22	 	 	20420901
	247	 	 	 	26	0	 	20421001
	248	 	 	 	17	15	 	20421001
	249	 	 	 	17	12	0	20420901
	250	 	 	 	9	10	 	20420901
	251	 	 	 	16	19	 	20420901
	252	 	 	 	3	16	 	20421001
	253	 	 	 	3	0	 	20420901
	254	 	 	 	0	0	 	20421001
	255	 	 	 	31	2	500000	20421101
	256	 	 	 	8	8	 	20420901
	257	 	 	 	45	 	 	20421001
	258	 	 	 	4	10	 	20420901
	259	 	 	 	20	4	 	20420901
	260	 	 	 	8	6	 	20420901
	261	 	 	 	10	8	150000	20421001
	262	 	 	 	16	6	 	20421101
	263	 	 	 	12	0	 	20421001
	264	 	 	 	14	 	 	20420901
	265	 	 	 	30	 	 	20421001
	266	 	 	 	20	0	 	20421001
	267	 	 	 	15	15	 	20420901
	268	 	 	 	11	 	 	20420901
	269	 	 	 	17	 	192046	20421101
	270	 	 	 	40	0	 	20420901
	271	 	 	 	6	0	 	20421001
	272	 	 	 	7	 	 	20421001
	273	 	 	 	25	0	500000	20421001
	274	 	 	 	15	20	100000	20421001
	275	 	 	 	18	0	750000	20421001
	276	 	 	 	27	22	 	20421001
	277	 	 	 	24	 	 	20421001
	278	 	 	 	30	 	275000	20421001
	279	 	 	 	12	0	 	20421001
	280	 	 	 	7	 	 	20421101
	281	 	 	 	9	2	 	20420901
	282	 	 	 	12	27	 	20421001
	283	 	 	 	20	27	 	20421001
	284	 	 	 	7	7	 	20420901
	285	 	 	 	6	 	 	20421001
	286	 	 	 	8	7	 	20421101
	287	 	 	 	33	 	 	20421001
	288	 	 	 	2	33	 	20420901
	289	 	 	 	12	0	 	20421001
	290	 	 	 	17	0	 	20421001
	291	 	 	 	14	18	 	20421001
	292	 	 	 	1	 	 	20421001
	293	 	 	 	20	0	 	20421001
	294	 	 	 	5	7	 	20421001
	295	 	 	 	5	 	 	20420901
	296	 	 	 	40	8	 	20420901
	297	 	 	 	9	9	 	20421001
	298	 	 	 	15	0	150000	20421001
	299	 	 	 	21	21	172500	20421001
	300	 	 	 	16	8	250000	20421101
	301	 	 	 	5	 	 	20421001
	302	 	 	 	12	10	 	20421001
	303	 	 	 	14	 	 	20420901
	304	 	 	 	17	7	 	20421001
	305	 	 	 	30	0	281000	20421001
	306	 	 	 	5	 	 	20421001
	307	 	 	 	25	23	215000	20421101
	308	 	 	 	20	8	 	20421101
	309	 	 	 	0	15	 	20420901
	310	 	 	 	25	0	 	20421101
	311	 	 	 	28	 	 	20420901
	312	 	 	 	10	10	 	20420901
	313	 	 	 	9	1	 	20421001
	314	 	 	 	30	 	 	20421101
	315	 	 	 	9	1	 	20421001
	316	 	 	 	9	1	 	20421001
	317	 	 	 	34	0	 	20421001
	318	 	 	 	20	10	 	20421001
	319	 	 	 	0	 	 	20421001
	320	 	 	 	21	0	 	20421001
	321	 	 	 	15	 	 	20421001
	322	 	 	 	2	16	 	20421001
	323	 	 	 	12	0	 	20421101
	324	 	 	 	16	24	235000	20421101
	325	 	 	 	30	0	 	20421001
	326	 	 	 	13	14	 	20421001
	327	 	 	 	10	6	500000	20421001
	328	 	 	 	20	10	 	20421001
	329	 	 	 	26	19	700000	20421101
	330	 	 	 	12	9	490000	20421001
	331	 	 	 	15	 	 	20421001
	332	 	 	 	16	0	 	20421101
	333	 	 	 	17	0	 	20421001
	334	 	 	 	11	5	 	20421001
	335	 	 	 	24	11	 	20421001
	336	 	 	 	15	0	600000	20421101
	337	 	 	 	17	20	 	20421001
	338	 	 	 	7	0	 	20421101
	339	 	 	 	20	 	 	20421101
	340	 	 	 	0	0	 	20421101
	341	 	 	 	12	11	 	20421101
	342	 	 	 	13	15	 	20421101
	343	 	 	 	20	7	 	20421101
	344	 	 	 	37	 	 	20420101

 

	 	164	165	166	167	168	169	170	171	172
	 	Primary Borrower Wage Income (Salary)	Primary Borrower Wage Income (Bonus)	Primary Borrower Wage Income (Commission)	Co-Borrower Wage Income (Salary)	Co-Borrower Wage Income (Bonus)	Co-Borrower Wage Income (Commission)	Originator Doc Code	RWT Income Verification	RWT Asset Verification
	1	 	 	 	 	 	 	Full	Two Years	One Month
	2	 	 	 	 	 	 	Full	Two Years	One Month
	3	 	 	 	 	 	 	Full	Two Years	One Month
	4	 	 	 	 	 	 	Full	Two Years	One Month
	5	 	 	 	 	 	 	Full	Two Years	One Month
	6	 	 	 	 	 	 	Full	Two Years	Two Months
	7	 	 	 	 	 	 	Full	Two Years	One Month
	8	 	 	 	 	 	 	Full	Two Years	One Month
	9	 	 	 	 	 	 	Full	Two Years	One Month
	10	 	 	 	 	 	 	Full	Two Years	One Month
	11	 	 	 	 	 	 	Full	Two Years	One Month
	12	 	 	 	 	 	 	Full	One Year	One Month
	13	 	 	 	 	 	 	Full	Two Years	One Month
	14	 	 	 	 	 	 	Full	Two Years	One Month
	15	 	 	 	 	 	 	Full	Two Years	One Month
	16	 	 	 	 	 	 	Full	Two Years	One Month
	17	 	 	 	 	 	 	Full	Two Years	One Month
	18	 	 	 	 	 	 	Full	Two Years	One Month
	19	 	 	 	 	 	 	Full	Two Years	One Month
	20	 	 	 	 	 	 	Full	Two Years	One Month
	21	 	 	 	 	 	 	Full	Two Years	One Month
	22	 	 	 	 	 	 	Full	Two Years	One Month
	23	 	 	 	 	 	 	Full	Two Years	Two Months
	24	 	 	 	 	 	 	Full	Two Years	One Month
	25	 	 	 	 	 	 	Full	Two Years	One Month
	26	 	 	 	 	 	 	Full	Two Years	One Month
	27	 	 	 	 	 	 	Full	Two Years	One Month
	28	 	 	 	 	 	 	Full	Two Years	One Month
	29	 	 	 	 	 	 	Full	Two Years	Two Months
	30	 	 	 	 	 	 	Full	Two Years	One Month
	31	 	 	 	 	 	 	Full	Two Years	Two Months
	32	 	 	 	 	 	 	Full	Two Years	One Month
	33	 	 	 	 	 	 	Full	Two Years	Two Months
	34	 	 	 	 	 	 	Full	Two Years	One Month
	35	 	 	 	 	 	 	Full	Two Years	One Month
	36	 	 	 	 	 	 	Full	Two Years	Two Months
	37	 	 	 	 	 	 	Full	Two Years	One Month
	38	 	 	 	 	 	 	Full	Two Years	Two Months
	39	 	 	 	 	 	 	Full	Two Years	One Month
	40	 	 	 	 	 	 	Full	Two Years	Two Months
	41	 	 	 	 	 	 	Full	Two Years	One Month
	42	 	 	 	 	 	 	Full	Two Years	One Month
	43	 	 	 	 	 	 	Full	Two Years	Two Months
	44	 	 	 	 	 	 	Full	Two Years	One Month
	45	 	 	 	 	 	 	Full	Two Years	One Month
	46	 	 	 	 	 	 	Full	Two Years	One Month
	47	 	 	 	 	 	 	Full	Two Years	One Month
	48	 	 	 	 	 	 	Full	Two Years	One Month
	49	 	 	 	 	 	 	Full	Two Years	Two Months
	50	 	 	 	 	 	 	Full	Two Years	Two Months
	51	 	 	 	 	 	 	Full	Two Years	One Month
	52	 	 	 	 	 	 	Full	Two Years	One Month
	53	 	 	 	 	 	 	Full	Two Years	One Month
	54	 	 	 	 	 	 	Full	Two Years	Two Months
	55	 	 	 	 	 	 	Full	Two Years	One Month
	56	 	 	 	 	 	 	Full	Two Years	One Month
	57	 	 	 	 	 	 	Full	Two Years	One Month
	58	 	 	 	 	 	 	Full	Two Years	One Month
	59	 	 	 	 	 	 	Full	Two Years	One Month
	60	 	 	 	 	 	 	Full	Two Years	Two Months
	61	 	 	 	 	 	 	Full	Two Years	One Month
	62	 	 	 	 	 	 	Full	Two Years	One Month
	63	 	 	 	 	 	 	Full	Two Years	One Month
	64	 	 	 	 	 	 	Full	Two Years	One Month
	65	 	 	 	 	 	 	Full	Two Years	One Month
	66	 	 	 	 	 	 	Full	Two Years	One Month
	67	 	 	 	 	 	 	Full	Two Years	One Month
	68	 	 	 	 	 	 	Full	Two Years	One Month
	69	 	 	 	 	 	 	Full	Two Years	Two Months
	70	 	 	 	 	 	 	Full	Two Years	One Month
	71	 	 	 	 	 	 	Full	Two Years	One Month
	72	 	 	 	 	 	 	Full	Two Years	One Month
	73	 	 	 	 	 	 	Full	Two Years	One Month
	74	 	 	 	 	 	 	Full	Two Years	One Month
	75	 	 	 	 	 	 	Full	Two Years	One Month
	76	 	 	 	 	 	 	Full	Two Years	One Month
	77	 	 	 	 	 	 	Full	Two Years	Two Months
	78	 	 	 	 	 	 	Full	Two Years	One Month
	79	 	 	 	 	 	 	Full	Two Years	Two Months
	80	 	 	 	 	 	 	Full	Two Years	One Month
	81	 	 	 	 	 	 	Full	Two Years	One Month
	82	 	 	 	 	 	 	Full	Two Years	One Month
	83	 	 	 	 	 	 	Full	Two Years	One Month
	84	 	 	 	 	 	 	Full	Two Years	Two Months
	85	 	 	 	 	 	 	Full	Two Years	One Month
	86	 	 	 	 	 	 	Full	Two Years	Two Months
	87	 	 	 	 	 	 	Full	Two Years	One Month
	88	 	 	 	 	 	 	Full	Two Years	Two Months
	89	 	 	 	 	 	 	Full	Two Years	One Month
	90	 	 	 	 	 	 	Full	Two Years	One Month
	91	 	 	 	 	 	 	Full	Two Years	One Month
	92	 	 	 	 	 	 	Full	Two Years	One Month
	93	 	 	 	 	 	 	Full	Two Years	Two Months
	94	 	 	 	 	 	 	Full	Two Years	One Month
	95	 	 	 	 	 	 	Full	Two Years	One Month
	96	 	 	 	 	 	 	Full	Two Years	One Month
	97	 	 	 	 	 	 	Full	Two Years	One Month
	98	 	 	 	 	 	 	Full	Two Years	One Month
	99	 	 	 	 	 	 	Full	Two Years	One Month
	100	 	 	 	 	 	 	Full	Two Years	One Month
	101	 	 	 	 	 	 	Full	Two Years	One Month
	102	 	 	 	 	 	 	Full	Two Years	One Month
	103	 	 	 	 	 	 	Full	Two Years	One Month
	104	 	 	 	 	 	 	Full	Two Years	One Month
	105	 	 	 	 	 	 	Full	Two Years	One Month
	106	 	 	 	 	 	 	Full	Two Years	One Month
	107	 	 	 	 	 	 	Full	Two Years	One Month
	108	 	 	 	 	 	 	Full	Two Years	One Month
	109	 	 	 	 	 	 	Full	Two Years	Two Months
	110	 	 	 	 	 	 	Full	Two Years	One Month
	111	 	 	 	 	 	 	Full	Two Years	One Month
	112	 	 	 	 	 	 	Full	Two Years	Two Months
	113	 	 	 	 	 	 	Full	Two Years	One Month
	114	 	 	 	 	 	 	Full	Two Years	One Month
	115	 	 	 	 	 	 	Full	Two Years	One Month
	116	 	 	 	 	 	 	Full	Two Years	One Month
	117	 	 	 	 	 	 	Full	Two Years	One Month
	118	 	 	 	 	 	 	Full	Two Years	One Month
	119	 	 	 	 	 	 	Full	Two Years	One Month
	120	 	 	 	 	 	 	Full	Two Years	One Month
	121	 	 	 	 	 	 	Full	Two Years	One Month
	122	 	 	 	 	 	 	Full	Two Years	One Month
	123	 	 	 	 	 	 	Full	Two Years	One Month
	124	 	 	 	 	 	 	Full	Two Years	Two Months
	125	 	 	 	 	 	 	Full	Two Years	One Month
	126	 	 	 	 	 	 	Full	Two Years	One Month
	127	 	 	 	 	 	 	Full	Two Years	One Month
	128	 	 	 	 	 	 	Full	Two Years	Two Months
	129	 	 	 	 	 	 	Full	Two Years	One Month
	130	 	 	 	 	 	 	Full	Two Years	One Month
	131	 	 	 	 	 	 	Full	Two Years	Two Months
	132	 	 	 	 	 	 	Full	Two Years	One Month
	133	 	 	 	 	 	 	Full	Two Years	One Month
	134	 	 	 	 	 	 	Full	Two Years	One Month
	135	 	 	 	 	 	 	Full	Two Years	One Month
	136	 	 	 	 	 	 	Full	Two Years	One Month
	137	 	 	 	 	 	 	Full	Two Years	One Month
	138	 	 	 	 	 	 	Full	Two Years	One Month
	139	 	 	 	 	 	 	Full	Two Years	One Month
	140	 	 	 	 	 	 	Full	Two Years	One Month
	141	 	 	 	 	 	 	Full	Two Years	One Month
	142	 	 	 	 	 	 	Full	Two Years	Two Months
	143	 	 	 	 	 	 	Full	Two Years	One Month
	144	 	 	 	 	 	 	Full	Two Years	One Month
	145	 	 	 	 	 	 	Full	Two Years	Two Months
	146	 	 	 	 	 	 	Full	Two Years	One Month
	147	 	 	 	 	 	 	Full	Two Years	One Month
	148	 	 	 	 	 	 	Full	Two Years	One Month
	149	 	 	 	 	 	 	Full	Two Years	One Month
	150	 	 	 	 	 	 	Full	Two Years	One Month
	151	 	 	 	 	 	 	Full	Two Years	One Month
	152	 	 	 	 	 	 	Full	Two Years	Two Months
	153	 	 	 	 	 	 	Full	Two Years	One Month
	154	 	 	 	 	 	 	Full	Two Years	One Month
	155	 	 	 	 	 	 	Full	Two Years	One Month
	156	 	 	 	 	 	 	Full	Two Years	One Month
	157	 	 	 	 	 	 	Full	Two Years	One Month
	158	 	 	 	 	 	 	Full	Two Years	One Month
	159	 	 	 	 	 	 	Full	Two Years	One Month
	160	 	 	 	 	 	 	Full	Two Years	Two Months
	161	 	 	 	 	 	 	Full	Two Years	One Month
	162	 	 	 	 	 	 	Full	Two Years	One Month
	163	 	 	 	 	 	 	Full	Two Years	Two Months
	164	 	 	 	 	 	 	Full	Two Years	One Month
	165	 	 	 	 	 	 	Full	Two Years	One Month
	166	 	 	 	 	 	 	Full	Two Years	One Month
	167	 	 	 	 	 	 	Full	Two Years	One Month
	168	 	 	 	 	 	 	Full	Two Years	One Month
	169	 	 	 	 	 	 	Full	Two Years	One Month
	170	 	 	 	 	 	 	Full	Two Years	One Month
	171	 	 	 	 	 	 	Full	Two Years	One Month
	172	 	 	 	 	 	 	Full	Two Years	One Month
	173	 	 	 	 	 	 	Full	Two Years	One Month
	174	 	 	 	 	 	 	Full	Two Years	One Month
	175	 	 	 	 	 	 	Full	Two Years	Two Months
	176	 	 	 	 	 	 	Full	Two Years	Two Months
	177	 	 	 	 	 	 	Full	Two Years	One Month
	178	 	 	 	 	 	 	Full	Two Years	Two Months
	179	 	 	 	 	 	 	Full	Two Years	One Month
	180	 	 	 	 	 	 	Full	Two Years	One Month
	181	 	 	 	 	 	 	Full	Two Years	One Month
	182	 	 	 	 	 	 	Full	Two Years	One Month
	183	 	 	 	 	 	 	Full	Two Years	One Month
	184	 	 	 	 	 	 	Full	Two Years	One Month
	185	 	 	 	 	 	 	Full	Two Years	One Month
	186	 	 	 	 	 	 	Full	Two Years	One Month
	187	 	 	 	 	 	 	Full	Two Years	One Month
	188	 	 	 	 	 	 	Full	Two Years	One Month
	189	 	 	 	 	 	 	Full	Two Years	Two Months
	190	 	 	 	 	 	 	Full	Two Years	Two Months
	191	 	 	 	 	 	 	Full	Two Years	One Month
	192	 	 	 	 	 	 	Full	Two Years	One Month
	193	 	 	 	 	 	 	Full	Two Years	One Month
	194	 	 	 	 	 	 	Full	Two Years	One Month
	195	 	 	 	 	 	 	Full	Two Years	Two Months
	196	 	 	 	 	 	 	Full	Two Years	One Month
	197	 	 	 	 	 	 	Full	Two Years	One Month
	198	 	 	 	 	 	 	Full	Two Years	Two Months
	199	 	 	 	 	 	 	Full	Two Years	One Month
	200	 	 	 	 	 	 	Full	Two Years	Two Months
	201	 	 	 	 	 	 	Full	Two Years	Two Months
	202	 	 	 	 	 	 	Full	Two Years	Two Months
	203	 	 	 	 	 	 	Full	Two Years	Two Months
	204	 	 	 	 	 	 	Full	Two Years	Two Months
	205	 	 	 	 	 	 	Full	Two Years	One Month
	206	 	 	 	 	 	 	Full	Two Years	One Month
	207	 	 	 	 	 	 	Full	Two Years	One Month
	208	 	 	 	 	 	 	Full	Two Years	One Month
	209	 	 	 	 	 	 	Full	Two Years	One Month
	210	 	 	 	 	 	 	Full	Two Years	Two Months
	211	 	 	 	 	 	 	Full	Two Years	One Month
	212	 	 	 	 	 	 	Full	Two Years	One Month
	213	 	 	 	 	 	 	Full	Two Years	One Month
	214	 	 	 	 	 	 	Full	Two Years	Two Months
	215	 	 	 	 	 	 	Full	Two Years	One Month
	216	 	 	 	 	 	 	Full	Two Years	Two Months
	217	 	 	 	 	 	 	Full	Two Years	One Month
	218	 	 	 	 	 	 	Full	Two Years	One Month
	219	 	 	 	 	 	 	Full	Two Years	One Month
	220	 	 	 	 	 	 	Full	Two Years	Two Months
	221	 	 	 	 	 	 	Full	Two Years	One Month
	222	 	 	 	 	 	 	Full	Two Years	One Month
	223	 	 	 	 	 	 	Full	Two Years	One Month
	224	 	 	 	 	 	 	Full	Two Years	Two Months
	225	 	 	 	 	 	 	Full	Two Years	Two Months
	226	 	 	 	 	 	 	Full	Two Years	One Month
	227	 	 	 	 	 	 	Full	Two Years	One Month
	228	 	 	 	 	 	 	Full	Two Years	Two Months
	229	 	 	 	 	 	 	Full	Two Years	One Month
	230	 	 	 	 	 	 	Full	Two Years	Two Months
	231	 	 	 	 	 	 	Full	Two Years	One Month
	232	 	 	 	 	 	 	Full	Two Years	One Month
	233	 	 	 	 	 	 	Full	Two Years	Two Months
	234	 	 	 	 	 	 	Full	Two Years	One Month
	235	 	 	 	 	 	 	Full	Two Years	Two Months
	236	 	 	 	 	 	 	Full	Two Years	One Month
	237	 	 	 	 	 	 	Full	Two Years	One Month
	238	 	 	 	 	 	 	Full	Two Years	One Month
	239	 	 	 	 	 	 	Full	Two Years	Two Months
	240	 	 	 	 	 	 	Full	Two Years	One Month
	241	 	 	 	 	 	 	Full	Two Years	One Month
	242	 	 	 	 	 	 	Full	Two Years	Two Months
	243	 	 	 	 	 	 	Full	Two Years	Two Months
	244	 	 	 	 	 	 	Full	Two Years	One Month
	245	 	 	 	 	 	 	Full	Two Years	One Month
	246	 	 	 	 	 	 	Full	Two Years	Two Months
	247	 	 	 	 	 	 	Full	Two Years	One Month
	248	 	 	 	 	 	 	Full	Two Years	One Month
	249	 	 	 	 	 	 	Full	Two Years	One Month
	250	 	 	 	 	 	 	Full	Two Years	Two Months
	251	 	 	 	 	 	 	Full	Two Years	Two Months
	252	 	 	 	 	 	 	Full	Two Years	Two Months
	253	 	 	 	 	 	 	Full	Two Years	Two Months
	254	 	 	 	 	 	 	Full	Two Years	Two Months
	255	 	 	 	 	 	 	Full	Two Years	One Month
	256	 	 	 	 	 	 	Full	Two Years	One Month
	257	 	 	 	 	 	 	Full	Two Years	One Month
	258	 	 	 	 	 	 	Full	Two Years	One Month
	259	 	 	 	 	 	 	Full	Two Years	Two Months
	260	 	 	 	 	 	 	Full	Two Years	Two Months
	261	 	 	 	 	 	 	Full	Two Years	Two Months
	262	 	 	 	 	 	 	Full	Two Years	One Month
	263	 	 	 	 	 	 	Full	Two Years	One Month
	264	 	 	 	 	 	 	Full	Two Years	One Month
	265	 	 	 	 	 	 	Full	Two Years	One Month
	266	 	 	 	 	 	 	Full	Two Years	Two Months
	267	 	 	 	 	 	 	Full	Two Years	Two Months
	268	 	 	 	 	 	 	Full	Two Years	Two Months
	269	 	 	 	 	 	 	Full	Two Years	One Month
	270	 	 	 	 	 	 	Full	Two Years	Two Months
	271	 	 	 	 	 	 	Full	Two Years	One Month
	272	 	 	 	 	 	 	Full	Two Years	Two Months
	273	 	 	 	 	 	 	Full	Two Years	Two Months
	274	 	 	 	 	 	 	Full	Two Years	One Month
	275	 	 	 	 	 	 	Full	Two Years	Two Months
	276	 	 	 	 	 	 	Full	Two Years	Two Months
	277	 	 	 	 	 	 	Full	Two Years	One Month
	278	 	 	 	 	 	 	Full	Two Years	Two Months
	279	 	 	 	 	 	 	Full	Two Years	One Month
	280	 	 	 	 	 	 	Full	Two Years	One Month
	281	 	 	 	 	 	 	Full	Two Years	One Month
	282	 	 	 	 	 	 	Full	Two Years	One Month
	283	 	 	 	 	 	 	Full	Two Years	Two Months
	284	 	 	 	 	 	 	Full	Two Years	Two Months
	285	 	 	 	 	 	 	Full	Two Years	One Month
	286	 	 	 	 	 	 	Full	Two Years	Two Months
	287	 	 	 	 	 	 	Full	Two Years	Two Months
	288	 	 	 	 	 	 	Full	Two Years	Two Months
	289	 	 	 	 	 	 	Full	Two Years	One Month
	290	 	 	 	 	 	 	Full	Two Years	One Month
	291	 	 	 	 	 	 	Full	Two Years	One Month
	292	 	 	 	 	 	 	Full	Two Years	One Month
	293	 	 	 	 	 	 	Full	Two Years	One Month
	294	 	 	 	 	 	 	Full	Two Years	Two Months
	295	 	 	 	 	 	 	Full	Two Years	Two Months
	296	 	 	 	 	 	 	Full	Two Years	One Month
	297	 	 	 	 	 	 	Full	Two Years	One Month
	298	 	 	 	 	 	 	Full	Two Years	Two Months
	299	 	 	 	 	 	 	Full	Two Years	Two Months
	300	 	 	 	 	 	 	Full	Two Years	One Month
	301	 	 	 	 	 	 	Full	Two Years	One Month
	302	 	 	 	 	 	 	Full	Two Years	One Month
	303	 	 	 	 	 	 	Full	Two Years	One Month
	304	 	 	 	 	 	 	Full	Two Years	One Month
	305	 	 	 	 	 	 	Full	Two Years	One Month
	306	 	 	 	 	 	 	Full	Two Years	Two Months
	307	 	 	 	 	 	 	Full	Two Years	One Month
	308	 	 	 	 	 	 	Full	Two Years	One Month
	309	 	 	 	 	 	 	Full	Two Years	One Month
	310	 	 	 	 	 	 	Full	Two Years	Two Months
	311	 	 	 	 	 	 	Full	Two Years	One Month
	312	 	 	 	 	 	 	Full	Two Years	One Month
	313	 	 	 	 	 	 	Full	Two Years	Two Months
	314	 	 	 	 	 	 	Full	Two Years	One Month
	315	 	 	 	 	 	 	Full	Two Years	Two Months
	316	 	 	 	 	 	 	Full	Two Years	Two Months
	317	 	 	 	 	 	 	Full	Two Years	One Month
	318	 	 	 	 	 	 	Full	Two Years	One Month
	319	 	 	 	 	 	 	Full	Two Years	One Month
	320	 	 	 	 	 	 	Full	Two Years	One Month
	321	 	 	 	 	 	 	Full	Two Years	Two Months
	322	 	 	 	 	 	 	Full	Two Years	Two Months
	323	 	 	 	 	 	 	Full	Two Years	One Month
	324	 	 	 	 	 	 	Full	Two Years	One Month
	325	 	 	 	 	 	 	Full	Two Years	Two Months
	326	 	 	 	 	 	 	Full	Two Years	One Month
	327	 	 	 	 	 	 	Full	Two Years	Two Months
	328	 	 	 	 	 	 	Full	Two Years	One Month
	329	 	 	 	 	 	 	Full	Two Years	Two Months
	330	 	 	 	 	 	 	Full	Two Years	One Month
	331	 	 	 	 	 	 	Full	Two Years	Two Months
	332	 	 	 	 	 	 	Full	Two Years	Two Months
	333	 	 	 	 	 	 	Full	Two Years	Two Months
	334	 	 	 	 	 	 	Full	Two Years	Two Months
	335	 	 	 	 	 	 	Full	Two Years	One Month
	336	 	 	 	 	 	 	Full	Two Years	One Month
	337	 	 	 	 	 	 	Full	Two Years	One Month
	338	 	 	 	 	 	 	Full	Two Years	One Month
	339	 	 	 	 	 	 	Full	Two Years	One Month
	340	 	 	 	 	 	 	Full	Two Years	Two Months
	341	 	 	 	 	 	 	Full	Two Years	Two Months
	342	 	 	 	 	 	 	Full	Two Years	One Month
	343	 	 	 	 	 	 	Full	Two Years	Two Months
	344	 	 	 	 	 	 	Full	Two Years	One Month

 

    	 

    	 	

    
 

ATTACHMENT 2A

 

SALE AND SERVICING AGREEMENT

 

Refer to Exhibit 10.1

 

    	 

    	 	

    
 

ATTACHMENT 2B

 

PURCHASE AGREEMENT

 

    	 

    	 	

    
 

 

EXECUTION VERSION

 

 

 

FLOW MORTGAGE LOAN SALE AND SERVICING AGREEMENT

 

between

 

FIRST REPUBLIC BANK

as Seller and as Servicer,

 

and

 

RBS FINANCIAL PRODUCTS INC. 

as Purchaser

 

September 7, 2012

 

Performing Residential Mortgage Loans

 

(Servicing Retained)

 

 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	Page
	 	 
	SECTION 1.       Definitions.	1
	 	 
	SECTION 2.       Purchase and Conveyance.	12
	 	 
	SECTION 3.       Mortgage Loan Schedule.	12
	 	 
	SECTION 4.       Purchase Price.	12
	 	 
	SECTION 5.       Examination of Mortgage Files.	12
	 	 
	SECTION 6.       Delivery of Mortgage Loan Documents.	13
	 	 	 
	Subsection 6.01.	Possession of Mortgage Files.	13
	 	 	 
	Subsection 6.02.	Books and Records.	13
	 	 	 
	Subsection 6.03.	Delivery of Mortgage Loan Documents.	14
	 	 	 
	Subsection 6.04.	Helping Families Act Notice.	14
	 	 	 
	SECTION 7.       Representations, Warranties and Covenants; Remedies for Breach.	14
	 	 	 
	Subsection 7.01.	Representations and Warranties Regarding Individual Mortgage Loans.	14
	 	 	 
	Subsection 7.02.	Seller and Servicer Representations.	24
	 	 	 
	Subsection 7.03.	Repurchase; Substitution.	26
	 	 	 
	Subsection 7.04.	Repurchase of Mortgage Loans With Early Payment Default.	29
	 	 	 
	Subsection 7.05.	Purchase Price Protection.	29
	 	 	 
	SECTION 8.       Closing.	29
	 	 	 
	Subsection 8.01.	Closing Conditions.	29
	 	 	 
	Subsection 8.02.	Closing Documents.	30
	 	 	 
	SECTION 9.       [Reserved.]	31
	 	 
	SECTION 10.     Costs.	30
	 	 
	SECTION 11.     Administration and Servicing of Mortgage Loans.	31
	 	 	 
	Subsection 11.01.	Servicer to Act as Servicer; Subservicing.	31
	 	 	 
	Subsection 11.02.	Liquidation of Mortgage Loans.	33
	 	 	 
	Subsection 11.03.	Collection of Mortgage Loan Payments.	33
	 	 	 
	Subsection 11.04.	Establishment of Custodial Account; Deposits in Custodial Account.	33
	 	 	 
	Subsection 11.05.	Withdrawals From the Custodial Account.	35
	 	 	 
	Subsection 11.06.	Establishment of Escrow Account; Deposits in Escrow Account.	36
	 	 	 
	Subsection 11.07.	Withdrawals From Escrow Account.	36

 

    	i

    	 

    

 

TABLE OF CONTENTS

(continued)

 

 

	 	 	Page
	 	 	 
	Subsection 11.08.	Payment of Taxes, Insurance and Other Charges; Collections Thereunder.	36
	 	 	 
	Subsection 11.09.	Transfer of Accounts.	37
	 	 	 
	Subsection 11.10.	Maintenance of Hazard Insurance.	37
	 	 	 
	Subsection 11.11.	Maintenance of Primary Mortgage Insurance Policy; Claims.	38
	 	 	 
	Subsection 11.12.	Fidelity Bond; Errors and Omissions Insurance.	38
	 	 	 
	Subsection 11.13.	Title, Management and Disposition of REO Property.	39
	 	 	 
	Subsection 11.14.	Servicing Compensation.	39
	 	 	 
	Subsection 11.15.	Distributions.	39
	 	 	 
	Subsection 11.16.	Statements to the Purchaser.	40
	 	 	 
	Subsection 11.17.	Advances by the Servicer.	40
	 	 	 
	Subsection 11.18.	Assumption Agreements.	40
	 	 	 
	Subsection 11.19.	Satisfaction of Mortgages and Release of Mortgage Files.	41
	 	 	 
	Subsection 11.20.	Seller and Servicer Shall Provide Access and Information as Reasonably Required.	41
	 	 	 
	Subsection 11.21.	Inspections.	42
	 	 	 
	Subsection 11.22.	Restoration of Mortgaged Property.	42
	 	 	 
	Subsection 11.23.	Fair Credit Reporting Act.	42
	 	 	 
	Subsection 11.24.	Statement as to Compliance.	43
	 	 	 
	Subsection 11.25.	Independent Public Accountants’ Servicing Report.	43
	 	 	 
	SECTION 12.     The Servicer.	43
	 	 	 
	Subsection 12.01.	Indemnification; Third Party Claims.	43
	 	 	 
	Subsection 12.02.	Merger or Consolidation of the Servicer.	44
	 	 	 
	Subsection 12.03.	Limitation on Liability of the Servicer and Others.	44
	 	 	 
	Subsection 12.04.	Seller and Servicer Not to Resign.	44
	 	 	 
	SECTION 13.     Default.	44
	 	 	 
	Subsection 13.01.	Events of Default.	44
	 	 	 
	Subsection 13.02.	Waiver of Default.	46
	 	 	 
	SECTION 14.     Termination.	46
	 	 	 
	Subsection 14.01.	Termination.	46
	 	 	 
	Subsection 14.02.	Successors to the Servicer.	46
	 	 	 
	SECTION 15.     Notices.	47
	 	 
	SECTION 16.     Severability Clause.	48

 

    	ii

    	 

    

 

TABLE OF CONTENTS

(continued)

 

	 	 	Page
	 	 	 
	SECTION 17.	No Partnership.	48
	 	 	 
	SECTION 18.	Counterparts.	48
	 	 	 
	SECTION 19.	Governing Law; Choice of Forum; Waiver of Jury Trial.	48
	 	 	 
	SECTION 20.	Intention of the Parties.	49
	 	 	 
	SECTION 21.	Waivers.	49
	 	 	 
	SECTION 22.	Exhibits.	49
	 	 	 
	SECTION 23.	General Interpretive Principles.	49
	 	 	 
	SECTION 24.	Reproduction of Documents.	50
	 	 	 
	SECTION 25.	Amendment.	50
	 	 	 
	SECTION 26.	Confidentiality.	50
	 	 	 
	SECTION 27.	Entire Agreement.	50
	 	 	 
	SECTION 28.	Further Agreements.	50
	 	 	 
	SECTION 29.	Successors and Assigns.	51
	 	 	 
	SECTION 30.	Non-Solicitation.	51
	 	 	 
	SECTION 31.	Protection of Consumer Information.	51
	 	 	 
	SECTION 32.	Cooperation of the Company with a Reconstitution; Regulation AB Compliance.	52

 

EXHIBITS

 

	EXHIBIT 1	MORTGAGE LOAN DOCUMENTS
	 	 
	EXHIBIT 2	CONTENTS OF EACH MORTGAGE FILE
	 	 
	EXHIBIT 3	UNDERWRITING GUIDELINES
	 	 
	EXHIBIT 4	MORTGAGE LOAN SCHEDULE DATA FIELDS
	 	 
	EXHIBIT 5	FORM OF MONTHLY REMITTANCE REPORT
	 	 
	EXHIBIT 6	FORM OF PPTL
	 	 
	EXHIBIT 7	[RESERVED]
	 	 
	EXHIBIT 8	FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN
	 	 
	EXHIBIT 9	[RESERVED]
	 	 
	ADDENDUM I	REGULATION AB COMPLIANCE ADDENDUM

 

    	iii

    	 

    

 

FLOW MORTGAGE LOAN SALE AND SERVICING AGREEMENT

 

THIS FLOW MORTGAGE
LOAN SALE AND SERVICING AGREEMENT (the “Agreement”), dated as of September 7, 2012, is hereby executed by and
between RBS FINANCIAL PRODUCTS INC., a Delaware corporation, having an office at 600 Washington Boulevard, Stamford, CT 06901,
as purchaser (the “Purchaser”), and FIRST REPUBLIC BANK, a California corporation having an office at 111 Pine
Street, San Francisco, California 94111, as seller (the “Seller”) and as servicer (the “Servicer”).

 

WITNESSETH:

 

WHEREAS, the Seller
has agreed to sell from time to time to the Purchaser, and the Purchaser has agreed to purchase from time to time from the Seller,
certain conventional, residential, first-lien mortgage loans (the “Mortgage Loans”) as described herein on a
servicing-retained basis, and which shall be delivered as whole loans as provided herein; and

 

WHEREAS, the Mortgage
Loans will be sold by the Seller and purchased by the Purchaser as pools or groups of whole loans, servicing retained (each, a
“Mortgage Loan Package”) on the various Closing Dates as provided herein; and

 

WHEREAS, each of the
Mortgage Loans will be secured by a mortgage, deed of trust or other security instrument creating a first lien on a Mortgaged Property
located in the jurisdiction indicated on the related Mortgage Loan Schedule which will be annexed to a PPTL (as defined herein)
on the related Closing Date; and

 

WHEREAS, the Purchaser,
the Seller and the Servicer wish to prescribe the manner of the conveyance, servicing and control of the Mortgage Loans;

 

NOW, THEREFORE, in
consideration of the premises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Purchaser, the Seller and the Servicer agree as follows:

 

SECTION
1. Definitions.

 

For purposes of this
Agreement, the following capitalized terms shall have the respective meanings set forth below.

 

Adjustable Rate
Mortgage Loan: A Mortgage Loan purchased pursuant to this Agreement which provides for the adjustment of the Mortgage Interest
Rate payable in respect thereto.

 

Adjustment Date:
As to each Adjustable Rate Mortgage Loan, the date on which the Mortgage Interest Rate is adjusted in accordance with the terms
of the related Mortgage Note and Mortgage.

 

Agency Transfer:
As defined in Section 32 of this Agreement.

 

Agreement: This
Flow Mortgage Loan Sale and Servicing Agreement including all exhibits, schedules, amendments and supplements hereto.

 

ALTA: The American
Land Title Association or any successor thereto.

 

Anti-Money Laundering
Laws: As defined in Section 7.01(h).

 

Applicable Law:
All applicable federal, state or local laws, rules and regulations and any other applicable requirements of any government or agency
or instrumentality.

 

    	 

    	 

    

 

Appraised Value:
With respect to any Mortgaged Property, the lesser of (i) the value (or Reconciled Market Value if more than one appraisal is received)
thereof as determined by a Qualified Appraiser at the time of origination of the Mortgage Loan, and (ii) the purchase price paid
for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that
in the case of a Refinanced Mortgage Loan, such value (or Reconciled Market Value if more than one appraisal is received) of the
Mortgaged Property is based solely upon the value determined by an appraisal or appraisals made for the originator of such Refinanced
Mortgage Loan at the time of origination of such Refinanced Mortgage Loan by a Qualified Appraiser.

 

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

 

Arbitrator:
A person who is not affiliated with the Seller, Purchaser or Servicer, who is a member of the American Arbitration Association.

 

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

 

Assumed Principal
Balance: As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding
as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all
amounts previously distributed to the Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing
(a) payments or other recoveries of principal or (b) advances of scheduled principal payments made pursuant to Subsection 11.17.

 

Balloon Mortgage
Loan: A Mortgage Loan that provided on the date of origination for monthly payments up to but not including the maturity date
based on an amortization extending beyond its maturity date.

 

Balloon Payment:
With respect to any Balloon Mortgage Loan as of any date of determination, the final payment payable on the maturity of such Mortgage
Loan, which shall include the entire remaining principal balance.

 

Business Day:
Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of New York or the State of California, or
(iii) a day on which banks in the State of New York or the State of California are authorized or obligated by law or executive
order to be closed.

 

Closing Date:
The date or dates, set forth in the related PPTL, on which the Purchaser will purchase and the Seller will sell the Mortgage Loans
identified therein.

 

CLTA: The California
Land Title Association or any other successor thereto.

 

CLTV: Combined
Loan-to-Value Ratio.

 

Code: The Internal
Revenue Code of 1986, as amended, or any successor statute thereto.

 

Commission:
The United States Securities and Exchange Commission.

 

Condemnation Proceeds:
All awards, compensation and settlements in respect of a taking (whether permanent or temporary) of all or part of a Mortgaged
Property by exercise of the power of condemnation or the right of eminent domain, to the extent not required to be released to
a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

 

Consumer Information:
Any personally identifiable information in any form (written electronic or otherwise) relating to a Mortgagor, including, but not
limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history, delinquency
status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship
with the Seller or the originator of the related Mortgage Loan; and any other non-public personally identifiable information.

 

    	2

    	 

    

 

Convertible Mortgage
Loan: An Adjustable Rate Mortgage Loan that by its terms and subject to certain conditions allows the Mortgagor to convert
the adjustable Mortgage Interest Rate thereon to a fixed Mortgage Interest Rate.

 

Cooperative Corporation:
With respect to any Cooperative Loan, the cooperative apartment corporation that holds legal title to the related Cooperative Project
and grants occupancy rights to units therein to stockholders through Cooperative Leases or similar arrangements.

 

Cooperative Lease:
The lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.

 

Cooperative Loan:
A Mortgage Loan that is secured by a first lien on and perfected security interest in Cooperative Shares and the related Cooperative
Lease granting exclusive rights to occupy the related Cooperative Unit in the building owned by the related Cooperative Corporation.

 

Cooperative Project:
With respect to any Cooperative Loan, all real property and improvements thereto and rights therein and thereto owned by a Cooperative
Corporation including without limitation the land, separate dwelling units and all common elements.

 

Cooperative Shares:
With respect to any Cooperative Loan, the shares of stock issued by a Cooperative Corporation and allocated to a Cooperative Unit
and represented by a stock certificate.

 

Cooperative Unit:
With respect to a Cooperative Loan, a specific unit in a Cooperative Project.

 

Credit Score:
With respect to any Mortgage Loan, the credit score of the related primary Mortgagor provided by Experian/Fair Isaac or such other
organization acceptable to the Purchaser providing credit scores at the time of origination of such Mortgage Loan. If two credit
scores are obtained, the Credit Score shall be the lower of the two credit scores. If three credit scores are obtained, the Credit
Score shall be the middle of the three credit scores. There is only one (1) Credit Score for any loan regardless of the number
of borrowers and/or applicants. The minimum Credit Score for each Mortgage Loan will be in accordance with the Seller's Underwriting
Guidelines.

 

Custodial Account:
As defined in Subsection 11.04.

 

Custodial Account
Letter Agreement: Written confirmation of the existence of the Custodial Account.

 

Customary Servicing
Procedures: With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent
mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the
related Mortgaged Property is located, and which are in accordance with Fannie Mae servicing practices and procedures for MBS pool
mortgages, as defined in the Fannie Mae Guides including future updates, or as such mortgage servicing practices may change from
time to time, in all cases consistent with Applicable Law.

 

Cut-off Date:
With respect to each Mortgage Loan, the first day of the month of the related Closing Date as set forth in the related PPTL.

 

Deleted Mortgage
Loan: A Mortgage Loan replaced or to be replaced with a Substitute Mortgage Loan in accordance with this Agreement.

 

Determination Date:
With respect to each Remittance Date, the 15th day (or, if such 15th day is not a Business Day, the preceding Business Day) of
the month in which such Remittance Date occurs.

 

Due Date: The
day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

 

    	3

    	 

    

 

 

Due Period:
With respect to each Remittance Date, the period beginning on the second day of the month preceding the month of the Remittance
Date, and ending on the first day of the month of the Remittance Date.

 

Eligible Account:
Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term
unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary
of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at
the time any amounts are held on deposit therein, or (ii) a trust account or accounts maintained with the trust department of a
federal or state chartered depository institution or trust company, acting in its fiduciary capacity the short-term unsecured debt
obligations of which have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein
or (iii) any other account acceptable to each Rating Agency. If the short-term credit rating of the depository institution or trust
company that maintains the account or accounts falls below the highest short-term rating of any Rating Agency, the funds on deposit
therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade.

 

Eligible Investments:
Any one or more of the following obligations or securities:

 

(i)          direct
obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United
States of America the obligations of which are backed by the full faith and credit of the United States of America;

 

(ii)         (a)
demand or time deposits, federal funds or bankers' acceptances issued by any depository institution or trust company incorporated
under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or
state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured
debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment
providing for such investment are rated in one of the two highest rating categories by each Rating Agency for long-term unsecured
debt or in the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate
of deposit that is fully insured by the FDIC;

 

(iii)        repurchase
obligations with a term not to exceed thirty (30) days and with respect to (a) any security described in clause (i) above and entered
into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;

 

(iv)        securities
bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or
any state thereof that are rated in one of the two highest rating categories by each Rating Agency for long-term unsecured debt
or in the highest rating category with respect to short-term obligations at the time of such investment or contractual commitment
providing for such investment; provided, however, that securities issued by any particular corporation will not be
Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued
by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all of the
Mortgage Loans and Eligible Investments;

 

(v)         commercial
paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified
date not more than one year after the date of issuance thereof) that is rated in the highest rating categories by each Rating Agency
at the time of such investment;

 

    	4

    	 

    

 

(vi)        any
other demand, money market or time deposit, obligation, security or investment as may be acceptable to each Rating Agency as evidenced
in writing by each Rating Agency; and

 

(vii)       any
money market funds the collateral of which consists of obligations fully guaranteed by the United States of America or any agency
or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United
States of America (which may include repurchase obligations secured by collateral described in clause (i)) and other securities
and which money market funds are rated in one of the two highest rating categories by each Rating Agency for long-term unsecured
debt or in the highest rating category with respect to short-term obligations.

 

provided, however,
that no instrument or security shall be an Eligible Investment if such instrument or security evidences a right to receive only
interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal
and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such investment or security is purchased
at a price greater than par.

 

Escrow Account:
As defined in Subsection 11.06.

 

Escrow Account Letter
Agreement: Written confirmation of the existence of the Escrow Account.

 

Escrow Payments:
The amounts constituting ground rents, taxes, assessments, Primary Mortgage Insurance Policy premiums, fire and hazard insurance
premiums, flood insurance premiums, condominium charges and other payments as may be required to be escrowed by the Mortgagor with
the Mortgagee pursuant to the terms of any Mortgage Note or Mortgage.

 

Event of Default:
Any one of the conditions or circumstances enumerated in Subsection 13.01.

 

Fannie Mae:
The entity formerly known as the Federal National Mortgage Association or any successor thereto.

 

Fannie Mae Guides:
The Fannie Mae Selling Guide and the Fannie Mae Servicing Guide and all amendments or additions thereto in effect as of any date
of determination.

 

FDIC: The Federal
Deposit Insurance Corporation or any successor thereto.

 

FDPA: The Flood
Disaster Protection Act of 1973, as amended.

 

FHFA: The Federal
Housing Finance Agency or any successors thereto.

 

Fidelity Bond:
The fidelity bond required to be obtained by the Servicer pursuant to Subsection 11.12.

 

FIRREA: The
Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time.

 

First Remittance
Date: With respect to each Mortgage Loan Package, the 18th day (or if such 18th day is not a Business Day, the first Business
Day immediately preceding such 18th day) of the calendar month immediately following the Closing Date; provided, however,
if the Transfer Date is not one (1) or more Business Days prior to the first day of such calendar month, such date will be the
18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the next succeeding
calendar month.

 

Freddie Mac:
The entity formerly known as the Federal Home Loan Mortgage Corporation or any successor thereto.

 

    	5

    	 

    

 

Freddie Mac Guide:
The Freddie Mac Single Family Seller/Servicer Guide and all amendments or additions thereto in effect as of any date of determination.

 

Full Prepayment:
Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and 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.

 

GAAP: Generally
accepted accounting principles consistently applied.

 

Gross Margin:
With respect to any Adjustable Rate Mortgage Loan, the fixed percentage amount set forth in the related Mortgage Note and the Mortgage
Loan Schedule that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note to determine
the new Mortgage Interest Rate for such Mortgage Loan.

 

Helping Families
Act: The Helping Families Save Their Homes Act of 2009, as amended and in effect from time to time.

 

HUD: The United
States Department of Housing and Urban Development or any successor thereto.

 

Index: With
respect to any Adjustable Rate Mortgage Loan, the index identified on the Mortgage Loan Schedule and set forth in the related Mortgage
Note for the purpose of calculating the Mortgage Interest Rate thereon.

 

Initial Rate Cap:
With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per
annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the
Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect
immediately prior to such Adjustment Date.

 

Insurance Proceeds:
With respect to each Mortgage Loan, proceeds of insurance policies, including any Primary Mortgage Insurance Policy, insuring the
Mortgage Loan or the related Mortgaged Property.

 

IO Adjustable Rate
Mortgage Loan: An Adjustable Rate Mortgage Loan with respect to which accrued interest only is payable by a Mortgagor on each
Due Date until the IO Conversion Date.

 

IO Conversion Date:
With respect to an IO Adjustable Rate Mortgage Loan, the date that references the end of the “interest only period”
applicable thereto.

 

Lifetime Rate Cap:
As to each Adjustable Rate Mortgage Loan, the maximum Mortgage Interest Rate which shall be as permitted in accordance with the
provisions of the related Mortgage Note.

 

Liquidation Proceeds:
The proceeds received in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure
sale or otherwise, other than amounts received following the acquisition of REO Property, Insurance Proceeds and Condemnation Proceeds.

 

Loan-to-Value Ratio:
With respect to any Mortgage Loan as of any date of determination, the ratio, expressed as a percentage, on such date of the outstanding
principal balance of the Mortgage Loan to the Appraised Value of the related Mortgaged Property.

 

LPMI: Lender
paid mortgage insurance.

 

LTV: Loan-to-Value
Ratio.

 

Master Servicer:
With respect to any Securitization Transaction, the “master servicer,” if any, identified in the related transaction
documents.

 

    	6

    	 

    

 

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

 

MERS Mortgage Loan:
Any Mortgage Loan registered with MERS on the MERS System.

 

MERS System:
The system of recording transfers of mortgages electronically maintained by MERS.

 

MIN: The Mortgage
Identification Number for any MERS Mortgage Loan.

