Document:

EXECUTION
        COPY

    

     

    STRUCTURED
      ASSET SECURITIES CORPORATION, as Depositor,

     

    AURORA
      LOAN SERVICES LLC, as Master Servicer,

     

    and
      

     

    WELLS
      FARGO BANK, N.A., as Trustee

     

    
      

    

     

    TRUST
      AGREEMENT

     

    Dated
      as
      of March 1, 2007

     

    
      

    

     

    STRUCTURED
      ADJUSTABLE RATE MORTGAGE LOAN TRUST

    MORTGAGE
      PASS-THROUGH CERTIFICATES

    SERIES
      2007-3

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF
      CONTENTS

    

      
        	 	 	 	PAGE	 
	 	 	 	 	 
	
                ARTICLE
                  I DEFINITIONS 

              	 	 	21	 
	
                Section
                  1.01.

              	 	 	
                Definitions.
                  

              	 	 	
                21

              	 
	
                Section
                  1.02.

              	 	 	
                Calculations
                  Respecting Mortgage Loans.

              	 	 	
                73

              	 
	
                Section
                  1.03.

              	 	 	
                Rights
                  of the NIMS Insurer 

              	 	 	
                73

              	 
	
                ARTICLE
                  II DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES

              	 	 	
                74

              	 
	
                Section
                  2.01.

              	 	 	
                Creation
                  and Declaration of Trust Fund; Conveyance of Mortgage
                  Loans.

              	 	 	
                74

              	 
	
                Section
                  2.02.

              	 	 	
                Acceptance
                  of Trust Fund by Trustee: Review of Documentation for Trust
                  Fund.

              	 	 	
                78

              	 
	
                Section
                  2.03.

              	 	 	
                Representations
                  and Warranties of the Depositor.

              	 	 	
                80

              	 
	
                Section
                  2.04.

              	 	 	
                Discovery
                  of Breach. 

              	 	 	
                81

              	 
	
                Section
                  2.05.

              	 	 	
                Repurchase,
                  Purchase or Substitution of Mortgage Loans.

              	 	 	
                82

              	 
	
                Section
                  2.06.

              	 	 	
                Grant
                  Clause. 

              	 	 	
                83

              	 
	
                ARTICLE
                  III THE CERTIFICATES 

              	 	 	
                84

              	 
	
                Section
                  3.01.

              	 	 	
                The
                  Certificates. 

              	 	 	
                84

              	 
	
                Section
                  3.02.

              	 	 	
                Registration.
                  

              	 	 	
                85

              	 
	
                Section
                  3.03.

              	 	 	
                Transfer
                  and Exchange of Certificates. 

              	 	 	
                86

              	 
	
                Section
                  3.04.

              	 	 	
                Cancellation
                  of Certificates. 

              	 	 	
                91

              	 
	
                Section
                  3.05.

              	 	 	
                Replacement
                  of Certificates.

              	 	 	
                92

              	 
	
                Section
                  3.06.

              	 	 	
                Persons
                  Deemed Owners. 

              	 	 	
                92

              	 
	
                Section
                  3.07.

              	 	 	
                Temporary
                  Certificates. 

              	 	 	
                92

              	 
	
                Section
                  3.08.

              	 	 	
                Appointment
                  of Paying Agent. 

              	 	 	
                93

              	 
	
                Section
                  3.09.

              	 	 	
                Book-Entry
                  Certificates. 

              	 	 	
                93

              	 
	
                ARTICLE
                  IV ADMINISTRATION OF THE TRUST FUND 

              	 	 	
                95

              	 
	
                Section
                  4.01.

              	 	 	
                Collection
                  Account. 

              	 	 	
                95

              	 
	
                Section
                  4.02.

              	 	 	
                Application
                  of Funds in the Collection Account. 

              	 	 	
                97

              	 
	
                Section
                  4.03.

              	 	 	
                Reports
                  to Certificateholders. 

              	 	 	
                99

              	 
	
                Section
                  4.04.

              	 	 	
                Certificate
                  Account. 

              	 	 	
                103

              	 
	
                ARTICLE
                  V DISTRIBUTIONS TO HOLDERS OF CERTIFICATES 

              	 	 	
                105

              	 
	
                Section
                  5.01.

              	 	 	
                Distributions
                  Generally. 

              	 	 	
                105

              	 
	
                Section
                  5.02.

              	 	 	
                Distributions
                  from the Certificate Account. 

              	 	 	
                106

              	 
	
                Section
                  5.03.

              	 	 	
                Allocation
                  of Realized Losses. 

              	 	 	
                123

              	 
	
                Section
                  5.04.

              	 	 	
                Advances
                  by the Master Servicer and the Trustee. 

              	 	 	
                126

              	 
	
                Section
                  5.05.

              	 	 	
                Compensating
                  Interest Payments. 

              	 	 	
                126

              	 
	
                Section
                  5.06.

              	 	 	
                Funding
                  Account. 

              	 	 	
                127

              	 
	
                Section
                  5.07.

              	 	 	
                Basis
                  Risk Reserve Funds. 

              	 	 	
                128

              	 
	
                Section
                  5.08.

              	 	 	
                Supplemental
                  Interest Trust. 

              	 	 	
                129

              	 
	
                Section
                  5.09.

              	 	 	
                Collateral
                  Account. 

              	 	 	
                129

              	 
	
                Section
                  5.10.

              	 	 	
                Rights
                  of Swap Counterparty. 

              	 	 	
                130

              	 
	
                Section
                  5.11.

              	 	 	
                Termination
                  Receipts. 

              	 	 	
                130

              	 
	
                Section
                  5.12.

              	 	 	
                1-X
                  Component Account. 

              	 	 	
                131

              	 
	
                Section
                  5.13.

              	 	 	
                The
                  Class P Reserve Funds. 

              	 	 	
                132

              	 
	
                ARTICLE
                  VI CONCERNING THE TRUSTEE; EVENTS OF DEFAULT 

              	 	 	132	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  6.01.

              	 	 	
                Duties
                  of Trustee. 

              	 	 	
                132

              	 
	
                Section
                  6.02.

              	 	 	
                Certain
                  Matters Affecting the Trustee. 

              	 	 	
                136

              	 
	
                Section
                  6.03.

              	 	 	
                Trustee
                  Not Liable for Certificates. 

              	 	 	
                137

              	 
	
                Section
                  6.04.

              	 	 	
                Trustee
                  May Own Certificates. 

              	 	 	
                137

              	 
	
                Section
                  6.05.

              	 	 	
                Eligibility
                  Requirements for Trustee. 

              	 	 	
                137

              	 
	
                Section
                  6.06.

              	 	 	
                Resignation
                  and Removal of Trustee. 

              	 	 	
                138

              	 
	
                Section
                  6.07.

              	 	 	
                Successor
                  Trustee. 

              	 	 	
                139

              	 
	
                Section
                  6.08.

              	 	 	
                Merger
                  or Consolidation of Trustee. 

              	 	 	
                139

              	 
	
                Section
                  6.09.

              	 	 	
                Appointment
                  of Co-Trustee, Separate Trustee or Custodian.

              	 	 	
                140

              	 
	
                Section
                  6.10.

              	 	 	
                Authenticating
                  Agents. 

              	 	 	
                142

              	 
	
                Section
                  6.11.

              	 	 	
                Indemnification
                  of Trustee. 

              	 	 	
                143

              	 
	
                Section
                  6.12.

              	 	 	
                Fees
                  and Expenses of Trustee and Custodian. 

              	 	 	
                143

              	 
	
                Section
                  6.13.

              	 	 	
                Collection
                  of Monies. 

              	 	 	
                144

              	 
	
                Section
                  6.14.

              	 	 	
                Events
                  of Default; Trustee To Act; Appointment of Successor. 

              	 	 	
                144

              	 
	
                Section
                  6.15.

              	 	 	
                Additional
                  Remedies of Trustee Upon Event of Default. 

              	 	 	
                149

              	 
	
                Section
                  6.16.

              	 	 	
                Waiver
                  of Defaults. 

              	 	 	
                149

              	 
	
                Section
                  6.17.

              	 	 	
                Notification
                  to Holders. 

              	 	 	
                149

              	 
	
                Section
                  6.18.

              	 	 	
                Directions
                  by Certificateholders and Duties of Trustee During Event of Default.
                  

              	 	 	
                149

              	 
	
                Section
                  6.19.

              	 	 	
                Action
                  Upon Certain Failures of the Master Servicer and Upon Event of
                  Default.
                  

              	 	 	
                150

              	 
	
                Section
                  6.20.

              	 	 	
                Preparation
                  of Tax Returns and Other Reports.

              	 	 	
                150

              	 
	
                Section
                  6.21.

              	 	 	
                Reporting
                  Requirements of the Commission. 

              	 	 	
                157

              	 
	
                Section
                  6.22.

              	 	 	
                No
                  Merger. 

              	 	 	
                157

              	 
	
                Section
                  6.23.

              	 	 	
                Indemnification
                  by the Trustee. 

              	 	 	
                157

              	 
	
                ARTICLE
                  VII PURCHASE AND TERMINATION OF THE TRUST FUND 

              	 	 	
                158

              	 
	
                Section
                  7.01.

              	 	 	
                Termination
                  of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans.
                  

              	 	 	158	 
	
                Section
                  7.02.

              	 	 	
                Procedure
                  Upon Termination of Trust Fund. 

              	 	 	
                160

              	 
	
                Section
                  7.03.

              	 	 	
                Additional
                  Requirements under the REMIC Provisions. 

              	 	 	
                161

              	 
	
                Section
                  7.04.

              	 	 	
                Optional
                  Purchase Right of NIMS Insurer. 

              	 	 	
                162

              	 
	
                ARTICLE
                  VIII RIGHTS OF CERTIFICATEHOLDERS 

              	 	 	
                162

              	 
	
                Section
                  8.01.

              	 	 	
                Limitation
                  on Rights of Holders. 

              	 	 	
                162

              	 
	
                Section
                  8.02.

              	 	 	
                Access
                  to List of Holders. 

              	 	 	
                163

              	 
	
                Section
                  8.03.

              	 	 	
                Acts
                  of Holders of Certificates. 

              	 	 	
                164

              	 
	
                ARTICLE
                  IX ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER
                  SERVICER
                  

              	 	 	
                165

              	 
	
                Section
                  9.01.

              	 	 	
                Duties
                  of the Master Servicer. 

              	 	 	
                165

              	 
	
                Section
                  9.02.

              	 	 	
                Master
                  Servicer Fidelity Bond and Master Servicer Errors and Omissions
                  Insurance
                  Policy. 

              	 	 	
                165

              	 
	
                Section
                  9.03.

              	 	 	
                Master
                  Servicer’s Financial Statements and Related Information. 

              	 	 	166	 
	
                Section
                  9.04.

              	 	 	
                Power
                  to Act; Procedures. 

              	 	 	
                166

              	 
	
                Section
                  9.05.

              	 	 	
                Servicing
                  Agreements Between the Master Servicer and Servicers; Enforcement
                  of
                  Servicers’ Obligations. 

              	 	 	
                168

              	 
	
                Section
                  9.06.

              	 	 	
                Collection
                  of Taxes, Assessments and Similar Items. 

              	 	 	
                169

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  9.07.

              	 	 	
                Termination
                  of Servicing Agreements; Successor Servicers. 

              	 	 	
                169

              	 
	
                Section
                  9.08.

              	 	 	
                Master
                  Servicer Liable for Enforcement. 

              	 	 	
                170

              	 
	
                Section
                  9.09.

              	 	 	
                No
                  Contractual Relationship Between the Servicers, any NIMS Insurer
                  and
                  Trustee or Depositor. 

              	 	 	
                170

              	 
	
                Section
                  9.10.

              	 	 	
                Assumption
                  of Servicing Agreement by Trustee. 

              	 	 	
                171

              	 
	
                Section
                  9.11.

              	 	 	
                “Due-on-Sale”
                  Clauses; Assumption Agreements. 

              	 	 	
                171

              	 
	
                Section
                  9.12.

              	 	 	
                Release
                  of Mortgage Files. 

              	 	 	
                172

              	 
	
                Section
                  9.13.

              	 	 	
                Documents,
                  Records and Funds in Possession of Master Servicer To Be Held for
                  Trustee.
                  

              	 	 	
                173

              	 
	
                Section
                  9.14.

              	 	 	
                Representations
                  and Warranties of the Master Servicer. 

              	 	 	
                174

              	 
	
                Section
                  9.15.

              	 	 	
                Closing
                  Certificate and Opinion. 

              	 	 	
                176

              	 
	
                Section
                  9.16.

              	 	 	
                Standard
                  Hazard and Flood Insurance Policies. 

              	 	 	
                176

              	 
	
                Section
                  9.17.

              	 	 	
                Presentment
                  of Claims and Collection of Proceeds. 

              	 	 	
                177

              	 
	
                Section
                  9.18.

              	 	 	
                Maintenance
                  of the Primary Mortgage Insurance Policies. 

              	 	 	
                177

              	 
	
                Section
                  9.19.

              	 	 	
                Trustee
                  To Retain Possession of Certain Insurance Policies and Documents.
                  

              	 	 	
                178

              	 
	
                Section
                  9.20.

              	 	 	
                Realization
                  Upon Defaulted Mortgage Loans. 

              	 	 	
                178

              	 
	
                Section
                  9.21.

              	 	 	
                Compensation
                  to the Master Servicer. 

              	 	 	
                179

              	 
	
                Section
                  9.22.

              	 	 	
                REO
                  Property. 

              	 	 	
                179

              	 
	
                Section
                  9.23.

              	 	 	
                Notices
                  to the Depositor and the Trustee 

              	 	 	
                180

              	 
	
                Section
                  9.24.

              	 	 	
                Reports
                  to the Trustee. 

              	 	 	
                181

              	 
	
                Section
                  9.25.

              	 	 	
                Assessment
                  of Compliance and Attestation Reports. 

              	 	 	181	 
	
                Section
                  9.26.

              	 	 	
                Annual
                  Statement of Compliance with Applicable Servicing Criteria .
                  

              	 	 	
                183

              	 
	
                Section
                  9.27.

              	 	 	
                Merger
                  or Consolidation. 

              	 	 	
                184

              	 
	
                Section
                  9.28.

              	 	 	
                Resignation
                  of Master Servicer.

              	 	 	
                184

              	 
	
                Section
                  9.29.

              	 	 	
                Assignment
                  or Delegation of Duties by the Master Servicer. 

              	 	 	
                184

              	 
	
                Section
                  9.30.

              	 	 	
                Limitation
                  on Liability of the Master Servicer and Others. 

              	 	 	
                185

              	 
	
                Section
                  9.31.

              	 	 	
                Indemnification;
                  Third-Party Claims. 

              	 	 	
                186

              	 
	
                Section
                  9.32.

              	 	 	
                Allocation
                  to Related Mortgage Pool. 

              	 	 	
                186

              	 
	
                ARTICLE
                  X REMIC ADMINISTRATION 

              	 	 	
                187

              	 
	
                Section
                  10.01.

              	 	 	
                REMIC
                  and Grantor Trust Administration. 

              	 	 	
                187

              	 
	
                Section
                  10.02.

              	 	 	
                Prohibited
                  Transactions and Activities. 

              	 	 	
                197

              	 
	
                Section
                  10.03.

              	 	 	
                Indemnification
                  with Respect to Certain Taxes and Loss of REMIC Status. 

              	 	 	
                197

              	 
	
                Section
                  10.04.

              	 	 	
                REO
                  Property.

              	 	 	
                198

              	 
	
                ARTICLE
                  XI MISCELLANEOUS PROVISIONS 

              	 	 	
                198

              	 
	
                Section
                  11.01.

              	 	 	
                Binding
                  Nature of Agreement; Assignment. 

              	 	 	
                198

              	 
	
                Section
                  11.02.

              	 	 	
                Entire
                  Agreement. 

              	 	 	
                199

              	 
	
                Section
                  11.03.

              	 	 	
                Amendment.
                  

              	 	 	
                199

              	 
	
                Section
                  11.04.

              	 	 	
                Voting
                  Rights. 

              	 	 	
                200

              	 
	
                Section
                  11.05.

              	 	 	
                Provision
                  of Information.

              	 	 	
                201

              	 
	
                Section
                  11.06.

              	 	 	
                Governing
                  Law. 

              	 	 	
                201

              	 
	
                Section
                  11.07.

              	 	 	
                Notices.
                  

              	 	 	
                201

              	 
	
                Section
                  11.08.

              	 	 	
                Severability
                  of Provisions. 

              	 	 	
                202

              	 
	
                Section
                  11.09.

              	 	 	
                Indulgences;
                  No Waivers. 

              	 	 	
                202

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  11.10.

              	 	 	
                Headings
                  Not To Affect Interpretation.

              	 	 	
                202

              	 
	
                Section
                  11.11.

              	 	 	
                Benefits
                  of Agreement. 

              	 	 	
                202

              	 
	
                Section
                  11.12.

              	 	 	
                Special
                  Notices to the Rating Agencies, the Swap Counterparty and NIMS
                  Insurer.
                  

              	 	 	
                202

              	 
	
                Section
                  11.13.

              	 	 	
                Counterparts.

              	 	 	
                203

              	 
	
                Section
                  11.14.

              	 	 	
                Transfer
                  of Servicing.

              	 	 	
                203

              	 
	
                Section
                  11.15.

              	 	 	
                Conflicts.

              	 	 	
                205

              	 
	
                Section
                  11.16.

              	 	 	
                Third
                  Party Rights. 

              	 	 	
                205

              	 

      

    

     

     

    
      
        	
                Exhibit
                  A

              	 	 	
                Forms
                  of Certificates

              	 
	
                Exhibit
                  B-1

              	 	 	
                Form
                  of Initial Certification

              	 
	
                Exhibit
                  B-2

              	 	 	
                Form
                  of Interim Certification

              	 
	
                Exhibit
                  B-3

              	 	 	
                Form
                  of Final Certification

              	 
	
                Exhibit
                  B-4

              	 	 	
                Form
                  of Endorsement

              	 
	
                Exhibit
                  C

              	 	 	
                Request
                  for Release of Documents and Receipt

              	 
	
                Exhibit
                  D-l

              	 	 	
                Form
                  of Residual Certificate Transfer Affidavit (Transferee)

              	
                 

              
	
                Exhibit
                  D-2

              	 	 	
                Form
                  of Residual Certificate Transfer Affidavit (Transferor)

              	
                 

              
	
                Exhibit
                  E

              	 	 	
                Servicing
                  Agreements

              	 
	
                Exhibit
                  F

              	 	 	
                Form
                  of Rule 144A Transfer Certificate

              	 
	
                Exhibit
                  G

              	 	 	
                Form
                  of Purchaser’s Letter for Institutional Accredited
                  Investors

              	 
	
                Exhibit
                  H

              	 	 	
                Form
                  of ERISA Transfer Affidavit

              	 
	
                Exhibit
                  I

              	 	 	
                Monthly
                  Remittance Advice

              	 
	
                Exhibit
                  J

              	 	 	
                Monthly
                  Electronic Data Transmission

              	 
	
                Exhibit
                  K

              	 	 	
                Custodial
                  Agreements

              	 
	
                Exhibit
                  L-1

              	 	 	
                Form
                  of Transfer Certificate for Transfer from Restricted Global Security
                  to
                  Regulation S Global Security

              	 
	
                Exhibit
                  L-2

              	 	 	
                Form
                  of Transfer Certificate for Transfer from Regulation S Global Security
                  to
                  Restricted Global Security

              	 
	
                Exhibit
                  M

              	 	 	
                Interest
                  Rate Cap Agreement 

              	 
	
                Exhibit
                  N

              	 	 	
                Swap
                  Agreement 

              	 
	
                Exhibit
                  O

              	 	 	
                Servicing
                  Criteria to be Addressed in Assessment of Compliance

              	 
	
                Exhibit
                  P-1

              	 	 	
                Additional
                  Form 10-D Disclosure 

              	 
	
                Exhibit
                  P-2

              	 	 	
                Additional
                  Form 10-K Disclosure 

              	 
	
                Exhibit
                  P-3

              	 	 	
                Additional
                  Form 8-K Disclosure 

              	 
	
                Exhibit
                  P-4

              	 	 	
                Additional
                  Disclosure Notification

              	 
	
                Exhibit
                  Q-1

              	 	 	
                Form
                  of Back-up Sarbanes-Oxley Certification

              	 
	
                Exhibit
                  Q-2

              	 	 	
                Form
                  of Certification to be Provided by the Trustee

              	 
	
                Exhibit
                  R

              	 	 	
                Transaction
                  Parties

              	 
	 	 	 	 	 
	
                Schedule
                  A

              	 	 	
                Mortgage
                  Loan Schedule

              	 
	
                Schedule
                  B

              	 	 	
                Early
                  Payment Default Mortgage Loans

              	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
      TRUST AGREEMENT, dated as of March 1, 2007 (the “Agreement”), is by and among
      STRUCTURED ASSET SECURITIES CORPORATION, a Delaware corporation, as depositor
      (the “Depositor”), AURORA LOAN SERVICES LLC, as master servicer (the “Master
      Servicer”) and WELLS FARGO BANK, N.A., a national banking association, as
      trustee (the “Trustee”).

     

    PRELIMINARY
      STATEMENT

     

    The
      Depositor has acquired the Mortgage Loans from Lehman Brothers Holdings Inc.
      (the “Seller”), and at the Closing Date is the owner of the Mortgage Loans and
      the other property being conveyed by it to the Trustee hereunder for inclusion
      in the Trust Fund. On the Closing Date, the Depositor will acquire the
      Certificates from the Trust Fund as consideration for its transfer to the Trust
      Fund of the Mortgage Loans and the other property constituting the Trust Fund.
      The Depositor has duly authorized the execution and delivery of this Agreement
      to provide for the conveyance to the Trustee of the Mortgage Loans and the
      other
      property constituting the Trust Fund. All covenants and agreements made by
      the
      Seller in the Mortgage Loan Sale Agreement and by the Depositor, the Master
      Servicer and the Trustee herein with respect to the Mortgage Loans and the
      other
      property constituting the Trust Fund are for the benefit of the Holders from
      time to time of the Certificates and, to the extent provided herein, any NIMS
      Insurer and the Swap Counterparty. The Depositor, the Trustee and the Master
      Servicer are entering into this Agreement, and the Trustee is accepting the
      Trust Fund created hereby, for good and valuable consideration, the receipt
      and
      sufficiency of which are hereby acknowledged.

     

    As
      provided herein, elections shall be made in accordance with the provisions
      of
      Section 10.01 that the Trust Fund (other than (i) the Swap Agreement, (ii)
      the
      Supplemental Interest Trust, (iii) the Interest Rate Cap Agreement, (iv) the
      Basis Risk Reserve Fund, (v) the rights to receive Prepayment Penalty Amounts
      distributable to the Class P Certificates and the Class P Reserve Funds, (vi)
      the Funding Account and 1-X Component Account, (vii) the Lower Tier Interests
      and (viii) the right to receive FPD Premiums) be treated for federal income
      tax
      purposes as comprising nine real estate mortgage investment conduits (each
      a
“REMIC” or, in the alternative, the “SWAP REMIC,” “REMIC I-1,” “REMIC
      I-2,” “REMIC I-3,” “REMIC II-1,” “REMIC II-2,” “REMIC II-3,” “REMIC III-1” and
“REMIC III-2”).
      Each
      Group I Certificate and the Class X Certificate represents ownership of one
      or
      more regular interests in REMIC I-3 for purposes of the REMIC Provisions. In
      addition, each Group I Certificate represents (i) the right to receive payments
      with respect to Excess Interest and (ii) the obligation to make payments in
      respect of Class I Shortfalls. In
      addition, the Class X Certificates represent the right to receive FPD Premiums
      with respect to Pool 1. The
      Class
      R-I Certificate represents ownership of the sole Class of residual interest
      in
      each of the SWAP REMIC, REMIC I-1, REMIC I-2 and REMIC I-3 for purposes of
      the
      REMIC Provisions. Each Group II Certificate (other than the Class R-II
      Certificate) represents ownership of regular interests in REMIC II-3 for
      purposes of the REMIC Provisions. In addition, the
      Class 3-AX Certificates represent the right to receive FPD Premiums with respect
      to Pool 3.
      The
      Class R-II Certificate represents ownership of the sole Class of residual
      interest in each of REMIC II-1, REMIC II-2 and REMIC II-3. Each Group III
      Certificate (other than the Class R-III Certificate) represents ownership of
      regular interests in REMIC III-2 for purposes of the REMIC Provisions. In
      addition, the Class 4-AX Certificates represent the right to receive FPD
      Premiums with respect to Pool 4. The Class R-III Certificate represents
      ownership of the sole Class of residual interest in each of REMIC III-1 and
      REMIC III-2.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    GROUP
      I REMICS

    

    REMIC
      I-3
      shall hold as its assets the classes of REMIC I-2 Regular Interests and the
      REMIC I-2 Regular Interests are hereby designated as regular interests in REMIC
      I-2. REMIC I-2 shall hold as its assets the classes of REMIC I-1 Regular
      Interests and the REMIC I-1 Regular Interests are hereby designated as regular
      interests in REMIC I-1. REMIC I-1 shall hold as its assets the classes of SWAP
      REMIC Regular Interests and the SWAP REMIC Regular Interests are hereby
      designated as regular interests in the SWAP REMIC. The SWAP REMIC shall hold
      as
      its assets the property of the Trust Fund related to Pool 1 other than (i)
      the
      Swap Agreement, (ii) the Supplemental Interest Trust, (iii) the Interest Rate
      Cap Agreement, (iv) the Basis Risk Reserve Fund, (v) the rights to receive
      Prepayment Penalty Amounts distributable to the Class P Certificates and the
      Class P Reserve Funds, (vi) the Funding Account and the 1-X Component Account,
      (vii) the Lower Tier Interests and (viii) the right to receive FPD
      Premiums.

    

    The
      SWAP REMIC

    

    The
      following table sets forth (or describes) the Class designations, interest
      rate
      and initial principal amount for each Class of SWAP REMIC
      Interests:

    

    
      	
              Class
                Designation

            	
              Initial
                Principal Balance

            	
              Interest
                Rate

            
	 	 	 
	
              SW-Z

            	
              $15,433,580.220

            	
              (1)

            
	
              SW2A

            	
              $7,403,217.000

            	
              (2)

            
	
              SW2B

            	
              $7,403,217.000

            	
              (3)

            
	
              SW3A

            	
              $7,141,771.000

            	
              (2)

            
	
              SW3B

            	
              $7,141,771.000

            	
              (3)

            
	
              SW4A

            	
              $6,889,555.500

            	
              (2)

            
	
              SW4B

            	
              $6,889,555.500

            	
              (3)

            
	
              SW5A

            	
              $6,646,245.000

            	
              (2)

            
	
              SW5B

            	
              $6,646,245.000

            	
              (3)

            
	
              SW6A

            	
              $6,411,525.500

            	
              (2)

            
	
              SW6B

            	
              $6,411,525.500

            	
              (3)

            
	
              SW7A

            	
              $6,185,093.000

            	
              (2)

            
	
              SW7B

            	
              $6,185,093.000

            	
              (3)

            
	
              SW8A

            	
              $5,966,655.000

            	
              (2)

            
	
              SW8B

            	
              $5,966,655.000

            	
              (3)

            
	
              SW9A

            	
              $5,755,930.500

            	
              (2)

            
	
              SW9B

            	
              $5,755,930.500

            	
              (3)

            
	
              SW10A

            	
              $5,552,645.500

            	
              (2)

            
	
              SW10B

            	
              $5,552,645.500

            	
              (3)

            
	
              SW11A

            	
              $5,489,764.500

            	
              (2)

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              SW11B

            	
              $5,489,764.500

            	
              (3)

            
	
              SW12A

            	
              $5,162,474.500

            	
              (2)

            
	
              SW12B

            	
              $5,162,474.500

            	
              (3)

            
	
              SW13A

            	
              $5,884,195.000

            	
              (2)

            
	
              SW13B

            	
              $5,884,195.000

            	
              (3)

            
	
              SW14A

            	
              $5,638,631.500

            	
              (2)

            
	
              SW14B

            	
              $5,638,631.500

            	
              (3)

            
	
              SW15A

            	
              $5,403,315.500

            	
              (2)

            
	
              SW15B

            	
              $5,403,315.500

            	
              (3)

            
	
              SW16A

            	
              $5,267,367.500

            	
              (2)

            
	
              SW16B

            	
              $5,267,367.500

            	
              (3)

            
	
              SW17A

            	
              $4,957,955.500

            	
              (2)

            
	
              SW17B

            	
              $4,957,955.500

            	
              (3)

            
	
              SW18A

            	
              $4,751,041.000

            	
              (2)

            
	
              SW18B

            	
              $4,751,041.000

            	
              (3)

            
	
              SW19A

            	
              $4,697,512.000

            	
              (2)

            
	
              SW19B

            	
              $4,697,512.000

            	
              (3)

            
	
              SW20A

            	
              $4,356,721.000

            	
              (2)

            
	
              SW20B

            	
              $4,356,721.000

            	
              (3)

            
	
              SW21A

            	
              $4,174,894.000

            	
              (2)

            
	
              SW21B

            	
              $4,174,894.000

            	
              (3)

            
	
              SW22A

            	
              $4,030,379.000

            	
              (2)

            
	
              SW22B

            	
              $4,030,379.000

            	
              (3)

            
	
              SW23A

            	
              $4,067,156.000

            	
              (2)

            
	
              SW23B

            	
              $4,067,156.000

            	
              (3)

            
	
              SW24A

            	
              $3,662,613.500

            	
              (2)

            
	
              SW24B

            	
              $3,662,613.500

            	
              (3)

            
	
              SW25A

            	
              $4,091,816.500

            	
              (2)

            
	
              SW25B

            	
              $4,091,816.500

            	
              (3)

            
	
              SW26A

            	
              $3,892,707.500

            	
              (2)

            
	
              SW26B

            	
              $3,892,707.500

            	
              (3)

            
	
              SW27A

            	
              $3,750,272.000

            	
              (2)

            
	
              SW27B

            	
              $3,750,272.000

            	
              (3)

            
	
              SW28A

            	
              $3,520,795.500

            	
              (2)

            
	
              SW28B

            	
              $3,520,795.500

            	
              (3)

            
	
              SW29A

            	
              $3,349,468.000

            	
              (2)

            
	
              SW29B

            	
              $3,349,468.000

            	
              (3)

            
	
              SW30A

            	
              $3,224,622.000

            	
              (2)

            
	
              SW30B

            	
              $3,224,622.000

            	
              (3)

            
	
              SW31A

            	
              $3,029,561.000

            	
              (2)

            
	
              SW31B

            	
              $3,029,561.000

            	
              (3)

            
	
              SW32A

            	
              $2,882,134.500

            	
              (2)

            
	
              SW32B

            	
              $2,882,134.500

            	
              (3)

            
	
              SW33A

            	
              $3,225,297.500

            	
              (2)

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              SW33B

            	
              $3,225,297.500

            	
              (3)

            
	
              SW34A

            	
              $5,014,816.500

            	
              (2)

            
	
              SW34B

            	
              $5,014,816.500

            	
              (3)

            
	
              SW35A

            	
              $4,062,001.000

            	
              (2)

            
	
              SW35B

            	
              $4,062,001.000

            	
              (3)

            
	
              SW36A

            	
              $2,352,821.000

            	
              (2)

            
	
              SW36B

            	
              $2,352,821.000

            	
              (3)

            
	
              SW37A

            	
              $2,028,460.000

            	
              (2)

            
	
              SW37B

            	
              $2,028,460.000

            	
              (3)

            
	
              SW38A

            	
              $1,929,754.500

            	
              (2)

            
	
              SW38B

            	
              $1,929,754.500

            	
              (3)

            
	
              SW39A

            	
              $1,835,850.500

            	
              (2)

            
	
              SW39B

            	
              $1,835,850.500

            	
              (3)

            
	
              SW40A

            	
              $1,746,515.500

            	
              (2)

            
	
              SW40B

            	
              $1,746,515.500

            	
              (3)

            
	
              SW41A

            	
              $1,661,527.500

            	
              (2)

            
	
              SW41B

            	
              $1,661,527.500

            	
              (3)

            
	
              SW42A

            	
              $1,580,674.000

            	
              (2)

            
	
              SW42B

            	
              $1,580,674.000

            	
              (3)

            
	
              SW43A

            	
              $1,503,754.500

            	
              (2)

            
	
              SW43B

            	
              $1,503,754.500

            	
              (3)

            
	
              SW44A

            	
              $1,430,577.500

            	
              (2)

            
	
              SW44B

            	
              $1,430,577.500

            	
              (3)

            
	
              SW45A

            	
              $1,360,961.500

            	
              (2)

            
	
              SW45B

            	
              $1,360,961.500

            	
              (3)

            
	
              SW46A

            	
              $1,294,732.500

            	
              (2)

            
	
              SW46B

            	
              $1,294,732.500

            	
              (3)

            
	
              SW47A

            	
              $1,318,734.500

            	
              (2)

            
	
              SW47B

            	
              $1,318,734.500

            	
              (3)

            
	
              SW48A

            	
              $1,167,429.500

            	
              (2)

            
	
              SW48B

            	
              $1,167,429.500

            	
              (3)

            
	
              SW49A

            	
              $1,110,622.500

            	
              (2)

            
	
              SW49B

            	
              $1,110,622.500

            	
              (3)

            
	
              SW50A

            	
              $1,056,578.500

            	
              (2)

            
	
              SW50B

            	
              $1,056,578.500

            	
              (3)

            
	
              SW51A

            	
              $1,005,165.000

            	
              (2)

            
	
              SW51B

            	
              $1,005,165.000

            	
              (3)

            
	
              SW52A

            	
              $982,398.500

            	
              (2)

            
	
              SW52B

            	
              $982,398.500

            	
              (3)

            
	
              SW53A

            	
              $958,354.000

            	
              (2)

            
	
              SW53B

            	
              $958,354.000

            	
              (3)

            
	
              SW54A

            	
              $861,816.000

            	
              (2)

            
	
              SW54B

            	
              $861,816.000

            	
              (3)

            
	
              SW55A

            	
              $819,878.500

            	
              (2)

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              SW55B

            	
              $819,878.500

            	
              (3)

            
	
              SW56A

            	
              $854,711.000

            	
              (2)

            
	
              SW56B

            	
              $854,711.000

            	
              (3)

            
	
              SW57A

            	
              $1,129,931.500

            	
              (2)

            
	
              SW57B

            	
              $1,129,931.500

            	
              (3)

            
	
              SW58A

            	
              $14,040,610.000

            	
              (2)

            
	
              SW58B

            	
              $14,040,610.000

            	
              (3)

            
	
              SW-R

            	
              (4)

            	
              (4)

            

    

    

    (1) The
      interest rate on the Class SW-Z Interest shall be a per annum rate equal to
      the
Pool
      1 Net WAC.

    

    (2) For
      any Distribution Date, the interest rate on each SWAP REMIC Regular Interest
      ending with the designation “A” shall be a per annum rate equal to 2 times the
      Pool 1 Net WAC, subject to a maximum rate of 2 times the REMIC Swap Rate for
      such Distribution Date.

    

    (3) For
      any Distribution Date, the interest rate on each SWAP REMIC Regular Interest
      ending with the designation “B” shall be a per annum rate equal to the greater
      of (x) the excess, if any, of (i) 2 times the Pool
      1 Net WAC over (ii) 2 times the REMIC Swap Rate for such Distribution Date
      and
      (y) 0.00%.

    

    (4) The
      Class SW-R Interest shall have no principal amount and shall bear no interest.
      It shall be represented by the Class R-I Certificate.

    

    REMIC
      I-1

     

    The
      following table sets forth (or describes) the Class designation, interest rate,
      and initial principal amount for each Class of REMIC I-1 Interests.

     

    
      	 	 	 	 	 	 	
              Corresponding

            
	
              Class

            	 	 	 	
              Initial
                Class

            	 	
              Class
                of

            
	
              Designation

            	 	
              Interest
                Rate

            	 	
              Principal
                Amount

            	 	
              Certificates

            
	 	 	 	 	 	 	 
	
              LTI1-1A1

            	 	
              (1)

            	 	
              (2)

            	 	
              1-A1

            
	
              LTI1-1A2

            	 	
              (1)

            	 	
              (2)

            	 	
              1-A2

            
	
              LTI1-M1

            	 	
              (1)

            	 	
              (2)

            	 	
              M-1

            
	
              LTI1-M2

            	 	
              (1)

            	 	
              (2)

            	 	
              M-2

            
	
              LTI1-M3

            	 	
              (1)

            	 	
              (2)

            	 	
              M-3

            
	
              LTI1-M4

            	 	
              (1)

            	 	
              (2)

            	 	
              M-4

            
	
              LTI1-M5

            	 	
              (1)

            	 	
              (2)

            	 	
              M-5

            
	
              LTI1-M6

            	 	
              (1)

            	 	
              (2)

            	 	
              M-6

            
	
              LTI1-M7

            	 	
              (1)

            	 	
              (2)

            	 	
              M-7

            
	
              LTI1-M8

            	 	
              (1)

            	 	
              (2)

            	 	
              M-8

            
	
              LTI1-X

            	 	
              (1)

            	 	
              (3)

            	 	
              N/A

            
	
              LTI1-IO

            	 	
              (4)

            	 	
              (4)

            	 	
              N/A

            
	
              LTI1-R

            	 	
              (5)

            	 	
              (5)

            	 	
              N/A

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (1) The
      interest rate with respect to any Distribution Date (and the related Accrual
      Period) for each of these REMIC I-1 Interests is a per annum rate equal to
      the
      weighted average of the interest rates on the SWAP REMIC Regular Interests
      for
      such Distribution Date, provided however, that for any Distribution Date on
      which the Class LTI1-IO Interest is entitled to a portion of interest accruals
      on a SWAP REMIC Regular Interest ending with a designation “A” as described in
      footnote 4 below, such weighted average shall be computed by first subjecting
      the rate on such SWAP REMIC Regular Interest to a cap equal to Swap LIBOR for
      such Distribution Date.

    

    (2) The
      initial principal amount for each of these REMIC I-1 Interests equals 50% of
      the
      initial principal amount of the Corresponding Class of
      Certificates.

    

    (3) This
      interest shall have an initial principal balance equal to the excess of (i)
      the
      Aggregate Loan Balance for Pool 1 as of the Cut-off Date over (ii) the aggregate
      initial principal balance of the REMIC I-1 Marker Classes.

    

    (4) The
      Class
      LTI1-IO Interest is an interest-only class that does not have a principal
      balance. For only those Distribution Dates listed in the first column of the
      table below, the Class LTI1-IO shall be entitled to interest accrued on the
      SWAP
      REMIC Regular Interest listed in the second column below at a per annum rate
      equal to the excess, if any, of (i) the interest rate for such SWAP REMIC
      Regular Interest for such Distribution Date over (ii) Swap LIBOR for such
      Distribution Date.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    

    
      	
              Distribution
                Date

            	 	
              SWAP
                REMIC Regular Interest

            
	
              2

            	 	
              Class
                SW2A

            
	
              2-3

            	 	
              Class
                SW3A

            
	
              2-4

            	 	
              Class
                SW4A

            
	
              2-5

            	 	
              Class
                SW5A

            
	
              2-6

            	 	
              Class
                SW6A

            
	
              2-7

            	 	
              Class
                SW7A

            
	
              2-8

            	 	
              Class
                SW8A

            
	
              2-9

            	 	
              Class
                SW9A

            
	
              2-10

            	 	
              Class
                SW10A

            
	
              2-11

            	 	
              Class
                SW11A

            
	
              2-12

            	 	
              Class
                SW12A

            
	
              2-13

            	 	
              Class
                SW13A

            
	
              2-14

            	 	
              Class
                SW14A

            
	
              2-15

            	 	
              Class
                SW15A

            
	
              2-16

            	 	
              Class
                SW16A

            
	
              2-17

            	 	
              Class
                SW17A

            
	
              2-18

            	 	
              Class
                SW18A

            
	
              2-19

            	 	
              Class
                SW19A

            
	
              2-20

            	 	
              Class
                SW20A

            
	
              2-21

            	 	
              Class
                SW21A

            
	
              2-22

            	 	
              Class
                SW22A

            
	
              2-23

            	 	
              Class
                SW23A

            
	
              2-24

            	 	
              Class
                SW24A

            
	
              2-25

            	 	
              Class
                SW25A

            
	
              2-26

            	 	
              Class
                SW26A

            
	
              2-27

            	 	
              Class
                SW27A

            
	
              2-28

            	 	
              Class
                SW28A

            
	
              2-29

            	 	
              Class
                SW29A

            
	
              2-30

            	 	
              Class
                SW30A

            
	
              2-31

            	 	
              Class
                SW31A

            
	
              2-32

            	 	
              Class
                SW32A

            
	
              2-33

            	 	
              Class
                SW33A

            
	
              2-34

            	 	
              Class
                SW34A

            
	
              2-35

            	 	
              Class
                SW35A

            
	
              2-36

            	 	
              Class
                SW36A

            
	
              2-37

            	 	
              Class
                SW37A

            
	
              2-38

            	 	
              Class
                SW38A

            
	
              2-39

            	 	
              Class
                SW39A

            
	
              2-40

            	 	
              Class
                SW40A

            
	
              2-41

            	 	
              Class
                SW41A

            
	
              2-42

            	 	
              Class
                SW42A

            
	
              2-43

            	 	
              Class
                SW43A

            
	
              2-44

            	 	
              Class
                SW44A

            
	
              2-45

            	 	
              Class
                SW45A

            
	
              2-46

            	 	
              Class
                SW46A

            
	
              2-47

            	 	
              Class
                SW47A

            
	
              2-48

            	 	
              Class
                SW48A

            
	
              2-49

            	 	
              Class
                SW49A

            
	
              2-50

            	 	
              Class
                SW50A

            
	
              2-51

            	 	
              Class
                SW51A

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              2-52

            	 	
              Class
                SW52A

            
	
              2-53

            	 	
              Class
                SW53A

            
	
              2-54

            	 	
              Class
                SW54A

            
	
              2-55

            	 	
              Class
                SW55A

            
	
              2-56

            	 	
              Class
                SW56A

            
	
              2-57

            	 	
              Class
                SW57A

            
	
              2-58

            	 	
              Class
                SW58A

            

    

    

    
      (5) The
        Class
        LTI1-R Interest is the sole Class of residual interest in REMIC I-1. It does
        not
        have an interest rate or a principal balance.
        It shall
        be represented by the Class R-I Certificate.

    

     

    REMIC
      I-2

     

    The
      following table sets forth (or describes) the Class designation, interest rate,
      and initial principal amount for each Class of REMIC I-2 Interests.

     

    
      	 	 	 	 	 	 	 
	
              Class

            	 	
              Interest

            	 	
              Initial
                Class

            	 	
              Class
                of Related

            
	
              Designation

            	 	
              Rate

            	 	
              Principal
                Amount

            	 	
              Certificates

            
	 	 	 	 	 	 	 
	
              LTI2-1A1

            	 	
              (1)

            	 	
              $364,061,000.00

            	 	
              1-A1

            
	
              LTI2-1A2

            	 	
              (1)

            	 	
              40,451,000.00

            	 	
              1-A2

            
	
              LTI2-M1

            	 	
              (1)

            	 	
              11,731,000.00

            	 	
              M-1

            
	
              LTI2-M2

            	 	
              (1)

            	 	
              3,041,000.00

            	 	
              M-2

            
	
              LTI2-M3

            	 	
              (1)

            	 	
              2,172,000.00

            	 	
              M-3

            
	
              LTI2-M4

            	 	
              (1)

            	 	
              2,389,000.00

            	 	
              M-4

            
	
              LTI2-M5

            	 	
              (1)

            	 	
              2,172,000.00

            	 	
              M-5

            
	
              LTI2-M6

            	 	
              (1)

            	 	
              3,041,000.00

            	 	
              M-6

            
	
              LTI2-M7

            	 	
              (1)

            	 	
              2,172,000.00

            	 	
              M-7

            
	
              LTI2-M8

            	 	
              (1)

            	 	
              1,520,000.00

            	 	
              M-8

            
	
              LTI2-X
                

            	 	
              (2)

            	 	
              (2)

            	 	
              N/A

            
	
              LTI2-IO

            	 	
              (3)

            	 	
              (3)

            	 	
              N/A

            
	
              LTI2-R

            	 	
              (4)

            	 	
              (4)

            	 	
              N/A

            

    

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (1) The
      interest rate with respect to any Distribution Date (and the related Accrual
      Period) (i) for each of these REMIC I-2 Interests (other than the Class LTI2-1A1
      and Class LTI2-1A2 Interests) is a per annum rate equal to the Certificate
      Interest Rate for the Related Certificates, provided that in lieu of the Net
      Funds Cap set forth in the applicable Certificate Interest Rate, the Group
      I Net
      Rate (as adjusted, in the case of any such REMIC I-2 Interest the Class of
      Related Certificates of which accrues interest on the basis of a 360-day year
      consisting of twelve 30-day months, to reflect accruals on the basis of a
      360-day year consisting of twelve 30-day months) shall be used and (ii) for
      the
      Class LTI2-1A1 and Class LTI2-1A2 Interests is a per annum rate equal to the
      Group I Net Rate, and further provided that these REMIC I-2 Interests shall
      not
      be entitled to payments with respect to Excess Interest.

    

    (2) The
      Class
      LTI2-X Interest shall have an initial principal balance equal to $1,827,598.22.
      The Class LTI2-X Interest shall accrue interest on a notional balance equal
      to
      the 1-X Component Notional Balance at a rate equal to the 1-X Component Interest
      Rate.

    

    (3) The
      Class
      LTI2-IO Interest shall have no principal amount and will not have an interest
      rate, but will be entitled to 100% of the interest accrued with respect to
      the
      Class LTI1-IO Interest. 

    

    (4) The
      Class
      LTI2-R Interest is the sole Class of residual interest in REMIC I-2. It does
      not
      have an interest rate or a principal balance. The Class LTI2-R Interest shall
      be
      represented by the Class R-I Certificate.

    

    REMIC
      I-3

     

    The
      following table sets forth (or describes) the Class designation, interest rate,
      and initial principal amount for each Class of REMIC I-3 Interests.

     

    
      	 	 	 	 	 	 	 
	
              Class

            	 	
              Interest

            	 	
              Initial
                Class

            	 	
              Class
                of Related

            
	
              Designation

            	 	
              Rate

            	 	
              Principal
                Amount

            	 	
              Certificates

            
	 	 	 	 	 	 	 
	
              LTI3-1A1

            	 	
              (1)

            	 	
              $364,061,000
                

            	 	
              1-A1
                

            
	
              LTI3-1A2

            	 	
              (1)

            	 	
              $40,451,000
                

            	 	
              1-A2

            
	
              LTI3-M1

            	 	
              (1)

            	 	
              $11,731,000
                

            	 	
              M-1

            
	
              LTI3-M2

            	 	
              (1)

            	 	
              $3,041,000
                

            	 	
              M-2

            
	
              LTI3-M3

            	 	
              (1)

            	 	
              $2,172,000
                

            	 	
              M-3

            
	
              LTI3-M4

            	 	
              (1)

            	 	
              $2,389,000
                

            	 	
              M-4

            
	
              LTI3-M5

            	 	
              (1)

            	 	
              $2,172,000
                

            	 	
              M-5

            
	
              LTI3-M6

            	 	
              (1)

            	 	
              $3,041,000
                

            	 	
              M-6

            
	
              LTI3-M7

            	 	
              (1)

            	 	
              $2,172,000
                

            	 	
              M-7

            
	
              LTI3-M8

            	 	
              (1)

            	 	
              $1,520,000
                

            	 	
              M-8

            
	
              Uncertificated
                Class 1-X Interest 

            	 	
              (2)

            	 	
              (2)

            	 	
              N/A

            
	
              LTI3-IO

            	 	
              (3)

            	 	
              (3)

            	 	
              N/A

            
	
              LTI3-1AX1

            	 	
              (4)

            	 	
              (4)

            	 	
              N/A

            
	
              LTI3-1AX2

            	 	
              (5)

            	 	
              (5)

            	 	
              N/A

            
	
              Residual
                I Interest

            	 	
              (6)

            	 	
              (6)

            	 	
              N/A

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (1) The
      interest rate with respect to any Distribution Date (and the related Accrual
      Period) for each of these REMIC I-3 Interests is a per annum rate equal to
      the
      Certificate Interest Rate for the Related Certificates, provided that in lieu
      of
      the Net Funds Cap set forth in the applicable Certificate Interest Rate, the
      Group I Net Rate (as adjusted, in the case of any such REMIC I-3 Interest the
      Class of Related Certificates of which accrues interest on the basis of a
      360-day year consisting of twelve 30-day months, to reflect accruals on the
      basis of a 360-day year consisting of twelve 30-day months) shall be used,
      and
      further provided that these REMIC I-3 Interests shall not be entitled to
      payments with respect to Excess Interest.

    (2) The
      Uncertificated Class 1-X Interest shall have an initial principal balance equal
      to $1,827,598.22. The Uncertificated Class 1-X Interest shall accrue interest
      on
      a notional balance equal to the 1-X Component Notional Balance at a rate equal
      to the 1-X Component Interest Rate. The Uncertificated Class 1-X Interest shall
      be represented by the Class X Certificates.

    (3) The
      Class
      LTI3-IO Interest shall have no principal amount and will not have an interest
      rate, but will be entitled to 100% of the interest accrued with respect to
      the
      Class LTI2-IO Interest. The Class LTI3-IO Interest shall be represented by
      the
      Class X Certificates.

    (4) The
      Class
      LTI3-1AX1 Interest shall be an “interest-only” interest that shall not have a
      principal amount and, for each Distribution Date on which the Class 1-AX
      Certificates are entitled to distributions, shall be entitled to a “specified
      portion” of the interest accrued on the Class LTI2-1A1 Interest equal to all
      interest accrued thereon in excess of the interest accrued thereon at a per
      annum rate equal to the Certificate Interest Rate on the Class 1-A1 Certificates
      (disregarding the Net Funds Cap). The Class LTI3-1AX1 Interest shall be
      represented by the Class 1-AX Certificates.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (5) The
      Class
      LTI3-1AX2 Interest shall be an “interest-only” interest that shall not have a
      principal amount and, for each Distribution Date on which the Class 1-AX
      Certificates are entitled to distributions, shall be entitled to a “specified
      portion” of the interest accrued on the Class LTI2-1A2 Interest equal to all
      interest accrued thereon in excess of the interest accrued thereon at a per
      annum rate equal to the Certificate Interest Rate on the Class 1-A2 Certificates
      (disregarding the Net Funds Cap). The Class LTI3-1AX2 Interest shall be
      represented by the Class 1-AX Certificates.

    (6) The
      Residual I Interest is the sole Class of residual interest in REMIC I-3. It
      does
      not have an interest rate or a principal balance. It shall be represented by
      the
      Class R-I Certificate.

    

    GROUP
      II REMICS

    

    REMIC
      II-3 shall hold as its assets the classes of REMIC II-2 Regular Interests and
      the REMIC II-2 Regular Interests are hereby designated as regular interests
      in
      REMIC II-2. REMIC II-2 shall hold as its assets the classes of REMIC II-1
      Regular Interests and the REMIC II-1 Regular Interests are hereby designated
      as
      regular interests in REMIC II-1. REMIC II-1 shall hold as its assets the
      property of the Trust Fund related to Pool 2 and Pool 3 other than (i) the
      rights to receive Prepayment Penalty Amounts distributable to the Class 2-AP
      and
      Class 3-AP Certificates and the Class P Reserve Funds, (ii) the Funding Account,
      (iii) the Lower Tier Interests and (iv) the right to receive FPD
      Premiums.

    

    REMIC
      II-1

    

    The
      following table specifies terms for each class of REMIC II-1
      Interests:

     

    
      	
              REMIC
                II-1 Class Designation

            	 	
               

              Interest
                Rate

            	 	
              Initial
                Class or Principal Amount

            	 	
              Related
                Mortgage Pool or Mortgage Pools

            
	 	 	 	 	 	 	 
	
              Class
                LTII1-2A

            	 	
              (1)

            	 	
              $81,822,5534

            	 	
              Pool
                2

            
	
              Class
                LTII1-2B

            	 	
              (2)

            	 	
              $1,818,093.5534
                

            	 	
              Pool
                2

            
	
              Class
                LTII1-3A

            	 	
              (1)

            	 	
              $99,624.3512

            	 	
              Pool
                3

            
	
              Class
                LTII1-3B

            	 	
              (3)

            	 	
              $2,213,844.3512

            	 	
              Pool
                3

            
	
              Class
                LTII1-Z

            	 	
              (1)

            	 	
              $398,980,405.6508

            	 	
              N/A

            
	
              Class
                LTII1-R

            	 	
              (4)

            	 	
              (4)

            	 	
              N/A

            

    

    _____________________

     

    (1) For
      any
      Distribution Date, the interest rate for these interests shall be a per annum
      rate equal to the weighted average of the Net Mortgage Rates of all the Mortgage
      Loans in Pool 2 and Pool 3 at the beginning of the related Due Period, weighted
      on the basis of their
      respective Scheduled Principal Balances.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (2) For
      any
      Distribution Date, the interest rate for the Class LTII1-2B Interest shall
      be
      the Net WAC for Pool 2 for such Distribution Date.

     

    (3) For
      any
      Distribution Date, the interest rate for the Class LTII1-3B Interest shall
      be
      the Net WAC for Pool 3 for such Distribution Date.

     

    (4) The
      Class
      LTII1-R Interest shall represent the sole class of residual interest in REMIC
      II-1. The Class LTII1-R Interest will not have a principal amount or an interest
      rate. The Class LTII1-R Interest shall be represented by the Class R-II
      Certificate.

     

    Distributions
      shall be deemed to be made to the REMIC II-1 Regular Interests first, so as
      to
      keep the uncertificated principal balance of each REMIC II-1 Regular Interest
      ending with the designation “B” equal to 1% of the aggregate Scheduled Principal
      Balance of the Mortgage Loans in the related Mortgage Pool; second, to each
      REMIC II-1 Regular Interest ending with the designation “A” so that the
      uncertificated principal balance of each such REMIC II-1 Regular Interest is
      equal to 1% of the excess of (x) the aggregate Scheduled Principal Balance
      of
      the Mortgage Loans in the related Mortgage Pool over (y) the aggregate Class
      Principal Amounts of the Certificate Group related to such Mortgage Pool (except
      that if 1% of any such excess is greater than the principal amount of the
      corresponding REMIC II-1 Regular Interest ending with the designation “A”, the
      least amount of principal shall be distributed to such REMIC II-1 Regular
      Interests such that the REMIC II-1 Subordinated Balance Ratio is maintained);
      and finally, any remaining principal to the Class LTII1-Z Interest. Realized
      Losses shall be applied after all distributions have been made on each
      Distribution Date first, so as to keep the uncertificated principal balance
      of
      each REMIC II-1 Regular Interest ending with the designation “B” equal to 1% of
      the aggregate Scheduled Principal Balance of the Mortgage Loans in the related
      Mortgage Pool; second, to each REMIC II-1 Regular Interest ending with the
      designation “A” so that the uncertificated principal balance of each such REMIC
      II-1 Regular Interest is equal to 1% of the excess of (x) the aggregate
      Scheduled Principal Balance of the Mortgage Loans in the related Mortgage Pool
      over (y) the aggregate Class Principal Amounts of the Certificate Group related
      to such Mortgage Pool (except that if 1% of any such excess is greater than
      the
      principal amount of the corresponding REMIC II-1 Regular Interest ending with
      the designation “A”, the least amount of Realized Losses shall be allocated to
      such REMIC II-1 Regular Interests such that the REMIC II-1 Subordinated Balance
      Ratio is maintained); and third, the remaining Realized Losses shall be
      allocated to the Class LTII1-Z Interest. All computations with respect to any
      REMIC II-1 Interest shall be taken out to eight decimal places.

     

    If
      on any
      Distribution Date there is an increase in the Certificate Principal Amount
      of
      any Class of Group I Certificates as a result of the proviso in the definition
      of Certificate Principal Amount, then, prior to distributions of principal
      and
      allocations of losses on such Distribution Date with respect to REMIC II-1,
      there shall be a corresponding increase in the principal amount of the REMIC
      II-1 Regular Interests, with such increase allocated among the REMIC II-1
      Regular Interests as follows: (i) first, to each REMIC II-1 Regular Interest
      ending with the designation “B” so as to keep the uncertificated principal
      balance of such REMIC II-1 Regular Interest equal to 1% of the aggregate
      Scheduled Principal Balance of the Mortgage Loans in the related Mortgage Pool,
      (ii) second, to each REMIC II-1 Regular Interest ending with the designation
      “A”, so that the uncertificated principal balance of each such REMIC II-1
      Regular Interest is as close as possible to (but does not exceed) 1% of the
      excess of (x) the aggregate Scheduled Principal balance of the Mortgage Loans
      in
      the related Mortgage Pool over (y) the aggregate Class Principal Amounts of
      the
      Senior Certificates of the Certificate Group related to such Mortgage Pool;
      provided, however, that (a) the REMIC II-1 Subordinated Balance Ratio is
      maintained and (b) amounts allocated to any REMIC II-1 Regular Interest pursuant
      to this clause (ii) shall not exceed the amount of any previous realized losses
      allocated to such REMIC II-1 Regular Interest not previously offset by
      distributions or increases in the principal amount of such REMIC II-1 Regular
      Interest and (iii) finally, all remaining increases are allocated to the Class
      LTII1-Z Interest.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    REMIC
      II-2

    

    REMIC
      II-2 shall hold as assets the several classes of uncertificated REMIC II-1
      Regular Interests.

     

    Each
      of
      the REMIC II-2 Interests set forth below (other than the Class LTII2-R Interest)
      is referred to herein as a REMIC II-2 Regular Interest and is hereby designated
      as a regular interest in REMIC II-2. The Class LTII2-R Interest is hereby
      designated as the sole class of residual interest in REMIC II-2.

     

    The
      following table specifies the class designation, interest rate, principal amount
      and Classes of Corresponding Certificates for each class of REMIC II-2
      Interests:

     

    
      	
              REMIC
                II-2 

              Class
                Designation

            	
               

              Initial
                Balance

            	
              Pass-Through
                Rate

            	
              Corresponding
                Certificates

            
	 	 	 	 
	
              LTII2-RII

            	
              $100.00

            	
              (1)

            	
              R-II

            
	
              LTII2-2A1

            	
              $165,446,000.00

            	
              (1)

            	
              2-A1

            
	
              LTII2-2A2

            	
              $8,181,000.00

            	
              (1)

            	
              2-A2

            
	
              LTII2-3A1

            	
              $201,460,000.00

            	
              (2)

            	
              3-A1,
                3-AX

            
	
              LTII2-3A2

            	
              $9,962,000.00

            	
              (2)

            	
              3-A2

            
	
              LTII2-B1II

            	
              $9,273,000.00

            	
              (3)

            	
              B1-II

            
	
              LTII2-B2II

            	
              $2,822,000.00

            	
              (3)

            	
              B2-II

            
	
              LTII2-B3II

            	
              $2,217,000.00

            	
              (3)

            	
              B3-II

            
	
              LTII2-B4II

            	
              $1,612,000.00

            	
              (3)

            	
              B4-II

            
	
              LTII2-B5II

            	
              $1,209,000.00
                

            	
              (3)

            	
              B5-II

            
	
              LTII2-B6II

            	
              $1,011,690.46

            	
              (3)

            	
              B6-II

            
	
              LTII2-R

            	
              (4)

            	
              (4)

            	
              N/A

            

    

    _____________________

     

    (1) For
      any
      Distribution Date, the interest rate for the Class LTII2-RII Interest, Class
      LTII2-2A1 Interest and the Class LTII2-2A2 Interest shall be a per annum rate
      equal to the Net WAC for Pool 2 for such Distribution Date.

     

    (2) For
      any
      Distribution Date, the interest rate for the Class LTII2-3A1 Interest and the
      Class LTII2-3A2 Interest shall be a per annum rate equal to the Net WAC for
      Pool
      3 for such Distribution Date.

     

    (3) For
      any
      Distribution Date, the interest rate for each of the Class LTII2-B1II, Class
      LTII2-B2II, Class LTII2-B3II, Class LTII2-B4II, Class LTII2-B5II and Class
      LTII2-B6II Interests shall be a per annum rate equal to the Group II Underlying
      Subordinate Rate for such Distribution Date.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (4) The
      Class
      LTII2-R Interest shall represent the sole class of residual interest in REMIC
      II-2. The Class LTII2-R Interest will not have a principal amount or an interest
      rate. The Class LTII2-R Interest shall be represented by the Class R-II
      Certificate.

     

    Principal
      and interest shall be payable to, and shortfalls, losses and prepayments are
      allocable to, the REMIC II-2 Regular Interests as such amounts are payable
      and
      allocable to the Corresponding Certificates. Notwithstanding the preceding
      sentence, (i) the first $0.46 of losses with respect to principal on the
      Mortgage Loans in Pool 2 or Pool 3 shall be allocated to the Class LTII2-B6II
      Interest and (ii) immediately preceding any payment to the Class R-II
      Certificate pursuant to Section 5.02(p) attributable to principal received
      with
      respect to any Mortgage Loan in Pool 2 or Pool 3, a payment shall be treated
      as
      made to the Class LTII2-B6-II Interest in reduction of the principal balance
      thereof, if any, to zero.

     

    If
      on any
      Distribution Date there is an increase in the Certificate Principal Amount
      of
      any Class of Group II Certificates as a result of the proviso in the definition
      of Certificate Principal Amount, then there shall be a corresponding increase
      in
      the principal amount of the corresponding REMIC II-2 Regular
      Interest.

     

    REMIC
      II-3

    

    REMIC
      II-3 shall hold as its assets the several classes of uncertificated REMIC II-2
      Regular Interests.

    

    Each
      of
      the Group II Certificates (other than the Class R-II Certificate and exclusive
      of the right of the Class 3-AX Certificates to receive FPD Premiums) is referred
      to herein as a REMIC II-3 Regular Interest and is hereby designated as a regular
      interest in REMIC II-3. The Class LTII3-R Interest is hereby designated as
      the
      sole class of residual interest in REMIC II-3. The Class LTII3-R Interest shall
      be represented by the Class R-II Certificate. The entitlement of the Class
      R-II
      Certificate to payments of principal and interest shall be attributable to
      its
      representation of the Class LTII3-R Interest.

    

    The
      REMIC
      II-3 Regular Interests and the Class LTII3-R Interest are referred to herein
      as
      the REMIC II-3 Interests.

     

    GROUP
      III REMICS

    

    REMIC
      III-2 shall hold as its assets the classes of REMIC III-1 Regular Interests
      and
      the REMIC III-1 Regular Interests are hereby designated as regular interests
      in
      REMIC III-1. REMIC III-1 shall hold as its assets the property of the Trust
      Fund
      related to Pool 4 other than (i) the rights to receive Prepayment Penalty
      Amounts distributable to the Class 4-AP Certificates and the Class P Reserve
      Funds, (ii) the Funding Account, (iii) the Lower Tier Interests and (iv) the
      right to receive FPD Premiums.

    

    REMIC
      III-1

    

    The
      following table sets forth (or describes) the Class designations, interest
      rate,
      initial principal amount and Classes of Corresponding Certificates for each
      of
      the REMIC III-1 Interests:

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

      
        	
                Class

              	 	
                Interest

              	 	
                Initial
                  Class Principal

              	 	
                Corresponding

              
	
                Designation

              	 	
                Rate

              	 	
                Amount

              	 	
                Certificates

              
	 	 	 	 	 	 	 
	
                LTIII1-RIII

              	 	
                (1)

              	 	
                $100.00

              	 	
                R-III

              
	
                LTIII1-4A12

              	 	
                (1)

              	 	
                $53,418,000.00

              	 	
                4-A1,
                  4-A2, 4-AX

              
	
                LTIII1-4A3

              	 	
                (1)

              	 	
                $224,342,000.00
                  

              	 	
                4-A3

              
	
                LTIII1-4A4

              	 	
                (1)

              	 	
                $10,928,000.00
                  

              	 	
                4-A4

              
	
                LTIII1-4A5

              	 	
                (1)

              	 	
                $13,409,000.00
                  

              	 	
                4-A5

              
	
                LTIII1-B1III

              	 	
                (1)

              	 	
                $5,521,000.00
                  

              	 	
                B1-III

              
	
                LTIII1-B2III

              	 	
                (1)

              	 	
                $2,681,000.00
                  

              	 	
                B2-III

              
	
                LTIII1-B3III

              	 	
                (1)

              	 	
                $1,735,000.00
                  

              	 	
                B3-III

              
	
                LTIII1-B4III

              	 	
                (1)

              	 	
                $1,577,000.00
                  

              	 	
                B4-III

              
	
                LTIII1-B5III

              	 	
                (1)

              	 	
                $1,104,000.00
                  

              	 	
                B5-III

              
	
                LTIII1-B6III

              	 	
                (1)

              	 	
                $790,972.14
                  

              	 	
                B6-III

              
	
                LTIII1-R

              	 	
                (2)

              	 	
                (2)

              	 	
                N/A

              

      

    

     

    
      	
              (1)

            	
              The
                interest rate with respect to any Distribution Date (and the related
                Accrual Period) for each of these REMIC III-1 Interests is a per
                annum
                rate equal to the Net WAC for Pool 4 for such Distribution
                Date.

            

    

     

    
      	
              (2)

            	
              The
                Class LTIII1-R is the sole Class of residual interest in REMIC III-1.
                It
                does not have an interest rate or a principal balance. The Class
                LTIII1-R
                Interest shall be represented by the Class R-III
                Certificates.

            

    

     

    Principal
      and interest shall be payable to, and shortfalls, losses and prepayments are
      allocable to the REMIC III-1 Regular Interests as amounts are allocable to
      the
      Corresponding Certificates. Notwithstanding the preceding sentence, (i) the
      first $0.14 of losses with respect to the principal on the Mortgage Loans in
      Pool 4 shall be allocated to the Class LTIII1-B6III Interest and (ii)
      immediately preceding any payment to the Class R-III Certificate pursuant to
      Section 5.02(p) attributable to principal received with respect to any Mortgage
      Loan in Pool 4, a payment shall be treated as made to the Class LTIII1-B6III
      Interest in reduction of the principal balance thereof, if any, to
      zero.

    

    If
      on any
      Distribution Date there is an increase in the Certificate Principal Amount
      of
      any Class of Group III Certificates as a result of the proviso in the definition
      of Certificate Principal Amount, then there shall be a corresponding increase
      in
      the principal amount of the corresponding REMIC III-1 Regular
      Interest.

     

    REMIC
      III-2

    

    REMIC
      III-2 shall hold as its assets the several classes of uncertificated REMIC
      III-1
      Regular Interests.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    Each
      of
      the Group III Certificates (other than the Class R-III Certificate and exclusive
      of the right of the Class 4-AX Certificates to receive FPD Premiums) is referred
      to herein as a REMIC III-2 Regular Interest and is hereby designated as a
      regular interest in REMIC III-2. The Class LTIII2-R Interest is hereby
      designated as the sole class of residual interest in REMIC III-2. The Class
      LTIII2-R Interest shall be represented by the Class R-III Certificate. The
      entitlement of the Class R-III Certificate to payments of principal and interest
      shall be attributable to its representation of the Class LTIII2-R
      Interest.

     

    The
      REMIC
      III-2 Regular Interests and the Class LTIII2-R Interest are referred to herein
      as the REMIC III-2 Interests.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    The
      Certificates

     

    The
      following table specifies the Class designation, Certificate Interest Rate
      or
      initial Class Principal Amount or Class Notional Amount, and minimum
      denomination (by dollar amount or Percentage Interest) for each Class of
      Certificates or Class Notional Amount, representing the interests in the Trust
      Fund created hereunder.

    
      	
               

               

              Class
                Designation

            	 	
               

              Certificate
                

              Interest
                Rate

            	 	
              Initial
                Class Principal Amount or Class Notional
                Amount

            	 	
               

              Minimum
                Denomination

            
	
              Class
                1-A1

            	 	
              (1)

            	 	
              $364,061,000

            	 	
              $25,000

            
	
              Class
                1-A2

            	 	
              (2)

            	 	
              $40,451,000

            	 	
              $25,000

            
	
              Class
                1-AX

            	 	
              (3)

            	 	
              $404,512,000

            	 	
              $1,000,000

            
	
              Class
                2-A1

            	 	
              (4)

            	 	
              $165,446,000

            	 	
              $25,000

            
	
              Class
                2-A2

            	 	
              (4)

            	 	
              $8,181,000

            	 	
              $25,000

            
	
              Class
                3-A1

            	 	
              (5)

            	 	
              $201,460,000

            	 	
              $25,000

            
	
              Class
                3-A2

            	 	
              (6)

            	 	
              $9,962,000

            	 	
              $25,000

            
	
              Class
                3-AX

            	 	
              (7)

            	 	
              $201,460,000

            	 	
              $1,000,000

            
	
              Class
                4-A1

            	 	
              (8)

            	 	
              $40,000,000

            	 	
              $25,000

            
	
              Class
                4-A2

            	 	
              (8)

            	 	
              $13,418,000

            	 	
              $25,000

            
	
              Class
                4-A3

            	 	
              (9)

            	 	
              $224,342,000

            	 	
              $25,000

            
	
              Class
                4-A4

            	 	
              (9)

            	 	
              $10,928,000

            	 	
              $25,000

            
	
              Class
                4-A5

            	 	
              (9)

            	 	
              $13,409,000

            	 	
              $25,000

            
	
              Class
                4-AX

            	 	
              (10)

            	 	
              $53,418,000

            	 	
              $1,000,000

            
	
              Class
                M-1

            	 	
              (11)

            	 	
              $11,731,000

            	 	
              $25,000

            
	
              Class
                      M-2

            	 	
              (12)

            	 	
              $3,041,000

            	 	
              $25,000

            
	
              Class
                M-3

            	 	
              (13)

            	 	
              $2,172,000

            	 	
              $25,000

            
	
              Class
                M-4

            	 	
              (14)

            	 	
              $2,389,000

            	 	
              $25,000

            
	
              Class
                M-5

            	 	
              (15)

            	 	
              $2,172,000

            	 	
              $25,000

            
	
              Class
                M-6

            	 	
              (16)

            	 	
              $3,041,000

            	 	
              $25,000

            
	
              Class
                M-7

            	 	
              (17)

            	 	
              $2,172,000

            	 	
              $25,000

            
	
              Class
                M-8

            	 	
              (18)

            	 	
              $1,520,000

            	 	
              $25,000

            
	
              Class
                B1-II 

            	 	
              (19)

            	 	
              $9,273,000

            	 	
              $100,000

            
	
              Class
                B2-II 

            	 	
              (19)

            	 	
              $2,822,000

            	 	
              $100,000

            
	
              Class
                B3-II 

            	 	
              (19)

            	 	
              $2,217,000

            	 	
              $100,000

            
	
              Class
                B4-II 

            	 	
              (19)

            	 	
              $1,612,000

            	 	
              $250,000

            
	
              Class
                B5-II 

            	 	
              (19)

            	 	
              $1,209,000

            	 	
              $250,000

            
	
              Class
                B6-II 

            	 	
              (19)

            	 	
              $1,011,690

            	 	
              $250,000

            
	
              Class
                B1-III 

            	 	
              (9)

            	 	
              $5,521,000

            	 	
              $100,000

            
	
              Class
                B2-III 

            	 	
              (9)

            	 	
              $2,681,000

            	 	
              $100,000

            
	
              Class
                B3-III

            	 	
              (9)

            	 	
              $1,735,000

            	 	
              $100,000

            
	
              Class
                B4-III

            	 	
              (9)

            	 	
              $1,577,000

            	 	
              $250,000

            
	
              Class
                B5-III

            	 	
              (9)

            	 	
              $1,104,000

            	 	
              $250,000

            
	
              Class
                B6-III

            	 	
              (9)

            	 	
              $790,972

            	 	
              $250,000

            
	
              Class
                R-II

            	 	
              (4)

            	 	
              $100

            	 	
              $100

            
	
              Class
                R-III

            	 	
              (9)

            	 	
              $100

            	 	
              $100

            
	
              Class
                1-AP

            	 	
              (20)

            	 	
              $100

            	 	
              $10

            
	
              Class
                2-AP

            	 	
              (21)

            	 	
              $100

            	 	
              $10

            
	
              Class
                3-AP

            	 	
              (22)

            	 	
              $100

            	 	
              $10

            
	
              Class
                4-AP

            	 	
              (23)

            	 	
              $100

            	 	
              $10

            
	
              Class
                X 

            	 	
              (24)

            	 	
              (24)

            	 	
              25%

            
	
              Class
                R-I 

            	 	
              (25)

            	 	
              (25)

            	 	
              100%

            
	
              Class
                C

            	 	
              (26)

            	 	
              (26)

            	 	
              25%

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    ___________________________

    
      	
              (1)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                1-A1
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 0.20% (the “1-A1 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class 1-A1 Certificates will be LIBOR plus
                0.40%.

            

    

    

    
      	
              (2)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                1-A2
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 0.25% (the “1-A2 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class 1-A2 Certificates will be LIBOR plus
                0.50%.

            

    

    

    
      	
              (3)

            	
              For
                any Distribution Date on or prior to the Distribution Date in January
                2012, the Certificate Interest Rate on the Class 1-AX Certificates
                shall
                be a per annum rate equal to the lesser of (a) 3.1250% per annum
                less the
                product of (i) 0.50 and (ii) LIBOR and (b) the class 1-AX net funds
                cap.
                Thereafter, the Class 1-AX Certificates will not accrue interest
                and will
                not be entitled to any distributions related to subsequent Distribution
                Dates. For any Distribution Date, the Class Notional Amount of the
                Class
                1-AX Certificates will be the aggregate Class Principal Amount of
                the
                Class 1-A1 and Class 1-A2. The initial Class Notional Amount of the
                Class
                1-AX Certificates is $404,512,000. For federal income tax purposes,
                the
                Class 1-AX Certificates shall represent (i) the Class LTI3-1AX1 Interest
                and the Class LTI3-1AX2 Interest and (ii) rights and obligations
                with
                respect to certain notional principal contracts described in Section
                10.01.

            

    

    

    
      	
              (4)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                2-A1,
                Class 2-A2 and Class R-II Certificates shall be a per annum rate
                equal to
                the Net WAC for pool 2.

            

    

    

    
      	
              (5)

            	
              For
                any Distribution Date on or prior to the Distribution Date in February
                2014, the Certificate Interest Rate on the Class
                3-A1 Certificates
                shall be a per annum rate equal to the Net WAC for pool 3 less
                0.258960761%. Beginning with the distribution date in March 2014
                and for
                each distribution date thereafter, the Certificate Interest Rate
                for the
                Class 3-A1 Certificates shall be a per annum rate equal to the Net
                WAC for
                Pool 3 for such Distribution Date. 

            

    

    

    
      	
              (6)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                3-A2
                Certificates shall be a per annum rate equal to the Net WAC for pool
                3.

            

    

    

    
      	
              (7)

            	
              For
                any Distribution Date on or prior to the Distribution Date in February
                2014, the Certificate Interest Rate for the Class 3-AX Certificates
                shall
                be 0.258960761%. Thereafter,
                the Class 3-AX Certificates will not accrue interest and will not
                be
                entitled to any distributions related to subsequent Distribution
                Dates.
                For any Distribution Date, the Class Notional Amount of the Class
                3-AX
                Certificates will be the aggregate Class Principal Amount of the
                Class
                3-A1 Certificates. The
                initial Class Notional Amount of the Class 3-AX Certificates is
                $201,460,000.

            

    

    

    
      	
              (8)

            	
              For
                any Distribution Date on or prior to the Distribution Date in February
                2017, the Certificate Interest Rate on the Class 4-A1 and Class 4-A2
                Certificates shall be a per annum rate equal to the Net WAC for pool
                4
                less 0.348960326%. Beginning with the distribution date in March
                2017 and
                for each distribution date thereafter, the Certificate Interest Rate
                for
                the Class 4-A1 and Class 4-A2 Certificates shall be a per annum rate
                equal
                to the Net WAC for Pool 4 for such Distribution Date.
                

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
      	
              (9)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                4-A3,
                Class 4-A4, Class 4-A5, Class B1-III, Class B2-III, Class B3-III,
                Class
                B4-III, Class B5-III, Class B6-III and Class R-III Certificates shall
                be a
                per annum rate equal to the Net WAC for pool 4.

            

    

    

    
      	
              (10)

            	
              For
                any Distribution Date on or prior to the Distribution Date in February
                2017, the Certificate Interest Rate for the Class 4-AX Certificates
                shall
                be 0.348960326%. Thereafter, the Class 4-AX Certificates will not
                accrue
                interest and will not be entitled to any distributions related to
                subsequent Distribution Dates. For any Distribution Date, the Class
                Notional Amount of the Class 4-AX Certificates will be the aggregate
                Class
                Principal Balance of the Class 4-A1 and Class 4-A2. The
                initial Class Notional Amount of the Class 4-AX Certificates is
                $53,418,000.

            

    

    

    
      	
              (11)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-1
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 0.50% (the “M-1 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-1 Certificates will be LIBOR plus
                0.75%.

            

    

    

    
      	
              (12)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-2
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 0.70% (the “M-2 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-2 Certificates will be LIBOR plus
                1.05%.

            

    

    

    
      	
              (13)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-3
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.00% (the “M-3 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-3 Certificates will be LIBOR plus
                1.50%.

            

    

    

    
      	
              (14)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-4
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.15% (the “M-4 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-4 Certificates will be LIBOR plus
                1.725%.

            

    

    

    
      	
              (15)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-5
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.50% (the “M-5 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-5 Certificates will be LIBOR plus
                2.25%.

            

    

    

    
      	
              (16)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-6
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.75% (the “M-6 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-6 Certificates will be LIBOR plus
                2.625%.

            

    

    

    
      	
              (17)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-7
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.75% (the “M-7 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-7 Certificates will be LIBOR plus
                2.625%.

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    
      	
              (18)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                M-8
                Certificates shall be a per annum rate equal to the lesser of (i)
                LIBOR
                plus 1.75% (the “M-8 Margin”) and (ii) the Net Funds Cap for such
                Distribution Date; provided, that if the Mortgage Loans in Pool 1
                and
                related property are not purchased pursuant to Section 7.01(b) on
                the
                Initial Optional Termination Date, then with respect to each subsequent
                Distribution Date the per annum rate calculated pursuant to clause
                (i)
                above with respect to the Class M-8 Certificates will be LIBOR plus
                2.625%.

            

    

    

    
      	
              (19)

            	
              For
                any Distribution Date, the Certificate Interest Rate on the Class
                B1-II,
                Class B2-II, Class B3-II, Class B4-II, Class B5-II and Class B6-II
                Certificates shall be a per annum rate equal to the Group II Underlying
                Subordinate Rate for such Distribution
                Date.

            

    

    

    
      	
              (20)

            	
              The
                Class 1-AP Certificates will be entitled to receive $100 of principal
                on
                the Distribution Date in April 2012, and certain Prepayment Penalty
                Amounts paid by borrowers upon voluntary full or partial prepayment
                of the
                Mortgage Loans in Pool 1.

            

    

    
      

      
        	
                (21)

              	
                The
                  Class 2-AP Certificates will be entitled to receive $100 of principal
                  on
                  the Distribution Date in April 2012, and certain Prepayment Penalty
                  Amounts paid by borrowers upon voluntary full or partial prepayment
                  of the
                  Mortgage Loans in Pool 2.

              

      

      
        

        
          	
                  (22)

                	
                  The
                    Class 3-AP Certificates will be entitled to receive $100 of principal
                    on
                    the Distribution Date in April 2012, and certain Prepayment Penalty
                    Amounts paid by borrowers upon voluntary full or partial prepayment
                    of the
                    Mortgage Loans in Pool 3.

                

        

        
          

          
            	
                    (23)

                  	
                    The
                      Class 4-AP Certificates will be entitled to receive $100 of
                      principal on
                      the Distribution Date in April 2012, and certain Prepayment
                      Penalty
                      Amounts paid by borrowers upon voluntary full or partial prepayment
                      of the
                      Mortgage Loans in Pool
                      4.

                  

          

        

      

    

    

    
      	
              (24)

            	
              For
                purposes of the REMIC Provisions, the 1-X Component of the Class
                X
                Certificates shall have an initial principal balance of $1,827,598.22.
                For
                each Distribution Date, the 1-X Component of the Class X Certificates
                shall be entitled to the 1-X Component Current Interest. Unpaid interest
                on the 1-X Component of the Class X Certificates shall not itself
                bear
                interest. The S-X Component of the Class X Certificates shall represent
                an
                interest-only regular interest in REMIC I-2 and shall represent beneficial
                ownership of the Supplemental Interest Trust Account, including the
                Swap
                Agreement. For purposes of the REMIC Provisions, the C-X Component
                of the
                Class X Certificates shall represent beneficial ownership of the
                Interest
                Rate Cap Agreement. For the purposes of the REMIC Provisions, the
                Class X
                Certificates shall also represent beneficial ownership of (i) the
                Basis
                Risk Reserve Fund, (ii) any FPD Premiums with respect to Pool 1 and
                (iii)
                an interest in notional principal contracts described in Section
                10.01
                hereof.

            

    

    

    
      	
              (25)

            	
              The
                Class R-I Certificate will be issued without a Certificate Principal
                Amount and will not bear interest at stated rate. The Class R-I
                Certificate represents ownership of the residual interest in REMIC
                I-3, as
                well as ownership of the Class SW-R Interest, Class LTI1-R Interest
                and
                the Class LTI2-R Interest.

            

    

    
      

      
        	
                (26)

              	
                The
                  Class C Certificates will be issued without a Certificate Principal
                  Amount
                  and will not bear interest at a stated rate. The Class C Certificates
                  shall be entitled to receive all reinvestment income on amounts
                  on deposit
                  in the 1-X Component Account and amounts on deposit in the 1-X
                  Component
                  Account on the Distribution Date as described herein as provided
                  in
                  Section 5.12.

              

      

    

    

    As
      of the
      Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance
      of
      $1,153,277,460.87.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    For
      purposes hereof, each pool of Mortgage Loans constitutes a fully separate and
      distinct sub-trust.

     

    In
      consideration of the mutual agreements herein contained, the Depositor, the
      Master Servicer and the Trustee hereby agree as follows:

     

    ARTICLE
      I

     

    DEFINITIONS

     

    Section
      1.01.  Definitions.

     

    The
      following words and phrases, unless the context otherwise requires, shall have
      the following meanings:

     

    1-X
      Component:
      The
      portion of the Class X Certificates representing the right to distributions
      to
      the Class X Certificates as described herein.

     

    1-X
      Component Account:
      An
      account established as part of the Trust Fund pursuant to Section 5.12 of this
      Agreement but which is not an asset of any of the REMICs for the benefit of
      the
      1-X Component of the Class X Certificates.

     

    1-X
      Component Account Termination Date:
      The
      Distribution Date in March 2010.

     

    1-X
      Component Current Interest: For
      any
      Distribution Date, the interest accrued during the related Accrual Period on
      the
      1-X Component Notional Balance at the 1-X Component Interest Rate.

     

    1-X
      Component Distributable Amount:
      On any
      Distribution Date, the excess of (i) the sum of (x) $1,827,598.22, (y) the
      aggregate 1-X Component Current Interest for such Distribution Date and all
      prior Distribution Dates and (z) amounts treated as received by the Class X
      Certificates in respect of Class I Shortfalls described in Section 10.01(o)
      over
      (ii) the sum of (w) the aggregate payments in respect of Excess Interest for
      such Distribution Date and all prior Distribution Dates, (x) all prior
      distributions to the 1-X Component of the Class X Certificate under Section
      5.02(f)(viii) hereof, (y) all payments treated as distributed by REMIC I-3
      to
      the Uncertificated Class 1-X Interest then paid to the Swap Counterparty as
      described in Section 10.01(p) and (z) all payments treated as paid by the LIBOR
      Certificates to the Class X Certificates in respect of Class I Shortfalls then
      paid to the Swap Counterparty as described in Section 10.01(p).

     

    1-X
      Component Interest Rate:
      For any
      Distribution Date, the excess of (i) the weighted average of the interest rates
      on the REMIC I-1 Regular Interests (other than the Class LTI1-IO Interest)
      over
      (ii) two times the weighted average of the interest rates on the REMIC I-1
      Regular Interests (other than the Class LTI1-IO Interest) (treating for purposes
      of this clause (ii) the interest rate on each of the REMIC I-1 Marker Classes
      (other than the Class LTI1-1A1 Interest and the Class LTI1-1A2 Interest) as
      being capped at the interest rate of the Related REMIC I-3 Interest of the
      Corresponding Classes of Certificates (as adjusted, if necessary, to reflect
      accruals on the basis of the actual number of days in the Accrual Period for
      the
      LIBOR Certificates) and treating the interest rate on the Class LTI1-X Interest
      as capped at zero). The average described in the preceding sentence shall be
      weighted on the basis of the respective principal balances of the REMIC I-1
      Regular Interests immediately prior to such Distribution Date.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    1-X
      Component Notional Balance:
      With
      respect to any Distribution Date (and the related Accrual Period), the aggregate
      principal balance of the REMIC I-1 Regular Interests (other than the Class
      LTI1-IO Interest) immediately prior to such Distribution Date.

     

    10-K
      Filing Deadline:
      As
      defined in Section 6.20(e)(i).

     

    Accepted
      Servicing Practices:
      With
      respect to any Mortgage Loan, as applicable, either (x) those customary mortgage
      servicing or master servicing practices of prudent mortgage servicing
      institutions that service or master service mortgage loans of the same type
      and
      quality as such Mortgage Loan in the jurisdiction where the related Mortgaged
      Property is located, to the extent applicable to the Trustee (as successor
      master servicer) or the Master Servicer or (y) as provided in the applicable
      Servicing Agreement, to the extent applicable to the related
      Servicer.

     

    Accountant:
      A
      person engaged in the practice of accounting who (except when this Agreement
      provides that an Accountant must be Independent) may be employed by or
      affiliated with the Depositor or an Affiliate of the Depositor.

     

    Accretion
      Directed Certificate:
      Not
      applicable.

     

    Accretion
      Termination Date:
      Not
      applicable.

     

    Accrual
      Amount:
      Not
      applicable.

     

    Accrual
      Certificate:
      Not
      applicable.

     

    Accrual
      Component:
      Not
      applicable.

     

    Accrual
      Period:
      With
      respect to any Distribution Date and for each Class of Group I Certificates
      the
      period beginning with the immediately preceding Distribution Date (or from
      March
      25, 2007 in the case of the first Distribution Date) and ending the day
      immediately preceding the related Distribution Date. With respect to any
      Distribution Date and for each Class of Certificates in Group II and Group
      III,
      the calendar month immediately preceding the month in which the related
      Distribution Date occurs. All calculations of interest on each class of Group
      I
      Certificates (other than the Class 1-AX Certificates) will be made on the basis
      of a 360 day year and the actual number of days in the related Accrual Period.
      All calculations of interest on each class of Class 1-AX Certificates, Group
      II
      Certificates and the Group III Certificates will be made on the basis of a
      360-day year and twelve 30-day months.

     

    Accrued
      Certificate Interest:
      As to
      any Class of Group II Certificates or Group III Certificates and any
      Distribution Date, the amount of interest accrued at its Certificate Interest
      Rate during the related Accrual Period on (in the case of each Class other
      than
      any Class of Notional Certificates) the related Class Principal Amount
      immediately prior to such Distribution Date or, in the case of any Class of
      Notional Certificates, the Class Notional Amount for such Distribution Date,
      as
      reduced by such Class’s share of the interest portion of (i) any Excess Losses
      for the related Mortgage Pool or Mortgage Pools for such Distribution Date
      and
      (ii) any Relief Act Reduction for the related Mortgage Pool or Mortgage Pools
      for such Distribution Date, in each case allocable among the Senior Certificates
      of the related Certificate Group and the related Subordinate Certificates
      proportionately based on (1) in the case of the Senior Certificates and the
      Group III Subordinate Certificates, the Accrued Certificate Interest otherwise
      distributable thereon, and (2) in the case of the Group II Subordinate
      Certificates interest accrued (at the applicable Subordinate Rate) on their
      respective Apportioned Principal Balances. All calculations of interest on
      each
      Class of Group II Certificates and Group III Certificates shall be calculated
      on
      the basis of a 360-day year consisting of twelve 30-day months. The interest
      shall accrue during the related Accrual Period.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    Act:
      As
      defined in Section 3.03(c).

     

    Additional
      Collateral:
      None.

     

    Additional
      Collateral Servicing Agreement:
      None.

     

    Additional
      Form 10-D Disclosure:
      As
      defined in Section 6.20(d)(i).

     

    Additional
      Form 10-K Disclosure:
      As
      defined in Section 6.20(e)(i).

     

    Additional
      Servicer:
      Each
      affiliate of each Servicer that Services any of the Mortgage Loans and each
      Person who is not an affiliate of the any Servicer, who Services 10% or more
      of
      the Mortgage Loans.

     

    Additional
      Termination Event:
      As
      defined in the Swap Agreement.

     

    Advance:
      An
      advance of the aggregate of payments of principal and interest, (net of the
      applicable Master Servicing Fee, in the event that an advance is made by Master
      Servicer, and the applicable Servicing Fee), on one or more Mortgage Loans
      that
      were due on the Due Date in the related Due Period and not received as of the
      close of business on the related Determination Date, required to be made by
      a
      Servicer or by the Master Servicer on behalf of a Servicer (or by the Trustee,
      solely in its capacity as successor master servicer in accordance with Section
      6.14) pursuant to Section 5.04.

     

    Adverse
      REMIC Event:
      Either
      (i) loss of status as a REMIC, within the meaning of Section 860D of the Code,
      for any group of assets identified as a REMIC in the Preliminary Statement
      to
      this Agreement, or (ii) imposition of any tax, including the tax imposed under
      Section 860F(a)(1) on prohibited transactions, and the tax imposed under Section
      860G(d) on certain contributions to a REMIC, on any REMIC created hereunder
      to
      the extent such tax would be payable from assets held as part of the Trust
      Fund.

     

    Affected
      Party:
      As
      defined in the Swap Agreement.

     

    Affiliate:
      With
      respect to any specified Person, any other 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.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    Aggregate
      Master Servicing Compensation:
      Not
      applicable.

     

    Aggregate
      Principal Balance:
      The
      aggregate of the Scheduled Principal Balances for all Mortgage Loans at any
      date
      of determination.

     

    Aggregate
      Subordinate Percentage:
      Not
      applicable.

     

    Aggregate
      Voting Interests:
      The
      aggregate of the Voting Interests of all the Certificates under this
      Agreement.

     

    Agreement:
      This
      Trust Agreement and all amendments and supplements hereto.

     

    AP
      Percentage:
      Not
      applicable.

     

    AP
      Principal Distribution Amount:
      Not
      applicable.

     

    Applicants:
      As
      defined in Section 8.02(b).

     

    Applied
      Loss Amount:
      For any
      Distribution Date and for Group I, after giving effect to all Realized Losses
      incurred with respect to the Pool 1 Mortgage Loans during the related Collection
      Period and distributions of principal on such Distribution Date, the amount
      by
      which the aggregate Class Principal Amount of the Group I Certificates exceeds
      the Pool Balance of the Pool 1 Mortgage Loans for such Distribution
      Date.

     

    Apportioned
      Principal Balance:
      For any
      class of Group II Subordinate Certificates for any Distribution Date, the Class
      Principal Amount of that class immediately prior to that Distribution Date
      multiplied by a fraction, the numerator of which is the applicable Group
      Subordinate Amount for that date and the denominator of which is the sum of
      the
      Group Subordinate Amounts for each Mortgage Pool related to Group II for
      that date.

     

    Appraised
      Value:
      With
      respect to any Mortgage Loan, the amount set forth in an appraisal made in
      connection with the origination of such Mortgage Loan as the value of the
      related Mortgaged Property.

     

    Associated
      Mortgage Loan:
      Not
      applicable.

     

    Assignment
      of Mortgage:
      An
      assignment of the Mortgage, notice of transfer or equivalent instrument, in
      recordable form, sufficient under the laws of the jurisdiction wherein the
      related Mortgaged Property is located to reflect the sale of the Mortgage to
      the
      Trustee, which assignment, notice of transfer or equivalent instrument may
      be in
      the form of one or more blanket assignments covering the Mortgage Loans secured
      by Mortgaged Properties located in the same jurisdiction, if permitted by law;
      provided, however, that the Trustee shall not be responsible for determining
      whether any such assignment is in recordable form.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    Aurora:
      Aurora
      Loan Services LLC or its successors in interest, in its capacity as a
      Servicer.

     

    Authenticating
      Agent:
      Any
      authenticating agent appointed by the Trustee pursuant to Section
      6.10.

     

    Authorized
      Officer:
      Not
      applicable.

     

    Available
      Basis Risk Amount:
      Not
      Applicable.

     

    Available
      Distribution Amount:
      As to
      each mortgage pool related to Group II and Group III and on any
      Distribution Date, the sum of the following amounts:

     

    (i)  the
      total
      amount of all cash received by the Master Servicer through the Remittance Date
      applicable to each Servicer and deposited with the Trustee by the Master
      Servicer by the Deposit Date for such Distribution Date on the Mortgage Loans
      of
      such Mortgage Pool (including proceeds of any Insurance Policy and any other
      credit support relating to such Mortgage Loans and including any Subsequent
      Recovery), plus all Advances made by the Master Servicer or any Servicer (or
      the
      Trustee, solely in its capacity as successor Master Servicer) for such
      Distribution Date and Mortgage Pool, any Compensating Interest Payment for
      such
      date and Mortgage Pool, any amounts received with respect to any Additional
      Collateral, if any, or any surety bond, if any, related thereto and any amounts
      paid by any Servicer in respect of Prepayment Interest Shortfalls in respect
      of
      the related Mortgage Loans for such date, but not including:

     

    (A)  all
      amounts distributed pursuant to Section 5.02 on prior Distribution
      Dates;

     

    (B)  all
      Scheduled Payments of principal and interest collected but due on a date
      subsequent to the related Due Period;

     

    (C)  all
      Principal Prepayments received or identified by the applicable Servicer after
      the applicable Prepayment Period (together with any interest payments received
      with such prepayments to the extent that they represent the payment of interest
      accrued on the related Mortgage Loans for the period subsequent to the
      applicable Prepayment Period);

     

    (D)  any
      other
      unscheduled collection, including Net Liquidation Proceeds, Subsequent
      Recoveries and Insurance Proceeds, received by the Master Servicer after the
      applicable Prepayment Period;

     

    (E)  all
      fees
      and amounts due or reimbursable to the Master Servicer, the Trustee (or its
      custodian), the Custodian or a Servicer pursuant to the terms of this Agreement,
      the applicable Custodial Agreement or the applicable Servicing Agreement related
      specifically to such Mortgage Pool or if applicable to all Mortgage Pools,
      then
      the pro rata portion of any such amounts based on the Pool Balance of such
      Mortgage Pool and the Aggregate Principal Balance;

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    (F)  Prepayment
      Interest Excess, to the extent not offset by Prepayment Interest Shortfalls;
      and

     

    (ii)  any
      other
      payment made by the Master Servicer, any Servicer, the Trustee, (solely as
      successor master servicer) the Seller, the Depositor, or any other Person with
      respect to such Distribution Date (including the Purchase Price or FPD Purchase
      Price, and excluding any FPD Premiums for Pool 2, Pool 3 or Pool 4 with respect
      to any Mortgage Loan purchased by the Seller, the Depositor or any other
      Person).

     

    Back-Up
      Certification:
      As
      defined in Section 6.20(e)(iv).

     

    Balloon
      Mortgage Loan:
      Not
      applicable.

     

    Balloon
      Payment:
      Not
      applicable.

     

    Bankruptcy:
      As to
      any Person, the making of an assignment for the benefit of creditors, the filing
      of a voluntary petition in bankruptcy, adjudication as a bankrupt or insolvent,
      the entry of an order for relief in a bankruptcy or insolvency proceeding,
      the
      seeking of reorganization, arrangement, composition, readjustment, liquidation,
      dissolution or similar relief, or seeking, consenting to or acquiescing in
      the
      appointment of a trustee, receiver or liquidator, dissolution, or termination,
      as the case may be, of such Person pursuant to the provisions of either the
      United States Bankruptcy Code of 1986, as amended, or any other similar state
      laws.

     

    Bankruptcy
      Coverage Termination Date:
      As to
      Group II and Group III the Distribution Date on which the applicable Bankruptcy
      Loss Limit has been reduced to zero (or less than zero).

     

    Bankruptcy
      Loss Limit:
      As of
      the Cut-off Date, $139,908.95 for Group II and $100,000.00 for Group III, which
      amounts shall each be reduced from time to time by the amount of Bankruptcy
      Losses that are allocated to the related Certificates until the applicable
      Bankruptcy Coverage Termination Date.

     

    Bankruptcy
      Losses:
      With
      respect to the Mortgage Loans in the related Mortgage Pool, losses that are
      incurred as a result of Deficient Valuations and any reduction, in a bankruptcy
      proceeding, of the amount of the Scheduled Payment on a Mortgage Loan other
      than
      as a result of a Deficient Valuation.

     

    Basis
      Risk Payment:
      With
      respect to any Distribution Date, and for the Group I Certificates (other than
      the Class 1-AX Certificates), the excess, if any, of (A) the sum of (1) any
      Basis Risk Shortfall for such Distribution Date and (2) any Unpaid Basis Risk
      Shortfall for such Distribution Date less any proceeds received under the
      Interest Rate Cap Agreement to the extent payable pursuant to Section
      5.02(f)(iv)(A) for such Distribution Date over (B) the amount of payments of
      Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls made pursuant to Section
      5.02(g)(vi) for such Distribution Date. The amount of the Basis Risk Payment
      for
      any Distribution Date, however, cannot exceed the amount of Monthly Excess
      Cashflow that would be distributable to the 1-X Component of the Class X
      Certificate pursuant to Section 5.02(f) hereof on such Distribution Date (as
      determined under the definition of “1-X Component Distributable Amount” without
      regard to the Basis Risk Payment for such Distribution Date).

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    Basis
      Risk Reserve Fund:
      A
      reserve fund for Group I into which any amount of Monthly Excess Cashflow and
      any amounts received under the Interest Rate Cap Agreement are deposited in
      order to pay Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls relating
      to
      the Group I Certificates.

     

    Basis
      Risk Shortfall Protected Certificate:
      Not
      applicable.

     

    Basis
      Risk Shortfall:
      With
      respect to any Distribution Date and the Group I Certificates (other than the
      Class 1-AX Certificates), the amount by which the amount of interest calculated
      at the Certificate Interest Rate applicable to such Class for such date,
      determined without regard to the Net Funds Cap for such date, exceeds the amount
      of interest calculated at the Net Funds Cap.

     

    Blanket
      Mortgage:
      Not
      applicable.

     

    Book-Entry
      Certificates:
      Beneficial interests in Certificates designated as “Book-Entry Certificates” in
      this Agreement, ownership and transfers of which shall be evidenced or made
      through book entries by a Clearing Agency as described in Section 3.09;
      provided, that after the occurrence of a condition whereupon book-entry
      registration and transfer are no longer permitted and Definitive Certificates
      are to be issued to Certificate Owners, such Book-Entry Certificates shall
      no
      longer be “Book-Entry Certificates.” As of the Closing Date, all of the Classes
      of Certificates listed in the table in the Preliminary Statement entitled “The
      Certificates,” other than the Class R-I, Class C and Class X, will constitute
      Book-Entry Certificates.

     

    Business
      Day:
      Any day
      other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions
      in Colorado, Minnesota, Maryland, New York or, if other than New York, the
      city
      in which the Corporate Trust Office of the Trustee is located, or (iii) with
      respect to any Remittance Date or any Servicer reporting date, the States
      specified in the definition of “Business Day” in the applicable Servicing
      Agreement, are authorized or obligated by law or executive order to be
      closed.

     

    C-X
      Component:
      The
      portion of the Class X Certificates representing the right to distributions
      to
      the Class X Certificates from the Interest Rate Cap Agreement.

     

    Cap
      Counterparty:
      Lehman
      Brothers Special Financing Inc.

     

    Carryforward
      Interest:
      For any
      class of Group I Certificates and any Distribution Date, the sum of (1) the
      amount, if any, by which (x) the sum of (A) Current Interest for such class
      for
      the immediately preceding Distribution Date and (B) any unpaid Carryforward
      Interest for such class from previous Distribution Dates exceeds (y) the amount
      distributed in respect of interest on such class on such immediately preceding
      Distribution Date and (2) interest on such amount for the related Accrual Period
      at the applicable Certificate Interest Rate.

     

    Certificate:
      Any one
      of the certificates signed by the Trustee and countersigned by the
      Authenticating Agent in substantially the forms attached hereto as Exhibit
      A.

     

    Certificate
      Account:
      The
      account maintained by the Trustee in accordance with the provisions of Section
      4.04.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    Certificate
      Group:
      The
      Group I Senior Certificates (which are related to Pool 1), the Pool 2
      Certificates (which are related to Pool 2), the Pool 3 Certificates (which
      are
      related to Pool 3) and the Group III Senior Certificates (which are related
      to
      Pool 4), as applicable.

     

    Certificate
      Interest Rate:
      With
      respect to each Class of Certificates and any Distribution Date, the applicable
      per annum rate specified or determined as provided in the Preliminary Statement
      hereto.

     

    Certificate
      Owner:
      With
      respect to a Book-Entry Certificate, the Person who is the owner of such
      Book-Entry Certificate, as reflected on the books of the Clearing Agency, or
      on
      the books of a Person maintaining an account with such Clearing Agency (directly
      or as an indirect participant, in accordance with the rules of such Clearing
      Agency).

     

    Certificate
      Principal Amount:
      With
      respect to any Group I Certificate other than a Notional Certificate, at the
      time of determination, the maximum specified dollar amount of principal to
      which
      the Holder thereof is then entitled hereunder, such amount being equal to the
      initial principal amount set forth on the face of such Certificate, less the
      amount of all amounts previously distributed on that Certificate in respect
      of
      principal prior to such Distribution Date, as further reduced by any Applied
      Loss Amount previously allocated hereto; provided, however, that on each
      Distribution Date on which a Subsequent Recovery is distributed, the Certificate
      Principal Amount of any class of Group I Certificates whose Certificate
      Principal Amount has previously been reduced by application of an Applied Loss
      Amount will be increased, in order of seniority, by an amount (to be applied
      pro
      rata to all Certificates of such class) equal to the lesser of (1) any Deferred
      Amount for each such class immediately prior to such Distribution Date and
      (2)
      the total amount of any Subsequent Recovery distributed on such Distribution
      Date to such Certificateholders, after application (for this purpose) to any
      more senior classes of such Certificates. With respect to any Group II
      Certificate or Group III Certificate other than a Notional Certificate, at
      the
      time of determination, the maximum specified dollar amount of principal to
      which
      the Holder thereof is then entitled hereunder, such amount being equal to the
      initial principal amount set forth on the face of such Certificate, as reduced
      by the amount of all principal distributions previously made with respect to
      such Certificate, and all Realized Losses allocated to such Certificate and,
      in
      the case of a Subordinate Certificate, any Subordinate Certificate Writedown
      Amount allocated to such Certificates; provided,
      however, that on any Distribution Date on which a Subsequent Recovery for Group
      II or Group III is distributed, the Certificate Principal Amount of any Class
      of
      related Certificates then outstanding for which any Realized Loss or any
      Subordinate Certificate Writedown Amount has been applied will be increased,
      in
      order of seniority, by an amount equal to the lesser of (i) the amount the
      Class
      of Certificates has been reduced by any Realized Losses or any Subordinate
      Certificate Writedown Amount which have not been previously offset by any
      Subsequent Recovery pursuant to this proviso and (ii) the total amount of any
      Subsequent Recovery for such Mortgage Pool distributed on such date to
      Certificateholders (as
      reduced (x) by increases in the Certificate Principal Amount of more senior
      Classes of Certificates related to such Mortgage Pool on such Distribution
      Date
      and (y) to reflect a proportionate amount of what would (but for this clause
      (y)
      have been the increases in the Certificate Principal Amount of Classes of
      Certificates related to such Mortgage Pool of equal seniority on such
      Distribution Date). For purposes of Article V hereof, unless specifically
      provided to the contrary, Certificate Principal Amounts shall be determined
      as
      of the close of business of the immediately preceding Distribution Date, after
      giving effect to all distributions made on such date. Notional Certificates
      are
      issued without Certificate Principal Amounts.

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    Certificate
      Register
      and
Certificate
      Registrar:
      The
      register maintained and the registrar appointed pursuant to Section
      3.02.

     

    Certification
      Parties:
      As
      defined in Section 6.20(e)(iv).

     

    Certifying
      Person:
      As
      defined in Section 6.20(e)(iv).

     

    Class:
      All
      Certificates bearing the same class designation, and, in the case of each REMIC,
      all interests bearing the same designation.

     

    Class
      1-AP Reserve Fund:
      As
      defined in Section 5.13(a). 

     

    Class
      1-AX Net Funds Cap:
      For
      each Distribution Date on or prior to the Distribution date in January 2012
      and
      for the Class 1-AX Certificates, an annual rate equal to the excess, if any,
      of
      (1) the Net Funds Cap over (2) the sum of (i) LIBOR and (ii) the weighted
      average of the margins over LIBOR applicable to the Class 1-A1 and Class 1-A2
      Certificates, weighted on the basis of the Class Principal Amounts of such
      Certificates prior to distributions for such Distributions Date.

     

    Class
      2-AP Reserve Fund:
      As
      defined in Section 5.13(a).

     

    Class
      3-AP Reserve Fund:
      As
      defined in Section 5.13(a).

     

    Class
      4-AP Reserve Fund:
      As
      defined in Section 5.13(a).

     

    Class
      B Certificate:
      Any
      Class B1-II, Class B2-II, Class B3-II, Class B4-II, Class B5-II, Class B6-II,
      Class B1-III, Class B2-III, Class B3-III, Class B4-III, Class B5-III and Class
      B6-III Certificate.

     

    Class
      C Distributable Amount:
      For
      each Distribution Date on and prior to the Distribution Date occurring on the
      1-X Component Account Termination Date, an amount equal to the lesser of (a)
      aggregate investment earnings on the 1-X Component Account for the related
      Collection Period and (b) the amount on deposit in the 1-X Component Account
      on
      such Distribution Date, after taking into account any payments made from the
      1-X
      Component Account on such Distribution Date to the 1-X Component of the Class
      X
      Certificates. On the Distribution Date occurring on the 1-X Component Account
      Termination Date, an amount equal to the entire amount remaining on deposit
      in
      the 1-X Component Account after making the payments set forth in the preceding
      sentence.

     

    Class
      C Mortgage Loan:
      Any
      Mortgage Loan which has become a Liquidated Mortgage Loan on or prior to the
      Collection Period ending on February 1, 2010.

     

    Class
      I Shortfalls:
      As
      defined in Section 10.01(o) hereof.

     

    Class
      Notional Amount:
      With
      respect to each Class of Notional Certificates the applicable class notional
      amount calculated as provided in the Preliminary Statement hereto.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    Class
      P Certificate:
      Any
      Class 1-AP, Class 2-AP, Class 3-AP and Class 4-AP Certificate.

     

    Class
      P Reserve Funds:
      The
      Class 1-AP Reserve Fund, the Class 2-AP Reserve Fund, the Class 3-AP Reserve
      Fund and the Class 4-AP Reserve Fund.

     

    Class
      Percentage:
      With
      respect to each Class of Subordinate Certificates, for each Distribution Date,
      the percentage obtained by dividing the Class Principal Amount of such Class
      immediately prior to such Distribution Date by the sum of the Class Principal
      Amounts of all Certificates related to the same Group immediately prior to
      such
      date.

     

    Class
      Principal Amount:
      With
      respect to each Class of Certificates other than any Class of Notional
      Certificates or the Class R-I, Class C and Class X Certificates, the aggregate
      of the Certificate Principal Amounts of all Certificates of such Class at the
      date of determination. With respect to each Class of Notional Certificates,
      Class R-I and Class X Certificates, zero.

     

    Class
      R Certificate:
      Any
      Class R-I, Class R-II or Class R-III Certificate.

     

    Class
      R-I Certificate:
      The
      Class R-I Certificate executed by the Trustee, and authenticated and delivered
      by the Certificate Registrar, substantially in the form annexed hereto as
      Exhibit A and evidencing the ownership of the sole class of residual interest
      in
REMIC
      I-3 as well as ownership of the Class LTI1-R Interest in REMIC I-1, the Class
      LTI2-R Interest in REMIC I-2 and the Class SW-R Interest in the SWAP
      REMIC.

    

    Class
      R-II Certificate:
      The
      Class R-II Certificate executed by the Trustee, and authenticated and delivered
      by the Certificate Registrar, substantially in the form annexed hereto as
      Exhibit A and evidencing the ownership of the sole class of residual interest
      in
REMIC
      II-3, the Class LTII2-R Interest in REMIC II-2 and the Class LTII1-R Interest
      in
      REMIC II-1.

    

    Class
      R-III Certificate:
      The
      Class R-III Certificate executed by the Trustee, and 

    authenticated
      and delivered by the Certificate Registrar, substantially in the form annexed
      hereto as Exhibit A and evidencing the ownership of the sole class of residual
      interest in REMIC
      III-2 and the Class LTIII1-R Interest in REMIC III-1.

    

    Clearing
      Agency:
      An
      organization registered as a “clearing agency” pursuant to Section 17A of the
      Securities Exchange Act of 1934, as amended. As of the Closing Date, the
      Clearing Agency shall be The Depository Trust Company.

     

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

     

    Clearstream:
      Clearstream Banking, société anonyme, and any successor thereto.

     

    Closing
      Date:
      March
      30, 2007.

     

    Code:
      The
      Internal Revenue Code of 1986, as amended, and as it may be further amended
      from
      time to time, any successor statutes thereto, and applicable U.S. Department
      of
      Treasury regulations issued pursuant thereto in temporary or final
      form.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

    Collateral
      Account:
      A
      separate account that may be established and maintained by the Trustee pursuant
      to Section 5.09.

     

    Collection
      Account:
      A
      separate account established and maintained by the Master Servicer pursuant
      to
      Section 4.01.

     

    Collection
      Period:
      With
      respect to any Distribution Date, the period commencing on the second day of
      the
      month immediately preceding the month in which such Distribution Date occurs
      and
      ending on the first day of the month in which such Distribution Date
      occurs.

     

    Commission:
      The
      Securities and Exchange Commission.

     

    Compensating
      Interest Payment:
      With
      respect to any Distribution Date, an amount equal to the aggregate amount of
      any
      Prepayment Interest Shortfalls required to be paid by the Servicers with respect
      to such Distribution Date, provided that for Mortgage Loans serviced by
      Residential Funding Company, LLC, if the aggregate Servicing Fee received on
      the
      related Mortgage Loans is more than 0.250%, the Compensating Interest will
      be
      calculated using a Servicing Fee of 0.250%. The Master Servicer shall not be
      responsible to make any Compensating Interest Payment.

     

    Component:
      Not
      applicable.

     

    Component
      Certificate:
      Not
      applicable.

     

    Component
      Notional Amount:
      Not
      applicable.

     

    Component
      Principal Amount:
      Not
      applicable.

     

    Component
      Writedown Amount:
      Not
      applicable.

     

    Controlling
      Person:
      With
      respect to any Person, any other Person who “controls” such Person within the
      meaning of the Securities Act.

     

    Conventional
      Loan:
      Not
      applicable.

     

    Converted
      Mortgage Loan:
      Not
      applicable.

     

    Convertible
      Mortgage Loan:
      Not
      applicable.

     

    Cooperative
      Corporation:
      The
      entity that holds title (fee or an acceptable leasehold estate) to the real
      property and improvements constituting the Cooperative Property and which
      governs the Cooperative Property, which Cooperative Corporation must qualify
      as
      a Cooperative Housing Corporation under Section 216 of the Code.

     

    Cooperative
      Loan:
      Any
      Mortgage Loan secured by Cooperative Shares and a Proprietary
      Lease.

     

    Cooperative
      Loan Documents:
      As to
      any Cooperative Loan, (i) the Cooperative Shares, together with a stock power
      in
      blank; (ii) the original executed Security Agreement and the assignment of
      the
      Security Agreement endorsed in blank; (iii) the original executed Proprietary
      Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the
      original executed Recognition Agreement and the assignment of the Recognition
      Agreement (or a blanket assignment of all Recognition Agreements) endorsed
      in
      blank; (v) the executed UCC-1 financing statement with evidence of recording
      thereon, which has been filed in all places required to perfect the security
      interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed
      UCC-3 financing statements (or copies thereof) or other appropriate UCC
      financing statements required by state law, evidencing a complete and unbroken
      line from the mortgagee to the Trustee with evidence of recording thereon (or
      in
      a form suitable for recordation).

     

    
      
        
        

      

      
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    Cooperative
      Property:
      The
      real property and improvements owned by the Cooperative Corporation, that
      includes the allocation of individual dwelling units to the holders of the
      Cooperative Shares of the Cooperative Corporation.

     

    Cooperative
      Shares:
      Shares
      issued by a Cooperative Corporation.

     

    Cooperative
      Unit:
      A
      single-family dwelling located in a Cooperative Property.

     

    Corporate
      Trust Office:
      For the
      purpose of presentment, exchange and surrender of the Certificates, the
      Trustee’s Corporate Trust Office is located at Sixth
      Street and Marquette Avenue, Minneapolis, MN 55479, Attention: Client Service
      Manager SARM 2007-3 and for all other purposes is located at 9062
      Old
      Annapolis Road, Columbia, MD 21045 Attention: Client Service Manager - SARM
      2007-3, or such other address that the Trustee may designate from time to time
      by notice to the Certificateholders, the Depositor and the Master
      Servicer.

    

    Corresponding
      Certificates:
      The
      Class or Classes of Certificates that corresponds to a class of Lower Tier
      Interests in REMIC II-2 or REMIC III-1 and as described in the Preliminary
      Statement.

     

    Corresponding
      Class:
      The
      Class of Certificates that corresponds to a class of Lower Tier Interests in
      REMIC I-1 and as described in the Preliminary Statement.

     

    Credit
      Score:
      With
      respect to any Mortgage Loan, a numerical assessment of default risk with
      respect to the Mortgagor under such Mortgage Loan, determined on the basis
      of a
      methodology developed by Fair, Isaac & Co., Inc.

     

    Credit
      Support Depletion Date:
      For
      Group II and Group III, the Distribution Date on which, after giving effect
      to
      all distributions on such date, the aggregate Certificate Principal Amount
      of
      the related Subordinate Certificates is reduced to zero.

     

    Credit
      Support Percentage:
      As to
      any Class of Subordinate Certificates (other than the lowest ranking Class)
      and
      any Distribution Date, the sum of the Class Percentages of all Classes of
      Certificates that rank lower in priority than such Class (without giving effect
      to distributions on such date).

     

    Cumulative
      Loss Trigger Event:
      For
      Group I, a Cumulative Loss Trigger Event will have occurred if on any
      Distribution Date, the fraction, expressed as a percentage, obtained by dividing
      (x) the aggregate amount of cumulative Realized Losses incurred on the Pool
      1
      Mortgage Loans from the Cut-off Date through the last day of the related
      Collection Period by (y) the Cut-off Date Balance of the Pool 1 Mortgage Loans,
      exceeds
      the
      following applicable percentages with respect to such Distribution
      Date:

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    
      	
              Distribution
                Date

            	 	
              Loss
                Percentage

            
	 	 	 
	
              April
                2009 through March 2010

            	 	
              0.25%
                for the first month plus an additional 1/12th of 0.40% for each month
                thereafter

            
	 	 	 
	
              April
                2010 through March 2011

            	 	
              0.65%
                for the first month plus an additional 1/12th of 0.45% for each month
                thereafter

            
	 	 	 
	
              April
                2011 through March
                2012

            	 	
              1.10%
                for the first month plus an additional 1/12th of 0.40% for each month
                thereafter

            
	 	 	 
	
              April
                2012 through March 2013

            	 	
              1.50%
                for the first month plus an additional 1/12th of 0.25% for each month
                thereafter

            
	 	 	 
	
              April
                2013 and thereafter

            	 	
              1.75%

            

    

     

    Current
      Interest:
      For any
      Certificates and any Distribution Date, the aggregate amount of interest accrued
      at the applicable Certificate Interest Rate during the related Accrual Period
      on
      the Class Principal Amount or Class Notional Amount of such Class immediately
      prior to such Distribution Date. 

     

    Custodial
      Agreement:
      Each
      custodial agreement attached as Exhibit K hereto, and any custodial agreement
      subsequently executed by the Trustee substantially in the form
      thereof.

     

    Custodian:
      Each
      custodian appointed by the Trustee pursuant to a Custodial Agreement, and any
      successor thereto. The initial Custodians are Deutsche Bank National Trust
      Company, LaSalle Bank National Association, U.S. Bank National Association
      and
      Wells Fargo Bank, N.A.

     

    Cut-off
      Date:
      March
      1, 2007.

     

    Cut-off
      Date Aggregate Principal Balance:
      Not
      applicable.

     

    Debt
      Service Reduction:
      With
      respect to any Mortgage Loan in Group II or Group III, a reduction of the
      Scheduled Payment that the related Mortgagor is obligated to pay on any Due
      Date
      as a result of any proceeding under Bankruptcy law or any similar proceeding.
      The principal portion of Debt Service Reductions will not be allocated in
      reduction of the Certificate Principal Amounts of any Certificates.

     

    Defaulting
      Party:
      As
      defined in the Swap Agreement.

     

    Deferred
      Amount:
      For
      each Distribution Date and for each class of Group I Certificates, the amount
      by
      which the aggregate of Applied Loss Amounts previously applied in reduction
      of
      the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate
      of
      amounts previously distributed in reimbursement thereof and (2) the amount
      by
      which the Class Principal Amount of such class has been increased due to any
      Subsequent Recovery.

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    Deferred
      Interest:
      Not
      Applicable.

     

    Deficient
      Valuation:
      With
      respect to any Mortgage Loan, a valuation by a court of competent jurisdiction
      of the Mortgaged Property in an amount less than the then outstanding
      indebtedness under such Mortgage Loan, which valuation results from a proceeding
      under Bankruptcy law or any similar proceeding.

     

    Definitive
      Certificate:
      A
      Certificate of any Class issued in definitive, fully registered, certificated
      form.

     

    Deleted
      Loan REMIC:
      Not
      Applicable.

     

    Deleted
      Loan REMIC Interest:
      Not
      Applicable.

     

    Deleted
      Loan REMIC Regular Interest:
      Not
      Applicable.

     

    Deleted
      Mortgage Loan:
      A
      Mortgage Loan that is repurchased from the Trust Fund pursuant to the terms
      hereof or as to which one or more Qualifying Substitute Mortgage Loans are
      substituted therefor.

     

    Delinquency
      Event:
      For
      Group I, a Delinquency Event will have occurred if on any Distribution Date,
      the
      Rolling Three Month Delinquency Rate as of the last day of the immediately
      preceding month equals or exceeds 40% of the Senior Enhancement Percentage
      for
      Group I for such Distribution Date. 

     

    Delinquency
      Rate:
      For
      Group I and for any month, the fraction, expressed as a percentage, the
      numerator of which is the aggregate outstanding principal balance of all Pool
      1
      Mortgage Loans which are 60 or more days delinquent (including all foreclosures,
      bankruptcies and REO Properties) as of the close of business on the last day
      of
      such month, and the denominator of which is the Pool Balance for Pool 1 as
      of
      the close of business on the last day of such month.

     

    Deposit
      Date:
      With
      respect to each Distribution Date, the Business Day immediately preceding such
      Distribution Date.

     

    Depositor:
      Structured Asset Securities Corporation, a Delaware corporation having its
      principal place of business in New York, or its successors in
      interest.

     

    Designated
      Rate:
      Not
      applicable.

     

    Determination
      Date:
      With
      respect to each Distribution Date, the Remittance Date immediately preceding
      such Distribution Date.

     

    Direct
      Obligations:
      As
      defined in the definition of Eligible Investments.

     

    Discount
      Mortgage Loan:
      None.

     

    Disqualified
      Organization:
      Either
      (i) the United States, (ii) any state or political subdivision thereof, (iii)
      any foreign government, (iv) any international organization, (v) any agency
      or
      instrumentality of any of the foregoing, (vi) any tax-exempt organization (other
      than a cooperative described in section 521 of the Code) which is exempt from
      the tax imposed by Chapter 1 of the Code unless such organization is subject
      to
      the tax imposed by section 511 of the Code, (vii) any organization described
      in
      section 1381(a)(2)(C) of the Code, (viii) any “electing large partnership”
described in section 775 of the Code, or (ix) any other entity designated as
      a
      Disqualified Organization by relevant legislation amending the REMIC Provisions
      and in effect at or proposed to be effective as of the time of the
      determination. In addition, a corporation will not be treated as an
      instrumentality of the United States or of any state or political subdivision
      thereof if all of its activities are subject to tax and, with the exception
      of
      the Federal Home Loan Mortgage Corporation, a majority of its board of directors
      is not selected by such governmental unit.

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

    Distressed
      Mortgage Loan:
      Any
      Mortgage Loan which is more than 90 days delinquent or for which the Servicer
      has accepted a deed in lieu of foreclosure.

     

    Distribution
      Date:
      The
      25th
      day of
      each month, or, if such 25th
      day is
      not a Business Day, the next succeeding Business Day commencing in April
      2007.

     

    DTC:
      The
      Depository Trust Company.

     

    Due
      Date:
      With
      respect to any Mortgage Loan, the date on which a Scheduled Payment is due
      under
      the related Mortgage Note.

     

    Due
      Period:
      With
      respect to any Distribution Date, the period commencing on the second day of
      the
      month immediately preceding the month in which such Distribution Date occurs
      and
      ending on the first day of the month in which such Distribution Date
      occurs.

     

    Early
      Payment Default Mortgage Loan:
      Any
      Mortgage Loan originated by LBB specified in Section 1.04 of the Mortgage Loan
      Sale and Assignment Agreement in respect to which the related Mortgagor does
      not
      make the first or second payment due to the Seller within the time frame
      required under such section.

     

    Eligible
      Account:
      Either
      (i) an account or accounts maintained with a federal or state chartered
      depository institution or trust company acceptable to the Rating Agencies or
      (ii) an account or accounts the deposits in which are insured by the FDIC to
      the
      limits established by such corporation, provided that any such deposits not
      so
      insured shall be maintained in an account at a depository institution or trust
      company whose commercial paper or other short term debt obligations (or, in
      the
      case of a depository institution or trust company which is the principal
      subsidiary of a holding company, the commercial paper or other short term debt
      or deposit obligations of such holding company or depository institution, as
      the
      case may be) have been rated by each Rating Agency in its highest short-term
      rating category, or (iii) a segregated trust account or accounts (which shall
      be
      a “special deposit account”) maintained with the Trustee or any other federal or
      state chartered depository institution or trust company, acting in its fiduciary
      capacity, in a in a manner acceptable to the Trustee, any NIMS Insurer and
      the
      Rating Agencies. Eligible Accounts may bear interest.

     

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

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

    (i)  direct
      obligations of, and obligations fully guaranteed as to timely payment of
      principal and interest 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 (“Direct
      Obligations”);

     

    (ii)  federal
      funds, or demand and time deposits in, certificates of deposits of, or bankers’
acceptances issued by, any depository institution or trust company (including
      U.S. subsidiaries of foreign depositories and the Trustee or any agent of the
      Trustee acting in its respective commercial capacity) incorporated or organized
      under the laws of the United States of America or any state thereof and subject
      to supervision and examination by federal or state banking authorities, so
      long
      as at the time of investment or the contractual commitment providing for such
      investment the commercial paper or other short-term debt obligations of such
      depository institution or trust company (or, in the case of a depository
      institution or trust company which is the principal subsidiary of a holding
      company, the commercial paper or other short-term debt or deposit obligations
      of
      such holding company or deposit institution, as the case may be) have been
      rated
      by each Rating Agency in its highest short-term rating category or one of its
      two highest long-term rating categories;

     

    (iii)  repurchase
      agreements collateralized by Direct Obligations or securities guaranteed by
      GNMA, FNMA or FHLMC with any registered broker/dealer subject to Securities
      Investors’ Protection Corporation jurisdiction or any commercial bank insured by
      the FDIC, if such broker/dealer or bank has an uninsured, unsecured and
      unguaranteed obligation rated by each Rating Agency in its highest short-term
      rating category;

     

    (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 which have
      a
      credit rating from each Rating Agency, at the time of investment or the
      contractual commitment providing for such investment, at least equal to one
      of
      the two highest short-term credit ratings of each Rating Agency; provided,
      however, that securities issued by any particular corporation will not be
      Eligible Investments to the extent that investment therein will cause the then
      outstanding principal amount of securities issued by such corporation and held
      as part of the Trust Fund to exceed 20% of the sum of the Aggregate Principal
      Balance and the aggregate principal amount of all Eligible Investments in the
      Certificate Account; provided, further, that such securities will not be
      Eligible Investments if they are published as being under review with negative
      implications from either Rating Agency;

     

    (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 180 days after the date of issuance thereof) rated by each Rating Agency
      in
      its highest short-term rating category;

     

    (vi)  a
      Qualified GIC;

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    (vii)  certificates
      or receipts representing direct ownership interests in future interest or
      principal payments on obligations of the United States of America or its
      agencies or instrumentalities (which obligations are backed by the full faith
      and credit of the United States of America) held by a custodian in safekeeping
      on behalf of the holders of such receipts; and

     

    (viii)  any
      other
      demand, money market fund, common trust fund or time deposit or obligation,
      or
      interest-bearing or other security or investment (including those managed or
      advised by the Trustee or any Affiliate thereof) approved by the NIMS Insurer
      ,
      (A) rated in the highest rating category by each Rating Agency (if rated by
      such
      Rating Agency) or (B) that would not adversely affect the then current rating
      by
      either Rating Agency of any of the Certificates or the NIM Securities and has
      a
      short term rating of at least “A-1” or its equivalent by each Rating Agency.
      Such investments in this subsection (viii) may include money market mutual
      funds
      or common trust funds, including any fund for which Wells Fargo Bank, N.A.,
      in
      its capacity other than as Trustee, the Master Servicer or an affiliate thereof
      serves as an investment advisor, administrator, shareholder servicing agent,
      and/or custodian or subcustodian, notwithstanding that (i) Wells Fargo Bank,
      N.A., the Trustee, the Master Servicer or any Affiliate thereof charges and
      collects fees and expenses from such funds for services rendered, (ii) Wells
      Fargo Bank, N.A., the Trustee, the Master Servicer, or any Affiliate thereof
      charges and collects fees and expenses for services rendered pursuant to this
      Agreement, and (iii) services performed for such funds and pursuant to this
      Agreement may converge at any time. Wells Fargo Bank, N.A. or an Affiliate
      thereof is hereby authorized to charge and collect from the Trust Fund such
      fees
      as are collected from all investors in such funds for services rendered to
      such
      funds (but not to exceed investment earnings thereon);

     

    provided,
      however, that (x) no such instrument shall be an Eligible Investment if such
      instrument evidences either (i) a right to receive only interest payments with
      respect to the obligations underlying such instrument, or (ii) both principal
      and interest payments derived from obligations underlying such instrument and
      the principal and interest payments with respect to such instrument provide
      a
      yield to maturity of greater than 120% of the yield to maturity at par of such
      underlying obligations and (y) each such investment must be a “permitted
      investment” within the meaning of Section 860G(a)(5) of the Code.

     

    ERISA:
      The
      Employee Retirement Income Security Act of 1974, as amended, and as it may
      be
      further amended from time to time, any successor statutes thereto, and
      applicable U.S. Department of Labor regulations issued pursuant thereto in
      temporary or final form.

     

    ERISA-Qualifying
      Underwriting:
      A best
      efforts or firm commitment underwriting or private placement that would satisfy
      the requirements of the Underwriter’s Exemption, except, in relevant part, for
      the requirement that the certificates have received a rating at the time of
      acquisition that is in one of the three (or four, in the case of a “designated
      transaction”) highest generic rating categories by at least one of the Rating
      Agencies.

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    ERISA-Restricted
      Certificate:
      Any
      Class B4-II, Class B5-II, Class B6-II, Class B4-III, Class B5-III or Class
      B6-III Certificate and any other Certificate, as long as the acquisition and
      holding of such Certificate is not covered by and exempt under the Underwriter’s
      Exemption.

     

    ERISA-Restricted
      Swap Certificate:
      Any
      Class 1-A1 or Class 1-A2 Certificates or any Group I Subordinate
      Certificates.

     

    Escrow
      Account:
      Any
      account established and maintained by a Servicer pursuant to the applicable
      Servicing Agreement.

     

    Euroclear:
      Euroclear S.A./N.V., as operator of the Euroclear System.

     

    Event
      of Default:
      Any one
      of the conditions or circumstances enumerated in Section 6.14(a).

     

    Excess
      Interest:
      On any
      Distribution Date, for each Class of Group I Certificates (other than the Class
      1-AX Certificates), the excess, if any, of (1) the amount of interest such
      Class
      of Certificates is entitled to receive on such Distribution Date over (2) (x)
      in
      the case of each Class of Group I Certificates (other than the Class 1-AX
      Certificates), the amount of interest such Class of Certificates would have
      been
      entitled to receive on such Distribution Date at an interest rate equal to
      the
      REMIC Pass-Through Rate or (y) in the case of the Class 1-AX Certificates,
      the
      amount interest accrued on the REMIC I-3 Regular Interests represented
      thereby.

     

    Excess
      Loss:
      Any
      Bankruptcy Loss, or portion thereof, on the Mortgage Loans in Group II or Group
      III in excess of the then-applicable Bankruptcy Loss Limit, any Fraud Loss,
      or
      portion thereof, on the Mortgage Loans in Group II or Group II in excess of
      the
      then-applicable Fraud Loss Limit, and any Special Hazard Loss, or portion
      thereof, on the Mortgage Loans in Group II or Group II in excess of the
      then-applicable Special Hazard Loss Limit.

     

    Excess
      REMIC Payments:
      Not
      applicable.

     

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

     

    Exchange
      Act Signing Party:
      Either
      the Depositor or the Master Servicer, to be determined by mutual agreement
      between such parties.

     

    Extended
      Period:
      As
      defined in Section 10.04(b).

     

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

     

    FHLMC:
      The
      Federal Home Loan Mortgage Corporation, a corporate instrumentality of the
      United States created and existing under Title III of the Emergency Home Finance
      Act of 1970, as amended, or any successor thereto.

     

    Final
      Scheduled Distribution Date:
      For the
      Certificates (except the Class 1-AX, Class 3-AX, and Class 4-AX Certificates),
      the Distribution Date in April 2037. For the Class 1-AX Certificates, the
      Distribution Date in January 2012. For the Class 3-AX Certificates, the
      Distribution Date in February 2014. For the Class 4-AX Certificates, the
      Distribution Date in February 2017.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    Financial
      Intermediary:
      Not
      applicable.

     

    Fitch:
      Fitch
      Ratings, Inc., or any successor in interest.

     

    FNMA:
      The
      Federal National Mortgage Association, a federally chartered and privately
      owned
      corporation organized and existing under the Federal National Mortgage
      Association Charter Act, or any successor thereto.

     

    Form
      8-K Disclosure Information:
      As
      defined in Section 6.20(g)(i).

     

    Form
      10-K Certification:
      The
      certification required pursuant to Rule 13a-14 under the Exchange
      Act.

     

    FPD
      Premium:
      With
      respect to any Early Payment Default Mortgage Loan purchased by the Seller
      from
      Lehman Brothers Bank, FSB, the excess, if any of the FPD Purchase Price over
      the
      Purchase Price for such Mortgage Loan.

     

    FPD
      Purchase Price:
      With
      respect to any Early Payment Default Mortgage Loan, an amount equal to the
      sum
      of (a) 101.50% of the unpaid principal balance of such Mortgage Loan and (b)
      accrued interest thereon at the applicable Mortgage Rate from the date as to
      interest was last paid (but not including) the Due Date in the Collection period
      immediately preceding the related Distribution Date.

     

    Fraud
      Loss:
      Any
      Realized Loss on a Liquidated Mortgage Loan sustained by reason of a default
      arising from fraud, dishonesty or misrepresentation in connection with the
      related Mortgage Loan, as reported by the applicable Servicer to the Master
      Servicer.

     

    Fraud
      Loss Limit:
      For
      Group II and with respect to any Distribution Date (x) prior to the first
      anniversary of the Cut-off Date, $4,031,937.90 for Group II, less the aggregate
      of Fraud Losses in Pool 2 and Pool 3 since the Cut-off Date, (y) from the first
      anniversary to the second anniversary of the Cut-off Date, an amount equal
      to
      (1) the lesser of (a) the Fraud Loss Limit as of the most recent anniversary
      of
      the Cut-off Date and (b) 1.00% of the aggregate principal balance of all the
      Mortgage Loans in Pool 2 and Pool 3 as of the most recent anniversary of the
      Cut-off Date less (2) the aggregate of Fraud Losses in Pool 2 and Pool 3 since
      the most recent anniversary of the Cut-off Date, and (z) from the second
      anniversary to the fifth anniversary of the Cut-off Date, an amount equal to
      (1)
      the lesser of (a) the Fraud Loss Limit as of the most recent anniversary of
      the
      Cut-off Date and (b) 0.50% of the aggregate principal balance of all the
      Mortgage Loans in Pool 2 and Pool 3 as of the most recent anniversary of the
      Cut-off Date less (2) the aggregate of Fraud Losses in Pool 2 and Pool 3 since
      the most recent anniversary of the Cut-off Date. On or after the fifth
      anniversary of the Cut-off Date, the Fraud Loss Limit shall be
      zero.

    

    For
      Group
      III and with respect to any Distribution Date (x) prior to the first anniversary
      of the Cut-off Date, $3,155,060.72 for Group III, less the aggregate of Fraud
      Losses in Pool 4 since the Cut-off Date, (y) from the first anniversary to
      the
      second anniversary of the Cut-off Date, an amount equal to (1) the lesser of
      (a)
      the Fraud Loss Limit as of the most recent anniversary of the Cut-off Date
      and
      (b) 1.00% of the aggregate principal balance of all the Mortgage Loans in Pool
      4
      as of the most recent anniversary of the Cut-off Date less (2) the aggregate
      of
      Fraud Losses in Pool 4 since the most recent anniversary of the Cut-off Date,
      and (z) from the second anniversary to the fifth anniversary of the Cut-off
      Date, an amount equal to (1) the lesser of (a) the Fraud Loss Limit as of the
      most recent anniversary of the Cut-off Date and (b) 0.50% of the aggregate
      principal balance of all the Mortgage Loans in Pool 4 as of the most recent
      anniversary of the Cut-off Date less (2) the aggregate of Fraud Losses in Pool
      4
      since the most recent anniversary of the Cut-off Date. On or after the fifth
      anniversary of the Cut-off Date, the Fraud Loss Limit shall be
      zero.

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    Funding
      Account:
      The
      account defined in Section 5.06 herein.

     

    Funding
      Amount:
      The
      amount paid by the Depositor to the Trustee for deposit into the Funding Account
      on the Closing Date pursuant to Section 5.06, which amount is $10,860,862.21.
      The Funding Amount is calculated as the scheduled principal balance, as of
      the
      Cut-off Date of mortgage loans that were removed from each respective Pool,
      if
      any, prior to the Closing Date, plus 30 days accrued interest on that amount,
      or
      alternatively, accrued interest due to the certificate holders on any Mortgage
      Loans in the related Pool for which scheduled monthly payments do not begin
      until May 2007. For Pool 1 the Funding Amount includes no principal and
      $67,278.38 of interest; for Pool 2, the Funding Amount includes principal
      equaling $147,551.46 and interest equaling $70,127.52; for Pool 3, the Funding
      Amount includes principal equaling $10,073,803.36 and interest equaling
      $56,606.74; and for Pool 4, the Funding Amount includes principal equaling
      $345,502.13 and interest equaling $99,992.61. 

     

    For
      purposes of distributions to Certificateholders pursuant to Section 5.06, the
      Funding Amount with respect to Pool 1 shall equal a principal amount of $0.00
      plus interest in the amount of $67,278.38 at the Net WAC for Pool 1 for the
      first Distribution Date, with respect to Pool 2 shall equal a principal amount
      of $147,551.36 plus interest at the Net WAC for Pool 2 for the first
      Distribution Date, with respect to Pool 3 shall equal a principal amount of
      $10,073,803.36 plus interest at the Net WAC for Pool 3 for the first
      Distribution Date; and with respect to Pool 4 shall equal a principal amount
      of
      $345,502.13 plus interest at the Net WAC for Pool 4 for the first Distribution
      Date. To the extent that the total amount on deposit in the Funding Account
      exceeds the Funding Amount, such excess shall be distributed to the Depositor
      as
      described in Section 5.06.

     

    Global
      Securities:
      The
      global certificates representing the Book-Entry Certificates.

     

    GNMA:
      The
      Government National Mortgage Association, a wholly owned corporate
      instrumentality of the United States within HUD.

     

    Grantor
      Trust:
      Each of
      the “grantor trusts” (within the meaning of the Grantor Trust Provisions)
      described in Section 10.01 herein.

     

    Grantor
      Trust Assets:
      Any
      Prepayment Penalty Amounts collected with respect to Pool 1, Pool 2, Pool 3
      or
      Pool 4.

     

    Grantor
      Trust Provisions:
      Subpart
      E of Subchapter J of the Code, including Treasury regulation section
      301.7701-4(c)(2).

     

    Group
      2 Certificate:
      Any
      Class R-II, Class 2-A1 or Class 2-A2 Certificates. 

     

    
      
        
        

      

      
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    Group
      3 Certificate:
      Any
      Class 3-A1, Class 3-A2 or Class 3-AX Certificates. 

     

    Group
      I:
      All of
      the Group 1 Certificates. 

     

    Group
      I Certificate:
      Any of
      the Class 1-A1, Class 1-A2, Class 1-AX, Class M-1, Class M-2, Class M-3, Class
      M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates.

     

    Group
      I Net Rate:
      The per
      annum rate set forth in footnote 1 to the description of REMIC I-1 in the
      Preliminary Statement hereto (such rate being based on the weighted average
      of
      the interest rates on the SWAP REMIC Regular Interests as adjusted and as set
      forth in such footnote).

     

    Group
      I Net WAC:
      With
      respect to any Distribution Date (and the related Accrual Period), a per annum
      rate equal to (a) a fraction, expressed as a percentage, the numerator of which
      is the product of (i) the Optimal Interest Remittance Amount for Pool 1 for
      such
      date and (ii) 12, and the denominator of which is the Aggregate Loan Balance
      for
      Pool 1 as of the first day of the related Collection Period (not including
      for
      this purpose Mortgage Loans for which prepayments in full have been received
      and
      distributed in the month prior to that Distribution Date), multiplied by (b)
      a
      fraction, the numerator of which is 30 and the denominator of which is the
      actual number of days in the Accrual Period related to such Distribution
      Date.

     

    Group
      I Senior Priority:
      The
      priority of distributions on the Group I Senior Certificates described in
      Section 5.02(c)(i).

     

    Group
      I Senior Certificate:
      Any of
      the Class 1-A1, Class 1-A2 or Class 1-AX Certificates.

     

    Group
      I Subordinate Certificate:
      Any of
      the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7
      and Class M-8 Certificates.

     

    Group
      I Subordinate Priority:
      To the
      Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7
      and
      Class M-8 Certificates, sequentially in that order.

     

    Group
      II:
      All of
      the Group II Certificates.

     

    Group
      II Certificate:
      Any
      Class R-II, Class 2-A1, Class 2-A2, Class 3-A1, Class 3-A2, Class 3-AX, Class
      B1-II, Class B2-II, Class B3-II, Class B4-II, Class B5-II and Class B6-II
      Certificates. The Group II Certificates are related to Pool 2 and Pool
      3.

     

    Group
      II Certificate Group:
      Either
      of the Group 2 Certificates or the Group 3 Certificates.

     

    Group
      II Underlying Subordinate Rate:
      The
      weighted average of the Underlying Subordinate Rate for Pool 2 and Pool 3
      weighted by the corresponding Group Subordinate Amounts.

     

    Group
      III:
      All of
      the Group III Certificates.

     

    
      
        
        

      

      
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    Group
      III Certificate:
      Any
      Class R-III, Class 4-A1, Class 4-A2, Class 4-A3, Class 4-A4, Class 4-A5, Class
      4-AX, Class B1-III, Class B2-III, Class B3-III, Class B4-III, Class B5-III
      and
      Class B6-III Certificates. The Group III Certificates are related to Pool
      4.

     

    Group
      III Senior Certificate:
      Any of
      the Class R-III, Class 4-A1, Class 4-A2, Class 4-A3, Class 4-A4, Class 4-A5
      or
      Class 4-AX Certificates.

     

    Group
      Subordinate Amount:
      With
      respect to any Pool 2 or Pool 3 Mortgage Loans and any Distribution Date, the
      excess, if any, of the Pool Balance of such related Mortgage Pool for the
      immediately preceding Distribution Date (or in the case of the first
      Distribution Date, the aggregate Scheduled Principal Balance of the Mortgage
      Loans in such Mortgage Pool as of the Cut-off Date) over the sum of the
      aggregate of the Certificate Principal Amounts of the Senior Certificates of
      the
      related Certificate Group immediately prior to the related Distribution
      Date.

     

    Holder
      or
Certificateholder:
      The
      registered owner of any Certificate as recorded on the books of the Certificate
      Registrar except that, solely for the purposes of taking any action or giving
      any consent pursuant to this Agreement, any Certificate registered in the name
      of the Depositor, the Trustee, the Master Servicer, the Cap Counterparty, any
      Servicer, or any Affiliate thereof shall be deemed not to be outstanding in
      determining whether the requisite percentage necessary to effect any such
      consent has been obtained, except that, in determining whether the Trustee
      and
      any NIMS Insurer shall be protected in relying upon any such consent, only
      Certificates which a Responsible Officer of the Trustee knows to be so owned
      shall be disregarded. The Trustee and any NIMS Insurer may request and
      conclusively rely on certifications by the Depositor, the Master Servicer,
      any
      Servicer or the Cap Counterparty, in determining whether any Certificates are
      registered to an Affiliate of the Depositor, the Master Servicer, such Servicer
      or the Cap Counterparty, respectively.

     

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

     

    Indenture:
      An
      indenture relating to the issuance of notes secured by the Class X Certificates
      (or any portion thereof) which may or may not be guaranteed by a NIMS
      Insurer.

     

    Independent:
      When
      used with respect to any Accountants, a Person who is “independent” within the
      meaning of Rule 2-01(b) of the Securities and Exchange Commission’s Regulation
      S-X. 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.

     

    Interest
      Rate Cap Agreement:
      An
      interest rate cap agreement entered into on the Closing Date by the Trustee,
      not
      individually but solely in its capacity as Trustee of the Trust Fund, with
      the
      Cap Counterparty, for the benefit of the Class 1-A1 and Class 1-A2 Certificates
      and the Group I Subordinate Certificates. 

     

    
      
        
        

      

      
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    Initial
      LIBOR Rate:
      5.320%.

     

    Initial
      MTA Rate:
      Not
      applicable.

     

    Initial
      Net Mortgage Rate:
      Not
      applicable.

     

    Initial
      Optional Termination Date:
      For
      Group I, the Distribution Date following the month in which the Pool Balance
      for
      Pool 1 initially declines to less than 10% of the Pool Balance for Pool 1 as
      of
      the Cut-off Date.

     

    Initial
      Senior Enhancement Percentage:
      4.50%
      for Group II and 4.25% for Group III.

     

    Insurance
      Policy:
      Any
      Primary Mortgage Insurance Policy and any standard hazard insurance policy,
      flood insurance policy, earthquake insurance policy or title insurance policy
      relating to the Mortgage Loans or the Mortgaged Properties, to be in effect
      as
      of the Closing Date or thereafter during the term of this
      Agreement.

     

    Insurance
      Proceeds:
      Amounts
      paid by the insurer under any Insurance Policy, other than amounts (i) to cover
      expenses incurred by or on behalf of the applicable Servicer in connection
      with
      procuring such proceeds, (ii) to be applied to restoration or repair of the
      related Mortgaged Property or (iii) required to be paid over to the Mortgagor
      pursuant to law or the related Mortgage Note.

     

    Interest
      Distribution Amount:
      Not
      applicable.

     

    Interest
      Remittance Amount:
      For any
      Distribution Date and Group I, an amount equal to (a) the sum of (1) all
      interest collected (other than Payaheads) or advanced in respect of Scheduled
      Payments on the Mortgage Loans in Pool 1 during the related Collection Period
      by
      the Servicers, the Master Servicer or the Trustee (solely in its capacity as
      successor master servicer) minus (x) the Servicing Fee with respect to such
      Mortgage Loans in Pool 1 and (y) previously unreimbursed Advances, unreimbursed
      servicing advances and other amounts due to the Master Servicer, the Servicers
      or the Trustee (solely in its capacity as successor master servicer) with
      respect to such Mortgage Loans in Pool 1, to the extent allocable to interest,
      (2) all Compensating Interest paid by the Servicers with respect to such
      Mortgage Loans in Pool 1 with respect to the related Prepayment Period (or
      in
      the case of Mortgage Loans serviced by Aurora, the related Collection Period),
      (3) the portion of any purchase price (or FPD Purchase Price (excluding any
      FPD
      Premiums) payable with respect to a Early Payment Default Mortgage Loan) or
      Substitution Amount paid with respect to such Mortgage Loans in Pool 1 during
      the related Prepayment Period (or in the case of Mortgage Loans serviced by
      Aurora, the related Collection Period) allocable to interest and (4) all Net
      Liquidation Proceeds and any other recoveries collected with respect to such
      Mortgage Loans in Pool 1 during the related Prepayment Period (or in the case
      of
      Mortgage Loans serviced by Aurora, the related Collection Period), to the extent
      allocable to interest, as reduced by (b) any costs, expenses or liabilities
      related to such Mortgage Pool and reimbursable to the Master Servicer, any
      Servicer, the Custodians and the Trustee.

     

    Interest
      Shortfall:
      With
      respect to any Class of Certificates and any Distribution Date, any Accrued
      Certificate Interest not distributed (or added to principal) with respect to
      any
      previous Distribution Date, other than any Net Prepayment Interest
      Shortfalls.

     

    
      
        
        

      

      
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    Intervening
      Assignments:
      The
      original intervening assignments of the Mortgage, notice of transfer or
      equivalent instrument.

     

    IRS:
      The
      Internal Revenue Service.

     

    Latest
      Possible Maturity Date:
      The
      Distribution Date in April 2037.

     

    Lehman
      Brothers Holdings:
      Lehman
      Brothers Holdings Inc., or any successor in interest.

     

    LIBOR:
      With
      respect to the first Accrual Period, the Initial LIBOR Rate. With respect to
      each subsequent Accrual Period, a per annum rate determined on the LIBOR
      Determination Date in the following manner by the Trustee on the basis of the
      “Interest Settlement Rate” set by the British Bankers’ Association (the “BBA”)
      for one-month United States dollar deposits, as such rates appear on the
      Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination
      Date.

     

    If
      on
      such a LIBOR Determination Date, the BBA’s Interest Settlement Rate does not
      appear on the Telerate Page 3750 as of 11:00 a.m. (London time), or if the
      Telerate Page 3750 is not available on such date, the Trustee will obtain such
      rate from Reuters’ “page LIBOR 01” or Bloomberg’s page “BBAM.” If such rate is
      not published for such LIBOR Determination Date, LIBOR for such date will be
      the
      most recently published Interest Settlement Rate. In the event that the BBA
      no
      longer sets an Interest Settlement Rate, the Trustee will designate an
      alternative index that has performed, or that the Trustee expects to perform,
      in
      a manner substantially similar to the BBA’s Interest Settlement Rate. The
      Trustee will select a particular index as the alternative index only if it
      receives an Opinion of Counsel (a copy of which shall be furnished to any NIMS
      Insurer), which opinion shall be an expense reimbursed from the Certificate
      Account pursuant to Section 4.04, that the selection of such index will not
      cause any of the REMICs to lose their classification as REMICs for federal
      income tax purposes.

     

    The
      establishment of LIBOR by the Trustee and the Trustee’s subsequent calculation
      of the Certificate Interest Rate applicable to the LIBOR Certificates for the
      relevant Accrual Period, in the absence of manifest error, will be final and
      binding.

     

    LIBOR
      Available Funds Cap:
      Not
      applicable.

     

    LIBOR
      Business Day:
      Any day
      on which banks in London, England and The City of New York are open and
      conducting transactions in foreign currency and exchange.

     

    LIBOR
      Certificate:
      Any
      Group I Certificate.

     

    LIBOR
      Component:
      Not
      applicable.

     

    LIBOR
      Determination Date:
      The
      second LIBOR Business Day immediately preceding the commencement of each Accrual
      Period (other than the first Accrual Period) for any LIBOR
      Certificates.

     

    
      
        
        

      

      
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    Liquidated
      Mortgage Loan:
      Any
      defaulted Mortgage Loan as to which the Master Servicer or the applicable
      Servicer has determined that all amounts that it expects to recover on behalf
      of
      the Trust Fund from or on account of such Mortgage Loan have been
      recovered.

     

    Liquidation
      Expenses:
      Expenses that are incurred by the Master Servicer or any Servicer in connection
      with the liquidation of any defaulted Mortgage Loan and are not recoverable
      under the applicable Primary Mortgage Insurance Policy, including, without
      limitation, foreclosure and rehabilitation expenses, legal expenses and
      unreimbursed amounts expended pursuant to Sections 9.06, 9.16 or
      9.22.

     

    Liquidation
      Proceeds:
      Cash
      received in connection with the liquidation of a defaulted Mortgage Loan,
      whether through the sale or assignment of such Mortgage Loan, trustee’s sale,
      foreclosure sale or otherwise, or the sale of the related Mortgaged Property
      (including any Additional Collateral) if the Mortgaged Property (including
      such
      Additional Collateral) is acquired in satisfaction of the Mortgage Loan,
      including any amounts remaining in the related Escrow Account.

     

    Loan-to-Value
      Ratio:
      With
      respect to any Mortgage Loan, the ratio of the principal balance of such
      Mortgage Loan at origination, or such other date as is specified, to the
      Original Value thereof.

     

    Losses:
      As
      defined in Section 10.03.

     

    Lower
      Tier Interest:
      Any of the SWAP REMIC Interests, REMIC I-1 Interests, REMIC I-2 Interests,
      REMIC
      II-1 Interests, REMIC II-2 Interests or REMIC III-1 Interests.

     

    M-1
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates, after giving effect to distributions on
      such
      Distribution Date, and (ii) the Class Principal Amount of the Class M-1
      Certificates immediately prior to such Distribution Date exceeds (y) the M-1
      Target Amount.

     

    M-1
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      91.40% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-2
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1 Certificates, after giving
      effect to distributions on such Distribution Date, and (ii) the Class Principal
      Amount of the Class M-2 Certificates immediately prior to such Distribution
      Date
      exceeds (y) the M-2 Target Amount.

     

    M-2
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      92.80% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    M-3
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1 and Class M-2 Certificates,
      after giving effect to distributions on such Distribution Date, and (ii) the
      Class Principal Amount of the Class M-3 Certificates immediately prior to such
      Distribution Date exceeds (y) the M-3 Target Amount.

     

    M-3
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      93.80% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-4
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1, Class M-2 and Class M-3
      Certificates, after giving effect to distributions on such Distribution Date,
      and (ii) the Class Principal Amount of the Class M-4 Certificates immediately
      prior to such Distribution Date exceeds (y) the M-4 Target Amount.

     

    M-4
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      94.90% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-5
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1, Class M-2, Class M-3 and
      Class
      M-4 Certificates, after giving effect to distributions on such Distribution
      Date, and (ii) the Class Principal Amount of the Class M-5 Certificates
      immediately prior to such Distribution Date exceeds (y) the M-5 Target
      Amount.

     

    M-5
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      95.90% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-6
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1, Class M-2, Class M-3, Class
      M-4 and Class M-5 Certificates, after giving effect to distributions on such
      Distribution Date, and (ii) the Class Principal Amount of the Class M-6
      Certificates immediately prior to such Distribution Date exceeds (y) the M-6
      Target Amount.

     

    
      
        
        

      

      
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    M-6
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      97.30% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-7
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1, Class M-2, Class M-3, Class
      M-4, Class M-5 and Class M-6 Certificates, after giving effect to distributions
      on such Distribution Date, and (ii) the Class Principal Amount of the Class
      M-7
      Certificates immediately prior to such Distribution Date exceeds (y) the M-7
      Target Amount.

     

    M-7
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      98.30% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    M-8
      Principal Distribution Amount:
      For any
      Distribution Date, an amount equal, on or after the Stepdown Date and as long
      as
      a Trigger Event is not in effect with respect to such Distribution Date, to
      the
      amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount
      of the Group I Senior Certificates and Class M-1, Class M-2, Class M-3, Class
      M-4, Class M-5, Class M-6 and Class M-7 Certificates, after giving effect to
      distributions on such Distribution Date, and (ii) the Class Principal Amount
      of
      the Class M-8 Certificates immediately prior to such Distribution Date exceeds
      (y) the M-8 Target Amount.

     

    M-8
      Target Amount:
      For any
      Distribution Date, an amount equal to the lesser of (a) the product of (1)
      99.00% and (2) the Pool Balance of Pool 1 for such Distribution Date determined
      as of the last day of the related Collection Period and (b) the amount, if
      any,
      by which (1) the Pool Balance of Pool 1 for such Distribution Date determined
      as
      of the last day of the related Collection Period exceeds (2) the
      Overcollateralization Floor.

     

    Maintenance:
      Not
      applicable.

     

    Master
      Servicer:
      Aurora
      Loan Services LLC, or any successor in interest, or if any successor master
      servicer shall be appointed as herein provided, then such successor master
      servicer.

     

    Master
      Servicing Fee:
      As to
      any Distribution Date and each Mortgage Loan, an amount equal to the product
      of
      the Master Servicing Fee Rate and the Scheduled Principal Balance of such
      Mortgage Loan as of the first day of the related Due Period. The Master
      Servicing Fee for any Mortgage Loan shall be payable in respect of any
      Distribution Date solely from the interest portion of the Scheduled Payment
      or
      other payment or recovery with respect to such Mortgage Loan.

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

     

    Master
      Servicing Fee Rate:
      With
      respect to each Mortgage Loan (other than any Participation), 0.000% per
      annum.

     

    Material
      Defect:
      As
      defined in Section 2.02(c) hereof.

     

    MERS:
      Mortgage Electronic Registration Systems, Inc., a Delaware corporation, or
      any
      successor in interest thereto.

     

    MERS
      Mortgage Loan:
      Any
      Mortgage Loan as to which the related Mortgage, or an Assignment of Mortgage,
      has been or will be recorded in the name of MERS, as agent for the holder from
      time to time of the Mortgage Note.

     

    Monthly
      Excess Cashflow:
      For
      Group I and for any Distribution Date, an amount equal to the sum of (i) the
      Monthly Excess Interest for such Distribution Date, (ii) the
      Overcollateralization Release Amount for such Distribution Date and (iii) any
      remaining Principal Distribution Amount for Group I for such Distribution Date,
      available for distribution pursuant to Section 5.02(c)(i)(E) or Section
      5.02(c)(ii)(L) hereof.

     

    Monthly
      Excess Interest:
      With
      respect to any Distribution Date, the amount of any Interest Remittance Amount
      for Group I remaining after application pursuant to clauses (i) through (iv)
      of
      Section 5.02(b) on such date.

     

    Moody’s:
      Moody's
      Investors Services, Inc, or any successor in interest.

     

    Mortgage:
      A
      mortgage, deed of trust or other instrument encumbering a fee simple interest
      in
      real property securing a Mortgage Note, together with improvements
      thereto.

     

    Mortgage
      File:
      The
      mortgage documents listed in Section 2.01(b) pertaining to a particular Mortgage
      Loan required to be delivered to the Trustee or a Custodian pursuant to this
      Agreement.

     

    Mortgage
      Loan:
      A
      Mortgage and the related notes or other evidences of indebtedness secured by
      each such Mortgage conveyed, transferred, sold, assigned to or deposited with
      the Trustee pursuant to Section 2.01 or Section 2.05, including without
      limitation, each Mortgage Loan listed on the Mortgage Loan Schedule, as amended
      from time to time. In addition, as used herein the term “Mortgage Loan” includes
      the Participations, except where otherwise specified or where the context
      requires otherwise.

     

    Mortgage
      Loan Sale Agreement:
      The
      agreement, dated as of March 1, 2007, for the sale of certain Mortgage Loans
      by
      Lehman Brothers Holdings to the Depositor.

     

    Mortgage
      Loan Schedule:
      The
      schedule attached hereto as Schedule A, which shall identify each Mortgage
      Loan,
      as such schedule may be amended from time to time to reflect the addition of
      Mortgage Loans to, or the deletion of Mortgage Loans from, the Trust Fund.
      The
      Mortgage Loan Schedule shall include, among other information agreed upon by
      the
      Depositor, the Master Servicer, the applicable Servicer and the Trustee, data
      fields specifying the terms and method of calculation of any Prepayment Penalty
      Amount with respect to each Mortgage Loan. The Depositor shall be responsible
      for providing the Trustee and the Master Servicer with all amendments to the
      Mortgage Loan Schedule.

     

    
      
        
        

      

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

     

    Mortgage
      Pool:
      Any of
      Pool 1, Pool 2, Pool 3 or Pool 4.

     

    Mortgage
      Rate:
      As to
      any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage
      Loan.

     

    Mortgaged
      Property:
      Either
      of (x) the fee simple interest in real property, together with improvements
      thereto including any exterior improvements to be completed within 120 days
      of
      disbursement of the related Mortgage Loan proceeds, or (y) in the case of a
      Cooperative Loan, the related Cooperative Shares and Proprietary Lease, securing
      the indebtedness of the Mortgagor under the related Mortgage Loan.

     

    Mortgagor:
      The
      obligor on a Mortgage Note.

     

    Negative
      Amortization:
      Not
      applicable.

     

    Negative
      Amortization Certificate:
      None.

     

    Net
      Funds Cap:
      With
      respect to any Distribution Date, and for the Class 1-A1 and Class 1-A2
      Certificates and the Group I Subordinate Certificates, an annual rate equal
      to
      (a) a fraction, expressed as a percentage, the numerator of which is the product
      of (1) the excess, if any, of (x) the Optimal Interest Remittance Amount for
      such date over (y) the product of (i) any Net Swap Payment or Swap Termination
      Payment (not due to a Swap Counterparty Trigger Event) owed to the Swap
      Counterparty for such Distribution Date, and (2) 12, and the denominator of
      which is the Pool Balance for Pool 1 as of the first day of the related
      Collection Period (not including for this purpose Mortgage Loans for which
      prepayments in full have been received and distributed in the month prior to
      that Distribution Date), multiplied by (b) a fraction, the numerator of which
      is
      30 and the denominator of which is the actual number of days in the Accrual
      Period related to such Distribution Date; provided that, solely for the first
      Distribution Date, the Mortgage Loans that did not provide for an interest
      payment due during April 2007 shall be disregarded.

    

    Net
      Liquidation Proceeds:
      With
      respect to any Liquidated Mortgage Loan, the related Liquidation Proceeds net
      of
      unreimbursed expenses incurred in connection with liquidation or foreclosure
      and
      unreimbursed Advances, Servicing Advances and Servicing Fees received and
      retained in connection with the liquidation of such Mortgage Loan.

     

    
      
        
        

      

      
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    Net
      Mortgage Rate:
      With
      respect to any Mortgage Loan, the Mortgage Rate thereof reduced by the sum
      of
      the applicable Master Servicing Fee Rate, Trustee Fee Rate, Servicing Fee Rate
      and any mortgage insurance premium rate (if applicable).

     

    Net
      Prepayment Interest Shortfall:
      With
      respect to any Deposit Date, the excess, if any, of any Prepayment Interest
      Shortfalls with respect to the Mortgage Loans in such Mortgage Pool for such
      date over the sum of any amounts paid by the applicable Servicer with respect
      to
      such shortfalls and any amount that is required to be paid by the Master
      Servicer in respect of such shortfalls pursuant to this Agreement.

     

    Net
      Swap Payment:
      With
      respect to each Distribution Date, the net payment required to be made pursuant
      to the terms of the Swap Agreement, which net payment shall not take into
      account any Swap Termination Payment, and any unpaid amounts due on previous
      Swap Payment Dates and accrued interest thereon as provided in the Swap
      Agreement, as calculated by the Swap Counterparty and furnished to the Trustee.
      

     

    Net
      WAC:
      With
      respect to each Mortgage Pool or portion thereof and any Distribution Date,
      the
      weighted average of Net Mortgage Rates of the Mortgage Loans in the related
      Mortgage Pool or portion thereof at the beginning of the related Due Period,
      weighted on the basis of their Scheduled Principal Balances at the beginning
      of
      the related Due Period, provided that, solely for the first Distribution Date,
      Mortgage Loans that did not provide for an interest payment due during April
      2007 shall be disregarded.

     

    NIM
      Redemption Amount:
      As
      defined in Section 7.01(b).

     

    NIM
      Securities:
      Any net
      interest margin securities issued subsequent to the Closing Date by an owner
      trust or other special purpose entity, the principal assets of such trust or
      other entity including the Class X or Class 1-AP Certificates and the payments
      received thereon, which principal assets back such securities.

     

    NIMS
      Agreement:
      Any
      agreement pursuant to which any NIM Securities are issued.

     

    NIMS
      Insurer:
      One or
      more insurers issuing financial guaranty insurance policies in connection with
      the issuance of NIM Securities.

     

    Non-AP
      Percentage:
      Not
      applicable.

     

    Non-AP
      Senior Certificate:
      Not
      applicable.

     

    Non-Book-Entry
      Certificate:
      Any
      Certificate other than a Book-Entry Certificate.

     

    Non-Discount
      Mortgage Loan:
      None.

     

    Non-MERS
      Mortgage Loan:
      Any
      Mortgage Loan other than a MERS Mortgage Loan.

     

    Non-permitted
      Foreign Holder:
      As
      defined in Section 3.03(f).

     

    
      
        
        

      

      
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    Non-U.S.
      Person:
      Any
      person other than (i) a citizen or resident of the United States; (ii) a
      corporation (or entity treated as a corporation for tax purposes) created or
      organized in the United States or under the laws of the United States or of
      any
      state thereof, including, for this purpose, the District of Columbia; (iii)
      a
      partnership (or entity treated as a partnership for tax purposes) organized
      in
      the United States or under the laws of the United States or of any state
      thereof, including, for this purpose, the District of Columbia (unless provided
      otherwise by future Treasury regulations); (iv) an estate whose income is
      includible in gross income for United States income tax purposes regardless
      of
      its source; or (v) a trust, if a court within the United States is able to
      exercise primary supervision over the administration of the trust and one or
      more U.S. Persons have authority to control all substantial decisions of the
      trust. Notwithstanding the last clause of the preceding sentence, to the extent
      provided in Treasury regulations, certain trusts in existence on August 20,
      1996, and treated as U.S. Persons prior to such date, may elect to continue
      to
      be U.S. Persons.

     

    Notional
      Amount:
      With
      respect to any Notional Certificate and any Distribution Date, such
      Certificate’s Percentage Interest of the Class Notional Amount of such Class of
      Certificates for such Distribution Date.

     

    Notional
      Certificate:
      The
      Class 1-AX, Class 3-AX and Class 4-AX Certificates.

     

    Notional
      Component:
      Not
      applicable.

     

    Offering
      Document:
      Either
      of the private placement memorandum dated March 29, 2007 relating to the
      Privately Offered Certificates or the Prospectus.

     

    Officer’s
      Certificate:
      A
      certificate signed by the Chairman of the Board, any Vice Chairman, the
      President, any Vice President or any Assistant Vice President of a Person,
      and
      in each case delivered to the Trustee.

     

    One-Year
      MTA:
      Not
      applicable.

     

    Opinion
      of Counsel:
      A
      written opinion of counsel, reasonably acceptable in form and substance to
      the
      Trustee, and who may be in-house or outside counsel to the Depositor, the Master
      Servicer or the applicable Servicer but which must be Independent outside
      counsel with respect to any such opinion of counsel concerning the transfer
      of
      any Residual Certificate or concerning certain matters with respect to ERISA,
      or
      the taxation, or the federal income tax status, of each REMIC. For purpose
      of
      Section 2.01(c)(i), the Opinion of Counsel referred to therein may take the
      form
      of a memorandum of law or other acceptable assurance.

     

    Optimal
      Interest Remittance Amount:
      For
      Group I and for each Distribution Date, the product of (A) (x) the weighted
      average of the Net Mortgage Rates for the Pool 1 Mortgage Loans based on their
      Scheduled Principal Balances as of the first day of the related Collection
      Period divided by (y) 12 and (B) the Pool Balance for Pool 1 as of the first
      day
      of the related Collection Period (not including for this purpose Pool 1 Mortgage
      Loans for which prepayments in full have been received and distributed in the
      month prior to that Distribution Date); provided that, solely for the first
      Distribution Date, the Mortgage Loans that did not provide for an interest
      payment due during April 2007 shall be disregarded.

     

    
      
        
        

      

      
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    Original
      Credit Support Percentage:
      With
      respect to any Class of Subordinate Certificates, the Credit Support Percentage
      with respect to such Class on the Closing Date.

     

    Original
      Group Subordinate Amount:
      As to
      either of Pool 2, Pool 3 or Pool 4, the Group Subordinate Amount for such
      Mortgage Pool as of the first Distribution Date.

     

    Original
      Value:
      The
      lesser of (a) the Appraised Value of a Mortgaged Property at the time the
      related Mortgage Loan was originated and (b) if the Mortgage Loan was made
      to
      finance the acquisition of the related Mortgaged Property, the purchase price
      paid for the Mortgaged Property by the Mortgagor at the time the related
      Mortgage Loan was originated.

     

    Originators:
      The
      Bank, American Home Mortgage Corporation, Countrywide Home Loans, Inc., Freedom
      Mortgage Corp., Home Loan Corporation, PHH Mortgage Corporation, Meridias
      Capital, Inc., Mortgage IT, Inc., Residential Funding Company LLC and Shea
      Mortgage Inc. and other banks, savings and loans associations and other mortgage
      lending institutions.

     

    Overcollateralization
      Amount:
      For
      Group I and for any Distribution Date, the amount, if any, by which (x) the
      Pool
      Balance for Pool 1 for such Distribution Date exceeds (y) the aggregate Class
      Principal Amount of the Group I Certificates after giving effect to
      distributions on such Distribution Date.

     

    Overcollateralization
      Deficiency:
      For
      Group I and for any Distribution Date, the amount, if any, by which (x) the
      Targeted Overcollateralization Amount exceeds (y) the Overcollateralization
      Amount for such Distribution Date, calculated for this purpose after giving
      effect to the reduction on such Distribution Date of the Certificate Principal
      Amounts of the Group I Certificates resulting from the distribution of the
      Principal Distribution Amount relating to Group I, but prior to allocation
      of
      any Applied Loss Amount on such Distribution Date to the Group I
      Certificates.

     

    Overcollateralization
      Floor:
      For
      Group I, an amount equal to 0.35% of the Pool Balance for Pool 1 as of the
      Cut-off Date.

     

    Overcollateralization
      Release Amount:
      For any
      Distribution Date, an amount equal to the lesser of (x) the Principal Remittance
      Amount related to the Pool 1 Mortgage Loans for such Distribution Date and
      (y)
      the amount, if any, by which (1) the Overcollateralization Amount for such
      date
      (calculated for this purpose on the basis of the assumption that 100% of the
      Principal Remittance Amount for Group I for such date is applied in reduction
      of
      the Certificate Principal Amounts of the Group I Certificates) exceeds (2)
      the
      Targeted Overcollateralization Amount.

     

    Parent
      PowerSM
      Loan:
      Not
      applicable.

     

    Participation
      Agreement:
      Not
      applicable.

     

    Participation:
      Not
      applicable.

     

    Participation
      Schedule:
      Not
      applicable.

     

    Participation
      Master Servicer:
      Not
      applicable.

     

    
      
        
        

      

      
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    Paying
      Agent:
      Any
      paying agent appointed pursuant to Section 3.08.

     

    PCAOB:
      The
      Public Company Accounting Oversight Board.

     

    Percentage
      Interest:
      When
      used to establish minimum denominations and otherwise with respect to a class
      of
      Certificates other than the Class X, Class P and Class R Certificates, the
      fraction, expressed as a percentage, the numerator of which is that
      Certificate’s Certificate Principal Amount or Notional Amount and the
      denominator of which is the applicable Class Principal Amount or Class Notional
      Amount. When used to determine voting rights of Certificateholders, for any
      Certificate other than a Notional Certificate or the Class X, Class P and Class
      R Certificates, the fraction, expressed as a percentage, the numerator of which
      is that Certificate’s Certificate Principal Amount and the denominator of which
      is the total of the Class Principal Amounts of all such classes of Certificates;
      and the Percentage Interest of a Notional Certificate will be the fraction,
      expressed as a percentage, the numerator of which is that Certificate’s Notional
      Amount and the denominator of which is the total of the Class Notional Amounts
      of all such Classes of Certificates. With respect to any Class X, Class P and
      Class R Certificates, the Percentage Interest evidenced thereby shall be as
      specified on the face thereof.

     

    Permitted
      Servicing Amendment:
      Any amendment to any Servicing Agreement pursuant to Section 11.03(a)(iii)
      hereunder in connection with any servicing transfer or transfer of any servicing
      rights. 

     

    Permitted
      Transferee:
      As
      defined in Section 3.03(f).

     

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

     

    Plan:
      As
      defined in Section 3.03(d).

     

    Placement
      Agent:
      Lehman
      Brothers Inc.

     

    Plan
      Asset Regulations:
      Not
      applicable.

     

    Pledged
      Asset Loan-to-Value Ratio:
      Not
      applicable.

     

    Pledged
      Asset Mortgage Loan:
      Not
      applicable.

     

    Pool
      1:
      The
      aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as
      being included in Pool 1.

     

    Purchase
      Price:
      For
      Group I, an amount equal to the sum of (a) 100% of the aggregate outstanding
      principal balance of the Pool 1 Mortgage Loans plus accrued interest thereon
      at
      the applicable Mortgage Rate from the date as to which interest was last paid
      to
      (but not including) the Due Date in the Collection Period immediately preceding
      the related Distribution Date, (b) the fair market value of all other property
      being purchased relating to the Pool 1 Mortgage Loans (reduced, in the case
      of
      REO Property relating to the Pool 1 Mortgage Loans, by (1) reasonably
      anticipated disposition costs and (2) any amount by which the fair market value
      as so reduced exceeds the outstanding principal balance of the related Mortgage
      Loan plus accrued interest thereon at the applicable Mortgage Rate), (c) any
      unreimbursed servicing advances and amounts due to the Trustee, Master Servicer,
      Servicers and Custodians related to Group I for the related Distribution Date
      and (d) any Swap Termination Payment payable to the Swap Counterparty due to
      the
      exercise of the Master Servicer’s option to purchase the Pool 1 Mortgage
      Loans.

     

    
      
        
        

      

      
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    Pool
      2:
      The
      aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as
      being included in Pool 2.

     

    Pool
      3:
      The
      aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as
      being included in Pool 3.

     

    Pool
      2
      Certificate:
      Any of
      the Class R-II, Class 2-A1 and Class 2-A2 Certificates.

     

    Pool
      3
      Certificate:
      Any of
      the Class 3-A1, Class 3-A2, Class 3-AX Certificates.

     

    Pool
      Balance:
      As to
      each Mortgage Pool and any Distribution Date, the sum of the Scheduled Principal
      Balance of the Mortgage Loans included in such Mortgage Pool.

     

    Pool
      Subordinate Amount:
      Not
      Applicable.

     

    Prepayment
      Interest Excess:
      With
      respect to any Distribution Date and any Principal Prepayment in full received
      on the Mortgage Loans serviced by Aurora from the first day through the
      sixteenth day of the month during which such Distribution Date occurs, all
      amounts paid in respect of interest at the applicable Net Mortgage Rate on
      such
      Principal Prepayment in full.

     

    Prepayment
      Interest Shortfall:
      With
      respect to any Distribution Date and (x) any Principal Prepayment in part and,
      with respect to those Mortgage Loans serviced by Servicers other than Aurora,
      any Principal Prepayment in full, (y) any Principal Prepayment in full with
      respect to those Mortgage Loans serviced by Aurora if received on or after
      the
      seventeenth day of the month immediately preceding the month of such
      Distribution Date but on or before the last day of the month immediately
      preceding the month of such Distribution Date and (z) any Principal Prepayment
      in full or in part with respect to those Mortgage Loans serviced by Countrywide
      Home Loans Servicing LP if received on or after the second day of the month
      immediately preceding the month of such Distribution Date but on or before
      the
      last day of the month immediately preceding the month of such Distribution
      Date,
      the difference between (i) one full month’s interest at the applicable Mortgage
      Rate (after giving effect to any applicable Relief Act Reduction), as reduced
      by
      the applicable Servicing Fee Rate and the Master Servicing Fee Rate on the
      outstanding principal balance of such Mortgage Loan immediately prior to such
      prepayment and (ii) the amount of interest actually received with respect to
      such Mortgage Loan in connection with such Principal Prepayment.

     

    Prepayment
      Penalty Amounts:
      With
      respect to any Distribution Date, all premiums or charges paid by the obligors
      under the related Mortgage Notes due to Principal Prepayments collected by
      the
      applicable Servicer during the immediately preceding Prepayment Period, if
      any.

     

    Prepayment
      Period:
      For
      each Distribution Date and for any Principal Prepayment in part or in full
      (including any liquidation) (except Principal Prepayments in part or in full
      received by Countrywide Home Loans Servicing LP and Principal Prepayments in
      full received by Aurora), the calendar month immediately preceding the month
      in
      which such Distribution Date occurs. For each Distribution Date and a Principal
      Prepayment in full (including any liquidation) received by Aurora, the period
      from the seventeenth (or, in the case of the first Distribution Date, the first)
      day of the month immediately preceding the month of such Distribution Date
      through the sixteenth day of the month of such Distribution Date. For each
      Distribution Date and for a Principal Prepayment in part or in full (including
      any liquidation) received by Countrywide Servicing related to each Distribution
      Date, the 2nd
      day (or,
      in the case of the first Distribution Date, the 1st)
      of the
      calendar month immediately preceding the month in which such Distribution Date
      occurs through the first day of the calendar month in which such Distribution
      Date occurs.

     

    
      
        
        

      

      
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    Primary
      Mortgage Insurance Policy:
      Mortgage guaranty insurance, if any, on an individual Mortgage Loan, as
      evidenced by a policy or certificate.

     

    Principal
      Amount Schedules:
      Not
      applicable.

     

    Principal
      Distribution Amount:
      For
      Group I and for any Distribution Date, an amount equal to the Principal
      Remittance Amount for such date for Pool 1 minus the Overcollateralization
      Release Amount, if any, for such Distribution Date.

     

    Principal
      Only Certificate:
      Not
      applicable.

     

    Principal
      Prepayment:
      Any
      Mortgagor payment of principal (other than a Balloon Payment) or other recovery
      of principal on a Mortgage Loan that is recognized as having been received
      or
      recovered in advance of its scheduled Due Date and applied to reduce the
      principal balance of the Mortgage Loan in accordance with the terms of the
      Mortgage Note or the applicable Servicing Agreement.

     

    Principal
      Remittance Amount:
      For
      Group I and for any Distribution Date, an amount equal to (a) the sum of (1)
      all
      principal collected (other than Payaheads) or advanced in respect of Scheduled
      Payments on the Mortgage Loans in Pool 1 during the related Collection Period
      by
      the related Servicers or the Master Servicer (less unreimbursed Advances due
      to
      the Master Servicer, any Servicer or the Trustee (solely in its capacity as
      successor master servicer) with respect to such Mortgage Loans, to the extent
      allocable to principal, and any unreimbursed servicing advances), (2) all
      prepayments in full or in part received on the Mortgage Loans in Pool 1 during
      the related Prepayment Period (or in the case of Mortgage Loans serviced by
      Aurora, the related Collection Period), (3) the outstanding principal balance
      of
      each Mortgage Loan in Pool 1 that was repurchased by the Seller or the related
      Transferor during the related Prepayment Period (or, in the case of Mortgage
      Loans serviced by Aurora, the related Collection Period) or the NIMS Insurer
      (in
      the case of certain Mortgage Loans 90 days or more delinquent), (4) the
      principal portion of any Substitution Amount paid with respect to any replaced
      Mortgage Loan in Pool 1 during the related Prepayment Period (or, in the case
      of
      Mortgage Loans serviced by Aurora, the related Collection Period) allocable
      to
      principal and (5) all Net Liquidation Proceeds, Insurance Proceeds and any
      other
      recoveries collected with respect to the Mortgage Loans in Pool 1 during the
      related Prepayment Period (or, in the case of Mortgage Loans serviced by Aurora,
      the related Collection Period), to the extent allocable to principal, minus
      (b)
      any other costs, expenses or liabilities reimbursable to the Master Servicer,
      a
      Servicer, the Custodians and the Trustee as applicable to Pool 1 from the
      Interest Remittance Amount described in clause (b) of the definition thereof
      and
      not reimbursed therefrom or otherwise.

     

    
      
        
        

      

      
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    Privately
      Offered Certificates:
      The
      Class B4-II, Class B5-II, Class B6-II, Class B4-III, Class B5-III, Class B6-III,
      the Class 1-AP, Class 2-AP, Class 3-AP and Class 4-AP Certificates.

     

    Proceeding:
      Not
      applicable.

     

    Proprietary
      Lease:
      With
      respect to any Cooperative Unit, a lease or occupancy agreement between a
      Cooperative Corporation and a holder of related Cooperative Shares.

     

    Prospectus:
      The
      prospectus supplement dated March 29, 2007, together with the accompanying
      prospectus dated March 26, 2007, relating to the Senior Certificates and the
      Subordinate Certificates.

     

    Purchase
      Price:
      With
      respect to the repurchase of a Mortgage Loan pursuant to this Agreement, an
      amount equal to the sum of (a) 100% of the unpaid principal balance of such
      Mortgage Loan, (b) accrued interest thereon at the Mortgage Rate, from the
      date
      as to which interest was last paid to (but not including) the Due Date
      immediately preceding the next Distribution Date, (c) any unreimbursed Servicing
      Advances with respect to such Mortgage Loan and (d) any costs and damages
      incurred by the Trust Fund (or the Trustee) in connection with any violation
      by
      such Mortgage Loan of any predatory- or abusive-lending law. The Master Servicer
      or the applicable Servicer (or the Trustee, if applicable) shall be reimbursed
      from the Purchase Price for any Mortgage Loan or related REO Property for any
      Advances made with respect to such Mortgage Loan that are reimbursable to the
      Master Servicer, such Servicer or the Trustee under this Agreement or the
      applicable Servicing Agreement, as well as any unreimbursed Servicing Advances
      and accrued and unpaid Master Servicing Fees or Servicing Fees, as
      applicable.

     

    QIB:
      As
      defined in Section 3.03(c).

     

    Qualified
      GIC:
      A
      guaranteed investment contract or surety bond providing for the investment
      of
      funds in the Collection Account or the Certificate Account and insuring a
      minimum, fixed or floating rate of return on investments of such funds, which
      contract or surety bond shall:

     

    (a) be
      an
      obligation of an insurance company or other corporation whose long-term debt
      is
      rated by each Rating Agency in one of its two highest rating categories or,
      if
      such insurance company has no long-term debt, whose claims paying ability is
      rated by each Rating Agency in one of its two highest rating categories, and
      whose short-term debt is rated by each Rating Agency in its highest rating
      category;

     

    (b)  provide
      that the Trustee may exercise all of the rights under such contract or surety
      bond without the necessity of taking any action by any other
      Person;

     

    (c)  provide
      that if at any time the then current credit standing of the obligor under such
      guaranteed investment contract is such that continued investment pursuant to
      such contract of funds would result in a downgrading of any rating of the
      Certificates or the NIM Securities, the Trustee shall terminate such contract
      without penalty and be entitled to the return of all funds previously invested
      thereunder, together with accrued interest thereon at the interest rate provided
      under such contract to the date of delivery of such funds to the
      Trustee;

     

    
      
        
        

      

      
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    (d)  provide
      that the Trustee’s interest therein shall be transferable to any successor
      trustee hereunder; and

     

    (e)  provide
      that the funds reinvested thereunder and accrued interest thereon be returnable
      to the Collection Account or the Certificate Account, as the case may be, not
      later than the Business Day prior to any Distribution Date.

     

    Qualified
      Insurer:
      Not
      applicable.

     

    Qualifying
      Substitute Mortgage Loan:
      In the
      case of a Mortgage Loan substituted for a Deleted Mortgage Loan, a Mortgage
      Loan
      that, on the date of substitution, (i) has a Scheduled Principal Balance
      (together with that of any other mortgage loan substituted for the same Deleted
      Mortgage Loan) as of the Due Date in the month in which such substitution occurs
      not in excess of the Scheduled Principal Balance of the related Deleted Mortgage
      Loan, provided, however, that, to the extent that the Scheduled Principal
      Balance of such Mortgage Loan is less than the Scheduled Principal Balance
      of
      the related Deleted Mortgage Loan, then such differential in principal amount,
      together with interest thereon at the applicable Mortgage Rate net of the
      applicable Master Servicing Fee and the applicable Servicing Fee from the date
      as to which interest was last paid through the end of the Due Period in which
      such substitution occurs, shall be paid by the party effecting such substitution
      to the Master Servicer for deposit into the Collection Account, and shall be
      treated as a Principal Prepayment hereunder; (ii) has a Net Mortgage Rate not
      lower than the Net Mortgage Rate of the related Deleted Mortgage Loan and will
      be a Discount Mortgage Loan if the Deleted Mortgage Loan was a Discount Mortgage
      Loan or a Non-Discount Mortgage Loan if the Deleted Mortgage Loan was a
      Non-Discount Mortgage Loan; (iii) has a remaining stated term to maturity not
      more than eighteen months longer than, and not more than eighteen months shorter
      than, the remaining term to stated maturity of the related Deleted Mortgage
      Loan; (iv) (A) has a Loan-to-Value Ratio as of the date of such substitution
      of
      not greater than 80%, provided, however, that if the related Deleted Mortgage
      Loan has a Loan-to-Value Ratio of greater than 80%, then the Loan-to-Value
      Ratio
      of such substitute Mortgage Loan may be greater than 80% but shall not be
      greater than the Loan-to-Value Ratio of the related Deleted Mortgage Loan and
      (B) the addition of such substitute Mortgage Loan does not increase the weighted
      average Loan-to-Value Ratio of the related Mortgage Pool by more than 5%; (v)
      will comply with all of the representations and warranties relating to Mortgage
      Loans set forth herein, as of the date as of which such substitution occurs;
      (vi) is not a Cooperative Loan unless the related Deleted Mortgage Loan was
      a
      Cooperative Loan; (vii) if applicable, has the same index as and a margin not
      less than that of the related Deleted Mortgage Loan; (viii) has not been
      delinquent for a period of more than 30 days more than once in the twelve months
      immediately preceding such date of substitution; (ix) is covered by a Primary
      Mortgage Insurance Policy if the related Deleted Mortgage Loan is so covered,
      and the Loan-to-Value Ratio of such Mortgage Loan is greater than 80%; (x)
      has a
      Credit Score not greater than 20 points lower than the Credit Score of the
      related Deleted Mortgage Loan, provided, however, that if the Deleted Mortgage
      Loan does not have a Credit Score, then such substitute Mortgage Loan shall
      have
      a Credit Score equal to or greater than 700; (xi) has its initial adjustment
      date after the related Reset Date; and (xii) has a gross margin no less than
      the
      related Deleted Mortgage Loan. In the event that either one mortgage loan is
      substituted for more than one Deleted Mortgage Loan or more than one mortgage
      loan is substituted for one or more Deleted Mortgage Loans, then (a) the
      Scheduled Principal Balance referred to in clause (i) above shall be determined
      such that the aggregate Scheduled Principal Balance of all such substitute
      Mortgage Loans shall not exceed the aggregate Scheduled Principal Balance of
      all
      Deleted Mortgage Loans and (b) each of (1) the rate referred to in clause (ii)
      above, (2) the remaining term to stated maturity referred to in clause (iii)
      above, (3) the Loan-to-Value Ratio referred to in clause (iv) above and (4)
      the
      Credit Score referred to in clause (x) above shall be determined on a weighted
      average basis, provided that the final scheduled maturity date of any Qualifying
      Substitute Mortgage Loan shall not exceed the Final Scheduled Distribution
      Date
      of any Class of Certificates. Whenever a Qualifying Substitute Mortgage Loan
      is
      substituted for a Deleted Mortgage Loan pursuant to this Agreement, the party
      effecting such substitution shall certify such qualification in writing to
      the
      Trustee and the Master Servicer.

     

    
      
        
        

      

      
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    Rating
      Agency:
      Any of
      Fitch, Moody's or S&P.

     

    Realized
      Loss:
      (a)
      with respect to each Liquidated Mortgage Loan, an amount equal to (i) the unpaid
      principal balance of such Mortgage Loan as of the date of liquidation, plus
      (ii)
      interest at the applicable Net Mortgage Rate from the date as to which interest
      was last paid up to the last day of the month of such liquidation, minus (iii)
      Liquidation Proceeds received, net of amounts that are reimbursable to the
      Master Servicer or the applicable Servicer with respect to such Mortgage Loan
      (other than Advances of principal and interest) including expenses of
      liquidation or (b) with respect to each Mortgage Loan that has become the
      subject of a Deficient Valuation, the difference between the unpaid principal
      balance of such Mortgage Loan immediately prior to such Deficient Valuation
      and
      the unpaid principal balance of such Mortgage Loan as reduced by the Deficient
      Valuation. In determining whether a Realized Loss on a Liquidated Mortgage
      Loan
      is a Realized Loss of interest or principal, Liquidation Proceeds shall be
      allocated, first, to payment of expenses related to such Liquidated Mortgage
      Loan, then to accrued unpaid interest and finally to reduce the principal
      balance of the Mortgage Loan.

     

    Recognition
      Agreement:
      With
      respect to any Cooperative Loan, an agreement between the related Cooperative
      Corporation and the originator of such Mortgage Loan to establish the rights
      of
      such originator in the related Cooperative Property.

     

    Record
      Date:
      With
      respect to any Distribution Date and the Group I Certificates, the close of
      business on the Business Day immediately preceding such Distribution Date.
      With
      respect to any Distribution Date and the Group II Certificates and the Group
      III
      Certificates, the close of business on the last Business Day of the month
      immediately preceding the month in which such Distribution Date
      occurs.

     

    Redemption
      Certificate:
      None.

     

    Reference
      Banks:
      Not
      applicable.

     

    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 otherwise
      be
      provided by the Commission or its staff from time to time; and all references
      to
      any rule, item, section or subsection of, or definition or term contained in,
      Regulation AB mean such rule, item, section, subsection, definition or term,
      as
      the case may be, or any successor thereto, in each case as the same may be
      amended from time to time.

     

    
      
        
        

      

      
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    Regulation
      S:
      Regulation S promulgated under the Act or any successor provision thereto,
      in
      each case as the same may be amended from time to time; and all references
      to
      any rule, section or subsection of, or definition or term contained in,
      Regulation S means such rule, section, subsection, definition or term, as the
      case may be, or any successor thereto, in each case as the same may be amended
      from time to time.

     

    Regulation
      S Global Security:
      The
      meaning specified in Section 3.01(c).

     

    Related
      Certificates:
      For any
      REMIC I-2 Interest, the Class of Certificates set forth on the same row in
      the
      table under “REMIC I-2” in the Preliminary Statement hereto. For any REMIC I-3
      Interest, the Class of Certificates set forth on the same row in the table
      under
“REMIC I-3” in the Preliminary Statement hereto.

     

    Related
      REMIC I-3 Interest:
      For any
      Related Certificates, the REMIC I-3 Interest set forth on the same row in the
      table under “REMIC I-3” in the Preliminary Statement hereto. For the Class 1-AX
      Certificates, the Class LTI3-1AX1 and Class LTI3-1AX2 Interests.

     

    Relevant
      Servicing Criteria:
      The
      Servicing Criteria applicable to each party, as set forth on Exhibit O attached
      hereto. Multiple parties can have responsibility for the same Relevant Servicing
      Criteria. With respect to a Servicing Function Participant engaged by the Master
      Servicer, the Trustee, each Custodian or each Servicer, the term “Relevant
      Servicing Criteria” may refer to a portion of the Relevant Servicing Criteria
      applicable to such parties.

     

    Relief
      Act Reduction:
      With
      respect to any Mortgage Loan as to which there has been a reduction in the
      amount of interest collectible thereon as a result of application of the
      Servicemembers Civil Relief Act or any similar state or local law, any amount
      by
      which interest collectible on such Mortgage Loan for the Due Date in the related
      Due Period is less than interest accrued thereon for the applicable one-month
      period at the Mortgage Rate without giving effect to such
      reduction.

     

    REMIC:
      Each of
      the SWAP REMIC, REMIC I-1, REMIC I-2, REMIC I-3, REMIC II-1, REMIC II-2, REMIC
      II-3, REMIC III-1 and REMIC III-2 as described in the Preliminary Statement
      hereto.

     

    REMIC
      I-1:
      REMIC
      I-1 as described in the Preliminary Statement hereto.

     

    REMIC
      I-1 Interest:
      Any one
      of the classes of REMIC I-1 Regular Interests and the Class LTI1-R Interest
      as
      described in the Preliminary Statement hereto.

     

    REMIC
      I-1 Marker Classes:
      Any of
      the REMIC I-1 Regular Interests other than the Class LTI1-X Interest and other
      than the Class LTI1-IO Interest.

     

    REMIC
      I-1 Regular Interest:
      Each of
      the REMIC I-1 Interests other than the Class LTI1-R Interest.

     

    
      
        
        

      

      
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    REMIC
      I-2:
      REMIC
      I-2 as described in the Preliminary Statement hereto.

     

    REMIC
      I-2 Interest:
      Any one
      of the classes of REMIC I-2 Interests as described in the Preliminary Statement
      hereto.

     

    REMIC
      I-2 Regular Interest:
      Each of
      the REMIC I-2 Interests other than the Class LTI2-R Interest.

    

    REMIC
      I-3:
      REMIC
      I-3 as described in the preliminary statement hereto.

    

    REMIC
      I-3 Interest:
      Any one
      of the classes of REMIC I-3 Interests as described in the Preliminary Statement
      hereto.

     

    REMIC
      I-3 Regular Interest:
      Any of
      the REMIC I-3 Interests other than the Residual I Interest. Alternatively,
      any
      of the REMIC regular interests represented by (i) the rights associated with
      any
      Class of Group I Certificates (exclusive of the Class 1-AX Certificates) other
      than the rights to payments in respect of Excess Interest (and disregarding
      any
      obligation to make payments in respect of Class I Shortfalls), (ii) the
      Uncertificated Class 1-X Interest and (iii) the Class LTI3-IO, Class LTI3-1AX1
      and Class LTI3-1AX2 Interests.

     

    REMIC
      II-1:
      REMIC
      II-1 as described in the Preliminary Statement hereto.

     

    REMIC
      II-1 Interest:
      Any one
      of the classes of REMIC II-1 Interests as described in the Preliminary Statement
      hereto.

     

    REMIC
      II-1 Subordinated Balance Ratio:
      As of any Distribution Date, the ratio among the uncertificated principal
      balances of each of the REMIC II-1 Regular Interests ending with the designation
      “A” that is equal to the ratio among, with respect to each such REMIC II-1
      Regular Interest, the excess of (x) the aggregate Scheduled Principal Balance
      of
      the Mortgage Loans in the related Mortgage Pool over (y) the aggregate Class
      Principal Amounts of the Senior Certificates of the Certificate Group related
      to
      such Mortgage Pool (after giving effect to distributions on such Distribution
      Date).

     

    REMIC
      II-1 Regular Interest:
      Each of
      the REMIC II-1 Interests other than the Class LTII1-R Interest.

     

    REMIC
      II-2:
      REMIC
      II-2 as described in the preliminary statement hereto.

    

    REMIC
      II-2 Interest:
      Any one
      of the classes of REMIC II-2 Interests as described in the Preliminary Statement
      hereto.

    

    REMIC
      II-2 Regular Interest:
      Each of
      the REMIC II-2 Interests other than the Class LTII2-R Interest.

    

    REMIC
      II-3:
      REMIC
      II-3 as described in the preliminary statement hereto.

     

    
      
        
        

      

      
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    REMIC
      II-3 Interest:
      Any one
      of the classes of REMIC II-3 Interests as described in the Preliminary Statement
      hereto.

    

    REMIC
      II-3 Regular Interest:
      Each of
      the REMIC II-3 Interests other than the Class LTII3-R Interest. 

    

    REMIC
      III-1:
      REMIC
      III-1 as described in the Preliminary Statement hereto.

     

    REMIC
      III-1 Interest:
      Any one
      of the classes of REMIC III-1 Interests as described in the Preliminary
      Statement hereto.

     

    REMIC
      III-1 Regular Interest:
      Each of
      the REMIC III-1 Interests other than the Class LTIII1-R Interest.

     

    REMIC
      III-2:
      REMIC
      II-3 as described in the preliminary statement hereto.

     

    REMIC
      III-2 Interest:
      Any one
      of the classes of REMIC III-2 Interests as described in the Preliminary
      Statement hereto.

     

    REMIC
      III-2 Regular Interest:
      Each of
      the REMIC III-2 Interests other than the Class LTIII2-R Interest. 

     

    REMIC
      Pass-Through Rate:
      For
      any
      Distribution Date, the Group I Net Rate for such Distribution Date (as adjusted,
      in the case of any Class of Certificates or REMIC I-3 Interest that accrues
      interest on the basis of a 360-day year consisting of twelve 30-day months,
      to
      reflect accruals on such basis).

     

    REMIC
      Provisions:
      The
      provisions of the federal income tax law relating to real estate mortgage
      investment conduits, which appear at sections 860A through 860G of Subchapter
      M
      of Chapter 1 of the Code, and related provisions, and regulations, including
      proposed regulations and rulings, and administrative pronouncements promulgated
      thereunder, as the foregoing may be in effect from time to time.

     

    REMIC
      Swap Rate:
      For
      each Distribution Date (and the related Accrual Period), a per annum rate equal
      to the rate used to compute the monthly gross amount due to the Swap
      Counterparty under the Swap Agreement for such Distribution Date (such rate,
      as
      described in the Prospectus, being the Rate of Payment set forth in Annex C
      of
      the Prospectus).

     

    Remittance
      Date:
      The day
      in each month on which each Servicer is required to remit payments to the
      account maintained by the Master Servicer, as specified in the applicable
      Servicing Agreement, which is the 18th
      day of
      each month (or if such 18th
      day is
      not a Business Day, the next succeeding Business Day).

     

    REO
      Property:
      A
      Mortgaged Property acquired by the Trust Fund through foreclosure or
      deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or
      otherwise treated as having been acquired pursuant to the REMIC
      Provisions.

     

    Reportable
      Event:
      As
      defined in Section 6.20(g)(i).

     

    
      
        
        

      

      
        61

        
          

        

      

      
        
        

      

    

     

    Reporting
      Servicer:
      As
      defined in Section 6.20(e)(i).

     

    Repurchase
      Price:
      As
      defined in Section 7.01.

     

    Reserve
      Interest Rate:
      Not
      applicable.

     

    Reset
      Date:
      Not
      applicable.

     

    Residual
      Certificate:
      Any
      Class R Certificate.

     

    Residual
      I Interest:
      An
      interest in REMIC I-3 that is entitled to all distributions on the Class R-I
      Certificate other than distributions in respect of the Class SW-R Interest,
      Class LTI1-R Interest and Class LTI2-R Interest.

     

    Responsible
      Officer:
      When
      used with respect to the Trustee, Vice President, Assistant Vice President,
      the
      Secretary, any assistant secretary, or any officer within its corporate trust
      department and having direct responsibility for the administration of this
      Agreement and any other officer to whom a matter arising under this Agreement
      may be referred.

     

    Restricted
      Certificate:
      Any
      Class B4-II, Class B5-II, Class B6-II, Class B4-III, Class B5-III, Class B6-III,
      Class P, Class X or Class R Certificate but excluding any Regulation S Global
      Security.

     

    Restricted
      Global Security:
      As
      defined in Section 3.01(c).

     

    Rolling
      Three Month Delinquency Rate:
      For
      Group I and for any Distribution Date, an amount equal to the average of the
      Pool 1 Delinquency Rates for each of the three (or one and two, in the case
      of
      the first and second Distribution Dates, respectively) immediately preceding
      months.

     

    Rounding
      Account:
      Not
      applicable.

     

    Rules:
      As
      defined in Section 6.20(d).

     

    S-X
      Component:
      The
      portion of the Class X Certificates representing the right to distributions
      to
      the Class X Certificates from the Swap Agreement.

     

    S&P:
      Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., or any
      successor in interest.

     

    Sarbanes-Oxley
      Act:
      The
      Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission
      promulgated thereunder (including any interpretations thereof by the
      Commission’s staff).

     

    Sarbanes-Oxley
      Certification:
      A
      written certification covering the activities of all Servicing Function
      Participants and signed by an officer of the Exchange Act Signing Party that
      complies with the Sarbanes-Oxley Act, as amended from time to time.

     

    
      
        
        

      

      
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    Scheduled
      Payment:
      Each
      scheduled payment of principal and interest (or of interest only, if applicable)
      to be paid by the Mortgagor on a Mortgage Loan, as reduced (except where
      otherwise specified herein) by the amount of any related Debt Service Reduction
      (excluding all amounts of principal and interest that were due on or before
      the
      Cut-off Date whenever received) and, in the case of an REO Property, an amount
      equivalent to the Scheduled Payment that would have been due on the related
      Mortgage Loan if such Mortgage Loan had remained in existence. In the case
      of
      any bi-weekly payment Mortgage Loan, all payments due on such Mortgage Loan
      during any Due Period shall be deemed collectively to constitute the Scheduled
      Payment due on such Mortgage Loan in such Due Period.

     

    Scheduled
      Principal Amount:
      Not
      applicable.

     

    Scheduled
      Principal Balance:
      With
      respect to (i) any Mortgage Loan as of any Distribution Date, the principal
      balance of such Mortgage Loan at the close of business on the Cut-off Date,
      after giving effect to principal payments due on or before the Cut-off Date,
      whether or not received, less an amount equal to principal payments due after
      the Cut-off Date and on or before the Due Date in the related Due Period,
      whether or not received from the Mortgagor or advanced by the applicable
      Servicer or the Master Servicer, and all amounts allocable to unscheduled
      principal payments (including Principal Prepayments, Net Liquidation Proceeds,
      Insurance Proceeds and condemnation proceeds, in each case to the extent
      identified and applied prior to or during the applicable Prepayment Period)
      and
      (ii) any REO Property as of any Distribution Date, the Scheduled Principal
      Balance of the related Mortgage Loan on the Due Date immediately preceding
      the
      date of acquisition of such REO Property (reduced by any amount applied as
      a
      reduction of principal on the Mortgage Loan). With respect to any Mortgage
      Loan
      as of the Cut-off Date, as specified in the Mortgage Loan Schedule or the
      Participation Schedule, as the case may be.

     

    Security
      Agreement:
      With
      respect to any Cooperative Loan, the agreement between the owner of the related
      Cooperative Shares and the originator of the related Mortgage Note that defines
      the terms of the security interest in such Cooperative Shares and the related
      Proprietary Lease.

     

    Seller:
      Lehman
      Brothers Holdings or any successor in interest.

     

    Senior
      Certificate:
      Any
      Group I Senior Certificate, Group II Senior Certificate or Group III Senior
      Certificate.

     

    Senior
      Enhancement Percentage:
      For
      Group I and for any Distribution Date, the fraction, expressed as a percentage,
      the numerator of which is the sum of the aggregate Class Principal Amount of
      the
      Group I Subordinate Certificates and the Overcollateralization Amount (which,
      for purposes of this definition only, shall not be less than zero and assuming
      for purposes of this definition that the Principal Distribution Amount has
      been
      distributed on such Distribution Date and no Trigger Event has occurred) and
      the
      denominator of which is the Pool Balance for Pool 1 for such Distribution Date,
      in each case after giving effect to distributions on such Distribution Date.
      For
      Group II and for Group III and for any Distribution Date is the percentage
      equivalent of a fraction, the numerator of which is the related Group
      Subordinate Amounts and the denominator of which is the related Pool Balances
      of
      the Mortgage Loans related to such Group for the immediately preceding
      Distribution Date.

     

    
      
        
        

      

      
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    Senior
      Percentage:
      With
      respect to each of Pool 2, Pool 3 and Pool 4 and on any Distribution Date,
      the
      percentage equivalent of the fraction, the numerator of which is the aggregate
      of the Certificate Principal Amounts (other than any Notional Certificate)
      related to such Mortgage Pool and the denominator of which is the related Pool
      balance for the immediately preceding Distribution Date.

     

    Senior
      Prepayment Percentage:
      With
      respect to each of Pool 2, Pool 3 or Pool 4 for any Distribution Date occurring
      during the seven years beginning on the first Distribution Date, 100%, except
      as
      described herein below. With respect to each of Pool 2, Pool 3 or Pool 4 for
      any
      Distribution Date occurring on or after the seventh anniversary of the first
      Distribution Date, the related Senior Percentage plus the following percentage
      of the related Subordinate Percentage for such Distribution Date: for any
      Distribution Date in the first year thereafter, 70%; for any Distribution Date
      in the second year thereafter, 60%; for any Distribution Date in the third
      year
      thereafter, 40%; for any Distribution Date in the fourth year thereafter, 20%;
      and for any subsequent Distribution Date, 0%; provided, however, (i) if on
      any
      of the foregoing Distribution Dates the related Senior Enhancement Percentage
      for Pool 2, Pool 3 or Pool 4 is less than the related Initial Senior Enhancement
      Percentage, the related Senior Prepayment Percentage for Pool 2, Pool 3 or
      Pool
      4on such Distribution Date shall once again equal 100%, (ii) unless the
      condition described in clause (i) has occurred, if on any Distribution Date
      before the Distribution Date in April 2010, prior to giving effect to any
      distributions on such Distribution Date, the related Senior Enhancement
      Percentage for Pool 2, Pool 3 or Pool 4 for such Distribution Date is greater
      than or equal to twice the related Initial Senior Enhancement Percentage, then
      the related Senior Prepayment Percentage for Pool 2, Pool 3 or Pool 4 for such
      Distribution Date will equal the related Senior Percentage plus 50% of the
      related Subordinate Percentage for Pool 2, Pool 3 or Pool 4 and (iii) unless
      the
      condition described in clause (i) has occurred, if on any Distribution Date
      on
      or after the Distribution Date in April 2010, prior to giving effect to any
      distributions on such Distribution Date, the related Senior Enhancement
      Percentage for Pool 2, Pool 3 or Pool 4 for such Distribution Date is greater
      than or equal to twice the related Initial Senior Enhancement Percentage, then
      the related Senior Prepayment Percentage for Pool 2, Pool 3 or Pool 4 on such
      Distribution Date will equal the related Senior Percentage.

     

    Notwithstanding
      the foregoing, no decrease in the related Senior Prepayment Percentage for
      Pool
      2, Pool 3 or Pool 4 below the respective levels in effect for the most recent
      prior period set forth in the paragraph above (calculated without regard to
      clause (ii) or clause (iii) of the paragraph above) shall be effective on any
      Distribution Date if, as of the first Distribution Date as to which any such
      decrease applies, (i) the average outstanding principal balance on such
      Distribution Date and for the preceding five Distribution Dates of all Mortgage
      Loans in Pool 2, Pool 3 or Pool 4 that were delinquent 60 days or more
      (including for this purpose any Mortgage Loans in foreclosure and the Scheduled
      Payments that would have been due on Mortgage Loans with respect to which the
      related Mortgaged Property has been acquired by the Trust Fund if the related
      Mortgage Loan had remained in existence) is greater than or equal to 50% of
      the
      applicable Group Subordinate Amount immediately prior to such Distribution
      Date
      or (ii) cumulative Realized Losses with respect to the Mortgage Loans in Pool
      2,
      Pool 3 or Pool 4 exceed (a) with respect to each Distribution Date prior to
      the
      third anniversary of the first Distribution Date, 20% of the related Original
      Group Subordinate Amount, (b) with respect to each Distribution Date on or
      after
      the third anniversary and prior to the eighth anniversary of the first
      Distribution Date, 30% of the related Original Group Subordinate Amount, (c)
      with respect to each Distribution Date on or after the eighth anniversary and
      prior to the ninth anniversary of the first Distribution Date, 35% of the
      related Original Group Subordinate Amount, (d) with respect to each Distribution
      Date on or after the ninth anniversary and prior to the tenth anniversary of
      the
      first Distribution Date, 40% of the related Original Group Subordinate Amount,
      (e) with respect to each Distribution Date on or after the tenth anniversary
      and
      prior to the eleventh anniversary of the first Distribution Date, 45% of the
      related Original Group Subordinate Amount, and (f) with respect to each
      Distribution Date on or after the eleventh anniversary of the first Distribution
      Date or thereafter, 50% of the related Original Group Subordinate Amount. After
      the related Class Principal Amount of each related Class of Senior Certificates
      in any Certificate Group has been reduced to zero, the Senior Prepayment
      Percentage for Pool 2, Pool 3 or Pool 4 shall be 0%.

     

    
      
        
        

      

      
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    Senior
      Principal Distribution Amount:
      For
      Group I and for any Distribution Date an amount equal to (a) prior to the
      Stepdown Date or if a Trigger Event is in effect with respect to such
      Distribution Date, 100% of the Principal Distribution Amount for Group I and
      (b)
      on or after the Stepdown Date and as long as a Trigger Event is not in effect
      with respect to such Distribution Date, the amount, if any, by which (x) the
      aggregate Class Principal Amount of each class of Group I Senior Certificates
      immediately prior to that Distribution Date exceeds (y) the Senior Target
      Amount.

     

    For
      each
      Mortgage Pool related to Group II and Group III and any Distribution
      Date, the sum of the following amounts:

     

    (i)
      the
      product of (a) the related Senior Percentage for such date and (b) the principal
      portion of each Scheduled Payment (without giving effect to any Debt Service
      Reduction occurring prior to the Bankruptcy Coverage Termination Date), on
      each
      Mortgage Loan in the related Mortgage Pool due during the related Due
      Period;

     

    (ii)
      the
      product of (a) the related Senior Prepayment Percentage for such date and (b)
      each of the following amounts: (1) each Principal Prepayment on the Mortgage
      Loans in the related Mortgage Pool collected during the related Prepayment
      Period, (2) each other unscheduled collection, including any Subsequent
      Recovery, Insurance Proceeds and Net Liquidation Proceeds (other than with
      respect to any Mortgage Loan in the related Mortgage Pool that was finally
      liquidated during the related Prepayment Period) representing or allocable
      to
      recoveries of principal in the related Mortgage Pool received during the related
      Prepayment Period, and (3) the principal portion of all proceeds of the purchase
      of any Mortgage Loan in the related Mortgage Pool (or, in the case of a
      permitted substitution, amounts representing a principal adjustment) actually
      received by the Trustee with respect to the related Prepayment
      Period;

     

    (iii)
      with respect to unscheduled recoveries allocable to principal of any Mortgage
      Loan in the related Mortgage Pool that was finally liquidated during the related
      Prepayment Period, the lesser of (a) the related Net Liquidation Proceeds
      allocable to principal and (b) the product of the related Senior Prepayment
      Percentage for such date and the Scheduled Principal Balance of such related
      Mortgage Loan at the time of liquidation; and

     

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

    

     

    (iv)
      any
      amounts described in clauses (i) through (iii) for any previous Distribution
      Date that remain unpaid.

     

    If
      on any
      Distribution Date the Class Principal Amount of each Class of Senior
      Certificates in any Certificate Group has been reduced to zero, the Senior
      Principal Distribution Amount for such Certificate Group for such date
      (following such reduction) and each subsequent Distribution Date shall be
      zero.

     

    Senior
      Target Amount:
      For
      Group I and for any Distribution Date, an amount equal to the lesser of (a)
      the
      product of (1) 86% and (2) the Pool Balance for Pool 1 for such Distribution
      Date determined as of the last day of the related Collection Period and (b)
      the
      amount, if any, by which (1) the Pool Balance for Pool 1 for such Distribution
      Date determined as of the last day of the related Collection Period exceeds
      (2)
      the Overcollateralization Floor.

     

    Servicer:
      Any
      Servicer that has entered into any of the Servicing Agreements attached as
      Exhibit E hereto, or any successor in interest. Initially, the Servicers are
      Aurora Loan Services LLC, Countrywide Home Loans Servicing LP, PHH Mortgage
      Corporation and Residential Funding Company, LLC.

     

    Service(s)(ing):
      In
      accordance with Regulation AB, the act of managing or collecting payments on
      the
      Mortgage Loans or any other assets of the Trust Fund by an entity that meets
      the
      definition of “servicer’ set forth in Item 1101 of Regulation AB. For
      clarification purposes, any uncapitalized occurrence of this term shall have
      the
      meaning commonly understood by participants in the residential mortgage-backed
      securitization market.

     

    Servicing
      Advances:
      Expenditures incurred by a Servicer in connection with the liquidation or
      foreclosure of a Mortgage Loan which are eligible for reimbursement under the
      applicable Servicing Agreement.

     

    Servicing
      Agreement:
      Each
      Servicing Agreement between a Servicer and the Seller, dated as of March 1,
      2007, attached hereto in Exhibit E, and any other servicing agreement entered
      into between a successor servicer and the Seller or the Trustee pursuant to
      the
      terms hereof.

     

    Servicing
      Criteria:
      The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be
      amended from time to time.

     

    Servicing
      Fee:
      With
      respect to each Servicer, the Servicing Fee specified in the applicable
      Servicing Agreement and set forth on the Mortgage Loan Schedule.

     

    Servicing
      Fee Rate:
      With
      respect to a Servicer, the Servicing Fee specified in the applicable Servicing
      Agreement.

     

    Servicing
      Function Participant:
      Any
      Subservicer, Subcontractor or any other Person, other than each Servicer, each
      Custodian, the Master Servicer, the Trustee and the Paying Agent that is
      participating in the servicing function within the meaning of Regulation AB,
      unless such Person’s activities relate only to 5% or less of the Mortgage
      Loans.

     

    
      
        
        

      

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

     

    Similar
      Law:
      As
      defined in Section 3.03(d).

     

    Special
      Hazard Loss:
      With
      respect to the Mortgage Loans, (x) any Realized Loss arising out of any direct
      physical loss or damage to a Mortgaged Property which is caused by or results
      from any cause, exclusive of any loss covered by a hazard policy or a flood
      insurance policy required to be maintained in respect of such Mortgaged Property
      and any loss caused by or resulting from (i) normal wear and tear, (ii)
      conversion or other dishonest act on the part of the Trustee, the Master
      Servicer, any Servicer or any of their agents or employees, or (iii) errors
      in
      design, faulty workmanship or faulty materials, unless the collapse of the
      property or a part thereof ensues, or (y) any Realized Loss arising from or
      related to the presence or suspected presence of hazardous wastes, or hazardous
      substances on a Mortgaged Property unless such loss is covered by a hazard
      policy or flood insurance policy required to be maintained in respect of such
      Mortgaged Property, in any case, as reported by any Servicer to the Master
      Servicer.

     

    Special
      Hazard Loss Limit:
      As of
      the Cut-off Date, $6,000,000 for Group II and $6,795,000 for Group III which
      amount shall each be reduced from time to time to an amount equal on any
      Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate
      of the Scheduled Principal Balances of the related Mortgage Loans; (ii) twice
      the Scheduled Principal Balance of the related Mortgage Loan having the highest
      Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal
      Balances of the related Mortgage Loans secured by Mortgaged Properties located
      in the single California postal zip code area having the highest aggregate
      Scheduled Principal Balance of Mortgage Loans of any such postal zip code area
      and (b) such Special Hazard Loss Limit as of the Closing Date less the amount,
      if any, of Special Hazard Losses incurred with respect to the related Mortgage
      Loans since the Closing Date.

     

    Specified
      Rating:
      Not
      applicable.

     

    Sponsor:
      Lehman
      Brothers Holdings Inc. and any successor in interest thereto.

     

    Startup
      Day:
      The day
      designated as such pursuant to Section 10.01(b) hereof.

     

    Stepdown
      Date:
      For
      Group I, the earlier of (x) the first Distribution Date following the
      Distribution Date on which the Class Principal Amounts of the Group I Senior
      Certificates have each been reduced to zero and (y) the later to occur of (1)
      the Distribution Date in April 2010 and (2) the first Distribution Date on
      which
      the Senior Enhancement Percentage (calculated for this purpose after giving
      effect to payments or other recoveries in respect of the Pool 1 Mortgage Loans
      during the related Collection Period, but before giving effect to distributions
      on any Group I Certificates on such Distribution Date) is greater than or equal
      to 14%.

     

    
      
        
        

      

      
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    Subcontractor:
      Any
      third-party or Affiliated vendor, subcontractor or other Person utilized by
      a
      Servicer, a Custodian, the Master Servicer, a Subservicer or the Trustee that
      is
      not responsible for the overall servicing (as “servicing” is commonly understood
      by participants in the mortgage-backed securities market) of the Mortgage Loans
      but performs one or more discrete functions identified in Item 1122(d) of
      Regulation AB with respect to the Mortgage Loans
      under
      direction and authority of such Servicer, Custodian, Master Servicer,
      Subservicer or Trustee.

     

    Subordinate
      Certificate:
      Any of
      the Class B1-II, Class B2-II, Class B3-II, Class B4-II, Class B5-II, Class
      B6-II, Class B1-III, Class B2-III, Class B3-III, Class B4-III, Class B5-III,
      Class B6-III, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
      M-6,
      Class M-6, Class M-7 and Class M-8 Certificates.

     

    Subordinate
      Certificate Writedown Amount:
      As to
      any Distribution Date, with respect to the Group II Certificates, the amount
      by
      which (i) the sum of the Class Principal Amounts of all the Certificates related
      to Pool 2 and Pool 3 (after giving effect to the distribution of principal
      and
      the allocation of Realized Losses in reduction of the Certificate Principal
      Amounts of the related Certificates on such Distribution Date) exceeds (ii)
      the
      aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 2 and Pool
      3
      for such Distribution Date. As to any Distribution Date, with respect to the
      Group III Certificates, the amount by which (i) the sum of the Class Principal
      Amounts of all the Certificates related to Pool 4 (after giving effect to the
      distribution of principal and the allocation of Realized Losses in reduction
      of
      the Certificate Principal Amounts of the related Certificates on such
      Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of
      the
      Mortgage Loans in Pool 4 for such Distribution Date.

     

    Subordinate
      Class Percentage:
      With
      respect to any Distribution Date and any Class of Group II or Group III
      Subordinate Certificates, the percentage obtained by dividing the Class
      Principal Amount of such Class immediately prior to such Distribution Date
      by
      the aggregate Certificate Principal Amount of all Subordinate Certificates
      related to the Group II or Group III Subordinate Certificates, respectively,
      immediately prior to such Distribution Date.

     

    Subordinate
      Component Percentage:
      Not
      applicable.

     

    Subordinate
      Floating Rate Certificate Shortfall:
      Not
      applicable.

     

    Subordinate
      LIBOR Certificate:
      Not
      applicable.

     

    Subordinate
      Percentage:
      With
      respect to each Mortgage Pool and any Distribution Date, the difference between
      100% and the related Senior Percentage for such Distribution Date.

     

    Subordinate
      Prepayment Percentage:
      With
      respect to Group II or Group III and any Distribution Date, the difference
      between 100% and the related Senior Prepayment Percentage for such Distribution
      Date.

     

    Subordinate
      Principal Distribution Amount:
      For
      each Mortgage Pool in Group II and Group III and for any Distribution Date,
      the
      sum of the following:

     

    (i)
      the
      product of (a) the related Subordinate Percentage for such date and (b) the
      principal portion of each Scheduled Payment (without giving effect to any Debt
      Service Reduction occurring prior to the applicable Bankruptcy Coverage
      Termination Date) on each Mortgage Loan in the related Mortgage Pool due during
      the related Due Period;

     

    
      
        
        

      

      
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    (ii) the
      product of (a) the related Subordinate Prepayment Percentage for such date
      and
      (b) each of the following amounts: (1) each Principal Prepayment on the Mortgage
      Loans in the related Mortgage Pool collected during the related Prepayment
      Period, (2) each other unscheduled collection, including Subsequent Recoveries,
      Insurance Proceeds and Net Liquidation Proceeds (other than with respect to
      any
      Mortgage Loan in the related Mortgage Pool that was finally liquidated during
      the related Prepayment Period) representing or allocable to recoveries of
      principal in the related Mortgage Pool received during the related Prepayment
      Period, and (3) the principal portion of all proceeds of the purchase of any
      Mortgage Loan in the related Mortgage Pool (or, in the case of a permitted
      substitution, amounts representing a principal adjustment) actually received
      by
      the Trustee with respect to the related Prepayment Period;

     

    (iii) with
      respect to unscheduled recoveries allocable to principal of any Mortgage Loan
      in
      the related Mortgage Pool that was finally liquidated during the related
      Prepayment Period, the related Net Liquidation Proceeds allocable to principal
      less any related amount paid pursuant to subsection (iii) of the definition
      of
      Pool 2 Senior Principal Distribution Amount for the related Certificate Group;
      and

     

    (iv) any
      amounts described in clauses (i) through (iii) for any previous Distribution
      Date that remain unpaid.

     

    Subsequent
      Recovery:
      The
      amount, if any, recovered by the related Servicer or the Master Servicer with
      respect to a Liquidated Mortgage Loan with respect to which a Realized Loss
      has
      been incurred after liquidation and disposition of such Mortgage
      Loan.

     

    Subservicer:
      Any
      Person that (i) is considered to be a Servicing Function Participant, (ii)
      services Mortgage Loans on behalf of any Servicer or Additional Servicer, and
      (iii) is responsible for the performance (whether directly or through
      subservicers or Subcontractors) of a substantial portion of the material
      servicing functions required to be performed by the Servicer, Master Servicer
      or
      the Trustee under this Agreement, the Servicing Agreements, the Custodial
      Agreements or other Servicing agreements entered into with respect to some
      or
      all of the Mortgage Loans, that are identified in Item 1122(d) of Regulation
      AB.

     

    Substitution
      Amount:
      The
      amount, if any, by which the Scheduled Principal Balance of a Deleted Mortgage
      Loan exceeds the Scheduled Principal Balance of the related Qualifying
      Substitute Mortgage Loan, or aggregate Scheduled Principal Balance, if
      applicable, plus unpaid interest thereon, any related unpaid Advances or
      Servicing Advances or unpaid Servicing Fees and the amount of any costs and
      damages incurred by the Trust Fund associated with a violation of any applicable
      federal, state or local predatory or abusive lending law in connection with
      the
      origination of such Deleted Mortgage Loan.

     

    
      
        
        

      

      
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    Supplemental
      Interest Trust:
      The
      corpus of a trust created pursuant to Section 5.08 of this Agreement and
      designated as the “Supplemental Interest Trust,” consisting of the Swap
      Agreement and the Supplemental Interest Trust Account.

     

    Supplemental
      Interest Trust Account:
      The
      account created pursuant to Section 5.08 of this Agreement.

     

    Supplemental
      Interest Trust Amount:
      With
      respect to any Swap Payment Date, the sum of any Net Swap Payment and any Swap
      Termination Payment deposited into the Supplemental Interest Trust
      Account.

     

    Surety:
      Not
      applicable.

     

    Surety
      Bond:
      Not
      applicable.

     

    Swap
      Agreement:
      The
      interest rate swap agreement documented pursuant to the ISDA Master Agreement,
      together with a schedule, confirmation and credit support annex, between the
      Trustee, on behalf of the Supplemental Interest Trust, and the Swap
      Counterparty.

     

    Swap
      Counterparty:
      The
      counterparty to the Supplemental Interest Trust under the Swap Agreement, and
      any successor in interest or assigns. Initially, the Swap Counterparty shall
      be
      ABN AMRO Bank N.V.

     

    Swap
      Counterparty Trigger Event:
      A Swap
      Counterparty Trigger Event shall have occurred if any of (i) a Swap Default
      with
      respect to which the Swap Counterparty is a Defaulting Party, (ii) a Termination
      Event with respect to which the Swap Counterparty is the sole Affected Party
      or
      (iii) an Additional Termination Event with respect to which the Swap
      Counterparty is the sole Affected Party has occurred.

     

    Swap
      Default:
      Any of
      the circumstances constituting an “Event of Default” under the Swap
      Agreement.

     

    Swap
      Early Termination:
      The
      occurrence of an early termination date under the Swap Agreement. 

     

    Swap
      LIBOR:
      With
      respect to any Distribution Date (and the related Accrual Period), the product
      of (i) the Floating Rate Option (as defined under “Floating Amounts” in the Swap
      Agreement) for the related Swap Payment Date and (ii) two, as calculated by
      the
      Swap Counterparty and furnished to the Trustee.

     

    Swap
      Payment Date:
      For so
      long as the Swap Agreement is in effect or any amounts remain unpaid thereunder,
      the Business Day immediately preceding each Distribution Date.

     

    SWAP
      REMIC:
      As
described
      in the
      Preliminary Statement hereto.

     

    SWAP
      REMIC Interests:
      Any one
      of the classes of SWAP REMIC Interests described in the Preliminary Statement
      hereto.

     

    
      
        
        

      

      
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    SWAP
      REMIC Regular Interests:
      Any of
      the SWAP REMIC Interests other than the Class SW-R Interest.

     

    Swap
      Termination Payment:
      Upon
      the designation of an “Early Termination Date” as defined in the Swap Agreement,
      the payment required to be made by the Supplemental Interest Trust to the Swap
      Counterparty, or by the Swap Counterparty to the Supplemental Interest Trust,
      as
      applicable, pursuant to the terms of the Swap Agreement, and any unpaid amounts
      due on previous Swap Payment Dates and accrued interest thereon as provided
      in
      the Swap Agreement, as calculated by the Swap Counterparty and furnished to
      the
      Trustee.

     

    Target
      Amount:
      For
      Group I and for any Distribution Date, an amount equal to the Pool Balance
      for
      Pool 1 as of such Distribution Date minus the Targeted Overcollateralization
      Amount for such Distribution Date.

     

    Targeted
      Overcollateralization Amount:
      For
      Group I and for any Distribution Date (x) prior to the Stepdown Date an amount
      equal to $2,172,462 (i.e.,
      0.50%
      of
      the Pool Balance for Pool 1 as of the Cut-off Date) and (y) for any Distribution
      Date on or after the Stepdown Date, the greater of (1) the lesser of (a)
      $2,172,462 and (b) the product of 1.00% of the Pool Balance for Pool 1 as of
      the
      last day of the Collection Period and (2) the Overcollateralization Floor;
      provided, however, for any Distribution Date on or after the Stepdown Date
      and
      for which a Trigger Event is in effect, the Targeted Overcollateralization
      Amount will be equal to the Targeted Overcollateralization Amount in effect
      for
      the immediately preceding Distribution Date.

     

    Tax
      Matters Person:
      The
“tax matters person” as specified in the REMIC Provisions.

     

    Telerate
      Page 3750:
      The
      display currently so designated as “Page 3750” on the Moneyline Telerate Service
      (or such other page selected by the Trustee as may replace Page 3750 on that
      service for the purpose of displaying daily comparable rates on
      prices).

     

    Termination
      Event:
      As
      defined in the Swap Agreement.

     

    Title
      Insurance Policy:
      A title
      insurance policy maintained with respect to a Mortgage Loan.

     

    Total
      Distribution Amount:
      With
      respect to any Distribution Date, the sum of (i) the Interest Remittance Amount
      for all four Mortgage Pools for such date; (ii) the Principal Remittance Amount
      for all four Mortgage Pools for such date; and (iii) the Prepayment Penalty
      Amounts.

     

    Transfer
      Agreement:
      As
      defined in the Mortgage Loan Sale Agreement.

     

    Transferor:
      Each
      seller of Mortgage Loans to Lehman Brothers Holdings pursuant to a Transfer
      Agreement.

     

    Trigger
      Event:
      For
      Group I, a Trigger Event will have occurred if on any Distribution Date, either
      a Delinquency Event or a Cumulative Loss Trigger Event is in effect for such
      Distribution Date.

     

    
      
        
        

      

      
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    Trust
      Fund:
      The
      corpus of the trust created pursuant to this Agreement, consisting of the
      Mortgage Loans, the assignment of the Depositor’s rights under the Mortgage Loan
      Sale Agreement and the Participation Agreement, the Participations, the
      Additional Collateral, such amounts as shall from time to time be held in the
      Basis Risk Reserve Fund, the Collection Account, the Certificate Account, any
      Escrow Account, the Insurance Policies, any REO Property and the other items
      referred to in, and conveyed to the Trustee under, Section 2.01(a). The legal
      entity name of the Trust Fund shall be Structured Adjustable Rate Mortgage
      Loan
      Trust Mortgage Pass-Through Certificates, Series 2007-3.

     

    Trust
      Rate:
      Not
      applicable.

     

    Trust
      REMIC:
      Any
      REMIC created hereunder.

     

    Trustee:
      Wells
      Fargo Bank, N.A., a national banking association, not in its individual
      capacity, but solely in its capacity as trustee for the benefit of the
      Certificateholders under this Agreement, and any successor thereto, and any
      corporation or national banking association resulting from or surviving any
      consolidation or merger to which it or its successors may be a party and any
      successor trustee as may from time to time be serving as successor trustee
      hereunder.

     

    Trustee
      Fee:
      As to
      any Distribution Date and each Mortgage Loan, an amount equal to the product
      of
      the Trustee Fee Rate and the Scheduled Principal Balance of such Mortgage Loan
      as of the first day of the related Due Period.

     

    Trustee
      Fee Rate:
      0.0055%
      per annum.

     

    Uncertificated
      Class 1-X Interest:
      An
      uncertificated regular interest in
      REMIC I-3 with an initial principal balance equal to the
      excess of (i) the aggregate Scheduled Principal Balance of Pool 1 as of the
      Cut-off Date over (ii) the aggregate initial principal amounts of the Group
      I
      Certificates and
      bearing interest on a each Distribution Date in an amount equal to the
      1-X
      Component Current Interest for such Distribution Date;
      provided,
      however, that such interest shall have no obligation or right to make or receive
      any payments treated as paid or received by the Class X Certificates pursuant
      to
      interest rate cap agreements or notional principal contracts under Section
      10.01.

     

    Undercollateralization
      Distribution:
      As
      defined in Section 5.02(m).

     

    Undercollateralized
      Group:
      With
      respect to any Distribution Date, the Group II Certificates of either
      Certificate Group as to which the aggregate Certificate Principal Amount of
      the
      related Group II Certificates after giving effect to distributions pursuant
      to
      Section 5.02(d) on such date, is greater than the Pool Balance of the related
      Mortgage Pool for such Distribution Date.

     

    Underlying
      Subordinate Rate:
      For
      Pool 1, the Pool 1 Net WAC; for Pool 2, the Pool 2 Net WAC; for Pool 3, the
      Pool
      3 Net WAC and for Pool 4, the Pool 4 Net WAC.

     

    
      
        
        

      

      
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    Underwriter’s
      Exemption:
      Prohibited Transaction Exemption 91-14, 56 Fed. Reg. 7413 (1991), as amended
      (or
      any successor thereto), or any substantially similar administrative exemption
      granted by the U.S. Department of Labor.

     

    Unpaid
      Basis Risk Shortfall:
      With
      respect to any Distribution Date and any Class of Group I Certificates, the
      aggregate of all Basis Risk Shortfalls with respect to such Class remaining
      unpaid from previous Distribution Dates, plus interest accrued thereon at the
      applicable Certificate Interest Rate computed without regard to the Net Funds
      Cap.

     

    Unpaid
      Subordinate Floating Rate Certificate Shortfall:
      Not
      applicable.

     

    Voting
      Interests:
      The
      portion of the voting rights of all the Certificates that is allocated to any
      Certificate for purposes of the voting provisions of this Agreement. At all
      times during the term of this Agreement until the Class Notional Amount of
      each
      Class of Notional Certificates has been reduced to zero, 5% of all Voting
      Interests shall be allocated to the Notional Certificates, 89% of all Voting
      Interests shall be allocated to the Group I, Group II and Group III
      Certificates, 1% shall be allocated to each of the Class 1-AP, Class 2-AP,
      Class
      3-AP, Class 4-AP, Class R-I Certificates, and 1% of all Voting Interests shall
      be allocated to the Class X Certificates, while they remain outstanding. Voting
      Interests allocated to the Notional Certificates shall be allocated among the
      Classes of such Certificates (and among the Certificates of each such Class)
      in
      proportion to their Class Notional Amounts (or Notional Amounts). Voting
      Interests shall be allocated among the Class 1-AP, Class 2-AP, Class 3-AP and
      Class 4-AP Certificates in proportion to their Percentage Interest. Voting
      Interests shall be allocated among the other Classes of Certificates (and among
      the Certificates of each such Class) in proportion to their Class Principal
      Amounts (or Certificate Principal Amounts).

     

    Section
      1.02.  Calculations
      Respecting Mortgage Loans.

     

    Calculations
      required to be made pursuant to this Agreement with respect to any Mortgage
      Loan
      in the Trust Fund shall be made based upon current information as to the terms
      of the Mortgage Loans and reports of payments received from the Mortgagor on
      such Mortgage Loans and distributions to be made to the Certificateholders
      as
      supplied to the Trustee by the Master Servicer. The Trustee shall not be
      required to recompute, verify or recalculate the information supplied to it
      by
      the Master Servicer.

     

    Section
      1.03.  Rights
      of the NIMS Insurer

     

    Each
      of
      the rights of any NIMS Insurer set forth in this Agreement shall exist so long
      as (i) the NIMS Insurer has undertaken to guarantee certain payments of NIM
      Securities issued pursuant to the Indenture and (ii) the NIM Securities issued
      pursuant to the Indenture remain outstanding or the NIMS Insurer is owed amounts
      in respect of its guarantee of payment on such notes; provided, however, the
      NIMS Insurer shall not have any rights hereunder (except pursuant to Section
      11.03 and any rights to indemnification hereunder in the case of clause (ii)
      below) so long as (i) the NIMS Insurer has not undertaken to guarantee certain
      payments of notes issued pursuant to the Indenture or (ii) any default has
      occurred and is continuing under the insurance policy issued by the NIMS Insurer
      with respect to such notes.

     

    
      
        
        

      

      
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    ARTICLE
      II

     

    DECLARATION
      OF TRUST;

     

    ISSUANCE
      OF CERTIFICATES

     

    Section
      2.01.  Creation
      and Declaration of Trust Fund; Conveyance of Mortgage Loans.

     

    (a)  Concurrently
      with the execution and delivery of this Agreement, the Depositor does hereby
      transfer, assign, set over, deposit with and otherwise convey to the Trustee,
      without recourse, subject to Sections 2.02, 2.04, 2.05 and 2.06, in trust,
      all
      the right, title and interest of the Depositor in and to the Mortgage Loans
      (including the Participations). Such conveyance includes, without limitation,
      the right to all distributions of principal and interest received on or with
      respect to the Mortgage Loans on and after the Cut-off Date (other than payments
      of principal and interest due on or before such date), and all such payments
      due
      after such date but received prior to such date and intended by the related
      Mortgagors to be applied after such date, together with all of the Depositor’s
      right, title and interest in and to the Collection Account and all amounts
      from
      time to time credited to and the proceeds of the Collection Account, the
      Certificate Account and all amounts from time to time credited to and the
      proceeds of the Certificate Account, any Escrow Account established pursuant
      to
      Section 9.06 hereof and the Basis Risk Reserve Fund and all amounts from time
      to
      time credited to and the proceeds of any such Escrow Account, any REO Property
      and the proceeds thereof, the Depositor’s rights under any Insurance Policies
      related to the Mortgage Loans, and the Depositor’s security interest in any
      collateral pledged to secure the Mortgage Loans, including the Mortgaged
      Properties and any Additional Collateral, and any proceeds of the foregoing,
      to
      have and to hold, in trust; and the Trustee declares that, subject to the review
      provided for in Section 2.02, it (or a Custodian on its behalf) has received
      and
      shall hold the Trust Fund, as trustee, in trust, for the benefit and use of
      the
      Holders of the Certificates and for the purposes and subject to the terms and
      conditions set forth in this Agreement, and, concurrently with such receipt,
      the
      Certificates have been executed, authenticated and delivered to or upon the
      order of the Depositor, in exchange for the Trust Fund, in the authorized
      denominations evidencing the entire ownership of the Trust Fund.

     

    Concurrently
      with the execution of this Agreement, the Swap Agreement and the Interest Rate
      Cap Agreement shall be delivered to the Trustee. In connection therewith, the
      Depositor hereby directs the Trustee (solely in its capacity as such) and the
      Trustee is hereby authorized to enter into, execute and deliver the Interest
      Rate Cap Agreement and the Swap Agreement (on behalf of the Supplemental
      Interest Trust) for the benefit of, the Holders of the Class 1-A1 and Class
      1-A2
      Certificates and the Group I Subordinate Certificates. The Seller, the Master
      Servicer, the Depositor, the Servicers and the Certificateholders (by their
      acceptance of such Class 1-A1 and Class 1-A2 Certificates and the Group I
      Subordinate Certificates) acknowledge and agree that the Trustee is executing
      and delivering the Interest Rate Cap Agreement and the Swap Agreement solely
      in
      its capacity as Trustee of the Supplemental Interest Trust and the Trust Fund
      and not in its individual capacity. The Trustee shall have no duty or
      responsibility to enter into any other interest rate swap agreement upon the
      expiration or termination of the Interest Rate Cap Agreement and the Swap
      Agreement.

     

    Concurrently
      with the execution and delivery of this Agreement, the Depositor does hereby
      assign to the Trustee all of its rights and interest under the Mortgage Loan
      Sale Agreement; including all rights of the Seller under the applicable
      Servicing Agreement and any related Transfer Agreement (including the right
      to
      enforce the related Early Payment Default Mortgage Loans) to the extent assigned
      under the Mortgage Loan Sale Agreement. The Trustee hereby accepts such
      assignment, and shall be entitled to exercise all rights of the Depositor under
      the Mortgage Loan Sale Agreement as if, for such purpose, it were the Depositor.
      The Trustee is hereby directed to execute and deliver the Servicing Agreement
      (to the extent it is a party thereto) and perform in accordance therewith.
      

     

    
      
        
        

      

      
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    It
      is
      agreed and understood by the Depositor and the Trustee (and the Seller has
      so
      represented and recognized in the Mortgage Loan Sale Agreement) that it is
      not
      intended that any Mortgage Loan to be included in the Trust Fund that is a
      “High-Cost Mortgage Loan” as defined under any applicable federal law or state
      or local regulation, ordinance or law.

     

    The
      foregoing sale, transfer, assignment, set-over, deposit and conveyance and
      the
      assignment and transfer with respect to Additional Collateral does not and
      is
      not intended to result in creation or assumption by the Trustee of any
      obligation of the Depositor, the Seller, or any other Person in connection
      with
      the Mortgage Loans, the Servicing Agreements or any other agreement or
      instrument relating thereto except as specifically set forth
      herein.

     

    In
      addition, with respect to any Pledged Asset Mortgage Loan, the Depositor does
      hereby transfer, assign, set-over and otherwise convey to the Trustee without
      recourse (except as provided herein) (i) its rights as assignee under any
      security agreements, pledge agreements or guarantees relating to the Additional
      Collateral supporting any Pledged Asset Mortgage Loan, (ii) its security
      interest in and to any Additional Collateral, (iii) its right to receive
      payments in respect of any Pledged Asset Mortgage Loan pursuant to the
      Additional Collateral Servicing Agreement, and (iv) its rights as beneficiary
      under the surety bond in respect of any Pledged Asset Mortgage Loan.
      Notwithstanding anything to the contrary in this Agreement, the Trust Fund
      shall
      not obtain title to or beneficial ownership of any Additional Collateral as
      a
      result of or in lieu of the disposition thereof or otherwise.

     

    (b)  In
      connection with such transfer and assignment, the Depositor does hereby deliver
      to, and deposit with, or cause to be delivered to and deposited with, the
      Trustee, and/or the Custodian acting on the Trustee’s behalf, the following
      documents or instruments with respect to each Mortgage Loan (each a “Mortgage
      File”) so transferred and assigned (other than the Participations):

     

    (i)  with
      respect to each Mortgage Loan, the original Mortgage Note endorsed without
      recourse in proper form to the order of the Trustee, or in blank (in each case,
      with all necessary intervening endorsements as applicable);

     

    (ii)  the
      original of any guarantee, security agreement or pledge agreement relating
      to
      any Additional Collateral and executed in connection with the Mortgage Note,
      assigned to the Trustee;

     

    (iii)  with
      respect to each Mortgage Loan other than a Cooperative Loan, the original
      recorded Mortgage with evidence of recording indicated thereon and the original
      recorded power of attorney, if the Mortgage was executed pursuant to a power
      of
      attorney, with evidence of recording thereon or, if such Mortgage or power
      of
      attorney has been submitted for recording but has not been returned from the
      applicable public recording office, has been lost or is not otherwise available,
      a copy of such Mortgage or power of attorney, as the case may be, certified
      to
      be a true and complete copy of the original submitted for recording. If, in
      connection with any Mortgage Loan, the Depositor cannot deliver the Mortgage
      with evidence of recording thereon on or prior to the Closing Date because
      of a
      delay caused by the public recording office where such Mortgage has been
      delivered for recordation or because such Mortgage has been lost, the Depositor
      shall deliver or cause to be delivered to the Trustee (or the applicable
      Custodian), in the case of a delay due to recording, a true copy of such
      Mortgage, pending delivery of the original thereof, together with an Officer’s
      Certificate of the Depositor certifying that the copy of such Mortgage delivered
      to the Trustee (or the applicable Custodian) is a true copy and that the
      original of such Mortgage has been forwarded to the public recording office,
      or,
      in the case of a Mortgage that has been lost, a copy thereof (certified as
      provided for under the laws of the appropriate jurisdiction) and a written
      Opinion of Counsel acceptable to the Trustee and the Depositor that an original
      recorded Mortgage is not required to enforce the Trustee’s interest in the
      Mortgage Loan;

     

    
      
        
        

      

      
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    (iv)  the
      original of each assumption, modification or substitution agreement, if any,
      relating to the Mortgage Loans, or, as to any assumption, modification or
      substitution agreement which cannot be delivered on or prior to the Closing
      Date
      because of a delay caused by the public recording office where such assumption,
      modification or substitution agreement has been delivered for recordation,
      a
      photocopy of such assumption, modification or substitution agreement, pending
      delivery of the original thereof, together with an Officer’s Certificate of the
      Depositor certifying that the copy of such assumption, modification or
      substitution agreement delivered to the Trustee (or the applicable Custodian)
      is
      a true copy and that the original of such agreement has been forwarded to the
      public recording office;

     

    (v)  with
      respect to each Non-MERS Mortgage Loan other than a Cooperative Loan, the
      original Assignment of Mortgage, in form and substance acceptable for recording.
      The Mortgage shall be assigned either (A) in blank, without recourse or (B)
      to
“Wells Fargo Bank, N.A., as Trustee of the Structured Adjustable Rate Mortgage
      Loan Trust Mortgage Pass Through Certificates, Series 2007-3,” without recourse
      for each Mortgage Loan;

     

    (vi)  if
      applicable, such original intervening assignments of the Mortgage, notice of
      transfer or equivalent instrument (each, an “Intervening Assignment”), as may be
      necessary to show a complete chain of assignment from the originator, or, in
      the
      case of an Intervening Assignment that has been lost, a written Opinion of
      Counsel acceptable to the Trustee that such original Intervening Assignment
      is
      not required to enforce the Trustee’s interest in the Mortgage
      Loans;

     

    (vii)  the
      original Primary Mortgage Insurance Policy or certificate, if private mortgage
      guaranty insurance is required;

     

    
      
        
        

      

      
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    (viii)  with
      respect to each Mortgage Loan other than a Cooperative Loan, the original
      mortgagee title insurance policy or attorney’s opinion of title and abstract of
      title;

     

    (ix)  the
      original of any security agreement, chattel mortgage or equivalent instrument
      executed in connection with the Mortgage or as to any security agreement,
      chattel mortgage or their equivalent instrument that cannot be delivered on
      or
      prior to the Closing Date because of a delay caused by the public recording
      office where such document has been delivered for recordation, a photocopy
      of
      such document, pending delivery of the original thereof, together with an
      Officer’s Certificate of the Depositor certifying that the copy of such security
      agreement, chattel mortgage or their equivalent instrument delivered to the
      Trustee (or the applicable Custodian) is a true copy and that the original
      of
      such document has been forwarded to the public recording office;
      and

     

    (x)  with
      respect to any Cooperative Loan, the Cooperative Loan Documents.

     

    The
      parties hereto acknowledge and agree that the form of endorsement attached
      hereto as Exhibit B-4 is intended to effect the transfer to the Trustee, for
      the
      benefit of the Certificateholders, of the Mortgage Notes and the
      Mortgages.

     

    With
      respect to each Participation, the Depositor does hereby deliver to, and deposit
      with, or cause to be delivered to and deposited with, the Trustee, and/or any
      Custodian acting on the Trustee’s behalf, a copy of the Participation Agreement
      and the original Participation issued to the Trustee.

     

    (c)  (i)    
      Assignments
      of Mortgage with respect to each Non-MERS Mortgage Loan other than a Cooperative
      Loan shall be recorded; provided, however, that such Assignments need not be
      recorded if, in the Opinion of Counsel (which must be from Independent counsel)
      acceptable to the Trustee, the Rating Agencies and any NIMS Insurer, recording
      in such states is not required to protect the Trustee’s interest in the related
      Non-MERS Mortgage Loans. Subject to the preceding sentence, as soon as
      practicable after the Closing Date (but in no event more than 3 months
      thereafter except to the extent delays are caused by the applicable recording
      office), the Master Servicer (or the applicable Custodian), at the expense
      of
      the Depositor and with the cooperation of the applicable Servicer, shall cause
      to be properly recorded by such Servicer in each public recording office where
      the related Mortgages are recorded each Assignment of Mortgage referred to
      in
      subsection (b)(v) above with respect to a Non-MERS Mortgage Loan. With respect
      to each Cooperative Loan, the Master Servicer (or the applicable Custodian),
      at
      the expense of the Depositor and with the cooperation of the applicable
      Servicer, shall cause such Servicer to take such actions as are necessary under
      applicable law in order to perfect the interest of the Trustee in the related
      Mortgaged Property.

     

    (ii)  With
      respect to each MERS Mortgage Loan, the Master Servicer (or its applicable
      Custodian), at the expense of the Depositor and with the cooperation of the
      applicable Servicer, shall cause to be taken such actions by such Servicer
      as
      are necessary to cause the Trustee to be clearly identified as the owner of
      each
      such Mortgage Loan on the records of MERS for purposes of the system of
      recording transfers of beneficial ownership of mortgages maintained by
      MERS.

     

    
      
        
        

      

      
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    (d)  In
      instances where a Title Insurance Policy is required to be delivered to the
      Trustee, or to the applicable Custodian on behalf of the Trustee, under clause
      (b)(viii) above and is not so delivered, the Depositor will provide a copy
      of
      such Title Insurance Policy to the Trustee, or to the applicable Custodian
      on
      behalf of the Trustee, as promptly as practicable after the execution and
      delivery hereof, but in any case within 180 days of the Closing
      Date.

     

    (e)  For
      Mortgage Loans (if any) that have been prepaid in full after the Cut-off Date
      and prior to the Closing Date, the Depositor, in lieu of delivering the above
      documents, herewith delivers to the Trustee, or to the applicable Custodian
      on
      behalf of the Trustee, an Officer’s Certificate which shall include a statement
      to the effect that all amounts received in connection with such prepayment
      that
      are required to be deposited in the applicable Collection Account pursuant
      to
      Section 4.01 have been so deposited. All original documents that are not
      delivered to the Trustee or the applicable Custodian on behalf of the Trustee
      shall be held by the Master Servicer or the applicable Servicer in trust for
      the
      benefit of the Trustee and the Certificateholders.

     

    (f) Upon
      execution of this Agreement, the Depositor hereby delivers to the Trustee and
      the Trustee acknowledges a receipt of the Mortgage Loan Sale Agreement and
      the
      Servicing Agreement.

     

    (g) The
      issuing entity is hereby named Structured Adjustable Rate Mortgage Loan Trust,
      Series 2007-3.

     

    Section
      2.02.  Acceptance
      of Trust Fund by Trustee: Review of Documentation for Trust Fund.

     

    (a)  The
      Trustee or the applicable Custodian on behalf of the Trustee, by execution
      and
      delivery hereof, acknowledges receipt of the Participations and the Mortgage
      Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule,
      subject to review thereof by the Trustee, or by the applicable Custodian on
      behalf of the Trustee, under this Section 2.02. The Trustee, or the applicable
      Custodian on behalf of the Trustee, will execute and deliver to the Trustee,
      the
      Depositor, the Master Servicer and any NIMS Insurer on the Closing Date an
      Initial Certification in the form annexed hereto as Exhibit B-1 (or in the
      form
      annexed to the applicable Custodial Agreement as Exhibit B-1, as
      applicable).

     

    (b)  Within
      45
      days after the Closing Date, the Trustee, or the applicable Custodian, on behalf
      of the Trustee, will, for the benefit of Holders of the Certificates and any
      NIMS Insurer, review each Mortgage File to ascertain that all required documents
      set forth in Section 2.01 have been received and appear on their face to contain
      the requisite signatures by or on behalf of the respective parties thereto,
      and
      shall deliver to the Trustee, the Depositor, the Master Servicer and any NIMS
      Insurer an Interim Certification in the form annexed hereto as Exhibit B-2
      (or
      in the form annexed to the applicable Custodial Agreement as Exhibit B-2, as
      applicable) to the effect that, as to each Mortgage Loan listed in the Mortgage
      Loan Schedule (other than any Mortgage Loan prepaid in full or any Mortgage
      Loan
      specifically identified in such certification as not covered by such
      certification), (i) all of the applicable documents specified in Section 2.01(b)
      are in its possession and (ii) such documents have been reviewed by it and
      appear to relate to such Mortgage Loan. The Trustee, or the applicable Custodian
      on behalf of the Trustee, shall make sure that the documents are executed and
      endorsed, but shall be under no duty or obligation to inspect, review or examine
      any such documents, instruments, certificates or other papers to determine
      that
      the same are valid, binding, legally effective, properly endorsed, genuine,
      enforceable or appropriate for the represented purpose or that they have
      actually been recorded or are in recordable form or that they are other than
      what they purport to be on their face. Neither the Trustee nor any Custodian
      shall have any responsibility for verifying the genuineness or the legal
      effectiveness of or authority for any signatures of or on behalf of any party
      or
      endorser.

     

    
      
        
        

      

      
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    (c)  If
      in the
      course of the review described in paragraph (b) above the Trustee or the
      applicable Custodian discovers any document or documents constituting a part
      of
      a Mortgage File that is missing, does not appear regular on its face (i.e.,
      is
      mutilated, damaged, defaced, torn or otherwise physically altered) or appears
      to
      be unrelated to the Mortgage Loans identified in the Mortgage Loan Schedule
      (each, a “Material Defect”), the Trustee, or the applicable Custodian on behalf
      of the Trustee, shall promptly identify the Mortgage Loan to which such Material
      Defect relates in the Interim Certificate delivered to the Trustee, the
      Depositor, the Master Servicer and any NIMS Insurer. Within 90 days of its
      receipt of such notice, the Depositor shall be required to cure such Material
      Defect (and, in such event, the Depositor shall provide the Trustee with an
      Officer’s Certificate confirming that such cure has been effected). If the
      Depositor does not so cure such Material Defect, it shall, if a loss has been
      incurred with respect to such Mortgage Loan that would, if such Mortgage Loan
      were not purchased from the Trust Fund, constitute a Realized Loss, and such
      loss is attributable to the failure of the Depositor to cure such Material
      Defect, repurchase the related Mortgage Loan from the Trust Fund at the Purchase
      Price. A loss shall be deemed to be attributable to the failure of the Depositor
      to cure a Material Defect if, as determined by the Depositor, upon mutual
      agreement with the Servicer acting in good faith, absent such Material Defect,
      such loss would not have been incurred. Within the two-year period following
      the
      Closing Date, the Depositor may, in lieu of repurchasing a Mortgage Loan
      pursuant to this Section 2.02, substitute for such Mortgage Loan a Qualifying
      Substitute Mortgage Loan subject to the provisions of Section 2.05. The failure
      of the Trustee or the applicable Custodian to give the notice contemplated
      herein within 45 days after the Closing Date shall not affect or relieve the
      Depositor of its obligation to repurchase any Mortgage Loan pursuant to this
      Section 2.02 or any other Section of this Agreement requiring the repurchase
      of
      Mortgage Loans from the Trust Fund.

     

    (d)  Within
      180 days following the Closing Date, the Trustee, or the applicable Custodian,
      shall deliver to the Trustee, the Depositor, the Master Servicer and any NIMS
      Insurer a Final Certification substantially in the form annexed hereto as
      Exhibit B-3 (or in the form annexed to the applicable Custodial Agreement as
      Exhibit B-3, as applicable) evidencing the completeness of the Mortgage Files
      in
      its possession or control, with any exceptions noted thereto.

     

    (e)  Nothing
      in this Agreement shall be construed to constitute an assumption by the Trust
      Fund, the Trustee or the Certificateholders of any unsatisfied duty, claim
      or
      other liability on any Mortgage Loan or to any Mortgagor.

     

    (f)  Each
      of
      the parties hereto acknowledges that the applicable Custodian shall hold the
      related Mortgage Files and shall perform the applicable review of the Mortgage
      Loans and deliver the respective certifications thereof as provided in this
      Section 2.02 and the related Custodial Agreement.

     

    
      
        
        

      

      
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    Section
      2.03.  Representations
      and Warranties of the Depositor.

     

    (a)  The
      Depositor hereby represents and warrants to the Trustee, for the benefit of
      Certificateholders and to the Master Servicer as of the Closing Date or such
      other date as is specified, that:

     

    (i)  the
      Depositor is a corporation duly organized, validly existing and in good standing
      under the laws governing its creation and existence and has full corporate
      power
      and authority to own its property, to carry on its business as presently
      conducted, to enter into and perform its obligations under this Agreement,
      and
      to create the trust pursuant hereto;

     

    (ii)  the
      execution and delivery by the Depositor of this Agreement have been duly
      authorized by all necessary corporate action on the part of the Depositor;
      neither the execution and delivery of this Agreement, nor the consummation
      of
      the transactions herein contemplated, nor compliance with the provisions hereof,
      will conflict with or result in a breach of, or constitute a default under,
      any
      of the provisions of any law, governmental rule, regulation, judgment, decree
      or
      order binding on the Depositor or its properties or the certificate of
      incorporation or bylaws of the Depositor;

     

    (iii)  the
      execution, delivery and performance by the Depositor of this Agreement and
      the
      consummation of the transactions contemplated hereby do not require the consent
      or approval of, the giving of notice to, the registration with, or the taking
      of
      any other action in respect of, any state, federal or other governmental
      authority or agency, except such as has been obtained, given, effected or taken
      prior to the date hereof;

     

    (iv)  this
      Agreement has been duly executed and delivered by the Depositor and, assuming
      due authorization, execution and delivery by the Trustee and the Master
      Servicer, constitutes a valid and binding obligation of the Depositor
      enforceable against it in accordance with its terms except as such
      enforceability may be subject to (A) applicable bankruptcy and insolvency laws
      and other similar laws affecting the enforcement of the rights of creditors
      generally and (B) general principles of equity regardless of whether such
      enforcement is considered in a proceeding in equity or at law;

     

    (v)  there
      are
      no actions, suits or proceedings pending or, to the knowledge of the Depositor,
      threatened or likely to be asserted against or affecting the Depositor, before
      or by any court, administrative agency, arbitrator or governmental body (A)
      with
      respect to any of the transactions contemplated by this Agreement or (B) with
      respect to any other matter which in the judgment of the Depositor will be
      determined adversely to the Depositor and will if determined adversely to the
      Depositor materially and adversely affect it or its business, assets, operations
      or condition, financial or otherwise, or adversely affect its ability to perform
      its obligations under this Agreement; and

     

    
      
        
        

      

      
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    (vi)  immediately
      prior to the transfer and assignment of the Mortgage Loans to the Trustee,
      the
      Depositor was the sole owner of record and holder of each Mortgage Loan, and
      the
      Depositor had good and marketable title thereto, and had full right to transfer
      and sell each Mortgage Loan to the Trustee free and clear, subject only to
      (1)
      liens of current real property taxes and assessments not yet due and payable
      and, if the related Mortgaged Property is a condominium unit, any lien for
      common charges permitted by statute, (2) covenants, conditions and restrictions,
      rights of way, easements and other matters of public record as of the date
      of
      recording of such Mortgage acceptable to mortgage lending institutions in the
      area in which the related Mortgaged Property is located and specifically
      referred to in the lender’s Title Insurance Policy or attorney’s opinion of
      title and abstract of title delivered to the originator of such Mortgage Loan,
      and (3) such other matters to which like properties are commonly subject which
      do not, individually or in the aggregate, materially interfere with the benefits
      of the security intended to be provided by the Mortgage, of any encumbrance,
      equity, participation interest, lien, pledge, charge, claim or security
      interest, and had full right and authority, subject to no interest or
      participation of, or agreement with, any other party, to sell and assign each
      Mortgage Loan pursuant to this Agreement.

     

    (b)  The
      representations and warranties of each Transferor with respect to the related
      Mortgage Loans in the applicable Transfer Agreement, which have been assigned
      to
      the Trustee hereunder, were made as of the date specified in the applicable
      Transfer Agreement (or underlying agreement, if such Transfer Agreement is
      in
      the form of an assignment of a prior agreement). To the extent that any fact,
      condition or event with respect to a Mortgage Loan constitutes a breach of
      both
      (i) a representation or warranty of the applicable Transferor under the
      applicable Transfer Agreement and (ii) a representation or warranty of Lehman
      Brothers Holdings under the Mortgage Loan Sale Agreement, the only right or
      remedy of the Trustee or of any Certificateholder shall be the Trustee’s right
      to enforce the obligations of the applicable Transferor under any applicable
      representation or warranty made by it. Lehman Brothers Holdings shall have
      no
      obligation or liability with respect to any breach of a representation or
      warranty made by it with respect to the Mortgage Loans if the fact, condition
      or
      event constituting such breach also constitutes a breach of a representation
      or
      warranty made by the applicable Transferor in the applicable Transfer Agreement,
      without regard to whether such Transferor fulfills its contractual obligations
      in respect of such representation or warranty. The Depositor shall have no
      obligation or liability with respect to any breach of any representation or
      warranty with respect to the Mortgage Loans (except as set forth in Section
      2.03(a)(vi)) under any circumstances.

     

    Section
      2.04.  Discovery
      of Breach.

     

    It
      is
      understood and agreed that the representations and warranties (i) set forth
      in
      Section 2.03, (ii) of Lehman Brothers Holdings set forth in the Mortgage Loan
      Sale Agreement and assigned to the Trustee by the Depositor hereunder and (iii)
      of each Transferor, assigned by Lehman Brothers Holdings to the Depositor
      pursuant to the Mortgage Loan Sale Agreement and assigned to the Trustee by
      the
      Depositor hereunder shall each survive delivery of the Mortgage Files and the
      Assignment of Mortgage of each Mortgage Loan to the Trustee and shall continue
      throughout the term of this Agreement. Upon discovery by any of the Depositor,
      any NIMS Insurer, the Master Servicer or the Trustee of a breach of any of
      such
      representations and warranties that adversely and materially affects the value
      of the related Mortgage Loan, the party discovering such breach shall give
      prompt written notice to the other parties; provided, to the extent that
      knowledge of such breach with respect to any Mortgage Loan is known by any
      officer, director, employee or agent of Aurora acting in any capacity other
      than
      as Master Servicer hereunder, the Master Servicer shall not be deemed to have
      knowledge of any such breach until an officer of the Master Servicer has actual
      knowledge thereof. Within 90 days of the discovery of a breach of any
      representation or warranty given or assigned to the Trustee by the Depositor,
      any Transferor, or Lehman Brothers Holdings, the Depositor, such Transferor,
      or
      Lehman Brothers Holdings, as applicable, shall either (a) cure such breach
      in
      all material respects, (b) repurchase such Mortgage Loan or any property
      acquired in respect thereof from the Trustee at the Purchase Price (or in the
      case of a Early Payment Default Mortgage Loan, the FPD Purchase Price (excluding
      the FPD Premium)) or (c) within the two year period following the Closing Date,
      substitute a Qualifying Substitute Mortgage Loan for the affected Mortgage
      Loan.
      In the event of discovery of a breach of any representation and warranty of
      any
      Transferor assigned to the Trustee, the Trustee shall enforce its rights under
      the applicable Transfer Agreement and the Mortgage Loan Sale Agreement for
      the
      benefit of Certificateholders. As provided in the Mortgage Loan Sale Agreement,
      if any Transferor substitutes a mortgage loan for a Mortgage Loan for which
      there is a breach of any representations and warranties in the related Transfer
      Agreement which adversely and materially affects the value of such Mortgage
      Loan
      and such substitute mortgage loan is not a Qualifying Substitute Mortgage Loan,
      under the terms of the Mortgage Loan Sale Agreement, Lehman Brothers Holdings
      will, in exchange for such substitute Mortgage Loan, (i) provide the applicable
      Purchase Price for the affected Mortgage Loan or (ii) within two years of the
      Closing Date, substitute such affected Mortgage Loan with a Qualifying
      Substitute Mortgage Loan.

     

    
      
        
        

      

      
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    Section
      2.05.  Repurchase,
      Purchase or Substitution of Mortgage Loans.

     

    (a)  With
      respect to any Mortgage Loan repurchased by the Depositor pursuant to this
      Agreement, by Lehman Brothers Holdings pursuant to the Mortgage Loan Sale
      Agreement or by any Transferor pursuant to the applicable Transfer Agreement,
      the principal portion of the funds (Including the FPD Purchase Price but
      excluding the FPD Premium) in the case of a Early Payment Default Mortgage
      Loan)
      received by the Master Servicer in respect of such repurchase of a Mortgage
      Loan
      will be considered a Principal Prepayment, and the Purchase Price and FPD
      Purchase Price shall be deposited in the Collection Account pursuant to Section
      4.01. The Trustee, upon receipt of the full amount of the Purchase Price for
      a
      Deleted Mortgage Loan, or certification from the Master Servicer that it is
      in
      receipt of such amount, or upon receipt of notification from the related
      Custodian that it received the Mortgage File for a Qualifying Substitute
      Mortgage Loan substituted for a Deleted Mortgage Loan (and any applicable
      Substitution Amount), shall release or cause to be released to the Depositor,
      Lehman Brothers Holdings or the applicable Transferor, as applicable, the
      related Mortgage File for the Deleted Mortgage Loan and shall execute and
      deliver such instruments of transfer or assignment, in each case without
      recourse, representation or warranty, as shall be necessary to vest in such
      party or its designee or assignee title to any Deleted Mortgage Loan released
      pursuant hereto, free and clear of all security interests, liens and other
      encumbrances created by this Agreement, which instruments shall be prepared
      by
      the Trustee (or a Custodian), and the Trustee shall have no further
      responsibility with respect to the Mortgage File relating to such Deleted
      Mortgage Loan. The
      Seller indemnifies and holds the Trust Fund, the Master Servicer, the Trustee,
      the Depositor and each Certificateholder harmless against any and all taxes,
      claims, losses, penalties, fines, forfeitures, reasonable legal fees and related
      costs, judgments, and any other costs, fees and expenses that the Trust Fund,
      the Trustee, the Master Servicer, the Depositor and any Certificateholder may
      sustain in connection with any actions of the Seller relating to a repurchase
      of
      a Mortgage Loan other than in compliance with the terms of this Section 2.05
      and
      the Mortgage Loan Sale Agreement, to the extent that any such action causes
      an
      Adverse REMIC Event.

     

    
      
        
        

      

      
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    (b)  With
      respect to each Qualifying Substitute Mortgage Loan to be delivered to the
      Trustee (or the applicable Custodian) pursuant to the terms of this Article
      II
      in exchange for a Deleted Mortgage Loan: (i) the Depositor, the applicable
      Transferor, or Lehman Brothers Holdings, as applicable, must deliver to the
      Trustee (or the applicable Custodian) the Mortgage File for the Qualifying
      Substitute Mortgage Loan containing the documents set forth in Section 2.01(b)
      along with a written certification certifying as to the delivery of such
      Mortgage File and containing the granting language set forth in Section 2.01(a);
      and (ii) the Depositor will be deemed to have made, with respect to such
      Qualifying Substitute Mortgage Loan, each of the representations and warranties
      made by it with respect to the related Deleted Mortgage Loan. As soon as
      practicable after the delivery of any Qualifying Substitute Mortgage Loan
      hereunder, the Master Servicer, at the expense of the Depositor and at the
      direction and with the cooperation of the applicable Servicer, shall (i) with
      respect to a Qualifying Substitute Mortgage Loan that is a Non-MERS Mortgage
      Loan, cause the Assignment of Mortgage to be recorded by such Servicer if
      required pursuant to Section 2.01(c)(i), or (ii) with respect to a Qualifying
      Substitute Mortgage Loan that is a MERS Mortgage Loan, cause to be taken such
      actions by such Servicer as are necessary to cause the Trustee to be clearly
      identified as the owner of each such Mortgage Loan on the records of MERS if
      required pursuant to Section 2.01(c)(ii).

     

    (c)  Notwithstanding
      any other provision of this Agreement, the right to substitute Mortgage Loans
      pursuant to this Article II shall be subject to the additional limitations
      that
      no substitution of a Qualifying Substitute Mortgage Loan for a Deleted Mortgage
      Loan shall be made unless the Trustee and the NIMS Insurer have received an
      Opinion of Counsel (at the expense of the party seeking to make the
      substitution) that, under current law, such substitution will not (A) affect
      adversely the status of any REMIC established hereunder as a REMIC, or of the
      related “regular interests” as “regular interests” in any such REMIC, or (B)
      cause any such REMIC to engage in a “prohibited transaction” or “prohibited
      contribution” pursuant to the REMIC Provisions. The Depositor shall cause the
      Mortgage Loan Schedule to be amended in accordance with the terms of this
      Agreement.

     

    Section
      2.06.  Grant
      Clause.

     

    It
      is
      intended that the conveyance of the Depositor’s right, title and interest in and
      to property constituting the Trust Fund pursuant to this Agreement shall
      constitute, and shall be construed as, a sale of such property and not a grant
      of a security interest to secure a loan. However, if such conveyance is deemed
      to be in respect of a loan, it is intended that: (i) the rights and obligations
      of the parties shall be established pursuant to the terms of this Agreement;
      (ii) the Depositor hereby grants to the Trustee for the benefit of the Holders
      of the Certificates a first priority security interest to secure repayment
      of an
      obligation in an amount equal to the aggregate Class Principal Amount of the
      Certificates in all of the Depositor’s right, title and interest in, to and
      under, whether now owned or hereafter acquired, the Trust Fund and the
      Supplemental Interest Trust and all proceeds of any and all property
      constituting the Trust Fund and the Supplemental Interest Trust to secure
      payment of the Certificates (such security interest being, to the extent of
      the
      assets that constitute the Supplemental Interest Trust, pari passu with the
      security interest as provided in clause (iv) below; (iii) this Agreement shall
      constitute a security agreement under applicable law; and (iv) the Swap
      Counterparty shall be deemed, during the term of such agreement and while such
      agreement is the property of the Trustee, to have a security interest in all
      of
      the assets that constitute the Supplemental Interest Trust, but only to the
      extent of such Swap Counterparty’s right to payment under the Swap Agreement
      (such security interest being pari passu with the security interest as provided
      in clause (ii) above). If such conveyance is deemed to be in respect of a loan
      and the trust created by this Agreement terminates prior to the satisfaction
      of
      the claims of any Person holding any Certificate, the security interest created
      hereby shall continue in full force and effect and the Trustee shall be deemed
      to be the collateral agent for the benefit of such Person, and all proceeds
      shall be distributed as herein provided.

     

    
      
        
        

      

      
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    ARTICLE
      III

     

    THE
      CERTIFICATES

     

    Section
      3.01.  The
      Certificates.

     

    (a)  The
      Certificates shall be issuable in registered form only and shall be securities
      governed by Article 8 of the New York Uniform Commercial Code. The Book-Entry
      Certificates will be evidenced by one or more certificates, beneficial ownership
      of which will be held in the dollar denominations in Certificate Principal
      Amount or Notional Principal Amount or in the Percentage Interests, specified
      herein. Each Class of Book-Entry Certificates shall be issued in the minimum
      denominations in Certificate Principal Amount (or Notional Amount) or Percentage
      Interest specified in the Preliminary Statement hereto and in integral multiples
      of $1 or 5% (in the case of Certificates issued in Percentage Interests) in
      excess thereof. Each Class of Non-Book Entry Certificates other than the
      Residual Certificate shall be issued in definitive, fully registered form in
      the
      minimum denominations in Certificate Principal Amount (or Notional Amount)
      specified in the Preliminary Statement hereto and in integral multiples of
      $1 in
      excess thereof. The Class R-II, Class R-III and Class P Certificates shall
      each
      be issued as a single Certificate and maintained in definitive, fully registered
      form in a minimum denomination equal to $100. The Class X Certificates shall
      be
      maintained in definitive, fully registered form in a minimum denomination equal
      to 25% of the Percentage Interest of such Class of Certificates. The
      Certificates may be issued in the form of typewritten certificates. One
      Certificate of each Class of Certificates other than any Class of Residual
      Certificates may be issued in any denomination in excess of the minimum
      denomination.

     

    (b)  The
      Certificates shall be executed by manual or facsimile signature by an authorized
      officer of the Trustee or the Authenticating Agent. Each Certificate shall,
      on
      original issue, be authenticated by the Authenticating Agent upon the order
      of
      the Depositor upon receipt by the Trustee of the Mortgage Files described in
      Section 2.01. No Certificate shall be entitled to any benefit under this
      Agreement, or be valid for any purpose, unless there appears on such Certificate
      a certificate of authentication substantially in the form provided for herein,
      executed by an authorized officer of the Trustee or the Authenticating Agent,
      if
      any, by manual signature, and such certification upon any Certificate shall
      be
      conclusive evidence, and the only evidence, that such Certificate has been
      duly
      authenticated and delivered hereunder. All Certificates shall be dated the
      date
      of their authentication. At any time and from time to time after the execution
      and delivery of this Agreement, the Depositor may deliver Certificates executed
      by the Depositor to the Trustee or the Authenticating Agent for authentication
      and the Trustee or the Authenticating Agent shall authenticate and deliver
      such
      Certificates as in this Agreement provided and not otherwise.

     

    
      
        
        

      

      
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    (c)  The
      Privately
      Offered Certificates offered and sold in reliance on the exemption from
      registration under Rule 144A under the Act shall be issued initially in the
      form
      of one or more permanent global Certificates in definitive, fully registered
      form without interest coupons with the applicable legends set forth in Exhibit
      A
      added to the forms of such Certificates (each, a “Restricted Global Security”),
      which shall be deposited on behalf of the subscribers for such Certificates
      represented thereby with the Trustee, as custodian for DTC and registered in
      the
      name of a nominee of DTC, duly executed and authenticated by the Trustee or
      the
      Authenticating Agent as hereinafter provided. The aggregate principal amounts
      of
      the Restricted Global Securities may from time to time be increased or decreased
      by adjustments made on the records of the Trustee or DTC or its nominee, as
      the
      case may be, as hereinafter provided.

     

    The
      Privately Offered Certificates sold in offshore transactions in reliance on
      Regulation S shall be issued initially in the form of one or more permanent
      global Certificates in definitive, fully registered form without interest
      coupons with the applicable legends set forth in Exhibit A hereto added to
      the
      forms of such Certificates (each, a “Regulation S Global Security”), which shall
      be deposited on behalf of the subscribers for such Certificates represented
      thereby with the Trustee, as custodian for DTC and registered in the name of
      a
      nominee of DTC, duly executed and authenticated by the Trustee and the
      Authenticating Agent as hereinafter provided. The aggregate principal amounts
      of
      the Regulation S Global Securities may from time to time be increased or
      decreased by adjustments made on the records of the Trustee or DTC or its
      nominee, as the case may be, as hereinafter provided.

     

    (d)  The
      Privately Offered Certificates sold to an “accredited investor” complying with
      the transfer provision set forth in Section 3.03 under Rule 501(a)(1), (2),
      (3)
      or (7) under the Act shall be issued initially in the form of one or more
      Definitive Certificates.

     

    Section
      3.02.  Registration.

     

    The
      Trustee is hereby appointed, and hereby accepts its appointment as, the initial
      Certificate Registrar in respect of the Certificates and shall maintain books
      for the registration and for the transfer of Certificates (the “Certificate
      Register”). The Trustee may appoint a bank or trust company to act as
      Certificate Registrar. A registration book shall be maintained for the
      Certificates collectively. The Certificate Registrar may resign or be discharged
      or removed and a new successor may be appointed in accordance with the
      procedures and requirements set forth in Sections 6.06 and 6.07 hereof with
      respect to the resignation, discharge or removal of the Trustee and the
      appointment of a successor trustee. The Certificate Registrar may appoint,
      by a
      written instrument delivered to the Holders and the Master Servicer, any bank
      or
      trust company to act as co-registrar under such conditions as the Certificate
      Registrar may prescribe; provided, however, that the Certificate Registrar
      shall
      not be relieved of any of its duties or responsibilities hereunder by reason
      of
      such appointment.

     

    
      
        
        

      

      
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    Section
      3.03.  Transfer
      and Exchange of Certificates.

     

    (a)  A
      Certificate (other than Book-Entry Certificates which shall be subject to
      Section 3.09 hereof) may be transferred by the Holder thereof only upon
      presentation and surrender of such Certificate at the office of the Certificate
      Registrar duly endorsed or accompanied by an assignment duly executed by such
      Holder or his duly authorized attorney in such form as shall be satisfactory
      to
      the Certificate Registrar. Upon the transfer of any Certificate in accordance
      with the preceding sentence, the Trustee shall execute, and the Trustee or
      any
      Authenticating Agent shall authenticate and deliver to the transferee, one
      or
      more new Certificates of the same Class and evidencing, in the aggregate, the
      same aggregate Certificate Principal Amount or Percentage Interest as the
      Certificate being transferred. No service charge shall be made to a
      Certificateholder for any registration of transfer of Certificates, but the
      Certificate Registrar may require payment of a sum sufficient to cover any
      tax
      or governmental charge that may be imposed in connection with any registration
      of transfer of Certificates.

     

    (b)  A
      Certificate may be exchanged by the Holder thereof for any number of new
      Certificates of the same Class, in authorized denominations, representing in
      the
      aggregate the same Certificate Principal Amount or Percentage Interest as the
      Certificate surrendered, upon surrender of the Certificate to be exchanged
      at
      the office of the Certificate Registrar duly endorsed or accompanied by a
      written instrument of transfer duly executed by such Holder or his duly
      authorized attorney in such form as is satisfactory to the Certificate
      Registrar. Certificates delivered upon any such exchange will evidence the
      same
      obligations, and will be entitled to the same rights and privileges, as the
      Certificates surrendered. No service charge shall be made to a Certificateholder
      for any exchange of Certificates, but the Certificate Registrar may require
      payment of a sum sufficient to cover any tax or governmental charge that may
      be
      imposed in connection with any exchange of Certificates. Whenever any
      Certificates are so surrendered for exchange, the Trustee shall execute, and
      the
      Trustee or any Authenticating Agent shall authenticate, date and deliver the
      Certificates which the Certificateholder making the exchange is entitled to
      receive.

     

    (c)  By
      acceptance of a Restricted Certificate or a Regulation S Global Security,
      whether upon original issuance or subsequent transfer, each Holder of such
      a
      Certificate acknowledges the restrictions on the transfer of such Certificate
      set forth thereon and agrees that it will transfer such a Certificate only
      as
      provided herein. In addition, each Holder of a Regulation S Global Security
      shall be deemed to have represented and warranted to the Trustee, the
      Certificate Registrar and any of their respective successors that: (i) such
      Person is not a U.S. person within the meaning of Regulation S and was, at
      the
      time the buy order was originated, outside the United States and (ii) such
      Person understands that such Certificates have not been registered under the
      Securities Act of 1933, as amended (the “Act”), and that (x) until the
      expiration of the 40-day distribution compliance period (within the meaning
      of
      Regulation S), no offer, sale, pledge or other transfer of such Certificates
      or
      any interest therein shall be made in the United States or to or for the account
      or benefit of a U.S. person (each as defined in Regulation S), (y) if in the
      future it decides to offer, resell, pledge or otherwise transfer such
      Certificates, such Certificates may be offered, resold, pledged or otherwise
      transferred only (A) to a person which the seller reasonably believes is a
      “qualified institutional buyer” (a “QIB”) as defined in Rule 144A under the Act,
      that is purchasing such Certificates for its own account or for the account
      of a
      qualified institutional buyer to which notice is given that the transfer is
      being made in reliance on Rule 144A or (B) in an offshore transaction (as
      defined in Regulation S) in compliance with the provisions of Regulation S,
      in
      each case in compliance with the requirements of this Agreement; and it will
      notify such transferee of the transfer restrictions specified in this
      Section.