 

Minimum Interest
Rate: With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the
related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

 

Monthly Payment:
With respect to each Mortgage Loan, the scheduled monthly payment due on any Due Date allocable to principal and/or interest pursuant
to the terms of the related Mortgage Note.

 

Mortgage: The
mortgage, deed of trust or other instrument creating a first lien on a Mortgaged Property securing a Mortgage Note; provided,
that, with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties
is a widely accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create
a first lien upon a leasehold estate of the Mortgagor.

 

Mortgage File:
With respect to each Mortgage Loan, all documents directly involved in and/or used to make decisions with respect to the origination,
underwriting (including documented compensating factors pertaining to exceptions) and servicing of the Mortgage Loan, including
but not limited to the documents specified in Exhibit 2, and any additional documents required to be added to the Mortgage File
pursuant to this Agreement.

 

Mortgage Interest
Rate: With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time
in accordance with the provisions of the related Mortgage Note, including, but not limited to, the limitations on such interest
rate imposed by the Initial Rate Cap, the Periodic Rate Cap, the Minimum Interest Rate and the Lifetime Rate Cap, if any.

 

Mortgage Loan:
An individual Mortgage Loan which is the subject of this Agreement, each Mortgage Loan originally sold and subject to this Agreement
being identified on the related Mortgage Loan Schedule, which Mortgage Loan includes without limitation the Mortgage File, the
Monthly Payments, Principal Prepayments, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds, REO Disposition Proceeds,
any escrow accounts related to the Mortgage Loan and all other rights, benefits, proceeds and obligations arising from or in connection
with such Mortgage Loan, excluding replaced or repurchased mortgage loans.

 

Mortgage Loan Documents:
With respect to any Mortgage Loan, the documents listed in Exhibit 1 hereto.

 

Mortgage Loan Package:
The pool or group of whole loans purchased on a Closing Date, as described in the Mortgage Loan Schedule annexed to the related
PPTL.

 

Mortgage Loan Remittance
Rate: With respect to any Mortgage Loan as of any date of determination, the annual rate of interest payable to the Purchaser,
which shall be equal to the then applicable related Mortgage Interest Rate minus the related Servicing Fee Rate.

 

Mortgage Loan Schedule:
The schedule of Mortgage Loans for each Mortgage Loan Package subject to this Agreement identified on a Schedule I to the related
PPTL setting forth each of the applicable Mortgage Loan Schedule Data Fields.

 

Mortgage Loan Schedule
Data Fields: The schedule of data fields with respect to each Mortgage Loan, set forth on Exhibit 4.

 

    	7

    	 

    

 

Mortgage Note:
The note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage or, in the case of a Cooperative Loan, secured
by the Cooperative Shares and the Cooperative Lease.

 

Mortgaged Property:
The Mortgagor’s property securing repayment of a related Mortgage Note, consisting of either (i) a fee simple interest
in a single parcel of real property improved by a Residential Dwelling, or (ii) in the case of a Cooperative Loan, the related
Cooperative Shares and Cooperative Lease, securing the indebtedness of the Mortgagor under the related Mortgage Note, or the related
Cooperative Unit, as applicable.

 

Mortgagee: The
mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

 

Mortgagor: The
obligor on a Mortgage Note, who is an owner of the Mortgaged Property and the grantor or mortgagor named in the Mortgage and such
grantor’s or mortgagor’s successors in title to the Mortgaged Property.

 

Officer’s
Certificate: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, a President or a Vice President
of the Person on behalf of whom such certificate is being delivered.

 

Opinion of Counsel:
A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being given (unless the
opinion addresses REMIC or other tax matters, in which case the opinion must be provided by independent outside counsel experienced
in such matters), reasonably acceptable to each Person to whom such opinion is addressed.

 

P&I Advance:
As defined in Subsection 11.17.

 

Partial Prepayment:
Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date
and 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.

 

Periodic Rate Cap:
As to each Adjustable Rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate, on any Adjustment Date
as provided in the related Mortgage Note, if applicable.

 

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

 

Pledge Agreement:
The specific agreement creating a first lien on and pledge of the Cooperative Shares and the related Cooperative Lease securing
a Cooperative Loan.

 

Prepayment Penalty:
With respect to each Mortgage Loan, the penalty if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage
Note or Mortgage.

 

Prepayment Interest
Shortfall: As to any Remittance Date and any Mortgage Loan, (a) if such Mortgage Loan was the subject of a Full Prepayment
during the related Principal Prepayment Period, the excess of one month’s interest (adjusted to the Mortgage Loan Remittance
Rate) on the Assumed Principal Balance of such Mortgage Loan outstanding immediately prior to such prepayment, over the amount
of interest (adjusted to the Mortgage Loan Remittance Rate) actually paid by the Mortgagor in respect of such Principal Prepayment
Period, and (b) if such Mortgage Loan was the subject of a Partial Prepayment during the related Principal Prepayment Period, an
amount equal to the excess of one month’s interest at the Mortgage Loan Remittance Rate on the amount of such Partial Prepayment,
over the amount of interest actually paid by the Mortgagor in respect of such Partial Prepayment during such Principal Prepayment
Period.

 

Primary Mortgage
Insurance Policy: A policy of primary mortgage guaranty insurance.

 

Principal Prepayment:
Any full or partial payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due
Date, including any Prepayment Penalty or premium thereon 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.

 

    	8

    	 

    

 

Principal Prepayment
Period: As to any Remittance Date, the calendar month preceding the calendar month in which such Remittance Date occurs.

 

Purchase Price:
The price paid on the related Closing Date by the Purchaser to the Seller pursuant to this Agreement in exchange for the Mortgage
Loans included in the related Mortgage Loan Package, as calculated pursuant to Section 4 and the related PPTL.

 

Purchase Price Percentage:
For each Mortgage Loan included in a Mortgage Loan Package, the percentage of par set forth in the related PPTL that is used to
calculate the Purchase Price of the Mortgage Loans included in such Mortgage Loan Package.

 

PPTL: With respect
to each Mortgage Loan and Mortgage Loan Package, the Purchase Price and Terms Letter, substantially in the form of Exhibit 6 attached
hereto, confirming the sale by Seller and the purchase by the Purchaser of the Mortgage Loan Package on the related Closing Date.

 

Purchaser: The
Person listed as such in the initial paragraph of this Agreement, together with its successors and assigns as permitted under the
terms of this Agreement.

 

Qualified Appraiser:
With respect to each Mortgage Loan, an appraiser, duly appointed by the originator, who had no interest, direct or indirect in
the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval
of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfy the requirements of Fannie Mae or
Freddie Mac and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was
originated.

 

Qualified Insurer:
An insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located, duly authorized
and licensed in such states to transact the applicable insurance business and to write the insurance provided by the insurance
policy issued by it, approved as an insurer by Fannie Mae and Freddie Mac.

 

Rating Agencies:
Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, Moody’s Investors
Service, Inc., Fitch, Inc., DBRS, Inc. and, if specified in any related Securitization Transaction, any other nationally recognized
statistical rating organization or their respective successors, or any successor in interest thereto.

 

Reconciled Market
Value: The estimated market value of the Mortgaged Property or REO Property that is reasonably determined by the Servicer based
on different results obtained from different permitted valuation methods or at different time periods, all in accordance with Customary
Servicing Procedures.

 

Reconstitution Agreement:
The agreement or agreements entered into by the Seller and the Purchaser and/or certain third parties on the Reconstitution Date
or Reconstitution Dates with respect to any or all of the Mortgage Loans serviced hereunder, in connection with a Whole Loan Transfer
or a Securitization Transaction as provided in Subsection 32.01.

 

Reconstitution Date:
The date or dates on which any or all of the Mortgage Loans serviced under this Agreement shall be removed from this Agreement
and reconstituted as part of a Whole Loan Transfer or Securitization Transaction pursuant to Section 32 hereof. On such date, the
Mortgage Loans transferred shall cease to be covered by this Agreement and the Seller shall service such Mortgage Loans under the
Reconstitution Agreement and shall cease to service such Mortgage Loans under this Agreement.

 

Record Date:
The close of business of the last Business Day of the month preceding the month of the related Remittance Date.

 

    	9

    	 

    

 

Refinanced Mortgage
Loan: A Mortgage Loan which was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage
Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage.

 

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.

 

Regulation AB Compliance
Addendum: Addendum I attached hereto and incorporated herein by reference thereto.

 

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

 

Remittance Date:
The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of any month,
beginning with the First Remittance Date with respect to each Mortgage Loan Package.

 

REO Disposition:
The final sale by the Servicer or the Purchaser of an REO Property.

 

REO Disposition
Proceeds: All amounts received with respect to an REO Disposition pursuant to Subsection 11.13.

 

REO Property:
A Mortgaged Property acquired by the Servicer through foreclosure or deed in lieu of foreclosure, as described in Subsection 11.13.

 

Repurchase Price:
With respect to any Mortgage Loan, a price equal to (i) the product of the Purchase Price Percentage and the Stated Principal Balance
of the Mortgage Loan, plus, (ii) interest on such outstanding principal balance at the related Mortgage Loan Remittance Rate from
the last date through which interest was last paid and distributed to the Purchaser to the last day of the month in which such
repurchase occurs, plus, (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage
Loan being repurchased; provided, however, that if at the time of repurchase the Servicer is not the Seller or an
affiliate of the Seller, the amount described in clause (ii) shall be computed at the sum of (a) the Mortgage Loan Remittance Rate
and (b) the Servicing Fee Rate.

 

Residential Dwelling:
Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family
dwelling unit in a condominium project or (iv) a one-family dwelling in a planned unit development, none of which is a mobile or
manufactured home.

 

Rule 15Ga-1:
Rule 15Ga-1 under the Securities Exchange Act of 1934.

 

Securities Act:
The Securities Act of 1933, as amended.

 

Securitization Transaction:
Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the
Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed
securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined
primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all
of the Mortgage Loans.

 

Seller: First
Republic Bank, or its successor in interest or any successor to the Seller under this Agreement appointed as herein provided.

 

    	10

    	 

    

 

Servicer: First
Republic Bank, or its successor in interest or any successor to the Servicer under this Agreement appointed as herein provided.

 

Servicing Advances:
All customary, reasonable and necessary out-of-pocket costs and expenses incurred in the performance by the Servicer of its servicing
obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of the Mortgaged Property,
(b) any enforcement or judicial proceedings, including foreclosures, (c) the management and liquidation of the Mortgaged Property
if the Mortgaged Property is acquired in satisfaction of the Mortgage, and (d) payments made by the Servicer with respect to a
Mortgaged Property pursuant to Subsection 11.08.

 

Servicing Fee:
With respect to each Mortgage Loan, the amount of the annual fee the Purchaser shall pay to the Servicer, which shall, for each
month, be equal to one-twelfth of the product of the applicable Servicing Fee Rate and the Stated Principal Balance of such Mortgage
Loan. Such fee shall be payable monthly, computed on the basis of the same principal amount and period respecting which any related
interest payment on a Mortgage Loan is computed. The obligation of the Purchaser to pay the Servicing Fee is limited to, and payable
solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds, Condemnation Proceeds,
Insurance Proceeds and other proceeds, to the extent permitted by Subsection 11.05) of related Monthly Payments collected
by the Servicer, or as otherwise provided under Subsection 11.05.

 

Servicing Fee Rate:
With respect to each Mortgage Loan, the per annum rate set forth on the related Mortgage Loan Schedule or if not specified thereon,
in the related PPTL, which such rate will be increased by the amount of any increase in the Mortgage Interest Rate for any such
Mortgage Loan pursuant to the terms of the related Mortgage Note due to the termination of an automatic debit or direct deposit
account.

 

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

 

Stated Principal
Balance: As to any Mortgage Loan and date of determination, the unpaid principal balance of such Mortgage Loan as of the most
recent Due Date as determined by the amortization schedule for the Mortgage Loan at the time relating thereto (before any adjustment
to such amortization schedule by reason of any moratorium or similar waiver or grace period) after giving effect to any previous
modification to the Mortgage Loan, Principal Prepayments and Liquidation Proceeds allocable to principal and to the payment of
principal due on such Due Date (but not unscheduled Principal Prepayments received on such Due Date) and irrespective of any delinquency
in payment by the related Mortgagor.

 

Substitute Mortgage
Loan: A mortgage loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, be
approved by the Purchaser and meet the conditions described in Section 7.03(b) of this Agreement.

 

Transfer Date:
The date or dates, set forth in the related PPTL, on which the servicing related provisions of this Agreement will become effective
and the Servicer will begin servicing the Mortgage Loans for the benefit of the Purchaser.

 

Underwriting Guidelines:
The written underwriting guidelines in effect as of the origination date of such Mortgage Loans, attached hereto as Exhibit 3,
as may be updated and incorporated into Exhibit 3 from time to time by attaching such updates to the PPTL.

 

USA Patriot Act:
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended.

 

USPAP: The Uniform
Standards of Professional Appraisal Practice, as amended and in effect from time to time.

 

    	11

    	 

    

 

Whole Loan Transfer:
Any sale or transfer by the Purchaser of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization
Transaction.

 

SECTION
2. Purchase and Conveyance.

 

The Seller agrees to
sell and the Purchaser agrees to purchase from time to time, without recourse, but subject to the terms of this Agreement and on
a servicing retained basis, all right, title and interest of the Seller in and to the Mortgage Loans in a Mortgage Loan Package
having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser
and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on
the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained
therein, other than the servicing rights to such Mortgage Loans.

 

With respect to each
Mortgage Loan, the Purchaser shall own and be entitled to (1) the principal portion of all Monthly Payments due after the related
Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however,
that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any
successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage
Loans at the Mortgage Loan Remittance Rate (minus that portion of any such payment which is allocable to the period prior to the
related Cut-off Date).

 

SECTION
3. Mortgage Loan Schedule.

 

The Seller shall deliver
the Mortgage Loan Schedule (which will be annexed to the related PPTL and delivered in electronic form) to the Purchaser at least
two (2) Business Days prior to the related Closing Date.

 

SECTION
4. Purchase Price.

 

The Purchase Price
for the Mortgage Loans being acquired on a Closing Date shall be equal to the sum of (a) the product of (i) the Purchase Price
Percentage stated in the related PPTL (subject to adjustment as provided therein) and (ii) the aggregate unpaid principal balance
as of the Cut-off Date of the Mortgage Loans listed on the related Mortgage Loan Schedule, plus (b) an amount equal to accrued
interest on the unpaid principal balance of each Mortgage Loan at the Mortgage Loan Remittance Rate of such Mortgage Loan from
the date through which interest on such Mortgage Loan has been paid through the day prior to the related Closing Date, both inclusive
(with interest calculated on the basis of a three hundred sixty (360)-day year consisting of twelve (12) thirty (30)-day months)
(the “Purchase Price”). If so provided in the related PPTL, portions of the Mortgage Loans shall be priced separately.

 

The Purchase Price
as set forth in the preceding paragraph for the Mortgage Loans shall be paid on the related Closing Date by wire transfer of immediately
available funds.

 

SECTION
5. Examination of Mortgage Files.

 

The Seller shall, at
the direction of the Purchaser, deliver to the Purchaser or its designee in escrow, for examination with respect to each Mortgage
Loan to be purchased on the related Closing Date, the related Mortgage File in hard copy or in digital format. Such examination
may be made by the Purchaser or its designee at any reasonable time before or after the related Closing Date. In connection with
any such examination, the Purchaser and its designee may contact any Mortgagor or any employer of a Mortgagor or any other third
party only for the express purpose of verification of employment information in the Mortgage File, without the prior written consent
of the Seller. If the Purchaser makes such examination prior to the Closing Date and identifies any Mortgage Loans that do not
conform to the terms of the related PPTL, the terms of this Agreement or the Purchaser's underwriting standards, such Mortgage
Loans may, at the Purchaser's option, be rejected for purchase by the Purchaser. If not purchased by the Purchaser, such Mortgage
Loans shall be deleted from the related Mortgage Loan Schedule. The Purchaser may, at its option and without notice to the Seller,
purchase all or part of the Mortgage Loan package without conducting any partial or complete examination. The fact that the Purchaser
has conducted or has determined not to conduct any partial or complete examination of the Mortgage Files shall not affect the Purchaser’s
(or any of its successors’) rights to demand repurchase or other relief or remedy provided for in this Agreement.

 

    	12

    	 

    

 

SECTION
6. Delivery of Mortgage Loan Documents.

 

Subsection
6.01.         Possession of Mortgage Files.

 

Originals or copies
of all documents listed on Exhibit 2 and comprising the Mortgage File, other than the Mortgage Loan Documents, shall be delivered
to the Purchaser or its designee on or prior to the related Closing Date. Originals of the contents of each Mortgage File not delivered
to the Purchaser or the custodian appointed by the Purchaser are and shall be held in trust by the Servicer for the benefit of
the Purchaser as the owner thereof and shall be available for review by the Purchaser upon request. The Servicer’s possession
of any portion of each such Mortgage File is at the will of the Purchaser for the sole purpose of facilitating servicing of the
Mortgage Loans pursuant to this Agreement, and such retention and possession by the Servicer shall be in a custodial capacity only.
The ownership of each Mortgage Note, Mortgage and the contents of each Mortgage File is vested in the Purchaser and the ownership
of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Servicer
shall immediately vest in the Purchaser and shall be retained and maintained, in trust, by the Servicer at the will of the Purchaser
in such custodial capacity only. The copies of the Mortgage File retained by the Servicer with respect to each Mortgage Loan pursuant
to this Agreement shall be appropriately identified in the Servicer’s computer system to reflect clearly the ownership of
such related Mortgage Loan by the Purchaser. The Servicer shall release from its custody the contents of any Mortgage File retained
by it only in accordance with this Agreement, except when such release is required in connection with a repurchase of any such
Mortgage Loan pursuant to Subsection 7.03 of this Agreement or if required under Applicable Law.

 

Any review by the Purchaser
or its designee of the Mortgage Files shall in no way alter or reduce the Seller’s obligations hereunder.

 

If the Purchaser or
its designee discovers any defect that is a breach of a representation or warranty contained in Section 7.01 or Section 7.02 herein
with respect to any document constituting part of a Mortgage File, the Purchaser shall, or shall cause its designee to, give written
specification of such defect to the Seller and the Seller shall cure or repurchase such Mortgage Loan in accordance with Section
7.03.

 

Subsection
6.02.         Books and Records.

 

The sale of each Mortgage
Loan will be reflected on the Seller’s balance sheet and other financial statements as a sale of assets by the Seller. The
Seller shall maintain a complete set of books and records for the Mortgage Loans sold by it which shall be appropriately identified
in the Seller’s computer system to clearly reflect the ownership of the Mortgage Loans by the Purchaser.

 

The Purchaser shall
have the right, at its expense, upon reasonable notice to the Seller, during business hours or at such other times as might be
reasonable under applicable circumstances, to examine and audit any and all of the books, records or other information of the Seller
whether held by the Seller or by another on behalf of the Seller which relate to the Mortgage Loans or the performance or observance
by the Seller of the terms, covenants or conditions of this Agreement, and to discuss such books, records or other information
with an officer or employee of the Seller who is knowledgeable about the matters contained therein, upon Purchaser's reasonable
request.

 

    	13

    	 

    

 

Subsection
6.03.         Delivery of Mortgage Loan Documents.

 

The Seller shall deliver
and release to the Purchaser or the custodian appointed by the Purchaser the Mortgage Loan Documents no later than five (5) Business
Days prior to the related Closing Date or, upon the request of the Purchaser, earlier, if necessary or desirable to facilitate
a review. If the Seller cannot deliver the original recorded Mortgage Loan Documents on the related Closing Date, the Seller shall,
promptly upon receipt thereof and in any case not later than 120 days from the Closing Date, deliver such original recorded documents
to the Purchaser or the appointed custodian (unless the Seller is delayed in making such delivery by reason of the fact that such
documents shall not have been returned by the appropriate recording office). If delivery is not completed within 120 days of the
related Closing Date solely because such documents shall not have been returned by the appropriate recording office, the Seller
shall deliver such document to Purchaser, or the appointed custodian, within such time period as specified in a Seller’s
Officer’s Certificate. In the event that documents have not been received by the date specified in the Seller’s Officer’s
Certificate, a subsequent Seller’s Officer’s Certificate shall be delivered by such date specified in the prior Seller’s
Officer’s Certificate, stating a revised date for receipt of documentation. The procedure shall be repeated until the documents
have been received and delivered. The Seller shall use its best efforts to effect delivery of all delayed recorded documents within
180 days of the related Closing Date. If delivery of all Mortgage Loan Documents with respect to any Mortgage Loan is not completed
within 360 days of the related Closing Date then, at Purchaser’s option, the Seller shall repurchase such Mortgage Loan in
such manner set forth in Section 7.03.

 

The Seller shall forward
to the Purchaser, or its designee, original documents evidencing an assumption, modification, consolidation or extension of any
Mortgage Loan entered into within one week of their execution and shall also provide the original of any document submitted for
recordation or a copy of such document certified by the appropriate public recording office to be a true and complete copy of the
original within five (5) days of its return from the appropriate public recording office.

 

Subsection
6.04.         Helping Families Act Notice.

 

Within thirty (30)
days following the Closing Date in respect of a Mortgage Loan, the Seller shall furnish to the borrower of such Mortgage Loan the
notice required by, and in accordance with, Section 404 of the Helping Families Act. In addition, in connection with any Securitization
Transaction with respect to any of the Mortgage Loans, the Seller shall furnish to each related borrower, within thirty (30) days
following the closing date with respect to such Securitization Transaction, a notice with respect to such assignment substantially
in the form of Exhibit 8 attached hereto (using information provided to Seller by Purchaser), which notice shall identify the Securitization
Transaction trust as the new owner of the Mortgage Loan and include any other information required by the Helping Families Act.

 

SECTION
7. Representations, Warranties and Covenants; Remedies for Breach.

 

Subsection
7.01.         Representations and Warranties Regarding Individual Mortgage
Loans.

 

The Seller and, solely
as specified below, the Servicer, hereby represent and warrant to the Purchaser that, as to each Mortgage Loan, as of the related
Closing Date or such other date specified herein:

 

(a)          Property
Valuation: Each Mortgage File contains a written appraisal prepared by an appraiser licensed or certified by the applicable
governmental body in which the mortgaged property is located and in accordance with the requirements of Title XI of FIRREA. The
appraisal was written, in form and substance, to (i) customary Fannie Mae or Freddie Mac standards for mortgage loans of the same
type as such Mortgage Loans and (ii) USPAP standards, and satisfies applicable legal and regulatory requirements. The appraisal
was made and signed prior to the final approval of the Mortgage Loan application. The person performing any property valuation
(including an appraiser) received no benefit from, and such person's compensation or flow of business from the originator was not
affected by, the approval or disapproval of the Mortgage Loan. The selection of the person performing the property valuation was
made independently of the broker (where applicable) and the originator's loan sales and loan production personnel. The selection
of the appraiser met the criteria of Fannie Mae and Freddie Mac for selecting an independent appraiser.

 

    	14

    	 

    

 

(b)          Income/Employment/Assets:
With respect to each Mortgage Loan the originator verified the borrower's income, employment, and assets in accordance with its
written Underwriting Guidelines and employed procedures designed to authenticate the documentation supporting such income, employment,
and assets.

 

(c)          Occupancy:
The originator has given due consideration to factors, including but not limited to, other real estate owned by the borrower, commuting
distance to work, appraiser comments and notes, the location of the property and any difference between the mailing address active
in the servicing system and the subject property address to evaluate whether the occupancy status of the property as represented
by the borrower is reasonable. All owner occupied properties are occupied by the owner as of the Closing Date.

 

(d)          Data:
The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the
Purchaser, is complete, true and correct in all material respects. The information on the Mortgage Loan Schedule and the information
provided are consistent with the contents of the originator's and the Seller’s records and the Mortgage File. Any seller
or builder concession has been subtracted from the appraised value of the mortgaged property for purposes of determining the LTV
and CLTV. Except for information specified to be as of the origination date of the Mortgage Loan, the Mortgage Loan Schedule contains
the most current information possessed by the originator and the Seller. No appraisal or other property valuation referred to or
used to determine any data listed on the Mortgage Loan Schedule was more than 3 months old at the time of the Mortgage Loan closing.

 

(e)  
        Fraud: No fraud; material misrepresentation, error or omission;
negligence or similar occurrence has taken place in connection with the origination or servicing of the Mortgage Loan on the
part of (1) the originator, (2) the borrower, (3) any mortgage broker or correspondent, (4) any appraiser, escrow agent,
closing attorney, title company or other party involved in the origination of the Mortgage Loan or in the application for any
insurance in relation to such Mortgage Loan or (5) the Servicer.

 

(f)           Underwriting:
Each Mortgage Loan either (i) was underwritten in conformance with the originator's Underwriting Guidelines in effect at the time
of origination without regard to any underwriter discretion or (ii) if not underwritten in conformance with the originator's guidelines,
has reasonable and documented compensating factors. The methodology used in underwriting the extension of credit for the Mortgage
Loan includes objective mathematical principles that relate to the relationship between the borrower's income, assets and liabilities
and the proposed payment. The credit score used in applying the originator's Underwriting Guidelines was the Credit Score.

 

(g)          Mortgage
Insurance: Except as indicated for pledged asset loans, if a Mortgage Loan has an LTV greater than 80%, the Mortgage Loan has
mortgage insurance in accordance with the terms of the Fannie Mae Guide or the Freddie Mac Guide and is insured as to payment defaults
by a Primary Mortgage Insurance Policy issued by a Qualified Insurer. All provisions of such Primary Mortgage Insurance Policy
have been and are being complied with, such policy is in full force and effect and all premiums due thereunder have been paid.
No action, inaction or event has occurred and no state of facts exists that has, or will result in the exclusion from, denial of,
or defense to coverage. Any Mortgage Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to
maintain the Primary Mortgage Insurance Policy and to pay all premiums and charges in connection therewith. To the extent a Mortgage
Loan is insured under an LPMI policy, the Mortgage Interest Rate for the Mortgage Loan as set forth on the related Mortgage Loan
Schedule is net of any such premium.

 

    	15

    	 

    

 

(h)          Regulatory
Compliance: Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending,
real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, or disclosure laws applicable
to the Mortgage Loan have been complied with in all material respects. The servicing of each Mortgage Loan prior to the related
Closing Date complied in all material respects with all then-applicable federal, state and local laws. No Mortgage Loan is a “high
cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law,
and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard
& Poor's Anti-Predatory Lending Law Update Table, included in the then-current Standard & Poor's LEVELS® Glossary of
Terms on Appendix E). No Mortgage Loan secured by property located in the State of Georgia was originated on or after October 1,
2002 and prior to March 7, 2003. No Mortgage Loan originated on or after March 7, 2003 is a “high cost home loan” as
defined under the Georgia Fair Lending Act. No borrower was encouraged or required to select a loan product offered by an originator
that was a higher cost product designed for less-creditworthy borrowers, unless at the time of the Mortgage Loan's origination,
such borrower did not qualify, taking into account credit history and debt-to-income ratios, for a lower cost credit product then
offered by such originator or any affiliate of such originator. There does not exist on the related Mortgaged Property any hazardous
substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation
and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation
including, without limitation, asbestos. There is no pending action or proceeding directly involving the Mortgaged Property in
which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule
or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements
of each such law, rule or regulation constituting a prerequisite to use and enjoyment of such Mortgaged Property. The Seller has
complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001
(collectively, the “Anti-Money Laundering Laws”); the Seller has established an anti-money laundering compliance program
as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of
each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor
and the origin of the assets used by said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient
information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. Any breach of any representations
made in this clause (h) shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase
of the affected Mortgage Loan to the extent such breach is not cured as set forth in Section 7.03(a).

 

    	16

    	 

    

 

(i)           Borrower:
As of the related Closing Date, the Mortgagor is not in bankruptcy and is not insolvent and no circumstances or conditions exist
with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be
expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent
or materially adversely affect the value or marketability of the Mortgage Loan. The Mortgagor is either (1) a natural person who
is legally permitted to reside in the United States, (2) an inter-vivos trust acceptable to Fannie Mae or (3) a borrower with respect
to a Mortgage Loan that is subject to a personal guaranty. No borrower had a prior bankruptcy in the last seven years. No borrower
previously owned a property in the last seven years that was the subject of a foreclosure during the time the borrower was the
owner of record.

 

(j)           Source
of Loan Payments: No loan payment has been escrowed as part of the loan proceeds on behalf of the borrower. No payments due
and payable under the terms of the Mortgage Note and Mortgage or deed of trust, except for seller or builder concessions, have
been paid by any person who was involved in, or benefited from, the sale or purchase of the Mortgaged Property or the origination,
refinancing, sale, purchase or servicing of the Mortgage Loan other than the borrower.

 

(k)          Down
Payment: The borrower has contributed at least 5% of the Purchase Price with his/her own funds.

 

(l)           No
Prior Liens: The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note,
and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by
the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain the Mortgage File in trust for
the Purchaser. Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and
the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay
and was able to pay its debts as they would generally mature. Immediately prior to the transfer and assignment to the Purchaser
on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment
or pledge, and the Seller had good and marketable title to and was the sole owner thereof and had full right to transfer and sell
the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest.
The Seller has the full right and authority subject to no interest or participation of, or agreement with, any other party, to
sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own
such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest.
The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan, except for purposes of servicing
the Mortgage Loan as set forth in this Agreement.

 

    	17

    	 

    

 

(m)          Enforceability
and Priority of Lien: The related Mortgage is a valid, subsisting, enforceable and perfected first lien on the Mortgaged Property,
including all buildings on the Mortgaged Property, and all installations and mechanical, electrical, plumbing, heating and air
conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to
the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence
of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances
having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes
and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters
of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and which do not
adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal and (3) 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
the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. Any security agreement, chattel mortgage
or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting,
enforceable and perfected first lien and first priority security interest on the property described therein, and the Seller has
the full right to sell and assign the same to the Purchaser. There are no mechanics' or similar liens or claims which have been
filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related
Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage. The related original Mortgage
has been recorded or is in the process of being recorded.

 

(n)          Complete
Mortgage Files: Except as provided in Section 6.03, the Mortgage Note, the Mortgage, the Assignment of Mortgage and the other
Mortgage Loan Documents set forth in Exhibit 2 and required to be delivered on the related Closing Date have been delivered to
the Purchaser or its designee in compliance with the specific requirements of this Agreement. With respect to each Mortgage Loan,
the Seller is in possession of a complete Mortgage File including all documents used in the qualification of the borrower except
for such documents as have been delivered to the Purchaser or its designee. In the event the Mortgage is a deed of trust, a trustee,
authorized and duly qualified under Applicable Law to serve as such, has been properly designated, is named in the Mortgage and
currently so serves, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust,
except in connection with a trustee's sale after default by the borrower.

 

(o)          No
Modifications: The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any material
respect, except by a written instrument that, if required by Applicable Law, has been recorded or is in the process of being recorded.
The substance of any such waiver, alteration or modification has been approved by the issuer of any related Primary Mortgage Insurance
Policy and title insurance policy, to the extent required by such policies, the terms of such waiver, alteration or modification
have been reflected in the Mortgage Loan Schedule and the written instrument reflecting such terms has been included in the Mortgage
File. No Mortgagor has been released, in whole or in part, from the terms of the Mortgage Note and the Mortgage, except in connection
with an assumption agreement which is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan
Schedule. The Mortgage has not been satisfied, canceled or subordinated, in whole or in part, or rescinded, and the Mortgaged Property
has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect
any such release, cancellation, subordination or rescission. The Seller has not waived the performance by the Mortgagor of any
action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Seller waived
any default resulting from any action or inaction by the Mortgagor.

 

    	18

    	 

    

 

(p)           Taxes
Paid: All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground
rents which previously became due and owing have been paid by the borrower, or escrow funds from the borrower have been established
in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due
and payable.

 

(q)           No
Damage/Condemnation: Each Mortgaged Property is undamaged by waste, fire, hurricane, earthquake or earth movement, windstorm,
flood, tornado or other casualty adversely affecting the value of a Mortgaged Property or the use for which the premises were intended,
and each Mortgaged Property is in substantially the same condition it was at the time the most recent Appraised Value was obtained.
There is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property.

 

(r)            Fee
Simple Estate / No Encroachments / Compliance with Zoning: The Mortgage creates a first lien or a first priority ownership
interest in the Mortgaged Property securing the related Mortgage Note. All improvements subject to the Mortgage which were considered
in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of
the Mortgaged Property (and wholly within the project with respect to a condominium unit), no improvements on adjoining properties
encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause
(v) below and all improvements on the property comply with all applicable building, zoning and subdivision laws, regulations and
ordinances.

 

(s)           Legally
Occupied: As of the related Closing Date, the Mortgaged Property is lawfully occupied under Applicable Law, and 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.

 

(t)            Mortgage
Loan Legal and Binding: The Mortgage Note, the Mortgage, any intervening assignments of the Mortgage and other agreements executed
in connection therewith are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable
in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general
application affecting the rights of creditors and by general equitable principles. The Seller has taken all action necessary to
transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note, the Mortgage, any intervening assignments
of the Mortgage and other agreements executed in connection therewith, had the legal capacity to enter into the Mortgage Loan and
to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed
by such parties.

 

(u)           Proceeds
Fully Disbursed / Recording Fees Paid: The proceeds of the Mortgage Loan have been fully disbursed and 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. All costs, fees and expenses incurred in making or closing
the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled
to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

 

    	19

    	 

    

 

(v)         Existence
of Title Insurance: Each Mortgage Loan (except (1) any Mortgage Loan secured by a Mortgaged Property located in any jurisdiction
as to which an opinion of counsel of the type customarily rendered in such jurisdiction in lieu of title insurance is instead received
and (2) any Mortgage Loan secured by Cooperative Shares) is covered by an ALTA lender's title insurance policy or other form of
policy or insurance generally acceptable to Fannie Mae or Freddie Mac, issued by a title insurer acceptable to Fannie Mae or Freddie
Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions
contained in (m)(1), (2) and (3) above) the Seller, its successors and assigns, as to the first priority lien of the Mortgage in
the original principal amount of the Mortgage Loan. Additionally, such policy affirmatively insures ingress and egress to and from
the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose
the carrier of the required mortgage title insurance. The Seller, its successors and assigns, are the sole insureds of such lender's
title insurance policy; such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the
Purchaser of the Seller's interest therein does not require the consent of or notification to the insurer; and such lender's title
insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated
by this Agreement and the related PPTL. No claims have been made under such lender's title insurance policy, and no prior holder
of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's
title insurance policy. No originator, seller or prior owner of a mortgage loan or other Person has provided or received any unlawful
fee, commission, kickback, or other compensation or value of any kind in connection with the title insurance policy.

 

(w)          Hazard
Insurance: All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable
under the Fannie Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the
Fannie Mae Guides or by the Freddie Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum
insurable value of the improvements securing such Mortgage Loans and (ii) the greater of (a) the outstanding principal balance
of the Mortgage Loan and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the Mortgagee
from becoming a co-insurer. If the Mortgaged Property is a condominium unit, it is included under the coverage afforded by a blanket
policy for the project. If required by the FDPA, the Mortgage Loan is covered by a flood insurance policy meeting the requirements
of the current guidelines of the Federal Insurance Administration and conforming to Fannie Mae and Freddie Mac requirements, in
an amount not less than the amount required by the FDPA. Such policy was issued by an insurer acceptable under the Fannie Mae Guides
or the Freddie Mac Guides. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost
and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the
Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor. All such standard hazard and flood policies
are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Seller and its successors
in interest and assigns as loss payee; such clause is still in effect and all premiums due on any such policies have been paid
in full. No obligated party or borrower, or any other Person, has engaged in any act or omission that would impair the coverage
of any such insurance policy, the benefits of the endorsement provided for therein, or the validity and binding effect of either,
including, without limitation, the provision or receipt of any unlawful fee, commission, kickback, or other compensation or value
of any kind. No action, inaction, or event has occurred and no state of facts exists or has existed that has resulted or will result
in the exclusion from, denial of, or defense to coverage under any such insurance policies, regardless of the cause of such failure
of coverage.

 

    	20

    	 

    

 

(x)          No
Default: There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage
Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute
a default, breach, violation or event permitting acceleration; and neither the Seller nor any prior mortgagee has waived any default,
breach, violation or event permitting acceleration. No foreclosure action is currently threatened or has been commenced with respect
to any Mortgaged Property.

 

(y)          No
Rescission: The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense,
including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage,
or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to
any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off,
counterclaim or defense has been asserted with respect thereto. The Mortgagor was not a debtor at the time of origination of the
Mortgage Loan and is not currently a debtor in any state or federal bankruptcy or insolvency proceeding.

 

(z)          Enforceable
Right of Foreclosure: The Mortgage relating to a Mortgaged Property contains customary and enforceable provisions such as to
render the rights and remedies of the holder thereof adequate for the realization against such Mortgaged Property of the benefits
of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with
the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose on the Mortgage.

 

(aa)         Mortgaged
Property is 1-4 Family: The Mortgaged Property consists of a single parcel of real property with a detached single family residence
erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project,
or an individual unit in a planned unit development or a de minimis planned unit development or, in the case of a Cooperative Loan,
consists of the related Cooperative Unit; provided, however, that no residence or dwelling is a mobile or manufactured
home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date
of origination no portion of the Mortgaged Property has been used for commercial purposes.

 

(bb)         Mortgage
Loan Qualifies for REMIC: Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury
Regulations Section 1.860G-2(a)(l).

 

(cc)         Lost
Note Affidavit: With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that
the original Mortgage Note is no longer in existence, if such Mortgage Loan is subsequently in default, the enforcement of such
Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note;

 

    	21

    	 

    

 

(dd)         Doing
Business: All parties which have had any interest in the Mortgage, whether as Mortgagee, assignee, pledgee or otherwise, are
(or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing
requirements of the laws of the state wherein the Mortgaged Property is located and (B) (1) organized under the laws of such state,
(2) qualified to do business in such state, (3) a federal savings and loan association, a national bank, a Federal Home Loan Bank
or a savings bank having principal offices in such state or (4) not doing business in such state.

 

(ee)         Loans
Current / Prior Delinquencies: All payments due on a Mortgage Loan on or prior to the related Closing Date have been made as
of the related Closing Date, such Mortgage Loan is not delinquent in payment by more than thirty (30) days and no payment with
respect to such Mortgage Loan has been delinquent during the preceding twelve-month period; no payment made on such Mortgage Loan
has been dishonored; there are no material defaults under the terms of such Mortgage Loan; and neither the Seller nor any other
party has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of
the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage
Loan.

 

(ff)     
    [Reserved.]

 

(gg)        Acceleration
of Payments: The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the
acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without
the prior consent of the Mortgagee thereunder.

 

(hh)         [Reserved.]

 

(ii)          Leasehold Interest Representation And Warranty: To the extent the
Mortgage Loan is secured by a leasehold interest: (1) the borrower is the owner of a valid and subsisting interest as tenant
under the lease and is not in default thereunder, (2) the lease is in full force and effect, and is unmodified, (3) all rents
and other charges have been paid when due, (4) the lessor under the lease is not in default, (5) the execution, delivery, and
performance of the Mortgage do not require the consent (other than the consents that have been obtained and are in full force
and effect) under, and will not violate or cause a default under, the terms of the lease, (6) the lease is assignable or
transferable, (7) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage
Note, (8) the lease does not provide for termination of the lease in the event of the borrower's default without written
notice to the Mortgagee and a reasonable opportunity to cure the default, (9) the lease permits the mortgaging of the related
Mortgaged Property and (10) the lease protects the Mortgagee's interests in the event of a property condemnation.

 

(jj)           Sole
Collateral: With respect to any Mortgage Loan that is not a Cooperative Loan, as of the related Closing Date, the Mortgage
Note is not and has not been secured by any collateral other than the lien of the corresponding Mortgage and the security interest
of any applicable security agreement or chattel mortgage referred to in clause (m) above, and such collateral does not serve as
security for any other obligation.

 

    	22

    	 

    

 

(kk)         Full
Disclosure: The Mortgagor has executed a statement to the effect that the Mortgagor has received all disclosure materials required
by Applicable Law with respect to the making of fixed rate or adjustable rate mortgage loans, as applicable.

 

(ll)          No
Graduated Payments: The Mortgage Loan does not contain “graduated payment” features, does not have a shared appreciation
or other contingent interest feature and does not contain any buydown provisions.

 

(mm)       No
Negative Amortization Loans, All 30 Year Mortgages: The Mortgage Loans have an original term to maturity of not more than 30
years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is
sufficient to fully amortize the original principal balance over the original term thereof (except in the case of interest only
loans) and to pay interest at the related Mortgage Interest Rate. No Mortgage Loan contains terms or provisions which would result
in negative amortization.

 

(nn)         Recordable:
As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for
recording under the laws of the jurisdiction in which the Mortgaged Property is located.

 

(oo)        Payment
Terms: Payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with
the Mortgage Loan. The Mortgage Note is payable on the first day of each month in equal monthly installments of principal and interest
(if not an interest only loan), with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully
by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.

 

(pp)         [Reserved.]

 

(qq)         Servicemembers’
Civil Relief Act: The Mortgagor has not notified the Seller that it is requesting relief under the Servicemembers' Civil Relief
Act, and the Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers' Civil Relief
Act.

 

(rr)          Construction:
As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status and no trade-in or exchange of a
Mortgaged Property has been facilitated.

 

(ss)         Qualified
Lender: The Mortgage Loan was originated by a savings and loan association, a savings bank, a commercial bank, credit union,
insurance company or similar institution supervised and examined by a federal or state authority.

 

(tt)          No
Ground Leases: No Mortgaged Property is subject to a ground lease.

 

(uu)        No
Additional Fees: With respect to any broker fees collected and paid on any of the Mortgage Loans, all such fees have been properly
assessed to the Mortgagor and no claims will arise as to such fees that are double charged and for which the Mortgagor would be
entitled to reimbursement.

 

    	23

    	 

    

 

(vv)         Home
Ownership and Equity Protection Act 1994: None of the Mortgage Loans are subject to the Home Ownership and Equity Protection
Act of 1994 or any comparable state law.

 

(ww)       No
Single Credit Insurance: None of the proceeds of the Mortgage Loan were used to finance single premium credit insurance policies.

 

(xx)         Principal
Advances: Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding
principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single
repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority
by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence
acceptable to Fannie Mae and Freddie Mac. The consolidated principal amount does not exceed the original principal amount of the
Mortgage Loan.

 

(yy)        Interest
Calculation: Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months.

 

(zz)         No
Balloon Loans: No Mortgage Loan is a Balloon Mortgage Loan.

 

(aaa)       MERS
Loans: With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the
Mortgage Loan Schedule. The related Assignment of Mortgage to MERS has been duly and properly recorded. With respect to each MERS
Mortgage Loan, the Seller has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such
notices have been electronically posted by MERS.

 

(bbb)      Credit
Reporting: With respect to each Mortgage Loan which has been (or becomes) delinquent 30 days or more at least once since origination,
the Seller has fully and accurately furnished complete (favorable or unfavorable) information on the related borrower credit files
to Equifax, Experian and Trans Union Credit Information in accordance with the Fair Credit Reporting Act and its implementing regulations.

 

Subsection
7.02.         Seller and Servicer Representations.

 

The Seller and the
Servicer hereby represent and warrant to the Purchaser that, as to itself as of the related Closing Date:

 

(a)          It
is a California corporation, duly organized, validly existing, and in good standing under the laws of the United States and has
all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states
where the Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business
of the type conducted by it. It is an approved seller/servicer in good standing of conventional residential mortgage loans for
Fannie Mae or Freddie Mac. It has corporate power and authority to execute and deliver this Agreement and to perform in accordance
herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant
to this Agreement) by it and the consummation of the transactions contemplated hereby have been duly and validly authorized. This
Agreement, assuming due authorization, execution and delivery by the Purchaser, evidences the legal, valid, binding and enforceable
obligation of it, subject to Applicable Law except as enforceability may be limited by (i) bankruptcy, insolvency, liquidation,
receivership, moratorium, reorganization or other similar laws affecting the enforcement of the rights of creditors and (ii) general
principles of equity, whether enforcement is sought in a proceeding in equity or at law. All requisite corporate action has been
taken by it to make this Agreement valid and binding upon it in accordance with the terms of this Agreement.

 

    	24

    	 

    

 

(b)          No
consent, approval, authorization or order is required for the transactions contemplated by this Agreement from any court, governmental
agency or body, or federal or state regulatory authority having jurisdiction over it or, if required, such consent, approval, authorization
or order has been or will, prior to the related Closing Date, be obtained.

 

(c)          The
consummation of the transactions contemplated by this Agreement are in its ordinary course of business and will not result in the
breach of any term or provision of its articles of association or by-laws or result in the breach of any term or provision of,
or conflict with or constitute a default under or result in the acceleration of any obligation under, any agreement, indenture
or loan or credit agreement or other instrument to which it or its property is subject, or result in the violation of any law,
rule, regulation, order, judgment or decree to which it or its property is subject.

 

(d)          Its
transfer, assignment and conveyance of the Mortgage Notes and the Mortgages pursuant to this Agreement are not subject to the bulk
transfer or any similar statutory provisions in effect in any applicable jurisdiction.

 

(e)          There
is no action, suit, proceeding or investigation pending or, to its best knowledge, threatened against it which, either individually
or in the aggregate, would result in any material adverse change in its business, operations, financial condition, properties or
assets, or in any material impairment of its right or ability to carry on its business substantially as now conducted or which
would draw into question the validity of this Agreement or the Mortgage Loans or of any action taken or to be taken in connection
with its obligations contemplated herein, or which would materially impair its ability to perform under the terms of this Agreement.

 

(f)          The
Seller is not in material default under any agreement, contract, instrument or indenture to which the Seller is a party or by which
it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Seller to perform
under this Agreement, nor has any event occurred which, with the giving of notice, the lapse of time or both, would constitute
a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the
Seller to perform its obligations under this Agreement.

 

(g)          It
does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in
this Agreement.

 

    	25

    	 

    

 

(h)           It
acknowledges and agrees that the Servicing Fee shall be treated by the Servicer, for accounting and tax purposes, as compensation
for the servicing and administration of the Mortgage Loans pursuant to this Agreement.

 

(i)            It
has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting
and tax purposes.

 

(j)            It
is solvent and the sale of the Mortgage Loans will not cause it to become insolvent. The sale of the Mortgage Loans is not undertaken
with the intent to hinder, delay or defraud any of its creditors.

 

(k)           It
has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation
in connection with the sale of the Mortgage Loans.

 

(l)            Neither
this Agreement nor any statement, report or other agreement, document or instrument furnished or to be furnished pursuant to this
Agreement contains any materially untrue statement of fact or omits to state a fact necessary to make the statements contained
therein not misleading.

 

Subsection
7.03.         Repurchase; Substitution.

 

(a)           It
is understood and agreed that the representations and warranties set forth in Sections 7.01 and 7.02 shall survive the sale of
the Mortgage Loans and delivery of the Mortgage File to the Purchaser, or its designee, and shall inure to the benefit of the Purchaser,
notwithstanding any restrictive or qualified endorsement on any Mortgage Note or Assignment or the examination, or lack of examination,
of any Mortgage Loan Document. Upon discovery by the Seller, the Servicer or the Purchaser of a breach of any of the foregoing
representations and warranties which materially and adversely affects the value of the Mortgage Loans or the interest of the Purchaser
in the Mortgage Loans (or which materially and adversely affects the value of a particular Mortgage Loan or the interest of the
Purchaser in a particular Mortgage Loan in the case of a representation and warranty relating to such particular Mortgage Loan),
the party discovering such breach shall give prompt written notice to the other. A breach of representations and warranties in
Sections 7.01(h), (bb), and (vv) shall be deemed to materially and adversely affect the value of the related Mortgage Loan or the
interest of the Purchaser in any Mortgage Loan. The Seller shall have a period of sixty (60) days from the earlier of its discovery
or its receipt of notice of any such breach within which to correct or cure such breach. The Seller hereby covenants and agrees
that if any such breach is not corrected or cured within such sixty (60) day period, the Seller shall, at the Purchaser’s
option, (i) repurchase such Mortgage Loan at the Repurchase Price, (ii) substitute a mortgage loan for the defective Mortgage Loan
as provided below or (iii) except for a breach of the representation and warranty in Section 7.01(bb), make an indemnification
payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach, such payment to be made
in the manner set forth above in respect of the Purchase Price of a repurchased Mortgage Loan. In the event that any such breach
shall involve any representation or warranty set forth in Section 7.02, and such breach is not cured within sixty (60) days of
the earlier of either discovery by or notice to the Seller of such breach, all Mortgage Loans shall, at the option of the Purchaser,
be repurchased by the Seller at the Repurchase Price. Any such repurchase shall be accomplished by transfer of the amount of the
Repurchase Price to the Custodial Account.

 

    	26

    	 

    

 

(b)          If
the Seller is required to repurchase any Mortgage Loan pursuant to this Subsection 7.03 as a result of a breach of any of
the representations and warranties set forth in Subsection 7.01, the Seller may, with the Purchaser’s prior consent,
within two (2) years from the related Closing Date, remove such defective Mortgage Loan from the terms of this Agreement and substitute
another mortgage loan for such defective Mortgage Loan, in lieu of repurchasing such defective Mortgage Loan. Any Substitute Mortgage
Loan shall (a) have a principal balance at the time of substitution not in excess of the principal balance of the Deleted Mortgage
Loan (the amount of any difference, plus one month’s interest thereon at the Mortgage Loan Remittance Rate borne by the Deleted
Mortgage Loan, being paid by the Seller and deemed to be a Principal Prepayment to an account designated by the Purchaser), (b)
have a Mortgage Interest Rate not less than, and not more than one percentage point greater than, the Mortgage Interest Rate of
the Deleted Mortgage Loan, (c) have a remaining term to stated maturity not later than, and not more than one year less than, the
remaining term to stated maturity of the Deleted Mortgage Loan, (d) be, in the reasonable determination of the Purchaser, of the
same type, quality and character (including location of the Mortgaged Property) as the Deleted Mortgage Loan as if the breach had
not occurred, (e) have a Loan-to-Value Ratio at origination no greater than that of the Deleted Mortgage Loan, (f) have the same
lien priority as that of the Deleted Mortgage Loan and (g) be, in the reasonable determination of the Purchaser, in material compliance
with the representations and warranties contained in this Agreement and described in Subsection 7.01 as of the date of substitution.