     

    
      
        
        

      

      
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    The
      following restrictions shall apply with respect to the transfer and registration
      of transfer of a Restricted Certificate to a transferee that takes delivery
      in
      the form of a Definitive Certificate:

     

    (i)  The
      Certificate Registrar shall register the transfer of a Restricted Certificate
      if
      the requested transfer is (x) to the Depositor or the Placement Agent, an
      affiliate (as defined in Rule 405 under the Act) of the Depositor or the
      Placement Agent or (y) being made to a QIB by a transferor that has provided
      the
      Certificate Registrar with a certificate in the form of Exhibit F hereto;
      and

     

    (ii)  The
      Certificate Registrar shall register the transfer of a Restricted Certificate
      if
      the requested transfer is being made to an “accredited investor” under Rule
      501(a)(1), (2), (3) or (7) under the Act by a transferor who furnishes to the
      Certificate Registrar a letter of the transferee substantially in the form
      of
      Exhibit G hereto.

     

    (d)  
      No
      transfer of an ERISA-Restricted Swap Certificate shall be registered unless
      the
      Trustee and the Certificate Registrar shall have received a representation
      substantially in the form of Exhibit H hereto that either (i) the transferee
      is
      not, and is not acting for, on behalf of or with any assets of, an employee
      benefit plan or other arrangement subject to Title I of ERISA or plan subject
      to
      Section 4975 of the Code, or (ii) until the termination of the Swap Agreement,
      the acquisition and holding of such Certificate will
      not
      constitute or result in a nonexempt prohibited transaction under Title I of
      ERISA or Section 4975 of the Code.

     

    No
      Transfer of an ERISA-Restricted Certificate or a Residual Certificate will
      be
      registered unless the Trustee, the Certificate Registrar and the Depositor
      receive (A) a representation as set forth in Exhibit D-1 for Residual
      Certificates or Exhibit H for ERISA-Restricted Certificates to the effect that
      such transferee is not an employee benefit plan or arrangement subject to Title
      I of ERISA, a plan subject to Section 4975 of the Code or a plan subject to
      any
      provisions under any federal, state, local, non-U.S. or other laws or
      regulations that are substantively similar to the foregoing provisions of ERISA
      or the Code (“Similar Law”) (collectively, a “Plan”), and is not directly or
      indirectly acquiring the ERISA-Restricted Certificate or Residual Certificate
      for, on behalf of, or with any assets of any such Plan, or (B) solely in the
      case of ERISA-Restricted Certificates (I) if the Certificate has been the
      subject of an ERISA-Qualifying Underwriting, a representation as set forth
      in
      Exhibit H that such transferee is an insurance company that is acquiring the
      Certificate with assets contained in an “insurance company general account,” as
      defined in Section V(e) of PTCE 95-60, and the acquisition and holding of the
      Certificate are covered and exempt under Sections I and III of PTCE 95-60,
      or
      (II) solely in the case of an ERISA-Restricted Certificate that is a Definitive
      Certificate, an Opinion of Counsel satisfactory to the Trustee, the Certificate
      Registrar and the Depositor, and upon which the Trustee, the Certificate
      Registrar and the Depositor shall be entitled to rely, to the effect that the
      acquisition and holding of such Certificate will not constitute or result in
      a
      nonexempt prohibited transaction under ERISA or the Code, or a violation of
      Similar Law, and will not subject the Trustee, the Certificate Registrar, the
      Master Servicer or the Depositor to any obligation in addition to those
      expressly undertaken in this Agreement, which Opinion of Counsel shall not
      be an
      expense of the Trustee, the Certificate Registrar, the Master Servicer or the
      Depositor.

     

    
      
        
        

      

      
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    Except
      in
      the case of a Definitive Certificate, the representations set forth in the
      preceding two paragraphs, other than clause (B)(II) in the immediately preceding
      paragraph, shall be deemed to have been made to the Trustee, the Certificate
      Registrar and the Depositor by the transferee’s acceptance of an
      ERISA-Restricted Swap Certificate, ERISA-Restricted Certificate or Residual
      Certificate (or the acceptance by a Certificate Owner of the beneficial interest
      in any Class of ERISA-Restricted Swap Certificate, ERISA-Restricted Certificate
      or Residual Certificate). The Trustee, the Certificate Registrar and the
      Depositor shall not have any obligation to monitor transfers of Book-Entry
      Certificates or Restricted Global Securities that are ERISA-Restricted Swap
      Certificate, ERISA-Restricted Certificates or Residual Certificates or any
      liability for transfers of such Certificates in violation of the transfer
      restrictions.

     

    Notwithstanding
      any other provision herein to the contrary, any purported transfer of an
      ERISA-Restricted Swap Certificate, ERISA-Restricted Certificate or Residual
      Certificate to or on behalf of a Plan without the delivery to the Trustee,
      the
      Certificate Registrar and the Depositor of a representation or an Opinion of
      Counsel satisfactory to the Trustee, the Certificate Registrar and the Depositor
      as described above shall be void and of no effect and the next preceding
      permitted beneficial owner will be treated as the beneficial owner of that
      Certificate, retroactive to the date of transfer to the purported beneficial
      owner. The Trustee, the Certificate Registrar and the Depositor shall not have
      any liability to any Person for any registration or transfer of any
      ERISA-Restricted Swap Certificate, ERISA-Restricted Certificate or Residual
      Certificate that is in fact not permitted by this Section 3.03(d) and the
      Trustee, the Certificate Registrar and the Depositor shall not have any
      liability for making any payments due on such Certificate to the Holder thereof
      or taking any other action with respect to such Holder under the provisions
      of
      this Agreement so long as the transfer was registered by the Certificate
      Registrar in accordance with the foregoing requirements. The Trustee, the
      Certificate Registrar and the Depositor shall be entitled, but not obligated,
      to
      recover from any Holder of any ERISA-Restricted Swap Certificate,
      ERISA-Restricted Certificate or Residual Certificate that was in fact a Plan
      and
      that held such Certificate in violation of this Section 3.03(d) all payments
      made on such ERISA-Restricted Certificate at and after the time it commenced
      such holding. Any such payments so recovered shall be paid and delivered to
      the
      last preceding Holder of such Certificate that is not a Plan.

     

    (e)  As
      a
      condition of the registration of transfer or exchange of any Certificate, the
      Certificate Registrar may require the certified taxpayer identification number
      of the owner of the Certificate and the payment of a sum sufficient to cover
      any
      tax or other governmental charge imposed in connection therewith; provided,
      however, that the Certificate Registrar shall have no obligation to require
      such
      payment or to determine whether or not any such tax or charge may be applicable.
      No service charge shall be made to the Certificateholder for any registration,
      transfer or exchange of a Certificate.

     

    (f)  Notwithstanding
      anything to the contrary contained herein, no Residual Certificate may be owned,
      pledged or transferred, directly or indirectly, by or to (i) a Disqualified
      Organization or (ii) an individual, corporation or partnership or other person
      unless, in the case of clause (ii), such person is (A) not a Non-U.S. Person
      or
      (B) is a Non-U.S. Person that holds a Residual Certificate in connection with
      the conduct of a trade or business within the United States and has furnished
      the transferor and the Trustee with an effective Internal Revenue Service Form
      W-8ECI or successor form at the time and in the manner required by the Code
      (any
      such person who is not covered by clause (A) or (B) above is referred to herein
      as a “Non-permitted Foreign Holder”).

     

    
      
        
        

      

      
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    Prior
      to
      and as a condition of the registration of any transfer, sale or other
      disposition of a Residual Certificate, the proposed transferee shall deliver
      to
      the Trustee an affidavit in substantially the form attached hereto as Exhibit
      D-1 representing and warranting, among other things, that such transferee is
      neither a Disqualified Organization, an agent or nominee acting on behalf of
      a
      Disqualified Organization, nor a Non-permitted Foreign Holder (any such
      transferee, a “Permitted Transferee”), and the proposed transferor shall deliver
      to the Trustee an affidavit in substantially the form attached hereto as Exhibit
      D-2. In addition, the Trustee may (but shall have no obligation to) require,
      prior to and as a condition of any such transfer, the delivery by the proposed
      transferee of an Opinion of Counsel, addressed to the Depositor, the Master
      Servicer, any NIMS Insurer and the Trustee satisfactory in form and substance
      to
      the Depositor, that such proposed transferee or, if the proposed transferee
      is
      an agent or nominee, the proposed beneficial owner, is not a Disqualified
      Organization, agent or nominee thereof, or Non-permitted Foreign Holder.
      Notwithstanding the registration in the Certificate Register of any transfer,
      sale, or other disposition of a Residual Certificate to a Disqualified
      Organization, an agent or nominee thereof, or Non-permitted Foreign Holder,
      such
      registration shall be deemed to be of no legal force or effect whatsoever and
      such Disqualified Organization, agent or nominee thereof, or Non-permitted
      Foreign Holder shall not be deemed to be a Certificateholder for any purpose
      hereunder, including, but not limited to, the receipt of distributions on such
      Residual Certificate. Neither the Trustee nor the Certificate Registrar shall
      be
      under any liability to any person for any registration or transfer of a Residual
      Certificate to a Disqualified Organization, agent or nominee thereof, or
      Non-permitted Foreign Holder or for the maturity of any payments due on such
      Residual Certificate to the Holder thereof or for taking any other action with
      respect to such Holder under the provisions of the Agreement, so long as the
      transfer was effected in accordance with this Section 3.03(f), unless a
      Responsible Officer of the Trustee or the Certificate Registrar shall have
      actual knowledge at the time of such transfer or the time of such payment or
      other action that the transferee is a Disqualified Organization, agent or
      nominee thereof, or Non-permitted Foreign Holder. The Trustee or the Certificate
      Registrar shall be entitled to recover from any Holder of a Residual Certificate
      that was a Disqualified Organization, agent or nominee thereof, or Non-permitted
      Foreign Holder at the time it became a Holder or any subsequent time it became
      a
      Disqualified Organization, agent or nominee thereof, or Non-permitted Foreign
      Holder, all payments made on such Residual Certificate at and after either
      such
      times (and all costs and expenses, including but not limited to attorneys’ fees,
      incurred in connection therewith). Any payment (not including any such costs
      and
      expenses) so recovered by the Trustee or the Certificate Registrar shall be
      paid
      and delivered to the last preceding Holder of such Residual
      Certificate.

     

    If
      any
      purported transferee shall become a registered Holder of a Residual Certificate
      in violation of the provisions of this Section 3.03(f), then upon receipt of
      written notice to the Trustee or the Certificate Registrar that the registration
      of transfer of such Residual Certificate was not in fact permitted by this
      Section 3.03(f), the last preceding Permitted Transferee shall be restored
      to
      all rights as Holder thereof retroactive to the date of such registration of
      transfer of such Residual Certificate. Neither the Trustee nor the Certificate
      Registrar shall be under any liability to any Person for any registration of
      transfer of a Residual Certificate that is in fact not permitted by this Section
      3.03(f), for making any payment due on such Certificate to the registered Holder
      thereof or for taking any other action with respect to such Holder under the
      provisions of this Agreement so long as the transfer was registered upon receipt
      of the affidavit described in the preceding paragraph of this Section
      3.03(f).

     

    
      
        
        

      

      
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    (g)  Each
      Holder of a Residual Certificate, by such Holder’s acceptance thereof, shall be
      deemed for all purposes to have consented to the provisions of this
      section.

     

    (h)  Notwithstanding
      any provision to the contrary herein, so long as a Global Security representing
      any of the Privately Offered Certificates remains outstanding and is held by
      or
      on behalf of DTC, transfers of a Global Security representing any such
      Certificates, in whole or in part, shall only be made in accordance with Section
      3.01 and this Section 3.03(h).

     

    (i)  Subject
      to clauses (ii) and (iii) of this Section 3.03(h), transfers of a Global
      Security representing any of the Privately Offered Certificates shall be limited
      to transfers of such Global Security, in whole or in part, to nominees of DTC
      or
      to a successor of DTC or such successor’s nominee.

     

    (ii)  Restricted
      Global Security to Regulation S Global Security.
      If a
      holder of a beneficial interest in a Restricted Global Security deposited with
      or on behalf of DTC wishes at any time to exchange its interest in such
      Restricted Global Security for an interest in a Regulation S Global Security,
      or
      to transfer its interest in such Restricted Global Security to a Person who
      wishes to take delivery thereof in the form of an interest in a Regulation
      S
      Global Security, such holder, provided such holder is not a U.S. person, may,
      subject to the rules and procedures of DTC, exchange or cause the exchange
      of
      such interest for an equivalent beneficial interest in the Regulation S Global
      Security. Upon receipt by the Certificate Registrar, of (I) instructions from
      DTC directing the Certificate Registrar, to be credited a beneficial interest
      in
      a Regulation S Global Security in an amount equal to the beneficial interest
      in
      such Restricted Global Security to be exchanged but not less than the minimum
      denomination applicable to such holder’s Certificates held through a Regulation
      S Global Security, (II) a written order given in accordance with DTC’s
      procedures containing information regarding the participant account of DTC
      and,
      in the case of a transfer pursuant to and in accordance with Regulation S,
      the
      Euroclear or Clearstream account to be credited with such increase and (III)
      a
      certificate in the form of Exhibit L-1 hereto given by the holder of such
      beneficial interest stating that the exchange or transfer of such interest
      has
      been made in compliance with the transfer restrictions applicable to the Global
      Securities, including that the holder is not a U.S. person, and pursuant to
      and
      in accordance with Regulation S, the Certificate Registrar, shall reduce the
      principal amount of the Restricted Global Security and increase the principal
      amount of the Regulation S Global Security by the aggregate principal amount
      of
      the beneficial interest in the Restricted Global Security to be exchanged,
      and
      shall instruct Euroclear or Clearstream, as applicable, concurrently with such
      reduction, to credit or cause to be credited to the account of the Person
      specified in such instructions a beneficial interest in the Regulation S Global
      Security equal to the reduction in the principal amount of the Restricted Global
      Security.

     

    
      
        
        

      

      
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    (iii)  Regulation
      S Global Security to Restricted Global Security.
      If a
      holder of a beneficial interest in a Regulation S Global Security deposited
      with
      or on behalf of DTC wishes at any time to transfer its interest in such
      Regulation S Global Security to a Person who wishes to take delivery thereof
      in
      the form of an interest in a Restricted Global Security, such holder may,
      subject to the rules and procedures of DTC, exchange or cause the exchange
      of
      such interest for an equivalent beneficial interest in a Restricted Global
      Security. Upon receipt by the Certificate Registrar, of (I) instructions from
      DTC directing the Certificate Registrar, to cause to be credited a beneficial
      interest in a Restricted Global Security in an amount equal to the beneficial
      interest in such Regulation S Global Security to be exchanged but not less
      than
      the minimum denomination applicable to such holder’s Certificates held through a
      Restricted Global Security, to be exchanged, such instructions to contain
      information regarding the participant account with DTC to be credited with
      such
      increase, and (II) a certificate in the form of Exhibit L-2 hereto given by
      the
      holder of such beneficial interest and stating, among other things, that the
      Person transferring such interest in such Regulation S Global Security
      reasonably believes that the Person acquiring such interest in a Restricted
      Global Security is a QIB, is obtaining such beneficial interest in a transaction
      meeting the requirements of Rule 144A under the Act and in accordance with
      any
      applicable securities laws of any State of the United States or any other
      jurisdiction, then the Certificate Registrar, will reduce the principal amount
      of the Regulation S Global Security and increase the principal amount of the
      Restricted Global Security by the aggregate principal amount of the beneficial
      interest in the Regulation S Global Security to be transferred and the
      Certificate Registrar, shall instruct DTC, concurrently with such reduction,
      to
      credit or cause to be credited to the account of the Person specified in such
      instructions a beneficial interest in the Restricted Global Security equal
      to
      the reduction in the principal amount of the Regulation S Global
      Security.

     

    (iv)  Other
      Exchanges.
      In the
      event that a Global Security is exchanged for Certificates in definitive
      registered form without interest coupons, pursuant to Section 3.09(c) hereof,
      such Certificates may be exchanged for one another only in accordance with
      such
      procedures as are substantially consistent with the provisions above (including
      certification requirements intended to insure that such transfers comply with
      Rule 144A, comply with Rule 501(a)(1), (2), (3) or (7) or are to Non-U.S.
      Persons in compliance with Regulation S under the Act, as the case may be),
      and
      as may be from time to time adopted by the Certificate Registrar.

     

    (v)  Restrictions
      on U.S. Transfers.
      Transfers of interests in the Regulation S Global Security to U.S. persons
      (as
      defined in Regulation S) shall be limited to transfers made pursuant to the
      provisions of Section 3.03(h)(iii).

     

    
      Section
        3.04.  Cancellation
        of Certificates.

    

    
      
        
        

      

      
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    Any
      Certificate surrendered for registration of transfer or exchange shall be
      cancelled and retained in accordance with normal retention policies with respect
      to cancelled certificates maintained by the Trustee or the Certificate
      Registrar.

     

    Section
      3.05.  Replacement
      of Certificates.

     

    If
      (i)
      any Certificate is mutilated and is surrendered to the Trustee or any
      Authenticating Agent or (ii) the Trustee or any Authenticating Agent receives
      evidence to its satisfaction of the destruction, loss or theft of any
      Certificate, and there is delivered to any NIMS Insurer and the Trustee or
      the
      Authenticating Agent such security or indemnity as may be required by them
      to
      save each of them harmless, then, in the absence of notice to the Depositor
      and
      any Authenticating Agent that such destroyed, lost or stolen Certificate has
      been acquired by a bona fide purchaser, the Trustee shall execute and the
      Trustee or the Authenticating Agent shall authenticate and deliver, in exchange
      for or in lieu of any such mutilated, destroyed, lost or stolen Certificate,
      a
      new Certificate of like tenor and Certificate Principal Amount. Upon the
      issuance of any new Certificate under this Section 3.05, the Trustee and
      Authenticating Agent may require the payment of a sum sufficient to cover any
      tax or other governmental charge that may be imposed in relation thereto and
      any
      other expenses (including the fees and expenses of the Trustee or the
      Authenticating Agent) connected therewith. Any replacement Certificate issued
      pursuant to this Section 3.05 shall constitute complete and indefeasible
      evidence of ownership in the applicable Trust Fund, as if originally issued,
      whether or not the lost, stolen or destroyed Certificate shall be found at
      any
      time.

     

    Section
      3.06.  Persons
      Deemed Owners.

     

    Subject
      to the provisions of Section 3.09 with respect to Book-Entry Certificates,
      the
      Depositor, the Master Servicer, the Trustee, any NIMS Insurer, the Certificate
      Registrar and any agent of any of them may treat the Person in whose name any
      Certificate is registered upon the books of the Certificate Registrar as the
      owner of such Certificate for the purpose of receiving distributions pursuant
      to
      Sections 5.01 and 5.02 and for all other purposes whatsoever, and neither the
      Depositor, the Master Servicer, the Trustee, any NIMS Insurer, the Certificate
      Registrar nor any agent of any of them shall be affected by notice to the
      contrary.

     

    Section
      3.07.  Temporary
      Certificates.

     

    (a)  Pending
      the preparation of Definitive Certificates, upon the order of the Depositor,
      the
      Trustee shall execute and the Trustee or Authenticating Agent shall authenticate
      and deliver temporary Certificates that are printed, lithographed, typewritten,
      mimeographed or otherwise produced, in any authorized denomination,
      substantially of the tenor of the Definitive Certificates in lieu of which
      they
      are issued and with such variations as the authorized officers executing such
      Certificates may determine, as evidenced by their execution of such
      Certificates.

     

    (b)  If
      temporary Certificates are issued, the Depositor will cause Definitive
      Certificates to be prepared without unreasonable delay. After the preparation
      of
      Definitive Certificates, the temporary Certificates shall be exchangeable for
      Definitive Certificates upon surrender of the temporary Certificates at the
      office or agency of the Certificate Registrar without charge to the Holder.
      Upon
      surrender for cancellation of any one or more temporary Certificates, the
      Trustee shall execute, and the Authenticating Agent shall authenticate and
      deliver in exchange therefor a like aggregate Certificate Principal Amount
      of
      Definitive Certificates of the same Class in the authorized denominations.
      Until
      so exchanged, the temporary Certificates shall in all respects be entitled
      to
      the same benefits under this Agreement as Definitive Certificates of the same
      Class.

     

    
      
        
        

      

      
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    Section
      3.08.  Appointment
      of Paying Agent.

     

    (a) The
      Trustee hereby appoints itself as Paying Agent and in such capacity shall be
      afforded the same protections, rights and indemnifications afforded to it as
      Trustee. The Trustee may appoint a successor Paying Agent, acceptable to the
      NIMS Insurer, for the purpose of making distributions to Certificateholders
      hereunder. The Trustee shall cause such Paying Agent (if other than the Trustee)
      to execute and deliver to the Trustee an instrument in which such Paying Agent
      shall agree with the Trustee that such Paying Agent will hold all sums held
      by
      it for the payment to Certificateholders in an Eligible Account in trust for
      the
      benefit of the Certificateholders entitled thereto until such sums shall be
      paid
      to the Certificateholders. All funds remitted by the Trustee to any such Paying
      Agent for the purpose of making distributions shall be paid to
      Certificateholders on each Distribution Date and any amounts not so paid shall
      be returned on such Distribution Date to the Trustee. If the Paying Agent is
      not
      the Trustee, the Trustee shall cause the funds to be remitted to the Paying
      Agent on or before the Business Day prior to each Distribution Date, by wire
      transfer in immediately available funds, the funds to be distributed on such
      Distribution Date.

     

    (b) Any
      Paying Agent shall be either a bank or trust company or otherwise authorized
      under law to exercise corporate trust powers. A Paying Agent shall comply with
      its reporting obligations under Regulation AB with respect to the Trust Fund
      in
      form and substance similar to those of the Trustee pursuant to Section 6.20
      and
      Section 9.25, and the related assessment of compliance and attestation shall
      cover, at a minimum, the matters indicated as obligations with respect to the
      Paying Agent on Exhibit O attached hereto. In addition, the Paying Agent (if
      other than the Trustee) shall notify the Sponsor, the Master Servicer and the
      Depositor within five (5) calendar days of knowledge thereof (i) of any legal
      proceedings pending against the Paying Agent of the type described in Item
      1117
      (§ 229.1117) of Regulation AB, (ii) any merger, consolidation or sale of
      substantially all of the assets of the Paying Agent and (iii) if the Paying
      Agent shall become (but only to the extent not previously disclosed) at any
      time
      an Affiliate of any of the parties listed on Exhibit R hereto or any of their
      Affiliates.

     

    (c) Any
      Paying Agent (if other than the Trustee) agrees to indemnify the Depositor,
      the
      Trustee and the Master Servicer, and each of their respective directors,
      officers, employees and agents and the Trust Fund and hold each of them harmless
      from and against any losses, damages, penalties, fines, forfeitures, legal
      fees
      and expenses and related costs, judgments, and any other costs, fees and
      expenses that any of them may sustain arising out of or based upon the failure
      by such Paying Agent to deliver any information, report or certification when
      and as required under Section 6.20 and Section 9.25(a), provided, however,
      that
      this sentence shall not apply if the Paying Agent is the Trustee. This
      indemnification shall survive the termination of this Agreement or the
      termination of such Paying Agent hereunder.

     

    
      Section
        3.09.  Book-Entry
        Certificates.

    

    
      
        
        

      

      
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    (a)  Each
      Class of Book-Entry Certificates, upon original issuance, shall be issued in
      the
      form of one or more typewritten Certificates representing the Book-Entry
      Certificates, to be delivered to The Depository Trust Company, the initial
      Clearing Agency, by, or on behalf of, the Depositor. The Book-Entry Certificates
      shall initially be registered on the Certificate Register in the name of the
      nominee of the Clearing Agency, and no Certificate Owner will receive a
      Definitive Certificate representing such Certificate Owner’s interest in the
      Book-Entry Certificates, except as provided in Section 3.09(c). Unless
      Definitive Certificates have been issued to Certificate Owners of Book-Entry
      Certificates pursuant to Section 3.09(c):

     

    (i)  the
      provisions of this Section 3.09 shall be in full force and effect;

     

    (ii)  the
      Depositor, the Master Servicer, the Paying Agent, the Certificate Registrar
      and
      the Trustee may deal with the Clearing Agency for all purposes (including the
      making of distributions on the Book-Entry Certificates) as the authorized
      representatives of the Certificate Owners and the Clearing Agency shall be
      responsible for crediting the amount of such distributions to the accounts
      of
      such Persons entitled thereto, in accordance with the Clearing Agency’s normal
      procedures;

     

    (iii)  to
      the
      extent that the provisions of this Section 3.09 conflict with any other
      provisions of this Agreement, the provisions of this Section 3.09 shall control;
      and

     

    (iv)  the
      rights of Certificate Owners shall be exercised only through the Clearing Agency
      and the Clearing Agency Participants and shall be limited to those established
      by law and agreements between such Certificate Owners and the Clearing Agency
      and/or the Clearing Agency Participants. Unless and until Definitive
      Certificates are issued pursuant to Section 3.09(c), the initial Clearing Agency
      will make book-entry transfers among the Clearing Agency Participants and
      receive and transmit distributions of principal of and interest on the
      Book-Entry Certificates to such Clearing Agency Participants.

     

    (b)  Whenever
      notice or other communication to the Certificateholders is required under this
      Agreement, unless and until Definitive Certificates shall have been issued
      to
      Certificate Owners pursuant to Section 3.09(c), the Trustee shall give all
      such
      notices and communications specified herein to be given to Holders of the
      Book-Entry Certificates to the Clearing Agency.

     

    (c)  If
      (i)
      (A) the Depositor advises the Certificate Registrar in writing that the Clearing
      Agency is no longer willing or able to discharge properly its responsibilities
      with respect to the Book-Entry Certificates, and (B) the Depositor is unable
      to
      locate a qualified successor, (ii) the Depositor, at its option, advises the
      Trustee in writing that it elects to terminate the book-entry system through
      the
      Clearing Agency or (iii) after the occurrence of an Event of Default,
      Certificate Owners representing beneficial interests aggregating not less than
      50% of the Class Principal Amount of a Class of Book-Entry Certificates
      identified as such to the Trustee by an Officer’s Certificate from the Clearing
      Agency advise the Trustee and the Clearing Agency through the Clearing Agency
      Participants in writing that the continuation of a book-entry system through
      the
      Clearing Agency is no longer in the best interests of the Certificate Owners
      of
      a Class of Book-Entry Certificates, the Trustee shall notify the Clearing Agency
      to effect notification to all Certificate Owners, through the Clearing Agency,
      of the occurrence of any such event and of the availability of Definitive
      Certificates to Certificate Owners requesting the same. Upon surrender to the
      Trustee of the Book-Entry Certificates by the Clearing Agency, accompanied
      by
      registration instructions from the Clearing Agency for registration, the Trustee
      shall issue the Definitive Certificates. Neither the Depositor nor the Trustee
      shall be liable for any delay in delivery of such instructions and may
      conclusively rely on, and shall be protected in relying on, such instructions.
      Upon the issuance of Definitive Certificates all references herein to
      obligations imposed upon or to be performed by the Clearing Agency shall be
      deemed to be imposed upon and performed by the Trustee, to the extent
      applicable, with respect to such Definitive Certificates and the Trustee shall
      recognize the holders of the Definitive Certificates as Certificateholders
      hereunder.

     

    
      
        
        

      

      
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    ARTICLE
      IV

     

    ADMINISTRATION
      OF THE TRUST FUND

     

    Section
      4.01.  Collection
      Account.

     

    (a)  On
      the
      Closing Date, the Master Servicer shall open and shall thereafter maintain
      a
      segregated account held in trust (the “Collection Account”), entitled “Aurora
      Loan Services LLC as Master Servicer, in trust for the benefit of the Holders
      of
      Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
      Certificates, Series 2007-3.” The Collection Account shall relate solely to the
      Certificates issued by the Trust Fund hereunder, and funds in such Collection
      Account shall not be commingled with any other monies.

     

    (b)  The
      Collection Account shall be an Eligible Account. If an existing Collection
      Account ceases to be an Eligible Account, the Master Servicer shall establish
      a
      new Collection Account that is an Eligible Account within 10 days and transfer
      all funds on deposit in such existing Collection Account into such new
      Collection Account.

     

    (c)  The
      Master Servicer shall give to the Trustee prior written notice of the name
      and
      address of the depository institution at which the Collection Account is
      maintained and the account number of such Collection Account. No later than
      1:00
      p.m. New York City time on each Deposit Date, the entire amount on deposit
      in
      the Collection Account (subject to permitted withdrawals set forth in Section
      4.02), not including any amounts which are to be excluded from the Available
      Distribution Amount for such Distribution Date pursuant to clauses (A) through
      (H) of paragraph (i) of the definition thereof (other than any amounts due
      or
      reimbursable to the Trustee or the Custodians pursuant to this Agreement),
      shall
      be remitted to the Trustee for deposit into the Certificate Account by wire
      transfer in immediately available funds. The Master Servicer, at its option
      (but
      with prior notice to Trustee), may choose to make daily remittances from the
      Collection Account to the Trustee for deposit into the Certificate
      Account.

     

    (d)  The
      Master Servicer shall deposit or cause to be deposited into the Collection
      Account, no later than the second Business Day following the Closing Date,
      any
      amounts representing Scheduled Payments on the Mortgage Loans due after the
      Cut-off Date and received by the Master Servicer on or before the Closing Date.
      Thereafter, the Master Servicer shall deposit or cause to be deposited in the
      Collection Account on the earlier of the applicable Remittance Date and two
      Business Days following receipt thereof, the following amounts received or
      payments made by it (other than in respect of principal of and interest on
      the
      Mortgage Loans due on or before the Cut-Off Date):

     

    
      
        
        

      

      
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    (i)  all
      payments on account of principal, including Principal Prepayments and late
      collections, on the Mortgage Loans;

     

    (ii)  all
      payments on account of interest on the Mortgage Loans (other than payments
      due
      prior to the Cut-off Date), net of the applicable Servicing Fee and Master
      Servicing Fee with respect to each such Mortgage Loan, but only to the extent
      of
      the amount permitted to be withdrawn or withheld from the Collection Account
      in
      accordance with Sections 5.04 and 9.21;

     

    (iii)  any
      unscheduled payment or other recovery with respect to a Mortgage Loan not
      otherwise specified in this paragraph (d), including any Subsequent Recovery,
      all Net Liquidation Proceeds with respect to the Mortgage Loans and REO
      Property, and all amounts received in connection with the operation of any
      REO
      Property, net of any unpaid Servicing Fees and Master Servicing Fees with
      respect to such Mortgage Loans, but only to the extent of the amount permitted
      to be withdrawn or withheld from the Collection Account in accordance with
      Sections 5.04 and 9.21; 

     

    (iv)  all
      Insurance Proceeds;

     

    (v)  all
      Advances made by the Master Servicer or the applicable Servicer pursuant to
      Section 5.04 or the applicable Servicing Agreement;

     

    (vi)  all
      Prepayment Penalty Amounts; 

     

    (vii)  all
      proceeds of any Mortgage Loan purchased by any Person; and 

     

    (viii)  the
      Purchase Price or FPD Purchase Price (including any FPD Premium) of any Mortgage
      Loan repurchased by the Depositor, the Seller, the Master Servicer or any other
      Person, and any Substitution Amount related to any Qualifying Substitute
      Mortgage Loan and any purchase price paid by any NIMS Insurer for the purchase
      of any Distressed Mortgage Loan under Section 7.04. 

     

    (e)  Funds
      in
      the Collection Account may be invested in Eligible Investments (selected by
      and
      at the written direction of the Master Servicer) which shall mature not later
      than one Business Day prior to the Deposit Date (except that if such Eligible
      Investment is an obligation of the Trustee or the Paying Agent, if other than
      the Trustee, and such Collection Account is maintained with the Trustee or
      the
      Paying Agent, if other than the Trustee, then such Eligible Investment shall
      mature not later than such applicable Deposit Date), and any such Eligible
      Investment shall not be sold or disposed of prior to its maturity. All such
      Eligible Investments shall be made in the name of the Master Servicer in trust
      for the benefit of the Trustee and Holders of Structured Adjustable Rate
      Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2007-3. All
      income and gain realized from any such investment shall be for the benefit
      of
      the Master Servicer, while such Collection Account is maintained by the Master
      Servicer, and shall be subject to its withdrawal or order from time to time
      and
      shall not be part of the Trust Fund. The amount of any losses incurred in
      respect of any such investments shall be deposited in such Collection Account
      by
      the Master Servicer out of its own funds, without any right of reimbursement
      therefor, immediately as realized. The foregoing requirements for deposit in
      the
      Collection Account are exclusive, it being understood and agreed that, without
      limiting the generality of the foregoing, payments of interest on funds in
      the
      Collection Account and payments in the nature of late payment charges or
      assumption fees need not be deposited by the Master Servicer in the Collection
      Account and may be retained by the Master Servicer or the applicable Servicer
      as
      additional servicing compensation. If the Master Servicer deposits in the
      Collection Account any amount not required to be deposited therein, it may
      at
      any time withdraw such amount from such Collection Account.

     

    
      
        
        

      

      
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    Section
      4.02.  Application
      of Funds in the Collection Account.

     

    (a)  The
      Master Servicer may, from time to time, make, or cause to be made, withdrawals
      from the Collection Account for the following purposes:

     

    (i)  to
      reimburse itself or any Servicer for Advances made by it or by such Servicer
      pursuant to Section 5.04 or the applicable Servicing Agreement; the Master
      Servicer’s right to reimburse itself pursuant to this subclause (i) is limited
      to amounts received on or in respect of particular Mortgage Loans (including,
      for this purpose, Liquidation Proceeds and amounts representing Insurance
      Proceeds with respect to the property subject to the related Mortgage) which
      represent late recoveries (net of the applicable Servicing Fee and the Master
      Servicing Fee) of payments of principal or interest respecting which any such
      Advance was made, it being understood, in the case of any such reimbursement,
      that the Master Servicer’s or Servicer’s right thereto shall be prior to the
      rights of the Certificateholders;

     

    (ii)  to
      reimburse itself or any Servicer for any Advances or Servicing Advances made
      by
      it or by such Servicer that it or such Servicer determines in good faith will
      not be recoverable from amounts representing late recoveries of payments of
      principal or interest respecting the particular Mortgage Loan as to which such
      Advance or Servicing Advance was made or from Liquidation Proceeds or Insurance
      Proceeds with respect to such Mortgage Loan, it being understood, in the case
      of
      any such reimbursement, that such Master Servicer’s or Servicer’s right thereto
      shall be prior to the rights of the Certificateholders;

     

    (iii)  to
      reimburse itself or any Servicer from Liquidation Proceeds for Liquidation
      Expenses and for amounts expended by it pursuant to Sections 9.20 and 9.22(a)
      or
      the applicable Servicing Agreement in good faith in connection with the
      restoration of damaged property and, to the extent that Liquidation Proceeds
      after such reimbursement exceed the unpaid principal balance of the related
      Mortgage Loan, together with accrued and unpaid interest thereon at the
      applicable Mortgage Rate less the applicable Servicing Fee and the Master
      Servicing Fee for such Mortgage Loan to the Due Date next succeeding the date
      of
      its receipt of such Liquidation Proceeds, to pay to itself out of such excess
      the amount of any unpaid assumption fees, late payment charges or other
      Mortgagor charges on the related Mortgage Loan and to retain any excess
      remaining thereafter as additional servicing compensation, it being understood,
      in the case of any such reimbursement or payment, that such Master Servicer’s or
      Servicer’s right thereto shall be prior to the rights of the
      Certificateholders;

     

    
      
        
        

      

      
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    (iv)  in
      the
      event it has elected not to pay itself the Master Servicing Fee out of any
      Mortgagor payment on account of interest or other recovery with respect to
      a
      particular Mortgage Loan prior to the deposit of such Mortgagor payment or
      recovery in the Collection Account, to pay to itself the Master Servicing Fee
      for each Distribution Date and any unpaid Master Servicing Fees for prior
      Distribution Dates, as reduced pursuant to Section 5.05, from any Mortgagor
      payment as to interest or such other recovery with respect to that Mortgage
      Loan, as is permitted by this Agreement;

     

    (v)  to
      reimburse itself or any Servicer for expenses incurred by and recoverable by
      or
      reimbursable to it or such Servicer pursuant to Section 9.04, 9.06, 9.16 or
      9.22(a) or pursuant to the applicable Servicing Agreement (to the extent such
      reimbursement constitutes “unanticipated expenses” within the meaning of
      Treasury Regulation Section 1.860G-1(b)(3)(ii)), and to reimburse itself for
      any
      expenses reimbursable to it pursuant to Section 10.01(c);

     

    (vi)  to
      pay to
      the applicable Person, with respect to each Mortgage Loan or REO Property
      acquired in respect thereof that has been repurchased by such Person pursuant
      to
      this Agreement, all amounts received thereon and not distributed on the date
      on
      which the related repurchase was effected;

     

    (vii)  subject
      to Section 5.04, to pay to itself income earned on the investment of funds
      deposited in the Collection Account;

     

    (viii)  to
      make
      payments to the Trustee on each Deposit Date for deposit into the Certificate
      Account in the amounts and in the manner provided for in Section
      4.04;

     

    (ix)  to
      make
      payment to itself, the Trustee and others pursuant to any provision of this
      Agreement;

     

    (x)  to
      pay
      the Depositor or the Seller, as applicable, with respect to each Mortgage Loan
      or REO Property acquired in respect thereof that has been purchased pursuant
      to
      this Agreement, all amounts received thereon and not distributed on the date
      on
      which the related prepurchase was effected, and to pay the applicable person
      any
      Advances and Servicing Advances to the extent specified in the definition of
      Purchase Price (or FPD Purchase Price in the case of a First Payment Default
      Loan);

     

    (xi)  to
      withdraw funds deposited in error in the Collection Account;

     

    (xii)  to
      clear
      and terminate any Collection Account pursuant to Section 7.02;

     

    (xiii)  to
      reimburse the Trustee and a successor Master Servicer (solely in its capacity
      as
      successor master servicer), for any fee or advance occasioned by a termination
      of the Master Servicer, and the assumption of such duties by the Trustee or
      a
      successor master servicer appointed by the Trustee pursuant to Section 6.14,
      in
      each case to the extent not reimbursed by the terminated Master Servicer, it
      being understood, in the case of any such reimbursement or payment, that the
      right of the Master Servicer or the Trustee thereto shall be prior to the rights
      of the Certificateholders; and

     

    
      
        
        

      

      
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    (xiv)  to
      reimburse any Servicer for such amounts as are due thereto under the applicable
      Servicing Agreement and have not been retained by or paid to such Servicer
      to
      the extent provided in such Servicing Agreement provided such amounts are
      Servicing Fees or “unanticipated expenses” within the meaning of Treasury
      Regulation Section 1.860G-1(b)(3)(ii).

     

    If
      provided in the related Servicing Agreement, each Servicer shall be entitled
      to
      retain as additional servicing compensation any Prepayment Interest Excess
      (to
      the extent not offset by Prepayment Interest Shortfalls). The Servicers of
      the
      Participations shall be entitled to retain as additional servicing compensation
      any Prepayment Penalty Amounts received with respect to the
      Participations.

     

    In
      connection with withdrawals pursuant to subclauses (i), (ii), (iii), (iv) and
      (vi) above, the Master Servicer’s or Servicer’s entitlement thereto is limited
      to collections or other recoveries on the related Mortgage Loan. The Master
      Servicer shall therefore keep and maintain a separate accounting for each
      Mortgage Loan it master services for the purpose of justifying any withdrawal
      from the Collection Account it maintains pursuant to such subclause (i), (ii),
      (iii), (iv) and (vi).

     

    In
      the
      event that the Master Servicer fails on any Deposit Date to remit to the Trustee
      any amounts required to be so remitted to the Trustee pursuant to sub-clause
      (viii) by such date, the Master Servicer shall pay the Trustee, for the account
      of the Trustee, interest calculated at the “prime rate” (as published in the
“Money Rates” section of The
      Wall Street Journal)
      on such
      amounts not timely remitted for the period from and including that Deposit
      Date
      to but not including the related Distribution Date. The Master Servicer shall
      only be required to pay the Trustee interest for the actual number of days
      such
      amounts are not timely remitted (e.g.,
      one
      day’s interest, if such amounts are remitted one day after the Deposit
      Date).

     

    (b)  The
      Trustee shall afford the NIMS Insurer upon reasonable notice, during normal
      business hours, access to all records maintained by the Trustee in respect
      of
      its duties hereunder and access to officers of the Trustee responsible for
      performing such duties. The Trustee shall cooperate fully with the NIMS Insurer
      and shall make available to the NIMS Insurer for review and copying at the
      expense of the NIMS Insurer, such books, documents or records as may be
      requested with respect to the Trustee’s duties hereunder. The NIMS Insurer shall
      not have any responsibility or liability for any action or failure to act by
      the
      Trustee and are not obligated to supervise the performance of the Trustee under
      this Agreement or otherwise. The Trustee shall cause the Master Servicer, the
      Custodian and the Servicer to provide the NIMS Insurer with access to the
      Mortgage Files upon reasonable notice and during normal business
      hours.

     

    
      Section
        4.03.  Reports
        to Certificateholders.

    

    
      
        
        

      

      
        99

        
          

        

      

      
        
        

      

    

     

     

    (a)  On
      each
      Distribution Date, the Trustee shall prepare (based solely on information
      provided by the Master Servicer, the Swap Counterparty or any Cap Counterparty)
      and shall make available to the Swap Counterparty, the Certificateholders and
      any NIMS Insurer a written report setting forth the following information,
      by
      Mortgage Pool and Certificate Group (on the basis of Mortgage Loan level
      information provided by the applicable Servicer and the Master
      Servicer):

     

    (i)  the
      aggregate amount of the distribution to be made on such Distribution Date to
      the
      Holders of each Class of Certificates, other than any Class of Notional
      Certificates, to the extent applicable, allocable to principal on the Mortgage
      Loans, including any Subsequent Recovery, Liquidation Proceeds and Insurance
      Proceeds, stating separately the amount attributable to scheduled principal
      payments and unscheduled payments in the nature of principal in each Mortgage
      Pool;

     

    (ii)  the
      aggregate amount of the distribution to be made on such Distribution Date to
      the
      Holders of each Class of Certificates allocable to interest, including any
      Accrual Amount added to the Class Principal Amount of any Class of Accrual
      Certificates;

     

    (iii)  the
      amount, if any, of any distributions to the Holders of the Class P, Class X
      (including the 1-X Component, the C-X Component and the S-X Component), and
      Class R Certificates on such Distribution Date, stated separately, and the
      aggregate amounts, if any, of distributions to the Holders of the Class P,
      Class
      X (including the 1-X Component, the C-X Component and the S-X Component) and
      Class R Certificates on all Distribution Dates, stated separately;

     

    (iv)  (A)the
      aggregate amount of any Advances required to be made with respect to the related
      Collection Period by or on behalf of the Master Servicer or any Servicer (or,
      if
      applicable, the Trustee, solely in its capacity as successor master servicer),
      (B)
      the
      aggregate amount of such Advances actually made, and (C)
      the
      amount, if any, by which (A) above exceeds (B) above;

     

    (v)  the
      Aggregate Principal Balance of the Mortgage Loans and the Pool Balance of each
      Mortgage Pool for such Distribution Date, after giving effect to payments
      allocated to principal reported under clause (i) above;

     

    (vi)  the
      Class
      Principal Amount (or Class Notional Amount) of each Class of Certificates,
      to
      the extent applicable, as of such Distribution Date after giving effect to
      payments allocated to principal reported under clause (i) above (and to the
      addition of any Accrual Amount in the case of any Class of Accrual
      Certificates), separately identifying any reduction of any of the foregoing
      Certificate Principal Amounts due to Realized Losses;

     

    (vii)  any
      Realized Losses realized with respect to the Mortgage Loans (x) in the
      applicable Prepayment Period and (y) in the aggregate since the Cut-off Date,
      stating separately the amount of Special Hazard Losses, Fraud Losses and
      Bankruptcy Losses and the aggregate amount of such Realized Losses, and the
      remaining Special Hazard Loss Amount, Fraud Loss Amount and Bankruptcy Loss
      Amount;

     

    
      
        
        

      

      
        100

        
          

        

      

      
        
        

      

    

     

    (viii)  the
      amount of the Master Servicing Fees, Servicing Fees and Trustee Fee paid during
      the Due Period to which such distribution relates;

     

    (ix)  the
      number and aggregate outstanding principal balance of Mortgage Loans (not
      including a Liquidated Mortgage Loan as of the end of the Prepayment Period),
      as
      reported to the Trustee by the Master Servicer, (a) remaining outstanding,
      (b)
      delinquent one month, (c) delinquent two months, (d) delinquent three or more
      months and (e) as to which foreclosure proceedings have been commenced as of
      the
      close of business on the last Business Day of the calendar month immediately
      preceding the month in which such Distribution Date occurs;

     

    (x)  the
      delinquency method (MBA) that is used to calculate the information provided
      under (ix) above;

     

    (xi)  the
      deemed aggregate principal balance of all REO Properties (not including a
      Liquidated Mortgage Loan as of the end of the Prepayment Period) as of the
      close
      of business on the last Business Day of the calendar month immediately preceding
      the month in which such Distribution Date occurs; with respect to substitution
      of Mortgage Loans in the preceding calendar month, the aggregate Scheduled
      Principal Balance of all such Deleted Mortgage Loans, and of all Qualifying
      Substitute Mortgage Loans;

     

    (xii)  the
      aggregate outstanding Interest Shortfalls and Net Prepayment Interest
      Shortfalls, if any, for each Class of Certificates, after giving effect to
      the
      distribution made on such Distribution Date;

     

    (xiii)  the
      Certificate Interest Rate applicable to such Distribution Date with respect
      to
      each Class of Certificates; 

     

    (xiv)  the
      Interest Remittance Amount, the Principal Remittance Amount, the Principal
      Distribution Amount and the Overcollateralization Release Amount applicable
      to
      such Distribution Date;

     

    (xv)  if
      applicable, the amount of any shortfall (i.e., the difference between the
      aggregate amounts of principal and interest which Certificateholders would
      have
      received if there were sufficient available amounts in the Certificate Account
      and the amounts actually distributed);

     

    (xvi)  the
      Overcollateralization Amount after giving effect to the distributions made
      on
      such Distribution Date;

     

    (xvii)  the
      amount of any Overcollateralization Deficiency after giving effect to the
      distributions made in such Distribution Date; 

     

    (xviii)  the
      level
      of LIBOR and the Certificate Interest Rate of each of the LIBOR Certificates;
      

     

    (xix)  the
      amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant
      to Section 5.02, any Net Swap Payment to the Swap Counterparty made pursuant
      to
      Section 5.02, any Swap Termination Payment to the Supplemental Interest Trust
      made pursuant to Sections 5.02 and any Swap Termination Payment to the Swap
      Counterparty made pursuant to Section 5.02; 

     

    
      
        
        

      

      
        101

        
          

        

      

      
        
        

      

    

     

    (xx)  the
      amount of any payments made by the Cap Counterparty to the Trust Fund under
      the
      Interest Rate Cap Agreements; and 

     

    (xxi)  the
      amount of any FPD Premiums, if any, for such Distribution Date. 

     

    In
      the
      case of information furnished pursuant to subclauses (i), (ii) and (vi) above,
      the amounts shall (except with respect to the Class X Certificates) be expressed
      as a dollar amount per $1,000 of original principal amount of
      Certificates.

     

    In
      addition to the information listed above
      for any
      year in which the Depositor is subject to Exchange Act Reporting with respect
      to
      the Certificates,
      such
      Distribution Date report shall also include such other information as is
      required by
      Form
      10-D, including but not limited to, the information required by
      Item
      1121 (§ 229.1121) of Regulation AB
      to the
      extent that the Trustee shall have received any such information from the
      Depositor, the Sponsor, the Master Servicer, the Servicer, any Custodian, any
      cap counterparty or any Subservicer or Subcontractor therefor, as applicable,
      no
      later than four
      Business
      Days prior to the Distribution
      Date.

     

    The
      Trustee shall make such report and additional loan level information (and,
      at
      its option, any additional files provided by the Master Servicer containing
      the
      same information in an alternative format) provided to it by the Master
      Servicer, Swap Counterparty and Cap Counterparty available each month to
      Certificateholders, any NIMS Insurer, Swap
      Counterparty, Cap Counterparty and
      the
      Rating Agencies via the Trustee’s internet website. The Trustee’s internet
      website shall initially be located at www.ctslink.com and assistance in using
      the website can be obtained by calling the Trustee’s customer service desk at
      (301) 815-6600. Such parties that are unable to use the website are entitled
      to
      have a paper copy mailed to them via first class mail by calling the customer
      service desk and indicating such. The Trustee shall have the right to change
      the
      way such statements are distributed in order to make such distribution more
      convenient and/or more accessible to the above parties and the Trustee shall
      provide timely and adequate notification to all above parties regarding any
      such
      changes.

     

    The
      foregoing information and reports shall be prepared and determined by the
      Trustee based solely on Mortgage Loan data provided to the Trustee by the Master
      Servicer (in a format attached hereto as Exhibit J as mutually agreed to by
      the
      Trustee and the Master Servicer, Swap Counterparty and Cap Counterparty ) no
      later than 2:00 p.m. Eastern Time four Business Days prior to the Distribution
      Date. In preparing or furnishing the information to be provided by the Trustee,
      the Master Servicer shall be entitled to rely conclusively on the accuracy
      and
      completeness of the information or data (i) regarding the Mortgage Loans
      (including any Early Payment Default Mortgage Loans) and the related REO
      Property that has been provided to the Master Servicer by the Servicer and
      (ii)
      regarding the Interest Rate Cap Agreement and the Swap Agreement that has been
      provided to the Trustee by the Cap Counterparty and the Swap Counterparty,
      respectively. The Trustee shall be entitled to conclusively rely on the accuracy
      and completeness of (i) the Mortgage Loan data provided by the Master Servicer
      and shall have no liability for any errors or omissions in such Mortgage Loan
      data or other information, (ii) the Master Servicer shall have no liability
      for
      any errors or omissions in such mortgage loan data or information, and (iii)
      the
      information and data provided to the Trustee by the Cap Counterparty and Swap
      Counterparty, and, in each case, the Trustee shall not be obligated to verify,
      reconcile, recomputed or recalculate any such information or data.

     

    
      
        
        

      

      
        102

        
          

        

      

      
        
        

      

    

     

    (b)  Upon
      the
      reasonable advance written request of any Certificateholder that is a savings
      and loan, bank or insurance company, which request, if received by the Trustee,
      will be promptly forwarded to the Master Servicer, the Master Servicer shall
      provide, or cause to be provided, (or, to the extent that such information
      or
      documentation is not required to be provided by a Servicer under the applicable
      Servicing Agreement, shall use reasonable efforts to obtain such information
      and
      documentation from such Servicer, and provide) to such Certificateholder such
      reports and access to information and documentation regarding the Mortgage
      Loans
      as such Certificateholder may reasonably deem necessary to comply with
      applicable regulations of the Office of Thrift Supervision or its successor
      or
      other regulatory authorities with respect to the NIM Securities or an investment
      in the Certificates; provided, however, that the Master Servicer shall be
      entitled to be reimbursed by such Certificateholder for such Master Servicer’s
      actual expenses incurred in providing such reports and access.

     

    (c)  Within
      90
      days, or such shorter period as may be required by statute or regulation, after
      the end of each calendar year, the Trustee shall, have prepared and shall make
      available, upon written request, to each Person who at any time during the
      calendar year was a Certificateholder of record, and to any NIMs Insurer and
      make available to Certificate Owners (identified as such by the Clearing Agency)
      in accordance with applicable regulations, a report summarizing the items
      provided to Certificateholders pursuant to Section 4.03(a) on an annual basis
      as
      may be required to enable such Holders to prepare their federal income tax
      returns; provided, however that this Section 4.03(c) shall not be applicable
      where relevant reports or summaries are required elsewhere in this Agreement.
      Such information shall include the amount of original issue discount accrued
      on
      each Class of Certificates and information regarding the expenses of the Trust
      Fund. The Trustee shall be deemed to have satisfied this requirement if it
      forwards such information in any other format permitted by the Code. The Master
      Servicer, to the extent available to the Master Servicer pursuant to this
      Agreement and each Servicing Agreement, shall provide the Trustee with such
      Mortgage Loan level information as is necessary for the Trustee to prepare
      such
      reports.

     

    (d)  The
      Trustee shall prepare and file with the Internal Revenue Service (“IRS”), on
      behalf of the Trust Fund, an application for an employer identification number
      on IRS Form SS-4 or by any other acceptable method. The Trustee shall also
      file
      a Form 8811 as required. The Trustee, upon receipt from the IRS of the Notice
      of
      Taxpayer Identification Number Assigned, shall upon request promptly forward
      a
      copy of such notice to the Master Servicer and the Depositor. The Trustee shall
      furnish any other information that is required by the Code and regulations
      thereunder to be made available to Certificateholders. The Master Servicer
      shall
      provide the Trustee with such information as is necessary for the Trustee to
      comply with the foregoing to the extent available to the Master Servicer
      pursuant to this Agreement and each Servicing Agreement.

     

    
      
        
        

      

      
        103

        
          

        

      

      
        
        

      

    

     

    Section
      4.04.  Certificate
      Account.

     

    (a)  The
      Trustee shall establish and maintain in its name, as trustee, a trust account
      (the “Certificate Account”), entitled Wells Fargo Bank, N.A. as Trustee in trust
      for the holders of Structured Adjustable Rate Mortgage Loan Trust Mortgage
      Pass-Through Certificates, Series 2007-3, to be held in trust for the benefit
      of
      the Certificateholders until disbursed pursuant to the terms of this Agreement.
      The Certificate Account shall be an Eligible Account. If the existing
      Certificate Account ceases to be an Eligible Account, the Trustee shall
      establish a new Certificate Account that is an Eligible Account within 20
      Business Days and transfer all funds on deposit in such existing Certificate
      Account into such new Certificate Account. The Certificate Account shall relate
      solely to the Certificates issued hereunder and funds in the Certificate Account
      shall be held separate and apart from and shall not be commingled with any
      other
      monies including, without limitation, other monies of the Trustee held under
      this Agreement.

     

    (b)  The
      Trustee shall cause to be deposited into the Certificate Account on the day
      on
      which, or, if such day is not a Business Day, the Business Day immediately
      following the day on which, any monies are remitted by the Master Servicer
      to
      the Trustee all such amounts. The Trustee shall make withdrawals from the
      Certificate Account only for the following purposes:

     

    (i)  to
      withdraw amounts deposited in the Certificate Account in error;

     

    (ii)  to
      pay
      itself the Trustee Fee and any investment income earned with respect to funds
      in
      the Certificate Account invested in Eligible Investments as set forth in
      subsection (c) below, and to make payments to itself and others prior to making
      distributions pursuant to Section 5.02 for any expenses or other indemnification
      owing to itself and others pursuant to any provision of this Agreement or any
      Custodial Agreement (to the extent payment of such expenses or other
      indemnification constitutes “unanticipated expenses” within the meaning of
      Treasury Regulation Section 1.860G-1(b)(3)(ii));

     

    (iii)  to
      make
      payments of the Master Servicing Fee (to the extent not already withheld or
      withdrawn from the Collection Account by the Master Servicer) to the Master
      Servicer;

     

    (iv)  to
      make
      distributions to the Certificateholders pursuant to Article V; and

     

    (v)  to
      clear
      and terminate the Certificate Account pursuant to Section 7.02.

     

    (c)  The
      Trustee may invest, or cause to be invested, funds held in the Certificate
      Account, which funds, if invested, shall be invested in Eligible Investments
      (which may be obligations of the Trustee). All such investments must mature
      no
      later than the next Distribution Date, and shall not be sold or disposed of
      prior to their maturity. All such Eligible Investments will be made in the
      name
      of the Trustee (in its capacity as such) or its nominee. All income and gain
      realized from any such investment shall be paid to the Trustee and shall be
      subject to its withdrawal on order from time to time. The amount of any losses
      incurred in respect of any such investments shall be paid by the Trustee for
      deposit in the Certificate Account out of its own funds, without any right
      of
      reimbursement therefor, immediately as realized. Funds held in the Certificate
      Account that are not invested shall be held in cash.

     

    
      
        
        

      

      
        104

        
          

        

      

      
        
        

      

    

     

    (d)  Except
      as
      otherwise expressly provided in this Agreement, if any default occurs in the
      making of a payment due under any Eligible Investment, or if a default occurs
      in
      any other performance required under any Eligible Investment, the Trustee may
      and, subject to Section 6.01 and Section 6.02(iv), upon the request of the
      NIMS
      Insurer, shall take such action as may be appropriate to enforce such payment
      or
      performance, including the institution and prosecution of appropriate
      proceedings.

     

    ARTICLE
      V

     

    DISTRIBUTIONS
      TO HOLDERS OF CERTIFICATES

     

    Section
      5.01.  Distributions
      Generally.

     

    (a)  Subject
      to Section 7.01 with respect to the final distribution on the Certificates,
      on
      each Distribution Date the Trustee (or any Paying Agent) shall make
      distributions in accordance with this Article V. Such distributions shall be
      made by wire
      transfer if the Certificateholder has provided the Trustee with wire
      instructions or by check mailed to the address of such Certificateholder as
      it
      appears in the books of the Trustee if the Certificateholder has not provided
      the Trustee with wire instructions in
      immediately available funds to an account specified in the request and at the
      expense of such Certificateholder; provided, however, that the final
      distribution in respect of any Certificate shall be made only upon presentation
      and surrender of such Certificate at the Corporate Trust Office. Wire transfers
      may be made at the expense of the Holder requesting such wire transfer by
      deducting a wire transfer fee from the related distribution. Notwithstanding
      such final payment of principal of any of the Certificates, each Residual
      Certificate will remain outstanding until the termination of each REMIC and
      the
      payment in full of all other amounts due with respect to the Residual
      Certificate and at such time such final payment in retirement of the Residual
      Certificate will be made only upon presentation and surrender of such
      Certificate at the Corporate Trust Office of the Certificate Registrar. If
      any
      payment required to be made on the Certificates is to be made on a day that
      is
      not a Business Day, then such payment will be made on the next succeeding
      Business Day.

     

    (b)  All
      distributions or allocations made with respect to Certificateholders within
      each
      Class on each Distribution Date shall be allocated among the outstanding
      Certificates in such Class equally in proportion to their respective initial
      Certificate Principal Amounts (or initial Notional Amounts or Percentage
      Interests).

     

    (c)  The
      Trustee (or Paying Agent, as applicable) shall make payments to
      Certificateholders and the Swap Counterparty and any other person pursuant
      to
      this Article V based solely on the information set forth in the monthly report
      furnished by the Trustee in accordance with Section 4.03(a), and shall be
      entitled to conclusively rely on such information and reports, and on the
      calculations contained therein, when making distributions to Certificateholders,
      the Swap Counterparty and any other party. The Trustee (or Paying Agent, as
      applicable) shall have no liability for any errors in such reports or
      information, and shall not be required to verify, recompute, reconcile or
      recalculate any such information or data.

     

    
      
        
        

      

      
        105

        
          

        

      

      
        
        

      

    

     

    Section
      5.02.  Distributions
      from the Certificate Account.

     

    (a)  On
      each
      Distribution Date, the Trustee (or any successor Paying Agent on behalf of
      the
      Trustee, as applicable) shall withdraw from the Certificate Account the Total
      Distribution Amount (excluding all Prepayment Penalty Amounts) and shall
      allocate such amount to the interests issued in respect of each REMIC and shall
      distribute such amount as specified in this Section. 

     

    (b)  On
      each
      Distribution Date (or, with respect to clause (ii) below, on the related Swap
      Payment Date), the Trustee (or Paying Agent, as applicable) shall distribute
      the
      Interest Remittance Amount for Group I as follows:

     

    (i)  to
      the
      Trustee, the payment of the Trustee Fee allocable to Group I for such
      Distribution Date;

     

    (ii)  for
      deposit into the Supplemental Interest Trust Account, any Net Swap Payment
      or
      Swap Termination Payment (not due to a Swap Counterparty Trigger Event) owed
      to
      the Swap Counterparty (including amounts remaining unpaid from previous
      Distribution Dates);

     

    (iii)  concurrently,
      pro rata, to the Group I Senior Certificates, Current Interest and any
      Carryforward Interest for such classes for such Distribution Date (any shortfall
      in Current Interest and Carryforward Interest to be allocated between such
      Classes in proportion to the amount of Current Interest and Carryforward
      Interest that would otherwise be distributable thereon);

     

    (iv)  
      to the
      Group I Subordinate Certificates in accordance with the Group I Subordinate
      Priority, Current Interest and Carryforward Interest for such classes for such
      Distribution Date; and

     

    (v)  for
      application as part of Monthly Excess Cashflow for such Distribution Date,
      pursuant to Section 5.02(f) below, any such Interest Remittance Amount for
      Group
      I remaining undistributed for such Distribution Date.

     

    (c)  The
      Principal Distribution Amount for Group I will be distributed on each
      Distribution Date (or, with respect to clause (i)(B) below, on the related
      Swap
      Payment Date), as follows:

     

    (i)  On
      each
      Distribution Date (a) prior to the Stepdown Date or (b) on or after the Stepdown
      Date and with respect to which a Trigger Event is in effect, until the aggregate
      Certificate Principal Amount of the Group I Certificates equals the Target
      Amount for such Distribution Date, the Trustee shall distribute the Principal
      Distribution Amount for Group I in the following order of priority:

     

    (A)
      to
      the Trustee, the payment of the Trustee Fee allocable to Group I for such
      Distribution Date (to the extent not distributed pursuant to Section 5.02(b)
      above);

     

    
      
        
        

      

      
        106

        
          

        

      

      
        
        

      

    

     

    (B)
      for
      deposit into the Supplemental Interest Trust Account, any Net Swap Payment
      or
      Swap Termination Payment (not due to a Swap Counterparty Trigger Event) owed
      to
      the Swap Counterparty (to the extent not distributed pursuant to Section 5.02(b)
      above);

     

    (C)
      concurrently to the Group I Senior Certificates, pro rata, as
      follows:

     

    (1)
      to
      the Class 1-A1 Certificates, until the Class Principal Amount of such Class
      has
      been reduced to zero; 

     

    (2)
      to
      the Class 1-A2 Certificates, until the Class Principal Amount of such Class
      has
      been reduced to zero;

     

    (D)
      to
      the Group I Subordinate Certificates, in accordance with the Group I Subordinate
      Priority, until the Class Principal Amount of each such Class has been reduced
      to zero; and

     

    (E)
      for
      application as part of Monthly Excess Cashflow for such Distribution Date,
      pursuant to Section 5.02(f) below, any such Principal Distribution Amount for
      Group I remaining undistributed after application pursuant to clauses (A)
      through (D) above.

     

    (ii)  On
      each
      Distribution Date (a) on or after the Stepdown Date and (b) with respect to
      which a Trigger Event is not in effect, the Trustee shall distribute the
      Principal Distribution Amount for Group I for such Distribution Date in the
      following order of priority:

     

    (A)
      to
      the Trustee, the payment of the Trustee Fee allocable to Group I for such
      Distribution Date (to the extent not distributed pursuant to Section 5.02(b)
      above);

     

    (B)
      for
      deposit into the Supplemental Interest Trust Account, any Net Swap Payment
      or
      Swap Termination Payment (not due to a Swap Counterparty Trigger Event) owed
      to
      the Swap Counterparty (to the extent not deposited previously from the Interest
      Remittance Amount for Group I in accordance with class (b) above);

     

    (C)
      (1)
      so long as any of the Group I Subordinate Certificates are outstanding, to
      the
      Group I Senior Certificates (other
      than the Class 1-AX Certificates),
      in
      accordance with the Group I Senior Priority, in an amount equal to the lesser
      of
      (x) the excess, if any, of (a) the Principal Distribution Amount for Group
      I for
      such Distribution Date over (b) the amount distributed on such Distribution
      Date
      pursuant to clauses (A) and (B) above, and (y) the Senior Principal Distribution
      Amount for Group I for such Distribution Date until the Class Principal Amount
      of each such class has been reduced to zero; or (2) otherwise to the Group
      I
      Senior Certificates (other than the Class 1-AX Certificates), in accordance
      with
      the Group I Senior Priority, the excess of (A) the Principal Distribution Amount
      for Group I for such Distribution Date over (B) the amount distributed with
      respect to such Distribution Date pursuant to clauses (A) and (B) above, in
      each
      case until the Class Principal Amount of each such class has been reduced to
      zero;

     

    
      
        
        

      

      
        107

        
          

        

      

      
        
        

      

    

     

    (D)
      to
      the Class M-1 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (C) above, and (y) the M-1 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    (E)
      to
      the Class M-2 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      Clauses (A) through (D) above, and (y) the M-2 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    (F)
      to
      the Class M-3 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      Clauses (A) through (E) above, and (y) the M-3 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    (G)
      to
      the Class M-4 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (F) above, and (y) the M-4 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    (H)
      to
      the Class M-5 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (G) above, and (y) the M-5 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    (I)
      to
      the Class M-6 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (H) above, and (y) the M-6 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero;

     

    
      
        
        

      

      
        108

        
          

        

      

      
        
        

      

    

     

    (J)
      to
      the Class M-7 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (I) above, and (y) the M-7 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero; 

     

    (K)
      to
      the Class M-8 Certificates, an amount equal to the lesser of (x) the excess,
      if
      any, of (a) the Principal Distribution Amount for Group I for such Distribution
      Date over (b) the amount distributed on such Distribution Date pursuant to
      clauses (A) through (J) above, and (y) the M-8 Principal Distribution Amount
      for
      such Distribution Date, until the Class Principal Amount of such Class has
      been
      reduced to zero; and 

     

    (L)
      for
      application as part of Monthly Excess Cashflow for such Distribution Date
      pursuant to Section 5.02(f) below, any such Principal Distribution Amount for
      Group I remaining undistributed after application pursuant to clauses (A)
      through (K) above. 

     

    (d)  On
      each
      Distribution Date, the Available Distribution Amount for Group II will be
      allocated among the Classes of Senior Certificates relating to Group II, and
      among the Classes of the Group II Subordinate Certificates as
      follows:

     

    (i)  from
      the
      Available Distribution Amount for Group II, to the Trustee, the payment of
      the
      Trustee Fee allocable to Group II for such Distribution Date;

     

    (ii)  from
      the
      Available Distribution Amount for each such Mortgage Pool, to payment of Accrued
      Certificate Interest on each Class of Senior Certificates of the related
      Certificate Group, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for Group II for such Distribution Date;
      provided, however, that any shortfall in available amounts for Group II will
      be
      allocated among the Classes of the related Certificate Group, in proportion
      to
      the amount of such interest (as so reduced) that would otherwise be
      distributable thereon;

     

    (iii)  from
      the
      Available Distribution Amount for Group II, to payment of any outstanding
      Interest Shortfalls on each Class of Senior Certificates of the related
      Certificate Group, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for Group II for such Distribution Date;
      provided, however, that any shortfall in available amounts for either such
      Mortgage Pool will be allocated among the Classes of the related Certificate
      Group in proportion to the amount of such interest (as so reduced) that would
      otherwise be distributable thereon;

     

    (iv)  to
      the
      Group II Senior Certificates (other than the Class 3-AX Certificates) to the
      extent of the remaining related Available Distribution Amount, in reduction
      of
      their Class Principal Amounts concurrently as follows:

     

    (A)  
      to the
      Class 2-A1, Class 2-A2 and Class R-II Certificates, from the Available
      Distribution Amount for Pool 2, the Senior Principal Distribution Amount for
      such pool, in reduction of their Class Principal Amounts, sequentially as
      follows:

     

    
      
        
        

      

      
        109

        
          

        

      

      
        
        

      

    

     

    
      	(i)  	
              first,
                to the Class R-II Certificate, in reduction of its Class Principal
                Amount
                until its Class Principal Amount has been reduced to
                zero;

            

    

     

    
      	(ii)  	
              second,
                pro rata, to the Class 2-A1 and Class 2-A2 Certificates, from the
                Available Distribution Amount for Pool 2, the Senior Principal
                Distribution Amount for Pool 2, in reduction of their Class Principal
                Amounts, until their Class Principal Amounts have been reduced to
                zero;

            

    

     

    (B)  from
      the
      Available Distribution Amount for pool 3, pro rata, to the Class 3-A1 and Class
      3-A2 Certificates, from the Available Distribution Amount for Pool 3, the Senior
      Principal Distribution Amount for Pool 3, in reduction of their Class Principal
      Amounts, until their Class Principal Amounts have been reduced to
      zero;

     

    (v)  from
      the
      remaining Available Distribution Amount for Group II, subject to the prior
      distribution of amounts pursuant to Section 5.02(m) and Section 5.02(n) in
      the
      case of clauses (C), (F), (I), (L), (O) and (R), to the Group II Subordinate
      Certificates, in the following order of priority:

     

    (A)  to
      the
      Class B1-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (B)  to
      the
      Class B1-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (C)  to
      the
      Class B1-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k),
      until
      the Class Principal Amount thereof has been reduced to zero;

     

    (D)  to
      the
      Class B2-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (E)  to
      the
      Class B2-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (F)  to
      the
      Class B2-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k), until the Class Principal Amount thereof has been reduced to
      zero;

     

    
      
        
        

      

      
        110

        
          

        

      

      
        
        

      

    

     

    (G)  to
      the
      Class B3-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (H)  to
      the
      Class B3-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (I)  to
      the
      Class B3-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (J)  to
      the
      Class B4-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (K)  to
      the
      Class B4-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (L)  to
      the
      Class B4-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (M)  to
      the
      Class B5-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (N)  to
      the
      Class B5-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (O)  to
      the
      Class B5-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (P)  to
      the
      Class B6-II Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date; 

     

    
      
        
        

      

      
        111

        
          

        

      

      
        
        

      

    

     

    (Q)  to
      the
      Class B6-II Certificates, any Interest Shortfall for such Class on such
      Distribution Date; and

     

    (R)  to
      the
      Class B6-II Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(k), until the Class Principal Amount thereof has been reduced to
      zero.

     

    (e)  On
      each
      Distribution Date, the Available Distribution Amount for Group III will be
      allocated among the Classes of Senior Certificates relating to Group III, and
      among the Classes of the Group III Subordinate Certificates as
      follows:

     

    (i)  from
      the
      Available Distribution Amount for Group III, to the Trustee, the payment of
      the
      Trustee Fee allocable to Group III for such Distribution Date;

     

    (ii)  from
      the
      Available Distribution Amount for Group III, to payment of Accrued Certificate
      Interest on each Class of Senior Certificates of the related Certificate Group,
      as reduced by such Class’s allocable share of any Net Prepayment Interest
      Shortfalls for Group III for such Distribution Date; provided, however, that
      any
      shortfall in available amounts for Group III will be allocated among the Classes
      of the related Certificate Group, in proportion to the amount of such interest
      (as so reduced) that would otherwise be distributable thereon;

     

    (iii)  from
      the
      Available Distribution Amount for Group III to payment of any outstanding
      Interest Shortfalls on each Class of Senior Certificates of the related
      Certificate Group, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for Group III for such Distribution Date;
      provided, however, that any shortfall in available amounts for either such
      Mortgage Pool will be allocated among the Classes of the related Certificate
      Group in proportion to the amount of such interest (as so reduced) that would
      otherwise be distributable thereon;

     

    (iv)  to
      the
      Group III Senior Certificates (other than the Class 4-AX Certificates) to the
      extent of the remaining related Available Distribution Amount, from the
      Available Distribution Amount for Group III, the Senior Principal Distribution
      Amount for Pool 4, in reduction of their Class Principal Amounts sequentially
      as
      follows:

     

    (A)  first,
      to
      the Class R-III Certificate, in reduction of its Class Principal Amount until
      its Class Principal Amount has been reduced to zero; and

     

    (B)  second,
      pro rata as follows

     

    
      
        
        

      

      
        112

        
          

        

      

      
        
        

      

    

     

    (I)  sequentially,
      to the Class 4-A1 and Class 4-A2 Certificates, from the Available Distribution
      Amount for Group III, the Senior Principal Distribution Amount for Group III,
      in
      reduction of their Class Principal Amounts, until their Class Principal Amounts
      have been reduced to zero;

     

    (II)  pro
      rata,
      to the Class 4-A3, Class 4-A4 and Class 4-A5 Certificates, from the Available
      Distribution Amount for Group III, the Senior Principal Distribution Amount
      for
      Group III, in reduction of their Class Principal Amounts, until their Class
      Principal Amounts have been reduced to zero;

     

    (v)  from
      the
      remaining Available Distribution Amount for Group III, to the Group III
      Subordinate Certificates, in the following order of priority:

     

    (A)  to
      the
      Class B1-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (B)  to
      the
      Class B1-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (C)  to
      the
      Class B1-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (D)  to
      the
      Class B2-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (E)  to
      the
      Class B2-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (F)  to
      the
      Class B2-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (G)  to
      the
      Class B3-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    
      
        
        

      

      
        113

        
          

        

      

      
        
        

      

    

     

    (H)  to
      the
      Class B3-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (I)  to
      the
      Class B3-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (J)  to
      the
      Class B4-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (K)  to
      the
      Class B4-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (L)  to
      the
      Class B4-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (M)  to
      the
      Class B5-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date;

     

    (N)  to
      the
      Class B5-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date;

     

    (O)  to
      the
      Class B5-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero;

     

    (P)  to
      the
      Class B6-III Certificates, the Accrued Certificate Interest thereon for such
      Distribution Date, as reduced by such Class’s allocable share of any Net
      Prepayment Interest Shortfalls for such Distribution Date; 

     

    (Q)  to
      the
      Class B6-III Certificates, any Interest Shortfall for such Class on such
      Distribution Date; and

     

    (R)  to
      the
      Class B6-III Certificates, in reduction of the Class Principal Amount thereof,
      such Class’s Subordinate Class Percentage of each Subordinate Principal
      Distribution Amount for such Distribution Date, except as provided in Section
      5.02(n), until the Class Principal Amount thereof has been reduced to
      zero.

     

    
      
        
        

      

      
        114

        
          

        

      

      
        
        

      

    

     

    (f)  Any
      Monthly Excess Cashflow for each Distribution Date, together with any proceeds
      received under the Interest Rate Cap Agreement in the case of Section
      5.02(f)(iv) below, will on each Distribution Date be distributed in the
      following order of priority:

     

    (i)  For
      each
      Distribution Date, Monthly Excess Cashflow will be paid to the Group I
      Certificates (other than the Class 1-AX Certificates) in the following order
      of
      priority:

     

    (A)
      concurrently, on a pro rata basis, based on amounts due, to the Group I Senior
      Certificates, Current Interest and any Carryforward Interest for such Classes
      for such Distribution Date due pursuant to Section 5.02(b)(iii) above, to the
      extent unpaid pursuant to such section;

     

    (B)
      to
      the Group I Subordinate Certificates, in accordance with the Group I Subordinate
      Priority, Current Interest and any Carryforward Interest for each such class
      and
      such Distribution Date to the extent unpaid pursuant to Section 5.02(b)(iv)
      above;

     

    (C)
      to
      the Trustee, previously unreimbursed extraordinary costs, liabilities and
      expenses, to the extent allocable to Group I;

     

    (ii)  For
      each
      Distribution Date occurring (a) before the Stepdown Date or (b) on or after
      the
      Stepdown Date but for which a Trigger Event is in effect, then until the
      aggregate Class Principal Amounts of the Group I Certificates equals the Target
      Amount for such Distribution Date, in reduction of the Class Principal Amounts
      of the Group I Certificates in the following order of priority:

     

    (A)
      to
      each Class of Group I Senior Certificates, in accordance with the Group I Senior
      Priority, in reduction of their respective Class Principal Amounts, until the
      Class Principal Amount of each such Class has been reduced to zero;
      and

     

    (B)
      to
      the Group I Subordinate Certificates, in accordance with the Group I Subordinate
      Priority in reduction of their respective Class Principal Amounts, until the
      Class Principal Amount of each such Class has been reduced to zero;

     

    (iii)  For
      each
      Distribution Date occurring on or after the Stepdown Date and for which a
      Trigger Event is not in effect in the following order of priority:

     

    (A)
      to
      each Class of Group I Senior Certificates, in accordance with the Group I Senior
      Priority, in reduction of their respective Class Principal Amounts, until the
      aggregate Class Principal Amount of such Group I Senior Certificates, after
      giving effect to distributions on such Distribution Date, equals the Senior
      Target Amount;

     

    
      
        
        

      

      
        115

        
          

        

      

      
        
        

      

    

     

    (B)
      to
      the
      Class
      M-1 Certificates, in reduction of their Class Principal Amount, until the
      aggregate Class Principal Amount of the Group I Senior Certificates and the
      Class M-1 Certificates, after giving effect to distributions on such
      Distribution Date, equals the M-1 Target Amount;

     

    (C)
      to
      the Class M-2 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1 and Class M-2 Certificates, after giving effect to distributions
      on
      such Distribution Date, equals the M-2 Target Amount;

     

    (D)
      to
      the Class M-3 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2 and Class M-3 Certificates, after giving effect to
      distributions on such Distribution Date, equals the M-3 Target
      Amount;

     

    (E)
      to
      the Class M-4 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, after giving effect
      to distributions on such Distribution Date, equals the M-4 Target Amount;

     

    (F)
      to
      the Class M-5 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, after
      giving effect to distributions on such Distribution Date, equals the M-5 Target
      Amount;

     

    (G)
      to
      the Class M-6 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6
      Certificates, after giving effect to distributions on such Distribution Date,
      equals the M-6 Target Amount; 

     

    (H)
      to
      the Class M-7 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class
      M-7
      Certificates, after giving effect to distributions on such Distribution Date,
      equals the M-7 Target Amount; and

     

    (I)
      to
      the Class M-8 Certificates, in reduction of their Class Principal Amount, until
      the aggregate Class Principal Amount of the Group I Senior Certificates and
      the
      Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7
      and
      Class M-8 Certificates, after giving effect to distributions on such
      Distribution Date, equals the M-8 Target Amount

     

    (iv)  to
      the
      Basis Risk Reserve Fund, the amount of any Basis Risk Payment with respect
      to
      the Group I Certificates and any payment received in respect of the Interest
      Rate Cap Agreement, and then from the Basis Risk Reserve Fund, in the following
      order of
      priority:

     

    
      
        
        

      

      
        116

        
          

        

      

      
        
        

      

    

     

    (A)
      from
      any proceeds received under the Interest Rate Cap Agreement, first to the Class
      1-A1 and Class 1-A2 Certificates, the amount of any Basis Risk Shortfalls and
      Unpaid Basis Risk Shortfalls for each such Class and such Distribution Date,
      pro
      rata in proportion to the amount of such shortfalls, and second, to the Group
      I
      Subordinate Certificates, the amount of any Basis Risk Shortfalls and Unpaid
      Basis Risk Shortfalls for each such Class and such Distribution Date, in
      accordance with the Group I Subordinate Priority (provided that any payments
      received from the Interest Rate Cap Agreement which are in excess of amounts
      needed to pay Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls on the
      Class 1-A1 and Class 1-A2 Certificates and the Group I Subordinate Certificates
      shall be distributed to the C-X Component of the Class X Certificates on such
      Distribution Date);

     

    (B)
      to
      the Group I Senior Certificates, the amount of any Basis Risk Shortfalls and
      Unpaid Basis Risk Shortfalls for each such Class and such Distribution Date,
      pro
      rata in proportion to the amount of such shortfalls, to the extent unpaid
      pursuant to Section 5.02(f)(iv)(A) above and Section 5.02(g)(vi);

     

    (C)
      to
      the Group I Subordinate Certificates, in accordance with the Subordinate
      Priority, any applicable Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls
      for each such class and such Distribution Date, to the extent unpaid pursuant
      to
      Section 5.02(f)(iv)(A) above and Section 5.02(g)(vi);

     

    (D)
      to
      the 1-X Component of the Class X Certificates, any amounts remaining in the
      Pool
      1 Basis Risk Reserve Fund in excess of amounts required to be on deposit therein
      after satisfying Section 5.02(f)(iv)(A) through 5.02(f)(iv)(C) above for that
      Distribution Date;

     

    (v)  pro
      rata
      in proportion to their respective Deferred Amounts (and any interest accrued
      on
      such Deferred Amounts at the related Certificate Interest Rate), to the Group
      I
      Senior Certificates, any applicable Deferred Amount and any interest accrued
      on
      such Deferred Amounts for each such Class and such Distribution
      Date;

     

    (vi)  to
      the
      Group I Subordinate Certificates, in accordance with the Pool 1 Subordinate
      Priority, any Deferred Amount for each such Class and such Distribution
      Date;

     

    (vii)  to
      the
      Supplemental Interest Trust, for distribution pursuant to Section 5.02(f)(x);
      

     

    (viii)  to
      the
      1-X Component of the Class X Certificates, the 1-X Component Distributable
      Amount for such Distribution Date; and

     

    (ix)  to
      the
      Class R-I Certificate, any remaining amount.

     

    
      
        
        

      

      
        117

        
          

        

      

      
        
        

      

    

     

    (g)  On
      each
      Distribution Date (or, with respect to clauses (i), (ii), (ix) and (x) below,
      the Swap Payment Date), the Trustee (or Paying Agent, as applicable) shall
      distribute the Supplemental Trust Amount from the Supplemental Interest Trust
      Account in the following order of priority:

     

    (i)  to
      the
      Swap Counterparty, any Net Swap Payment (not due to a Swap Counterparty Trigger
      Event) owed to the Swap Counterparty pursuant to the Swap Agreement for the
      related Distribution Date to the extent unpaid from the Interest Remittance
      Amount for Group I and from the Principal Distribution Amount for Group
      I;

     

    (ii)  to
      the
      Swap Counterparty, any unpaid Swap Termination Payment not due to a Swap
      Counterparty Trigger Event owed to the Swap Counterparty pursuant to the Swap
      Agreement to the extent unpaid from the Interest Remittance Amount for Group
      I
      and from the Principal Distribution Amount for Group I;

     

    (iii)  to
      the
Class
      1-A1 and Class 1-A2 Certificates, Current
      Interest and any Carryforward Interest for each such Class for such Distribution
      Date, pro rata, based on amounts due, to the extent unpaid pursuant to Section
      5.02(b)(iii) and Section 5.02(f)(i)(A);

     

    (iv)  to
      the
      Group I Subordinate Certificates, in accordance with the Group I Subordinate
      Priority, Current Interest and any Carryforward Interest for each such Class
      and
      such Distribution Date to the extent unpaid pursuant to Section 5.02(b)(iv)
      and
      pursuant to Section 5.02(f)(i)(B);

     

    (v)  to
      the
      Group I Senior Certificates and Group I Subordinate Certificates, any amount
      necessary to create and maintain the Targeted Overcollateralization Amount
      specified in Sections 5.02(f)(ii) and 5.02(f)(iii) above, as applicable, for
      such Distribution Date, for application pursuant to the priorities set forth
      in
      such sections, after giving effect to distributions pursuant to such sections;
      provided however, that the sum of all amounts distributed pursuant to this
      Section 5.02(g)(v) and Sections 5.02(g)(vii) and 5.02(g)(viii) shall not exceed
      the aggregate amount of cumulative Realized Losses on the Pool 1 Mortgage Loans
      incurred from the Cut-off Date through the last day of the related Collection
      Period;

     

    (vi)  concurrently
      to the Class 1-A1 and Class 1-A2 Certificates, pro rata, based on the amount
      of
      any remaining Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls, and then
      to the Group I Subordinate Certificates, in accordance with the Group I
      Subordinate Priority, any remaining Basis Risk Shortfalls and Unpaid Basis
      Risk
      Shortfalls to the extent unpaid pursuant to Section 5.02(f)(iv)(A) for each
      such
      Class and for such Distribution Date;

     

    (vii)  concurrently
      to the Class 1-A1 and Class 1-A2 Certificates, any Deferred Amount (and any
      interest accrued on such Deferred Amounts at the related Certificate Interest
      Rate) for each such Class and such Distribution Date, for application pursuant
      to the priority set forth in Section 5.02(f)(v) above, to the extent unpaid
      pursuant to such section; provided however, that the sum of all amounts
      distributed pursuant to this Section 5.02(g)(vii) and Sections 5.02(g)(v) and
      5.02(g)(viii) shall not exceed the aggregate amount of cumulative Realized
      Losses on the Pool 1 Mortgage Loans incurred from the Cut-off Date through
      the
      last day of the related Collection Period;

     

    
      
        
        

      

      
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    (viii)  to
      the
      Group I Subordinate Certificates, any Deferred Amount for each such Class and
      such Distribution Date, for application pursuant to the priority set forth
      in
      Section 5.02(f)(vi) above, to the extent unpaid pursuant to such section;
      provided however, that the sum of all amounts distributed pursuant to this
      Section 5.02(g)(viii) and Sections 5.02(g)(v) and 5.02(g)(vii) shall not exceed
      the aggregate amount of cumulative Realized Losses on the Pool 1 Mortgage Loans
      incurred from the Cut-off Date through the last day of the related Collection
      Period;

     

    (ix)  if
      applicable, for application to the purchase of a replacement Interest Rate
      Swap
      Agreement;

     

    (x)  to
      the
      Swap Counterparty, any unpaid Swap Termination Payment triggered by a Swap
      Counterparty Trigger Event owed to the Swap Counterparty pursuant to the Swap
      Agreement; and

     

    (xi)  to
      the
      S-X Component of the Class X Certificates any remaining Supplemental Interest
      Trust Amount.

     

    (h)  (i)
      On
      each Distribution Date on and prior to the 1-X Component Account Termination
      Date, the Trustee (or Paying Agent, as applicable) shall withdraw the Class
      C
      Distributable Amount for such Distribution Date from the 1-X Component Account,
      pursuant to Section 5.12 herein, and shall distribute such amount to the Class
      C
      Certificates. 

     

    (ii)
      On
      each Distribution Date on or prior to the 1-X Component Termination Date, the
      Trustee shall withdraw amounts on deposit in the 1-X Component Account and
      distribute such amounts to the 1-X Component of the Class X Certificates, an
      amount equal to the excess, if any, of the sum of Realized Losses attributable
      to the Class C Mortgage Loans over the sum of all amounts distributed pursuant
      to this Section 5.02(h)(ii) on prior Distribution Dates to the 1-X Component
      of
      the Class X Certificates.

     

    (i)  Net
      Prepayment Interest Shortfalls for each Mortgage Pool related Group II shall
      be
      allocated among the Certificates of the related Certificate Group and the
      Subordinate Certificates related to the applicable Pool proportionately based
      on
      (i) in the case of the related Senior Certificates, the Accrued Certificate
      Interest otherwise distributable thereon, and (ii) in the case of the Group
      II
      Subordinate Certificates, interest accrued (at the Underlying Subordinate Rate
      for the relevant Mortgage Pool) on their related Apportioned Principal
      Balances.

     

    (j)  Net
      Prepayment Interest Shortfalls for Group III shall be allocated among the
      Certificates of the related Certificate Group and the Subordinate Certificates
      related to Group III proportionately based on the Accrued Certificate Interest
      otherwise distributable thereon.

     

    (k)  (i)
      if on
      any Distribution Date the Credit Support Percentage for the Class B1-II
      Certificates is less than the Original Credit Support Percentage for such Class,
      then, notwithstanding anything to the contrary in Section 5.02(d), no
      distribution of amounts described in clauses (ii) and (iii) of the definition
      of
      Subordinate Principal Distribution Amount will be made in respect of the Class
      B2-II, Class B3-II, Class B4-II, Class B5-II or Class B6-II Certificates on
      such
      Distribution Date; (ii) if on any Distribution Date the Credit Support
      Percentage for the Class B2-II Certificates is less than the Original Credit
      Support Percentage for such Class, then, notwithstanding anything to the
      contrary in Section 5.02(d), no distribution of amounts described in clauses
      (ii) and (iii) of the definition of Subordinate Principal Distribution Amount
      will be made in respect of the Class B3-II, Class B4-II, Class B5-II or Class
      B6-II Certificates on such Distribution Date; (iii) if on any Distribution
      Date
      the Credit Support Percentage for the Class B3-II Certificates is less than
      the
      Original Credit Support Percentage for such Class, then, notwithstanding
      anything to the contrary in Section 5.02(d), no distribution of amounts
      described in clauses (ii) and (iii) of the definition of Subordinate Principal
      Distribution Amount will be made in respect of the Class B4-II, Class B5-II
      or
      Class B6-II Certificates on such Distribution Date; (iv) if on any Distribution
      Date the Credit Support Percentage for the Class B4-II Certificates is less
      than
      the Original Credit Support Percentage for such Class, then, notwithstanding
      anything to the contrary in Section 5.02(d), no distribution of amounts
      described in clauses (ii) and (iii) of the definition of Subordinate Principal
      Distribution Amount will be made in respect of the Class B5-II or Class B6-II
      Certificates on such Distribution Date; and (v) if on any Distribution Date
      the
      Credit Support Percentage for the Class B5-II Certificates is less than the
      Original Credit Support Percentage for such Class, then, notwithstanding
      anything to the contrary in Section 5.02(d), no distribution of amounts
      described in clauses (ii) and (iii) of the definition of Subordinate Principal
      Distribution Amount will be made in respect of the Class B6-II Certificates
      on
      such Distribution Date.

     

    
      
        
        

      

      
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    (l)  On
      each
      Distribution Date prior to the Credit Support Depletion Date but on or after
      the
      date on which the aggregate Certificate Principal Amount of either of Group
      2 or
      Group 3 Certificates has been reduced to zero, amounts otherwise distributable
      as principal on each Class of Group II Subordinate Certificates in accordance
      with the priorities set forth in Section 5.02(d)(v), in reverse order of
      priority, in respect of such Class’s Subordinate Class Percentage of the
      Subordinate Principal Distribution Amount for the Mortgage Pool relating to
      such
      retired Group 2 or Group 3 Certificates, shall be distributed as principal
      to
      the related Group 2 or Group 3 Certificates remaining outstanding in accordance
      with the priorities set forth in Sections 5.02(d)(iv), until the Class Principal
      Amounts thereof have been reduced to zero, provided that on such Distribution
      Date (a) the Aggregate Subordinate Percentage for such Distribution Date is
      less
      than 200% of the Aggregate Subordinate Percentage as of the first Distribution
      Date or (b) the average outstanding principal balance of the Mortgage Loans
      in
      Pool 2 (if the aggregate Certificate Principal Amount of the Group 3
      Certificates have been reduced to zero), the average outstanding principal
      balance of the Mortgage Loans in Pool 3 (if the aggregate Certificate Principal
      Amount of the Group 2 Certificates have been reduced to zero), that are
      delinquent 60 days or more for the last six months as a percentage of the
      related Group Subordinate Amount is greater than or equal to 50%. 

     

    (m)  On
      any
      Distribution Date on which either the Group 2 or Group 3 Certificates
      constitutes an Undercollateralized Group, all amounts otherwise distributable
      as
      principal on the Group II Subordinate Certificates, in reverse order of priority
      (other than amounts necessary to pay unpaid Interest Shortfalls) (or, following
      the Credit Support Depletion Date, such other amounts described in the
      immediately following sentence), will be distributed as principal to such
      Undercollateralized Group in accordance with the priorities set forth in Section
      5.02(d)(iv), until the aggregate Certificate Principal Amount of such Group
      2 or
      Group 3 Certificates equals the Pool Balance of the related Mortgage Pool (such
      distribution, an “Undercollateralization Distribution”). In the event that
      either of the Group 2 or Group 3 Certificates constitutes an Undercollateralized
      Group on any Distribution Date following the Credit Support Depletion Date,
      Undercollateralization Distributions will be made from the excess of the
      Available Distribution Amount for the other such Mortgage Pools not related
      to
      an Undercollateralized Group (other than Pool 1 and Pool 4) remaining after
      all
      required amounts have been distributed to the Senior Certificates (other than
      the Group I and Group III Certificates) of the other Group II Certificate Group.
      In addition, the amount of any unpaid Interest Shortfalls with respect to an
      Undercollateralized Group (other than the Group I or Group III Certificates)
      on
      any Distribution Date (including any Interest Shortfalls for such Distribution
      Date) will be distributed to the Senior Certificates of the Undercollateralized
      Group prior to the payment of any Undercollateralization Distributions from
      amounts otherwise distributable as principal on the Group II Subordinate
      Certificates, in reverse order of priority (or, following
      the
      Credit Support Depletion Date, as provided in the preceding
      sentence).

     

    
      
        
        

      

      
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    (n)  
      (i) if
      on any Distribution Date the Credit Support Percentage for the Class B1-III
      Certificates is less than the Original Credit Support Percentage for such Class,
      then, notwithstanding anything to the contrary in Section 5.02(e), no
      distribution of amounts described in clauses (ii) and (iii) of the definition
      of
      Subordinate Principal Distribution Amount will be made in respect of the Class
      B2-III, Class B3-III, Class B4-III, Class B5-III or Class B6-III Certificates
      on
      such Distribution Date; (ii) if on any Distribution Date the Credit Support
      Percentage for the Class B2-III Certificates is less than the Original Credit
      Support Percentage for such Class, then, notwithstanding anything to the
      contrary in Section 5.02(e), no distribution of amounts described in clauses
      (ii) and (iii) of the definition of Subordinate Principal Distribution Amount
      will be made in respect of the Class B3-III, Class B4-III, Class B5-III or
      Class
      B6-III Certificates on such Distribution Date; (iii) if on any Distribution
      Date
      the Credit Support Percentage for the Class B3-III Certificates is less than
      the
      Original Credit Support Percentage for such Class, then, notwithstanding
      anything to the contrary in Section 5.02(e), no distribution of amounts
      described in clauses (ii) and (iii) of the definition of Subordinate Principal
      Distribution Amount will be made in respect of the Class B4-III, Class B5-III
      or
      Class B6-III Certificates on such Distribution Date; (iv) if on any Distribution
      Date the Credit Support Percentage for the Class B4-III Certificates is less
      than the Original Credit Support Percentage for such Class, then,
      notwithstanding anything to the contrary in Section 5.02(e), no distribution
      of
      amounts described in clauses (ii) and (iii) of the definition of Subordinate
      Principal Distribution Amount will be made in respect of the Class B5-III or
      Class B6-III Certificates on such Distribution Date; and (v) if on any
      Distribution Date the Credit Support Percentage for the Class B5-II Certificates
      is less than the Original Credit Support Percentage for such Class, then,
      notwithstanding anything to the contrary in Section 5.02(e), no distribution
      of
      amounts described in clauses (ii) and (iii) of the definition of Subordinate
      Principal Distribution Amount will be made in respect of the Class B6-III
      Certificates on such Distribution Date.

     

    Any
      amount not distributed in respect of any Class on any Distribution Date pursuant
      to the immediately preceding paragraph will be allocated among the remaining
      related Subordinate Classes in proportion to their respective Certificate
      Principal Amounts.

     

    
      
        
        

      

      
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    (o)  On
      each
      Distribution Date, the Trustee (or Paying Agent, as applicable) shall distribute
      to the Holders of the Class 1-AP Certificates, any Prepayment Penalty Amounts
      paid by borrowers upon voluntary full or partial prepayment of the Mortgage
      Loans in Pool 1 that are deposited in the Collection Account pursuant to the
      underlying servicing agreements. On each Distribution Date, the Paying Agent
      shall distribute to the Holders of the Class 2-AP Certificates, any Prepayment
      Penalty Amounts paid by borrowers upon voluntary full or partial prepayment
      of
      the Mortgage Loans in Pool 2 that are deposited in the Collection Account
      pursuant to the underlying servicing agreements. On each Distribution Date,
      the
      Paying Agent shall distribute to the Holders of the Class 3-AP Certificates,
      any
      Prepayment Penalty Amounts paid by borrowers upon voluntary full or partial
      prepayment of the Mortgage Loans in Pool 3 that are deposited in the Collection
      Account pursuant to the underlying servicing agreements. On each Distribution
      Date, the Paying Agent shall distribute to the Holders of the Class 4-AP
      Certificates, any Prepayment Penalty Amounts paid by borrowers upon voluntary
      full or partial prepayment of the Mortgage Loans in Pool 4 that are deposited
      in
      the Collection Account pursuant to the underlying servicing
      agreements.

     

    (p)  On
      each
      Distribution Date, the Trustee (or Paying Agent, as applicable) shall distribute
      to the Holder of the Class R-II and Class R-III Certificates any Available
      Distribution Amount for Group II or Group III respectively, remaining for such
      Distribution Date after application of all amounts described in paragraph (a)
      through (m) of this Section 5.02. Any distributions pursuant to this paragraph
      (p) shall not reduce the Class Principal Amount of the Class R-II or Class
      R-III
      Certificate.

     

    (q)  On
      each
      Distribution Date, an amount equal to the aggregate FPD Premiums with respect
      to
      Pool 1 Mortgage Loans collected during the preceding Prepayment Period shall
      be
      distributed to the 1-X Component of the Class X Certificates.

     

    (r)  On
      each
      Distribution Date, an amount equal to the aggregate FPD Premiums with respect
      to
      Pool 2 Mortgage Loans collected during the preceding Prepayment Period shall
      be
      distributed to the Depositor or such other entity as Depositor
      designates.

     

    (s)  On
      each
      Distribution Date, an amount equal to the aggregate FPD Premiums with respect
      to
      Pool 3 Mortgage Loans collected during the preceding Prepayment Period shall
      be
      distributed to the Class 3-AX Certificates.

     

    (t)  On
      each
      Distribution Date, an amount equal to the aggregate FPD Premiums with respect
      to
      Pool 4 Mortgage Loans collected during the preceding Prepayment Period shall
      be
      distributed to the Class 4-AX Certificates..

     

    (u)  For
      federal income tax purposes, the C-X Component of the Class X Certificates
      shall
      evidence ownership of the Interest Cap Agreement. Any Amounts received by the
      Trustee (or Paying Agent, as applicable) in respect of the Interest Rate Cap
      Agreement shall be promptly deposited by the Trustee (or Paying Agent, as
      applicable) into the Basis Risk Reserve Fund.

     

    
      
        
        

      

      
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    Section
      5.03.  Allocation
      of Realized Losses. 

     

    (a)  (i)
      On
      each Distribution Date, the Class Principal Amounts of the Group I Certificates
      shall be reduced by the amount of any Applied Loss Amount for such Distribution
      Date in the following order of priority:

     

    first,
      to the
      Class M-8 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    second,
      to the
      Class M-7 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    third,
      to the
      Class M-6 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fourth,
      to the
      Class M-5 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fifth,
      to the
      Class M-4 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    sixth,
      to the
      Class M-3 Certificates, until the Class Principal Amount thereof has been
      reduced to zero; 

     

    seventh,
      to
      the
      Class M-2 Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    eighth,
      to the
      Class M-1 Certificates, until the Class Principal Amount thereof has been
      reduced to zero; and

     

    ninth,
      to
      the
      Classes of Group I Senior Certificates (other than the Class 1-AX Certificates),
      pro
      rata,
      in
      accordance with their Class Principal Amounts; provided, however, that
any
      Applied Loss Amount otherwise allocable to the Class 1-A1 Certificates pursuant
      to this Section 5.03 shall be allocated to the Class 1-A2 Certificates until
      the
      Class Principal Amount of such Class has been reduced to zero.
      

     

    (ii) On
      any
      Distribution Date, the principal portion of each Realized Loss (other than
      any
      Excess Loss) in respect of Group II shall be allocated in the following order
      of
      priority:

     

    first,
      to the
      Class B6-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    second,
      to the
      Class B5-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    
      
        
        

      

      
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    third,
      to the
      Class B4-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fourth,
      to the
      Class B3-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fifth,
      to the
      Class B2-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    sixth,
      to the
      Class B1-II Certificates, until the Class Principal Amount thereof has been
      reduced to zero; and

     

    seventh,
      to the
      Classes of Group II Senior Certificates (other than the Class 3-AX Certificates)
      of the related Certificate Group, pro rata, in accordance with their Class
      Principal Amount; provided, however, that any Realized Losses otherwise
      allocable to the Class 2-A1 Certificates pursuant to this Section 5.03 shall
      be
      allocated to the Class 2-A2 Certificates until the Class Principal Amount of
      such Class has been reduced to zero and any Realized Losses otherwise allocable
      to the Class 3-A1 Certificates pursuant to this Section 5.03 shall be allocated
      to the Class 3-A2 Certificates until the Class Principal Amount of such Class
      has been reduced to zero.

     

    Notwithstanding
      the foregoing, the first $0.46
      of
      principal portion of Realized Losses in Group II shall not be allocated to
      any
      Class of Certificates.

     

    (iii)
      On
      any Distribution Date, the principal portion of each Realized Loss (other than
      any Excess Loss) in respect of Group III shall be allocated in the following
      order of priority:

     

    first,
      to the
      Class B6-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    second,
      to the
      Class B5-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    third,
      to the
      Class B4-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fourth,
      to the
      Class B3-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    fifth,
      to the
      Class B2-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero;

     

    sixth,
      to the
      Class B1-III Certificates, until the Class Principal Amount thereof has been
      reduced to zero; and

     

    
      
        
        

      

      
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    seventh,
      to the
      Classes of Group III Senior Certificates (other than the Class 4-AX
      Certificates) of the related Certificate Group, pro rata, in accordance with
      their Class Principal Amount; provided, however, that any Realized Losses
      otherwise allocable to the Class 4-A1, Class 4-A2, Class 4-A3 and Class 4-A4
      Certificates pursuant to this Section 5.03 shall be allocated to the Class
      4-A5
      Certificates until the Class Principal Amount of such Class has been reduced
      to
      zero and any Realized Losses otherwise allocable to the Class 4-A3 Certificates
      pursuant to this Section 5.03 shall be allocated to the Class 4-A4 Certificates
      until the Class Principal Amount of such Class has been reduced to
      zero.

     

    Notwithstanding
      the foregoing, the first $0.14
      of
      principal portion of Realized Losses in Group III shall not be allocated to
      any
      Class of Certificates.

     

    (b)  With
      respect to any Distribution Date, the principal portion of any Excess Loss
      in
      respect of a Mortgage Loan shall be allocated if such Mortgage Loan is in Pool
      2
      or Pool 3, pro
      rata,
      to the
      related Group II Senior Certificates on the basis of the Certificate Principal
      Balances and the Group II Subordinate Certificates on the basis of their
      Apportioned Principal Balances; provided, that any such loss allocated to any
      Class of Accrual Certificates shall be allocated (subject to Section
      5.03(c)) on the basis of the lesser of (x) the Class Principal Amount thereof
      immediately prior to the applicable Distribution Date and (y) the Class
      Principal Amount thereof on the Closing Date (as reduced by any Realized Losses
      previously allocated thereto)

     

    (c)  With
      respect to any Distribution Date, the principal portion of any Excess Loss
      in
      respect of a Mortgage Loan shall be allocated if such Mortgage Loan is in Pool
      4, pro
      rata,
      to the
      Group III Senior Certificates and the Group III Subordinate Certificates;
      provided, that any such loss allocated to any Class of Accrual Certificates
      shall be allocated (subject to Section
      5.03(c)) on the basis of the lesser of (x) the Class Principal Amount thereof
      immediately prior to the applicable Distribution Date and (y) the Class
      Principal Amount thereof on the Closing Date (as reduced by any Realized Losses
      previously allocated thereto).

     

    (d)  Any
      Applied Loss Amounts or Realized Losses allocated to a Class of Certificates
      pursuant to Section 5.03(a) or (b) shall be allocated among the Group I
      Certificates of such Class in proportion to their respective Certificate
      Principal Amounts of such Certificates. Any allocation of Realized Losses
      pursuant to this paragraph (c) shall be accomplished by reducing the Certificate
      Principal Amount of the related Group I Certificates on the related Distribution
      Date in accordance with Section 5.03(d).

     

    (e)  Applied
      Loss Amounts or Realized Losses allocated in accordance with this Section 5.03
      shall be allocated on the Distribution Date in the month following the month
      in
      which such loss was incurred and, in the case of the principal portion thereof,
      after giving effect to distributions made on such Distribution
      Date.

     

    (f)  On
      each
      Distribution Date, amounts described in clauses (x) and (y) of the definition
      of
      Subordinate Certificate Writedown Amount for such date shall effect
      corresponding reductions in the Class Principal Amount of the lowest ranking
      Class of outstanding Group II Subordinate Certificates and Group III Subordinate
      Certificates, which reductions shall occur on such Distribution Date after
      giving effect to distributions made on such Distribution Date.

     

    
      
        
        

      

      
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    Section
      5.04.  Advances
      by the Master Servicer and the Trustee.

     

    (a)  Advances
      shall be made in respect of each Deposit Date as provided herein. If, on any
      Determination Date, the Master Servicer determines that any Scheduled Payments
      due during the related Due Period (other than Balloon Payments) have not been
      received, the Master Servicer shall, or shall cause the applicable Servicer
      to,
      advance such amount on the Deposit Date immediately following such Determination
      Date, less an amount, if any, to be set forth in an Officer’s Certificate to be
      delivered to the Trustee on such Determination Date, which if advanced the
      Master Servicer or such Servicer has determined would not be recoverable from
      amounts received with respect to such Mortgage Loan, including late payments,
      Liquidation Proceeds, Insurance Proceeds or otherwise. The Trustee shall be
      able
      to rely conclusively on any non-recoverability determination made by the Master
      Servicer. If the Master Servicer determines that an Advance is required, it
      shall on the Deposit Date immediately following such Determination Date either
      (i) remit to the Trustee from its own funds (or funds advanced by the applicable
      Servicer) for deposit in the Certificate Account immediately available funds
      in
      an amount equal to such Advance, (ii) cause to be made an appropriate entry
      in
      the records of the Collection Account that funds in such account being held
      for
      future distribution or withdrawal have been, as permitted by this Section 5.04,
      used by the Master Servicer to make such Advance, and remit such immediately
      available funds to the Trustee for deposit in the Certificate Account or (iii)
      make Advances in the form of any combination of clauses (i) and (ii) aggregating
      the amount of such Advance. Any funds being held in the Collection Account
      for
      future distribution to Certificateholders and so used shall be replaced by
      the
      Master Servicer from its own funds by remittance to the Trustee for deposit
      in
      the Certificate Account on or before any future Deposit Date to the extent
      that
      funds in the Certificate Account on such Deposit Date shall be less than
      payments to Certificateholders required to be made on the related Distribution
      Date. The Trustee shall be entitled to conclusively rely upon any determination
      by the Master Servicer that an Advance, if made, would constitute a
      non-recoverable advance. The Master Servicer and each Servicer shall be entitled
      to be reimbursed from the Collection Account for all Advances made by it as
      provided in Section 4.02.

     

    (b)  In
      the
      event that the Master Servicer fails for any reason to make an Advance required
      to be made pursuant to Section 5.04(a) on or before the Deposit Date, the
      Trustee, solely in its capacity as successor master servicer pursuant to Section
      6.14, shall, on or before the related Distribution Date, deposit in the
      Certificate Account an amount equal to the excess of (a) Advances required
      to be
      made by the Master Servicer or any Servicer that would have been deposited
      in
      such Certificate Account over (b) the amount of any Advance made by the Master
      Servicer or such Servicer with respect to such Distribution Date; provided,
      however, that the Trustee shall be required to make such Advance only if it
      is
      not prohibited by law from doing so and it has determined that such Advance
      would be recoverable from amounts to be received with respect to such Mortgage
      Loan, including late payments, Liquidation Proceeds, Insurance Proceeds, or
      otherwise. The Trustee shall be entitled to be reimbursed from the Certificate
      Account for Advances made by it pursuant to this Section 5.04 as if it were
      the
      Master Servicer.

     

    Section
      5.05.  Compensating
      Interest Payments.

     

    The
      Master Servicer shall not be responsible for making any Compensating Interest
      Payments not made by the Servicers. Any Compensating Interest Payments on Pool
      2
      Mortgage Loans made by the Servicers shall be a component of the Available
      Distribution Amount. Any Compensating Interest Payments on Pool 1 Mortgage
      Loans
      made by the Servicers shall be a component of the Interest Remittance
      Amount.

     

    
      
        
        

      

      
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    Section
      5.06.  Funding
      Account.

     

    (a)  No
      later
      than the Closing Date, the Trustee shall establish and maintain a segregated
      trust account that is an Eligible Account, which shall be titled “Funding
      Account, U.S Bank National Association as trustee, in trust for the registered
      holders of Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
      Certificates Series 2007-3” (the “Funding Account”). The Trustee shall, promptly
      upon receipt, deposit in the Funding Account and retain therein the Funding
      Amount remitted on the Closing Date to the Trustee by the Depositor. As of
      the
      closing date, the amount of $10,860,862.21 was deposited into the Funding
      Account. Funds deposited in the Funding Account shall be held in trust by the
      Trustee on behalf of the Certificateholders for the uses and purposes set forth
      herein. On the Distribution Date in April 2007, the Trustee will withdraw from
      the Funding Account an amount equal to the Funding Amount. The Trustee shall
      pay
      (i) the Funding Amount with respect to Pool 1 to the Certificateholders in
      accordance with the priorities set forth in Section 5.02 as if the interest
      portion of such amounts were included in the Interest Remittance Amount for
      Pool
      1 and as if the principal portion of such amounts if any, were included in
      the
      Principal Remittance Amount for Pool 1, (ii) the Funding Amount with respect
      to
      Pool 2 to the Certificateholders in accordance with the priorities set forth
      in
      Section 5.02 as if such amounts were included in the Available Distribution
      Amount of Pool 2, (iii) the Funding Amount with respect to Pool 3 to the
      Certificateholders in accordance with the priorities set forth in Section 5.02
      as if such amounts were included in the Available Distribution Amount of Pool
      3,
      and (iv) the Funding Amount with respect to Pool 4 to the Certificateholders
      in
      accordance with the priorities set forth in Section 5.02 as if such amounts
      were
      included in the Available Distribution Amount of Pool 4 provided, however,
      that
      the Trustee shall not be entitled to any payment pursuant to Sections 5.02(b)(i)
      or 5.02(c)(i)(A) with respect to the Funding Amount.

     

    (b)  The
      Trustee will invest funds deposited in the Funding Account in Eligible
      Investments as directed in writing by the Depositor (provided that if the
      Trustee does not receive written direction from the Depositor, the amounts
      in
      the Funding Account shall not be invested) with a maturity date no later than
      the Business Day preceding the first Distribution Date. For federal income
      tax
      purposes, the Depositor shall be the owner of the Funding Account and shall
      report all items of income, deduction, gain or loss arising therefrom. At no
      time will the Funding Account be an asset of any of the REMICs provided for
      herein. All income and gain realized from investment of funds deposited in
      the
      Funding Account shall be for the sole and exclusive benefit of the Depositor
      and
      shall be remitted by the Trustee to the Depositor within eight (8) Business
      Days
      of the first Distribution Date. The Depositor shall deposit in the Funding
      Account the amount of any net loss incurred in respect of any such Eligible
      Investment immediately upon realization of such loss.

     

    (c)  On
      the
      Distribution Date in April 2007, any amounts remaining on deposit in the Funding
      Account after withdrawals pursuant to paragraph (a) above shall be withdrawn
      by
      the Trustee and paid to the Depositor or its designee and the Trustee shall
      terminate the Funding Account on such first Distribution Date.

     

    
      
        
        

      

      
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    (d)  For
      purposes of computations throughout this Agreement (other than for purposes
      of
      computing any fee or the Net WAC of any Pool or portion thereof), with respect
      to pool, (i) Pool 1 shall be deemed to include as an Interest Remittance Amount
      for $67,278.38 and as a Principal Remittance Amount, zero dollars, (ii)
Pool
      2
      shall be deemed to include as an Interest Remittance Amount for $70,127.52
      and
      as a Principal Remittance Amount for $147,551.46,
      (iii)
      Pool 3 hall be deemed to include as an Interest Remittance Amount for $56,606.74
      and as a Principal Remittance Amount for $10,073,803.36, the Funding Amount
      with
      respect to Pool 3 to the Certificateholders, and (iv) Pool 4 shall be deemed
      to
      include as an Interest Remittance Amount for $99,992.61 and a Principal
      Remittance Amount for $345,502.13, in accordance with the priorities set forth
      in Section 5.02, as if such amounts were included in the Available Distribution
      Amount of each respective Pool, provided, however, that the Trustee shall not
      be
      entitled to any payment pursuant to Sections 5.02(b)(i) or 5.02(c)(i)(A) with
      respect to the Funding Amount.

     

    Section
      5.07.  Basis
      Risk Reserve Funds.

     

    (a)  On
      the
      Closing Date, the Trustee shall establish and maintain in its name, and on
      behalf of the Trust Fund, in trust for the benefit of the holders of the Group
      I
      Certificates, the Basis Risk Reserve Fund. In addition, the Trustee shall hold
      on behalf of the Trust Fund, the Interest Rate Cap Agreement as an asset in
      the
      Basis Risk Reserve Fund. The Basis Risk Reserve Fund shall be an Eligible
      Account, and funds on deposit therein shall be held separate and apart from,
      and
      shall not be commingled with, any other moneys, including, without limitation,
      other moneys of the Trustee held pursuant to this Agreement.

     

    (b)  On
      each
      Distribution Date on which there is a payment received under the Interest Rate
      Cap Agreement that is based on a notional amount in excess of the aggregate
      Class Principal Amount of the Group I Certificates (other than the Class 1-AX
      Certificates) (such amount, the “C-X Component Excess Cap Amount”), the Trustee
      shall distribute such C-X Component Excess Cap Amount to the Class X
      Certificateholders in respect of the C-X Component pursuant to Section
      5.02(f)(iv). On each Distribution Date the Trustee shall distribute in the
      order
      of priority and to the extent specified in Section 5.02(f)(iv) of this Agreement
      the sum of (without duplication) (a) any payments made by the Cap Counterparty
      to the Trust Fund for such Distribution Date with respect to the Interest Rate
      Cap Agreement and (b) any amounts then on deposit in the Basis Risk Reserve
      Fund, including any earnings thereon. On any Distribution Date, any amounts
      that
      the Trustee is not required to distribute from the Basis Risk Reserve Fund
      pursuant to Section 5.02(f)(iv)of this Agreement shall remain on deposit in
      the
      Basis Risk Reserve Fund.

     

    (c)  Funds
      in
      the Basis Risk Reserve Fund shall be invested in Eligible Investments. The
      C-X
      Component of the Class X Certificates shall evidence ownership of the portion
      of
      the Basis Risk Reserve Fund related to the Interest Rate Cap Agreement for
      federal income tax purposes and LBH on behalf of the Holders thereof shall
      direct the Trustee, in writing, as to investment of amounts on deposit therein.
      LBH shall be liable for any losses incurred on such investments. In the absence
      of written instructions from LBH as to investment of funds on deposit in the
      Basis Risk Reserve Fund, such funds shall remain uninvested. The Basis Risk
      Reserve Fund will be terminated after the termination of the Trust Fund pursuant
      to Article VII.

     

    
      
        
        

      

      
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    Section
      5.08.  Supplemental
      Interest Trust.

     

    (a)  A
      separate trust is hereby established (the “Supplemental Interest Trust”), the
      corpus of which shall be held by the Trustee, on behalf of the Trust Fund,
      for
      the benefit of the holders of the Certificates and the Swap Counterparty. The
      Trustee, as trustee of the Supplemental Interest Trust, shall establish an
      account (the “Supplemental Interest Trust Account”). The Supplemental Interest
      Trust Account shall be an Eligible Account, and funds on deposit therein shall
      be held separate and apart from, and shall not be commingled with, any other
      moneys, including, without limitation, other moneys of the Trustee held pursuant
      to this Agreement. 

     

    (b)  The
      Trustee shall deposit into the Supplemental Interest Trust Account any Net
      Swap
      Payment required pursuant to Sections 5.02(b)(ii), 5.02(c)(i)(B) and
      5.02(c)(ii)(B), any Swap Termination Payment required pursuant to Sections
      5.02(b)(ii), 5.02(c)(i)(B) and 5.02(c)(ii)(B), any amounts received from the
      Swap Counterparty under the Swap Agreement and any amounts required pursuant
      to
      Section 5.02(f)(vii), and shall distribute from the Supplemental Interest Trust
      Account any Net Swap Payment required pursuant to Section 5.02(f)(i) or Swap
      Termination Payment required pursuant to Sections 5.02(g)(ii) and
      (x).

     

    (c)  Funds
      in
      the Supplemental Interest Trust Account shall be invested in Eligible
      Investments. Any earnings on such amounts shall be distributed on each
      Distribution Date pursuant to Section 5.02(f). The S-X Component of the Class
      X
      Certificates shall evidence ownership of the Supplemental Interest Trust Account
      for federal income tax purposes and the Holder thereof shall direct the Trustee,
      in writing, as to investment of amounts on deposit therein. The Class X
      Certificateholders shall be liable for any losses incurred on such investments.
      In the absence of written instructions from the Class X Certificateholders
      as to
      investment of funds on deposit in the Supplemental Interest Trust Account,
      such
      funds shall be invested in the Wells Fargo Advantage Prime Money Market Fund
      or
      comparable investment vehicle. Any amounts on deposit in the Supplemental
      Interest Trust Account in excess of the Supplemental Interest Trust Amount
      on
      any Distribution Date shall be held for distribution pursuant to Section 5.02(f)
      on the following Distribution Date.

     

    (d)  Upon
      termination of the Trust Fund, any amounts remaining in the Supplemental
      Interest Trust Account shall be distributed pursuant to the priorities set
      forth
      in Section 5.02(f).

     

    (e)  (Reserved)

     

    (f)  To
      the
      extent that the Supplemental Interest Trust is determined to be a separate
      legal
      entity from the Trustee, any obligation of the Trustee under the Swap Agreement
      shall be deemed to be an obligation of the Supplemental Interest
      Trust.

     

    Section
      5.09.  Collateral
      Account.

     

    In
      the
      event that the Swap Counterparty is required to post collateral pursuant to
      a
      downgrade event under the Swap Agreement, the Trustee, on behalf of the Trust
      Fund, is hereby authorized to establish on the Closing Date, a Collateral
      Account for the deposit of such monies. Funds in the Collateral Account shall
      not be commingled with any other monies and shall not be invested. Funds in
      the
      Collateral Account will be administered pursuant to the Credit Support Annex
      of
      the Swap Agreement. The Collateral Account shall not be an asset of any REMIC.
      On the first Distribution Date immediately following any Swap Payment Date
      as to
      which a shortfall exists with respect to a Net Swap Payment or a Swap
      Termination Payment owed by the Swap Counterparty as a result of its failure
      to
      make payments pursuant to the Swap Agreement, amounts necessary to cover such
      shortfall shall be removed from the Collateral Account and distributed as all
      or
      a portion of such Net Swap Payment or Swap Termination Payment pursuant to
      Section 5.02.

     

    
      
        
        

      

      
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    Section
      5.10.  Rights
      of Swap Counterparty. 

     

    The
      Swap
      Counterparty shall be deemed a third-party beneficiary of this Agreement to
      the
      same extent as if it were a party hereto and shall have the right, upon
      designation of an “Early Termination Date” (as defined in the Swap Agreement),
      to enforce its rights under this Agreement, which rights include but are not
      limited to the obligation of the Trustee (A) to deposit any Net Swap Payment
      required pursuant to Sections 5.02(b)(ii), 5.02(c)(i)(B) and 5.02(c)(ii)(B),
      and
      any Swap Termination Payment required pursuant to Sections 5.02(b)(ii),
      5.02(c)(i)(B) and 5.02(c)(ii)(B), into the Supplemental Interest Trust Account,
      (B) to deposit any amounts required pursuant to Section 5.08(b) into the
      Supplemental Interest Trust Account, (C) to pay any Net Swap Payment required
      pursuant to Section 5.02(f)(i) or Swap Termination Payment required pursuant
      to
      Sections 5.02(f)(ii) and (x) to the Swap Counterparty and (D) to establish
      and
      maintain the Supplemental Interest Trust Account, to make such deposits thereto,
      investments therein and distributions therefrom as are required pursuant to
      Section 5.08. For the protection and enforcement of the provisions of this
      Section the Swap Counterparty shall be entitled to such relief as can be given
      either at law or in equity.

     

    Section
      5.11.  Termination
      Receipts. 

     

    In
      the
      event of an “Early Termination Event” as defined under the Swap Agreement, (i)
      any Swap Termination Payment made by the Swap Counterparty to the Supplemental
      Interest Trust and paid pursuant to Section 5.02(f)(ix) (“Termination Receipts”)
      will be deposited in a segregated non-interest bearing account which shall
      be an
      Eligible Account established by the Trustee (the “Termination Receipts Account”)
      and (ii) any amounts received from a replacement Swap Counterparty (“Replacement
      Receipts”) will be deposited in a segregated non-interest bearing account which
      shall be an Eligible Account established by the Trustee (the “Replacement
      Receipts Account”). The Trustee shall invest, or cause to be invested, funds
      held in the Termination Receipts Account and the Replacement Receipts Account
      in
      time deposits of the Trustee as permitted by clause (ii) of the definition
      of
      Eligible Investments or as otherwise directed in writing by a majority of the
      Certificateholders. All such investments must be payable on demand or mature
      on
      a Swap Payment Date or such other date as directed by the Certificateholders.
      All such Eligible Investments will be made in the name of the Trustee of the
      Supplemental Interest Trust (in its capacity as such) or its nominee. All income
      and gain realized from any such investment shall be deposited in the Termination
      Receipts Account or the Replacement Receipts Account, as applicable, and all
      losses, if any, shall be borne by the related account. The Trustee shall have
      no
      liability for losses on investments in Eligible Investments made pursuant to
      this Section 5.11 (other than as obligor on any such investments). 

     

    
      
        
        

      

      
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    Unless
      otherwise permitted by the Rating Agencies as evidenced in a written
      confirmation, the Depositor shall arrange for replacement Swap Agreement(s)
      and
      the Trustee shall promptly, with the assistance and cooperation of the
      Depositor, use amounts on deposit in the Termination Receipts Account, if
      necessary, to enter into replacement Swap Agreement(s) which shall be executed
      and delivered by the Trustee on behalf of the Supplemental Interest Trust upon
      receipt of written confirmation from each Rating Agency that such replacement
      Swap Agreement(s) will not result in the reduction or withdrawal of the rating
      of any outstanding Class of Certificates with respect to which it is a Rating
      Agency. 

     

    Amounts
      on deposit in the Replacement Receipts Account shall be held for the benefit
      of
      the related Swap Counterparty and paid to such Swap Counterparty if the
      Supplemental Interest Trust is required to make a payment to such Swap
      Counterparty following an event of default or termination event with respect
      to
      the Supplemental Interest Trust under the related Swap Agreement. Any amounts
      not so applied shall, following the termination or expiration of such Swap
      Agreement, be paid to the S-X Component of the Class X Certificates. Neither
      the
      Termination Receipts Account nor the Replacement Receipts Account shall be
      the
      asset of any REMIC.

     

    Section
      5.12.  1-X
      Component Account.

     

    (a) No
      later
      than the first date on which any NIM Securities are issued , the Trustee shall
      establish and maintain in its name, on behalf of the Trust Fund, for the benefit
      of the holders of the Class X Certificates, the 1-X Component Account and the
      Depositor may deposit a dollar amount into the 1-X Component Account. The 1-X
      Component Account shall be an Eligible Account, and funds on deposit therein
      shall be held separate and apart from, and shall not be commingled with, any
      other moneys, including, without limitation, other moneys of the Trustee held
      pursuant to this Agreement.

     

    (b) Funds
      in
      the 1-X Component Account may be invested in Eligible Investments having fixed
      maturities described in clauses (i), (iv), (v) or (vii) of the definition
      thereof by the Trustee at the written direction of the holders of the Class
      C
      Certificates maturing on or prior to the next succeeding Distribution Date.
      No
      Eligible Investments shall be acquired or disposed of for the primary purpose
      of
      recognizing gains or decreasing losses from market value changes. Any funds
      held
      in the 1-X Component Account that are not invested shall be held in cash. In
      the
      absence of such written direction, all funds in the 1-X Component Account shall
      remain uninvested. Any investment earnings on such amounts shall be payable
      to
      the Class C Certificates. The Trustee shall account for the 1-X Component
      Account as an outside reserve fund within the meaning of Treasury regulation
      1.860G-2(h) and not an asset of any REMIC created pursuant to this Agreement.
      The Class C Certificates shall evidence ownership of the 1-X Component Account
      for federal tax purposes and the Holders thereof shall direct the Trustee in
      writing as to the investment of amounts therein. Upon termination of the 1-X
      Component Account, any amounts remaining in the 1-X Component Account shall
      be
      distributed to the holders of the Class C Certificates in the same manner as
      if
      distributed pursuant to section 5.02(g)(i) hereof. The Trustee shall have no
      liability for losses on investments in Eligible Investments made pursuant to
      this Section 5.12(b) (other than as obligor on any such investments).

     

    
      
        
        

      

      
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    (c) On
      each
      Distribution Date on or prior to the 1-X Component Termination Date, amounts
      on
      deposit in the 1-X Component Account will be withdrawn and applied to make
      payments on the Class X and Class C Certificates, as provided in Section
      5.02(g)(i) of this Agreement. Any amounts that the Trustee is not required
      to
      distribute from the 1-X Component Account pursuant to section 5.02(g) of this
      Agreement shall remain on deposit in the 1-X Component Account.

     

    (d) The
      1-X
      Component Account shall terminate on the earlier of (i) the 1-X Component
      Account Termination Date or (ii) the Distribution Date on which the amount
      on
      deposit in the 1-X Component Account is reduced to zero.

     

    Section
      5.13.  The
      Class P Reserve Fund.

     

    (a)  The
      Trustee shall establish and maintain four segregated trust accounts that are
      Eligible Account, which shall be titled “Class 1-AP Reserve Fund, Wells Fargo
      Bank, N.A., as trustee, in trust for the registered holders of Structured
      Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series
      2007-3” (the “Class 1-AP Reserve Fund”), “Class 2-AP Reserve Fund, Wells Fargo
      Bank, N.A., as trustee, in trust for the registered holders of Structured
      Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series
      2007-3” (the “Class 2-AP Reserve Fund”), Class 3-AP Reserve Fund, Wells Fargo
      Bank, N.A., as trustee, in trust for the registered holders of Structured
      Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series
      2007-3” (the “Class 3-AP Reserve Fund”) and Class 4-AP Reserve Fund, Wells Fargo
      Bank, N.A., as trustee, in trust for the registered holders of Structured
      Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series
      2007-3” (the “Class 4-AP Reserve Fund”). The Trustee shall credit each of the
      Class 1-AP Reserve Fund, the Class 2-AP Reserve Fund, the Class 3-AP Reserve
      Fund and the Class 4-AP Reserve Fund with $100 remitted for such purpose to
      the
      Trustee by LBH. Funds deposited in the Class 1-AP Reserve Fund, the Class 2-AP
      Reserve Fund, the Class 3-AP Reserve Fund and the Class 3-AP Reserve Fund shall
      be held in trust by the Trustee on behalf of the Certificateholders until
      distributed pursuant to Section 5.15(c).

     

    (b)  Funds
      in
      each of the Class 1-AP Reserve Fund, the Class 2-AP Reserve Fund, the Class
      3-AP
      Reserve Fund and the Class 4-AP Reserve Fund shall remain
      uninvested.

     

    (c)  On
      the
      Distribution Date in April 2012, the Trustee shall distribute $100 from the
      Class 1-AP Reserve Fund to the Holders of the Class 1-AP Certificates, $100
      from
      the Class 2-AP Reserve Fund to the Holders of the Class 2-AP Certificates,
      $100
      from the Class 3-AP Reserve Fund to the Holders of the Class 3-AP Certificates
      and $100 from the Class 4-AP Reserve Fund to the Holders of the Class 4-AP
      Certificates.

     

    ARTICLE
      VI

     

    CONCERNING
      THE TRUSTEE; EVENTS OF DEFAULT

     

    Section
      6.01.  Duties
      of Trustee.

     

    (a)  The
      Trustee, except during the continuance of an Event of Default (of which a
      Responsible Officer of the Trustee shall have actual knowledge), undertakes
      to
      perform such duties and only such duties as are specifically set forth in this
      Agreement. Any permissive right of the Trustee provided for in this Agreement
      shall not be construed as a duty of the Trustee. If an Event of Default (of
      which a Responsible Officer of the Trustee shall have actual knowledge) has
      occurred and has not otherwise been cured or waived, the Trustee shall exercise
      such of the rights and powers vested in it by this Agreement and use the same
      degree of care and skill in their exercise as a prudent Person would exercise
      or
      use under the circumstances in the conduct of such Person’s own affairs unless
      the Trustee is acting as Master Servicer, in which case it shall use the same
      degree of care and skill as the Master Servicer hereunder.

     

    
      
        
        

      

      
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    (b)  The
      Trustee, upon receipt of all resolutions, certificates, statements, opinions,
      reports, documents, orders or other instruments furnished to the Trustee which
      are specifically required to be furnished pursuant to any provision of this
      Agreement, shall examine them to determine whether they are, on their face,
      in
      the form required by this Agreement; provided, however, that the Trustee shall
      not be responsible for the accuracy or content of any such resolution,
      certificate, statement, opinion, report, document, order or other instrument
      furnished by the Master Servicer, the Cap Counterparty, the Swap Counterparty,
      the NIMS Insurer or any Servicer to the Trustee, pursuant to this Agreement,
      and
      the Trustee shall not be required to recalculate or verify any numerical
      information furnished to the Trustee pursuant to this Agreement. Subject to
      the
      immediately preceding sentence, if any such resolution, certificate, statement,
      opinion, report, document, order or other instrument is found not to conform
      on
      its face to the form required by this Agreement in a material manner the Trustee
      shall notify the Person providing such resolutions, certificates, statements,
      opinions, reports or other documents of the non-conformity, and if the
      instrument is not corrected to the Trustee’s satisfaction, the Trustee will
      provide notice thereof to the Certificateholders and any NIMS Insurer and will,
      at the expense of the Trust Fund, which expense shall be reasonable given the
      scope and nature of the required action, take such further action as directed
      by
      the Certificateholders and any NIMS Insurer.

     

    (c)  The
      Trustee shall not have any liability arising out of or in connection with this
      Agreement, except for its negligence or willful misconduct. Notwithstanding
      anything in this Agreement to the contrary, the Trustee shall not be liable
      for
      special, indirect or consequential losses or damages of any kind whatsoever
      (including, but not limited to, lost profits). No provision of this Agreement
      shall be construed to relieve the Trustee from liability for its own negligent
      action, its own negligent failure to act or its own willful misconduct;
      provided, however, that:

     

    (i)  The
      Trustee shall not be personally liable with respect to any action taken,
      suffered or omitted to be taken by it in good faith in accordance with the
      consent or direction of Holders of Certificates as provided in Section 6.18
      hereof;

     

    (ii)  For
      all
      purposes under this Agreement, the Trustee shall not be deemed to have notice
      of
      any Event of Default (other than resulting from a failure by the Master Servicer
      to remit funds or to furnish information to the Trustee when required to do
      so)
      unless a Responsible Officer of the Trustee has actual knowledge thereof or
      unless written notice of any event which is in fact such a default is received
      by the Trustee at the address provided in Section 11.07, and such notice
      references the Holders of the Certificates and this Agreement; and

     

    
      
        
        

      

      
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    (iii)  With
      respect to amounts that would be treated as “unanticipated expenses” within the
      meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii) if paid or reimbursed
      by the REMICs hereunder, no provision of this Agreement shall require the
      Trustee to expend or risk its own funds or otherwise incur any financial
      liability in the performance of any of its duties hereunder, or in the exercise
      of any of its rights or powers, if it shall have reasonable grounds for
      believing that repayment of such funds or adequate indemnity against such risk
      or liability is not reasonably assured to it, and none of the provisions
      contained in this Agreement shall in any event require the Trustee to perform,
      or be responsible for the manner of performance of, any of the obligations
      of
      the Master Servicer under this Agreement except, with respect to the Trustee,
      during such time, if any, as the Trustee shall be the successor to, and be
      vested with the rights, duties, powers and privileges of, the Master Servicer
      in
      accordance with the terms of this Agreement.

     

    (iv)  The
      Trustee shall not be responsible for the acts or omissions of any Servicer,
      Custodian or the Master Servicer, it being understood that this Agreement shall
      not be construed to render any of them agents of one another.

     

    (d)  The
      Trustee shall have no duty hereunder with respect to any complaint, claim,
      demand, notice or other document it may receive or which may be alleged to
      have
      been delivered to or served upon it by the parties as a consequence of the
      assignment of any Mortgage Loan hereunder; provided, however, that the Trustee
      shall use its commercially reasonable efforts to remit to the Master Servicer
      upon receipt any such complaint, claim, demand, notice or other document (i)
      which is delivered to the Corporate Trust Office of the Trustee, (ii) of which
      a
      Responsible Officer has actual knowledge, and (iii) which contains information
      sufficient to permit the Trustee to make a determination that the real property
      to which such document relates is a Mortgaged Property.

     

    (e)  The
      Trustee shall not be personally liable with respect to any action taken,
      suffered or omitted to be taken by it in good faith in accordance with the
      direction of any NIMS Insurer or the Certificateholders of any Class holding
      Certificates which evidence, as to such Class, Percentage Interests aggregating
      not less than 25% as to the time, method and place of conducting any proceeding
      for any remedy available to the Trustee, or exercising any trust or power
      conferred upon the Trustee under this Agreement.

     

    (f)  The
      Trustee shall not be required to perform services under this Agreement, or
      to
      expend or risk its own funds or otherwise incur financial liability for the
      performance of any of its duties hereunder or the exercise of any of its rights
      or powers if there is reasonable ground for believing that the timely payment
      of
      its fees and expenses or the repayment of such funds or adequate indemnity
      against such risk or liability is not reasonably assured to it, and none of
      the
      provisions contained in this Agreement shall in any event require the Trustee
      to
      perform, or be responsible for the manner of performance of, any of the
      obligations of the Master Servicer or any Servicer under this Agreement or
      any
      Servicing Agreement except during such time, if any, as the Trustee shall be
      the
      successor to, and be vested with the rights, duties, powers and privileges
      of
      the Master Servicer in accordance with the terms of this Agreement.

     

    
      
        
        

      

      
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    (g)  The
      Trustee shall not be held liable by reason of any insufficiency in any account
      (including without limitation the Collection Account and Certificate Account)
      held by or on behalf of the Trustee resulting from any investment loss on any
      Eligible Investment included therein (except to the extent that the Trustee
      is
      the obligor and has defaulted thereon).

     

    (h)  Except
      as
      otherwise provided herein, the Trustee shall not have any duty (A) to see to
      any
      recording, filing, or depositing of this Agreement or any agreement referred
      to
      herein or any financing statement or continuation statement evidencing a
      security interest, or to see to the maintenance of any such recording or filing
      or depositing or to any re-recording, re-filing or re-depositing of any thereof,
      (B) to see to any insurance, (C) to see to the payment or discharge of any
      tax,
      assessment, or other governmental charge or any lien or encumbrance of any
      kind
      owing with respect to, assessed or levied against, any part of the Trust Fund
      other than from funds available in the Collection Account or the Certificate
      Account, or (D) to confirm or verify the contents of any reports or certificates
      of the Master Servicer, any Custodian, any Servicer, the Swap Counterparty,
      the
      Cap Counterparty, the NIMS Insurer or the Depositor delivered to the Trustee
      pursuant to this Agreement believed by the Trustee, to be genuine and to have
      been signed or presented by the proper party or parties.

     

    (i)  The
      Trustee shall not be liable in its individual capacity for an error of judgment
      made in good faith by a Responsible Officer or other officers of the Trustee,
      unless it shall be proved that the Trustee was negligent in ascertaining the
      pertinent facts.

     

    (j)  Notwithstanding
      anything in this Agreement to the contrary, the Trustee shall not be liable
      for
      special, indirect or consequential losses or damages of any kind whatsoever
      (including, but not limited to, lost profits), even if the Trustee has been
      advised of the likelihood of such loss or damage and regardless of the form
      of
      action.

     

    (k)  The
      Trustee shall not be responsible for the acts or omissions of any Servicer,
      Custodian or the Master Servicer, it being understood that this Agreement shall
      not be construed to render any of them agents of one another.