 

(c)          The
Seller shall amend the related Mortgage Loan Schedule to reflect the withdrawal of the Deleted Mortgage Loan from this Agreement
and the substitution of such substitute Mortgage Loan therefor. Upon such amendment, the Purchaser shall review the Mortgage File
delivered to it relating to the substitute Mortgage Loan. The Monthly Payment on a substitute Mortgage Loan due on the Due Date
in the month of substitution shall be the property of the Seller and the Monthly Payment on the Deleted Mortgage Loan for which
the substitution is made due on such date shall be the property of the Purchaser.

 

(d)          In
addition to such cure, repurchase and substitution obligation, the Seller shall indemnify the Purchaser and hold it harmless against
any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other
costs and expenses resulting from any claim, demand, defense or assertion based on or grounded upon, or resulting from, a breach
of the Seller’s representations and warranties contained in Subsection 7.01 or 7.02. The Purchaser promptly shall notify
the Seller if a claim is made by a third party with respect to a breach of the Seller’s representations and warranties contained
in Subsections 7.01 or 7.02 and the Seller shall assume (with the prior written consent of the Purchaser) the defense of any such
claim and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment
or decree which may be entered against it or the Purchaser in respect of such claim. The Seller shall follow any written instructions
received from the Purchaser in connection with such claim. In addition, the Seller shall promptly pay or reimburse the Purchaser
for any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other
costs and expenses related to any such claim as such amounts are incurred by the Purchaser upon receipt of written notice from
the Purchaser. For purposes of this paragraph, “Purchaser” shall mean the Person then acting as the Purchaser under
this Agreement and any and all Persons who previously were “Purchasers” under this Agreement.

 

    	27

    	 

    

 

It is understood
and agreed that the obligations of the Seller set forth in this Subsection 7.03 to cure, repurchase or substitute for a defective
Mortgage Loan, and to indemnify Purchaser pursuant to this Subsection 7.03, constitute the sole remedies of the Purchaser
respecting a breach of the foregoing representations and warranties. If the Seller agrees that a breach of a representation or
warranty set forth in Subsections 7.01 or 7.02 exists that materially and adversely affects the value of a particular Mortgage
Loan or the interest of the Purchaser in a particular Mortgage Loan, and the Seller fails to cure, repurchase or substitute for
the defective Mortgage Loan accordance with this Subsection 7.03 or to indemnify Purchaser pursuant to this Subsection 7.03,
that failure shall be an Event of Default and the Purchaser shall be entitled to pursue all available remedies. No provision of
this paragraph shall affect the rights of the Purchaser to terminate this Agreement for cause, as set forth in Subsections 13.01
and 14.01.

 

(e)          Any
cause of action against the Seller or the Servicer, as applicable, relating to or arising out of the breach of any representations
and warranties made in Subsections 7.01 and 7.02 shall accrue as to any Mortgage Loan upon (i) notice thereof by the Purchaser
to the Seller or the Servicer, as applicable, (ii) failure by the Seller or the Servicer, as applicable, to cure such breach or
repurchase such Mortgage Loan as specified above, and (iii) demand upon the Seller or the Servicer, as applicable, by the Purchaser
for compliance with this Agreement.

 

(f)          In
the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, with respect to
any Mortgage Loan that is not in default or as to which no default is imminent, Purchaser may, in connection with any repurchase
or substitution of a defective Mortgage Loan pursuant to this Subsection 7.03, require that the Seller deliver, at the Seller’s
expense, an Opinion of Counsel to the effect that such repurchase or substitution will not (i) result in the imposition of taxes
on “prohibited transactions” of such REMIC (as defined in Section 860F of the Code) or otherwise subject the REMIC
to tax, or (ii) cause the REMIC to fail to qualify as a REMIC at any time.

 

(g)          With
respect to any Mortgage Loan listed as having mortgage insurance on the Mortgage Loan Schedule, regardless of whether the insurance
is borrower paid or lender paid, if the mortgage insurer rejects, denies, or rescinds a claim on the basis of any defect in connection
with the origination of the Mortgage Loan or the servicing of the Mortgage Loan prior to the Closing Date (a “mortgage insurer
rejection”), other than as a result of the mortgage insurer’s breach of its obligations or as a result of the mortgage
insurer's insolvency, the Seller shall either repurchase such Mortgage Loan at the Repurchase Price or pay the Trust the amount
of such claim within thirty (30) days from the date of such mortgage insurer rejection.

 

(h)          The
parties agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation
of the Seller to repurchase a Mortgage Loan due to a breach of a representation or warranty contained in Section 7.01 hereof shall
be by Arbitration.

 

    	28

    	 

    

 

If any allegation
of a breach of a representation or warranty made in Section 7.01 has not been resolved to the satisfaction of both the Purchaser
and the Seller, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with
respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with
respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following
month or as soon as practicable thereafter. To commence Arbitration, the moving party shall deliver written notice to the other
party that it has elected to pursue Arbitration in accordance with this Section 7.03(h), provided that if the Seller has not responded
to the Purchaser's notification of a breach of a representation and warranty, the Purchaser shall not commence Arbitration with
respect to that breach before 60 days following such notification in order to provide the Seller with an opportunity to respond
to such notification. Within 10 Business Days after a party has provided notice that it has elected to pursue Arbitration, each
party may submit the names of one or more proposed Arbitrators to the other party in writing. If the parties have not agreed on
the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration
shall, within the next 5 business days, notify the American Arbitration Association in New York, New York and request that it appoint
a single Arbitrator with experience in arbitrating disputes arising in the financial services industry.

 

It is the intention
of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable, without
the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence
between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other
in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause,
a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from
the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an
Arbitration shall be conducted by video conference or teleconference except upon the agreement of both parties or the request of
the Arbitrator.

 

The finding of the
Arbitrator shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced
in any court of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however,
shall bear its own attorneys’ fees and costs in connection with the Arbitration.

 

Subsection
7.04.         Repurchase of Mortgage Loans With Early Payment Default.

 

With respect to any
Mortgage Loan, if the related Mortgagor fails to make either the first (1st), second (2nd) or third (3rd)
Monthly Payment due after the Closing Date within thirty (30) days from when such Monthly Payment was due and such failure is solely
due to the fault of the Mortgagor and not to an administrative error by the Servicer, then, in any such case, the Seller shall,
within thirty (30) days of receipt of notice from the Purchaser, repurchase such Mortgage Loan from the Purchaser at the Repurchase
Price, which shall be paid as provided in Subsection 7.03 hereof.

 

Subsection
7.05.         Purchase Price Protection.

 

With respect to any
Mortgage Loan that prepays in full during the ninety (90) day period from and after the related Closing Date, the Seller shall
reimburse the Purchaser, within five (5) Business Days of notice of such prepayment in full, the excess of (i) the Purchase Price
for such Mortgage Loan and (ii) the outstanding principal balance of such Mortgage Loan as of the Cut-off Date.

 

SECTION
8. Closing.

 

Subsection
8.01.         Closing Conditions.

 

The closing for the
purchase and sale of each Mortgage Loan Package shall take place on the respective Closing Date. The closing shall be either by
telephone, confirmed by letter or wire as the parties hereto shall agree, or conducted in person, at such place as the parties
hereto shall agree.

 

    	29

    	 

    

 

The closing for each
Mortgage Loan Package shall be subject to the satisfaction of each of the following conditions:

 

(a)    
      the Purchaser shall have received, or the Purchaser's attorney shall have
received, in escrow, all closing documents as specified in Section 8.02, duly executed by all signatories other than the
Purchaser;

 

(b)          all
of the representations and warranties of the Seller under this Agreement shall be true and correct as of the related Closing Date
(or, with respect to Subsection 7.01, such other date specified therein) in all material respects and no default shall have
occurred hereunder which, with notice or the passage of time or both, would constitute an Event of Default hereunder;

 

(c)       
   the Purchaser shall have received from the custodian an initial certification with respect to its
receipt of the Mortgage Loan Documents for the related Mortgage Loans; and

 

(d)          all
other terms and conditions of this Agreement and the related PPTL to be satisfied by the Seller shall have been complied with in
all material respects.

 

Upon satisfaction of
the foregoing conditions, the Purchaser shall pay to the Seller on such Closing Date the Purchase Price for the related Mortgage
Loan Package, plus accrued interest pursuant to Section 4 of this Agreement.

 

Subsection
8.02.         Closing Documents.

 

(a)          On
or before the initial Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:

 

(i)          this
Agreement, in four counterparts;

 

(ii)         a
Custodial Account Letter Agreement;

 

(iii)        an
Escrow Account Letter Agreement; and

 

(b)          On
or before each Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:

 

(i)          the
related PPTL executed by the Seller and a funding memorandum setting forth the Purchase Price(s), and the accrued interest thereon,
for the Mortgage Loan Package;

 

(ii)         the
related Mortgage Loan Schedule and an electronic data file containing information on a loan-level basis; and

 

(iii)        a
certificate or other evidence of merger or change of name, signed or stamped by the applicable regulatory authority, if any of
the Mortgage Loans were acquired by the Seller by merger or acquired or originated by the Seller while conducting business under
a name other than its present name, if applicable.

 

    	30

    	 

    

 

SECTION
9. [Reserved.]

 

SECTION
10. Costs.

 

The Seller and the
Servicer shall pay any commissions due their salespeople and the legal fees and expenses of their attorneys. The Purchaser shall
pay the cost of delivering the Mortgage Files to the Purchaser or its designee, the cost of recording the Assignments of Mortgage,
any custodial fees incurred in connection with the release of any Mortgage Loan Documents as may be required by the servicing activities
hereunder and all other costs and expenses incurred in connection with the sale of the Mortgage Loans by the Seller to the Purchaser,
including without limitation the Purchaser’s attorneys’ fees. The Seller shall pay the cost of delivering the Mortgage
Loan Documents to the Purchaser or its designee for each related Closing Date.

 

SECTION
11. Administration and Servicing of Mortgage Loans.

 

Subsection
11.01.         Servicer to Act as Servicer; Subservicing.

 

Effective as of each
related Transfer Date, the Servicer, as an independent contractor, shall service and administer the Mortgage Loans on behalf of
the Purchaser and in the best interest of the Purchaser (as determined by the Servicer in its reasonable judgment) in accordance
with this Agreement, Customary Servicing Procedures, Applicable Laws and the terms of the Mortgage Notes and Mortgages, and shall
have full power and authority, acting alone or through subservicers or agents, to do or cause to be done any and all things in
connection with such servicing and administration which the Servicer may deem necessary or desirable and consistent with the terms
of this Agreement. The Servicer may perform its servicing responsibilities through agents or independent contractors, but shall
not thereby be released from any of its responsibilities hereunder. Notwithstanding anything to the contrary, the Servicer may
delegate any of its duties under this Agreement to one or more of its affiliates without regard to any of the requirements of this
section; provided, however, that the Servicer shall not be released from any of its responsibilities hereunder by
virtue of such delegation. The Mortgage Loans may be subserviced by one or more unaffiliated subservicers on behalf of the Servicer
provided each subservicer is a Fannie Mae approved seller/servicer or a Freddie Mac approved seller/servicer in good standing and
no event has occurred, including but not limited to a change in insurance coverage, that would make it unable to comply with the
eligibility requirements for seller/servicers imposed by Fannie Mae or Freddie Mac, or which would require notification to Fannie
Mae or Freddie Mac. The Servicer shall pay all fees and expenses of the subservicer from its own funds (provided that any such
expenditures that would constitute Servicing Advances if made by the Servicer hereunder shall be reimbursable to the Servicer as
Servicing Advances), and the subservicer’s fee shall not exceed the Servicing Fee.

 

At the cost and expense
of the Servicer, without any right of reimbursement from the Custodial Account, the Servicer shall be entitled to terminate the
rights and responsibilities of a subservicer and arrange for any servicing responsibilities to be performed by a successor subservicer
meeting the requirements in the preceding paragraph; provided, however, that nothing contained herein shall be deemed
to prevent or prohibit the Servicer, at the Servicer’s option, from electing to service the related Mortgage Loans itself.
If the Servicer’s responsibilities and duties under this Agreement are terminated and if requested to do so by the Purchaser,
the Servicer shall at its own cost and expense terminate the rights and responsibilities of the subservicer as soon as is reasonably
possible. The Servicer shall pay all fees, expenses or penalties necessary in order to terminate the rights and responsibilities
of the subservicer from the Servicer’s own funds without reimbursement from the Purchaser.

 

The Servicer shall
be entitled to enter into an agreement with the subservicer for indemnification of the Servicer by the subservicer and nothing
contained in this Agreement shall be deemed to limit or modify such indemnification.

 

Any subservicing agreement
and any other transactions or services relating to the Mortgage Loans involving the subservicer shall be deemed to be between the
subservicer and Servicer alone, and the Purchaser shall have no obligations, duties or liabilities with respect to the subservicer
including any obligation, duty or liability to pay the subservicer’s fees and expenses. For purposes of distributions and
advances by the Servicer pursuant to this Agreement, the Servicer shall be deemed to have received a payment on a Mortgage Loan
when the subservicer has received such payment. The Servicer shall not make any amendment to any agreement with a subservicer if
such amendment is not consistent with or violates the provisions of this Agreement, or if such amendment could be reasonably expected
to be materially adverse to the interests of the Purchaser.

 

    	31

    	 

    

 

Consistent with the
terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer
may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term
or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any
payment plan or agreement to modify payments with a Mortgagor lasting more than six (6) months or permit any modification with
respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial Rate
Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of
arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity
date with respect to such Mortgage Loan, or accept substitute or additional collateral or release any collateral for such Mortgage
Loan, unless (1) the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer,
imminent, (2) the modification is in accordance with the customary procedures of the Servicer, which may change from time to time,
or industry-accepted programs, and (3) the Purchaser has approved such action. Additionally, the Servicer shall not accept any
deed-in-lieu of, short pay-off, or sale of any Mortgaged Property, in which the sale proceeds are less than the unpaid principal
balance of the related Mortgage Loan unless the Purchaser has approved such action. Further, the Servicer shall not defer or forgive
the payment of any principal or interest or change the outstanding principal amount (except to reflect actual payments of principal)
unless the Purchaser has approved such action. Any capitalization of arrearages of interest, fees and expenses in excess of 10%
of the outstanding unpaid principal balance of the related Mortgage Loan immediately prior to the capitalization shall be made
only after the Servicer has received the express written consent of the Purchaser. Without limiting the generality of the foregoing,
the Servicer in its own name or acting through subservicers or agents is hereby authorized and empowered by the Purchaser when
the Servicer believes it appropriate and reasonable in its best judgment, to execute and deliver, on behalf of itself or the Purchaser,
all instruments of satisfaction or cancellation, or of partial or full release and discharge, and all other comparable instruments,
with respect to the Mortgage Loans and the Mortgaged Properties and to institute foreclosure proceedings or obtain a deed-in-lieu
of foreclosure so as to convert the ownership of such properties, and to hold or cause to be held title to such properties, on
behalf of the Purchaser pursuant to the provisions of Subsection 11.13. Notwithstanding anything to the contrary in this Agreement,
the Servicer shall not make or permit any modification, waiver or amendment of any term of a Mortgage Loan that could cause any
REMIC holding such Mortgage Loan to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or
860G(d) of the Code on any REMIC holding such Mortgage Loan.

 

The Purchaser shall
furnish to the Servicer, upon request, any powers of attorney and other documents reasonably necessary or appropriate to enable
the Servicer to carry out its servicing and administrative duties under this Agreement.

 

Whether in connection
with the foreclosure of a Mortgage Loan or otherwise, the Servicer shall from its own funds make all necessary and proper Servicing
Advances; provided, however, that the Servicer is not required to make a Servicing Advance unless the Servicer determines
in the exercise of its good faith judgment that such Servicing Advance would ultimately be recoverable from Liquidation Proceeds,
REO Disposition Proceeds, Insurance Proceeds or Condemnation Proceeds of the related Mortgaged Property (with respect to each of
which the Servicer shall have the priority described in Subsection 11.05 for purposes of withdrawals from the Custodial Account).
Any Servicing Advance that would cause the amount of unreimbursed Servicing Advances for a particular Mortgage Loan to exceed $15,000
shall be made only after notification of the Purchaser.

 

Notwithstanding anything
to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event
the Servicer has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes,
or if the Purchaser otherwise requests an environmental inspection or review of such Mortgaged Property, such an inspection or
review is to be conducted by a qualified inspector at the Purchaser’s expense. Upon completion of the inspection, the Servicer
shall promptly provide the Purchaser with a written report of the environmental inspection. In the event (a) the environmental
inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (b) the
Purchaser directs the Servicer to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be
reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related
environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient
fully to reimburse the Servicer, the Servicer shall be entitled to be reimbursed from amounts in the Custodial Account pursuant
to Subsection 11.05 hereof. In the event the Purchaser directs the Servicer not to proceed with foreclosure or acceptance
of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all Servicing Advances made with respect to the related
Mortgaged Property from the Custodial Account pursuant to Subsection 11.05 hereof.

 

    	32

    	 

    

 

Subsection
11.02.         Liquidation of Mortgage Loans.

 

In the event that any
payment due under any Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform
any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Servicer
shall take such action as it shall deem to be in the best interest of the Purchaser. In the event that any payment due under any
Mortgage Loan remains delinquent for a period of forty-five (45) days, the Servicer shall order an inspection of the related Mortgaged
Property and if the Mortgage Loan remains delinquent for a period of ninety (90) days or more, the Servicer shall commence foreclosure
proceedings in accordance with Customary Servicing Procedures and the guidelines set forth by Fannie Mae, Freddie Mac or the FHFA,
as applicable. In such connection, the Servicer shall from its own funds make all necessary and proper Servicing Advances. The
Servicer shall take appropriate measures to ensure the accuracy of all documents filed or otherwise utilized by the Servicer or
its vendors or subcontractors in any judicial or non-judicial foreclosure proceeding, related bankruptcy proceeding or in other
foreclosure-related litigation, including but not limited to, documentation sufficient to establish ownership of the Mortgage Loan
by the Purchaser and the right to foreclose at the time the foreclosure action is commenced. In connection with any foreclosure
proceeding, the Servicer shall comply with Applicable Law and any regulatory orders, directives or guidance applicable to the Servicer.
If the portion of any Liquidation Proceeds allocable as a recovery of interest on a related Mortgage Loan is less than the full
amount of accrued and unpaid interest on such Mortgage Loan as of the date such proceeds are received, then the applicable Servicing
Fees with respect to such Mortgage Loan shall be paid first and any amounts remaining thereafter shall be distributed to the Purchaser.
Upon liquidation of any Mortgage Loan, the Servicer shall provide written notice thereof to the custodian appointed by the Purchaser.

 

Subsection
11.03.         Collection of Mortgage Loan Payments.

 

Continuously from the
date hereof until the principal and interest on all Mortgage Loans are paid in full, the Servicer will proceed diligently, in accordance
with this Agreement, to collect all payments due under each of the Mortgage Loans when the same shall become due and payable. Further,
the Servicer will in accordance with Customary Servicing Procedures ascertain and estimate taxes, assessments, fire and hazard
insurance premiums, premiums for Primary Mortgage Insurance Policies, and all other charges that, as provided in any Mortgage,
will become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as
and when they become due and payable.

 

Subsection
11.04.         Establishment of Custodial Account; Deposits in Custodial
Account.

 

The Servicer shall
segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds
and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”),
titled “[name of Servicer], in trust for RBS Financial Products Inc. as Purchaser of Mortgage Loans and various Mortgagors.”
Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association
(which may be a depository affiliate of the Servicer) which meets the guidelines set forth by the FHFA, Fannie Mae or Freddie Mac
as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to another depository
institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account
shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by
the Servicer.

 

    	33

    	 

    

 

The Servicer shall
deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by
it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before
the related Cut-off Date):

 

(a)          all
payments on account of principal, including Principal Prepayments, on the Mortgage Loans;

 

(b)          all
payments on account of interest on the Mortgage Loans adjusted to the related Mortgage Loan Remittance Rate;

 

(c)          all
Liquidation Proceeds;

 

(d)          all
Insurance Proceeds other than proceeds to be held in the Escrow Account and applied to the restoration or repair of the Mortgaged
Property or released to the Mortgagor in accordance with Customary Servicing Procedures;

 

(e)          all
Condemnation Proceeds which are not released to the Mortgagor in accordance with Customary Servicing Procedures;

 

(f)    
      any amount required to be deposited in the Custodial Account pursuant to
Subsections 11.15, 11.17 and 11.19;

 

(g)          any
amount required to be deposited by the Servicer in connection with any REO Property pursuant to Subsection 11.13 including,
but not limited to, REO Disposition Proceeds;

 

(h)          all
amounts required to be deposited by the Servicer in connection with shortfalls in principal amount of Substitute Mortgage Loans
pursuant to Subsection 7.03;

 

(i)     
      with respect to each Full Prepayment and each Partial Prepayment, an amount (to be
paid by the Servicer out of its own funds) equal to the Prepayment Interest Shortfall; provided, however, that
the Servicer’s aggregate obligations under this paragraph for any month shall be limited to the total amount of
Servicing Fees actually received with respect to the Mortgage Loans by the Servicer during such month;

 

(j)      
    amounts required to be deposited by the Servicer in connection with the deductible clause of
any hazard insurance policy; and

 

(k)    
      with respect to any repurchase of one or more Mortgage Loans, the amount of the
related Repurchase Price pursuant to Section 7.03.

 

The foregoing requirements
for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of
the foregoing, payments in the nature of late payment charges, assumption fees and other ancillary fees need not be deposited by
the Servicer in the Custodial Account.

 

The Servicer may invest
the funds in the Custodial Account in Eligible Investments designated in the name of the Servicer for the benefit of the Purchaser,
which shall mature not later than the Business Day next preceding the Remittance Date next following the date of such investment
(except that (A) any investment in the institution with which the Custodial Account is maintained may mature on such Remittance
Date and (B) any other investment may mature on such Remittance Date if the Servicer shall advance funds on such Remittance Date,
pending receipt thereof to the extent necessary to make distributions to the Purchaser) and shall not be sold or disposed of prior
to maturity. Notwithstanding anything to the contrary herein and above, all income and gain realized from any such investment shall
be for the benefit of the Servicer and shall be subject to withdrawal by the Servicer. The amount of any losses incurred in respect
of any such investments shall be deposited in the Custodial Account by the Servicer out of its own funds immediately as realized.

 

    	34

    	 

    

 

Subsection
11.05.         Withdrawals From the Custodial Account.

 

The Servicer shall,
from time to time, withdraw funds from the Custodial Account for the following purposes:

 

(a)          to
make payments to the Purchaser in the amounts and in the manner provided for in Subsection 11.15;

 

(b)          to
reimburse itself for P&I Advances, the Servicer’s right to reimburse itself pursuant to this subclause (b) with respect
to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds, REO Disposition
Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage
Loan, it being understood that, in the case of any such reimbursement, the Servicer’s right thereto shall be prior to the
rights of the Purchaser with respect to such Mortgage Loan, except that, where the Seller is required to repurchase a Mortgage
Loan pursuant to Subsection 7.03, the Servicer’s right to such reimbursement shall be subsequent to the payment to the
Purchaser of the Repurchase Price pursuant to Subsection 7.03 and all other amounts required to be paid to the Purchaser with
respect to such Mortgage Loan;

 

(c)          to
reimburse itself for any unpaid Servicing Fees and for unreimbursed Servicing Advances, the Servicer’s right to reimburse
itself pursuant to this subclause (c) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation
Proceeds, Insurance Proceeds, REO Disposition Proceeds and such other amounts as may be collected by the Servicer from the related
Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Servicer’s
right thereto shall be prior to the rights of the Purchaser unless the Seller is required to repurchase a Mortgage Loan pursuant
to Subsection 7.03, or Servicer is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in
which case the Servicer’s right to such reimbursement shall be subsequent to the payment to the Purchaser of the related
Repurchase Price pursuant to Subsection 7.03, and all other amounts required to be paid to the Purchaser with respect to such
Mortgage Loan;

 

(d)          to
reimburse itself for unreimbursed Servicing Advances and for unreimbursed P&I Advances, to the extent that such amounts are
nonrecoverable (as certified by the Servicer to the Purchaser in an Officer’s Certificate) by the Servicer pursuant to subclause
(b) or (c) above, provided that the Mortgage Loan for which such advances were made is not required to be repurchased by the Seller
pursuant to Subsection 7.03;

 

(e)          to
reimburse itself for P&I Advances and Servicing Advances that were added to the outstanding principal balance of a Mortgage
Loan in connection with a modification of such Mortgage Loan to capitalize arrearages; provided, that the Servicer shall be entitled
to be reimbursed for these amounts only from the principal collections on the Mortgage Loans;

 

    	35

    	 

    

 

(f)          to
reimburse itself for expenses incurred by and reimbursable to it pursuant to Subsection 12.01;

 

(g)          to
withdraw amounts to make P&I Advances in accordance with Subsection 11.17;

 

(h)          to
pay to itself any interest earned or any investment earnings on funds deposited in the Custodial Account, net of any losses on
such investments;

 

(i)          to
withdraw any amounts inadvertently deposited in the Custodial Account; and

 

(j)          to
clear and terminate the Custodial Account upon the termination of this Agreement.

 

Upon request, the Servicer
will provide the Purchaser with copies of reasonably acceptable invoices or other documentation relating to Servicing Advances
that have been reimbursed from the Custodial Account.

 

Subsection
11.06.         Establishment of Escrow Account; Deposits in Escrow Account.

 

The Servicer shall
segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and
apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts (collectively,
the “Escrow Account”), titled “[name of Servicer], in trust for RBS Financial Products Inc. as Purchaser
of Mortgage Loans and various Mortgagors.” The Escrow Account shall be an Eligible Account established with a commercial
bank, a savings bank or a savings and loan association (which may be a depository affiliate of Servicer), which meets the guidelines
set forth by Fannie Mae or Freddie Mac as an eligible institution for escrow accounts. The Escrow Account shall not be transferred
to another depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case,
the Escrow Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which
may be drawn on by the Servicer.

 

The Servicer shall
deposit in the Escrow Account on a daily basis, and retain therein: (a) all Escrow Payments collected on account of the Mortgage
Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (b) all
amounts representing proceeds of any hazard or flood insurance policy which are to be applied to the restoration or repair of any
Mortgaged Property. The Servicer shall make withdrawals therefrom only in accordance with Subsection 11.07 hereof. As part
of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required
by Applicable Law.

 

Subsection
11.07.         Withdrawals From Escrow Account.

 

Withdrawals from the
Escrow Account shall be made by the Servicer only (a) to effect timely payments of ground rents, taxes, assessments, premiums for
Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related
Mortgage, (b) to reimburse the Servicer for any Servicing Advance made by Servicer pursuant to Subsection 11.08 hereof with
respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under
the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance
with the terms of the related Mortgage Loan and if permitted by Applicable Law, (e) for application to the restoration or repair
of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited
in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be
paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late
fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments
that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to
clear and terminate the Escrow Account upon the termination of this Agreement.

 

    	36

    	 

    

 

Subsection
11.08.         Payment of Taxes, Insurance and Other Charges; Collections
Thereunder.

 

With respect to each
Mortgage Loan, the Servicer shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other
charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies
and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including
renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate
for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall
have been estimated and accumulated by the Servicer in amounts sufficient for such purposes, as allowed under the terms of the
Mortgage. To the extent that a Mortgage does not provide for Escrow Payments, the Servicer shall determine that any such payments
are made by the Mortgagor. The Servicer assumes full responsibility for the timely payment of all such bills and shall effect timely
payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of
the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing
Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b). No costs incurred by the Servicer or subservicers in effecting
the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums
shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans,
notwithstanding that the terms of such Mortgage Loans so permit.

 

Subsection
11.09.         Transfer of Accounts.

 

The Servicer may transfer
the Custodial Account or the Escrow Account to an Eligible Account at a different depository institution. Pursuant to Subsections
11.04 and 11.06, such transfer shall be made only with the Purchaser’s approval, which shall not unreasonably be withheld.

 

Subsection
11.10.         Maintenance of Hazard Insurance.

 

The Servicer shall
cause to be maintained for each Mortgage Loan fire and hazard insurance with extended coverage customary in the area where the
Mortgaged Property is located by an insurer acceptable to Fannie Mae or Freddie Mac, as applicable, in an amount which is at least
equal to the lesser of (a) the full insurable value of the Mortgaged Property or (b) the greater of (i) the outstanding principal
balance owing on the Mortgage Loan and (ii) an amount such that the proceeds of such insurance shall be sufficient to avoid the
application to the Mortgagor or loss payee of any coinsurance clause under the policy. If the Mortgaged Property is in an area
identified in the Federal Register by the Federal Emergency Management Agency as a special flood hazard area (and such flood insurance
has been made available) the Servicer will cause to be maintained a flood insurance policy meeting the requirements of the National
Flood Insurance Program, in an amount representing coverage not less than the lesser of (A) the minimum amount required under the
terms of the coverage to compensate for any damage or loss to the Mortgaged Property on a replacement-cost basis (or the outstanding
principal balance of the Mortgage Loan if replacement-cost basis is not available) or (B) the maximum amount of insurance available
under the National Flood Insurance Program. The Servicer shall also maintain on REO Property fire and hazard insurance with extended
coverage in an amount which is at least equal to the maximum insurable value of the improvements which are a part of such property,
liability insurance and, to the extent required and available under the National Flood Insurance Program, flood insurance in an
amount required above. Any amounts collected by the Servicer under any such policies (other than amounts to be deposited in the
Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or property acquired in
liquidation of the Mortgage Loan, or to be released to the Mortgagor in accordance with Customary Servicing Procedures) shall be
deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05. It is understood and agreed that no
earthquake or other additional insurance need be required by the Servicer of any Mortgagor or maintained on REO Property other
than pursuant to such Applicable Laws as shall at any time be in force and as shall require such additional insurance. All policies
required hereunder shall be endorsed with standard mortgagee clauses with loss payable to Servicer, and shall provide for at least
thirty (30) days prior written notice of any cancellation, reduction in amount or material change in coverage to the Servicer.
The Servicer shall not interfere with the Mortgagor’s freedom of choice in selecting either its insurance carrier or agent;
provided, however, that the Servicer shall not accept any such insurance policies from insurance companies unless
such companies are acceptable to Fannie Mae or Freddie Mac, as applicable, and are licensed to do business in the state wherein
the property subject to the policy is located.

 

    	37

    	 

    

 

The hazard insurance
policies for each Mortgage Loan secured by a unit in a condominium development, planned unit development or Cooperative Project
shall be maintained with respect to such Mortgage Loan and the related development in a manner which is consistent with Fannie
Mae or Freddie Mac requirements, as applicable.

 

Subsection
11.11.         Maintenance of Primary Mortgage Insurance Policy; Claims.

 

With respect to each
Mortgage Loan with a LTV in excess of 80%, the Servicer shall promptly, without any cost to the Purchaser, maintain or cause the
Mortgagor to maintain in full force and effect a Primary Mortgage Insurance Policy issued by a Qualified Insurer insuring the portion
over 78% (or such other percentage in conformance with then current Fannie Mae requirements) until terminated pursuant to the Homeowners
Protection Act of 1988, 12 USC § 4901, et seq. or any other Applicable Law. In the event that such Primary Mortgage Insurance
Policy shall be terminated other than as required by Applicable Law, the Servicer shall obtain from another Qualified Insurer a
comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated Primary Mortgage Insurance
Policy. If the insurer shall cease to be a Qualified Insurer, the Servicer shall obtain from another Qualified Insurer a replacement
Primary Mortgage Insurance Policy. The Servicer shall not take any action which would result in noncoverage under any applicable
Primary Mortgage Insurance Policy of any loss which, but for the actions of the Servicer would have been covered thereunder. In
connection with any assumption or substitution agreement entered into or to be entered into pursuant to Subsection 11.18,
the Servicer shall promptly notify the insurer under the related Primary Mortgage Insurance Policy, if any, of such assumption
or substitution of liability in accordance with the terms of such Primary Mortgage Insurance Policy and shall take all actions
which may be required by such insurer as a condition to the continuation of coverage under such Primary Mortgage Insurance Policy.
If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Servicer
shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

 

In connection with
its activities as servicer, the Servicer agrees to prepare and present, on behalf of itself and the Purchaser, claims to the insurer
under any Primary Mortgage Insurance Policy in a timely fashion in accordance with the terms of such Primary Mortgage Insurance
Policy and, in this regard, to take such action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policy
respecting a defaulted Mortgage Loan. Pursuant to Subsection 11.04, any amounts collected by the Servicer under any Primary
Mortgage Insurance Policy shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.

 

Subsection
11.12.         Fidelity Bond; Errors and Omissions Insurance.

 

The Servicer shall
maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all
officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers
relating to the Mortgage Loans. These policies must insure the Servicer against losses resulting from fraud, theft, errors, omissions,
negligence, dishonest or fraudulent acts committed by the Servicer’s personnel, any employees of outside firms that provide
data processing services for the Servicer, and temporary contract employees or student interns. The Fidelity Bond shall also protect
and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained
payment in full of the indebtedness secured thereby. No provision of this Subsection 11.12 requiring such Fidelity Bond and
errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement.
The minimum coverage and maximum deductible under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding
amounts required by Fannie Mae in the Fannie Mae Guides or by Freddie Mac in the Freddie Mac Guide, as amended or restated from
time to time, as applicable, or in an amount as may be permitted to the Servicer by express waiver of Fannie Mae or Freddie Mac,
as applicable. Upon request of the Purchaser, the Servicer shall cause to be delivered to the Purchaser a certified true copy of
such Fidelity Bond or a certificate evidencing the same with a statement that the Servicer shall endeavor to provide written notice
to the Purchaser thirty (30) days prior to modification or any material change.

 

    	38

    	 

    

 

Subsection
11.13.         Title, Management and Disposition of REO Property.

 

Subject to Subsection 11.02,
in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate
of sale shall be taken in the name of the Purchaser or its nominee.

 

The Servicer shall
cause to be deposited on a daily basis in the Custodial Account all revenues received with respect to the conservation of the related
REO Property. The Servicer shall make distributions as required on each Remittance Date to the Purchaser of the net cash flow from
the REO Property (which shall equal the revenues from such REO Property net of the expenses described above and of any reserves
reasonably required from time to time to be maintained to satisfy anticipated liabilities for such expenses).

 

The disposition of
REO Property shall be carried out by the Servicer, subject to Subsection 11.01. The Purchaser shall pay the Servicer a fee
of 1.5% of the sales price for such REO Property for services associated with managing the REO Property through its disposition.
Upon the request of the Purchaser, and at the Purchaser’s expense, the Servicer shall cause an appraisal of the REO Property
to be performed for the Purchaser.

 

The Servicer shall
either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the REO Property in the same
manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner
that similar property in the same locality as the REO Property is managed. Any disbursement in excess of $15,000 shall be made
only with the prior written approval of the Purchaser. The Servicer shall deduct the costs of managing, conserving, protecting
and operating the REO Property from the proceeds of the sale of the REO Property (providing documentary evidence of such costs)
and shall not withdraw funds to cover such costs from the Custodial Account.

 

The Servicer shall
not accept any sale offer for an REO Property that is more than 10% below the most recent Reconciled Market Value of the REO Property
without the prior written consent of the Purchaser.

 

Subsection
11.14.         Servicing Compensation.

 

As compensation for
its services hereunder and subject to Subsection 11.15, the Servicer shall be entitled to retain the Servicing Fee from interest
payments actually collected on the Mortgage Loans. Additional servicing compensation in the form of assumption fees, late payment
charges, Prepayment Penalties, fees related to the disposition of REO Property and other ancillary income shall be retained by
the Servicer to the extent not required to be deposited in the Custodial Account. The Servicer shall be required to pay all expenses
incurred by it in connection with its servicing activities hereunder and shall not be entitled to reimbursement therefor except
as specifically provided for herein.

 

Subsection
11.15.         Distributions.

 

On each Remittance
Date the Servicer shall remit by wire transfer of immediately available funds to the account designated in writing by the Purchaser
of record on the preceding Record Date (a) all amounts credited to the Custodial Account at the close of business on the related
Determination Date, net of charges against or withdrawals from the Custodial Account pursuant to Subsection 11.05(b) through
(h), plus (b) all amounts, if any, which the Servicer is obligated to distribute pursuant to Subsection 11.17, minus (c) any
amounts attributable to Principal Prepayments received after the end of the calendar month preceding the month in which the Remittance
Date occurs, minus (d) any amounts attributable to Monthly Payments collected but due on a Due Date or Due Dates subsequent to
the first day of the month in which the Remittance Date occurs.

 

Not later than each
Remittance Date, the Servicer shall from its own funds deposit in the Custodial Account an amount equal to the aggregate Prepayment
Interest Shortfall due to either Partial Prepayment or Full Prepayment, if any, existing in respect of the related Principal Prepayment
Period.

 

    	39

    	 

    

 

With respect to any
remittance received by the Purchaser after the Business Day on which such payment was due, the Servicer shall pay to the Purchaser
interest on any such late payment at an annual rate equal to the overnight federal funds effective rate, but in no event greater
than the maximum amount permitted by Applicable Law. Such interest shall be paid by the Servicer to the Purchaser on the date such
late payment is made and shall cover the period commencing with the Business Day on which such payment was due and ending with
the Business Day immediately preceding the Business Day on which such payment is made, both inclusive. The payment by the Servicer
of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Servicer.

 

Subsection
11.16.         Statements to the Purchaser.

 

Not later than the
fifth (5th) Business Day of each calendar month, the Servicer shall forward to the Purchaser in an electronic format a statement,
containing data elements to be mutually agreed upon by the parties and substantially similar to those set forth in the form of
Exhibit 5, setting forth, among other information specified in Exhibit 5, on a loan-by-loan basis: (a) the amount
of payments received for the related Due Period which is allocable to principal and allocable to interest; (b) the amount of servicing
compensation received by the Servicer during the prior calendar month; and (c) the aggregate Stated Principal Balance of the Mortgage
Loans as of the last day of the preceding month. Such statement shall also include information regarding delinquencies on Mortgage
Loans, indicating the number and aggregate principal amount of Mortgage Loans which are either one (1), two (2) or three (3) or
more months delinquent. The Servicer shall submit to the Purchaser monthly a liquidation report with respect to each Mortgaged
Property sold in a foreclosure sale as of the related Record Date and not previously reported. Such liquidation report shall be
incorporated into the remittance report delivered to Purchaser in the form of Exhibit 5 hereto. The Servicer shall also
provide such information as set forth above to the Purchaser in electronic form in the Servicer’s standard format, a copy
of which has been provided by the Servicer.

 

In addition, the Servicer
shall submit to the Purchaser monthly loan-by-loan default information including, without limitation, notes made and retained by
the Servicer in connection with servicing the defaulted loan, the reasons for the default, updated values of the Mortgaged Property,
updated FICO scores on the Mortgagor and information regarding Servicing Advances made.

 

The Servicer shall
prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental
taxing authority, the Mortgagor or to the Purchaser pursuant to any Applicable Law with respect to the Mortgage Loans and the transactions
contemplated hereby. In addition, the Servicer shall provide the Purchaser with such information concerning the Mortgage Loans
as is necessary for such Purchaser to prepare federal income tax returns as the Purchaser may reasonably request from time to time.

 

Subsection
11.17.         Advances by the Servicer.

 

On the Business Day
immediately preceding each related Remittance Date, the Servicer shall either (a) deposit in the Custodial Account from its own
funds an amount equal to the aggregate amount of all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate)
which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the
immediately preceding Determination Date (each such advance, a “P&I Advance”), (b) cause to be made an appropriate
entry in the records of the Custodial Account that amounts held for future distribution have been, as permitted by this Subsection 11.17,
used by the Servicer in discharge of any such P&I Advance or (c) make P&I Advances in the form of any combination of (a)
or (b) aggregating the total amount of advances to be made. Any amounts held for future distribution and so used shall be replaced
by the Servicer by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on
such Remittance Date shall be less than payments to the Purchaser required to be made on such Remittance Date. The Servicer’s
obligation to make P&I Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment
in full of a Mortgage Loan, or through the last related Remittance Date prior to the Remittance Date for the distribution of all
other payments or recoveries (including proceeds under any title, hazard or other insurance policy, or condemnation awards) with
respect to a Mortgage Loan; provided, however, that such obligation shall cease if the Servicer, in its good faith
judgment, determines that such P&I Advances would not be recoverable pursuant to Subsection 11.05(d). The determination
by the Servicer that a P&I Advance, if made, would be nonrecoverable, shall be evidenced by an Officer’s Certificate
of the Servicer, delivered to the Purchaser, which details the reasons for such determination. The Servicer shall not have any
obligation to advance amounts in respect of shortfalls relating to the Servicemembers Civil Relief Act and similar state and local
laws.

 

    	40

    	 

    

 

Subsection
11.18.         Assumption Agreements.

 

The Servicer will use
its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that,
subject to the Purchaser’s prior approval, the Servicer shall permit such assumption if so required in accordance with the
terms of the Mortgage or the Mortgage Note. When the Mortgaged Property has been conveyed by the Mortgagor prior to payment in
full of the Mortgage Loan, the Servicer will, to the extent it has knowledge of such conveyance, exercise its rights to accelerate
the maturity of such Mortgage Loan under the “due-on-sale” clause applicable thereto; provided, however,
the Servicer will not exercise such rights if prohibited by law from doing so or if the exercise of such rights would impair or
threaten to impair any recovery under the related Primary Mortgage Insurance Policy, if any. In connection with any such assumption,
the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross
Margin (if applicable), the Initial Rate Cap (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note
shall not be changed, and the term of the Mortgage Loan will not be increased or decreased. If an assumption is allowed pursuant
to this Subsection 11.18, the Servicer with the prior consent of the issuer of the Primary Mortgage Insurance Policy, if any,
is authorized to enter into a substitution of liability agreement with the purchaser of the Mortgaged Property pursuant to which
the original Mortgagor is released from liability and the purchaser of the Mortgaged Property is substituted as Mortgagor and becomes
liable under the Mortgage Note.

 

Subsection
11.19.         Satisfaction of Mortgages and Release of Mortgage Files.

 

Upon the payment in
full of any Mortgage Loan, or the receipt by the Servicer of a notification that payment in full will be escrowed in a manner customary
for such purposes, the Servicer will obtain the portion of the Mortgage File that is in the possession of the Purchaser or its
designee, prepare and process any required satisfaction or release of the Mortgage and notify the Purchaser in accordance with
the provisions of this Agreement. The Purchaser agrees to deliver to the Servicer (or cause to be delivered to the Servicer) the
original Mortgage Note for any Mortgage Loan not later than five (5) Business Days following its receipt of a notice from the Servicer
that such a payment in full has been received or that a notification has been received that such a payment in full shall be made.
Such Mortgage Note shall be held by the Servicer, in trust, for the purpose of canceling such Mortgage Note and delivering the
canceled Mortgage Note to the Mortgagor in a timely manner as and to the extent provided under any applicable federal or state
law.

 

In the event the Servicer
grants a satisfaction or release of a Mortgage without having obtained payment in full of the indebtedness secured by the Mortgage,
the Servicer shall remit to the Purchaser the Stated Principal Balance of the related Mortgage Loan, including any accrued and
unpaid interest thereon (calculated at the Net Remittance Rate), by deposit thereof in the Custodial Account. The Fidelity Bond
shall insure the Servicer against any loss it may sustain with respect to any Mortgage Loan not satisfied in accordance with the
procedures set forth herein.

 

Subsection
11.20.         Seller and Servicer Shall Provide Access and Information
as Reasonably Required.

 

The Seller and the
Servicer shall provide to the Purchaser access to any documentation regarding the Mortgage Loans which may be required by Applicable
Law or by the Purchaser’s regulators. Such access shall be afforded without charge, but only upon reasonable request, during
normal business hours and at the offices of the Servicer. The Servicer shall cooperate in good faith with the Purchaser, its agents
and regulators in responding to any reasonable inquiries regarding the Servicer’s servicing of the Mortgage Loans and the
Servicer’s compliance with, and ability to perform its obligations under, the provisions of this Agreement, and its oversight
and monitoring procedures with respect to any subservicers or subcontractors engaged by the Servicer to perform any obligations
under this Agreement. In connection with the foregoing, the Servicer shall provide the Purchaser and its agents and regulators
with reasonable access to its facilities, employees and servicing systems to the extent such access is reasonably necessary in
order for the Purchaser to comply with Applicable Law or the requirements of its regulators.

 

    	41

    	 

    

 

In addition, the Seller
and the Servicer shall furnish upon request by the Purchaser, during the term of this Agreement, such periodic, special or other
reports or information, whether or not provided for herein, as shall be necessary, reasonable and appropriate with respect to the
purposes of this Agreement and Applicable Law. All such reports or information shall be provided by and in accordance with all
reasonable instructions and directions the Purchaser may require. The Seller and the Servicer each agree to execute and deliver
all such instruments and take all such action as the Purchaser, from time to time, may reasonably request in order to effectuate
the purposes and to carry out the terms of this Agreement.

 

Subsection
11.21.         Inspections.

 

The Servicer shall
inspect the Mortgaged Property as often deemed necessary by the Servicer to assure itself that the value of the Mortgaged Property
is being preserved. In addition, if any Mortgage Loan is more than forty-five (45) days delinquent, the Servicer shall inspect
the Mortgaged Property and shall conduct subsequent inspections in accordance with Customary Servicing Procedures or as may be
required by the primary mortgage guaranty insurer. The Servicer shall keep written report of each such inspection and shall provide
a copy of such inspection to the Purchaser upon the request of the Purchaser.

 

Subsection
11.22.         Restoration of Mortgaged Property.

 

The Servicer need not
obtain the approval of the Purchaser prior to releasing any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be
applied to the restoration or repair of the Mortgaged Property if such release is in accordance with Customary Servicing Procedures.
For claims greater than $15,000, at a minimum, the Servicer shall comply with the following conditions in connection with any such
release of Insurance Proceeds or Condemnation Proceeds:

 

(a)          the
Servicer shall receive satisfactory independent verification of completion of repairs and issuance of any required approvals with
respect thereto;

 

(b)          the
Servicer shall take all steps necessary to preserve the priority of the lien of the Mortgage, including, but not limited to requiring
waivers with respect to mechanics’ and materialmen’s liens;

 

(c)          the
Servicer shall verify that the Mortgage Loan is not in default; and

 

(d)          pending
repairs or restoration, the Servicer shall place the Insurance Proceeds or Condemnation Proceeds in the Escrow Account.

 

If the Purchaser is
named as an additional loss payee, the Servicer is hereby empowered to endorse any loss draft issued in respect of such a claim
in the name of the Purchaser.

 

Subsection
11.23.         Fair Credit Reporting Act.

 

With respect to each
Mortgage Loan which has been (or becomes) delinquent 30 days or more at least once since origination, the Servicer has fully and
accurately furnished complete information (i.e., favorable and unfavorable) on the related Mortgagor credit files to Equifax, Experian
and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations,
on a monthly basis and, for each Mortgage Loan, the Servicer will furnish, in accordance with the Fair Credit Reporting Act and
its implementing regulations, accurate and complete information on its Mortgagor credit files to Equifax, Experian and Trans Union
Credit Information Company or their respective successors, on a monthly basis.

 

    	42

    	 

    

 

Subsection
11.24.         Statement as to Compliance.

 

To the extent that
any Mortgage Loans are serviced pursuant to this Agreement and are not part of a Securitization Transaction, the Servicer will
deliver to the Purchaser, not later than March 15 each year, an Officer’s Certificate stating, as to each signatory thereof,
that (i) a review of the activities of the Servicer during the immediately preceding calendar year (or applicable portion thereof)
and of its performance under this Agreement during such period has been made under such officer’s supervision and (ii) to
the best of such officer’s knowledge, based on such review, the Servicer has fulfilled all of its obligations under this
Agreement in all material respects throughout such calendar year, 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.

 

Subsection
11.25.         Independent Public Accountants’ Servicing Report.

 

To the extent that
any Mortgage Loans are serviced pursuant to this Agreement and are not part of a Securitization Transaction, not later than March
15 of each year, the Servicer at its expense shall cause a firm of independent public accountants (which may also render other
services to the Servicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement to
the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing
of Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans
and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the
pooling and servicing agreements covered thereby) and that such firm is of the opinion that the provisions of this Agreement or
similar agreements have been complied with, and that, on the basis of such examination conducted substantially in compliance with
the Uniform Single Attestation Program for Mortgage Bankers, nothing has come to their attention which would indicate that such
servicing has not been conducted in compliance therewith, except for (i) such exceptions as such firm shall believe to be immaterial,
and (ii) such other exceptions as shall be set forth in such statement. The Servicer shall be considered to have fulfilled its
obligations under this Section 11.25 by providing the Purchaser or its designee on an annual basis (i) a copy of a Uniform Single
Attestation Program Report from their independent public accountants or (ii) each of the items described in Section 2.05 of the
Regulation AB Compliance Addendum attached to this Agreement.

 

SECTION
12. The Servicer.

 

Subsection
12.01.         Indemnification; Third Party Claims.

 

(a)          The
Servicer agrees to indemnify and hold harmless the Purchaser against any and all claims, losses, penalties, fines, forfeitures,
legal fees and related costs, judgments, and any other costs, fees and expenses that the Purchaser may sustain in any way related
to the failure of the Servicer to service the Mortgage Loans in compliance with the terms of this Agreement.

 

(b)          The
Servicer shall immediately notify the Purchaser if a claim is made by a third party with respect to this Agreement or the Mortgage
Loans, and the Servicer shall assume (with the written consent of the Purchaser) the defense of any such claim and pay all expenses
in connection therewith, including counsel fees. If the Servicer has assumed the defense of the Purchaser, the Servicer shall provide
the Purchaser with a written report of all expenses and advances incurred by the Servicer pursuant to this Subsection 12.01
and the Purchaser shall promptly reimburse the Servicer for all amounts advanced by it pursuant to the preceding sentence except
when the claim in any way relates to the failure of the Servicer to service the Mortgage Loans in accordance with the terms of
this Agreement or the Servicer’s indemnification obligations under Subsection 7.03.

 

    	43

    	 

    

 

Subsection
12.02.         Merger or Consolidation of the Servicer.

 

The Servicer will keep
in full effect its existence, rights and franchises as a corporation, and will obtain and preserve its qualification to do business
in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement
or any of the Mortgage Loans and to perform its duties under this Agreement.

 

Any Person into which
the Servicer may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Servicer
shall be a party, or any Person succeeding to substantially all of the business of the Servicer (whether or not related to loan
servicing), shall be the successor of the Servicer 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 shall be Fannie Mae or Freddie Mac approved seller/servicer and shall have a GAAP net worth of not less than $25,000,000.

 

Subsection
12.03.         Limitation on Liability of the Servicer and Others.

 

The duties and obligations
of the Servicer shall be determined solely by the express provisions of this Agreement, the Servicer shall not be liable except
for the performance of such duties and obligations as are specifically set forth in this Agreement and no implied covenants or
obligations shall be read into this Agreement against the Servicer. Neither the Servicer nor any of the directors, officers, employees
or agents of the Servicer shall be under any liability to the Purchaser for any action taken or for refraining from the taking
of any action in accordance with Customary Servicing Procedures and otherwise in good faith pursuant to this Agreement or for errors
in judgment; provided, however, that this provision shall not protect the Servicer against any liability resulting
from any breach of any representation or warranty made herein, or from any liability specifically imposed on the Servicer herein;
and, provided further, that this provision shall not protect the Servicer against any liability that would otherwise
be imposed by reason of the willful misfeasance, bad faith or negligence in the performance of duties or by reason of reckless
disregard of the obligations or duties hereunder. The Servicer and any director, officer, employee or agent of the Servicer may
rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by
the proper authorities respecting any matters arising hereunder. Subject to the terms of Subsection 12.01, the Servicer shall
have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Servicer’s
duty to service the Mortgage Loans in accordance with this Agreement.

 

Subsection
12.04.         Seller and Servicer Not to Resign.

 

Neither the Seller
nor the Servicer shall assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent
of the Servicer or the Seller, as the case may be, and the Purchaser or, in the case of the Servicer, upon the determination that
the Servicer’s duties hereunder are no longer permissible under Applicable Law and such incapacity cannot be cured by the
Servicer. Any such determination permitting the unilateral resignation of the Servicer shall be evidenced by an Opinion of Counsel
to such effect delivered to the Purchaser, which Opinion of Counsel shall be in form and substance acceptable to the Purchaser.
No such resignation of or assignment by the Servicer shall become effective until a successor has assumed the Servicer’s
responsibilities and obligations hereunder in accordance with Subsection 14.02.

 

SECTION
13. Default.

 

Subsection
13.01.         Events of Default.

 

In case one or more
of the following Events of Default by the Servicer shall occur and be continuing:

 

(a)          any
failure by the Servicer to remit to the Purchaser any payment required to be made under the terms of this Agreement which continues
unremedied for a period of two (2) Business Days;

 

    	44

    	 

    

 

(b)
          failure by the Servicer to duly observe or perform, in any
material respect, any other covenants, obligations or agreements of the Servicer as set forth in this Agreement which failure
continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Servicer by the Purchaser;

 

(c)
          a decree or order of a court or agency or supervisory
authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy,
readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of
its affairs, shall have been entered against the Servicer and such decree or order shall have remained in force, undischarged
or unstayed for a period of sixty (60) days;

 

(d)
          the Servicer shall consent to the appointment of a
conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and
liabilities or similar proceedings of or relating to the Servicer or relating to all or substantially all of the
Servicer’s property;

 

(e)
          the Servicer shall admit in writing its inability to pay
its debts as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make
an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations;

 

(f)
          the Servicer shall cease to be qualified to do business
under the laws of any state in which a Mortgaged Property is located, but only to the extent such qualification is necessary
to ensure the enforceability of each Mortgage Loan and to perform the Servicer’s obligations under this Agreement;

 

(g)
          the Servicer shall fail to meet the servicer eligibility
qualifications of Fannie Mae or the Servicer shall fail to meet the servicer eligibility qualifications of Freddie Mac;

 

(h)          the Servicer, if it is also the Seller, shall fail to repurchase a Mortgage Loan within
30 days of the final decision of an Arbitrator that the Seller is obligated to repurchase such Mortgage Loan; or

 

(i)            the
Servicer shall fail to provide to the Purchaser the data required to be provided pursuant to the first paragraph of Subsection 11.16
and such failure shall continue for three (3) Business Days after notice of such failure has been given to the Servicer by the
Purchaser;

 

then, and in each and every such case,
so long as an Event of Default shall not have been remedied, the Purchaser, by notice in writing to the Servicer, may, in addition
to whatever rights the Purchaser may have at law or equity to damages, including injunctive relief and specific performance, commence
termination of all the rights and obligations of the Servicer under this Agreement and in and to the Mortgage Loans and the proceeds
thereof. Upon receipt by the Servicer of such written notice from the Purchaser stating that it intends to terminate the Servicer
as a result of such Event of Default, all authority and power of the Servicer under this Agreement, including any compensation
due the Servicer under this Agreement on and after the effective date of termination, whether with respect to the Mortgage Loans
or otherwise, shall pass to and be vested in the successor appointed pursuant to Subsection 14.02. Upon written request from
the Purchaser, the Servicer shall prepare, execute and deliver to a successor any and all documents and other instruments, place
in such successor’s possession all Mortgage Files and do or cause to be done all other acts or things necessary or appropriate
to effect the purposes of such notice of termination, including, but not limited to, the transfer and endorsement or assignment
of the Mortgage Loans and related documents to the successor at the Servicer’s sole expense. The Servicer agrees to cooperate
with the Purchaser and such successor in effecting the termination of the Servicer’s responsibilities and rights hereunder,
including, without limitation, the transfer to such successor for administration by it of all amounts which shall at the time be
credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

 

    	45

    	 

    

 

Subsection
13.02.         Waiver of Default.

 

The Purchaser may waive
any default by the Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose
of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except
to the extent expressly so waived.

 

SECTION
14. Termination.

 

Subsection
14.01.         Termination.

 

The respective obligations
and responsibilities of the Servicer, as servicer, shall terminate upon (a) the distribution to the Purchaser of the final payment
or liquidation with respect to the last Mortgage Loan (or advances of same by the Servicer) or (b) the disposition of all property
acquired upon foreclosure or deed in lieu of foreclosure with respect to the last Mortgage Loan and the remittance of all funds
due hereunder. Upon written request from the Purchaser in connection with any such termination, the Servicer shall prepare, execute
and deliver, any and all documents and other instruments, place in the Purchaser’s possession all Mortgage Files, and 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 Purchaser’s
sole expense. The Servicer agrees to cooperate with the Purchaser and such successor in effecting the termination of the Servicer’s
responsibilities and rights hereunder as servicer, including, without limitation, the transfer to such successor for administration
by it of all cash amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter
received with respect to the Mortgage Loans. Servicing may not be terminated without cause.

 

Subsection
14.02.         Successors to the Servicer.

 

Prior to the termination
of the Servicer’s responsibilities and duties under this Agreement pursuant to Subsections 12.04, 13.01 or 14.01, the Purchaser
shall, (a) succeed to and assume all of the Servicer’s responsibilities, rights, duties and obligations under this Agreement
or (b) appoint a successor which shall succeed to all rights and assume all of the responsibilities, duties and liabilities of
the Servicer under this Agreement upon such termination. In connection with such appointment and assumption, the Purchaser may
make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall
agree. In the event that the Servicer’s duties, responsibilities and liabilities under this Agreement shall be terminated
pursuant to the aforementioned Subsections, the Servicer shall discharge such duties and responsibilities during the period from
the date it acquires knowledge of such termination until the effective date thereof with the same degree of diligence and prudence
which it is obligated to exercise under this Agreement, and shall take no action whatsoever that might impair or prejudice the
rights or financial condition of its successor. The resignation or removal of the Servicer pursuant to the aforementioned Subsections
shall not become effective until a successor shall be appointed pursuant to this Subsection and shall in no event relieve
the Seller of the representations and warranties made pursuant to Subsections 7.01 and 7.02 and the remedies available to the Purchaser
under Subsections 7.03 or 12.01, it being understood and agreed that the provisions of such Subsections 7.01. 7.02, 7.03 and
12.01 shall be applicable to the Seller notwithstanding any such resignation or termination of the Servicer, or the termination
of this Agreement.

 

Any successor appointed
as provided herein shall execute, acknowledge and deliver to the Servicer and to the Purchaser an instrument accepting such appointment,
whereupon such successor shall become fully vested with all the rights, powers, duties, responsibilities, obligations and liabilities
of the Servicer, with like effect as if originally named as a party to this Agreement. Any termination or resignation of the Servicer
or this Agreement pursuant to Subsections 12.04, 13.01 or 14.01 shall not affect any claims that the Purchaser may have against
the Servicer based upon facts and circumstances arising prior to any such termination or resignation.

 

    	46

    	 

    

 

The Servicer shall
promptly deliver to the successor the funds in the Custodial Account and Escrow Account and all Mortgage Files and related documents
and statements held by it hereunder and the Servicer shall account for all funds and shall execute and deliver such instruments
and do such other things as may reasonably be required to more fully and definitively vest in the successor all such rights, powers,
duties, responsibilities, obligations and liabilities of the Servicer.

 

Upon a successor’s
acceptance of appointment as such, the Servicer shall notify by mail the Purchaser of such appointment.

 

SECTION
15. Notices.

 

All demands, notices
and communications hereunder shall be in writing and shall be deemed to have been duly given if mailed, by registered or certified
mail, return receipt requested, or, if by other means, when received by the other party at the address as follows:

 

	 	(a)	if to the Purchaser:
	 	 	 
	 	 	RBS Financial Products Inc.
	 	 	600 Washington Boulevard
	 	 	Stamford, CT 06901
	 	 	Attention: Craig Eckes
	 	 	Telephone: (203) 897-6684
	 	 	Email: craig.eckes@rbs.com
	 	 	 
	 	 	With a copy to:
	 	 	 
	 	 	RBS Financial Products Inc.
	 	 	600 Washington Boulevard
	 	 	Stamford, CT 06901
	 	 	Attention: Mark Hagelin
	 	 	Telephone: (203) 897-2546
	 	 	Email: mark.hagelin@rbs.com
	 	 	 
	 	(b)	if to the Seller:
	 	 	 
	 	 	First Republic Bank
	 	 	111 Pine Street
	 	 	San Francisco, CA 94111
	 	 	Attention: Tony Sachs
	 	 	 
	 	 	With a copy to the General Counsel at the same address

 

    	47

    	 

    

 

	 	(c)	if to the Servicer:
	 	 	 
	 	 	First Republic Bank
	 	 	111 Pine Street
	 	 	San Francisco, CA 94111
	 	 	Attention: Tony Sachs
	 	 	 
	 	 	With a copy to the General Counsel at the same address

 

or such other address as may hereafter
be furnished to the other party by like notice. Any such demand, notice or communication hereunder shall be deemed to have been
received on the date delivered to or received at the premises of the addressee (as evidenced, in the case of registered or certified
mail, by the date noted on the return receipt).

 

SECTION
16. Severability Clause.

 

Any part, provision,
representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision,
representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any
jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall
not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by Applicable Law, the
parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity
of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to
be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which
is nearly as possible the same as the economic effect of this Agreement without regard to such invalidity.

 

SECTION
17. No Partnership.

 

Nothing herein contained
shall be deemed or construed to create a co-partnership or joint venture between the parties hereto and the services of the Servicer
shall be rendered as an independent contractor and not as agent for the Purchaser.

 

SECTION
18. Counterparts.

 

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

 

SECTION
19. Governing Law; Choice of Forum; Waiver of Jury Trial.

 

EXCEPT TO THE EXTENT
PREEMPTED BY FEDERAL LAW, THE AGREEMENT 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 THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO THE CONFLICTS OF LAWS PROVISIONS OF NEW YORK (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) OR ANY OTHER
JURISDICTION.

 

EACH PARTY HERETO
KNOWINGLY, INTENTIONALLY AND IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT
OF IN ANY WAY RELATED TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Except as to those
matters which this Agreement provides shall be submitted to Arbitration, with respect to any claim or action arising hereunder,
the parties (a) irrevocably submit to the nonexclusive jurisdiction of the courts of the State of New York and the United States
District Court for the Southern District of New York, and appellate courts from any thereof, and (b) irrevocably waive any objection
which such party may have at any time to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement brought in any such court, and irrevocably waive any claim that any such suit action or proceeding brought in any such
court has been brought in an inconvenient forum.

 

    	48

    	 

    

 

SECTION
20. Intention of the Parties.

 

It is the intention
of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans and not a debt instrument of the
Seller or another security. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes
as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser shall have the right to review the
Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which shall affect the federal
income tax consequences of owning the Mortgage Loans and the Seller shall cooperate with all reasonable requests made by the Purchaser
in the course of such review.

 

It is not the intention
of the parties that such conveyances be deemed a pledge thereof. However, in the event that, notwithstanding the intent of the
parties, such assets are held to be the property of the Seller or if for any other reason this Agreement is held or deemed to create
a security interest in either such assets, then (a) this Agreement shall be deemed to be a security agreement within the meaning
of the Uniform Commercial Code of the State of New York and (b) the conveyances provided for in this Agreement shall be deemed
to be an assignment and a grant by the Seller to the Purchaser of a security interest in all of the assets transferred, whether
now owned or hereafter acquired.

 

SECTION
21. Waivers.

 

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

 

SECTION
22. Exhibits.

 

The exhibits to this
Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement.

 

SECTION
23. General Interpretive Principles.

 

For purposes of this
Agreement, except as otherwise expressly provided or unless the context otherwise requires:

 

(a)          the
terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular,
and the use of any gender herein shall be deemed to include the other gender;

 

(b)          accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles;

 

(c)          references
herein to “Articles,” “Sections,” “Subsections,” “Paragraphs” and other subdivisions
without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement;

 

(d)          the
headings of the various articles, sections, subsections and paragraphs of this Agreement and the table of contents are for convenience
of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof;

 

    	49

    	 

    

 

(e)          reference
to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section
in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;

 

(f)          the
words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement
as a whole and not to any particular provision; and

 

(g)          the
term “include” or “including” shall mean without limitation by reason of enumeration.

 

SECTION
24. Reproduction of Documents.

 

This Agreement and
all documents relating thereto, including, without limitation (a) consents, waivers and modifications which may hereafter be executed,
(b) documents received by any party at the closing and (c) financial statements, certificates and other information previously
or hereafter furnished, may be reproduced by any photographic, photostatic, microfilm, micro-card, miniature photographic or other
similar process. The parties hereto agree that any such reproduction shall be admissible in evidence as the original itself in
any judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was
made by a party hereto in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction
shall likewise be admissible in evidence.

 

SECTION
25. Amendment.

 

This Agreement may
be amended from time to time by the Purchaser, the Seller and the Servicer by written agreement signed by the parties hereto.

 

SECTION
26. Confidentiality.

 

Each of the Purchaser,
the Seller and the Servicer shall employ proper procedures and standards designed to maintain the confidential nature of the terms
of this Agreement, except to the extent (a) the disclosure of which is reasonably believed by such party to be required in connection
with regulatory requirements or other legal requirements relating to its affairs; (b) disclosed to any one or more of such party’s
employees, officers, directors, agents, attorneys or accountants who would have access to the contents of this Agreement and such
data and information in the normal course of the performance of such person’s duties for such party, to the extent such party
has procedures in effect to inform such person of the confidential nature thereof; (c) that is disclosed in a prospectus, prospectus
supplement or private placement memorandum relating to a Securitization Transaction of the Mortgage Loans by the Purchaser (or
an affiliate assignee thereof) or to any person in connection with the resale or proposed resale of all or a portion of the Mortgage
Loans by such party in accordance with the terms of this Agreement; and (d) that is reasonably believed by such party to be necessary
for the enforcement of such party’s rights under this Agreement.

 

SECTION
27. Entire Agreement.

 

This Agreement constitutes
the entire agreement and understanding relating to the subject matter hereof between the parties hereto and any prior oral or written
agreements between them shall be deemed to have merged herewith.

 

SECTION
28. Further Agreements.

 

The Seller, the Servicer
and the Purchaser each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments
or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

 

    	50

    	 

    

 

SECTION
29. Successors and Assigns.

 

This Agreement shall
bind and inure to the benefit of and be enforceable by the initial Purchaser, the Seller and the Servicer, and the respective successors
and assigns of the Purchaser, the Seller and the Servicer. The initial Purchaser and any subsequent purchasers may assign this
Agreement to any Person to whom any Mortgage Loan is transferred pursuant to a sale or financing upon prior written notice to the
Servicer in accordance with the following paragraph; provided, however, that except in connection with Securitization
Transactions, as to which no such quantitative limitation shall apply, unless otherwise agreed to by the Servicer, the Servicer
shall not be required to service the Mortgage Loans included in a Mortgage Loan Package for more than three (3) Persons for assignees
of RBS Financial Products Inc. or its respective affiliates at any time and shall not recognize any assignment of this Agreement
to the extent that following such assignment more than such number of Persons would be purchasers hereunder. The Seller and the
Servicer agree that multiple assignments related to or in connection with a single Securitization Transaction shall be deemed to
constitute a single assignment, and in respect thereof only the trust formed in connection with a Securitization Transaction shall
be deemed to constitute a “Person” for purposes of the limitations on assignment in this Agreement. Upon any such assignment
and written notice thereof to the Servicer, the Person to whom such assignment is made shall succeed to all rights and obligations
of the Purchaser under this Agreement to the extent of the related Mortgage Loan or Mortgage Loans and this Agreement, to the extent
of the related Mortgage Loan or Mortgage Loans, shall be deemed to be a separate and distinct agreement between the Servicer and
such purchaser, and a separate and distinct agreement between the Servicer and each other purchaser to the extent of the other
related Mortgage Loan or Mortgage Loans.

 

At least five (5) Business
Days prior to the end of the month preceding the date upon which the first remittance is to be made to an assignee of the Purchaser,
the Purchaser shall provide to the Servicer written notice of any assignment setting forth: (a) the Servicer’s applicable
Mortgage Loan identifying number for each of the Mortgage Loans affected by such assignment; (b) the aggregate scheduled transfer
balance of such Mortgage Loans; and (c) the full name, address and wiring instructions of the assignee and the name and telephone
number of an individual representative for such assignee, to whom the Servicer should: (i) send remittances; (ii) send any notices
required by or provided for in this Agreement; and (iii) deliver any legal documents relating to the Mortgage Loans (including,
but not limited to, contents of any Mortgage File obtained after the effective date of any assignment).

 

If the Purchaser has
not provided the notice of assignment required by this Section 29, the Servicer shall not be required to treat any other Person
as a “Purchaser” hereunder and may continue to treat the Purchaser which purports to assign the Agreement as the “Purchaser”
for all purposes of this Agreement.

 

SECTION
30. Non-Solicitation.

 

Each of the Seller,
the Servicer and the Purchaser and any of their respective affiliates hereby agrees that it shall not take any action to solicit
the refinancing of any Mortgage Loan following the date hereof or provide information to any other entity to solicit the refinancing
of any Mortgage Loan. In addition, neither the Purchaser nor any of its agents, affiliates, or assignees shall solicit any Mortgagor
for any other financial products or services. The foregoing shall not preclude any party from engaging in solicitations to the
general public by newspaper, radio, television or other media which are not directed toward the Mortgagors or from refinancing
the Mortgage Loan of any Mortgagor who, without solicitation, contacts such party to request the refinancing of the related Mortgage
Loan.

 

In addition, notwithstanding
the foregoing, it is understood and agreed that the Seller, the Servicer or any of their respective affiliates:

 

(a)          may
advertise its availability for handling refinancings of mortgages in its portfolio, including the promotion of terms it has available
for such refinancings, through the sending of letters or promotional material, so long as it does not specifically target Mortgagors
and so long as such promotional material either is sent to the mortgagors for all of the mortgages in the A-quality servicing portfolio
of the Seller, the Servicer and any of their affiliates (those it owns as well as those serviced for others) or sent to all of
the mortgagors who have specific types of mortgages (such as conventional fixed-rate or conventional adjustable-rate), or sent
to those mortgagors whose mortgages fall within specific interest rate ranges;

 

    	51

    	 

    

 

(b)          may
provide pay-off information and otherwise cooperate with individual mortgagors who contact it about prepaying their mortgages by
advising them of refinancing terms and streamlined origination arrangements that are available; and

 

(c)          may
offer to refinance a Mortgage Loan made within thirty (30) days following receipt by it of a pay-off request from the related Mortgagor.

 

SECTION
31. Protection of Consumer Information.

 

Each party agrees that
it (i) shall comply with any Applicable Laws regarding the privacy and security of Consumer Information, (ii) shall not use Consumer
Information in any manner inconsistent with any Applicable Laws regarding the privacy and security of Consumer Information, (iii)
shall not disclose Consumer Information to third parties except at the specific written direction of the Seller or the Servicer,
(iv) shall maintain adequate physical, technical and administrative safeguards to protect Consumer Information from unauthorized
access and (v) shall immediately notify the Seller of any actual or suspected breach of the confidentiality of Consumer Information.

 

SECTION
32. Cooperation of the Company with a Reconstitution; Regulation AB Compliance.

 

The Seller acknowledges
and the Purchaser agrees that with respect to some or all of the Mortgage Loans, the Purchaser may effect a sale of some or all
of the Mortgage Loans then subject to this Agreement to:

 

(1)         one
or more third party purchasers in one or more Whole Loan Transfers; and

 

(2)         one
or more trusts or other entities to be formed as part of one or more Securitization Transactions;

 

provided, however, that no
more than three (3) Persons shall be assignees of the Purchaser’s interest in this Agreement with respect to a given Mortgage
Loan Package, except in connection with a Securitization Transaction pursuant to Section 29 above.

 

The Seller shall cooperate
with the Purchaser in connection with any Whole Loan Transfer contemplated by the Purchaser pursuant to this Section. In connection
therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer to the
Seller at least fifteen (15) days prior to such transfer and the Seller shall execute any Reconstitution Agreement which contains
servicing provisions substantially similar to those herein or otherwise reasonably acceptable to the Purchaser and the Seller and
which restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02
herein as of the Reconstitution Date. Any prospective assignees of the Purchaser who have entered into a commitment to purchase
any of the Mortgage Loans in a Whole Loan Transfer may review the Seller’s servicing and origination operations, upon reasonable
prior notice to the Seller, and the Seller shall cooperate with such review and underwriting to the extent such prospective assignees
request information or documents that are available and can be produced without unreasonable expense or effort. Subject to any
Applicable Laws, the Seller shall make the Mortgage Files related to the Mortgage Loans held by the Seller available at the Seller’s
principal operations center for review by any such prospective assignees during normal business hours upon reasonable prior notice
to the Seller (in no event fewer than five (5) Business Days’ prior notice). The Seller may, in its sole discretion, require
that such prospective assignees sign a confidentiality agreement with respect to such information disclosed to the prospective
assignee which is not available to the public at large and a release agreement with respect to its activities on the Seller’s
premises. The Purchaser hereby agrees to reimburse the Seller for reasonable “out-of-pocket” expenses incurred by the
Seller that relate to such Whole Loan Transfer, including without limitation reimbursement for the amount which reasonably reflects
time and effort expended by the Seller in connection therewith.

 

    	52

    	 

    

 

In order to facilitate
compliance with Regulation AB promulgated under the Securities Act, the Servicer and the Purchaser agree to comply with the provisions
of the Regulation AB Compliance Addendum attached hereto as Addendum I. The Seller and Servicer agree to reasonably cooperate and
assist working with Rating Agencies for their review including but not limited to an on-site server due diligence and operational
risk assessment and any other reasonable requests. All costs associated with Rating Agency reviews will be borne by the Purchaser.
The Seller and Servicer agree to provide notices of repurchase requests and other information required in order to enable the Purchaser
to comply with its obligations under Rule 15Ga-1.

 

All Mortgage Loans
not sold or transferred pursuant to a Whole Loan Transfer or Securitization Transaction shall remain subject to this Agreement
and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall
remain in full force and effect.

 

[SIGNATURES ON FOLLOWING PAGE]

 

    	53

    	 

    

 

IN WITNESS WHEREOF,
the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized on the date first
above written.

 

	 	RBS FINANCIAL PRODUCTS INC.,
	 	as Purchaser
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	FIRST REPUBLIC BANK,
	 	as Seller and as Servicer
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 

    	 

    

 

EXHIBIT 1

 

MORTGAGE LOAN DOCUMENTS

 

With respect to each
Mortgage Loan, the Mortgage Loan Documents shall consist of the following:

 

(a)          the
original Mortgage Note bearing all intervening endorsements, endorsed in blank and signed in the name of the Seller by an officer
thereof or, if the original Mortgage Note has been lost or destroyed, a lost note affidavit;

 

(b)          the
original Assignment of Mortgage with assignee’s name left blank;

 

(c)          the
original of any guarantee executed in connection with the Mortgage Note;

 

(d)          the
original Mortgage with evidence of recording thereon, or if any such mortgage has not been returned from the applicable recording
office or has been lost, or if such public recording office retains the original recorded mortgage, a photocopy of such mortgage
certified by the Seller to be a true and complete copy of the original recorded mortgage;

 

(e)          the
originals of all assumption, modification, consolidation or extension agreements, if any, with evidence of recording thereon;

 

(f)          the
originals of all intervening assignments of mortgage with evidence of recording thereon, or if any such intervening assignment
of mortgage has not been returned from the applicable recording office or has been lost or if such public recording office retains
the original recorded assignments of mortgage, a photocopy of such intervening assignment of mortgage, certified by the Seller
to be a true and complete copy of the original recorded intervening assignment of mortgage;

 

(g)          the
mortgagee title insurance policy including an Environmental Protection Agency Endorsement and, with respect to any Adjustable Rate
Mortgage Loan, an adjustable-rate endorsement, as received from the title insurance company;

 

(h)          the
original of any security agreement, chattel mortgage or equivalent document executed in connection with the Mortgage; and

 

(i)      
    a copy of any applicable power of attorney.

 

With respect to each Mortgage Loan that
is secured by a first lien on and a perfected security interest in Co-op Shares and the related Proprietary Lease (as such terms
are defined below) granting exclusive rights to occupy the related co-op unit in the building owned by the related co-op corporation,
in lieu of delivering the documents listed above the Seller shall deliver the following documents to the Purchaser or its designee:

 

		(i)	the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior
and intervening endorsements as may be necessary to show a complete chain of endorsements;

 

		(ii)	the original security agreement;

 

    	 

    	 

    

 

		(iii)	the original lease on a co-op unit evidencing the possessory interest of the owner of the Co-op
Shares in such co-op unit (the “Proprietary Lease”) and an original assignment of the Proprietary Lease in blank;

 

		(iv)	the original recognition agreement;

 

		(v)	the original stock certificate representing the shares of stock issued by a co-op corporation and
allocated to a co-op unit (the “Co-op Shares”) and original stock power in blank;

 

		(vi)	the original UCC-1 financing statement with evidence of filing; and

 

		(vii)	the original UCC-3 assignment in blank.

 

    	 

    	 

    

 

EXHIBIT 2

 

CONTENTS OF EACH MORTGAGE
FILE

 

With respect to each
Mortgage Loan, the Mortgage File shall include each of the following items, unless otherwise disclosed to the Purchaser on the
data tape, copies of which shall be delivered to the Purchaser in diskette form, with a copy retained by the Servicer as necessary:

 

(a)          Copies
of the Mortgage Loan Documents as listed in Exhibit 1.

 

(b)          Residential
loan application.

 

(c)          Mortgage
Loan closing statement.

 

(d)          Verification
of employment and income, including the executed 4506T if required.

 

(e)          Verification
of acceptable evidence of source and amount of down payment.

 

(f)          Credit
report on Mortgagor, in a form acceptable to either Fannie Mae or Freddie Mac.

 

(g)          Residential
appraisal report.

 

(h)          Photograph
of the Mortgaged Property.

 

(i)          Survey
of the Mortgaged Property, unless a survey is not required by the title insurer.

 

(j)          Copy
of each instrument necessary to complete identification of any exception set forth in the exception schedule in the title policy,
i.e., map or plat, restrictions, easements, home owner association declarations, etc.

 

(k)          Copies
of all required disclosure statements.

 

(l)          If
applicable, termite report, structural engineer’s report, water potability and septic certification.

 

(m)          Sales
contract, if applicable.

 

(n)          The
Primary Mortgage Insurance policy or certificate of insurance or electronic notation of the existence of such policy, where required
pursuant to the Agreement.

 

(o)          Evidence
of electronic notation of the hazard insurance policy, and, if required by law, evidence of the flood insurance policy.

 

(p)          Any
documentation provided by the Borrower or obtained by the Seller in connection with the granting of any underwriting exception.

 

(q)          All
other documentation involved in the underwriting or origination of the related Mortgage Loan.

 

    	 

    	 

    

 

EXHIBIT 3

 

UNDERWRITING GUIDELINES

 

[ON FILE WITH THE PURCHASER]

 

    	 

    	 

    

 

EXHIBIT 4

 

MORTGAGE LOAN SCHEDULE
DATA FIELDS

 

The following data
fields will be included for each Mortgage Loan:

 

Loan Number

Borrower First Name

Borrower Last Name

Co-Borrower First Name

Co-Borrower Last Name

Property Address

Property City

Property State

Property Zip

Original Loan Amount

Original LTV

Outstanding Senior Lien Amount

Current LTV

Original Appraisal Value

Date of Appraisal

Purchase Price

Mortgage Insurance Code

Gross Coupon

Servicing Fee

Net Coupon

Gross Margin

Minimum Rate

Maximum Rate

Interest Rate at Origination

Original P&I Payment

Current P&I Payment

Note Date

Closing Date

Maturity Date

First Payment Date

Original Term

Remaining Term

Loan Purpose

Cash Out Indicator

Housing Ratio

Debt Ratio

Loan Program

Index Type

Lien Position

Property Type

 

    	 

    	 

    

 

Units

Occupancy

Documentation Type

Amortization Type

IO Period

Prepay Penalty Percent

Prepay Penalty Expiration Date

Interest Notification Period

P&I Notification Period

Rate Adjustment Frequency

Payment Adjustment Frequency

Periodic Rate Cap

Next Payment Due

Last Payment Date

Next Interest Adjust Date

Next Payment Adjust Date

30 Days Delinquent

60 Days Delinquent

90 Days Delinquent

FICO

Liquidity

Net Worth

 

    	 

    	 

    

 

EXHIBIT 5

 

FORM OF MONTHLY REMITTANCE
REPORT

 

Servicer shall provide
or cause to be provided the following information to Purchaser:

 

Investor Code

First Republic Loan Number

Investor Loan Number

Last Paid Installment

Scheduled Payment

Scheduled Interest Rate

Servicing Fee

Beginning Scheduled Balance

Unpaid Principal Balance

Ending Scheduled Balance

Scheduled Principal

Unscheduled Principal

Interest on Curtailment

Total Principal

Scheduled Interest

Total Remittance

Payoff Date

Payoff Amount

Soldier and Sailor (S&S)
Flag

S&S subsidy amount

S&S order end date

Prepayment Penalty Amount

Prepayment Amount Waived

Action Code

Investor Id

Category Code

Deal Name

Reason for Default

Breach Letter Date

Mortgagor First Name

Mortgagor Last Name

Property Street Address

City Name

Property Alpha State Code

Property ZIP Code

Next Payment Due Date

MI Company

MI Coverage %

Bankruptcy Status Code

Bankruptcy Filing Date

 

    	 

    	 

    

 

Bankruptcy Chapter Type

Bankruptcy Case Number

Bankruptcy Post Petition Due
Date

Bankruptcy Discharge Date

Bankruptcy Dismissal Date

Loss Mitigation Status Code (To
include Short sale and loan modification)

Loss Mit Approval Date

Loss Mit Type

Modified Rate

Modified First payment date

Balloon (Y) (N)

Balloon Amount

Amortization Term

Capitalized Amount

Principal Forbearance

Principal Write down Amount

Short Sale (Y) (N)

Short Sale Sales Price

Short Sale Completed Date

Foreclosure Status Code

Foreclosure Attorney Referral
Date

First Legal Date

Foreclosure Property Value

Foreclosure Property Value Type

Foreclosure Property Value Date

Scheduled Foreclosure Date

Foreclosure Sale Date

Foreclosure Sale Amount

REO Status Code

Expenses to Date

REO Eviction Start Date

REO Eviction Completed Date

REO Original Listing Price Amount

REO Current Listing Price Amount

REO Listing Start Date

REO Accepted Offer Amount

REO Accepted Offer Date

REO Completed Date

Occupancy Current Status Code

Property Condition

Property Inspection Date

Appraisal Date

Current Property Value

Repaired Property Value

Original Mortgage Amount

 

    	 

    	 

    

 

EXHIBIT 6

 

FORM OF PURCHASE PRICE
AND TERMS LETTER

 

CLOSING DATE:

 

This Purchase Price
and Terms Letter (this “PPTL”), dated as of [_________], 20[___] (the “Closing Date”), confirms the sale
by First Republic Bank (the “Seller”) to RBS Financial Products Inc. (the “Purchaser”), and the purchase
by the Purchaser from the Seller, of the first lien residential mortgage loans on a servicing retained basis described on the Mortgage
Loan Schedule attached as Schedule I hereto (the “Mortgage Loans”), pursuant to the terms of the Flow Mortgage Loan
Sale and Servicing Agreement (the “Flow Sale and Servicing Agreement”), dated as of September 7, 2012, by and between
the Purchaser and the Seller. Capitalized terms that are used herein but are not defined herein shall have the respective meanings
set forth in the Flow Sale and Servicing Agreement.

 

For good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller does hereby bargain, sell, convey, assign
and transfer to Purchaser without recourse, except as provided in the Flow Sale and Servicing Agreement, and on a servicing retained
basis, all right, title and interest of the Seller in and to each of the Mortgage Loans, together with all documents maintained
as part of the related Mortgage Files, all Mortgaged Properties which secure any Mortgage Loan but are acquired by foreclosure,
deed in lieu of foreclosure after the Cut-off Date or otherwise, all payments of principal and interest received on the Mortgage
Loans after the Cut-off Date, all other unscheduled collections collected in respect of the Mortgage Loans after the Cut-off Date,
and all proceeds of the foregoing, subject, however, to the rights of the Seller under the Flow Sale and Servicing Agreement.

 

The Seller has delivered
to the Purchaser or its designee prior to the date hereof the documents with respect to each Mortgage Loan required to be delivered
under the Flow Sale and Servicing Agreement.

 

For purposes of the
Mortgage Loans sold pursuant to this PPTL, certain terms shall be as set forth below:

 

	 	Stated Principal Balance:	$___________________________
	 	 	 
	 	Closing Date:	____________________________
	 	 	 
	 	Transfer Date:	____________________________
	 	 	 
	 	Cut-off Date:	____________________________
	 	 	 
	 	Purchase Price Percentage:	__________%
	 	 	 
	 	Servicing Fee Rate:	__________%

 

In WITNESS WHEREOF,
the parties hereto, by the hands of their duly authorized officers, execute this PPTL as of the Closing Date referred to above.

 

	RBS FINANCIAL PRODUCTS INC.	 	FIRST REPUBLIC BANK
	as Purchaser	 	as Seller
	 	 	 	 	 
	By:	 	 	By:	 
	 	 	 	 	 
	Name:	 	 	Name:	 
	 	 	 	 	 
	Its:	 	 	Its:	 

 

    	 

    	 

    

 

EXHIBIT 7

 

[RESERVED]

 

    	 

    	 

    

 

EXHIBIT 8

 

FORM OF NOTICE OF SALE
OF OWNERSHIP OF MORTGAGE LOAN

 

<<<insert date letter
is sent>>>

 

Dear <<<insert
client name>>>

 

Re: Loan # <<<insert
loan number>>>

 

We are writing you to share some information
about the mortgage you originally secured from First Republic Bank. You may know that banks often transfer or sell their loans
as a means of overall balance sheet management. In line with these accounting practices, your mortgage was transferred to <<<insert
investor name>>> on <<<insert transfer date>>>. <<<insert
investor name>>> is located at <<<insert investor address>>>
and the telephone number is <<<insert investor telephone number>>>. This letter
is being sent to you simply as a legal notice of change. This transfer does not in any way alter your direct relationship with
First Republic, and the transfer of ownership of your mortgage loan to has not been publicly recorded.

 

First Republic will continue to service
your loan as it always has, and all existing loan terms and conditions will remain in place. All loan payments should still be
sent to First Republic. Any loan payments sent to <<<insert investor name>>>
could result in late payments on your account, for which you would be responsible.

 

The transfer of the lien associated with
your loan is currently recorded, or in the future may be recorded, in the public records of the local County Recorder's office
for the county where your property is located.

 

Your points of contact at First Republic
remain the same, and you can continue to call your banker about this loan or simply contact First Republic Loan Servicing at 800-888-6994.
First Republic has the continued responsibility of addressing your questions and loan issues.

 

In the unlikely event that you find it
necessary to contact <<<insert investor name>>>, please write to us, the servicer
of your loan, at First Republic Bank, 111 Pine Street, San Francisco, CA 94111 or call 800-888-6994.

 

Sincerely,

 

Loan Servicing

First Republic Bank

 

    	 

    	 

    

 

EXHIBIT 9

 

[RESERVED]

 

    	 

    	 

    

 

ADDENDUM I

 

REGULATION AB COMPLIANCE ADDENDUM

 

TO FLOW SALE AND SERVICING AGREEMENT

 

(Servicing Retained)

 

SECTION 1. DEFINED
TERMS

 

Capitalized terms used
but not defined herein shall have the meanings assigned to such terms in the Agreement. The following terms shall have the meanings
set forth below, unless the context clearly indicates otherwise:

 

Applicable Servicing
Criteria: The “servicing criteria” set forth in Item 1122(d) of Regulation AB for which the Company is responsible
in its capacity as Servicer as identified on Exhibit B hereto, provided that such Exhibit B may be amended from time to time to
reflect changes in Regulation AB.

 

Commission:
The United States Securities and Exchange Commission.

 

Company: First
Republic Bank and its successors.

 

Company Information:
As defined in Section 2.07(a).

 

Depositor: The
depositor, as such term is defined in Regulation AB, with respect to any Securitization Transaction.

 

Exchange Act:
The Securities Exchange Act of 1934, as amended.

 

Master Servicer:
With respect to any Securitization Transaction, the “master servicer,” if any, identified in the related transaction
documents.

 

Qualified Correspondent:
Any Person from which the Company purchased Mortgage Loans, provided that this term shall not include the Purchaser or an affiliate
of the Purchaser and provided further that the following conditions are satisfied: (i) such Mortgage Loans were originated pursuant
to an agreement between the Company and such Person that contemplated that such Person would underwrite mortgage loans from time
to time, for sale to the Company, in accordance with underwriting guidelines designated by the Company (“Designated Guidelines”)
or guidelines that do not vary materially from such Designated Guidelines; (ii) such Mortgage Loans were in fact underwritten as
described in clause (i) above and were acquired by the Company within 180 days after origination; (iii) either (x) the Designated
Guidelines were, at the time such Mortgage Loans were originated, used by the Company in origination of mortgage loans of the same
type as the Mortgage Loans for the Company’s own account or (y) the Designated Guidelines were, at the time such Mortgage
Loans were underwritten, designated by the Company on a consistent basis for use by lenders in originating mortgage loans to be
purchased by the Company; and (iv) the Company employed, at the time such Mortgage Loans were acquired by the Company, pre-purchase
or post-purchase quality assurance procedures (which may involve, among other things, review of a sample of mortgage loans purchased
during a particular time period or through particular channels) designed to ensure that Persons from which it purchased mortgage
loans properly applied the underwriting criteria designated by the Company.

 

Reconstitution Agreement:
The agreement or agreements entered into by the Company and the Purchaser and/or certain third parties on the Reconstitution Date
or Dates with respect to any or all of the Mortgage Loans serviced hereunder, in connection with a Whole Loan Transfer or Securitization
Transaction.

 

    	I-1

    	 

    

 

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. 1,505, 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.

 

Securitization Transaction:
Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the
Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed
securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined
primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all
of the Mortgage Loans.

 

Servicer: As
defined in Section 2.03(c).

 

Sponsor: With
respect to any Securitization Transaction, the Person identified in writing to the Company by the Purchaser as sponsor for such
Securitization Transaction.

 

Static Pool Information:
Static pool information as described in Item 1l05(a)(l)-(3) and 1105(c) of Regulation AB.

 

Subcontractor:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions
identified in Item l122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Company or a
Subservicer, provided that this term shall not include the Purchaser, an affiliate of the Purchaser or originators of Mortgage
Loans acquired by the Company from the Purchaser or an affiliate of the Purchaser.

 

Subservicer:
Any Person that services Mortgage Loans on behalf of the Company or any Subservicer and is responsible for the performance (whether
directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions identified in
Item 1122(d) of Regulation AB that are required to be performed by the Company under this Agreement or any Reconstitution Agreement,
provided that this term shall not include the Purchaser, an affiliate of the Purchaser or originators of Mortgage Loans acquired
by the Company from the Purchaser or an affiliate of the Purchaser.

 

Third-Party Originator:
Each Person, other than a Qualified Correspondent, that originated Mortgage Loans acquired by the Company, provided that this term
shall not include originators of Mortgage Loans acquired by the Company from the Purchaser or an affiliate of the Purchaser.

 

Whole Loan Transfer:
Any sale or transfer of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.

 

SECTION 2. COMPLIANCE
WITH REGULATION AB

 

Subsection 2.01.
Intent of the Parties; Reasonableness.

 

The Purchaser and the
Company acknowledge and agree that the purpose of this Regulation AB Addendum is to facilitate compliance by the Purchaser and
any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission and that the provisions
of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or
after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date
hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under
the Securities Act, the Company acknowledges that investors in privately offered securities may require that the Purchaser or any
Depositor provide comparable disclosure in unregistered offerings. References in this Regulation AB Addendum to compliance with
Regulation AB include provision of comparable disclosure in private offerings.

 

    	I-2

    	 

    

 

Neither the Purchaser
nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other
than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations
of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities
Act). The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive
guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of
counsel, or otherwise, and agrees to comply with reasonable requests made by the Purchaser, any Master Servicer or any Depositor
in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In
connection with any Securitization Transaction, the Company shall cooperate fully with the Purchaser and any Master Servicer to
deliver to the Purchaser (including any of its assignees or designees) and one of any Master Servicer or any Depositor (as requested),
any and all statements, reports, certifications, records and any other information necessary in the good faith determination of
the Purchaser or any Depositor to permit the Purchaser, such Master Servicer or such Depositor to comply with the provisions of
Regulation AB, together with such disclosures relating to the Company, any Subservicer, any Third-Party Originator and the Mortgage
Loans, or the servicing of the Mortgage Loans, reasonably believed by the Purchaser, the Master Servicer or any Depositor to be
necessary in order to effect such compliance. The Purchaser agrees to provide the Company with reasonable prior notice of requests
for information.

 

The Purchaser and the
Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section
2.06 of this Regulation AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer,
if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction.

 

For purposes of this
Regulation AB Addendum, the term “Purchaser” shall refer to RBS Financial Products Inc. and its successors in interest
and assigns. In addition, any notice or request that must be “in writing” or “written” may be made by electronic
mail at such addresses as provided for notice under the Agreement.

 

Subsection 2.02.
Additional Representations and Warranties of the Company.

 

(a)          The
Company shall be deemed to represent to the Purchaser, to any Master Servicer and to any Depositor, as of the date on which information
is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03 that, except as disclosed in writing
to the Purchaser, such Master Servicer or such Depositor prior to such date: (i) the Company is not aware and has not received
notice that any default, early amortization or other performance triggering event with respect to the Company has occurred as to
any other securitization due to any act or failure to act of the Company; (ii) the Company has not been terminated as servicer
in a residential mortgage loan securitization, either due to a servicing default or to application of a servicing performance test
or trigger; (iii) no material noncompliance with the Servicing Criteria with respect to other securitizations of residential mortgage
loans involving the Company as servicer has been disclosed or reported by the Company; (iv) no material changes to the Company’s
policies or procedures with respect to the servicing function it will perform under this Agreement and any Reconstitution Agreement
for mortgage loans of a type similar to the Mortgage Loans have occurred during the three-year period immediately preceding the
related Securitization Transaction; (v) there are no aspects of the Company’s financial condition that are reasonably expected
to have a material adverse effect on the performance by the Company of its servicing obligations under this Agreement or any Reconstitution
Agreement; (vi) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Company,
any Subservicer or any Third-Party Originator; and (vii) there are no affiliations, relationships or transactions relating to the
Company, any Subservicer or any Third-Party Originator with respect to any Securitization Transaction and any party thereto identified
in writing to the Company by the related Depositor of a type described in Item 1119 of Regulation AB.

 

    	I-3

    	 

    

 

(b)          If
so requested in writing by the Purchaser, any Master Servicer or any Depositor on any date following the date on which information
is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03, the Company shall use its best efforts
to confirm in writing within five (5) Business Days, but in no event later than ten (10) Business Days, following such request
the accuracy of the representations and warranties set forth in paragraph (a) of this Section or, if any such representation and
warranty is not accurate as of the date of such request, provide within five (5) Business Days, but in no event later than ten
(10) Business Days, reasonably adequate disclosure of the pertinent facts, in writing, to the requesting party.

 

Subsection 2.03.
Information to Be Provided by the Company.

 

In connection with
any Securitization Transaction, the Company shall use its best efforts to (i) within five (5) Business Days, but in no event later
than ten (10) Business Days, following written request by the Purchaser or any Depositor, provide to the Purchaser and such Depositor
(or, as applicable, cause each Third-Party Originator and each Subservicer to provide), in writing and in form and substance reasonably
satisfactory to the Purchaser and such Depositor, the information and materials specified in paragraphs (a), (b), (c) and (f) of
this Section, and (ii) as promptly as practicable following notice to or discovery by the Company, provide to the Purchaser and
any Depositor (in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor) the information
specified in paragraph (d) of this Section.

 

(a)          If
so requested in writing by the Purchaser or any Depositor, the Company shall provide such information regarding (i) the Company,
as originator of the Mortgage Loans (including as an acquirer of Mortgage Loans from a Qualified Correspondent), or (ii) each Third-Party
Originator, and (iii) as applicable, each Subservicer, as is requested for the purpose of compliance with Items 1103(a)(l), 1105,
1110, 1117 and 1119 of Regulation AB. Such information shall include, at a minimum:

 

(A)         the
originator’s form of organization;

 

(B)         a
description of the originator’s origination program and how long the originator has been engaged in originating residential
mortgage loans, which description shall include a discussion of the originator’s experience in originating mortgage loans
of a similar type as the Mortgage Loans; information regarding the size and composition of the originator’s origination portfolio;
and information that may be material, in the good faith judgment of the Purchaser or any Depositor, to an analysis of the performance
of the Mortgage Loans, including the originators’ credit-granting or underwriting criteria for mortgage loans of similar
type(s) as the Mortgage Loans and such other information as the Purchaser or any Depositor may reasonably request for the purpose
of compliance with Item 1110(b)(2) of Regulation AB;

 

(C)         a
description of any legal or governmental proceedings pending (or known to be contemplated) against the Company, each Third-Party
Originator and each Subservicer that would be material to securityholders; and

 

    	I-4

    	 

    

 

(D)         a
description of any affiliation or relationship between the Company, each Third-Party Originator, each Subservicer and any of the
following parties to a Securitization Transaction, as such parties are identified to the Company by the Purchaser or any Depositor
in writing in advance of such Securitization Transaction:

 

(1)         the
sponsor; 

(2)         the
depositor; 

(3)         the
issuing entity; 

(4)         any
servicer; 

(5)         any
trustee; 

(6)         any
originator; 

(7)         any
significant obligor; 

(8)         any
enhancement or support provider; and 

(9)         any
other material transaction party.

 

(b)          If
so requested in writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party
Originator to provide) Static Pool Information solely with respect to securitized pools of mortgage loans (of a similar type as
the Mortgage Loans, as reasonably identified by the Purchaser as provided below) that were originated by the Seller or a Third
Party Originator and included in securitizations that closed during the five (5) years preceding the closing date of the related
Securitization Transaction and for which Seller or a third party was the depositor. Such Static Pool Information shall be prepared
by the Company (or Third-Party Originator) on the basis of its reasonable, good faith interpretation of the requirements of Item
1105(a)(1)-(3) of Regulation AB. To the extent that there is reasonably available to the Company (or Third-Party Originator) Static
Pool Information with respect to more than one mortgage loan type, the Purchaser or any Depositor shall be entitled to specify
whether some or all of such information shall be provided pursuant to this paragraph. The content of such Static Pool Information
may be in the form customarily provided by the Company, and need not be customized for the Purchaser or any Depositor. Such Static
Pool Information for each prior securitized pool shall be presented in increments no less frequently than quarterly over the life
of the mortgage loans included in such prior securitized pool. The most recent periodic increment must be as of a date no later
than 135 days prior to the date of the prospectus or other offering document in which the Static Pool Information is to be included
or incorporated by reference. The Static Pool Information shall be provided in an electronic format that provides a permanent record
of the information provided, such as a portable document format (pdf) file, or other such electronic format reasonably required
by the Purchaser or the Depositor, as applicable.