     

    (l)  For
      so
      long as the Depositor is subject to Exchange Act reporting requirements for
      the
Structured
      Adjustable Rate Mortgage Loan Trust Mortgage
      Pass-Through Certificates, Series 2007-3,
      the Trustee
      shall give prior written notice to the Sponsor, the Master Servicer and the
      Depositor of the appointment of any Subcontractor by it and a written
      description (in form and substance satisfactory to the Sponsor and the
      Depositor) of the role and function of each Subcontractor utilized by the
      Trustee, specifying (A) the identity of each such Subcontractor and (B) which
      elements of the servicing criteria set forth under Item 1122(d) of Regulation
      AB
      will be addressed in assessments of compliance provided by each such
      Subcontractor.

     

    (m)  The
      Trustee shall notify the Sponsor, the Master Servicer and the Depositor within
      five (5) calendar days of knowledge thereof (i) of any legal proceedings pending
      against the Trustee of the type described in Item 1117 (§ 229.1117) of
      Regulation AB, and (ii) of any merger, consolidation or sale of substantially
      all of the assets of the Trustee, and (iii) if the Trustee shall become (but
      only to the extent not previously disclosed) at any time an affiliate of any
      of
      the parties listed on Exhibit R hereto. On or before March 1st
      of each
      year, the Depositor shall distribute the information on Exhibit R to the
      Trustee.

     

    
      
        
        

      

      
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    Section
      6.02.  Certain
      Matters Affecting the Trustee.

     

    Except
      as
      otherwise provided in Section 6.01:

     

    (a)  The
      Trustee may request, and may rely upon and shall be protected in acting or
      refraining from acting upon any resolution, Officer’s Certificate, certificate
      of auditors, Opinion of Counsel or any other certificate, statement, instrument,
      opinion, report, notice, request, consent, order, approval, bond or other paper
      or document believed by it to be genuine and to have been signed or presented
      by
      the proper party or parties;

     

    (b)  The
      Trustee may consult with counsel and any advice of its counsel or Opinion of
      Counsel shall be full and complete authorization and protection in respect
      of
      any action taken or suffered or omitted by it hereunder in good faith and in
      accordance with such advice or Opinion of Counsel;

     

    (c)  The
      Trustee shall not be personally liable for any action taken, suffered or omitted
      by it in good faith and reasonably believed by it to be authorized or within
      the
      discretion or rights or powers conferred upon it by this Agreement;

     

    (d)  Unless
      an
      Event of Default shall have occurred and be continuing, the Trustee shall not
      be
      bound to make any investigation into the facts or matters stated in any
      resolution, certificate, statement, instrument, opinion, report, notice,
      request, consent, order, approval, bond or other paper or document (provided
      the
      same appears regular on its face), unless requested in writing to do so by
      any
      NIMS Insurer or Holders of at least a majority in Class Principal Amount (or
      Class Notional Amount) of each Class of Certificates; provided, however, that,
      if the payment within a reasonable time to the Trustee of the costs, expenses
      or
      liabilities likely to be incurred by it in the making of such investigation
      is,
      in the opinion of the Trustee, not reasonably assured to the Trustee by the
      security afforded to it by the terms of this Agreement, the Trustee may require
      reasonable indemnity against such expense or liability or payment of such
      estimated expenses as a condition to proceeding. The reasonable expense thereof
      shall be paid by the Holders requesting such investigation and if not reimbursed
      by the requesting party shall be reimbursed to the Trustee by the Trust
      Fund;

     

    (e)  The
      Trustee may execute any of the trusts or powers hereunder or perform any duties
      hereunder either directly or by or through agents, custodians, or attorneys,
      which agents, custodians or attorneys shall have any and all of the rights,
      powers, duties and obligations of the Trustee, conferred on them by such
      appointment provided that each of the Trustee shall continue to be responsible
      for its duties and obligations hereunder to the extent provided herein, and
      provided further that the Trustee shall not be responsible for any misconduct
      or
      negligence on the part of any such agent or attorney appointed with due care
      by
      the Trustee;

     

    (f)  The
      Trustee shall not be under any obligation to exercise any of the trusts or
      powers vested in it by this Agreement or to institute, conduct or defend any
      litigation hereunder or in relation hereto, in each case at the request, order
      or direction of any of the Certificateholders or any NIMS Insurer pursuant
      to
      the provisions of this Agreement, unless such Certificateholders or any NIMS
      Insurer shall have offered to the Trustee reasonable security or indemnity
      against the costs, expenses and liabilities which may be incurred therein or
      thereby;

     

    
      
        
        

      

      
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    (g)  The
      right
      of the Trustee to perform any discretionary act enumerated in this Agreement
      shall not be construed as a duty, and the Trustee shall not be answerable for
      other than its negligence or willful misconduct in the performance of such
      act;
      and

     

    (h)  The
      Trustee shall not be required to give any bond or surety in respect of the
      execution of the Trust Fund created hereby or the powers granted
      hereunder.

     

    Section
      6.03.  Trustee
      Not Liable for Certificates.

     

    The
      Trustee makes no representations as to the validity or sufficiency of this
      Agreement, the Swap Agreement, the Interest Rate Cap Agreement or any Custodial
      Agreement, of the Certificates (other than the certificate of authentication
      on
      the Certificates), or of any Mortgage Loan or Servicing Agreement, or related
      document save that the Trustee represents that, assuming due execution and
      delivery by the other parties hereto, this Agreement has been duly authorized,
      executed and delivered by it and constitutes its valid and binding obligation,
      enforceable against it in accordance with its terms except that such
      enforceability may be subject to (A) applicable bankruptcy and insolvency laws
      and other similar laws affecting the enforcement of the rights of creditors
      generally, and (B) general principles of equity regardless of whether such
      enforcement is considered in a proceeding in equity or at law. The Trustee
      shall
      not be accountable for the use or application by the Depositor of funds paid
      to
      the Depositor in consideration of the assignment of the Mortgage Loans to the
      Trust Fund by the Depositor or for the use or application of any funds deposited
      into the Collection Account, the Certificate Account, any Escrow Account or
      any
      other fund or account maintained with respect to the Certificates. The Trustee
      shall not be responsible for the legality or validity of this Agreement, the
      Swap Agreement, the Interest Rate Cap Agreement, the Custodial Agreements or
      the
      Servicing Agreements or the validity, priority, perfection or sufficiency of
      the
      security for the Certificates issued or intended to be issued hereunder. Except
      as otherwise provided herein, the Trustee shall not have any responsibility
      for
      filing any financing or continuation statement in any public office at any
      time
      or to otherwise perfect or maintain the perfection of any security interest
      or
      lien granted to it hereunder or to record this Agreement.

     

    Section
      6.04.  Trustee
      May Own Certificates.

     

    The
      Trustee and any Affiliate or agent of the Trustee in its individual or any
      other
      capacity may become the owner or pledgee of Certificates and may transact
      banking and trust business with the other parties hereto with the same rights
      it
      would have if it were not Trustee or such agent.

     

    Section
      6.05.  Eligibility
      Requirements for Trustee.

     

    The
      Trustee hereunder shall at all times be (i) an institution whose accounts are
      insured by the FDIC and (ii) a corporation or national banking association,
      organized and doing business under the laws of any State or the United States
      of
      America, authorized under such laws to exercise corporate trust powers, having
      a
      combined capital and surplus of not less than $50,000,000 and a rating of not
      less than “A-” by S&P, and subject to supervision or examination by federal
      or state authority. If such corporation or national banking association
      publishes reports of condition at least annually, pursuant to law or to the
      requirements of the aforesaid supervising or examining authority, then, for
      the
      purposes of this Section, the combined capital and surplus of such corporation
      or national banking association shall be deemed to be its combined capital
      and
      surplus as set forth in its most recent report of condition so published. In
      case at any time the Trustee shall cease to be eligible in accordance with
      provisions of this Section, the Trustee shall resign immediately in the manner
      and with the effect specified in Section 6.06.

     

    
      
        
        

      

      
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    Section
      6.06.  Resignation
      and Removal of Trustee.

     

    (a)  The
      Trustee may at any time resign and be discharged from the trust hereby created
      by giving written notice thereof to the Trustee, the Depositor, the Rating
      Agencies, any NIMS Insurer, the Swap Counterparty and the Master Servicer.
      Upon
      receiving such notice of resignation, the Depositor will promptly a successor
      trustee acceptable to any NIMS Insurer by written instrument, one copy of which
      instrument shall be delivered to the resigning Trustee, one copy to the
      successor trustee, one copy to each of the Rating Agencies and one copy to
      each
      of the Master Servicer, the Swap Counterparty and any NIMS Insurer. If no
      successor trustee shall have been so appointed and shall have accepted
      appointment within 30 days after the giving of such notice of resignation,
      the
      resigning Trustee may petition any court of competent jurisdiction for the
      appointment of a successor trustee.

     

    (b)  If
      at any
      time (i) the Trustee shall cease to be eligible in accordance with the
      provisions of Section 6.05 and shall fail to resign after written request
      therefor by the Depositor or any NIMS Insurer, (ii) the Trustee shall become
      incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver
      of the Trustee or of its property shall be appointed, or any public officer
      shall take charge or control of the Trustee or of its property or affairs for
      the purpose of rehabilitation, conservation or liquidation, (iii) a tax is
      imposed or threatened with respect to the Trust Fund by any state in which
      the
      Trustee or the Trust Fund held by the Trustee is located, (iv) the Trustee
      shall
      fail to provide the information required pursuant to Subsection 6.01 (l), (v)
      the continued use of the Trustee would result in a downgrading of the rating
      by
      the Rating Agencies of any Class of Certificates with a rating or (vi) the
      Trustee shall fail to provide the information, reports or assessments or
      attestations required pursuant to Section 9.25 hereof, then the Depositor or
      any
      NIMS Insurer shall remove the Trustee and appoint a successor trustee by written
      instrument, one copy of which instrument shall be delivered to the Trustee
      so
      removed, one copy to the successor trustee, one copy to each of the Rating
      Agencies and one copy to the Master Servicer, the Swap Counterparty and any
      NIMS
      Insurer.

     

    (c)  The
      Holders of more than 50% of the Class Principal Amount (or Class Notional
      Amount) of each Class of Certificates (or any NIMS Insurer in the event of
      failure of the Trustee to perform its obligations hereunder) may at any time
      upon 30 days’ written notice to the Trustee and the Depositor remove the Trustee
      by such written instrument, signed by such Holders or their attorney-in-fact
      duly authorized (or by any NIMS Insurer), one copy of which instrument shall
      be
      delivered to the Depositor, one copy to the Trustee and one copy to the Master
      Servicer, the Swap Counterparty and any NIMS Insurer; the Depositor shall
      thereupon appoint a successor trustee in accordance with this Section mutually
      acceptable to the Depositor and the Master Servicer and any NIMS
      Insurer.

     

    
      
        
        

      

      
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    (d)  Any
      resignation or removal of the Trustee and appointment of a successor trustee
      pursuant to any of the provisions of this Section shall become effective upon
      acceptance of appointment by the successor trustee as provided in Section
      6.07.

     

    Section
      6.07.  Successor
      Trustee.

     

    (a)  Any
      successor trustee appointed as provided in Section 6.06 shall execute,
      acknowledge and deliver to the Depositor, the Master Servicer, any NIMS Insurer,
      the Swap Counterparty and to its predecessor trustee an instrument accepting
      such appointment hereunder, and thereupon the resignation or removal of the
      predecessor trustee shall become effective and such successor trustee without
      any further act, deed or conveyance, shall become fully vested with all the
      rights, powers, duties and obligations of its predecessor hereunder, with like
      effect as if originally named as trustee herein. The predecessor trustee shall
      deliver to the successor trustee (or assign to the successor trustee its
      interest under each Custodial Agreement, to the extent permitted thereunder)
      all
      Mortgage Files and documents and statements related to each Mortgage File held
      by it hereunder, and shall duly assign, transfer, deliver and pay over to the
      successor trustee the entire Trust Fund, together with all necessary instruments
      of transfer and assignment or other documents properly executed necessary to
      effect such transfer and such of the record or copies thereof maintained by
      the
      predecessor trustee in the administration hereof as may be requested by the
      successor trustee and shall thereupon be discharged from all duties and
      responsibilities under this Agreement. In addition, the Master Servicer and
      the
      predecessor trustee shall execute and deliver such other instruments and do
      such
      other things as may reasonably be required to more fully and certainly vest
      and
      confirm in the successor trustee all such rights, powers, duties and
      obligations.

     

    (b)  No
      successor trustee shall accept appointment as provided in this Section unless
      at
      the time of such appointment such successor trustee shall be eligible under
      the
      provisions of Section 6.05.

     

    (c)  Upon
      acceptance of appointment by a successor trustee as provided in this Section,
      the Master Servicer shall mail notice of the succession of such trustee and
      to
      all Holders of Certificates at their addresses as shown in the Certificate
      Register and to the Rating Agencies. The expenses of such mailing shall be
      borne
      by the predecessor trustee.

     

    Section
      6.08.  Merger
      or Consolidation of Trustee. 

     

    Any
      Person into which the Trustee may be merged or with which it may be
      consolidated, or any Person resulting from any merger, conversion or
      consolidation to which the Trustee shall be a party, or any Persons succeeding
      to the corporate trust business of the Trustee, shall be the successor to the
      Trustee 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 that such Person shall be eligible under the
      provisions of Section 6.05. As
      a
      condition to the succession to the Trustee under this Agreement by any Person
      (i) into which the Trustee may be merged or consolidated, or (ii) which may
      be
      appointed as a successor to the Trustee the Trustee shall notify the Depositor
      and the Master Servicer, at least 15 calendar days prior to the effective date
      of such succession or appointment, of such succession or appointment and shall
      furnish to the Depositor in writing and in form and substance reasonably
      satisfactory to the Depositor, all information reasonably necessary for the
      Trustee to accurately and timely report, pursuant to Section 6.20, the event
      under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under
      the Exchange Act are required to be filed under the Exchange Act). 

     

    
      
        
        

      

      
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    Section
      6.09.  Appointment
      of Co-Trustee, Separate Trustee or Custodian.

     

    (a)  Notwithstanding
      any other provisions hereof, at any time, the Trustee, the Depositor or the
      Certificateholders evidencing more than 50% of the Class Principal Amount (or
      Class Notional Amount) of each Class of Certificates shall each have the power
      from time to time to appoint one or more Persons approved by the Trustee and
      any
      NIMS Insurer to act either as co-trustees jointly with the Trustee, or as
      separate trustees, or as custodians, for the purpose of holding title to,
      foreclosing or otherwise taking action with respect to any Mortgage Loan outside
      the state where the Trustee has its principal place of business where such
      separate trustee or co-trustee is necessary or advisable (or the Trustee has
      been advised by the Master Servicer that such separate trustee or co-trustee
      is
      necessary or advisable) under the laws of any state in which a property securing
      a Mortgage Loan is located or for the purpose of otherwise conforming to any
      legal requirement, restriction or condition in any state in which a property
      securing a Mortgage Loan is located or in any state in which any portion of
      the
      Trust Fund is located. The separate trustees, co-trustees, or custodians so
      appointed shall be trustees or custodians for the benefit of all the
      Certificateholders and shall have such powers, rights and remedies as shall
      be
      specified in the instrument of appointment; provided, however, that no such
      appointment shall, or shall be deemed to, constitute the appointee an agent
      of
      the Trustee. The obligation of the Trustee to make Advances pursuant to Section
      5.04 and 6.14 hereof shall not be affected or assigned by the appointment of
      a
      co-trustee, provided, however, that prior to the appointment hereunder of any
      such co-trustee, separate trustee, or custodian pursuant to this Section 6.09,
      such Person shall enter into an agreement, in form and substance satisfactory
      to
      the Depositor, the Master Servicer and the Trustee, relating to the satisfaction
      of such Person of its reporting obligations under Regulation AB with respect
      to
      the Trust Fund. The Trustee shall not be responsible for any action or omission
      of any separate trustee, co-trustee or custodian. Notwithstanding the foregoing,
      if such co-custodian or co-trustee is determined to be a Servicing Function
      Participant, no such co-custodian or co-trustee shall be vested with any powers,
      rights and remedies under this Agreement unless such party has agreed to comply
      with all Regulation AB requirements set forth under this Agreement or each
      Custodial Agreement, as applicable.

     

    (b)  Every
      separate trustee, co-trustee, and custodian shall, to the extent permitted
      by
      law, be appointed and act subject to the following provisions and
      conditions:

     

    (i)  all
      powers, duties, obligations and rights conferred upon the Trustee in respect
      of
      the receipt, custody and payment of moneys shall be exercised solely by the
      Trustee;

     

    (ii)  all
      other
      rights, powers, duties and obligations conferred or imposed upon the Trustee
      shall be conferred or imposed upon and exercised or performed by the Trustee
      and
      such separate trustee, co-trustee, or custodian jointly, except to the extent
      that under any law of any jurisdiction in which any particular act or acts
      are
      to be performed the Trustee shall be incompetent or unqualified to perform
      such
      act or acts, in which event such rights, powers, duties and obligations,
      including the holding of title to the Trust Fund or any portion thereof in
      any
      such jurisdiction, shall be exercised and performed by such separate trustee,
      co-trustee, or custodian;

     

    
      
        
        

      

      
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    (iii)  no
      trustee or custodian hereunder shall be personally liable by reason of any
      act
      or omission of any other trustee or custodian hereunder; and

     

    (iv)  the
      Trustee or the Certificateholders evidencing more than 50% of the Aggregate
      Voting Interests of the Certificates may at any time accept the resignation
      of
      or remove any separate trustee, co-trustee or custodian, so appointed by it
      or
      them, if such resignation or removal does not violate the other terms of this
      Agreement.

     

    (c)  Any
      notice, request or other writing given to the Trustee shall be deemed to have
      been given to each of the then separate trustees and co-trustees, as effectively
      as if given to each of them. Every instrument appointing any separate trustee,
      co-trustee or custodian shall refer to this Agreement and the conditions of
      this
      Article VI. Each separate trustee and co-trustee, upon its acceptance of the
      trusts conferred, shall be vested with the estates or property specified in
      its
      instrument of appointment, either jointly with the Trustee or separately, as
      may
      be provided therein, subject to all the provisions of this Agreement,
      specifically including every provision of this Agreement relating to the conduct
      of, affecting the liability of, or affording protection to, the Trustee. Every
      such instrument shall be filed with the Trustee and a copy given to any NIMS
      Insurer.

     

    (d)  Any
      separate trustee, co-trustee or custodian may, at any time, constitute the
      Trustee its agent or attorney-in-fact with full power and authority, to the
      extent not prohibited by law, to do any lawful act under or in respect of this
      Agreement on its behalf and in its name. If any separate trustee, co-trustee
      or
      custodian shall die, become incapable of acting, resign or be removed, all
      of
      its estates, properties, rights, remedies and trusts shall vest in and be
      exercised by the Trustee, to the extent permitted by law, without the
      appointment of a new or successor trustee.

     

    (e)  No
      separate trustee, co-trustee or custodian hereunder shall be required to meet
      the terms of eligibility as a successor trustee under Section 6.05 hereunder
      and
      no notice to Certificateholders of the appointment shall be required under
      Section 6.07 hereof.

     

    (f)  The
      Trustee agrees to instruct the co-trustees, if any, to the extent necessary
      to
      fulfill the Trustee’s obligations hereunder.

     

    (g)  The
      Trust
      Fund shall pay the reasonable compensation of the co-trustees to the extent,
      and
      in accordance with the standards, specified in Section 6.12 hereof (which
      compensation shall not reduce any compensation payable to the Trustee under
      such
      Section).

     

    (h)  Notwithstanding
      the foregoing, for so long as reports are required to be filed with the
      Commission under the Exchange Act with respect to the Trust, the Trustee shall
      not utilize any Subcontractor for the performance of its duties hereunder if
      such Subcontractor would be “participating in the servicing function” within the
      meaning of Item 1122 of Regulation AB without (a) giving notice to the Seller,
      the Master Servicer and the Depositor and (b) requiring any such Subcontractor
      to provide to the Trustee an assessment report as provided in Section 9.25(a)
      and an attestation report as provided in Section 9.25(b), which reports the
      Trustee shall include in its assessment and attestation reports, and to the
      extent such subcontractor is acting in a trust capacity, the information (as
      though such subcontractor was the Trustee) pursuant to Section 6.01(m) and
      6.20(e)(iv) for delivery by the Trustee thereunder,. The Trustee shall indemnify
      the Depositor, the Master Servicer and any director, officer, employee or agent
      of each of the Depositor and the Master Servicer, and hold them harmless against
      any and all claims, losses, damages, penalties, fines, forfeitures, reasonable
      and necessary legal fees and related costs, judgments, and any other costs,
      fees
      and expenses that any of them may sustain arising out of or based on the failure
      by the Trustee (i) to give notice of the engagement of any Subcontractor or
      (ii)
      to require any Subcontractor to provide the Trustee or fail to provide to the
      master Servicer and the Depositor the information, when and as required,
      pursuant to this section 6.09(h). This indemnity shall survive the termination
      of this Agreement or the earlier resignation or removal of the
      Trustee.

     

    
      
        
        

      

      
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    Section
      6.10.  Authenticating
      Agents.

     

    (a)  The
      Trustee may appoint one or more Authenticating Agents which shall be authorized
      to act on behalf of the Trustee in authenticating Certificates. The Trustee
      hereby appoints the Trustee to act as the initial Authenticating Agent, and
      the
      Trustee hereby accepts such appointment. Notwithstanding anything to the
      contrary provided herein, wherever reference is made in this Agreement to the
      authentication of Certificates by the Trustee or the Trustee’s certificate of
      authentication, such reference shall be deemed to include authentication on
      behalf of the Trustee by an Authenticating Agent and a certificate of
      authentication executed on behalf of the Trustee by an Authenticating Agent.
      Each Authenticating Agent must be a corporation organized and doing business
      under the laws of the United States of America or of any state, having a
      combined capital and surplus of at least $15,000,000, authorized under such
      laws
      to do a trust business and subject to supervision or examination by federal
      or
      state authorities and acceptable to any NIMS Insurer, such consent shall not
      be
      unreasonably withheld.

     

    (b)  Any
      Person into which any Authenticating Agent may be merged or converted or with
      which it may be consolidated, or any Person resulting from any merger,
      conversion or consolidation to which any Authenticating Agent shall be a party,
      or any Person succeeding to the corporate agency business of any Authenticating
      Agent, shall continue to be the Authenticating Agent without the execution
      or
      filing of any paper or any further act on the part of the Trustee or the
      Authenticating Agent.

     

    (c)  (c)    
      Any
      Authenticating Agent may at any time resign by giving at least 30 days’ advance
      written notice of resignation to the Trustee, any NIMS Insurer and the
      Depositor. The Trustee may at any time terminate the agency of any
      Authenticating Agent by giving written notice of termination to such
      Authenticating Agent, any NIMS Insurer and the Depositor. Upon receiving a
      notice of resignation or upon such a termination, or in case at any time any
      Authenticating Agent shall cease to be eligible in accordance with the
      provisions of this Section 6.10, the Trustee may appoint a successor
      Authenticating Agent, shall give written notice of such appointment to the
      Depositor and any NIMS Insurer and shall mail notice of such appointment to
      all
      Holders of Certificates. Any successor Authenticating Agent upon acceptance
      of
      its appointment hereunder shall become vested with all the rights, powers,
      duties and responsibilities of its predecessor hereunder, with like effect
      as if
      originally named as Authenticating Agent. No successor Authenticating Agent
      shall be appointed unless eligible under the provisions of this Section 6.10.
      No
      Authenticating Agent shall have responsibility or liability for any action
      taken
      by it as such at the direction of the Trustee, provided that such action was
      undertaken without negligence or willful misconduct. Any Authenticating Agent
      shall be entitled to reasonable compensation for its services and, if paid
      by
      the Trustee, it shall be a reimbursable expense pursuant to Section
      6.12.

     

    
      
        
        

      

      
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    Section
      6.11.  Indemnification
      of Trustee.

     

    The
      Trustee and its respective directors, officers, employees and agents shall
      be
      entitled to indemnification from the Trust Fund for any loss, liability or
      expense incurred in connection with any legal proceeding or incurred without
      negligence or willful misconduct on their part, (it being understood that the
      negligence or willful misconduct of any Custodian shall not constitute
      negligence or willful misconduct on the part of the Trustee or its directors,
      officers, employees or agents for such purpose), arising out of, or in
      connection with, the acceptance or administration of the trusts created
      hereunder or in connection with the performance of their duties hereunder or
      under the Certificates, the Mortgage Loan Sale Agreement, the Interest Rate
      Cap
      Agreement, the Swap Agreement, any Custodial Agreement or any Servicing
      Agreement, including any applicable fees and expenses payable pursuant to
      Section 6.12 and the costs and expenses of defending themselves against any
      claim in connection with the exercise or performance of any of their powers
      or
      duties hereunder, provided that:

     

    (a)  with
      respect to any such claim, the Trustee shall have given the Depositor, the
      Master Servicer and the Holders written notice thereof promptly after a
      Responsible Officer of the Trustee shall have knowledge thereof; provided that
      failure to so notify shall not relieve the Trust Fund of the obligation to
      indemnify the Trustee, however, any reasonable delay by the Trustee to provide
      written notice to the Depositor, the Master Servicer and the Holders promptly
      after the Trustee shall have obtained knowledge of a claim shall not relieve
      the
      Trust Fund of the obligation to indemnify the Trustee under this Section
      6.11;

     

    (b)  while
      maintaining control over its own defense, the Trustee shall cooperate and
      consult fully with the Depositor in preparing such defense; 

     

    (c)  notwithstanding
      anything to the contrary in this Section 6.11, the Trust Fund shall not be
      liable for settlement of any such claim by the Trustee entered into without
      the
      prior consent of the Depositor, which consent shall not be unreasonably
      withheld; and

     

    (d)  any
      such
      loss, liability or expense identified by the Trust Fund must constitute an
      “unanticipated expense” within the meaning of Treasury Regulations Section
      1.860G-1(b)(3)(ii).

     

    The
      provisions of this Section 6.11 shall survive any termination of this Agreement
      and the resignation or removal of the Trustee and shall be construed to include,
      but not be limited to any loss, liability or expense under any environmental
      law.

     

    Section
      6.12.  Fees
      and Expenses of Trustee and Custodian.

     

    The
      Trustee shall be entitled to (a) receive, and is authorized to pay itself,
      the
      amount of income or gain earned from investment of funds in the Certificate
      Account and (b) reimbursement of all reasonable expenses, disbursements and
      advances incurred or made by the Trustee in accordance with this Agreement
      (including fees and expenses of its counsel and all persons not regularly in
      its
      employment and any amounts described in Section 10.01 to which the Trustee
      is
      entitled as provided therein), except any such expenses, disbursements and
      advances that either (i) arise from its negligence, bad faith or willful
      misconduct or (ii) do not constitute “unanticipated expenses” within the meaning
      of Treasury Regulations Section 1.860G-1(b)(3)(ii). Each Custodian shall receive
      compensation and reimbursement or payment of its expenses under the Custodial
      Agreement as provided therein; provided that, to the extent required under
      Section 6, Section 7 or Section 20 of the Custodial Agreement, the Trustee
      is
      hereby authorized to pay such compensation or reimbursement from amounts on
      deposit in the Certificate Account prior to any distributions to
      Certificateholders pursuant to Section 5.02 hereof.

     

    
      
        
        

      

      
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    Section
      6.13.  Collection
      of Monies.

     

    Except
      as
      otherwise expressly provided in this Agreement, the Trustee may demand payment
      or delivery of, and shall receive and collect, all money and other property
      payable to or receivable by it pursuant to this Agreement. The Trustee shall
      hold all such money and property received by it as part of the Trust Fund and
      shall distribute it as provided in this Agreement. If the Trustee shall not
      have
      timely received amounts to be remitted with respect to the Mortgage Loans from
      the Master Servicer, the Trustee shall request the Master Servicer to make
      such
      distribution as promptly as practicable or legally permitted. If the Trustee
      shall subsequently receive any such amount, it may withdraw such
      request.

     

    Section
      6.14.  Events
      of Default; Trustee To Act; Appointment of Successor.

     

    (a)  The
      occurrence of any one or more of the following events shall constitute an “Event
      of Default”:

     

    (i)  Any
      failure by the Master Servicer to furnish to the Trustee the Mortgage Loan
      data
      sufficient to prepare the reports described in Section 4.03(a) which continues
      unremedied for a period of two (2) Business Days after the date upon which
      written notice of such failure shall have been given to such Master Servicer
      by
      the Trustee or to such Master Servicer and the Trustee by any NIMS Insurer
      or
      Holders of not less than 25% of the Class Principal Amount (or Class Notional
      Amount) of each Class of Certificates affected thereby; or

     

    (ii)  Any
      failure by the Master Servicer to duly perform, within the required time period
      and without notice, its obligations to provide any certifications required
      pursuant to Sections 9.25 or 9.26; or

     

    (iii)  Except
      with respect to those items listed in clause (ii) above, any failure by the
      Master Servicer to duly perform, within the required time period, without notice
      or grace period, its obligations to provide any information, data or materials
      required to be provided hereunder pursuant to Sections 9.23 and 9.29(b),
      including any items required to be included in any Exchange Act report;
      or

     

    (iv)  Any
      failure on the part of the Master Servicer duly to observe or perform in any
      material respect any other of the covenants or agreements on the part of such
      Master Servicer contained in this Agreement which continues unremedied for
      a
      period of 30 days (or 15 days, in the case of a failure to maintain any
      Insurance Policy required to be maintained pursuant to this Agreement, or 10
      days, in the case of a failure to comply with the requirements of Sections
      9.03)
      after the date on which written notice of such failure, requiring the same
      to be
      remedied, shall have been given to such Master Servicer by the Trustee or to
      such Master Servicer and the Trustee by any NIMS Insurer or the Holders of
      not
      less than 25% of the Class Principal Amount (or Class Notional Amount) of each
      Class of Certificates affected thereby or by any NIMS Insurer; or

     

    
      
        
        

      

      
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    (v)  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,
      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 Master Servicer, and such decree or order shall have
      remained in force undischarged or unstayed for a period of 60 days or any Rating
      Agency reduces or withdraws or threatens to reduce or withdraw the rating of
      the
      Certificates because of the financial condition or loan servicing capability
      of
      such Master Servicer; or

     

    (vi)  The
      Master Servicer shall consent to the appointment of a conservator or receiver
      or
      liquidator in any insolvency, readjustment of debt, marshalling of assets and
      liabilities, voluntary liquidation or similar proceedings of or relating to
      such
      Master Servicer or of or relating to all or substantially all of its property;
      or

     

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

     

    (viii)  
      The
      Master Servicer shall be dissolved, or shall dispose of all or substantially
      all
      of its assets, or consolidate with or merge into another entity or shall permit
      another entity to consolidate or merge into it, such that the resulting entity
      does not meet the criteria for a successor servicer as specified in Section
      9.27
      hereof; or

     

    (ix)  If
      a
      representation or warranty set forth in Section 9.14 hereof shall prove to
      be
      incorrect as of the time made in any respect that materially and adversely
      affects the interests of the Certificateholders, and the circumstance or
      condition in respect of which such representation or warranty was incorrect
      shall not have been eliminated or cured within 60 days after the date on which
      written notice of such incorrect representation or warranty shall have been
      given to the Master Servicer by the Trustee or to the Master Servicer and the
      Trustee by the Holders of not less than 25% of the Aggregate Certificate
      Principal Amount of each Class of Certificates or by any NIMS Insurer;
      or

     

    (x)  A
      sale or
      pledge of any of the rights of the Master Servicer hereunder or an assignment
      of
      this Agreement by the Master Servicer or a delegation of the rights or duties
      of
      the Master Servicer hereunder shall have occurred in any manner not otherwise
      permitted hereunder and without the prior written consent of the Trustee, any
      NIMS Insurer and Certificateholders holding more than 50% of the Class Principal
      Amount (or Class Notional Amount) of each Class of Certificates; or

     

    
      
        
        

      

      
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    (xi)  The
      Master Servicer has notice or actual knowledge that any Servicer at any time
      is
      not either an FNMA- or FHLMC-approved Seller/Servicer, and the Master Servicer
      has not terminated the rights and obligations of such Servicer under the
      applicable Servicing Agreement and replaced such Servicer with an FNMA- or
      FHLMC-approved servicer within 60 days of the date the Master Servicer receives
      such notice or actual knowledge; or

     

    (xii)  After
      any
      receipt of notice from any NIMS Insurer, any failure of the Master Servicer
      to
      remit to the Trustee any payment required to be made to the Trustee for the
      benefit of Certificateholders under the terms of this Agreement, including
      any
      Advance, on any Deposit Date, which such failure continues unremedied after
      1:00
      p.m. Eastern Standard Time one Business Day after the date upon which notice
      of
      such failure shall have been given to the Master Servicer by the
      Trustee.

     

    If
      an
      Event of Default described in clauses (i) through (xi) of this Section 6.14
      shall occur, then, in each and every case, subject to applicable law, so long
      as
      any such Event of Default shall not have been remedied within any period of
      time
      prescribed by this Section 6.14, the Trustee, by notice in writing to the Master
      Servicer may, and shall, if so directed by Certificateholders evidencing more
      than 50% of the Class Principal Amount (or Class Notional Amount) of each Class
      of Certificates or any NIMS Insurer, terminate all of the rights and obligations
      of the Master Servicer hereunder and in and to the Mortgage Loans and the
      proceeds thereof. If an Event of Default described in clause (xii) of this
      Section 6.14(a) shall occur, then, in each and every case, subject to applicable
      law, so long as such Event of Default shall not have been remedied within the
      time period prescribed by clause (xii) of this Section 6.14(a), the Trustee,
      by
      notice in writing to the Master Servicer and the NIMS Insurer, shall promptly
      terminate all of the rights and obligations of the Master Servicer hereunder
      and
      in and to the Mortgage Loans and the proceeds thereof. On or after the receipt
      by the Master Servicer of such written notice, all authority and power of the
      Master Servicer, and only in its capacity as Master Servicer under this
      Agreement, whether with respect to the Mortgage Loans or otherwise, shall pass
      to and be vested in the Trustee and pursuant to and under the terms of this
      Agreement; provided, however, the parties acknowledge that notwithstanding
      the
      preceding sentence, there may be a transition period, not to exceed 90 days,
      in
      order to effect the transfer of the Master Servicer’s obligations to the
      Trustee, the Trustee is hereby authorized and empowered to execute and deliver,
      on behalf of the defaulting Master Servicer as attorney-in-fact or otherwise,
      any and all documents and other instruments, and to do or accomplish all other
      acts or things necessary or appropriate to effect the purposes of such notice
      of
      termination, whether to complete the transfer and endorsement or assignment
      of
      the Mortgage Loans and related documents or otherwise. The defaulting Master
      Servicer agrees to cooperate with the Trustee in effecting the termination
      of
      the defaulting Master Servicer’s responsibilities and rights hereunder as Master
      Servicer including, without limitation, notifying Servicers of the assignment
      of
      the master servicing function and providing the Trustee or its designee all
      documents and records in electronic or other form reasonably requested by it
      to
      enable the Trustee or its designee to assume the defaulting Master Servicer’s
      functions hereunder and the transfer to the Trustee for administration by it
      of
      all amounts which shall at the time be or should have been deposited by the
      defaulting Master Servicer in the Collection Account maintained by such
      defaulting Master Servicer and any other account or fund maintained with respect
      to the Certificates or thereafter received with respect to the Mortgage Loans.
      The Master Servicer being terminated (or the Trust Fund, if the Master Servicer
      is unable to fulfill its obligations hereunder) as a result of the Event of
      Default shall bear all costs of a master servicing transfer, including but
      not
      limited to those of the Trustee reasonably allocable to specific employees
      and
      overhead, legal fees and expenses, accounting and financial consulting fees
      and
      expenses, and costs of amending the Agreement, if necessary. 

     

    
      
        
        

      

      
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    The
      Trustee shall be entitled to be reimbursed from the Master Servicer (or by
      the
      Trust Fund, if the Master Servicer is unable to fulfill its obligations
      hereunder) for all costs associated with the transfer of servicing from the
      predecessor Master Servicer, including, without limitation, any costs or
      expenses associated with the complete transfer of all servicing data and the
      completion, correction or manipulation of such servicing data as may be required
      by the Trustee to correct any errors or insufficiencies in the servicing data
      or
      otherwise to enable the Trustee to master service the Mortgage Loans properly
      and effectively. If the terminated Master Servicer does not pay such
      reimbursement within thirty (30) days of its receipt of an invoice therefor,
      such reimbursement shall be an expense of the Trust Fund and the Trustee shall
      be entitled to withdraw such reimbursement from amounts on deposit in the
      Certificate Account pursuant to Section 4.04; provided that the terminated
      Master Servicer shall reimburse the Trust Fund for any such expense incurred
      by
      the Trust Fund; and provided, further, that the Trustee shall decide whether
      and
      to what extent it is in the best interest of the Certificateholders to pursue
      any remedy against any party obligated to make such reimbursement.

     

    Notwithstanding
      the termination of its activities as Master Servicer, each terminated Master
      Servicer shall continue to be entitled to reimbursement to the extent provided
      in Section 4.02(i), (ii), (iii), (iv), (v), (vi), (vii) and (x) to the extent
      such reimbursement relates to the period prior to such Master Servicer’s
      termination.

     

    If
      any
      Event of Default shall occur of which a Responsible Officer of the Trustee
      has
      actual knowledge,
      the
      Trustee shall promptly notify any NIMS Insurer, the Swap Counterparty and the
      Rating Agencies of the nature and extent of such Event of Default. The Trustee
      shall immediately give written notice to the Master Servicer upon such Master
      Servicer’s failure to remit funds on the Deposit Date.

     

    (b)  On
      and
      after the time the Master Servicer (and the Trustee, if notice is sent by any
      NIMS Insurer) receives a notice of termination from the Trustee pursuant to
      Section 6.14(a) or the Trustee receives the resignation of the Master Servicer
      evidenced by an Opinion of Counsel pursuant to Section 9.28 and within 90 days
      of such notice, the Trustee, unless another master servicer acceptable to the
      NIMS Insurer, such consent shall not be unreasonably withheld, shall have been
      appointed, shall be the successor in all respects to the Master Servicer in
      its
      capacity as such under this Agreement and the transactions set forth or provided
      for herein and shall have all the rights and powers and be subject to all the
      responsibilities, duties and liabilities relating thereto and arising thereafter
      placed on the Master Servicer hereunder, including the obligation to make
      Advances; provided, however, that any failure to perform such duties or
      responsibilities caused by the Master Servicer’s failure to provide information
      required by this Agreement shall not be considered a default by the Trustee
      hereunder. In addition, the Trustee shall have no responsibility for any act
      or
      omission of the Master Servicer prior to the issuance of any notice of
      termination. The Trustee shall have no liability relating to the representations
      and warranties of the Master Servicer set forth in Section 9.14. In the
      Trustee’s capacity as such successor, the Trustee shall have the same
      limitations on liability herein granted to the Master Servicer. As compensation
      therefor, the Trustee shall be entitled to receive all compensation payable
      to
      the Master Servicer under this Agreement, including the Master Servicing Fee
      and
      the compensation described in Section 9.21. The Trustee shall be entitled to
      be
      reimbursed from the Master Servicer (or by the Trust Fund if the Master Servicer
      is unable to fulfill its obligations hereunder) for all costs associated with
      the transfer of master servicing from the predecessor master servicer,
      including, without limitation, any costs or expenses associated with the
      complete transfer of all master servicing data and the completion, correction
      or
      manipulation of such master servicing data as may be required by the Trustee
      to
      correct any errors or insufficiencies in the master servicing data or otherwise
      to enable the Trustee to master service the Mortgage Loans properly and
      effectively.

     

    
      
        
        

      

      
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    (c)  Notwithstanding
      the above, the Trustee may, if it shall be unwilling to continue to so act
      or if
      any NIMS Insurer so requests in writing to the Trustee, or shall, if it is
      unable to so act, request the Depositor to appoint, petition a court of
      competent jurisdiction to appoint, or appoint on its own behalf any established
      housing and home finance institution servicer, master servicer, servicing or
      mortgage servicing institution acceptable to the NIMS Insurer having a net
      worth
      of not less than $15,000,000 and meeting such other standards for a successor
      master servicer as are set forth in this Agreement, as the successor to such
      Master Servicer in the assumption of all of the responsibilities, duties or
      liabilities of a master servicer, like the Master Servicer. Any entity
      designated by the Trustee as a successor master servicer may be an Affiliate
      of
      the Trustee; provided, however, that, unless such Affiliate meets the net worth
      requirements and other standards set forth herein for a successor master
      servicer, the Trustee in its individual capacity shall agree, at the time of
      such designation, to be and remain liable to the Trust Fund for such Affiliate’s
      actions and omissions in performing its duties hereunder. In connection with
      such appointment and assumption, the Trustee may make such arrangements for
      the
      compensation of such successor out of payments on Mortgage Loans as it and
      such
      successor shall agree; provided, however, that no such compensation shall be
      in
      excess of that permitted to the Master Servicer hereunder. The Trustee and
      such
      successor shall take such actions, consistent with this Agreement, as shall
      be
      necessary to effectuate any such succession and may make other arrangements
      with
      respect to the servicing to be conducted hereunder which are not inconsistent
      herewith. The Master Servicer shall cooperate with the Trustee and any successor
      master servicer in effecting the termination of the Master Servicer’s
      responsibilities and rights hereunder including, without limitation, notifying
      Mortgagors of the assignment of the master servicing functions and providing
      the
      Trustee and successor master servicer, as applicable, all documents and records
      in electronic or other form reasonably requested by it to enable it to assume
      the Master Servicer’s functions hereunder and the transfer to the Trustee or
      such successor master servicer, as applicable, all amounts which shall at the
      time be or should have been deposited by the Master Servicer in the Collection
      Account and any other account or fund maintained with respect to the
      Certificates or thereafter be received with respect to the Mortgage Loans.
      Neither the Trustee, nor any other successor master servicer shall be deemed
      to
      be in default hereunder by reason of any failure to make, or any delay in
      making, any distribution hereunder or any portion thereof caused by (i) the
      failure of the Master Servicer to deliver, or any delay in delivering, cash,
      documents or records to it, (ii) the failure of the Master Servicer to cooperate
      as required by this Agreement, (iii) the failure of the Master Servicer to
      deliver the Mortgage Loan data to the Trustee or such successor master servicer
      as required by this Agreement or (iv) restrictions imposed by any regulatory
      authority having jurisdiction over the Master Servicer.

     

    
      
        
        

      

      
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    Section
      6.15.  Additional
      Remedies of Trustee Upon Event of Default.

     

    During
      the continuance of any Event of Default, so long as such Event of Default shall
      not have been remedied, the Trustee, in addition to the rights specified in
      Section 6.14, shall have the right, in its own name and as trustee of an express
      trust, to take all actions now or hereafter existing at law, in equity or by
      statute to enforce its rights and remedies and to protect the interests, and
      enforce the rights and remedies, of any NIMS Insurer and the Certificateholders
      (including the institution and prosecution of all judicial, administrative
      and
      other proceedings and the filings of proofs of claim and debt in connection
      therewith). Except as otherwise expressly provided in this Agreement, no remedy
      provided for by this Agreement shall be exclusive of any other remedy, and
      each
      and every remedy shall be cumulative and in addition to any other remedy, and
      no
      delay or omission to exercise any right or remedy shall impair any such right
      or
      remedy or shall be deemed to be a waiver of any Event of Default.

     

    Section
      6.16.  Waiver
      of Defaults.

     

    35%
      or
      more of the Aggregate Voting Interests of Certificateholders (with the consent
      of any NIMS Insurer) may waive any default or Event of Default by the Master
      Servicer in the performance of its obligations hereunder, except that a default
      in the making of any required deposit to the Certificate Account that would
      result in a failure of the Trustee to make any required payment of principal
      of
      or interest on the Certificates may only be waived with the consent of 100%
      of
      the affected Certificateholders and with the consent of any NIMS Insurer. Upon
      any such 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 thereon except to the extent
      expressly so waived.

     

    Section
      6.17.  Notification
      to Holders.

     

    Upon
      termination of the Master Servicer or appointment of a successor to the Master
      Servicer, in each case as provided herein, the Trustee shall promptly mail
      notice thereof by first class mail to the Certificateholders at their respective
      addresses appearing on the Certificate Register and to the Swap Counterparty
      and
      any NIMS Insurer. The Trustee shall also, within 45 days after the occurrence
      of
      any Event of Default, of which a Responsible Officer of the Trustee has actual
      knowledge, give written notice thereof to any NIMS Insurer and the
      Certificateholders, unless such Event of Default shall have been cured or waived
      prior to the issuance of such notice and within such 45-day period.

     

    Section
      6.18.  Directions
      by Certificateholders and Duties of Trustee During Event of
      Default.

     

    Subject
      to the provisions of Section 8.01 hereof, during the continuance of any Event
      of
      Default, Holders of Certificates evidencing not less than 25% of the Class
      Principal Amount (or Class Notional Amount) of each Class of Certificates may,
      with the consent of any NIMS Insurer, direct the time, method and place of
      conducting any proceeding for any remedy available to the Trustee, or exercising
      any trust or power conferred upon the Trustee, under this Agreement; provided,
      however, that the Trustee shall be under no obligation to pursue any such
      remedy, or to exercise any of the trusts or powers vested in it by this
      Agreement (including, without limitation, (i) the conducting or defending of
      any
      administrative action or litigation hereunder or in relation hereto and (ii)
      the
      terminating of the Master Servicer or any successor master servicer from its
      rights and duties as master servicer hereunder) at the request, order or
      direction of any of the Certificateholders, or any NIMS Insurer, unless such
      Certificateholders, or any NIMS Insurer, shall have offered to the Trustee
      reasonable security or indemnity against the cost, expenses and liabilities
      which may be incurred therein or thereby; and, provided further, that, subject
      to the provisions of Section 8.01, the Trustee shall have the right to decline
      to follow any such direction if the Trustee, in accordance with an Opinion
      of
      Counsel, determines that the action or proceeding so directed may not lawfully
      be taken or if the Trustee in good faith determines that the action or
      proceeding so directed would involve it in personal liability for which it
      is
      not indemnified to its satisfaction or be unjustly prejudicial to the
      non-assenting Certificateholders.

     

    
      
        
        

      

      
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    Section
      6.19.  Action
      Upon Certain Failures of the Master Servicer and Upon Event of
      Default.

     

    In
      the
      event that a Responsible Officer of the Trustee shall have actual knowledge
      of
      any action or inaction of the Master Servicer that would become an Event of
      Default upon the Master Servicer’s failure to remedy the same after notice, the
      Trustee shall give notice thereof to the Master Servicer and the Swap
      Counterparty. Notwithstanding anything to the contrary provided herein, and
      for
      all purposes of this Agreement, in the absence of actual knowledge by a
      Responsible Officer of the Trustee, the Trustee shall not be deemed to have
      knowledge of any failure of the Master Servicer or any other Event of Default
      unless notified in writing by the Depositor, the Master Servicer or a
      Certificateholder.

     

    Section
      6.20.  Preparation
      of Tax Returns and Other Reports.

     

    (a)  [Reserved].

     

    (b)  [Reserved].

     

    (c)  The
      Depositor shall prepare or cause to be prepared the initial current report
      on
      Form 8-K. Thereafter, the Trustee shall, in accordance with industry standards
      and the rules of the Commission as in effect from time to time (the “Rules”),
      prepare and file with the Commission via the Electronic Data Gathering and
      Retrieval System (“EDGAR”), the reports listed in subsections (d) through (g) of
      this Section 6.20 in respect of the Trust Fund as and to the extent required
      under the Exchange Act.

     

    (d)  Reports
      Filed on Form 10-D.

     

    (i)  Within
      15
      days after each Distribution Date (subject to permitted extensions under the
      Exchange Act reporting requirements), the Trustee shall prepare and file on
      behalf of the Trust Fund any Form 10-D required by the Exchange Act, in form
      and
      substance as required by the Exchange Act. The Trustee shall file each Form
      10-D
      with a copy of the related Distribution Date Statement attached thereto. Any
      disclosure in addition to the Distribution Date Statement that is required
      to be
      included on Form 10-D (“Additional Form 10-D Disclosure”) shall be determined
      and prepared by and at the direction of the Depositor pursuant to the following
      paragraph and the Trustee will have no duty or liability for any failure
      hereunder to determine or prepare any Additional Form 10-D Disclosure, except
      as
      set forth in the next paragraph.

     

    
      
        
        

      

      
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    (ii)  As
      set
      forth on Exhibit P-1 hereto, within five calendar days after the related
      Distribution Date, (A) certain parties to the Structured Adjustable Rate
      Mortgage Loan Trust 2007-3 transaction, as identified on Exhibit P-1, shall
      provide to the Trustee and the Depositor, to the extent known by a Responsible
      Officer thereof, in EDGAR-compatible form (which may be Word or Excel documents
      easily convertible to EDGAR format), or in such other form as otherwise agreed
      upon by the Trustee and such party, the form and substance of any Additional
      Form 10-D Disclosure, if applicable, and include with such Additional Form
      10-D
      Disclosure, an Additional Disclosure Notification in the form attached hereto
      as
      Exhibit P-4, and (B) the Depositor will approve, as to form and substance,
      or
      disapprove, as the case may be, the inclusion of the Additional Form 10-D
      Disclosure on Form 10-D. The Sponsor will be responsible for any reasonable
      fees
      and expenses assessed or incurred by the Trustee in connection with including
      any Additional Form 10-D Disclosure on Form 10-D pursuant to this
      paragraph.

     

    (iii)  After
      preparing the Form 10-D, the Trustee shall forward electronically a draft copy
      of the Form 10-D to the Exchange Act Signing Party for review and approval.
      If
      the Master Servicer is the Exchange Act Signing Party and the Form 10-D includes
      Additional Form 10-D Disclosure, then the Form 10-D shall also be electronically
      distributed to the Depositor for review and approval. No later than two Business
      Days prior to the 15th calendar day after the related Distribution Date, a
      duly
      authorized officer of the Exchange Act Signing Party shall sign the Form 10-D
      and return an electronic or fax copy of such signed Form 10-D (with an original
      executed hard copy to follow by overnight mail) to the Trustee. If a Form 10-D
      cannot be filed on time or if a previously filed Form 10-D needs to be amended,
      the Trustee will follow the procedures set forth in subsection (g)(ii) of this
      Section 6.20. Promptly (but no later than one Business Day) after the deadline
      for filing such report with the Commission, the Trustee will make available
      on
      its internet website a final executed copy of each Form 10-D filed by the
      Trustee. Each party to this Agreement acknowledges that the performance by
      the
      Trustee of its duties under this Section 6.20(d) related to the timely
      preparation and filing of Form 10-D is contingent upon such parties strictly
      observing all applicable deadlines in the performance of their duties under
      this
      Section 6.20(d). The Trustee shall have no liability for any loss, expense,
      damage, claim arising out of or with respect to any failure to properly prepare
      and/or timely file such Form 10-D, where such failure results from the Trustee’s
      inability or failure to obtain or receive, on a timely basis, any information
      from any other party hereto needed to prepare, arrange for execution or file
      such Form 10-D, not resulting from its own negligence, bad faith or willful
      misconduct.

     

    (e)  Reports
      Filed on Form 10-K.

     

    
      
        
        

      

      
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    (i)  Unless
      and until a Form 15 suspension notice shall have been filed, on or prior to
      the
      90th
      calendar
      day after the end of each fiscal year of the Trust Fund or such earlier date
      as
      may be required by the Exchange Act (the “10-K Filing Deadline”) (it being
      understood that the fiscal year for the Trust Fund ends on December
      31st
      of each
      year), commencing in March 2008, the Trustee shall prepare and file on behalf
      of
      the Trust Fund a Form 10-K, in form and substance as required by the Exchange
      Act. Each such Form 10-K shall include the following items, in each case to
      the
      extent they have been delivered to the Trustee within the applicable time frames
      set forth in this Agreement and in the related Servicing Agreements and
      Custodial Agreements, (A) an annual compliance statement for each Servicer,
      each
      Additional Servicer and the Master Servicer, as described under Section 9.26
      hereof and in each Servicing Agreement, (B)(I) the annual reports on assessment
      of compliance with servicing criteria for each Servicer, each Custodian, each
      Additional Servicer, the Master Servicer, each Subservicer, each Subcontractor,
      any Servicing Function Participant and the Trustee (each, a “Reporting
      Servicer”), as described under Section 9.25(a) hereof and in each Servicing
      Agreement and Custodial Agreement, and (II) if any Reporting Servicer’s report
      on assessment of compliance with servicing criteria described under Section
      9.25(a) hereof or in any Servicing Agreement or Custodial Agreement identifies
      any material instance of noncompliance, disclosure identifying such instance
      of
      noncompliance, or if any Reporting Servicer’s report on assessment of compliance
      with servicing criteria described under Section 9.25(a) hereof or in the any
      Servicing Agreement or Custodial Agreement is not included as an exhibit to
      such
      Form 10-K, disclosure that such report is not included and an explanation why
      such report is not included, (C)(I) the registered public accounting firm
      attestation report for each Reporting Servicer, as described under Section
      9.25(b) hereof and in each Servicing Agreement and Custodial Agreement and
      (II)
      if any registered public accounting firm attestation report described under
      Section 9.25(b) hereof or in any Servicing Agreement or Custodial Agreement
      identifies any material instance of noncompliance, disclosure identifying such
      instance of noncompliance, or if any such registered public accounting firm
      attestation report is not included as an exhibit to such Form 10-K, disclosure
      that such report is not included and an explanation why such report is not
      included, and (D) a Sarbanes-Oxley Certification. Any disclosure or information
      in addition to (A) through (D) above that is required to be included on Form
      10-K (“Additional Form 10-K Disclosure”) shall be determined and prepared by and
      at the direction of the Depositor pursuant to the following paragraph and the
      Trustee will have no duty or liability for any failure hereunder to determine
      or
      prepare any Additional Form 10-K Disclosure, except as set forth in the next
      paragraph. 

     

    (ii)  As
      set
      forth on Exhibit P-2 hereto, no later than March 15 of each year that the Trust
      Fund is subject to the Exchange Act reporting requirements, commencing in 2008,
      (A) the parties to the Structured Adjustable Rate Mortgage Loan Trust 2007-3
      transaction (as identified on Exhibit P-2) shall provide to the Trustee and
      the
      Depositor, to the extent known by a Responsible Officer thereof, in
      EDGAR-compatible form (which may be Word or Excel documents easily convertible
      to EDGAR format), or in such other form as otherwise agreed upon by the Trustee
      and such party, the form and substance of any Additional Form 10-K Disclosure,
      if applicable and include with such Additional Form 10-K Disclosure, an
      Additional Disclosure Notification in the form attached hereto as Exhibit P-4,
      and (B) the Depositor will approve, as to form and substance, or disapprove,
      as
      the case may be, the inclusion of the Additional Form 10-K Disclosure on Form
      10-K. The Trustee has no duty under this Agreement to monitor or enforce the
      performance by the parties listed on Exhibit P-2 of their duties under this
      paragraph or proactively solicit or procure from such parties any Form 10-K
      Disclosure Information. The Sponsor will be responsible for any reasonable
      fees
      and expenses assessed or incurred by the Trustee in connection with including
      any Additional Form 10-K Disclosure on Form 10-K pursuant to this paragraph.
      

     

    
      
        
        

      

      
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    (iii)  After
      preparing the Form 10-K, the Trustee shall forward electronically a draft copy
      of the Form 10-K to the Exchange Act Signing Party for review and approval.
      If
      the Master Servicer is the Exchange Act Signing Party and the Form 10-K includes
      Additional Form 10-K Disclosure, then the Form 10-K shall also be electronically
      distributed to the Depositor for review and approval. No later than the close
      of
      business New York City time on the 4th Business Day prior to the 10-K Filing
      Deadline, a senior officer of the Exchange Act Signing Party shall sign the
      Form
      10-K and return an electronic or fax copy of such signed Form 10-K (with an
      original executed hard copy to follow by overnight mail) to the Trustee. If
      a
      Form 10-K cannot be filed on time or if a previously filed Form 10-K needs
      to be
      amended, the Trustee will follow the procedures set forth in subsection (g)(ii)
      of this Section 6.20. Promptly (but no later than one Business Day) after the
      deadline for filing such report with the Commission, the Trustee will make
      available on its internet website a final executed copy of each Form 10-K filed
      by the Trustee. The parties to this Agreement acknowledge that the performance
      by the Trustee of its duties under this Section 6.20(e) related to the timely
      preparation and filing of Form 10-K is contingent upon such parties (and any
      Additional Servicer or Servicing Function Participant) strictly observing all
      applicable deadlines in the performance of their duties under this Section
      6.20(e), Section 9.25(a), Section 9.25(b) and Section 9.26. The Trustee shall
      have no liability for any loss, expense, damage, claim arising out of or with
      respect to any failure to properly prepare and/or timely file such Form 10-K,
      where such failure results from the Trustee’s inability or failure to obtain or
      receive, on a timely basis, any information from any other party hereto needed
      to prepare, arrange for execution or file such Form 10-K, not resulting from
      its
      own negligence, bad faith or willful misconduct.

     

    (iv)  Each
      Form
      10-K shall include the Sarbanes-Oxley Certification. The Trustee, the Paying
      Agent (if other than the Trustee) and, if the Depositor is the Exchange Act
      Signing Party, the Master Servicer, shall, and the Trustee, the Paying Agent
      and
      the Master Servicer (if applicable) shall cause any Servicing Function
      Participant engaged by it to, provide to the Person who signs the Sarbanes-Oxley
      Certification (the “Certifying Person”), by March 15 of each year in which the
      Trust Fund is subject to the reporting requirements of the Exchange Act, a
      certification (each, a “Back-Up Certification”), in the form attached hereto as
      Exhibit Q-1 or, in the case of (x) the Paying Agent (if other than the Trustee),
      such other form as agreed to between the Paying Agent and the Exchange Act
      Signing Party, and (y) the Trustee, the form attached hereto as Exhibit Q-2),
      upon which the Certifying Person, the entity for which the Certifying Person
      acts as an officer, and such entity’s officers, directors and Affiliates
      (collectively with the Certifying Person, “Certification Parties”) can
      reasonably rely. The senior officer of the Exchange Act Signing Party shall
      serve as the Certifying Person on behalf of the Trust Fund. In the event the
      Master Servicer, the Paying Agent, the Trustee or any Servicing Function
      Participant engaged by such parties is terminated or resigns pursuant to the
      terms of this Agreement, such party or Servicing Function Participant shall
      provide a Back-Up Certification to the Certifying Person pursuant to this
      Section 6.20(e)(iv) with respect to the period of time it was subject to this
      Agreement.

     

    
      
        
        

      

      
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    (v)  Each
      person (including their officers or directors) that signs any Form 10-K
      Certification shall be entitled to indemnification from the Trust Fund for
      any
      liability or expense incurred by it in connection with such certification,
      other
      than any liability or expense attributable to such Person’s own bad faith,
      negligence or willful misconduct. The provisions of this subsection shall
      survive any termination of this Agreement and the resignation or removal of
      such
      Person.

     

    (f)  Each
      of
      Form 10-D and Form 10-K requires the registrant to indicate (by checking “yes”
or “no”) that it “(1) has filed all reports required to be filed by Section 13
      or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
      period that the registrant was required to file such reports), and (2) has
      been
      subject to such filing requirements for the past 90 days.” The Depositor shall
      notify the Trustee in writing, no later than the fifth calendar day after the
      related Distribution Date with respect to the filing of a report on Form 10-
      D
      and no later than March 15th with respect to the filing of a report on Form
      10-K, whether the Trustee should indicate “[Yes ____] or [No____]” on Form 10-D
      or Form 10-K, as applicable; provided, that if the Trustee does not receive
      such
      written notification from the Depositor, then the Trustee shall be entitled
      to
      affirmatively conclude that the Depositor (1) has filed all reports required
      to
      be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12
      months (or for such shorter period if applicable), and (2) has been subject
      to
      such filing requirements for the past 90 days. The Trustee shall be entitled
      to
      rely on such written notification or an affirmative indication in the absence
      of
      such notification in timely preparing, executing and/or filing any such report
      in accordance with this Section 6.20(f).

     

    (g)  Reports
      Filed on Form 8-K.

     

    (i)  During
      any year in which the Trust Fund is subject to Exchange Act Reports, within
      four
      Business Days after the occurrence of an event requiring disclosure on Form
      8-K
      (each such event, a “Reportable Event”), or such later date as may be required
      by the Commission, and if requested by the Depositor, the Trustee shall prepare
      and file on behalf of the Trust Fund any Form 8-K, as required by the Exchange
      Act, provided
      that the
      Depositor shall file the initial Form 8-K in connection with the issuance of
      the
      Certificates. Any disclosure or information related to a Reportable Event or
      that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure
      Information”) shall be determined and prepared by and at the direction of the
      Depositor pursuant to the following paragraph and the Trustee will have no
      duty
      or liability for any failure hereunder to determine or prepare any Form 8-K
      Disclosure Information or any Form 8-K, except as set forth in the next
      paragraph. 

     

    
      
        
        

      

      
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    (ii)  As
      set
      forth on Exhibit P-3 hereto, for so long as the Trust Fund is subject to the
      Exchange Act reporting requirements, no later than noon New York City time
      on
      the 2nd Business Day after the occurrence of a Reportable Event (A) the parties
      to the Structured Adjustable Rate Mortgage Loan Trust 2007-3 transaction (as
      identified on Exhibit P-3) shall provide to the Trustee and the Depositor,
      to
      the extent known by a Responsible Officer thereof, in EDGAR-compatible form
      (which may be Word or Excel documents easily convertible to EDGAR format),
      or in
      such other form as otherwise agreed upon by the Trustee and such party, the
      form
      and substance of any Form 8-K Disclosure Information, if applicable, and include
      with such Form 8-K Disclosure Information, an Additional Disclosure Notification
      in the form attached hereto as Exhibit P-4 and (B) the Depositor will approve,
      as to form and substance, or disapprove, as the case may be, the inclusion
      of
      the Form 8-K Disclosure Information. The Trustee has no duty under this
      Agreement to monitor or enforce the performance by the parties listed on Exhibit
      P-3 of their duties under this paragraph or proactively solicit or procure
      from
      such parties any Form 8-K Disclosure Information. The Sponsor will be
      responsible for any reasonable fees and expenses assessed or incurred by the
      Trustee in connection with including any Form 8-K Disclosure Information on
      Form
      8-K pursuant to this paragraph. 

     

    (iii)  After
      preparing the Form 8-K, the Trustee shall forward electronically, no later
      than
      Noon New York city time on the 3rd Business Day after the Reportable Event,
      a
      draft copy of the Form 8-K to the Exchange Act Signing Party for review and
      approval. If the Master Servicer is the Exchange Act Signing Party, then the
      Form 8-K shall also be electronically distributed to the Depositor for review
      and approval. No later than Noon New York City time on the 4th Business Day
      after the Reportable Event, a duly authorized officer of the Exchange Act
      Signing Party shall sign the Form 8-K and return an electronic or fax copy
      of
      such signed Form 8-K (with an original executed hard copy to follow by overnight
      mail) to the Trustee. If a Form 8-K cannot be filed on time or if a previously
      filed Form 8-K needs to be amended, the Trustee will follow the procedures
      set
      forth in subsection (h)(ii) of this Section 6.20. Promptly (but no later than
      one Business Day) after the deadline for filing such form with the Commission,
      the Trustee will make available on its internet website a final executed copy
      of
      each Form 8-K prepared and filed by it pursuant to this Section 6.20(g). The
      parties to this Agreement acknowledge that the performance by the Trustee of
      its
      duties under this Section 6.20(g) related to the timely preparation and filing
      of Form 8-K is contingent upon such parties strictly observing all applicable
      deadlines in the performance of their duties under this Section 6.20(g). The
      Trustee shall have no liability for any loss, expense, damage or claim arising
      out of or with respect to any failure to properly prepare and/or timely file
      such Form 8-K, where such failure results from the Trustee’s inability or
      failure to obtain or receive, on a timely basis, any information from any other
      party hereto needed to prepare, arrange for execution or file such Form 8-K,
      not
      resulting from its own negligence, bad faith or willful misconduct.

     

    
      
        
        

      

      
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    (h)  Delisting;
      Amendments; Late Filings.

     

    (i)  Prior
      to
      January 30 of the first year in which the Trustee is able to do so under
      applicable law, unless otherwise directed by the Depositor, the Trustee shall
      prepare and file a Form 15 relating to the automatic suspension of reporting
      in
      respect of the Trust Fund under the Exchange Act. 

     

    (ii)  In
      the
      event that the Trustee becomes aware that it will be unable to timely file
      with
      the Commission all or any required portion of any Form 8-K, 10-D or 10-K
      required to be filed by this Agreement because required disclosure information
      was either not delivered to it or delivered to it after the delivery deadlines
      set forth in this Agreement or for any other reason, the Trustee will promptly
      notify the Depositor. In the case of Form 10-D and 10-K, the parties to this
      Agreement and each Servicer will cooperate to prepare and file a Form 12b-25
      and
      a 10-D/A and 10-K/A as applicable, pursuant to Rule 12b-25 of the Exchange
      Act.
      In the case of Form 8-K, the Trustee will, upon receipt of all required Form
      8-K
      Disclosure Information and upon the approval and direction of the Depositor,
      include such disclosure information on the next Form 10-D. In the event that
      any
      previously filed Form 8-K, 10-D or 10-K needs to be amended due to a change
      to
      an additional reporting item, the Trustee will notify the Depositor and any
      applicable party and such parties will cooperate to prepare any necessary 8-K/A,
      10-D/A or 10-K/A. Any Form 15, Form 12b-25 or any amendment to Form 8-K, 10-D
      or
      10-K shall be signed by a duly authorized officer or a senior officer of the
      Exchange Act Signing Party, as applicable. The parties to this Agreement
      acknowledge that the performance by the Trustee of its duties under this Section
      6.20(h) related to the timely preparation and filing of Form 15, a Form 12b-25
      or any amendment to Form 8-K, 10-D or 10-K is contingent upon each such party
      performing its duties under this Section. The Trustee shall have no liability
      for any loss, expense, damage, claim arising out of or with respect to any
      failure to properly prepare and/or timely file any such Form 15, Form 12b-25
      or
      any amendments to Forms 8-K, 10-D or 10-K, where such failure results from
      the
      Trustee’s inability or failure to obtain or receive, on a timely basis, any
      information from any other party hereto needed to prepare, arrange for execution
      or file such Form 15, Form 12b-25 or any amendments to Forms 8-K, 10-D or 10-K,
      not resulting from its own negligence, bad faith or willful
      misconduct.

     

    (i)  Any
      party
      that signs any Exchange Act report that the Trustee is required to file shall
      provide to the Trustee prompt notice of the execution of such Exchange Act
      report along with the name and contact information for the person signing such
      report and shall promptly deliver to the Trustee the original executed signature
      page for such report. In addition, each of the parties agrees to provide to
      the
      Trustee such additional information related to such party as the Trustee may
      reasonably request, including evidence of the authorization of the person
      signing any certification or statement, financial information and reports,
      and
      such other information related to such party or its performance hereunder.
      

     

    
      
        
        

      

      
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    (j)  The
      Depositor and the Master Servicer, by mutual agreement, shall determine which
      of
      the Depositor or the Master Servicer shall be the initial Exchange Act Signing
      Party. Upon such determination, the Depositor shall timely notify the Trustee,
      and such notice shall provide contact information for the Exchange Act Signing
      Party. If the Depositor and Master Servicer, at any time, mutually agree to
      change the identity of the Exchange Act Signing Party, the Depositor shall
      provide timely notice to the Trustee of any such change.

     

    (k)  Promptly,
      but no later than one Business day after filing with the Commission, the Trustee
      will make available on its internet website, a final executed copy of each
      periodic report filed on Form 8-K, Form 10-D or other applicable form and each
      annual report on Form 10-K, together in each case with a copy of the acceptance
      confirmation receipt from EDGAR.

     

    Section
      6.21.  Reporting
      Requirements of the Commission.

     

    Each
      of
      the parties hereto acknowledges and agrees that the purpose of Sections 6.01,
      6.20, 9.25 and 9.26 of this Agreement is to facilitate compliance by the
      Sponsor, the Master Servicer, the Trustee and the Depositor with the provisions
      of Regulation AB, as such may be amended or clarified from time to time.
      Therefore, each of the parties agrees that (a) the obligations of the parties
      hereunder shall be interpreted in such a manner as to accomplish compliance
      with
      Regulation AB, (b) the parties’ obligations hereunder will be supplemented and
      modified as necessary to be consistent with any such amendments, interpretive
      advice or guidance, convention or consensus among active participants in the
      asset-backed securities markets, advice of counsel, or otherwise in respect
      of
      the requirements of Regulation AB and (c) the parties shall comply with
      reasonable requests made by the Sponsor, the Master Servicer, the Trustee or
      the
      Depositor for delivery of additional or different information as the Sponsor,
      the Master Servicer, the Trustee or the Depositor may determine in good faith
      is
      necessary to comply with the provisions of Regulation AB, provided that such
      information is available without unreasonable effort or expense and within
      such
      timeframe as may be reasonably requested.

     

    Section
      6.22.  No
      Merger. 

     

    The
      Trustee shall not cause or otherwise knowingly permit the assets of the Trust
      Fund to be merged or consolidated with any other entity, except as a result
      of a
      final judicial determination.

     

    Section
      6.23.  Indemnification
      by the Trustee. 

     

    The
      Trustee (including in its capacity as Paying Agent) agrees to indemnify the
      Depositor and the Master Servicer, and each of their respective directors,
      officers, employees and agents and the Trust Fund and hold each of them harmless
      from and against any losses, damages, penalties, fines, forfeitures, legal
      fees
      and expenses and related costs, judgments, and any other costs, fees and
      expenses that any of them may sustain arising out of or based upon the
      engagement of any Subcontractor in violation of Section 6.01 or any failure
      by
      the Trustee to deliver when and as required, the information pursuant to Section
      6.01(m), the disclosure and certificates applicable to the Trustee pursuant
      to
      Section 6.20 or any assessment of compliance pursuant to Section 9.25(a). This
      indemnification shall survive the termination of this Agreement or the
      termination of the Trustee hereunder.

     

    
      
        
        

      

      
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    ARTICLE
      VII

     

    PURCHASE
      AND TERMINATION

    OF
      THE
      TRUST FUND

     

    Section
      7.01.  Termination
      of Trust Fund Upon Repurchase or Liquidation of All Mortgage
      Loans.

     

    (a)  The
      respective obligations and responsibilities of the Trustee and the Master
      Servicer created hereby (other than the obligation of the Trustee to make
      payments to Certificateholders and the Swap Counterparty as set forth in Section
      7.02, the obligation of the Master Servicer to make a final remittance to the
      Trustee for deposit into the Certificate Account pursuant to Section 4.01 and
      the obligations of the Master Servicer to the Trustee pursuant to Sections
      9.10
      and 9.14), shall terminate on the earlier of (i) the final payment or other
      liquidation of the last Mortgage Loan remaining in the Trust Fund and the
      disposition of all REO Property and (ii) the sale of all remaining property
      held
      by the Trust Fund in accordance with Section 7.01(b); provided, however, that
      in
      no event shall the Trust Fund created hereby continue beyond the expiration
      of
      21 years from the death of the last survivor of the descendants of Joseph P.
      Kennedy, the late Ambassador of the United States to the Court of St. James’s,
      living on the date hereof. Any termination of the Trust Fund shall be carried
      out in such a manner so that the termination of each REMIC included therein
      shall qualify as a “qualified liquidation” under the REMIC
      Provisions.

     

    (b)  On
      any
      Distribution Date occurring after the date on which (x) the total Scheduled
      Principal Balance of the Mortgage Loans in Pool 1 is less than 10% of the
      Scheduled Principal Balance of the Mortgage Loans in Pool 1 as of the Cut-off
      Date, (y) the aggregate total Scheduled Principal Balance of the Mortgage Loans
      in Pool 2 and Pool 3 is less than 10% of the aggregate Scheduled Principal
      Balance of the Mortgage Loans in Pool 2 and Pool 3 as of the Cut-off Date or
      (z)
      the total Scheduled Principal Balance of the Mortgage Loans in Pool 4 is less
      than 10% of the Scheduled Principal Balance of the Mortgage Loans in Pool 4
      as
      of the Cut-off Date, the Master Servicer, with the prior written consent of
      any
      NIMS Insurer and the Seller (which consent will not be unreasonably withheld),
      may, upon written direction to the Trustee, cause the Trustee to sell (or
      arrange for the sale of) the assets of (x) Pool 1, (y) Pool 2 and Pool 3 or
      (z)
      Pool 4, as applicable, and thereby effect the retirement of the related
      Certificates. Upon the repurchase of such Mortgage Loans, the Master Servicer
      shall, upon written direction to the Trustee, cause each of the SWAP REMIC,
      REMIC I-1, REMIC I-2 and REMIC I-3 (in the case of a sale of the assets
      described in clause (x) above), REMIC II-1, REMIC II-2 and REMIC II-3 (in the
      case of a sale of the assets described in clause (y) above) or REMIC III-1
      and
      REMIC III-2 (in the case of a sale of the assets described in clause (z) above)
      to adopt a plan of complete liquidation pursuant to Section 7.03 hereof to
      sell
      all of its property. The property of the applicable Pool or Pools shall be
      sold
      at a price (the “Repurchase Price”) equal to: (i) 100% of the unpaid principal
      balance of each Mortgage Loan in such Pool on the day of such purchase plus
      interest accrued thereon at the applicable Mortgage Rate with respect to any
      such Mortgage Loan to the Due Date in the Due Period immediately preceding
      such
      Distribution Date, (ii) the fair market value of any applicable REO Property
      and
      any other applicable property (reduced, in the case of REO Property, by (x)
      reasonably anticipated disposition costs and (y) any amount by which the fair
      market value as so reduced exceeds the outstanding principal balance of the
      related Mortgage Loan), such fair market 

    
      
        
        

      

      
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    value
      to
      be determined by an appraiser or appraisers appointed by the Master Servicer
      with the consent of the Trustee and any NIMS Insurer, (iii) any unreimbursed
      Servicing Advances with respect to each applicable Mortgage Loan and (iv) any
      Swap Termination Payment payable to the Swap Counterparty as a result of a
      termination pursuant to Section 7.01; provided, however, if there are any NIM
      Securities outstanding, the Master Servicer may only exercise its option after
      receiving the prior written consent of the holders of such NIM Securities and,
      if such consent is given, the Purchase Price shall also include an amount equal
      to the sum of (1) any accrued interest on the NIM Securities related to the
      Mortgage Loans, (2) the unpaid principal balance of any such NIM Securities
      and
      (3) any other reimbursable expenses owed by the issuer of the NIM Securities
      (the “NIM Redemption Amount”). If the Master Servicer fails to exercise such
      right, the NIMS Insurer will have the option to direct the Master Servicer
      to
      exercise such option so long as it is insuring the NIMS Securities or it is
      owed
      any amounts in connection with its guaranty of the NIM Securities. Following
      receipt of such notice from the NIMS Insurer, the Master Servicer shall advise
      the NIMS Insurer whether it will exercise the option under this Section 7.01(b)
      for its own account and using its own funds, or whether it will exercise such
      option in its own name but for the NIMS Insurer's account and utilizing the
      NIMS
      Insurer's funds. If the Master Servicer exercises such option for the NIMS
      Insurer's account, the NIMS Insurer will remit the Purchase Price to the Master
      Servicer one Business Day prior to the day the Master Servicer is required
      to
      remit the Purchase Price to the Trustee. Following its receipt from the NIMS
      Insurer of the entire Purchase Price and its subsequent remittance to the
      Trustee of the entire Purchase Price, the Master Servicer will convey to the
      NIMS Insurer all of the rights it receives from the Trustee with respect to
      the
      related Mortgage Loans as a result of such remittance. The Master Servicer
      and
      each Servicer (or the Trustee, if applicable) shall be reimbursed from the
      Repurchase Price for any Mortgage Loan or related REO Property for any Advances
      or Servicing Advances made with respect to the Mortgage Loans that are
      reimbursable to the Master Servicer under this Agreement or to each Servicer
      under the related Servicing Agreement (or to the Trustee hereunder), together
      with any accrued and unpaid compensation and any other amounts due to the Master
      Servicer and the Trustee hereunder or the Custodians or the Servicers under
      their respective Custodial or Servicing Agreements, provided that any such
      compensation or other amount to be paid to the Custodians and any such other
      amounts to be paid to the Servicers are “unanticipated expenses” within the
      meaning of Treasury Regulation Section 1.860G-1(b)(3)(ii). The Trustee shall
      distribute the assets of the applicable Pool or Pools on the Distribution Date
      on which the repurchase occurred. If the NIMS Insurer directs the Master
      Servicer to exercise such right as described above, then (i) the Master Servicer
      shall cause each related REMIC to adopt a plan of complete liquidation as
      described above and (ii) the NIMS Insurer shall remit the Purchase Price in
      immediately available funds to the Master Servicer at least three Business
      Days
      prior to the applicable Distribution Date and, upon receipt of such funds from
      the NIMS Insurer, the Master Servicer shall promptly deposit such funds in
      the
      Collection Account. The NIMS Insurer shall be obligated to reimburse the Master
      Servicer and the Trustee for their reasonable out-of-pocket expenses incurred
      in
      connection with the purchase of the Mortgage Loans and REO Property related
      to
      the Mortgage Pool at the direction of the NIMS Insurer and shall indemnify
      and
      hold harmless the Master Servicer and the Trustee for any losses, liabilities
      or
      expenses resulting from any claims directly resulting from or relating to the
      Master Servicer’s or Trustee’s sale or purchase of the Pool Assets at the
      direction of the NIMS Insurer, except to the extent such losses, liabilities
      or
      expenses arise out of or result from the Master Servicer’s or Trustee’s, as the
      case may be, negligence, bad faith or willful misconduct. Notwithstanding
      anything herein to the contrary, only an amount not to exceed to the Purchase
      Price, reduced by the portion thereof consisting of any Swap Termination Payment
      (such portion, the “Swap Optional Termination Payment”), shall be made available
      for distribution to the Certificates. The Swap Optional Termination Payment
      shall be withdrawn by the Trustee from the Collection Account and remitted
      to
      the Supplemental Interest Trust for payment to the Swap Counterparty. The Swap
      Optional Termination Payment shall not be part of any REMIC and shall not be
      paid into any account which is part of any REMIC. For purposes of the REMIC
      Provisions, any NIM Redemption Amount shall not be treated as having been paid
      into any REMIC.

     

    
      
        
        

      

      
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    Section
      7.02.  Procedure
      Upon Termination of Trust Fund.

     

    (a)  Notice
      of
      any termination of the Trust Fund (or the retirement of the Certificates related
      to Group I, Group II or Group III, as applicable) pursuant to the provisions
      of
      Section 7.01, specifying the Distribution Date upon which the final distribution
      shall be made, shall be given promptly by the Trustee by first class mail to
      the
      applicable Certificateholders and any NIMS Insurer mailed (x) no later than
      five
      Business Days after the Trustee has received notice from the Master Servicer
      of
      its intent to exercise its right to cause the termination of the Trust Fund
      pursuant to Section 7.01(b) (or the retirement of the Certificates related
      to
      Group I, Group II or Group III, as applicable, to the extent the other such
      Group of Certificates are not terminated pursuant to such Section 7.01(b))
      or
      (y) upon the final payment or other liquidation of the last Mortgage Loan or
      REO
      Property in the Trust Fund. Such notice shall specify (A) the Distribution
      Date
      upon which final distribution on the Certificates of all amounts required to
      be
      distributed to Certificateholders pursuant to Section 5.02 will be made upon
      presentation and surrender of the Certificates at the Corporate Trust Office,
      and (B) that the Record Date otherwise applicable to such Distribution Date
      is
      not applicable, distribution being made only upon presentation and surrender
      of
      the Certificates at the office or agency of the Trustee therein specified.
      The
      Trustee shall give such notice to the Master Servicer, the Depositor, the Swap
      Counterparty and the Certificate Registrar at the time such notice is given
      to
      Holders of the Certificates. The Master Servicer shall give notice to the Swap
      Counterparty on the date the Master Servicer elects its option pursuant to
      Section 7.01(b). Upon any such termination of the entire Trust Fund, the duties
      of the Certificate Registrar with respect to the applicable Certificates shall
      terminate and the Trustee shall terminate, or request the Master Servicer to
      terminate, the Collection Account it maintains, and the Trustee shall terminate
      the Certificate Account and any other account or fund maintained with respect
      to
      the related Certificates, subject to the Trustee’s obligation hereunder to hold
      all amounts payable to Certificateholders in trust without interest pending
      such
      payment.

     

    (b)  In
      the
      event that all of the Holders do not surrender their Certificates for
      cancellation within three months after the time specified in the above-mentioned
      written notice, the Trustee shall give a second written notice to the remaining
      Certificateholders to surrender their Certificates for cancellation and receive
      the final distribution with respect thereto. If within one year after the second
      notice any Certificates shall not have been surrendered for cancellation, the
      Trustee may take appropriate steps to contact the remaining Certificateholders
      concerning surrender of such Certificates, and the cost thereof shall be paid
      out of the amounts distributable to such Holders. If within two years after
      the
      second notice any Certificates shall not have been surrendered for cancellation,
      the Trustee shall, subject to applicable state law relating to escheatment,
      hold
      all amounts distributable to such Holders for the benefit of such Holders.
      No
      interest shall accrue on any amount held by the Trustee and not distributed
      to a
      Certificateholder due to such Certificateholder’s failure to surrender its
      Certificate(s) for payment of the final distribution thereon in accordance
      with
      this Section.

     

    
      
        
        

      

      
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    (c)  Any
      reasonable expenses incurred by the Trustee in connection with any termination
      or liquidation of the Trust Fund (or a Group thereof) shall be paid from
      proceeds received from the liquidation of the Trust Fund, but only to the extent
      that such expenses constitute “unanticipated expenses” within the meaning of
      Treasury Regulations Section 1.860G-1(b)(3)(ii).

     

    Section
      7.03.  Additional
      Requirements under the REMIC Provisions.

     

    (a)  Any
      sale
      pursuant to Section 7.01(b) shall be effected in accordance with the following
      additional requirements, unless the Trustee seeks (at the request of the party
      exercising the option to repurchase all of the Mortgage Loans, pursuant to
      Section 7.01(b)), and subsequently receives, an Opinion of Counsel (at the
      expense of such requesting party), addressed to the Trustee and any NIMS Insurer
      to the effect that the failure of the Trust Fund to comply with the requirements
      of this Section 7.03 will not (i) result in the imposition of taxes on any
      REMIC
      under the REMIC Provisions or (ii) cause any REMIC established hereunder to
      fail
      to qualify as a REMIC at any time that any Certificates are
      outstanding:

     

    (i)  On
      the
      date specified for final payment of the Certificates, the Trustee shall make
      final distributions of principal and interest on the Certificates and shall
      pay
      any Swap Termination Payment owed to the Swap Counterparty on the related Swap
      Payment Date (to the extent not paid on previous Swap Payment Dates) in
      accordance with Section 5.02 and, after payment of, or provision for any
      outstanding expenses, distribute or credit, or cause to be distributed or
      credited, to the Holders of the Residual Certificates all cash on hand after
      such final payment (other than cash retained to meet claims), and the Trust
      Fund
      (and each related REMIC) shall terminate at that time; 

     

    (ii)  in
      the
      case of a sale of the assets of Pool 1:

     

    (A)  The
      Trustee shall sell all of the assets of Pool 1 for cash and, within 90 days
      of
      such sale, shall distribute the proceeds of such sale to the Group I
      Certificateholders in complete liquidation of the SWAP REMIC, REMIC I-1, REMIC
      I-2 and REMIC I-3; and

     

    (B)  The
      Trustee shall attach a statement to the final Federal income tax return for
      each
      of the SWAP REMIC, REMIC I-1, REMIC I-2 and REMIC I-3 stating that pursuant
      to
      Treasury Regulation § 1.860F-1, the first day of the 90-day liquidation period
      for each such REMIC was the date on which the Trustee sold such assets;
      and

     

    (iii)  in
      the
      case of a sale of the assets of Pool 2 and Pool 3:

     

    (A)  The
      Trustee shall sell all of the assets of Pool 2 and Pool 3 for cash and, within
      90 days of such sale, shall distribute the proceeds of such sale to the Group
      II
      Certificateholders in complete liquidation of REMIC II-1, REMIC II-2 and REMIC
      II-3; and

     

    
      
        
        

      

      
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    (B)  The
      Trustee shall attach a statement to the final Federal income tax return for
      REMIC II-1, REMIC II-2 and REMIC II-3 stating that pursuant to Treasury
      Regulation § 1.860F-1, the first day of the 90-day liquidation period for each
      such REMIC was the date on which the Trustee sold such assets.

     

    (iv)  in
      the
      case of a sale of the assets of Pool 4:

     

    (A)  The
      Trustee shall sell all of the assets of Pool 4 for cash and, within 90 days
      of
      such sale, shall distribute the proceeds of such sale to the Group III
      Certificateholders in complete liquidation of REMIC III-1 and REMIC III-2;
      and

     

    (B)  The
      Trustee shall attach a statement to the final Federal income tax return for
      REMIC III-1 and REMIC III-2 stating that pursuant to Treasury Regulation §
1.860F-1, the first day of the 90-day liquidation period for each such REMIC
      was
      the date on which the Trustee sold such assets.

     

    (b)  By
      its
      acceptance of a Residual Certificate, each Holder thereof hereby (i) authorizes
      the Trustee to take the action described in paragraph (a) above and (ii) agrees
      to take such other action as may be necessary to facilitate liquidation of
      any
      REMIC created under this Agreement, which authorization shall be binding upon
      all successor Residual Certificateholders.

     

    Section
      7.04.  Optional
      Purchase Right of NIMS Insurer.

     

    The
      NIMS
      Insurer may purchase any Distressed Mortgage Loan for a purchase price equal
      to
      the outstanding principal balance of such Mortgage Loan, plus accrued interest
      thereon to the date of repurchase plus any unreimbursed Advances, Servicing
      Advances, Servicing Fees, General Servicing Fees or Trustee Fees and any
      unreimbursed expenses of the Trustee allocable to such Distressed Mortgage
      Loan.
      Any such purchase shall be accomplished by the NIM Insurer’s remittance of the
      purchase price for the Distressed Mortgage Loan to the Master Servicer for
      deposit into the Collection Account.

     

    ARTICLE
      VIII

     

    RIGHTS
      OF
      CERTIFICATEHOLDERS

     

    Section
      8.01.  Limitation
      on Rights of Holders.

     

    (a)  The
      death
      or incapacity of any Certificateholder shall not operate to terminate this
      Agreement or this Trust Fund, nor entitle such Certificateholder’s legal
      representatives or heirs to claim an accounting or take any action or proceeding
      in any court for a partition or winding up of this Trust Fund, nor otherwise
      affect the rights, obligations and liabilities of the parties hereto or any
      of
      them. Except as otherwise expressly provided herein, no Certificateholder,
      solely by virtue of its status as a Certificateholder, shall have any right
      to
      vote or in any manner otherwise control the Master Servicer or the operation
      and
      management of the Trust Fund, or the obligations of the parties hereto, nor
      shall anything herein set forth, or contained in the terms of the Certificates,
      be construed so as to constitute the Certificateholders from time to time as
      partners or members of an association, nor shall any Certificateholder be under
      any liability to any third person by reason of any action taken by the parties
      to this Agreement pursuant to any provision hereof.

     

    
      
        
        

      

      
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    (b)  No
      Certificateholder, solely by virtue of its status as Certificateholder, shall
      have any right by virtue or by availing of any provision of this Agreement
      to
      institute any suit, action or proceeding in equity or at law upon or under
      or
      with respect to this Agreement, unless such Holder previously shall have given
      to the Trustee a written notice of an Event of Default and of the continuance
      thereof, as hereinbefore provided, and unless also the Holders of Certificates
      evidencing not less than 25% of the Class Principal Amount (or Class Notional
      Amount or Percentage Interest) of Certificates of each Class affected thereby
      shall have made written request upon the Trustee to institute such action,
      suit
      or proceeding in its own name as Trustee hereunder and shall have offered to
      the
      Trustee such reasonable indemnity as it may require against the cost, expenses
      and liabilities to be incurred therein or thereby, and the Trustee, for sixty
      days after its receipt of such notice, request and offer of indemnity, shall
      have neglected or refused to institute any such action, suit or proceeding
      and
      no direction inconsistent with such written request has been given such Trustee
      during such sixty-day period by such Certificateholders; it being understood
      and
      intended, and being expressly covenanted by each Certificateholder with every
      other Certificateholder and the Trustee, that no one or more Holders of
      Certificates shall have any right in any manner whatever by virtue or by
      availing of any provision of this Agreement to affect, disturb or prejudice
      the
      rights of the Holders of any other of such Certificates, or to obtain or seek
      to
      obtain priority over or preference to any other such Holder, or to enforce
      any
      right under this Agreement, except in the manner herein provided and for the
      benefit of all Certificateholders. For the protection and enforcement of the
      provisions of this Section, each and every Certificateholder and the Trustee
      shall be entitled to such relief as can be given either at law or in
      equity.

     

    Section
      8.02.  Access
      to List of Holders.

     

    (a)  If
      the
      Trustee is not acting as Certificate Registrar, the Certificate Registrar will
      furnish or cause to be furnished to the Trustee, within fifteen days after
      receipt by the Certificate Registrar of a request by the Trustee in writing,
      a
      list, in such form as the Trustee may reasonably require, of the names and
      addresses of the Certificateholders of each Class as of the most recent Record
      Date.

     

    (b)  If
      three
      or more Holders or Certificate Owners (hereinafter referred to as “Applicants”)
      apply in writing to the Trustee, and such application states that the Applicants
      desire to communicate with other Holders with respect to their rights under
      this
      Agreement or under the Certificates and is accompanied by a copy of the
      communication which such Applicants propose to transmit, then the Trustee shall,
      within five Business Days after the receipt of such application, afford such
      Applicants reasonable access during the normal business hours of the Trustee
      to
      the most recent list of Certificateholders held by the Trustee or shall, as
      an
      alternative, send, at the Applicants’ expense, the written communication
      proffered by the Applicants to all Certificateholders at their addresses as
      they
      appear in the Certificate Register.

     

    
      
        
        

      

      
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    (c)  Every
      Holder or Certificate Owner, if the Holder is a Clearing Agency, by receiving
      and holding a Certificate, agrees with the Depositor, the Trustee, the Master
      Servicer, the Certificate Registrar and the Trustee that neither the Depositor,
      the Trustee, the Master Servicer, the Certificate Registrar nor the Trustee
      shall be held accountable by reason of the disclosure of any such information
      as
      to the names and addresses of the Certificateholders hereunder, regardless
      of
      the source from which such information was derived.

     

    Section
      8.03.  Acts
      of Holders of Certificates.

     

    (a)  Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Agreement to be given or taken by Holders or Certificate
      Owner, if the Holder is a Clearing Agency, may be embodied in and evidenced
      by
      one or more instruments of substantially similar tenor signed by such Holders
      in
      person or by agent duly appointed in writing; and, except as herein otherwise
      expressly provided, such action shall become effective when such instrument
      or
      instruments are delivered to the Trustee, the Certificate Registrar, the Paying
      Agent and, where expressly required herein, to the Master Servicer. Such
      instrument or instruments (as the action embodies therein and evidenced thereby)
      are herein sometimes referred to as an “Act” of the Holders signing such
      instrument or instruments. Proof of execution of any such instrument or of
      a
      writing appointing any such agents shall be sufficient for any purpose of this
      Agreement and conclusive in favor of the Trustee, the Trustee and Master
      Servicer, if made in the manner provided in this Section. The Trustee and Master
      Servicer shall promptly notify the other of receipt of any such instrument
      by
      it, and shall promptly forward a copy of such instrument to the
      other.

     

    (b)  The
      fact
      and date of the execution by any Person of any such instrument or writing may
      be
      proved by the affidavit of a witness of such execution or by the certificate
      of
      any notary public or other officer authorized by law to take acknowledgments
      or
      deeds, certifying that the individual signing such instrument or writing
      acknowledged to him the execution thereof. Whenever such execution is by an
      officer of a corporation or a member of a partnership on behalf of such
      corporation or partnership, such certificate or affidavit shall also constitute
      sufficient proof of his authority. The fact and date of the execution of any
      such instrument or writing, or the authority of the individual executing the
      same, may also be proved in any other manner which the Trustee deems
      sufficient.

     

    (c)  The
      ownership of Certificates (whether or not such Certificates shall be overdue
      and
      notwithstanding any notation of ownership or other writing thereon made by
      anyone other than the Trustee) shall be proved by the Certificate Register,
      and
      none of the Trustee, the Paying Agent, the Master Servicer or the Depositor
      shall be affected by any notice to the contrary.

     

    (d)  Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action by the Holder of any Certificate shall bind every future Holder of the
      same Certificate and the Holder of every Certificate issued upon the
      registration of transfer thereof or in exchange therefor or in lieu thereof,
      in
      respect of anything done, omitted or suffered to be done by the Trustee or
      the
      Master Servicer in reliance thereon, whether or not notation of such action
      is
      made upon such Certificate.

     

    
      
        
        

      

      
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    ARTICLE
      IX

     

    ADMINISTRATION
      AND SERVICING OF MORTGAGE LOANS

    BY
      THE
      MASTER SERVICER

     

    Section
      9.01.  Duties
      of the Master Servicer.

     

    The
      Certificateholders, by their purchase and acceptance of the Certificates,
      appoint Aurora Loan Services LLC, as Master Servicer. For and on behalf of
      the
      Depositor, the Trustee and the Certificateholders, the Master Servicer shall
      master service the Mortgage Loans in accordance with the provisions of this
      Agreement and the provisions of the applicable Servicing Agreement.

     

    Section
      9.02.  Master
      Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance
      Policy.

     

    (a)  The
      Master Servicer, at its expense, shall maintain in effect a Fidelity Bond and
      an
      Errors and Omissions Insurance Policy, affording coverage with respect to all
      directors, officers, employees and other Persons acting on such Master
      Servicer’s behalf, and covering errors and omissions in the performance of the
      Master Servicer’s obligations hereunder. The Master Servicer Errors and
      Omissions Insurance Policy and the Master Servicer Fidelity Bond shall be in
      such form and amount that would meet the requirements of FNMA or FHLMC if it
      were the purchaser of the Mortgage Loans, and if the Master Servicer receives
      notice that such policy is or shall be cancelled, it shall immediately notify
      the NIMs Insurer. The Master Servicer shall provide the Trustee and any NIMS
      Insurer upon request, with a copy of such policy and fidelity bond. The Master
      Servicer shall (i) require each Servicer to maintain an Errors and Omissions
      Insurance Policy and a Fidelity Bond in accordance with the provisions of the
      applicable Servicing Agreement, (ii) cause each Servicer to provide to the
      Master Servicer certificates evidencing that such policy and bond is in effect
      and to furnish to the Master Servicer any notice of cancellation, non-renewal
      or
      modification of the policy or bond received by it, as and to the extent provided
      in the applicable Servicing Agreement, and (iii) furnish copies of the
      certificates and notices referred to in clause (ii) to the Trustee upon its
      request. The Fidelity Bond and Errors and Omissions Insurance Policy may be
      obtained and maintained in blanket form.

     

    (b)  The
      Master Servicer shall promptly report to the Trustee any material changes that
      may occur in the Master Servicer Fidelity Bond or the Master Servicer Errors
      and
      Omissions Insurance Policy and shall furnish to the Trustee, on request,
      certificates evidencing that such bond and insurance policy are in full force
      and effect. The Master Servicer shall promptly report to the Trustee all cases
      of embezzlement or fraud, if such events involve funds relating to the Mortgage
      Loans. The total losses, regardless of whether claims are filed with the
      applicable insurer or surety, shall be disclosed in such reports together with
      the amount of such losses covered by insurance. If a bond or insurance claim
      report is filed with any of such bonding companies or insurers, the Master
      Servicer shall promptly furnish a copy of such report to the Trustee. Any
      amounts relating to the Mortgage Loans collected by the Master Servicer under
      any such bond or policy shall be promptly remitted by the Master Servicer to
      the
      Trustee for deposit into the Certificate Account. Any amounts relating to the
      Mortgage Loans collected by any Servicer under any such bond or policy shall
      be
      remitted to the Master Servicer to the extent provided in the applicable
      Servicing Agreement.

     

    
      
        
        

      

      
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    Section
      9.03.  Master
      Servicer’s Financial Statements and Related Information.

     

    For
      each
      year this Agreement is in effect, the Master Servicer shall submit to each
      Rating Agency, any NIMS Insurer, and the Depositor a copy of the annual audited
      financial statements of its corporate parent on or prior to March 31st of each
      year commencing on March 31, 2008.  Such financial statements shall include
      comparative balance sheets, income statements, statement of changes in
      shareholder's equity, statements of cash flows, a consolidating schedule showing
      consolidated subsidiaries and any related notes required pursuant to generally
      accepted accounting principles, certified by a nationally recognized firm of
      Independent Accountants to the effect that such financial statements were
      examined and prepared in accordance with generally accepted accounting
      principles applied on a basis consistent with that of the preceding
      year.

     

    Section
      9.04.  Power
      to Act; Procedures.

     

    (a)  The
      Master Servicer shall master service the Mortgage Loans and shall have full
      power and authority, subject to the REMIC Provisions and the provisions of
      Article X hereof, and each Servicer shall have full power and authority (to
      the
      extent provided in the applicable Servicing Agreement) to do any and all things
      that it may deem necessary or desirable in connection with the servicing and
      administration of the Mortgage Loans, including but not limited to the power
      and
      authority (i) to execute and deliver, on behalf of the Certificateholders and
      the Trustee, customary consents or waivers and other instruments and documents,
      (ii) to consent to transfers of any Mortgaged Property and assumptions of the
      Mortgage Notes and related Mortgages, (iii) to collect any Insurance Proceeds
      and Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion
      of the ownership of the Mortgaged Property securing any Mortgage Loan, in each
      case, in accordance with the provisions of this Agreement and the applicable
      Servicing Agreement, as applicable; provided that the Master Servicer shall
      not
      take, or knowingly permit any Servicer to take, any action that is inconsistent
      with or prejudices the interests of the Trust Fund or the Certificateholders
      in
      any Mortgage Loan or the rights and interests of the Depositor, the Trustee
      and
      the Certificateholders under this Agreement. The Master Servicer further is
      authorized and empowered by the Trustee, on behalf of the Certificateholders
      and
      the Trustee, in its own name or in the name of any Servicer (to the extent
      permitted in the applicable Servicing Agreement), when the Master Servicer
      or a
      Servicer, as the case may be, believes it is appropriate in its best judgment
      to
      register any Mortgage Loan with MERS, or cause the removal from the registration
      of any Mortgage Loan on the MERS system, to execute and deliver, on behalf
      of
      the Trustee and the Certificateholders or any of them, any and all instruments
      of assignment and other comparable instruments with respect to such assignment
      or re-recording of a Mortgage in the name of MERS, solely as nominee for the
      Trustee and its successors and assigns. The Master Servicer shall represent
      and
      protect the interests of the Trust Fund in the same manner as it protects its
      own interests in mortgage loans in its own portfolio in any claim, proceeding
      or
      litigation regarding a Mortgage Loan and shall not make or knowingly permit
      any
      Servicer to make any modification, waiver or amendment of any term of any
      Mortgage Loan that would cause any REMIC included in the Trust Fund to fail
      to
      qualify as a REMIC or result in the imposition of any tax under Section 860F(a)
      or Section 860G(d) of the Code. Without limiting the generality of the
      foregoing, the Master Servicer in its own name or in the name of a Servicer,
      and
      each Servicer, to the extent such authority is delegated to such Servicer by
      the
      Master Servicer under the applicable Servicing Agreement, is hereby authorized
      and empowered by the Trustee when the Master Servicer or a Servicer, as the
      case
      may be, believes it appropriate in its best judgment and in accordance with
      Accepted Servicing Practices and the applicable Servicing Agreement, to execute
      and deliver, on behalf of itself and the Certificateholders, the Trustee or
      any
      of them, any and all instruments of satisfaction or cancellation, or of partial
      or full release or discharge and all other comparable instruments, with respect
      to the Mortgage Loans and with respect to the Mortgaged Properties. The Trustee
      shall furnish the Master Servicer or a Servicer, upon request, with any powers
      of attorney prepared by the Master Servicer or such Servicer empowering the
      Master Servicer or such Servicer to execute and deliver instruments of
      satisfaction or cancellation, or of partial or full release or discharge, and
      to
      foreclose upon or otherwise liquidate Mortgaged Property, and to appeal,
      prosecute or defend in any court action relating to the Mortgage Loans or the
      Mortgaged Property, in accordance with the applicable Servicing Agreement and
      this Agreement, and the Trustee shall execute and deliver such other documents,
      as the Master Servicer may request, necessary or appropriate to enable the
      Master Servicer to master service the Mortgage Loans and carry out its duties
      hereunder and to allow each Servicer to service the Mortgage Loans, in each
      case
      in accordance with Accepted Servicing Practices (and the Trustee shall have
      no
      liability for misuse of any such powers of attorney by the Master Servicer
      or
      the applicable Servicer). If the Master Servicer or the Trustee has been advised
      that it is likely that the laws of the state in which action is to be taken
      prohibit such action if taken in the name of the Trustee or that the Trustee
      would be adversely affected under the “doing business” or tax laws of such state
      if such action is taken in its name, then upon request of the Trustee, the
      Master Servicer shall join with the Trustee in the appointment of a co-trustee
      pursuant to Section 6.09 hereof. In the performance of its duties hereunder,
      the
      Master Servicer shall be an independent contractor and shall not, except in
      those instances where it is taking action in the name of the Trustee, be deemed
      to be the agent of the Trustee. Notwithstanding anything to the contrary, the
      Master Servicer shall not without Trustee’s written consent: (i) initiate any
      action, suit or proceeding solely under the Trustee’s name without indicating
      the Master Servicer’s representative capacity or (ii) take any action with the
      intent to cause, and which actually does cause, the Trustee to be registered
      to
      do business in any state.

     

    
      
        
        

      

      
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    (b)  In
      master
      servicing and administering the Mortgage Loans, the Master Servicer shall employ
      procedures and exercise the same care that it customarily employs and exercises
      in master servicing and administering loans for its own account, giving due
      consideration to Accepted Servicing Practices where such practices do not
      conflict with this Agreement. Consistent with the foregoing, the Master Servicer
      may, and may permit any Servicer to, in its discretion (i) waive any late
      payment charge (but not any Prepayment Penalty Amount, except as set forth
      below) and (ii) extend the due dates for payments due on a Mortgage Note for
      a
      period not greater than 120 days; provided, however, that the maturity of any
      Mortgage Loan shall not be extended past the date on which the final payment
      is
      due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event
      of
      any extension described in clause (ii) above, the Master Servicer shall make
      or
      cause to be made Advances on the related Mortgage Loan in accordance with the
      provisions of Section 5.04 on the basis of the amortization schedule of such
      Mortgage Loan without modification thereof by reason of such extension.
      Notwithstanding anything to the contrary in this Agreement, the Master Servicer
      shall not make or knowingly permit any modification, waiver or amendment of
      any
      material term of any Mortgage Loan unless: (1) such Mortgage Loan is in default
      or default by the related Mortgagor is, in the reasonable judgment of the Master
      Servicer or the applicable Servicer, reasonably foreseeable, (2) in the case
      of
      a waiver of a Prepayment Penalty Amount if (a) such Mortgage Loan is in default
      or default by the related Mortgagor is reasonably foreseeable, and such waiver
      would maximize recovery of total proceeds taking into account the value of
      such
      Prepayment Penalty Amount and the related Mortgage Loan or (b) the prepayment
      is
      not the result of a refinance by the Servicer or any of its affiliates and
      (i)
      such Mortgage Loan is in default or default by the related Mortgagor is, in
      the
      reasonable judgment of the Master Servicer or the applicable Servicer,
      reasonably foreseeable, and such waiver would maximize recovery of total
      proceeds taking into account the value of such Prepayment Penalty Amount and
      the
      related Mortgage Loan or (ii) the collection of the Prepayment Penalty Amount
      would be in violation of applicable laws or (iii) the collection of such
      Prepayment Penalty Amount would be considered “predatory” pursuant to written
      guidance published or issued by any applicable federal, state or local
      regulatory authority acting in its official capacity and having jurisdiction
      over such matters, and (3) the Master Servicer shall have provided or caused
      to
      be provided to the Trustee an Opinion of Counsel (which opinion shall, if
      provided by the Master Servicer, be an expense reimbursed, to the extent it
      is
      an unanticipated expense within the meaning of Treasury Regulation Section
      1.860G-1(b)(3)(ii) from the Collection Account pursuant to Section 4.02(v))
      in
      writing to the effect that such modification, waiver or amendment would not
      cause an Adverse REMIC Event; provided, in no event shall an Opinion of Counsel
      be required for the waiver of a Prepayment Penalty Amount under clause (2)
      above.

     

    
      
        
        

      

      
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    Section
      9.05.  Servicing
      Agreements Between the Master Servicer and Servicers; Enforcement of Servicers’
Obligations.

     

    (a)  Each
      Servicing Agreement requires the applicable Servicer to service the Mortgage
      Loans in accordance with the provisions thereof. References in this Agreement
      to
      actions taken or to be taken by the Master Servicer include such actions taken
      or to be taken by a Servicer pursuant to a Servicing Agreement. Any fees, costs
      and expenses and other amounts payable to such Servicers shall be deducted
      from
      amounts remitted to the Master Servicer by the applicable Servicer (to the
      extent permitted by the applicable Servicing Agreement) and shall not be an
      obligation of the Trust, the Trustee or the Master Servicer.

     

    (b)  The
      Master Servicer shall not be required to (i) take any action with respect to
      the
      servicing of any Mortgage Loan that the related Servicer is not required to
      take
      under the related Servicing Agreement and (ii) cause a Servicer to take any
      action or refrain from taking any action if the related Servicing Agreement
      does
      not require the Servicer to take such action or refrain from taking such action;
      in both cases notwithstanding any provision of this Agreement that requires
      the
      Master Servicer to take such action or cause the Servicer to take such
      action.

     

    (c)  The
      Master Servicer, for the benefit of the Trustee and the Certificateholders,
      shall enforce the obligations of each Servicer under the related Servicing
      Agreement, and shall use its reasonable best efforts to enforce the obligations
      of each Servicer under the related Servicing Agreement and shall, upon its
      obtaining actual knowledge of the failure of a Servicer to perform its
      obligations in accordance with the related Servicing Agreement, to the extent
      that the non-performance of any such obligations would have a material adverse
      effect on a Mortgage Loan, the Trust Fund or Certificateholders, terminate
      the
      rights and obligations of such Servicer thereunder to the extent and in the
      manner permitted by the related Servicing Agreement and either act as servicer
      of the related Mortgage Loans or enter into a Servicing Agreement with a
      successor Servicer. Such enforcement, including, without limitation, the legal
      prosecution of claims, termination of Servicing Agreements and the pursuit
      of
      other appropriate remedies, shall be in such form and carried out to such an
      extent and at such time as the Master Servicer, in its good faith business
      judgment, would require were it the owner of the related Mortgage Loans. The
      Master Servicer shall pay the costs of such enforcement at its own expense,
      and
      shall be reimbursed therefor initially only (i) from a general recovery
      resulting from such enforcement only to the extent, if any, that such recovery
      exceeds all amounts due in respect of the related Mortgage Loans, (ii) from
      a
      specific recovery of costs, expenses or attorneys’ fees against the party
      against whom such enforcement is directed, and then, to the extent that such
      amounts are insufficient to reimburse the Master Servicer for the costs of
      such
      enforcement or (iii) from the Collection Account.

     

    
      
        
        

      

      
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    (d)  The
      Master Servicer shall be entitled to conclusively rely on any certifications
      or
      other information provided by the Servicers under the terms of the applicable
      Servicing Agreement, in its preparation of any certifications, filings or
      reports, in accordance with the terms hereof or as may be required by applicable
      law or regulation.

     

    Section
      9.06.  Collection
      of Taxes, Assessments and Similar Items.

     

    (a)  To
      the
      extent provided in the applicable Servicing Agreement, the Master Servicer
      shall
      cause each Servicer to establish and maintain one or more custodial accounts
      at
      a depository institution (which may be a depository institution with which
      the
      Master Servicer or any Servicer establishes accounts in the ordinary course
      of
      its servicing activities), the accounts of which are insured to the maximum
      extent permitted by the FDIC (each, an “Escrow Account”) and shall deposit
      therein any collections of amounts received with respect to amounts due for
      taxes, assessments, water rates, Standard Hazard Insurance Policy premiums
      or
      any comparable items for the account of the Mortgagors. Withdrawals from any
      Escrow Account may be made (to the extent amounts have been escrowed for such
      purpose) only in accordance with the applicable Servicing Agreement. Each
      Servicer shall be entitled to all investment income not required to be paid
      to
      Mortgagors on any Escrow Account maintained by such Servicer. The Master
      Servicer shall make (or cause to be made) to the extent provided in the
      applicable Servicing Agreement advances to the extent necessary in order to
      effect timely payment of taxes, water rates, assessments, Standard Hazard
      Insurance Policy premiums or comparable items in connection with the related
      Mortgage Loan (to the extent that the Mortgagor is required, but fails, to
      pay
      such items), provided that it has determined that the funds so advanced are
      recoverable from escrow payments, reimbursement pursuant to Section 4.02(v)
      or
      otherwise.

     

    (b)  Costs
      incurred by the Master Servicer or by Servicers in effecting the timely payment
      of taxes and assessments on the properties subject to the Mortgage Loans may
      be
      added to the amount owing under the related Mortgage Note where the terms of
      the
      Mortgage Note so permit; provided, however, that the addition of any such cost
      shall not be taken into account for purposes of calculating the distributions
      to
      be made to Certificateholders. Such costs, to the extent that they are
      unanticipated expenses within the meaning of Treasury Regulations Section
      1.860G-1(b)(3)(ii) shall be recoverable by the Master Servicer pursuant to
      Section 4.02(v).

     

    
      Section
        9.07.  Termination
        of Servicing Agreements; Successor Servicers.

    

    
      
        
        

      

      
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    (a)  The
      Master Servicer shall be entitled to terminate the rights and obligations of
      any
      Servicer under the applicable Servicing Agreement in accordance with the terms
      and conditions of such Servicing Agreement and without any limitation by virtue
      of this Agreement; provided, however, that in the event of termination of any
      Servicing Agreement by the Master Servicer or the related Servicer, the Master
      Servicer shall either act as Servicer of the related Mortgage Loans, or enter
      into a Servicing Agreement with a successor Servicer.

     

    The
      parties acknowledge that notwithstanding the preceding sentence, there may
      be a
      transition period, not to exceed 90 days, in order to effect the transfer of
      servicing to a successor Servicer. The Master Servicer shall be entitled to
      be
      reimbursed from each Servicer (or by the Trust Fund, if such Servicer is unable
      to fulfill its obligations hereunder) for all costs associated with the transfer
      of servicing from the predecessor servicer, including without limitation, any
      costs or expenses associated with the complete transfer of all servicing data
      and the completion, correction or manipulation of such servicing data, as may
      be
      required by the Master Servicer to correct any errors or insufficiencies in
      the
      servicing data or otherwise to enable the Master Servicer to service the
      Mortgage Loans properly and effectively.

     

    (b)  If
      the
      Master Servicer acts as Servicer, it will not assume liability for the
      representations and warranties of the Servicer, if any, that it replaces. The
      Master Servicer shall use reasonable efforts to have the successor Servicer
      assume liability for the representations and warranties made by the terminated
      Servicer in respect of the related Mortgage Loans, and in the event of any
      such
      assumption by the successor Servicer, the Trustee or the Master Servicer, as
      applicable, may, in the exercise of its business judgment, release the
      terminated Servicer from liability for such representations and
      warranties.

     

    Section
      9.08.  Master
      Servicer Liable for Enforcement.

     

    Notwithstanding
      any Servicing Agreement, the Master Servicer shall remain obligated and liable
      to the Trustee and the Certificateholders in accordance with the provisions
      of
      this Agreement, to the extent of its obligations hereunder, without diminution
      of such obligation or liability by virtue of such Servicing Agreements or
      arrangements. The Master Servicer shall use commercially reasonable efforts
      to
      ensure that the Mortgage Loans are serviced in accordance with the provisions
      of
      this Agreement and shall use commercially reasonable efforts to enforce the
      provisions of each Servicing Agreement for the benefit of the
      Certificateholders. The Master Servicer shall be entitled to enter into any
      agreement with the Servicers for indemnification of the Master Servicer and
      nothing contained in this Agreement shall be deemed to limit or modify such
      indemnification. Except as expressly set forth herein, the Master Servicer
      shall
      have no liability for the acts or omissions of any Servicer in the performance
      by such Servicer of its obligations under the related Servicing
      Agreement.

     

    Section
      9.09.  No
      Contractual Relationship Between the Servicers, any NIMS Insurer and Trustee
      or
      Depositor.

     

    Any
      Servicing Agreement that may be entered into and any other transactions or
      services relating to the Mortgage Loans involving a Servicer in its capacity
      as
      such and not as an originator shall be deemed to be between such Servicer,
      the
      Seller and the Master Servicer, and the Trustee and the Depositor shall not
      be
      deemed parties thereto and shall have no claims, rights, obligations, duties
      or
      liabilities with respect to such Servicer except as set forth in Section 9.10
      hereof.

     

    
      
        
        

      

      
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    Section
      9.10.  Assumption
      of Servicing Agreement by Trustee.

     

    (a)  In
      the
      event the Master Servicer shall for any reason no longer be the Master Servicer
      (including by reason of any Event of Default under this Agreement), after a
      period not to exceed ninety days after issuance of any notice of termination
      pursuant to Section 6.14 or Section 9.28, as applicable, the Trustee, or a
      successor master servicer as appointed by Trustee in accordance with Section
      6.14, shall assume all of the rights and obligations of such Master Servicer
      hereunder and under each Servicing Agreement entered into with respect to the
      Mortgage Loans. The Trustee, its designee or any successor master servicer
      appointed by the Trustee shall be deemed to have assumed all of the Master
      Servicer’s interest herein and therein to the same extent as if such Servicing
      Agreement had been assigned to the assuming party, except that the Master
      Servicer shall not thereby be relieved of any liability or obligations of the
      Master Servicer under such Servicing Agreement accruing prior to its replacement
      as Master Servicer, and shall be liable to the Trustee, and hereby agrees to
      indemnify and hold harmless the Trustee from and against all costs, damages,
      expenses and liabilities (including reasonable attorneys’ fees) incurred by the
      Trustee as a result of such liability or obligations of the Master Servicer
      and
      in connection with the Trustee’s assumption (but not its performance, except to
      the extent that costs or liability of the Trustee are created or increased
      as a
      result of negligent or wrongful acts or omissions of the Master Servicer prior
      to its replacement as Master Servicer) of the Master Servicer’s obligations,
      duties or responsibilities thereunder; provided that the Master Servicer shall
      not indemnify or hold harmless the Trustee against negligent or willful
      misconduct of the Trustee.

     

    (b)  The
      Master Servicer that has been terminated shall, upon request of the Trustee
      but
      at the expense of such Master Servicer or at the expense of the Trust Fund,
      deliver to the assuming party all documents and records relating to each
      Servicing Agreement and the related Mortgage Loans and an accounting of amounts
      collected and held by it and otherwise use its best efforts to effect the
      orderly and efficient transfer of each Servicing Agreement to the assuming
      party.

     

    Section
      9.11.  “Due-on-Sale”
      Clauses; Assumption Agreements.

     

    (a)  To
      the
      extent provided in the applicable Servicing Agreement, to the extent Mortgage
      Loans contain enforceable due-on-sale clauses, and to the extent that the Master
      Servicer has knowledge of the conveyance of a Mortgaged Property, the Master
      Servicer shall use its reasonable best efforts to cause the Servicers to enforce
      such clauses in accordance with the applicable Servicing Agreement. If
      applicable law prohibits the enforcement of a due-on-sale clause or such clause
      is otherwise not enforced in accordance with the applicable Servicing Agreement,
      and, as a consequence, a Mortgage Loan is assumed, the original Mortgagor may
      be
      released from liability in accordance with the applicable Servicing
      Agreement.

     

    (b)  The
      Master Servicer or the related Servicer, as the case may be, shall be entitled
      to approve a request from a Mortgagor for the granting of an easement thereon
      in
      favor of another Person or any alteration or demolition of the related Mortgaged
      Property if it has determined, exercising its good faith business judgment
      in
      the same manner as it would if it were the owner of the related Mortgage Loan,
      that the security for, and the timely and full collectability of, such Mortgage
      Loan would not be materially adversely affected thereby. Any fee collected
      by
      the Master Servicer or the related Servicer for processing such a request will
      be retained by the Master Servicer or such Servicer as additional servicing
      compensation.

     

    
      
        
        

      

      
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    Section
      9.12.  Release
      of Mortgage Files.

     

    (a)  Upon
      (i)
      becoming aware of the payment in full of any Mortgage Loan, (ii) the receipt
      by
      the Master Servicer of a notification that payment in full has been or will
      be
      escrowed in a manner customary for such purposes, or (iii) in the case of a
      Mortgage Loan as to which the related Mortgaged Property is located in
      California, receipt by the Master Servicer of notification from the applicable
      Servicer that the Servicer reasonably expects that payment in full will be
      received promptly, the Master Servicer will, or will cause the applicable
      Servicer to, promptly notify the Trustee (or the applicable Custodian) by a
      certification (which certification shall include a statement to the effect
      that
      all amounts received or to be received in connection with such payment that
      are
      required to be deposited in the Collection Account maintained by the Master
      Servicer pursuant to Section 4.01 have been or will be so deposited) of a
      Servicing Officer and shall request the Trustee or the applicable Custodian,
      to
      deliver to the applicable Servicer the related Mortgage File. In lieu of sending
      a hard copy certification of a Servicing Officer, the Master Servicer may,
      or
      may cause the Servicer to, deliver the request for release in a mutually
      agreeable electronic format. To the extent that such a request, on its face,
      originates from a Servicing Officer, no signature shall be required. Upon
      receipt of such certification and request, the Trustee or the applicable
      Custodian, shall promptly release the related Mortgage File to the applicable
      Servicer and neither the Trustee nor the Custodian shall have any further
      responsibility with regard to such Mortgage File. The Master Servicer is
      authorized, and each Servicer, to the extent such authority is delegated to
      such
      Servicer by the Master Servicer under the applicable Servicing Agreement, is
      authorized, to give, as agent for the Trustee, as the mortgagee under the
      Mortgage that secured the Mortgage Loan, an instrument of satisfaction (or
      assignment of mortgage without recourse) regarding the Mortgaged Property
      subject to the Mortgage, which instrument of satisfaction or assignment, as
      the
      case may be, shall be delivered to the Person or Persons entitled thereto
      against receipt therefor of such payment, it being understood and agreed that
      no
      expenses incurred in connection with such instrument of satisfaction or
      assignment, as the case may be, shall be chargeable to the Collection
      Account.

     

    (b)  From
      time
      to time and as appropriate for the servicing or foreclosure of, or other legal
      proceedings relating to, any Mortgage Loan and in accordance with Accepted
      Servicing Practices and the applicable Servicing Agreement, the Trustee shall
      execute such pleadings, request for trustee’s sale or other documents as shall
      be prepared and furnished to the Trustee by the Master Servicer, or by a
      Servicer (in form reasonably acceptable to the Trustee) and as are necessary
      to
      the prosecution of any such proceedings. The Trustee or the Custodian, shall,
      upon request of the Master Servicer, or of a Servicer, and delivery to the
      Trustee or the applicable Custodian, of a trust receipt signed by a Servicing
      Officer substantially in the form annexed hereto as Exhibit C or in the form
      annexed to the applicable Custodial Agreement as Exhibit C, release the related
      Mortgage File held in its possession or control to the Master Servicer (or
      the
      applicable Servicer). Such trust receipt shall obligate the Master Servicer
      or
      applicable Servicer to return the Mortgage File to the Trustee or Custodian,
      as
      applicable, when the need therefor by the Master Servicer or applicable Servicer
      no longer exists unless (i) the Mortgage Loan shall be liquidated, in which
      case, upon receipt of a certificate of a Servicing Officer similar to that
      herein above specified, the trust receipt shall be released by the Trustee
      or
      the Custodian, as applicable, to the Master Servicer (or the applicable
      Servicer) or (ii) the Mortgage File has been delivered directly or through
      a
      Servicer to an attorney, or to a public trustee or other public official as
      required by law, for purposes of initiating or pursuing legal action or other
      proceedings for the foreclosure of the Mortgaged Property either judicially
      or
      non-judicially, and the Master Servicer has delivered directly or through a
      Servicer to the Trustee a certificate of a Servicing Officer certifying as
      to
      the name and address of the Person to which such Mortgage File or such document
      was delivered and the purpose or purposes of such delivery.

     

    
      
        
        

      

      
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    Section
      9.13.  Documents,
      Records and Funds in Possession of Master Servicer To Be Held for
      Trustee.

     

    (a)  The
      Master Servicer shall transmit, or cause the applicable Servicer to transmit,
      to
      the Trustee such documents and instruments coming into the possession of the
      Master Servicer or such Servicer from time to time as are required by the terms
      hereof to be delivered to the Trustee or the applicable Custodian. Any funds
      received by the Master Servicer or by a Servicer in respect of any Mortgage
      Loan
      or which otherwise are collected by the Master Servicer or by a Servicer as
      a
      Subsequent Recovery, Liquidation Proceeds or Insurance Proceeds in respect
      of
      any Mortgage Loan shall be held for the benefit of the Trustee and the
      Certificateholders subject to the Master Servicer’s right to retain or withdraw
      from the Collection Account the Master Servicing Fee and other amounts provided
      in this Agreement, and to the right of each Servicer to retain its Servicing
      Fee
      and other amounts as provided in the applicable Servicing Agreement. The Master
      Servicer shall, and shall (to the extent provided in the applicable Servicing
      Agreement) cause each Servicer to, provide access to information and
      documentation regarding the Mortgage Loans to the Trustee, its agents and
      accountants and to any NIMS Insurer at any time upon reasonable request and
      during normal business hours, and to Certificateholders that are savings and
      loan associations, banks or insurance companies, the Office of Thrift
      Supervision, the FDIC and the supervisory agents and examiners of such Office
      and Corporation or examiners of any other federal or state banking or insurance
      regulatory authority if so required by applicable regulations of the Office
      of
      Thrift Supervision or other regulatory authority, such access to be afforded
      without charge but only upon reasonable request in writing and during normal
      business hours at the offices of the Master Servicer designated by it. In
      fulfilling such a request the Master Servicer shall not be responsible for
      determining the sufficiency of such information. The Master Servicer shall
      afford the NIMS Insurer, and shall (to the extent provided in the Servicing
      Agreement) cause the Servicer to afford the NIMS Insurer, upon reasonable
      advance notice, during normal business hours access to all records related
      to
      their respective rights and obligations hereunder and access to officers of
      the
      Master Servicer and the Servicer responsible for such obligations.

     

    (b)  All
      Mortgage Files and funds collected or held by, or under the control of, the
      Master Servicer, or any Servicer, in respect of any Mortgage Loans, whether
      from
      the collection of principal and interest payments or from a Subsequent Recovery,
      Liquidation Proceeds or Insurance Proceeds, shall be held by the Master
      Servicer, or by such Servicer, for and on behalf of the Trustee and the
      Certificateholders and shall be and remain the sole and exclusive property
      of
      the Trustee; provided, however, that the Master Servicer and each Servicer
      shall
      be entitled to setoff against, and deduct from, any such funds any amounts
      that
      are properly due and payable to the Master Servicer or such Servicer under
      this
      Agreement or the applicable Servicing Agreement and shall be authorized to
      remit
      such funds to the Trustee in accordance with this Agreement.

     

    
      
        
        

      

      
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    (c)  The
      Master Servicer hereby acknowledges that concurrently with the execution of
      this
      Agreement, the Trustee shall own or, to the extent that a court of competent
      jurisdiction shall deem the conveyance of the Mortgage Loans from the Seller
      to
      the Depositor not to constitute a sale, the Trustee shall have a security
      interest in the Mortgage Loans and in all Mortgage Files representing such
      Mortgage Loans and in all funds and investment property now or hereafter held
      by, or under the control of, a Servicer or the Master Servicer that are
      collected by such Servicer or the Master Servicer in connection with the
      Mortgage Loans, whether as scheduled installments of principal and interest
      or
      as full or partial prepayments of principal or interest or as a Subsequent
      Recovery, Liquidation Proceeds or Insurance Proceeds or otherwise, and in all
      proceeds of the foregoing and proceeds of proceeds (but excluding any fee or
      other amounts to which such Servicer is entitled under the applicable Servicing
      Agreement, or the Master Servicer or the Depositor is entitled to hereunder);
      and the Master Servicer agrees that so long as the Mortgage Loans are assigned
      to and held by the Trustee or any Custodian, all documents or instruments
      constituting part of the Mortgage Files, and such funds relating to the Mortgage
      Loans which come into the possession or custody of, or which are subject to
      the
      control of, the Master Servicer or any Servicer shall be held by the Master
      Servicer or such Servicer for and on behalf of the Trustee as the Trustee’s
      agent and bailee for purposes of perfecting the Trustee’s security interest
      therein as provided by the applicable Uniform Commercial Code or other
      laws.

     

    (d)  The
      Master Servicer agrees that it shall not, and shall not authorize any Servicer
      to, create, incur or subject any Mortgage Loans, or any funds that are deposited
      in any custodial account, Escrow Account or the Collection Account, or any
      funds
      that otherwise are or may become due or payable to the Trustee, to any claim,
      lien, security interest, judgment, levy, writ of attachment or other
      encumbrance, nor assert by legal action or otherwise any claim or right of
      setoff against any Mortgage Loan or any funds collected on, or in connection
      with, a Mortgage Loan.

     

    Section
      9.14.  Representations
      and Warranties of the Master Servicer.

     

    (a)  The
      Master Servicer hereby represents and warrants to the Depositor and the Trustee,
      for the benefit of the Certificateholders, as of the Closing Date
      that:

     

    (i)  it
      is
      validly existing and in good standing under the jurisdiction of its formation,
      and as Master Servicer has full power and authority to transact any and all
      business contemplated by this Agreement and to execute, deliver and comply
      with
      its obligations under the terms of this Agreement, the execution, delivery
      and
      performance of which have been duly authorized by all necessary company action
      on the part of the Master Servicer;

     

    (ii)  the
      execution and delivery of this Agreement by the Master Servicer and its
      performance and compliance with the terms of this Agreement will not (A) violate
      the Master Servicer’s certificate of formation or limited liability company
      agreement, (B) violate any law or regulation or any administrative decree or
      order to which it is subject or (C) constitute a default (or an event which,
      with notice or lapse of time, or both, would constitute a default) under, or
      result in the breach of, any material contract, agreement or other instrument
      to
      which the Master Servicer is a party or by which it is bound or to which any
      of
      its assets are subject, which violation, default or breach would materially
      and
      adversely affect the Master Servicer’s ability to perform its obligations under
      this Agreement;

     

    
      
        
        

      

      
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    (iii)  this
      Agreement constitutes, assuming due authorization, execution and delivery hereof
      by the other respective parties hereto, a legal, valid and binding obligation
      of
      the Master Servicer, enforceable against it in accordance with the terms hereof,
      except as such enforcement may be limited by bankruptcy, insolvency,
      reorganization, moratorium and other laws affecting the enforcement of
      creditors’ rights in general, and by general equity principles (regardless of
      whether such enforcement is considered in a proceeding in equity or at
      law);

     

    (iv)  the
      Master Servicer is not in default with respect to any order or decree of any
      court or any order or regulation of any federal, state, municipal or
      governmental agency to the extent that any such default would materially and
      adversely affect its performance hereunder;

     

    (v)  the
      Master Servicer is not a party to or bound by any agreement or instrument or
      subject to any certificate of formation or limited liability company agreement
      provision or any other company restriction or any judgment, order, writ,
      injunction, decree, law or regulation that may materially and adversely affect
      its ability as Master Servicer to perform its obligations under this Agreement
      or that requires the consent of any third person to the execution of this
      Agreement or the performance by the Master Servicer of its obligations under
      this Agreement;

     

    (vi)  no
      litigation is pending or, to the best of the Master Servicer’s knowledge,
      threatened against the Master Servicer which would prohibit its entering into
      this Agreement or performing its obligations under this Agreement;

     

    (vii)  the
      Master Servicer, or an Affiliate thereof the primary business of which is the
      servicing of conventional residential mortgage loans, is an FNMA- and FHLMC-
      approved seller/servicer;

     

    (viii)  no
      consent, approval, authorization or order of any court or governmental agency
      or
      body is required for the execution, delivery and performance by the Master
      Servicer of or compliance by the Master Servicer with this Agreement or the
      consummation of the transactions contemplated by this Agreement, except for
      such
      consents, approvals, authorizations and orders (if any) as have been
      obtained;

     

    (ix)  the
      consummation of the transactions contemplated by this Agreement are in the
      ordinary course of business of the Master Servicer; and

     

    (x)  the
      Master Servicer has obtained an Errors and Omissions Insurance Policy and a
      Fidelity Bond in accordance with Section 9.02, each of which is in full force
      and effect, and each of which provides at least such coverage as is required
      hereunder.

     

    (b)  It
      is
      understood and agreed that the representations and warranties set forth in
      this
      Section 9.14 shall survive the execution and delivery of this Agreement. The
      Master Servicer shall indemnify the Depositor and the Trustee and hold them
      harmless against any loss, damages, penalties, fines, forfeitures, legal fees
      and related costs, judgments, and other costs and expenses arising out of or
      related to any claim, demand, defense or assertion based on or grounded upon,
      or
      resulting from, a breach of the Master Servicer’s representations and warranties
      contained in Section 9.14(a). Notwithstanding anything in this Agreement to
      the
      contrary, the Master Servicer shall not be liable for special, indirect or
      consequential losses or damages of any kind whatsoever (including, but not
      limited to, lost profits). It is understood and agreed that the enforcement
      of
      the obligation of the Master Servicer set forth in this Section to indemnify
      the
      Depositor and the Trustee as provided in this Section constitutes the sole
      remedy (other than as set forth in Section 6.14) of the Depositor and the
      Trustee, respecting a breach of the foregoing representations and warranties.
      Such indemnification shall survive any termination of the Master Servicer as
      Master Servicer hereunder, and any termination of this Agreement.

     

    
      
        
        

      

      
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    Any
      cause
      of action against the Master Servicer relating to or arising out of the breach
      of any representations and warranties made in this Section shall accrue upon
      discovery of such breach by any of the Depositor, Master Servicer, any NIMS
      Insurer or the Trustee or notice thereof by any one of such parties to the
      other
      parties.

     

    (c)  It
      is
      understood and agreed that the representations and warranties of the Depositor
      set forth in Sections 2.03(a)(i) through (vi) shall survive the execution and
      delivery of this Agreement. The Depositor shall indemnify the Master Servicer
      and hold it harmless against any loss, damages, penalties, fines, forfeitures,
      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 Depositor’s representations and warranties
      contained in Sections 2.03(a)(i) through (vi). It is understood and agreed
      that
      the enforcement of the obligation of the Depositor set forth in this Section
      to
      indemnify the Master Servicer as provided in this Section constitutes the sole
      remedy of the Master Servicer respecting a breach by the Depositor of the
      representations and warranties in Sections 2.03(a)(i) through (vi).

     

    Any
      cause
      of action against the Depositor relating to or arising out of the breach of
      the
      representations and warranties made in Sections 2.03(a)(i) through (vi) shall
      accrue upon discovery of such breach by either the Depositor or the Master
      Servicer or notice thereof by any one of such parties to the other
      parties.

     

    Section
      9.15.  Closing
      Certificate and Opinion.

     

    On
      or
      before the Closing Date, the Master Servicer shall cause to be delivered to
      the
      Depositor, the Trustee and Lehman Brothers Inc. an Opinion of Counsel, dated
      the
      Closing Date, in form and substance reasonably satisfactory to the Depositor
      and
      Lehman Brothers Inc., as to the due authorization, execution and delivery of
      this Agreement by the Master Servicer and the enforceability
      thereof.

     

    Section
      9.16.  Standard
      Hazard and Flood Insurance Policies.

     

    For
      each
      Mortgage Loan (other than a Cooperative Loan), the Master Servicer shall
      maintain, or cause to be maintained by each Servicer, standard fire and casualty
      insurance and, where applicable, flood insurance, all in accordance with the
      provisions of this Agreement and the related Servicing Agreement, as applicable.
      It is understood and agreed that such insurance shall be with insurers meeting
      the eligibility requirements set forth in the applicable Servicing Agreement
      and
      that no earthquake or other additional insurance is to be required of any
      Mortgagor or to be maintained on property acquired in respect of a defaulted
      loan, other than pursuant to such applicable laws and regulations as shall
      at
      any time be in force and as shall require such additional
      insurance.

     

    
      
        
        

      

      
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    Pursuant
      to Section 4.01, any amounts collected by the Master Servicer, or by any
      Servicer, under any insurance policies maintained pursuant to this Section
      9.16
      (other than amounts to be applied to the restoration or repair of the property
      subject to the related Mortgage or released to the Mortgagor in accordance
      with
      the Master Servicer’s or the Servicer’s normal servicing procedures and Accepted
      Servicing Practices) shall be deposited into the Collection Account, subject
      to
      withdrawal pursuant to Section 4.02. Any cost incurred by the Master Servicer
      or
      any Servicer in maintaining any such insurance if the Mortgagor defaults in
      its
      obligation to do so shall be added to the amount owing under the Mortgage Loan
      where the terms of the Mortgage Loan so permit; provided, however, that the
      addition of any such cost shall not be taken into account for purposes of
      calculating the distributions to be made to Certificateholders and shall be
      recoverable by the Master Servicer or such Servicer pursuant to Section
      4.02.

     

    Section
      9.17.  Presentment
      of Claims and Collection of Proceeds.

     

    The
      Master Servicer shall, or shall cause each Servicer (to the extent provided
      in
      the applicable Servicing Agreement) to, prepare and present on behalf of the
      Trustee and the Certificateholders all claims under the Insurance Policies
      with
      respect to the Mortgage Loans, and take such actions (including the negotiation,
      settlement, compromise or enforcement of the insured’s claim) as shall be
      necessary to realize recovery under such policies. Any proceeds disbursed to
      the
      Master Servicer (or disbursed to a Servicer and remitted to the Master Servicer)
      in respect of such policies or bonds shall be promptly deposited in the
      Collection Account upon receipt, except that any amounts realized that are
      to be
      applied to the repair or restoration of the related Mortgaged Property or
      released to the Mortgagor in accordance with the Master Servicer’s or the
      Servicer’s normal servicing procedures need not be so deposited (or
      remitted).

     

    Section
      9.18.  Maintenance
      of the Primary Mortgage Insurance Policies.

     

    (a)  The
      Master Servicer shall not take, or knowingly permit any Servicer (consistent
      with the applicable Servicing Agreement) to take, any action that would result
      in non-coverage under any applicable Primary Mortgage Insurance Policy of any
      loss which, but for the actions of such Master Servicer or Servicer, would
      have
      been covered thereunder. To the extent that coverage is available, the Master
      Servicer shall use its best reasonable efforts to keep in force and effect,
      or
      to cause each Servicer to keep in force and effect (to the extent that the
      Mortgage Loan requires the Mortgagor to maintain such insurance), primary
      mortgage insurance applicable to each Mortgage Loan in accordance with the
      provisions of this Agreement and the related Servicing Agreement, as applicable.
      The Master Servicer shall not, and shall not permit any Servicer to, cancel
      or
      refuse to renew any such Primary Mortgage Insurance Policy that is in effect
      at
      the date of the initial issuance of the Certificates and is required to be
      kept
      in force hereunder except as required by a applicable law or in accordance
      with
      the provisions of this Agreement and the related Servicing Agreement, as
      applicable.

     

    
      
        
        

      

      
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    (b)  The
      Master Servicer agrees to present, or to cause each Servicer to present, on
      behalf of the Trustee and the Certificateholders, claims to the insurer under
      any Primary Mortgage Insurance Policies and, in this regard, to take such
      reasonable action as shall be necessary to permit recovery under any Primary
      Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to
      Section 4.01, any amounts collected by the Master Servicer or any Servicer
      under
      any Primary Mortgage Insurance Policies shall be deposited in the Collection
      Account, subject to withdrawal pursuant to Section 4.02.