 

Promptly following
notice or discovery of a material error in Static Pool Information provided pursuant to the immediately preceding paragraph (including
an omission to include therein information required to be provided pursuant to such paragraph) during the applicable offering period
for the securities, the Company shall provide corrected Static Pool Information to the Purchaser or any Depositor, as applicable,
in the same format in which Static Pool Information was previously provided to such party by the Company.

 

If so requested in
writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party Originator to provide),
at the expense of the requesting party (to the extent of any additional incremental expense associated with delivery pursuant to
this Regulation AB Addendum), such statements and agreed-upon procedures letters of certified public accountants reasonably acceptable
to the Purchaser or Depositor, as applicable, pertaining to Static Pool Information relating to securitizations closed on or after
January 1, 2006, as the Purchaser or such Depositor shall reasonably request. Such statements and letters shall be addressed to
and be for the benefit of such parties as the Purchaser or such Depositor shall designate, which may include, by way of example,
any Sponsor, any Depositor and any broker dealer acting as underwriter, placement agent or initial purchaser with respect to a
Securitization Transaction. Any such statement or letter may take the form of a standard, generally applicable document accompanied
by a reliance letter authorizing reliance by the addressees designated by the Purchaser or such Depositor.

 

    	I-5

    	 

    

 

(c)          If
so requested in writing by the Purchaser or any Depositor, the Company shall provide such information regarding the Company, as
servicer of the Mortgage Loans, and each Subservicer (each of the Company and each Subservicer, for purposes of this paragraph,
a “Servicer”), as is requested for the purpose of compliance with Item 1108, 1117 and 1119 of Regulation AB. Such information
shall include, at a minimum:

 

(A)         the
Servicer’s form of organization;

 

(B)         a
description of how long the Servicer has been servicing residential mortgage loans; a general discussion of the Servicer’s
experience in servicing assets of any type as well as a more detailed discussion of the Servicer’s experience in, and procedures
for, the servicing function it will perform under the Agreement and any Reconstitution Agreements; information regarding the size,
composition and growth of the Servicer’s portfolio of residential mortgage loans of a type similar to the Mortgage Loans
and information on factors related to the Servicer that may be material, in the good faith judgment of the Purchaser or any Depositor,
to any analysis of the servicing of the Mortgage Loans or the related asset-backed securities, as applicable, including, without
limitation:

 

(1)         whether
any prior securitizations of mortgage loans of a type similar to the Mortgage Loans involving the Servicer have defaulted or experienced
an early amortization or other performance triggering event because of servicing by the Servicer during the three-year period immediately
preceding the related Securitization Transaction;

 

(2)         the
extent of outsourcing the Servicer utilizes;

 

(3)         whether
there has been previous disclosure of material noncompliance with the applicable servicing criteria with respect to other securitizations
of residential mortgage loans involving the Servicer as a servicer during the three-year period immediately preceding the related
Securitization Transaction;

 

(4)         whether
the Servicer has been terminated as servicer in a residential mortgage loan securitization, either due to a servicing default or
to application of a servicing performance test or trigger; and

 

(5)         such
other information as the Purchaser or any Depositor may reasonably request for the purpose of compliance with Item 1108(b)(2) of
Regulation AB;

 

(C)         a
description of any material changes during the three-year period immediately preceding the related Securitization Transaction to
the Servicer’s policies or procedures with respect to the servicing function it will perform under the Agreement and any
Reconstitution Agreements for mortgage loans of a type similar to the Mortgage Loans;

 

    	I-6

    	 

    

 

(D)         information
regarding the Servicer’s financial condition, to the extent that there is a material risk that an adverse financial event
or circumstance involving the Servicer could have a material adverse effect on the performance by the Company of its servicing
obligations under the Agreement or any Reconstitution Agreement;

 

(E)         information
regarding advances made by the Servicer on the Mortgage Loans and the Servicer’s overall servicing portfolio of residential
mortgage loans for the three-year period immediately preceding the related Securitization Transaction, which may be limited to
a statement by an authorized officer of the Servicer to the effect that the Servicer has made all advances required to be made
on residential mortgage loans serviced by it during such period, or, if such statement would not be accurate, information regarding
the percentage and type of advances not made as required, and the reasons for such failure to advance;

 

(F)         a
description of the Servicer’s processes and procedures designed to address any special or unique factors involved in servicing
loans of a similar type as the Mortgage Loans;

 

(G)         a
description of the Servicer’s processes for handling delinquencies, losses, bankruptcies and recoveries, such as through
liquidation of mortgaged properties, sale of defaulted mortgage loans or workouts; and

 

(H)         information
as to how the Servicer defines or determines delinquencies and charge-offs, including the effect of any grace period, re-aging,
restructuring, partial payments considered current or other practices with respect to delinquency and loss experience.

 

(I)         a
description of any legal or governmental proceedings pending (or known to be contemplated) against the Servicer that would be material
to securityholders; and

 

(J)         a
description of any affiliation or relationship between the Servicer and any of the following parties to a Securitization Transaction,
as such parties are identified to the Servicer by the Purchaser or any Depositor in writing in advance of a Securitization Transaction.

 

(1)         the
sponsor;

 

(2)         the
depositor;

 

(3)         the
issuing entity;

 

(4)         any
servicer;

 

(5)         any
trustee;

 

    	I-7

    	 

    

 

(6)         any
originator;

 

(7)         any
significant obligor;

 

(8)         any
enhancement or support provider; and

 

(9)         any
other material transaction party.

 

(d)          For
the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of asset-backed securities,
for so long as the Depositor is required to file reports under the Exchange Act with respect to a Securitization Transaction, the
Company shall (or shall cause each Subservicer and Third-Party Originator to) (i) provide prompt notice to the Purchaser, any Master
Servicer and any Depositor in writing of (A) any litigation or governmental proceedings pending against the Company, any Subservicer
or any Third-Party Originator that would be material to securityholders and (B) any affiliations or relationships that develop
following the closing date of a Securitization Transaction between the Company, any Subservicer or any Third-Party Originator and
any of the parties specified in clause (D) of paragraph (a) of this Section (and any other parties identified in writing by the
requesting party) with respect to such Securitization Transaction, but only to the extent that such affiliations or relationships
do not include the Purchaser, Depositor or any of their respective affiliates as a party, (C) any Event of Default of which it
is aware or has received notice under the terms of the Agreement or any Reconstitution Agreement, (D) any merger or consolidation
where the Company is not the surviving entity or sale of substantially all of the assets of the Company, and (E) the Company’s
entry into an agreement with a Subservicer to perform or assist in the performance of any of the Company’s obligations under
the Agreement or any Reconstitution Agreement and (ii) provide to the Purchaser and any Depositor a description of such proceedings,
affiliations or relationships.

 

(e)          As
a condition to the succession to the Company or any Subservicer as servicer or subservicer under the Agreement or any Reconstitution
Agreement by any Person (i) into which the Company or such Subservicer may be merged or consolidated, or (ii) which may be appointed
as a successor to the Company or any Subservicer, the Company shall provide to the Purchaser, any Master Servicer and any Depositor,
at least 15 calendar days prior to the effective date of such succession or appointment, (x) written notice to the Purchaser and
any Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Purchaser
and such Depositor, all information reasonably requested in writing by the Purchaser or any Depositor in order to comply with its
reporting obligation under Item 6.02 of Form 8-K with respect to any class of asset-backed securities.

 

(f)          In
addition to such information as the Company, as servicer, is obligated to provide pursuant to other provisions of the Agreement,
not later than ten (10) days prior to the deadline for the filing of any distribution report on Form 10-D in respect of any Securitization
Transaction that includes any of the Mortgage Loans serviced by the Company or any Subservicer, the Company or such Subservicer,
as applicable, shall, to the extent the Company or such Subservicer has knowledge, provide to the party responsible for filing
such report (including, if applicable, the Master Servicer) notice of the occurrence of any of the following events along with
all information, data and materials related thereto and reasonably available to it as may be required to be included in the related
distribution report on Form 10-D (as specified in the provisions of Regulation AB referenced below):

 

    	I-8

    	 

    

 

(i)          any
modifications, extensions or waivers of pool asset terms, fees, penalties or payments during the distribution period or that have
cumulatively become material over time (Item 1121(a)(11) of Regulation AB) that would be material to the securityholders;

 

(ii)         breaches
of pool asset representations or warranties or transaction covenants (Item 1121(a)(12) of Regulation AB) that would be material
to the securityholders; and

 

(iii)        information
regarding new asset-backed securities issuances backed by the same pool assets, any pool asset changes (such as additions, substitutions
or repurchases), and any changes in origination, underwriting or other criteria for acquisition or selection of pool assets (Item
1121(a)(14) of Regulation AB) that would be material to the securityholders.

 

(g)          The
Company shall provide to the Purchaser, any Master Servicer and any Depositor, upon written request, evidence of the authorization
of the person signing any certification or statement, copies or other evidence of Fidelity Bond Insurance and Errors and Omissions
Insurance policies, and, to the extent material to securityholders, such other information related to the Company or any Subservicer
of the Company’s or such Subservicer’s performance hereunder.

 

Subsection 2.04.
Servicer Compliance Statement.

 

On or before March
5th of each calendar year when the Depositor is required to file reports under the Exchange Act with respect to the related Securitization
Transaction, commencing in 2013, the Company shall deliver to the Purchaser and any Master Servicer, or any Depositor if a Master
Servicer has not been identified for the related Securitization Transaction, a statement of compliance addressed to such parties
and signed by an authorized officer of the Company, to the effect that (i) a review of the Company’s activities during the
immediately preceding calendar year (or applicable portion thereof) and of its performance under the Agreement and any applicable
Reconstitution Agreement during such period has been made under such officer’s supervision, and (ii) to the best of such
officers’ knowledge, based on such review, the Company has fulfilled all of its obligations under the Agreement and any applicable
Reconstitution Agreement in all material respects throughout such calendar year (or applicable portion thereof) or, if there has
been a failure to fulfill any such obligation in any material respect, specifically identifying each such failure known to such
officer and the nature and the status thereof.

 

Subsection 2.05.
Report on Assessment of Compliance and Attestation.

 

(a)          On
or before March 5th of each calendar year when the Depositor is required to file reports under the Exchange Act with respect to
the related Securitization Transaction, commencing in 2013, the Company shall:

 

(i)          deliver
to the Purchaser and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization
Transaction, a report (in form and substance reasonably satisfactory to such parties) regarding the Company’s assessment
of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18
of the Exchange Act and Item 1122 of Regulation AB. Such report shall be addressed to such parties and signed by an authorized
officer of the Company, and shall address each of the “Applicable Servicing Criteria,” applying such Applicable Servicing
Criteria in a manner such that “investor” shall mean any Master Servicer or Trustee on behalf of the trust;

 

    	I-9

    	 

    

 

(ii)         deliver
to the Purchaser and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization
Transaction, a report of a registered public accounting firm reasonably acceptable to such parties that attests to, and reports
on, the assessment of compliance made by the Company and delivered pursuant to the preceding paragraph. Such attestation shall
be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act;

 

(iii)        cause
each Subservicer, and each Subcontractor determined by the Company pursuant to Section 2.06(b) to be “participating in the
servicing function” within the meaning of Item 1122 of Regulation AB, to deliver to the Purchaser and any Master Servicer,
or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, an assessment of compliance
and accountants’ attestation as and when provided in paragraphs (a) and (b) of this Section; and

 

(iv)        deliver,
and cause each Subservicer, and each Subcontractor determined by the Company pursuant to Section 2.06(b) to be “participating
in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver, to the Purchaser and any Master
Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, and any other
Person that will be responsible for signing the certification (a “Sarbanes Certification”) required by Rules 13a-14(d)
and 15d-14(d) under the Exchange Act (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) on behalf of an asset-backed issuer
with respect to a Securitization Transaction a certification, signed by the appropriate officer of the Company, in the form attached
hereto as Exhibit A.

 

The Company acknowledges
that the parties identified in clause (a)(iv) above may rely on the certification provided by the Company pursuant to such clause
in signing a Sarbanes Certification and filing such with the Commission. Neither the Purchaser nor any Depositor will request delivery
of a certification under clause (a)(iv) above unless a Depositor is required under the Exchange Act to file an annual report on
Form 10-K with respect to an issuing entity whose asset pool includes Mortgage Loans.

 

(b)          Each
assessment of compliance provided by a Subservicer pursuant to Section 2.05(a)(iii) shall address each of the Applicable Servicing
Criteria for which such Subservicer is responsible for the period from and after the date of appointment of the Subservicer. An
assessment of compliance provided by a Subcontractor pursuant to Section 2.05(a)(iii) need not address any elements of the Servicing
Criteria other than those specified by the Company pursuant to Section 2.06.

 

Subsection 2.06.
Use of Subservicers and Subcontractors.

 

The Company shall not
hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Company as servicer under the
Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section. The
Company shall not hire or otherwise utilize the services of any Subcontractor, and shall not authorize any Subservicer to hire
or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Company as servicer under the
Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

 

    	I-10

    	 

    

 

(a)          It
shall not be necessary for the Company to seek the consent of the Purchaser, any Master Servicer or any Depositor to the utilization
of any Subservicer. The Company shall cause any Subservicer used by the Company (or by any Subservicer) for the benefit of the
Purchaser and any Depositor to comply with the provisions of this Section and with Sections 2.02, 2.03(c), (e), (f) and (g), 2.04,
2.05 and 2.07 of this Regulation AB Addendum to the same extent as if such Subservicer were the Company, and to provide the information
required with respect to such Subservicer under Section 2.03(d) of this Regulation AB Addendum. The Company shall be responsible
for obtaining from each Subservicer and delivering to the Purchaser and any Depositor any servicer compliance statement required
to be delivered by such Subservicer under Section 2.04, any assessment of compliance and attestation required to be delivered by
such Subservicer under Section 2.05 and any certification required to be delivered to the Person that will be responsible for signing
the Sarbanes Certification under Section 2.05 as and when required to be delivered.

 

(b)          It
shall not be necessary for the Company to seek the consent of the Purchaser, any Master Servicer or any Depositor to the utilization
of any Subcontractor. The Company shall promptly upon written request provide to the Purchaser and any Master Servicer, or any
Depositor (or any designee of the Depositor, such as an administrator) if a Master Servicer has not been identified for the related
Securitization Transaction, a written description (in form and substance reasonably satisfactory to such parties) of the role and
function of each Subcontractor utilized by the Company or any Subservicer, specifying (i) the identity of each such Subcontractor,
(ii) which (if any) of such Subcontractors are “participating in the servicing function” within the meaning of Item
1122 of Regulation AB and (iii) which elements of the Servicing Criteria will be addressed in assessments of compliance provided
by each Subcontractor identified pursuant to clause (ii) of this paragraph.

 

(c)          As
a condition to the utilization of any Subcontractor determined to be “participating in the servicing function” within
the meaning of Item 1122 of Regulation AB, the Company shall cause any such Subcontractor used by the Company (or by any Subservicer)
for the benefit of the Purchaser and any Depositor to comply with the provisions of Sections 2.05 and 2.07 of this Regulation AB
Addendum to the same extent as if such Subcontractor were the Company. The Company shall be responsible for obtaining from each
Subcontractor and delivering to the Purchaser and any Depositor any assessment of compliance and attestation required to be delivered
by such Subcontractor under Section 2.05, in each case as and when required to be delivered.

 

Subsection 2.07.
Indemnification; Remedies.

 

(a)          The
Company shall indemnify the Purchaser, each affiliate of the Purchaser, and each of the following parties participating in a Securitization
Transaction: each Sponsor; each issuing entity; each Person (including, but not limited to, any Master Servicer if applicable)
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; each broker dealer acting as underwriter, placement agent or initial purchaser,
each Person who controls any of such parties or the Depositor (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, agents and affiliates of each of
the foregoing and of the Depositor (each, an “Indemnified Party”), and shall hold each of them harmless from and against
any claims, 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-11

    	 

    

 

(i)          (A)
any untrue statement of a material fact contained or alleged to be contained in any information, report, certification, accountants’
letter or other material provided in written or electronic format under this Section 2 by or on behalf of the Company, or provided
under this Section 2 by or on behalf of any Subservicer, Subcontractor or Third-Party Originator (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; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely
by reference to the Company Information and not to any other information communicated in connection with a sale or purchase of
securities, without regard to whether the Company Information or any portion thereof is presented together with or separately from
such other information;

 

(ii)         any
breach by the Company of its obligations under this Section 2, including particularly any failure by the Company, any Subservicer,
any Subcontractor or any Third-Party Originator to deliver any information, report, certification, accountants’ letter or
other material when and as required under this Section 2, including any failure by the Company to identify pursuant to Section
2.06(b) any Subcontractor “participating in the servicing function” within the meaning of Item 1122 of Regulation AB;

 

(iii)        any
breach by the Company of a representation or warranty set forth in Section 2.02(a) or in a writing furnished pursuant to Section
2.02(b) and made as of a date prior to the closing date of the related Securitization Transaction, to the extent that such breach
is not cured by such closing date, or any breach by the Company of a representation or warranty in a writing furnished pursuant
to Section 2.02(b) to the extent made as of a date subsequent to such closing date, or

 

(iv)        the
negligence, bad faith or willful misconduct of the Company in connection with its performance under this Section 2.

 

If the indemnification
provided for herein is unavailable or insufficient to hold harmless an Indemnified Party, then the Company agrees that it shall
contribute to the amount paid or payable by such Indemnified Party as a result of any claims, losses, damages or liabilities incurred
by such Indemnified Party in such proportion as is appropriate to reflect the relative fault of such Indemnified Party on the one
hand and the Company on the other.

 

In the case of any
failure of performance described in clause (a)(ii) of this Section 2.07, the Company shall promptly reimburse the Purchaser, any
Depositor, 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 Company, any Subservicer, any Subcontractor or any Third-Party Originator.

 

    	I-12

    	 

    

 

This indemnification
shall survive the termination of the Agreement or the termination of any party to the Agreement.

 

(b)          (i)          Any
failure by the Company, any Subservicer, any Subcontractor or any Third-Party Originator to deliver any information, report, certification,
accountants’ letter or other material when and as required under this Section 2, to the extent that such failure continues
unremedied for two (2) Business Days after the date on which such information, report, certification, accountants’ letter
or other material was required to be delivered, or any breach by the Company of a representation or warranty set forth in Section
2.02(a) or in a writing furnished pursuant to Section 2.02(b) and made as of a date prior to the closing date of the related Securitization
Transaction, to the extent that such breach is not cured by such closing date, or any breach by the Company of a representation
or warranty in a writing furnished pursuant to Section 2.02(b) to the extent made as of a date subsequent to such closing date,
shall, except as provided in clause (ii) of this paragraph, immediately and automatically, without notice or grace period, constitute
an Event of Default with respect to the Company under the Agreement and any applicable Reconstitution Agreement, and shall entitle
the Purchaser or Depositor, as applicable, in its sole discretion to terminate the rights and obligations of the Company as servicer
under the Agreement and/or any applicable Reconstitution Agreement without payment (notwithstanding anything in the Agreement or
any applicable Reconstitution Agreement to the contrary) of any compensation to the Company (and, if the Company is servicing any
of the Mortgage Loans in a Securitization Transaction, appoint a successor servicer reasonably acceptable to any Master Servicer
for such Securitization Transaction); provided that to the extent that any provision of the Agreement and/or any applicable Reconstitution
Agreement expressly provides for the survival of certain rights or obligations following termination of the Company as servicer,
such provision shall be given effect.

 

(ii)         Any
failure by the Company, any Subservicer or any Subcontractor to deliver any information, report, certification or accountants’
letter when and as required under Section 2.04 or 2.05, including (except as provided below) any failure by the Company to identify
pursuant to Section 2.06(b) any Subcontractor “participating in the servicing function” within the meaning of Item
1122 of Regulation AB, which continues unremedied for ten (10) calendar days after the date on which such information, report,
certification or accountants’ letter was required to be delivered shall constitute an Event of Default with respect to the
Company under the Agreement and any applicable Reconstitution Agreement, and shall entitle the Purchaser, any Master Servicer or
any Depositor, as applicable, in its sole discretion to terminate the rights and obligations of the Company as servicer under the
Agreement and/or any applicable Reconstitution Agreement without payment (notwithstanding anything in this Agreement to the contrary)
of any compensation to the Company; provided that to the extent that any provision of the Agreement and/or any applicable Reconstitution
Agreement expressly provides for the survival of certain rights or obligations following termination of the Company as servicer,
such provision shall be given effect.

 

Neither the Purchaser
nor any Depositor shall be entitled to terminate the rights and obligations of the Company pursuant to this subparagraph (b)(ii)
if a failure of the Company to identify a Subcontractor “participating in the servicing function” within the meaning
of Items 1122 of Regulation AB was attributable solely to the role or functions of such Subcontractor with respect to mortgage
loans other than the Mortgage Loans.

 

    	I-13

    	 

    

 

(iii)        The
Company shall promptly reimburse the Purchaser (or any designee of the Purchaser), any Master Servicer and any Depositor, as applicable,
for all reasonable expenses incurred by the Purchaser (or such designee) or such Depositor, as such are incurred, in connection
with the termination of the Company as servicer and the transfer of servicing of the Mortgage Loans to a successor servicer. The
provisions of this paragraph shall not limit whatever rights the Purchaser or any Depositor may have under other provisions of
the Agreement and/or any applicable Reconstitution Agreement or otherwise, whether in equity or at law, such as an action for damages,
specific performance or injunctive relief.

 

Subsection 2.08.
Third-party Beneficiary.

 

For purposes of this
Regulation AB Addendum and any related provisions thereto, each Master Servicer shall be considered a third-party beneficiary of
the Agreement, entitled to all the rights and benefits hereof as if it were a direct party to the Agreement.

 

    	I-14

    	 

    

 

EXHIBIT A

 

FORM OF ANNUAL CERTIFICATION

 

Re:         The
[      ] agreement dated as of [    ], 20[ ] (the “Agreement”), among
[IDENTIFY PARTIES]

 

I, ________________________________, the
_____________________ of ________________________ certify to [the Purchaser], [the Depositor], and the [Master Servicer] [Securities
Administrator] [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 and identified as the responsibility of the Company on Exhibit B to the Regulation AB Compliance Addendum to the
Agreement (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 20[___] that were delivered
by the Company to the [Depositor] [Master Servicer] 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];

 

(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

 

(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:

 

    	I-15

    	 

    

 

EXHIBIT B

 

SERVICING CRITERIA TO BE ADDRESSED
IN ASSESSMENT OF COMPLIANCE

 

The assessment of compliance to be delivered
by [the Company] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as “Applicable Servicing
Criteria”;

 

	Servicing Criteria	 	Applicable
 Servicing
 Criteria
	Reference	 	Criteria	 	 
	 	 	 	 	 
	 	 	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
	 	 	 	 	 
	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.	 	x
	 	 	 	 	 
	1122(d)(1)(iii)	 	Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans 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
	 	 	 	 	 
	 	 	Cash Collection and Administration	 	 
	 	 	 	 	 
	1122(d)(2)(i)	 	Payments on mortgage loans 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
	 	 	 	 	 
	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
	 	 	 	 	 
	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
	 	 	 	 	 
	1122(d)(2)(iv)	 	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	 	x

 

    	I-16

    	 

    

 

	Servicing Criteria	 	Applicable
 Servicing
 Criteria
	Reference	 	Criteria	 	 
	 	 	 	 	 
	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
	 	 	 	 	 
	1122(d)(2)(vi)	 	Unissued checks are safeguarded so as to prevent unauthorized access.	 	x
	 	 	 	 	 
	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
	 	 	 	 	 
	 	 	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 mortgage loans serviced by the Servicer.	 	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
	 	 	 	 	 
	1122(d)(3)(iii)	 	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	 	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
	 	 	 	 	 

 

    	I-17

    	 

    

 

	Servicing Criteria	 	Applicable
 Servicing
 Criteria
	Reference	 	Criteria	 	 
	 	 	 	 	 
	 	 	Pool Asset Administration	 	 
	 	 	 	 	 
	1122(d)(4)(i)	 	Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	 	x
	 	 	 	 	 
	1122(d)(4)(ii)	 	Mortgage loan and related documents are safeguarded as required by the transaction agreements	 	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
	 	 	 	 	 
	1122(d)(4)(iv)	 	Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the 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 mortgage loan documents.	 	x
	 	 	 	 	 
	1122(d)(4)(v)

                                     
	 	The Servicer’s records regarding the mortgage loans agree with the 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 mortgage loans (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
	 	 	 	 	 
	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
	 	 	 	 	 
	1122(d)(4)(viii)	 	Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans 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 mortgage loans with variable rates are computed based on the related mortgage loan documents.	 	x

 

    	I-18

    	 

    

 

	Servicing Criteria	 	Applicable
 Servicing
 Criteria
	Reference	 	Criteria	 	 
	 	 	 	 	 
	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 mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the Mortgage Loans, or such other number of days specified in the transaction agreements.	 	x
	 	 	 	 	 
	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 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 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 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
	 	 	 	 	 
	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.	 	 

 

    	I-19

    	 

    

 

EXHIBIT D-3

 

 

INITIAL AUTHORIZED REPRESENTATIVES
OF THE SERVICER

 

	Name	 	Title	 	Specimen Signature
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

    	 

    	 

    

  

EXHIBIT F

 

REQUEST FOR RELEASE OF DOCUMENTS

 

		To:	Wells Fargo Bank, N.A.                                                                                                                    Date:
_______________

751
Kasota Avenue

Minneapolis,
MN 55414

Attn:
WFDC Release Department.

 

		Re:	Custodial Agreement, dated as of January 1, 2013, among
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Wells Fargo Bank, N.A., as Custodian, Sequoia
Residential Funding, Inc., as Depositor, and Redwood Residential Acquisition Corporation, as Seller

 

In
connection with the administration of the Mortgage Loans held by you as Custodian for the Trustee pursuant to the above-captioned
Custodial Agreement, we request the release of the Custodian’s Mortgage File for the Mortgage Loan described below, for
the reason indicated.

 

 

	Mortgage
    Loan Number:                                        	 	Investor
    Number:  _________________
	 	 	 
	Mortgagor Name, Address & Zip Code:             	 	Pool Number:  ____________________

  

Reason for Requesting Documents (check one):

 

_______ 1. Mortgage Paid in Full 

 

_______ 2. Foreclosure

 

_______ 3. Substitution

 

_______ 4. Other Liquidation

 

_______ 5. Non-liquidation                                                                 Reason:__________________

 

                                                                                                                  For CMI Use Only:_____________

 

By:____________________________________________

       (Authorized Signature)

 

Printed Name ___________________________________

 

Servicer Name:______________________________ ____

 

Ship To Address: ________________________________

________________________________

 

    	 

    	 

    
 

 

Phone:   _____ ______________

 

 

Custodian

 

Please acknowledge the execution of the above request by
your signature and date below:

 

	 	 	Date	 
	Signature	 	 	 
	 	 	 	 
	Documents returned to Custodian:	 	 	 
	 	 	 	 
	 	 	Date	 
	Custodian	 	 	 

 

    	 

    	 

    
 

EXHIBIT 10

 

FORM OF MONTHLY LOSS REPORT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

	Exhibit : Calculation of Realized Loss/Gain Form 332– Instruction Sheet

NOTE:
Do not net or combine items. Show all expenses individually and all credits as separate line items. Claim packages are due on
the remittance report date. Late submissions may result in claims not being passed until the following month. The Servicer is
responsible to remit all funds pending loss approval and /or resolution of any disputed items.

 

The numbers on the 332 form correspond with
the numbers listed below.

 

Liquidation and Acquisition Expenses:

		1.	The Actual Unpaid Principal Balance of the Mortgage Loan. For documentation, an Amortization Schedule from date of default
through liquidation breaking out the net interest and servicing fees advanced is required.

 

		2.	The Total Interest Due less the aggregate amount of servicing fee that would have been earned if
all delinquent payments had been made as agreed. For documentation, an Amortization Schedule from date of default through liquidation
breaking out the net interest and servicing fees advanced is required.
	 	 	 

		3.	Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated
on a monthly basis. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest
and servicing fees advanced is required.
	 	 	 

		4-12.	Complete as applicable. Required documentation:

* For taxes
and insurance advances – see page 2 of 332 form - breakdown required showing period

of coverage,
base tax, interest, penalty. Advances prior to default require evidence of servicer efforts to recover advances.

* For escrow
advances - complete payment history

(to calculate
advances from last positive escrow balance forward)

* Other expenses
-  copies of corporate advance history showing all payments

* REO repairs
> $1500 require explanation

* REO repairs
>$3000 require evidence of at least 2 bids.

* Short Sale
or Charge Off require P&L supporting the decision and WFB’s approved Officer Certificate

* Unusual
or extraordinary items may require further documentation.

 

		13.	The total of lines 1 through 12.

Credits: 

 

		14-21.	Complete as applicable. Required documentation:

* Copy of
the HUD 1 from the REO sale. If a 3rd Party Sale, bid instructions and Escrow Agent / Attorney

Letter of
Proceeds Breakdown.

* Copy of
EOB for any MI or gov't guarantee

* All other
credits need to be clearly defined on the 332 form            

 

		22.	The total of lines 14 through 21.

			

Please Note:For HUD/VA
loans, use line (18a) for Part A/Initial proceeds and line (18b) for Part B/Supplemental proceeds.

 

Total Realized Loss (or Amount
of Any Gain)

		23.	The total derived from
subtracting line 22 from 13. If the amount represents a realized gain, show the amount in parenthesis ( ).

 

Page 1
of 3

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

    	 

    	 

    

 

Exhibit
3A: Calculation of Realized Loss/Gain Form 332

 

Prepared by: __________________Date: _______________

Phone: ______________________ Email Address:_____________________

 

	
        Servicer Loan No.

         
	 	
        Servicer Name

         
	 	
        Servicer Address

         

         

 

WELLS
FARGO BANK, N.A. Loan No._____________________________

 

Borrower's Name: _________________________________________________________

Property Address: _________________________________________________________

 

	Liquidation Type: REO Sale	3rd Party Sale	Short Sale	Charge Off

  

	Was this loan granted a Bankruptcy deficiency or cramdown	Yes	No
	If “Yes”, provide
    deficiency or cramdown amount                                        
    	 	 

  

	Liquidation and Acquisition Expenses:	 	 
	(1) Actual Unpaid Principal Balance of Mortgage Loan	$ ______________	(1)
	(2) Interest accrued at Net Rate	________________	(2)
	(3) Accrued Servicing Fees	________________	(3)
	(4) Attorney's Fees	________________	(4)
	(5) Taxes (see page 2)	________________	(5)
	(6) Property Maintenance	________________	(6)
	(7) MI/Hazard Insurance Premiums (see page 2)	________________	(7)
	(8) Utility Expenses	________________	(8)
	(9) Appraisal/BPO	________________	(9)
	(10) Property Inspections	________________	(10)
	(11) FC Costs/Other Legal Expenses	________________	(11)
	(12) Other (itemize)	________________	(12)
	Cash for Keys__________________________	________________	(12)
	HOA/Condo Fees_______________________	________________	(12)
	                                                     	________________	(12)
	 	 	 
	Total Expenses	$ _______________	(13)
	Credits:	 	 
	(14) Escrow Balance	$ _______________	(14)
	(15) HIP Refund	________________	(15)
	(16) Rental Receipts	________________	(16)
	(17) Hazard Loss Proceeds	________________	(17)
	(18) Primary Mortgage Insurance / Gov’t Insurance	________________	(18a)
	HUD Part A	

________________ 	(18b)
	 	 	 
	HUD Part B	 	 
	(19) Pool Insurance Proceeds	________________	(19)
	(20) Proceeds from Sale of Acquired Property	________________	(20)
	(21) Other (itemize)	________________	(21)
	_________________________________________	________________	(21)
	 	 	 
	Total Credits	$________________	(22)
	Total Realized Loss (or Amount of Gain)	$________________	(23)

 

Page 2
of 3

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

    	 

    	 

    

 

Escrow Disbursement Detail

 

 

	
        Type

        (Tax /Ins.)
	Date Paid	Period of Coverage	Total Paid	Base Amount	Penalties	Interest
	 

                                                                                 
	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 
	 	 

                                                                                 

                                                                                 
	 	 	 	 	 
	 	 

                                                                                 
	 

                                                                                 

                                                                                 
	 	 	 	 

 

Page 3
of 3

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

EXHIBIT 11

 

FORM OF DELINQUENCY REPORTING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 1
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

 

    	 

    	 

    

 

 

Exhibit
: Standard File Layout – Delinquency Reporting

 

*The column/header names in bold
are the minimum fields Wells Fargo must receive from every Servicer

 

	Column/Header Name	  Description	Decimal	  Format

Comment
	SERVICER_LOAN_NBR	A unique number assigned to a loan by the Servicer. 

This may be different than the LOAN_NBR	 	 
	 	 	 	 
	LOAN_NBR	 A unique identifier assigned to each loan by the 

originator.	 	 
	 	 	 	 
	CLIENT_NBR	Servicer Client Number	 	 
	 	 	 	 
	SERV_INVESTOR_NBR	Contains a unique number as assigned by an 

external servicer to identify a group of loans in 

their system.	 	 
	 	 	 	 
	BORROWER_FIRST_NAME	First Name of the Borrower.	 	 
	 	 	 	 
	BORROWER_LAST_NAME	Last name of the borrower.	 	 
	 	 	 	 
	PROP_ADDRESS	Street Name and Number of Property	 	 
	 	 	 	 
	PROP_STATE	The state where the property located.	 	 
	 	 	 	 
	PROP_ZIP	Zip code where the property is located.	 	 
	 	 	 	 
	BORR_NEXT_PAY_DUE_DATE	The date that the borrower's next payment is due 

to the servicer at the end of processing cycle, as 

reported by Servicer.	 	  MM/DD/YYYY
	 	 	 	 
	LOAN_TYPE	  Loan Type (i.e. FHA, VA, Conv)	 	 
	 	 	 	 
	BANKRUPTCY_FILED_DATE	  The date a particular bankruptcy claim was filed.	 	  MM/DD/YYYY
	 	 	 	 
	BANKRUPTCY_CHAPTER_CODE	  The chapter under which the bankruptcy was filed.	 	 
	 	 	 	 
	BANKRUPTCY_CASE_NBR	  The case number assigned by the court to the bankruptcy filing.	 	 
	 	 	 	 
	POST_PETITION_DUE_DATE	  The payment due date once the bankruptcy has 

been approved by the courts	 	  MM/DD/YYYY
	 	 	 	 
	BANKRUPTCY_DCHRG_DISM_DATE	  The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. 	 	  MM/DD/YYYY
	 	 	 	 
	LOSS_MIT_APPR_DATE	  The Date The Loss Mitigation Was Approved By The Servicer	 	  MM/DD/YYYY
	 	 	 	 
	LOSS_MIT_TYPE	  The Type Of Loss Mitigation Approved For A Loan Such As;	 	 
	 	 	 	 
	LOSS_MIT_EST_COMP_DATE	  The Date The Loss Mitigation /Plan Is Scheduled To End/Close	 	  MM/DD/YYYY
	 	 	 	 
	LOSS_MIT_ACT_COMP_DATE	  The Date The Loss Mitigation Is Actually Completed	 	  MM/DD/YYYY
	 	 	 	 

 

Page 1
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

	Column/Header Name	  Description	Decimal	  Format

Comment
	FRCLSR_APPROVED_DATE	  The date DA Admin sends a letter to the servicer 

with instructions to begin foreclosure 

proceedings.	 	  MM/DD/YYYY
	 	 	 	 
	ATTORNEY_REFERRAL_DATE	  Date File Was Referred To Attorney to Pursue 

Foreclosure	 	  MM/DD/YYYY
	 	 	 	 
	FIRST_LEGAL_DATE	  Notice of 1st legal filed by an Attorney in a 

Foreclosure Action	 	  MM/DD/YYYY
	 	 	 	 
	FRCLSR_SALE_EXPECTED_DATE	  The date by which a foreclosure sale is expected to occur.	 	  MM/DD/YYYY
	 	 	 	 
	FRCLSR_SALE_DATE	  The actual date of the foreclosure sale.	 	  MM/DD/YYYY
	 	 	 	 
	FRCLSR_SALE_AMT	  The amount a property sold for at the 

foreclosure sale.	  2	  No commas(,)

or dollar 

signs ($)
	 	 	 	 
	EVICTION_START_DATE	  The date the servicer initiates eviction of the 

borrower.	 	  MM/DD/YYYY
	 	 	 	 
	EVICTION_COMPLETED_DATE	  The date the court revokes legal possession of 

the property from the borrower.	 	  MM/DD/YYYY
	 	 	 	 
	LIST_PRICE	  The price at which an REO property is marketed.	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	LIST_DATE	  The date an REO property is listed at a particular 

price.	 	  MM/DD/YYYY
	 	 	 	 
	OFFER_AMT	  The dollar value of an offer for an REO property.	  2	  No commas(,)

 or dollar 

signs ($)
	 	 	 	 
	OFFER_DATE_TIME	  The date an offer is received by DA Admin or by 

the Servicer.	 	  MM/DD/YYYY
	 	 	 	 
	REO_CLOSING_DATE	  The date the REO sale of the property is 

scheduled to close.	 	  MM/DD/YYYY
	 	 	 	 
	REO_ACTUAL_CLOSING_DATE	  Actual Date Of REO Sale	 	  MM/DD/YYYY
	 	 	 	 
	OCCUPANT_CODE	  Classification of how the property is occupied.	 	 
	 	 	 	 
	PROP_CONDITION_CODE	  A code that indicates the condition of the 

property.	 	 
	 	 	 	 
	PROP_INSPECTION_DATE	  The date a property inspection is performed.	 	  MM/DD/YYYY
	 	 	 	 
	APPRAISAL_DATE	  The date the appraisal was done.	 	  MM/DD/YYYY
	 	 	 	 
	CURR_PROP_VAL	   The current "as is" value of the property based 

on brokers price opinion or appraisal.	  2	 
	 	 	 	 
	REPAIRED_PROP_VAL	  The amount the property would be worth if 

repairs are completed pursuant to a broker's 

price opinion or appraisal.	  2	 
	 	 	 	 

 

Page 2
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

	If applicable:	 	 	 
	 	 	 	 
	DELINQ_STATUS_CODE	  FNMA Code Describing Status of Loan	 	 
	 	 	 	 
	DELINQ_REASON_CODE	  The circumstances which caused a borrower to 

stop paying on a loan. Code indicates the reason 

why the loan is in default for this cycle.	 	 
	 	 	 	 
	MI_CLAIM_FILED_DATE	  Date Mortgage Insurance Claim Was Filed With 

Mortgage Insurance Company.	 	  MM/DD/YYYY
	 	 	 	 
	MI_CLAIM_AMT	  Amount of Mortgage Insurance Claim Filed	 	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	MI_CLAIM_PAID_DATE	  Date Mortgage Insurance Company Disbursed 

Claim Payment	 	  MM/DD/YYYY
	 	 	 	 
	MI_CLAIM_AMT_PAID	  Amount Mortgage Insurance Company Paid On Claim	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	POOL_CLAIM_FILED_DATE	  Date Claim Was Filed With Pool Insurance Company	 	  MM/DD/YYYY
	 	 	 	 
	POOL_CLAIM_AMT	  Amount of Claim Filed With Pool Insurance Company	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	POOL_CLAIM_PAID_DATE	  Date Claim Was Settled and The Check Was Issued 

By The Pool Insurer	 	  MM/DD/YYYY
	 	 	 	 
	POOL_CLAIM_AMT_PAID	  Amount Paid On Claim By Pool Insurance Company	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	FHA_PART_A_CLAIM_FILED_DATE	   Date FHA Part A Claim Was Filed With HUD	 	  MM/DD/YYYY
	 	 	 	 
	FHA_PART_A_CLAIM_AMT	   Amount of FHA Part A Claim Filed	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	FHA_PART_A_CLAIM_PAID_DATE	   Date HUD Disbursed Part A Claim Payment	 	  MM/DD/YYYY
	 	 	 	 
	FHA_PART_A_CLAIM_PAID_AMT	   Amount HUD Paid on Part A Claim	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 

 

Page 3
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

 

    	 

    	 

    

 

	FHA_PART_B_CLAIM_FILED_DATE	    Date FHA Part B Claim Was Filed With HUD	 	  MM/DD/YYYY
	 	 	 	 
	FHA_PART_B_CLAIM_AMT	    Amount of FHA Part B Claim Filed	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	FHA_PART_B_CLAIM_PAID_DATE	     Date HUD Disbursed Part B Claim Payment	 	  MM/DD/YYYY
	 	 	 	 
	FHA_PART_B_CLAIM_PAID_AMT	   AMOUNT HUD PAID ON PART B CLAIM	  2	  No commas(,) 

or dollar 

signs ($)
	 	 	 	 
	VA_CLAIM_FILED_DATE	   Date VA Claim Was Filed With the Veterans Admin	 	  MM/DD/YYYY
	 	 	 	 
	VA_CLAIM_PAID_DATE	   DATE VETERANS ADMIN. DISBURSED VA CLAIM PAYMENT	 	  MM/DD/YYYY
	 	 	 	 
	VA_CLAIM_PAID_AMT	   AMOUNT VETERANS ADMIN. PAID ON VA CLAIM	  2	  No commas(,) 

or dollar 

signs ($)
	MOTION_FOR_RELIEF_DATE	The date the Motion for Relief was filed	10	MM/DD/YYYY
	FRCLSR_BID_AMT	The foreclosure sale bid amount	11	No commas(,) or dollar signs ($)
	FRCLSR_SALE_TYPE	The foreclosure sales results: REO, Third Party, Conveyance to HUD/VA	 	 
	REO_PROCEEDS	The net proceeds from the sale of the REO property. 	 	No commas(,) or dollar signs ($)
	BPO_DATE	The date the BPO was done.	 	 
	CURRENT_FICO	The current FICO score	 	 
	HAZARD_CLAIM_FILED_DATE	The date the Hazard Claim was filed with the Hazard Insurance Company.	10	MM/DD/YYYY
	HAZARD_CLAIM_AMT	The amount of the Hazard Insurance Claim filed.	11	No commas(,) or dollar signs ($)
	HAZARD_CLAIM_PAID_DATE	The date the Hazard Insurance Company disbursed the claim payment.	10	MM/DD/YYYY
	HAZARD_CLAIM_PAID_AMT	The amount the Hazard Insurance Company paid on the claim.	11	No commas(,) or dollar signs ($)
	ACTION_CODE	Indicates loan status	 	Number
	NOD_DATE	 	 	MM/DD/YYYY
	NOI_DATE	 	 	MM/DD/YYYY
	ACTUAL_PAYMENT_PLAN_START_DATE	 	 	MM/DD/YYYY
	ACTUAL_PAYMENT_ PLAN_END_DATE	 	 	 
	ACTUAL_REO_START_DATE	 	 	MM/DD/YYYY
	REO_SALES_PRICE	 	 	Number
	REALIZED_LOSS/GAIN	As defined in the Servicing Agreement	 	Number

 

Exhibit
2: Standard File Codes – Delinquency Reporting

 

The Loss Mit Type field should show the approved
Loss Mitigation Code as follows:

		·	ASUM-Approved
Assumption

		·	BAP-Borrower
Assistance Program

		·	CO-
Charge Off

		·	DIL-
Deed-in-Lieu

		·	FFA-
Formal Forbearance Agreement

		·	MOD-
Loan Modification

		·	PRE-
Pre-Sale

		·	SS-
Short Sale

		·	MISC-Anything
else approved by the PMI or Pool Insurer

 

 

Page 4
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

NOTE: Wells Fargo Bank will accept alternative
Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other
than those above are used, the Servicer must supply Wells Fargo Bank with a description of each of the Loss Mitigation Types prior
to sending the file.

 

The Occupant Code field should show the current
status of the property code as follows:

		·	Mortgagor

		·	Tenant

		·	Unknown 

		·	Vacant

 

The Property Condition field should show the last
reported condition of the property as follows:

		·	Damaged

		·	Excellent

		·	Fair

		·	Gone

		·	Good

		·	Poor

		·	Special Hazard

		·	Unknown

 

Page 5
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued

 

The FNMA Delinquent Reason Code field should show
the Reason for Delinquency as follows:

 

	Delinquency Code	Delinquency Description
	001	FNMA-Death of principal mortgagor
	002	FNMA-Illness of principal mortgagor
	003	FNMA-Illness of mortgagor’s family member
	004	FNMA-Death of mortgagor’s family member
	005	FNMA-Marital difficulties
	006	FNMA-Curtailment of income
	007	FNMA-Excessive Obligation
	008	FNMA-Abandonment of property
	009	FNMA-Distant employee transfer
	011	FNMA-Property problem
	012	FNMA-Inability to sell property
	013	FNMA-Inability to rent property
	014	FNMA-Military Service
	015	FNMA-Other
	016	FNMA-Unemployment
	017	FNMA-Business failure
	019	FNMA-Casualty loss
	022	FNMA-Energy environment costs
	023	FNMA-Servicing problems
	026	FNMA-Payment adjustment
	027	FNMA-Payment dispute
	029	FNMA-Transfer of ownership pending
	030	FNMA-Fraud
	031	FNMA-Unable to contact borrower
	INC	FNMA-Incarceration

 

Page 6
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    
 

 

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued

 

The FNMA Delinquent Status Code field should show
the Status of Default as follows:

 

	Status Code	Status Description
	09	Forbearance
	17	Pre-foreclosure Sale Closing Plan Accepted
	24	Government Seizure
	26	Refinance
	27	Assumption
	28	Modification
	29	Charge-Off
	30	Third Party Sale
	31	Probate
	32	Military Indulgence
	43	Foreclosure Started
	44	Deed-in-Lieu Started
	49	Assignment Completed
	61	Second Lien Considerations
	62	Veteran’s Affairs-No Bid
	63	Veteran’s Affairs-Refund
	64	Veteran’s Affairs-Buydown
	65	Chapter 7 Bankruptcy
	66	Chapter 11 Bankruptcy
	67	Chapter 13 Bankruptcy

 

Page 7
of 7

Please be advised that failure to comply
with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.comEXHIBIT 10.3

 

AMENDMENT NO. 1 TO

 

FLOW MORTGAGE LOAN SERVICING AGREEMENT

 

THIS AMENDMENT NO. 1 TO FLOW MORTGAGE LOAN SERVICING AGREEMENT (the “Amendment”), dated November 3rd, 2011 is hereby executed by and between REDWOOD RESIDENTIAL ACQUISITION CORPORATION, a Delaware corporation, as owner of mortgage loans, including the related servicing rights (the “Owner”), and CENLAR FSB, a federal savings bank, as servicer of such mortgage loans (the “Servicer”).

 

WITNESSETH:

 

WHEREAS, the Owner and the Servicer have entered into that certain Flow Mortgage Loan Servicing Agreement dated August 1, 2011(the “Agreement”); and

 

WHEREAS, the Owner and the Servicer desire to amend the Agreement pursuant to Section 25 of the Agreement as set forth herein;

 

NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Owner and the Servicer agree as follows:

 

1.           The first sentence of Section 11.16(a) of the Agreement shall be amended and replaced, to read in its entirety as follows:

 

“Not later than the fifth (5th) Business Day of each calendar month, the Servicer shall forward to the Owner a statement in the form specified and with the information required by the monthly reporting format of the Master Servicer, as provided to the Servicer by the Owner.”

 

2.           From and after the date of this Agreement, all references to the “Agreement” shall mean the Agreement as amended hereby.

 

  

  

  

 

IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized on the date first above written.

 

	  	
REDWOOD RESIDENTIAL ACQUISITION CORPORATION,

	  	
as Owner

	  	  
	  	
By:

	
/s/ John Isbrandtsen

	  	
Name: John Isbrandtsen

	  	
Title: Authorized Officer

	  	  
	  	
CENLAR, FSB,

	  	
as Servicer

	  	  
	  	
By:

	
/s/ Gregory S. Tornquist

	  	
Name: Gregory S. Tornquist

	  	
Title: President and Chief Executive Officer

 

[Amendment No. 1 to Flow Mortgage Loan Servicing Agreement]

 

 

  

  

  

EXECUTION VERSION

 

	 

 

FLOW MORTGAGE LOAN SERVICING AGREEMENT

 

between

 

CENLAR FSB,

as Servicer,

 

and

 

REDWOOD RESIDENTIAL ACQUISITION CORPORATION,

as Owner

 

August 1, 2011

 

Residential Mortgage Loans

 

  

  

  

 

TABLE OF CONTENTS

 

	  	  	
Page

	  	  	  
	
SECTION 1.

	
Definitions

	
1

	  	  	  
	
SECTION 2.

	
Acknowledgement

	
14

	  	  	  
	
SECTION 3.

	
Mortgage Loan Schedule

	
14

	  	  	  
	
SECTION 4.

	
Delivery of Servicing Files; Possession of Mortgage Files; Transfer Costs

	
14

	  	  	  
	
Subsection 4.01

	
Delivery of Servicing Files

	
14

	  	  	  
	
Subsection 4.02

	
Possession of Mortgage Files

	
15

	  	  	  
	
Subsection 4.03

	
Transfer Expenses

	
15

	  	  	  
	
SECTION 5.

	
Inspection of Documents

	
15

	  	  	  
	
SECTION 6.

	
Helping Families Notice

	
15

	  	  	  
	
SECTION 7.

	
Representations and Warranties; Effect of Breach

	
16

	  	  	  
	
Subsection 7.01

	
Servicer Representations and Warranties

	
16

	  	  	  
	
Subsection 7.02

	
Owner Representations and Warranties

	
17

	  	  	  
	
Subsection 7.03

	
Representations and Warranties Regarding Individual Mortgage Loans

	
19

	  	  	  
	
Subsection 7.04

	
Repurchase or Substitution of Mortgage Loans by Originator

	
20

	  	  	  
	
SECTION 8.