     

    Section
      9.19.  Trustee
      To Retain Possession of Certain Insurance Policies and Documents.

     

    The
      Trustee (or the applicable Custodian, as directed by the Trustee), shall retain
      possession and custody of the originals of the Primary Mortgage Insurance
      Policies or certificate of insurance if applicable and any certificates of
      renewal as to the foregoing as may be issued from time to time as contemplated
      by this Agreement. Until all amounts distributable in respect of the
      Certificates have been distributed in full and the Master Servicer otherwise
      has
      fulfilled its obligations under this Agreement, the Trustee (or the applicable
      Custodian, as directed by the Trustee) shall also retain possession and custody
      of each Mortgage File in accordance with and subject to the terms and conditions
      of this Agreement. The Master Servicer shall promptly deliver or cause to be
      delivered to the Trustee (or the applicable Custodian), upon the execution
      or
      receipt thereof the originals of the Primary Mortgage Insurance Policies and
      any
      certificates of renewal thereof, and such other documents or instruments that
      constitute portions of the Mortgage File that come into the possession of the
      Master Servicer from time to time.

     

    Section
      9.20.  Realization
      Upon Defaulted Mortgage Loans.

     

    (a)
      The
      Master Servicer shall use its reasonable best efforts to, or to cause each
      Servicer to, foreclose upon, repossess or otherwise comparably convert the
      ownership of Mortgaged Properties securing such of the Mortgage Loans as come
      into and continue in default and as to which no satisfactory arrangements can
      be
      made for collection of delinquent payments, all in accordance with the
      applicable Servicing Agreement. Alternatively, the Master Servicer may take,
      or
      authorize any Servicer to take, other actions in respect of a defaulted Mortgage
      Loan, which may include (i) accepting a short sale (a payoff of the
      Mortgage Loan for an amount less than the total amount contractually owed in
      order to facilitate a sale of the Mortgaged Property by the Mortgagor) or
      permitting a short refinancing (a payoff of the Mortgage Loan for an amount
      less
      than the total amount contractually owed in order to facilitate refinancing
      transactions by the Mortgagor not involving a sale of the Mortgaged Property),
      (ii) arranging for a repayment plan or (iii) agreeing to a
      modification in accordance with Section 9.04. In connection with such
      foreclosure or other conversion or action, the Master Servicer shall, consistent
      with Section 9.18, follow such practices and procedures as it shall reasonably
      determine to be in the best interests of the Trust Fund and the
      Certificateholders and which shall be consistent with its customary practices
      in
      performing its general mortgage servicing activities; provided that the Master
      Servicer shall not be liable in any respect hereunder if the Master Servicer
      is
      acting in connection with any such foreclosure or other conversion or action
      in
      a manner that is consistent with the provisions of this Agreement. Neither
      the
      Master Servicer, nor any Servicer, shall be required to expend its own funds
      or
      incur other reimbursable charges in connection with any foreclosure, or
      attempted foreclosure which is not completed, or toward the correction of any
      default on a related senior mortgage loan, or towards the restoration of any
      property unless it shall determine (i) that such restoration and/or
      foreclosure will increase the proceeds of liquidation of the Mortgage Loan
      to
      the Certificateholders after reimbursement to itself for such expenses or
      charges and (ii) that such expenses and charges will be recoverable to it
      through Liquidation Proceeds or Insurance Proceeds (as provided in Section
      4.02).

     

    
      
        
        

      

      
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    (b) Notwithstanding
      the foregoing provisions of this Section 9.20 or any other provision of this
      Agreement, with respect to any Mortgage Loan as to which the Master Servicer
      has
      received actual notice of, or has actual knowledge of, the presence of any
      toxic
      or hazardous substance on the related Mortgaged Property, the Master Servicer
      shall not, on behalf of the Trustee, either (i) obtain title to such Mortgaged
      Property as a result of or in lieu of foreclosure or otherwise, or (ii)
      otherwise acquire possession of, or take any other action with respect to,
      such
      Mortgaged Property, if, as a result of any such action, the Trustee, the Trust
      Fund or the Certificateholders would be considered to hold title to, to be
      a
“mortgagee-in-possession” of, or to be an “owner” or “operator” of such
      Mortgaged Property within the meaning of the Comprehensive Environmental
      Response, Compensation and Liability Act of 1980, as amended from time to time,
      or any comparable law, unless the Master Servicer has obtained the prior written
      consent of the NIMS Insurer.

     

    Section
      9.21.  Compensation
      to the Master Servicer.

     

    The
      Master Servicer shall (i) be entitled, at its election, either (a) to pay itself
      the Master Servicing Fee, in respect of the Mortgage Loans out of any Mortgagor
      payment on account of interest prior to the deposit of such payment in the
      Collection Account it maintains or (b) to withdraw from the Collection Account
      the Master Servicing Fee to the extent permitted by Section 4.02(iv). The Master
      Servicer shall also be entitled, at its election, either (a) to pay itself
      the
      Master Servicing Fee in respect of each delinquent Mortgage Loan master serviced
      by it out of Liquidation Proceeds in respect of such Mortgage Loan or other
      recoveries with respect thereto to the extent permitted in Section 4.02 or
      (b)
      to withdraw from the Collection Account it maintains the Master Servicing Fee
      in
      respect of each Liquidated Mortgage Loan to the extent of such Liquidation
      Proceeds or other recoveries, to the extent permitted by Section 4.02. Servicing
      compensation in the form of assumption fees, if any, late payment charges,
      as
      collected, if any, or otherwise (but not including any Prepayment Penalty
      Amount) shall be retained by the Master Servicer (or the applicable Servicer)
      and shall not be deposited in the Collection Account. If the Master Servicer
      does not retain or withdraw the Master Servicing Fee from the Collection Account
      as provided herein, the Master Servicer shall be entitled to direct the Paying
      Agent to pay the Master Servicing Fee to such Master Servicer by withdrawal
      from
      the Certificate Account to the extent that payments have been received with
      respect to the applicable Mortgage Loan. The Master Servicer shall be required
      to pay all expenses incurred by it in connection with its activities hereunder
      and shall not be entitled to reimbursement therefor except as provided in this
      Agreement. Pursuant to Section 4.01(e), all income and gain realized from any
      investment of funds in the Collection Account shall be for the benefit of the
      Master Servicer as additional compensation. The provisions of this Section
      9.21
      are subject to the provisions of Section 6.14(b).

     

    
      Section
        9.22.  REO
        Property.

    

    
      
        
        

      

      
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    (a)  In
      the
      event the Trust Fund acquires ownership of any REO Property in respect of any
      Mortgage Loan, the deed or certificate of sale shall be issued to the Trustee,
      or to its nominee, on behalf of the Certificateholders. The Master Servicer
      shall use its reasonable best efforts to sell, or, to the extent provided in
      the
      applicable Servicing Agreement, cause the applicable Servicer to sell, any
      REO
      Property as expeditiously as possible and in accordance with the provisions
      of
      this Agreement and the related Servicing Agreement, as applicable, but in all
      events within the time period, and subject to the conditions set forth in
      Article X hereof. Pursuant to its efforts to sell such REO Property, the Master
      Servicer shall protect and conserve, or cause the applicable Servicer to protect
      and conserve, such REO Property in the manner and to such extent required by
      the
      applicable Servicing Agreement, subject to Article X hereof.

     

    (b)  The
      Master Servicer shall deposit or cause to be deposited all funds collected
      and
      received by it, or recovered from any Servicer, in connection with the operation
      of any REO Property in the Collection Account.

     

    (c)  The
      Master Servicer and the applicable Servicer, upon the final disposition of
      any
      REO Property, shall be entitled to reimbursement for any related unreimbursed
      Advances as well as any unpaid Master Servicing Fees or Servicing Fees from
      Liquidation Proceeds received in connection with the final disposition of such
      REO Property; provided, that (without limitation of any other right of
      reimbursement that the Master Servicer or any Servicer shall have hereunder)
      any
      such unreimbursed Advances as well as any unpaid Master Servicing Fees or
      Servicing Fees may be reimbursed or paid, as the case may be, prior to final
      disposition, out of any net rental income or other net amounts derived from
      such
      REO Property.

     

    (d)  The
      Liquidation Proceeds from the final disposition of the REO Property, net of
      any
      payment to the Master Servicer and the applicable Servicer as provided above,
      shall be deposited in the Collection Account on or prior to the Determination
      Date in the month following receipt thereof (and the Master Servicer shall
      provide written notice to the Trustee upon such deposit) and be remitted by
      wire
      transfer in immediately available funds to the Trustee for deposit into the
      Certificate Account on the next succeeding Deposit Date.

     

    Section
      9.23.  Notices
      to the Depositor and the Trustee 

     

    (a)  The
      Master Servicer shall promptly notify the Trustee, the Sponsor and the Depositor
      (i) of any legal proceedings pending against the Master Servicer of the type
      described in Item 1117 (§ 229.1117) of Regulation AB and (ii) if the Master
      Servicer shall become (but only to the extent not previously disclosed to the
      Master Servicer and the Depositor) at any time an affiliate of any of the
      parties listed on Exhibit R to this Agreement. On or before March 1st
      of each
      year, the Depositor shall distribute the information in Exhibit R to the Master
      Servicer.

     

    (b)  Not
      later
      than four Business Days prior to the Distribution Date of each month, the Master
      Servicer shall provide to the Trustee, the Sponsor and the Depositor notice
      of
      the occurrence of any material modifications, extensions or waivers of terms,
      fees, penalties or payments relating to the Mortgage Loans during the related
      Collection Period or that have cumulatively become material over time (Item
      1121(a)(11) of Regulation AB) along with all information, data, and materials
      related thereto as may be required to be included in the related Distribution
      Report on Form 10-D. The parties to this Agreement acknowledge that the
      performance by the Master Servicer of its duties under this Section 9.23(b)
      related to the timely preparation and delivery of such information is contingent
      upon each applicable Servicer strictly observing all requirements and deadlines
      in the performance of their duties under their related Servicing Agreements.
      The
      Master Servicer shall have no liability for any loss, expense, damage or claim
      arising out of or with respect to any failure to properly prepare and/or timely
      deliver all such information where such failure results from the Master
      Servicer’s inability or failure to obtain or receive, on a timely basis, any
      information from any Servicer needed to prepare or deliver such information,
      which failure does not result from the Master Servicer’s own negligence, bad
      faith or willful misconduct.

     

    
      
        
        

      

      
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    Section
      9.24.  Reports
      to the Trustee.

     

    (a)  Not
      later
      than 30 days after each Distribution Date, the Master Servicer shall forward
      to
      the Trustee and any NIMS Insurer a statement, deemed to have been certified
      by a
      Servicing Officer, setting forth the status of the Collection Account maintained
      by the Master Servicer as of the close of business on the related Distribution
      Date, indicating that all distributions required by this Agreement to be made
      by
      the Master Servicer have been made (or if any required distribution has not
      been
      made by the Master Servicer, specifying the nature and status thereof) and
      showing, for the period covered by such statement, the aggregate of deposits
      into and withdrawals from the Collection Account maintained by the Master
      Servicer. Copies of such statement shall be provided by the Master Servicer,
      upon request, to the Depositor, Attention: Contract Finance, and, upon request,
      any Certificateholders (or by the Trustee at the Master Servicer’s expense if
      the Master Servicer shall fail to provide such copies (unless (i) the Master
      Servicer shall have failed to provide the Trustee with such statement or (ii)
      the Trustee shall be unaware of the Master Servicer’s failure to provide such
      statement)).

     

    (b)  Not
      later
      than two Business Days following each Distribution Date, the Master Servicer
      shall deliver to the Person designated by the Depositor, in a format consistent
      with other electronic loan level reporting supplied by the Master Servicer
      in
      connection with similar transactions, “loan level” information with respect to
      the Mortgage Loans as of the related Determination Date, to the extent that
      such
      information has been provided to the Master Servicer by the Servicers or by
      the
      Depositor.

     

    (c)  All
      information, reports and statements prepared by the Master Servicer under this
      Agreement shall be based on information supplied to the Master Servicer by
      the
      Servicers without independent verification thereof and the Master Servicer
      shall
      be entitled to rely on such information.

     

    (d)  The
      Master Servicer shall provide the Trustee with such information as the Trustee
      may reasonably request in connection with its responsibilities under Section
      10.01 hereof provided that such information is in the possession of the Master
      Servicer.

     

    
      	Section
              9.25.  	
              Assessment
                of Compliance and Attestation Reports. 

            

    

     

    (a)  Assessment
      of Compliance

     

    (i)  On
      or
      before March 15th of each calendar year in which the Depositor is required
      to
      file reports with respect to the Trust Fund in accordance with the Exchange
      Act
      and the rules and regulations of the Commission, beginning with March 15, 2008,
      the Master Servicer, the Paying Agent (if other than the Trustee) and the
      Trustee, each at its own expense, shall furnish, and each such party shall
      cause
      any Servicing Function Participant engaged by it to furnish, each at its own
      expense, to the Sponsor, the Depositor, the Master Servicer and the Trustee,
      a
      report on an assessment of compliance with the Relevant Servicing Criteria
      that
      contains (A) a statement by such party of its responsibility for assessing
      compliance with the Relevant Servicing Criteria, (B) a statement that such
      party
      used the Servicing Criteria to assess compliance with the Relevant Servicing
      Criteria, (C) such party’s assessment of compliance with the Relevant Servicing
      Criteria as of and for the fiscal year covered by the Form 10-K required to
      be
      filed pursuant to Section 6.20(e), including, if there has been any material
      instance of noncompliance with the Relevant Servicing Criteria, a discussion
      of
      each such failure and the nature and status thereof, and (D) a statement that
      a
      registered public accounting firm has issued an attestation report on such
      party’s assessment of compliance with the Relevant Servicing Criteria as of and
      for such period. Each such assessment, pursuant to clause (C) above, shall
      cover, at a minimum, the matters indicated as obligations with respect to such
      Person on Exhibit O attached hereto. If the Trustee and the Paying Agent are
      the
      same party, the Relevant Servicing Criteria of the Paying Agent shall be
      included in the Trustee's report. The Master Servicer shall furnish to the
      Trustee a copy of each assessment of compliance provided to it by each Custodian
      pursuant to the related Custodial Agreement and by each Servicer pursuant to
      the
      related Servicing Agreement, to the extent that the Trustee is not entitled
      to
      receive such assessments pursuant to each such applicable
      agreement.

     

    
      
        
        

      

      
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    (ii)  When
      the
      Master Servicer, the Paying Agent (if other than the Trustee) and the Trustee
      (or any Servicing Function Participant engaged by it) submit their assessments
      to the Trustee and the Master Servicer, such parties will also at such time
      include the assessment (and attestation pursuant to subsection (b) of this
      Section 9.25) of each Servicing Function Participant engaged by it and shall
      indicate to the Trustee what Relevant Servicing Criteria will be addressed
      in
      any such reports prepared by any such Servicing Function
      Participant.

     

    (iii)  Promptly
      after receipt of each report on assessment of compliance, the Trustee shall
      confirm that the assessments, taken as a whole, address all applicable Servicing
      Criteria and taken individually address the Relevant Servicing Criteria (and
      disclose the inapplicability of the Servicing Criteria not determined to be
      Relevant Criteria) for each party as set forth on Exhibit O and on any similar
      exhibit set forth in each Servicing Agreement in respect of each Servicer,
      and
      each Custodial Agreement in respect of each Custodian, and shall notify the
      Depositor of any exceptions. By way of clarification and for the avoidance
      of
      doubt, it is acknowledged that the Trustee shall rely exclusively on Exhibit
      O
      and any similar exhibit set forth in each Servicing Agreement in respect of
      each
      Servicer and each Custodial Agreement in respect of each Custodian, to determine
      such applicable Servicing Criteria and Relevant Servicing Criteria, as the
      case
      may be, and shall not otherwise be reporting on the content of or sufficiency
      of
      such assessments. 

     

    
      
        
        

      

      
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    (b)  Attestation
      Reports

     

    (i)  On
      or
      before March 15th of each calendar year in which the Depositor is required
      to
      file reports with respect to the Trust Fund in accordance with the Exchange
      Act
      and the rules and regulations of the Commission, beginning with March 15, 2008,
      the Master Servicer, the Paying Agent (if other than the Trustee) and the
      Trustee, each at its own expense, shall cause, and each such party shall cause
      any Servicing Function Participant engaged by it to cause, each at its own
      expense, a registered public accounting firm (which may also render other
      services to the Master Servicer, Paying Agent or Trustee, as the case may be)
      that is a member of the American Institute of Certified Public Accountants
      to
      furnish a report to the Sponsor, the Depositor, the Master Servicer and the
      Trustee, as applicable, to the effect that (A) it has obtained a representation
      regarding certain matters from the management of such party, which includes
      an
      assertion that such party has complied with the Relevant Servicing Criteria,
      and
      (B) on the basis of an examination conducted by such firm in accordance with
      standards for attestation engagements issued or adopted by the PCAOB, it is
      expressing an opinion as to whether such party’s compliance with the Relevant
      Servicing Criteria was fairly stated in all material respects, or it cannot
      express an overall opinion regarding such party’s assessment of compliance with
      the Relevant Servicing Criteria. If the Trustee and the Paying Agent are the
      same party, the attestation report caused to be furnished by the Trustee shall
      also address the Relevant Servicing Criteria of the Paying Agent. In the event
      that an overall opinion cannot be expressed, such registered public accounting
      firm shall state in such report why it was unable to express such an opinion.
      Such report must be available for general use and not contain restricted use
      language.

     

    (ii)  Promptly
      after receipt of such report from the Master Servicer, the Paying Agent, the
      Trustee or any Servicing Function Participant engaged by such parties, the
      Trustee shall confirm that each assessment submitted pursuant subsection (a)
      of
      this Section 9.25 is coupled with an attestation meeting the requirements of
      this Section and notify the Depositor of any exceptions.

     

    (c)  The
      Trustee’s, the Paying Agent’s and the Master Servicer’s obligation to provide
      assessments of compliance and attestations under this Section 9.25 shall
      terminate upon the filing of a Form 15 suspension notice on behalf of the Trust
      Fund.

     

    Section
      9.26.  Annual
      Statement of Compliance with Applicable Servicing Criteria . 

     

    The
      Master Servicer shall deliver (and the Master Servicer shall cause any
      Additional Servicer engaged by it to deliver) to the Sponsor, the Depositor
      and
      the Trustee on or before March 15 of each year, commencing in March 2008, an
      Officer’s Certificate stating, as to the signer thereof, that (A) a review of
      such party’s activities during the preceding calendar year or portion thereof
      and of such party’s performance under this Agreement, or such other applicable
      agreement in the case of an Additional Servicer, has been made under such
      officer’s supervision and (B) to the best of such officer’s knowledge, based on
      such review, such party has fulfilled all its obligations under this Agreement,
      or such other applicable agreement in the case of an Additional Servicer, in
      all
      material respects throughout such year or portion thereof, or, if there has
      been
      a failure to fulfill any such obligation in any material respect, specifying
      each such failure known to such officer and the nature and status
      thereof.

     

    
      
        
        

      

      
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    Section
      9.27.  Merger
      or Consolidation.

     

    Any
      Person into which the Master Servicer may be merged or consolidated, or any
      Person resulting from any merger, conversion, other change in form or
      consolidation to which the Master Servicer shall be a party, or any Person
      succeeding to the business of the Master Servicer, shall be the successor to
      the
      Master 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 resulting
      Person to the Master Servicer shall be a Person that shall be qualified and
      approved to service mortgage loans for FNMA or FHLMC and shall have a net worth
      of not less than $15,000,000. Notwithstanding the foregoing, as a condition
      to
      the succession to the Master Servicer under this Agreement by any Person (i)
      into which the Master Servicer may be merged or consolidated, or (ii) which
      may
      be appointed as a successor to the Master Servicer, the Master Servicer shall
      notify the Depositor, at least 15 calendar days prior to the effective date
      of
      such succession or appointment, of such succession or appointment and shall
      furnish to the Depositor in writing and in form and substance reasonably
      satisfactory to the Depositor, all information reasonably necessary for the
      Trustee to accurately and timely report, pursuant to Section 6.20, the event
      under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under
      the Exchange Act are required to be filed under the Exchange Act). 

     

    Section
      9.28.  Resignation
      of Master Servicer.

     

    Except
      as
      otherwise provided in Sections 9.27 and 9.29 hereof, the Master Servicer shall
      not resign from the obligations and duties hereby imposed on it unless it or
      the
      Trustee determines that the Master Servicer’s duties hereunder are no longer
      permissible under applicable law or are in material conflict by reason of
      applicable law with any other activities carried on by it and cannot be cured.
      Any such determination permitting the resignation of the Master Servicer shall
      be evidenced by an Opinion of Counsel that shall be Independent to such effect
      delivered to the Trustee and the NIMS Insurer. No such resignation shall become
      effective until a period of time not to exceed 90 days after the Trustee and
      the
      NIMS Insurer receives written notice thereof from the Master Servicer and until
      the Trustee shall have assumed, or a successor master servicer shall have been
      appointed by the Trustee, such successor master servicer being acceptable to
      the
      NIMS Insurer, such consent shall not be unreasonably withheld, and until such
      successor shall have assumed, the Master Servicer’s responsibilities and
      obligations under this Agreement. Notice of such resignation shall be given
      promptly by the Master Servicer to the Depositor.

     

    Section
      9.29.  Assignment
      or Delegation of Duties by the Master Servicer.

     

    (a)  Except
      as
      expressly provided herein, the Master Servicer shall not assign or transfer
      any
      of its rights, benefits or privileges hereunder to any other Person, or delegate
      to or subcontract with, or authorize or appoint any other Person to perform
      any
      of the duties, covenants or obligations to be performed by the Master Servicer
      hereunder; provided, however, that the Master Servicer shall have the right
      without the prior written consent of the Trustee, the Depositor or the Rating
      Agencies to delegate or assign to or subcontract with or authorize or appoint
      an
      Affiliate of the Master Servicer to perform and carry out any duties, covenants
      or obligations to be performed and carried out by the Master Servicer hereunder.
      In no case, however, shall any such delegation, subcontracting or assignment
      to
      an Affiliate of the Master Servicer relieve the Master Servicer of any liability
      hereunder. Notice of such permitted assignment shall be given promptly by the
      Master Servicer to the Depositor and the Trustee. If, pursuant to any provision
      hereof, the duties of the Master Servicer are transferred to a successor master
      servicer, the entire amount of the Master Servicing Fees and other compensation
      payable to the Master Servicer pursuant hereto, including amounts payable to
      or
      permitted to be retained or withdrawn by the Master Servicer pursuant to Section
      9.21 hereof, shall thereafter be payable to such successor master
      servicer.

     

    
      
        
        

      

      
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    (b)  Notwithstanding
      the foregoing, for so long as reports are required to be filed with the
      Commission under the Exchange Act with respect to the Trust, the Master Servicer
      shall not utilize any Subcontractor for the performance of its duties hereunder
      if such Subcontractor would be “participating in the servicing function” within
      the meaning of Item 1122 of Regulation AB without (a) giving notice to the
      Trustee and the Depositor and (b) requiring any such Subcontractor to provide
      to
      the Master Servicer an attestation report as provided for in Section 9.25(b)
      and
      an assessment report as provided in Section 9.25(a), which reports the Master
      Servicer shall include in its attestation and assessment reports. 

     

    Section
      9.30.  Limitation
      on Liability of the Master Servicer and Others.

     

    (a)  The
      Master Servicer undertakes to perform such duties and only such duties as are
      specifically set forth in this Agreement.

     

    (b)  No
      provision of this Agreement shall be construed to relieve the Master Servicer
      from liability for its own negligent action, its own negligent failure to act
      or
      its own willful misconduct; provided, however, that the duties and obligations
      of the Master Servicer shall be determined solely by the express provisions
      of
      this Agreement, the Master Servicer shall not be liable except for the
      performance of such duties and obligations as are specifically set forth in
      this
      Agreement; no implied covenants or obligations shall be read into this Agreement
      against the Master Servicer and, in absence of bad faith on the part of the
      Master Servicer, the Master Servicer may conclusively rely, as to the truth
      of
      the statements and the correctness of the opinions expressed therein, upon
      any
      certificates or opinions furnished to the Master Servicer and conforming to
      the
      requirements of this Agreement.

     

    (c)  None
      of
      the Master Servicer, the Seller, any NIMS Insurer or the Depositor or any of
      the
      directors, officers, employees or agents of any of them shall be under any
      liability to the Trustee or the Certificateholders for any action taken or
      for
      refraining from the taking of any action in good faith pursuant to this
      Agreement, or for errors in judgment; provided, however, that this provision
      shall not protect the Master Servicer, the Seller, any NIMS Insurer or the
      Depositor or any such person against any liability that would otherwise be
      imposed by reason of willful misfeasance, bad faith or negligence in its
      performance of its duties or by reason of reckless disregard for its obligations
      and duties under this Agreement. The Master Servicer, the Seller, any NIMS
      Insurer and the Depositor and any director, officer, employee or agent of the
      Master Servicer shall be entitled to indemnification by the Trust Fund and
      will
      be held harmless against any loss, liability or expense incurred in connection
      with any legal action relating to this Agreement or the Certificates other
      than
      any loss, liability or expense incurred by reason of willful misfeasance, bad
      faith or negligence in the performance of his or its duties hereunder or by
      reason of reckless disregard of his or its obligations and duties hereunder.
      The
      Master Servicer, the Seller and the Depositor and any director, officer,
      employee or agent of any of them may rely in good faith on any document of
      any
      kind prima facie properly executed and submitted by any Person respecting any
      matters arising hereunder. The Master Servicer shall be under no obligation
      to
      appear in, prosecute or defend any legal action that is not incidental to its
      duties to master service the Mortgage Loans in accordance with this Agreement
      and that in its opinion may involve it in any expenses or liability; provided,
      however, that the Master Servicer may in its sole discretion undertake any
      such
      action that it may deem necessary or desirable in respect to this Agreement
      and
      the rights and duties of the parties hereto and the interests of the
      Certificateholders hereunder. In such event, the legal expenses and costs of
      such action and any liability resulting therefrom shall be expenses, costs
      and
      liabilities of the Trust Fund and the Master Servicer shall be entitled to
      be
      reimbursed therefor out of the Collection Account it maintains as provided
      by
      Section 4.02. Notwithstanding anything herein to the contrary, neither the
      Master Servicer nor the Trustee shall have any liability for the servicing
      of
      the Additional Collateral, including, without limitation, the perfection,
      continuation, partial release, release, termination, realization upon,
      substitution, foreclosure, sale, or any other matter with respect to the
      Additional Collateral, or the enforcement of the Additional Collateral Servicing
      Agreement.

     

    
      
        
        

      

      
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    Section
      9.31.  Indemnification;
      Third-Party Claims.

     

    The
      Master Servicer agrees to indemnify the Depositor, the Sponsor, the Trustee
      (including
      in its capacity as the Certificate Registrar and the Paying Agent),
      and
      their respective officers, directors, agents and affiliates, hold each of them
      harmless against any and all claims, losses, penalties, fines, forfeitures,
      reasonable legal fees and related costs, judgments, and any other costs,
      liability, fees and expenses that the Depositor, the Sponsor or the Trustee
      (including in its capacity as the Certificate Registrar and the Paying Agent)
      may sustain arising out of or based upon (a) any material breach by the Master
      Servicer of any of its obligations hereunder, including particularly its
      obligations to provide any report under Section 9.25(a), Section 9.25(b) or
      Section 9.26 or any information, data or materials required to be included
      in
      any Exchange Act report, provided, however, that in no event shall the Master
      Servicer be liable for any special, consequential, indirect or punitive damages
      pursuant to this Section 9.31, even if advised of the possibility of such
      damages, (b) any material misstatement or omission on any information, data,
      or
      materials provided by the Master Servicer, or (c) the negligence, bad faith
      or
      willful misconduct of the Master Servicer in connection with its performance
      hereunder. The Depositor, the Sponsor and the Trustee shall immediately notify
      the Master Servicer if a claim is made by a third party with respect to this
      Agreement or the Mortgage Loans entitling the Depositor, the Sponsor or the
      Trustee to indemnification hereunder, whereupon the Master Servicer shall assume
      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 them in respect of such claim. This
      indemnification shall survive the termination of this Agreement or the
      termination of the Master Servicer as a party to this Agreement.

     

    Section
      9.32.  Allocation
      to Related Mortgage Pool.

     

    
      
        
        

      

      
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    Payments
      described in this Article IX made from the Trust Fund shall be allocated and
      limited to collections or other recoveries on the related Mortgage Pool or
      Pools
      and shall be accounted for in such manner.

     

    ARTICLE
      X

     

    REMIC
      ADMINISTRATION

     

    Section
      10.01.  REMIC
      and Grantor Trust Administration.

     

    (a) REMIC
      elections for each REMIC created hereunder as set forth in the Preliminary
      Statement and this Section 10.01 shall be made on Forms 1066 or other
      appropriate federal tax or information return for the taxable year ending on
      the
      last day of the calendar year in which the Certificates are issued. For purposes
      of such elections, (i) each of the SWAP REMIC Regular Interests is hereby
      designated as a regular interest in the SWAP REMIC; (ii) each of the REMIC
      I-1
      Regular Interests is hereby designated as a regular interest in REMIC I-1;
      (iii)
      each of the REMIC I-2 Regular Interests is hereby designated as a regular
      interest in REMIC I-2; (iv) each of the REMIC I-3 Regular Interests is hereby
      designated as a regular interest in REMIC I-3; (v) each of the REMIC II-1
      Regular Interests is hereby designated as a regular interest in REMIC II-1;
      (vi)
      each of the REMIC II-2 Regular Interests is hereby designated as a regular
      interest in REMIC II-2; (vii), each of the REMIC II-3 Regular Interests is
      hereby designated as a regular interest in REMIC II-3; (viii) each of the REMIC
      III-1 Regular Interests is hereby designated as a regular interest in REMIC
      III-1; and (ix) each of the REMIC III-2 Regular Interests is hereby designated
      as a Regular Interest in REMIC III-2. The Class SW-R Interest is hereby
      designated as the sole residual interest in the SWAP REMIC. The Class LTI1-R
      Interest is hereby designated as the sole residual interest in REMIC I-1. The
      Class LTI2-R Interest is hereby designated as the sole residual interest in
      REMIC I-2. The Residual I Interest is hereby designated as the sole residual
      interest in REMIC I-3. The Class LTII1-R Interest is hereby designated as the
      sole residual interest in REMIC II-1. The Class LTII2-R Interest is hereby
      designated as the sole residual interest in REMIC II-2. The Class LTII3-R
      Interest is hereby designated as the sole residual interest in REMIC II-3.
      The
      Class LTIII1-R Interest is hereby designated as the sole residual interest
      in
      REMIC III-1. The Class LTIII2-R Interest is hereby designated s the sole
      residual interest in REMIC III-2. The Class R-I Certificate evidences ownership
      of the Class SW-R Interest, the Class LTI1-R Interest, the Class LTI2-R Interest
      and the Residual I Interest. The Class R-II Certificate evidences ownership
      of
      the Class LTII1-R Interest, the Class LTII2-R Interest and the Class LTII3-R
      Interest. The Class R-III Interest evidences ownership of the Class LTIII1-R
      Interest and the Class LTIII2-R Interest. The Class 1-AP, Class 2-AP, Class
      3-AP
      and Class 4-AP Certificates shall be neither regular interests nor residual
      interests in any REMIC created hereunder. It is the intention of the parties
      hereto that the segregated pool of assets consisting of any collections of
      Prepayment Penalty Amounts (i) related to the Mortgage Loans in Pool
      1, (ii) related to the Mortgage Loans in Pool 2, (iii) related to the Mortgage
      Loans in Pool 3; and (iv) related to the Mortgage Loans in Pool 4,
      each
      constitute a grantor trust for federal income tax purposes. The Trustee, by
      its
      execution and delivery hereof, acknowledges the assignment to it of the Grantor
      Trust Assets and declares that it holds and will hold such assets in trust
      for
      the exclusive use and benefit of all present and future Holders of the Class
      1-AP (in the case of collections of Prepayment Penalty Amounts related to Pool
      1), Class 2-AP (in the case of collections of Prepayment Penalty Amounts related
      to Pool 2) Class 3-AP (in the case of collections of Prepayment Penalty Amounts
      related to Pool 3), Class 4-AP (in the case of collections of Prepayment Penalty
      Amounts related to Pool 4) Certificates. The rights of Holders of the Class
      1-AP, Class 2-AP, Class 3-AP and Class 4-AP Certificates to receive
      distributions from the proceeds of the Grantor Trust Assets, and all ownership
      interests of such Holders in and to such distributions, shall be as set forth
      in
      this Agreement. It
      is intended that the rights of the Class X, Class 3-AX and Class 4-AX
      Certificates to receive payments in respect of FPD Premiums shall be accounted
      for as property held separate and apart from any REMIC regular interest
      represented by such Certificates. This provision is intended to satisfy the
      requirements of Treasury Regulations Section 1.860G-2(i) for the treatment
      of
      property rights coupled with REMIC interests to be separately respected and
      shall be interpreted consistently with such regulation.

     

    
      
        
        

      

      
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    The
      Class
      1-AP Certificates shall be neither regular interests nor residual interests
      in
      any REMIC created hereunder. It is the intention of the parties hereto that
      the
      segregated pool of assets consisting of any collections of Prepayment Premiums
      related to the Mortgage Loans in Pool 1 and the related Class P Reserve Fund
      distributable to the Class 1-AP Certificates shall constitute a grantor trust
      for federal income tax purposes. The Trustee, by its execution and delivery
      hereof, acknowledges the assignment to it of the rights to receive such
      Prepayment Premiums and declares that it holds and will hold such assets in
      trust for the exclusive use and benefit of all present and future Holders of
      the
      Class 1-AP Certificates. The rights of Holders of the Class 1-AP Certificates
      to
      receive distributions from the proceeds of such Prepayment Premiums, and all
      ownership interests of such Holders in and to such distributions, shall be
      as
      set forth in this Agreement.

     

    The
      Class
      2-AP Certificates shall be neither regular interests nor residual interests
      in
      any REMIC created hereunder. It is the intention of the parties hereto that
      the
      segregated pool of assets consisting of any collections of Prepayment Premiums
      related to the Mortgage Loans in Pool 2 and the related Class P Reserve Fund
      distributable to the Class 2-AP Certificates shall constitute a grantor trust
      for federal income tax purposes. The Trustee, by its execution and delivery
      hereof, acknowledges the assignment to it of the rights to receive such
      Prepayment Premiums and declares that it holds and will hold such assets in
      trust for the exclusive use and benefit of all present and future Holders of
      the
      Class 2-AP Certificates. The rights of Holders of the Class 2-AP Certificates
      to
      receive distributions from the proceeds of such Prepayment Premiums, and all
      ownership interests of such Holders in and to such distributions, shall be
      as
      set forth in this Agreement.

     

    The
      Class
      3-AP Certificates shall be neither regular interests nor residual interests
      in
      any REMIC created hereunder. It is the intention of the parties hereto that
      the
      segregated pool of assets consisting of any collections of Prepayment Premiums
      related to the Mortgage Loans in Pool 3 and the related Class P Reserve Fund
      distributable to the Class 3-AP Certificates shall constitute a grantor trust
      for federal income tax purposes. The Trustee, by its execution and delivery
      hereof, acknowledges the assignment to it of the rights to receive such
      Prepayment Premiums and declares that it holds and will hold such assets in
      trust for the exclusive use and benefit of all present and future Holders of
      the
      Class 3-AP Certificates. The rights of Holders of the Class 3-AP Certificates
      to
      receive distributions from the proceeds of such Prepayment Premiums, and all
      ownership interests of such Holders in and to such distributions, shall be
      as
      set forth in this Agreement.

     

    
      
        
        

      

      
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    The
      Class
      4-AP Certificates shall be neither regular interests nor residual interests
      in
      any REMIC created hereunder. It is the intention of the parties hereto that
      the
      segregated pool of assets consisting of any collections of Prepayment Premiums
      related to the Mortgage Loans in Pool 4 and the related Class P Reserve Fund
      distributable to the Class 4-AP Certificates shall constitute a grantor trust
      for federal income tax purposes. The Trustee, by its execution and delivery
      hereof, acknowledges the assignment to it of the rights to receive such
      Prepayment Premiums and declares that it holds and will hold such assets in
      trust for the exclusive use and benefit of all present and future Holders of
      the
      Class 4-AP Certificates. The rights of Holders of the Class 4-AP Certificates
      to
      receive distributions from the proceeds of such Prepayment Premiums, and all
      ownership interests of such Holders in and to such distributions, shall be
      as
      set forth in this Agreement.

     

    (b) The
      Closing Date is hereby designated as the “Startup Day” of each REMIC within the
      meaning of section 860G(a)(9) of the Code. The latest possible maturity date
      for
      purposes of Treasury Regulation Section 1.860G-1(a)(4) is the “Latest Possible
      Maturity Date”.

     

    (c) The
      Trustee shall represent the Trust Fund in any administrative or judicial
      proceeding relating to an examination or audit by any governmental taxing
      authority with respect thereto. The Trustee shall pay any and all tax related
      expenses (not including taxes) of each REMIC and each Grantor Trust, including
      but not limited to any professional fees or expenses related to audits or any
      administrative or judicial proceedings with respect to such REMIC or such
      Grantor Trust that involve the Internal Revenue Service or state tax
      authorities, but only to the extent that (i) such expenses are ordinary or
      routine expenses, including expenses of a routine audit but not expenses of
      litigation (except as described in (ii)); or (ii) such expenses or liabilities
      (including taxes and penalties) are attributable to the negligence or willful
      misconduct of the Trustee in fulfilling its duties hereunder (including its
      duties as tax return preparer). The Trustee shall be entitled to reimbursement
      from the Certificate Account of the expenses to the extent (x) provided in
      clause (i) above and (y) in the case of expenses relating to a REMIC provided
      for hereunder, such expenses are “unanticipated expenses” within the meaning of
      Treasury Regulations Section 1.860G-1(b)(3)(ii). Any reimbursement described
      in
      the preceding sentence shall be allocated and limited to collections or other
      recoveries on the related Mortgage Pool and shall be accounted for in such
      manner.

     

    (d) The
      Trustee shall prepare, sign and file all of each REMIC’s federal and state tax
      and information returns as such REMIC’s direct representative. The Trustee shall
      prepare, file and sign, all of the tax returns in respect of each Grantor Trust.
      The Trustee shall comply with such requirement by filing Form 1041. The expenses
      of preparing and filing such returns shall be borne by the Trustee. If any
      Disqualified Organization acquires any Ownership Interest in a Residual
      Certificate, then the Trustee will upon request provide to the Internal Revenue
      Service, and to the persons specified in Sections 860E(e)(3) and (6) of the
      Code, such information as required in Section 860D(a)(6)(B) of the Code needed
      to compute the tax imposed under Section 860E(e) of the Code on transfers of
      residual interests to disqualified organizations and the Trustee will be
      reimbursed by the Trust for all expenses incurred therewith solely from amounts
      received for the provision of such information from persons specified in
      Sections 860E(e)(3) and (6) of the Code.

     

    
      
        
        

      

      
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    (e) The
      Trustee or its designee shall perform on behalf of each REMIC and each Grantor
      Trust all reporting and other tax compliance duties that are the responsibility
      of such REMIC or Grantor Trust under the Code, the REMIC Provisions, or other
      compliance guidance issued by the Internal Revenue Service or any state or
      local
      taxing authority. Among its other duties, if required by the Code, the REMIC
      Provisions, or other such guidance, the Trustee shall provide (i) to the
      Treasury or other governmental authority such information as is necessary for
      the application of any tax relating to the transfer of a Residual Certificate
      to
      any disqualified person or organization and (ii) to the Certificateholders
      such
      information or reports as are required by the Code or REMIC
      Provisions.

     

    (f) The
      Trustee, the Master Servicer and the Holders of Certificates shall take any
      action, within their respective control and scope of their duties, or cause
      any
      REMIC hereunder to take any action necessary to create or maintain the status
      of
      such REMIC as a REMIC under the REMIC Provisions and shall assist each other
      as
      necessary to create or maintain such status. Neither the Trustee, the Master
      Servicer nor the Holder of any Residual Certificate shall take any action,
      cause
      any REMIC to take any action or fail to take (or fail to cause to be taken)
      any
      action within their respective control and scope of their duties, that, under
      the REMIC Provisions, if taken or not taken, as the case may be, could (i)
      endanger the status of any such REMIC as a REMIC or (ii) result in the
      imposition of a tax upon any such REMIC (including but not limited to the tax
      on
      prohibited transactions as defined in Code Section 860F(a)(2) and the tax on
      prohibited contributions set forth on Section 860G(d) of the Code) (either
      such
      event, an “Adverse REMIC Event”) unless the Trustee, the NIMS Insurer and the
      Master Servicer have received an Opinion of Counsel (at the expense of the
      party
      seeking to take such action) to the effect that the contemplated action will
      not
      endanger such status or result in the imposition of such a tax. In addition,
      prior to taking any action with respect to any such REMIC or the assets therein,
      or causing any such REMIC to take any action, which is not expressly permitted
      under the terms of this Agreement, any Holder of a Residual Certificate will
      consult with the Trustee, the NIMS Insurer, the Master Servicer, or their
      respective designees, in writing, with respect to whether such action could
      cause an Adverse REMIC Event to occur with respect to such REMIC, and no such
      Person shall take any such action or cause such REMIC to take any such action
      as
      to which the Trustee, the NIMS Insurer or the Master Servicer has advised it
      in
      writing that an Adverse REMIC Event could occur.

     

    (g) The
      Trustee shall prepare or cause to be prepared on behalf of the Trust Fund,
      based
      upon information calculated in accordance with this Agreement pursuant to
      instructions given by the Depositor, and further, the Trustee shall sign and
      shall file, federal tax returns (including but not limited to appropriate REMIC
      elections on Form 1066) and appropriate state income tax returns and such other
      returns as may be required by applicable law relating to the Trust Fund, and
      shall file any other documents to the extent required by applicable state tax
      law (to the extent such documents are in the Trustee’s possession). The Trustee
      shall forward copies to the Depositor of all such returns and Form 1099
      supplemental tax information and such other information within the control
      of
      the Trustee as the Depositor may reasonably request in writing, and shall
      distribute to each Certificateholder such forms and furnish such information
      within the control of the Trustee as are required by the Code and the REMIC
      Provisions to be furnished to them, and will prepare and distribute to
      Certificateholders Form 1099 (supplemental tax information) (or otherwise
      furnish information within the control of the Trustee) to the extent required
      by
      applicable law. The Master Servicer shall indemnify the Trustee for any
      liability of or assessment against the Trustee, arising out of or based on
      any
      error in any of such tax or information returns directly resulting from errors
      in the information provided by such Master Servicer.

     

    
      
        
        

      

      
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    (h) The
      Trustee shall prepare and file with the Internal Revenue Service (“IRS”), on
      behalf of each REMIC, an application on IRS Form SS-4. The Trustee, upon receipt
      from the IRS of the Notice of Taxpayer Identification Number Assigned for each
      REMIC, shall promptly forward copies of such notices to the Trustee, the Master
      Servicer and the Depositor. The Trustee will file an IRS Form 8811 for the
      REMICs created hereunder. The Trustee shall sign such forms referred to in
      this
      Section 10.01(h) as may be required under applicable law.

     

    (i) Each
      Holder of a Residual Certificate shall pay when due any and all taxes imposed
      on
      the related REMIC by federal or state governmental authorities. To the extent
      that such Trust taxes are not paid by a Residual Certificateholder, the Trustee
      shall pay any remaining REMIC taxes out of current or future amounts otherwise
      distributable to the Holder of the Residual Certificate in such REMIC or, if
      no
      such amounts are available, out of other amounts held in the Collection Account,
      and shall reduce amounts otherwise payable to holders of regular interests
      in
      such REMIC, as the case may be.

     

    (j) The
      Trustee shall, for federal income tax purposes, maintain books and records
      with
      respect to each REMIC on a calendar year and on an accrual basis.

     

    (k) No
      additional contributions of assets shall be made to any REMIC, except as
      expressly provided in this Agreement with respect to Qualified Substitute
      Mortgage Loans and any contributions from the Funding Account as provided for
      in
      Section 5.06 hereof.

     

    (l) Neither
      the Trustee nor the Master Servicer shall enter into any arrangement by which
      any REMIC will receive a fee or other compensation for services.

     

    (m) Upon
      the
      request of any Rating Agency or any NIMS Insurer, the Trustee shall deliver
      to
      such Rating Agency and to the NIMS Insurer an Officer’s Certificate stating the
      Trustee’s compliance with the provisions of this Section 10.01. 

     

    (n) The
      SWAP
      REMIC shall consist of all of the assets of the Trust Fund related to Pool
      1
      (other than (i) the Swap Agreement, (ii) the Supplemental Interest Trust, (iii)
      the Interest Rate Cap Agreement, (iv) the Basis Risk Reserve Fund, (v) the
      rights to receive Prepayment Penalty Amounts distributable to the Class P
      Certificates and the Class P Reserve Funds, (vi) the Funding Account and 1-X
      Component Account, (vii) the Lower Tier Interests, (viii) the right to receive
      FPD Premiums and (ix) any of the grantor trusts described in Section 10.01
      hereof. The SWAP REMIC Regular Interests shall be designated as the regular
      interests in the SWAP REMIC, and the Class SW-R Interest shall be designated
      as
      the sole class of residual interest in the SWAP REMIC. Each of the SWAP REMIC
      Regular Interests shall have the characteristics set forth in the Preliminary
      Statement.

     

    REMIC
      I-1
      shall consist of the SWAP REMIC Regular Interests. The REMIC I-1 Regular
      Interests shall be designated as the regular interests in REMIC I-1, and the
      Class LTI1-R Interest shall be designated as the sole class of residual interest
      in REMIC I-1. Each of the REMIC I-1 Regular Interests shall have the
      characteristics set forth in the Preliminary Statement.

     

    
      
        
        

      

      
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    The
      assets of REMIC I-2 shall be the REMIC I-1 Regular Interests. The REMIC I-2
      Regular Interests shall be designated as the regular interests in REMIC I-2
      and
      the Class LTI2-R Interest shall be designated as the sole class of residual
      interest in REMIC I-2. Each
      of the REMIC I-2 Regular Interests shall have the characteristics set forth
      in
      the Preliminary Statement.

     

    The
      assets of REMIC I-3 shall be the REMIC I-2 Regular Interests. The REMIC I-3
      Regular Interests shall be designated as the regular interests in REMIC I-3
      and
      the Residual I Interest shall be designated as the sole class of residual
      interest in REMIC I-3. For federal income tax purposes, the interest rate on
      each REMIC I-3 Regular Interest (other than the Uncertificated Class 1-X
      Interest,
      other than the Class LTI3-1AX1 Interest, other than the Class LTI3-1AX2
      Interest
      and
      other than the Class LTI3-IO Interest) shall be subject to a cap equal to the
      REMIC Pass-Through Rate.

     

    The
      beneficial ownership of the Class SW-R Interest, the Class LTI1-R Interest,
      the
      Class LTI2-R Interest and the Residual I Interest shall be represented by the
      Class R-I Certificate. None of the Class SW-R Interest, the Class LTI1-R
      Interest, the Class LTI2-R Interest and the Residual I Interest shall have
      a
      principal balance or bear interest.

     

    REMIC
      II-1 shall consist of all of the assets of the Trust Fund related to Pool 2
      and
      Pool 3 (other than the rights to receive Prepayment Penalty Amounts
      distributable to the Class 2-AP and Class 3-AP Certificates and the Class P
      Reserve Funds, the Funding Account and the right to receive FPD Premiums).
      The
      REMIC II-1 Regular Interests shall be designated as the regular interests in
      REMIC II-1, and the Class LTII1-R Interest shall be designated as the sole
      class
      of residual interest in REMIC II-1. 

     

    The
      assets of REMIC II-2 shall be the REMIC II-1 Regular Interests. The REMIC II-2
      Regular Interests shall be designated as the regular interests in REMIC II-2
      and
      the Class LTII2-R Interest shall be designated as the sole class of residual
      interest in REMIC II-2.

     

    The
      assets of REMIC II-3 shall be the REMIC II-2 Regular Interests. The REMIC II-3
      Regular Interests shall be designated as the regular interests in REMIC II-3
      and
      the Class LTII3-R Interest shall be designated as the sole class of residual
      interest in REMIC II-3 

     

    The
      beneficial ownership of the Class LTII1-R Interest, Class LTII2-R Interest
      and
      Class LTII3-R Interest shall be represented by the Class R-II Certificate.
      The
      entitlement of the Class R-II Certificate to payments of principal and interest
      shall be attributable to its representation of the Class LTII3-R
      Interest.

     

    REMIC
      III-1 shall consist of all the assets of the Trust Fund related to Pool 4 (other
      than the right receive Prepayment Penalty Amounts distributable to the Class
      4-AP Certificates and the Class P Reserve Funds, the Funding Account and the
      right to receive FPD Premiums). The REMIC III-1 Regular Interests shall be
      designated as the regular interests in REMIC III-1, and the Class LTIII1-R
      Interest shall be designated as the sole class of residual interest in REMIC
      III-1.

     

    The
      assets of REMIC III-2 shall consist of the REMIC III-1 Regular Interests. The
      REMIC III-2 Regular Interests shall be designated as the regular interests
      in
      REMIC III-2. The Class LTIII2-R Interest shall be designated as the sole class
      of residual interest in REMIC III-2.

     

    
      
        
        

      

      
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    The
      beneficial ownership of the Class LTIII1-R Interest and the Class LTIII2-R
      Interest shall be represented by the Class R-III Certificate. The entitlement
      of
      the Class R-III Certificate to payment of principal and interest shall be
      attributable to its representation of the Class LTIII2-R Interest.

     

    (o) It
      is
      intended that the rights of each Class of Group I Certificates to receive
      payments in respect of Excess Interest shall be treated as a right in interest
      rate cap contracts written by the holders of the Class X Certificates in favor
      of the holders of each Class of the Group I Certificates and such shall be
      accounted for as property held separate and apart from the regular interests
      in
      REMIC I-3 held by the holders of the Group I Certificates. This provision is
      intended to satisfy the requirements of Treasury Regulations Section 1.860G-2(i)
      for the treatment of property rights coupled with REMIC interests to be
      separately respected and shall be interpreted consistently with such regulation.
      On each Distribution Date, to the extent that any of the Group I Certificates
      receive payments in respect of Excess Interest, such amounts, to the extent
      not
      derived from payments on the Interest Rate Cap Agreement or from payments on
      the
      Swap Agreement, will be treated as distributed by REMIC I-3 to the Class X
      Certificates in
      respect of the Uncertificated Class 1-X Interest pro
      rata
      and then
      paid to the relevant Class of Group I Certificates pursuant to the related
      interest cap agreement. The Trustee is hereby directed to perform its duties
      and
      obligations in accordance with this Section 10.01(o).

     

    It
      is
      intended that the beneficial owners of the Group I Certificates shall be treated
      as having entered into a notional principal contract with respect to the
      beneficial owners of the Class X Certificates. Pursuant to each such notional
      principal contract, all beneficial owners of the Group I Certificates shall
      be
      treated as having agreed to pay, on each Distribution Date, to the beneficial
      owners of the Class X Certificates an aggregate amount equal to the excess,
      if
      any, of (i) the amount payable on such Distribution Date on the Related REMIC
      I-3 Interest corresponding to such Class of Group I Certificates over (ii)
      the
      amount payable on such Class of Group I Certificates on such Distribution
      Date(such
      excess, a “Class I Shortfall”). A Class I Shortfall shall be allocated to each
      Class of Group I Certificates to the extent that (i)
      in the case of any Class of Group I Certificates other than the Class 1-AX
      Certificates,
      interest accrued on such Class for the related Accrual Period at the Certificate
      Interest Rate for a Class, computed by substituting “REMIC Pass-Through Rate”
for the Net Funds Cap set forth in the definition thereof, exceeds the amount
      of
      interest payable on such Certificate for the related Accrual Period and
      (ii) in the case of the Class 1-AX Certificates, the
      amount interest accrued on the REMIC I-3 Regular Interests represented thereby
      exceeds the amount of interest payable on such Certificate for the related
      Accrual Period. A Class I Shortfall payable from principal collections shall
      be
      allocated to the most subordinate Class of Group I Certificates with an
      outstanding principal balance to the extent of such balance. In addition,
      pursuant to such notional principal contract, the beneficial owner of the Class
      X Certificates shall be treated as having agreed to make payments in respect
      of
      Excess Interest to the beneficial holders of the Group I Certificates in
      accordance with the terms of this Agreement. Any payments to the Group I
      Certificates in light of the foregoing shall not be payments with respect to
      a
“regular interest” in a REMIC within the meaning of Code Section 860G(a)(1).
      However, any payment by beneficial owners of Group I Certificates of a Class
      I
      Shortfall shall be treated for tax purposes as having been received by the
      beneficial owners of such Certificates in respect of their interests in REMIC
      I-3 and as having been paid by such beneficial owners to the Class X
      Certificates pursuant to the notional principal contract. Thus, each Group
      I
      Certificate and each Class X Certificate shall be treated as representing not
      only ownership of regular interests in REMIC I-3, but also ownership of an
      interest in (and obligations with respect to) a notional principal
      contract.

     

    
      
        
        

      

      
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    (p) The
      parties hereto intend that the Uncertificated Class 1-X Interest, the
      uncertificated Class LTI3-IO Interest, the Interest Rate Cap Agreement, the
      Swap
      Agreement, the Supplemental Interest Trust, the right to receive payments in
      respect of Class I Shortfalls from the holders of the Group I Certificates,
      the
      Basis Risk Reserve Fund, the obligation of the holders of the Class X
      Certificates to pay amounts of Excess Interest to the holders of the Group
      I
      Certificates and the right to receive FPD Premiums with respect to Pool 1 shall
      be treated as a “grantor trust” under the Code, and the provisions hereof shall
      be interpreted consistently with this intention. In furtherance of such
      intention, the Trustee shall (i) furnish or cause to be furnished to the holders
      of the Class X Certificates information regarding their allocable share, if
      any,
      of the income with respect to such grantor trust, (ii) file or cause to be
      filed
      with the Internal Revenue Service Form 1041 (together with any necessary
      attachments) and such other forms as may be applicable and (iii) comply with
      such information reporting obligations with respect to payments from such
      grantor trust to the holders of Group I Certificates and Class X Certificates
      as
      may be applicable under the Code. The Trustee is hereby directed to perform
      its
      duties and obligations in accordance with this Section 10.01(p).

     

    The
      parties intend that all amounts paid to the Swap Counterparty under the Swap
      Agreement shall be deemed for federal income tax purposes to be paid by the
      Class X Certificates first, out of funds deemed received in respect of the
      Class
      LTI3-IO Interest, second, out of funds deemed received in respect of the
      Uncertificated Class 1-X Interest and third, out of funds deemed received in
      respect of Class I Shortfalls described in Section 10.01(o), and the provisions
      hereof shall be interpreted consistently with this intention. 

     

    The
      Supplemental Interest Trust shall be an “outside reserve fund” for federal
      income tax purposes and not an asset of any REMIC. Furthermore, the Holders
      of
      the Class X Certificates shall be the beneficial owners of the Supplemental
      Interest Trust for all federal income tax purposes, and shall be taxable on
      all
      income earned thereon.

     

    (q) [Reserved.]

     

    (r) Payments
      in the nature of expenses, reimbursements and indemnifications made from the
      Trust Fund shall be allocated and limited to collections or other recoveries
      on
      the related Mortgage Pool or Mortgage Pools (if applicable) and shall be
      accounted for in such manner.

     

    (s) The
      Trustee shall treat the 1-X Component Account as an outside reserve fund within
      the meaning of Treasury Regulation 1.860G-2(h) that is owned by the Holder
      of
      the Class C Certificates and that is not an asset of any REMIC. 

     

    (t) The
      SWAP REMIC:
      On each
      Distribution Date, the Trustee shall first pay or charge as an expense of the
      SWAP REMIC all expenses of the Trust Fund related to Pool 1 for such
      Distribution Date, other than any Net Swap Payment or Swap Termination Payment
      required to be made from the Trust Fund.

     

    
      
        
        

      

      
        194

        
          

        

      

      
        
        

      

    

     

    On
      each
      Distribution Date the Trustee shall distribute the aggregate Interest Remittance
      Amount for Group I (net of expenses described in the preceding paragraph) with
      respect to each of the SWAP REMIC Regular Interests based on the interest rates
      for such interests set forth in the Preliminary Statement hereto.

     

    On
      each
      Distribution Date, the Trustee shall distribute the aggregate Principal
      Remittance Amount for Group I with respect to the SWAP REMIC Regular Interests,
      first to the Class SW-Z Interest until its principal balance is reduced to
      zero,
      and then sequentially, to the other SWAP REMIC Regular Interests in ascending
      order of their numerical class designation, and, with respect to each pair
      of
      classes having the same numerical designation, in equal amounts to each such
      class, until the principal balance of each such class is reduced to zero. All
      losses on the Mortgage Loans in Pool 1 shall be allocated among the SWAP REMIC
      Regular Interests in the same manner that principal distributions are allocated.
      Increases in principal amount as a result of Subsequent Recoveries with respect
      to the Mortgage Loans in Pool 1 shall be allocated among the SWAP REMIC Regular
      Interests in the reverse fashion from the manner in which losses are allocated.
      Any amounts remaining in the SWAP REMIC after the aforementioned distributions
      shall be distributed to the Class SW-R Interest.

     

    REMIC
      I-1:
      All
      payments received by REMIC I-1 with respect to the SWAP REMIC Regular Interests
      shall be paid to the REMIC I-1 Regular Interests until the principal balance
      of
      all such interests have been reduced to zero and any losses allocated to such
      interests have been reimbursed. Any excess amounts shall be distributed to
      the
      Class LTI1-R Interest. 

     

    On
      each
      Distribution Date,

     

    (i)  interest
      shortfalls with respect to the Mortgage Loans in Pool 1 shall be allocated
      to
      the REMIC I-1 Regular Interests (other than the Class LTI1-IO Interest)
pro
      rata
      based on
      interest otherwise accrued thereon;

     

    (ii)  the
      principal balance of each REMIC I-1 Regular Interest shall be increased by
      the
      amount of interest accrued thereon (net of interest shortfalls allocated thereto
      pursuant to the immediately preceding clause (i));

     

    (iii)  cash
      received by REMIC I-1 with respect to the SWAP REMIC Regular Interests shall
      be
      distributed first to the Class LTI1-IO Interest in reduction of its principal
      balance so that its principal balance is as close as possible to zero. Any
      remaining cash shall be distributed to, and losses with respect to the Mortgage
      Loans in Pool 1 shall be allocated, first, to each of the REMIC I-1 Marker
      Classes, in reduction of its principal balance so that its principal balance
      is
      a close as possible to 50% of the principal balance of its Corresponding Class,
      and second, to
      the
      Class LTI1-X Interest in reduction of its principal balance so that its
      principal balance is as close as possible to the sum of (x) 50% of the aggregate
      Scheduled Principal Balance of the Mortgage Loans in Pool 1 and (y) 50% of
      the
      Overcollateralization Amount with respect to Pool 1.

     

    If
      on any
      Distribution Date there is an increase in the Certificate Principal Amount
      of
      any Group I Certificate as a result of the proviso in the definition of
      Certificate Principal Amount, then there shall be a corresponding increase
      in
      the principal amount of the REMIC I-1 Regular Interests allocated as
      follows:

     

    
      
        
        

      

      
        195

        
          

        

      

      
        
        

      

    

     

    first,
      to each
      of the REMIC I-1 Regular Interests (other than the Class LTI1-X Interest and
      other than the Class LTI1-IO Interest) so that the principal balance of each
      such interest is as close as possible to 50% of the principal balances of its
      Corresponding Class; and

     

    second,
      to the
      Class LTI1-X Interest so that the principal balance of such interest is as
      close
      as possible to the sum of (x) 50% of the aggregate Scheduled Principal Balance
      of the Mortgage Loans in Pool 1 and (y) 50% of the Overcollateralization Amount
      with
      respect to Pool 1.

     

    REMIC
      I-2:
      All payments received by REMIC I-2 with respect to the REMIC I-1 Regular
      Interests shall be paid to the REMIC I-2 Regular Interests until the principal
      balance of all such interests have been reduced to zero and any losses allocated
      to such interests have been reimbursed. Any excess amounts shall be distributed
      to the Class LTI2-R Interest. 

     

    On
      each
      Distribution Date,

     

    (iv)  interest
      shortfalls with respect to the Mortgage Loans in Pool 1 shall be allocated
      to
      the REMIC I-2 Regular Interests (other than the Class LTI2-IO Interest)
pro
      rata
      based on
      interest otherwise accrued thereon;

     

    (v)  the
      principal balance of each REMIC I-2 Regular Interest shall be increased by
      the
      amount of interest accrued thereon (net of interest shortfalls allocated thereto
      pursuant to the immediately preceding clause (i));

     

    (vi)  cash
      received by REMIC I-2 with respect to the REMIC I-1 Regular Interests shall
      be
      distributed first to the Class LTI2-IO Interest in reduction of its principal
      balance so that its principal balance is as close as possible to zero. Any
      remaining cash shall be distributed to, and losses with respect to the Mortgage
      Loans in Pool 1 shall be allocated, first, to each of the other classes of
      REMIC
      I-2 Regular Interests (other than the Class LTI2-X Interest), in reduction
      of
      its principal balance so that its principal balance is a close as possible
      to
      the principal balance of its Related Certificates, and second, to
      the
      Class LTI2-X Interest in reduction of its principal balance so that its
      principal balance is as close as possible to the Overcollateralization Amount
      with respect to Pool 1.

     

    If
      on any
      Distribution Date there is an increase in the Certificate Principal Amount
      of
      any Group I Certificate as a result of the proviso in the definition of
      Certificate Principal Amount, then there shall be a corresponding increase
      in
      the principal amount of the REMIC I-2 Regular Interests allocated as
      follows:

     

    first,
      to each
      of the REMIC I-2 Regular Interests (other than the Class LTI2-X Interest and
      other than the Class LTI2-IO Interest) so that the principal balance of each
      such interest is as close as possible to the principal balances of its Related
      Certificates; and

     

    second,
      to the
      Class LTI2-X Interest so that the principal balance of such interest is as
      close
      as possible to the Overcollateralization Amount with respect to Pool
      1

     

    
      
        
        

      

      
        196

        
          

        

      

      
        
        

      

    

     

    (u) Notwithstanding
      the priority and sources of payments set forth in Article 5 hereof or otherwise,
      the Trustee shall account for all distributions with respect to a Class of
      Group
      I Certificates in amounts that differ from those payable pursuant to the regular
      interest or interests in REMIC I-3 corresponding to such Class as amounts paid
      or received (as appropriate) pursuant to the interest rate cap contracts or
      notional principal contracts provided for in this Section. In no event shall
      any
      such amounts be treated as payments with respect to a “regular interest” in a
      REMIC within the meaning of Code Section 860G(a)(1).

     

    

    Section
      10.02.  Prohibited
      Transactions and Activities.

     

    Neither
      the Depositor, the Master Servicer nor the Trustee shall sell, dispose of,
      or
      substitute for any of the Mortgage Loans, except in a disposition pursuant
      to
      (i) the foreclosure of a Mortgage Loan, (ii) the bankruptcy of the Trust Fund,
      (iii) the termination of the REMIC holding such Mortgage Loan pursuant to
      Article VII of this Agreement, (iv) a substitution pursuant to Article II of
      this Agreement, or (v) a repurchase of Mortgage Loans pursuant to Article II
      of
      this Agreement, nor acquire any assets for any REMIC, nor sell or dispose of
      any
      investments in the Certificate Account for gain, nor accept any contributions
      to
      any REMIC after the Closing Date (other than, if applicable, any contributions
      from the Funding Account as provided in Section 5.06 hereof), unless it has
      received an Opinion of Counsel (at the expense of the party causing such sale,
      disposition, or substitution), a copy of which shall be provided to any NIMS
      Insurer, that such disposition, acquisition, substitution, or acceptance will
      not (a) affect adversely the status of such REMIC as a REMIC or of the
      Certificates other than the Residual Certificates as the regular interests
      therein, (b) affect the distribution of interest or principal on the
      Certificates, (c) result in the encumbrance of the assets transferred or
      assigned to the Trust Fund (except pursuant to the provisions of this Agreement)
      or (d) cause such REMIC to be subject to a tax on prohibited transactions or
      prohibited contributions pursuant to the REMIC Provisions.

     

    Section
      10.03.  Indemnification
      with Respect to Certain Taxes and Loss of REMIC Status.

     

    In
      the
      event that a REMIC fails to qualify as a REMIC, loses its status as a REMIC,
      or
      incurs federal, state or local taxes as a result of a prohibited transaction
      or
      prohibited contribution under the REMIC Provisions due to the negligent
      performance by the Trustee of its duties and obligations set forth herein,
      the
      Trustee shall indemnify the NIMS Insurer and the Holder of the related Residual
      Certificate against any and all losses, claims, damages, liabilities or expenses
      (“Losses”) resulting from such negligence; provided, however, that the Trustee
      shall not be liable for any such Losses attributable to the action or inaction
      of the Master Servicer, the NIMS Insurer, the Depositor, or the Holder of such
      Residual Certificate or any other party, as applicable, nor for any such Losses
      resulting from misinformation provided by the Master Servicer, the Holder of
      such Residual Certificate on which the Trustee has relied. The foregoing shall
      not be deemed to limit or restrict the rights and remedies of the Holder of
      such
      Residual Certificate now or hereafter existing at law or in equity.
      Notwithstanding the foregoing, however, in no event shall the Trustee have
      any
      liability pursuant to this Section 10.03 (1) for any action or omission that
      is
      taken in accordance with and in compliance with the express terms of, or which
      is expressly permitted by the terms of, this Agreement, (2) for any Losses
      other
      than arising out of a negligent performance by the Trustee of its duties and
      obligations set forth herein, and (3) for any special or consequential damages
      to Certificateholders (in addition to payment of principal and interest on
      the
      Certificates).

     

    
      
        
        

      

      
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    Section
      10.04.  REO
      Property.

     

    (a)  Notwithstanding
      any other provision of this Agreement, the Master Servicer, acting on behalf
      of
      the Trustee hereunder, shall not (except to the extent provided in the
      applicable Servicing Agreement), knowingly permit any Servicer to, rent, lease,
      or otherwise earn income or otherwise take or fail to take any action on behalf
      of any REMIC with respect to any REO Property which might cause such REO
      Property to fail to qualify as “foreclosure” property within the meaning of
      section 860G(a)(8) of the Code or result in the receipt by any REMIC of any
      “income from non-permitted assets” within the meaning of section 860F(a)(2) of
      the Code or any “net income from foreclosure property” which is subject to tax
      under the REMIC Provisions unless the Master Servicer has advised, or has caused
      the applicable Servicer to advise, the Trustee in writing to the effect that,
      under the REMIC Provisions, such action would not adversely affect the status
      of
      any REMIC as a REMIC and any income generated for such REMIC by the REO Property
      would not result in the imposition of a tax upon such REMIC.

     

    (b)  The
      Master Servicer shall make, or shall cause the applicable Servicer to make,
      reasonable efforts to sell any REO Property for its fair market value. In any
      event, however, the Master Servicer shall, or shall cause the applicable
      Servicer to, dispose of any REO Property within three years from the end of
      the
      calendar year of its acquisition by the Trust Fund unless the Master Servicer
      has received a grant of extension from the Internal Revenue Service to the
      effect that, under the REMIC Provisions and any relevant proposed legislation
      and under applicable state law, the applicable REMIC may hold REO Property
      for a
      longer period without adversely affecting the REMIC status of such REMIC or
      causing the imposition of a Federal or state tax upon such REMIC. If such an
      extension has been received, then (a) the Master Servicer shall provide a copy
      of such extension to the Trustee and (b) the Master Servicer, acting on behalf
      of the Trustee hereunder, shall, or shall cause the applicable Servicer to,
      continue to attempt to sell the REO Property for its fair market value for
      such
      period longer than three years as such extension permits (the “Extended
      Period”). If the Master Servicer has not received such an extension, or the
      Master Servicer is acting on behalf of the Trustee hereunder, or the applicable
      Servicer is unable to sell the REO Property within 33 months after its
      acquisition by the Trust Fund or if the Trustee has received such an extension,
      and the Trustee, or the Master Servicer acting on behalf of the Trustee
      hereunder, is unable to sell the REO Property within the period ending three
      months before the close of the Extended Period, the Master Servicer shall,
      or
      shall cause the applicable Servicer to, before the end of the three year period
      or the Extended Period, as applicable, (i) purchase such REO Property at a
      price
      equal to the REO Property’s fair market value or (ii) auction the REO Property
      to the highest bidder (which may be the Master Servicer) in an auction
      reasonably designed to produce a fair price prior to the expiration of the
      three-year period or the Extended Period, as the case may be.

     

    
      ARTICLE
        XI

       

      MISCELLANEOUS
        PROVISIONS

       

      Section
        11.01.  Binding
        Nature of Agreement; Assignment.

    

    
      
        
        

      

      
        198

        
          

        

      

      
        
        

      

    

     

     

    This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and permitted assigns.

     

    Section
      11.02.  Entire
      Agreement.

     

    This
      Agreement contains the entire agreement and understanding among the parties
      hereto with respect to the subject matter hereof, and supersedes all prior
      and
      contemporaneous agreements, understandings, inducements and conditions, express
      or implied, oral or written, of any nature whatsoever with respect to the
      subject matter hereof. The express terms hereof control and supersede any course
      of performance and/or usage of the trade inconsistent with any of the terms
      hereof.

     

    Section
      11.03.  Amendment.

     

    (a)  This
      Agreement may be amended from time to time by the Depositor, the Master Servicer
      and the Trustee, with the consent of the NIMS Insurer, but without the consent
      of any Holders or the Swap Counterparty (except to the extent that the rights
      or
      obligations of (1) the Swap Counterparty hereunder or (2) the Swap Counterparty
      under the Swap Agreement (or the ability of the Trustee on behalf of the
      Supplemental Interest Trust) to perform fully and timely its obligations under
      the Swap Agreement are affected thereby, in which case the prior written consent
      of the Swap Counterparty is required), (i) to cure any ambiguity, (ii) to cause
      the provisions herein to conform to or be consistent with or in furtherance
      of
      the statements made with respect to the Certificates, the Trust Fund or this
      Agreement in any Offering Document; or to correct or supplement any provision
      herein which may be inconsistent with any other provisions herein or with the
      provisions of any Servicing Agreement, (iii) to make any other provisions with
      respect to matters or questions arising under this Agreement or (iv) to add,
      delete, or amend any provisions to the extent necessary or desirable to comply
      with any requirements imposed by the Code and the REMIC Provisions as evidenced
      by an Opinion of Counsel. No such amendment effected pursuant to the preceding
      sentence shall, as evidenced by an Opinion of Counsel, result in an Adverse
      REMIC Event, nor shall such amendment effected pursuant to clause (iii) of
      such
      sentence adversely affect in any material respect the interests of any Holder.
      Prior to entering into any amendment without the consent of Holders pursuant
      to
      this paragraph, the Trustee, the Swap Counterparty and the NIMS Insurer may
      require an Opinion of Counsel (at the expense of the party requesting such
      amendment) to the effect that such amendment is permitted under this Section.
      Any such amendment shall be deemed not to adversely affect in any material
      respect any Holder, if the Trustee and the NIMS Insurer receive written
      confirmation from each Rating Agency that such amendment will not cause such
      Rating Agency to reduce, qualify or withdraw the then current rating assigned
      to
      the Certificates (and any Opinion of Counsel requested by the Trustee in
      connection with any such amendment may rely expressly on such confirmation
      as
      the basis therefor).

     

    (b)  This
      Agreement may also be amended from time to time by the Depositor, the Master
      Servicer, the NIMS Insurer and the Trustee, but without the consent of the
      Swap
      Counterparty (except to the extent that the rights or obligations of (1) the
      Swap Counterparty hereunder or (2) the Swap Counterparty under the Swap
      Agreement (or the ability of the Trustee on behalf of the Supplemental Interest
      Trust) to perform fully and timely its obligations under the Swap Agreement
      are
      affected thereby, in which case the prior written consent of the Swap
      Counterparty is required) with the consent of the Holders of not less than
      66
      2/3% of the Class Principal Amount (or Percentage Interest) of each Class of
      Certificates affected thereby for the purpose of adding any provisions to or
      changing in any manner or eliminating any of the provisions of this Agreement
      or
      of modifying in any manner the rights of the Holders; provided, however, that
      no
      such amendment shall be made unless the Trustee receives an Opinion of Counsel
      addressed to the Trustee and the NIMS Insurer, at the expense of the party
      requesting the change, that such change will not cause an Adverse REMIC Event;
      and provided further, that no such amendment may (i) reduce in any manner the
      amount of, or delay the timing of, payments received on Mortgage Loans which
      are
      required to be distributed on any Certificate, without the consent of the Holder
      of such Certificate or (ii) reduce the aforesaid percentages of Class Principal
      Amount (or Percentage Interest) of Certificates of each Class, the Holders
      of
      which are required to consent to any such amendment without the consent of
      the
      Holders of 100% of the Class Principal Amount (or Class Notional Amount or
      Percentage Interest) of each Class of Certificates affected thereby. For
      purposes of this paragraph, references to “Holder” or “Holders” shall be deemed
      to include, in the case of any Class of Book-Entry Certificates, the related
      Certificate Owners.

     

    
      
        
        

      

      
        199

        
          

        

      

      
        
        

      

    

     

    (c)  Promptly
      after the execution of any such amendment, the Trustee shall furnish written
      notification of the substance of such amendment to each Holder, the NIMS
      Insurer, the Depositor, the Swap Counterparty and to the Rating
      Agencies.

     

    (d)  It
      shall
      not be necessary for the consent of Holders under this Section 11.03 to approve
      the particular form of any proposed amendment, but it shall be sufficient if
      such consent shall approve the substance thereof. The manner of obtaining such
      consents and of evidencing the authorization of the execution thereof by Holders
      shall be subject to such reasonable regulations as the Trustee may
      prescribe.

     

    (e)  Notwithstanding
      anything to the contrary in any Servicing Agreement, the Trustee shall not
      consent to any amendment of any Servicing Agreement unless (i) such amendment
      is
      effected pursuant to the standards provided in this Section with respect to
      amendment of this Agreement and (ii) except for a Permitted Servicing Amendment,
      any such amendment pursuant to Section 11.03(a)(iii) shall not be materially
      inconsistent with the provisions of such Servicing Agreement.

     

    (f)  Notwithstanding
      anything to the contrary in this Section 11.03, this Agreement may be amended
      from time to time by the Depositor, the Master Servicer and the Trustee to
      the
      extent necessary, in the judgment of the Depositor and its counsel, to comply
      with the Securities Exchange Act of 1934, Regulation AB and any related rules
      and regulations.

     

    Section
      11.04.  Voting
      Rights.

     

    Except
      to
      the extent that the consent of all affected Certificateholders is required
      pursuant to this Agreement, with respect to any provision of this Agreement
      requiring the consent of Certificateholders representing specified percentages
      of aggregate outstanding Certificate Principal Amount (or Notional Amount or
      Percentage Interest), Certificates owned by the Depositor, the Master Servicer,
      the Trustee or any Servicer or Affiliates thereof are not to be counted so
      long
      as such Certificates are owned by the Depositor, the Master Servicer, the
      Trustee or any Servicer or Affiliates thereof.

     

    
      
        
        

      

      
        200

        
          

        

      

      
        
        

      

    

     

    Section
      11.05.  Provision
      of Information.

     

    (a)  For
      so
      long as any of the Certificates of any Series or Class are “restricted
      securities” within the meaning of Rule 144(a)(3) under the Act, each of the
      Depositor, the Master Servicer and the Trustee agree to cooperate with each
      other to provide to any Certificateholders and to any prospective purchaser
      of
      Certificates designated by such Certificateholder, upon the request of such
      Certificateholder or prospective purchaser, any information required to be
      provided to such holder or prospective purchaser to satisfy the condition set
      forth in Rule 144A(d)(4) under the Act. Any reasonable, out-of-pocket expenses
      incurred by the Trustee in providing such information shall be reimbursed by
      the
      Depositor.

     

    (b)  The
      Trustee will make available to any person to whom a Prospectus was delivered,
      upon the request of such person specifying the document or documents requested,
      (i) a copy (excluding exhibits) of any report on Form 8-K, Form 10-D or Form
      10-K filed with the Securities and Exchange Commission pursuant to Section
      6.20(c) and (ii) a copy of any other document incorporated by reference in
      the
      Prospectus to the extent that the Trustee has such documents in its possession
      or such documents are reasonably attainable by Trustee. Any reasonable
      out-of-pocket expenses incurred by the Trustee in providing copies of such
      documents shall be reimbursed by the Depositor.

     

    Section
      11.06.  Governing
      Law.

     

    THIS
      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 SUCH LAWS WITHOUT REGARD TO CONFLICT OF LAWS
      PRINCIPLES APPLIED IN NEW YORK (OTHER THAN SECTION 5-1401 OF THE GENERAL
      OBLIGATIONS LAW).

     

    Section
      11.07.  Notices.

     

    All
      demands, notices and communications hereunder shall be in writing and shall
      be
      deemed to have been duly given when delivered to such party at the relevant
      address, facsimile number or electronic mail address set forth below (or at
      such
      other address, facsimile number or electronic mail address as such party may
      designate from time to time by written notice in accordance with this
      Section 11.07): received by (a) in the case of the Depositor, Structured
      Asset Securities Corporation, 745 Seventh Avenue, 7th Floor, New York, New
      York
      10019, Attention: Mark Zusy, (b) in the case of the Certificate Registrar,
      its
      Corporate Trust Office, (c) in the case of the Trustee, the Corporate Trust
      Office, (d) in the case of the NIMS Insurer, if any, as set forth in the
      Indenture, (e) in the case of the Swap Counterparty, at the address therefore
      set forth in the Swap Agreement and (f) in the case of the Master Servicer,
      Aurora Loan Services LLC, 10350 Park Meadows Drive, Littleton, Colorado 80124;
      Attention: Master Servicing or as to each party such other address as may
      hereafter be furnished by such party to the other parties in writing. Any notice
      required or permitted to be mailed to a Holder shall be given by first class
      mail, postage prepaid, at the address of such Holder as shown in the Certificate
      Register. Any notice so mailed within the time prescribed in this Agreement
      shall be conclusively presumed to have been duly given, whether or not the
      Holder receives such notice.

     

    
      
        
        

      

      
        201

        
          

        

      

      
        
        

      

    

     

    Section
      11.08.  Severability
      of Provisions.

     

    If
      any
      one or more of the covenants, agreements, provisions or terms of this Agreement
      shall be for any reason whatsoever held invalid, then such covenants,
      agreements, provisions or terms shall be deemed severable from the remaining
      covenants, agreements, provisions or terms of this Agreement and shall in no
      way
      affect the validity or enforceability of the other provisions of this Agreement
      or of the Certificates or the rights of the Holders thereof.

     

    Section
      11.09.  Indulgences;
      No Waivers.

     

    Neither
      the failure nor any delay on the part of a party to exercise any right, remedy,
      power or privilege under this Agreement shall operate as a waiver thereof,
      nor
      shall any single or partial exercise of any right, remedy, power or privilege
      preclude any other or further exercise of the same or of any other right,
      remedy, power or privilege, nor shall any waiver of any right, remedy, power
      or
      privilege with respect to any occurrence be construed as a waiver of such right,
      remedy, power or privilege with respect to any other occurrence. No waiver
      shall
      be effective unless it is in writing and is signed by the party asserted to
      have
      granted such waiver.

     

    Section
      11.10.  Headings
      Not To Affect Interpretation.

     

    The
      headings contained in this Agreement are for convenience of reference only,
      and
      they shall not be used in the interpretation hereof.

     

    Section
      11.11.  Benefits
      of Agreement.

     

    Nothing
      in this Agreement or in the Certificates, express or implied, shall give to
      any
      Person, other than the parties to this Agreement and their successors hereunder,
      the Swap Counterparty and its successors and assigns under the Swap Agreement,
      the Holders of the Certificates, any benefit or any legal or equitable right,
      power, remedy or claim under this Agreement, except to the extent specified
      in
      Section 11.14.

     

    Section
      11.12.  Special
      Notices to the Rating Agencies, the Swap Counterparty and NIMS
      Insurer.

     

    (a)  The
      Depositor shall give prompt notice to the Rating Agencies and the Swap
      Counterparty of the occurrence of any of the following events of which it has
      notice:

     

    (i)  any
      amendment to this Agreement pursuant to Section 11.03;

     

    (ii)  any
      Assignment by the Master Servicer of its rights hereunder or delegation of
      its
      duties hereunder;

     

    (iii)  the
      occurrence of any Event of Default described in Section 6.14;

     

    (iv)  any
      notice of termination given to the Master Servicer pursuant to Section 6.14
      and
      any resignation of the Master Servicer hereunder;

     

    (v)  the
      appointment of any successor to any Master Servicer pursuant to Section 6.14;
      and

     

    
      
        
        

      

      
        202

        
          

        

      

      
        
        

      

    

     

    (vi)  the
      making of a final payment pursuant to Section 7.02.

     

    (b)  All
      notices to the Rating Agencies provided for this Section shall be in writing
      and
      sent by first class mail, telecopy or overnight courier, as
      follows:

     

    If
      to
      Fitch, to:

    

    Fitch,
      Inc.

    1
      State
      Street Plaza

    New
      York,
      New York 10041

    

    If
      to
      S&P, to:

    

    Standard
      & Poor’s 

    55
      Water
      Street

    New
      York,
      New York 10041

    

    If
      to
      Moody’s:

    

    Moody’s
      Investors Service, Inc.

    99
      Church
      Street

    New
      York,
      New York 10007

    

    

    (c)  The
      Trustee shall provide or make available to the Rating Agencies reports prepared
      pursuant to Section 4.03. In addition, the Trustee shall, at the expense of
      the
      Trust Fund, make available to each Rating Agency such information as such Rating
      Agency may reasonably request regarding the Certificates or the Trust Fund,
      to
      the extent that such information is reasonably available to the
      Trustee.

     

    Section
      11.13.  Counterparts.

     

    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original, and all of which together shall constitute one and
      the
      same instrument.

     

    Section
      11.14.  Transfer
      of Servicing.

     

    The
      Seller agrees that it shall provide written notice to the Master Servicer,
      the
      NIMS Insurer and the Trustee thirty days prior to any transfer or assignment
      by
      the Seller of its rights under any Servicing Agreement or of the servicing
      thereunder or delegation of its rights or duties thereunder or any portion
      thereof to any Person other than the initial Servicer under such Servicing
      Agreement; provided
      that the
      Seller shall not be required to provide prior notice of any transfer of
      servicing that occurs within three months following the Closing Date to an
      entity that is a Servicer on the Closing Date. In addition, the ability of
      the
      Seller to transfer or assign its rights and delegate its duties under a
      Servicing Agreement or to transfer the servicing thereunder to a successor
      servicer shall be subject to the following conditions:

     

    
      
        
        

      

      
        203

        
          

        

      

      
        
        

      

    

     

    (i)  Satisfaction
      of the conditions to such transfer as set forth in the Servicing Agreement
      including, without limitation, receipt of written consent of the Master Servicer
      to such transfer;

     

    (ii)  Receipt
      of the written consent of the NIMS Insurer, such consent not to be unreasonably
      withheld;

     

    (iii)  Such
      successor servicer must be qualified to service loans for FNMA or
      FHLMC;

     

    (iv)  Such
      successor servicer must satisfy the seller/servicer eligibility standards in
      the
      applicable Servicing Agreement, exclusive of any experience in mortgage loan
      origination, and must be reasonably acceptable to the Master Servicer, whose
      approval shall not be unreasonably withheld;

     

    (v)  Such
      successor servicer must execute and deliver to the Trustee and the Master
      Servicer an agreement, in form and substance reasonably satisfactory to the
      Trustee and the Master Servicer, that contains an assumption by such successor
      servicer of the due and punctual performance and observance of each covenant
      and
      condition to be performed and observed by the applicable Servicer under the
      applicable Servicing Agreement or, in the case of a transfer of servicing to
      a
      party that is already a Servicer pursuant to this Agreement, an agreement to
      add
      the related Mortgage Loans to the Servicing Agreement already in effect with
      such Servicer;

     

    (vi)  If
      the
      successor servicer is not a Servicer of Mortgage Loans at the time of such
      transfer, there must be delivered to the Trustee a letter from each Rating
      Agency to the effect that such transfer of servicing will not result in a
      qualification, withdrawal or downgrade of the then-current rating of any of
      the
      Certificates;

     

    (vii)  The
      Seller shall, at its cost and expense, take such steps, or cause the terminated
      Servicer to take such steps, as may be necessary or appropriate to effectuate
      and evidence the transfer of the servicing of the Mortgage Loans to such
      successor servicer, including, but not limited to, the following: (A) to the
      extent required by the terms of the Mortgage Loans and by applicable federal
      and
      state laws and regulations, the Seller shall cause the prior Servicer to timely
      mail to each obligor under a Mortgage Loan any required notices or disclosures
      describing the transfer of servicing of the Mortgage Loans to the successor
      servicer; (B) prior to the effective date of such transfer of servicing, the
      Seller shall cause the prior Servicer to transmit to any related insurer
      notification of such transfer of servicing; (C) on or prior to the effective
      date of such transfer of servicing, the Seller shall cause the prior Servicer
      to
      deliver to the successor servicer all Mortgage Loan Documents and any related
      records or materials; (D) on or prior to the effective date of such transfer
      of
      servicing, the Seller shall cause the prior Servicer to transfer to the
      successor servicer, or, if such transfer occurs after a Remittance Date but
      before the next succeeding Deposit Date, to the Master Servicer, all funds
      held
      by the applicable Servicer in respect of the Mortgage Loans; (E) on or prior
      to
      the effective date of such transfer of servicing, the Seller shall cause the
      prior Servicer to, after the effective date of the transfer of servicing to
      the
      successor servicer, continue to forward to such successor servicer, within
      one
      Business Day of receipt, the amount of any payments or other recoveries received
      by the prior Servicer, and to notify the successor servicer of the source and
      proper application of each such payment or recovery; and (F) the Seller shall
      cause the prior Servicer to, after the effective date of transfer of servicing
      to the successor servicer, continue to cooperate with the successor servicer
      to
      facilitate such transfer in such manner and to such extent as the successor
      servicer may reasonably request.

     

    
      
        
        

      

      
        204

        
          

        

      

      
        
        

      

    

     

    Section
      11.15.  Conflicts.

     

    To
      the
      extent that the terms of this Agreement conflict with the terms of any Servicing
      Agreement, the related Servicing Agreement shall govern, unless such provisions
      shall adversely affect the Trustee or the Trust Fund or the status of any REMIC
      created hereunder as a REMIC, provided that nothing in this Section 11.15 shall
      be construed to limit the rights or obligations of the Master Servicer under
      Section 9.05 of this Agreement.

     

    Section
      11.16.  Third
      Party Rights.

     

    The
      NIMS
      Insurer shall be deemed a third-party beneficiary of this Agreement to the
      same
      extent as if it were a party hereto, and shall have the right to enforce the
      provisions of this Agreement.

     

    [SIGNATURE
      PAGE IMMEDIATELY FOLLOWS]

     

    
      
        
        

      

      
        205

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Depositor, the Trustee and the Master Servicer have caused
      their names to be signed hereto by their respective officers hereunto duly
      authorized as of the day and year first above written.

     

    
      	 	 	 
	 	
              STRUCTURED
                ASSET
                SECURITIES CORPORATION, 

              as
                Depositor

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
              Michael C. Hitzmann
	 	Title:
              Senior Vice President

    

    
       

      
        	 	 	 
	 	
                WELLS
                  FARGO BANK, N.A., not in its Individual Capacity, 

                but
                  solely as
                  Trustee

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:

	 	Title:

      

      
        
           

          
            	 	 	 
	 	
                    AURORA
                      LOAN SERVICES LLC, 

                    as
                      Master Servicer

                  
	 
 	 
 	 
 
	 	By:  	 
	 	
                    
Name:
                    Linda A. Sherman
	 	Title:
                    Senior Vice President

          

        

      

    

     

     

    
      	
              Solely
                for purposes of Sections 2.05 and 11.14,

              accepted
                and agreed to by:

            	 	 	 
	 	 	 	 	 
	LEHMAN BROTHERS HOLDINGS
              INC.	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
              

              Name:
                Ellen Kiernan

              Title:
                Authorized Signatory

            	 	 	
            

    

    
       

      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    FORMS
      OF
      CERTIFICATES

     

    [INTENTIONALLY
      OMITTED]

    

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B-1

    

    FORM
      OF
      INITIAL CERTIFICATION

     

    
      	 	
                    
                Date       

            	 

    

    Wells
      Fargo Bank, N.A.

    Client
      Service Manager (SARM 2007-3)

    9062
      Old
      Annapolis Road

    Columbia
      MD 21045

    

    Structured
      Asset Securities Corporation

    745
      Seventh Avenue, 7th Floor

    New
      York,
      New York 10019

     

    Aurora
      Loan Services LLC

    10350
      Park Meadows Drive, 

    Littleton,
      Colorado 80124

     

    [NIMS
      Insurer, if applicable]

     

    
      	 	
              Re:

            	
              Trust
                Agreement (the “Trust Agreement”), dated as of March 1, 2007 among
                Structured Asset Securities Corporation, as Depositor, Aurora Loan
                Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee,
                with respect to Structured Adjustable Rate Mortgage Loan Trust Mortgage
                Pass-Through Certificates, Series
                2007-3

            

    

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02(a) of the Trust Agreement, subject to review of
      the
      contents thereof, the undersigned, as Custodian on behalf of the Trustee, hereby
      certifies that it (or its custodian) has received the documents listed in
      Section 2.01(b) of the Trust Agreement for each Mortgage File pertaining to
      each
      Mortgage Loan listed on Schedule A, to the Trust Agreement, subject to any
      exceptions noted on Schedule I hereto.

     

    Capitalized
      words and phrases used herein and not otherwise defined herein shall have the
      respective meanings assigned to them in the Trust Agreement. This Certificate
      is
      subject in all respects to the terms of Section 2.02 of the Trust Agreement
      and
      the Trust Agreement sections cross-referenced therein.

     

    
      	 	 	
               

            
	 	
              [Custodian],
                on behalf of

              Wells
                Fargo Bank, N.A.,

              as
                Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    
      
        
        

      

      
        B-1-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B-2

     

    FORM
      OF
      INTERIM CERTIFICATION

    
       

      
        	 	
                
                  
Date

              	 

      

       

    

    Wells
      Fargo Bank, N.A.

    Client
      Service Manager (SARM 2007-3)

    9062
      Old
      Annapolis Road

    Columbia
      MD 21045

    

    Structured
      Asset Securities Corporation

    745
      Seventh Avenue, 7th Floor

    New
      York,
      New York 10019

     

    Aurora
      Loan Services LLC

    10350
      Park Meadows Drive

    Littleton,
      Colorado 80124

     

    [NIMS
      Insurer, if applicable]

     

    
      	 	
              Re:

            	
              Trust
                Agreement (the “Trust Agreement”), dated as of March 1, 2007 among
                Structured Asset Securities Corporation, as Depositor, Aurora Loan
                Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee,
                with respect to Structured Adjustable Rate Mortgage Loan Trust Mortgage
                Pass-Through Certificates, Series
                2007-3

            

    

    

    Ladies
      and Gentlemen:

    

    In
      accordance with Section 2.02(b) of the Trust Agreement, the undersigned, as
      Custodian on behalf of the Trustee, hereby certifies that as to each Mortgage
      Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid
      in
      full or listed on Schedule I hereto) it (or its custodian) has received the
      applicable documents listed in Section 2.01(b) of the Trust
      Agreement.

     

    The
      undersigned hereby certifies that as to each Mortgage Loan identified on the
      Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I
      hereto, it has reviewed the documents identified above and has determined that
      each such document appears regular on its face and appears to relate to the
      Mortgage Loan identified in such document.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Trust Agreement. This Certificate is qualified in all respects
      by
      the terms of said

     

    Trust
      Agreement including, but not limited to, Section 2.02(b).

    
       

      
        	 	 	
                 

              
	 	
                
                  [Custodian],
                    on behalf of

                  Wells
                    Fargo Bank, N.A.,

                  as
                    Trustee

                

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

       

      
        
          
          

        

        
          B-2-1

          
            

          

        

        
          
          

        

      

       

    

    EXHIBIT
      B-3

     

    FORM
      OF
      FINAL CERTIFICATION

    
      
         

        
          	 	
                  
                    
Date

                	 

        

      

    

    

    Wells
      Fargo Bank, N.A.

    Client
      Service Manager (SARM 2007-3)

    9062
      Old
      Annapolis Road

    Columbia
      MD 21045

    

    Structured
      Asset Securities Corporation

    745
      Seventh Avenue, 7th Floor

    New
      York,
      New York 10019

     

    Aurora
      Loan Services LLC

    10350
      Park Meadows Drive

    Littleton,
      Colorado 80124

     

    [NIMS
      Insurer, if applicable]

     

    
      	 	
              Re:

            	
              Trust
                Agreement (the “Trust Agreement”), dated as of March 1, 2007 among
                Structured Asset Securities Corporation, as Depositor, Aurora Loan
                Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee,
                with respect to Structured Adjustable Rate Mortgage Loan Trust Mortgage
                Pass-Through Certificates, Series
                2007-3

            

    

    

    Ladies
      and Gentlemen:

    In
      accordance with Section 2.02(d) of the Trust Agreement, the undersigned, as
      Custodian on behalf of the Trustee, hereby certifies that as to each Mortgage
      Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid
      in
      full or listed on Schedule I hereto) it (or its custodian) has received the
      applicable documents listed in Section 2.01(b) of the Trust
      Agreement.

     

    The
      undersigned hereby certifies that as to each Mortgage Loan identified on the
      Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I
      hereto, it has reviewed the documents listed above and has determined that
      each
      such document appears to be complete and, based on an examination of such
      documents, the information set forth in the Mortgage Loan Schedule is
      correct.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Trust Agreement. This Certificate is qualified in all respects
      by
      the terms of said

     

    Trust
      Agreement.

    
      
        	 	 	
                 

              
	 	
                
                  
                    [Custodian],
                      on behalf of

                    Wells
                      Fargo Bank, N.A.,

                    as
                      Trustee

                  

                

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

       

      
        
          
          

        

        
          B-3-1

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      B-4

     

    FORM
      OF
      ENDORSEMENT

     

    Pay
      to
      the order of Wells Fargo Bank, N.A., as trustee (the “Trustee”) under the Trust
      Agreement dated as of March 1, 2007, among Structured Asset Securities
      Corporation, as Depositor, Aurora Loan Services LLC, as Master Servicer and
      the
      Trustee relating to Structured Adjustable Rate Mortgage Loan Trust Mortgage
      Pass-Through Certificates, Series 2007-3, without recourse.

     

    ______________________________________

    [current
      signatory on note]

     

    By:___________________________________

    Name:

    Title:

     

    
      
        
        

      

      
        B-4-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

     

    REQUEST
      FOR RELEASE OF DOCUMENTS AND RECEIPT

    
      
        
           

          
            	 	
                    
                      
Date

                  	 

          

        

      

      
[Addressed
        to Trustee

    

    or,
      if
      applicable, custodian]

     

    In
      connection with the administration of the mortgages held by you as Trustee
      under
      a certain Trust Agreement dated as of March 1, 2007 among Structured Asset
      Securities Corporation, as Depositor, Aurora Loan Services LLC, as Master
      Servicer and you, as Trustee (the “Trust Agreement”), the undersigned Master
      Servicer hereby requests a release of the Mortgage File held by you as Trustee
      with respect to the following described Mortgage Loan for the reason indicated
      below.

     

    Mortgagor’s
      Name:

     

    Address:

     

    Loan
      No.:

     

    Reason
      for requesting file:

     

    
      	1.  	
              Mortgage
                Loan paid in full. (The Master Servicer hereby certifies that all
                amounts
                received in connection with the loan have been or will be credited
                to the
                Collection Account or the Certificate Account (whichever is applicable)
                pursuant to the Trust Agreement.)

            

    

     

    
      	2.  	
              The
                Mortgage Loan is being foreclosed.

            

    

     

    
      	3.  	
              Mortgage
                Loan substituted. (The Master Servicer hereby certifies that a Qualifying
                Substitute Mortgage Loan has been assigned and delivered to you along
                with
                the related Mortgage File pursuant to the Trust
                Agreement.)

            

    

     

    
      	4.  	
              Mortgage
                Loan repurchased. (The Master Servicer hereby certifies that the
                Purchase
                Price (FPD Purchase Price in the case of a Early Payment Default
                Mortgage
                Loan) has been credited to the Collection Account or the Certificate
                Account (whichever is applicable) pursuant to the Trust
                Agreement.)

            

    

     

    
      	5.  	
              Other.
                (Describe)

            

    

     

    The
      undersigned acknowledges that the above Mortgage File will be held by the
      undersigned in accordance with the provisions of the Trust Agreement and will
      be
      returned to you within ten (10) days of our receipt of the Mortgage File, except
      if the Mortgage Loan has been paid in full, or repurchased or substituted for
      a
      Qualifying Substitute Mortgage Loan (in which case the Mortgage File will be
      retained by us permanently) and except if the Mortgage Loan is being foreclosed
      (in which case the Mortgage File will be returned when no longer required by
      us
      for such purpose).

     

    
      
        
        

      

      
        C-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      terms used herein shall have the meanings ascribed to them in the Trust
      Agreement.

     

    _____________________________________

    [Name
      of
      Master Servicer]

     

    By:__________________________________

    Name:

    Title:
      Servicing Officer

     

    
      
        
        

      

      
        C-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D-1

     

    FORM
      OF
      RESIDUAL CERTIFICATE TRANSFER AFFIDAVIT (TRANSFEREE)

     

    
      	STATE OF	 	)
	
            	 	) ss.:
	COUNTY OF 	 	)

    

     

    [NAME
      OF
      OFFICER], _________________ being first duly sworn, deposes and
      says:

     

    That
      he
      [she] is [title of officer] ________________________ of [name of Purchaser]
      _________________________________________ (the “Purchaser”), a
      _______________________ [description of type of entity] duly organized and
      existing under the laws of the [State of __________] [United States], on behalf
      of which he [she] makes this affidavit.

     

    
      	
              1.

            	
              That
                the Purchaser’s Taxpayer Identification Number is
                ______________.

            

    

     

    
      	
              2.

            	
              That
                the Purchaser is not a “disqualified organization” within the meaning of
                Section 860E(e)(5) of the Internal Revenue Code of 1986, as amended
                (the
                “Code”) and will not be a “disqualified organization” as of
                __________________ [date of transfer], and that the Purchaser is
                not
                acquiring a Residual Certificate (as defined in the Agreement) for
                the
                account of, or as agent (including a broker, nominee, or other middleman)
                for, any person or entity from which it has not received an affidavit
                substantially in the form of this affidavit. For these purposes,
                a
                “disqualified organization” means the United States, any state or
                political subdivision thereof, any foreign government, any international
                organization, any agency or instrumentality of any of the foregoing
                (other
                than an instrumentality if all of its activities are subject to tax
                and a
                majority of its board of directors is not selected by such governmental
                entity), any cooperative organization furnishing electric energy
                or
                providing telephone service to persons in rural areas as described
                in Code
                Section 1381(a)(2)(C), any “electing large partnership” within the meaning
                of Section 775 of the Code, or any organization (other than a farmers’
                cooperative described in Code Section 521) that is exempt from federal
                income tax unless such organization is subject to the tax on unrelated
                business income imposed by Code Section
                511.

            

    

     

    
      	
              3.

            	
              That
                the Purchaser is not, and on _______________ [date of transfer] will
                not
                be, an employee benefit plan or arrangement subject to Title I of
                the
                Employee Retirement Income Security Act of 1974, as amended (“ERISA”), a
                plan subject to Section 4975 of the Internal Revenue Code of 1986,
                as
                amended (the “Code”) or a plan subject to any provisions under any
                federal, state, local, non-U.S. or other laws or regulations that
                are
                substantively similar to the foregoing provisions of ERISA or the
                Code
                (collectively, a “Plan”), and is not directly or indirectly acquiring the
                Residual Certificate for, on behalf of or with any assets of any
                such
                Plan.

            

    

     

    
      
        
        

      

      
        D-1-1

        
          

        

      

      
        
        

      

    

     

    
      	
              4.

            	
              That
                the Purchaser hereby acknowledges that under the terms of the Trust
                Agreement (the “Agreement”) among Structured Asset Securities Corporation,
                Wells Fargo Bank, N.A., as Trustee and Aurora Loan Services LLC,
                as Master
                Servicer, dated as of March 1, 2007, no transfer of a Residual Certificate
                shall be permitted to be made to any person unless the Depositor
                and the
                Trustee have received a certificate from such transferee containing
                the
                representations in paragraphs 2, 3 and 4
                hereof.

            

    

     

    
      	
              5.

            	
              That
                the Purchaser does not hold REMIC residual securities as nominee
                to
                facilitate the clearance and settlement of such securities through
                electronic book-entry changes in accounts of participating organizations
                (such entity, a “Book-Entry
                Nominee”).

            

    

     

    
      	
              6.

            	
              That
                the Purchaser does not have the intention to impede the assessment
                or
                collection of any federal, state or local taxes legally required
                to be
                paid with respect to such Residual Certificate, and that the Purchaser
                has
                provided financial statements or other financial information requested
                by
                the transferor in connection with the transfer of the Residual Certificate
                in order to permit the transferor to assess the financial capability
                of
                the Purchaser to pay such taxes.

            

    

     

    
      	
              7.

            	
              That
                the Purchaser will not transfer a Residual Certificate to any person
                or
                entity (i) as to which the Purchaser has actual knowledge that the
                requirements set forth in paragraph 2, paragraph 5 or paragraph 9
                hereof
                are not satisfied or that the Purchaser has reason to believe does
                not
                satisfy the requirements set forth in paragraph 6 hereof, and (ii)
                without
                obtaining from the prospective Purchaser an affidavit substantially
                in
                this form and providing to the Trustee a written statement substantially
                in the form of Exhibit D-2 to the
                Agreement.

            

    

     

    
      	
              8.

            	
              That
                the Purchaser understands that, as the holder of a Residual Certificate,
                the Purchaser may incur tax liabilities in excess of any cash flows
                generated by the interest and that it intends to pay taxes associated
                with
                holding such Residual Certificate as they become
                due.

            

    

     

    
      	
              9.

            	
              That
                the Purchaser (i) is a U.S. Person or (ii) is a Non-U.S. Person that
                holds
                a Residual Certificate in connection with the conduct of a trade
                or
                business within the United States and has furnished the transferor
                and the
                Trustee with an effective Internal Revenue Service Form W-8 ECI
                (Certificate of Foreign Person’s Claim for Exemption From Withholding on
                Income Effectively Connected with the Conduct of a Trade or Business
                in
                the United States) or successor form at the time and in the manner
                required by the Code. “Non-U.S. Person” means any person other than (i) a
                citizen or resident of the United States; (ii) a corporation (or
                entity
                treated as a corporation for tax purposes) created or organized in
                the
                United States or under the laws of the United States or of any state
                thereof, including, for this purpose, the District of Columbia; (iii)
                a
                partnership (or entity treated as a partnership for tax purposes)
                organized in the United States or under the laws of the United States
                or
                of any state thereof, including, for this purpose, the District of
                Columbia (unless provided otherwise by future Treasury regulations);
                (iv)
                an estate whose income is includible in gross income for United States
                income tax purposes regardless of its source; (v) a trust, if a court
                within the United States is able to exercise primary supervision
                over the
                administration of the trust and one or more U.S. Persons have authority
                to
                control all substantial decisions of the trust or; (vi) and, to the
                extent
                provided in Treasury regulations, certain trusts in existence prior
                to
                August 20, 1996 that are treated as United States persons prior to
                such
                date and elect to continue to be treated as United States
                persons.

            

    

     

    
      
        
        

      

      
        D-1-2

        
          

        

      

      
        
        

      

    

     

    
      	
              10.

            	
              That
                the Purchaser agrees to such amendments of the Trust Agreement as
                may be
                required to further effectuate the restrictions on transfer of any
                Residual Certificate to such a “disqualified organization,” an agent
                thereof, a Book-Entry Nominee, or a person that does not satisfy
                the
                requirements of paragraph 6 and paragraph 9
                hereof.

            

    

     

    
      	
              11.

            	
              That
                the Purchaser consents to the designation of the Trustee as its agent
                to
                act as “tax matters person” of the Trust Fund pursuant to the Trust
                Agreement.

            

    

     

    Terms
      used in this transfer affidavit which are not otherwise defined herein have
      the
      respective meanings assigned thereto in the Trust Agreement.

     

    
      
        
        

      

      
        D-1-3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Purchaser has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its [title of
      officer] this _____ day of __________, 20__.

     

    ______________________________________

    [name
      of
      Purchaser]

     

    By:___________________________________

    Name:

    Title:

     

     

    Personally
      appeared before me the above-named [name of officer] ________________, known
      or
      proved to me to be the same person who executed the foregoing instrument and
      to
      be the [title of officer] _________________ of the Purchaser, and acknowledged
      to me that he [she] executed the same as his [her] free act and deed and the
      free act and deed of the Purchaser.

     

    Subscribed
      and sworn before me this _____ day of __________, 20__.

     

    NOTARY
      PUBLIC

     

    _________________________________

     

    COUNTY
      OF_____________________

     

    STATE
      OF_______________________

     

    My
      commission expires the _____ day of __________, 20__.

     

    
      
        
        

      

      
        D-1-4

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D-2

     

    FORM
      OF
      RESIDUAL CERTIFICATE TRANSFER AFFIDAVIT (TRANSFEROR)

     

    ___________________

    Date

     

    
      	 	
              Re:

            	
              Structured
                Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates,
                Series 2007-3

            

    

     

    

    _______________________
      (the “Transferor”) has reviewed the attached affidavit of
      _____________________________ (the “Transferee”), and has no actual knowledge
      that such affidavit is not true and has no reason to believe that the
      information contained in paragraph 6 thereof is not true, and has no reason
      to
      believe that the Transferee has the intention to impede the assessment or
      collection of any federal, state or local taxes legally required to be paid
      with
      respect to a Residual Certificate. In addition, the Transferor has conducted
      a
      reasonable investigation at the time of the transfer and found that the
      Transferee had historically paid its debts as they came due and found no
      significant evidence to indicate that the Transferee will not continue to pay
      its debts as they become due.

     

    Very
      truly yours,

     

    _______________________________

    Name:

    Title:

     

    
      
        
        

      

      
        D-2-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      E

     

    SERVICING
      AGREEMENTS

     

    

    1.
      Reconstituted Servicing Agreement dated as of March 1, 2007 by and between
      Lehman Brothers Holdings Inc., as seller, and Countrywide Home Loans Servicing
      LP, as servicer, and acknowledged by Aurora Loan Services LLC, as master
      servicer and Wells Fargo Bank, N.A., solely in its capacity as Trustee,
      reconstituting that certain Flow Seller’s Warranties and Servicing Agreement
      between Lehman Brothers Bank, FSB and Countrywide Home Loans, Inc., dated as
      of
      June 1, 2004 for Conventional Residential Fixed Rate Mortgage Loans and amended
      as of January 31, 2006.

    

    2.
      Reconstituted Servicing Agreement dated as of March 1, 2007 by and between
      Lehman Brothers Holdings Inc., as seller, and Residential Funding Company,
      LLC,
      as servicer, and acknowledged by Aurora Loan Services LLC, as master servicer
      and Wells Fargo Bank, N.A., solely in its capacity as Trustee, reconstituting
      that certain Sale and Servicing Agreement, dated February 1, 2007 by and between
      Lehman Brothers Bank, FBS as seller and Residential Funding Company, LLC as
      servicer.

    

    3.
      Servicing Agreement, dated as of March 1, 2007, by and between Lehman Brothers
      Holdings Inc., as seller, Aurora Loan Services LLC, as servicer and Aurora
      Loan
      Services LLC, as Master Servicer.

     

    4.
      Reconstituted Servicing Agreement dated as of March 1, 2007 by and between
      Lehman Brothers Holdings Inc., as seller, and PHH Mortgage Corporation, as
      servicer, and acknowledged by Aurora Loan Services LLC, as master servicer
      and
      Wells Fargo Bank, N.A., solely in its capacity as Trustee, reconstituting that
      certain Mortgage Loan Flow Purchase, Sale and Servicing Agreement dated as
      of
      November 1, 2005, by and between Lehman Brother’s Bank, FSB as seller and PHH
      Mortgage Corporation LLC as servicer; 

     

    
      
        
        

      

      
        E-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      F

     

    FORM
      OF
      RULE 144A TRANSFER CERTIFICATE

     

    
      	Re:	 	
              Structured Adjustable Rate Mortgage Loan Trust
                Mortgage
                Pass-Through 

              Certificates,
                Series 2007-3

            

    

            

    Reference
      is hereby made to the Trust Agreement (the “Trust Agreement”), dated as of March
      1, 2007 among Structured Asset Securities Corporation, as Depositor, Aurora
      Loan
      Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee.
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Trust Agreement.

     

    This
      letter relates to $_________ initial Certificate Principal Amount of Class
          
      Certificates
      which are held in the form of Definitive Certificates registered in the name
      of
                                
      (the
“Transferor”). The Transferor has requested a transfer of such Definitive
      Certificates for Definitive Certificates of such Class registered in the name
      of
      [insert name of transferee].

     

    In
      connection with such request, and in respect of such Certificates, the
      Transferor hereby certifies that such Certificates are being transferred in
      accordance with (i) the transfer restrictions set forth in the Trust Agreement
      and the Certificates and (ii) Rule 144A under the Act to a purchaser that the
      Transferor reasonably believes is a “qualified institutional buyer” within the
      meaning of Rule 144A purchasing for its own account or for the account of a
      “qualified institutional buyer”, which purchaser is aware that the sale to it is
      being made in reliance upon Rule 144A, in a transaction meeting the requirements
      of Rule 144A and in accordance with any applicable securities laws of any state
      of the United States or any other applicable jurisdiction.

     

    This
      certificate and the statements contained herein are made for the benefit of
      the
      Trustee, the Placement Agent and the Depositor.

     

    ________________________________________

    [Name
      of
      Transferor]

     

    By:_____________________________________

    Name:

    Title:

     

    Dated:
      __________________, ________

     

    
      
        
        

      

      
        F-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      G

     

    FORM
      OF
      PURCHASER’S LETTER FOR

    INSTITUTIONAL
      ACCREDITED INVESTOR

     

    __________________

    Date

     

    Dear
      Sirs:

     

    In
      connection with our proposed purchase of $______________ principal amount of
      Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
      Certificates, Series 2007-3 (the “Privately Offered Certificates”) of Structured
      Asset Securities Corporation (the “Depositor”) which are held in the form of
      Definitive Certificates, we confirm that:

     

    1. We
      understand that the Privately Offered Certificates have not been, and will
      not
      be, registered under the Securities Act of 1933, as amended (the “Securities
      Act”), and may not be sold except as permitted in the following sentence. We
      agree, on our own behalf and on behalf of any accounts for which we are acting
      as hereinafter stated, that if we should sell any Privately Offered Certificates
      within two years of the later of the date of original issuance of the Privately
      Offered Certificates or the last day on which such Privately Offered
      Certificates are owned by the Depositor or any affiliate of the Depositor (which
      includes the Placement Agent) we will do so only (A) to the Depositor, (B)
      to
“qualified institutional buyers” (within the meaning of Rule 144A under the
      Securities Act) in accordance with Rule 144A under the Securities Act (“QIBs”),
      (C) pursuant to the exemption from registration provided by Rule 144 under
      the
      Securities Act, or (D) to an institutional “accredited investor” within the
      meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities
      Act that is not a QIB (an “Institutional Accredited Investor”) which, prior to
      such transfer, delivers to the Trustee under the Trust Agreement (the “Trust
      Agreement”), dated as of March 1, 2007 among Structured Asset Securities
      Corporation, as Depositor, Aurora Loan Services LLC, as Master Servicer and
      Wells Fargo Bank, N.A., as Trustee, a signed letter in the form of this letter;
      and we further agree, in the capacities stated above, to provide to any person
      purchasing any of the Privately Offered Certificates from us a notice advising
      such purchaser that resales of the Privately Offered Certificates are restricted
      as stated herein.

     

    2. We
      understand that, in connection with any proposed resale of any Privately Offered
      Certificates to an Institutional Accredited Investor, we will be required to
      furnish to the Trustee, the Certificate Registrar and the Depositor a
      certification from such transferee in the form hereof to confirm that the
      proposed sale is being made pursuant to an exemption from, or in a transaction
      not subject to, the registration requirements of the Securities Act. We further
      understand that the Privately Offered Certificates purchased by us will bear
      a
      legend to the foregoing effect.

     

    3. We
      are
      acquiring the Privately Offered Certificates for investment purposes and not
      with a view to, or for offer or sale in connection with, any distribution in
      violation of the Securities Act. We have such knowledge and experience in
      financial and business matters as to be capable of evaluating the merits and
      risks of our investment in the Privately Offered Certificates, and we and any
      account for which we are acting are each able to bear the economic risk of
      such
      investment.

     

    
      
        
        

      

      
        G-1

        
          

        

      

      
        
        

      

    

     

    4. We
      are an
      Institutional Accredited Investor and we are acquiring the Privately Offered
      Certificates purchased by us for our own account or for one or more accounts
      (each of which is an Institutional Accredited Investor) as to each of which
      we
      exercise sole investment discretion.

     

    5. We
      have
      received such information as we deem necessary in order to make our investment
      decision.

     

    6.  If
      we are
      acquiring an ERISA-Restricted Certificate, we are not a Plan and we are not
      acquiring the ERISA-Restricted Certificate for, on behalf of or with any assets
      of a Plan, except as may be permitted pursuant to Section 3.03(d) of the Trust
      Agreement.

     

    Terms
      used in this letter which are not otherwise defined herein have the respective
      meanings assigned thereto in the Trust Agreement.

     

    You
      and
      the Depositor and the Trustee are entitled to rely upon this letter and are
      irrevocably authorized to produce this letter or a copy hereof to any interested
      party in any administrative or legal proceeding or official inquiry with respect
      to the matters covered hereby.

     

    Very
      truly yours,

     

    __________________________________

    [Purchaser]

     

    By________________________________

    Name:

    Title:

     

    
      
        
        

      

      
        G-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      H

     

    [FORM
      OF
      ERISA TRANSFER AFFIDAVIT]

    
       

      
        	STATE OF NEW YORK	 	)
	
              	 	) ss.:
	COUNTY OF NEW YORK	 	)

      

    

     

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

    1. The
      undersigned is the ______________________ of (the “Investor”), a [corporation
      duly organized] and existing under the laws of __________, on behalf of which
      he
      makes this affidavit.

     

    2. The
      Investor in an ERISA-Restricted Certificate (A) is not, and on _______________
      [date of transfer] will not be, an employee benefit plan or arrangement subject
      to Title I of the Employee Retirement Income Security Act of 1974, as amended
      (“ERISA”), a plan subject to Section 4975 of the Internal Revenue Code of 1986,
      as amended (the “Code”) or a plan subject to any provisions under any federal,
      state, local, non-U.S. or other laws or regulations that are substantively
      similar to the foregoing provisions of ERISA or the Code (“Similar Law”)
      (collectively, a “Plan”), and is not directly or indirectly acquiring the
      Certificate for, on behalf of or with any assets of any such Plan, (B) if the
      Certificate has been the subject of an ERISA-Qualifying Underwriting, is an
      insurance company that is acquiring the Certificate with assets of an “insurance
      company general account” as defined in Section V(E) of Prohibited Transaction
      Class Exemption (“PTCE”) 95-60 and the acquisition and holding of the
      Certificate are covered and exempt under Sections I and III of PTCE 95-60,
      or
      (C) solely in the case of a Definitive Certificate, shall herewith deliver
      an
      Opinion of Counsel satisfactory to the Certificate Registrar, the Trustee and
      the Depositor, and upon which the Trustee, the Certificate Registrar and the
      Depositor shall be entitled to rely, to the effect that the acquisition and
      holding of such Certificate by the Investor will not result in a nonexempt
      prohibited transaction under Title I of ERISA or Section 4975 of the Code,
      or a
      violation of Similar Law, and will not subject the Trustee, the Master Servicer,
      the Certificate Registrar, any Servicer or the Depositor to any obligation
      in
      addition to those undertaken by such entities in the Trust Agreement, which
      Opinion of Counsel shall not be an expense of the Trustee, the Master Servicer,
      the Certificate Registrar, any Servicer or the Depositor.

     

    3. Either
      (i) the Investor in a ERISA-Restricted Swap Certificate is not, and is not
      acting for, on behalf of or with any assets of, an employee benefit plan or
      other arrangement subject to Title I of ERISA or plan subject to Section 4975
      of
      the Code, or (ii) until the termination of the Swap Agreement, the acquisition
      and holding of such Certificate will
      not
      constitute or result in a nonexempt prohibited transaction under Title I of
      ERISA or Section 4975 of the Code.

     

    4. The
      Investor hereby acknowledges that under the terms of the Trust Agreement (the
      “Agreement”) among Structured Asset Securities Corporation, as Depositor, Aurora
      Loan Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee,
      dated as of March 1, 2007, no transfer of the ERISA-Restricted Certificates
      or
      the ERISA-Restricted Swap Certificates shall be permitted to be made to any
      person unless the Depositor, the Certificate Registrar and the Trustee have
      received an affidavit from such transferee in the form hereof or an opinion
      of
      counsel as provided herein.

     

    
      
        
        

      

      
        H-1

        
          

        

      

      
        
        

      

    

     

    5. Capitalized
      terms used but not defined herein shall have the meanings given to such terms
      in
      the Trust Agreement.

     

    IN
      WITNESS WHEREOF, the Investor has caused this instrument to be executed on
      its
      behalf, pursuant to proper authority, by its duly authorized officer, duly
      attested, this ____ day of _______________, 20__.

     

    ________________________________________

    [Investor]

     

    By:_____________________________________

    Name:

    Title:

     

    ATTEST:

     

    ___________________________

     

    
      
        
          	STATE OF	 	)
	
                	 	) ss.:
	COUNTY OF	 	)

        

         

      

    

    Personally
      appeared before me the above-named ___________________, known or proved to
      me to
      be the same person who executed the foregoing instrument and to be the
      _________________ of the Investor, and acknowledged that he executed the same
      as
      his free act and deed and the free act and deed of the Investor.

     

    Subscribed
      and sworn before me this _____ day of ___________ 20___.

     

    __________________________________

    NOTARY
      PUBLIC

     

    My
      commission expires the

    ____
      day
      of __________, 20__.

     

    
      
        
        

      

      
        H-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      I

     

    MONTHLY
      REMITTANCE ADVICE

     

    [INTENTIONALLY
      OMITTED]

     

    
      
        
        

      

      
        I-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      J

     

    MONTHLY
      ELECTRONIC DATA TRANSMISSION

     

    [INTENTIONALLY
      OMITTED]

    

    
      
        
        

      

      
        J-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      K

     

    CUSTODIAL
      AGREEMENTS

    

    1.
      Custodial Agreement, dated as of March 1, 2007, by and between LaSalle Bank
      National Association, as custodian and Wells Fargo Bank, N.A. , as
      trustee.

     

    2.
      Custodial Agreement, dated as of March 1, 2007, by and between U.S. Bank
      National Association, as custodian and Wells Fargo Bank, N.A., as
      trustee.

     

    3.
      Custodial Agreement, dated as of March 1, 2007, by and between Deutsche Bank
      National Trust Company, as custodian and Wells Fargo Bank, N.A. , as
      trustee.

     

    4.
      Custodial Agreement, dated as of March 1, 2007, by and between Wells Fargo
      Bank,
      N.A., as custodian and Wells Fargo Bank, N.A., as trustee.

     

    
      
        
        

      

      
        K-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      L-1

     

    FORM
      OF TRANSFER CERTIFICATE

    FOR
      TRANSFER FROM RESTRICTED GLOBAL SECURITY

    TO
      REGULATION S GLOBAL SECURITY

    (Transfers
      pursuant to § 3.03(h)(ii)

    of
      the
      Agreement)

     

    
      	 	
              Re:

            	
              Structured
                Adjustable Rate Mortgage Loan Trust Mortgage Loan Trust Mortgage
                Pass-Through Certificates, Series
                2007-3

            

    

     

    Reference
      is hereby made to the Trust Agreement (the “Agreement”) among Structured Asset
      Securities Corporation, as Depositor, Aurora Loan Services LLC, as Master
      Servicer, and Wells Fargo Bank, N.A., as Trustee, dated as of March 1, 2007.
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Agreement.

     

    This
      letter relates to U.S. $                            
      aggregate
      principal amount of Securities which are held in the form of a Restricted Global
      Security with DTC in the name of [name of transferor]                                   
      (the
“Transferor”) to effect the transfer of the Securities in exchange for an
      equivalent beneficial interest in a Regulation S Global Security.

     

    In
      connection with such request, the Transferor does hereby certify that such
      transfer has been effected in accordance with the transfer restrictions set
      forth in the Agreement and the Securities and in accordance with Rule 904 of
      Regulation S, and that:

     

    a.  the
      offer
      of the Securities was not made to a person in the United States;

     

    b.  at
      the
      time the buy order was originated, the transferee was outside the United States
      or the Transferor and any person acting on its behalf reasonably believed that
      the transferee was outside the United States;

     

    c.  no
      directed selling efforts have been made in contravention of the requirements
      of
      Rule 903 or 904 of Regulation S, as applicable;

     

    d.  the
      transaction is not part of a plan or scheme to evade the registration
      requirements of the United States Securities Act of 1933, as amended;
      and

     

    e.  the
      transferee is not a U.S. person (as defined in Regulation S).

     

    The
      Depositor and the Trustee are entitled to rely upon this letter and are
      irrevocably authorized to produce this letter or a copy hereof to any interested
      party in any administrative or legal proceedings or official inquiry with
      respect to the matters covered hereby. Terms used in this certificate have
      the
      meanings set forth in Regulation S.

    

    

    [Name
      of
      Transferor]

     

    
      
        
        

      

      
        L-1-1

        
          

        

      

      
        
        

      

    

     

    By:

    Name:

    Title:

     

    Date:             
        ,
      ____

     

    
      
        
        

      

      
        L-1-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      L-2

    

    FORM
      OF TRANSFER CERTIFICATE FOR TRANSFER

    FROM
      REGULATION S GLOBAL SECURITY

    TO
      RESTRICTED GLOBAL SECURITY

    (Transfers
      pursuant to § 3.03(h)(iii)

    of
      the
      Agreement)

     

    
      	 	
              Re:

            	
              Structured
                Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates,
                Series 2007-3

            

    

     

    Reference
      is hereby made to the Trust Agreement (the “Agreement”) among Structured Asset
      Securities Corporation, as Depositor, Aurora Loan Services LLC, as Master
      Servicer and Wells Fargo Bank, N.A., as Trustee, dated as of March 1, 2007.
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Agreement.

     

    This
      letter relates to U.S. $                            
      aggregate
      principal amount of Securities which are held in the form of a Regulations
      S
      Global Security in the name of [name of transferor]                                                       
      (the
      “Transferor”) to effect the transfer of the Securities in exchange for an
      equivalent beneficial interest in a Restricted Global Security.

     

    In
      connection with such request, and in respect of such Securities, the Transferor
      does hereby certify that such Securities are being transferred in accordance
      with (i) the transfer restrictions set forth in the Agreement and the Securities
      and (ii) Rule 144A under the United States Securities Act of 1933, as amended,
      to a transferee that the Transferor reasonably believes is purchasing the
      Securities for its own account or an account with respect to which the
      transferee exercises sole investment discretion, the transferee and any such
      account is a qualified institutional buyer within the meaning of Rule 144A,
      in a
      transaction meeting the requirements of Rule 144A and in accordance with any
      applicable securities laws of any state of the United States or any other
      jurisdiction.

     

    

    [Name
      of
      Transferor]

    

    By:

    Name:

    Title:

     

    Date:             
        ,
      ___

     

    
      
        
        

      

      
        L-2-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      M

     

    [RESERVED]

     

    
      
        
        

      

      
        M-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N

     

     

    [RESERVED]

     

    
      
        
        

      

      
        N-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      O

    

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    

    Key:
      X
      -
      obligation    

    

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements. Capitalized terms used herein but not defined herein shall have
      the
      meanings assigned to them in the Trust Agreement dated as of March 1, 2007
      (the
“Trust Agreement”), by and among Wells Fargo Bank, N.A., (the “Trustee”), Aurora
      Loan Services LLC, as master servicer (the “Master Servicer”), and Structured
      Asset Securities Corporation, as depositor (the “Depositor”). 

    

    

    

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Master
                Servicer

            	
              Paying
                Agent

            	
              Trustee

            
	
               General Servicing
                 Considerations

            
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	 	 
	
              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 pool assets are maintained. 

            	
              X

            	 	 
	
              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 pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	 
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel. 

            	
              X

            	
              X

            	 
	
              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 over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements. 

            	
              X

            	
              X

            	
              X

            

    

     

    
      
        
        

      

      
        O-1

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Master
                Servicer
 	
              Paying
                Agent

            	
              Trustee
 
	
              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

            	
              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

            	
              X

            	 
	 	
              Investor
                Remittances and Reporting

            	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the Servicer.
                

            	
              X

            	 	
              X

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements. 

            	
              X

            	 	
              X

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	 
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank statements.
                

            	
              X

            	
              X

            	 
	 	
              Pool
                Asset Administration

            	 	 	 
	
              1122(d)(4)(i)
                

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents. 

            	 	 	 

    

     

    
      
        
        

      

      
        O-2

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	Master
              Servicer	
              Paying
                Agent

            	Trustee 
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements 

            	 	 	 
	
              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 pool assets, including any payoffs, made in accordance with the
                related
                pool asset 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 pool asset documents. 

            	 	 	 
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal balance.
                

            	 	 	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor’s pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents. 

            	
              X

            	 	 
	
              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
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or unemployment).
                

            	 	 	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents. 

            	 	 	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements. 

            	 	 	 

    

     

    
      
        
        

      

      
        O-3

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	Master
              Servicer	
              Paying
                Agent 

            	Trustee 
	
              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. 

            	 	 	 
	
              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. 

            	 	 	
              X

            

    

    

    
      
        
        

      

      
        O-4

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      P-1

     

    

    ADDITIONAL
      FORM 10-D DISCLOSURE

    

    
      	
              Item
                on Form 10-D

            	
              Party
                Responsible

            
	
              Item
                1: Distribution and Pool Performance Information

              Information
                included in the Distribution Date Statement

               

               

              Any
                information required by 1121 which is NOT included on the Distribution
                Date Statement

            	
               

               

               

              Master
                Servicer (as to any Servicer, to the extent provided by such
                Servicer),

              Trustee
                (if Paying Agent) and Paying Agent 

               

              Depositor
                (to the extent of any additional information that has not already
                been
                provided by the Master Servicer)

            
	
              Item
                2: Legal Proceedings

              per
                Item 1117 of Reg AB

            	
              (i)
                All parties to the Trust Agreement (as to themselves), (ii) the Trustee
                as
                to the issuing entity, (iii) the Depositor as to the sponsor, any
                1110(b)
                originator, any 1100(d)(1) party and (iv) the Master Servicer, as
                to any
                Servicer, to the extent provided by such Servicer

            
	
              Item
                3: Sale of Securities and Use of Proceeds

            	
              Depositor

            
	
              Item
                4: Defaults Upon Senior Securities

            	
              Trustee

            
	
              Item
                5: Submission of Matters to a Vote of Security Holders

            	
              Trustee

            
	
              Item
                6: Significant Obligors of Pool Assets

            	
              Depositor

            
	
              Item
                7: Significant Enhancement Provider Information

            	
              Depositor

            
	
              Item
                8: Other Information

            	
              Any
                party responsible for disclosure items on Form 8-K

            
	
              Item
                9: Exhibits

            	
              Depositor
                and Master Servicer (on behalf of any Servicer or on its own behalf
                if
                acting as a Servicer)

            

    

    

    
      
        
        

      

      
        P-1-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      P-2

     

    ADDITIONAL
      FORM 10-K DISCLOSURE

     

    
      	
              Item
                on Form 10-K

            	
              Party
                Responsible

            
	
              Item
                1B: Unresolved Staff Comments

            	
              Depositor

            
	
              Item
                9B: Other Information

            	
              Any
                party responsible for disclosure items on Form 8-K

            
	
              Item
                15: Exhibits, Financial Statement Schedules

            	
              Depositor,
                Servicer, Master Servicer, Subservicer

            
	
              Additional
                Item:

              Disclosure
                per Item 1117 of Reg AB

            	
              (i)
                All parties to the Trust Agreement (as to themselves), (ii) the Trustee
                and Depositor as to the issuing entity, (iii) the Depositor as to
                the
                sponsor, any 1110(b) originator, any 1100(d)(1) party and (iv) the
                Master
                Servicer, as to any Servicer, to the extent provided by such
                Servicer

            
	
              Additional
                Item:

              Disclosure
                per Item 1119 of Reg AB

            	
              (i)
                All parties to the Trust Agreement as to themselves, (ii) the Depositor
                as
                to the sponsor, originator, significant obligor, enhancement or support
                provider and (iii) the Master Servicer, as to any Servicer, to the
                extent
                provided by such Servicer

            
	
              Additional
                Item:

              Disclosure
                per Item 1112(b) of Reg AB

            	
              Depositor

            
	
              Additional
                Item:

              Disclosure
                per Items 1114(b) and 1115(b) of Reg AB

            	
              Depositor

            

    

    

    
      
        
        

      

      
        P-2-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      P-3

     

     

    ADDITIONAL
      FORM 8-K DISCLOSURE

    

    
      	
              Item
                on Form 8-K

            	
              Party
                Responsible

            
	
              Item
                1.01- Entry into a Material Definitive Agreement

            	
              Any
                party to the Trust Agreement which is a party to such
                agreement

            
	
              Item
                1.02- Termination of a Material Definitive Agreement

            	
              Any
                party to the Trust Agreement which is a party to such
                agreement

            
	
              Item
                1.03- Bankruptcy or Receivership

            	
              Depositor

            
	
              Item
                2.04- Triggering Events that Accelerate or Increase a Direct Financial
                Obligation or an Obligation under an Off-Balance Sheet
                Arrangement

            	
              Depositor

            
	
              Item
                3.03- Material Modification to Rights of Security Holders

            	
              Trustee
                and Depositor

            
	
              Item
                5.03- Amendments of Articles of Incorporation or Bylaws; Change of
                Fiscal
                Year

            	
              Depositor

            
	
              Item
                6.01- ABS Informational and Computational Material

            	
              Depositor

            
	
              Item
                6.02- Change of Servicer or Trustee

            	
              Master
                Servicer (as to itself and as to any Servicer, to the extent provided
                by
                such Servicer), Trustee (as to itself), Seller

            
	
              Item
                6.03- Change in Credit Enhancement or External Support

            	
              Depositor

            
	
              Item
                6.04- Failure to Make a Required Distribution

            	
              Trustee

            
	
              Item
                6.05- Securities Act Updating Disclosure

            	
              Depositor

            
	
              Item
                7.01- Reg FD Disclosure

            	
              Depositor

            
	
              Item
                8.01

            	
              Depositor

            
	
              Item
                9.01

            	
              Depositor

            

    

    

    
      
        
        

      

      
        P-3-1

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      P-4

     

     

    ADDITIONAL
      DISCLOSURE NOTIFICATION

    

    Structured
      Asset Securities Corporation, as Depositor

    745
      Seventh Avenue, 7th Floor

    New
      York,
      New York 10019

    Attention:
      Mortgage Finance, SARM 2007-3

    

    Wells
      Fargo Bank, N.A.

    Client
      Service Manager (SARM 2007-3)

    9062
      Old
      Annapolis Road

    Columbia
      MD 21045

    

    RE:
      **Additional Form [10-D][10-K][8-K] Disclosure** Required

    

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section [ ] of the Trust Agreement, dated as of March 1, 2007,
      by and among Structured Asset Securities Corporation, as Depositor, Aurora
      Loan
      Services LLC, as Master Servicer and Wells Fargo Bank, N.A., as Trustee, the
      undersigned, as [ ], hereby notifies you that certain events have come to our
      attention that [will] [may] need to be disclosed on Form
      [10-D][10-K][8-K].

     

    Description
      of Additional Form [10-D][10-K][8-K] Disclosure:

     

     

    List
      of any Attachments hereto to be included in the Additional Form
      [10-D][10-K][8-K] Disclosure:

     

     

    Any
      inquiries related to this notification should be directed to
      [                         
 ], phone number:
      [               
  ]; email address:
      [                   
  ]. 

     

    [NAME
      OF PARTY],

    as
      [role]

     

    By:
      _______________________________

    Name:

    Title:

     

    
      
        
        

      

      
        P-4-1

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      Q-1

     

    FORM
      OF
      BACK-UP SARBANES-OXLEY CERTIFICATION

    [  ]

    [  ]

    [  ]

     

    
      	 	
              Re:

            	
              SARM
                2007-3

            

    

     

    [_______],
      the [_______] of [_______] (the “Company”) hereby certifies to the Depositor,
      the Master Servicer and the Trustee, and each of their officers, directors
      and
      affiliates that:

     

    (1) I
      have
      reviewed [the servicer compliance statement of the Company provided in
      accordance with Item 1123 of Regulation AB (the “Compliance Statement”),] the
      report on assessment of the Company’s compliance with the Servicing Criteria set
      forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in
      accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of
      1934, as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the
“Servicing Assessment”), the registered public accounting firm’s attestation
      report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange
      Act and Section 1122(b) of Regulation AB (the “Attestation
      Report”), and all servicing reports, officer’s certificates and other
      information relating to the servicing of the Mortgage Loans by the Company
      during 200[ ] that were delivered by the Company to any of the Depositor, the
      Master Servicer and the 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, the
      Master Servicer and the Trustee;

     

    (4) I
      am
      responsible for reviewing the activities performed by [_______] as [_______]
      under the [_______] (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] [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, the Master Servicer
      and
      the Trustee. Any material instances of noncompliance described in such reports
      have been disclosed to the Depositor, the Master Servicer and the Trustee.
      Any
      material instance of noncompliance with the Servicing Criteria has been
      disclosed in such reports.

     

    
      
        
        

      

      
        Q-1-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Trust Agreement, dated as of March 1, 2007 (the “Trust Agreement”) by and among
      Structured Asset Securities Corporation, as Depositor, Wells Fargo Bank, N.A.,
      as Trustee and Aurora Loan Services LLC, as Master Servicer. Capitalized terms
      used but not defined herein shall have the meanings given to them in the Trust
      Agreement.

     

    

     

    [_______]

    as
      [_______]

    By:  

    Name:

    Title:

    Date:

    

    
      
        
        

      

      
        Q-1-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      Q-2

     

    

    FORM
      OF
      CERTIFICATION TO BE

    PROVIDED
      BY THE TRUSTEE

    

    
      	
              Re:

            	
              Structured
                Adjustable Rate Mortgage Loan Trust (the “Trust”),
                Mortgage Pass-Through Certificates, Series 2007-3, issued pursuant
                to the
                Trust Agreement, dated as of March 1, 2007, among Structured Asset
                Securities Corporation, as Depositor, Aurora Loan Services, LLC,
                as Master
                Servicer, and Wells Fargo Bank, N.A., as
                Trustee

            

    

     

    The
      Trustee hereby certifies to the Depositor and the Master Servicer, and their
      respective officers, directors and affiliates, and with the knowledge and intent
      that they will rely upon this certification, that:

     

    (1) I
      have
      reviewed the annual report on Form 10-K for the fiscal year [____] (the “Annual
      Report”), and all reports on Form 10-D required to be filed in respect of period
      covered by the Annual Report (collectively with the Annual Report, the
“Reports”), of the Trust;

     

    (2) To
      my
      knowledge, (a) the Reports, taken as a whole, do not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make
      the statements made, in light of the circumstances under which such statements
      were made, not misleading with respect to the period covered by the Annual
      Report, and (b) the Trustee’s assessment of compliance and related attestation
      report referred to below, taken as a whole, do not contain any untrue statement
      of a material fact or omit to state a material fact necessary to make the
      statements made, in light of the circumstances under which such statements
      were
      made, not misleading with respect to the period covered by such assessment
      of
      compliance and attestation report;

     

    (3) To
      my
      knowledge, the distribution information required to be provided by the Trustee
      under the Trust Agreement for inclusion in the Reports is included in the
      Reports;

     

    (4) I
      am
      responsible for reviewing the activities performed by the Trustee under the
      Trust Agreement, and based on my knowledge and the compliance review conducted
      in preparing the assessment of compliance of the Trustee required by the Trust
      Agreement, and except as disclosed in the Reports, the Trustee has fulfilled
      its
      obligations under the Trust Agreement in all material respects; and

     

    (5) The
      report on assessment of compliance with servicing criteria applicable to the
      Trustee for asset-backed securities of the Trustee and each Subcontractor
      utilized by the Trustee and related attestation report on assessment of
      compliance with servicing criteria applicable to it required to be included
      in
      the Annual Report in accordance with Item 1122 of Regulation AB and Exchange
      Act
      Rules 13a-18 and 15d-18 has been included as an exhibit to the Annual Report.
      Any material instances of non-compliance are described in such report and have
      been disclosed in the Annual Report.