	
[Reserved.]

	
20

	  	  	  
	
SECTION 9.

	
Closing Conditions

	
20

	  	  	  
	
SECTION 10.

	
Costs

	
21

	  	  	  
	
SECTION 11.

	
Administration and Servicing of Mortgage Loans

	
21

	  	  	  
	
Subsection 11.01

	
Servicer to Act as Servicer; Subservicing

	
21

	  	  	  
	
Subsection 11.02

	
Liquidation of Mortgage Loans

	
24

	  	  	  
	
Subsection 11.03

	
Collection of Mortgage Loan Payments

	
24

	  	  	  
	
Subsection 11.04

	
Establishment of Custodial Account; Deposits in Custodial Account

	
25

	  	  	  
	
Subsection 11.05

	
Withdrawals From the Custodial Account

	
27

	  	  	  
	
Subsection 11.06

	
Establishment of Escrow Account; Deposits in Escrow Account

	
28

	  	  	  
	
Subsection 11.07

	
Withdrawals From Escrow Account

	
28

	  	  	  
	
Subsection 11.08

	
Payment of Taxes, Insurance and Other Charges; Collections Thereunder

	
29

	  	  	  
	
Subsection 11.09

	
Transfer of Accounts

	
29

	  	  	  
	
Subsection 11.10

	
Maintenance of Hazard Insurance

	
30

 

  

i

  

 

	 	 	Page 
	 	 	 
	
Subsection 11.11

	
Maintenance of Primary Mortgage Insurance Policy; Claims

	
31

	  	  	  
	
Subsection 11.12

	
Fidelity Bond; Errors and Omissions Insurance

	
31

	  	  	  
	
Subsection 11.13

	
Title, Management and Disposition of REO Property

	
32

	 	 	 
	
Subsection 11.14

	
Servicing Compensation

	
32

	  	  	  
	
Subsection 11.15

	
Distributions

	
33

	  	  	  
	
Subsection 11.16

	
Statements to the Owner

	
34

	  	  	  
	
Subsection 11.17

	
[Reserved]

	
34

	  	  	  
	
Subsection 11.18

	
Assumption Agreements

	
34

	  	  	  
	
Subsection 11.19

	
Satisfaction of Mortgages and Release of Mortgage Files

	
35

	  	  	  
	
Subsection 11.20

	
Servicer Shall Provide Access and Information as Reasonably Required

	
36

	  	  	  
	
Subsection 11.21

	
Inspections

	
36

	  	  	  
	
Subsection 11.22

	
Restoration of Mortgaged Property

	
36

	  	  	  
	
Subsection 11.23

	
Fair Credit Reporting Act

	
37

	 	 	 
	
Subsection 11.24

	
Prepayment Charges

	
37

	  	  	  
	
Subsection 11.25

	
Recovery and Reimbursement of Advances

	
37

	  	  	  
	
SECTION 12.

	
The Servicer

	
38

	  	  	  
	
Subsection 12.01

	
Indemnification; Third Party Claims

	
38

	  	  	  
	
Subsection 12.02

	
Merger or Consolidation of the Servicer

	
39

	  	  	  
	
Subsection 12.03

	
Limitation on Liability of the Servicer and Others

	
39

	  	  	  
	
Subsection 12.04

	
Servicer Resignation Requirements

	
40

	  	  	  
	
Subsection 12.05

	
No Liability for Failure to Deliver Servicing Files

	
40

	  	  	  
	
SECTION 13.

	
Default

	
40

	  	  	  
	
Subsection 13.01

	
Events of Default

	
40

	  	  	  
	
Subsection 13.02

	
Waiver of Default

	
41

	  	  	  
	
SECTION 14.

	
Termination

	
42

	  	  	  
	
Subsection 14.01

	
Termination

	
42

	 	 	 
	
Subsection 14.02

	
Successors to the Servicer

	
42

	  	  	  
	
Subsection 14.03

	
Termination by Owner

	
43

	  	  	  
	
SECTION 15.

	
Notices

	
44

	  	  	  
	
SECTION 16.

	
Severability Clause

	
44

	  	  	  
	
SECTION 17.

	
No Partnership

	
45

 

  

ii

  

 

	 	 	Page 
	 	 	 
	
SECTION 18.

	
Counterparts

	
45

	  	  	  
	
SECTION 19.

	
Governing Law; Choice of Forum; Waiver of Jury Trial

	
45

	  	  	  
	
SECTION 20.

	
Reserved

	
46

	  	  	  
	
SECTION 21.

	
Waivers

	
46

	 	 	 
	
SECTION 22.

	
Exhibits

	
46

	  	  	  
	
SECTION 23.

	
General Interpretive Principles

	
46

	  	  	  
	
SECTION 24.

	
Reproduction of Documents

	
47

	  	  	  
	
SECTION 25.

	
Amendment

	
47

	  	  	  
	
SECTION 26.

	
Confidentiality

	
47

	  	  	  
	
SECTION 27.

	
Entire Agreement

	
47

	  	  	  
	
SECTION 28.

	
Further Agreements

	
48

	  	  	  
	
SECTION 29.

	
Successors and Assigns

	
48

	  	  	  
	
SECTION 30.

	
Non-Solicitation

	
48

	  	  	  
	
SECTION 31.

	
Protection of Consumer Information

	
49

	  	  	  
	
SECTION 32.

	
Cooperation of the Servicer With a Reconstitution; Regulation AB Compliance

	
50

 

  

iii

  

 

EXHIBITS

 

	
EXHIBIT 1

	
FORM OF SERVICER ACKNOWLEDGEMENT

	  	  
	
EXHIBIT 2

	
FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN

	  	  
	
EXHIBIT 3

	
TRANSFER INSTRUCTIONS

	  	  
	
ADDENDUM I

	
REGULATION AB COMPLIANCE ADDENDUM

	  	  
	
ADDENDUM II

	
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

 

  

iv

  

 

FLOW MORTGAGE LOAN SERVICING AGREEMENT

 

THIS FLOW MORTGAGE LOAN SERVICING AGREEMENT (the “Agreement”), dated August 1, 2011 is hereby executed by and between REDWOOD RESIDENTIAL ACQUISITION CORPORATION, a Delaware corporation, as owner of the mortgage loans described herein, including the related servicing rights (the “Owner”), and CENLAR FSB, a federal savings bank, as servicer of such mortgage loans (the “Servicer”).

 

WITNESSETH:

 

WHEREAS, the Owner owns or will acquire from time to time certain conventional, residential, first-lien mortgage loans as described herein, including the related servicing rights; and

 

WHEREAS, the parties desire to agree to the terms and conditions upon which the Servicer will service and administer the mortgage loans as set forth herein;

 

NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Owner and the Servicer agree as follows:

 

SECTION 1.  Definitions.

 

For purposes of this Agreement, the following capitalized terms shall have the respective meanings set forth below.

 

Adjustable Rate Mortgage Loan:  A Mortgage Loan purchased pursuant to this Agreement which provides for the adjustment of the Mortgage Interest Rate payable in respect thereto.

 

Adjustment Date:  As to each Adjustable Rate Mortgage Loan, the date on which the Mortgage Interest Rate is adjusted in accordance with the terms of the related Mortgage Note and Mortgage.

 

Affiliate:  When used with reference to a specified Person, any Person that (i) directly or indirectly controls or is controlled by or is under common control with the specified Person, (ii) is an officer of, partner in or trustee of, or serves in a similar capacity with respect to, the specified Person or of which the specified Person is an officer, partner or trustee, or with respect to which the specified Person serves in a similar capacity, or (iii) directly or indirectly is the beneficial owner of 10% or more of any class of equity securities of the specified Person or of which the specified Person is directly or indirectly the owner of 10% or more of any class of equity securities.

 

  

  

  

 

Agency Transfer:  The sale or transfer by the Owner of some or all of the Mortgage Loans to Fannie Mae, Ginnie Mae or Freddie Mac while retaining Servicer as servicer.

 

Agreement:  This Flow Mortgage Loan Servicing Agreement including all exhibits, schedules, amendments and supplements hereto.

 

Ancillary Fees:  With respect to any Mortgage Loan, charges for late Monthly Payments, charges for dishonored checks, pay-off fees, assumption fees, commissions and administrative fees on insurance and similar fees and charges collected from or assessed against the related Mortgagor, other than those charges payable to another party under the terms of the applicable Servicing Agreement.

 

Applicable Requirements:  With respect to the Mortgage Loans as of the time of reference, (i) the terms of the applicable Mortgage and Mortgage Note; (ii) Customary Servicing Procedures; (iii) all federal, state and local laws, statutes, rules, regulations and ordinances applicable to the servicing of the Mortgage Loans, including, without limitation, the applicable requirements and guidelines of any insurer, or any other governmental agency, board, commission, instrumentality or other governmental or quasi-governmental body or office; (iv) all other judicial and administrative judgments, orders, stipulations, awards, writs and injunctions applicable to the servicing of the Mortgage Loans; and (v) all contractual obligations relating to the servicing of the Mortgage Loans, including without limitation those contractual obligations contained in the applicable Servicing Agreement or in any agreement relating to the Mortgage Loans with any insurer or in the Mortgage File.

 

Appraised Value:  With respect to any Mortgaged Property, the lesser of (i) the value (or Reconciled Market Value if more than one appraisal is received) thereof as determined by a Qualified Appraiser at the time of origination of the Mortgage Loan, and (ii) the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a Refinanced Mortgage Loan, such value (or Reconciled Market Value if more than one appraisal is received) of the Mortgaged Property is based solely upon the value determined by an appraisal or appraisals made for the originator of such Refinanced Mortgage Loan at the time of origination of such Refinanced Mortgage Loan by a Qualified Appraiser.

 

Appraiser Independence Requirements:  The Appraiser Independence Requirements effective as of October 15, 2010, as amended and in effect from time to time.

 

Assignment of Mortgage:  An individual assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction in which the related Mortgaged Property is located to give record notice of the sale of the Mortgage to the Owner.  With respect to any MERS Mortgage loan, an Assignment of Mortgage shall mean the appropriate notice of transfer sufficient under the governing instruments of MERS to reflect a transfer of the Mortgage Loan within MERS.

 

  

2

  

 

Assumed Principal Balance:  As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Owner with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.

 

Business Day:  Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of California, the State of New Jersey or the State of New York, or (iii) a day on which banks in the State of California, the State of New Jersey or the State of New York are authorized or obligated by law or executive order to be closed.

 

Closing Date:   The date or dates, set forth in the related Servicer Acknowledgement, on which the Owner will purchase the Mortgage Loans identified therein.

 

Code:  The Internal Revenue Code of 1986, as amended, or any successor statute thereto.

 

Commission:  The United States Securities and Exchange Commission.

 

Condemnation Proceeds:  All awards, compensation and settlements in respect of a taking (whether permanent or temporary) of all or part of a Mortgaged Property by exercise of the power of condemnation or the right of eminent domain, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Note or Mortgage.

 

Consumer Information:  Any personally identifiable information in any form (written electronic or otherwise) relating to a Mortgagor, including, but not limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history, delinquency status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship with the Servicer or the originator of the related Mortgage Loan; and any other non-public personally identifiable information.

 

Custodial Account:  As defined in Subsection 11.04.

 

Customary Servicing Procedures:  With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, and which are in accordance with Fannie Mae servicing practices and procedures for MBS pool mortgages, as defined in the Fannie Mae Guides including future updates, or as such mortgage servicing practices may change from time to time.

 

  

3

  

 

Cut-off Date:  With respect to each Mortgage Loan, the first day of the month of the related Closing Date or such other date as is set forth in the related Servicer Acknowledgement.

 

Determination Date:  With respect to each Remittance Date, the 15th day (or, if such 15th day is not a Business Day, the following Business Day) of the month in which such Remittance Date occurs.

 

Due Date:  The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

 

Due Period:  With respect to each Remittance Date, the period beginning on the second day of the month preceding the month of the Remittance Date, and ending on the first day of the month of the Remittance Date.

 

Eligible Account:  Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and long-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) are rated in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations at the time any amounts are held on deposit therein.  Eligible Accounts may bear interest.  If the rating of the short-term or long-term unsecured debt obligations of the depository institution or trust company that maintains the account or accounts is no longer in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations or in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this Agreement shall be transferred to an Eligible Account within 30 days of such downgrade.

 

Eligible Investments:  Any one or more of the following obligations or securities:

 

(i)           direct obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America;

 

(ii)           (a) demand or time deposits, federal funds or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment are rated in the highest rating category by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in

 

  

4

  

 

the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate of deposit that is fully insured by the FDIC;

 

(iii)           repurchase obligations with a term not to exceed thirty (30) days and with respect to (a) any security described in clause (i)  above and entered into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;

 

(iv)           securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof that are rated in the highest rating category for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations by each Rating Agency, in each case at the time of such investment or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation will not be Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all of the Mortgage Loans and Eligible Investments;

 

(v)           commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the date of issuance thereof) which are rated in the highest rating category by each Rating Agency at the time of such investment; and

 

(vi)           any money market funds rated in one of the two highest rating categories by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category by each Rating Agency with respect to short-term obligations;

 

provided, however, that no instrument or security shall be an Eligible Investment if such instrument or security evidences a right to receive only interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such investment or security is purchased at a price greater than par.

 

Escrow Account:  As defined in Subsection 11.06.

 

Escrow Payments:  The amounts constituting ground rents, taxes, assessments, Primary Mortgage Insurance Policy premiums, fire and hazard insurance premiums, flood insurance premiums, condominium charges and other payments as may be required to be escrowed by the Mortgagor with the Mortgagee pursuant to the terms of any Mortgage Note or Mortgage.

 

Event of Default:  Any one of the conditions or circumstances enumerated in Subsection 13.01.

 

  

5

  

 

Fannie Mae:  The entity formerly known as the Federal National Mortgage Association or any successor thereto.

 

Fannie Mae Guides:  The Fannie Mae Sellers’ Guide and the Fannie Mae Servicers’ Guide and all amendments or additions thereto in effect on and after the related Closing Date.

 

FDIC:  The Federal Deposit Insurance Corporation or any successor thereto.

 

FDPA: The Flood Disaster Protection Act of 1973, as amended.

 

FHFA:  The Federal Housing Finance Agency or any successors thereto.

 

Fidelity Bond:  The fidelity bond required to be obtained by the Servicer pursuant to Subsection 11.12.

 

FIRREA:  The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time.

 

First Remittance Date:  With respect to each Mortgage Loan Package, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the calendar month immediately following the Closing Date; provided, however, if the Transfer Date is not one (1) or more Business Days prior to the first day of such calendar month, such date will be the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the next succeeding calendar month.

 

Freddie Mac:  The entity formerly known as the Federal Home Loan Mortgage Corporation or any successor thereto.

 

Freddie Mac Guide:  The Freddie Mac Single Family Seller/Servicer Guide and all amendments or additions thereto in effect on and after the related Closing Date.

 

Full Prepayment:  Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and 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.

 

Ginnie Mae:  The Government National Mortgage Association or any successor thereto.

 

Gross Margin:  With respect to any Adjustable Rate Mortgage Loan, the fixed percentage amount set forth in the related Mortgage Note and the Mortgage Loan Schedule that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note to determine the new Mortgage Interest Rate for such Mortgage Loan.

 

  

6

  

 

Helping Families Act:  As defined in Section 6.

 

HUD:  The United States Department of Housing and Urban Development or any successor thereto.

 

Independent:  When used with respect to any other Person, a Person who (a) is in fact independent of another specified Person and any Affiliate of such other Person, (b) does not have any material direct financial interest in such other Person or any Affiliate of such other Person, and (c) is not connected with such other Person or any Affiliate of such other Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.

 

Index:  With respect to any Adjustable Rate Mortgage Loan, the index identified on the Mortgage Loan Schedule and set forth in the related Mortgage Note for the purpose of calculating the Mortgage Interest Rate thereon.

 

Initial Rate Cap:  With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

 

Insurance Proceeds:  With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

 

Lifetime Rate Cap:  As to each Adjustable Rate Mortgage Loan, the maximum Mortgage Interest Rate which shall be as permitted in accordance with the provisions of the related Mortgage Note.

 

Liquidation Proceeds:  The proceeds received in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure sale or otherwise, other than amounts received following the acquisition of REO Property, Insurance Proceeds and Condemnation Proceeds.

 

Loan-to-Value Ratio:  With respect to any Mortgage Loan as of any date of determination, the ratio, expressed as a percentage, of the outstanding principal balance of the Mortgage Loan on such date to the Appraised Value of the related Mortgaged Property.

 

Loss Mitigation:  Those efforts, other than foreclosure, taken to lessen losses to the Owner when collection efforts have not resulted in a Mortgagor curing a delinquency or if required by Applicable Requirements.  Such efforts may include advising Mortgagors of various relief alternatives to foreclosure, receipt and analysis of a Mortgagor’s financial information,

 

  

7

  

 

determining the value of the Mortgaged Property and recommending to the Owner approval or denial of a relief alternative, as applicable.

 

LPMI:  Lender paid mortgage insurance.

 

Master Servicer:  Wells Fargo Bank, N.A., together with its successors and assigns, as master servicer with respect to any Securitization Transaction, or any other master servicer designated as such with respect to any Securitization Transaction.

 

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

 

MERS Mortgage Loan:  Any Mortgage Loan registered with MERS on the MERS System.

 

MERS System:  The system of recording transfers of mortgages electronically maintained by MERS.

 

MIN:  The Mortgage Identification Number for any MERS Mortgage Loan.

 

Minimum Interest Rate:  With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

 

Monthly Payment:  The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

 

Mortgage:  The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note; except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor.  All Mortgages shall be Fannie Mae/Freddie Mac Uniform Instruments with authorized changes.

 

Mortgage File:  With respect to each Mortgage Loan, all documents required to be included in a “Mortgage File” delivered by the applicable Originator to the Owner or its custodian, and any additional documents required to be added to the Mortgage File pursuant to this Agreement.

 

Mortgage Interest Rate:  With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, including, but not limited to, the limitations on such interest rate

 

  

8

  

 

imposed by the Initial Rate Cap, the Periodic Rate Cap, the Minimum Interest Rate and the Lifetime Rate Cap, if any.

 

Mortgage Loan:  An individual Mortgage Loan that is the subject of this Agreement, as identified on the related Mortgage Loan Schedule, excluding replaced or repurchased mortgage loans.

 

 

Mortgage Loan Package:  The pool or group of whole loans purchased on a Closing Date, as described in the Mortgage Loan Schedule annexed to the related Servicer Acknowledgement.

 

Mortgage Loan Schedule:  The schedule of Mortgage Loans prepared for each Closing Date setting forth the information with respect to each Mortgage Loan required by the disclosure report format of the Owner, including any replacement loans that are substituted after the Closing Date pursuant to the related purchase agreement.

 

Mortgage Note:  The note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage.  All Mortgage Notes shall be Fannie Mae/Freddie Mac Uniform Instruments with authorized changes.

 

Mortgaged Property:  The Mortgagor’s real property securing repayment of a related Mortgage Note, consisting of a fee simple interest in a single parcel of real property improved by a Residential Dwelling.

 

Mortgagee:  The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

 

Mortgagor:  The obligor on a Mortgage Note, who is an owner of the Mortgaged Property and the grantor or mortgagor named in the Mortgage and such grantor’s or mortgagor’s successors in title to the Mortgaged Property.

 

NAIC:  The National Association of Insurance Commissioners or any successor organization.

 

Officer’s Certificate:  A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, a President or a Vice President of the Person on behalf of whom such certificate is being delivered.

 

Opinion of Counsel:  A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being given, reasonably acceptable to each Person to whom such opinion is addressed, and which must be Independent outside counsel with respect to such opinion of counsel concerning the taxation or the federal income tax status of a REMIC.

 

  

9

  

 

Originator:  With respect to each Mortgage Loan, the entity from which the Owner purchased such Mortgage Loan.

 

OTS:  The Office of Thrift Supervision or any successor thereto.

 

Owner:  The Person listed as such in the initial paragraph of this Agreement, together with its successors and assigns as permitted under the terms of this Agreement.

 

P&I Advance:  Principal and interest related to a Mortgage Loan, including those Mortgage Loans in any pool created to issue mortgage-backed pass-through certificates or securities, advanced pursuant to this Agreement, together with any amounts advanced pursuant to this Agreement to pay Prepayment Interest Shortfalls, subject to the limitation on advances of Prepayment Interest Shortfalls described in Section 11.15.

 

Partial Prepayment:  Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and 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.

 

Periodic Rate Cap:  As to each Adjustable Rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate, on any Adjustment Date as provided in the related Mortgage Note, if applicable.

 

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

 

Prepayment Charge:  With respect to each Mortgage Loan, the fee payable by the Mortgagor if the Mortgagor prepays such Mortgage Loan within a certain period of time as provided in the related Mortgage Note or Mortgage.

 

Prepayment Interest Shortfall:  As to any Remittance Date and any Mortgage Loan, (a) if such Mortgage Loan was the subject of a Full Prepayment during the related Principal Prepayment Period, the excess of one month’s interest on the Assumed Principal Balance of such Mortgage Loan outstanding immediately prior to such prepayment, over the amount of interest actually paid by the Mortgagor in respect of such Principal Prepayment Period, and (b) if such Mortgage Loan was the subject of a Partial Prepayment during the related Principal Prepayment Period, an amount equal to the excess of one month’s interest at the Mortgage Interest Rate on the amount of such Partial Prepayment, over the amount of interest actually paid by the Mortgagor in respect of such Partial Prepayment during such Principal Prepayment Period.

 

  

10

  

 

Primary Mortgage Insurance Policy:  Mortgage guaranty insurance, if any, on an individual Mortgage Loan, as evidenced by a policy or certificate, issued by a Qualified Insurer.

 

Principal Prepayment:  Any full or partial payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date, including any Prepayment Charge or premium thereon 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 Period:  As to any Remittance Date, the calendar month preceding the calendar month in which such Remittance Date occurs.

 

Qualified Appraiser:  With respect to each Mortgage Loan, an appraiser, duly appointed by the originator, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfy the requirements of Fannie Mae or Freddie Mac (including but not limited to the Appraiser Independence Requirements) and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

 

Qualified Insurer:  An insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided by the insurance policy issued by it, approved as an insurer by Fannie Mae and Freddie Mac.

 

Rating Agencies: Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., Moody’s Investors Service, Inc., Fitch, Inc. or, in the event that some or all ownership of the Mortgage Loans is evidenced by mortgage-backed securities, the nationally recognized rating agencies issuing ratings with respect to such securities, if any.

 

Reconciled Market Value: The estimated market value of the Mortgaged Property or REO Property that is reasonably determined by the Servicer based on different results obtained from different permitted valuation methods or at different time periods, all in accordance with Customary Servicing Procedures.

 

Reconstitution Agreement:  The agreement or agreements entered into by the Servicer and the Owner and certain third parties on the Reconstitution Date or Reconstitution Dates with respect to any or all of the Mortgage Loans serviced hereunder, in connection with a Whole Loan Transfer or a Securitization Transaction as provided in Section 32.

 

Reconstitution Date:  The date or dates on which any or all of the Mortgage Loans serviced under this Agreement shall be removed from this Agreement and reconstituted as part of a Whole Loan Transfer or Securitization Transaction pursuant to Section 32 hereof.  On such

 

  

11

  

 

date, the Servicer shall cease servicing such Mortgage Loans under this Agreement and shall instead service such Mortgage Loans under a Reconstitution Agreement.

 

Record Date:  The close of business of the last Business Day of the month preceding the month of the related Remittance Date.

 

Refinanced Mortgage Loan:  A Mortgage Loan which was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage.

 

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.

 

Regulation AB Compliance Addendum:  Addendum I attached hereto and incorporated herein by reference thereto.

 

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

 

REMIC Provisions:  Sections 860A through 860G of the Code; such other provisions of the Code as relate to an entity created thereunder; the regulations promulgated pursuant to such sections and provisions of the Code; and published guidance issued by the Internal Revenue Service relating to such Code sections and regulations.

 

Remittance Date:  The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of any month, beginning with the First Remittance Date with respect to each Mortgage Loan Package.

 

REO Disposition:  The final sale by the Servicer or the Owner of an REO Property.

 

REO Disposition Proceeds:  All amounts received with respect to an REO Disposition pursuant to Subsection 11.13.

 

REO Property:  A Mortgaged Property acquired by the Servicer through foreclosure or deed in lieu of foreclosure, as described in Subsection 11.13.

 

Residential Dwelling:  Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a condominium

 

  

12

  

 

project or (iv) a one-family dwelling in a planned unit development, none of which is a cooperative, mobile or manufactured home.

 

Securities Act:  The Securities Act of 1933, as amended.

 

Securitization Transaction:  Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Owner to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

 

Servicer:   Cenlar FSB, or its successor in interest or any successor to the Servicer under this Agreement appointed as herein provided.

 

Servicer Acknowledgement:  An acknowledgement from the Servicer confirming the additional Mortgage Loans to be serviced by the Servicer pursuant to this Agreement on and after a specified Transfer Date, substantially in the form of Exhibit 1.

 

Servicing Advances:  All customary, reasonable and necessary out-of-pocket costs and expenses (including reasonable attorney’s fees and disbursements) incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of a Mortgaged Property, including Loss Mitigation, (b) any enforcement or administrative or judicial proceedings, including foreclosure or acquiring title to the Mortgaged Property by deed-in-lieu of foreclosure, (c) the management and liquidation of any REO Property, (d) payments made by the Servicer with respect to a Mortgaged Property pursuant to Subsection 11.08 and (e) any appraisals, valuations, broker price opinions, inspections, or environmental assessments.

 

Servicing Agreement:  This Agreement or such other servicing agreement as may be specified in a Servicer Acknowledgement with respect to any Mortgage Loans.

 

Servicing Fee:  With respect to each Mortgage Loan and calendar month, a monthly fee equal to one twelfth of 0.25% multiplied by the Stated Principal Balance of such Mortgage Loan as of the first day of such month.

 

Servicing File:  With respect to each Mortgage Loan, a file that includes copies of all documents, which may be in electronic form, for such Mortgage Loan required to be included in a “Credit File” in the Transfer Instructions.

 

  

13

  

 

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

 

Stated Principal Balance:  As to each Mortgage Loan as to any date of determination, (i) the principal balance of the Mortgage Loan as of the first day of the month for which such calculation is being made after giving effect to the principal portion of any Monthly Payments due on or before such date, whether or not received, as well as any Principal Prepayments received before such date, minus, without duplication, (ii) all amounts previously distributed to the Owner with respect to the Mortgage Loan representing payments or recoveries of principal.

 

Transfer Date:  The date or dates, set forth in the related Servicer Acknowledgement, on which the Servicer will begin servicing the Mortgage Loans for the benefit of the Owner.

 

Transfer Instructions:  The transfer instructions in the form of Exhibit 3 hereto.

 

Whole Loan Transfer:  Any sale or transfer by the Owner of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.

 

SECTION 2.  Acknowledgement.

 

The Owner hereby engages the Servicer to service the Mortgage Loans upon the terms specified in this Agreement and the related Servicer Acknowledgement, effective with respect to each Mortgage Loan as of the Transfer Date specified in the related Servicer Acknowledgement.

 

SECTION 3.  Mortgage Loan Schedule.

 

The Owner shall deliver the Mortgage Loan Schedule (which will be annexed to the related Servicer Acknowledgement) to the Servicer at least two (2) Business Days prior to the related Closing Date.

 

SECTION 4.  Delivery of Servicing Files; Possession of Mortgage Files; Transfer Costs.

 

Subsection 4.01      Delivery of Servicing Files.

 

The Owner shall cause the Originator to deliver to the Servicer the Servicing Files pursuant to the Transfer Instructions.

 

  

14

  

 

Subsection 4.02      Possession of Mortgage Files.

 

Originals or copies of all documents comprising the Mortgage File shall be delivered to the Owner’s custodian on or prior to the related Transfer Date or such other date as may be agreed to by the Owner and the applicable Originator.  The Servicer shall have the right to access such Mortgage Files as needed for servicing upon the terms specified in this Agreement.  Any Mortgage File or a portion thereof delivered to the Servicer for servicing purposes shall be held in trust by the Servicer for the benefit of the Owner as the owner thereof and shall be available for review by the Owner upon request.  The Servicer’s possession of any portion of each such Mortgage File is at the will of the Owner for the sole purpose of facilitating servicing of the Mortgage Loans pursuant to this Agreement, and such possession by the Servicer shall be in a custodial capacity only.  The ownership of each Mortgage Note, Mortgage and the contents of each Mortgage File is vested in the Owner and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Servicer shall immediately vest in the Owner and shall be retained and maintained, in trust, by the Servicer at the will of the Owner in such custodial capacity only.  The Servicer shall release from its custody the contents of any Mortgage File possessed by it only in accordance with this Agreement, except when such release is required in connection with a repurchase of any such Mortgage Loan pursuant to the related loan purchase agreement or if required under applicable law or court order.

 

Subsection 4.03      Transfer Expenses.

 

The Owner shall pay all costs of delivery to the Servicer of all of the Servicing Files, custodial transfer and or/transfer fees of the Owner’s custodian, and all costs related to preparing, obtaining and delivering such documents as the Owner is required to provide.  The Servicer shall bear all of its costs in connection with performing any due diligence of the Servicing Files, on boarding, monthly reconciliations, and standard reporting relating to the Mortgage Loans, as set forth or referenced in the applicable Servicer Acknowledgement.  Except as otherwise provided in this Agreement, the Owner and the Servicer shall each bear their own expenses incurred in connection with the transactions contemplated by this Agreement.

 

SECTION 5.  Inspection of Documents.

 

The Servicer shall provide to any supervisory agents or examiners that regulate the Owner, including but not limited to, the OTS, the FDIC and other similar entities, access, during normal business hours, upon reasonable advance notice to the Servicer and without charge to the Servicer or such supervisory agents or examiners, to any documentation regarding the Mortgage Loans that may be required by any applicable regulator.

 

SECTION 6.  Helping Families Notice.

 

 Within thirty (30) days following the Closing Date in respect of a Mortgage Loan, the Servicer shall furnish to the borrower of such Mortgage Loan, for the fee set forth or referenced

 

  

15

  

 

in the applicable Servicer Acknowledgement, the notice required by Section 404 of the Helping Families Save Their Homes Act of 2009 (the “Helping Families Act”) in accordance with the provisions of the Helping Families Act.  In connection with any Securitization Transaction with respect to any of the Mortgage Loans, the Servicer shall furnish to each related borrower, within thirty (30) days following the closing date with respect to such Securitization Transaction, a notice with respect to such assignment, substantially in the form of Exhibit 2 attached hereto, which notice shall identify the Securitization Transaction trust as the new owner of the Mortgage Loan and include any other information required by Section 404 of the Helping Families Act.  Notwithstanding the foregoing, the Servicer will use commercially reasonable efforts, but shall have no obligation, to provide the aforementioned notices if the Servicer is not provided with the required information and the Mortgage Loan does not reside on the Servicer’s servicing system within twenty (20) days of the applicable Closing Date.

 

SECTION 7.  Representations and Warranties; Effect of Breach.

 

Subsection 7.01      Servicer Representations and Warranties.

 

The Servicer hereby represents and warrants to the Owner that, as to itself as of the related Closing Date:

 

(a)           It is a federal savings bank, duly organized, validly existing, and in good standing under the federal laws of the United States and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where each Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business of the type conducted by it.  It is an approved seller/servicer in good standing of conventional residential mortgage loans for Fannie Mae or Freddie Mac and is a HUD-approved mortgagee under Section 203 of the National Housing Act.  It has corporate power and authority to execute and deliver this Agreement and to perform in accordance herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by it and the consummation of the transactions contemplated hereby have been duly and validly authorized.  This Agreement, assuming due authorization, execution and delivery by the Owner, evidences the legal, valid, binding and enforceable obligation of it, subject to applicable law except as enforceability may be limited by (i) bankruptcy, insolvency, liquidation, receivership, moratorium, reorganization or other similar laws affecting the enforcement of the rights of creditors and (ii) general principles of equity, whether enforcement is sought in a proceeding in equity or at law.  All requisite corporate action has been taken by it to make this Agreement valid and binding upon it in accordance with the terms of this Agreement.

 

(b)           No consent, approval, authorization or order is required for the transactions contemplated by this Agreement from any court, governmental agency or body, or federal or state regulatory authority having jurisdiction over it or, if required, such consent, approval, authorization or order has been or will, prior to the related Closing Date, be obtained.

 

(c)           The consummation of the transactions contemplated by this Agreement are in its ordinary course of business and will not result in the breach of any term or provision of its

 

  

16

  

articles of incorporation or by-laws or result in the breach of any term or provision of, or conflict with or constitute a default under or result in the acceleration of any obligation under, any agreement, indenture or loan or credit agreement or other instrument to which it or its property is subject, or result in the violation of any law, rule, regulation, order, judgment or decree to which it or its property is subject.

 

(d)           There is no action, suit, proceeding or investigation pending or, to its best knowledge, threatened against it which, either individually or in the aggregate, would result in any material adverse change in its business, operations, financial condition, properties or assets, or in any material impairment of its right or ability to carry on its business substantially as now conducted or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with its obligations contemplated herein, or which would materially impair its ability to perform under the terms of this Agreement.

 

(e)           To the best of the Servicer’s knowledge, the Servicer is not in material default under any agreement, contract, instrument or indenture to which the Servicer is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Servicer to perform under this Agreement, nor, to the best of the Servicer’s knowledge, has any event occurred which, with the giving of notice, the lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement.

 

(f)           It does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement.

 

(g)           It acknowledges and agrees that its portion of the Servicing Fee shall be treated by the Servicer, for accounting and tax purposes, as compensation for the servicing and administration of the Mortgage Loans pursuant to this Agreement.

 

(h)           The Servicer is in compliance in all material respects with all applicable laws and regulations and there has been no occurrence or condition with respect to the Servicer or otherwise known to the Servicer that could adversely affect its ability to service the Mortgage Loans pursuant to this Agreement.

 

(i)           From and after each Transfer Date, the Servicer shall service the Mortgage Loans in accordance with the Applicable Requirements.

 

(j)           It has not dealt with any broker, investment banker, agent or other Person that may be entitled to any commission or compensation in connection with this Agreement.

 

Subsection 7.02      Owner Representations and Warranties.

 

 

The Owner hereby represents and warrants to the Servicer that as of the related Closing Date:

 

  

17

  

 

(a)           It is a federal savings bank duly organized, validly existing, and in good standing under the laws of the United States and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where the Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business of the type conducted by it.  It has corporate power and authority to execute and deliver this Agreement and to perform in accordance herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by it and the consummation of the transactions contemplated hereby have been duly and validly authorized.  This Agreement, assuming due authorization, execution and delivery by the Servicer, evidences the legal, valid, binding and enforceable obligation of it, subject to applicable law except as enforceability may be limited by (i) bankruptcy, insolvency, liquidation, receivership, moratorium, reorganization or other similar laws affecting the enforcement of the rights of creditors and (ii) general principles of equity, whether enforcement is sought in a proceeding in equity or at law.  All requisite corporate action has been taken by it to make this Agreement valid and binding upon it in accordance with the terms of this Agreement.

 

(b)           No consent, approval, authorization or order is required for the transactions contemplated by this Agreement from any court, governmental agency or body, or federal or state regulatory authority having jurisdiction over it or, if required, such consent, approval, authorization or order has been or will, prior to the related Closing Date, be obtained.

 

(c)           The consummation of the transactions contemplated by this Agreement are in its ordinary course of business and will not result in the breach of any term or provision of its charter or by-laws or result in the breach of any term or provision of, or conflict with or constitute a default under or result in the acceleration of any obligation under, any agreement, indenture or loan or credit agreement or other instrument to which it or its property is subject, or result in the violation of any law, rule, regulation, order, judgment or decree to which it or its property is subject.

 

(d)           There is no action, suit, proceeding or investigation pending or, to its best knowledge, threatened against it that, either individually or in the aggregate, would result in any material adverse change in its business, operations, financial condition, properties or assets, or in any material impairment of its right or ability to carry on its business substantially as now conducted or that would draw into question the validity of this Agreement of any action taken or to be taken in connection with its obligations contemplated herein, or that would materially impair its ability to perform under the terms of this Agreement.

 

(e)           To the best of the Owner’s knowledge, the Owner is not in material default under any agreement, contract, instrument or indenture to which the Owner is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Owner to perform under this Agreement, nor, to the best of the Owner’s knowledge, has any event occurred that, with the giving of notice, the lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Owner to perform its obligations under this Agreement.

 

  

18

  

 

(f)           It has not dealt with any broker, investment banker, agent or other Person that may be entitled to any commission or compensation in connection with this Agreement.

 

(g)           To the best of the Owner’s knowledge, neither this Agreement nor any statement, report or other agreement, document of instrument furnished or to be furnished pursuant to this Agreement contains any materially untrue statement of fact or omits to state a fact necessary to make the statements contained therein not misleading.

 

Subsection 7.03      Representations and Warranties Regarding Individual Mortgage Loans.

 

The Owner represents and warrants to the Servicer on the applicable Transfer Date, that as of the Transfer Date specified in the related Servicer Acknowledgement (or such other date specified below):

 

(a)           Data:  The information set forth in the related Mortgage Loan Schedule, including any diskette, data tapes or other electronic data sent to the Servicer, is complete, true and correct in all material respects. The information on the Mortgage Loan Schedule and the information provided are consistent with the contents of the originator’s records and the Mortgage File.  The Mortgage Loan Schedule contains all the fields required in Exhibit 3.  Except for information specified to be as of the origination date of the Mortgage Loan, the Mortgage Loan Schedule contains the most current information possessed by the Originator.

 

(b)           Regulatory Compliance:  Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, or disclosure laws applicable to the Mortgage Loan have been complied with in all material respects in connection with the origination and servicing of the Mortgage Loan.  No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor’s Anti-Predatory Lending Law Update Table, included in the then-current Standard & Poor’s LEVELS® Glossary of Terms on Appendix E). No Mortgage Loan secured by property located in the State of Georgia was originated on or after October 1, 2002 and prior to March 7, 2003. No Mortgage Loan originated on or after March 7, 2003 is a “high cost home loan” as defined under the Georgia Fair Lending Act.

 

(c)           No Graduated Payments:  The Mortgage Loan does not contain “graduated payment” features, does not have a shared appreciation or other contingent interest feature and does not contain any buydown provisions.

 

(d)           No Negative Amortization Loans; No HELOCs; All 30 Year Mortgages:  The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof (except in the case of interest only loans) and to pay interest at the related Mortgage Interest Rate. No Mortgage Loan contains terms or provisions which would result in negative

 

  

19

  

amortization.  No Mortgage Loan is a home equity revolving line of credit secured by a mortgage, deed of trust or other instrument.

 

(e)           Escrow Accounts:  If applicable, all Escrow Accounts have been maintained in accordance with Applicable Requirements.  The Escrow Payments required by the Mortgages are on deposit in the appropriate Escrow Account.

 

(f)           Escrow Compliance:  If an Escrow Account is required to be maintained with respect to each Mortgage Loan, (i) all interest required pursuant to applicable law to be paid on funds in such Escrow Account through the Transfer Date has been or will be credited to the account of the related Mortgagor, and evidence of such credit shall be provided to the Servicer; and (ii) such interest has been and through the Transfer Date will be properly computed and paid in accordance with the terms of such Mortgage Loan and with applicable law.

 

(g)           MERS:  The ownership of all MERS Mortgage Loans is registered with MERS.

 

(h)           Prior Servicing:  Each Mortgage Loan has been serviced in accordance with all Applicable Requirements at all times prior to the Servicing Transfer Date.

 

Subsection 7.04      Repurchase or Substitution of Mortgage Loans by Originator.

 

(a)           If an Originator repurchases a Mortgage Loan due to a breach of representations and warranties, such Mortgage Loan shall no longer be subject to this Agreement and removed from the Mortgage Loan Schedule.  The Servicer shall release the Mortgage Loan to, and effect the transfer of the related servicing, to the Originator or its designated servicer.  In such event, the Servicer shall be entitled to the applicable Exit Fee set forth or referenced in the applicable Servicer Acknowledgement.

 

(b)           If an Originator substitutes such Mortgage Loan, such substitute mortgage loan shall be deemed a “Mortgage Loan” hereunder, as if included on the Mortgage Loan Schedule, and the Servicer shall release the related defective Mortgage Loan to, and effect the transfer of the related servicing, to the Originator or its designated servicer.

 

(c)           In the event of any breach of any representation and warranty of an Originator made with respect to any Mortgage Loan, the Servicer shall assist the Owner in pursuing any available remedies against the Originator arising from such breach.

 

SECTION 8.  [Reserved.]

 

SECTION 9.  Closing Conditions.

 

The closing for each transfer of servicing hereunder shall take place on the respective Closing Date.  The closing shall be either by telephone, confirmed by letter or wire as the parties hereto shall agree, or conducted in person, at such place as the parties hereto shall agree.

 

  

20

  

 

(a)           On or before the initial Closing Date, the Servicer shall submit to the Owner fully executed originals of the following documents:

 

(i)           this Agreement, in four counterparts;

 

(ii)           if requested by the Owner, a letter confirming the account name and number of the Custodial Account in a form to be provided by the Owner; and

 

(iii)           if requested by the Owner, a letter confirming the account name and number of the Escrow Account in a form to be provided by the Owner.

 

(b)           The closing for each transfer of servicing and assumption of the servicing responsibilities by the Servicer hereunder shall be subject to the satisfaction of each of the following conditions:

 

(i)           the Servicer shall submit to the Owner the related Servicer Acknowledgement, in four counterparts;

 

(ii)           the Owner shall have delivered to the Servicer the related Mortgage Loan Schedule and an electronic data file containing information on a loan-level basis; and

 

(iii)           all other terms and conditions of this Agreement and the related Servicer Acknowledgement to be satisfied by the Servicer and/or the Owner shall have been complied with in all material respects.

 

SECTION 10.  Costs.

 

The Owner shall pay the cost of delivering the Mortgage Files to the Owner or its designee, the cost of recording the Assignments of Mortgage, any registration or transfers within MERS, any custodial fees incurred in connection with the release of any Mortgage Loan documents as may be required by the servicing activities hereunder and all other costs and expenses incurred in connection with this Agreement by the Owner.  Except as otherwise provided in this Agreement, the Servicer and the Owner shall each bear their own expenses (including, without limitation, any legal fees and expenses of its attorneys) incurred in connection with the transactions contemplated by this Agreement.

 

SECTION 11.  Administration and Servicing of Mortgage Loans.

 

Subsection 11.01    Servicer to Act as Servicer; Subservicing.

 

(a)           Effective as of each related Transfer Date, the Servicer, as an independent contractor, shall service and administer the Mortgage Loans in accordance with this Agreement and all Applicable Requirements, and shall have full power and authority, acting alone or through subservicers or agents, to do or cause to be done any and all things in connection with

 

  

21

  

such servicing and administration which the Servicer may deem necessary or desirable and consistent with the terms of this Agreement.  The Servicer may perform its servicing responsibilities through agents or independent contractors, but shall not thereby be released from any of its responsibilities hereunder.  The Servicer may delegate any of its duties under this Agreement to one or more of its Affiliates; provided, however, that the Servicer shall not be released from any of its responsibilities hereunder by virtue of such delegation.  The Mortgage Loans may be subserviced by one or more unaffiliated subservicers on behalf of the Servicer provided each subservicer is a Fannie Mae approved seller/servicer or a Freddie Mac approved seller/servicer in good standing, and no event has occurred, including but not limited to a change in insurance coverage, that would make it unable to comply with the eligibility for seller/servicers imposed by Fannie Mae or Freddie Mac, or which would require notification to Fannie Mae or Freddie Mac. The Servicer shall pay all fees and expenses of the subservicer from its own funds (provided that any such expenditures that would constitute Servicing Advances if made by the Servicer hereunder shall be reimbursable to the Servicer as Servicing Advances), and the subservicer’s fee shall not exceed the Servicer’s portion of the Servicing Fee.

 

(b)           At the cost and expense of the Servicer, without any right of reimbursement from the Custodial Account, the Servicer shall be entitled to terminate the rights and responsibilities of a subservicer and arrange for any servicing responsibilities to be performed by a successor subservicer meeting the requirements in the preceding paragraph; provided, however, that nothing contained herein shall be deemed to prevent or prohibit the Servicer, at the Servicer’s option, from electing to service the related Mortgage Loans itself.  If the Servicer’s responsibilities and duties under this Agreement are terminated and if requested to do so by the Owner, the Servicer shall at its own cost and expense terminate the rights and responsibilities of the subservicer as soon as is reasonably possible.  The Servicer shall pay all fees, expenses or penalties necessary in order to terminate the rights and responsibilities of the subservicer from the Servicer’s own funds without reimbursement from the Owner.

 

(c)           The Servicer shall be entitled to enter into an agreement with the subservicer for indemnification of the Servicer by the subservicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.

 

(d)           Any subservicing agreement and any other transactions or services relating to the Mortgage Loans involving the subservicer shall be deemed to be between the subservicer and Servicer alone, and the Owner shall have no obligations, duties or liabilities with respect to the subservicer including no obligation, duty or liability of the Owner to pay the subservicer’s fees and expenses.  For purposes of distributions and advances by the Servicer pursuant to this Agreement, the Servicer shall be deemed to have received a payment on a Mortgage Loan when the subservicer has received such payment.  The Servicer shall not make any amendment to any agreement with a subservicer if such amendment is not consistent with or violates the provisions of this Agreement, or if such amendment could be reasonably expected to be materially adverse to the interests of the Owner.

 

(e)           Consistent with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor; provided,

 

  

22

  

however, that the Servicer shall not enter into any payment plan or agreement to modify payments with a Mortgagor lasting more than six (6) months or permit any modification with respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity date with respect to such Mortgage Loan, or accept substitute or additional collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with the customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Owner has approved such action.  Additionally, the Servicer shall not accept any deed-in-lieu of, short pay-off, or sale of any Mortgaged Property, in which the sale proceeds are less than the unpaid principal balance of the related Mortgage Loan unless the Owner has approved such action.  Further, the Servicer shall not defer or forgive the payment of any principal or interest or change the outstanding principal amount (except to reflect actual payments of principal) unless the Owner has approved such action.  Any capitalization of arrearages of interest, fees and expenses in excess of 10% of the outstanding unpaid principal balance of the related Mortgage Loan immediately prior to the capitalization shall be made only after the Servicer has received the express written consent of the Owner.   Without limiting the generality of the foregoing, the Servicer in its own name or acting through subservicers or agents is hereby authorized and empowered by the Owner when the Servicer believes it appropriate and reasonable in its best judgment, to execute and deliver, on behalf of itself or the Owner, all instruments of satisfaction or cancellation, or of partial or full release and discharge, and all other comparable instruments, with respect to the Mortgage Loans and the Mortgaged Properties and to institute foreclosure proceedings or obtain a deed-in-lieu of foreclosure so as to convert the ownership of such properties, and to hold or cause to be held title to such properties, on behalf of the Owner pursuant to the provisions of Subsection 11.13.

 

(f)           The Owner shall furnish to the Servicer any powers of attorney and other documents reasonably necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under this Agreement.

 

(g)           Whether in connection with the foreclosure of a Mortgage Loan or otherwise, the Servicer shall from its own funds make all necessary and proper Servicing Advances; provided, however, that the Servicer is not required to make a Servicing Advance unless the Servicer determines in the exercise of its good faith judgment that such Servicing Advance would ultimately be recoverable from REO Disposition Proceeds, Insurance Proceeds or Condemnation Proceeds of the related Mortgaged Property (with respect to each of which the Servicer shall have the priority described in Subsection 11.05 for purposes of withdrawals from the Custodial Account).   Any Servicing Advance that would cause the amount of unreimbursed Servicing Advances for a particular Mortgage Loan to exceed $15,000 shall be made only after notification of the Owner.

 

(h)           Notwithstanding anything to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Servicer has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic

 

  

23

  

substances or wastes, or if the Owner otherwise requests an environmental inspection or review of such Mortgaged Property, such an inspection or review is to be conducted by a qualified inspector at the Owner’s expense.  Upon completion of the inspection, the Servicer shall promptly provide the Owner with a written report of the environmental inspection.  In the event (i) the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (ii) the Owner directs the Servicer to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient fully to reimburse the Servicer, the Servicer shall be entitled to be reimbursed from amounts in the Custodial Account pursuant to Subsection 11.05 hereof.  In the event the Owner directs the Servicer not to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all Servicing Advances made with respect to the related Mortgaged Property from the Custodial Account pursuant to Subsection 11.05 hereof.

 

Subsection 11.02    Liquidation of Mortgage Loans.

 

In the event that any payment due under any Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Servicer shall take such action as it shall deem to be in the best interest of the Owner.  In the event that any payment due under any Mortgage Loan remains delinquent for a period of forty-five (45) days, the Servicer shall order an inspection of the related Mortgaged Property and, except with respect to any Mortgage Loan for which the Servicer is in the process of modifying or has modified the terms of such Mortgage Loan, if the Mortgage Loan remains delinquent for a period of ninety (90) days or more, the Servicer shall commence foreclosure proceedings in accordance with Customary Servicing Procedures and the guidelines set forth by Fannie Mae, Freddie Mac or FHFA, as applicable.  In such connection, the Servicer shall from its own funds make all necessary and proper Servicing Advances.  If the portion of any Liquidation Proceeds allocable as a recovery of interest on a related  Mortgage Loan is less than the full amount of accrued and unpaid interest on such Mortgage Loan as of the date such proceeds are received, then the applicable portion of the Servicing Fee with respect to such Mortgage Loan shall be paid first and any amounts remaining thereafter shall be distributed to the Owner.  Upon liquidation of any Mortgage Loan, the Servicer shall provide written notice thereof to the custodian appointed by the Owner.

 

Subsection 11.03    Collection of Mortgage Loan Payments.

 

Continuously from the date hereof until the principal and interest on all Mortgage Loans are paid in full, the Servicer will proceed diligently, in accordance with this Agreement, to collect all payments due under each of the Mortgage Loans when the same shall become due and payable.  Further, the Servicer will in accordance with Customary Servicing Procedures ascertain and estimate taxes, assessments, fire and hazard insurance premiums, premiums for Primary Mortgage Insurance Policies, and all other charges that, as provided in any Mortgage, will

 

  

24

  

 

become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as and when they become due and payable.  Mortgage Loan payments received by the Servicer will be deposited within one Business Day of receipt into a clearing account that is an Eligible Account.  The Mortgage Loan payments may be commingled with payments of other mortgagors and investors for up to two Business Days prior to the Servicer depositing the Mortgage Loan payments in the Custodial Account.  Such clearing account shall not be used for operational or corporate purposes of the Servicer.

 

Subsection 11.04    Establishment of Custodial Account; Deposits in Custodial Account.

 

The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “Cenlar FSB, in trust for Redwood Residential Acquisition Corporation as Owner of Mortgage Loans and various Mortgagors.”  Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository Affiliate of the Servicer) which meets the guidelines set forth by the FHFA, Fannie Mae or Freddie Mac as an eligible depository institution for custodial accounts.  The Custodial Account shall initially be established and maintained at Wells Fargo Bank, N.A., or any successor thereto, and shall not be transferred to any other depository institution without the Owner’s approval, which shall not unreasonably be withheld.  In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Servicer.

 

The Servicer shall deposit in the Custodial Account, on a daily basis in accordance with Section 11.03, and retain therein, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

 

(a)           all payments on account of principal, including Principal Prepayments, on the Mortgage Loans;

 

(b)           all payments on account of interest on the Mortgage Loans, less any applicable Servicing Fee;

 

(c)           all Liquidation Proceeds;

 

(d)           all proceeds received by the Servicer under any title insurance policy, hazard insurance policy, Primary Mortgage Insurance Policy or other insurance policy other than proceeds to be held in the Escrow Account and applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor in accordance with Customary Servicing Procedures;

 

  

25

  

 

(e)           all awards or settlements in respect of condemnation proceedings or eminent domain affecting any Mortgaged Property which are not released to the Mortgagor in accordance with Customary Servicing Procedures;

 

(f)           any amount required to be deposited in the Custodial Account pursuant to Subsections 11.15 and 11.19;

 

(g)           any amount required to be deposited by the Servicer in connection with any REO Property pursuant to Subsection 11.13;

 

(h)           all amounts required to be deposited by the seller of the related Mortgage Loan in connection with shortfalls in principal amount of substitute Mortgage Loans;

 

(i)           with respect to each Full Prepayment and each Partial Prepayment, an amount (to be paid by the Servicer out of its own funds) equal to the Prepayment Interest Shortfall; provided, however, that the Servicer’s aggregate obligations under this paragraph for any month shall be limited to the total amount of the Servicing Fee related to the Mortgage Loans during such month; and

 

(j)           amounts required to be deposited by the Servicer in connection with the deductible clause of any hazard insurance policy.

 

The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, Ancillary Fees need not be deposited by the Servicer in the Custodial Account.

 

The Servicer may invest the funds in the Custodial Account in Eligible Investments designated in the name of the Servicer for the benefit of the Owner, which shall mature not later than the Business Day next preceding the Remittance Date next following the date of such investment (except that (A) any investment in the institution with which the Custodial Account is maintained may mature on such Remittance Date and (B) any other investment may mature on such Remittance Date if the Servicer shall advance funds on such Remittance Date, pending receipt thereof to the extent necessary to make distributions to the Owner) and shall not be sold or disposed of prior to maturity.  Notwithstanding anything to the contrary herein and above, all income and gain realized from any such investment shall be for the benefit of the Servicer and shall be subject to withdrawal by the Servicer.  The amount of any losses incurred in respect of any such investments shall be deposited in the Custodial Account by the Servicer out of its own funds immediately as realized.

 

For all Eligible Investments rated at least “A1/A+”(short/long) that have terms greater than 60 days, in the event of a downgrade of such Eligible Investment below “A1” (or “A+” if no short term rating), the Servicer agrees to remove such Eligible Investment within 60 days of such downgrade.  The Servicer acknowledges and agrees that the Servicer shall bear any losses incurred with respect to removal of such Eligible Investment following such a downgrade and

 

  

26

  

 

that any losses shall be immediately deposited by the Servicer in the Custodial Account out of the Servicer’s own funds, with no right to reimbursement therefor.

 

Subsection 11.05    Withdrawals From the Custodial Account.

 

The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

 

(a)           to make payments to the Owner in the amounts and in the manner provided for in Subsection 11.15;

 

(b)           [reserved];

 

(c)           to reimburse itself for any unpaid portion of its Servicing Fees and for unreimbursed Servicing Advances, the Servicer’s right to reimburse itself pursuant to this subclause (c) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Servicer’s right thereto shall be prior to the rights of the Owner unless the Servicer is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in which case the Servicer’s right to such reimbursement shall be subsequent to the payment to the Owner of such shortfall;

 

(d)           to reimburse itself for unreimbursed Servicing Advances and for unreimbursed P&I Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicer to the Owner in an Officer’s Certificate) by the Servicer pursuant to subclause (b) or (c) above;

 

(e)           to reimburse itself for expenses incurred by and reimbursable to it pursuant to Subsection 12.01;

 

(f)           [reserved];

 

(g)           to pay to itself any interest earned or any investment earnings on funds deposited in the Custodial Account, net of any losses on such investments;

 

(h)           to withdraw any amounts inadvertently deposited in the Custodial Account; and

 

(i)           to clear and terminate the Custodial Account upon the termination of this Agreement.

 

Upon request, the Servicer will provide the Owner with copies of reasonably acceptable invoices or other documentation relating to Servicing Advances that have been reimbursed from the Custodial Account.

 

  

27

  

 

Subsection 11.06    Establishment of Escrow Account; Deposits in Escrow Account.

 

The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts (collectively, the “Escrow Account”), titled “Cenlar FSB, in trust for Redwood Residential Acquisition Corporation as Owner of Mortgage Loans and various Mortgagors.”  The Escrow Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository Affiliate of Servicer), which meets the guidelines set forth by Fannie Mae or Freddie Mac as an eligible institution for escrow accounts.  The Escrow Account shall initially be established and maintained at Wells Fargo Bank, N.A., or any successor thereto, and shall not be transferred to any other depository institution without the Owner’s approval, which shall not unreasonably be withheld.  In any case, the Escrow Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Servicer.

 

The Servicer shall deposit in the Escrow Account on a daily basis, and retain therein: (a) all Escrow Payments collected on account of the Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (b) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property.  The Servicer shall make withdrawals therefrom only in accordance with Subsection 11.07 hereof.  As part of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law.

 

Subsection 11.07    Withdrawals From Escrow Account.

 

Withdrawals from the Escrow Account shall be made by the Servicer only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Servicer for any Servicing Advance made by Servicer pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, as a Servicing Advance, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently

 

  

28

  

 

deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

 

Subsection 11.08    Payment of Taxes, Insurance and Other Charges; Collections Thereunder.

 

With respect to each Mortgage Loan, the Servicer shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Servicer in amounts sufficient for such purposes, as allowed under the terms of the Mortgage.  To the extent that a Mortgage does not provide for Escrow Payments, the Servicer shall determine that any such payments are made by the Mortgagor.  The Servicer assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b).  No costs incurred by the Servicer or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Owner, be added to the unpaid principal balance of the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

 

The Owner shall, at no cost or expense to the Servicer, transfer, or cause an Originator to transfer, any existing tax service contracts (“Tax Service Contract”) to the Servicer and provide the Servicer with an electronic file identifying (A) tax type, payment frequency, payee code, tax amount last paid, next due date, parcel number, legal description, previous servicer's name, and (B) each Tax Service Contract, if any, by contract number.  If a Tax Service Contract is not in existence or such tax service contract is not guaranteed or transferable to the Servicer, the Servicer shall obtain a tax service contract for such Mortgage Loans on behalf of the Owner. For each tax service contract obtained by the Servicer, the Owner shall pay the Servicer a fee set forth or referenced in the applicable Servicer Acknowledgement.

 

Subsection 11.09    Transfer of Accounts.

 

The Servicer may, with the approval of the Owner, transfer the Custodial Account or the Escrow Account to an Eligible Account at a different depository institution.

 

  

29

  

 

Subsection 11.10    Maintenance of Hazard Insurance.

 

The Servicer shall cause to be maintained for each Mortgage Loan fire and hazard insurance with extended coverage customary in the area where the Mortgaged Property is located by an insurer acceptable to Fannie Mae or Freddie Mac, as applicable, in an amount that is at least equal to the lesser of (a) the full insurable value of the Mortgaged Property, or (b) the greater of (i) the outstanding principal balance owing on the Mortgage Loan and (ii) an amount such that the proceeds of such insurance shall be sufficient to avoid the application to the Mortgagor or loss payee of any coinsurance clause under the policy.  If the Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency as a special flood hazard area (and such flood insurance has been made available) the Servicer will cause to be maintained a flood insurance policy meeting the requirements of the National Flood Insurance Program, in an amount representing coverage not less than the lesser of (A) the minimum amount required under the terms of the coverage to compensate for any damage or loss to the Mortgaged Property on a replacement-cost basis (or the outstanding principal balance of the Mortgage Loan if replacement-cost basis is not available) or (B) the maximum amount of insurance available under the National Flood Insurance Program.  The Servicer shall also maintain on REO Property fire and hazard insurance with extended coverage in an amount which is at least equal to the maximum insurable value of the improvements which are a part of such property, liability insurance and, to the extent required and available under the National Flood Insurance Program, flood insurance in an amount required above.  Any amounts collected by the Servicer under any such policies (other than amounts to be deposited in the Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or property acquired in liquidation of the Mortgage Loan, or to be released to the Mortgagor in accordance with Customary Servicing Procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.  It is understood and agreed that no earthquake or other additional insurance need be required by the Servicer of any Mortgagor or maintained on REO Property other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.  All policies required hereunder shall be endorsed with standard mortgagee clauses with loss payable to Servicer, and shall provide for at least thirty (30) days prior written notice of any cancellation, reduction in amount or material change in coverage to the Servicer.  The Servicer shall not interfere with the Mortgagor’s freedom of choice in selecting either its insurance carrier or agent; provided, however, that  unless otherwise required by the terms of the related Mortgage Note or applicable law, the Servicer shall not accept any such insurance policies from insurance companies unless such  companies are acceptable to Fannie Mae or Freddie Mac, as applicable, and are licensed to do business in the state wherein the property subject to the policy is located.

 

The hazard insurance policies for each Mortgage Loan secured by a unit in a condominium development or planned unit development shall be maintained with respect to such Mortgage Loan and the related development in a manner which is consistent with Fannie Mae or Freddie Mac requirements, as applicable, unless otherwise required by the terms of the related Mortgage Note or applicable law.

 

  

30

  

 

Subsection 11.11    Maintenance of Primary Mortgage Insurance Policy; Claims.

 

With respect to each Mortgage Loan as to which (a) the data provided by the Owner indicates a Loan-to-Value Ratio in excess of 80% at the time of servicing transfer to the Servicer and (b) a Primary Mortgage Insurance Policy is then in effect, the Servicer shall promptly, without any cost to the Owner, maintain or cause the Mortgagor to maintain in full force and effect a Primary Mortgage Insurance Policy issued by a Qualified Insurer insuring the portion over 78% (or such other  percentage in conformance with then current Fannie Mae requirements) until terminated pursuant to the Homeowners Protection Act of 1988, 12 USC § 4901, et seq. or any other applicable federal, state or local law or regulation.  In the event that such Primary Mortgage Insurance Policy shall be terminated other than as required by law, the Servicer shall obtain from another Qualified Insurer a comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated Primary Mortgage Insurance Policy.  If the insurer shall cease to be a Qualified Insurer, the Servicer shall obtain from another Qualified Insurer a replacement Primary Mortgage Insurance Policy.  The Servicer shall not take any action which would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Servicer would have been covered thereunder.  In connection with any assumption or substitution agreement entered into or to be entered into pursuant to Subsection 11.18, the Servicer shall promptly notify the insurer under the related Primary Mortgage Insurance Policy, if any, of such assumption or substitution of liability in accordance with the terms of such Primary Mortgage Insurance Policy and shall take all actions which may be required by such insurer as a condition to the continuation of coverage under such Primary Mortgage Insurance Policy. If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Servicer shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

 

In connection with its activities as servicer, the Servicer agrees to prepare and present or to assist the Owner in preparing and presenting, on behalf of itself and the Owner, claims to the insurer under any Primary Mortgage Insurance Policy in a timely fashion in accordance with the terms of such Primary Mortgage Insurance Policy and, in this regard, to take such action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policy respecting a defaulted Mortgage Loan.  Pursuant to Subsection 11.04, any amounts collected by the Servicer under any Primary Mortgage Insurance Policy shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.

 

Subsection 11.12    Fidelity Bond; Errors and Omissions Insurance.

 

The Servicer shall maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans.  These policies must insure the Servicer against losses resulting from fraud, theft, errors, omissions, negligence, dishonest or fraudulent acts committed by the Servicer’s personnel, any employees of outside firms that provide data processing services for

 

  

31

  

 

the Servicer, and temporary contract employees or student interns.  The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.  No provision of this Subsection 11.12 requiring such Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement.  The minimum coverage under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts required by Fannie Mae in the Fannie Mae Guides or by Freddie Mac in the Freddie Mac Guide, as amended or restated from time to time, as applicable, or in an amount as may be permitted to the Servicer by express waiver of Fannie Mae or Freddie Mac, as applicable.  Upon request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such Fidelity Bond or a certificate evidencing the same with a statement that the Servicer shall endeavor to provide written notice to the Owner thirty (30) days prior to modification or any material change.

 

Subsection 11.13    Title, Management and Disposition of REO Property.

 

Subject to Subsection 11.02, in the event that title to a Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Owner or its nominee.

 

The Servicer shall cause to be deposited on a daily basis in the Custodial Account all revenues received with respect to the conservation of the related REO Property. The Servicer shall make distributions as required on each Remittance Date to the Owner of the net cash flow from the REO Property (which shall equal the revenues from such REO Property net of the expenses described below and of any reserves reasonably required from time to time to be maintained to satisfy anticipated liabilities for such expenses).

 

The disposition of REO Property shall be carried out by the Servicer, subject to Subsection 11.01.  The Owner shall pay the Servicer a fee of 1.5% of the sales price for such REO Property for services associated with servicing the REO Property through its disposition.  Upon the request of the Owner, and at the Owner’s expense, the Servicer shall cause an appraisal of the REO Property to be performed for the Owner.

 

The Servicer shall either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the REO Property in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property.  Any disbursement in excess of $15,000 shall be made only with the prior written approval of the Owner.  The Servicer shall deduct the costs of managing, conserving, protecting and operating the REO Property from the proceeds of the sale of the REO Property (providing documentary evidence of such costs).

 

  

32

  

 

The Servicer shall not accept any sale offer for an REO Property that is more than 10% below the Reconciled Market Value of the REO Property without the prior written consent of the Owner.

 

Subsection 11.14    Servicing Compensation.

 

As compensation for its services hereunder and subject to Subsection 11.15, the Servicer shall be entitled to retain the applicable portion of the Servicing Fee from interest payments actually collected on the Mortgage Loans.  Additional servicing compensation in the form of assumption fees, fees related to the disposition of REO Property, Ancillary Fees (other than late payment charges) and one-half of the amount of late payment charges shall be retained by the Servicer to the extent not required to be deposited in the Custodial Account.  Prepayment Charges shall not be included in the Servicer’s compensation but paid to the Owner.   The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder and shall not be entitled to reimbursement therefor except as specifically provided for herein.  To the extent the Servicer is entitled to any portion of Servicing Fees, Servicing Advances and other amounts in excess of the interest payments actually collected on the Mortgage Loans with respect to any Remittance Date, the Servicer shall invoice the Owner in accordance with Section 11.16 for such amounts and the Owner shall pay the Servicer such amount within five (5) Business Days of receipt thereof.

 

Subsection 11.15    Distributions.

 

On each Remittance Date the Servicer shall remit by wire transfer of immediately available funds to the account designated in writing by the Owner of record on the preceding Record Date (a) all amounts credited to the Custodial Account at the close of business on the related Determination Date, net of charges against or withdrawals from the Custodial Account pursuant to Subsection 11.05(b) through (h) minus (b) any amounts attributable to Principal Prepayments received after the end of the calendar month preceding the month in which the Remittance Date occurs, minus (c) any amounts attributable to Monthly Payments collected but due on a Due Date or Due Dates subsequent to the first day of the month in which the Remittance Date occurs.

 

Subject to Subection 11.25, not later than each Remittance Date, the Servicer shall from its own funds deposit, as a P&I Advance, in the Custodial Account an amount equal to the aggregate Prepayment Interest Shortfall due to either Partial Prepayment or Full Prepayment, if any, existing in respect of the related Principal Prepayment Period; provided, however, that the aggregate amount of Prepayment Interest Shortfalls deposited on any Remittance Date shall not exceed the amount of Servicing Fee related to the Mortgage Loans with respect to such Remittance Date.

 

With respect to any remittance received by a party after the Business Day on which such payment was due, the remittance party shall pay to the receiving party interest on any such late payment at an annual rate equal to the prime lending rate as is publicly announced from time to

 

  

33

  

 

time in the Wall Street Journal, or its successor, at the prime lending rate published that day in the Wall Street Journal, adjusted as of the date of each change, plus two percent (2%), but in no event greater than the maximum amount permitted by applicable law.  Such interest shall be paid  on the date such late payment is made and shall cover the period commencing with the Business Day on which such payment was due and ending with the Business Day immediately preceding the Business Day on which such payment is made, both inclusive.  The payment by a party of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default.

 

Subsection 11.16    Statements to the Owner.

 

(a)           Not later than five (5) days prior to each related Remittance Date, the Servicer shall forward to the Owner a statement in the form specified and with the information required by the monthly reporting format of the Master Servicer, as provided to the Servicer by the Owner.  Such statement shall also include information regarding delinquencies on Mortgage Loans, indicating the number and aggregate principal amount of Mortgage Loans which are either one (1), two (2) or three (3) or more months delinquent.  The Servicer shall submit to the Owner monthly a liquidation report with respect to each Mortgaged Property sold in a foreclosure sale as of the related Record Date and not previously reported.  The Servicer shall also provide such information as set forth above to the Owner in electronic form in the Servicer’s standard format, a copy of which has been provided by the Servicer.

 

(b)           In addition, the Servicer shall submit to the Owner monthly loan-by-loan default information including, without limitation, notes made and retained by the Servicer in connection with servicing the defaulted loan, the reasons for the default, updated values of the Mortgaged Property, updated FICO scores on the Mortgagor and information regarding Servicing Advances made.

 

(c)           On or after the 16th day of each calendar month, the Servicer shall provide, at the Owner’s request, a list of the Mortgagors as to which Monthly Payments that were due on the immediately preceding Due Date have not yet been received.

 

(d)           The Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority, the Mortgagor or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby.  In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for such Owner to prepare federal income tax returns as the Owner may reasonably request from time to time.

 

Subsection 11.17    [Reserved].

 

Subsection 11.18    Assumption Agreements.

 

The Servicer will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Owner’s prior approval, the Servicer shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.  When the Mortgaged Property has been conveyed by the

 

  

34

  

 

Mortgagor prior to payment in full of the Mortgage Loan, the Servicer will, to the extent it has knowledge of such conveyance, exercise its rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale” clause applicable thereto; provided, however, the Servicer will not exercise such rights if prohibited by law from doing so or if the exercise of such rights would impair or threaten to impair any recovery under the related Primary Mortgage Insurance Policy, if any.  In connection with any such assumption, the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross Margin (if applicable), the Initial Rate Cap  (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note shall not be changed, and the term of the Mortgage Loan will not be increased or decreased.  If an assumption is allowed pursuant to this Subsection 11.18, the Servicer with the prior consent of the issuer of the Primary Mortgage Insurance Policy, if any, is authorized to enter into a substitution of liability agreement with the purchaser of the Mortgaged Property pursuant to which the original Mortgagor is released from liability and the purchaser of the Mortgaged Property is substituted as Mortgagor and becomes liable under the Mortgage Note.

 

Subsection 11.19    Satisfaction of Mortgages and Release of Mortgage Files.

 

Upon the payment in full of any Mortgage Loan, or the receipt by the Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Servicer will obtain the portion of the Mortgage File that is in the possession of the Owner or its designee, prepare and process any required satisfaction or release of the Mortgage and notify the Owner in accordance with the provisions of this Agreement.  The Owner agrees to deliver to the Servicer (or cause to be delivered to the Servicer) the original Mortgage Note for any Mortgage Loan not later than five (5) Business Days following its receipt of a notice from the Servicer that such a payment in full has been received or that a notification has been received that such a payment in full shall be made. Such Mortgage Note shall be held by the Servicer, in trust, for the purpose of canceling such Mortgage Note and delivering the canceled Mortgage Note to the Mortgagor in a timely manner as and to the extent provided under any applicable federal or state law.

 

In the event the Servicer grants a satisfaction or release of a Mortgage without having obtained payment in full of the indebtedness secured by the Mortgage or as otherwise permitted under this Agreement, the Servicer shall remit to the Owner the Stated Principal Balance of the related Mortgage Loan by deposit thereof in the Custodial Account no later than the immediately following Remittance Date, unless the Servicer has cured its error prior to such Remittance Date.  In addition, the Servicer shall have the right, at its expense, to cure any such erroneous satisfaction or release and reinstate the Mortgage of record unless the related Mortgage Loan has been included in a Securitization Transaction.  Upon such reinstatement, the Owner shall return any funds remitted by the Servicer related thereto unless the related Mortgage Loan has been included in a Securitization Transaction.  At its option, upon remittance of the funds to the Owner by the Servicer, the Servicer may require the Owner to assign to the Servicer any rights, if any, the Owner may have with regard to the Mortgage to allow the Servicer to attempt to reinstate the Mortgage of record.

 

  

35

  

 

Subsection 11.20  Servicer Shall Provide Access and Information as Reasonably Required.

 

The Servicer shall provide to the Owner, and for any Owner insured by FDIC or NAIC, the supervisory agents and examiners of FDIC and OTS or NAIC, access to any documentation regarding the Mortgage Loans which may be required by applicable regulations.  Such access shall be afforded without charge, but only upon reasonable request, during normal business hours and at the offices of the Servicer.

 

In addition, the Servicer shall furnish upon request by the Owner, during the term of this Agreement, such periodic, special or other reports or information, whether or not provided for herein, as shall be necessary, reasonable and appropriate with respect to the purposes of this Agreement and applicable regulations.  All such reports or information shall be provided by and in accordance with all reasonable instructions and directions the Owner may require.  The Servicer agrees to execute and deliver all such instruments and take all such action as the Owner, from time to time, may reasonably request in order to effectuate the purposes and to carry out the terms of this Agreement.

 

Subsection 11.21    Inspections.

 

The Servicer shall inspect the Mortgaged Property as often deemed necessary by the Servicer to assure itself that the value of the Mortgaged Property is being preserved.  In addition, if any Mortgage Loan is more than forty-five (45) days delinquent, the Servicer shall inspect the Mortgaged Property and shall conduct subsequent inspections in accordance with Customary Servicing Procedures or as may be required by the primary mortgage guaranty insurer.  The Servicer shall keep written report of each such inspection and shall provide a copy of such inspection to the Owner upon the request of the Owner.

 

Subsection 11.22    Restoration of Mortgaged Property.

 

The Servicer need not obtain the approval of the Owner prior to releasing any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied to the restoration or repair of the Mortgaged Property if such release is in accordance with Customary Servicing Procedures.  For claims greater than $15,000, at a minimum, the Servicer shall, to the extent permitted by the terms of the related Mortgage Note and applicable law, comply with the following conditions in connection with any such release of Insurance Proceeds or Condemnation Proceeds:

 

(a)           the Servicer shall receive satisfactory independent verification of completion of repairs and issuance of any required approvals with respect thereto;

 

(b)           the Servicer shall take all steps necessary to preserve the priority of the lien of the Mortgage, including, but not limited to requiring waivers with respect to mechanics’ and materialmen’s liens;

 

  

36

  

 

(c)           the Servicer shall verify that the Mortgage Loan is not in default; and

 

(d)           pending repairs or restoration, the Servicer shall place the Insurance Proceeds or Condemnation Proceeds in the Escrow Account.

 

If the Owner is named as an additional loss payee, the Servicer is hereby empowered to endorse any loss draft issued in respect of such a claim in the name of the Owner.

 

Subsection 11.23    Fair Credit Reporting Act.

 

The Servicer, in its capacity as servicer for each Mortgage Loan, agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., 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.

 

Subsection 11.24    Prepayment Charges.

 

Notwithstanding anything in this Agreement to the contrary, in the event of a Principal Prepayment, the Servicer shall not waive any Prepayment Charge or portion thereof required by the terms of the related Mortgage Note unless (i) the related Mortgage Loan is in default or foreseeable default and such waiver (a) is standard and customary in servicing mortgage loans similar to the Mortgage Loans and (b) would, in the reasonable judgment of the Servicer, maximize recovery of total proceeds taking into account the value of such Prepayment Charge and the related Mortgage Loan, (ii) (A) the enforceability thereof is limited (1) by bankruptcy, insolvency, moratorium, receivership, or other similar law relating to creditors’ rights generally or (2) due to acceleration in connection with a foreclosure or other involuntary payment, or (B) the enforceability is otherwise limited or prohibited by applicable law, (iii) the enforceability would be considered “predatory” pursuant to written guidelines issued by any applicable federal, state or local authority having jurisdiction over such matters, (iv) the Servicer is unable to locate documentation sufficient to allow it to confirm the existence and amount of such Prepayment Charge after using commercially reasonable efforts to locate such documentation, which efforts shall include, but are not limited to, seeking such documentation from the Owner, the Owner’s custodian and from its own records or files, or (v) the related Mortgaged Property has been damaged such that the current value of the Mortgaged Property has been reduced by at least half as a result of a natural disaster or other insured or uninsured peril, and the borrower has elected to pay the loan in full rather than rebuild the Mortgaged Property.  For the avoidance of doubt, the Servicer may waive a Prepayment Charge in connection with a short sale or short payoff on a defaulted Mortgage Loan.

 

Subsection 11.25    Recovery and Reimbursement of Advances.

 

Notwithstanding anything to the contrary in this Agreement, the Servicer shall have no obligation to make any Servicing Advance from its corporate funds on account of any Mortgage

 

  

37

  

 

Loan, but instead the Servicer shall be entitled to use funds available for remittance to the Owner to pay such Servicing Advances.  The Servicer shall not be obligated to advance its funds to pay attorney fees or costs incurred on behalf of the Owner in connection with litigation related to a Mortgage Loan.

 

(a)           Servicing Advances.

 

The Servicer may, from time to time during the term of this Agreement, and for ease of administration, make Servicing Advances when in its good faith judgment it is necessary or advisable to do so, and the Servicer shall not have any obligation to notify the Owner before making any Servicing Advance except as otherwise specified herein.

 

(b)           P&I Advances.

 

The Servicer shall have no obligation to remit any funds, nor make any P&I Advance, in excess of amounts actually collected by the Servicer.  The Servicer shall remit such funds only upon funding by the Owner of any required remittance.

 

The Servicer will notify the Owner by electronic or facsimile transmission of the amount that is necessary to make a required P&I Advance not later than three (3) Business Days before the Servicer requires the funds.  The Owner shall, at the Servicer’s direction either immediately deposit such amount into the appropriate Custodial Account or wire such amount to the Servicer.

 

(c)           Servicer’s Option to Interim Bill and Require Funding of Anticipated Servicing Advances.

 

In addition to provisions elsewhere in this Agreement, the Servicer, in its sole discretion, may at any time bill the Owner for Servicing Advances that are then outstanding and for Servicing Advances that the Servicer anticipates the Servicer will make prior to the next month end.   Any such invoice shall be payable within twenty (20) Business Days of the Owner’s receipt.

 

SECTION 12.    The Servicer.

 

Subsection 12.01    Indemnification; Third Party Claims.

 

(a)           The Servicer agrees to indemnify and hold harmless the Owner and its officers, employees, members, directors, Affiliates and representatives against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that the Owner may sustain in any way related to (i) the failure of the Servicer to service the Mortgage Loans in compliance with the terms of this Agreement or (ii) a breach of the Servicer’s representations, warranties or covenants included in this Agreement.  This indemnification shall survive the termination of this Agreement or the termination of any party to this Agreement.

 

  

38

  

 

(b)           The Servicer shall promptly notify the Owner if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Servicer shall assume (with the written consent of the Owner) the defense of any such claim and pay, as a Servicing Advance, all expenses in connection therewith, including counsel fees.  If the Servicer has assumed the defense of the Owner, the Servicer shall provide the Owner with a written report of all expenses and advances incurred by the Servicer pursuant to this Subsection 12.01 and the Owner shall promptly reimburse the Servicer for all unreimbursed amounts advanced by it pursuant to the preceding sentence except when and to the extent that the claims relate to the failure of the Servicer to service the Mortgage Loans in accordance with the terms of this Agreement or any other breach by the Servicer of this Agreement.

 

Subsection 12.02    Merger or Consolidation of the Servicer.

 

The Servicer will keep in full effect its existence, rights and franchises as a national banking association, and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement.

 

Any Person into which the Servicer may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Servicer shall be a party, or any Person succeeding to substantially all of the business of the Servicer (whether or not related to loan servicing), shall be the successor of the Servicer 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.

 

Subsection 12.03    Limitation on Liability of the Servicer and Others.

 

The duties and obligations of the Servicer shall be determined solely by the express provisions of this Agreement, the Servicer shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement and no implied covenants or obligations shall be read into this Agreement against the Servicer.  Neither the Servicer nor any of the directors, officers, employees or agents of the Servicer shall be under any liability to the Owner for any action taken or for refraining from the taking of any action in accordance with Customary Servicing Procedures and otherwise in good faith pursuant to this Agreement or for errors in judgment; provided, however, that this provision shall not protect the Servicer against any liability resulting from any breach of any representation or warranty made herein, or from any liability specifically imposed on the Servicer herein; and, provided further, that this provision shall not protect the Servicer against any liability that would otherwise be imposed by reason of the willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of the obligations or duties hereunder.  The Servicer and any director, officer, employee or agent of the Servicer may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder.  Subject to the terms of Subsection 12.01, the Servicer shall have no obligation to appear with respect to, prosecute or

 

  

39

  

 

defend any legal action which is not incidental to the Servicer’s duty to service the Mortgage Loans in accordance with this Agreement.

 

Subsection 12.04    Servicer Resignation Requirements.

 

The Servicer shall not assign this Agreement except by mutual consent of the Servicer and the Owner.  At any time during the term hereof, the Servicer may, without cause, by one hundred eighty (180) days prior written notice to the Owner, terminate this Agreement as to any or all Mortgage Loans then being serviced or upon the determination that the Servicer’s duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer.  Any such determination permitting the unilateral resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner, which Opinion of Counsel shall be in form and substance acceptable to the Owner.  No such resignation of or assignment by the Servicer shall become effective until a successor has assumed the Servicer’s responsibilities and obligations hereunder in accordance with Subsection 14.02.  If the Servicer resigns pursuant to this Section 12.04, the Servicer shall pay all costs incurred by the Owner in transferring servicing of the Mortgage Loans.

 

Subsection 12.05    No Liability for Failure to Deliver Servicing Files.

 

The Servicer shall have no liability for any failure to carry out its servicing responsibilities hereunder that is directly caused by the failure of an Originator to deliver to the Servicer the Servicing Files (or portions thereof) necessary to service such Mortgage Loans in material compliance with the Customary Servicing Procedures or this Agreement.

 

SECTION 13.  Default.

 

Subsection 13.01    Events of Default.

 

In case one or more of the following Events of Default by the Servicer shall occur and be continuing:

 

(a)           any failure by the Servicer to remit to the Owner any payment required to be made under the terms of this Agreement which continues unremedied for a period of two (2) Business Days;

 

(b)           failure by the Servicer to duly observe or perform, in any material respect, any other covenants, obligations or agreements of the Servicer as set forth in this Agreement which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Owner;

 

(c)           a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the

 

  

40

  

winding-up or liquidation of its affairs, shall have been entered against the Servicer and such decree or order shall have remained in force, undischarged or unstayed for a period of sixty (60) days;

 

(d)           the Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Servicer or relating to all or substantially all of the Servicer’s property;

 

(e)           the Servicer shall admit in writing its inability to pay its debts as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations;

 

(f)           the Servicer shall cease to be qualified to do business under the laws of any state in which a Mortgaged Property is located, but only to the extent such qualification is necessary to ensure the enforceability of each Mortgage Loan and to perform the Servicer’s obligations under this Agreement;

 

(g)           the Servicer shall fail to meet the servicer eligibility qualifications of Fannie Mae or the Servicer shall fail to meet the servicer eligibility qualifications of Freddie Mac;

 

then, and in each and every such case, so long as an Event of Default shall not have been remedied, the Owner, by notice in writing to the Servicer, may, in addition to whatever rights the Owner may have at law or equity to damages, including injunctive relief and specific performance, commence termination of all the rights and obligations of the Servicer under this Agreement and with respect to the Mortgage Loans and the proceeds thereof.  Upon receipt by the Servicer of such written notice from the Owner stating that it intends to terminate the Servicer as a result of such Event of Default, all authority and power of the Servicer under this Agreement, including any compensation due the Servicer under this Agreement on and after the effective date of termination, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the successor appointed pursuant to Subsection 14.02.  Upon written request from the Owner, the Servicer shall prepare, execute and deliver to a successor any and all documents and other instruments, place in such successor’s possession all Mortgage Files and do or cause to be done all other acts or things necessary or appropriate to effect the purposes of such notice of termination, including, but not limited to, the transfer and endorsement or assignment of the Mortgage Loans and related documents to the successor at the Servicer’s sole expense.  The Servicer agrees to cooperate with the Owner and such successor in effecting the termination of the Servicer’s responsibilities and rights hereunder, including, without limitation, the transfer to such successor for administration by it of all amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans and the payment of all costs relating to the transfer of servicing.

 

Subsection 13.02    Waiver of Default.

 

The Owner may waive any default by the Servicer in the performance of its obligations hereunder and its consequences.  Upon any waiver of a past default, such default shall cease to

 

  

41

  

 

exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.  No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.

 

SECTION 14.  Termination.

 

Subsection 14.01    Termination.

 

The obligations and responsibilities of the Servicer, as servicer, shall terminate upon (a) the distribution to the Owner of the final payment or liquidation with respect to the last Mortgage Loan, (b) the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure with respect to the last Mortgage Loan and the remittance of all funds due hereunder, (c) notice given by the Owner pursuant to Section 14.03, or (d) notice given by the Servicer pursuant to Section 12.04.  Upon written request from the Owner in connection with any such termination, the Servicer shall prepare, execute and deliver, any and all documents and other instruments, place in the Owner’s possession all Mortgage Files, and 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 Owner’s sole expense.  The Servicer agrees to cooperate with the Owner and such successor in effecting the termination of the Servicer’s responsibilities and rights hereunder as servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

 

Subsection 14.02    Successors to the Servicer.

 

Prior to the termination of the Servicer’s responsibilities and duties under this Agreement pursuant to Subsections 12.04, 13.01 or 14.01, the Owner shall, (a) succeed to and assume all of the Servicer’s responsibilities, rights, duties and obligations under this Agreement or (b) appoint a successor which shall succeed to all rights and assume all of the responsibilities, duties and liabilities of the Servicer under this Agreement upon such termination.  In connection with such appointment and assumption, the Owner may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree.  In the event that the Servicer’s duties, responsibilities and liabilities under this Agreement shall be terminated pursuant to the aforementioned Subsections, the Servicer shall discharge such duties and responsibilities during the period from the date it acquires knowledge of such termination until the effective date thereof with the same degree of diligence and prudence which it is obligated to exercise under this Agreement, and shall take no action whatsoever that might impair or prejudice the rights or financial condition of its successor.  The resignation or removal of the Servicer pursuant to the aforementioned Subsections shall not become effective until the earlier of one hundred eighty (180) days following the termination or the date a successor shall be appointed pursuant to this Subsection and shall in no event relieve the Servicer of the representations and warranties made pursuant to Section 7 and any remedies available to the Owner under Section 12.01 or otherwise, it being understood and agreed that the provisions of

 

  

42

  

such Section 7 and Section 12.01 shall be applicable to the Servicer notwithstanding any such resignation or termination of the Servicer, or the termination of this Agreement.

 

Any successor appointed as provided herein shall execute, acknowledge and deliver to the Servicer and to the Owner an instrument accepting such appointment, whereupon such successor shall become fully vested with all the rights, powers, duties, responsibilities, obligations and liabilities of the Servicer, with like effect as if originally named as a party to this Agreement.  Any termination or resignation of the Servicer or this Agreement pursuant to Subsections 12.04, 13.01 or 14.01 shall not affect any claims that the Owner may have against the Servicer based upon facts and circumstances arising prior to any such termination or resignation.

 

The Servicer shall promptly deliver to the successor the funds in the Custodial Account and Escrow Account and all Mortgage Files and related documents and statements held by it hereunder and the Servicer shall account for all funds and shall execute and deliver such instruments and do such other things as may reasonably be required to more fully and definitively vest in the successor all such rights, powers, duties, responsibilities, obligations and liabilities of the Servicer.

 

Upon a successor’s acceptance of appointment as such, the Owner shall notify by mail the Servicer of such appointment.

 

Subsection 14.03          Termination by Owner.

 

 

The Servicer shall not be entitled to any compensation related to any termination of its rights and obligations under this Agreement in connection with an Event of Default.  The Owner may terminate this Agreement without cause and transfer servicing to a successor Servicer by delivering to the Servicer written notice of such termination no fewer than sixty (60) days prior to the effective date of termination.  If the Servicer’s rights and obligations under this Agreement are terminated without cause, the Owner shall reimburse the Servicer for its applicable portion of  all accrued and unpaid Servicing Fees for one hundred twenty (120) days following the notice of transfer of the Mortgage Loans and outstanding Servicing Advances associated with the Mortgage Loans.  Upon written request from the Owner in connection with any such termination, the Servicer shall prepare, execute and deliver, any and all documents and other instruments, and 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, and including the delivery to or at the direction of the Owner, all contents of the Mortgage Files in the possession of the Servicer, at the Owner’s sole expense.  The Servicer agrees to cooperate with the Owner and such successor in effecting the termination of the Servicer’s responsibilities and rights hereunder as servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

  

43

  

 

SECTION 15.  Notices.

 

All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if mailed, by registered or certified mail, return receipt requested, or, if by other means, when received by the other party at the address as follows:

 

(a)           if to the Owner:

 

Redwood Residential Acquisition Corporation

One Belvedere Place, Suite 360

Mill Valley, CA 94941

Attention:  Loss Mitigation

Phone:  (415) 380-3445

Facsimile:  (415) 381-1773

 

With a copy to the General Counsel at the same address

 

(b)           if to the Servicer:

 

Cenlar FSB

425 Phillips Boulevard

Ewing, NJ 08618

Phone:  (609) 883-3900

Facsimile:  (609) 538-4006

With a copy address to Corporate Counsel at the same address

 

or such other address as may hereafter be furnished to the other party by like notice. Any such demand, notice or communication hereunder shall be deemed to have been received on the date delivered to or received at the premises of the addressee (as evidenced, in the case of registered or certified mail, by the date noted on the return receipt).

 

SECTION 16.  Severability Clause.

 

Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof.  Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction.  To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof.  If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit 

 

  

44

  

 

intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is nearly as possible the same as the economic effect of this Agreement without regard to such invalidity.

 

	
  

	
SECTION 17.  No Partnership.

 

Nothing herein contained shall be deemed or construed to create a co-partnership or joint venture between the parties hereto and the services of the Servicer shall be rendered as an independent contractor and not as agent for the Owner.

 

	
  

	
SECTION 18.  Counterparts.

 

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

 

	
  

	
SECTION 19.  Governing Law; Choice of Forum; Waiver of Jury Trial.

 

EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW, THE AGREEMENT 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 THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS OF NEW YORK (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) OR ANY OTHER JURISDICTION.

 

EACH PARTY HERETO KNOWINGLY, INTENTIONALLY AND IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF IN ANY WAY RELATED TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

With respect to any claim or action arising hereunder, the parties (a) irrevocably submit to the nonexclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in The City of New York, New York, and appellate courts from any thereof, and (b) irrevocably waive any objection which such party may have at any time to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement brought in any such court, and irrevocably waive any claim that any such suit action or proceeding brought in any such court has been brought in an inconvenient forum.

  

45

  

	
  

	
SECTION 20.  Reserved.

 

	
  

	
SECTION 21.  Waivers.

 

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

	
  

	
SECTION 22.  Exhibits.

 

The exhibits to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement.

 

	
  

	
SECTION 23.  General Interpretive Principles.

 

For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

 

(a)           the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the other gender;

 

(b)           accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles;

 

(c)           references herein to “Articles,” “Sections,” “Subsections,” “Paragraphs” and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement;

 

(d)           the headings of the various articles, sections, subsections and paragraphs of this Agreement and the table of contents are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof;

 

(e)           reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;

 

(f)           the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular provision; and

 

(g)           the term “include” or “including” shall mean without limitation by reason of enumeration.

 

  

46

  

	
  

	
SECTION 24.  Reproduction of Documents.

 

This Agreement and all documents relating thereto, including, without limitation (a) consents, waivers and modifications which may hereafter be executed, (b) documents received by any party at the closing and (c) financial statements, certificates and other information previously or hereafter furnished, may be reproduced by any photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties hereto agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a party hereto in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

 

	
  

	
SECTION 25.  Amendment.

 

This Agreement may be amended from time to time by the Owner and the Servicer by written agreement signed by the parties hereto.

 

	
  

	
SECTION 26.  Confidentiality.

 

Each of the Owner and the Servicer shall employ proper procedures and standards designed to maintain the confidential nature of the terms of this Agreement, except to the extent (a) the disclosure of which is reasonably believed by such party to be required in connection with regulatory requirements or other legal requirements relating to its affairs; (b) disclosed to any one or more of such party’s employees, officers, directors, agents, attorneys or accountants who would have access to the contents of this Agreement and such data and information in the normal course of the performance of such person’s duties for such party, to the extent such party has procedures in effect to inform such person of the confidential nature thereof; (c) that is disclosed in a prospectus, prospectus supplement or private placement memorandum relating to a Securitization Transaction of the Mortgage Loans by the Owner (or an Affiliate assignee thereof) or to any person in connection with the resale or proposed resale of all or a portion of the Mortgage Loans by such party in accordance with the terms of this Agreement; and (d) that is reasonably believed by such party to be necessary for the enforcement of such party’s rights under this Agreement.

 

	
  

	
SECTION 27.  Entire Agreement.

 

This Agreement constitutes the entire agreement and understanding relating to the subject matter hereof between the parties hereto and any prior oral or written agreements between them shall be deemed to have merged herewith.

 

  

47

  

	
  

	
SECTION 28.  Further Agreements.

 

The Servicer and the Owner each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

 

	
  

	
SECTION 29.  Successors and Assigns.

 

This Agreement shall bind and inure to the benefit of and be enforceable by the initial Owner and the Servicer, and the respective successors and assigns of the Owner and the Servicer.  The initial Owner and any subsequent purchasers may assign this Agreement to any Person to whom any Mortgage Loan is transferred pursuant to a sale or financing upon prior written notice to the Servicer in accordance with the following paragraph; provided, however, that except in connection with Securitization Transactions, as to which no such quantitative limitation shall apply, the Servicer shall not be required to service the Mortgage Loans for more than three (3) Persons for assignees of Redwood Residential Acquisition Corporation or its respective Affiliates at any time and shall not recognize any assignment of this Agreement to the extent that following such assignment more than such number of Persons would be purchasers hereunder.  As used herein, the trust formed in connection with a Securitization Transaction shall be deemed to constitute a single “Person.”  Upon any such assignment and written notice thereof to the Servicer, the Person to whom such assignment is made shall succeed to all rights and obligations of the Owner under this Agreement to the extent of the related Mortgage Loan or Mortgage Loans and this Agreement, to the extent of the related Mortgage Loan or Mortgage Loans, shall be deemed to be a separate and distinct agreement between the Servicer and such purchaser, and a separate and distinct agreement between the Servicer and each other purchaser to the extent of the other related Mortgage Loan or Mortgage Loans.

 

At least five (5) Business Days prior to the end of the month preceding the date upon which the first remittance is to be made to an assignee of the Owner, the Owner shall provide to the Servicer written notice of any assignment setting forth:  (a) the Servicer’s applicable Mortgage Loan identifying number for each of the Mortgage Loans affected by such assignment; (b) the aggregate scheduled transfer balance of such Mortgage Loans; and (c) the full name, address and wiring instructions of the assignee and the name and telephone number of an individual representative for such assignee, to whom the Servicer should:  (i) send remittances; (ii) send any notices required by or provided for in this Agreement; and (iii) deliver any legal documents relating to the Mortgage Loans (including, but not limited to, contents of any Mortgage File obtained after the effective date of any assignment).

 

If the Owner has not provided the notice of assignment required by this Section 29, the Servicer shall not be required to treat any other Person as a “Owner” hereunder and may continue to treat the Owner which purports to assign the Agreement as the “Owner” for all purposes of this Agreement.

 

  

48

  

	
  

	
SECTION 30.  Non-Solicitation.

 

From and after the related Closing Date, the Servicer and any of its Affiliates will not take any action or permit or cause any action to be taken by any of its agents or Affiliates, or by any independent contractors on its behalf, to personally, by telephone or mail, solicit a Mortgagor under any Mortgage Loan for the purpose of refinancing a Mortgage Loan, in whole or in part, without the prior written consent of the Owner, other than in connection with a loss mitigation action.  It is understood and agreed that all rights and benefits relating to the solicitation of any Mortgagors and the attendant rights, title and interest in and to the list of such Mortgagors and data relating to their Mortgages (including insurance renewal dates) are solely the property of the Owner and none of the Servicer or any of its Affiliates shall take any action to undermine these rights and benefits.

 

Notwithstanding the foregoing, it is understood and agreed that the Servicer or any of its Affiliates:

 

(a)           may advertise its availability for handling refinancings of mortgages in its portfolio, including the promotion of terms it has available for such refinancings, through the sending of letters or promotional material, so long as it does not specifically target Mortgagors and so long as such promotional material either is sent to the mortgagors for all of the mortgages in the A-quality servicing portfolio of the Servicer and any of their Affiliates (those it owns as well as those serviced for others) or sent to all of the mortgagors who have specific types of mortgages (such as conventional fixed-rate or conventional adjustable-rate), or sent to those mortgagors whose mortgages fall within specific interest rate ranges;

 

(b)           may provide pay-off information and otherwise cooperate with individual mortgagors who contact it about prepaying their mortgages by advising them of refinancing terms and streamlined origination arrangements that are available; and

 

(c)           may offer to refinance a Mortgage Loan made within thirty (30) days following receipt by it  of a pay-off request from the related Mortgagor.

 

Promotions undertaken by the Servicer or by any Affiliate of the Servicer that are directed to the general public at large (including, without limitation, mass mailing based on commercially acquired mailing lists, newspaper, radio and television advertisements), shall not constitute solicitation under this Section 30.

 

	
  

	
SECTION 31.  Protection of Consumer Information.

 

Each party agrees that it (i) shall comply with any applicable laws and regulations regarding the privacy and security of Consumer Information, (ii) shall not use Consumer Information in any manner inconsistent with any applicable laws and regulations regarding the

 

  

49

  

 

privacy and security of Consumer Information, (iii) shall not disclose Consumer Information to third parties except at the specific written direction of the Owner or the Servicer, (iv) shall maintain adequate physical, technical and administrative safeguards to protect Consumer Information from unauthorized access and (v) shall immediately notify the other party of any actual or suspected breach of the confidentiality of Consumer Information.

 

	
 

	
SECTION 32.  Cooperation of the Servicer With a Reconstitution; Regulation AB Compliance.

 

(a)           The Servicer acknowledges and the Owner agrees that with respect to some or all of the Mortgage Loans, the Owner may effect either:

 

(1)           one or more Whole Loan Transfers; and

 

(2)           one or more Securitization Transactions;

 

provided, however, that except in connection with Securitization Transactions, no more than three (3) Persons shall be assignees of the Owner’s interest in this Agreement with respect to a given Mortgage Loan Package.

 

(b)           The Servicer shall reasonably cooperate with the Owner in connection with any Whole Loan Transfer or Securitization Transaction contemplated by the Owner pursuant to this Section.  In connection therewith, the Owner shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer or Securitization Transaction to the Servicer at least fifteen (15) days prior to such transfer and the Servicer shall execute any Reconstitution Agreement that contains servicing provisions substantially similar to those herein or otherwise reasonably acceptable to the Owner and the Servicer and that restates the representations and warranties contained in Section 7 as of the Reconstitution Date.  In connection with any Securitization Transaction, the Servicer shall not, and shall cause its Affiliates not to, as part of the original offering thereof, purchase any of the securities offered in such Securitization Transaction.  Any prospective assignees of the Owner who have entered into a commitment to purchase any of the Mortgage Loans in a Whole Loan Transfer or Securitization Transaction may review the Servicer’s servicing operations, upon reasonable prior notice to the Servicer, and the Servicer shall cooperate with such review and underwriting to the extent such prospective assignees request information or documents that are available and can be produced without unreasonable expense or effort.  Subject to any applicable laws, the Servicer shall make the Mortgage Files related to the Mortgage Loans held by the Servicer available at the Servicer’s principal operations center for review by any such prospective assignees during normal business hours upon reasonable prior notice to the Servicer (in no event fewer than five (5) Business Days’ prior notice).  The Servicer may, in its sole discretion, require that such prospective assignees sign a confidentiality agreement with respect to such information disclosed to the prospective assignee which is not available to the public at large and a release agreement with respect to its activities on the Servicer’s premises.  The Owner hereby agrees to reimburse the Servicer for reasonable “out-of-pocket” expenses incurred by the Servicer that relate to such Whole Loan Transfer or Securitization Transaction including without limitation reimbursement

 

  

50

  

 

for attorneys’ fees and disbursements and the amount which reasonably reflects time and effort expended by the Servicer in connection therewith.