     

    
      
        
        

      

      
        Q-2-1

        
          

        

      

      
        
        

      

    

     

    In
      giving
      the certifications above, the Trustee has reasonably relied on information
      provided to it by the following unaffiliated parties: [names of servicer(s),
      master servicer, subservicer(s), depositor, trustee, custodian(s)]

     

    

    Date:_____________________________   

    

    Wells
      Fargo Bank, N.A., as Trustee

    

    _____________________________

    [Signature]

    [Title]

    

    
      
        
        

      

      
        Q-2-2

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      R

     

    

    TRANSACTION
      PARTIES

    

    Sponsor
      and Seller: Lehman Brothers Holdings, Inc.

    

    Depositor:
      Structured Asset Securities Corporation

    

    Trustee:
      Wells Fargo Bank, N.A.

    

    Securities
      Administrator: N/A

    

    Master
      Servicer: Aurora Loan Services LLC

    

    Credit
      Risk Manager: N/A

    

    PMI
      Insurer: N/A

    

    Interest
      Rate Swap Counterparty: ABN AMRO Bank N.V.

    

    Interest
      Rate Cap Counterparty: Lehman Brothers Special Financing, Inc.

    

    Servicers:
      Aurora Loan Services LLC, Countrywide Home Loans Servicing LP, PHH Mortgage
      Corp. and Residential Funding Company, LLC

    

    Originators:
      American
      Home Mortgage Corporation, Countrywide Home Loans, Inc., Freedom Mortgage Corp.,
      Home Loan Corporation, PHH Mortgage Corporation, Lehman Brothers Bank, FSB,
      Meridias Capital, Inc., Mortgage IT, Inc., Residential Funding Company LLC
      and
      Shea Mortgage Inc.

    

    Custodians:
      Deutsche Bank National Trust, LaSalle Bank National Association, U.S. Bank
      National Association and Wells Fargo Bank, N.A.

    

    Seller:
      Lehman Brothers Holdings Inc.

     

    
      
        
        

      

      
        R-1

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

     

    MORTGAGE
      LOAN SCHEDULE

     

    

    On
      file
      at the offices of:

    Dechert
      LLP

    2929
      Arch
      Street

    Philadelphia,
      Pennsylvania 19104

    Attn:
      Steven J. Molitor

    Telephone:
      (215) 994-2777

    Telecopier:
      (215) 994-2222

     

    
      
        
        

      

      
        Sch.
          A-1

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      B

    

    EARLY
      PAYMENT DEFAULT MORTGAGE LOAN SCHEDULE

    

    On
      file
      at the offices of:

    Dechert
      LLP

    2929
      Arch
      Street

    Philadelphia,
      Pennsylvania 19104

    Attn:
      Steven J. Molitor

    Telephone:
      (215) 994-2777

    Telecopier:
      (215) 994-2222

    

    
      
        
        

      

      
        Sch.
          B-1IMPAC
        SECURED ASSETS CORP.,

      Depositor,

       

      
 

      IMPAC
        FUNDING CORPORATION

      Master
        Servicer,

       

      

      and

       

       

      DEUTSCHE
        BANK NATIONAL TRUST COMPANY

      Trustee

       

       

       

       

       

       

      POOLING
        AND SERVICING AGREEMENT

       

      Dated
        as
        of March 1, 2007

       

      ________________________

       

      Mortgage
        Pass-Through Certificates

       

      Series
        2007-2

       

       

      
        

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      TABLE
        OF
        CONTENTS

       

      Page

      

        
          	
                  ARTICLE
                    I
                    DEFINITIONS

                	
                  26

                
	
                  Section
                    1.01.

                	
                  Defined
                    Terms.

                	
                  26

                
	
                  Accrual
                    Period

                	
                  26

                
	
                  Adjustment
                    Date

                	
                  26

                
	
                  Advance

                	
                  26

                
	
                  Affected
                    Party

                	
                  26

                
	
                  Affiliate

                	
                  26

                
	
                  Aggregate
                    Stated Principal Balance

                	
                  26

                
	
                  Agreement

                	
                  26

                
	
                  Allocated
                    Realized Loss Amount

                	
                  26

                
	
                  Assessment
                    of Compliance

                	
                  27

                
	
                  Assignment

                	
                  27

                
	
                  Attestation
                    Report

                	
                  27

                
	
                  Available
                    Distribution Amount

                	
                  27

                
	
                  Bankruptcy
                    Code

                	
                  27

                
	
                  Basic
                    Principal Distribution Amount

                	
                  27

                
	
                  Book-Entry
                    Certificate

                	
                  27

                
	
                  Business
                    Day

                	
                  27

                
	
                  Cap
                    Contracts

                	
                  27

                
	
                  Cap
                    Counterparties

                	
                  28

                
	
                  Cash
                    Liquidation

                	
                  28

                
	
                  Certificate

                	
                  28

                
	
                  Certificate
                    Account

                	
                  28

                
	
                  Certificate
                    Account Deposit Date

                	
                  28

                
	
                  Certificateholder

                	
                  28

                
	
                  Certificate
                    Guaranty Insurance Policy

                	
                  28

                
	
                  Certificate
                    Insurer

                	
                  28

                
	
                  Certificate
                    Margin

                	
                  28

                
	
                  Certificate
                    Owner

                	
                  29

                
	
                  Certificate
                    Principal Balance

                	
                  29

                
	
                  Certificate
                    Register

                	
                  29

                
	
                  Class

                	
                  30

                
	
                  Class
                    1-A Certificates

                	
                  30

                
	
                  Class
                    1-A Principal Distribution Amount

                	
                  30

                
	
                  Class
                    1-A1 Certificates

                	
                  30

                
	
                  Class
                    1-C Distribution Amount

                	
                  30

                
	
                  Class
                    1-IO Interest

                	
                  30

                
	
                  Class
                    1-M Certificates

                	
                  30

                
	
                  Class
                    2-A Principal Distribution Amount

                	
                  30

                
	
                  Class
                    2-C Distribution Amount

                	
                  30

                
	
                  Class
                    2-IO Interest

                	
                  31

                

        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        
          	
                  Class
                    A Certificates

                	
                  31

                
	
                  Class
                    C Certificates

                	
                  31

                
	
                  Class
                    IO Interests

                	
                  31

                
	
                  Class
                    IO Distribution Amount

                	
                  31

                
	
                  Class
                    1-M-4 Interest Reserve Fund Amount

                	
                  31

                
	
                  Class
                    1-M-5 Interest Reserve Fund Amount

                	
                  31

                
	
                  Class
                    1-M-6 Interest Reserve Fund Amount

                	
                  31

                
	
                  Class
                    1-M-7 Interest Reserve Fund Amount

                	
                  31

                
	
                  Class
                    M Interest Reserve Fund

                	
                  31

                
	
                  Class
                    P Certificates

                	
                  31

                
	
                  Class
                    R Certificate

                	
                  31

                
	
                  Class
                    R-1 Interest

                	
                  31

                
	
                  Class
                    R-2 Interest

                	
                  32

                
	
                  Class
                    R-3 Interest

                	
                  32

                
	
                  Class
                    R-4 Interest

                	
                  32

                
	
                  Closing
                    Date

                	
                  32

                
	
                  Code

                	
                  32

                
	
                  Collateral
                    Accounts

                	
                  32

                
	
                  Collateral
                    Value

                	
                  32

                
	
                  Commission

                	
                  32

                
	
                  Compensating
                    Interest

                	
                  32

                
	
                  Conduit
                    Buster

                	
                  32

                
	
                  Countrywide

                	
                  32

                
	
                  Corporate
                    Trust Office

                	
                  32

                
	
                  Corresponding
                    Certificate

                	
                  32

                
	
                  Credit
                    Enhancement Percentage

                	
                  32

                
	
                  Credit
                    Support Annex One

                	
                  33

                
	
                  Credit
                    Support Annex Two

                	
                  33

                
	
                  Credit
                    Support Annex Three

                	
                  33

                
	
                  Credit
                    Support Annex Four

                	
                  33

                
	
                  Credit
                    Support Annex Five

                	
                  33

                
	
                  Cross
                    Collateralized Loss Payments

                	
                  33

                
	
                  Crossable
                    Excess

                	
                  33

                
	
                  Crossable
                    Losses

                	
                  33

                
	
                  Current
                    Report

                	
                  34

                
	
                  Curtailment

                	
                  34

                
	
                  Custodial
                    Account

                	
                  34

                
	
                  Custodian

                	
                  34

                
	
                  Cut-off
                    Date

                	
                  34

                
	
                  Cut-off
                    Date Balance

                	
                  34

                
	
                  Debt
                    Service Coverage Ratio

                	
                  34

                
	
                  Defaulted
                    Mortgage Loan

                	
                  34

                
	
                  Defaulting
                    Party

                	
                  34

                
	
                  Deficiency
                    Amount

                	
                  34

                
	
                  Deficient
                    Valuation

                	
                  35

                
	
                  Definitive
                    Certificate

                	
                  35

                

        

         

        
          
             

          

          
            2

            
              

            

          

          
             

          

        

         

        
          	
                  Deleted
                    Mortgage Loan

                	
                  35

                
	
                  Delinquent

                	
                  35

                
	
                  Depositor

                	
                  35

                
	
                  Depository

                	
                  35

                
	
                  Depository
                    Participant

                	
                  35

                
	
                  Derivative
                    Account

                	
                  35

                
	
                  Determination
                    Date

                	
                  35

                
	
                  Disqualified
                    Organization

                	
                  35

                
	
                  Distribution
                    Date

                	
                  36

                
	
                  Distribution
                    Report

                	
                  36

                
	
                  Due
                    Date

                	
                  36

                
	
                  Due
                    Period

                	
                  36

                
	
                  Eligible
                    Account

                	
                  36

                
	
                  Estimated
                    Swap Termination Payment

                	
                  37

                
	
                  Event
                    of Default

                	
                  37

                
	
                  Excess
                    Proceeds

                	
                  37

                
	
                  Excess
                    Servicing Strip

                	
                  37

                
	
                  Exchange
                    Act

                	
                  37

                
	
                  Extra
                    Principal Distribution Amount

                	
                  37

                
	
                  Fannie
                    Mae

                	
                  37

                
	
                  FDIC

                	
                  37

                
	
                  Final
                    Scheduled Distribution Date

                	
                  37

                
	
                  Freddie
                    Mac

                	
                  37

                
	
                  Gross
                    Margin

                	
                  37

                
	
                  Group
                    1 Cap Contracts

                	
                  38

                
	
                  Group
                    1 Cap Counterparty

                	
                  38

                
	
                  Group
                    1 Certificates

                	
                  38

                
	
                  Group
                    1 Class IO Distribution Amount

                	
                  38

                
	
                  Group
                    1 Collateral Account

                	
                  38

                
	
                  Group
                    1 Credit Support Annexes

                	
                  38

                
	
                  Group
                    1 Custodian

                	
                  38

                
	
                  Group
                    1 Cut-off Date Balance

                	
                  38

                
	
                  Group
                    1 Derivative Account

                	
                  38

                
	
                  Group
                    1 Derivative Contract

                	
                  38

                
	
                  Group
                    1 Derivative Termination Payment

                	
                  38

                
	
                  Group
                    1 Estimated Swap Termination Payment

                	
                  38

                
	
                  Group
                    1 Interest Rate Swap Agreement

                	
                  38

                
	
                  Group
                    1 Loans

                	
                  38

                
	
                  Group
                    1 Marker Rate

                	
                  39

                
	
                  Group
                    1 Maximum Uncertificated Accrued Interest Deferral Amount

                	
                  39

                
	
                  Group
                    1 Net Mortgage Rate

                	
                  39

                
	
                  Group
                    1 Net Swap Payment

                	
                  40

                
	
                  Group
                    1 Net WAC Rate

                	
                  40

                
	
                  Group
                    1 Net WAC Shortfall Reserve Fund

                	
                  40

                
	
                  Group
                    1 Net WAC Shortfall Reserve Fund Deposit

                	
                  40

                
	
                  Group
                    1 Optional Termination

                	
                  40

                

        

         

        
          
             

          

          
            3

            
              

            

          

          
             

          

        

         

        
          	
                  Group
                    1 Overcollateralization Deficiency Amount

                	
                  41

                
	
                  Group
                    1 Overcollateralization Floor

                	
                  41

                
	
                  Group
                    1 Overcollateralization Release Amount

                	
                  41

                
	
                  Group
                    1 Overcollateralization Target Amount

                	
                  41

                
	
                  Group
                    1 Overcollateralized Amount

                	
                  41

                
	
                  Group
                    1 Schedule

                	
                  41

                
	
                  Group
                    1 Stepdown Date

                	
                  41

                
	
                  Group
                    1 Step-Up Date

                	
                  42

                
	
                  Group
                    1 Subordinate Class Principal Distribution Amount

                	
                  42

                
	
                  Group
                    1 Supplemental Interest Trust

                	
                  42

                
	
                  Group
                    1 Supplemental Interest Trust Trustee

                	
                  42

                
	
                  Group
                    1 Swap Optional Termination Payment

                	
                  42

                
	
                  Group
                    1 Swap Provider

                	
                  42

                
	
                  Group
                    1 Trigger Event

                	
                  43

                
	
                  Group
                    2 Cap Contract

                	
                  43

                
	
                  Group
                    2 Cap Counterparty

                	
                  43

                
	
                  Group
                    2 Class IO Distribution Amount

                	
                  43

                
	
                  Group
                    2 Collateral Account

                	
                  43

                
	
                  Group
                    2 Credit Support Annexes

                	
                  43

                
	
                  Group
                    2 Custodian

                	
                  44

                
	
                  Group
                    2 Cut-off Date Balance

                	
                  44

                
	
                  Group
                    2 Derivative Account

                	
                  44

                
	
                  Group
                    2 Derivative Contract

                	
                  44

                
	
                  Group
                    2 Derivative Termination Payment

                	
                  44

                
	
                  Group
                    2 Estimated Swap Termination Payment

                	
                  44

                
	
                  Group
                    2 Marker Rate

                	
                  44

                
	
                  Group
                    2 Maximum Uncertificated Accrued Interest Deferral Amount

                	
                  44

                
	
                  Group
                    2 Interest Rate Swap Agreement

                	
                  45

                
	
                  Group
                    2 Loans

                	
                  45

                
	
                  Group
                    2 Net Mortgage Rate

                	
                  45

                
	
                  Group
                    2 Net Swap Payment

                	
                  45

                
	
                  Group
                    2 Net WAC Rate

                	
                  45

                
	
                  Group
                    2 Net WAC Shortfall Reserve Fund

                	
                  45

                
	
                  Group
                    2 Net WAC Shortfall Reserve Fund Deposit

                	
                  46

                
	
                  Group
                    2 Optional Termination

                	
                  46

                
	
                  Group
                    2 Overcollateralization Deficiency Amount

                	
                  46

                
	
                  Group
                    2 Overcollateralization Floor

                	
                  46

                
	
                  Group
                    2 Overcollateralization Release Amount

                	
                  46

                
	
                  Group
                    2 Overcollateralization Target Amount

                	
                  46

                
	
                  Group
                    2 Overcollateralized Amount

                	
                  46

                
	
                  Group
                    2 Schedule

                	
                  46

                
	
                  Group
                    2 Stepdown Date

                	
                  46

                
	
                  Group
                    2 Step-Up Date

                	
                  47

                
	
                  Group
                    2 Supplemental Interest Trust

                	
                  47

                
	
                  Group
                    2 Supplemental Interest Trust Trustee

                	
                  47

                
	
                  Group
                    2 Swap Optional Termination Payment

                	
                  47

                

        

         

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

         

        
          	
                  Group
                    2 Swap Provider

                	
                  47

                
	
                  Group
                    2 Trigger Event

                	
                  47

                
	
                  Index

                	
                  48

                
	
                  Initial
                    Certificate Principal Balance

                	
                  48

                
	
                  Initial
                    Notional Amount

                	
                  48

                
	
                  Insurance
                    Account

                	
                  48

                
	
                  Insurance
                    Agreement

                	
                  48

                
	
                  Insurance
                    Policy

                	
                  48

                
	
                  Insurance
                    Proceeds

                	
                  48

                
	
                  Insured
                    Amounts

                	
                  48

                
	
                  Insurer
                    Default

                	
                  48

                
	
                  Interest
                    Rate Swap Agreement

                	
                  48

                
	
                  Interest
                    Remittance Amount

                	
                  49

                
	
                  Interest
                    Reserve Fund

                	
                  49

                
	
                  Late
                    Collections

                	
                  49

                
	
                  LIBOR

                	
                  49

                
	
                  LIBOR
                    Business Day

                	
                  49

                
	
                  LIBOR
                    Rate Adjustment Date

                	
                  49

                
	
                  Liquidated
                    Mortgage Loan

                	
                  49

                
	
                  Liquidation
                    Proceeds

                	
                  49

                
	
                  Loan-to-Value
                    Ratio

                	
                  49

                
	
                  Loan
                    Group

                	
                  49

                
	
                  Loan
                    Group 1

                	
                  49

                
	
                  Loan
                    Group 2

                	
                  49

                
	
                  Lost
                    Note Affidavit

                	
                  50

                
	
                  Majority
                    Class C Certificateholder

                	
                  50

                
	
                  Master
                    Servicer

                	
                  50

                
	
                  Master
                    Servicer Prepayment Charge Payment Amount

                	
                  50

                
	
                  Master
                    Servicing Fees

                	
                  50

                
	
                  Master
                    Servicing Fee Rate

                	
                  50

                
	
                  MERS

                	
                  50

                
	
                  MERS®
                    System

                	
                  50

                
	
                  Midland

                	
                  50

                
	
                  MIN

                	
                  50

                
	
                  MOM
                    Loan

                	
                  50

                
	
                  Monthly
                    Interest Distributable Amount

                	
                  50

                
	
                  Monthly
                    Payment

                	
                  51

                
	
                  Moody's

                	
                  51

                
	
                  Mortgage

                	
                  51

                
	
                  Mortgage
                    File

                	
                  51

                
	
                  Mortgage
                    Loan

                	
                  51

                
	
                  Mortgage
                    Loan Purchase Agreement

                	
                  51

                
	
                  Mortgage
                    Loan Schedule

                	
                  51

                
	
                  Mortgage
                    Note

                	
                  52

                
	
                  Mortgage
                    Rate

                	
                  53

                
	
                  Mortgaged
                    Property

                	
                  53

                

        

         

        
          
             

          

          
            5

            
              

            

          

          
             

          

        

         

        
          	
                  Mortgagor

                	
                  53

                
	
                  Net
                    Liquidation Proceeds

                	
                  53

                
	
                  Net
                    Monthly Excess Cashflow

                	
                  53

                
	
                  Net
                    Mortgage Rate

                	
                  53

                
	
                  Net
                    Prepayment Interest Shortfall

                	
                  53

                
	
                  Net
                    Swap Payment

                	
                  53

                
	
                  Net
                    WAC Rate

                	
                  53

                
	
                  Net
                    WAC Shortfall Amount

                	
                  53

                
	
                  Net
                    WAC Shortfall Reserve Fund

                	
                  53

                
	
                  Nonrecoverable
                    Advance

                	
                  54

                
	
                  Non-United
                    States Person

                	
                  54

                
	
                  Notional
                    Balance

                	
                  54

                
	
                  Officers’
                    Certificate

                	
                  54

                
	
                  Offered
                    Certificates

                	
                  54

                
	
                  One
                    Month LIBOR

                	
                  54

                
	
                  Opinion
                    of Counsel

                	
                  54

                
	
                  Optional
                    Termination

                	
                  54

                
	
                  Optional
                    Termination Date

                	
                  54

                
	
                  Outstanding
                    Mortgage Loan

                	
                  55

                
	
                  Overcollateralization
                    Deficiency Amount

                	
                  55

                
	
                  Overcollateralization
                    Floor

                	
                  55

                
	
                  Overcollateralization
                    Release Amount

                	
                  55

                
	
                  Overcollateralization
                    Target Amount

                	
                  55

                
	
                  Overcollateralized
                    Amount

                	
                  55

                
	
                  Ownership
                    Interest

                	
                  55

                
	
                  Pass-Through
                    Rate

                	
                  55

                
	
                  Percentage
                    Interest

                	
                  56

                
	
                  Permitted
                    Investment

                	
                  56

                
	
                  Permitted
                    Transferee

                	
                  57

                
	
                  Person

                	
                  57

                
	
                  PMI
                    Insurer

                	
                  57

                
	
                  PMI
                    Insurer Policy

                	
                  57

                
	
                  PMI
                    Mortgage Loan

                	
                  57

                
	
                  PMI
                    Insurer Fee Rate

                	
                  58

                
	
                  Policy
                    Premium

                	
                  58

                
	
                  Policy
                    Premium Rate

                	
                  58

                
	
                  Preference
                    Amount

                	
                  58

                
	
                  Prepayment
                    Assumption

                	
                  58

                
	
                  Prepayment
                    Charge

                	
                  58

                
	
                  Prepayment
                    Interest Excess

                	
                  58

                
	
                  Prepayment
                    Interest Shortfall

                	
                  58

                
	
                  Prepayment
                    Period

                	
                  58

                
	
                  Primary
                    Hazard Insurance Policy

                	
                  58

                
	
                  Primary
                    Insurance Policy

                	
                  58

                
	
                  Principal
                    Distribution Amount

                	
                  59

                
	
                  Principal
                    Prepayment

                	
                  59

                

        

         

        
          
             

          

          
            6

            
              

            

          

          
             

          

        

         

        
          	
                  Principal
                    Prepayment in Full

                	
                  59

                
	
                  Principal
                    Remittance Amount

                	
                  59

                
	
                  Prospectus
                    Supplement

                	
                  59

                
	
                  Purchase
                    Price

                	
                  59

                
	
                  Qualified
                    Insurer

                	
                  60

                
	
                  Qualified
                    Substitute Mortgage Loan

                	
                  60

                
	
                  Rating
                    Agency

                	
                  60

                
	
                  Realized
                    Loss

                	
                  60

                
	
                  Record
                    Date

                	
                  61

                
	
                  Regular
                    Certificate

                	
                  61

                
	
                  Regulation
                    AB

                	
                  61

                
	
                  Relief
                    Act

                	
                  61

                
	
                  Relief
                    Act Interest Shortfall

                	
                  61

                
	
                  REMIC

                	
                  61

                
	
                  REMIC
                    1

                	
                  61

                
	
                  REMIC
                    1 Regular Interest

                	
                  62

                
	
                  REMIC
                    2

                	
                  62

                
	
                  REMIC
                    2 Regular Interest

                	
                  62

                
	
                  REMIC
                    3

                	
                  63

                
	
                  REMIC
                    3 Group 1 Interest Loss Allocation Amount

                	
                  63

                
	
                  REMIC
                    3 Group 1 Overcollateralized Amount

                	
                  63

                
	
                  REMIC
                    3 Group 1 Principal Loss Allocation Amount

                	
                  63

                
	
                  REMIC
                    3 Group 1 Overcollateralization Target Amount

                	
                  63

                
	
                  REMIC
                    3 Group 1 Regular Interest

                	
                  63

                
	
                  REMIC
                    3 Group 2 Interest Loss Allocation Amount

                	
                  63

                
	
                  REMIC
                    3 Group 2 Overcollateralized Amount

                	
                  64

                
	
                  REMIC
                    3 Group 2 Principal Loss Allocation Amount

                	
                  64

                
	
                  REMIC
                    3 Group 2 Overcollateralization Target Amount

                	
                  64

                
	
                  REMIC
                    3 Group 2 Regular Interest

                	
                  64

                
	
                  REMIC
                    3 Regular Interest

                	
                  64

                
	
                  REMIC
                    4

                	
                  64

                
	
                  REMIC
                    4 Regular Interest

                	
                  64

                
	
                  REMIC
                    Provisions

                	
                  64

                
	
                  REMIC
                    Regular Interest

                	
                  64

                
	
                  Remittance
                    Report

                	
                  65

                
	
                  REO
                    Acquisition

                	
                  65

                
	
                  REO
                    Disposition

                	
                  65

                
	
                  REO
                    Imputed Interest

                	
                  65

                
	
                  REO
                    Proceeds

                	
                  65

                
	
                  REO
                    Property

                	
                  65

                
	
                  Request
                    for Release

                	
                  65

                
	
                  Residual
                    Certificate

                	
                  65

                
	
                  Residual
                    Interest

                	
                  65

                
	
                  Responsible
                    Officer

                	
                  65

                
	
                  Servicing
                    Account

                	
                  65

                
	
                  Servicing
                    Advances

                	
                  66

                

        

         

        
          
             

          

          
            7

            
              

            

          

          
             

          

        

         

        
          	
                  Servicing
                    Criteria

                	
                  66

                
	
                  Servicing
                    Guide

                	
                  66

                
	
                  Servicing
                    Officer

                	
                  66

                
	
                  Single
                    Certificate

                	
                  66

                
	
                  Specially
                    Serviced Group 2 Loan

                	
                  66

                
	
                  Sponsor

                	
                  66

                
	
                  Standard
                    & Poor's

                	
                  66

                
	
                  Startup
                    Day

                	
                  66

                
	
                  Stated
                    Principal Balance

                	
                  66

                
	
                  Step-Up
                    Date

                	
                  67

                
	
                  Stepdown
                    Date

                	
                  67

                
	
                  Stepdown
                    Target Subordination Percentage

                	
                  67

                
	
                  Subordinate
                    Certificates

                	
                  67

                
	
                  Subsequent
                    Recoveries

                	
                  67

                
	
                  Sub-Servicer

                	
                  68

                
	
                  Sub-Servicer
                    Remittance Date

                	
                  68

                
	
                  Sub-Servicing
                    Account

                	
                  68

                
	
                  Sub-Servicing
                    Agreement

                	
                  68

                
	
                  Sub-Servicing
                    Fees

                	
                  68

                
	
                  Sub-Servicing
                    Fee Rate

                	
                  68

                
	
                  Substitution
                    Adjustment

                	
                  68

                
	
                  Supplemental
                    Interest Trust

                	
                  68

                
	
                  Supplemental
                    Interest Trust Trustee

                	
                  68

                
	
                  Swap
                    LIBOR

                	
                  68

                
	
                  Swap
                    Optional Termination Payment

                	
                  68

                
	
                  Swap
                    Provider

                	
                  68

                
	
                  Swap
                    Provider Trigger Event

                	
                  68

                
	
                  Swap
                    Termination Payment

                	
                  69

                
	
                  Tax
                    Matters Person

                	
                  69

                
	
                  Tax
                    Returns

                	
                  69

                
	
                  Transfer

                	
                  69

                
	
                  Transferor

                	
                  69

                
	
                  Trust
                    Fund

                	
                  69

                
	
                  Trustee

                	
                  69

                
	
                  Uncertificated
                    Accrued Interest

                	
                  69

                
	
                  Uncertificated
                    Notional Balance

                	
                  69

                
	
                  Uncertificated
                    Pass-Through Rate

                	
                  73

                
	
                  Uncertificated
                    Principal Balance

                	
                  73

                
	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                	
                  73

                
	
                  Uncertificated
                    REMIC 2 Pass-Through Rate

                	
                  74

                
	
                  Uncertificated
                    REMIC 3 Pass-Through Rate

                	
                  74

                
	
                  Uninsured
                    Cause

                	
                  83

                
	
                  United
                    States Person

                	
                  83

                
	
                  Unpaid
                    Interest Shortfall Amount

                	
                  83

                
	
                  Voting
                    Rights

                	
                  84

                
	
                  Section
                    1.02.

                	
                  Determination
                    of LIBOR.

                	
                  84

                

        

         

        
          
             

          

          
            8

            
              

            

          

          
             

          

        

         

        
          	
                  Section
                    1.03.

                	
                  Allocation
                    of Certain Interest Shortfalls.

                	
                  85

                
	 	 
	
                  ARTICLE
                    II
                    CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF
                    CERTIFICATES

                	
                  87

                
	
                  Section
                    2.01.

                	
                  Conveyance
                    of Mortgage Loans.

                	
                  87

                
	
                  Section
                    2.02.

                	
                  Acceptance
                    of the Trust Fund by the Trustee.

                	
                  91

                
	
                  Section
                    2.03.

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

                	
                  92

                
	
                  Section
                    2.04.

                	
                  Representations
                    and Warranties of the Sponsor.

                	
                  94

                
	
                  Section
                    2.05.

                	
                  Issuance
                    of Certificates; Conveyance of REMIC 1 Regular Interests, Class
                    C
                    Interest, Class P Interest and Acceptance of REMIC 2, REMIC 3
                    and REMIC 4
                    by the Trustee.

                	
                  96

                
	
                  Section
                    2.06.

                	
                  Purposes
                    and Powers of the Trust.

                	
                  97

                
	 	 
	
                  ARTICLE
                    III
                    ADMINISTRATION AND SERVICING OF THE TRUST FUND

                	
                  99

                
	
                  Section
                    3.01.

                	
                  Master
                    Servicer to Act as Master Servicer.

                	
                  99

                
	
                  Section
                    3.02.

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

                	
                  101

                
	
                  Section
                    3.03.

                	
                  Successor
                    Sub-Servicers.

                	
                  102

                
	
                  Section
                    3.04.

                	
                  Liability
                    of the Master Servicer.

                	
                  102

                
	
                  Section
                    3.05.

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

                	
                  102

                
	
                  Section
                    3.06.

                	
                  Assumption
                    or Termination of Sub-Servicing Agreements by Trustee.

                	
                  103

                
	
                  Section
                    3.07.

                	
                  Collection
                    of Certain Mortgage Loan Payments.

                	
                  103

                
	
                  Section
                    3.08.

                	
                  Sub-Servicing
                    Accounts.

                	
                  104

                
	
                  Section
                    3.09.

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

                	
                  105

                
	
                  Section
                    3.10.

                	
                  Custodial
                    Account.

                	
                  105

                
	
                  Section
                    3.11.

                	
                  Permitted
                    Withdrawals From the Custodial Account.

                	
                  106

                
	
                  Section
                    3.12.

                	
                  Permitted
                    Investments.

                	
                  107

                
	
                  Section
                    3.13.

                	
                  Maintenance
                    of Primary Hazard Insurance.

                	
                  108

                
	
                  Section
                    3.14.

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

                	
                  110

                
	
                  Section
                    3.15.

                	
                  Realization
                    Upon Defaulted Mortgage Loans.

                	
                  111

                
	
                  Section
                    3.16.

                	
                  Trustee
                    to Cooperate; Release of Mortgage Files.

                	
                  112

                
	
                  Section
                    3.17.

                	
                  Servicing
                    Compensation.

                	
                  114

                
	
                  Section
                    3.18.

                	
                  Maintenance
                    of Certain Servicing Policies.

                	
                  114

                
	
                  Section
                    3.19.

                	
                  Annual
                    Statement as to Compliance.

                	
                  115

                
	
                  Section
                    3.20.

                	
                  Assessments
                    of Compliance and Attestation Reports.

                	
                  115

                
	
                  Section
                    3.21.

                	
                  Access
                    to Certain Documentation.

                	
                  117

                
	
                  Section
                    3.22.

                	
                  Title,
                    Conservation and Disposition of REO Property.

                	
                  117

                
	
                  Section
                    3.23.

                	
                  Additional
                    Obligations of the Master Servicer.

                	
                  119

                
	
                  Section
                    3.24.

                	
                  Additional
                    Obligations of the Depositor.

                	
                  119

                
	
                  Section
                    3.25.

                	
                  Exchange
                    Act Reporting.

                	
                  120

                

        

         

        
          
             

          

          
            9

            
              

            

          

          
             

          

        

         

        
          	
                  Section
                    3.26.

                	
                  Intention
                    of the Parties and Interpretation.

                	
                  123

                
	
                  Section
                    3.27.

                	
                  Optional
                    Purchase of Certain Mortgage Loans.

                	
                  124

                
	 	 
	
                  ARTICLE
                    IV
                    PAYMENTS TO CERTIFICATEHOLDERS

                	
                  125

                
	
                  Section
                    4.01.

                	
                  Distributions.

                	
                  125

                
	
                  Section
                    4.02.

                	
                  Statements
                    to Certificateholders.

                	
                  135

                
	
                  Section
                    4.03.

                	
                  Remittance
                    Reports; Advances by the Master Servicer.

                	
                  138

                
	
                  Section
                    4.04.

                	
                  Distributions
                    on the REMIC Regular Interests.

                	
                  140

                
	
                  Section
                    4.05.

                	
                  Allocation
                    of Realized Losses.

                	
                  144

                
	
                  Section
                    4.06.

                	
                  Information
                    Reports to Be Filed by the Master Servicer.

                	
                  147

                
	
                  Section
                    4.07.

                	
                  Compliance
                    with Withholding Requirements.

                	
                  148

                
	
                  Section
                    4.08.

                	
                  Group
                    1 Net WAC Shortfall Reserve Fund.

                	
                  148

                
	
                  Section
                    4.09.

                	
                  Group
                    2 Net WAC Shortfall Reserve Fund.

                	
                  149

                
	
                  Section
                    4.10.

                	
                  Group
                    1 Supplemental Interest Trust.

                	
                  150

                
	
                  Section
                    4.11.

                	
                  Group
                    2 Supplemental Interest Trust.

                	
                  153

                
	
                  Section
                    4.12.

                	
                  Tax
                    Treatment of Class IO Distribution Amounts in the Event of
                    Resecuritization of Class 1-A, Class 2-A, Class 1-M or Class
                    1-B
                    Certificates.

                	
                  156

                
	
                  Section
                    4.13.

                	
                  The
                    Certificate Guaranty Insurance Policy

                	
                  157

                
	
                  Section
                    4.14.

                	
                  Collateral
                    Accounts

                	
                  159

                
	
                  Section
                    4.15.

                	
                  Class
                    M Interest Reserve Fund.

                	
                  161

                
	 	 
	
                  ARTICLE
                    V
                    THE CERTIFICATES

                	
                  163

                
	
                  Section
                    5.01.

                	
                  The
                    Certificates.

                	
                  163

                
	
                  Section
                    5.02.

                	
                  Registration
                    of Transfer and Exchange of Certificates.

                	
                  164

                
	
                  Section
                    5.03.

                	
                  Mutilated,
                    Destroyed, Lost or Stolen Certificates.

                	
                  170

                
	
                  Section
                    5.04.

                	
                  Persons
                    Deemed Owners.

                	
                  170

                
	
                  Section
                    5.05.

                	
                  Rule
                    144A Information.

                	
                  171

                
	 	 
	
                  ARTICLE
                    VI
                    THE Depositor AND THE MASTER SERVICER

                	
                  172

                
	
                  Section
                    6.01.

                	
                  Liability
                    of the Depositor and the Master Servicer.

                	
                  172

                
	
                  Section
                    6.02.

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

                	
                  172

                
	
                  Section
                    6.03.

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

                	
                  172

                
	
                  Section
                    6.04.

                	
                  Limitation
                    on Resignation of the Master Servicer.

                	
                  173

                
	
                  Section
                    6.05.

                	
                  Sale
                    and Assignment of Master Servicing.

                	
                  174

                
	 	 
	
                  ARTICLE
                    VII
                    DEFAULT

                	
                  175

                
	
                  Section
                    7.01.

                	
                  Events
                    of Default.

                	
                  175

                

        

         

        
          
             

          

          
            10

            
              

            

          

          
             

          

        

         

        
          	
                  Section
                    7.02.

                	
                  Trustee
                    to Act; Appointment of Successor.

                	
                  177

                
	
                  Section
                    7.03.

                	
                  Notification
                    to Certificateholders.

                	
                  178

                
	
                  Section
                    7.04.

                	
                  Waiver
                    of Events of Default.

                	
                  178

                
	
                  Section
                    7.05.

                	
                  List
                    of Certificateholders.

                	
                  179

                
	 	 
	
                  ARTICLE
                    VIII
                    CONCERNING THE TRUSTEE

                	
                  180

                
	
                  Section
                    8.01.

                	
                  Duties
                    of Trustee.

                	
                  180

                
	
                  Section
                    8.02.

                	
                  Certain
                    Matters Affecting the Trustee.

                	
                  181

                
	
                  Section
                    8.03.

                	
                  Trustee
                    Not Liable for Certificates or Mortgage Loans.

                	
                  183

                
	
                  Section
                    8.04.

                	
                  Trustee
                    May Own Certificates.

                	
                  183

                
	
                  Section
                    8.05.

                	
                  Trustee’s
                    Fees.

                	
                  183

                
	
                  Section
                    8.06.

                	
                  Eligibility
                    Requirements for Trustee.

                	
                  184

                
	
                  Section
                    8.07.

                	
                  Resignation
                    and Removal of the Trustee.

                	
                  184

                
	
                  Section
                    8.08.

                	
                  Successor
                    Trustee.

                	
                  185

                
	
                  Section
                    8.09.

                	
                  Merger
                    or Consolidation of Trustee.

                	
                  186

                
	
                  Section
                    8.10.

                	
                  Appointment
                    of Co-Trustee or Separate Trustee.

                	
                  186

                
	 	 
	
                  ARTICLE
                    IX
                    TERMINATION

                	
                  188

                
	
                  Section
                    9.01.

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

                	
                  188

                
	
                  Section
                    9.02.

                	
                  Termination
                    of REMIC 4 and Retirement of Class R Certificates.

                	
                  195

                
	
                  Section
                    9.03.

                	
                  Additional
                    Termination Requirements.

                	
                  195

                
	 	 
	
                  ARTICLE
                    X
                    REMIC PROVISIONS

                	
                  197

                
	
                  Section
                    10.01.

                	
                  REMIC
                    Administration.

                	
                  197

                
	
                  Section
                    10.02.

                	
                  Prohibited
                    Transactions and Activities.

                	
                  200

                
	
                  Section
                    10.03.

                	
                  Master
                    Servicer and Trustee Indemnification.

                	
                  200

                
	 	 
	
                  ARTICLE
                    XI
                    MISCELLANEOUS PROVISIONS

                	
                  201

                
	
                  Section
                    11.01.

                	
                  Amendment.

                	
                  201

                
	
                  Section
                    11.02.

                	
                  Recordation
                    of Agreement; Counterparts.

                	
                  202

                
	
                  Section
                    11.03.

                	
                  Limitation
                    on Rights of Certificateholders.

                	
                  203

                
	
                  Section
                    11.04.

                	
                  Governing
                    Law.

                	
                  204

                
	
                  Section
                    11.05.

                	
                  Notices.

                	
                  204

                
	
                  Section
                    11.06.

                	
                  Severability
                    of Provisions.

                	
                  204

                
	
                  Section
                    11.07.

                	
                  Successors
                    and Assigns.

                	
                  204

                
	
                  Section
                    11.08.

                	
                  Article
                    and Section Headings.

                	
                  205

                
	
                  Section
                    11.09.

                	
                  Notice
                    to Rating Agencies.

                	
                  205

                
	
                  Section
                    11.10.

                	
                  Rights
                    of the Certificate Insurer.

                	
                  205

                
	
                  Section
                    11.11.

                	
                  Control
                    by the Certificate Insurer.

                	
                  206

                
	
                  Section
                    11.12.

                	
                  Third
                    Party Rights.

                	
                  207

                

        

      

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      Signatures

      Acknowledgments

       

      
        	
                Exhibit
                  A

              	
                Form
                  of Class A Certificate

              

      

      
        	
                Exhibit
                  B-1

              	
                Form
                  of Class [M][B] Certificate

              

      

      
        	
                Exhibit
                  B-2

              	
                Form
                  of Class C Certificate

              

      

      
        	
                Exhibit
                  B-3

              	
                Form
                  of Class P Certificate

              

      

      
        	
                Exhibit
                  B-4

              	
                Form
                  of Class R Certificate

              

      

      
        	
                Exhibit
                  C

              	
                Form
                  of Custodian Initial Certification

              

      

      
        	
                Exhibit
                  D

              	
                Form
                  of Custodian Final Certification

              

      

      
        	
                Exhibit
                  E

              	
                Form
                  of Remittance Report

              

      

      
        	
                Exhibit
                  F-1

              	
                Request
                  for Release

              

      

      
        	
                Exhibit
                  F-2

              	
                Request
                  for Release for Mortgage Loans Paid in
                  Full

              

      

      
        	
                Exhibit
                  G-1

              	
                Form
                  of Investor Representation Letter

              

      

      
        	
                Exhibit
                  G-2

              	
                Form
                  of Transferor Representation Letter

              

      

      
        	
                Exhibit
                  G-3

              	
                Form
                  of Rule 144A Investment
                  Representation

              

      

      
        	
                Exhibit
                  G-4

              	
                Transferor
                  Certificate for Transfers of Residual
                  Certificates

              

      

      
        	
                Exhibit
                  G-5

              	
                Transfer
                  Affidavit and Agreement for Transfers of Residual
                  Certificates

              

      

      
        	
                Exhibit
                  H

              	
                Mortgage
                  Loan Schedule

              

      

      
        	
                Exhibit
                  I

              	
                Sponsor
                  Representations and Warranties

              

      

      
        	
                Exhibit
                  J

              	
                Form
                  of Notice Under Section 3.24

              

      

      
        	
                Exhibit
                  K

              	
                Impac
                  Funding Corporation Servicing Guide

              

      

      
        	
                Exhibit
                  L-1

              	
                Form
                  10-K Certification

              

      

      
        	
                Exhibit
                  L-2

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

              

      

      
        	
                Exhibit
                  L-3

              	
                Form
                  10-K Back-up Certification
                  (Trustee)

              

      

      
        	
                Exhibit
                  L-4

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

              

      

      
        	
                Exhibit
                  M-1

              	
                Form
                  of Interest Rate Swap Agreement

              

      

      
        	
                Exhibit
                  M-2

              	
                Form
                  of Cap Contract

              

      

      
        	
                Exhibit
                  N

              	
                Servicing
                  Criteria to be Addressed in Assessment of
                  Compliance

              

      

      
        	
                Exhibit
                  O

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

              

      

      
        	
                Exhibit
                  P 

              	
                Additional
                  Disclosure Notification

              

      

      
        	
                Exhibit
                  Q 

              	
                Form
                  of Countrywide Servicing Agreement

              

      

      
        	
                Exhibit
                  R

              	
                Form
                  of Midland Servicing Agreement

              

      

      

       

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

       

      PRELIMINARY
        STATEMENT:

       

      The
        Depositor intends to sell pass-through certificates (collectively, the
“Certificates”), to be issued hereunder in multiple classes, which in the
        aggregate will evidence the entire beneficial ownership interest in the Trust
        Fund created hereunder. The Certificates will consist of nineteen classes
        of
        certificates, designated as (i) the Class 1-A1-A Certificates, (ii) the Class
        1-A1-B Certificates, (iii) the Class 1-A1-C Certificates, (iv) the Class
        1-AM
        Certificates, (v) the Class 2-A Certificates, (vi) the Class 1-M-1 Certificates,
        (vii) the Class 1-M-2 Certificates, (viii) the Class 1-M-3 Certificates,
        (ix)
        the Class 1-M-4 Certificates, (x) the Class 1-M-5 Certificates, (xi) the
        Class
        1-M-6 Certificates, (xii) the Class 1-M-7 Certificates, (xiii) the Class
        1-M-8
        Certificates, (xiv) the Class 1-B Certificates, (xv) the Class 1-C Certificates,
        (xvi) the Class 2-C Certificates, (xvii) the Class 1-P Certificates, (xviii)
        the
        Class 2-P Certificates, and (xix) the Class R Certificates.

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      REMIC
        1

       

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

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-1-A

              	
                Variable(2)

              	
                $               2,931,419.42

              	
                April
                  2037

              
	
                1-1-B

              	
                Variable(2)

              	
                $               2,931,419.42

              	
                April
                  2037

              
	
                1-2-A

              	
                Variable(2)

              	
                $               4,621,932.41

              	
                April
                  2037

              
	
                1-2-B

              	
                Variable(2)

              	
                $               4,621,932.41

              	
                April
                  2037

              
	
                1-3-A

              	
                Variable(2)

              	
                $               6,337,754.04

              	
                April
                  2037

              
	
                1-3-B

              	
                Variable(2)

              	
                $               6,337,754.04

              	
                April
                  2037

              
	
                1-4-A

              	
                Variable(2)

              	
                $               8,063,405.38

              	
                April
                  2037

              
	
                1-4-B

              	
                Variable(2)

              	
                $               8,063,405.38

              	
                April
                  2037

              
	
                1-5-A

              	
                Variable(2)

              	
                $               9,783,088.61

              	
                April
                  2037

              
	
                1-5-B

              	
                Variable(2)

              	
                $               9,783,088.61

              	
                April
                  2037

              
	
                1-6-A

              	
                Variable(2)

              	
                $             11,478,869.78

              	
                April
                  2037

              
	
                1-6-B

              	
                Variable(2)

              	
                $             11,478,869.78

              	
                April
                  2037

              
	
                1-7-A

              	
                Variable(2)

              	
                $             13,129,670.82

              	
                April
                  2037

              
	
                1-7-B

              	
                Variable(2)

              	
                $             13,129,670.82

              	
                April
                  2037

              
	
                1-8-A

              	
                Variable(2)

              	
                $             14,705,652.64

              	
                April
                  2037

              
	
                1-8-B

              	
                Variable(2)

              	
                $             14,705,652.64

              	
                April
                  2037

              
	
                1-9-A

              	
                Variable(2)

              	
                $             16,174,523.40

              	
                April
                  2037

              
	
                1-9-B

              	
                Variable(2)

              	
                $             16,174,523.40

              	
                April
                  2037

              
	
                1-10-A

              	
                Variable(2)

              	
                $             16,984,631.84

              	
                April
                  2037

              

      

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-10-B

              	
                Variable(2)

              	
                $             16,984,631.84

              	
                April
                  2037

              
	
                1-11-A

              	
                Variable(2)

              	
                $             17,620,405.11

              	
                April
                  2037

              
	
                1-11-B

              	
                Variable(2)

              	
                $             17,620,405.11

              	
                April
                  2037

              
	
                1-12-A

              	
                Variable(2)

              	
                $             16,913,729.48

              	
                April
                  2037

              
	
                1-12-B

              	
                Variable(2)

              	
                $             16,913,729.48

              	
                April
                  2037

              
	
                1-13-A

              	
                Variable(2)

              	
                $             16,097,844.69

              	
                April
                  2037

              
	
                1-13-B

              	
                Variable(2)

              	
                $             16,097,844.69

              	
                April
                  2037

              
	
                1-14-A

              	
                Variable(2)

              	
                $             15,321,069.99

              	
                April
                  2037

              
	
                1-14-B

              	
                Variable(2)

              	
                $             15,321,069.99

              	
                April
                  2037

              
	
                1-15-A

              	
                Variable(2)

              	
                $             14,581,621.12

              	
                April
                  2037

              
	
                1-15-B

              	
                Variable(2)

              	
                $             14,581,621.12

              	
                April
                  2037

              
	
                1-16-A

              	
                Variable(2)

              	
                $             13,877,654.00

              	
                April
                  2037

              
	
                1-16-B

              	
                Variable(2)

              	
                $             13,877,654.00

              	
                April
                  2037

              
	
                1-17-A

              	
                Variable(2)

              	
                $             13,207,540.26

              	
                April
                  2037

              
	
                1-17-B

              	
                Variable(2)

              	
                $             13,207,540.26

              	
                April
                  2037

              
	
                1-18-A

              	
                Variable(2)

              	
                $             12,569,528.09

              	
                April
                  2037

              
	
                1-18-B

              	
                Variable(2)

              	
                $             12,569,528.09

              	
                April
                  2037

              
	
                1-19-A

              	
                Variable(2)

              	
                $             11,962,078.26

              	
                April
                  2037

              
	
                1-19-B

              	
                Variable(2)

              	
                $             11,962,078.26

              	
                April
                  2037

              
	
                1-20-A

              	
                Variable(2)

              	
                $             11,383,932.77

              	
                April
                  2037

              
	
                1-20-B

              	
                Variable(2)

              	
                $             11,383,932.77

              	
                April
                  2037

              
	
                1-21-A

              	
                Variable(2)

              	
                $             10,833,541.27

              	
                April
                  2037

              
	
                1-21-B

              	
                Variable(2)

              	
                $             10,833,541.27

              	
                April
                  2037

              
	
                1-22-A

              	
                Variable(2)

              	
                $             10,414,046.83

              	
                April
                  2037

              
	
                1-22-B

              	
                Variable(2)

              	
                $             10,414,046.83

              	
                April
                  2037

              
	
                1-23-A

              	
                Variable(2)

              	
                $               9,939,742.17

              	
                April
                  2037

              
	
                1-23-B

              	
                Variable(2)

              	
                $               9,939,742.17

              	
                April
                  2037

              
	
                1-24-A

              	
                Variable(2)

              	
                $               9,568,996.17

              	
                April
                  2037

              
	
                1-24-B

              	
                Variable(2)

              	
                $               9,568,996.17

              	
                April
                  2037

              
	
                1-25-A

              	
                Variable(2)

              	
                $               9,113,087.46

              	
                April
                  2037

              
	
                1-25-B

              	
                Variable(2)

              	
                $               9,113,087.46

              	
                April
                  2037

              
	
                1-26-A

              	
                Variable(2)

              	
                $               8,615,713.02

              	
                April
                  2037

              
	
                1-26-B

              	
                Variable(2)

              	
                $               8,615,713.02

              	
                April
                  2037

              
	
                1-27-A

              	
                Variable(2)

              	
                $               8,154,715.17

              	
                April
                  2037

              
	
                1-27-B

              	
                Variable(2)

              	
                $               8,154,715.17

              	
                April
                  2037

              
	
                1-28-A

              	
                Variable(2)

              	
                $               7,725,476.59

              	
                April
                  2037

              
	
                1-28-B

              	
                Variable(2)

              	
                $               7,725,476.59

              	
                April
                  2037

              
	
                1-29-A

              	
                Variable(2)

              	
                $               7,317,146.46

              	
                April
                  2037

              
	
                1-29-B

              	
                Variable(2)

              	
                $               7,317,146.46

              	
                April
                  2037

              
	
                1-30-A

              	
                Variable(2)

              	
                $               6,936,364.39

              	
                April
                  2037

              
	
                1-30-B

              	
                Variable(2)

              	
                $               6,936,364.39

              	
                April
                  2037

              
	
                1-31-A

              	
                Variable(2)

              	
                $               6,573,433.08

              	
                April
                  2037

              
	
                1-31-B

              	
                Variable(2)

              	
                $               6,573,433.08

              	
                April
                  2037

              

      

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-32-A

              	
                Variable(2)

              	
                $               5,825,497.26

              	
                April
                  2037

              
	
                1-32-B

              	
                Variable(2)

              	
                $               5,825,497.26

              	
                April
                  2037

              
	
                1-33-A

              	
                Variable(2)

              	
                $             28,999,427.46

              	
                April
                  2037

              
	
                1-33-B

              	
                Variable(2)

              	
                $             28,999,427.46

              	
                April
                  2037

              
	
                1-34-A

              	
                Variable(2)

              	
                $               2,622,851.95

              	
                April
                  2037

              
	
                1-34-B

              	
                Variable(2)

              	
                $               2,622,851.95

              	
                April
                  2037

              
	
                1-35-A

              	
                Variable(2)

              	
                $               2,543,227.25

              	
                April
                  2037

              
	
                1-35-B

              	
                Variable(2)

              	
                $               2,543,227.25

              	
                April
                  2037

              
	
                1-36-A

              	
                Variable(2)

              	
                $               2,466,052.47

              	
                April
                  2037

              
	
                1-36-B

              	
                Variable(2)

              	
                $               2,466,052.47

              	
                April
                  2037

              
	
                1-37-A

              	
                Variable(2)

              	
                $               2,391,096.10

              	
                April
                  2037

              
	
                1-37-B

              	
                Variable(2)

              	
                $               2,391,096.10

              	
                April
                  2037

              
	
                1-38-A

              	
                Variable(2)

              	
                $               2,318,491.71

              	
                April
                  2037

              
	
                1-38-B

              	
                Variable(2)

              	
                $               2,318,491.71

              	
                April
                  2037

              
	
                1-39-A

              	
                Variable(2)

              	
                $               2,248,072.88

              	
                April
                  2037

              
	
                1-39-B

              	
                Variable(2)

              	
                $               2,248,072.88

              	
                April
                  2037

              
	
                1-40-A

              	
                Variable(2)

              	
                $               2,179,733.24

              	
                April
                  2037

              
	
                1-40-B

              	
                Variable(2)

              	
                $               2,179,733.24

              	
                April
                  2037

              
	
                1-41-A

              	
                Variable(2)

              	
                $               2,113,511.46

              	
                April
                  2037

              
	
                1-41-B

              	
                Variable(2)

              	
                $               2,113,511.46

              	
                April
                  2037

              
	
                1-42-A

              	
                Variable(2)

              	
                $               2,049,236.26

              	
                April
                  2037

              
	
                1-42-B

              	
                Variable(2)

              	
                $               2,049,236.26

              	
                April
                  2037

              
	
                1-43-A

              	
                Variable(2)

              	
                $               1,986,991.39

              	
                April
                  2037

              
	
                1-43-B

              	
                Variable(2)

              	
                $               1,986,991.39

              	
                April
                  2037

              
	
                1-44-A

              	
                Variable(2)

              	
                $               1,926,505.63

              	
                April
                  2037

              
	
                1-44-B

              	
                Variable(2)

              	
                $               1,926,505.63

              	
                April
                  2037

              
	
                1-45-A

              	
                Variable(2)

              	
                $               1,867,912.82

              	
                April
                  2037

              
	
                1-45-B

              	
                Variable(2)

              	
                $               1,867,912.82

              	
                April
                  2037

              
	
                1-46-A

              	
                Variable(2)

              	
                $               1,811,076.81

              	
                April
                  2037

              
	
                1-46-B

              	
                Variable(2)

              	
                $               1,811,076.81

              	
                April
                  2037

              
	
                1-47-A

              	
                Variable(2)

              	
                $               1,755,926.50

              	
                April
                  2037

              
	
                1-47-B

              	
                Variable(2)

              	
                $               1,755,926.50

              	
                April
                  2037

              
	
                1-48-A

              	
                Variable(2)

              	
                $               1,702,460.80

              	
                April
                  2037

              
	
                1-48-B

              	
                Variable(2)

              	
                $               1,702,460.80

              	
                April
                  2037

              
	
                1-49-A

              	
                Variable(2)

              	
                $               1,650,623.69

              	
                April
                  2037

              
	
                1-49-B

              	
                Variable(2)

              	
                $               1,650,623.69

              	
                April
                  2037

              
	
                1-50-A

              	
                Variable(2)

              	
                $               1,600,404.15

              	
                April
                  2037

              
	
                1-50-B

              	
                Variable(2)

              	
                $               1,600,404.15

              	
                April
                  2037

              
	
                1-51-A

              	
                Variable(2)

              	
                $               1,551,666.21

              	
                April
                  2037

              
	
                1-51-B

              	
                Variable(2)

              	
                $               1,551,666.21

              	
                April
                  2037

              
	
                1-52-A

              	
                Variable(2)

              	
                $               1,504,378.90

              	
                April
                  2037

              
	
                1-52-B

              	
                Variable(2)

              	
                $               1,504,378.90

              	
                April
                  2037

              
	
                1-53-A

              	
                Variable(2)

              	
                $               1,458,536.32

              	
                April
                  2037

              

      

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-53-B

              	
                Variable(2)

              	
                $               1,458,536.32

              	
                April
                  2037

              
	
                1-54-A

              	
                Variable(2)

              	
                $               6,961,937.56

              	
                April
                  2037

              
	
                1-54-B

              	
                Variable(2)

              	
                $               6,961,937.56

              	
                April
                  2037

              
	
                1-55-A

              	
                Variable(2)

              	
                $             18,768,396.77

              	
                April
                  2037

              
	
                1-55-B

              	
                Variable(2)

              	
                $             18,768,396.77

              	
                April
                  2037

              
	
                1-56-A

              	
                Variable(2)

              	
                $             11,718,208.09

              	
                April
                  2037

              
	
                1-56-B

              	
                Variable(2)

              	
                $             11,718,208.09

              	
                April
                  2037

              
	
                1-57-A

              	
                Variable(2)

              	
                $               7,658,925.71

              	
                April
                  2037

              
	
                1-57-B

              	
                Variable(2)

              	
                $               7,658,925.71

              	
                April
                  2037

              
	
                1-58-A

              	
                Variable(2)

              	
                $                    25,948.84

              	
                April
                  2037

              
	
                1-58-B

              	
                Variable(2)

              	
                $                    25,948.84

              	
                April
                  2037

              
	
                1-59-A

              	
                Variable(2)

              	
                $                    25,156.72

              	
                April
                  2037

              
	
                1-59-B

              	
                Variable(2)

              	
                $                    25,156.72

              	
                April
                  2037

              
	
                1-60-A

              	
                Variable(2)

              	
                $                    24,388.60

              	
                April
                  2037

              
	
                1-60-B

              	
                Variable(2)

              	
                $                    24,388.60

              	
                April
                  2037

              
	
                1-61-A

              	
                Variable(2)

              	
                $                    23,643.74

              	
                April
                  2037

              
	
                1-61-B

              	
                Variable(2)

              	
                $                    23,643.74

              	
                April
                  2037

              
	
                1-62-A

              	
                Variable(2)

              	
                $                    22,921.47

              	
                April
                  2037

              
	
                1-62-B

              	
                Variable(2)

              	
                $                    22,921.47

              	
                April
                  2037

              
	
                1-63-A

              	
                Variable(2)

              	
                $                    22,221.08

              	
                April
                  2037

              
	
                1-63-B

              	
                Variable(2)

              	
                $                    22,221.08

              	
                April
                  2037

              
	
                1-64-A

              	
                Variable(2)

              	
                $                    21,541.93

              	
                April
                  2037

              
	
                1-64-B

              	
                Variable(2)

              	
                $                    21,541.93

              	
                April
                  2037

              
	
                1-65-A

              	
                Variable(2)

              	
                $                    20,883.38

              	
                April
                  2037

              
	
                1-65-B

              	
                Variable(2)

              	
                $                    20,883.38

              	
                April
                  2037

              
	
                1-66-A

              	
                Variable(2)

              	
                $                    20,244.80

              	
                April
                  2037

              
	
                1-66-B

              	
                Variable(2)

              	
                $                    20,244.80

              	
                April
                  2037

              
	
                1-67-A

              	
                Variable(2)

              	
                $                    19,625.58

              	
                April
                  2037

              
	
                1-67-B

              	
                Variable(2)

              	
                $                    19,625.58

              	
                April
                  2037

              
	
                1-68-A

              	
                Variable(2)

              	
                $                    19,025.17

              	
                April
                  2037

              
	
                1-68-B

              	
                Variable(2)

              	
                $                    19,025.17

              	
                April
                  2037

              
	
                1-69-A

              	
                Variable(2)

              	
                $                    18,442.96

              	
                April
                  2037

              
	
                1-69-B

              	
                Variable(2)

              	
                $                    18,442.96

              	
                April
                  2037

              
	
                1-70-A

              	
                Variable(2)

              	
                $                    17,878.43

              	
                April
                  2037

              
	
                1-70-B

              	
                Variable(2)

              	
                $                    17,878.43

              	
                April
                  2037

              
	
                1-71-A

              	
                Variable(2)

              	
                $                    17,331.05

              	
                April
                  2037

              
	
                1-71-B

              	
                Variable(2)

              	
                $                    17,331.05

              	
                April
                  2037

              
	
                1-72-A

              	
                Variable(2)

              	
                $                    16,800.28

              	
                April
                  2037

              
	
                1-72-B

              	
                Variable(2)

              	
                $                    16,800.28

              	
                April
                  2037

              
	
                1-73-A

              	
                Variable(2)

              	
                $                    16,285.64

              	
                April
                  2037

              
	
                1-73-B

              	
                Variable(2)

              	
                $                    16,285.64

              	
                April
                  2037

              
	
                1-74-A

              	
                Variable(2)

              	
                $                    15,786.62

              	
                April
                  2037

              
	
                1-74-B

              	
                Variable(2)

              	
                $                    15,786.62

              	
                April
                  2037

              

      

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-75-A

              	
                Variable(2)

              	
                $                    15,302.77

              	
                April
                  2037

              
	
                1-75-B

              	
                Variable(2)

              	
                $                    15,302.77

              	
                April
                  2037

              
	
                1-76-A

              	
                Variable(2)

              	
                $                    14,833.63

              	
                April
                  2037

              
	
                1-76-B

              	
                Variable(2)

              	
                $                    14,833.63

              	
                April
                  2037

              
	
                1-77-A

              	
                Variable(2)

              	
                $                    14,378.74

              	
                April
                  2037

              
	
                1-77-B

              	
                Variable(2)

              	
                $                    14,378.74

              	
                April
                  2037

              
	
                1-78-A

              	
                Variable(2)

              	
                $                  449,154.60

              	
                April
                  2037

              
	
                1-78-B

              	
                Variable(2)

              	
                $                  449,154.60

              	
                April
                  2037

              
	
                P

              	
                Variable(2)

              	
                $                        100.00

              	
                April
                  2037

              
	
                OC

              	
                Variable(2)

              	
                $          268,170,783.71

              	
                April
                  2037

              

      

      ___________________

      
        	
                (1)

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

              

      

      
        	
                (2)

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

              

      

       

      REMIC
        2

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of Loan Group 2 and certain other related assets (other than the
        Group 2 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment
        Charge Payment Amounts and, for the avoidance of doubt, the Group 2 Supplemental
        Interest Trust, the Group 2 Derivative Account, the Group 2 Interest Rate
        Swap
        Agreement, the Group 2 Cap Contract and the Group 2 Collateral Account) subject
        to this Agreement as a REMIC for federal income tax purposes, and such
        segregated pool of assets will be designated as “REMIC 2.” The Class R-2
        Interest will be the sole class of Residual Interests in REMIC 2 for purposes
        of
        the REMIC Provisions. The following table irrevocably sets forth the
        designation, the Uncertificated REMIC 2 Pass-Through Rate, the initial
        Uncertificated Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        each of the REMIC 2 Regular Interests (as defined herein). None of the REMIC
        2
        Regular Interests will be certificated.

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  2 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-1-A

              	
                Variable(2)

              	
                $                  113,189.00

              	
                March
                  2037

              
	
                1-1-B

              	
                Variable(2)

              	
                $                  113,189.00

              	
                March
                  2037

              
	
                1-2-A

              	
                Variable(2)

              	
                $                  117,892.10

              	
                March
                  2037

              
	
                1-2-B

              	
                Variable(2)

              	
                $                  117,892.10

              	
                March
                  2037

              
	
                1-3-A

              	
                Variable(2)

              	
                $                  122,561.40

              	
                March
                  2037

              
	
                1-3-B

              	
                Variable(2)

              	
                $                  122,561.40

              	
                March
                  2037

              
	
                1-4-A

              	
                Variable(2)

              	
                $                  127,279.60

              	
                March
                  2037

              
	
                1-4-B

              	
                Variable(2)

              	
                $                  127,279.60

              	
                March
                  2037

              
	
                1-5-A

              	
                Variable(2)

              	
                $                  131,941.00

              	
                March
                  2037

              

      

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  2 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-5-B

              	
                Variable(2)

              	
                $                  131,941.00

              	
                March
                  2037

              
	
                1-6-A

              	
                Variable(2)

              	
                $                  136,571.00

              	
                March
                  2037

              
	
                1-6-B

              	
                Variable(2)

              	
                $                  136,571.00

              	
                March
                  2037

              
	
                1-7-A

              	
                Variable(2)

              	
                $                  141,112.50

              	
                March
                  2037

              
	
                1-7-B

              	
                Variable(2)

              	
                $                  141,112.50

              	
                March
                  2037

              
	
                1-8-A

              	
                Variable(2)

              	
                $                  145,585.40

              	
                March
                  2037

              
	
                1-8-B

              	
                Variable(2)

              	
                $                  145,585.40

              	
                March
                  2037

              
	
                1-9-A

              	
                Variable(2)

              	
                $                  150,113.40

              	
                March
                  2037

              
	
                1-9-B

              	
                Variable(2)

              	
                $                  150,113.40

              	
                March
                  2037

              
	
                1-10-A

              	
                Variable(2)

              	
                $                  154,602.90

              	
                March
                  2037

              
	
                1-10-B

              	
                Variable(2)

              	
                $                  154,602.90

              	
                March
                  2037

              
	
                1-11-A

              	
                Variable(2)

              	
                $                  158,959.80

              	
                March
                  2037

              
	
                1-11-B

              	
                Variable(2)

              	
                $                  158,959.80

              	
                March
                  2037

              
	
                1-12-A

              	
                Variable(2)

              	
                $                  163,271.80

              	
                March
                  2037

              
	
                1-12-B

              	
                Variable(2)

              	
                $                  163,271.80

              	
                March
                  2037

              
	
                1-13-A

              	
                Variable(2)

              	
                $                  167,588.90

              	
                March
                  2037

              
	
                1-13-B

              	
                Variable(2)

              	
                $                  167,588.90

              	
                March
                  2037

              
	
                1-14-A

              	
                Variable(2)

              	
                $                  171,705.80

              	
                March
                  2037

              
	
                1-14-B

              	
                Variable(2)

              	
                $                  171,705.80

              	
                March
                  2037

              
	
                1-15-A

              	
                Variable(2)

              	
                $                  174,627.80

              	
                March
                  2037

              
	
                1-15-B

              	
                Variable(2)

              	
                $                  174,627.80

              	
                March
                  2037

              
	
                1-16-A

              	
                Variable(2)

              	
                $                  176,614.10

              	
                March
                  2037

              
	
                1-16-B

              	
                Variable(2)

              	
                $                  176,614.10

              	
                March
                  2037

              
	
                1-17-A

              	
                Variable(2)

              	
                $                  177,912.50

              	
                March
                  2037

              
	
                1-17-B

              	
                Variable(2)

              	
                $                  177,912.50

              	
                March
                  2037

              
	
                1-18-A

              	
                Variable(2)

              	
                $                  179,227.10

              	
                March
                  2037

              
	
                1-18-B

              	
                Variable(2)

              	
                $                  179,227.10

              	
                March
                  2037

              
	
                1-19-A

              	
                Variable(2)

              	
                $                  179,879.60

              	
                March
                  2037

              
	
                1-19-B

              	
                Variable(2)

              	
                $                  179,879.60

              	
                March
                  2037

              
	
                1-20-A

              	
                Variable(2)

              	
                $                  179,629.50

              	
                March
                  2037

              
	
                1-20-B

              	
                Variable(2)

              	
                $                  179,629.50

              	
                March
                  2037

              
	
                1-21-A

              	
                Variable(2)

              	
                $                  179,038.90

              	
                March
                  2037

              
	
                1-21-B

              	
                Variable(2)

              	
                $                  179,038.90

              	
                March
                  2037

              
	
                1-22-A

              	
                Variable(2)

              	
                $                  178,473.50

              	
                March
                  2037

              
	
                1-22-B

              	
                Variable(2)

              	
                $                  178,473.50

              	
                March
                  2037

              
	
                1-23-A

              	
                Variable(2)

              	
                $                  177,947.80

              	
                March
                  2037

              
	
                1-23-B

              	
                Variable(2)

              	
                $                  177,947.80

              	
                March
                  2037

              
	
                1-24-A

              	
                Variable(2)

              	
                $                  177,395.20

              	
                March
                  2037

              
	
                1-24-B

              	
                Variable(2)

              	
                $                  177,395.20

              	
                March
                  2037

              
	
                1-25-A

              	
                Variable(2)

              	
                $                  176,926.60

              	
                March
                  2037

              
	
                1-25-B

              	
                Variable(2)

              	
                $                  176,926.60

              	
                March
                  2037

              
	
                1-26-A

              	
                Variable(2)

              	
                $               1,386,951.20

              	
                March
                  2037

              
	
                1-26-B

              	
                Variable(2)

              	
                $               1,386,951.20

              	
                March
                  2037

              

      

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  2 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-27-A

              	
                Variable(2)

              	
                $               1,034,061.50

              	
                March
                  2037

              
	
                1-27-B

              	
                Variable(2)

              	
                $               1,034,061.50

              	
                March
                  2037

              
	
                1-28-A

              	
                Variable(2)

              	
                $                  596,562.50

              	
                March
                  2037

              
	
                1-28-B

              	
                Variable(2)

              	
                $                  596,562.50

              	
                March
                  2037

              
	
                1-29-A

              	
                Variable(2)

              	
                $                  161,466.30

              	
                March
                  2037

              
	
                1-29-B

              	
                Variable(2)

              	
                $                  161,466.30

              	
                March
                  2037

              
	
                1-30-A

              	
                Variable(2)

              	
                $               2,322,800.90

              	
                March
                  2037

              
	
                1-30-B

              	
                Variable(2)

              	
                $               2,322,800.90

              	
                March
                  2037

              
	
                1-31-A

              	
                Variable(2)

              	
                $               1,013,711.60

              	
                March
                  2037

              
	
                1-31-B

              	
                Variable(2)

              	
                $               1,013,711.60

              	
                March
                  2037

              
	
                1-32-A

              	
                Variable(2)

              	
                $                  144,027.30

              	
                March
                  2037

              
	
                1-32-B

              	
                Variable(2)

              	
                $                  144,027.30

              	
                March
                  2037

              
	
                1-33-A

              	
                Variable(2)

              	
                $                  143,679.60

              	
                March
                  2037

              
	
                1-33-B

              	
                Variable(2)

              	
                $                  143,679.60

              	
                March
                  2037

              
	
                1-34-A

              	
                Variable(2)

              	
                $                  143,367.00

              	
                March
                  2037

              
	
                1-34-B

              	
                Variable(2)

              	
                $                  143,367.00

              	
                March
                  2037

              
	
                1-35-A

              	
                Variable(2)

              	
                $                  142,988.80

              	
                March
                  2037

              
	
                1-35-B

              	
                Variable(2)

              	
                $                  142,988.80

              	
                March
                  2037

              
	
                1-36-A

              	
                Variable(2)

              	
                $                  142,712.30

              	
                March
                  2037

              
	
                1-36-B

              	
                Variable(2)

              	
                $                  142,712.30

              	
                March
                  2037

              
	
                1-37-A

              	
                Variable(2)

              	
                $                  142,410.80

              	
                March
                  2037

              
	
                1-37-B

              	
                Variable(2)

              	
                $                  142,410.80

              	
                March
                  2037

              
	
                1-38-A

              	
                Variable(2)

              	
                $                  142,072.00

              	
                March
                  2037

              
	
                1-38-B

              	
                Variable(2)

              	
                $                  142,072.00

              	
                March
                  2037

              
	
                1-39-A

              	
                Variable(2)

              	
                $                  141,776.10

              	
                March
                  2037

              
	
                1-39-B

              	
                Variable(2)

              	
                $                  141,776.10

              	
                March
                  2037

              
	
                1-40-A

              	
                Variable(2)

              	
                $                  141,390.80

              	
                March
                  2037

              
	
                1-40-B

              	
                Variable(2)

              	
                $                  141,390.80

              	
                March
                  2037

              
	
                1-41-A

              	
                Variable(2)

              	
                $                  141,111.70

              	
                March
                  2037

              
	
                1-41-B

              	
                Variable(2)

              	
                $                  141,111.70

              	
                March
                  2037

              
	
                1-42-A

              	
                Variable(2)

              	
                $                  140,833.70

              	
                March
                  2037

              
	
                1-42-B

              	
                Variable(2)

              	
                $                  140,833.70

              	
                March
                  2037

              
	
                1-43-A

              	
                Variable(2)

              	
                $                  140,548.10

              	
                March
                  2037

              
	
                1-43-B

              	
                Variable(2)

              	
                $                  140,548.10

              	
                March
                  2037

              
	
                1-44-A

              	
                Variable(2)

              	
                $                  140,230.50

              	
                March
                  2037

              
	
                1-44-B

              	
                Variable(2)

              	
                $                  140,230.50

              	
                March
                  2037

              
	
                1-45-A

              	
                Variable(2)

              	
                $                  139,917.30

              	
                March
                  2037

              
	
                1-45-B

              	
                Variable(2)

              	
                $                  139,917.30

              	
                March
                  2037

              
	
                1-46-A

              	
                Variable(2)

              	
                $                  139,646.20

              	
                March
                  2037

              
	
                1-46-B

              	
                Variable(2)

              	
                $                  139,646.20

              	
                March
                  2037

              
	
                1-47-A

              	
                Variable(2)

              	
                $                  139,413.20

              	
                March
                  2037

              
	
                1-47-B

              	
                Variable(2)

              	
                $                  139,413.20

              	
                March
                  2037

              
	
                1-48-A

              	
                Variable(2)

              	
                $                  139,121.40

              	
                March
                  2037

              

      

       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  2 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-48-B

              	
                Variable(2)

              	
                $                  139,121.40

              	
                March
                  2037

              
	
                1-49-A

              	
                Variable(2)

              	
                $                  670,814.30

              	
                March
                  2037

              
	
                1-49-B

              	
                Variable(2)

              	
                $                  670,814.30

              	
                March
                  2037

              
	
                1-50-A

              	
                Variable(2)

              	
                $               4,695,682.10

              	
                March
                  2037

              
	
                1-50-B

              	
                Variable(2)

              	
                $               4,695,682.10

              	
                March
                  2037

              
	
                1-51-A

              	
                Variable(2)

              	
                $               2,923,001.60

              	
                March
                  2037

              
	
                1-51-B

              	
                Variable(2)

              	
                $               2,923,001.60

              	
                March
                  2037

              
	
                1-52-A

              	
                Variable(2)

              	
                $               3,179,064.00

              	
                March
                  2037

              
	
                1-52-B

              	
                Variable(2)

              	
                $               3,179,064.00

              	
                March
                  2037

              
	
                1-53-A

              	
                Variable(2)

              	
                $                  283,487.80

              	
                March
                  2037

              
	
                1-53-B

              	
                Variable(2)

              	
                $                  283,487.80

              	
                March
                  2037

              
	
                1-54-A

              	
                Variable(2)

              	
                $               1,091,014.70

              	
                March
                  2037

              
	
                1-54-B

              	
                Variable(2)

              	
                $               1,091,014.70

              	
                March
                  2037

              
	
                1-55-A

              	
                Variable(2)

              	
                $               4,294,793.03

              	
                March
                  2037

              
	
                1-55-B

              	
                Variable(2)

              	
                $               4,294,793.03

              	
                March
                  2037

              
	
                1-56-A

              	
                Variable(2)

              	
                $               1,026,272.15

              	
                March
                  2037

              
	
                1-56-B

              	
                Variable(2)

              	
                $               1,026,272.15

              	
                March
                  2037

              
	
                1-57-A

              	
                Variable(2)

              	
                $                  998,476.11

              	
                March
                  2037

              
	
                1-57-B

              	
                Variable(2)

              	
                $                  998,476.11

              	
                March
                  2037

              
	
                1-58-A

              	
                Variable(2)

              	
                $                  369,763.00

              	
                March
                  2037

              
	
                1-58-B

              	
                Variable(2)

              	
                $                  369,763.00

              	
                March
                  2037

              
	
                1-59-A

              	
                Variable(2)

              	
                $                  358,390.30

              	
                March
                  2037

              
	
                1-59-B

              	
                Variable(2)

              	
                $                  358,390.30

              	
                March
                  2037

              
	
                1-60-A

              	
                Variable(2)

              	
                $                  347,359.10

              	
                March
                  2037

              
	
                1-60-B

              	
                Variable(2)

              	
                $                  347,359.10

              	
                March
                  2037

              
	
                1-61-A

              	
                Variable(2)

              	
                $                  336,673.10

              	
                March
                  2037

              
	
                1-61-B

              	
                Variable(2)

              	
                $                  336,673.10

              	
                March
                  2037

              
	
                1-62-A

              	
                Variable(2)

              	
                $                  326,317.40

              	
                March
                  2037

              
	
                1-62-B

              	
                Variable(2)

              	
                $                  326,317.40

              	
                March
                  2037

              
	
                1-63-A

              	
                Variable(2)

              	
                $                  316,269.50

              	
                March
                  2037

              
	
                1-63-B

              	
                Variable(2)

              	
                $                  316,269.50

              	
                March
                  2037

              
	
                1-64-A

              	
                Variable(2)

              	
                $                  306,526.60

              	
                March
                  2037

              
	
                1-64-B

              	
                Variable(2)

              	
                $                  306,526.60

              	
                March
                  2037

              
	
                1-65-A

              	
                Variable(2)

              	
                $                  420,154.53

              	
                March
                  2037

              
	
                1-65-B

              	
                Variable(2)

              	
                $                  420,154.53

              	
                March
                  2037

              
	
                1-66-A

              	
                Variable(2)

              	
                $                  727,028.41

              	
                March
                  2037

              
	
                1-66-B

              	
                Variable(2)

              	
                $                  727,028.41

              	
                March
                  2037

              
	
                1-67-A

              	
                Variable(2)

              	
                $                  707,312.63

              	
                March
                  2037

              
	
                1-67-B

              	
                Variable(2)

              	
                $                  707,312.63

              	
                March
                  2037

              
	
                1-68-A

              	
                Variable(2)

              	
                $                  688,122.85

              	
                March
                  2037

              
	
                1-68-B

              	
                Variable(2)

              	
                $                  688,122.85

              	
                March
                  2037

              
	
                1-69-A

              	
                Variable(2)

              	
                $                  669,462.22

              	
                March
                  2037

              
	
                1-69-B

              	
                Variable(2)

              	
                $                  669,462.22

              	
                March
                  2037

              

      

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  2 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-70-A

              	
                Variable(2)

              	
                $                  651,313.38

              	
                March
                  2037

              
	
                1-70-B

              	
                Variable(2)

              	
                $                  651,313.38

              	
                March
                  2037

              
	
                1-71-A

              	
                Variable(2)

              	
                $                  633,657.35

              	
                March
                  2037

              
	
                1-71-B

              	
                Variable(2)

              	
                $                  633,657.35

              	
                March
                  2037

              
	
                1-72-A

              	
                Variable(2)

              	
                $                  616,466.94

              	
                March
                  2037

              
	
                1-72-B

              	
                Variable(2)

              	
                $                  616,466.94

              	
                March
                  2037

              
	
                1-73-A

              	
                Variable(2)

              	
                $                  599,752.54

              	
                March
                  2037

              
	
                1-73-B

              	
                Variable(2)

              	
                $                  599,752.54

              	
                March
                  2037

              
	
                1-74-A

              	
                Variable(2)

              	
                $                  583,497.98

              	
                March
                  2037

              
	
                1-74-B

              	
                Variable(2)

              	
                $                  583,497.98

              	
                March
                  2037

              
	
                1-75-A

              	
                Variable(2)

              	
                $                  567,671.80

              	
                March
                  2037

              
	
                1-75-B

              	
                Variable(2)

              	
                $                  567,671.80

              	
                March
                  2037

              
	
                1-76-A

              	
                Variable(2)

              	
                $                  552,277.21

              	
                March
                  2037

              
	
                1-76-B

              	
                Variable(2)

              	
                $                  552,277.21

              	
                March
                  2037

              
	
                1-77-A

              	
                Variable(2)

              	
                $                  537,310.73

              	
                March
                  2037

              
	
                1-77-B

              	
                Variable(2)

              	
                $                  537,310.73

              	
                March
                  2037

              
	
                1-78-A

              	
                Variable(2)

              	
                $                  522,742.39

              	
                March
                  2037

              
	
                1-78-B

              	
                Variable(2)

              	
                $                  522,742.39

              	
                March
                  2037

              
	
                1-79-A

              	
                Variable(2)

              	
                $                  508,565.90

              	
                March
                  2037

              
	
                1-79-B

              	
                Variable(2)

              	
                $                  508,565.90

              	
                March
                  2037

              
	
                1-80-A

              	
                Variable(2)

              	
                $                  494,785.51

              	
                March
                  2037

              
	
                1-80-B

              	
                Variable(2)

              	
                $                  494,785.51

              	
                March
                  2037

              
	
                1-81-A

              	
                Variable(2)

              	
                $                  481,373.07

              	
                March
                  2037

              
	
                1-81-B

              	
                Variable(2)

              	
                $                  481,373.07

              	
                March
                  2037

              
	
                1-82-A

              	
                Variable(2)

              	
                $                  468,322.70

              	
                March
                  2037

              
	
                1-82-B

              	
                Variable(2)

              	
                $                  468,322.70

              	
                March
                  2037

              
	
                1-83-A

              	
                Variable(2)

              	
                $                  677,593.93

              	
                March
                  2037

              
	
                1-83-B

              	
                Variable(2)

              	
                $                  677,593.93

              	
                March
                  2037

              
	
                1-84-A

              	
                Variable(2)

              	
                $               1,268,644.72

              	
                March
                  2037

              
	
                1-84-B

              	
                Variable(2)

              	
                $               1,268,644.72

              	
                March
                  2037

              
	
                1-85-A

              	
                Variable(2)

              	
                $             11,180,096.43

              	
                March
                  2037

              
	
                1-85-B

              	
                Variable(2)

              	
                $             11,180,096.43

              	
                March
                  2037

              
	
                1-86-A

              	
                Variable(2)

              	
                $               1,056,250.20

              	
                March
                  2037

              
	
                1-86-B

              	
                Variable(2)

              	
                $               1,056,250.20

              	
                March
                  2037

              
	
                1-87-A

              	
                Variable(2)

              	
                $               1,813,767.50

              	
                March
                  2037

              
	
                1-87-B

              	
                Variable(2)

              	
                $               1,813,767.50

              	
                March
                  2037

              
	
                1-88-A

              	
                Variable(2)

              	
                $                  716,195.00

              	
                March
                  2037

              
	
                1-88-B

              	
                Variable(2)

              	
                $                  716,195.00

              	
                March
                  2037

              
	
                P

              	
                Variable(2)

              	
                $                        100.00

              	
                March
                  2037

              
	
                OC

              	
                Variable(2)

              	
                $          111,853,061.63

              	
                March
                  2037

              

      

      ___________________

      
        	
                (1)

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

              

      

      
        	
                (2)

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

              

      

       

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      

       

      REMIC
        3

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 1 Regular Interests and
        the
        REMIC 2 Regular Interests as a REMIC for federal income tax purposes, and
        such
        segregated pool of assets will be designated as “REMIC 3”. The Class R-3
        Interest will represent the sole class of Residual Interests in REMIC 3 for
        purposes of the REMIC Provisions. The following table irrevocably sets forth
        the
        designation, the Uncertificated REMIC 3 Pass-Through Rate, the initial
        Uncertificated Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        each of the REMIC 3 Regular Interests (as defined herein). None of the REMIC
        3
        Regular Interests will be certificated.

      

        
          	
                  Designation

                	 	
                  Uncertificated
                    REMIC 3 Pass-Through Rate

                	 	
                  Initial
                    Uncertificated

                  Principal
                    Balance

                	 	
                  Latest
                    Possible

                  Maturity
                    Date(1)

                
	
                  1-AA

                	 	
                  Variable(2)

                	 	
                  $     
                      1,171,192,025.64

                	 	
                  April
                    2037

                
	
                  1-A1-A

                	 	
                  Variable(2)

                	 	
                  $               3,389,640.00

                	 	
                  April
                    2037

                
	
                  1-A1-B

                	 	
                  Variable(2)

                	 	
                  $               3,680,750.00

                	 	
                  April
                    2037

                
	
                  1-A1-C

                	 	
                  Variable(2)

                	 	
                  $               1,825,870.00

                	 	
                  April
                    2037

                
	
                  1-AM

                	 	
                  Variable(2)

                	 	
                  $               2,224,060.00

                	 	
                  April
                    2037

                
	
                  1-M-1

                	 	
                  Variable(2)

                	 	
                  $                  161,340.00

                	 	
                  April
                    2037

                
	
                  1-M-2

                	 	
                  Variable(2)

                	 	
                  $                  143,410.00

                	 	
                  April
                    2037

                
	
                  1-M-3

                	 	
                  Variable(2)

                	 	
                  $                    77,680.00

                	 	
                  April
                    2037

                
	
                  1-M-4

                	 	
                  Variable(2)

                	 	
                  $                    71,710.00

                	 	
                  April
                    2037

                
	
                  1-M-5

                	 	
                  Variable(2)

                	 	
                  $                    59,750.00

                	 	
                  April
                    2037

                
	
                  1-M-6

                	 	
                  Variable(2)

                	 	
                  $                    47,800.00

                	 	
                  April
                    2037

                
	
                  1-M-7

                	 	
                  Variable(2)

                	 	
                  $                    41,830.00

                	 	
                  April
                    2037

                
	
                  1-M-8

                	 	
                  Variable(2)

                	 	
                  $                    41,830.00

                	 	
                  April
                    2037

                
	
                  1-B

                	 	
                  Variable(2)

                	 	
                  $                    47,800.00

                	 	
                  April
                    2037

                
	
                  1-ZZ

                	 	
                  Variable(2)

                	 	
                  $             12,088,408.07

                	 	
                  April
                    2037

                
	
                  1-IO

                	 	
                  Variable(2)

                	 	
                  (3)

                	 	
                  April
                    2037

                
	
                  1-P

                	 	
                  Variable(2)

                	 	
                  $        
                                    100.00

                	 	
                  April
                    2037

                
	
                  2-AA

                	 	
                  Variable(2)

                	 	
                  $    
                          230,248,353.05

                	 	
                  March
                    2037

                
	
                  2-A

                	 	
                  Variable(2)

                	 	
                  $               2,234,360.00

                	 	
                  March
                    2037

                
	
                  2-ZZ

                	 	
                  Variable(2)

                	 	
                  $               2,464,585.98

                	 	
                  March
                    2037

                
	
                  2-IO

                	 	
                  Variable(2)

                	 	
                  (3)

                	 	
                  March
                    2037

                
	
                  2-P

                	 	
                  Variable(2)

                	 	
                  $                       100.00

                	 	
                  March
                    2037

                

        

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date immediately following the maturity date for the
                  Mortgage
                  Loan in Loan Group 1 with the latest maturity date has been designated
                  as
                  the “latest possible maturity date” for each REMIC 3 Group 1 Regular
                  Interest (as defined herein), and the Distribution Date immediately
                  following the maturity date for the Mortgage Loan in Loan Group
                  2 with the
                  latest maturity date has been designated as the “latest possible maturity
                  date” for each REMIC 3 Group 2 Regular Interest (as defined
                  herein).

              

      

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC 3 Pass-Through
                  Rate” in this Agreement.

              

      

      
        	
                (3)

              	
                REMIC
                  3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO will
                  not have
                  Uncertificated Principal Balances but will accrue interest on their
                  respective uncertificated notional amounts calculated in accordance
                  with
                  the related definition of “Uncertificated Notional Amount”
                  herein.

              

      

      

       

      REMIC
        4

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 3 Regular Interests as
        a REMIC
        for federal income tax purposes, and such segregated pool of assets will
        be
        designated as “REMIC 4”. The Class R-4 Interest will represent the sole class of
        Residual Interests in REMIC 4 for purposes of the REMIC Provisions.

       

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

       

      Each
        Certificate, other than the Class R Certificates, represents ownership of
        a
        Regular Interest in REMIC 4 and also represents (i) the right to receive,
        or the
        obligation to make, as described herein, payments with respect to the related
        Net WAC Shortfall Amount (as defined herein) and (ii) the obligation to pay,
        or
        the right to receive, as described herein, related Class IO Distribution
        Amounts
        (as defined herein). The entitlement to principal of the Regular Interest
        which
        corresponds to each Certificate shall be equal in amount and timing to the
        entitlement to principal of such Certificate.

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

      

      
        	
                Class
                  Designation

              	 	
                Initial
                  Certificate 

                Principal
                  Balance

              	 	
                Pass-Through
                  Rate

              	 	
                Assumed
                  Final 

                Maturity
                  Date(1)

              
	
                Class
                  1-A1-A(2)

              	 	
                $  338,964,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-A1-B(2)

              	 	
                $  368,075,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-A1-C(2)

              	 	
                $  182,587,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-AM(2)

              	 	
                $  222,406,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  2-A(2)

              	 	
                $  223,436,000

              	 	
                Variable(3)

              	 	
                March
                  2037

              
	
                Class
                  1-M-1(2)

              	 	
                $  16,134,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-2(2)

              	 	
                $  14,341,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-3(2)

              	 	
                $  7,768,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-4(2))

              	 	
                $  7,171,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-5(2)

              	 	
                $  5,975,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-6(2)

              	 	
                $  4,780,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-7(2)

              	 	
                $  4,183,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-M-8(2)

              	 	
                $  4,183,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-B(2)

              	 	
                $  4,780,000

              	 	
                Variable(3)

              	 	
                April
                  2037

              
	
                Class
                  1-C 

              	 	
                $  13,746,903.71

              	 	
                Variable(4)

              	 	
                April
                  2037

              
	
                Class
                  2-C 

              	 	
                $  11,511,299.03

              	 	
                Variable(4)

              	 	
                March
                  2037

              
	
                Class
                  1-P 

              	 	
                $  100.00

              	 	
                N/A(5)

              	 	
                April
                  2037

              
	
                Class
                  2-P 

              	 	
                $  100.00

              	 	
                N/A(5)

              	 	
                March
                  2037

              
	
                Class
                  1-IO Interest

              	 	
                (6)

              	 	
                (7)

              	 	
                April
                  2037

              
	
                Class
                  2-IO Interest

              	 	
                (6)

              	 	
                (7)

              	 	
                March
                  2037

              

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the
                  Mortgage Loan in Loan Group 1 with the latest maturity date has
                  been
                  designated as the “latest possible maturity date” for each Regular
                  Interest in REMIC 4 the ownership of which is represented by the
                  Class
                  1-A, Class 1-M, Class 1-B, Class 1-C and Class 1-P Certificates
                  and the
                  Class 1-IO Interest, and the Distribution Date in the month following
                  the
                  maturity date for the Mortgage Loan in Loan Group 2 with the latest
                  maturity date has been designated as the “latest possible maturity date”
                  for each Regular Interest in REMIC 4 the ownership of which is
                  represented
                  by the Class 2-A, Class 2-C and Class 2-P Certificates and the
                  Class 2-IO
                  Interest. 

              

      

      
        	
                (2)

              	
                This
                  Class of Certificates represents ownership of a Regular Interest
                  in REMIC
                  4. Any amount distributed on this Class of Certificates on any
                  Distribution Date in excess of the amount distributable on the
                  related
                  Regular Interest in REMIC 4 on such Distribution Date shall be
                  treated for
                  federal income tax purposes as having been paid from the related
                  Net WAC
                  Shortfall Reserve Fund or the related Supplemental Interest Trust,
                  as
                  applicable, and any amount distributable on the related Regular
                  Interest
                  in REMIC 4 on such Distribution Date in excess of the amount distributable
                  on such Class of Certificates on such Distribution Date shall be
                  treated
                  for such purposes as having been distributed to the Holders of
                  such
                  Certificates and then paid by such Holders to the related Supplemental
                  Interest Trust, all pursuant to and as further provided in Section
                  4.10
                  and Section 4.11 hereof.

              

      

      
        	
                (3)

              	
                Calculated
                  in accordance with the definition of “Pass-Through Rate” in this
                  Agreement. Each
                  Regular Interest in REMIC 4 which corresponds to a Class 1-A, Class
                  2-A,
                  Class 1-B or Class 1-M Certificate will have the same Pass-Through
                  Rate as
                  such Certificate, except with respect to the related Net WAC Rate.
                  The Net
                  WAC Rate for each such Regular Interest in REMIC 4 and Certificate
                  is
                  specified in the related definition of “Net WAC Rate
                  .”

              

      

      
        	
                (4)

              	
                The
                  Class 1-C Certificates and Class 2-C Certificates will accrue interest
                  at
                  their variable Pass-Through Rates on their Notional Balances outstanding
                  from time to time, which shall equal the aggregate Uncertificated
                  Principal Balances of the REMIC 3 Group 1 Regular Interests (other
                  than
                  REMIC 3 Regular Interest 1-P) or the REMIC 3 Group 2 Regular Interests
                  (other than REMIC 3 Regular Interest 2-P), respectively. The Class
                  C
                  Certificates will not accrue interest on their Certificate Principal
                  Balances.

              

      

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

      

      
        	
                (5)

              	
                The
                  Class 1-P Certificates and Class 2-P Certificates do not accrue
                  interest.

              

      

      
        	
                (6)

              	
                For
                  federal income tax purposes, the Class 1-IO Interest and Class
                  2-IO
                  Interest will not have Uncertificated Principal Balances, but will
                  have
                  notional amounts equal to the Uncertificated Notional Amounts of
                  REMIC 3
                  Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO,
                  respectively.

              

      

      
        	
                (7)

              	
                For
                  federal income tax purposes, the Class 1-IO Interest and Class
                  2-IO
                  Interest will not have Pass-Through Rates, but will be entitled
                  to 100% of
                  the amounts distributed on REMIC 3 Regular Interest 1-IO and REMIC
                  3
                  Regular Interest 2-IO,
                  respectively.

              

      

      

      

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      

       

      ARTICLE
        I

      

      DEFINITIONS

      

      Section
        1.01. Defined
        Terms.

      

      Whenever
        used in this Agreement, the following words and phrases, unless the context
        otherwise requires, shall have the meanings specified in this Article. Unless
        otherwise specified, all calculations in respect of interest on the Class
        A,
        Class M and Class B Certificates shall accrue on the basis of a 360-day year
        and
        the actual number of days in the related Accrual Period. All calculations
        of
        interest on the Class C Certificates will be made on the basis of a 360-day
        year
        consisting of twelve 30-day months. The Class 1-P, Class 2-P and Class R
        Certificates do not accrue interest.

      

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      “Allocated
        Realized Loss Amount”: With respect to any Class of Offered Certificates and the
        Class 1-B Certificates and any Distribution Date, an amount equal to the
        sum of
        any Realized Loss allocated to that Class of Certificates on that Distribution
        Date (other than, with respect to the Class 1-AM Certificates and Class 2-A
        Certificates, a Realized Loss which was covered by the Certificate Guaranty
        Insurance Policy) and any Allocated Realized Loss Amount for that Class
        remaining unpaid from any previous Distribution Date, minus any Subsequent
        Recoveries applied to such Allocated Realized Loss Amount.

       

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

      

       

      “Assessment
        of Compliance” As defined in Section 3.20 

       

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

       

      “Attestation
        Report”: As defined in Section 3.20 

       

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

       

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

       

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

       

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

       

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

       

      “Cap
        Contracts”: The Group 1 Cap Contracts or Group 2 Cap Contract, as
        applicable.

       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

      

       

      “Cap
        Counterparties”: The Group 1 Cap Counterparty or Group 2 Cap Counterparty, as
        applicable. 

       

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

       

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

       

      “Certificate
        Account”: The trust account or accounts created and maintained pursuant to
        Section 4.01, which shall be entitled Deutsche Bank National Trust Company,
        in
        trust for registered holders of Impac Secured Assets Corp., Mortgage
        Pass-Through Certificates, Series 2007-2, and which account or accounts must
        each be an Eligible Account.

       

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

       

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

       

      “Certificate
        Guaranty Insurance Policy”: The certificate guaranty insurance policy issued by
        the Certificate Insurer for the benefit of the Class 1-AM Certificateholders
        and
        Class 2-A Certificateholders.

       

      “Certificate
        Insurer”: Ambac Assurance Corporation, a Wisconsin domiciled stock insurance
        corporation, or any successor thereto as provided in the Agreement.

       

      “Certificate
        Margin” The Certificate Margin for the Offered Certificates and Class 1-B
        Certificates, and for purposes of the definition of “Group 1 Marker Rate”,
“Group 2 Marker Rate”, “Group 1 Maximum Uncertificated Accrued Interest Deferral
        Amount”, or “Group 2 Maximum Uncertificated Accrued Interest Deferral Amount”,
        each REMIC 3 Regular Interest for which such Certificates are Corresponding
        Certificates, shall be:

       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

       

      
        	
                Certificate
                  Margin

              
	
                Class
                  

              	
                  (1)  

              	
                  (2)  

              
	
                1-A-1A

              	
                0.110%

              	
                0.220%

              
	
                1-A-1B

              	
                0.250%

              	
                0.500%

              
	
                1-A-1C

              	
                0.380%

              	
                0.760%

              
	
                1-AM

              	
                0.240%

              	
                0.480%

              
	
                2-A

              	
                0.250%

              	
                0.500%

              
	
                1-M-1

              	
                0.420%

              	
                0.630%

              
	
                1-M-2

              	
                0.500%

              	
                0.750%

              
	
                1-M-3

              	
                0.750%

              	
                1.125%

              
	
                1-M-4

              	
                1.700%

              	
                2.550%

              
	
                1-M-5

              	
                1.800%

              	
                2.700%

              
	
                1-M-6

              	
                2.000%

              	
                3.000%

              
	
                1-M-7

              	
                2.000%

              	
                3.000%

              
	
                1-M-8

              	
                1.100%

              	
                1.650%

              
	
                1-B

              	
                1.100%

              	
                1.650%

              

      

      ______

      (1) Prior
        to
        the related Step-Up Date.

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

       

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

       

      “Certificate
        Principal Balance”: With respect to any Certificate (other than the Class 1-C,
        Class 2-C and Class R Certificates) as of any date of determination, the
        Initial
        Certificate Principal Balance thereof, increased by any Subsequent Recoveries
        allocated thereto, and reduced by the aggregate of (a) all amounts allocable
        to
        principal previously distributed with respect to such Certificate and (b)
        any
        reductions in the Certificate Principal Balance thereof deemed to have occurred
        in connection with allocations of Realized Losses in the manner described
        herein. With respect to the Class 1-C Certificates as of any date of
        determination, an amount equal to the excess, if any, of (A) the then aggregate
        Uncertificated Principal Balance of the REMIC 3 Group 1 Regular Interests,
        over
        (B) the then aggregate Certificate Principal Balance of the Class 1-A, Class
        1-M, Class 1-B and Class 1-P Certificates then outstanding. With respect
        to the
        Class 2-C Certificates as of any date of determination, an amount equal to
        the
        excess, if any, of (A) the then aggregate Uncertificated Principal Balance
        of
        the REMIC 3 Group 2 Regular Interests, over (B) the then aggregate Certificate
        Principal Balance of the Class 2-A Certificates and Class 2-P Certificates
        then
        outstanding.

       

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

       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

      

       

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

       

      “Class
        1-A Certificates”: The Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM
        Certificates.

       

      “Class
        1-A Principal Distribution Amount”: For any Distribution Date will equal the
        excess of (1) the aggregate Certificate Principal Balance of the Class 1-A
        Certificates immediately prior to such Distribution Date, over (2) the lesser
        of
        (x) 86.10% of the aggregate Stated Principal Balance of the Group 1 Loans
        for
        such Distribution Date after giving effect to distributions to be made on
        that
        Distribution Date and (y) the aggregate Stated Principal Balance of the Group
        1
        Loans for such Distribution Date after giving effect to distributions to
        be made
        on that Distribution Date minus the Group 1 Overcollateralization
        Floor.

       

      “Class
        1-A1 Certificates”: The Class 1-A1-A, Class 1-A1-B and Class 1-A1-C
        Certificates.

       

      “Class
        1-C Distribution Amount”: With respect to any Distribution Date, the sum of (i)
        the Monthly Interest Distributable Amount for the Class 1-C Certificates
        for
        such Distribution Date, (ii) any Group 1 Overcollateralization Release Amount
        for such Distribution Date and (iii) without duplication, any Subsequent
        Recoveries related to Loan Group 1 not distributed to the Class 1-A, Class
        1-M
        and Class 1-B Certificates on such Distribution Date; provided, however that
        on
        any Distribution Date after the Distribution Date on which the Certificate
        Principal Balances of the Class 1-A, Class 1-M, Class 1-B and Class 1-P
        Certificates have been reduced to zero, the Class 1-C Distribution Amount
        shall
        include the Group 1 Overcollateralization Amount.

       

      “Class
        1-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee
        on behalf of the Supplemental Interest Trust, evidencing a Regular Interest
        in
        REMIC 4 for purposes of the REMIC Provisions.

       

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

       

      “Class
        2-A Principal Distribution Amount”: For any Distribution Date will equal the
        excess of (1) the Certificate Principal Balance of the Class 2-A Certificates
        immediately prior to such Distribution Date, over (2) the lesser of (x) 87.50%
        of the aggregate Stated Principal Balance of the Group 2 Loans for such
        Distribution Date after giving effect to distributions to be made on that
        Distribution Date and (y) the aggregate Stated Principal Balance of the Group
        2
        Loans for such Distribution Date after giving effect to distributions to
        be made
        on that Distribution Date minus the Group 2 Overcollateralization
        Floor.

       

      “Class
        2-C Distribution Amount”: With respect to any Distribution Date, the sum of (i)
        the Monthly Interest Distributable Amount for the Class 2-C Certificates
        for
        such Distribution Date, (ii) any Group 2 Overcollateralization Release Amount
        for such Distribution Date and (iii) without duplication, any Subsequent
        Recoveries related to Loan Group 2 not distributed to the Class 2-A Certificates
        on such Distribution Date; provided, however that on any Distribution Date
        after
        the Distribution Date on which the Certificate Principal Balances of the
        Class
        2-A Certificates and Class 2-P Certificates have been reduced to zero, the
        Class
        2-C Distribution Amount shall include the Group 2 Overcollateralization
        Amount.

       

      
        
           

        

        
          30

          
            

          

        

        
           

        

      

      

       

      “Class
        2-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee
        on behalf of the Supplemental Interest Trust, evidencing a Regular Interest
        in
        REMIC 4 for purposes of the REMIC Provisions.

       

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

       

      “Class
        C
        Certificates ”: The Class 1-C Certificates and Class 2-C
        Certificates.

       

      “Class
        IO
        Interests”: The Class 1-IO Interest and Class 2-IO Interest.

       

      “Class
        IO
        Distribution Amount”: Any of the Group 1 Class IO Distribution Amount or the
        Group 2 Class IO Distribution Amount.

       

      “Class
        1-M-4 Interest Reserve Fund Amount”: The amount deposited in the Class M
        Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC
        Shortfall Amounts on the Class 1-M-4 Certificates, reduced by any distributions
        to the Class 1-M-4 Certificates pursuant to Section 4.15 on previous
        Distribution Dates. Initially, $210,302.

       

      “Class
        1-M-5 Interest Reserve Fund Amount”: The amount deposited in the Class M
        Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC
        Shortfall Amounts on the Class 1-M-5 Certificates, reduced by any distributions
        to the Class 1-M-5 Certificates pursuant to Section 4.15 on previous
        Distribution Dates. Initially, $175,228.

       

      “Class
        1-M-6 Interest Reserve Fund Amount”: The amount deposited in the Class M
        Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC
        Shortfall Amounts on the Class 1-M-6 Certificates, reduced by any distributions
        to the Class 1-M-6 Certificates pursuant to Section 4.15 on previous
        Distribution Dates. Initially, $179,604.

       

      “Class
        1-M-7 Interest Reserve Fund Amount”: The amount deposited in the Class M
        Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC
        Shortfall Amounts on the Class 1-M-7 Certificates, reduced by any distributions
        to the Class 1-M-7 Certificates pursuant to Section 4.15 on previous
        Distribution Dates. Initially, $154,392.

       

      “Class
        M
        Interest Reserve Fund”: A reserve fund to cover Net WAC Shortfall Amounts on the
        Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates as described
        in Section 4.15. 

       

      “Class
        P
        Certificates ”: The Class 1-P Certificates and Class 2-P
        Certificates.

       

      “Class
        R
        Certificate”: Any one of the Class R Certificates as designated on the face
        thereof substantially in the form annexed hereto as Exhibit B-4, evidencing
        the
        ownership of the Class R-1 Interest, Class R-2 Interest, Class R-3 Interest
        and
        Class R-4 Interest.

       

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

       

      
        
           

        

        
          31

          
            

          

        

        
           

        

      

      

       

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

       

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

       

      “Class
        R-4 Interest”: The uncertificated Residual Interest in REMIC 4.

       

      “Closing
        Date”: March 29, 2007.

       

      “Code”:
        The Internal Revenue Code of 1986.

       

      “Collateral
        Accounts”: Any of the Group 1 Collateral Account or the Group 2 Collateral
        Account.

       

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

       

      “Commission”:
        The Securities and Exchange Commission.

       

      “Compensating
        Interest”: With respect to any Distribution Date, any payments made by the
        Subservicer or the Master Servicer from its own funds to cover Prepayment
        Interest Shortfalls, which shall be equal to the lesser of (x) the sum of
        the
        related Master Servicing and related Sub-Servicing Fees not including such
        portion that represents the Excess Servicing Strip for the related Distribution
        Date, and (y) the related Prepayment Interest Shortfall for such Distribution
        Date.

       

      “Conduit
        Buster”: Any loan in Loan Group 2 having a prepayment penalty term with a five
        year lockout and penalty points of five in year six, four in year seven,
        three
        in year eight, two in year nine and one in year ten.

       

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

       

      “Corporate
        Trust Office”: The principal corporate trust office of the Trustee at which at
        any particular time its corporate trust business related to this Agreement
        shall
        be administered, which office at the date of the execution of this Agreement
        is
        located at 1761 East St. Andrew Place, Santa Ana, California 92705, Attention:
        Corporate Trust, Impac Secured Assets Corp. Series 2007-2 (IM07S2).

       

      “Corresponding
        Certificate”: With respect to each REMIC 3 Regular Interest (other than REMIC 3
        Regular Interests 1-AA, 2-AA, 1-ZZ, 2-ZZ, 1-IO and 2-IO), the Certificate
        with
        the corresponding designation. With respect to each REMIC 4 Regular Interest
        (other than the Class IO Interests), the related Certificate representing
        an
        ownership therein.

       

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

       

      
        
           

        

        
          32

          
            

          

        

        
           

        

      

      

       

      “Credit
        Support Annex One”: The credit support annex, dated as of March 29, 2007,
        between the Group 1 Supplemental Interest Trust Trustee and Bank of America,
        N.A., which is annexed to and forms part of the Group 1 Swap
        Agreement.

       

      “Credit
        Support Annex Two”: The credit support annex, dated as of March 29, 2007,
        between the Group 2 Supplemental Interest Trust Trustee and Bank of America,
        N.A., which is annex to and forms part of the Group 2 Swap
        Agreement.

       

      “Credit
        Support Annex Three”: The credit support annex, dated as of March 29, 2007,
        between the Group 1 Supplemental Interest Trust Trustee and Bank of America,
        N.A., which is annexed to and forms part of the Group 1 Cap I
        Contract.

       

      “Credit
        Support Annex Four”: The credit support annex, dated as of March 29, 2007,
        between the Group 1 Supplemental Interest Trust Trustee and Bank of America,
        N.A., which is annexed to and forms part of the Group 1 Cap II
        Contract.

       

      “Credit
        Support Annex Five”: The credit support annex, dated as of March 29, 2007,
        between the Group 2 Supplemental Interest Trust Trustee and Bank of America,
        N.A., which is annexed to and forms part of the Group 2 Cap
        Contract.

       

      “Cross
        Collateralized Loss Payments”: For any payment date and each Loan Group, the
        amount, if any, of Crossable Excess from such Loan Group available to cover
        Crossable Losses in the other Loan Group as provided in Sections 4.01(l)(vi)
        and
        (m)(v).

       

      “Crossable
        Excess”: With respect to Loan Group 1 and Loan Group 2 and any Distribution
        Date, an amount equal to the related Net Monthly Excess Cashflow remaining
        after
        distributions made pursuant to Sections 4.01(l)(v) and (m)(iv),
        respectively.

       

      “Crossable
        Losses”: With respect to either Loan Group and any Distribution Date, an amount
        equal to any Realized Losses suffered by any Mortgage Loan in such Loan Group,
        to the extent that such Realized Losses have not been covered by related
        Net
        Monthly Excess Cashflow on such Distribution Date, and any previously
        unreimbursed Realized Losses suffered by any Mortgage Loans in such Loan
        Group
        to the extent such Realized Losses have not been covered by related and
        non-related Net Monthly Excess Cashflow on prior Distribution Dates.

       

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

      

       

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

       

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

       

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

       

      “Custodian”:
        Deutsche Bank National Trust Company.

       

      “Cut-off
        Date”: With respect to the Mortgage Loans, March 1, 2007. References herein to
        the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall
        be to the respective Cut-off Dates for such Mortgage Loans.

       

      “Cut-off
        Date Balance”: Any of the Group 1 Cut-off Date Balance or Group 2 Cut-off Date
        Balance, as applicable.

       

      “Debt
        Service Coverage Ratio”: With respect to any multifamily loan at any given time,
        the ratio of (i) the net cashflow of the related mortgaged property for a
        twelve
        month period to (ii) the annualized scheduled payments on the mortgage loan.
        

       

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

       

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

       

      “Deficiency
        Amount”: As applied to the Class 1-AM Certificates and Class 2-A Certificates,
        (A) with respect to each Distribution Date prior to the related Final Scheduled
        Distribution Date, an amount equal to the sum of (i) the excess, if any,
        of (a)
        the aggregate amount of the Monthly Interest Distributable Amount on the
        Class
        1-AM Certificates or Class 2-A Certificates for that Distribution Date over
        (b)
        the funds available to make payment thereof pursuant to Article IV of this
        Agreement for that Distribution Date and (ii) the amount of any Realized
        Losses
        allocated to the Class 1-AM Certificates or Class 2-A Certificates for such
        Distribution Date; and (B) with respect to the related Final Scheduled
        Distribution Date and the Class 1-AM Certificates or Class 2-A Certificates,
        as
        the case may be, an amount equal to the sum of (i) the excess, if any, of
        (a)
        the amount of the Monthly Interest Distributable Amount on the Class 1-AM
        Certificates or Class 2-A Certificates for the related Final Scheduled
        Distribution Date over (b) the funds available to make payment thereof pursuant
        to Article IV of this Agreement for the related Final Scheduled Distribution
        Date and (ii) the outstanding Certificate Principal Balance of the Class
        1-AM
        Certificates or Class 2-A Certificates due on the related Final Scheduled
        Distribution Date to the extent not paid from the related Available Distribution
        Amount on the related Final Scheduled Distribution Date. Any Deficiency Amount
        shall not include any Prepayment Interest Shortfalls, any Relief Act Shortfalls
        or any Net WAC Shortfall Amounts. 

       

      
        
           

        

        
          34

          
            

          

        

        
           

        

      

      

       

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

       

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

       

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

       

      “Delinquent”:
        The delinquency method used for calculations with respect to the mortgage
        loans
        will be in accordance with the methodology used by lenders regulated by the
        Office of Thrift Supervision. Under this method, a mortgage loan is considered
        “30 days or more Delinquent” if the borrower fails to make a scheduled payment
        prior to the close of business on the mortgage loan’s first succeeding due date.
        A mortgage loan would be considered “60 days or more delinquent” with respect to
        such scheduled payment if such scheduled payment were not made prior to the
        close of business on the mortgage loan’s second succeeding due date. Similarly
        for “90 days or more delinquent” and so on. Unless otherwise specified, with
        respect to any date of determination, determinations of delinquency are made
        as
        of the last day of the prior calendar month. Mortgage Loans with Due Dates
        which
        are not the first of the month are treated as if the Due Date was the first
        of
        the following month. 

       

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

       

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

       

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

       

      “Derivative
        Account”: The Group 1 Derivative Account or Group 2 Derivative Account, as
        applicable.

       

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

       

      
        
           

        

        
          35

          
            

          

        

        
           

        

      

      

       

      “Disqualified
        Organization”: Any organization defined as a “disqualified organization” under
        Section 860E(e)(5) of the Code, which includes any of the following: (i)
        the
        United States, any State or political subdivision thereof, any possession
        of the
        United States, or any agency or instrumentality of any of the foregoing (other
        than an instrumentality which is a corporation if all of its activities are
        subject to tax and, except for the Freddie Mac, a majority of its board of
        directors is not selected by such governmental unit), (ii) a foreign government,
        any international organization, or any agency or instrumentality of any of
        the
        foregoing, (iii) any organization (other than certain farmers' cooperatives
        described in Section 521 of the Code) which is exempt from the tax imposed
        by
        Chapter 1 of the Code (including the tax imposed by Section 511 of the Code
        on
        unrelated business taxable income), (iv) rural electric and telephone
        cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other
        Person so designated by the Trustee based upon an Opinion of Counsel that
        the
        holding of an Ownership Interest in a Class R Certificate by such Person
        may
        cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 or any Person having an Ownership
        Interest in any Class of Certificates (other than such Person) to incur a
        liability for any federal tax imposed under the Code that would not otherwise
        be
        imposed but for the Transfer of an Ownership Interest in a Class R Certificate
        to such Person. The terms “United States”, “State” and “international
        organization” shall have the meanings set forth in Section 7701 of the Code or
        successor provisions.

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

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

       

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

       

      “Excess
        Proceeds”: As defined in Section 3.22.

       

      “Excess
        Servicing Strip”: With respect to any Group 2 Loan that has not become a
        Specially Serviced Group 2 Loan, that portion of the related Sub-Servicing
        Fee
        computed at a rate equal to the excess of (a) 0.25% (25 basis points) per
        annum
        over (b) 0.14% (14 basis points) per annum. With respect to any Group 2 Loan
        that has become a Specially Serviced Group 2 Loan, that portion of the related
        Sub-Servicing Fee computed at a rate equal to the excess of (a) 0.75% (75
        basis
        points) per annum over (b) 0.64% (64 basis points) per annum. 

       

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

       

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

       

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

       

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

       

      “Final
        Scheduled Distribution Date”: With respect to the Group 1 Certificates, the
        Distribution Date occurring in May 2037. With respect to the Class 2-A
        Certificates, the Distribution Date occurring in April 2037.

       

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

       

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

       

      
        
           

        

        
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      “Group
        1
        Cap Contracts”: The interest rate cap agreements, dated as of March 29, 2007,
        between the Group 1 Cap Counterparty and Group 1 Supplemental Interest Trust
        Trustee, including any schedule, confirmations, credit support annex or other
        credit support document relating thereto, and attached hereto as Exhibit
        M-2.

       

      “Group
        1
        Cap Counterparty”: The cap provider under the Group 1 Cap Contracts. Initially,
        the Group 1 Cap Counterparty shall be Bank of America, N.A.

       

      “Group
        1
        Certificates”: The Class 1-A, Class 1-M and Class 1-B Certificates.

       

      “Group
        1
        Class IO Distribution Amount”: As defined in Section 4.10 hereof. For purposes
        of clarity, the Group 1 Class IO Distribution Amount for any Distribution
        Date
        shall equal the amount payable to the Group I Supplemental Interest Trust
        with
        respect to the Group 1 Interest Rate Swap Agreement pursuant to the first
        and
        second sentences of Section 4.01(a) (sixth paragraph) on such Distribution
        Date
        in excess of the amount payable on the Class 1-IO Interest on such Distribution
        Date, all as further provided in Section 4.10 hereof.

       

      “Group
        1
        Collateral Account”: Shall mean the segregated trust account created and
        maintained by the Group 1 Custodian pursuant to Section 4.14(i)
        hereof.

       

      “Group
        1
        Credit Support Annexes”: Each of Credit Support Annex One, Credit Support Annex
        Three, and Credit Support Annex Four.

       

      “Group
        1
        Custodian”: As defined in Section 4.14(i).

       

      “Group
        1
        Cut-off Date Balance”: With respect to any Mortgage Loan in Loan Group 1, the
        Stated Principal Balance thereof as of the Cut-off Date.

       

      “Group
        1
        Derivative Account”: As defined in Section 4.10(i).

       

      “Group
        1
        Derivative Contract”: Any of the Group 1 Cap Contracts or the Group 1 Interest
        Rate Swap Agreement, as applicable.

       

      “Group
        1
        Derivative Termination Payment”: Any termination payment due under a Group 1
        Derivative Contract upon the early termination of such Group 1 Derivative
        Contract.

       

      “Group
        1
        Estimated Swap Termination Payment”: As defined in the Group 1 Interest Rate
        Swap Agreement.

       

      “Group
        1
        Interest Rate Swap Agreement”: The interest rate swap agreement, dated as of
        March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and
        the
        Swap Provider for the benefit of the Class 1-A, Class 1-M and Class 1-B
        Certificates, which agreement provides for Net Swap Payments and Swap
        Termination Payments to be paid, as provided therein, including any schedule,
        confirmations, credit support annex or other credit support document relating
        thereto, and attached hereto as Exhibit M-1.

       

      “Group
        1
        Loans”: The Mortgage Loans in Loan Group 1.

       

      
        
           

        

        
          38

          
            

          

        

        
           

        

      

      

       

      “Group
        1
        Marker Rate”: With respect to the Class 1-C Certificates and any Distribution
        Date, a per annum rate equal to two (2) times the weighted average of the
        Uncertificated REMIC 3 Pass-Through Rates for each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is the
        Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, with the rate
        on
        each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interests
        1-AM and 1-ZZ) subject to a cap equal to the least of (i) LIBOR plus the
        Certificate Margin for the Corresponding Certificate for such Distribution
        Date,
        (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4
        Regular
        Interest the ownership of which is represented by the Corresponding Certificate
        for such Distribution Date for the purpose of this calculation, with the
        rate on
        REMIC 3 Regular Interest 1-AM subject to a cap equal to the least of (i)
        LIBOR
        plus the Certificate Margin for the Corresponding Certificate for such
        Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate
        for
        the REMIC 4 Regular Interest, the ownership of which is represented by the
        Corresponding Certificate for such Distribution Date, in each case, plus
        the
        Policy Premium Rate for the Class 1-AM Certificates, for the purpose of this
        calculation, and with the rate on REMIC 3 Regular Interest 1-ZZ subject to
        a cap
        of zero for the purpose of this calculation; provided, however, that solely
        for
        this purpose, the related cap with respect to each such REMIC 3 Group 1 Regular
        Interest (other than REMIC 3 Regular Interest 1-ZZ) shall be multiplied by
        a
        fraction, the numerator of which is 30 and the denominator of which is the
        actual number of days in the related Accrual Period.

       

      “Group
        1
        Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any
        Distribution Date, the excess of (i) the sum of (x) accrued interest at the
        Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest
        1-ZZ for such Distribution Date on a balance equal to the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-ZZ minus the REMIC 3 Group
        1
        Overcollateralized Amount, in each case for such Distribution Date and (y)
        1.00%
        of the accrued interest on REMIC 3 Regular Interest 1-P at the applicable
        Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over
        (ii)
        the aggregate amount of Uncertificated Accrued Interest for such Distribution
        Date on the REMIC 3 Group 1 Regular Interests for which the Class 1-A, Class
        1-M
        and Class 1-B Certificates are the Corresponding Certificates, with the rate
        on
        each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest
        1-AM) subject to a cap equal to the least of (i) LIBOR plus the Certificate
        Margin for the Corresponding Certificate for such Distribution Date, (ii)
        11.50%
        per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest
        the ownership of which is represented by the Corresponding Certificate for
        such
        Distribution Date for the purpose of this calculation, and with the rate
        on
        REMIC 3 Regular Interest 1-AM subject to a cap equal to the least of (i)
        LIBOR
        plus the Certificate Margin for the Corresponding Certificate for such
        Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate
        for
        the REMIC 4 Regular Interest the ownership of which is represented by the
        Corresponding Certificate for such Distribution Date, in each case, plus
        the
        Policy Premium Rate for the Class 1-AM Certificates, for the purpose of this
        calculation; provided, however, that solely for this purpose, the related
        cap
        with respect to each such REMIC 3 Group 1 Regular Interest shall be multiplied
        by a fraction, the numerator of which is 30 and the denominator of which
        is the
        actual number of days in the related Accrual Period.

       

      “Group
        1
        Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Group
        1 Loans weighted on the basis of the Stated Principal Balances of the Group
        1
        Loans as of the related Due Date (prior to giving effect to any reduction
        in the
        Stated Principal Balances of such Mortgage Loans on such Due Date).

       

      
        
           

        

        
          39

          
            

          

        

        
           

        

      

      

       

      “Group
        1
        Net Swap Payment”: With respect to each Distribution Date, the net payment
        required to be made pursuant to the terms of the Group 1 Interest Rate Swap
        Agreement by either the Group 1 Swap Provider or the Group 1 Supplemental
        Interest Trust, which net payment shall not take into account any Group 1
        Swap
        Termination Payment.

       

      “Group
        1
        Net WAC Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B
        Certificates and any Distribution Date, a per annum rate equal to the excess,
        if
        any, of (A) a per annum rate equal to the Group 1 Net Mortgage Rate over
        (B) (1)
        the sum of (a) a per annum rate equal to the Net Swap Payment with respect
        to
        the Group 1 Interest Rate Swap Agreement payable to the Group 1 Swap Provider
        on
        such Distribution Date, divided by the outstanding Stated Principal Balance
        of
        the Group 1 Loans as of the first day of the calendar month preceding the
        month
        in which the Distribution Date occurs, multiplied by 12, and (b) a per annum
        rate equal to any Swap Termination Payment with respect to the Group 1 Interest
        Rate Swap Agreement not due to a Swap Provider Trigger Event payable to the
        Group 1 Swap Provider on such Distribution Date, divided by the outstanding
        Stated Principal Balance of the Group 1 Loans as of the first day of the
        calendar month preceding the month in which the Distribution Date occurs,
        multiplied by 12, and (2) in the case of the Class 1-AM Certificates, the
        Policy
        Premium Rate for the Class 1-AM Certificates. The Group 1 Net WAC Rate will
        be
        adjusted to an effective rate reflecting the accrual of interest on an
        actual/360 basis. With respect to any Distribution Date and the REMIC 4 Regular
        Interests the ownership of which is represented by the Class 1-A, Class 1-M
        and
        Class 1-B Certificates, a per annum rate equal to the weighted average (adjusted
        for the actual number of days elapsed in the related Accrual Period) of the
        Uncertificated REMIC 3 Pass-Through Rates on the REMIC 3 Group 1 Regular
        Interests (other than REMIC 3 Regular Interest 1-IO), weighted on the basis
        of
        the Uncertificated Principal Balances of each such REMIC 3 Group 1 Regular
        Interest immediately prior to such Distribution Date, minus, in the case
        of the
        REMIC 4 Regular Interests the ownership of which is represented by the Class
        1-AM Certificates, the Policy Premium Rate for the Class 1-AM
        Certificates.

       

      “Group
        1
        Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for
        the benefit of the Holders of the Group 1 Certificates and the Class 1-C
        Certficates, and funded on the Closing Date by or on behalf of the Depositor
        with an amount equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit.
        The
        Group 1 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the
        meaning of Treasury regulation Section 1.860G-2(h), which is not an asset
        of any
        REMIC, the ownership of which is evidenced by the Class 1-C Certificates,
        and
        which is established and maintained pursuant to Section 4.08.

       

      “Group
        1
        Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 1 Net WAC
        Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall
        fund initially pursuant to Section 4.08 hereof.

       

      “Group
        1
        Optional Termination”: As defined in Section 9.01(b) of this
        Agreement.

       

      
        
           

        

        
          40

          
            

          

        

        
           

        

      

      

       

      “Group
        1
        Overcollateralization Deficiency Amount”: With respect to any Distribution Date,
        the amount, if any, by which the Group 1 Overcollateralization Target Amount
        exceeds the Group 1 Overcollateralized Amount on such Distribution Date (after
        giving effect to distributions in respect of the related Basic Principal
        Distribution Amount on such Distribution Date).

       

      “Group
        1
        Overcollateralization Floor”: With respect to any Distribution Date, 0.50% of
        the Group 1 Cut-off Date Balance.

       

      “Group
        1
        Overcollateralization Release Amount”: With respect to any Distribution Date,
        the lesser of (x) the related Principal Remittance Amount for such Distribution
        Date and (y) the excess, if any, of (i) the Group 1 Overcollateralized Amount
        for such Distribution Date (assuming that 100% of the related Principal
        Remittance Amount is applied as a principal payment on such Distribution
        Date)
        over (ii) the Group 1 Overcollateralization Target Amount for such Distribution
        Date.

       

      “Group
        1
        Overcollateralization Target Amount”: With respect to any Distribution Date
        prior to the Group 1 Stepdown Date, 1.15% of the Group 1 Cut-off Date Balance.
        With respect to any Distribution Date on or after the Group 1 Stepdown Date,
        the
        greater of (x) 2.30% of the aggregate Stated Principal Balance of the Group
        1
        Loans and (y) the Group 1 Overcollateralization Floor; provided, however,
        that
        if a Group 1 Trigger Event is in effect on any Distribution Date, the Group
        1
        Overcollateralization Target Amount will be equal to the Group 1
        Overcollateralization Target Amount on the prior Distribution Date.

       

      “Group
        1
        Overcollateralized Amount”: For any Distribution Date, the amount, if any, by
        which (i) the aggregate Stated Principal Balance of the related mortgage
        loans
        (after giving effect to scheduled payments of principal due during the related
        Due Period, to the extent received or advanced, unscheduled collections of
        principal received during the related Prepayment Period and any Realized
        Losses
        on the mortgage loans during the related Prepayment Period), exceeds (ii)
        the
        aggregate Certificate Principal Balance of the Class 1-A, Class 1-M, Class
        1-B
        and the Class 1-P Certificates as of such Distribution Date (after giving
        effect
        to distributions in respect of the related Principal Remittance Amount to
        be
        made on such Distribution Date).

       

      “Group
        1
        Schedule”: The ISDA schedule, dated as of March 29, 2007, between the Group 1
        Supplemental Interest Trust Trustee and Bank of America, N.A.

       

      “Group
        1
        Stepdown Date”: The earlier of (i) the first Distribution Date after the
        Distribution Date on which the aggregate Certificate Principal Balance of
        the
        Class 1-A Certificates have been reduced to zero and (ii) the later to occur
        of
        (x) the Distribution Date occurring in April 2010 and (y) the first Distribution
        Date on which the aggregate Certificate Principal Balance of the Class 1-A
        Certificates (calculated, for this purpose only, prior to any distribution
        of
        principal to the holders of the related certificates) is less than or equal
        to
        86.10% of the aggregate principal balance of the Group 1 Loans, calculated
        after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period. 

       

      
        
           

        

        
          41

          
            

          

        

        
           

        

      

      

       

      “Group
        1
        Step-Up Date”: The first Distribution Date following the first month in which
        the aggregate unpaid principal balance of the Group 1 Loans, and properties
        acquired in respect thereof, remaining in the trust has been reduced to less
        than or equal to 10% of the aggregate Group 1 Cut-off Date Balance.

       

      “Group
        1
        Subordinate Class Principal Distribution Amount”: For any class of Class 1-M-1,
        Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7,
        Class 1-M-8 and Class 1-B Certificates and any Distribution Date, the excess
        of
        (1) the sum of (a) the aggregate Certificate Principal Balance of the Class
        1-A
        Certificates (after taking into account distribution of the Class 1-A Principal
        Distribution Amount for such Distribution Date), (b) the aggregate Certificate
        Principal Balance of any class(es) of Class 1-M-1, Class 1-M-2, Class 1-M-3,
        Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7 and Class 1-M-8 that are
        senior to the subject class (in each case, after taking into account
        distribution of the Group 1 Subordinate Class Principal Distribution Amount(s)
        for such more senior class(es) of Certificates for such Distribution Date)
        and
        (c) the Certificate Principal Balance of the subject class of Class 1-M-1,
        Class
        1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class
        1-M-8 and Class 1-B Certificates immediately prior to such Distribution Date
        over (2) the lesser of (a) the product of (x) 100% minus the Stepdown Target
        Subordination Percentage for the subject class of Certificates and (y) the
        aggregate Stated Principal Balance of the Group 1 Loans for such Distribution
        Date and (b) the aggregate Stated Principal Balance of the Group 1 Loans
        for
        such Distribution Date minus the Group 1 Overcollateralization Floor; provided,
        however, that if such class of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class
        1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 or Class 1-B
        Certificates is the only class of Group 1 Subordinate Certificates outstanding
        on such Distribution Date, that class will be entitled to receive the entire
        remaining related Principal Distribution Amount until the Certificate Principal
        Balance thereof is reduced to zero.

       

      “Group
        1
        Supplemental Interest Trust”: The corpus of a trust created pursuant to Section
        4.10 of this Agreement and designated as the “Group 1 Supplemental Interest
        Trust,” consisting of the Group 1 Interest Rate Swap Agreement, the Group 1
        Derivative Account, the Group 1 Cap Contracts and the Class 1-IO Interest.
        For
        the avoidance of doubt, the Group 1 Supplemental Interest Trust does not
        constitute a part of the Trust Fund.

       

      “Group
        1
        Supplemental Interest Trust Trustee”: Deutsche Bank National Trust Company, or
        its successor in interest, or any successor trustee appointed as herein
        provided.

       

      “Group
        1
        Swap Optional Termination Payment”: As defined in Section 9.01(b)
        hereof.

       

      “Group
        1
        Swap Provider”: The swap provider under the Group 1 Interest Rate Swap Agreement
        either (a) entitled to receive payments from the Group 1 Supplemental Interest
        Trust from amounts payable by the Trust Fund with respect to the Mortgage
        Loans
        under this Agreement or (b) required to make payments to the Group 1
        Supplemental Interest Trust for payment to the Trust Fund with respect to
        the
        Mortgage Loans, in either case pursuant to the terms of the Group 1 Interest
        Rate Swap Agreement, and any successor in interest or assign. Initially,
        the
        Group 1 Swap Provider shall be Bank of America, N.A.

       

      
        
           

        

        
          42

          
            

          

        

        
           

        

      

      

       

      “Group
        1
        Trigger Event”: A Group 1 Trigger Event is in effect with respect to any
        Distribution Date with respect to the Group 1 Loans if:

       

      (1) the
        average three-month rolling percentage obtained by dividing (x) Aggregate
        Stated
        Principal Balance of the Group 1 Loans that are 60 or more days Delinquent
        (including for this purpose any such mortgage loans in foreclosure, Mortgage
        Loans with respect to which the related Mortgaged Property has been acquired
        by
        the trust, and Mortgage Loans discharged due to bankruptcy) by (y) the Aggregate
        Stated Principal Balance of the Mortgage Loans, in each case, as of the last
        day
        of the previous calendar month, exceeds 43.00% multiplied by the related
        Credit
        Enhancement Percentage; or

       

      (2) the
        cumulative amount of Realized Losses incurred on the Group 1 Loans from the
        Cut-off Date through the end of the calendar month immediately preceding
        such
        Distribution Date divided by the Group 1 Cut-off Date Balance exceeds (i)
        0.25%
        with respect to the Distribution Date occurring in April 2009, plus an
        additional 1/12th of 0.40% for each month thereafter up to and including
        the
        Distribution Date in March 2010, (ii) 0.65% with respect to the Distribution
        Date occurring in April 2010, plus an additional 1/12th of 0.45% for each
        month
        thereafter up to and including the Distribution Date in March 2011, (iii)
        1.10%
        with respect to the Distribution Date occurring in April 2011, plus an
        additional 1/12th of 0.45% for each month thereafter up to and including
        the
        Distribution Date in March 2012, (iv) 1.55% with respect to any Distribution
        Date occurring in April 2012, plus an additional 1/12th of 0.30% for each
        month
        thereafter up to and including the Distribution Date in March 2013 and (v)
        1.85%
        with respect to any Distribution Date occurring in April 2013 and
        thereafter.

       

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

       

      “Group
        2
        Cap Contract”: The interest rate cap agreement, dated as of March 29, 2007,
        between the Group 2 Cap Counterparty and Group 2 Supplemental Interest Trust
        Trustee, including any schedule, confirmations, credit support annex or other
        credit support document relating thereto, and attached hereto as Exhibit
        M-2.

       

      “Group
        2
        Cap Counterparty”: The cap provider under the Group 2 Cap Contract. Initially,
        the Group 2 Cap Counterparty shall be Bank of America, N.A.

       

      “Group
        2
        Class IO Distribution Amount”: As defined in Section 4.11 hereof. For purposes
        of clarity, the Group 2 Class IO Distribution Amount for any Distribution
        Date
        shall equal the amount payable to the Group 2 Supplemental Interest Trust
        with
        respect to the Group 2 Interest Rate Swap Agreement pursuant to the first
        and
        second sentences of Section 4.01(a) (sixth paragraph) on such Distribution
        Date
        in excess of the amount payable on the Class 2-IO Interest on such Distribution
        Date, all as further provided in Section 4.11 hereof.

       

      “Group
        2
        Collateral Account”: Shall mean the segregated trust account created and
        maintained by Group 2 Custodian pursuant to Section 4.14(ii)
        hereof.

       

      “Group
        2
        Credit Support Annexes”: Each of Credit Support Annex Two and Credit Support
        Annex Five.

       

      
        
           

        

        
          43

          
            

          

        

        
           

        

      

      

       

      “Group
        2
        Custodian”: As defined in Section 4.14(ii).

       

      “Group
        2
        Cut-off Date Balance”: With respect to any Mortgage Loan in Loan Group 2, the
        Stated Principal Balance thereof as of the Cut-off Date.

       

      “Group
        2
        Derivative Account”: As defined in Section 4.11(i).

       

      “Group
        2
        Derivative Contract”: Any of the Group 2 Cap Contract or the Group 2 Interest
        Rate Swap Agreement, as applicable.

       

      “Group
        2
        Derivative Termination Payment”: Any termination payment due under a Group 2
        Derivative Contract upon the early termination of such Group 2 Derivative
        Contract.

       

      “Group
        2
        Estimated Swap Termination Payment”: As defined in the Group 2 Interest Rate
        Swap Agreement.

       

      “Group
        2
        Marker Rate”: With respect to the Class 2-C Certificates and any Distribution
        Date, a per annum rate equal to two (2) times the weighted average of the
        Uncertificated REMIC 3 Pass-Through Rates for REMIC 3 Regular Interest 2-A
        and
        REMIC 3 Regular Interest 2-ZZ, with the rate on REMIC 3 Regular Interest
        2-A
        subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin
        for
        the Corresponding Certificate for such Distribution Date, (ii) 11.50% per
        annum
        and (iii) the Group 2 Net WAC Rate for the REMIC 4 Regular Interest the
        ownership of which is represented by the Corresponding Certificate for such
        Distribution Date, in each case, plus the Policy Premium Rate for the Class
        2-A
        Certificates, for the purpose of this calculation, and with the rate on REMIC
        3
        Regular Interest 2-ZZ subject to a cap of zero for the purpose of this
        calculation; provided, however, that solely for this purpose, the related
        cap
        with respect to REMIC 3 Regular Interest 2-A shall be multiplied by a fraction,
        the numerator of which is 30 and the denominator of which is the actual number
        of days in the related Accrual Period.

       

      “Group
        2
        Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any
        Distribution Date, the excess of (i) the sum of (x) accrued interest at the
        Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest
        2-ZZ for such Distribution Date on a balance equal to the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 2-ZZ minus the REMIC 3 Group
        2
        Overcollateralized Amount, in each case for such Distribution Date and (y)
        1.00%
        of the accrued interest on REMIC 3 Regular Interest 2-P at the applicable
        Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over
        (ii)
        the aggregate amount of Uncertificated Accrued Interest for such Distribution
        Date on REMIC 3 Regular Interest 2-A, with the rate on such REMIC 3 Regular
        Interest subject to a cap equal to the least of (i) LIBOR plus the Certificate
        Margin for the Corresponding Certificate for such Distribution Date, (ii)
        11.50%
        per annum and (iii) the Group 2 Net WAC Rate for the REMIC 4 Regular Interest
        the ownership of which is represented by the Corresponding Certificate for
        such
        Distribution Date, in each case, plus the Policy Premium Rate for the Class
        2-A
        Certificates, for the purpose of this calculation; provided, however, that
        solely for this purpose, the related cap with respect to REMIC 3 Regular
        Interest 2-A shall be multiplied by a fraction, the numerator of which is
        30 and
        the denominator of which is the actual number of days in the related Accrual
        Period.