 

(c)           In order to facilitate compliance with Regulation AB promulgated under the Securities Act, the Servicer and the Owner agree to comply with the provisions of the Regulation AB Compliance Addendum attached hereto as Addendum I.

 

(d)           In connection with any Securitization, the Servicer shall execute and deliver an Assignment, Assumption and Recognition Agreement substantially in the form of Addendum II.

 

(e)           All Mortgage Loans not sold or transferred pursuant to a Whole Loan Transfer or Securitization Transaction shall be subject to this Agreement and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall remain in full force and effect.  It is understood and agreed by the Owner and the Servicer that the right to effectuate such Whole Loan Transfer or Securitization Transaction as contemplated by this Section 32 is limited to the Owner.

 

[SIGNATURES ON FOLLOWING PAGE]

 

  

51

  

 

IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized on the date first above written.

 

	  	
REDWOOD RESIDENTIAL ACQUISITION

	  	
CORPORATION,

	 	 
	  	
as Owner

	  	  
	  	
By:

	
/s/ John Isbrandtsen

	  	
Name:

	
John Isbrandtsen

	  	
Title:

	
Authorized Officer

 

	  	
CENLAR FSB,

	  	
as Servicer

	  	  
	  	
By:

	
/s/ Gregory S. Tornquist

	  	
Name:

	
Gregory S. Tornquist

	  	
Title:

	
President/CEO

 

[Flow Mortgage Loan Servicing Agreement, dated August 1, 2011]

 

  

 

  

 

EXHIBIT 1

 

FORM OF SERVICER ACKNOWLEDGEMENT

Pursuant to that certain Flow Mortgage Loan Servicing Agreement, dated as of [  ], 20[__] (the “Agreement”) between Redwood Residential Acquisition Corporation (“Owner”) and Cenlar FSB (“Servicer”), the Owner hereby engages the Servicer to service the mortgage loans identified on the mortgage loan schedule attached hereto as Schedule 1 (the “Mortgage Loans”).  Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Agreement.

Servicer hereby agrees to service the Mortgage Loans as of the Transfer Date and assumes all responsibilities to service the Mortgage Loans in accordance with the Agreement for and Addendum A to, and for the fees set forth on, the pricing proposal dated August 1, 2011.

Each of Owner and Servicer represents and warrants that its respective representations and warranties made in the Agreement are true and correct as of the Closing Date or such other date as is specified in the Agreement.

As set forth in the Agreement, the following terms shall have the respective meanings set forth below with respect to the Mortgage Loan Package referenced hereby.

1.           Closing Date. The Closing Date is [___ __ __], 20__.

2.           Cut-off Date.  The Cut-off Date is [_____ __], 20__.

3.           Transfer Date:  [_______], 20__.

4.           Number of Mortgage Loans. [___] Mortgage Loans.

5.           Stated Principal Balance as of Cut-off Date. $[__________].

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

IN WITNESS WHEREOF, Owner and Servicer have executed this Servicer Acknowledgement as of the day and year first written above.

	
REDWOOD RESIDENTIAL

ACQUISITION CORPORATION

as Owner

	  	
CENLAR FSB

as Servicer

	  	  	  	  
	
By:

	  	  	
By:

	  
	  	  	  	  	  
	
Name:

	  	  	
Name:

	  
	  	  	  	  	  
	
Its:

	  	  	
Its:

	  

 

  

1-1

  

EXHIBIT 2

FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN

Under federal law, borrowers are required to be notified in writing whenever ownership of a mortgage loan secured by their principal dwelling is sold, transferred or assigned (collectively, “sold”) to a new creditor.  This Notice is to inform you that your prior creditor has sold your loan (described below) to us, the new creditor identified below.

**Please note that while we now own your loan, we are not the servicer of your loan.  The servicer (identified below) acts on our behalf to handle the ongoing administration of your loan, including the collection of mortgage payments.  Please continue to send your mortgage payments as directed by the servicer, and NOT to us.  Also, should you have any questions regarding your loan, please contact the servicer using the contact information set forth below.  The servicer is authorized to handle routine inquiries and requests regarding your loan and, if necessary, to consult with us regarding your request and communicate to you our decision with respect to such request. **

Please note that the sale of your loan to us may also result in a change of servicer.  If this occurs, you will receive a separate notice, required under federal law, providing information regarding the new servicer.

 

	
LOAN INFORMATION

	  
	
Date of Loan:

	
Original Amount of Loan:

	
Date Your Loan was Sold to the New Creditor:

	
Address of Mortgaged Property:

	  
	 
	
SERVICER INFORMATION

	  
	
Name:

	
Mailing Address:

	
Telephone Number (Toll free):

	  
	
NEW CREDITOR INFORMATION

	  
	
Name:

	
Mailing Address:  (not for payments):

	
Telephone Number (Toll free):

	  
	
AGENT INFORMATION (If we have granted an agent other than the servicer authority to act on our behalf, contact information for such agent will appear below):

	  
	
Name:

	
Mailing Address:

	
Telephone Number (Toll free):

 

	
  

	
The transfer of the lien associated with your loan is currently recorded, or in the future may be recorded, in the public records of the local County Recorder’s office for the county where your property is located.  If checked  ̈, ownership of your loan is also recorded on the registry of the Mortgage Electronic Registrations System at 1818 Library Street, Suite 300, Reston, VA 20190.

  

2-1

  

 

	
  

	
[Confirm if applicable]  Your loan has been securitized and we own legal title to your loan acting as trustee of the related securitization trust (the “Trust”) for the benefit of the holders (the “Holders”) of the mortgage-backed securities issued by the Trust.  Our rights and obligations, as trustee, are defined in one or more contracts among us, the Holders and certain other parties.  As a result, our authority to respond favorably to your requests or inquiries may be limited by the terms of such contracts.

 

  

2-2

  

EXHIBIT 3

[TRANSFER INSTRUCTIONS]

 

  

3-1

  

 

ADDENDUM I

 

REGULATION AB COMPLIANCE ADDENDUM

 

TO FLOW MORTGAGE LOAN SERVICING AGREEMENT

 

(Servicing-only)

 

SECTION 1.  DEFINED TERMS

 

Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Agreement.  The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:

 

Commission:  The United States Securities and Exchange Commission.

 

Company:  CENLAR FSB, and its successors.

 

Company Information:  As defined in Section 2.07(a).

 

Depositor:  The depositor, as such term is defined in Regulation AB, with respect to any Securitization Transaction.

 

Exchange Act:  The Securities Exchange Act of 1934, as amended.

 

Master Servicer:  With respect to any Securitization Transaction, the “master servicer,” if any, identified in the related transaction documents.

 

Reconstitution Agreement:  The agreement or agreements entered into by the Company and the Owner and/or certain third parties on the Reconstitution Date or Dates with respect to any or all of the Mortgage Loans serviced hereunder, in connection with a Whole Loan Transfer or Securitization Transaction.

 

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.

 

  

I-1

  

 

Securities Act:  The Securities Act of 1933, as amended.

 

Securitization Transaction:  Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Owner to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

 

Servicer:  As defined in Section 2.03(c).

 

Servicing Criteria:  The “servicing criteria” set forth in Item 1122(d) of Regulation AB for which the Company is responsible in its capacity as Servicer as identified on Exhibit B hereto, provided that such Exhibit B may be amended from time to time to reflect changes in Regulation AB.

 

Sponsor:  With respect to any Securitization Transaction, the Person identified in writing to the Company by the Owner as sponsor for such Securitization Transaction.

 

Static Pool Information:  Static pool information as described in Item 1l05(a)(l)-(3) and 1105(c) of Regulation AB.

 

Subcontractor:  Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Company or a Subservicer, provided that this term shall not include the Owner, an Affiliate of the Owner or originators of Mortgage Loans acquired by the Company from the Owner or an Affiliate of the Owner.

 

Subservicer:  Any Person that services Mortgage Loans on behalf of the Company or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions identified in Item 1122(d) of Regulation AB that are required to be performed by the Company under this Agreement or any Reconstitution Agreement, provided that this term shall not include the Owner, an Affiliate of the Owner or originators of Mortgage Loans acquired by the Company from the Owner or an Affiliate of the Owner.

 

Whole Loan Transfer:  Any sale or transfer of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.

 

  

I-2

  

 

SECTION 2.  COMPLIANCE WITH REGULATION AB

Subsection 2.01.  Intent of the Parties; Reasonableness.

 

The Owner and the Company acknowledge and agree that the purpose of this Regulation AB Addendum is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Owner prior to the date hereof.  Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Company acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings.  References in this Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings.  The Owner and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonable efforts to comply with such amendments.

 

Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act).  The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB.  In connection with any Securitization Transaction, the Company shall cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) and one of any Master Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Company, any Subservicer, and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner, the Master Servicer or any Depositor to be necessary in order to effect such compliance.

 

The Owner and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Regulation AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction.

 

  

I-3

  

 

For purposes of this Regulation AB Addendum, the term “Owner” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and assigns.  In addition, any notice or request that must be “in writing”  or “written” may be made by electronic mail.

 

The Owner (including any of its assignees or designees) shall cooperate with the Company by providing timely notice of requests for information under these provisions.

 

Subsection 2.02  Additional Representations and Warranties of the Company.

(a)           The Company shall be deemed to represent to the Owner, to any Master Servicer and to any Depositor, as of the date on which information is first provided to the Owner, any Master Servicer or any Depositor under Section 2.03 that, except as disclosed in writing to the Owner, such Master Servicer or such Depositor prior to such date: (i) the Company is not aware and has not received notice that any default, early amortization or other performance triggering event with respect to the Company has occurred as to any other securitization due to any act or failure to act of the Company; (ii) the Company has not been terminated as servicer in a residential mortgage loan securitization, either due to a servicing default or to application of a servicing performance test or trigger; (iii) no material noncompliance with the Servicing Criteria with respect to other securitizations of residential mortgage loans involving the Company as servicer has been disclosed or reported by the Company; (iv) no material changes to the Company’s policies or procedures with respect to the servicing function it will perform under this Agreement and any Reconstitution Agreement for mortgage loans of a type similar to the Mortgage Loans have occurred during the three-year period immediately preceding the related Securitization Transaction; (v) there are no aspects of the Company’s financial condition that are reasonably expected to have a material adverse effect on the performance by the Company of its servicing obligations under this Agreement or any Reconstitution Agreement; (vi) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Company or any Subservicer; and (vii) there are no affiliations, relationships or transactions relating to the Company or any Subservicer with respect to any Securitization Transaction and any party thereto identified in writing to the Company by the related Depositor of a type described in Item 1119 of Regulation AB.

 

(b)           If so requested in writing by the Owner, any Master Servicer or any Depositor on any date following the date on which information is first provided to the Owner, any Master Servicer or any Depositor under Section 2.03, the Company shall use its best efforts to confirm in writing within five (5) Business Days, but in no event later than ten (10) Business Days, following such request the accuracy of the representations and warranties set forth in paragraph (a) of this Section or, if any such representation and warranty is not accurate as of the date of such request, provide within five (5) Business Days, but in no event later than ten (10) Business Days, reasonably adequate disclosure of the pertinent facts, in writing, to the requesting party.

 

Subsection 2.03  Information to Be Provided by the Company.

 

In connection with any Securitization Transaction, the Company shall use its best efforts to (i) within five (5) Business Days, but in no event later than ten (10) Business Days, following written request by the Owner or any Depositor, provide to the Owner and such Depositor (or, as

 

  

I-4

  

 

applicable, cause each Subservicer to provide), in writing and in form and substance reasonably satisfactory to the Owner and such Depositor, the information and materials specified in paragraphs (a), (b), (c) and (f) of this Section, and (ii) as promptly as practicable following notice to or discovery by the Company, provide to the Owner and any Depositor (in writing and in form and substance reasonably satisfactory to the Owner and such Depositor) the information specified in paragraph (d) of this Section.

 

(a)           [Reserved].

 

(b)           If so requested in writing by the Owner or any Depositor, the Company shall provide Static Pool Information solely with respect to securitized pools of mortgage loans (of a similar type as the Mortgage Loans, as reasonably identified by the Owner as provided below) that were included in securitizations that closed during the five (5) years preceding the closing date of the related Securitization Transaction.  Such Static Pool Information shall be prepared by the Company on the basis of its reasonable, good faith interpretation of the requirements of Item 1105(a)(3) of Regulation AB.  To the extent that there is reasonably available to the Company  Static Pool Information with respect to more than one mortgage loan type, the Owner or any Depositor shall be entitled to specify whether some or all of such information shall be provided pursuant to this paragraph.  The content of such Static Pool Information may be in the form customarily provided by the Company, and need not be customized for the Owner or any Depositor.  Such Static Pool Information for each prior securitized pool shall be presented in increments no less frequently than quarterly over the life of the mortgage loans included in such prior securitized pool.  The most recent periodic increment must be as of a date no later than 135 days prior to the date of the prospectus or other offering document in which the Static Pool Information is to be included or incorporated by reference.  The Static Pool Information shall be provided in an electronic format that provides a permanent record of the information provided, such as a portable document format (pdf) file, or other such electronic format reasonably required by the Owner or the Depositor, as applicable.

 

Promptly following notice or discovery of a material error in Static Pool Information provided pursuant to the immediately preceding paragraph (including an omission to include therein information required to be provided pursuant to such paragraph) during the applicable offering period for the securities, the Company shall provide corrected Static Pool Information to the Owner or any Depositor, as applicable, in the same format in which Static Pool Information was previously provided to such party by the Company.

 

If so requested in writing by the Owner or any Depositor, the Company shall provide, at the expense of the requesting party (to the extent of any additional incremental expense associated with delivery pursuant to this Regulation AB Addendum), such statements and agreed-upon procedures letters of certified public accountants reasonably acceptable to the Owner or Depositor, as applicable, pertaining to Static Pool Information relating to securitizations closed on or after January 1, 2006, as the Owner or such Depositor shall reasonably request.  Such statements and letters shall be addressed to and be for the benefit of such parties as the Owner or such Depositor shall designate, which may include, by way of example, any Sponsor, any Depositor and any broker dealer acting as underwriter, placement

 

  

I-5

  

 

agent or initial purchaser with respect to a Securitization Transaction.  Any such statement or letter may take the form of a standard, generally applicable document accompanied by a reliance letter authorizing reliance by the addressees designated by the Owner or such Depositor.

 

(c)           If so requested in writing by the Owner or any Depositor, the Company shall provide such information regarding the Company, as servicer of the Mortgage Loans, and each Subservicer (each of the Company and each Subservicer, for purposes of this paragraph, a “Servicer”), as is requested for the purpose of compliance with Item 1108, 1117 and 1119 of Regulation AB.  Such information shall include, at a minimum:

 

(A)           the Servicer’s form of organization;

 

(B)           a description of how long the Servicer has been servicing residential mortgage loans; a general discussion of the Servicer’s experience in servicing assets of any type as well as a more detailed discussion of the Servicer’s experience in, and procedures for, the servicing function it will perform under the Agreement and any Reconstitution Agreements; information regarding the size, composition and growth of the Servicer’s portfolio of residential mortgage loans of a type similar to the Mortgage Loans and information on factors related to the Servicer that may be material, in the good faith judgment of the Owner or any Depositor, to any analysis of the servicing of the Mortgage Loans or the related asset-backed securities, as applicable, including, without limitation:

 

(1)           whether any prior securitizations of mortgage loans of a type similar to the Mortgage Loans involving the Servicer have defaulted or experienced an early amortization or other performance triggering event because of servicing by the Servicer during the three-year period immediately preceding the related Securitization Transaction;

 

(2)           the extent of outsourcing the Servicer utilizes;

 

(3)           whether there has been previous disclosure of material noncompliance with the applicable servicing criteria with respect to other securitizations of residential mortgage loans involving the Servicer as a servicer during the three-year period immediately preceding the related Securitization Transaction;

 

(4)           whether the Servicer has been terminated as servicer in a residential mortgage loan securitization, either due to a servicing default or to application of a servicing performance test or trigger; and

 

(5)           such other information as the Owner or any Depositor may reasonably request for the purpose of compliance with Item 1108(b)(2) of Regulation AB;

 

(C)           a description of any material changes during the three-year period immediately preceding the related Securitization Transaction to the Servicer’s policies or procedures with respect to the servicing function it will perform under the Agreement and any Reconstitution Agreements for mortgage loans of a type similar to the Mortgage Loans;

 

  

I-6

  

 

(D)           information regarding the Servicer’s financial condition, to the extent that there is a material risk that an adverse financial event or circumstance involving the Servicer could have a material adverse effect on the performance by the Company of its servicing obligations under the Agreement or any Reconstitution Agreement;

 

(E)           information regarding advances made by the Servicer on the Mortgage Loans and the Servicer’s overall servicing portfolio of residential mortgage loans for the three-year period immediately preceding the related Securitization Transaction, which may be limited to a statement by an authorized officer of the Servicer to the effect that the Servicer has made all advances required to be made on residential mortgage loans serviced by it during such period, or, if such statement would not be accurate, information regarding the percentage and type of advances not made as required, and the reasons for such failure to advance;

 

(F)           a description of the Servicer’s processes and procedures designed to address any special or unique factors involved in servicing loans of a similar type as the Mortgage Loans;

 

(G)           a description of the Servicer’s processes for handling delinquencies, losses, bankruptcies and recoveries, such as through liquidation of mortgaged properties, sale of defaulted mortgage loans or workouts; and

 

(H)           information as to how the Servicer defines or determines delinquencies and charge-offs, including the effect of any grace period, re-aging, restructuring, partial payments considered current or other practices with respect to delinquency and loss experience.

 

(I)           a description of any legal or governmental proceedings pending (or known to be contemplated) against the Servicer that would be material to securityholders; and

 

(J)           a description of any affiliation or relationship between the Servicer and any of the following parties to a Securitization Transaction, as such parties are identified to the Servicer by the Owner or any Depositor in writing in advance of a Securitization Transaction.

 

(1)           the sponsor;

 

(2)           the depositor;

 

(3)           the issuing entity;

 

(4)           any servicer;

 

(5)           any trustee;

 

(6)           any originator;

 

(7)           any significant obligor;

 

(8)           any enhancement or support provider; and

 

(9)           any other material transaction party.

 

(d)           For the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of asset-backed securities, for so long as the Depositor is required to file reports under the Exchange Act with respect to a Securitization Transaction, the Company shall

 

  

I-7

  

(or shall cause each Subservicer to) (i) provide prompt notice to the Owner, any Master Servicer and any Depositor in writing of (A) any litigation or governmental proceedings pending against the Company or any Subservicer that would be material to securityholders and (B) any affiliations or relationships that develop following the closing date of a Securitization Transaction between the Company or any Subservicer and any of the parties specified in clause (D) of paragraph (a) of this Section (and any other parties identified in writing by the requesting party) with respect to such Securitization Transaction, but only to the extent that such affiliations or relationships do not include the Owner, Depositor or any of their respective Affiliates as a party, (C) any Event of Default of which it is aware or has received notice under the terms of the Agreement or any Reconstitution Agreement, (D) any merger or consolidation where the Company is not the surviving entity or sale of substantially all of the assets of the Company, and (E) the Company’s entry into an agreement with a Subservicer to perform or assist in the performance of any of the Company’s obligations under the Agreement or any Reconstitution Agreement and (ii) provide to the Owner and any Depositor a description of such proceedings, affiliations or relationships.

 

(e)           As a condition to the succession to the Company or any Subservicer as servicer or subservicer under the Agreement or any Reconstitution Agreement by any Person (i) into which the Company or such Subservicer may be merged or consolidated, or (ii) which may be appointed as a successor to the Company or any Subservicer, the Company shall provide to the Owner, any Master Servicer and any Depositor, at least 15 calendar days prior to the effective date of such succession or appointment, (x) written notice to the Owner and any Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Owner and such Depositor, all information reasonably requested in writing by the Owner or any Depositor in order to comply with its reporting obligation under Item 6.02 of Form 8-K with respect to any class of asset-backed securities.

 

(f)           In addition to such information as the Company, as servicer, is obligated to provide pursuant to other provisions of the Agreement, not later than ten (10) days prior to the deadline for the filing of any distribution report on Form 10-D in respect of any Securitization Transaction that includes any of the Mortgage Loans serviced by the Company or any Subservicer, the Company or such Subservicer, as applicable, shall, to the extent the Company or such Subservicer has knowledge, provide to the party responsible for filing such report (including, if applicable, the Master Servicer) notice of the occurrence of any of the following events along with all information, data and materials related thereto and reasonably available to it as may be required to be included in the related distribution report on Form 10-D (as specified in the provisions of Regulation AB referenced below):

 

(i)           any modifications, extensions or waivers of pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time (Item 1121(a)(11) of Regulation AB) that would be material to the securityholders;

 

(ii)           breaches of pool asset representations or warranties or transaction covenants (Item 1121(a)(12) of Regulation AB) that would be material to the securityholders; and

 

  

I-8

  

 

(iii)           information regarding new asset-backed securities issuances backed by the same pool assets, any pool asset changes (such as additions, substitutions or repurchases), and any changes in origination, underwriting or other criteria for acquisition or selection of pool assets (Item 1121(a)(14) of Regulation AB) that would be material to the securityholders.

 

(g)           The Company shall provide to the Owner, any Master Servicer and any Depositor, upon written request, evidence of the authorization of the person signing any certification or statement, copies of Fidelity Bond Insurance and Errors and Omissions Insurance policy evidence, publicly available financial information and reports, and, to the extent material to securityholders, such other information related to the Company or any Subservicer of the Company’s or such Subservicer’s performance hereunder.

 

Subsection 2.04  Servicer Compliance Statement.

 

On or before March 5th of each calendar year when the Depositor is required to file reports under the Exchange Act with respect to the related Securitization Transaction, commencing in 2012, the Company shall deliver to the Owner and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, a statement of compliance addressed to such parties and signed by an authorized officer of the Company, to the effect that (i) a review of the Company’s activities during the immediately preceding calendar year (or applicable portion thereof) and of its performance under the Agreement and any applicable Reconstitution Agreement during such period has been made under such officer’s supervision, and (ii) to the best of such officers’ knowledge, based on such review, the Company has fulfilled all of its obligations under the Agreement and any applicable Reconstitution Agreement in all material respects throughout such calendar year (or applicable portion thereof) or, if there has been a failure to fulfill any such obligation in any material respect, specifically identifying each such failure known to such officer and the nature and the status thereof.

 

Subsection 2.05  Report on Assessment of Compliance and Attestation.

 

(a)           On or before March 5th of each calendar year when the Depositor is required to file reports under the Exchange Act with respect to the related Securitization Transaction, commencing in 2012, the Company shall:

 

(i)           deliver to the Owner and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, a report (in form and substance reasonably satisfactory to such parties) regarding the Company’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.  Such report shall be addressed to such parties and signed by an authorized officer of the Company, and shall address each of the “Applicable Servicing Criteria” specified on Exhibit B hereto;

 

  

I-9

  

 

(ii)           deliver to the Owner and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, a report of a registered public accounting firm reasonably acceptable to such parties that attests to, and reports on, the assessment of compliance made by the Company and delivered pursuant to the preceding paragraph.  Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act;

 

(iii)           cause each Subservicer, and each Subcontractor determined by the Company pursuant to Section 2.06(b) to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver to the Owner and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, an assessment of compliance and accountants’ attestation as and when provided in paragraphs (a) and (b) of this Section; and

 

(iv)           deliver, and cause each Subservicer, and each Subcontractor determined by the Company pursuant to Section 2.06(b) to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver, to the Owner and any Master Servicer, or any Depositor if a Master Servicer has not been identified for the related Securitization Transaction, and any other Person that will be responsible for signing the certification (a “Sarbanes Certification”) required by Rules 13a-14(d) and 15d-14(d) under the Exchange Act (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) on behalf of an asset-backed issuer with respect to a Securitization Transaction a certification, signed by the appropriate officer of the Company, in the form attached hereto as Exhibit A.

 

The Company acknowledges that the parties identified in clause (a)(iv) above may rely on the certification provided by the Company pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission.  Neither the Owner nor any Depositor will request delivery of a certification under clause (a)(iv) above unless a Depositor is required under the Exchange Act to file an annual report on Form 10-K with respect to an issuing entity whose asset pool includes Mortgage Loans.

 

(b)           Each assessment of compliance provided by a Subservicer pursuant to Section 2.05(a)(iii) shall address each of the Servicing Criteria specified on substantially Exhibit B hereto or, in the case of a Subservicer subsequently appointed as such, on or prior to the date of such appointment.  An assessment of compliance provided by a Subcontractor pursuant to Section 2.05(a)(iii) need not address any elements of the Servicing Criteria other than those specified by the Company pursuant to Section 2.06.

 

Subsecton 2.06  Use of Subservicers and Subcontractors.

 

The Company shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section.  The Company shall not hire or otherwise utilize the services of any Subcontractor, and shall not authorize any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill

 

  

I-10

  

 

any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

 

(a)           It shall not be necessary for the Company to seek the consent of the Owner, any Master Servicer or any Depositor to the utilization of any Subservicer.  The Company shall cause any Subservicer used by the Company (or by any Subservicer) for the benefit of the Owner and any Depositor to comply with the provisions of this Section and with Sections 2.02, 2.03(c), (e), (f) and (g), 2.04, 2.05 and 2.07 of this Regulation AB Addendum to the same extent as if such Subservicer were the Company, and to provide the information required with respect to such Subservicer under Section 2.03(d) of this Regulation AB Addendum.  The Company shall be responsible for obtaining from each Subservicer and delivering to the Owner and any Depositor any servicer compliance statement required to be delivered by such Subservicer under Section 2.04, any assessment of compliance and attestation required to be delivered by such Subservicer under Section 2.05 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 2.05 as and when required to be delivered.

 

(b)           It shall not be necessary for the Company to seek the consent of the Owner, any Master Servicer or any Depositor to the utilization of any Subcontractor.  The Company shall promptly upon written request provide to the Owner and any Master Servicer, or any Depositor (or any designee of the Depositor, such as an administrator) if a Master Servicer has not been identified for the related Securitization Transaction, a written description (in form and substance reasonably satisfactory to such parties) of the role and function of each Subcontractor utilized by the Company or any Subservicer, specifying (i) the identity of each such Subcontractor, (ii) which (if any) of such Subcontractors are “participating in the servicing function” within the meaning of Item 1122 of Regulation AB and (iii) which elements of the Servicing Criteria will be addressed in assessments of compliance provided by each Subcontractor identified pursuant to clause (ii) of this paragraph.

 

(c)           As a condition to the utilization of any Subcontractor determined to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, the Company shall cause any such Subcontractor used by the Company (or by any Subservicer) for the benefit of the Owner and any Depositor to comply with the provisions of Sections 2.05 and 2.07 of this Regulation AB Addendum to the same extent as if such Subcontractor were the Company.  The Company shall be responsible for obtaining from each Subcontractor and delivering to the Owner and any Depositor any assessment of compliance and attestation required to be delivered by such Subcontractor under Section 2.05, in each case as and when required to be delivered.

 

Subsection 2.07  Indemnification; Remedies.

 

The Company shall indemnify the Owner, each Affiliate of the Owner, and each of the following parties participating in a Securitization Transaction: each Sponsor; each issuing entity; each Person (including, but not limited to, any Master Servicer if applicable) 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

 

  

I-11

  

 

Transaction; each broker dealer acting as underwriter, placement agent or initial purchaser, each Person who controls any of such parties or the Depositor (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, agents and Affiliates of each of the foregoing and of the Depositor (each, an “Indemnified Party”), and shall hold each of them harmless from and against any claims, 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)           (A) any untrue statement of a material fact contained or alleged to be contained in any information, report, certification, accountants’ letter or other material provided in written or electronic format under this Regulation AB Addendum by or on behalf of the Company, or provided under this Regulation AB Addendum by or on behalf of any Subservicer or Subcontractor (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; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the Company Information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Company Information or any portion thereof is presented together with or separately from such other information;

 

(b)           any breach by the Company of its obligations under this Regulation AB Addendum, including particularly any failure by the Company, any Subservicer or any Subcontractor to deliver any information, report, certification, accountants’ letter or other material when and as required under this Regulation AB Addendum, including any failure by the Company to identify pursuant to Section 2.06(b) any Subcontractor “participating in the servicing function” within the meaning of Item 1122 of Regulation AB;

 

(c)           any breach by the Company of a representation or warranty set forth in Section 2.02(a) or in a writing furnished pursuant to Section 2.02(b) and made as of a date prior to the closing date of the related Securitization Transaction, to the extent that such breach is not cured by such closing date, or any breach by the Company of a representation or warranty in a writing furnished pursuant to Section 2.02(b) to the extent made as of a date subsequent to such closing date, or

 

(d)           the negligence, bad faith or willful misconduct of the Company in connection with its performance under this Regulation AB Addendum.

 

If the indemnification provided for herein is unavailable or insufficient to hold harmless an Indemnified Party, then the Company agrees that it shall contribute to the amount paid or payable by such Indemnified Party as a result of any claims, losses, damages or liabilities incurred by such Indemnified Party in such proportion as is appropriate to reflect the relative fault of such Indemnified Party on the one hand and the Company on the other.

 

  

I-12

  

 

In the case of any failure of performance described in clause (a)(ii) of this Section, the Company shall promptly reimburse the Owner, any Depositor, 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 Company, any Subservicer or any Subcontractor.

 

(e)           This indemnification shall survive the termination of the Agreement or the termination of any party to the Agreement.

 

(i)           Any failure by the Company, any Subservicer or any Subcontractor to deliver any information, report, certification, accountants’ letter or other material when and as required under this Regulation AB Addendum, or any breach by the Company of a representation or warranty set forth in Section 2.02(a) or in a writing furnished pursuant to Section 2.02(b) and made as of a date prior to the closing date of the related Securitization Transaction, to the extent that such breach is not cured by such closing date, or any breach by the Company of a representation or warranty in a writing furnished pursuant to Section 2.02(b) to the extent made as of a date subsequent to such closing date, shall, except as provided in clause (ii) of this paragraph, immediately and automatically, without notice or grace period, constitute an Event of Default with respect to the Company under the Agreement and any applicable Reconstitution Agreement, and shall entitle the Owner or Depositor, as applicable, in its sole discretion to terminate the rights and obligations of the Company as servicer under the Agreement and/or any applicable Reconstitution Agreement without payment (notwithstanding anything in the Agreement or any applicable Reconstitution Agreement to the contrary) of any compensation to the Company (and, if the Company is servicing any of the Mortgage Loans in a Securitization Transaction, appoint a successor servicer reasonably acceptable to any Master Servicer for such Securitization Transaction); provided that to the extent that any provision of the Agreement and/or any applicable Reconstitution Agreement expressly provides for the survival of certain rights or obligations following termination of the Company as servicer, such provision shall be given effect.

 

(ii)           Any failure by the Company, any Subservicer or any Subcontractor to deliver any information, report, certification or accountants’ letter when and as required under Section 2.04 or 2.05, including (except as provided below) any failure by the Company to identify pursuant to Section 2.06(b) any Subcontractor “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, which continues unremedied for ten (10) calendar days after the date on which such information, report, certification or accountants’ letter was required to be delivered shall constitute an Event of Default with respect to the Company under the Agreement and any applicable Reconstitution Agreement, and shall entitle the Owner, any Master Servicer or any Depositor, as applicable, in its sole discretion to terminate the rights and obligations of the Company as servicer under the Agreement and/or any applicable Reconstitution Agreement without payment (notwithstanding anything in this Agreement to the

 

  

I-13

  

 

contrary) of any compensation to the Company; provided that to the extent that any provision of the Agreement and/or any applicable Reconstitution Agreement expressly provides for the survival of certain rights or obligations following termination of the Company as servicer, such provision shall be given effect.

 

Neither the Owner nor any Depositor shall be entitled to terminate the rights and obligations of the Company pursuant to this subparagraph (b)(ii) if a failure of the Company to identify a Subcontractor “participating in the servicing function” within the meaning of Items 1122 of Regulation AB was attributable solely to the role or functions of such Subcontractor with respect to mortgage loans other than the Mortgage Loans.

 

(f)           The Company shall promptly reimburse the Owner (or any designee of the Owner), any Master Servicer and any Depositor, as applicable, for all reasonable expenses incurred by the Owner (or such designee) or such Depositor, as such are incurred, in connection with the termination of the Company as servicer and the transfer of servicing of the Mortgage Loans to a successor servicer.  The provisions of this paragraph shall not limit whatever rights the Owner or any Depositor may have under other provisions of the Agreement and/or any applicable Reconstitution Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.

 

Subsection 2.08  Third-party Beneficiary.

 

For purposes of this Regulation AB Addendum and any related provisions thereto, each Master Servicer shall be considered a third-party beneficiary of the Agreement, entitled to all the rights and benefits hereof as if it were a direct party to the Agreement.

 

  

I-14

  

EXHIBIT A

 

FORM OF ANNUAL CERTIFICATION

 

Re:         The [     ] agreement dated as of [              ], 20[  ] (the “Agreement”), among

[IDENTIFY PARTIES]

 

I, ________________________________, the _____________________ of [ ] certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [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 and identified as the responsibility of the Company on Exhibit B to the Regulation AB Compliance Addendum to the Agreement (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 20[ ] that were delivered by the Company to the [Depositor] [Master Servicer] [Securities Administrator] [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] [Securities Administrator] [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

 

(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.

 

  

I-A-1

  

 

	
Date:

	  

 

	
By:

	  
	 	 
	  	
Name:

	  	
Title:

 

  

I-2

  

 

EXHIBIT B

 

SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

 

The assessment of compliance to be delivered by [the Company] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”;

 

	
Servicing Criteria

	
Applicable

Servicing

Criteria

	
Reference

	
Criteria

	  
	  	
General Servicing Considerations

	  
	  	
Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.

	
x

	
1122(d)(1)(i)

	
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.

	
x

	
1122(d)(1)(iii)

	
Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans 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

	  	
Cash Collection and Administration

	  
	
1122(d)(2)(i)

	
Payments on mortgage loans 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

	
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

	
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

	
1122(d)(2)(iv)

	
The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

	
x

 

  

I-B-1

  

	  Servicing Criteria	
Applicable

Servicing

Criteria

	  
	
Reference

	
Criteria

	  	  
	
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

	  
	
1122(d)(2)(vi)

	
Unissued checks are safeguarded so as to prevent unauthorized access.

	  	  
	
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

	  
	  	
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 mortgage loans serviced by the Servicer.

	
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

	
1122(d)(3)(iii)

	
Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.

	
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

 

  

I-2

  

	  Servicing Criteria	
Applicable

Servicing

Criteria

	
Reference

	
Criteria

	  
	  	
Pool Asset Administration

	  
	
1122(d)(4)(i)

	
Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.

	
x

	
1122(d)(4)(ii)

	
Mortgage loan and related documents are safeguarded as required by the transaction agreements

	
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

	
1122(d)(4)(iv)

	
Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the 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 mortgage loan documents.

	
x

	
1122(d)(4)(v)

	
The Servicer’s records regarding the mortgage loans agree with the 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 mortgage loans (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

	
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

	
1122(d)(4)(viii)

	
Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

	
x

 

  

I-3

  

	Servicing Criteria	
Applicable

Servicing

Criteria

	
Reference

	
Criteria

	  
	
1122(d)(4)(ix)

	
Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.

	
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 mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the Mortgage Loans, or such other number of days specified in the transaction agreements.

	
x

	
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 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 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 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

	
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.

	  

 

  

I-4

  

 

	[NAME OF SUBSERVICER] 
	 
	
Date:

	  

 

	
By:

	  
	 	 
	  	
Name:

	  	
Title:

 

  

I-5

  

 

[__] – RRAC TO TRUSTEE

 

ADDENDUM II

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

For

Flow Mortgage Loan Servicing Agreement

THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, dated as of [ ] (the “Assignment”), is entered into among Redwood Residential Acquisition Corporation (the “Assignor”), Sequoia Residential Funding, Inc. (the “Depositor”), [SERVICER NAME], as the servicer (the “Servicer”), and [ ] as trustee (in such capacity, the “Trustee” and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of [ ] (the “Pooling and Servicing Agreement”), among the Assignor, the Depositor and the Assignee.

 

RECITALS

WHEREAS, the Assignor and the Servicer have entered into a certain Flow Mortgage Loan Servicing Agreement, dated as of [ ] (the “Flow Servicing Agreement”), and the Servicer is currently servicing certain mortgage loans (the “Mortgage Loans”) under the Flow Servicing Agreement; and

 

WHEREAS, the Assignor will sell the Mortgage Loans (the “Specified Mortgage Loans”) that are listed on the mortgage loan schedule attached as Exhibit I hereto (the “Specified Mortgage Loan Schedule”) and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans to the Depositor; and

 

WHEREAS, the Depositor will sell to the Assignee all of its right, title and interest in the Specified Mortgage Loans and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans; and

 

WHEREAS, the parties hereto have agreed that the Specified Mortgage Loans shall be subject to the terms of this Assignment.

 

NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:

 

1.           Assignment and Assumption.

 

(a)           Effective on and as of the date hereof, the Assignor hereby sells, assigns, conveys and transfers to the Depositor all of its right, title and interest in, to and under the Flow Sale and Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Depositor hereby accepts such assignment from the Assignor and assumes such obligations.

 

  

II-1

  

(b)           Effective on and as of the date hereof, the Depositor hereby sells, assigns, conveys and transfers to the Assignee all of its right, title and interest in, to and under the Flow Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Assignee hereby accepts such assignment from the Depositor.

 

(c)           Assignee agrees to be bound, as “Owner” (as such term is defined in the Flow Servicing Agreement), by all of the terms, covenants and conditions of the Flow Servicing Agreement relating to the Specified Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and Servicer all of Assignor’s obligations as Owner thereunder in respect of the Specified Mortgage Loans.

 

	
2.

	
Recognition of the Assignee.

 

From and after the date hereof, subject to Section 3 below, the Servicer shall recognize the Assignee as the holder of the rights and benefits of the Owner with respect to the Specified Mortgage Loans and the Servicer will service the Specified Mortgage Loans for the Assignee as if the Assignee and the Servicer had entered into a separate servicing agreement for the servicing of the Specified Mortgage Loans in the form of the Flow Servicing Agreement (as amended hereby) with the Assignee as the Owner thereunder, the terms of which Flow Servicing Agreement are incorporated herein by reference and amended hereby.  It is the intention of the parties hereto that this Assignment will be a separate and distinct agreement, and the entire agreement, between the parties hereto to the extent of the Specified Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.

 

	
3.

	
Continuing Rights and Responsibilities.

 

(a)  The parties hereto agree and acknowledge that [                 ], an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s rights and all related responsibilities as Owner under the sections of the  Flow Servicing Agreement listed below:

 

	
  

	
Flow Servicing Agreement:

 

	
Section

	 	
Matter

	  	 	  
	
11.01, 5th, 7th and 8th ¶’s

	 	
Servicer to Act as Servicer; Subservicing.

	
11.13, 4th and 5th ¶’s

	 	
Title, Management and Disposition of REO Property.

	  	 	  
	
11.20

	 	
Servicer Shall Provide Access and Information as Reasonably Required.

 

  

II-2

  

 

(b)           Notwithstanding Sections 1 and 2 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and the responsibilities of the Owner under the Sections of the Flow Sale and Servicing Agreement listed below:

 

	
  

	
Flow Sale and Servicing Agreement:

 

	
Section

	 	
Matter

	  	 	  
	
Addendum I

	 	
Regulation AB Compliance Addendum

 

(c)           In addition, the Servicer agrees to furnish to the Assignor as well the Master Servicer copies of reports, notices, statements and other communications required to be delivered by the Servicer pursuant to any of the sections of the Flow Servicing Agreement referred to above and under the following sections, at the times therein specified:

 

	
  

	
Flow Servicing Agreement:

 

	
Section

	 	  
	  	 	  
	
11.09

	 	
Transfer of Accounts.

	  	 	  
	
11.16

	 	
Statements to the Owner.

	  	 	  
	
Subsection 2.04 of Addendum I

	 	
Servicer Compliance Statement.

	  	 	  
	
Subsection 2.05 of Addendum I

	 	
Report on Assessment of Compliance and Attestation.

 

(d)           If any Affiliate of the Depositor is no longer the Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 3(a) shall terminate and revert to Assignee; provided, however, that the rights and responsibilities assumed by the Controlling Holder under the 5th paragraph of Section 11.01 of the Flow Sale and Servicing Agreement shall terminate in their entirety as to the Specified Mortgage Loans.  Assignor will provide thirty (30) days notice to the Servicer of any such termination.

 

	
4.

	
Amendment to the Flow Servicing Agreement.

 

The Flow Servicing Agreement are hereby amended as set forth in Appendix A hereto with respect to the Specified Mortgage Loans.

 

	
5.

	
Representations and Warranties.

 

(a) Each of the parties hereto represents and warrants that it is duly and legally authorized to enter into this Assignment.

 

  

II-3

  

 

(b) Each of the parties hereto represents and warrants that this Assignment has been duly authorized, executed and delivered by it and (assuming due authorization, execution and delivery thereof by each of the other parties hereto) constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (regardless of whether such enforcement is considered in a proceeding in equity or at law).

 

  

II-4

  

	
6.

	
Continuing Effect.

 

Except as contemplated hereby, the Flow Servicing Agreement shall remain in full force and effect in accordance with their terms.  This Assignment constitutes a Reconstitution Agreement as contemplated in Section 32 of the Flow Servicing Agreement and the Reconstitution Date shall be the date hereof with respect to the Specified Mortgage Loans listed on Exhibit I on the date hereof.

 

	
7.

	
Governing Law.

 

This Assignment and the rights and obligations hereunder shall be governed by and construed in accordance with the internal laws of the State of New York.

 

	
8.

	
Notices.

 

Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignor and Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Assignor and Assignee as follows:

 

Assignor:  Redwood Residential Acquisition Corporation

One Belvedere Place, Suite 360

Mill Valley, CA  94941

Assignee:  [ ]

 

or to such other address as may hereafter be furnished by the Assignor or Assignee to the other parties in accordance with the provisions of the Flow Servicing Agreement.

 

	
9.

	
Counterparts.

 

This Assignment may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.

 

	
10.

	
Definitions.

 

Any capitalized term used but not defined in this Assignment has the same meaning as in the Flow Servicing Agreement.

 

  

II-5

  

 

	
11.

	
[Master Servicer.

 

The Servicer hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N. A. (the “Master Servicer”) to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee.  The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Owner under the Flow Servicing Agreement to enforce the obligations of the Servicer thereunder.  Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Master Servicer at the following address:

 

Wells Fargo Bank, N. A.

P.O. Box 98

Columbia, Maryland 21046

(or, for overnight deliveries, 9062 Old Annapolis Road, Columbia, Maryland  21045)

Attention: Sequoia Mortgage Trust [ ]

 

or to such other address as may hereafter be furnished by the Master Servicer to Servicer.  Any such notices or other communications permitted or required under the Flow Servicing Agreement may be delivered in electronic format unless manual signature is required in which case a hard copy of such report or communication shall be required.

 

The Servicer further acknowledges that the Assignor has engaged the Master Servicer to provide certain default administration and that the Master Servicer, acting as agent of the Assignor, may exercise any of the rights of the Owner retained by the Assignor in Section 3 above.

 

The Servicer shall make all distributions under the Flow Servicing Agreement, as they relate to the Specified Mortgage Loans, to the Master Servicer by wire transfer of immediately funds to:

 

[__]

 

  

II-6

  

 

12.           Successors and Assigns.

 

Upon a transfer of the Specified Mortgage Loans by the Assignee (other than in respect of repurchases by a seller pursuant to the related purchase agreement) to a buyer (“buyer”), such transfer shall constitute a Reconstitution subject to the terms of Section 32 of the Flow Servicing Agreement.  Upon the closing of such transfer, the rights and obligations of Owner held by the Assignor pursuant to this Assignment shall automatically terminate and the buyer shall be deemed to possess all of the rights and obligations of Owner under the Flow Servicing Agreement, provided, however, that the Assignor shall remain liable for any obligations as Owner arising from or attributable to the period from the date hereof to the closing date of such transfer.

 

[remainder of page intentionally left blank]

 

  

II-7

  

 

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

 

	  	
ASSIGNOR:

	  	
REDWOOD RESIDENTIAL ACQUISITION CORPORATION

	  	  
	  	
By:

	  
	  	
Name:

	  
	  	
Title:

	  

 

	  	
DEPOSITOR:

	  	
SEQUOIA RESIDENTIAL FUNDING, INC.

	  	  
	  	
By:

	  
	  	
Name:

	  
	  	
Title:

	  

 

	  	
ASSIGNEE:

	  	
[ ]

	  	  	  
	  	By:	
 

	  	Name:	
 

	  	Title:	
 

 

	  	
SERVICER:

	  	
[ ]

	  	  	  
	  	By:	
 

	  	Name:	
 

	  	Title:	
 

  

II-8

  

 

Accepted and agreed to by:

 

	
MASTER SERVICER:

	
WELLS FARGO BANK, N.A.

	  
	
By:

	  
	
Name:

	  
	
Title:

	  

 

  

II-9

  

EXHIBIT I

 

  

II-1

  

APPENDIX A

 

MODIFICATIONS TO THE FLOW SALE AND SERVICING AGREEMENT

 

1.           The definition of “Business Day” in Section 1 of the Agreement is hereby deleted in its entirety and replaced with the following:

 

“Business Day:  Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of New York, the State of California, or the State of Maryland or the State of Minnesota, or (iii) a day on which banks in the State of New York, the State of California, or the State of Maryland or the State of Minnesota are authorized or obligated by law or executive order to be closed.”

 

	
  

	
2.

	
The definition of “Closing Date” is hereby revised to read as follows:

 

“Closing Date:  [__], except with respect to the first paragraph of Section 3 and the Servicer Acknowledgement(s).”

 

3.           The definition of “Cut-off Date” is hereby revised to read as follows:

 

“Cut-off Date:  [__], except with respect to the first paragraph of Section 3 and the Servicer Acknowledgement(s).”

 

	
  

	
4.

	
The definition of “First Remittance Date” is hereby revised to read as follows:

 

	
  

	
“First Remittance Date:  [__].”

 

	
  

	
5.

	
Subsection 11.04, first sentence of the first paragraph is revised to read as follows:

 

“The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Collection Accounts (collectively, the “Collection Account”), titled “[ ], in trust for the holders of [ ] Mortgage Pass-Through Certificates.”

 

6.           Notwithstanding anything to the contrary in the Flow Servicing Agreement, any Custodial Accounts established by the Servicer pursuant to Subsection 11.04 of the Flow Servicing Agreement shall qualify as Eligible Accounts as defined in the Pooling and Servicing Agreement.

 

7.           Subsection 11.13 is revised to add the following paragraphs at the end of the section:

“The REO Property must be sold within three years following the end of the calendar year of the date of acquisition if a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, unless (i) the Owner shall have been supplied with an Opinion of Counsel (at the Servicer’s expense) to the effect that the holding by the related trust of such Mortgaged Property subsequent to such three-year period (and specifying the period beyond such three-year period for which the Mortgaged Property may be held) will not result in the imposition of taxes on “prohibited transactions” of the related trust as defined in Section 860F of the Code, or cause the related REMIC to fail to qualify as a

 

  

 

  

 

REMIC, in which case the related trust may continue to hold such Mortgaged Property (subject to any conditions contained in such Opinion of Counsel), or (ii) the Owner (at the Servicer’s expense) or the Servicer shall have applied for, prior to the expiration of such three-year period, an extension of such three-year period in the manner contemplated by Section 856(e)(3) of the Code, in which case the three-year period shall be extended by the applicable period.  If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, the Servicer shall report monthly to the Owner as to progress being made in selling such REO Property.

Notwithstanding any other provision of this Agreement, if a REMIC election has been made, no Mortgaged Property held by a REMIC shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the related trust or sold in such a manner or pursuant to any terms that would (i) cause such Mortgaged Property to fail to qualify at any time as “foreclosure property” within a meaning of Section 860G(a)(8) of the Code, (ii) subject to the related trust to the imposition of any federal or state income taxes on “net income from foreclosure property” with respect to such Mortgaged Property within the meaning of Section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged Property to result in the receipt by the related trust or any income from non-permitted assets as described in Section 860F(a) (2)(B) of the Code, unless the Servicer has agreed to indemnify and hold harmless the related trust with respect to the imposition of any such taxes.”

8.           Subsection 11.16, first sentence of the first paragraph is revised to read as follows:

“Not later than the tenth (10th) day of each month, the Servicer shall forward to the Owner in an electronic format statements, in substantially the same forms as, and providing the information described in, Exhibit 3 hereto; or as otherwise mutually agreed to by Servicer and the Master Servicer.”

9.           The Flow Servicing Agreement is modified by adding a new Subsection 11.[26] which reads as follows:

“Subsection 11.26 Compliance with REMIC Provisions.

If a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC 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 as a REMIC or (ii) result in the imposition of a tax upon the REMIC (including but not limited to the tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on “contribution” to a REMIC set forth in Section 860G(d) of the Code unless the Servicer has received an Opinion of Counsel (at the expense of the party seeking to take such actions) to the effect that the contemplated action will not endanger such REMIC status or result in the imposition of any such tax.”

 

  

II-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]