       

      
        
           

        

        
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      “Group
        2
        Interest Rate Swap Agreement”: The interest rate swap agreement, dated as of
        March 29, 2007, between the Group 2 Supplemental Interest Trust Trustee and
        the
        Swap Provider for the benefit of the Class 2-A Certificates, which agreement
        provides for Net Swap Payments and Swap Termination Payments to be paid,
        as
        provided therein, including any schedule, confirmations, credit support annex
        or
        other credit support document relating thereto, and attached hereto as Exhibit
        M-1.

       

      “Group
        2
        Loans”: The Mortgage Loans in Loan Group 2. 

       

      “Group
        2
        Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Group
        2 Loans weighted on the basis of the Stated Principal Balances of the Group
        2
        Loans as of the related Due Date (prior to giving effect to any reduction
        in the
        Stated Principal Balances of such Mortgage Loans on such due date).

       

      “Group
        2
        Net Swap Payment”: With respect to each Distribution Date, the net payment
        required to be made pursuant to the terms of the Group 2 Interest Rate Swap
        Agreement by either the Group 2 Swap Provider or the Group 2 Supplemental
        Interest Trust, which net payment shall not take into account any Group 2
        Swap
        Termination Payment.

       

      “Group
        2
        Net WAC Rate”: With respect to the Class 2-A Certificates and any Distribution
        Date, a per annum rate equal to the excess, if any, of (A) a per annum rate
        equal to the Group 2 Net Mortgage Rate over (B) the sum of (1) the sum of
        (a) a
        per annum rate equal to the Net Swap Payment with respect to the Group 2
        Interest Rate Swap Agreement payable to the Group 2 Swap Provider on such
        Distribution Date, divided by the outstanding Stated Principal Balance of
        the
        Group 2 Loans as of the first day of the calendar month preceding the month
        in
        which the Distribution Date occurs, multiplied by 12, and (b) a per annum
        rate
        equal to any Swap Termination Payment with respect to the Group 2 Interest
        Rate
        Swap Agreement not due to a Swap Provider Trigger Event payable to the Group
        2
        Swap Provider on such Distribution Date, divided by the outstanding Stated
        Principal Balance of the Group 2 Loans as of the first day of the calendar
        month
        preceding the month in which the Distribution Date occurs, multiplied by
        12, and
        (2) the Policy Premium Rate for the Class 2-A Certificates. The Group 2 Net
        WAC
        Rate will be adjusted to an effective rate reflecting the accrual of interest
        on
        an actual/360 basis. With respect to any Distribution Date and the REMIC
        4
        Regular Interests the ownership of which is represented by the Class 2-A
        Certificates, a per annum rate equal to the weighted average (adjusted for
        the
        actual number of days elapsed in the related Accrual Period) of the
        Uncertificated REMIC 3 Pass-Through Rates on the REMIC 3 Group 2 Regular
        Interests (other than REMIC 3 Regular Interest 2-IO), weighted on the basis
        of
        the Uncertificated Principal Balances of each such REMIC 3 Group 2 Regular
        Interest immediately prior to such Distribution Date, minus the Policy Premium
        Rate for the Class 2-A Certificates. 

       

      “Group
        2
        Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for
        the benefit of the Holders of the Class 2-A Certificates and the Class 2-C
        Certificates, and funded on the Closing Date by or on behalf of the Depositor
        with an amount equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit.
        The
        Group 2 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the
        meaning of Treasury regulation Section 1.860G-2(h), which is not an asset
        of any
        REMIC, the ownership of which is evidenced by the Class 2-C Certificates,
        and
        which is established and maintained pursuant to Section 4.09.

       

      
        
           

        

        
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      “Group
        2
        Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 2 Net WAC
        Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall
        fund initially pursuant to Section 4.09 hereof.

       

      “Group
        2
        Optional Termination”: As defined in Section 9.01(g) of this
        Agreement.

       

      “Group
        2
        Overcollateralization Deficiency Amount”: With respect to any Distribution Date,
        the amount, if any, by which the Group 2 Overcollateralization Target Amount
        exceeds the Group 2 Overcollateralized Amount on such Distribution Date (after
        giving effect to distributions in respect of the related Basic Principal
        Distribution Amount on such Distribution Date).

       

      “Group
        2
        Overcollateralization Floor”: With respect to any Distribution Date, the greater
        of (x) 0.50% of the Group 2 Cut-off Date Balance and (y) two times the Stated
        Principal Balance of the Group 2 Loan with the largest outstanding Stated
        Principal Balance as of the end of the related Prepayment Period.

       

      “Group
        2
        Overcollateralization Release Amount”: With respect to any Distribution Date,
        the lesser of (x) the related Principal Remittance Amount for such Distribution
        Date and (y) the excess, if any, of (i) the Group 2 Overcollateralized Amount
        for such Distribution Date (assuming that 100% of the related Principal
        Remittance Amount is applied as a principal payment on such Distribution
        Date)
        over (ii) the Group 2 Overcollateralization Target Amount for such Distribution
        Date.

       

      “Group
        2
        Overcollateralization Target Amount”: With respect to any Distribution Date
        prior to the Group 2 Stepdown Date, 6.25% of the Group 2 Cut-off Date Balance.
        With respect to any Distribution Date on or after the Group 2 Stepdown Date,
        the
        greater of (x) 12.50% of the aggregate Stated Principal Balance of the Group
        2
        Loans and (y) the Group 2 Overcollateralization Floor; provided, however,
        that
        if a Group 2 Trigger Event is in effect on any Distribution Date, the Group
        2
        Overcollateralization Target Amount will be equal to the Group 2
        Overcollateralization Target Amount on the prior Distribution Date.

       

      “Group
        2
        Overcollateralized Amount”: For any Distribution Date, the amount, if any, by
        which (i) the aggregate principal balance of the related mortgage loans (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, unscheduled collections of principal
        received during the related Prepayment Period and any Realized Losses on
        the
        Mortgage Loans during the related Prepayment Period), exceeds (ii) the aggregate
        Certificate Principal Balance of the Class 2-A Certificates and the Class
        2-P
        Certificates as of such Distribution Date (after giving effect to distributions
        in respect of the related Principal Remittance Amount to be made on such
        Distribution Date).

       

      “Group
        2
        Schedule”: The ISDA schedule, dated as of March 29, 2007, between the Group 2
        Supplemental Interest Trust Trustee and Bank of America, N.A.

       

      “Group
        2
        Stepdown Date”: The later to occur of (x) the Distribution Date occurring in
        April 2014 and (y) the first Distribution Date on which the aggregate
        Certificate Principal Balance of the Class 2-A Certificates (calculated,
        for
        this purpose only, prior to any distribution of principal to the holders
        of the
        certificates) is less than or equal to 87.50% of the aggregate principal
        balance
        of the Group 2 Loans, calculated after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period. 

       

      
        
           

        

        
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      “Group
        2
        Step-Up Date”: The first Distribution Date following the first month in which
        the aggregate unpaid principal balance of the Group 2 Loans, and properties
        acquired in respect thereof, remaining in the trust has been reduced to less
        than or equal to 10% of the aggregate Group 2 Cut-off Date Balance.

       

      “Group
        2
        Supplemental Interest Trust”: The corpus of a trust created pursuant to Section
        4.11 of this Agreement and designated as the “Group 2 Supplemental Interest
        Trust,” consisting of the Group 2 Interest Rate Swap Agreement, the Group 2
        Derivative Account, the Group 2 Cap Contract and the Class 2-IO Interest.
        For
        the avoidance of doubt, the Group 2 Supplemental Interest Trust does not
        constitute a part of the Trust Fund.

       

      “Group
        2
        Supplemental Interest Trust Trustee”: Deutsche Bank National Trust Company, or
        its successor in interest, or any successor trustee appointed as herein
        provided.

       

      “Group
        2
        Swap Optional Termination Payment”: As defined in Section 9.01(f)
        hereof.

       

      “Group
        2
        Swap Provider”: The swap provider under the Group 2 Interest Rate Swap Agreement
        either (a) entitled to receive payments from the Group 2 Supplemental Interest
        Trust from amounts payable by the Trust Fund with respect to the Mortgage
        Loans
        under this Agreement or (b) required to make payments to the Group 2
        Supplemental Interest Trust for payment to the Trust Fund with respect to
        the
        Group 2 Mortgage Loans, in either case pursuant to the terms of the Group
        2
        Interest Rate Swap Agreement, and any successor in interest or assign.
        Initially, the Group 2 Swap Provider shall be Bank of America, N.A.

       

      “Group
        2
        Trigger Event”: A Group 2 Trigger Event is in effect with respect to any
        Distribution Date with respect to the Group 2 Loans if:

       

      (1) the
        three
        month average of the aggregate principal balance of Group 2 Loans that are
        60 or
        more days Delinquent (including for this purpose any such Mortgage Loans
        in
        bankruptcy or foreclosure and Mortgage Loans with respect to which the related
        mortgaged property has been acquired by the trust) as of the close of business
        on the last day of the preceding calendar month exceeds in the case of any
        Distribution Date prior to the April 2018 Distribution Date, 10.00%, and
        in the
        case of any Distribution Date on or after the April 2018 Distribution Date,
        12.00% of the aggregate Stated Principal Balance of the Group 2
        Loans;

       

      (2) the
        cumulative amount of Realized Losses incurred on the Group 2 Loans from the
        Cut-off Date through the end of the calendar month immediately preceding
        such
        Distribution Date divided by the Group 2 Cut-off Date Balance exceeds (i)
        4.75%
        with respect to the Distribution Date occurring in April 2014, plus an
        additional 1/12th of 1.25% for each month thereafter up to and including
        the
        Distribution Date in March 2015, (ii) 6.00% with respect to the Distribution
        Date occurring in April 2015, plus an additional 1/12th of 0.35% for each
        month
        thereafter up to and including the Distribution Date in March 2016, (iii)
        6.35%
        with respect to the Distribution Date occurring in April 2016, plus an
        additional 1/12th of 0.15% for each month thereafter up to and including
        the
        Distribution Date in March 2017 and (iv) 6.50% with respect to any Distribution
        Date occurring in April 2017 and thereafter.

       

      
        
           

        

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

       

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

       

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

       

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

       

      “Insurance
        Account”: The segregated, non-interest bearing trust account created and
        maintained pursuant to Section 4.12(b) of this Agreement. The Insurance Account
        shall be an Eligible Account. 

       

      “Insurance
        Agreement”: The Insurance and Indemnity Agreement, dated as of March 29, 2007,
        among the Certificate Insurer, the Depositor, the Sponsor, the Master Servicer,
        the Trustee and Impac Mortgage Holdings, Inc., in regard to the Class 1-AM
        Certificates and Class 2-A Certificates, as such agreement may be amended,
        modified or supplemented from time to time.

       

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

       

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

       

      “Insured
        Amounts”: Shall mean (1) with respect to any Distribution Date, any Deficiency
        Amount plus any Preference Amount and (2) with respect to the Final Scheduled
        Distribution Date, the Deficiency Amount for the Final Scheduled Distribution
        Date.

       

      “Insurer
        Default”: An insurer default will occur in the event the Certificate Insurer
        fails to make a payment under the Certificate Guaranty Insurance Policy or
        if
        certain events of bankruptcy or insolvency occur with respect to the Certificate
        Insurer. 

       

      “Interest
        Rate Swap Agreement”: The Group 1 Interest Rate Swap Agreement or the Group 2
        Interest Rate Swap Agreement. 

       

      
        
           

        

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

       

      “Interest
        Reserve Fund Amount”: The Class 1-M-4 Interest Reserve Fund Amount, Class 1-M-5
        Interest Reserve Fund Amount, Class 1-M-6 Interest Reserve Fund Amount and
        Class
        1-M-7 Interest Reserve Fund Amount, as applicable.

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      “Loan
        Group”: Any of Loan Group 1 or Loan Group 2.

       

      “Loan
        Group 1”: The group 1 loans.

       

      “Loan
        Group 2”: The group 2 loans.

       

      
        
           

        

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

       

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

       

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

       

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

       

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

       

      “Master
        Servicing Fee Rate”: With respect to each Mortgage Loan, the per annum rate of
        0.030%.

       

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

       

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

       

      “Midland”:
        Midland Loan Services, Inc., or its successor in interest. 

       

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

       

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

       

      “Monthly
        Interest Distributable Amount”: For any Distribution Date and each class of
        Offered Certificates, Class 1-B Certificates, Class C Certificates and Class
        IO
        Interests, the amount of interest accrued during the related Accrual Period
        at
        the related Pass-Through Rate on the Certificate Principal Balances or Notional
        Balances or Uncertificated Notional Amounts of such Certificates or interests
        immediately prior to such Distribution Date, in each case, reduced by any
        Net
        Prepayment Interest Shortfalls to the extent not covered by Compensating
        Interest payable by the Sub-Servicer or Master Servicer and any shortfalls
        resulting from the application of the Relief Act (in each case to the extent
        allocated to such class of Certificates or interests as set forth in Section
        1.03). The Monthly Interest Distributable Amount on the Offered Certificates
        and
        Class 1-B Certificates will be calculated on the basis of the actual number
        of
        days in the related Accrual Period and a 360-day year.

       

      
        
           

        

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

       

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

       

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

       

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

       

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

       

      “Mortgage
        Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as of March
        29, 2007, among Impac Funding Corporation, as sponsor, Impac Mortgage Holdings,
        Inc. and the Depositor as purchaser, and all amendments thereof and supplements
        thereto.

       

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

       

      (i) [reserved];

       

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

       

      (iii) the
        original term to maturity;

       

      
        
           

        

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

       

      (v) the
        first
        payment date;

       

      (vi) the
        applicable Loan Group;

       

      (vii) the
        type
        of Mortgaged Property;

       

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

       

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

       

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

       

      (xi) the
        occupancy status;

       

      (xii) the
        purpose of the Mortgage Loan;

       

      (xiii) the
        Collateral Value of the Mortgaged Property;

       

      (xiv) the
        remaining term to maturity;

       

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

       

      (xvi) the
        Master Servicing Fee Rate;

       

      (xvii) the
        Sub-Servicing Fee Rate;

       

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

       

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

       

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

       

      (xxi) the
        documentation type;

       

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

       

      (xxiii) the
        Index
        and the Gross Margin; and

       

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

       

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

       

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

       

      
        
           

        

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

       

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

       

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

       

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

       

      “Net
        Monthly Excess Cashflow”: For any Distribution Date and any Loan Group, the sum
        of (a) any related Overcollateralization Release Amount and (b) the excess
        of
        (x) the related Interest Remittance Amount for such Distribution Date over
        (y)
        the aggregate Monthly Interest Distributable Amount for the related Offered
        Certificates and Class 1-B Certificates for such Distribution Date.

       

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

       

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

       

      “Net
        Swap
        Payment”: Any of the Group 1 Net Swap Payment or Group 2 Net Swap Payment, as
        applicable.

       

      “Net
        WAC
        Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B Certificates, the
        Group 1 Net WAC Rate. With respect to the Class 2-A Certificates, the Group
        2
        Net WAC Rate.

       

      “Net
        WAC
        Shortfall Amount”: With respect to the Offered Certificates, the Class 1-B
        Certificates and any Distribution Date, the sum of (i) the excess, if any,
        of
        (a) the amount of interest such Offered Certificates or Class 1-B Certificates
        would have been entitled to receive on such Distribution Date at the related
        Pass-Through Rate without regard to the applicable Net WAC Rate over (b)
        the
        amount of interest accrued on such Certificates at such Net WAC Rate, plus
        (ii)
        the related Net WAC Shortfall Amount from the prior Distribution Date not
        previously reimbursed together with interest thereon at the related Pass-Through
        Rate for the most recently ended Accrual Period.

       

      “Net
        WAC
        Shortfall Reserve Fund”: Any of the Group 1 Net WAC Shortfall Reserve Fund or
        the Group 2 Net WAC Shortfall Reserve Fund.

       

      
        
           

        

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

       

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

       

      “Notional
        Balance”: With respect to the Class 1-C Certificates and any Distribution Date,
        an amount equal to the Stated Principal Balance of the Group 1 Loans as of
        the
        related Due Date, minus the Certificate Principal Balance of the Class 1-P
        Certificates. For federal income tax purposes, the Notional Balance of the
        Class
        1-C Certificates for any Distribution Date shall be an amount equal to the
        aggregate Uncertificated Principal Balance of the REMIC 3 Group 1 Regular
        Interests, other than REMIC 3 Regular Interest 1-P, for such Distribution
        Date.
        With respect to the Class 2-C Certificates and any Distribution Date, an
        amount
        equal to the Stated Principal Balance of the Group 2 Loans as of the related
        Due
        Date, minus the Certificate Principal Balance of the Class 2-P Certificates.
        For
        federal income tax purposes, the Notional Balance of the Class 2-C Certificates
        for any Distribution Date shall be an amount equal to the aggregate
        Uncertificated Principal Balance of the REMIC 3 Group 2 Regular Interests,
        other
        than REMIC 3 Regular Interest 2-P, for such Distribution Date.

       

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

       

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

       

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

       

      “Opinion
        of Counsel”: A written opinion of counsel, who may be counsel for the Depositor,
        the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee;
        except that any opinion of counsel relating to (a) the qualification of any
        account required to be maintained pursuant to this Agreement as an Eligible
        Account, (b) the qualification of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as
        REMICs, (c) compliance with the REMIC Provisions or (d) resignation of the
        Master Servicer pursuant to Section 6.04 must be an opinion of counsel who
        (i)
        is in fact independent of the Depositor and the Master Servicer, (ii) does
        not
        have any direct financial interest or any material indirect financial interest
        in the Depositor or the Master Servicer or in an affiliate of either and
        (iii)
        is not connected with the Depositor or the Master Servicer as an officer,
        employee, director or person performing similar functions.

       

      “Optional
        Termination”: As defined in Section 9.01(b) of this Agreement.

       

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

       

      
        
           

        

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

       

      “Overcollateralization
        Deficiency Amount”: The Group 1 Overcollataralization Deficiency Amount or the
        Group 2 Overcollateralization Deficiency Amount, as applicable.

       

      “Overcollateralization
        Floor”: The Group 1 Overcollateralization Floor or the Group 2
        Overcollateralization Floor, as applicable.

       

      “Overcollateralization
        Release Amount”: The Group 1 Overcollateralization Release Amount or the Group 2
        Overcollateralization Release Amount, as applicable.

       

      “Overcollateralization
        Target Amount”: The Group 1 Overcollateralization Target Amount or the Group 2
        Overcollateralization Target Amount, as applicable.

       

      “Overcollateralized
        Amount”: The Group 1 Overcollateralized Amount or the Group 2 Overcollateralized
        Amount, as applicable. 

       

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

       

      “Pass-Through
        Rate”: With respect to any Distribution Date and

       

      (i) the
        Offered Certificates and the Class 1-B Certificates, the least of (x) One-Month
        LIBOR plus the related Certificate Margin (y) the applicable Net WAC Rate
        and
        (z) 11.50% per annum;

       

      (ii) the
        Class
        1-C Certificates and any Distribution Date, (x) a rate per annum equal to
        the
        percentage equivalent of a fraction, the numerator of which is the sum of
        the
        amount determined for each REMIC 3 Group 1 Regular Interest (other than REMIC
        3
        Regular Interests 1-IO and 1-P) equal to the product of (a) the excess, if
        any,
        of the Uncertificated REMIC 3 Pass-Through Rate for such REMIC 3 Group 1
        Regular
        Interest over the Group 1 Marker Rate and (b) a notional amount equal to
        the
        Uncertificated Principal Balance of such REMIC 3 Group 1 Regular Interest,
        and
        the denominator of which is the aggregate Uncertificated Principal Balance
        of
        such REMIC 3 Group 1 Regular Interests, and (y) 100% of the interest
        distributable in respect of REMIC 3 Regular Interest 1-P; 

       

      (iii) the
        Class
        2-C Certificates and any Distribution Date, (x) a rate per annum equal to
        the
        percentage equivalent of a fraction, the numerator of which is the sum of
        the
        amount determined for each REMIC 3 Group 2 Regular Interest (other than REMIC
        3
        Regular Interests 2-IO and 2-P) equal to the product of (a) the excess, if
        any,
        of the Uncertificated REMIC 3 Pass-Through Rate for such REMIC 3 Group 2
        Regular
        Interest over the Group 2 Marker Rate and (b) a notional amount equal to
        the
        Uncertificated Principal Balance of such REMIC 3 Group 2 Regular Interest,
        and
        the denominator of which is the aggregate Uncertificated Principal Balance
        of
        such REMIC 3 Group 2 Regular Interests, and (y) 100% of the interest
        distributable in respect of REMIC 3 Regular Interest 2-P; 

       

      
        
           

        

        
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      (iv) each
        of
        the Class 1-P Certificates and Class 2-P Certificates, 0.00% per annum;
        and

      

      (v) each
        of
        the Class 1-IO Interest and Class 2-IO Interest, 100% of the amounts
        distributable to REMIC 3 Regular Interest 1-IO and REMIC 3 Regular Interest
        2-IO, respectively, for such Distribution Date.

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      “PMI
        Insurer”: Radian Guaranty, Inc., or its successors or assigns.

      

      “PMI
        Insurer Policy”: The lender-paid primary mortgage insurance policy issued by the
        PMI Insurer in accordance with a March 29, 2002 letter between the Sponsor
        and
        the PMI Insurer.

      

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

      

      
        
           

        

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

      

      “Policy
        Premium”: The premium set forth in the Certificate Guaranty Insurance
        Policy.

      

      “Policy
        Premium Rate”: The rate per annum set forth in the Insurance Agreement.

      

      “Preference
        Amount”: Any amount previously distributed to a Class 1-AM Certificateholder or
        a Class 2-A Certificateholder, as the case may be, by or on behalf of the
        Trust
        Estate that is recoverable and sought to be recovered as a voidable preference
        by a trustee in bankruptcy pursuant to the United States Bankruptcy Code
        (11
        U.S.C.), as amended from time to time, in accordance with a final nonappealable
        order of a court having competent jurisdiction. 

      

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

      

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

      

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

      

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

      

      “Prepayment
        Period”: With respect to any Mortgage Loan subserviced by Countrywide Home Loans
        Servicing LP and any Distribution Date, the period between the 16th of the
        month
        prior to such Distribution Date and the 15th of the current month, except
        the
        initial Prepayment Period will run from March 1, 2007 through April 15, 2007.
        With respect to any Mortgage Loan subserviced by Midland and any Distribution
        Date, the calendar month immediately preceding the month in which such
        distribution occurs.

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      “Prospectus
        Supplement”: That certain Prospectus Supplement dated March 29, 2007 relating to
        the public offering of the Offered Certificates.

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      
        
           

        

        
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      “Record
        Date”: With respect to each Distribution Date and the Offered Certificates and
        the Class 1-B Certificates, so long as such Certificates are Book-Entry
        Certificates, the Business Day prior to such Distribution Date. With respect
        to
        any Offered Certificates and the Class 1-B Certificates which are not Book-Entry
        Certificates, and with respect to the Class C, Class P and Class R Certificates,
        the close of business on the last Business Day of the month preceding the
        month
        in which such Distribution Date occurs.

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

        
          61

          
            

          

        

        
           

        

      

      

      

      “REMIC
        1
        Regular Interest”: Any of the separate non-certificated beneficial ownership
        interests in REMIC 1 issued hereunder and designated as a Regular Interest
        in
        REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related
        Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and
        shall
        be entitled to distributions of principal, subject to the terms and conditions
        hereof, in an aggregate amount equal to its initial Uncertificated Principal
        Balance as set forth in the Preliminary Statement hereto. The designations
        for
        the respective REMIC 1 Regular Interests are set forth in the Preliminary
        Statement hereto. The REMIC 1 Regular Interests consist of REMIC 1 Regular
        Interest 1-1-A through REMIC 1 Regular Interest 1-78-B, REMIC 1 Regular Interest
        P and REMIC 1 Regular Interest OC, each as designated in the Preliminary
        Statement hereto.

      

      “REMIC
        2”: The segregated pool of assets subject hereto (exclusive of the Net WAC
        Shortfall Reserve Funds, any Master Servicer Prepayment Charge Payment Amounts
        and, for the avoidance of doubt, the Supplemental Interest Trusts, the
        Derivative Accounts, the Interest Rate Swap Agreements, the Cap Contracts
        and
        the Collateral Accounts) with respect to which a REMIC election is to be
        made,
        conveyed in trust to the Trustee, for the benefit of the holders of the REMIC
        2
        Regular Interests and the Holders of the Class R Certificates (in respect
        of the
        Class R-2 Interest), consisting of: (i) each Mortgage Loan in Loan Group
        2
        (exclusive of payments of principal and interest due on or before the Cut-off
        Date, if any, received by the Master Servicer, which shall not constitute
        an
        asset of the Trust Fund) as from time to time are subject to this Agreement
        and
        all payments under and proceeds of such Mortgage Loans (exclusive of any
        late
        payment charges received on the Mortgage Loans), together with all documents
        included in the related Mortgage File, subject to Section 2.01; (ii) such
        funds
        or assets relating to such Mortgage Loans as from time to time are deposited
        in
        the Custodial Account or the Certificate Account and belonging to the Trust
        Fund; (iii) any related REO Property; (iv) the Primary Hazard Insurance
        Policies, if any, the Primary Insurance Policies, if any, and all other
        Insurance Policies with respect to such Mortgage Loans; and (v) the Depositor’s
        interest in respect of the representations and warranties made by the Sponsor
        in
        the Mortgage Loan Purchase Agreement as assigned to the Trustee pursuant
        to
        Section 2.04 hereof.

      

      “REMIC
        2
        Regular Interest”: Any of the separate non-certificated beneficial ownership
        interests in REMIC 2 issued hereunder and designated as a Regular Interest
        in
        REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related
        Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and
        shall
        be entitled to distributions of principal, subject to the terms and conditions
        hereof, in an aggregate amount equal to its initial Uncertificated Principal
        Balance as set forth in the Preliminary Statement hereto. The designations
        for
        the respective REMIC 2 Regular Interests are set forth in the Preliminary
        Statement hereto. The REMIC 2 Regular Interests consist of REMIC 2 Regular
        Interests 1-1-A through REMIC 2 Regular Interest 1-88-B, REMIC 2 Regular
        Interest OC and REMIC 2 Regular Interest P, each as designated in the
        Preliminary Statement hereto.

      

      
        
           

        

        
          62

          
            

          

        

        
           

        

      

      

      

      “REMIC
        3”: The segregated pool of assets consisting of all of the REMIC 1 Regular
        Interests and REMIC 2 Regular Interests conveyed in trust to the Trustee,
        for
        the benefit of the holders of the REMIC 3 Regular Interests and the Holders
        of
        the Class R Certificates (in respect of the Class R-3 Interest), pursuant
        to
        Article II hereunder, with respect to which a separate REMIC election is
        to be
        made.

      

      “REMIC
        3
        Group 1 Interest Loss Allocation Amount”: With respect to any Distribution Date,
        an amount (subject to adjustment based on the actual number of days elapsed
        in
        the respective Accrual Period) equal to (a) the sum of (x) the product of
        (i)
        the aggregate Stated Principal Balance of the Group 1 Loans and the related
        REO
        Properties then outstanding, minus the Certificate Principal Balance of the
        Class 1-P Certificates, and (ii) the Uncertificated REMIC 3 Pass-Through
        Rate
        for REMIC 3 Regular Interest 1-AA minus the Group 1 Marker Rate, and (y)
        the
        accrued interest on REMIC 3 Regular Interest 1-P, divided by (b)
        12.

      

      “REMIC
        3
        Group 1 Overcollateralized Amount”: With respect to any date of determination,
        (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC
        3 Group
        1 Regular Interests, other than REMIC 3 Regular Interest 1-P, minus (ii)
        the
        aggregate Uncertificated Principal Balance of each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is a
        Corresponding Certificate, in each case, as of such date of
        determination.

      

      “REMIC
        3
        Group 1 Principal Loss Allocation Amount”: With respect to any Distribution
        Date, an amount equal to the product of (i) the aggregate Stated Principal
        Balance of the Group 1 Loans and the related REO Properties then outstanding,
        minus the Certificate Principal Balance of the Class 1-P Certificates, and
        (ii)
        1 minus a fraction, the numerator of which is two (2) times the aggregate
        Uncertificated Principal Balance of each REMIC 3 Group 1 Regular Interest
        for
        which a Class 1-A, Class 1-M or Class 1-B Certificate is a Corresponding
        Certificate and the denominator of which is the aggregate Uncertificated
        Principal Balance of each REMIC 3 Group 1 Regular Interest for which a Class
        1-A, Class 1-M or Class 1-B Certificate is a Corresponding Certificate and
        REMIC
        3 Regular Interest 1-ZZ.

      

      “REMIC
        3
        Group 1 Overcollateralization Target Amount”: 1.00% of the Group 1
        Overcollateralization Target Amount.

      

      “REMIC
        3
        Group 1 Regular Interest”: Any of the REMIC 3 Regular Interests 1-AA, 1-ZZ,
        1-A1-A, 1-A1-B, 1-A1-C, 1-AM, 1-M-1, 1-M-2, 1-M-3, 1-M-4, 1-M-5, 1-M-6, 1-M-7,
        1-M-8, 1-B, 1-IO and 1-P.

      

      “REMIC
        3
        Group 2 Interest Loss Allocation Amount”: With respect to any Distribution Date,
        an amount (subject to adjustment based on the actual number of days elapsed
        in
        the respective Accrual Period) equal to (a) the sum of (x) the product of
        (i)
        the aggregate Stated Principal Balance of the Group 2 Loans and the related
        REO
        Properties then outstanding, minus the Certificate Principal Balance of the
        Class 2-P Certificates, and (ii) the Uncertificated REMIC 3 Pass-Through
        Rate
        for REMIC 3 Regular Interest 2-AA minus the Group 2 Marker Rate, and (y)
        the
        accrued interest on REMIC 3 Regular Interest 2-P, divided by (b)
        12.

      

      
        
           

        

        
          63

          
            

          

        

        
           

        

      

      

      

      “REMIC
        3
        Group 2 Overcollateralized Amount”: With respect to any date of determination,
        (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC
        3 Group
        2 Regular Interests, other than REMIC 3 Regular Interest 2-P, minus (ii)
        the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A, in each
        case,
        as of such date of determination.

      

      “REMIC
        3
        Group 2 Principal Loss Allocation Amount”: With respect to any Distribution
        Date, an amount equal to the product of (i) the aggregate Stated Principal
        Balance of the Group 2 Loans and the related REO Properties then outstanding,
        minus the Certificate Principal Balance of the Class 2-P Certificates, and
        (ii)
        1 minus a fraction, the numerator of which is two (2) times the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 2-A and the denominator of
        which
        is the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A and
        REMIC 3 Regular Interest 2-ZZ.

      

      “REMIC
        3
        Group 2 Overcollateralization Target Amount”: 1.00% of the Group 1
        Overcollateralization Target Amount.

      

      “REMIC
        3
        Group 2 Regular Interest”: Any of the REMIC 3 Regular Interests 2-AA, 2-ZZ, 2-A,
        2-IO and 2-P.

      

      “REMIC
        3
        Regular Interest”: Any of the separate non-certificated beneficial ownership
        interests in REMIC 3 issued hereunder and designated as a Regular Interest
        in
        REMIC 3. Each REMIC 3 Regular Interest shall accrue interest at the related
        Uncertificated REMIC 3 Pass-Through Rate in effect from time to time, and
        (except for the REMIC 3 Regular Interests 1-IO and 2-IO) shall be entitled
        to
        distributions of principal, subject to the terms and conditions hereof, in
        an
        aggregate amount equal to its initial Uncertificated Principal Balance as
        set
        forth in the Preliminary Statement hereto. The designations for the respective
        REMIC 3 Regular Interests are set forth in the Preliminary Statement hereto.
        The
        REMIC 3 Regular Interests consist of the REMIC 3 Group 1 Regular Interests
        and
        REMIC 3 Group 2 Regular Interests.

      

      “REMIC
        4”: The segregated pool of assets consisting of all of the REMIC 3 Regular
        Interests conveyed in trust to the Trustee, for the benefit of the holders
        of
        the Regular 4 Regular Interests and the Holders of the Class R Certificates
        (in
        respect of the Class R-4 Interest), pursuant to Article II hereunder, and
        all
        amounts deposited therein, with respect to which a separate REMIC election
        is to
        be made.

      

      “REMIC
        4
        Regular Interest”: The Class 1-IO Interest, Class 2-IO Interest or any Regular
        Interest in REMIC 4 the ownership of which is represented by any of the Regular
        Certificates.

      

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

      

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

      

      
        
           

        

        
          64

          
            

          

        

        
           

        

      

      

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      “Residual
        Certificate”: The Class R Certificates.

      

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

      

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

      

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

      

      
        
           

        

        
          65

          
            

          

        

        
           

        

      

      

      

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

      

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

      

      “Servicing
        Guide”: The Impac Funding Corporation Servicing Guide, attached hereto as
        Exhibit K, which may be amended from time to time.

      

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

      

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

      

      “Specially
        Serviced Group 2 Loan”: A Group 2 Loan with respect to which certain
        delinquency, loss or foreclosure events have occurred as provided in the
        related
        Sub-Servicing Agreement, including any Group 2 Loan which is 60 days or more
        delinquent. 

      

      “Sponsor”
        Impac Funding Corporation, or its successor in interest. 

      

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

      

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

      

      “Stated
        Principal Balance”: With respect to any Mortgage Loan or related REO Property at
        any given time, (i) the principal balance of the Mortgage Loan outstanding
        as of
        the Cut-off Date, after application of principal payments due on or before
        such
        date, whether or not received, minus (ii) the sum of (a) the principal portion
        of the Monthly Payments due with respect to such Mortgage Loan or REO Property
        during each Due Period ending prior to the most recent Distribution Date
        which
        were received or with respect to which an Advance was made, and (b) all
        Principal Prepayments with respect to such Mortgage Loan or REO Property,
        and
        all Insurance Proceeds, Liquidation Proceeds and REO Proceeds to the extent
        applied by the Master Servicer as recoveries of principal in accordance with
        Section 3.15 with respect to such Mortgage Loan or REO Property, which were
        distributed pursuant to Section 4.01 on any previous Distribution Date, and
        (c)
        any Realized Loss with respect thereto allocated pursuant to Section 4.07
        for
        any previous Distribution Date.

      

      
        
           

        

        
          66

          
            

          

        

        
           

        

      

      

      

      “Step-Up
        Date”: The Group 1 Step-Up Date or the Group 2 Step-Up Date.

      

      “Stepdown
        Date”: The Group 1 Stepdown Date or the Group 2 Stepdown Date.

      

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

       

      
        	 	
                Stepdown
                  Target 

                Subordination
                  

                Percentage

              
	
                Class
                  1-M-1

              	
                11.20%

              
	
                Class
                  1-M-2

              	
                  8.80%

              
	
                Class
                  1-M-3

              	
                  7.50%

              
	
                Class
                  1-M-4

              	
                  6.30%

              
	
                Class
                  1-M-5

              	
                  5.30%

              
	
                Class
                  1-M-6

              	
                  4.50%

              
	
                Class
                  1-M-7

              	
                  3.80%

              
	
                Class
                  1-M-8

              	
                  3.10%

              
	
                Class
                  1-B

              	
                  2.30%

              

      

       

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

      

      “Subsequent
        Recoveries”: Any Liquidation Proceeds (net of amounts owed to the Master
        Servicer or any Sub-Servicer with respect to the related Mortgage Loan) received
        after the final liquidation of a Mortgage Loan. If Subsequent Recoveries
        are
        received, they will be included as part of the Principal Remittance Amount
        for
        the following Distribution Date and distributed in accordance with the
        priorities described in Section 4.01 of this Agreement. In addition, after
        giving effect to all distributions on a Distribution Date, if any Allocated
        Realized Loss Amounts are outstanding, the Allocated Realized Loss Amount
        for
        the class of Offered Certificates or Class 1-B Certificates then outstanding
        with the highest distribution priority will be decreased by the amount of
        such
        Subsequent Recoveries until reduced to zero (with any remaining Subsequent
        Recoveries applied to reduce the Allocated Realized Loss Amount of the class
        with the next highest distribution priority), and the Certificate Principal
        Balance of such class or classes of Offered Certificates or Class 1-B
        Certificates will be increased by the same amount. Thereafter, such class
        or
        classes of Offered Certificates or Class 1-B Certificates will accrue interest
        on the increased Certificate Principal Balance.

      

      
        
           

        

        
          67

          
            

          

        

        
           

        

      

      

      

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

      

      “Sub-Servicer
        Remittance Date”: With respect to any Mortgage Loan subserviced by Countrywide
        Home Loans Servicing LP, the 21st day of each month, or if such day is not
        a
        Business Day, the immediately preceding Business Day. With respect to any
        Mortgage Loan subserviced by Midland, the 18th day of each month, or if such
        day
        is not a Business Day, the immediately preceding Business Day.

      

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

      

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

      

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

      

      “Sub-Servicing
        Fee Rate”: On each adjustable-rate Group 1 Loan, including any such mortgage
        loan with an initial fixed rate, 0.375% per annum. On each fixed-rate Group
        1
        Loan for the first lien mortgage loans, 0.250% per annum. On each fixed-rate
        Group 1 Loan for the second lien mortgage loans, 0.500% per annum. On each
        Group
        2 Loan, a rate equal to 0.250% per annum, with such rate increasing to 0.750%
        per annum for any Group 2 Loan that becomes a Specially Serviced Group 2
        Loan.

      

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

      

      “Supplemental
        Interest Trust”: The Group 1 Supplemental Interest Trust or the Group 2
        Supplemental Interest Trust, as applicable. 

      

      “Supplemental
        Interest Trust Trustee”: The Group 1 Supplemental Interest Trust Trustee or the
        Group 2 Supplemental Interest Trust Trustee, as applicable.

      

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

      

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

      

      “Swap
        Provider”: The Group 1 Swap Provider or Group 2 Swap Provider, as
        applicable.

      

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

      

      
        
           

        

        
          68

          
            

          

        

        
           

        

      

      

      

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

      

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

      

      “Tax
        Returns”: The federal income tax return on Internal Revenue Service Form 1066,
        U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
        Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC
        Taxable Income or Net Loss Allocation, or any successor forms, to be filed
        on
        behalf of REMIC 1, REMIC 2, REMIC 3 and REMIC 4 due to their classification
        as
        REMICs under the REMIC Provisions, together with any and all other information,
        reports or returns that may be required to be furnished to the
        Certificateholders or filed with the Internal Revenue Service or any other
        governmental taxing authority under any applicable provisions of federal,
        state
        or local tax laws.

      

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

      

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

      

      “Trust
        Fund”: REMIC 1, REMIC 2, REMIC 3, REMIC 4 the Net WAC Shortfall Reserve Fund and
        Master Servicer Prepayment Charge Payment Amount.

      

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

      

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

      

      “Uncertificated
        Notional Amount”: With respect to REMIC 3 Regular Interest 1-IO and each
        Distribution Date listed below, the aggregate Uncertificated Principal Balance
        of the REMIC 1 Regular Interests ending with the designation “A” listed
        below:

      
        
           

        

        
          69

          
            

          

        

        
           

        

      

       

      
        	
                Distribution
                  

                Date

              	
                REMIC
                  1 Regular Interests

              
	
                1

              	
                1-1-A
                  through 1-78-A

              
	
                2

              	
                1-1-A
                  through 1-78-A

              
	
                3

              	
                1-3-A
                  through 1-78-A

              
	
                4

              	
                1-4-A
                  through 1-78-A

              
	
                5

              	
                1-5-A
                  through 1-78-A

              
	
                6

              	
                1-6-A
                  through 1-78-A

              
	
                7

              	
                1-7-A
                  through 1-78-A

              
	
                8

              	
                1-8-A
                  through 1-78-A

              
	
                9

              	
                1-9-A
                  through 1-78-A

              
	
                10

              	
                1-10-A
                  through 1-78-A

              
	
                11

              	
                1-11-A
                  through 1-78-A

              
	
                12

              	
                1-11-A
                  through 1-78-A

              
	
                13

              	
                1-13-A
                  through 1-78-A

              
	
                14

              	
                1-14-A
                  through 1-78-A

              
	
                15

              	
                1-15-A
                  through 1-78-A

              
	
                16

              	
                1-16-A
                  through 1-78-A

              
	
                17

              	
                1-17-A
                  through 1-78-A

              
	
                18

              	
                1-18-A
                  through 1-78-A

              
	
                19

              	
                1-19-A
                  through 1-78-A

              
	
                20

              	
                1-20-A
                  through 1-78-A

              
	
                21

              	
                1-21-A
                  through 1-78-A

              
	
                22

              	
                1-21-A
                  through 1-78-A

              
	
                23

              	
                1-23-A
                  through 1-78-A

              
	
                24

              	
                1-24-A
                  through 1-78-A

              
	
                25

              	
                1-25-A
                  through 1-78-A

              
	
                26

              	
                1-26-A
                  through 1-78-A

              
	
                27

              	
                1-27-A
                  through 1-78-A

              
	
                28

              	
                1-28-A
                  through 1-78-A

              
	
                29

              	
                1-29-A
                  through 1-78-A

              
	
                30

              	
                1-30-A
                  through 1-78-A

              
	
                31

              	
                1-31-A
                  through 1-78-A

              
	
                32

              	
                1-31-A
                  through 1-78-A

              
	
                33
                  - 36

              	
                1-33-A
                  through 1-78-A

              
	
                37

              	
                1-34-A
                  through 1-78-A

              
	
                38

              	
                1-35-A
                  through 1-78-A

              
	
                39

              	
                1-36-A
                  through 1-78-A

              
	
                40

              	
                1-37-A
                  through 1-78-A

              
	
                41

              	
                1-38-A
                  through 1-78-A

              
	
                42

              	
                1-39-A
                  through 1-78-A

              
	
                43

              	
                1-40-A
                  through 1-78-A

              
	
                44

              	
                1-41-A
                  through 1-78-A

              
	
                45

              	
                1-41-A
                  through 1-78-A

              
	
                46

              	
                1-43-A
                  through 1-78-A

              
	
                47

              	
                1-44-A
                  through 1-78-A

              
	
                48

              	
                1-45-A
                  through 1-78-A

              
	
                49

              	
                1-46-A
                  through 1-78-A

              
	
                50

              	
                1-47-A
                  through 1-78-A

              
	
                51

              	
                1-48-A
                  through 1-78-A

              
	
                52

              	
                1-49-A
                  through 1-78-A

              
	
                53

              	
                1-50-A
                  through 1-78-A

              
	
                54

              	
                1-51-A
                  through 1-78-A

              
	
                55

              	
                1-51-A
                  through 1-78-A

              
	
                56

              	
                1-53-A
                  through 1-78-A

              
	
                57

              	
                1-54-A
                  through 1-78-A

              
	
                58

              	
                1-55-A
                  through 1-78-A

              
	
                59

              	
                1-56-A
                  through 1-78-A

              

      

       

      
        
           

        

        
          70

          
            

          

        

        
           

        

      

       

      
        	
                60

              	
                1-57-A
                  through 1-78-A

              
	
                61

              	
                1-58-A
                  through 1-78-A

              
	
                62

              	
                1-59-A
                  through 1-78-A

              
	
                63

              	
                1-60-A
                  through 1-78-A

              
	
                64

              	
                1-61-A
                  through 1-78-A

              
	
                65

              	
                1-61-A
                  through 1-78-A

              
	
                66

              	
                1-63-A
                  through 1-78-A

              
	
                67

              	
                1-64-A
                  through 1-78-A

              
	
                68

              	
                1-65-A
                  through 1-78-A

              
	
                69

              	
                1-66-A
                  through 1-78-A

              
	
                70

              	
                1-67-A
                  through 1-78-A

              
	
                71

              	
                1-68-A
                  through 1-78-A

              
	
                72

              	
                1-69-A
                  through 1-78-A

              
	
                73

              	
                1-70-A
                  through 1-78-A

              
	
                74

              	
                1-71-A
                  through 1-78-A

              
	
                75

              	
                1-71-A
                  through 1-78-A

              
	
                76

              	
                1-73-A
                  through 1-78-A

              
	
                77

              	
                1-74-A
                  through 1-78-A

              
	
                78

              	
                1-75-A
                  through 1-78-A

              
	
                79

              	
                1-76-A
                  through 1-78-A

              
	
                80

              	
                1-77-A
                  through 1-78-A

              
	
                81

              	
                1-78-A

              
	
                thereafter

              	
                $0.00

              

      

      

      

      With
        respect to REMIC 3 Regular Interest 2-IO and each Distribution Date listed
        below, the aggregate Uncertificated Principal Balance of the REMIC 2 Regular
        Interests ending with the designation “A” listed below:

       

      
        	
                Distribution
                  

                Date

              	
                REMIC
                  2 Regular Interests

              
	
                1

              	
                1-1-A
                  through 1-88-A

              
	
                2

              	
                1-1-A
                  through 1-88-A

              
	
                3

              	
                1-3-A
                  through 1-88-A

              
	
                4

              	
                1-4-A
                  through 1-88-A

              
	
                5

              	
                1-5-A
                  through 1-88-A

              
	
                6

              	
                1-6-A
                  through 1-88-A

              
	
                7

              	
                1-7-A
                  through 1-88-A

              
	
                8

              	
                1-8-A
                  through 1-88-A

              
	
                9

              	
                1-9-A
                  through 1-88-A

              
	
                10

              	
                1-10-A
                  through 1-88-A

              
	
                11

              	
                1-11-A
                  through 1-88-A

              
	
                12

              	
                1-11-A
                  through 1-88-A

              
	
                13

              	
                1-13-A
                  through 1-88-A

              
	
                14

              	
                1-14-A
                  through 1-88-A

              
	
                15

              	
                1-15-A
                  through 1-88-A

              
	
                16

              	
                1-16-A
                  through 1-88-A

              
	
                17

              	
                1-17-A
                  through 1-88-A

              
	
                18

              	
                1-18-A
                  through 1-88-A

              
	
                19

              	
                1-19-A
                  through 1-88-A

              
	
                20

              	
                1-20-A
                  through 1-88-A

              
	
                21

              	
                1-21-A
                  through 1-88-A

              
	
                22

              	
                1-21-A
                  through 1-88-A

              
	
                23

              	
                1-23-A
                  through 1-88-A

              
	
                24

              	
                1-24-A
                  through 1-88-A

              

      

       

      
        
           

        

        
          71

          
            

          

        

        
           

        

      

       

      
        	
                25

              	
                1-25-A
                  through 1-88-A

              
	
                26

              	
                1-26-A
                  through 1-88-A

              
	
                27

              	
                1-27-A
                  through 1-88-A

              
	
                28

              	
                1-28-A
                  through 1-88-A

              
	
                29

              	
                1-29-A
                  through 1-88-A

              
	
                30

              	
                1-30-A
                  through 1-88-A

              
	
                31

              	
                1-31-A
                  through 1-88-A

              
	
                32

              	
                1-31-A
                  through 1-88-A

              
	
                33

              	
                1-33-A
                  through 1-88-A

              
	
                34

              	
                1-34-A
                  through 1-88-A

              
	
                35

              	
                1-35-A
                  through 1-88-A

              
	
                36

              	
                1-36-A
                  through 1-88-A

              
	
                37

              	
                1-37-A
                  through 1-88-A

              
	
                38

              	
                1-38-A
                  through 1-88-A

              
	
                39

              	
                1-39-A
                  through 1-88-A

              
	
                40

              	
                1-40-A
                  through 1-88-A

              
	
                41

              	
                1-41-A
                  through 1-88-A

              
	
                42

              	
                1-41-A
                  through 1-88-A

              
	
                43

              	
                1-43-A
                  through 1-88-A

              
	
                44

              	
                1-44-A
                  through 1-88-A

              
	
                45

              	
                1-45-A
                  through 1-88-A

              
	
                46

              	
                1-46-A
                  through 1-88-A

              
	
                47

              	
                1-47-A
                  through 1-88-A

              
	
                48

              	
                1-48-A
                  through 1-88-A

              
	
                49

              	
                1-49-A
                  through 1-88-A

              
	
                50

              	
                1-50-A
                  through 1-88-A

              
	
                51

              	
                1-51-A
                  through 1-88-A

              
	
                52

              	
                1-51-A
                  through 1-88-A

              
	
                53

              	
                1-53-A
                  through 1-88-A

              
	
                54

              	
                1-54-A
                  through 1-88-A

              
	
                55

              	
                1-55-A
                  through 1-88-A

              
	
                56
                  - 84

              	
                1-56-A
                  through 1-88-A

              
	
                85

              	
                1-57-A
                  through 1-88-A

              
	
                86

              	
                1-58-A
                  through 1-88-A

              
	
                87

              	
                1-59-A
                  through 1-88-A

              
	
                88

              	
                1-60-A
                  through 1-88-A

              
	
                89

              	
                1-61-A
                  through 1-88-A

              
	
                90

              	
                1-61-A
                  through 1-88-A

              
	
                91

              	
                1-63-A
                  through 1-88-A

              
	
                92

              	
                1-64-A
                  through 1-88-A

              
	
                93

              	
                1-65-A
                  through 1-88-A

              
	
                94

              	
                1-66-A
                  through 1-88-A

              
	
                95

              	
                1-67-A
                  through 1-88-A

              
	
                96

              	
                1-68-A
                  through 1-88-A

              
	
                97

              	
                1-69-A
                  through 1-88-A

              
	
                98

              	
                1-70-A
                  through 1-88-A

              
	
                99

              	
                1-71-A
                  through 1-88-A

              
	
                100

              	
                1-71-A
                  through 1-88-A

              
	
                101

              	
                1-73-A
                  through 1-88-A

              
	
                102

              	
                1-74-A
                  through 1-88-A

              
	
                103

              	
                1-75-A
                  through 1-88-A

              
	
                104

              	
                1-76-A
                  through 1-88-A

              
	
                105

              	
                1-77-A
                  through 1-88-A

              
	
                106

              	
                1-78-A
                  through 1-88-A

              
	
                107

              	
                1-79-A
                  through 1-88-A

              
	
                108

              	
                1-80-A
                  through 1-88-A

              

      

       

      
        
           

        

        
          72

          
            

          

        

        
           

        

      

       

      
        	
                109

              	
                1-81-A
                  through 1-88-A

              
	
                110

              	
                1-81-A
                  through 1-88-A

              
	
                111

              	
                1-83-A
                  through 1-88-A

              
	
                112

              	
                1-84-A
                  through 1-88-A

              
	
                113

              	
                1-85-A
                  through 1-88-A

              
	
                114

              	
                1-86-A
                  through 1-88-A

              
	
                115

              	
                1-87-A
                  through 1-88-A

              
	
                116

              	
                1-88-A

              
	
                thereafter

              	
                $0.00

              

      

      

      

      With
        respect to the Class 1-IO Interest and any Distribution Date, an amount equal
        to
        the Uncertificated Notional Amount of the REMIC 3 Regular Interest 1-IO.
        

      

      With
        respect to the Class 2-IO Interest and any Distribution Date, an amount equal
        to
        the Uncertificated Notional Amount of the REMIC 3 Regular Interest 2-IO.
        

      

      “Uncertificated
        Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate, Uncertificated
        REMIC 2 Pass-Through Rate or Uncertificated REMIC 3 Pass-Through
        Rate.

      

      “Uncertificated
        Principal Balance”: With respect to each REMIC Regular Interest, the principal
        amount of such REMIC Regular Interest outstanding as of any date of
        determination. As of the Closing Date, the Uncertificated Principal Balance
        of
        each REMIC Regular Interest shall equal the amount set forth in the Preliminary
        Statement hereto as its initial Uncertificated Principal Balance. On each
        Distribution Date, the Uncertificated Principal Balance of each such REMIC
        Regular Interest shall be reduced by all distributions of principal made
        on such
        REMIC Regular Interest on such Distribution Date pursuant to Section 4.04
        and,
        if and to the extent necessary and appropriate, shall be further reduced
        on such
        Distribution Date by Realized Losses as provided in Section 4.05. The
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-ZZ and REMIC
        3
        Regular Interest 2-ZZ shall be increased by interest deferrals as provided
        in
        Sections 4.04(c)(1)(ii) and 4.04(c)(2)(ii), respectively. The Uncertificated
        Principal Balance of each REMIC Regular Interest shall never be less than
        zero.

      

      “Uncertificated
        REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interests OC and P
        and any Distribution Date, a per annum rate equal to the Group 1 Net Mortgage
        Rate for such Distribution Date.

      

      With
        respect to each REMIC 1 Regular Interest ending with the designation “A” and any
        Distribution Date, a per annum rate equal to the Group 1 Net Mortgage Rate
        for
        such Distribution Date multiplied by 2, subject to a maximum rate equal to
        2
        multiplied by the per annum fixed rate set forth in the Group 1 Interest
        Rate
        Swap Agreement to be used in determining the Group 1 Net Swap Payment under
        such
        agreement for such Distribution Date.

      

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

      

      
        
           

        

        
          73

          
            

          

        

        
           

        

      

      

      

      “Uncertificated
        REMIC 2 Pass-Through Rate”: With respect to REMIC 2 Regular Interests OC and P
        and any Distribution Date, a per annum rate equal to the Group 2 Net Mortgage
        Rate for such Distribution Date. 

      

      With
        respect to each REMIC 2 Regular Interest ending with the designation “A” and any
        Distribution Date, a per annum rate equal to the Group 2 Net Mortgage Rate
        for
        such Distribution Date, multiplied by 2, subject to a maximum rate equal
        to 2
        multiplied by the per annum fixed rate set forth in the Group 2 Interest
        Rate
        Swap Agreement to be used in determining the Group 2 Net Swap Payment under
        such
        agreement for such Distribution Date.

      

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

      

      “Uncertificated
        REMIC 3 Pass-Through Rate”: With respect to each REMIC 3 Group 1 Regular
        Interest (other than REMIC 3 Regular Interest 1-IO) and any Distribution
        Date, a
        per annum rate equal to the weighted average of (i) the Uncertificated REMIC
        1
        Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation
        “B”, REMIC 1 Regular Interest P and REMIC 1 Regular Interest OC for such
        Distribution Date, and (ii) the rates listed below for the REMIC 1 Regular
        Interests ending with the designation “A” for such Distribution Date, in each
        case weighted on the basis of the Uncertificated Principal Balances of each
        such
        REMIC 1 Regular Interest for such Distribution Date: 

       

      
        	
                Distribution
                  

                Date

              	
                REMIC
                  1 Regular Interest

              	
                Rate

              
	
                1

              	
                1-1-A
                  through 1-78-A

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

              
	
                2

              	
                1-2-A
                  through 1-78-A

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

              
	 	
                1-1-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                3

              	
                1-3-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-2-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                4

              	
                1-4-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-3-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                5

              	
                1-5-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-4-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                6

              	
                1-6-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-5-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                7

              	
                1-7-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-6-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                8

              	
                1-8-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-7-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                9

              	
                1-9-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-8-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              

      

       

      
        
           

        

        
          74

          
            

          

        

        
           

        

      

       

      
        	
                10

              	
                1-10-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-9-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                11

              	
                1-11-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-10-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                12

              	
                1-12-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-11-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                13

              	
                1-13-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-12-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                14

              	
                1-14-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-13-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                15

              	
                1-15-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-14-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                16

              	
                1-16-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-15-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                17

              	
                1-17-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-16-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                18

              	
                1-18-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-17-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                19

              	
                1-19-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-18-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                20

              	
                1-20-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-19-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                21

              	
                1-21-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-20-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                22

              	
                1-22-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-21-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                23

              	
                1-23-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-22-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                24

              	
                1-24-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-23-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                25

              	
                1-25-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-24-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                26

              	
                1-26-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-25-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                27

              	
                1-27-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-26-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                28

              	
                1-28-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-27-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                29

              	
                1-29-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-28-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                30

              	
                1-30-A
                  through 1-78-A

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

              

      

       

      
        
           

        

        
          75

          
            

          

        

        
           

        

      

       

      
        	 	
                1-1-A
                  through 1-29-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                31

              	
                1-31-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-30-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                32

              	
                1-32-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-31-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                33
                  - 36

              	
                1-33-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-32-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                37

              	
                1-34-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-33-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                38

              	
                1-35-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-34-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                39

              	
                1-36-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-35-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                40

              	
                1-37-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-36-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                41

              	
                1-38-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-37-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                42

              	
                1-39-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-38-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                43

              	
                1-40-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-39-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                44

              	
                1-41-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-40-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                45

              	
                1-42-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-41-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                46

              	
                1-43-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-42-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                47

              	
                1-44-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-43-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                48

              	
                1-45-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-44-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                49

              	
                1-46-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-45-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                50

              	
                1-47-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-46-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                51

              	
                1-48-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-47-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                52

              	
                1-49-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-48-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                53

              	
                1-50-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-49-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                54

              	
                1-51-A
                  through 1-78-A

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

              

      

       

      
        
           

        

        
          76

          
            

          

        

        
           

        

      

       

      
        	 	
                1-1-A
                  through 1-50-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                55

              	
                1-52-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-51-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                56

              	
                1-53-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-52-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                57

              	
                1-54-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-53-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                58

              	
                1-55-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-54-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                59

              	
                1-56-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-55-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                60

              	
                1-57-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-56-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                61

              	
                1-58-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-57-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                62

              	
                1-59-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-58-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                63

              	
                1-60-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-59-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                64

              	
                1-61-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-60-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                65

              	
                1-62-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-61-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                66

              	
                1-63-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-62-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                67

              	
                1-64-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-63-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                68

              	
                1-65-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-64-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                69

              	
                1-66-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-65-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                70

              	
                1-67-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-66-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                71

              	
                1-68-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-67-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                72

              	
                1-69-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-68-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                73

              	
                1-70-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-59-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                74

              	
                1-71-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-70-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              

      

       

      
        
           

        

        
          77

          
            

          

        

        
           

        

      

       

      
        	
                75

              	
                1-72-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-71-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                76

              	
                1-73-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-72-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                77

              	
                1-74-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-73-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                78

              	
                1-75-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-74-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                79

              	
                1-76-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-75-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                80

              	
                1-77-A
                  through 1-78-A

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

              
	 	
                1-1-A
                  through 1-76-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                81

              	
                1-78-A

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

              
	 	
                1-1-A
                  through 1-77-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                Thereafter

              	
                1-1-A
                  through 1-78-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              

      

      

      

      With
        respect to REMIC 3 Regular Interest 1-IO and any Distribution Date, a per
        annum
        rate equal to the excess, if any, of (i) the weighted average of the
        Uncertificated REMIC 1 Pass-Through Rates for the REMIC 1 Regular Interests
        ending with the designation “A” for such Distribution Date over (ii) the
        weighted average of 2 multiplied by Swap LIBOR on the REMIC 1 Regular Interests
        ending with the designation “A”, subject to a maximum rate of the Uncertificated
        REMIC 1 Pass-Through Rate for each such REMIC 1 Regular Interest for such
        Distribution Date, in each case, weighted on the basis of the Uncertificated
        Principal Balances of each such REMIC 1 Regular Interest for such Distribution
        Date.

      

      With
        respect to each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular
        Interest 2-IO) and any Distribution Date, a per annum rate equal to the weighted
        average of (i) the Uncertificated REMIC 2 Pass-Through Rates for the REMIC
        2
        Regular Interests ending with the designation “B”, REMIC 2 Regular Interest P
        and REMIC 2 Regular Interest OC for such Distribution Date, and (ii) the
        rates
        listed below for the REMIC 2 Regular Interests ending with the designation
“A”
for such Distribution Date, in each case weighted on the basis of the
        Uncertificated Principal Balances of each such REMIC 2 Regular Interest for
        such
        Distribution Date: 

       

      
        	
                Distribution
                  Date

              	 	
                REMIC
                  2 Regular Interest

              	 	
                Rate

              
	
                1

              	 	
                1-1-A
                  through 1-88-A

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

              
	
                2

              	 	
                1-2-A
                  through 1-88-A

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

              
	 	 	
                1-1-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                3

              	 	
                1-3-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-2-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                4

              	 	
                1-4-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-3-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                5

              	 	
                1-5-A
                  through 1-88-A

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

              

      

       

      
        
           

        

        
          78

          
            

          

        

        
           

        

      

       

      
        	 	 	
                1-1-A
                  through 1-4-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                6

              	 	
                1-6-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-5-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                7

              	 	
                1-7-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-6-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                8

              	 	
                1-8-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-7-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                9

              	 	
                1-9-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-8-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                10

              	 	
                1-10-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-9-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                11

              	 	
                1-11-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-10-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                12

              	 	
                1-12-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-11-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                13

              	 	
                1-13-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-12-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                14

              	 	
                1-14-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-13-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                15

              	 	
                1-15-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-14-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                16

              	 	
                1-16-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-15-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                17

              	 	
                1-17-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-16-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                18

              	 	
                1-18-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-17-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                19

              	 	
                1-19-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-18-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                20

              	 	
                1-20-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-19-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                21

              	 	
                1-21-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-20-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                22

              	 	
                1-22-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-21-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                23

              	 	
                1-23-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-22-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                24

              	 	
                1-24-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-23-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                25

              	 	
                1-25-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-24-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              

      

       

      
        
           

        

        
          79

          
            

          

        

        
           

        

      

       

      
        	
                26

              	 	
                1-26-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-25-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                27

              	 	
                1-27-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-26-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                28

              	 	
                1-28-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-27-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                29

              	 	
                1-29-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-28-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                30

              	 	
                1-30-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-29-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                31

              	 	
                1-31-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-30-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                32

              	 	
                1-32-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-31-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                33

              	 	
                1-33-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-32-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                34

              	 	
                1-34-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-33-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                35

              	 	
                1-35-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-34-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                36

              	 	
                1-36-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-35-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                37

              	 	
                1-37-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-36-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                38

              	 	
                1-38-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-37-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                39

              	 	
                1-39-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-38-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                40

              	 	
                1-40-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-39-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                41

              	 	
                1-41-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-40-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                42

              	 	
                1-42-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-41-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                43

              	 	
                1-43-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-42-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                44

              	 	
                1-44-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-43-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                45

              	 	
                1-45-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-44-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                46

              	 	
                1-46-A
                  through 1-88-A

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

              

      

       

      
        
           

        

        
          80

          
            

          

        

        
           

        

      

       

      
        	 	 	
                1-1-A
                  through 1-45-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                47

              	 	
                1-47-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-46-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                48

              	 	
                1-48-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-47-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                49

              	 	
                1-49-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-48-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                50

              	 	
                1-50-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-49-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                51

              	 	
                1-51-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-50-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                52

              	 	
                1-52-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-51-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                53

              	 	
                1-53-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-52-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                54

              	 	
                1-54-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-53-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                55

              	 	
                1-55-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-54-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                56
                  - 84

              	 	
                1-56-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-55-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                85

              	 	
                1-57-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-56-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                86

              	 	
                1-58-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-57-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                87

              	 	
                1-59-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-58-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                88

              	 	
                1-60-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-59-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                89

              	 	
                1-61-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-84-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                80

              	 	
                1-62-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-61-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                91

              	 	
                1-63-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-62-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                92

              	 	
                1-64-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-63-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                93

              	 	
                1-65-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-64-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                94

              	 	
                1-66-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-65-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                95

              	 	
                1-67-A
                  through 1-88-A

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

              

      

       

      
        
           

        

        
          81

          
            

          

        

        
           

        

      

       

      
        	 	 	
                1-1-A
                  through 1-66-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                96

              	 	
                1-68-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-67-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                97

              	 	
                1-69-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-68-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                98

              	 	
                1-70-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-69-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                99

              	 	
                1-71-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-70-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                90

              	 	
                1-72-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-71-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                101

              	 	
                1-73-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-72-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                102

              	 	
                1-74-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-73-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                103

              	 	
                1-75-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-74-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                104

              	 	
                1-76-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-75-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                105

              	 	
                1-77-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-76-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                106

              	 	
                1-78-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-77-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                107

              	 	
                1-79-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-78-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                108

              	 	
                1-80-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-79-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                109

              	 	
                1-81-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-80-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                110

              	 	
                1-82-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-81-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                111

              	 	
                1-83-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-82-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                112

              	 	
                1-84-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-83-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                113

              	 	
                1-85-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-84-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                114

              	 	
                1-86-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-85-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                115

              	 	
                1-87-A
                  through 1-88-A

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

              
	 	 	
                1-1-A
                  through 1-86-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              

      

       

      
        
           

        

        
          82

          
            

          

        

        
           

        

      

       

      
        	
                116

              	 	
                1-88-A
                  

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

              
	 	 	
                1-1-A
                  through 1-87-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                thereafter

              	 	
                1-1-A
                  through 1-88-A

              	 	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              

      

       

      With
        respect to REMIC 3 Regular Interest 2-IO and any Distribution Date, a per
        annum
        rate equal to the excess of (i) the weighted average of the Uncertificated
        REMIC
        2 Pass-Through Rates for the REMIC 2 Regular Interests ending with the
        designation “A” for such Distribution Date over (ii) the weighted average of 2
        multiplied by Swap LIBOR on the REMIC 2 Regular Interests ending with the
        designation “A”, subject to a maximum rate of the Uncertificated REMIC 2
        Pass-Through Rate for each such REMIC 2 Regular Interest for such Distribution
        Date, in each case, weighted on the basis of the Uncertificated Principal
        Balances of each such REMIC 2 Regular Interest for such Distribution
        Date.

      

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

      

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

      

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

      

      
        
           

        

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

      

      Section
        1.02. Determination
        of LIBOR.

      

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

      

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

      

      
        
           

        

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

      

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

      

      Section
        1.03. Allocation
        of Certain Interest Shortfalls.

      

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

      

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

      

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC 2 Regular Interests for any Distribution Date, the aggregate amount
        of any
        Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls
        incurred in respect of Loan Group 2 shall be allocated first, to REMIC 2
        Regular
        Interests ending with the designation “B” and REMIC 2 Regular Interests OC and
        P, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 2 Regular Interest, and then, to REMIC
        2
        Regular Interests ending with the designation “A”, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 2 Regular Interest.

      

      
        
           

        

        
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      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interest 1-IO)
        for
        any Distribution Date, the aggregate amount of any Net Prepayment Interest
        Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
        the
        Loan Group 1 for any Distribution Date shall be allocated first, to
        Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 1-AA
        and
        REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC
        3
        Group 1 Interest Loss Allocation Amount, 98% and 2%, respectively, and
        thereafter among REMIC 3 Regular Interest 1-AA, each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-M, Class 1-B or Class 1-P Certificate
        is
        the Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 3 Regular Interest.

      

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-IO)
        for
        any Distribution Date, the aggregate amount of any Net Prepayment Interest
        Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
        the
        Loan Group 2 for any Distribution Date shall be allocated first, to
        Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 2-AA
        and
        REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC
        3
        Group 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and
        thereafter among REMIC 3 Regular Interest 1-AA, each REMIC 3 Group 2 Regular
        Interest for which a Class 2-A Certificate or Class 2-P Certificate is the
        Corresponding Certificate and REMIC 3 Regular Interest 2-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 3 Regular Interest. 

      

      
        
           

        

        
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      ARTICLE
        II

      

      CONVEYANCE
        OF MORTGAGE LOANS;

      

      ORIGINAL
        ISSUANCE OF CERTIFICATES

      

      Section
        2.01. Conveyance
        of Mortgage Loans.

      

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

      

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

      

      (i) the
        original Mortgage Note endorsed without recourse, “Deutsche Bank National Trust
        Company, as trustee under the Pooling and Servicing Agreement relating to
        Impac
        Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2” with
        all intervening endorsements showing an unbroken chain of endorsements from
        the
        originator to the Person endorsing it to the Trustee or, with respect to
        any
        Mortgage Loan as to which the original Mortgage Note has been permanently
        lost
        or destroyed and has not been replaced, a Lost Note Affidavit;

      

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

      

      (iii) unless
        the Mortgage Loan is registered on the MERS® System, a duly executed original
        Assignment of the Mortgage, without recourse, in recordable form to Deutsche
        Bank National Trust Company, as trustee,” or to “Deutsche Bank National Trust
        Company, as trustee for holders of Impac Secured Assets Corp., Mortgage
        Pass-Through Certificates, Series 2007-2”;

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

      
        
           

        

        
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      Section
        2.02. Acceptance
        of the Trust Fund by the Trustee.

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      Section
        2.04. Representations
        and Warranties of the Sponsor.

      

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

      

      
        
           

        

        
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      In
        connection with the substitution of one or more Qualified Substitute Mortgage
        Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine
        the amount (the “Substitution Adjustment”), if any, by which the aggregate
        principal balance of all such Qualified Substitute Mortgage Loans as of the
        date
        of substitution is less than the aggregate Stated Principal Balance of all
        such
        Deleted Mortgage Loans (in each case after application of the principal portion
        of the Monthly Payments due in the month of substitution that are to be
        distributed to Certificateholders in the month of substitution). The Trustee
        shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase
        Agreement to provide the Master Servicer on the day of substitution for
        immediate deposit into the Custodial Account the amount of such shortfall,
        without any reimbursement therefor. In accordance with the Mortgage Loan
        Purchase Agreement, the Sponsor shall give notice in writing to the Trustee
        of
        such event, which notice shall be accompanied by an Officers’ Certificate as to
        the calculation of such shortfall and by an Opinion of Counsel to the effect
        that such substitution will not cause (a) any federal tax to be imposed on
        REMIC
        1, REMIC 2, REMIC 3 or REMIC 4, including without limitation, any federal
        tax
        imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on
“contributions after the startup date” under Section 860G(d)(1) of the Code or
        (b) any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC
        at
        any time that any Certificate is outstanding. The costs of any substitution
        as
        described above, including any related assignments, opinions or other
        documentation in connection therewith shall be borne by the
        Sponsor.

      

      
        
           

        

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

      

      Section
        2.05. Issuance
        of Certificates; Conveyance of REMIC 1 Regular Interests, Class C Interest,
        Class P Interest and Acceptance of REMIC 2, REMIC 3 and REMIC 4 by the
        Trustee.

      

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

      

      (b) The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        REMIC
        1 Regular Interests and REMIC 2 Regular Interests for the benefit of the
        holders
        of the REMIC 3 Regular Interests and the Holders of the Class R Certificates
        (in
        respect of the Class R-3 Interest). The Trustee acknowledges receipt of the
        REMIC 1 Regular Interests and REMIC 2 Regular Interests (all of which are
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the holders of the REMIC 3 Regular Interests
        and the Holders of the Class R Certificates (in respect of the Class R-3
        Interest). The interests evidenced by the Class R-3 Interest, together with
        the
        REMIC 3 Regular Interests, constitute the entire beneficial ownership interest
        in REMIC 3.

      

      
        
           

        

        
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      (c) The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        REMIC
        3 Regular Interests for the benefit of the holders of the REMIC 4 Regular
        Interests and the Holders of the Class R Certificates (in respect of the
        Class
        R-4 Interest). The Trustee acknowledges receipt of the REMIC 3 Regular Interests
        (which are uncertificated) and declares that it holds and will hold the same
        in
        trust for the exclusive use and benefit of the holders of the REMIC 4 Regular
        Interests and the Holders of the Class R Certificates (in respect of the
        Class
        R-4 Interest). The interests evidenced by the Class R-4 Interest, together
        with
        the REMIC 4 Regular Interests, constitute the entire beneficial ownership
        interest in REMIC 4.

      

      (c) In
        exchange for the REMIC 3 Regular Interests and, concurrently with the assignment
        to the Trustee thereof, pursuant to the written request of the Depositor
        executed by an officer of the Depositor, the Trustee has executed, authenticated
        and delivered to or upon the order of the Depositor, the Regular Certificates
        in
        authorized denominations evidencing (together with the Class R-4 Interest
        and
        Class IO Interests) the entire beneficial ownership interest in REMIC
        4.

      

      (d) Concurrently
        with (i) the assignment and delivery to the Trustee of REMIC 1 (including
        the
        Residual Interest therein represented by the Class R-1 Interest) and the
        acceptance by the Trustee thereof, (ii) the assignment and delivery to the
        Trustee of REMIC 2 (including the Residual Interest therein represented by
        the
        Class R-2 Interest), (iii) the assignment and delivery to the Trustee of
        REMIC 3
        (including the Residual Interest therein represented by the Class R-3 Interest)
        (iv) the assignment and delivery to the Trustee of REMIC 4 (including the
        Residual Interest therein represented by the Class R-4 Interest) and the
        acceptance by the Trustee thereof, the Trustee, from and pursuant to the
        written
        request of the Depositor executed by an officer of the Depositor, has executed,
        authenticated and delivered to or upon the order of the Depositor, the Class
        R
        Certificates in authorized denominations evidencing the Class R-1 Interest
        and
        Class R-2 Interest and the Class R-3 Interest and Class R-4 Interest,
        respectively.

      

      Section
        2.06. Purposes
        and Powers of the Trust.

      

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

      

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

      

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

      

      (c) to
        make
        payments on the Certificates;

      

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

      

      
        
           

        

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

      

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

      

      
        
           

        

        
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      ARTICLE
        III

      

      ADMINISTRATION
        AND SERVICING

      

      OF
        THE
        TRUST FUND

      

      Section
        3.01. Master
        Servicer to Act as Master Servicer.

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

      Notwithstanding
        anything in this Agreement to the contrary, the Master Servicer shall not
        (unless the Mortgagor is in default with respect to the Mortgage Loan or
        such
        default is, in the judgment of the Master Servicer, reasonably foreseeable)
        make
        or permit any modification, waiver or amendment of any term of any Mortgage
        Loan
        that would both (i) effect an exchange or reissuance of such Mortgage Loan
        under
        Section 1001 of the Code (or Treasury regulations promulgated thereunder)
        and
        (ii) cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify
        as a
        REMIC under the Code or the imposition of any tax on “prohibited transactions”
or “contributions” after the startup date under the REMIC
        Provisions.

      

      
        
           

        

        
          100

          
            

          

        

        
           

        

      

      

      

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

      

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

      

      (a) The
        Master Servicer may enter into Sub-Servicing Agreements with Sub-Servicers
        for
        the servicing and administration of the Mortgage Loans and for the performance
        of any and all other activities of the Master Servicer hereunder; provided,
        however, that such agreements would not result in a withdrawal or a downgrading
        by Standard & Poor's of its rating on any Class of Certificates. Each
        Sub-Servicer shall be either (i) an institution the accounts of which are
        insured by the FDIC or (ii) another entity that engages in the business of
        originating or servicing mortgage loans comparable to the Mortgage Loans,
        and in
        either case shall be authorized to transact business in the state or states
        in
        which the related Mortgaged Properties it is to service are situated, if
        and to
        the extent required by applicable law to enable the Sub-Servicer to perform
        its
        obligations hereunder and under the Sub-Servicing Agreement, and in either
        case
        shall be a Freddie Mac or Fannie Mae approved mortgage servicer. Any
        Sub-Servicing Agreement entered into by the Master Servicer shall include
        the
        provision that such Agreement may be immediately terminated (x) with cause
        and
        without any termination fee by any Master Servicer hereunder or (y) without
        cause in which case the Master Servicer shall be responsible for any termination
        fee or penalty resulting therefrom (except that in the case of Midland acting
        as
        a Sub-Servicer, neither the Master Servicer nor any successor Master Servicer
        shall terminate the related Sub-Servicing Agreement without cause). In addition,
        each Sub-Servicing Agreement shall provide for servicing of the Mortgage
        Loans
        consistent with the terms of this Agreement. The Master Servicer and the
        Sub-Servicers may enter into Sub-Servicing Agreements and make amendments
        to the
        Sub-Servicing Agreements or enter into different forms of Sub-Servicing
        Agreements providing for, among other things, the delegation by the Master
        Servicer to a Sub-Servicer of additional duties regarding the administration
        of
        the Mortgage Loans; provided, however, that any such amendments or different
        forms shall be consistent with and not violate the provisions of this Agreement,
        and that no such amendment or different form shall be made or entered into
        which
        could be reasonably expected to be materially adverse to the interests of
        the
        Certificate Insurer or Certificateholders, without the consent of the
        Certificate Insurer or the Holders of Certificates entitled to at least 51%
        of
        the Voting Rights. The parties hereto acknowledge that the initial Sub-Servicers
        shall be Countrywide and Midland.

      

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

      

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

      

      
        
           

        

        
          101

          
            

          

        

        
           

        

      

      

      

      (c) [Reserved].

      

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

      

      Section
        3.03. Successor
        Sub-Servicers.

      

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

      

      Section
        3.04. Liability
        of the Master Servicer.

      

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

      

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

      

      Any
        Sub-Servicing Agreement that may be entered into and any transactions or
        services relating to the Mortgage Loans involving a Sub-Servicer in its capacity
        as such and not as an originator shall be deemed to be between the Sub-Servicer
        and the Master Servicer alone, and the Trustee and Certificateholders shall
        not
        be deemed parties thereto and shall have no claims, rights, obligations,
        duties
        or liabilities with respect to the Sub-Servicer except as set forth in Section
        3.06. The Master Servicer (or the Sub-Servicer of the Group 1 Loans) shall
        be
        liable for the payment of any franchise taxes which may be assessed by the
        California Franchise Tax Board in connection with the activities of the Trust
        under this Agreement.

      

      
        
           

        

        
          102

          
            

          

        

        
           

        

      

      

      

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

      

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

      

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

      

      Section
        3.07. Collection
        of Certain Mortgage Loan Payments.

      

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

      

      (b) The
        Master Servicer shall make its reasonable efforts to collect or cause to
        be
        collected all payments required under the terms and provisions of the Mortgage
        Loans and shall follow, and use its reasonable efforts to cause Sub-Servicers
        to
        follow, collection procedures comparable to the collection procedures of
        prudent
        mortgage lenders servicing mortgage loans for their own account to the extent
        such procedures shall be consistent with this Agreement. Consistent with
        the
        foregoing, the Master Servicer may in its discretion (i) waive or permit
        to be
        waived any late payment charge, assumption fee, or any penalty interest in
        connection with the prepayment of a Mortgage Loan and (ii) suspend or reduce
        or
        permit to be suspended or reduced regular monthly payments for a period of
        up to
        six months, or arrange or permit an arrangement with a Mortgagor for a scheduled
        liquidation of delinquencies. In the event the Master Servicer shall consent
        to
        the deferment of the due dates for payments due on a Mortgage Note, the Master
        Servicer shall nonetheless make an Advance or, in the case of a Group 1 Loan,
        shall cause the related Sub-Servicer to make an Advance to the same extent
        as if
        such installment were due, owing and delinquent and had not been deferred
        through liquidation of the Mortgaged Property; provided,
        however,
        that
        the obligation of the Master Servicer or related Sub-Servicer to make an
        Advance
        shall apply only to the extent that such Advances are not Nonrecoverable
        Advances.

      

      
        
           

        

        
          103

          
            

          

        

        
           

        

      

      

      

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

      

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

      

      Section
        3.08. Sub-Servicing
        Accounts.

      

      In
        those
        cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a
        Sub-Servicing Agreement, the Sub-Servicer will be required to establish and
        maintain one or more accounts (collectively, the “Sub-Servicing Account”). The
        Sub-Servicing Account shall be an Eligible Account and shall otherwise be
        acceptable to the Master Servicer. All amounts held in a Sub-Servicing Account
        shall be held in trust for the Trustee for the benefit of the Certificateholders
        and the Certificate Insurer. Any investment of funds held in such an account
        shall be in Permitted Investments maturing not later than the Business Day
        immediately preceding the next Sub-Servicer Remittance Date. The Sub-Servicer
        will be required to deposit into the Sub-Servicing Account no later than
        two
        Business Days after receipt all proceeds of Mortgage Loans received by the
        Sub-Servicer, less the Excess Servicing Strip (in the case of Loan Group
        2) and
        its servicing compensation and any unreimbursed expenses and advances, to
        the
        extent permitted by the Sub-Servicing Agreement. On each Sub-Servicer Remittance
        Date the Sub-Servicer will be required to remit to the Master Servicer for
        deposit in the Custodial Account all funds held in the Sub-Servicing Account
        with respect to any Mortgage Loan as of the Sub-Servicer Remittance Date,
        after
        deducting from such remittance the Excess Servicing Strip (in the case of
        Loan
        Group 2) and an amount equal to the servicing compensation (including interest
        on Permitted Investments) and unreimbursed expenses and advances to which
        it is
        then entitled pursuant to the related Sub-Servicing Agreement, to the extent
        not
        previously paid to or retained by it. In addition, on each Sub-Servicer
        Remittance Date the Sub-Servicer will be required to remit to the Master
        Servicer any amounts required to be advanced pursuant to the related
        Sub-Servicing Agreement. The Sub-Servicer will also be required to remit
        to the
        Master Servicer, within five Business Days of receipt, the proceeds of any
        Principal Prepayment made by the Mortgagor, and, on each Sub-Servicer Remittance
        Date, the amount of any Insurance Proceeds or Liquidation Proceeds received
        during the related Prepayment Period.

      

      
        
           

        

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

      

      The
        Master Servicer and the Sub-Servicers shall establish and maintain one or
        more
        accounts (the “Servicing Accounts”), and shall deposit and retain therein all
        collections from the Mortgagors (or related advances from Sub-Servicers)
        for the
        payment of taxes, assessments, Primary Hazard Insurance Policy premiums,
        and
        comparable items for the account of the Mortgagors, to the extent that the
        Master Servicer customarily escrows for such amounts. Withdrawals of amounts
        so
        collected from a Servicing Account may be made only to (i) effect payment
        of
        taxes, assessments, Primary Hazard Insurance Policy premiums and comparable
        items; (ii) reimburse the Master Servicer (or a Sub-Servicer to the extent
        provided in the related Sub-Servicing Agreement) out of related collections
        for
        any payments made pursuant to Sections 3.01 (with respect to taxes and
        assessments), and 3.13 (with respect to Primary Hazard Insurance Policies);
        (iii) refund to Mortgagors any sums as may be determined to be overages;
        (iv)
        payment of investment income to the extent provided in the mortgage loan
        documentation or (v) clear and terminate the Servicing Account at the
        termination of this Agreement pursuant to Section 9.01. As part of its servicing
        duties, the Master Servicer or the Sub-Servicer of the Group 1 Loans shall,
        if
        and to the extent required by law, pay to the Mortgagors interest on funds
        in
        Servicing Accounts from its or their own funds, without any reimbursement
        therefor.

      

      Section
        3.10. Custodial
        Account.

      

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

      

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

      

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

      

      
        
           

        

        
          105

          
            

          

        

        
           

        

      

      

      

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

      

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

      

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

      

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

      

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

      

      Section
        3.11. Permitted
        Withdrawals From the Custodial Account.

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

        
          106

          
            

          

        

        
           

        

      

      

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      Section
        3.12. Permitted
        Investments.

      

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

      

      
        
           

        

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

      

      Section
        3.13. Maintenance
        of Primary Hazard Insurance. 

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

      No
        earthquake or other additional insurance is to be required of any Mortgagor
        or
        maintained on property acquired with respect to a security instrument other
        than
        pursuant to such applicable laws and regulations as shall at any time be
        in
        force and shall require such additional insurance. When, at the time of
        origination of the Mortgage Loan or at any subsequent time, the Mortgaged
        Property is located in a federally designated special flood hazard area,
        the
        Master Servicer shall cause with respect to the Mortgage Loans and each REO
        Property flood insurance (to the extent available and in accordance with
        mortgage servicing industry practice) to be maintained. Such flood insurance
        shall cover the Mortgaged Property, including all items taken into account
        in
        arriving at the Collateral Value on which the Mortgage Loan was based, and
        shall
        be in an amount equal to the lesser of (i) the Stated Principal Balance of
        the
        related Mortgage Loan and (ii) the minimum amount required under the terms
        of
        coverage to compensate for any damage or loss on a replacement cost basis,
        but
        not more than the maximum amount of such insurance available for the related
        Mortgaged Property under either the regular or emergency programs of the
        National Flood Insurance Program (assuming that the area in which such Mortgaged
        Property is located is participating in such program). Unless applicable
        state
        law requires a higher deductible, the deductible on such flood insurance
        may not
        exceed $5,000 or 1% of the applicable amount of coverage, whichever is
        less.

      

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

      

      
        
           

        

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

      

      The
        Master Servicer will, to the extent it has knowledge of any conveyance or
        prospective conveyance by any Mortgagor of the Mortgaged Property (whether
        by
        absolute conveyance or by contract of sale, and whether or not the Mortgagor
        remains or is to remain liable under the Mortgage Note or the Mortgage),
        exercise or cause to be exercised its rights to accelerate the maturity of
        such
        Mortgage Loan under any “due-on-sale” clause applicable thereto; provided,
        however,
        that
        the Master Servicer shall not exercise any such rights if it reasonably believes
        that it is prohibited by law from doing so. The Master Servicer or the related
        Sub-Servicer may repurchase a Mortgage Loan at the Purchase Price when the
        Master Servicer requires acceleration of the Mortgage Loan, but only if the
        Master Servicer is satisfied, as evidenced by an Officer's Certificate delivered
        to the Trustee, that either (i) such Mortgage Loan is in default or default
        is
        reasonably foreseeable or (ii) if such Mortgage Loan is not in default or
        default is not reasonably foreseeable, such repurchase will have no adverse
        tax
        consequences for the Trust Fund or any Certificateholder. If the Master Servicer
        is unable to enforce such “due-on-sale” clause (as provided in the second
        preceding sentence) or if no “due-on-sale” clause is applicable, the Master
        Servicer or the Sub-Servicer is authorized to enter into an assumption and
        modification agreement with the Person to whom such property has been conveyed
        or is proposed to be conveyed, pursuant to which such Person becomes liable
        under the Mortgage Note and, to the extent permitted by applicable state
        law,
        the Mortgagor remains liable thereon; provided,
        however,
        that
        the Master Servicer shall not enter into any assumption and modification
        agreement if the coverage provided under the Primary Insurance Policy, if
        any,
        would be impaired by doing so. The Master Servicer shall notify the Trustee,
        whenever possible, before the completion of such assumption agreement, and
        shall
        forward to the Custodian the original copy of such assumption agreement,
        which
        copy shall be added by the Custodian to the related Mortgage File and which
        shall, for all purposes, be considered a part of such Mortgage File to the
        same
        extent as all other documents and instruments constituting a part thereof.
        In
        connection with any such assumption agreement, the interest rate on the related
        Mortgage Loan shall not be changed and no other material alterations in the
        Mortgage Loan shall be made unless such material alteration would not cause
        any
        of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC for
        federal income tax purposes, as evidenced by an Opinion of Counsel. The Master
        Servicer is also authorized to enter into a substitution of liability agreement
        with such Person, pursuant to which the original Mortgagor is released from
        liability and such Person is substituted as the Mortgagor and becomes liable
        under the Mortgage Note. Any fee collected by or on behalf of the Master
        Servicer for entering into an assumption or substitution of liability agreement
        will be retained by or on behalf of the Master Servicer as additional servicing
        compensation. In connection with any such assumption, no material term of
        the
        Mortgage Note (including but not limited to the Mortgage Rate, the amount
        of the
        Monthly Payment and any other term affecting the amount or timing of payment
        on
        the Mortgage Loan) may be changed. The Master Servicer shall not enter into
        any
        substitution or assumption if such substitution or assumption shall (i) both
        constitute a “significant modification” effecting an exchange or reissuance of
        such Mortgage Loan under the Code (or Treasury regulations promulgated
        thereunder) and cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail
        to
        qualify as a REMIC under the REMIC Provisions or (ii) cause the imposition
        of
        any tax on “prohibited transactions” or “contributions” after the Startup Day
        under the REMIC Provisions. The Master Servicer shall notify the Trustee
        that
        any such substitution or assumption agreement has been completed and shall
        forward to the Custodian the original copy of such substitution or assumption
        agreement, which copy shall be added to the related Mortgage File and shall,
        for
        all purposes, be considered a part of such Mortgage File to the same extent
        as
        all other documents and instruments constituting a part thereof. A portion
        equal
        to up to 2% of the Collateral Value of the related Mortgage Loan, of any
        fee or
        additional interest collected by the related Sub-Servicer for consenting
        in any
        such conveyance or entering into any such assumption agreement may be retained
        by the related Sub-Servicer as additional servicing compensation.

      

      
        
           

        

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

      

      Section
        3.15. Realization
        Upon Defaulted Mortgage Loans.

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

      
        
           

        

        
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      Section
        3.17. Servicing
        Compensation.

      

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

      

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

      

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

      

      Notwithstanding
        anything herein to the contrary, Midland (and its successors and assigns)
        shall
        also be entitled to the Excess Servicing Strip with respect to the Mortgage
        Loans that it is servicing and may at its option assign or pledge to any
        third
        party or retain for itself the Excess Servicing Strip. The Master Servicer
        (or
        its successor hereunder, if any) shall pay the Excess Servicing Strip to
        the
        holder of the Excess Servicing Strip (i.e., Midland or any such third party)
        at
        such time and to the extent the Master Servicer is entitled to receive payment
        of its Master Servicing Fees hereunder, notwithstanding any resignation or
        termination of the Master Servicer hereunder. In the event that Midland is
        terminated or resigns as Sub-Servicer, it (and its successors and assigns)
        will
        be entitled to retain the Excess Servicing Strip.

      

      Section
        3.18. Maintenance
        of Certain Servicing Policies.

      

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

      

      
        
           

        

        
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      Section
        3.19. Annual
        Statement as to Compliance.

      

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

      

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

      

      Section
        3.20. Assessments
        of Compliance and Attestation Reports.

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

      Section
        3.21. Access
        to
        Certain Documentation.

      

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

      

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

      

      This
        Section shall apply only to REO Properties acquired for the account of REMIC
        1
        or REMIC 2, as applicable, and shall not apply to any REO Property relating
        to a
        Mortgage Loan which was purchased or repurchased from REMIC 1 or REMIC 2,
        as
        applicable, pursuant to Sections 2.02, 2.04 or 3.14. In the event that title
        to
        any such REO Property is acquired, the deed or certificate of sale shall
        be
        issued to the Trustee, or to its nominee, on behalf of the Certificateholders.
        The Master Servicer, on behalf of REMIC 1 or REMIC 2, as applicable, shall
        either sell any related REO Property before the close of the third taxable
        year
        following the taxable year in which REMIC 1 or REMIC 2, as applicable, acquires
        ownership of such REO Property for purposes of Section 860G(a)(8) of the
        Code
        or, at the expense of REMIC 1 or REMIC 2, as applicable, request, more than
        60
        days before the day on which the three-year grace period would otherwise
        expire
        an extension of the three-year grace period, unless the Master Servicer has
        delivered to the Trustee and the Certificate Insurer an Opinion of Counsel
        (which shall not be at the expense of the Trustee or the Certificate Insurer),
        addressed to the Trustee, the Certificate Insurer and the Master Servicer,
        to
        the effect that the holding by REMIC 1 or REMIC 2, as applicable, of such
        REO
        Property subsequent to the close of the third taxable year following the
        taxable
        year in which REMIC 1 or REMIC 2, as applicable, acquires ownership of such
        REO
        Property will not result in the imposition on REMIC 1 or REMIC 2, as applicable,
        of taxes on “prohibited transactions” thereof, as defined in Section 860F of the
        Code, or cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify
        as
        a REMIC under the REMIC Provisions or comparable provisions of the laws of
        the
        State of California at any time that any Certificates are outstanding. The
        Master Servicer shall manage, conserve, protect and operate each REO Property
        for the Certificateholders solely for the purpose of its prompt disposition
        and
        sale in a manner which does not cause such REO Property to fail to qualify
        as
“foreclosure property” within the meaning of Section 860G(a)(8) or result in the
        receipt by any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 of any “income from
        non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or
        any “net income from foreclosure property” which is subject to taxation under
        the REMIC Provisions. Pursuant to its efforts to sell such REO Property,
        the
        Master Servicer shall either itself or through an agent selected by the Master
        Servicer protect and conserve such REO Property in the same manner and to
        such
        extent as is customary in the locality where such REO Property is located
        and
        may, incident to its conservation and protection of the interests of the
        Certificateholders, rent the same, or any part thereof, as the Master Servicer
        deems to be in the best interest of the Certificateholders for the period
        prior
        to the sale of such REO Property.

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

      Section
        3.23. Additional
        Obligations of the Master Servicer.

      

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

      

      Section
        3.24. Additional
        Obligations of the Depositor.

      

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

      

      
        
           

        

        
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      Section
        3.25. Exchange
        Act Reporting.

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

      Section
        3.26. Intention
        of the Parties and Interpretation.

      

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

      

      
        
           

        

        
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      Section
        3.27. Optional
        Purchase of Certain Mortgage Loans.

      

      The
        Master Servicer will have a one-time option to purchase up to a maximum of
        1.00%
        (and in any case, at least 5 Mortgage Loans not exceeding in the aggregate
        such
        1.00% limit) of the Group 1 Loans, by aggregate Stated Principal Balance
        of the
        Group 1 Loans as of such date, from the Trustee at the Purchase Price. The
        Master Servicer will have the option, from time to time, of purchasing Group
        2
        Loans from the Trustee at the Purchase Price; provided that the aggregate
        Stated
        Principal Balance of such purchased Group 2 Loans from the Closing Date to
        the
        time of such purchase will not exceed 1% of the Group 2 Cut-off Date Balance;
        and provided, further, that the aggregate Stated Principal Balance of the
        Group
        2 Loans purchased at any one time does not exceed 1% of the aggregate Stated
        Principal Balance of the Group 2 Loans as of such date. Any Group 1 Loans
        and
        Group 2 Loans that may be purchased by the Master Servicer pursuant to this
        Section 3.27 will be selected by the Master Servicer in its sole discretion.
        If
        at any time the Master Servicer makes a payment to the Certificate Account
        covering the amount of the Purchase Price for such a Mortgage Loan, and the
        Master Servicer provides to the Trustee a certification signed by a Servicing
        Officer stating that the amount of such payment has been deposited in the
        Certificate Account, then the Trustee shall execute the assignment of such
        Mortgage Loan at the request of the Master Servicer without recourse to the
        Master Servicer which shall succeed to all the Trustee’s right, title and
        interest in and to such Mortgage Loan, and all security and documents relative
        thereto. Such assignment shall be an assignment outright and not for security.
        The Master Servicer will thereupon own such Mortgage, and all such security
        and
        documents, free of any further obligation to the Trustee or the
        Certificateholders with respect thereto. Any tax on "prohibited transactions"
        (as defined in Section 860F(a)(2) of the Code) imposed on any REMIC relating
        to
        the exercise of the option provided in this Section 3.27 shall in no event
        be
        payable by the Trustee.

      

      
        
           

        

        
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      ARTICLE
        IV

      

      PAYMENTS
        TO CERTIFICATEHOLDERS

      

      Section
        4.01. Distributions.

      

      (a) The
        Trustee shall establish and maintain a Certificate Account, in which the
        Master
        Servicer shall cause to be deposited on behalf of the Trustee on or before
        5:00
        P.M. New York time on each Certificate Account Deposit Date by wire transfer
        of
        immediately available funds an amount equal to the sum of (i) any Advance
        for
        the immediately succeeding Distribution Date, (ii) any amount required to
        be
        deposited in the Certificate Account pursuant to Sections 3.11, 3.13 or 3.23,
        (iii) all other amounts constituting the Available Distribution Amount for
        the
        immediately succeeding Distribution Date, (iv) amounts payable to the related
        Supplemental Interest Trust in respect of related Net Swap Payments and Swap
        Termination Payments payable to the related Swap Provider other than Swap
        Termination Payments resulting from a Swap Provider Trigger Event and (v)
        any
        amounts on deposit in the Custodial Account representing Prepayment Charges
        collected by the Master Servicer (and any Master Servicer Prepayment Charge
        Payment Amounts paid by, or collected on behalf of the Trust Fund by, the
        Master
        Servicer or any Sub-Servicer), other than any such Prepayment Charges or
        Master
        Servicer Prepayment Charge Payment Amounts relating to Principal Prepayments
        that occurred after the end of the related Prepayment Period.

      

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

      

      On
        each
        Distribution Date, prior to making any other distributions referred to in
        Section 4.01 herein, the Trustee shall withdraw from the Certificate Account
        and
        pay to the Certificate Insurer, by wire transfer of immediately available
        funds,
        the Policy Premium for such Distribution Date. The Trustee shall deposit
        any
        amounts received from the Certificate Insurer pursuant to the Certificate
        Guaranty Insurance Policy into the Insurance Account. 

      

      On
        each
        Distribution Date, prior to making any other distributions referred to in
        Section 4.01 herein, the Trustee shall withdraw from the Class M Interest
        Reserve Fund, to the extent of the related Interest Reserve Fund Amount,
        an
        amount equal to any related Net WAC Shortfall Amounts for that Distribution
        Date
        for the Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7
        Certificates and shall distribute such amount to the Holders of the Class
        1-M-4,
        Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates. Any payments to the
        Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7
        Certificates in respect of related Net WAC Shortfall Amounts pursuant to
        the
        preceding sentence shall not be payments with respect to a Regular Interest
        in a
        REMIC within the meaning of Section 860G(a)(1) of the Code.

      

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

      

      
        
           

        

        
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      Net
        Swap
        Payments and Swap Termination Payments (other than Swap Termination Payments
        resulting from a Swap Provider Trigger Event) payable by the related
        Supplemental Interest Trust to the related Swap Provider pursuant to the
        related
        Interest Rate Swap Agreement shall be deducted (without duplication) from
        the
        interest collections in the related Available Distribution Amount, and to
        the
        extent of any such remaining amounts due, from the principal collections
        in the
        related Available Distribution Amount, prior to any distributions to the
        related
        Certificateholders. On each Distribution Date, such amounts will be remitted
        to
        the related Supplemental Interest Trust, first to make any Net Swap Payment
        owed
        to the related Swap Provider pursuant to the related Interest Rate Swap
        Agreement for such Distribution Date and for prior Distribution Dates, and
        second to make any Swap Termination Payment (not due to a Swap Provider Trigger
        Event) owed to the related Swap Provider pursuant to the related Interest
        Rate
        Swap Agreement for such Distribution Date and for prior Distribution Dates.
        Any
        Swap Termination Payment triggered by a Swap Provider Trigger Event owed
        to the
        related Swap Provider pursuant to the related Interest Rate Swap Agreement
        will
        be subordinated to distributions to the Holders of the related Offered
        Certificates and Class 1-B Certificates, and shall be paid as set forth in
        Section 4.01(l)(ix) and 4.01(m)(viii), as applicable.

      

      (b) On
        each
        Distribution Date, the Trustee shall withdraw from the Certificate Account
        that
        portion of Available Distribution Amount for such Distribution Date consisting
        of the Interest Remittance Amount in respect of the Group 1 Loans for such
        Distribution Date, and make the following disbursements and transfers in
        the
        order of priority described below, in each case to the extent of the related
        Interest Remittance Amount for such Class for such Distribution
        Date:

      

      (i) from
        the
        Interest Remittance Amount in respect of the Group 1 Loans, concurrently
        to the
        Holders of the Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM
        Certificates, pro rata, based on entitlement, the related Monthly Interest
        Distributable Amount and any Unpaid Interest Shortfall Amount for each such
        Class for such Distribution Date;

      

      (ii) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Certificate Insurer, with respect to the Class 1-AM Certificates, in an amount
        equal to (a) any amounts reimbursable to the Certificate Insurer for the
        interest portion of any related Insured Payments made pursuant to the Insurance
        Agreement and (b) any related unpaid Policy Premium;

      

      (iii) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-1 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      
        
           

        

        
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      (iv) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-2 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (v) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-3 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (vi) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-4 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (vii) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-5 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (viii) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-6 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (ix) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-7 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

      

      (x) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-8 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date; and

      

      (xi) from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-B Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date.

      

      (c) On
        each
        Distribution Date, the Trustee shall withdraw from the Certificate Account
        that
        portion of Available Distribution Amount for such Distribution Date consisting
        of the Interest Remittance Amount in respect of the Group 2 Loans for such
        Distribution Date, and make the following disbursements and transfers in
        the
        order of priority described below, in each case to the extent of the related
        Interest Remittance Amount for such Class for such Distribution
        Date:

      

      (i) from
        the
        Interest Remittance Amount in respect of the Group 2 Loans, to the Holders
        of
        the Class 2-A Certificates, the related Monthly Interest Distributable Amount
        and any Unpaid Interest Shortfall Amount for such Class for such Distribution
        Date.

      

      (d) Except
        as
        provided in clause (f) below, on each Distribution Date (i) prior to the
        Group 1
        Stepdown Date or (ii) on or after the Group 1 Stepdown Date if a Group 1
        Trigger
        Event is in effect, the Trustee shall withdraw from the Certificate Account
        an
        amount equal to the Principal Distribution Amount related to Loan Group 1
        and
        distribute to the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates, distributions in respect of principal to the extent of the
        related
        Principal Distribution Amount remaining for such Distribution Date:

      

      
        
           

        

        
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      (i) first,
        from the related Principal Distribution Amount, concurrently, on a pro rata
        basis, based on the aggregate Certificate Principal Balances thereof (x)
        sequentially, to the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates,
        in that order, and (y) to the Class 1-AM Certificates, in each case until
        the
        Certificate Principal Balances thereof are reduced to zero; and

      

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

      

      (e) Except
        as
        provided in clause (f) below, on each Distribution Date (i) on and after
        the
        Group 1 Stepdown Date and (ii) on which a Group 1 Trigger Event is not in
        effect, the Trustee shall withdraw from the Certificate Account an amount
        equal
        to the related Principal Distribution Amount and distribute to the Holders
        of
        the Class 1-A, Class 1-M and Class 1-B Certificates, distributions in respect
        of
        principal to the extent of the related Principal Distribution Amount remaining
        for such Distribution Date:

      

      (i) first,
        concurrently on a pro rata basis, based on the aggregate Certificate Principal
        Balances thereof (x) sequentially, to the Class 1-A1-A, Class 1-A1-B and
        Class
        1-A1-C Certificates, in that order, and (y) to the Class 1-AM Certificates,
        the
        Class 1-A Principal Distribution Amount, in each case until the Certificate
        Principal Balances thereof are reduced to zero; and

      

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

      

      (f) Notwithstanding
        the foregoing, on any Distribution Date on which the aggregate Certificate
        Principal Balance of the Class 1-M Certificates and Class 1-B Certificates
        and
        the related Overcollateralized Amount have been reduced to zero, the related
        Principal Distribution Amount will be paid to the Class 1-A Certificates
        on a
        pro rata basis, based on the Certificate Principal Balances thereof, until
        reduced to zero.

      

      (g) Notwithstanding
        the foregoing, to the extent any Net Swap Payment or Swap Termination Payment
        with respect to the Group 1 Interest Rate Swap Agreement is payable from
        principal collections from Loan Group 1, Principal Distribution Amounts with
        respect to Loan Group 1 will be deemed paid to the most subordinate Class
        of
        related Certificates (other than the Class R Certificates and Class 1-P
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero.

      

      
        
           

        

        
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      (h) Except
        as
        provided in clause (j) below, on each Distribution Date (A) prior to the
        Group 2
        Stepdown Date or (B) on or after the Group 2 Stepdown Date if a Group 2 Trigger
        Event is in effect, the Trustee shall withdraw from the Certificate Account
        an
        amount equal to the related Principal Distribution Amount and distribute
        to the
        Holders of the Class 2-A Certificates, distributions in respect of principal
        to
        the extent of the related Principal Distribution Amount, until the Certificate
        Principal Balance thereof has been reduced to zero.

      

      (i) Except
        as
        provided in clause (j) below, on each Distribution Date (A) on and after
        the
        Group 2 Stepdown Date and (B) on which a Group 2 Trigger Event is not in
        effect,
        the Trustee shall withdraw from the Certificate Account an amount equal to
        the
        related Principal Distribution Amount and distribute to the Holders of the
        Class
        2-A Certificates, distributions in respect of principal to the extent of
        the
        related Principal Distribution Amount, the Class 2-A Principal Distribution
        Amount until the Certificate Principal Balance thereof has been reduced to
        zero.

      

      (j) Notwithstanding
        the foregoing, on any Distribution Date on which the related Overcollateralized
        Amount has been reduced to zero, the related Principal Distribution Amount
        will
        be paid to the Class 2-A Certificates until reduced to zero.

      

      (k) Notwithstanding
        the foregoing, to the extent any Net Swap Payment or Swap Termination Payment
        with respect to the Group 2 Interest Rate Swap Agreement is payable from
        principal collections from Loan Group 2, Principal Distribution Amounts with
        respect to Loan Group 2 will be deemed paid to the most subordinate Class
        of
        related certificates (other than the Class R Certificates and Class 2-P
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero.

      

      (l) On
        each
        Distribution Date the Net Monthly Excess Cashflow related to Loan Group 1
        shall
        be distributed in the following order of priority:

      

      (i) to
        the
        Certificate Insurer, with respect to the Class 1-AM Certificates, in an amount
        equal to (a) any amounts reimbursable to the Certificate Insurer for related
        Insured Payments made pursuant to the Insurance Agreement and (b) any related
        unpaid Policy Premium;

      

      (ii) from
        the
        portion of such Net Monthly Excess Cashflow otherwise distributable to the
        Class
        1-C Certificates, to the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates then entitled to receive distributions in respect of principal,
        in
        an amount equal to any related Extra Principal Distribution Amount, payable
        to
        such Holders as part of the related Principal Distribution Amount as described
        under Sections 4.01(d), (e) and (f) above, as applicable;

      

      (iii) first,
        to
        the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates,
        pro
        rata, based on entitlement, in an amount equal to any Allocated Realized
        Loss
        Amount for each such Class, and second, to the Class 1-AM Certificates, an
        amount equal to the Allocated Realized Loss Amount for such Class;

      

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

      

      
        
           

        

        
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      (v) to
        the
        Certificate Insurer, with respect to the Class 2-A Certificates, in an amount
        equal to (a) any amounts reimbursable to the Certificate Insurer for related
        Insured Payments made pursuant to the Insurance Agreement and (b) any unpaid
        related Policy Premium, in each case, to the extent not covered by the Net
        Monthly Excess Cashflow relating to Loan Group 2 on that Distribution
        Date;

      

      (vi) to
        the
        Class 2-A Certificates, any Cross-Collateralized Loss Payments;

      

      (vii) from
        the
        portion of such Net Monthly Excess Cashflow otherwise distributable to the
        Class
        1-C Certificates, to the Group 1 Net WAC Shortfall Reserve Fund, (i) first,
        to
        pay the Class 1-A, Class 1-M and Class 1-B Certificates and, in the case
        of the
        Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, to the
        extent not previously covered by related amounts from the Class M Interest
        Reserve Fund, on a pro rata basis, based on the Certificate Principal Balances
        thereof, to the extent needed to pay any remaining related Net WAC Shortfall
        Amount for each such Class and to the extent such amount exceeds the amounts
        then on deposit in the Group 1 Net WAC Shortfall Reserve Fund; provided that
        any
        related Net Monthly Excess Cashflow remaining after such allocation to pay
        any
        such Net WAC Shortfall Amount based on the Certificate Principal Balances
        of the
        Class 1-A, Class 1-M and Class 1-B Certificates will be distributed to each
        such
        Class of Certificates with respect to which there remains any unpaid Net
        WAC
        Shortfall Amount, pro rata, based on the amount of such unpaid Net WAC Shortfall
        Amount to the extent such amount exceeds the amounts then on deposit in the
        Net
        WAC Shortfall Reserve Fund and (ii) second, to maintain a balance in the
        Group 1
        Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall Reserve
        Fund Deposit;

      

      (viii) to
        the
        Holders of the Class 2-A Certificates, in respect of the Allocated Realized
        Loss
        Amounts to the extent not covered by any related Net Monthly Excess Cashflow
        for
        such Class;

      

      (ix) to
        the
        Group 1 Supplemental Interest Trust for payment to the Group 1 Swap Provider
        any
        Swap Termination Payments with respect to the Group 1 Interest Rate Swap
        Agreement owed to the Group 1 Swap Provider due to a related Swap Provider
        Trigger Event not previously paid; 

      

      (x) to
        the
        Certificate Insurer, any remaining amounts related to the Group 1 Loans and
        owed
        to the Certificate Insurer under the Insurance Agreement;

      

      (xi) to
        the
        Certificate Insurer, any remaining amounts related to the Group 2 Loans and
        owed
        the Certificate Insurer under the Insurance Agreement to the extent not covered
        by the Net Monthly Excess Cashflow from the Group 2 Loans on that Distribution
        Date;

      

      (xii) to
        the
        Holders of the Class 1-C Certificates, an amount equal to the Class 1-C
        Distribution Amount reduced by amounts distributed in clauses (ii) and (vii)
        above; and

      

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

      

      
        
           

        

        
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      (m) On
        each
        Distribution Date the Net Monthly Excess Cashflow related to Loan Group 2
        shall
        be distributed in the following order of priority:

      

      (i) to
        the
        Certificate Insurer, with respect to the Class 2-A Certificates, an amount
        equal
        to (a) any amounts reimbursable to the Certificate Insurer for related Insured
        Payments made pursuant to the Insurance Agreement and (b) any related unpaid
        Policy Premium;

      

      (ii) from
        the
        portion of such Net Monthly Excess Cashflow otherwise distributable to the
        Class
        2-C Certificates, to the Holders of the Class 2-A Certificates then entitled
        to
        receive distributions in respect of principal, in an amount equal to any
        related
        Extra Principal Distribution Amount, payable to such Holders as part of the
        related Principal Distribution Amount as described under Sections 4.01(h),
        (i)
        and (j) above, as applicable;

      

      (iii) to
        the
        Holders of the Class 2-A Certificates, an amount equal to any Allocated Realized
        Loss Amount;

      

      (iv) to
        the
        Certificate Insurer, with respect to the Class 1-AM Certificates, an amount
        equal to (a) any amounts reimbursable to the Certificate Insurer for related
        Insured Payments made pursuant to the Insurance Agreement and (b) any related
        unpaid Policy Premium, in each case, to the extent not covered by the Net
        Monthly Excess Cashflow relating to Loan Group 1 on that distribution
        date;

      

      (v) first,
        to
        the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates,
        on
        a pro rata basis, second, to the Class 1-AM Certificates, and third,
        sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3,
        Class
        1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B
        Certificates, in that order, any Cross-Collateralized Loss
        Payments;

      

      (vi) from
        the
        portion of such Net Monthly Excess Cashflow otherwise distributable to the
        Class
        2-C Certificates, to the Group 2 Net WAC Shortfall Reserve Fund, (a) first,
        to
        pay the Class 2-A Certificates to the extent needed to pay any remaining
        related
        Net WAC Shortfall Amount and to the extent such amount exceeds the amounts
        then
        on deposit in the Group 2 Net WAC Shortfall Reserve Fund, and (b) second,
        to
        maintain a balance in the Group 2 Net WAC Shortfall Reserve Fund equal to
        the
        Group 2 Net WAC Shortfall Reserve Fund Deposit;

      

      (vii) first,
        to
        the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates,
        on
        a pro rata basis, based on entitlement, second, to the Class 1-AM Certificates,
        and third, sequentially, to the Holders of the Class 1-M-1, Class 1-M-2,
        Class
        1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and
        Class
        1-B Certificates, in that order, in each case, in respect of the Allocated
        Realized Loss Amounts to the extent not covered by any related Net Monthly
        Excess Cashflow for each such Class;

      

      (viii) to
        the
        Group 2 Supplemental Interest Trust for payment to the Group 2 Swap Provider
        any
        Swap Termination Payments with respect to the Group 2 Interest Rate Swap
        Agreement owed to the Group 2 Swap Provider due to a related Swap Provider
        Trigger Event not previously paid;

      

      
        
           

        

        
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      (ix) to
        the
        Certificate Insurer, any remaining amounts related to the Group 2 Loans and
        owed
        to the Certificate Insurer under the Insurance Agreement;

      

      (x) to
        the
        Certificate Insurer, any remaining amounts related to the Group 1 Loans and
        owed
        to the Certificate Insurer under the Insurance Agreement, to the extent not
        covered by Net Monthly Excess Cashflow from the Group 1 Loans; 

      

      (xi) to
        the
        Holders of the Class 2-C Certificates, an amount equal to the Class 2-C
        Distribution Amount reduced by amounts distributed in clauses (ii) and (vi)
        above; and

      

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

      

      (n) On
        or
        before each Distribution Date, the Trustee shall distribute from (i) the
        amounts
        received from the Group 1 Swap Provider pursuant to the Group 1 Interest
        Rate
        Swap Agreement in respect of any related Net Swap Payment and (ii) amounts
        received from the related Cap Counterparties pursuant to the Group 1 Cap
        Contracts, then on deposit in the Group 1 Derivative Account held by the
        Group 1
        Supplemental Interest Trust to the Class 1-A, Class 1-M and Class 1-B
        Certificates in the following order of priority:

      

      (i) concurrently,
        to the Holders of the Class 1-A Certificates, pro rata, based on entitlement,
        in
        an amount equal to any Unpaid Interest Shortfall Amount for such Class or
        Classes, in each case, to the extent not covered by the related Interest
        Remittance Amount and related Net Monthly Excess Cashflow on that Distribution
        Date and solely to the extent the Unpaid Interest Shortfall Amount is as
        a
        result of the interest portion of Realized Losses;

      

      (ii) sequentially,
        to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4,
        Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates,
        in that
        order, in an amount equal to any Unpaid Interest Shortfall Amount for such
        Class
        or Classes, in each case, to the extent not covered by the related Interest
        Remittance Amount and related Net Monthly Excess Cashflow on that Distribution
        Date and solely to the extent the Unpaid Interest Shortfall Amount is as
        a
        result of the interest portion of Realized Losses;

      

      (iii) to
        the
        Holders of the Class 1-A, Class 1-M and Class 1-B Certificates, in an amount
        equal to any related Extra Principal Distribution Amount, in each case, to
        the
        extent not covered by any related or unrelated Net Monthly Excess Cashflow
        on
        that Distribution Date and solely to the extent the payment of the related
        Extra
        Principal Distribution Amount is as a result of current or prior period Realized
        Losses, to be included in the related Principal Distribution Amount for that
        Distribution Date and payable to such Holders as part of the related Principal
        Distribution Amount as described under Sections 4.01(d), (e) and (f) above,
        as
        applicable;

      

      (iv) to
        the
        Group 1 Net WAC Shortfall Reserve Fund, (i) first, to pay related Net WAC
        Shortfall Amounts on the Class 1-A, Class 1-M and Class 1-B Certificates,
        on a
        pro rata basis, based on the aggregate amount of Net WAC Shortfall Amounts
        for
        such Classes of Certificates remaining unpaid, in each case, to the extent
        not
        covered by the related Net Monthly Excess Cashflow on that Distribution Date
        and, in the case of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7
        Certificates, to the extent not previously covered by related amounts from
        the
        Class M Interest Reserve Fund and (ii) second, to maintain a balance in the
        Group 1 Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall
        Reserve Fund Deposit;

      

      
        
           

        

        
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      (v) to
        the
        Holders of the Class 1-A Certificates, pro rata, in an amount equal to any
        Allocated Realized Loss Amount for such Class or Classes, in each case, to
        the
        extent not covered by any related or unrelated Net Monthly Excess Cashflow
        on
        that Distribution Date; and

      

      (vi) sequentially,
        to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4,
        Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates,
        in that
        order, in an amount equal to any Allocated Realized Loss Amount for such
        Class
        or Classes, in each case, to the extent not covered by any related or unrelated
        Net Monthly Excess Cashflow on that Distribution Date.

      

      (o) On
        or
        before each Distribution Date, the Trustee shall distribute from (i) the
        amounts
        received from the Group 2 Swap Provider pursuant to the Group 2 Interest
        Rate
        Swap Agreement in respect of any related Net Swap Payment and (ii) amounts
        received from the related Cap Counterparty pursuant to the Group 2 Cap Contract,
        then on deposit in the Group 2 Derivative Account held by the Group 2
        Supplemental Interest Trust to the Class 2-A Certificates in the following
        order
        of priority:

      

      (i) to
        the
        Holders of the Class 2-A Certificates, in an amount equal to any Unpaid Interest
        Shortfall Amount for such Class, to the extent not covered by the related
        Interest Remittance Amount and related Net Monthly Excess Cashflow on that
        Distribution Date and solely to the extent the Unpaid Interest Shortfall
        Amount
        is as a result of the interest portion of Realized Losses;

      

      (ii) to
        the
        Holders of the Class 2-A Certificates, an amount equal to any related Extra
        Principal Distribution Amount, to the extent not covered by any related and
        unrelated Net Monthly Excess Cashflow on that Distribution Date and solely
        to
        the extent the payment of the related Extra Principal Distribution Amount
        is as
        a result of current or prior period Realized Losses, to be included in the
        related Principal Distribution Amount for that Distribution Date and payable
        to
        such Holders as part of the related Principal Distribution Amount as described
        under Sections 4.01(h), (i) and (j) above, as applicable;

      

      (iii) to
        the
        Group 2 Net WAC Shortfall Reserve Fund, (i) first, to pay related Net WAC
        Shortfall Amounts remaining unpaid on the Class 2-A Certificates to the extent
        not covered by the related Net Monthly Excess Cashflow on that Distribution
        Date, and (ii) second, to maintain a balance in the Group 2 Net WAC Shortfall
        Reserve Fund equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit;
        and

      

      (iv) to
        the
        Holders of the Class 2-A Certificates, in an amount equal to any Allocated
        Realized Loss Amount for such Class, to the extent not covered by any related
        and unrelated Net Monthly Excess Cashflow on that Distribution
        Date.

      

      
        
           

        

        
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      (p) On
        each
        Distribution Date, all amounts representing Prepayment Charges in respect
        of the
        Mortgage Loans received during the related Prepayment Period and identified
        on
        the Mortgage Loan Schedule attached as Exhibit H as belonging to the related
        Class P Certificateholder and any Master Servicer Prepayment Charge Amounts
        paid
        by the Master Servicer during the related Prepayment Period will be withdrawn
        from the Certificate Account and distributed by the Trustee to the Holders
        of
        the Class 1-P Certificates with respect to the Group 1 Loans and Class 2-P
        Certificates with respect to the Group 2 Loans and shall not be available
        for
        distribution to the Holders of any other Class of Certificates. The payment
        of
        the foregoing amounts to the Holders of the Class P Certificates shall not
        reduce the Certificate Principal Balances thereof. On the Distribution Date
        immediately following the expiration of the latest Prepayment Charge as
        identified on the related Mortgage Loan Schedule attached as Exhibit H as
        belonging to the related Class P Certificateholder or any Distribution Date
        thereafter, the Available Funds with respect to each Loan Group remaining
        after
        payment of principal to the related Class A Certificates and Subordinate
        Certificates will be paid to the related Class P Certificates in reduction
        of
        the related Certificate Principal Balance, until reduced to zero. 

      

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

      

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

      

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

      

      
        
           

        

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

      

      Section
        4.02. Statements
        to Certificateholders.

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

      (x) the
        aggregate Certificate Principal Balance of each Class of Regular Certificates
        after giving effect to the amounts distributed on such Distribution Date
        (in the
        case of each Class of the Offered Certificates and Class 1-B Certificates,
        separately identifying any reduction thereof due to the allocation of Realized
        Losses thereto);

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

        
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      (xix) the
        Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount
        in respect of each Class of the Certificates for such Distribution
        Date;

      

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

      

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

      

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

      

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

      

      (xxiv) the
        Insured Amount, if any, paid by the Certificate Insurer under the Certificate
        Guaranty Insurance Policy for such Distribution Date and the aggregate Insured
        Amounts for all prior Distribution Dates paid by the Certificate Insurer
        under
        the Certificate Guaranty Insurance Policy and not yet reimbursed;

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

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

      

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

      

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

      

      
        
           

        

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

      

      
        
           

        

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

      

      Section
        4.04. Distributions
        on the REMIC Regular Interests.

      

      (a) On
        each
        Distribution Date, the Trustee shall cause the following amounts with respect
        to
        Loan Group 1, in the following order of priority, to be distributed by REMIC
        1
        to REMIC 3 on account of the REMIC 1 Regular Interests or withdrawn from
        the
        Certificate Account and distributed to the Holders of the Class R Certificates
        (in respect of the Class R-1 Interest), as the case may be:

      

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

      

      (ii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 1
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition thereof, remaining after the distribution made pursuant to clause
        (i)
        above, first, to the holders of REMIC 1 Regular Interest OC, until the
        Uncertificated Principal Balance thereof is reduced to zero, and second,
        to
        holders of REMIC 1 Regular Interests 1-1-A through 1-84-B, starting with
        the
        lowest numerical denomination, until the Uncertificated Principal Balance
        of
        each such REMIC 1 Regular Interest is reduced to zero, provided that, for
        REMIC
        1 Regular Interests with the same numerical denomination, such payments of
        principal shall be allocated pro
        rata
        between
        such REMIC 1 Regular Interests;

      

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

      

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

      

      
        
           

        

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

      

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

      

      (ii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 2
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition of Available Distribution Amount, remaining after the distribution
        made pursuant to clause (i) above, first, to the holders of REMIC 2 Regular
        Interest OC, until the Uncertificated Principal Balance thereof is reduced
        to
        zero, and second, to holders of REMIC 2 Regular Interests 1-1-A through 1-117-B,
        starting with the lowest numerical denomination, until the Uncertificated
        Principal Balance of each such REMIC 2 Regular Interest is reduced to zero,
        provided that, for REMIC 2 Regular Interests with the same numerical
        denomination, such payments of principal shall be allocated pro
        rata
        between
        such REMIC 2 Regular Interests; 

      

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

      

      (iv) any
        remaining amount to the Holders of the Class R Certificates (in respect of
        the
        Class R-2 Interest).

      

      (c) (1) On
        each
        Distribution Date, the following amounts with respect to Loan Group 1, in
        the
        following order of priority, shall be distributed by REMIC 3 to REMIC 4 on
        account of the REMIC 3 Group 1 Regular Interests or withdrawn from the
        Certificate Account and distributed to the Holders of the Class R Certificates
        (in respect of the Class R-3 Interest), as the case may be:

      

      (i) from
        the
        Available Distribution Amount with respect to Loan Group 1 for such Distribution
        Date, determined without regard to clause (ii)(B) of the definition of Available
        Distribution Amount, to holders of REMIC 3 Regular Interest 1-IO, in an amount
        equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular
        Interest for such Distribution Date, plus (B) any amounts in respect thereof
        remaining unpaid from previous Distribution Dates; 

      

      
        
           

        

        
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      (ii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 1
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition of Available Distribution Amount, remaining after the distribution
        pursuant to clause (i), to holders of each REMIC 3 Group 1 Regular Interest
        (other than REMIC 3 Regular Interest 1-IO), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3
        Regular
        Interest for such Distribution Date, plus (B) any amounts in respect thereof
        remaining unpaid from previous Distribution Dates. Amounts payable as
        Uncertificated Accrued Interest in respect of REMIC 3 Regular Interest 1-ZZ
        and
        REMIC 3 Regular Interest 1-P shall be reduced when the REMIC 3 Group 1
        Overcollateralized Amount is less than the REMIC 3 Group 1 Overcollateralization
        Target Amount, by the lesser of (x) the amount of such difference and (y)
        the
        Group 1 Maximum Uncertificated Accrued Interest Deferral Amount, and such
        amount
        will be payable to holders of each REMIC 3 Group 1 Regular Interest for which
        a
        Class 1-A, Class 1-B or Class 1-M Certificate is the Corresponding Certificate
        in the same proportion as the Extra Principal Distribution Amount with respect
        to Loan Group 1 is allocated to the Corresponding Certificates for each such
        REMIC 3 Group 1 Regular Interest, and the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-ZZ shall be increased by such amount;

      

      (iii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 1
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition thereof, remaining after the distribution pursuant to clauses
        (i) and
        (ii), to holders of REMIC 3 Group 1 Regular Interests (other than REMIC 3
        Regular Interests 1-IO and 1-P ), allocated as follows:

      

      (A) 98.00%
        of
        such remainder to holders of REMIC 3 Regular Interest 1-AA, until the
        Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced
        to
        zero; and

      

      (B) 2.00%
        of
        such remainder, first, to holders of each REMIC 3 Group 1 Regular Interest
        for
        which a Class 1-A, Class 1-B or Class 1-M Certificate is the Corresponding
        Certificate, in an aggregate amount equal to 1% of and in the same proportion
        as
        principal payments are allocated to the Corresponding Certificates for each
        such
        REMIC 3 Group 1 Regular Interest, until the Uncertificated Principal Balances of
        such REMIC 3 Group 1 Regular Interests are reduced to zero; and second, to
        the
        holders of REMIC 3 Regular Interest 1-ZZ, until the Uncertificated Principal
        Balance of such REMIC 3 Regular Interest is reduced to zero; 

      

      (iv) to
        holders of REMIC 3 Regular Interest 1-P, pro
        rata, (A)
        all
        amounts representing Prepayment Charges in respect of the Group 1 Loans
        distributed on REMIC 1 Regular Interest P, and (B) on the Distribution Date
        immediately following the expiration of the latest Prepayment Charge identified
        as belonging to the Class 1-P Certificates on the attached Mortgage Loan
        Schedule or any Distribution Date thereafter, any remaining Available
        Distribution Amount with respect to Loan Group 1 distributed in respect of
        REMIC
        1 Regular Interest P, until an amount equal to the initial Uncertificated
        Principal Balance of such REMIC 3 Regular Interest has been distributed pursuant
        to this clause; and

      

      
        
           

        

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

      

      (2) On
        each
        Distribution Date, the following amounts with respect to Loan Group 2, in
        the
        following order of priority, shall be distributed by REMIC 3 to REMIC 4 on
        account of the REMIC 3 Group 2 Regular Interests or withdrawn from the
        Certificate Account and distributed to the Holders of the Class R-3 Certificates
        (in respect of the Class R-3 Interest), as the case may be:

      

      (i) from
        the
        Available Distribution Amount with respect to Loan Group 2 for such Distribution
        Date, determined without regard to clause (ii)(B) of the definition of Available
        Distribution Amount, to holders of REMIC 3 Regular Interest 2-IO, in an amount
        equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular
        Interest for such Distribution Date, plus (B) any amounts in respect thereof
        remaining unpaid from previous Distribution Dates; 

      

      (ii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 2
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition of Available Distribution Amount, remaining after the distribution
        pursuant to clause (i), to holders of each REMIC 3 Group 2 Regular Interest
        (other than REMIC 3 Regular Interest 2-IO), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3
        Regular
        Interest for such Distribution Date, plus (B) any amounts in respect thereof
        remaining unpaid from previous Distribution Dates. Amounts payable as
        Uncertificated Accrued Interest in respect of REMIC 3 Regular Interests 2-ZZ
        and
        2-P shall be reduced when the REMIC 3 Group 2 Overcollateralized Amount is
        less
        than the REMIC 3 Group 2 Overcollateralization Target Amount, by the lesser
        of
        (x) the amount of such difference and (y) the Group 2 Maximum Uncertificated
        Accrued Interest Deferral Amount, and such amount will be payable to holders
        of
        REMIC 3 Regular Interest 2-A in the same proportion as the Extra Principal
        Distribution Amount with respect to Loan Group 2 is allocated to the
        Corresponding Certificates for such REMIC 3 Regular Interest, and the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-ZZ shall be
        increased by such amount;

      

      (iii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 2
        for
        such Distribution Date, determined without regard to clause (ii)(B) of the
        definition of Available Distribution Amount, remaining after the distributions
        pursuant to clauses (i) and (ii), to holders of REMIC 3 Group 2 Regular
        Interests (other than REMIC 3 Regular Interests 2-IO and 2-P), allocated
        as
        follows:

      

      (A) 98.00%
        of
        such remainder to holders of REMIC 3 Regular Interest 2-AA, until the
        Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced
        to
        zero; and

      

      
        
           

        

        
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      (B) 2.00%
        of
        such remainder, first, to holders of REMIC 3 Regular Interest 2-A, in an
        aggregate amount equal to 1% of and in the same proportion as principal payments
        are allocated to the Corresponding Certificates for such REMIC 3 Regular
        Interest, until the Uncertificated Principal Balance of such REMIC 3 Regular
        Interest is reduced to zero; and second, to the holders of REMIC 3 Regular
        Interest 2-ZZ, until the Uncertificated Principal Balance of such REMIC 3
        Regular Interest is reduced to zero; 

      

      (iv) to
        holders of REMIC 3 Regular Interest 2-P, (A) all amounts representing Prepayment
        Charges in respect of the Group 2 Loans distributed on REMIC 2 Regular Interest
        2-P, and (B) on the Distribution Date immediately following the expiration
        of
        the latest Prepayment Charge identified as belonging to the Class 2-P
        Certificates on the attached Mortgage Loan Schedule or any Distribution Date
        thereafter, any remaining Available Distribution Amount with respect to Loan
        Group 2 distributed in respect of REMIC 2 Regular Interest 2-P, until an
        amount
        equal to the initial Uncertificated Principal Balance of such REMIC 3 Regular
        Interest has been distributed pursuant to this clause; and

      

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

      

      (d) On
        each
        Distribution Date, an amount equal to the amounts distributed pursuant to
        Sections 4.01(l)(ii), (vii) and (xii) on such date shall be deemed distributed
        from REMIC 4 to Holders of the Class 1-C Certificates in respect of the Class
        1-C Distribution Amount.

      

      (d) On
        each
        Distribution Date, an amount equal to the amounts distributed pursuant to
        Sections 4.01(m)(ii), (vi) and (xi) on such date shall be deemed distributed
        from REMIC 4 to Holders of the Class 2-C Certificates in respect of the Class
        2-C Distribution Amount.

      

      (e) On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular
        Interest 1-IO shall be deemed distributed by REMIC 4 in respect of the Class
        1-IO Interest for deposit into the Group 1 Supplemental Interest
        Trust.

      

      (f) On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular
        Interest 2-IO shall be deemed distributed by REMIC 4 in respect of the Class
        2-IO Interest for deposit into the Group 2 Supplemental Interest
        Trust.

      

      Section
        4.05. Allocation
        of Realized Losses.

      

      All
        Realized Losses on the Mortgage Loans shall be allocated by the Trustee on
        each
        Distribution Date as follows: first, to related Net Monthly Excess Cashflow,
        through a distribution of the related Extra Principal Distribution Amount
        for
        that Distribution Date; second, to the unrelated Net Monthly Excess Cashflow;
        third, to the related Overcollateralized Amount by a reduction of the
        Certificate Principal Balance of the related Class C Certificates, until
        the
        Certificate Principal Balance thereof has been reduced to zero; fourth, if
        such
        Realized Loss is on a Group 1 Loan, first, to the Class 1-B Certificates,
        until
        the Certificate Principal Balance thereof has been reduced to zero; second,
        to
        the Class 1-M-8 Certificates, until the Certificate Principal Balance thereof
        has been reduced to zero; third, to the Class 1-M-7 Certificates, until the
        Certificate Principal Balance thereof has been reduced to zero; fourth, to
        the
        Class 1-M-6 Certificates, until the Certificate Principal Balance thereof
        has
        been reduced to zero; fifth, to the Class 1-M-5 Certificates, until the
        Certificate Principal Balance thereof has been reduced to zero; sixth, to
        the
        Class 1-M-4 Certificates, until the Certificate Principal Balance thereof
        has
        been reduced to zero; seventh, to the Class 1-M-3 Certificates, until the
        Certificate Principal Balance thereof has been reduced to zero; eighth, to
        the
        Class 1-M-2 Certificates, until the Certificate Principal Balance thereof
        has
        been reduced to zero; and ninth to the Class 1-M-1 Certificates, until the
        Certificate Principal Balance thereof has been reduced to zero; thereafter,
        any
        Realized Losses on the Group 1 Loans will be allocated on any Distribution
        Date
        to the Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM Certificates,
        pro
        rata, based on the Certificate Principal Balances thereof, in each case in
        reduction of the Certificate Principal Balances thereof, until reduced to
        zero,
        provided that any such Realized Loss otherwise allocable to the Class 1-A1-A,
        Class 1-A1-B and Class 1-A1-C Certificates shall be first allocated to the
        Class
        1-AM Certificates, until reduced to zero, and if such Realized Loss is on
        a
        Group 2 Loan, to the Class 2-A Certificates; provided, however, that any
        Realized Loss applied to the Class 2-A Certificates will be covered by the
        Certificate Guaranty Insurance Policy. 

      

      
        
           

        

        
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      (a) Any
        allocation of Realized Losses to an Offered Certificate or Class 1-B
        Certificates on any Distribution Date shall be made by reducing the Certificate
        Principal Balance thereof by the amount so allocated. Any allocation of Realized
        Losses to Net Monthly Excess Cashflow related to Loan Group 1 shall be made
        by
        reducing the amount otherwise payable in respect of the Class 1-C Certificates
        pursuant to Section 4.01(l)(xii), and any allocation of Realized Losses to
        Group
        1 Overcollateralized Amount shall be made by reducing the Certificate Principal
        Balance of the Class 1-C Certificates by the amount so allocated. Any allocation
        of Realized Losses to Net Monthly Excess Cashflow related to Loan Group 2
        shall
        be made by reducing the amount otherwise payable in respect of the Class
        2-C
        Certificates pursuant to Section 4.01(m)(xi), and any allocation of Realized
        Losses to Group 2 Overcollateralized Amount shall be made by reducing the
        Certificate Principal Balance of the Class 2-C Certificates by the amount
        so
        allocated. No allocations of any Realized Losses shall be made to the
        Certificate Principal Balance of the Class 1-P Certificates and Class 2-P
        Certificates.

      

      (b) All
        Realized Losses on the Group 1 Loans shall be allocated on each Distribution
        Date, first, to REMIC 1 Regular Interest OC until the Uncertificated Principal
        Balance thereof has been reduced to zero, and second, to REMIC 1 Regular
        Interest 1-1-A through REMIC 1 Regular Interest 1-84-B, starting with the
        lowest
        numerical denomination until the Uncertificated Principal Balance of each
        such
        REMIC 1 Regular Interest has been reduced to zero; provided that, for REMIC
        1
        Regular Interests with the same numerical denomination, such Realized Losses
        shall be allocated pro
        rata
        between
        such REMIC 1 Regular Interests.

      

      (c) All
        Realized Losses on the Group 2 Loans shall be allocated on each Distribution
        Date, first, to REMIC 2 Regular Interest OC until the Uncertificated Principal
        Balance thereof has been reduced to zero, and second, to REMIC 2 Regular
        Interest 1-1-A through REMIC 2 Regular Interest 1-117-B, starting with the
        lowest numerical denomination until the Uncertificated Principal Balance
        of each
        such REMIC 2 Regular Interest has been reduced to zero; provided that, for
        REMIC
        2 Regular Interests with the same numerical denomination, such Realized Losses
        shall be allocated pro
        rata
        between
        such REMIC 2 Regular Interests.

      

      
        
           

        

        
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      (d) All
        Realized Losses on the Group 1 Loans shall be allocated by the Trustee on
        each
        Distribution Date to the following REMIC 3 Group 1 Regular Interests in the
        following specified percentages: first, to Uncertificated Accrued Interest
        payable to the REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest
        1-ZZ
        up to an aggregate amount equal to the REMIC 3 Group 1 Interest Loss Allocation
        Amount (without duplication of shortfalls allocated pursuant to Section 1.03),
        98.00% and 2.00%, respectively, and to the extent of any amount equal to
        the
        REMIC 3 Group 1 Interest Loss Allocation Amount remaining after the foregoing
        allocations to REMIC 3 Regular Interests 1-AA and 1-ZZ, to Uncertificated
        Accrued Interest payable to REMIC 3 Regular Interest 1-P to the extent of
        such
        remaining amount; second, to Uncertificated Accrued Interest payable to the
        REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ up to an
        aggregate amount equal to any portion of the REMIC 3 Group 2 Interest Loss
        Allocation Amount remaining after the allocation of Realized Losses on the
        Group
        2 Loans pursuant to clause (e) below (without duplication of shortfalls
        allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and
        to the
        extent of any amount of such portion of the REMIC 3 Group 2 Interest Loss
        Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular
        Interests 2-AA and 2-ZZ, to Uncertificated Accrued Interest payable to REMIC
        3
        Regular Interest 2-P to the extent of such remaining amount; third, to the
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA and REMIC
        3
        Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC 3 Group
        1
        Principal Loss Allocation Amount, 98.00% and 2.00%, respectively; fourth,
        to the
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC
        3
        Regular Interest 1-B and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and
        1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC 3 Regular
        Interest 1-B has been reduced to zero; fifth, to the Uncertificated Principal
        Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-8
        and
        REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until
        the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-8 has been
        reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC
        3
        Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-7 and REMIC 3 Regular
        Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-M-7 has been reduced to zero;
        seventh, to the Uncertificated Principal Balances of REMIC 3 Regular Interest
        1-AA, REMIC 3 Regular Interest 1-M-6 and REMIC 3 Regular Interest 1-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-M-6 has been reduced to zero; eighth, to the
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC
        3
        Regular Interest 1-M-5 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and
        1.00%, respectively, until the Uncertificated Principal Balance of REMIC
        3
        Regular Interest 1-M-5 has been reduced to zero; ninth, to the Uncertificated
        Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest
        1-M-4 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively,
        until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-4
        has
        been reduced to zero; tenth, to the Uncertificated Principal Balances of
        REMIC 3
        Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-3 and REMIC 3 Regular
        Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-M-3 has been reduced to zero;
        eleventh, to the Uncertificated Principal Balances of REMIC 3 Regular Interest
        1-AA, REMIC 3 Regular Interest 1-M-2 and REMIC 3 Regular Interest 1-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-M-2 has been reduced to zero; twelfth, to the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-1 and REMIC
        3
        Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-1 has been
        reduced to zero; and thirteenth, to the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-AA, 98.00%, to the Uncertificated Principal Balances
        of REMIC 3 Regular Interests 1-A1-A, 1-A1-B, 1-A1-C and 1-AM, 1.00% pro rata,
        and to the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-ZZ,
        1.00%, until the Uncertificated Principal Balances of such REMIC 3 Regular
        Interests 1-A1-A, 1-A1-B, 1-A1-C and 1-AM have been reduced to zero, provided
        that any such Realized Losses otherwise allocable to REMIC 3 Regular Interests
        1-A1-A, 1-A1-B and 1-A1-C shall be first allocated to REMIC 3 Regular Interest
        1-AM, until the Uncertificated Principal Balance thereof has been reduced
        to
        zero.

      

      
        
           

        

        
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      (e) All
        Realized Losses on the Group 2 Loans shall be allocated by the Trustee on
        each
        Distribution Date to the following REMIC 3 Group 2 Regular Interests in the
        following specified percentages: first, to Uncertificated Accrued Interest
        payable to the REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest
        2-ZZ
        up to an aggregate amount equal to the REMIC 3 Group 2 Interest Loss Allocation
        Amount (without duplication of shortfalls allocated pursuant to Section 1.03),
        98.00% and 2.00%, respectively, and to the extent of any amount equal to
        the
        REMIC 3 Group 2 Interest Loss Allocation Amount remaining after the foregoing
        allocations to REMIC 3 Regular Interests 2-AA and 2-ZZ, to Uncertificated
        Accrued Interest payable to REMIC 3 Regular Interest 2-P to the extent of
        such
        remaining amount; second, to Uncertificated Accrued Interest payable to the
        REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest 1-ZZ up to an
        aggregate amount equal to any portion of the REMIC 3 Group 1 Interest Loss
        Allocation Amount remaining after the allocation of Realized Losses on the
        Group
        1 Loans pursuant to clause (d) above (without duplication of shortfalls
        allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and
        to the
        extent of any amount of such portion of the REMIC 3 Group 1 Interest Loss
        Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular
        Interests 1-AA and 1-ZZ, to Uncertificated Accrued Interest payable to REMIC
        3
        Regular Interest 1-P to the extent of such remaining amount; third, to the
        Uncertificated Principal Balances of the REMIC 3 Regular Interest 2-AA and
        REMIC
        3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC 3 Group
        2
        Principal Loss Allocation Amount, 98.00% and 2.00%, respectively; and fourth,
        to
        the Uncertificated Principal Balances of REMIC 3 Regular Interest 2-AA, REMIC
        3
        Regular Interest 2-A and REMIC 3 Regular Interest 2-ZZ, 98.00%, 1.00% and
        1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC 3 Regular
        Interest 2-A has been reduced to zero.

      

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

      

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

      

      
        
           

        

        
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      Section
        4.07. Compliance
        with Withholding Requirements.

      

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

      

      Section
        4.08. Group
        1
        Net WAC Shortfall Reserve Fund.

      

      (a) On
        the
        Closing Date, the Trustee shall establish and maintain in its name, in trust
        for
        the benefit of the Class 1-A Certificates, the Subordinate Certificates and
        the
        Class 1-C Certificates, the Group 1 Net WAC Shortfall Reserve Fund. In addition,
        on the Closing Date, the Depositor shall deposit into the Group 1 Net WAC
        Shortfall Reserve Fund an amount equal to the Group 1 Net WAC Shortfall Reserve
        Fund Deposit. The Trustee shall deposit in the Group 1 Net WAC Shortfall
        Reserve
        Fund all payments received from the Group 1 Supplemental Interest Trust that
        are
        payable to the Trust Fund under Section 4.01(n)(iv) from amounts under the
        Group
        1 Interest Rate Swap Agreement and Group 1 Cap Contracts, and on each
        Distribution Date, the Trustee shall remit such amounts received from the
        Group
        1 Supplemental Interest Trust to the Holders of the related Class 1-A
        Certificates and Subordinate Certificates in the manner provided in that
        Section. In addition, on each Distribution Date as to which there is a Group
        1
        Net WAC Shortfall Amount with respect to Loan Group 1 payable to any Class
        of
        Class 1-A Certificates and Subordinate Certificates, the Trustee shall deposit
        the amounts distributable pursuant to clause (vii) of Section 4.01(l) into
        the
        Group 1 Net WAC Shortfall Reserve Fund, and the Trustee has been directed
        by the
        Holders of the Class 1-C Certificates to distribute amounts then on deposit
        in
        the Group 1 Net WAC Shortfall Reserve Fund to the Holders of the Class 1-A
        Certificates and Subordinate Certificates in respect of the Net WAC Shortfall
        Amount with respect to Loan Group 1 in the priority set forth in clause (vii)
        of
        Section 4.01(l). Any amount paid to the Holders of any Class 1-A Certificates
        and Subordinate Certificates pursuant to the preceding sentence in respect
        of
        Net WAC Shortfall Amounts from amounts distributable pursuant to clause (vii)
        of
        Section 4.01(l) shall be treated as distributed to the Holders of the Class
        1-C
        Certificates in respect of the Class 1-C Certificates and paid by such Holders
        to the Holders of such Class 1-A Certificates and Subordinate Certificates.
        Any
        payments to the Holders of the Class 1-A Certificates and Subordinate
        Certificates in respect of Net WAC Shortfall Amounts, whether pursuant to
        the
        second preceding sentence or pursuant to Section 4.01(n)(iv), shall not be
        payments with respect to a Regular Interest in a REMIC within the meaning
        of
        Code Section 860G(a)(1).

      

      (b) The
        Group
        1 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning
        of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust
        Fund but not an asset of any REMIC. The Trustee on behalf of the Trust shall
        be
        the nominal owner of the Group 1 Net WAC Shortfall Reserve Fund. The Holders
        of
        the Class 1-C Certificates shall be the beneficial owners of the Group 1
        Net WAC
        Shortfall Reserve Fund, subject to the power of the Trustee to transfer amounts
        under Section 4.01. Amounts in the Group 1 Net WAC Shortfall Reserve Fund
        shall,
        at the written direction of the Holders of the Class 1-C Certificates, be
        invested in Permitted Investments that mature no later than the Business
        Day
        prior to the next succeeding Distribution Date. In the absence of such written
        direction, all funds in the Group 1 Net WAC Shortfall Reserve Fund shall
        remain
        uninvested. All net income and gain from such investments shall be distributed
        to the Holders of the Class 1-C Certificates, pro rata, not as a distribution
        in
        respect of any interest in any REMIC, on each such Distribution Date. All
        amounts earned on amounts on deposit in the Group 1 Net WAC Shortfall Reserve
        Fund shall be taxable to the Holders of the Class 1-C Certificates. Any losses
        on such investments shall be deposited in the Group 1 Net WAC Shortfall Reserve
        Fund by the Holders of the Class 1-C Certificates, pro rata, out of their
        own
        funds immediately as realized.

      

      
        
           

        

        
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      Section
        4.09. Group
        2
        Net WAC Shortfall Reserve Fund.

      

      (a) On
        the
        Closing Date, the Trustee shall establish and maintain in its name, in trust
        for
        the benefit of the Class 2-A Certificates and the Class 2-C Certificates,
        the
        Group 2 Net WAC Shortfall Reserve Fund. In addition, on the Closing Date,
        the
        Depositor shall deposit into the Group 2 Net WAC Shortfall Reserve Fund an
        amount equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit. The Trustee
        shall deposit in the Group 2 Net WAC Shortfall Reserve Fund all payments
        received from the Group 2 Supplemental Interest Trust that are payable to
        the
        Trust Fund under Section 4.01(o)(iii) from amounts under the Group 2 Interest
        Rate Swap Agreement and Group 2 Cap Contract, and on each Distribution Date,
        the
        Trustee shall remit such amounts received from the Group 2 Supplemental Interest
        Trust to the Holders of the Class 2-A Certificates in the manner provided
        in
        that Section. In addition, on each Distribution Date as to which there is
        a
        Group 2 Net WAC Shortfall Amount with respect to Loan Group 2 payable to
        the
        Class 2-A Certificates, the Trustee shall deposit the amounts distributable
        pursuant to clause (vi) of Section 4.01(m) into the Group 2 Net WAC Shortfall
        Reserve Fund, and the Trustee has been directed by the Holders of the Class
        2-C
        Certificates to distribute amounts then on deposit in the Group 2 Net WAC
        Shortfall Reserve Fund to the Holders of the Class 2-A Certificates in respect
        of the Net WAC Shortfall Amount with respect to Loan Group 2 in the priority
        set
        forth in clause (vi) of Section 4.01(m). Any amount paid to the Holders of
        any
        Class 2-A Certificates pursuant to the preceding sentence in respect of Net
        WAC
        Shortfall Amounts from amounts distributable pursuant to clause (vi) of Section
        4.01(m) shall be treated as distributed to the Holders of the Class 2-C
        Certificates in respect of the Class 2-C Certificates and paid by such Holders
        to the Holders of such Class 2-A Certificates. Any payments to the Holders
        of
        the Class 2-A Certificates in respect of Net WAC Shortfall Amounts, whether
        pursuant to the second preceding sentence or pursuant to Section 4.01(o)(iii),
        shall not be payments with respect to a Regular Interest in a REMIC within
        the
        meaning of Code Section 860G(a)(1).

      

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

      

      
        
           

        

        
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      Section
        4.10. Group
        1
        Supplemental Interest Trust.

      

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

      

      (ii) On
        each
        Distribution Date, the Trustee shall deposit into the Group 1 Derivative
        Account
        amounts distributable to the Group 1 Supplemental Interest Trust pursuant
        to
        Sections 4.01(a) (sixth paragraph) and 4.01(l)(ix) of this Agreement. In
        addition, the Trustee shall deposit into the Group 1 Derivative Account for
        payment to the Group 1 Swap Provider the Group 1 Swap Optional Termination
        Payment (which shall include any related Net Swap Payment payable to the
        Group 1
        Swap Provider) payable under Section 9.01. On each Distribution Date, the
        Trustee shall distribute any such amounts to the Group 1 Swap Provider pursuant
        to the Group 1 Interest Rate Swap Agreement, first to pay any related Net
        Swap
        Payment owed to the Group 1 Swap Provider for such Distribution Date or
        remaining unpaid from prior Distribution Dates, and second to pay any related
        Swap Termination Payment owed to the Group 1 Swap Provider for such Distribution
        Date or remaining unpaid from prior Distribution Dates.

      

      (iii) On
        each
        Distribution Date, the Trustee, as Group 1 Supplemental Interest Trust Trustee,
        shall deposit into the Group 1 Derivative Account amounts received by the
        Group
        1 Supplemental Interest Trust under the Group 1 Interest Rate Swap Agreement
        from the Group 1 Swap Provider and under the Group 1 Cap Contracts from the
        Group 1 Cap Counterparties. On each Distribution Date, the Trustee shall,
        and
        the Trustee has been directed by the Holders of the Class 1-C Certificates
        to,
        distribute from the Group 1 Derivative Account an amount equal to the amount
        of
        any related Net Swap Payment or Swap Termination Payment received from the
        Group
        1 Swap Provider under the Group 1 Interest Rate Swap Agreement and payments
        received from the Group 1 Cap Counterparties under the Group 1 Cap Contracts,
        in
        the following order of priority:

      

      
        
           

        

        
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      (a) first,
        an
        amount equal to the aggregate amount required under Section 4.01(n) to be
        distributed on such Distribution Date, to the related Class 1-A, Class 1-M
        and
        Class 1-B Certificateholders in accordance with Section 4.01(n) of this
        Agreement, and 

      

      (b) second,
        any
        remainder, to the Holder of the Class 1-C Certificates.

      

      (iv) The
        Group
        1 Supplemental Interest Trust constitutes an “outside reserve fund” within the
        meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an asset
        of
        any REMIC. The Holders of the Class 1-C Certificates shall be the beneficial
        owner of the Group 1 Supplemental Interest Trust, subject to the power of
        the
        Trustee to transfer amounts under this Agreement. The Trustee shall keep
        records
        that accurately reflect the funds on deposit in the Group 1 Derivative Account.
        The Trustee shall, at the written direction of the Holders of the Class 1-C
        Certificates, invest amounts on deposit in the Group 1 Supplemental Interest
        Trust in Permitted Investments that mature no later than the Business Day
        prior
        to the next succeeding Distribution Date. In the absence of such written
        direction, all funds in the Group 1 Supplemental Interest Trust shall remain
        uninvested. On each Distribution Date, the Trustee shall distribute not as
        a
        distribution in respect of any interest in any REMIC, any income or gain
        earned
        on the invested assets in the Group 1 Supplemental Interest Trust to the
        Holders
        of the Class 1-C Certificates, on a pro rata basis. All amounts earned on
        amounts on deposit in the Group 1 Supplemental Interest Trust shall be taxable
        to the Holders of the Class 1-C Certificates. Any losses on such investments
        shall be deposited in the Group 1 Supplemental Interest Trust by the Holders
        of
        the Class 1-C Certificates, pro rata, out of their own funds immediately
        as
        realized. 

      

      (v) For
        federal income tax purposes, amounts paid to the Group 1 Supplemental Interest
        Trust on each Distribution Date pursuant to Section 4.01(a) (first and second
        sentences of the sixth paragraph) for payment to the Group 1 Swap Provider
        with
        respect to the Group 1 Interest Rate Swap Agreement shall first be deemed
        to be
        paid to the Group 1 Supplemental Interest Trust in respect of the Class 1-IO
        Interest to the extent of the amount distributable on such Class 1-IO Interest
        on such Distribution Date, and shall then be deemed to be paid to the Group
        1
        Supplemental Interest Trust in respect of a Group 1 Class IO Distribution
        Amount
        as described below. 

      

      (vi) The
        Trustee shall treat the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates as having entered into a notional principal contract with respect
        to the Holders of the Class 1-C Certificates. Pursuant to each such notional
        principal contract, all Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates shall be treated as having agreed to pay, on each Distribution
        Date, to the Holder of the Class 1-C Certificates an aggregate amount equal
        to
        the excess, if any, of (i) the amount payable on such Distribution Date on
        the
        REMIC 4 Regular Interest corresponding to such Class of Certificates over
        (ii)
        the amount payable on such Class of Certificates on such Distribution Date
        (such
        excess, a “Group 1 Class IO Distribution Amount”). A Group 1 Class IO
        Distribution Amount payable from interest collections shall be allocated
        pro
        rata
        among
        such Certificates based on the excess of, with respect to each such Certificate,
        (i) the amount of interest otherwise payable to the REMIC 4 Regular Interest
        relating to such Certificate over (ii) the amount of interest payable to
        such
        Certificate at a per annum rate equal to the related Net WAC Rate, and a
        Group 1
        Class IO Distribution Amount payable from principal collections shall be
        allocated to the most subordinate Class of the Class 1-A, Class 1-M, Class
        1-B
        and Class 1-C Certificates with an outstanding principal balance to the extent
        of such balance. In addition, pursuant to such notional principal contract,
        the
        Holder of the Class 1-C Certificates shall be treated as having agreed to
        pay to
        the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates (a) any
        Net
        WAC Shortfall Amounts with respect to Loan Group 1, in accordance with the
        terms
        of this Agreement, and (b) any other amounts representing the excess, if
        any, of
        the amount of interest payable to such Certificates over the amount of interest
        payable to the REMIC 4 Regular Interest relating to such Certificate, in
        each
        case, on the related Distribution Date, from the amounts deemed distributed
        to
        the Group 1 Supplemental Interest Trust in respect of the Class 1-IO Interest
        in
        accordance with paragraph (v) above. Any payments to the Class 1-A, Class
        1-M,
        Class 1-B and Class 1-C Certificates from amounts deemed received in respect
        of
        this notional principal contract shall not be payments with respect to a
        Regular
        Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code.
        However, any payment from the Class 1-A, Class 1-M and Class 1-B Certificates
        of
        a Group 1 Class IO Distribution Amount shall be treated for tax purposes
        as
        having been received by the Holders of such Certificates in respect of their
        interests in REMIC 4 and as having been paid by such Holders to the Holders
        of
        the Class 1-C Certificates pursuant to the notional principal contract. Thus,
        each Class 1-A, Class 1-M, Class 1-B and Class 1-C Certificate shall be treated
        as representing not only ownership of a Regular Interest in REMIC 4, but
        also
        ownership of an interest in, and obligations with respect to, a notional
        principal contract. 

      

      
        
           

        

        
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      (vii) (a) Upon
        designation of an early termination date with respect to a Group 1 Derivative
        Contract other than in connection with a Group 1 Optional Termination, the
        Trustee, as Group 1 Supplemental Interest Trust Trustee, at the written
        direction of the Depositor will use reasonable efforts to appoint a successor
        derivative counterparty to enter into a new derivative contract on terms
        substantially similar to such Group 1 Derivative Contract with a derivative
        counterparty meeting all applicable eligibility requirements. The Trustee,
        as
        Group 1 Supplemental Interest Trust Trustee will apply any Group 1 Derivative
        Termination Payment received from the original derivative counterparty in
        connection with the early termination of such Group 1 Derivative Contract
        to the
        upfront payment required to appoint the successor derivative
        counterparty.

      

      If
        a
        successor derivative counterparty is not appointed within 30 days of such
        early
        termination, then the Trustee, as Group 1 Supplemental Interest Trust Trustee
        will deposit any Group 1 Derivative Termination Payment received from the
        original derivative counterparty in connection with the early termination
        of
        such Group 1 Derivative Contract into a separate, non-interest bearing reserve
        account and will, on each subsequent Distribution Date, withdraw from the
        amount
        then remaining on deposit in such reserve account an amount equal to the
        payment, if any, that would have been paid to the Group 1 Supplemental Interest
        Trust Trustee by the original derivative counterparty calculated in accordance
        with the terms of the related Group 1 Derivative Contract, and distribute
        such
        amount in accordance with the terms of this Agreement.

      

      (b) In
        the
        event that the derivative counterparty under a Group 1 Derivative Contract
        fails
        to perform any of its obligations under such Group 1 Derivative Contract
        (including, without limitation, its obligation to make any payment or transfer
        collateral), or breaches any of its representations and warranties thereunder,
        or in the event that any Event of Default, Termination Event, or Additional
        Termination Event (each as defined in the related Group 1 Derivative Contract)
        occurs with respect to such Group 1 Derivative Contract, the Trustee, as
        Group 1
        Supplemental Interest Trust Trustee shall, promptly following actual notice
        of
        such failure, breach or event, notify the Depositor and send any notices
        and
        make any demands, on behalf of the Group 1 Supplemental Interest Trust, required
        to enforce the rights of the Group 1 Supplemental Interest Trust under such
        Group 1 Derivative Contract.

      

      
        
           

        

        
          152

          
            

          

        

        
           

        

      

      

      

      In
        the
        event that a derivative counterparty’s obligations are guaranteed by a third
        party under a guaranty relating to a Group 1 Derivative Contract (such guaranty
        a “Group 1 Guaranty” and such third party a “Group 1 Guarantor”), then to the
        extent that derivative counterparty fails to make any payment by the close
        of
        business on the day it is required to make payment under the terms of such
        Group
        1 Derivative Contract, the Trustee, as Group 1 Supplemental Interest Trust
        Trustee shall, promptly following actual notice of derivative counterparty’s
        failure to pay, demand that such Group 1 Guarantor make any and all payments
        then required to be made by such Group 1 Guarantor pursuant to such Group
        1
        Guaranty; provided that Trustee, as Group 1 Supplemental Interest Trust Trustee
        shall in no event be liable for any failure or delay in the performance by
        such
        Group 1 Guarantor of its obligations hereunder or pursuant to such Group
        1
        Derivative Contract and the Group 1 Guaranty, nor for any special, indirect
        or
        consequential loss or damage of any kind whatsoever (including but not limited
        to lost profits) in connection therewith.

      

      Section
        4.11. Group
        2
        Supplemental Interest Trust.

      

      (i) As
        of the
        Closing Date, the Trustee, as Group 2 Supplemental Interest Trust Trustee,
        is
        directed to enter into the Group 2 Interest Rate Swap Agreement and the Group
        2
        Cap Contract and shall establish and maintain in the name of the Group 2
        Supplemental Interest Trust Trustee, the Group 2 Supplemental Interest Trust
        for
        the benefit of the Group 2 Swap Provider and the Holders of the Class 2-A
        Certificates and Class 2-C Certificates. The Group 2 Supplemental Interest
        Trust
        shall hold the Group 2 Interest Rate Swap Agreement, the Class 2-IO Interests,
        the Group 2 Cap Contract and the Group 2 Derivative Account. The Trustee
        shall
        establish an Eligible Account (the “Group 2 Derivative Account”) into which the
        Depositor shall deposit $1,000 on the Closing Date. Funds on deposit in the
        Group 2 Derivative Account shall be held separate and apart from, and shall
        not
        be commingled with, any other moneys, including, without limitation, other
        moneys of the Trustee or held pursuant to this Agreement.

      

      (ii) On
        each
        Distribution Date, the Trustee shall deposit into the Group 2 Derivative
        Account
        amounts distributable to the Group 2 Supplemental Interest Trust pursuant
        to
        Sections 4.01(a) (sixth paragraph) and 4.01(m)(viii) of this Agreement. In
        addition, the Trustee shall deposit into the Group 2 Derivative Account for
        payment to the Group 2 Swap Provider the Group 2 Swap Optional Termination
        Payment (which shall include any related Net Swap Payment payable to the
        Group 2
        Swap Provider) payable under Section 9.01. On each Distribution Date, the
        Trustee shall distribute any such amounts to the Group 2 Swap Provider pursuant
        to the Group 2 Interest Rate Swap Agreement, first to pay any related Net
        Swap
        Payment owed to the Group 2 Swap Provider for such Distribution Date or
        remaining unpaid from prior Distribution Dates, and second to pay any related
        Swap Termination Payment owed to the Group 2 Swap Provider for such Distribution
        Date or remaining unpaid from prior Distribution Dates.

      

      
        
           

        

        
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      (iii) On
        each
        Distribution Date, the Trustee, as Group 2 Supplemental Interest Trust Trustee,
        shall deposit into the Group 2 Derivative Account amounts received by the
        Group
        2 Supplemental Interest Trust under the Group 2 Interest Rate Swap Agreement
        from the Group 2 Swap Provider and under the Group 2 Cap Contract from the
        Group
        2 Cap Counterparty. On each Distribution Date, the Trustee shall, and the
        Trustee has been directed by the Holders of the Class 2-C Certificates to,
        distribute from the Group 2 Derivative Account an amount equal to the amount
        of
        any related Net Swap Payment received from the Group 2 Swap Provider under
        the
        Group 2 Interest Rate Swap Agreement and payment received from the Group
        2 Cap
        Counterparty under the Group 2 Cap Contract, in the following order of
        priority:

      

      (a) first,
        an
        amount equal to the aggregate amount required under Section 4.01(o) to be
        distributed on such Distribution Date, to the Class 2-A Certificateholders
        in
        accordance with Section 4.01(o) of this Agreement, and 

      

      (b) second,
        any
        remainder, to the Holder of the Class 2-C Certificates.

      

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

      

      (v) For
        federal income tax purposes, amounts paid to the Group 2 Supplemental Interest
        Trust on each Distribution Date pursuant to Section 4.01(a) (first and second
        sentences of the sixth paragraph) for payment to the Group 2 Swap Provider
        with
        respect to the Group 2 Interest Rate Swap Agreement shall first be deemed
        to be
        paid to the Group 2 Supplemental Interest Trust in respect of the Class 2-IO
        Interest to the extent of the amount distributable on such Class 2-IO Interest
        on such Distribution Date, and shall then be deemed to be paid to the Group
        2
        Supplemental Interest Trust in respect of a Group 2 Class IO Distribution
        Amount
        as described below.

      

      (vi) The
        Trustee shall treat the Holders of the Class 2-A Certificates as having entered
        into a notional principal contract with respect to the Holders of the Class
        2-C
        Certificates. Pursuant to each such notional principal contract, all Holders
        of
        the Class 2-A Certificates shall be treated as having agreed to pay, on each
        Distribution Date, to the Holder of the Class 2-C Certificates an aggregate
        amount equal to the excess, if any, of (i) the amount payable on such
        Distribution Date on the REMIC 4 Regular Interest corresponding to such Class
        of
        Certificates over (ii) the amount payable on such Class of Certificates on
        such
        Distribution Date (such excess, a “Group 2 Class IO Distribution Amount”). A
        Group 2 Class IO Distribution Amount payable from interest collections shall
        be
        allocated pro
        rata
        among
        such Certificates based on the excess of, with respect to each such Certificate,
        (i) the amount of interest otherwise payable to the REMIC 4 Regular Interest
        relating to such Certificate over (ii) the amount of interest payable to
        such
        Certificate at a per annum rate equal to the related Net WAC Rate, and a
        Group 2
        Class IO Distribution Amount payable from principal collections shall be
        allocated to the most subordinate Class of the Class 2-A Certificates and
        Class
        2-C Certificates with an outstanding principal balance to the extent of such
        balance. In addition, pursuant to such notional principal contract, the Holder
        of the Class 2-C Certificates shall be treated as having agreed to pay to
        the
        Holders of the Class 2-A Certificates (a) any Net WAC Shortfall Amounts with
        respect to Loan Group 2, in accordance with the terms of this Agreement,
        and (b)
        any other amounts representing the excess, if any, of the amount of interest
        payable to such Certificates over the amount of interest payable to the REMIC
        4
        Regular Interest relating to such Certificate, in each case, on the related
        Distribution Date, from the amounts deemed distributed to the Group 2
        Supplemental Interest Trust in respect of the Class 2-IO Interest in accordance
        with paragraph (v) above. Any payments to the Class 2-A Certificates and
        Class
        2-C Certificates from amounts deemed received in respect of this notional
        principal contract shall not be payments with respect to a Regular Interest
        in a
        REMIC within the meaning of Section 860G(a)(1) of the Code. However, any
        payment
        from the Class 2-A Certificates of a Group 2 Class IO Distribution Amount
        shall
        be treated for tax purposes as having been received by the Holders of such
        Certificates in respect of their interests in REMIC 4 and as having been
        paid by
        such Holders to the Holders of the Class 2-C Certificates pursuant to the
        notional principal contract. Thus, each Class 2-A Certificate and Class 2-C
        Certificate shall be treated as representing not only ownership of a Regular
        Interest in REMIC 4, but also ownership of an interest in, and obligations
        with
        respect to, a notional principal contract.

      

      
        
           

        

        
          154

          
            

          

        

        
           

        

      

      

      

      (vii) (a) Upon
        designation of an early termination date with respect to a Group 2 Derivative
        Contract other than in connection with a Group 2 Optional Termination, the
        Trustee, as Group 2 Supplemental Interest Trust Trustee, at the written
        direction of the Depositor or the Certificate Insurer will use reasonable
        efforts to appoint a successor derivative counterparty to enter into a new
        derivative contract on terms substantially similar to such Group 2 Derivative
        Contract with a derivative counterparty meeting all applicable eligibility
        requirements. The Trustee, as Group 2 Supplemental Interest Trust Trustee
        will
        apply any Group 2 Derivative Termination Payment received from the original
        derivative counterparty in connection with the early termination of such
        Group 2
        Derivative Contract to the upfront payment required to appoint the successor
        derivative counterparty.

      

      If
        a
        successor derivative counterparty is not appointed within 30 days of such
        early
        termination, then the Trustee, as Group 2 Supplemental Interest Trust Trustee
        will deposit any Group 2 Derivative Termination Payment received from the
        original derivative counterparty in connection with the early termination
        of
        such Group 2 Derivative Contract into a separate, non-interest bearing reserve
        account and will, on each subsequent Distribution Date, withdraw from the
        amount
        then remaining on deposit in such reserve account an amount equal to the
        payment, if any, that would have been paid to the Group 2 Supplemental Interest
        Trust Trustee by the original derivative counterparty calculated in accordance
        with the terms of the related Group 2 Derivative Contract, and distribute
        such
        amount in accordance with the terms of this Agreement.

      

      
        
           

        

        
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      (b) In
        the
        event that the derivative counterparty under a Group 2 Derivative Contract
        fails
        to perform any of its obligations under such Group 2 Derivative Contract
        (including, without limitation, its obligation to make any payment or transfer
        collateral), or breaches any of its representations and warranties thereunder,
        or in the event that any Event of Default, Termination Event, or Additional
        Termination Event (each as defined in the related Group 2 Derivative Contract)
        occurs with respect to such Group 2 Derivative Contract, the Trustee, as
        Group 2
        Supplemental Interest Trust Trustee shall, promptly following actual notice
        of
        such failure, breach or event, notify the Depositor and send any notices
        and
        make any demands, on behalf of the Group 2 Supplemental Interest Trust, required
        to enforce the rights of the Group 2 Supplemental Interest Trust under such
        Group 2 Derivative Contract.

      

      In
        the
        event that a derivative counterparty’s obligations are guaranteed by a third
        party under a guaranty relating to a Group 2 Derivative Contract (such guaranty
        a “Group 2 Guaranty” and such third party a “Group 2 Guarantor”), then to the
        extent that derivative counterparty fails to make any payment by the close
        of
        business on the day it is required to make payment under the terms of such
        Group
        2 Derivative Contract, the Trustee, as Group 2 Supplemental Interest Trust
        Trustee shall, promptly following actual notice of derivative counterparty’s
        failure to pay, demand that such Group 2 Guarantor make any and all payments
        then required to be made by such Group 2 Guarantor pursuant to such Group
        2
        Guaranty; provided that Trustee, as Group 2 Supplemental Interest Trust Trustee
        shall in no event be liable for any failure or delay in the performance by
        such
        Group 2 Guarantor of its obligations hereunder or pursuant to such Group
        2
        Derivative Contract and the Group 2 Guaranty, nor for any special, indirect
        or
        consequential loss or damage of any kind whatsoever (including but not limited
        to lost profits) in connection therewith.

      

      Section
        4.12. Tax
        Treatment of Class IO Distribution Amounts in the Event of Resecuritization
        of
        Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificates.

      

      In
        the
        event that any Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificate is
        resecuritized in a REMIC (the “Resecuritization REMIC”), for federal income tax
        purposes, (i) payments on the REMIC 4 Regular Interest corresponding to such
        Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificate shall, for the
        avoidance of doubt, be deemed to include the related Class IO Distribution
        Amount, and (ii) to the extent provided in the operative documents for the
        Resecuritization REMIC, (a) payments on the “regular interests” issued by the
        Resecuritization REMIC shall be deemed to include in the aggregate such Class
        IO
        Distribution Amount, and (b) such Class IO Distribution Amount shall be deemed
        paid to the Holder of the related Class C Certificates pursuant to a notional
        principal contract entered into by the holders of one or more “regular
        interests” issued by the Resecuritization REMIC (“Resecuritization Holders”) and
        the Holder of the related Class C Certificates. In such event, Class IO
        Distribution Amounts deemed paid by Resecuritization Holders under clause
        (b) of
        the immediately preceding sentence shall be paid on behalf of such holders
        pursuant to Section 4.10(ii) and Section 4.11(ii) hereof, as
        applicable.

      

      
        
           

        

        
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      Section
        4.13. The
        Certificate Guaranty Insurance Policy

      

      (i) If
        the
        Trustee determines that an Insured Amount to be covered by the Certificate
        Guaranty Insurance Policy will exist for the related Distribution Date, the
        Trustee shall complete the notice in the form of Exhibit A to the Certificate
        Guaranty Insurance Policy (the “Notice”) and submit such Notice in accordance
        with the Certificate Guaranty Insurance Policy to the Certificate Insurer
        no
        later than 12:00 P.M., New York City time, on the second Business Day
        immediately preceding such Distribution Date, as a claim for the amount of
        such
        Insured Amount.

      

      (ii) The
        Trustee shall establish and maintain the Insurance Account on behalf of the
        Holders of the Class 1-AM Certificates and Class 2-A Certificates over which
        the
        Trustee shall have the exclusive control and sole right of withdrawal. Upon
        receipt of an Insured Amount from the Certificate Insurer on behalf of the
        Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the
        case
        may be, the Trustee shall deposit such Insured Amount in the Insurance Account
        and distribute such amount only for purposes of payment to the Class 1-AM
        Certificates or Class 2-A Certificates, as the case may be, of the Insured
        Amount for which a claim was made. Any such Insured Amount may not be applied
        to
        satisfy any costs, expenses or liabilities of the Seller, the Depositor,
        the
        Trustee or the Trust Fund or to pay any other Class of Certificates. Amounts
        paid under the Certificate Guaranty Insurance Policy, to the extent needed
        to
        pay the Insured Amount, shall be disbursed by the Trustee to the Holders
        of the
        Class 1-AM Certificates or Class 2-A Certificates, as the case may be. It
        shall
        not be necessary for such payments to be made by checks or wire transfers
        separate from the checks or wire transfers used to pay other distributions
        to
        the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as
        the
        case may be, with other funds available to make such payment. However, the
        amount of any payment of principal or of interest on the Class 1-AM Certificates
        or Class 2-A Certificates, as the case may be, to be paid from funds transferred
        from the Insurance Account shall be noted as provided in paragraph (d) below
        and
        in the statement to be furnished to Holders of the Class 1-AM Certificates
        or
        Class 2-A Certificates, as the case may be, pursuant to Section 4.02. Funds
        held
        in the Insurance Account shall not be invested. Any funds remaining in the
        Insurance Account on the first Business Day following the later of (i) the
        related Distribution Date or (ii) the date received by the Trustee, shall
        be
        returned to the Certificate Insurer pursuant to the written instructions
        of the
        Certificate Insurer by the end of such Business Day.

      

      (iii) The
        Trustee shall keep a complete and accurate record of the amount of interest
        and
        principal paid in respect of the Class 1-AM Certificates or Class 2-A
        Certificates, as the case may be, from moneys received under the Certificate
        Guaranty Insurance Policy. The Certificate Insurer shall have the right to
        inspect such records at reasonable times during normal business hours upon
        one
        Business Day’s prior notice to the Trustee.

      

      (iv) In
        the
        event that the Trustee has received a certified copy of an order of the
        appropriate court that any Insured Amount has been voided in whole or in
        part as
        a preference payment under applicable bankruptcy law, the Trustee shall so
        notify the Certificate Insurer, shall comply with the provisions of the
        Certificate Guaranty Insurance Policy to obtain payment by the Certificate
        Insurer of such Preference Amount in the amount of such voided Insured Amount,
        and shall, at the time it provides notice to the Certificate Insurer, notify,
        by
        mail the Holders of the Class 1-AM Certificates or Class 2-A Certificates,
        as
        the case may be, that, in the event any Holder’s Insured Amount is so recovered,
        such Holder of a Class 1-AM Certificate or Class 2-A Certificate, as the
        case
        may be, will be entitled to payment pursuant to the Certificate Guaranty
        Insurance Policy, a copy of which shall be made available through the Trustee
        or
        the Certificate Insurer, and the Trustee shall furnish to the Certificate
        Insurer, its records evidencing the payments which have been made by the
        Trustee
        and subsequently recovered from the Holders of the Class 1-AM Certificates
        or
        Class 2-A Certificates, as the case may be, and dates on which such payments
        were made.

      

      
        
           

        

        
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      (v) The
        Trustee shall promptly notify the Certificate Insurer of any proceeding or
        the
        institution of any action, of which a Responsible Officer of the Trustee
        has
        actual knowledge, seeking the avoidance as a preferential transfer under
        applicable bankruptcy, insolvency, receivership or similar law (a “Preference
        Claim”) of any distribution made with respect to the Class 1-AM Certificates or
        Class 2-A Certificates, as the case may be. Each Holder of a Class 1-AM
        Certificate or Class 2-A Certificate, by its purchase of such Class 1-AM
        Certificate or Class 2-A Certificate, the Depositor and the Trustee agree
        that
        the Certificate Insurer (so long as no Certificate Insurer Default exists)
        may
        at any time during the continuation of any proceeding relating to a Preference
        Claim direct all matters relating to such Preference Claim, including, without
        limitation, (i) the direction of any appeal of any order relating to such
        Preference Claim and (ii) the posting of any surety or performance bond pending
        any such appeal. In addition and without limitation of the foregoing, the
        Certificate Insurer shall be subrogated to, and each Holder of a Class 1-AM
        Certificate and a Class 2-A Certificate and the Trustee hereby delegates
        and
        assigns to the Certificate Insurer, to the fullest extent permitted by law,
        the
        rights of the Trustee and each Holder of a Class 1-AM Certificate and a Class
        2-A Certificate in the conduct of any such Preference Claim, including, without
        limitation, all rights of any party to any adversary proceeding or action
        with
        respect to any court order issued in connection with any such Preference
        Claim.

      

      (vi) The
        Trustee shall, upon retirement of the Class 1-AM Certificates and Class 2-A
        Certificates, furnish to the Certificate Insurer a notice of such retirement,
        and, upon retirement of the Class 1-AM Certificates and Class 2-A Certificates
        and the expiration of the term of the Certificate Guaranty Insurance Policy,
        surrender the Certificate Guaranty Insurance Policy to the Certificate Insurer
        for cancellation.

      

      (vii) The
        Trustee will hold the Certificate Guaranty Insurance Policy in trust as agent
        for the Holders of the Class 1-AM Certificates and Class 2-A Certificates
        for
        the purpose of making claims thereon and distributing the proceeds thereof.
        Neither the Certificate Guaranty Insurance Policy nor the amounts paid on
        the
        Certificate Guaranty Insurance Policy will constitute part of the Trust Fund
        created by this Agreement. Each Holder of the Class 1-AM Certificates and
        Class
        2-A Certificates, by accepting its Class 1-AM Certificates and Class 2-A
        Certificates, respectively, appoints the Trustee as attorney in fact for
        the
        purpose of making claims on the Certificate Guaranty Insurance
        Policy.

      

      (viii) Anything
        herein to the contrary notwithstanding, any payment with respect to principal
        of or interest on the Class 1-AM Certificates or Class 2-A Certificates, as
        the case may be, which is made with moneys received pursuant to the terms of
        the Certificate Guaranty Insurance Policy shall not be considered payment of
        the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, from
        the Trust Fund. The Depositor and the Trustee acknowledge, and each Holder by
        its acceptance of a Class 1-AM Certificate or a Class 2-A Certificate agrees,
        that without the need for any further action on the part of the Certificate Insurer,
        the Depositor or the Trustee (a) to the extent the Certificate Insurer makes
        payments, directly or indirectly, on account of principal or interest
        on the Class 1-AM Certificates or Class 2-A Certificates to the Holders of such
        Class 1-AM Certificates or Class 2-A Certificates, the Certificate Insurer will
        be fully subrogated to, and the Trustee and each Holder of a Class 1-AM Certificate or a Class
        2-A Certificate, as the case may be, hereby delegate and assign
        to the Certificate Insurer, to the fullest extent permitted by law, the rights
        of such Holders to receive such principal and interest from the Trust Fund,
        including, without limitation, any amounts due to the Holders of the Class
        1-AM Certificates or Class 2-A Certificates, as the case may be, in respect of
        securities law violations arising from the offer and sale of the Class 1-AM
        Certificates or Class 2-A Certificates, as the case may be, and (b) the
        Certificate Insurer shall be paid such amounts from the sources and in the
        manner provided herein for the payment of such amounts and as provided in
        this Agreement. The Trustee shall cooperate in all respects with any reasonable
        request by the Certificate Insurer for action to preserve or enforce the
        Certificate Insurer’s rights or interests under this Agreement without limiting
        the rights or affecting the interests of the Holders as otherwise set forth
        herein.

      

      
        
           

        

        
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      (ix) By
        accepting its Class 1-AM Certificate or Class 2-A Certificate, each Holder
        of a
        Class 1-AM Certificate or Class 2-A Certificate agrees that, unless a
        Certificate Insurer Default exists, the Certificate Insurer shall be deemed
        to
        be the Holder of the Class 1-AM Certificate or Class 2-A Certificate for
        all
        purposes (other than with respect to the receipt of payment on the Class
        1-AM
        Certificates and Class 2-A Certificates) and shall have the right to exercise
        all rights (including, without limitation, voting rights) of the Holders
        of the
        Class 1-AM Certificates and Class 2-A Certificates under this Agreement without
        any further consent of the Holders of the Class 1-AM Certificates and Class
        2-A
        Certificates. All notices, statement reports, certificates or opinions required
        by this Agreement to be sent to any Holders of Class 1-AM Certificates and
        Class
        2-A Certificates shall also be sent to the Certificate Insurer.

      

      Section
        4.14. Collateral
        Accounts 

      

      (i) The
        Trustee, as Group 1 Supplemental Interest Trust Trustee is hereby directed
        to
        perform the obligations of the Custodian as defined under the Group 1 Credit
        Support Annexes (“Group 1 Custodian”). 

      

      The
        Group
        1 Custodian shall establish Group 1 Collateral Account. The Group 1 Collateral
        Account shall be held in the name of the Group 1 Custodian in trust for the
        benefit of the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates.
        The Group 1 Collateral Account must be an Eligible Account segregated from
        the
        Certificate Account and any other moneys of the Trustee held pursuant to
        this
        Agreement and shall be entitled “Impac Secured Assets Corp., Mortgage
        Pass-Through Certificates, Series 2007-2, Group 1 Collateral Account, Group
        1
        Supplemental Interest Trust Trustee, as Group 1 Custodian for the benefit
        of
        holders of the Class 1-A, Class 1-M and Class 1-B Certificates.” 

      

      The
        Group
        1 Custodian shall credit to the Group 1 Collateral Account all collateral
        (whether in the form of cash or securities) posted by Bank of America, N.A.
        to
        secure the obligations of Bank of America, N.A. in accordance with the terms
        of
        the related Group 1 Credit Support Annex. The Group 1 Custodian shall maintain
        and apply all collateral and earnings thereon on deposit in the Group 1
        Collateral Account in accordance with the related Group 1 Credit Support
        Annex.

      

      
        
           

        

        
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      Cash
        collateral posted by Bank of America, N.A. in accordance with the related
        Group
        1 Credit Support Annex shall be invested at the written direction of Bank
        of
        America, N.A. in Permitted Investments in accordance with the requirements
        of
        the related Group 1 Credit Support Annex. All amounts earned on amounts on
        deposit in the Group 1 Collateral Account (whether cash collateral or
        securities) shall be for the account of and taxable to Bank of America, N.A.
        The
        Trustee shall not be liable for the selection of investments or investment
        losses incurred thereon.

      

      Upon
        the
        occurrence of an Event of Default or Specified Condition (each as defined
        in the
        Group 1 Schedule) with respect to Bank of America, N.A. or upon occurrence
        or
        designation of an Early Termination Date (as defined in the Group 1 Schedule)
        as
        a result of any such Event of Default or Specified Condition with respect
        to
        Bank of America, N.A., and, in either such case, unless Bank of America,
        N.A.
        has paid in full all of its Obligations (as defined in the related Group
        1
        Credit Support Annex) that are then due, then any collateral posted by Bank
        of
        America, N.A. in accordance with the related Group 1 Credit Support Annex,
        shall
        be applied by the Group 1 Custodian to the payment of any Obligations due
        to
        Party B (as defined in the related Group 1 Credit Support Annex) in accordance
        with the related Group 1 Credit Support Annex. Any excess collateral posted
        by
        Bank of America, N.A. in accordance with the related Group 1 Credit Support
        Annex and remaining after payment of all amounts owing to Party B shall be
        withdrawn from the Group 1 Collateral Account and paid to Bank of America,
        N.A.
        in accordance with the related Group 1 Credit Support Annex. 

      

      (ii) The
        Trustee, as Group 2 Supplemental Interest Trust Trustee is hereby directed
        to
        perform the obligations of the Custodian as defined under Group 2 Credit
        Support
        Annexes (“Group 2 Custodian”). 

      

      The
        Group
        2 Custodian shall establish the Group 2 Collateral Account. The Group 2
        Collateral Account shall be held in the name of the Group 2 Custodian in
        trust
        for the benefit of the Holders of the Class 2-A Certificates. The Group 2
        Collateral Account must be an Eligible Account segregated from the Certificate
        Account and any other moneys of the Trustee held pursuant to this Agreement
        and
        shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through
        Certificates, Series 2007-2, Group 2 Collateral Account, Group 2 Supplemental
        Interest Trust Trustee, as Group 2 Custodian for the benefit of holders of
        the
        Class 2-A Certificates.” 

      

      The
        Group
        2 Custodian shall credit to the Group 2 Collateral Account all collateral
        (whether in the form of cash or securities) posted by Bank of America, N.A.
        to
        secure the obligations of Bank of America, N.A. in accordance with the terms
        of
        the related Group 2 Credit Support Annex. The Group 2 Custodian shall maintain
        and apply all collateral and earnings thereon on deposit in the Group 2
        Collateral Account in accordance with the related Group 2 Credit Support
        Annex.

      

      Cash
        collateral posted by Bank of America, N.A. in accordance with the related
        Group
        2 Credit Support Annex shall be invested at the written direction of Bank
        of
        America, N.A. in Permitted Investments in accordance with the requirements
        of
        the related Group 2 Credit Support Annex. All amounts earned on amounts on
        deposit in the Group 2 Collateral Account (whether cash collateral or
        securities) shall be for the account of and taxable to Bank of America, N.A.
        The
        Trustee shall not be liable for the selection of investments or investment
        losses incurred thereon.

      

      
        
           

        

        
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      Upon
        the
        occurrence of an Event of Default or Specified Condition (each as defined
        in the
        Group 2 Schedule) with respect to Bank of America, N.A. or upon occurrence
        or
        designation of an Early Termination Date (as defined in the Group 2 Schedule)
        as
        a result of any such Event of Default or Specified Condition with respect
        to
        Bank of America, N.A., and, in either such case, unless Bank of America,
        N.A.
        has paid in full all of its Obligations (as defined in the related Group
        2
        Credit Support Annex) that are then due, then any collateral posted by Bank
        of
        America, N.A. in accordance with the related Group 2 Credit Support Annex,
        shall
        be applied by the Group 2 Custodian to the payment of any Obligations due
        to
        Party B (as defined in the related Group 2 Credit Support Annex) in accordance
        with the related Group 2 Credit Support Annex. Any excess collateral posted
        by
        Bank of America, N.A. in accordance with the related Group 2 Credit Support
        Annex and remaining after payment of all amounts owing to Party B shall be
        withdrawn from the Group 2 Collateral Account and paid to Bank of America,
        N.A.
        in accordance with the related Group 2 Credit Support Annex. 

      

      Section
        4.15. Class
        M
        Interest Reserve Fund.

      

      (a) The
        Trustee shall establish and maintain in its name, in trust for the benefit
        of
        Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, the Class
        M
        Interest Reserve Fund, which shall be a segregated non-interest bearing trust
        account. On the Closing Date, the Depositor shall deposit into the Class
        M
        Interest Reserve Fund an amount equal to the sum of the Class 1-M-4 Interest
        Reserve Fund Amount, the Class 1-M-5 Interest Reserve Fund Amount, the Class
        1-M-6 Interest Reserve Fund Amount and the Class 1-M-7 Interest Reserve Fund
        Amount. The Depositor will have no obligation to contribute additional amounts
        to the Class M Interest Reserve Fund after the Closing Date. The Class M
        Interest Reserve Fund will not receive any amounts from any Net Monthly Excess
        Cashflow.

      

      On
        each
        Distribution Date as to which there is a Net WAC Shortfall Amount payable
        to any
        of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates,
        the
        Trustee shall withdraw an amount equal to such Net WAC Shortfall Amount
        (provided, however, that such amount shall not exceed the related Interest
        Reserve Fund Amount) and distribute such amounts to the Holders of the Class
        1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates in respect of
        any
        Net WAC Shortfall Amount for such class(es) in accordance with the fourth
        paragraph of Section 4.01(a). Any amount paid to the Holders of any Class
        1-M-4,
        Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates pursuant to the preceding
        sentence in respect of Net WAC Shortfall Amounts shall not be a payment with
        respect to a Regular Interest in a REMIC within the meaning of Section
        860G(a)(1) of the Code. The Trustee shall not be liable for the selection
        of
        investments or investment losses incurred thereon.

      

      
        
           

        

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

      

      
        
           

        

        
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      ARTICLE
        V

      

      THE
        CERTIFICATES

      

      Section
        5.01. The
        Certificates.

      

      (a) The
        Certificates will be substantially in the respective forms annexed hereto
        as
        Exhibits A and B-1 through B-4. The Certificates will be issuable in registered
        form only. The Certificates (other than the Class P, Class C and Class R
        Certificates) will be issued in minimum denominations of $25,000 Initial
        Certificate Principal Balance and integral multiples of $1 in excess thereof.
        The Class C Certificates will be issued in minimum denominations of $1.00
        Initial Notional Amount and integral multiples of $1.00 in excess thereof.
        The
        Class P Certificates and the Class R Certificates will each be issuable in
        minimum denominations of any Percentage Interest representing 10.00% and
        multiples of 0.01% in excess thereof.

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

      Section
        5.02. Registration
        of Transfer and Exchange of Certificates.

      

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

      

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

      

      
        
           

        

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

      

      
        
           

        

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

      

      (c) Notwithstanding
        the requirements of Section 5.02(b), transfers of Class 1-P, Class 2-P, Class
        1-C, Class 2-C and Class R Certificates may be made in accordance with this
        Section 5.02(c) if the prospective transferee of a Certificate provides the
        Trustee and the Depositor with an investment letter substantially in the
        form of
        Exhibit G-3 attached hereto, which investment letter shall not be an expense
        of
        the Trustee, the Depositor or the Master Servicer, and which investment letter
        states that, among other things, such transferee is a “qualified institutional
        buyer” as defined under Rule 144A. Such transfers shall be deemed to have
        complied with the requirements of Section 5.02(b) hereof; provided,
        however,
        that no
        Transfer of any of the Class 1-P, Class 2-P, Class 1-C, Class 2-C and Class
        R
        Certificates may be made pursuant to this Section 5.02(c) by the Depositor.
        Any
        such Certificateholder desiring to effect such transfer shall, and does hereby
        agree to, indemnify the Trustee, the Depositor and the Master Servicer against
        any liability that may result if the transfer is not so exempt or is not
        made in
        accordance with such applicable federal and state laws.

      

      The
        Trustee shall require an Opinion of Counsel, on which the Trustee, Depositor
        and
        Master Servicer may rely, from a prospective transferee prior to the transfer
        of
        any Class 1-P, Class 2-P, Class 1-C, Class 2-C and Class R Certificate to
        any
        employee benefit plan or other retirement arrangement, including individual
        retirement accounts and Keogh plans, that is subject to the Employee Retirement
        Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code
        (any of the foregoing, a “Plan”), to a trustee or other Person acting on behalf
        of any Plan, or to any other person who is using “plan assets” of any Plan to
        effect such acquisition (including any insurance company using funds in its
        general or separate accounts that may constitute “plan assets”). Such Opinion of
        Counsel must establish to the satisfaction of the Trustee that such transfer
        is
        permissible under applicable law, will not constitute or result in a prohibited
        transaction under Section 406 of ERISA and Section 4975 of the Code, and
        will
        not subject the Trustee, the Master Servicer or the Depositor to any obligation
        in addition to those undertaken in this Agreement. Neither the Depositor,
        the
        Master Servicer nor the Trustee, will be required to obtain such Opinion
        of
        Counsel on behalf of any prospective transferee.

      

      
        
           

        

        
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      Prior
        to
        the termination of a Supplemental Interest Trust, each beneficial owner of
        a
        related Offered Certificate (or a Class 1-B Certificate, if related) or any
        interest therein, shall be deemed to have represented, by virtue of its
        acquisition or holding of such Certificate, or interest therein, that either
        (i)
        it is not a Plan or (ii) (A) it is an accredited investor within the meaning
        of
        Prohibited Transaction Exemption 2007-05 (the “Exemption”) and (B) the
        acquisition and holding of such Certificate and the separate right to receive
        payments from the Supplemental Interest Trust are eligible for the exemptive
        relief available under one of Prohibited Transaction Class Exemption (“PTCE”)
        84-14, 91-38, 95-60, 90-1 or 96-23.

      

      Each
        beneficial owner of a Subordinate Certificate or any interest therein which
        is
        acquired subsequent to the termination of the related Supplemental Interest
        Trust shall be deemed to have represented, by virtue of its acquisition or
        holding of that Certificate or interest therein, that either (i) it is not
        a
        Plan or a trustee or other Person acting on behalf of a Plan or using “plan
        assets” of a Plan to effect such acquisition (including any insurance company
        using funds in its general or separate accounts that may constitute “plan
        assets”), (ii) it has acquired and is holding such Certificate in reliance on
        the Exemption, it understands that there are certain conditions to the
        availability of the Exemption, including that the Certificate must be rated,
        at
        the time of purchase, not lower than “BBB-” (or its equivalent) by Standard
& Poor’s, Fitch Ratings, Inc. or Moody’s, and the Certificate is so rated,
        and, in the case of a Class 1-B Certificate, it is an accredited investor
        as
        defined in Rule 501(a)(1) of Regulation D under the Act or (iii) (1) it is
        an
        insurance company, (2) the source of funds used to acquire or hold the
        Certificate or interest therein is an “insurance company general account,” as
        such term is defined in PTCE 95-60, and (3) the conditions in Sections I
        and III
        of PTCE 95-60 have been satisfied.

      

      (d) [Reserved]

      

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

      

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

      

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

      

      
        
           

        

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

      

      (D) Each
        Person holding or acquiring any Ownership Interest in a Class R Certificate
        shall agree (x) to require a Transferee Affidavit and Agreement from any
        other
        Person to whom such Person attempts to transfer its Ownership Interest in
        a
        Class R Certificate and (y) not to transfer its Ownership Interest unless
        it
        provides a Transferor Affidavit to the Trustee.

      

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

      

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

      

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

      

      
        
           

        

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

      

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

      

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

      

      
        
           

        

        
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      (h) At
        the
        option of the Certificateholders, Certificates may be exchanged for other
        Certificates of authorized denominations of the same Class of a like aggregate
        Percentage Interest, upon surrender of the Certificates to be exchanged at
        the
        office of the Trustee. Whenever any Certificates are so surrendered for exchange
        the Trustee shall execute, authenticate and deliver the Certificates which
        the
        Certificateholder making the exchange is entitled to receive. Every Certificate
        presented or surrendered for transfer or exchange shall (if so required by
        the
        Trustee) be duly endorsed by, or be accompanied by a written instrument of
        transfer in the form satisfactory to the Trustee duly executed by, the Holder
        thereof or his attorney duly authorized in writing. In addition, with respect
        to
        each Class R Certificate, the Holder thereof may exchange, in the manner
        described above, such Class R Certificate for four separate Certificates,
        each
        representing such Holder's respective Percentage Interest in the Class R-1
        Interest, the Class R-2 Interest, the Class R-3 Interest and Class R-4 Interest,
        respectively, in each case that was evidenced by the Class R Certificate
        being
        exchanged.

      

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

      

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

      

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

      

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

      

      Section
        5.04. Persons
        Deemed Owners.

      

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

      

      
        
           

        

        
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      Section
        5.05. Rule
        144A
        Information.

      

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

      

      
        
           

        

        
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      ARTICLE
        VI

      

      THE
        DEPOSITOR AND THE MASTER SERVICER

      

      Section
        6.01. Liability
        of the Depositor and the Master Servicer.

      

      The
        Depositor and the Master Servicer each shall be liable in accordance herewith
        only to the extent of the obligations specifically imposed upon and undertaken
        by the Depositor and the Master Servicer herein. Only the Master Servicer,
        any
        successor Master Servicer or the Trustee acting as Master Servicer shall
        be
        liable with respect to the servicing of the Mortgage Loans and the REO Property
        for actions taken by any such Person in contravention of the Master Servicer's
        duties hereunder.

      

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

      

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

      

      Any
        Person into which the Depositor or the Master Servicer may be merged,
        consolidated or converted, or any corporation resulting from any merger or
        consolidation to which the Depositor or the Master Servicer shall be a party,
        or
        any Person succeeding to the business of the Depositor or the Master Servicer,
        shall be the successor of the Depositor or the Master Servicer, as the case
        may
        be, hereunder, without the execution or filing of any paper or any further
        act
        on the part of any of the parties hereto, anything herein to the contrary
        notwithstanding; provided, however, that the successor or surviving Person
        to
        the Master Servicer shall be qualified to sell mortgage loans to and service
        mortgage loans for Fannie Mae or Freddie Mac.

      

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

      

      Neither
        the Depositor, the Master Servicer nor any of the directors, officers, employees
        or agents of the Depositor or the Master Servicer shall be under any liability
        to the Trust Fund or the Certificateholders for any action taken or for
        refraining from the taking of any action in good faith pursuant to this
        Agreement, or for errors in judgment; provided, however, that this provision
        shall not protect the Depositor or the Master Servicer (but this provision
        shall
        protect the above described persons) against any breach of warranties or
        representations made herein, or against any specific liability imposed on
        the
        Master Servicer pursuant to Section 3.01 or any other Section hereof; and
        provided further that this provision shall not protect the Depositor, the
        Master
        Servicer or any such person, against any liability which would otherwise
        be
        imposed by reason of willful misfeasance, bad faith or gross negligence in
        the
        performance of duties or by reason of reckless disregard of obligations and
        duties hereunder. The Depositor, the Master Servicer and any director, officer,
        employee or agent of the Depositor or the Master Servicer may rely in good
        faith
        on any document of any kind prima
        facie
        properly
        executed and submitted by any Person respecting any matters arising hereunder.
        The Depositor, the Master Servicer and any director, officer, employee or
        agent
        of the Depositor or the Master Servicer shall be indemnified and held harmless
        by the Trust Fund against any loss, liability or expense incurred in connection
        with any legal action relating to this Agreement or the Certificates (including
        reasonable legal fees and disbursements of counsel), other than (a) any loss,
        liability or expense related to Master Servicer's servicing obligations with
        respect to any specific Mortgage Loan or Mortgage Loans (except as any such
        loss, liability or expense shall be otherwise reimbursable pursuant to this
        Agreement) or related to the Master Servicer's obligations under Section
        3.01,
        or (b) any loss, liability or expense incurred by reason of willful misfeasance,
        bad faith or gross negligence in the performance of duties hereunder or by
        reason of reckless disregard of obligations and duties hereunder. Neither
        the
        Depositor nor the Master Servicer shall be under any obligation to appear
        in,
        prosecute or defend any legal action which is not incidental to its respective
        duties under this Agreement and which in its opinion may involve it in any
        expense or liability; provided,
        however,
        that
        the Depositor or the Master Servicer may in its sole discretion undertake
        any
        such action which it may deem necessary or desirable with respect to this
        Agreement and the rights and duties of the parties hereto and the interests
        of
        the Certificateholders hereunder. In such event, the legal expenses and costs
        of
        such action and any liability resulting therefrom (except any action or
        liability related to the Master Servicer's obligations under Section 3.01)
        shall
        be expenses, costs and liabilities of the Trust Fund, and the Depositor and
        the
        Master Servicer shall be entitled to be reimbursed therefor from the Certificate
        Account as provided in Section 3.11, any such right of reimbursement being
        prior
        to the rights of Certificateholders to receive any amount in the Certificate
        Account.

      

      
        
           

        

        
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      Section
        6.04. Limitation
        on Resignation of the Master Servicer.

      

      The
        Master Servicer shall not resign from the obligations and duties hereby imposed
        on it except (a) upon appointment of a successor servicer reasonably acceptable
        to the Trustee and the Certificate Insurer upon receipt by the Trustee and
        Certificate Insurer (unless an Insurer Default has occurred and is continuing)
        of a letter from each Rating Agency (obtained by the Master Servicer and
        at its
        expense) that such a resignation and appointment will not, in and of itself,
        result in a downgrading of the Certificates without taking the Certificate
        Guaranty Insurance Policy into account or (b) upon determination that its
        duties
        hereunder are no longer permissible under applicable law. Any such determination
        permitting the resignation of the Master Servicer shall be evidenced by an
        Opinion of Counsel (at the expense of the resigning Master Servicer) to such
        effect delivered to the Trustee and the Certificate Insurer. No such resignation
        shall become effective until the Trustee or a successor servicer shall have
        assumed the Master Servicer's responsibilities, duties, liabilities and
        obligations hereunder.

      

      
        
           

        

        
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      Section
        6.05. Sale
        and
        Assignment of Master Servicing.

      

      The
        Master Servicer may sell and assign its rights and delegate its duties and
        obligations in their entirety as Master Servicer under this Agreement;
provided,
        however,
        that:
        (i) the purchaser or transferee accepting such assignment and delegation
        (a)
        shall be a Person which shall be qualified to service mortgage loans for
        Fannie
        Mae or Freddie Mac; (b) shall, in the case of successor master servicers
        only,
        have a net worth of not less than $10,000,000 (unless otherwise approved
        by each
        Rating Agency pursuant to clause (ii) below); (c) shall be reasonably
        satisfactory to the Trustee and the Certificate Insurer (unless an Insurer
        Default has occurred and is continuing) (as evidenced in a writing signed
        by the
        Trustee and the Certificate Insurer) as having a comparable servicing ability
        to
        that of the Master Servicer on the Closing Date; (d) shall execute and deliver
        to the Trustee and the Certificate Insurer an agreement, in form and substance
        reasonably satisfactory to the Trustee and the Certificate Insurer, which
        contains an assumption by such Person of the due and punctual performance
        and
        observance of each covenant and condition to be performed or observed by
        it as
        master servicer under this Agreement and any custodial agreement, from and
        after
        the effective date of such agreement; (ii) each Rating Agency shall be given
        prior written notice of the identity of the proposed successor to the Master
        Servicer and each Rating Agency's rating of the Certificates in effect
        immediately prior to such assignment, sale and delegation will not be downgraded
        or withdrawn as a result of such assignment, sale and delegation without
        taking
        the Certificate Guaranty Insurance Policy into account, as evidenced by a
        letter
        to such effect obtained by the Master Servicer at its expense and delivered
        to
        the Trustee; and (iii) the Master Servicer assigning and selling the master
        servicing shall deliver to the Trustee an Officer's Certificate and an Opinion
        of Counsel (at the expense of the Master Servicer), each stating that all
        conditions precedent to such action under this Agreement have been completed
        and
        such action is permitted by and complies with the terms of this Agreement.
        No
        such assignment or delegation shall affect any liability of the Master Servicer
        arising prior to the effective date thereof.

      

      
        
           

        

        
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      ARTICLE
        VII

      

      DEFAULT

      

      Section
        7.01. Events
        of
        Default.

      

      “Event
        of
        Default”, wherever used herein, means any one of the following
        events:

      

      (i) any
        failure by the Master Servicer to deposit into the Certificate Account on
        each
        Certificate Account Deposit Date the amounts required to be deposited therein
        (other than an Advance) under the terms of this Agreement which continues
        unremedied for two (2) Business Days after such amount was required to be
        remitted; or

      

      (ii) any
        failure on the part of the Master Servicer duly to observe or perform in
        any
        material respect any other of the covenants or agreements on the part of
        the
        Master Servicer contained in the Certificates or in this Agreement (including
        any breach of the Master Servicer's representations and warranties pursuant
        to
        Section 2.03(a) which materially and adversely affects the interests of the
        Certificateholders) which continues unremedied for a period of 60 days after
        the
        date on which written notice of such failure, requiring the same to be remedied,
        shall have been given to the Master Servicer by the Trustee or the Certificate
        Insurer, or to the Master Servicer, the Certificate Insurer and the Trustee
        by
        the Holders of Certificates entitled to at least 25% of the Voting Rights;
        or

      

      (iii) a
        decree
        or order of a court or agency or supervisory authority having jurisdiction
        in an
        involuntary case under any present or future federal or state bankruptcy,
        insolvency or similar law or the appointment of a conservator or receiver
        or
        liquidator in any insolvency, readjustment of debt, marshaling of assets
        and
        liabilities or similar proceedings, or for the winding-up or liquidation
        of its
        affairs, shall have been entered against the Master Servicer and such decree
        or
        order shall have remained in force undischarged or unstayed for a period
        of 60
        consecutive days; or

      

      (iv) the
        Master Servicer shall consent to the appointment of a conservator or receiver
        or
        liquidator in any insolvency, readjustment of debt, marshaling of assets
        and
        liabilities or similar proceedings of or relating to the Master Servicer
        or of
        or relating to all or substantially all of its property; or

      

      (v) the
        Master Servicer shall admit in writing its inability to pay its debts generally
        as they become due, file a petition to take advantage of or otherwise
        voluntarily commence a case or proceeding under any applicable bankruptcy,
        insolvency, reorganization or other similar statute, make an assignment for
        the
        benefit of its creditors, or voluntarily suspend payment of its obligations;
        or

      

      (vi) the
        Master Servicer shall fail to deposit in the Certificate Account on any
        Certificate Account Deposit Date an amount equal to any required Advance
        which
        continues unremedied for the earlier of (a) a period of two (2) Business
        Days or
        (b) the Business Day immediately preceding the Distribution Date.

      

      
        
           

        

        
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      If
        an
        Event of Default described in clauses (i) - (v) of this Section shall occur,
        then, and in each and every such case, so long as such Event of Default shall
        not have been remedied, the Trustee, the Certificate Insurer (unless an Insurer
        Default has occurred and is continuing) or the Holders of Certificates entitled
        to at least 51% of the Voting Rights (with the consent of the Certificate
        Insurer), by notice in writing to the Master Servicer and the Swap Provider
        (and
        to the Trustee if given by such Holders of Certificates), with a copy to
        the
        Rating Agencies, may terminate all of the rights and obligations (but not
        the
        liabilities) of the Master Servicer under this Agreement and in and to the
        Trust
        Fund, other than its rights as a Certificateholder hereunder; provided,
        however,
        that
        the successor to the Master Servicer appointed pursuant to Section 7.02 shall
        have accepted the duties of Master Servicer effective upon the resignation
        or
        termination of the Master Servicer. If an Event of Default described in clause
        (vi) hereof shall occur, the Trustee, as applicable, shall, by notice to
        the
        Master Servicer, the Certificate Insurer and the Depositor, terminate all
        of the
        rights and obligations of the Master Servicer under this Agreement and in
        and to
        the Trust Fund, other than its rights as a Certificateholder hereunder;
provided,
        however,
        that if
        the Trustee, as applicable, determines (in its sole discretion) that the
        failure
        by the Master Servicer to make any required Advance was due to circumstances
        beyond its control, and the required Advance was otherwise made, the Trustee,
        as
        applicable, shall not terminate the Master Servicer. On or after the receipt
        by
        the Master Servicer of such notice, all authority and power of the Master
        Servicer under this Agreement, whether with respect to the Certificates (other
        than as a Holder thereof) or the Mortgage Loans or otherwise, shall pass
        to and
        be vested in the Trustee pursuant to and under this Section, and, without
        limitation, the Trustee is hereby authorized and empowered to execute and
        deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise,
        any
        and all documents and other instruments, and to do or accomplish all other
        acts
        or things necessary or appropriate to effect the purposes of such notice
        of
        termination, whether to complete the transfer and endorsement or assignment
        of
        the Mortgage Loans and related documents, or otherwise at the expense of
        the
        Master Servicer. The Master Servicer agrees to cooperate with (and pay any
        related costs and expenses of) the Trustee in effecting the termination of
        the
        Master Servicer's responsibilities and rights hereunder, including, without
        limitation, the transfer to the Trustee or the successor Master Servicer
        for
        administration by it of (i) the property and amounts which are then or should
        be
        part of the Trust Fund or which thereafter become part of the Trust Fund;
        (ii)
        originals or copies of all documents of the Master Servicer reasonably requested
        by the Trustee to enable it to assume the Master Servicer's duties thereunder;
        (iii) the rights and obligations of the Master Servicer under the Sub-Servicing
        Agreements with respect to the Mortgage Loans; and (iv) all cash amounts
        which
        shall at the time be deposited by the Master Servicer or should have been
        deposited to the Custodial or the Certificate Account or thereafter be received
        with respect to the Mortgage Loans. The Trustee shall not be deemed to have
        breached any obligation hereunder as a result of a failure to make or delay
        in
        making any distribution as and when required hereunder caused by the failure
        of
        the Master Servicer to remit any amounts received by it or to deliver any
        documents held by it with respect to the Mortgage Loans. For purposes of
        this
        Section 7.01, the Trustee shall not be deemed to have knowledge of an Event
        of
        Default unless a Responsible Officer of the Trustee has actual knowledge
        thereof
        or unless notice of any event which is in fact such an Event of Default is
        received by the Trustee as provided in Section 11.05 and such notice references
        the Certificates, the Trust Fund or this Agreement.

      

      
        
           

        

        
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      Section
        7.02. Trustee
        to Act; Appointment of Successor.

      

      Within
        90
        days of the time the Master Servicer receives a notice of termination pursuant
        to Section 7.01(i) - (v), the Trustee or its appointed agent shall be the
        successor in all respects to the Master Servicer in its capacity as Master
        Servicer under this Agreement and the transactions set forth or provided
        for
        herein and shall be subject thereafter to all the responsibilities, duties
        and
        liabilities relating thereto placed on the Master Servicer including the
        obligation to make Advances which have been or will be required to be made
        (except for the responsibilities, duties and liabilities contained in Section
        2.03 and its obligations to deposit amounts in respect of losses pursuant
        to
        Section 3.12 and 4.01(r)) by the terms and provisions hereof; and provided
        further, that any failure to perform such duties or responsibilities caused
        by
        the Master Servicer's failure to provide information required by Section
        4.03
        shall not be considered a default by the Trustee hereunder. As compensation
        therefor, the Trustee shall be entitled to all funds relating to the Mortgage
        Loans which the Master Servicer would have been entitled to charge to the
        Custodial Account if the Master Servicer had continued to act hereunder.
        If the
        Trustee has become the successor to the Master Servicer in accordance with
        Section 6.04 or Section 7.02, then notwithstanding the above, if the Trustee
        shall be unwilling to so act, or shall be unable to so act, the Trustee may
        appoint, or petition a court of competent jurisdiction or appoint, any
        established housing and home finance institution, which is also a Fannie
        Mae- or
        Freddie Mac-approved mortgage servicing institution, having a net worth of
        not
        less than $10,000,000 and acceptable to the Certificate Insurer as evidenced
        by
        its prior written consent as the successor to the Master Servicer hereunder
        in
        the assumption of all or any part of the responsibilities, duties or liabilities
        of the Master Servicer hereunder. Pending appointment of a successor to the
        Master Servicer hereunder, the Trustee shall act in such capacity as herein
        above provided. In connection with such appointment and assumption, the Trustee
        may make such arrangements for the compensation of such successor out of
        payments on Mortgage Loans as it and such successor shall agree; provided,
        however, that no such compensation shall be in excess of that permitted the
        Master Servicer hereunder. Each of the Sponsor, the Trustee and such successor
        shall take such action, consistent with this Agreement, as shall be necessary
        to
        effectuate any such succession. In no event shall the successor Master Servicer
        be liable for the acts or omissions of the predecessor Master
        Servicer.

      

      In
        connection with the termination or resignation of the Master Servicer hereunder,
        either (i) the successor Master Servicer, including the Trustee if the Trustee
        is acting as successor Master Servicer, shall represent and warrant that
        it is a
        member of MERS in good standing and shall agree to comply in all material
        respects with the rules and procedures of MERS in connection with the servicing
        of the Mortgage Loans that are registered with MERS, in which case the
        predecessor Master Servicer shall cooperate with the successor Master Servicer
        in causing MERS to revise its records to reflect the transfer of servicing
        to
        the successor Master Servicer as necessary under MERS' rules and regulations,
        or
        (ii) the predecessor Master Servicer shall cooperate with the successor Master
        Servicer in causing MERS to execute and deliver an assignment of Mortgage
        in
        recordable form to transfer the Mortgage from MERS to the Trustee and to
        execute
        and deliver such other notices, documents and other instruments as may be
        necessary or desirable to effect a transfer of such Mortgage Loan or servicing
        of such Mortgage Loan on the MERS® System to the successor Master Servicer. The
        predecessor Master Servicer shall file or cause to be filed any such assignment
        in the appropriate recording office. The predecessor Master Servicer shall
        bear
        any and all fees of MERS, costs of preparing any assignments of Mortgage,
        and
        fees and costs of filing any assignments of Mortgage that may be required
        under
        this Section 7.02. The successor Master Servicer shall cause such assignment
        to
        be delivered to the Custodian promptly upon receipt of the original with
        evidence of recording thereon or a copy certified by the public recording
        office
        in which such assignment was recorded.

      

      
        
           

        

        
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      Any
        successor, including the Trustee, to the Master Servicer shall maintain in
        force
        during its term as master servicer hereunder policies and fidelity bonds
        to the
        same extent as the Master Servicer is so required pursuant to Section
        3.18.

      

      Any
        successor, including the Trustee, to the Master Servicer shall not terminate
        any
        Sub-Servicing Agreement with Midland without cause.

      

      Notwithstanding
        anything else herein to the contrary, in no event shall the Trustee be liable
        for any Master Servicing Fee or Sub-Servicing Fee or for any differential
        in the
        amount of the Master Servicing Fee or Sub-Servicing Fee paid hereunder and
        the
        amount necessary to induce any successor Master Servicer or Sub-Servicer,
        as
        applicable, to act as successor Master Servicer or Sub-Servicer, as applicable,
        under this Agreement and the transactions set forth or provided for
        herein.

      

      Section
        7.03. Notification
        to Certificateholders.

      

      (a) Upon
        any
        such termination or appointment of a successor to the Master Servicer, the
        Trustee shall give prompt notice thereof to Certificateholders, the Certificate
        Insurer and to the Rating Agencies.

      

      (b) Within
        60
        days after the occurrence of any Event of Default, the Trustee shall transmit
        by
        mail to all Holders of Certificates, the Certificate Insurer and the Swap
        Provider notice of each such Event of Default hereunder known to the Trustee,
        unless such Event of Default shall have been cured or waived.

      

      Section
        7.04. Waiver
        of
        Events of Default.

      

      The
        Holders representing at least 51% of the Voting Rights of Certificates affected
        by a default or Event of Default hereunder (with the consent of the Certificate
        Insurer), may waive such default or Event of Default (other than an Event
        of
        Default set forth in Section 7.01(vi)); provided,
        however,
        that
        (a) a default or Event of Default under clause (i) of Section 7.01 may be
        waived
        only by all of the Holders of Certificates affected by such default or Event
        of
        Default (with the consent of the Certificate Insurer) and (b) no waiver pursuant
        to this Section 7.04 shall affect the Holders of Certificates in the manner
        set
        forth in the second paragraph of Section 11.01 or materially adversely affect
        any non-consenting Certificateholder. Upon any such waiver of a default or
        Event
        of Default by the Holders representing the requisite percentage of Voting
        Rights
        of Certificates affected by such default or Event of Default, such default
        or
        Event of Default shall cease to exist and shall be deemed to have been remedied
        for every purpose hereunder. No such waiver shall extend to any subsequent
        or
        other default or Event of Default or impair any right consequent thereon
        except
        to the extent expressly so waived. The Master Servicer shall give notice
        of any
        such waiver to the Rating Agencies.

      

      
        
           

        

        
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      Section
        7.05. List
        of
        Certificateholders.

      

      Upon
        written request of the Certificate Insurer or three or more Certificateholders
        of record, for purposes of communicating with other Certificateholders with
        respect to their rights under this Agreement, the Trustee will afford such
        Certificateholders access during business hours to the most recent list of
        Certificateholders held by the Trustee.

      

      
        
           

        

        
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      ARTICLE
        VIII

      

      CONCERNING
        THE TRUSTEE

      

      Section
        8.01. Duties
        of
        Trustee.

      

      The
        Trustee, prior to the occurrence of an Event of Default and after the curing
        or
        waiver of all Events of Default which may have occurred, undertakes to perform
        such duties and only such duties as are specifically set forth in this
        Agreement. If an Event of Default occurs, is continuing and has not been
        waived,
        the Trustee shall exercise such of the rights and powers vested in it by
        this
        Agreement, and use the same degree of care and skill in their exercise as
        a
        prudent man would exercise or use under the circumstances in the conduct
        of his
        own affairs. Any permissive right of the Trustee enumerated in this Agreement
        shall not be construed as a duty.

      

      The
        Trustee, upon receipt of all resolutions, certificates, statements, opinions,
        reports, documents, orders or other instruments furnished to the Trustee
        which
        are specifically required to be furnished pursuant to any provision of this
        Agreement, shall examine them in accordance with the requirements of this
        Agreement. If any such instrument is found not to conform to the requirements
        of
        this Agreement in a material manner, the Trustee shall take such action as
        it
        deems appropriate to have the instrument corrected, and if the instrument
        is not
        corrected to the Trustee’s satisfaction, the Trustee will provide notice thereof
        to the Certificateholders. Notwithstanding the foregoing, the Trustee shall
        not
        be responsible for the accuracy or content of any resolution, certificate,
        statement, opinion, report, document, order or other instrument furnished
        by the
        Master Servicer hereunder or any Opinion of Counsel required
        hereunder.

      

      The
        Trustee shall prepare and file or cause to be filed on behalf of the Trust
        Fund
        any tax return that is required with respect to REMIC 1, REMIC 2, REMIC 3
        and
        REMIC 4 pursuant to applicable federal, state or local tax laws.

      

      The
        Trustee covenants and agrees that it shall perform its obligations hereunder
        in
        a manner so as to maintain the status of REMIC 1, REMIC 2, REMIC 3 and REMIC
        4
        under the REMIC Provisions and to prevent the imposition of any federal,
        state
        or local income, prohibited transaction, contribution or other tax on any
        of
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to the extent that maintaining such
        status
        and avoiding such taxes are within the control of the Trustee and are reasonably
        within the scope of its duties under this Agreement.

      

      No
        provision of this Agreement shall be construed to relieve the Trustee from
        liability for its own negligent action, its own negligent failure to act
        or its
        own willful misconduct; provided, however, that:

      

      (i) Prior
        to
        the occurrence of an Event of Default, and after the curing or waiver of
        all
        such Events of Default which may have occurred, the duties and obligations
        of
        the Trustee shall be determined solely by the express provisions of this
        Agreement, the Trustee shall not be liable except for the performance of
        such
        duties and obligations as are specifically set forth in this Agreement, no
        implied covenants or obligations shall be read into this Agreement against
        the
        Trustee and, in the absence of bad faith on the part of the Trustee, the
        Trustee
        may conclusively rely, as to the truth of the statements and the correctness
        of
        the opinions expressed therein, upon any certificates or opinions furnished
        to
        the Trustee and conforming to the requirements of this Agreement;

      

      
        
           

        

        
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      (ii) The
        Trustee shall not be liable for an error of judgment made in good faith by
        a
        Responsible Officer or Responsible Officers of the Trustee, unless it shall
        be
        proved that the Trustee was negligent in ascertaining the pertinent facts;
        and

      

      (iii) The
        Trustee shall not be liable with respect to any action taken, suffered or
        omitted to be taken by it in good faith in accordance with the direction
        of the
        Certificate Insurer or the Holders of Certificates entitled to at least 25%
        of
        the Voting Rights relating to the time, method and place of conducting any
        proceeding for any remedy available to the Trustee, or exercising any trust
        or
        power conferred upon the Trustee, under this Agreement.

      

      Section
        8.02. Certain
        Matters Affecting the Trustee.

      

      Except
        as
        otherwise provided in Section 8.01:

      

      (a) The
        Trustee may conclusively rely upon and shall be fully protected in acting
        or
        refraining from acting in reliance upon any resolution, Officers’ Certificate,
        certificate of auditors or any other certificate, statement, instrument,
        opinion, report, notice, request, consent, order, appraisal, bond or other
        paper
        or document reasonably believed by it to be genuine and to have been signed
        or
        presented by the proper party or parties;

      

      (b) The
        Trustee may consult with counsel and any Opinion of Counsel shall be full
        and
        complete authorization and protection in respect of any action taken or suffered
        or omitted by it hereunder in good faith and in accordance
        therewith;

      

      (c) The
        Trustee shall be under no obligation to exercise any of the trusts or powers
        vested in it by this Agreement, other than its obligation to give notice
        pursuant to this Agreement, or to institute, conduct or defend any litigation
        hereunder or in relation hereto at the request, order or direction of any
        of the
        Certificateholders, pursuant to the provisions of this Agreement, unless
        such
        Certificateholders or the Certificate Insurer (so long as no Insurer Default
        has
        occurred and is continuing) shall have offered to the Trustee security or
        indemnity satisfactory to it against the costs, expenses and liabilities
        which
        may be incurred therein or thereby and the Certificate Insurer (so long as
        no
        Insurer Default has occurred and is continuing) has given its consent; nothing
        contained herein shall, however, relieve the Trustee of the obligation, upon
        the
        occurrence of an Event of Default of which a Responsible Officer of the
        Trustee’s corporate trust department has actual knowledge (which has not been
        waived or cured), to exercise such of the rights and powers vested in it
        by this
        Agreement, and to use the same degree of care and skill in their exercise
        as a
        prudent man would exercise or use under the circumstances in the conduct
        of his
        own affairs;

      

      
        
           

        

        
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      (d) The
        Trustee shall not be liable for any action taken, suffered or omitted by
        it in
        good faith and believed by it to be authorized or within the discretion or
        rights or powers conferred upon it by this Agreement;

      

      (e) Prior
        to
        the occurrence of an Event of Default hereunder and after the curing or waiver
        of all Events of Default which may have occurred, the Trustee shall not be
        bound
        to make any investigation into the facts or matters stated in any resolution,
        certificate, statement, instrument, opinion, report, notice, request, consent,
        order, approval, bond or other paper or document, unless requested in writing
        to
        do so by the Certificate Insurer (so long as no Insurer Default has occurred
        and
        is continuing) or the Holders of Certificates entitled to at least 25% of
        the
        Voting Rights with the written consent of the Certificate Insurer (so long
        as no
        Insurer Default has occurred and is continuing); provided, however, that
        if the
        payment within a reasonable time to the Trustee of the costs, expenses or
        liabilities likely to be incurred by it in the making of such investigation
        is,
        in the opinion of the Trustee, reasonably assured to the Trustee by the security
        afforded to it by the terms of this Agreement reasonable expense of every
        such
        examination shall be paid by the Certificateholders or the Certificate Insurer
        requesting the investigation;

      

      (f) The
        Trustee may execute any of the trusts or powers hereunder or perform any
        duties
        hereunder either directly or by or through agents, nominees, custodians or
        attorneys appointed with due care, and shall not be responsible for any willful
        misconduct or negligence on the part of any agent, attorney, custodian or
        nominee so appointed;

      

      (g) The
        Trustee shall not be required to give any bond or surety with respect to
        the
        execution of the trust created hereby or the powers granted hereunder;
        and

      

      (h) Whenever
        in the administration of the provisions of this Agreement the Trustee shall
        deem
        it necessary or desirable that a matter be proved or established prior to
        taking
        or suffering any action to be taken hereunder, such matter (unless other
        evidence in respect thereof be herein specifically prescribed) may, in the
        absence of gross negligence or bad faith on the part of the Trustee, be deemed
        to be conclusively proved and established by a certificate signed and delivered
        to the Trustee and such certificate, in the absence of gross negligence or
        bad
        faith on the part of the Trustee, shall be full warrant to the Trustee for any
        action taken, suffered or omitted by it under the provisions of this Agreement
        upon the faith thereof.

      

      The
        Trustee shall have no obligation to invest and reinvest any cash held in
        the
        absence of timely and specific written investment direction from the Master
        Servicer. In no event shall the Trustee be liable for the selection of
        investments or for investment losses incurred thereon. The Trustee shall
        have no
        liability in respect of losses incurred as a result of the liquidation of
        any
        investment incurred as a result of the liquidation of any investment prior
        to
        its stated maturity or the failure of the Master Servicer to provide timely
        written investment direction.

      

      
        
           

        

        
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      In
        order
        to comply with the laws, rules, regulations and executive orders in effect
        from
        time to time applicable to banking institutions, including those relating
        to the
        funding of terrorist activities and money laundering (“Lending Laws”), the
        Trustee is required to obtain, verify and record certain information relating
        to
        individuals and entities which maintain a business relationship with the
        Trustee. Accordingly, each of the parties agrees to provide to the Trustee
        upon
        its request from time to time such identifying information and documentation
        as
        may be available for such party in order to enable the Trustee to comply
        with
        the Lending Laws.

      

      Section
        8.03. Trustee
        Not Liable for Certificates or Mortgage Loans.

      

      The
        recitals contained herein and in the Certificates (other than the signature
        of
        the Trustee, the authentication of the Trustee on the Certificates, the
        acknowledgments of the Trustee contained in Article II) shall be taken as
        the
        statements of the Depositor and the Trustee assumes no responsibility for
        their
        correctness. The Trustee makes no representations or warranties as to the
        validity or sufficiency of this Agreement or of the Certificates (other than
        the
        signature and authentication of the Trustee on the Certificates) or of any
        Mortgage Loan or related document, or of MERS or the MERS® System. The Trustee
        shall not be accountable for the use or application by the Depositor of any
        of
        the Certificates or of the proceeds of such Certificates, or for the use
        or
        application of any funds paid to the Depositor or the Master Servicer in
        respect
        of the Mortgage Loans or deposited in or withdrawn from the Custodial Account
        by
        the Master Servicer.

      

      Section
        8.04. Trustee
        May Own Certificates.

      

      The
        Trustee in its individual or any other capacity (other than as Trustee
        hereunder) may become the owner or pledgee of Certificates with the same
        rights
        it would have if it were not Trustee and may otherwise deal with the parties
        hereto.

      

      Section
        8.05. Trustee’s
        Fees.

      

      On
        each
        Distribution Date, the Trustee shall be entitled to withdraw from the
        Certificate Account as compensation hereunder any amounts earned on funds
        in the
        Certificate Account. Such compensation (which shall not be limited by any
        provision of law in regard to the compensation of a trustee of an express
        trust)
        shall be paid for all services rendered by it in the execution of the trusts
        hereby created and in the exercise and performance of any of the powers and
        duties hereunder or of the Trustee. Except as otherwise provided in this
        Agreement, the Trustee and any director, officer, employee or agent of the
        Trustee shall be indemnified and held harmless by the Trust Fund against
        any
        claim, loss, liability, fee or expense incurred in connection with any Event
        of
        Default, any breach of this Agreement or any claim or legal action (including
        any pending or threatened claim or legal action), relating to the acceptance
        or
        administration of its trusts hereunder or the Trustee’s performance under the
        Certificates, other than any claim, loss, liability or expense (i) sustained
        in
        connection with this Agreement related to the willful misfeasance, bad faith
        or
        negligence of the Master Servicer in the performance of its duties hereunder
        or
        (ii) incurred in connection with a breach constituting willful misfeasance,
        bad
        faith or negligence of the Trustee in the performance of its duties hereunder
        or
        by reason of reckless disregard of its obligations and duties
        hereunder.

      

      
        
           

        

        
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      The
        Master Servicer shall indemnify the Trustee and any director, officer, employee
        or agent of the Trustee against any such claim or legal action (including
        any
        pending or threatened claim or legal action), loss, liability, fee or expense
        that may be sustained in connection with this Agreement related to the willful
        misfeasance, bad faith, or negligence in the performance of the Master
        Servicer's duties hereunder.

      

      The
        provisions of this Section 8.05 shall survive the resignation or removal
        of the
        Trustee or the termination of this Agreement.

      

      Section
        8.06. Eligibility
        Requirements for Trustee.

      

      The
        Trustee hereunder shall at all times be a corporation or a national banking
        association organized and doing business under the laws of any state or the
        United States of America or the District of Columbia, authorized under such
        laws
        to exercise corporate trust powers, having a combined capital and surplus
        of at
        least $50,000,000 and subject to supervision or examination by federal or
        state
        authority. In addition, the Trustee shall at all times be acceptable to the
        Rating Agency rating the Certificates. If such corporation publishes reports
        of
        condition at least annually, pursuant to law or to the requirements of the
        aforesaid supervising or examining authority, then for the purposes of this
        Section the combined capital and surplus of such corporation shall be deemed
        to
        be its combined capital and surplus as set forth in its most recent report
        of
        condition so published. In case at any time the Trustee shall cease to be
        eligible in accordance with the provisions of this Section, the Trustee shall
        resign immediately in the manner and with the effect specified in Section
        8.07.
        The corporation or national banking association serving as Trustee may have
        normal banking and trust relationships with the Sponsor and their affiliates
        or
        the Master Servicer and its affiliates; provided,
        however,
        that
        such corporation cannot be an affiliate of the Master Servicer other than
        the
        Trustee in its role as successor to the Master Servicer.

      

      Section
        8.07. Resignation
        and Removal of the Trustee.

      

      The
        Trustee may at any time resign and be discharged from the trusts hereby created
        by giving written notice thereof to the Master Servicer; with a copy to the
        Rating Agencies, the Certificate Insurer and the Swap Provider; provided,
        that
        such resignation shall not be effective until successor trustee is appointed
        and
        accepts appointment in accordance with the following provisions; provided,
        however,
        that
        the resigning trustee shall not resign and be discharged from the trusts
        hereby
        created until such time as the Rating Agency rating the Certificates and
        the
        Certificate Insurer approves the successor trustee. Upon receiving such notice
        of resignation, the Master Servicer shall promptly appoint successor trustee
        who
        meets the eligibility requirements of Section 8.06 by written instrument,
        in
        triplicate, one copy of which instrument shall be delivered to the resigning
        trustee and to the successor trustee. If no successor trustee shall have
        been so
        appointed and have accepted appointment within 30 days after the giving of
        such
        notice of resignation, the resigning trustee may petition any court of competent
        jurisdiction for the appointment of a successor trustee.

      

      
        
           

        

        
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      If
        at any
        time the Trustee shall cease to be eligible in accordance with the provisions
        of
        Section 8.06 and shall fail to resign after written request therefor by the
        Master Servicer, or if at any time the Trustee shall become incapable of
        acting,
        or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee
        or of
        its property shall be appointed, or any public officer shall take charge
        or
        control of the Trustee or of its property or affairs for the purpose of
        rehabilitation, conservation or liquidation, the Master Servicer with the
        consent of the Certificate Insurer (so long as no Insurer Default has occurred
        and is continuing), which consent shall not be unreasonably withheld, may
        remove
        the Trustee and appoint successor trustee who meets the eligibility requirements
        of Section 8.06 by written instrument, in triplicate, which instrument shall
        be
        delivered to the Trustee so removed and to the successor trustee.

      

      Any
        resignation or removal of the Trustee and appointment of successor trustee
        pursuant to any of the provisions of this Section shall not become effective
        until acceptance of appointment by the successor trustee as provided in Section
        8.08.

      

      Section
        8.08. Successor
        Trustee.

      

      Any
        successor trustee appointed as provided in Section 8.07 shall execute,
        acknowledge and deliver to the Master Servicer an instrument accepting such
        appointment hereunder, and thereupon the resignation or removal of the
        predecessor trustee shall become effective and such successor trustee, without
        any further act, deed or conveyance, shall become fully vested with all the
        rights, powers, duties and obligations of its predecessor hereunder, with
        the
        like effect as if originally named as trustee herein. The predecessor trustee
        shall after payment of its outstanding fees and expenses, promptly deliver
        to
        the successor trustee all assets and records of the Trust Fund held by it
        hereunder, and the Master Servicer and the predecessor trustee shall execute
        and
        deliver all such instruments and do such other things as may reasonably be
        required for more fully and certainly vesting and confirming in the successor
        trustee all such rights, powers, duties and obligations.

      

      No
        successor trustee shall accept appointment as provided in this Section unless
        at
        the time of such acceptance such successor trustee shall be eligible under
        the
        provisions of Section 8.06. 

      

      Upon
        acceptance of appointment by successor trustee as provided in this Section,
        the
        Master Servicer shall mail notice of the succession of such trustee hereunder
        to
        all Holders of Certificates at their addresses as shown in the Certificate
        Register. If the Master Servicer fails to mail such notice within ten days
        after
        acceptance of appointment by the successor trustee, the successor trustee
        shall
        cause such notice to be mailed at the expense of the Master
        Servicer.

      

      Any
        Person appointed as successor trustee pursuant to Section 8.08 shall also
        be
        required to serve as successor supplemental interest trust trustee under
        the
        derivative documents.

      

      
        
           

        

        
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      Section
        8.09. Merger
        or
        Consolidation of Trustee.

      

      Any
        state
        bank or trust company or corporation or national banking association into
        which
        the Trustee may be merged or converted or with which it may be consolidated
        or
        any state bank or trust company or national banking association resulting
        from
        any merger, conversion or consolidation to which the Trustee shall be a party,
        or any state bank or trust company or corporation or national banking
        association succeeding to all or substantially all of the corporate trust
        business of the Trustee, shall be the successor of the Trustee hereunder,
        provided such state bank or trust company or corporation or national banking
        association shall be eligible under the provisions of Section 8.06 without
        the
        execution or filing of any paper or any further act on the part of any of
        the
        parties hereto, anything herein to the contrary notwithstanding.

      

      Section
        8.10. Appointment
        of Co-Trustee or Separate Trustee.

      

      Notwithstanding
        any other provisions hereof, at any time, for the purpose of meeting any
        legal
        requirements of any jurisdiction in which any part of the Trust Fund or property
        securing the same may at the time be located, the Master Servicer and the
        Trustee acting jointly shall have the power and shall execute and deliver
        all
        instruments to appoint one or more Persons approved by the Trustee to act
        as
        co-trustee or co-trustees, jointly with the Trustee or separate trustee or
        separate trustees, of all or any part of the Trust Fund, and to vest in such
        Person or Persons, in such capacity, such title to the Trust Fund, or any
        part
        thereof, and, subject to the other provisions of this Section 8.10, such
        powers,
        duties, obligations, rights and trusts as the Master Servicer and the Trustee
        may consider necessary or desirable. If the Master Servicer shall not have
        joined in such appointment within 15 days after the receipt by it of a request
        so to do, or in case an Event of Default shall have occurred and be continuing,
        the Trustee alone shall have the power to make such appointment without the
        Master Servicer. No co-trustee or separate trustee hereunder shall be required
        to meet the terms of eligibility as successor trustee under Section 8.06
        hereunder and no notice to Holders of Certificates of the appointment of
        co-trustee(s) or separate trustee(s) shall be required under Section 8.08
        hereof.

      

      In
        the
        case of any appointment of a co-trustee or separate trustee pursuant to this
        Section 8.10, all rights, powers, duties and obligations conferred or imposed
        upon the Trustee and required to be conferred or such co-trustee shall be
        conferred or imposed upon and exercised or performed by the Trustee and such
        separate trustee or co-trustee jointly, except to the extent that under any
        law
        of any jurisdiction in which any particular act or acts are to be performed
        (whether as Trustee hereunder or as successor to the Master Servicer hereunder),
        the Trustee shall be incompetent or unqualified to perform such act or acts,
        in
        which event such rights, powers, duties and obligations (including the holding
        of title to the Trust Fund or any portion thereof in any such jurisdiction)
        shall be exercised and performed by such separate trustee or co-trustee at
        the
        direction of the Trustee.

      

      Any
        notice, request or other writing given to the Trustee shall be deemed to
        have
        been given to each of the then separate trustees and co-trustees, as effectively
        as if given to each of them. Every instrument appointing any separate trustee
        or
        co-trustee shall refer to this Agreement and the conditions of this Article
        VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts
        conferred, shall be vested with the estates or property specified in its
        instrument of appointment, either jointly with the Trustee or separately,
        as may
        be provided therein, subject to all the provisions of this Agreement,
        specifically including every provision of this Agreement relating to the
        conduct
        of, affecting the liability of, or affording protection to, the Trustee.
        Every
        such instrument shall be filed with the Trustee.

      

      
        
           

        

        
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      Any
        separate trustee or co-trustee may, at any time, constitute the Trustee its
        agent or attorney-in-fact, with full power and authority, to the extent not
        prohibited by law, to do any lawful act under or in respect of this Agreement
        on
        its behalf and in its name. If any separate trustee or co-trustee shall die,
        become incapable of acting, resign or be removed, all of its estates,
        properties, rights, remedies and trusts shall vest in and be exercised by
        the
        Trustee to the extent permitted by law, without the appointment of a new
        or
        successor trustee.

      

      
        
           

        

        
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      ARTICLE
        IX

      

      TERMINATION

      

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

      

      (a) Subject
        to Section 9.03, the respective obligations and responsibilities of the
        Depositor, the Master Servicer and the Trustee created hereby (other than
        the
        obligations of the Master Servicer to the Trustee pursuant to Section 8.05
        and
        of the Master Servicer to provide for and the Trustee to make payments to
        Certificateholders as hereafter set forth) shall terminate, with respect
        to Loan
        Group 1, upon payment to the related Certificateholders of all amounts held
        by
        or on behalf of the Trustee and required to be paid to them hereunder following
        the earlier to occur of (i) the repurchase by the Master Servicer or its
        designee of all Group 1 Loans and each related REO Property in respect thereof
        remaining in the Trust Fund at a price in cash equal to (a) 100% of the unpaid
        principal balance of each such Mortgage Loan in Loan Group 1 (other than
        one as
        to which a REO Property was acquired) on the day of repurchase together with
        accrued interest on such unpaid principal balance at the Group 1 Net Mortgage
        Rate to the first day of the month in which the proceeds of such repurchase
        are
        to be distributed, plus (b) the appraised value of any such REO Property
        (but
        not more than the unpaid principal balance of the related Mortgage Loan,
        together with accrued interest on that balance at the Group 1 Net Mortgage
        Rate
        to the first day of the month such repurchase price is distributed), less
        the
        good faith estimate of the Master Servicer of liquidation expenses to be
        incurred in connection with its disposal thereof, such appraisal to be conducted
        by an appraiser selected by the Master Servicer and at the expense of the
        Master
        Servicer, plus (c) any Group 1 Swap Termination Payment (which shall include
        any
        Group 1 Net Swap Payment payable for the final Distribution Date) payable
        to the
        Group 1 Swap Provider pursuant to the related Group 1 Interest Rate Swap
        Agreement which remains unpaid or which is due to the exercise of such option
        (a
“Group 1 Swap Optional Termination Payment”) and plus (d) any unreimbursed
        amounts owed to the Certificate Insurer under the Certificate Guaranty Insurance
        Policy, the Insurance Agreement and this Agreement, and (ii) the final payment
        or other liquidation (or any Advance with respect thereto) of the last Mortgage
        Loan in Loan Group 1 remaining in the Trust Fund (or the disposition of all
        REO
        Property in respect thereof); provided,
        however,
        that in
        no event shall the trust created hereby continue beyond the earlier of (i)
        the
        Distribution Date occurring in February 2037 (ii) the expiration of 21 years
        from the death of the last survivor of the descendants of Joseph P. Kennedy,
        the
        late ambassador of the United States to the Court of St. James, living on
        the
        date hereof and (iii) the “latest possible maturity date” specified in the
        Preliminary Statements with respect to the related Regular Interests and
        Certificates, and provided further,
        that
        the purchase price set forth above shall be increased as is necessary, as
        determined by the Master Servicer, to avoid disqualification of any of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 as a REMIC. In the case of any repurchase by
        the
        Master Servicer pursuant to clause (a)(i), the Master Servicer shall exercise
        reasonable efforts to cooperate fully with the Trustee in effecting such
        repurchase and the transfer of the Group 1 Loans and related Mortgage Files
        and
        related records to the Master Servicer.

      

      
        
           

        

        
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      The
        right
        of the Master Servicer or its designee to repurchase all Group 1 Loans pursuant
        to (a)(i) above shall be conditioned upon the Aggregate Stated Principal
        Balance
        of such Mortgage Loans at the time of any such repurchase aggregating to
        an
        amount equal to or less than 10% of the Group 1 Cut-off Date Balance of such
        Mortgage Loans; provided,
        however,
        that no
        such purchase will be permitted if it would result in a draw on the Certificate
        Guaranty Insurance Policy or any amounts owed to the Certificate Insurer
        would
        remain unpaid, unless the Certificate Insurer consents in writing to such
        purchase. If such right is exercised, the Master Servicer upon such repurchase
        shall provide to the Trustee and the Certificate Insurer, notice of such
        exercise prior to the Determination Date in the month preceding the month
        of
        purchase and the certification required by Section 3.16.

      

      In
        the
        case of a repurchase of Mortgage Loans and REO Property related to Loan Group
        1
        pursuant to clause (a)(i) above, only an amount equal to the repurchase price
        specified in such clause (a)(i) above for such Mortgage Loans and REO Property,
        less any related Group 1 Swap Optional Termination Payment and any portion
        of
        the repurchase price consisting of the unreimbursed amounts owed to the
        Certificate Insurer, shall be made available for distribution to the related
        Regular Certificates and Class 1-IO Interests. The Group 1 Swap Optional
        Termination Payment shall be withdrawn by the Trustee from the Certificate
        Account and remitted to the Group 1 Supplemental Interest Trust to be paid
        in
        accordance with Section 4.10(ii). The Group 1 Swap Optional Termination Payment
        shall not be part of any REMIC and shall not be paid into any account which
        is
        part of any REMIC.

      

      (b) The
        Master Servicer has the right to repurchase all of the Mortgage Loans and
        related REO Properties pursuant to clause (i) of Section 9.01(a), conditioned
        upon the related Aggregate Stated Principal Balance of such Group 1 Loans
        at the
        time of any such repurchase aggregating to an amount equal to or less than
        10%
        of the Group 1 Cut-off Date Balance. If the Master Servicer elects to terminate
        the Trust pursuant to this Section 9.01 (such termination, a “Group 1 Optional
        Termination”), the Master Servicer shall, at least 20 days prior to the last
        date on which notice of such Group 1 Optional Termination is required to
        be
        mailed to the related Certificateholders pursuant to Section 9.01(k), notify
        in
        writing (which may be done in electronic format) the Depositor, the Master
        Servicer, the Trustee and the Group 1 Swap Provider of the final Distribution
        Date on which the Master Servicer intends to terminate the Trust Fund.

      

      (c) In
        connection with any Group 1 Optional Termination, four Business Days prior
        to
        the final Distribution Date specified in the notice required pursuant to
        Section
        9.01(k), the Master Servicer shall, no later than 4:00 pm New York City time
        on
        such day, request in writing (in accordance with the applicable provision
        of the
        Group 1 Interest Rate Swap Agreement) and by phone from the Group 1 Swap
        Provider the amount of the related Group 1 Estimated Swap Termination Payment.
        The Group 1 Swap Provider shall, no later than 2:00 pm on the following Business
        Day, notify in writing (which may be done in electronic format) the Trustee
        of
        the amount of the Group 1 Estimated Swap Termination Payment; the Trustee
        shall
        promptly on the same day notify the Master Servicer of the amount of the
        related
        Group 1 Estimated Swap Termination Payment. 

      

      
        
           

        

        
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      (d) Two
        Business Days prior to the final Distribution Date specified in the notice
        required pursuant to Section 9.01(k), (i) the Master Servicer shall, no later
        than 1:00 pm New York City time on such day, deposit funds in the Certificate
        Account in an amount equal to the sum of the purchase price (other than the
        related Group 1 Swap Optional Termination Payment) and the Group 1 Estimated
        Swap Termination Payment, and (ii) if Trustee is notified in writing that
        the
        aggregate Stated Principal Balance of all of the Group 1 Loans in the Trust
        Fund
        as of the related Determination Date is not more than 10% of the aggregate
        Cut-off Date Balance of all of the Group 1 Loans, and the requirements of
        the
        Group 1 Optional Termination set forth in this Section 9.01 have been met,
        including the deposit required pursuant to the immediately preceding clause
        (i)
        then the Trustee shall, on the same Business Day, provide written notice
        to the
        the Depositor, the Certificate Insurer, the Master Servicer, the Trustee
        on
        behalf of the Group 1 Supplemental Interest Trust, the Trustee and the Group
        1
        Swap Provider confirming (in accordance with the applicable provisions of
        the
        Group 1 Interest Rate Swap Agreement) its receipt of the purchase price (other
        than the Group 1 Swap Optional Termination Payment) and the Group 1 Estimated
        Swap Termination Payment. Upon the Trustee’s providing the notice described in
        the preceding sentence, the Group 1 Optional Termination shall become
        irrevocable, the notice to the related Certificateholders of such Group 1
        Optional Termination provided pursuant to the second paragraph of Section
        9.01(k) shall become unrescindable, the Group 1 Swap Provider shall determine
        the Group 1 Swap Optional Termination Payment in accordance with the Group
        1
        Interest Rate Swap Agreement, and the Group 1 Swap Provider shall provide
        to the
        Trustee written notice of the amount of the Group 1 Swap Optional Termination
        Payment not later than one Business Day prior to the final Distribution Date
        specified in the notice required pursuant to Section 9.01(k) and in the event
        the Trustee fails to provide the notice described in the preceding sentence,
        any
        notice provided under Section 9.01(k) shall be deemed rescinded. 

      

      (e) In
        connection with any Group 1 Optional Termination, only an amount equal to
        the
        purchase price less any Group 1 Swap Optional Termination Payment and less
        any
        amounts payable to the Certificate Insurer shall be made available for
        distribution to the related Regular Certificates; provided that the amount
        to be
        distributed to the Class 1-AM Certificates and to the Certificate Insurer
        must
        be sufficient to not result in a draw on the Certificate Guaranty Insurance
        Policy and not leave any amount owed to the Certificate Insurer unpaid. Any
        Group 1 Estimated Swap Termination Payment deposited into the Certificate
        Account by the Master Servicer shall be withdrawn by the Trustee from the
        Certificate Account on the related final Distribution Date (prior to the
        distribution of any amounts pursuant to Section 9.01(k)) and distributed
        as
        follows: (i) to the Group 1 Supplemental Interest Trust for payment to the
        Group
        1 Swap Provider in accordance with Section 4.10(ii), as applicable, an amount
        equal to the Group 1 Swap Optional Termination Amount calculated pursuant
        to the
        Group 1 Interest Rate Swap Agreement, provided that in no event shall the
        amount
        distributed to the Group 1 Swap Provider in respect of the Group 1 Swap Optional
        Termination Amount exceed the Group 1 Estimated Swap Termination Payment,
        and
        (ii) to the Master Servicer an amount equal to the excess, if any, of the
        Group
        1 Estimated Swap Termination Payment over the Group 1 Swap Optional Termination
        Payment. The Group 1 Swap Optional Termination Payment shall not be part
        of any
        REMIC and shall not be paid into any account which is part of any
        REMIC.

      

      
        
           

        

        
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      (f) Subject
        to Section 9.03, the respective obligations and responsibilities of the
        Depositor, the Master Servicer and the Trustee created hereby (other than
        the
        obligations of the Master Servicer to the Trustee pursuant to Section 8.05
        and
        of the Master Servicer to provide for and the Trustee to make payments to
        Certificateholders as hereafter set forth) shall terminate, with respect
        to Loan
        Group 2, upon payment to the related Certificateholders of all amounts held
        by
        or on behalf of the Trustee and required to be paid to them hereunder following
        the earlier to occur of (i) the repurchase by the Master Servicer or its
        designee of all Group 2 Loans and each related REO Property in respect thereof
        remaining in the Trust Fund at a price in cash equal to (a) 100% of the unpaid
        principal balance of each such Mortgage Loan in Loan Group 2 (other than
        one as
        to which a REO Property was acquired) on the day of repurchase together with
        accrued interest on such unpaid principal balance at the Group 2 Net Mortgage
        Rate to the first day of the month in which the proceeds of such repurchase
        are
        to be distributed, plus (b) the appraised value of any such REO Property
        (but
        not more than the unpaid principal balance of the related Mortgage Loan,
        together with accrued interest on that balance at the Group 2 Net Mortgage
        Rate
        to the first day of the month such repurchase price is distributed), less
        the
        good faith estimate of the Master Servicer of liquidation expenses to be
        incurred in connection with its disposal thereof, such appraisal to be conducted
        by an appraiser selected by the Master Servicer and at the expense of the
        Master
        Servicer, plus (c) any Group 2 Swap Termination Payment (which shall include
        any
        Group 2 Net Swap Payment payable for the final Distribution Date) payable
        to the
        Group 2 Swap Provider pursuant to the related Group 2 Interest Rate Swap
        Agreement which remains unpaid or which is due to the exercise of such option
        (a
“Group 2 Swap Optional Termination Payment”) and plus (d) any unreimbursed
        amounts owed to the Certificate Insurer under the Certificate Guaranty Insurance
        Policy, the Insurance Agreement and this Agreement, and (ii) the final payment
        or other liquidation (or any Advance with respect thereto) of the last Mortgage
        Loan in Loan Group 2 remaining in the Trust Fund (or the disposition of all
        REO
        Property in respect thereof); provided,
        however,
        that in
        no event shall the trust created hereby continue beyond the earlier of (i)
        the
        Distribution Date occurring in December 2036 (ii) the expiration of 21 years
        from the death of the last survivor of the descendants of Joseph P. Kennedy,
        the
        late ambassador of the United States to the Court of St. James, living on
        the
        date hereof and (iii) the “latest possible maturity date” specified in the
        Preliminary Statements with respect to the related Regular Interests and
        Certificates, and provided further,
        that
        the purchase price set forth above shall be increased as is necessary, as
        determined by the Master Servicer, to avoid disqualification of any of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 as a REMIC. In the case of any repurchase by
        the
        Master Servicer pursuant to clause (i), the Master Servicer shall exercise
        reasonable efforts to cooperate fully with the Trustee in effecting such
        repurchase and the transfer of the Group 2 Loans and related Mortgage Files
        and
        related records to the Master Servicer.

      

      
        
           

        

        
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      The
        right
        of the Master Servicer or its designee to repurchase all Group 2 Loans pursuant
        to (f)(i) above shall be conditioned upon the Aggregate Stated Principal
        Balance
        of such Mortgage Loans at the time of any such repurchase aggregating to
        an
        amount equal to or less than 10% of the Group 2 Cut-off Date Balance of such
        Mortgage Loans; provided,
        however,
        that no
        such purchase will be permitted if it would result in a draw on the Certificate
        Guaranty Insurance Policy or any amounts owed to the Certificate Insurer
        would
        remain unpaid, unless the Certificate Insurer consents in writing to such
        purchase. If such right is exercised, the Master Servicer upon such repurchase
        shall provide to the Trustee and the Certificate Insurer, notice of such
        exercise prior to the Determination Date in the month preceding the month
        of
        purchase and the certification required by Section 3.16.

      

      In
        the
        case of a repurchase of Mortgage Loans and REO Property related to Loan Group
        2
        pursuant to clause (f)(i) above, only an amount equal to the repurchase price
        specified in such clause (f)(i) above for such Mortgage Loans and REO Property,
        less any related Group 2 Swap Optional Termination Payment and any portion
        of
        the repurchase price consisting of the unreimbursed amounts owed to the
        Certificate Insurer, shall be made available for distribution to the related
        Regular Certificates and Class 2-IO Interests. The Group 2 Swap Optional
        Termination Payment shall be withdrawn by the Trustee from the Certificate
        Account and remitted to the Group 2 Supplemental Interest Trust to be paid
        in
        accordance with Section 4.11(ii). The Group 2 Swap Optional Termination Payment
        shall not be part of any REMIC and shall not be paid into any account which
        is
        part of any REMIC.

      

      (g) The
        Master Servicer has the right to repurchase all of the Mortgage Loans and
        related REO Properties pursuant to clause (i) of Section 9.01(f), conditioned
        upon the related Aggregate Stated Principal Balance of such Group 2 Loans
        at the
        time of any such repurchase aggregating to an amount equal to or less than
        10%
        of the Group 2 Cut-off Date Balance. If the Master Servicer elects to terminate
        the Trust pursuant to this Section 9.01 (such termination, a “Group 2 Optional
        Termination”), the Master Servicer shall, at least 20 days prior to the last
        date on which notice of such Group 2 Optional Termination is required to
        be
        mailed to the related Certificateholders pursuant to Section 9.01(k), notify
        in
        writing (which may be done in electronic format) the Depositor, the Master
        Servicer, the Trustee and the Group 2 Swap Provider of the final Distribution
        Date on which the Master Servicer intends to terminate the Trust Fund.

      

      (h) In
        connection with any Group 2 Optional Termination, four Business Days prior
        to
        the final Distribution Date specified in the notice required pursuant to
        Section
        9.01(k), the Master Servicer shall, no later than 4:00 pm New York City time
        on
        such day, request in writing (in accordance with the applicable provision
        of the
        Group 2 Interest Rate Swap Agreement) and by phone from the Group 2 Swap
        Provider the amount of the related Group 2 Estimated Swap Termination Payment.
        The Group 2 Swap Provider shall, no later than 2:00 pm on the following Business
        Day, notify in writing (which may be done in electronic format) the Trustee
        of
        the amount of the Group 2 Estimated Swap Termination Payment; the Trustee
        shall
        promptly on the same day notify the Master Servicer of the amount of the
        related
        Group 2 Estimated Swap Termination Payment. 

      

      
        
           

        

        
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      (i) Two
        Business Days prior to the final Distribution Date specified in the notice
        required pursuant to Section 9.01(k), (i) the Master Servicer shall, no later
        than 1:00 pm New York City time on such day, deposit funds in the Certificate
        Account in an amount equal to the sum of the purchase price (other than the
        related Group 2 Swap Optional Termination Payment) and the Group 2 Estimated
        Swap Termination Payment, and (ii) if Trustee is notified in writing that
        the
        aggregate Stated Principal Balance of all of the Group 2 Loans in the Trust
        Fund
        as of the related Determination Date is not more than 10% of the aggregate
        Cut-off Date Balance of all of the Group 2 Loans, and the requirements of
        the
        Group 2 Optional Termination set forth in this Section 9.01 have been met,
        including the deposit required pursuant to the immediately preceding clause
        (i)
        then the Trustee shall, on the same Business Day, provide written notice
        to the
        the Depositor, the Certificate Insurer, the Master Servicer, the Trustee
        on
        behalf of the Group 2 Supplemental Interest Trust, the Trustee and the Group
        2
        Swap Provider confirming (in accordance with the applicable provisions of
        the
        Group 2 Interest Rate Swap Agreement) its receipt of the purchase price (other
        than the Group 2 Swap Optional Termination Payment) and the Group 2 Estimated
        Swap Termination Payment. Upon the Trustee’s providing the notice described in
        the preceding sentence, the Group 2 Optional Termination shall become
        irrevocable, the notice to the related Certificateholders of such Group 2
        Optional Termination provided pursuant to the second paragraph of Section
        9.01(k) shall become unrescindable, the Group 2 Swap Provider shall determine
        the Group 2 Swap Optional Termination Payment in accordance with the Group
        2
        Interest Rate Swap Agreement, and the Group 2 Swap Provider shall provide
        to the
        Trustee written notice of the amount of the Group 2 Swap Optional Termination
        Payment not later than one Business Day prior to the final Distribution Date
        specified in the notice required pursuant to Section 9.01(k) and in the event
        the Trustee fails to provide the notice described in the preceding sentence,
        any
        notice provided under Section 9.01(k) shall be deemed rescinded. 

      

      (j) In
        connection with any Group 2 Optional Termination, only an amount equal to
        the
        purchase price less any Group 2 Swap Optional Termination Payment and less
        any
        amounts payable to the Certificate Insurer shall be made available for
        distribution to the related Regular Certificates; provided that the amount
        to be
        distributed to the Class 2-A Certificates and to the Certificate Insurer
        must be
        sufficient to not result in a draw on the Certificate Guaranty Insurance
        Policy
        and not leave any amount owed to the Certificate Insurer unpaid. Any Group
        2
        Estimated Swap Termination Payment deposited into the Certificate Account
        by the
        Master Servicer shall be withdrawn by the Trustee from the Certificate Account
        on the related final Distribution Date (prior to the distribution of any
        amounts
        pursuant to Section 9.01(k)) and distributed as follows: (i) to the Group
        2
        Supplemental Interest Trust for payment to the Group 2 Swap Provider in
        accordance with Section Section 4.11(ii), as applicable, an amount equal
        to the
        Group 2 Swap Optional Termination Amount calculated pursuant to the Group
        2
        Interest Rate Swap Agreement, provided that in no event shall the amount
        distributed to the Group 2 Swap Provider in respect of the Group 2 Swap Optional
        Termination Amount exceed the Group 2 Estimated Swap Termination Payment,
        and
        (ii) to the Master Servicer an amount equal to the excess, if any, of the
        Group
        2 Estimated Swap Termination Payment over the Group 2 Swap Optional Termination
        Payment. The Group 2 Swap Optional Termination Payment shall not be part
        of any
        REMIC and shall not be paid into any account which is part of any
        REMIC.

      

      
        
           

        

        
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      (k) Written
        notice of any termination, specifying the Distribution Date upon which the
        related Certificateholders may surrender their Certificates to the Trustee
        for
        payment of the final distribution and cancellation, shall be given promptly
        by
        the Trustee by letter to the related Certificateholders, the Swap Providers
        and
        the Certificate Insurer mailed (a) in the event such notice is given in
        connection with the Master Servicer's election to repurchase, not earlier
        than
        the 15th day and not later than the 25th day of the month next preceding
        the
        month of such final distribution or (b) otherwise during the month of such
        final
        distribution on or before the 15th day of the month (or if such 15th day
        is not
        a Business Day, on the Business Day immediately preceding such 15th day)
        in such
        month, in each case specifying (i) the Distribution Date upon which final
        payment of such Certificates will be made upon presentation and surrender
        of
        Certificates at the office of the Trustee therein designated, (ii) the amount
        of
        any such final payment and (iii) that the Record Date otherwise applicable
        to
        such Distribution Date is not applicable, payments being made only upon
        presentation and surrender of such Certificates at the office of the Trustee
        therein specified. In the event such notice is given in connection with the
        Master Servicer or its designee's election to repurchase, the Master Servicer
        or
        its designee shall deliver to the Trustee for deposit in the Certificate
        Account
        on the day which is two Business Days immediately preceding the Distribution
        Date specified in such notice an amount equal to the above-described repurchase
        price payable out of its own funds. Upon presentation and surrender of the
        related Certificates by the Certificateholders, the Trustee shall first,
        pay
        itself its fee for such Distribution Date (as described in Section 8.05 )
        and
        any other amounts owing to the Trustee under this Agreement, and second,
        distribute to such Certificateholders and the Certificate Insurer (i) the
        amount
        otherwise distributable on such Distribution Date, if not in connection with
        the
        Master Servicer's election to repurchase, or (ii) if the Master Servicer
        elected
        to so repurchase, an amount determined as follows: with respect to each related
        Regular Certificate, the outstanding Certificate Principal Balance thereof,
        plus
        with respect to each Regular Certificate (other than the Class P Certificates)
        and the related Class IO Interest, one month's interest thereon at the
        applicable Pass-Through Rate, or otherwise distributable thereto, and any
        Unpaid
        Interest Shortfall Amount, plus with respect to each Subordinate Certificate,
        any unpaid Allocated Realized Loss Amount; with respect to the Class R
        Certificates, the Percentage Interest evidenced thereby multiplied by the
        difference, if any, between the above described repurchase price (as adjusted
        in
        accordance with the preceding paragraph) and the aggregate amount to be
        distributed to the Holders of the related Regular Certificates and the related
        Class IO Interest, subject to the priorities set forth in Section 4.01; and
        with
        respect to the Certificate Insurer, any amounts owed under the Certificate
        Guaranty Insurance Policy, the Insurance Agreement and this Agreement. Upon
        certification to the Trustee and the Custodian by a Servicing Officer, following
        such final deposit, the Custodian shall promptly release the Mortgage Files
        as
        directed by the Master Servicer for the remaining Mortgage Loans, and the
        Trustee shall execute all assignments, endorsements and other instruments
        required by the Master Servicer as being necessary to effectuate such
        transfer.

      

      In
        the
        event that all of the related Certificateholders shall not surrender their
        Certificates for cancellation within six months after the time specified
        in the
        above-mentioned notice, the Trustee shall give a second notice to the remaining
        related Certificateholders to surrender their Certificates for cancellation
        and
        receive the final distribution with respect thereto. If within six months
        after
        the second notice all of the related Certificates shall not have been
        surrendered for cancellation, the Trustee shall take reasonable steps as
        directed by the Depositor in writing, or appoint an agent to take reasonable
        steps, to contact the remaining related Certificateholders concerning surrender
        of their Certificates, and the cost thereof shall be paid out of the funds
        and
        other assets which remain subject hereto. If within nine months after the
        second
        notice all the Certificates shall not have been surrendered for cancellation,
        the Class R Certificateholders shall be entitled to all unclaimed funds and
        other assets which remain subject hereto.

      

      
        
           

        

        
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      Section
        9.02. Termination
        of REMIC 4 and Retirement of Class R Certificates.

      

      REMIC
        4
        shall be terminated on the earlier of (i) the date on which the last
        distribution due on each of the REMIC 4 Regular Interests and Class R
        Certificates (in respect of the Class R-4 Interest) is made and (ii) the
        date on
        which it is terminated pursuant to an optional repurchase of all of the Mortgage
        Loans in accordance with Section 9.03.
        Notwithstanding anything to the contrary herein, the Class R Certificates
        will
        not be retired until the later of (i) the retirement of all the Certificates
        related to Loan Group 1 and (ii) the retirement of all the Certificates related
        to Loan Group 2.

      

      Section
        9.03. Additional
        Termination Requirements.

      

      (a) In
        the
        event the Master Servicer repurchases any Mortgage Loans or REO Property
        in a
        Loan Group as provided in Section 9.01, the Trust Fund shall be terminated
        in
        accordance with the following additional requirements, unless the Master
        Servicer, at its own expense, obtains for the Trustee an Opinion of Counsel
        (which shall be provided to the Trustee at least two Business Days prior
        to the
        related Distribution Date) to the effect that the failure of the Trust Fund
        to
        comply with the requirements of this Section 9.03 will not (i) result in
        the
        imposition on the Trust of taxes on “prohibited transactions,” as described in
        Section 860F of the Code, or (ii) cause either REMIC 1, REMIC 2, REMIC 3
        or
        REMIC 4 to fail to qualify as a REMIC at any time that any Certificate is
        outstanding:

      

      (i) The
        Master Servicer shall establish a 90-day liquidation period and notify the
        Trustee in writing thereof, and the Trustee shall in turn specify the first
        day
        of such period in a statement attached to the Tax Return for each of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4, as the case may be, pursuant to Treasury Regulation
        Section 1.860F-1. The Master Servicer and the Trustee also shall satisfy
        all of
        the requirements of a qualified liquidation for REMIC 1, REMIC 2, REMIC 3
        or
        REMIC 4, as the case may be, under Section 860F of the Code and regulations
        thereunder, as evidenced by an Opinion of Counsel obtained at the expense
        of the
        Master Servicer, as applicable; 

      

      (ii) During
        such 90-day liquidation period, and at or prior to the time of making the
        final
        payment on the related Certificates, the Trustee shall sell all of the assets
        of
        REMIC 1 or REMIC 2, as the case may be, for cash; and

      

      
        
           

        

        
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      (iii) At
        the
        time of the making of the final payment on the related Certificates, the
        Trustee
        shall distribute or credit, or cause to be distributed or credited, to the
        Holders of the Class R Certificates all cash on hand (other than cash retained
        to meet claims), and REMIC 1, REMIC 2, REMIC 3 or REMIC 4, as the case may
        be,
        shall terminate at that time.

      

      (b) By
        their
        acceptance of the Certificates, the Holders thereof hereby authorize the
        adoption of a 90-day liquidation period and the adoption of a plan of complete
        liquidation for the related REMICs, which authorization shall be binding
        upon
        all successor Certificateholders.

      

      (c) The
        Trustee as agent for each REMIC hereby agrees to adopt and sign such a plan
        of
        complete liquidation meeting the requirements for a qualified liquidation
        under
        Section 860F of the Code and any regulations thereunder upon the written
        request
        of the Master Servicer and the receipt of the Opinion of Counsel referred
        to in
        clause (a)(i) above and to take such other action in connection therewith
        as may
        be reasonably requested by the Master Servicer.

      

      
        
           

        

        
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      ARTICLE
        X

      

      REMIC
        PROVISIONS

      

      Section
        10.01. REMIC
        Administration.

      

      (a) The
        Trustee shall make an election to treat the Trust Fund as four REMICs under
        the
        Code and, if necessary, under applicable state law. Each such election will
        be
        made on Form 1066 or other appropriate federal tax or information return
        (including Form 8811) or any appropriate state return for the taxable year
        ending on the last day of the calendar year in which the Certificates are
        issued. For the purposes of the REMIC elections in respect of the Trust Fund,
        (i) the Class R-1 Interest will constitute the sole class of Residual Interests
        in REMIC 1, the REMIC 1 Regular Interests shall be designated as the Regular
        Interests in REMIC 1 (ii) the Class R-2 Interest will constitute the sole
        class
        of Residual Interests in REMIC 2, the REMIC 2 Regular Interests shall be
        designated as the Regular Interests in REMIC 2, (iii) the Class R-3 Interest
        will constitute the sole class of Residual Interests in REMIC 3, the REMIC
        3
        Regular Interests shall be designated as the Regular Interests in REMIC 3,
        (iv)
        the Class R-4 Interest will constitute the sole class of Residual Interests
        in
        REMIC 4, and the REMIC 4 Regular Interests shall be designated as the Regular
        Interests in REMIC 4. The Master Servicer and the Trustee shall not permit
        the
        creation of any “interests” (within the meaning of Section 860G of the Code) in
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 other than the REMIC 1 Regular Interests,
        REMIC 2 Regular Interests, REMIC 3 Regular Interests, REMIC 4 Regular Interests,
        the Class R-1 Interest, the Class R-2 Interest, the Class R-3 Interest and
        the
        Class R-4 Interest. The Trustee will apply for an Employee Identification
        Number
        from the Internal Revenue Service via Form SS-4 or any other acceptable method
        for each of REMIC 1, REMIC 2, REMIC 3 or REMIC 4.

      

      (b) The
        Closing Date is hereby designated as the “startup day” of the Trust Fund within
        the meaning of Section 860G(a)(9) of the Code.

      

      (c) The
        Trustee shall pay out of its own funds, without any right of reimbursement,
        any
        and all expenses relating to any tax audit of the REMICs (including, but
        not
        limited to, any professional fees or any administrative or judicial proceedings
        with respect to the REMICs that involve the Internal Revenue Service or state
        tax authorities), other than the expense of obtaining any tax-related Opinion
        of
        Counsel except as specified herein. The Trustee, as agent for the REMICs'
        Tax
        Matters Person, shall (i) act on behalf of the REMICs in relation to any
        tax
        matter or controversy involving the Trust Fund and (ii) represent the Trust
        Fund
        in any administrative or judicial proceeding relating to an examination or
        audit
        by any governmental taxing authority with respect thereto. 

      

      (d) The
        Trustee shall prepare, sign and file all of the Tax Returns (including Form
        8811, which must be filed within 30 days of the Closing Date) in respect
        of the
        REMICs created hereunder. The expenses of preparing and filing such returns
        shall be borne by the Trustee without any right of reimbursement therefor.
        The
        Master Servicer shall provide on a timely basis to the Trustee or its designee
        such information with respect to the assets of the REMICs as is in its
        possession and reasonably required by the Trustee to enable it to perform
        its
        obligations under this Article X.

      

      
        
           

        

        
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      (e) The
        Trustee shall perform on behalf of the REMICs all reporting and other tax
        compliance duties that are the responsibility of the REMICs under the Code,
        the
        REMIC Provisions or other compliance guidance issued by the Internal Revenue
        Service or any state or local taxing authority. Among its other duties, as
        required by the Code, the REMIC Provisions or other such compliance guidance,
        the Trustee shall provide (i) to any Transferor of a Class R Certificate
        such
        information as is necessary for the application of any tax relating to the
        transfer of a Class R Certificate to any Person who is not a Permitted
        Transferee, (ii) to the Certificateholders such information or reports as
        are
        required by the Code or the REMIC Provisions including reports relating to
        interest, original issue discount and market discount or premium (using the
        Prepayment Assumption as required) and (iii) to the Internal Revenue Service
        the
        name, title, address and telephone number of the Person who will serve as
        the
        representative of the REMICs. The Master Servicer shall provide on a timely
        basis to the Trustee such information with respect to the assets of the REMICs,
        including, without limitation, the related Mortgage Loans, as is in its
        possession and reasonably required by the Trustee to enable it to perform
        its
        obligations under this subsection. In addition, the Depositor shall provide
        or
        cause to be provided to the Trustee, within ten (10) days after the Closing
        Date, all information or data that the Trustee reasonably determines to be
        relevant for tax purposes as to the valuations and issue prices of the
        Certificates, including, without limitation, the price, yield, Prepayment
        Assumption and projected cash flow of the Certificates.

      

      (f) The
        Trustee shall take such action and shall cause the REMICs created hereunder
        to
        take such action as shall be necessary to create or maintain the status thereof
        as REMICs under the REMIC Provisions (and the Master Servicer shall assist
        it,
        to the extent reasonably requested by it). The Trustee shall not take any
        action
        or cause the Trust Fund to take any action, or fail to take (or fail to cause
        to
        be taken), any action that, under the REMIC Provisions, if taken or not taken,
        as the case may be, could (i) endanger the status of the REMIC 1, REMIC 2,
        REMIC
        3 or REMIC 4 as REMICs or (ii) result in the imposition of a tax upon the
        REMICs
        (including but not limited to the tax on prohibited transactions as defined
        in
        Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set
        forth
        in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”)
        unless the Trustee has received an Opinion of Counsel, addressed to the Trustee
        (at the expense of the party seeking to take or not take such action, but
        in no
        event at the expense of the Trustee) to the effect that the contemplated
        action
        or omission will not, with respect to the REMICs created hereunder, endanger
        such status or result in the imposition of such a tax; nor shall the Master
        Servicer take, or fail to take, any action (whether or not authorized hereunder)
        as to which the Trustee has advised it in writing that it has received an
        Opinion of Counsel to the effect that an Adverse REMIC Event could occur
        with
        respect to the taking, or omission of, such action. In addition, prior to
        taking, or failing to take, any action with respect to the REMICs or the
        assets
        of the REMICs, or causing, or failing to cause, the REMICs to take any action,
        which is not contemplated under the terms of this Agreement, the Master Servicer
        will consult with the Trustee or its designee, in writing, with respect to
        whether the taking, or omission of, such action could cause an Adverse REMIC
        Event to occur with respect to any REMIC, and the Master Servicer shall not
        take, or fail to take, any such action, or cause, or fail to cause, any REMIC
        to
        take, any such action as to which the Trustee has advised it in writing that
        an
        Adverse REMIC Event could occur. The Trustee may consult with counsel to
        provide
        such written advice, and the cost of same shall be borne by the party seeking
        to
        take or not take the action other than as permitted by this Agreement, but
        in no
        event shall such cost be an expense of the Trustee. At all times as may be
        required by the Code, the Trustee will ensure that substantially all of the
        assets of the REMICs created hereunder will consist of “qualified mortgages” as
        defined in Section 860G(a)(3) of the Code and “permitted investments” as defined
        in Section 860G(a)(5) of the Code.

      

      
        
           

        

        
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      (g) In
        the
        event that any tax is imposed on “prohibited transactions” of any REMIC created
        hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from
        foreclosure property” of any REMIC as defined in Section 860G(c) of the Code, on
        any contributions to any REMIC after the Startup Day therefor pursuant to
        Section 860G(d) of the Code, or any other tax is imposed by the Code or any
        applicable provisions of state or local tax laws, such tax shall be charged
        (i)
        to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of
        or
        results from a breach by the Trustee of any of its obligations under this
        Article X, (ii) to the Master Servicer pursuant to Section 10.03 hereof,
        if such
        tax arises out of or results from a breach by the Master Servicer of any
        of its
        obligations under Article III or this Article X or otherwise, (iii) to the
        Master Servicer as provided in Section 3.05 and (iv) against amounts related
        to
        such REMIC and the Loan Group to which such REMIC relates on deposit in the
        Certificate Account and shall be paid by withdrawal therefrom to the extent
        not
        required to be paid by the Master Servicer or the Trustee pursuant to another
        provision of this Agreement.

      

      (h) On
        or
        before April 15 of each calendar year, commencing April 15, 2007, the Trustee
        shall deliver to the Master Servicer and the Rating Agency a Certificate
        from a
        Responsible Officer of the Trustee stating the Trustee’s compliance with this
        Article X.

      

      (i) The
        Trustee shall, for federal income tax purposes, maintain books and records
        with
        respect to the REMICs on a calendar year and on an accrual basis.

      

      (j) Following
        the Startup Day, the Trustee shall not accept any contributions of assets
        to the
        REMICs other than in connection with any Qualified Substitute Mortgage Loan
        delivered in accordance with Section 2.04 unless it shall have received an
        Opinion of Counsel to the effect that the inclusion of such assets in the
        REMICs
        will not cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as
        REMICs
        at any time that any Certificates are outstanding or subject either REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 to any tax under the REMIC Provisions or other
        applicable provisions of federal, state and local law or
        ordinances.

      

      
        
           

        

        
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      (k) Neither
        the Trustee nor the Master Servicer shall enter into any arrangement under
        which
        the REMICs will receive a fee or other compensation for services nor permit
        the
        REMICs to receive any income from assets other than “qualified mortgages” as
        defined in Section 860G(a)(3) of the Code or “permitted investments” as defined
        in Section 860G(a)(5) of the Code.

      

      Section
        10.02. Prohibited
        Transactions and Activities.

      

      None
        of
        the Depositor, the Master Servicer or the Trustee shall (except as otherwise
        expressly permitted under the terms of this Agreement) (1) sell, dispose
        of or
        substitute for any of the Mortgage Loans (except in connection with (i) the
        foreclosure of a Mortgage Loan, including but not limited to, the acquisition
        or
        sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii)
        the
        bankruptcy of the Trust Fund, (iii) the termination of REMIC 1, REMIC 2,
        REMIC 3
        or REMIC 4 pursuant to Article IX of this Agreement, (iv) a substitution
        pursuant to Article II of this Agreement or (v) a purchase of defective or
        defaulted Mortgage Loans pursuant to Article II or III of this Agreement),
        nor
        acquire any assets for the Trust Fund (other than REO Property acquired in
        respect of a defaulted Mortgage Loan), (2) sell or dispose of any investments
        in
        the Custodial Account or the Certificate Account for gain, (3) accept any
        contributions to the REMICs after the Closing Date (other than a Qualified
        Substitute Mortgage Loan delivered in accordance with Section 2.04), in each
        case, unless it has received an Opinion of Counsel, addressed to the Trustee
        (at
        the expense of the party seeking to cause such sale, disposition, substitution,
        acquisition or contribution, but in no event at the expense of the Trustee)
        that
        such sale, disposition, substitution, acquisition or contribution will not
        (a)
        affect adversely the status of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as REMICs
        or
        (b) cause the Trust Fund to be subject to a tax on “prohibited transactions” or
“contributions” pursuant to the REMIC Provisions.

      

      Section
        10.03. Master
        Servicer and Trustee Indemnification.

      

      (a) The
        Trustee agrees to indemnify the Trust Fund, the Depositor, and the Master
        Servicer for any taxes and costs including, without limitation, any reasonable
        attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or
        the
        Master Servicer, as a result of a breach of the Trustee’s covenants set forth in
        this Article X.

      

      (b) The
        Master Servicer agrees to indemnify the Trust Fund, the Depositor and the
        Trustee for any taxes and costs including, without limitation, any reasonable
        attorneys' fees imposed on or incurred by the Trust Fund, the Certificate
        Insurer, the Depositor or the Trustee, as a result of a breach of the Master
        Servicer's covenants set forth in Article III or this Article X, in each
        case
        with respect to compliance with the REMIC Provisions.

      

      
        
           

        

        
          200

          
            

          

        

        
           

        

      

      ARTICLE
        XI

      

      MISCELLANEOUS
        PROVISIONS

      

      Section
        11.01. Amendment.

      

      This
        Agreement may be amended from time to time by the Depositor, the Master Servicer
        and the Trustee, with the consent of the Certificate Insurer (so long as
        no
        Insurer Default has occurred and is continuing) without the consent of any
        of
        the Certificateholders or the Swap Provider, (i) to cure any ambiguity, (ii)
        to
        correct or supplement any provisions herein which may be defective or
        inconsistent with any other provisions herein or to correct any error, (iii)
        to
        amend this Agreement in any respect subject to the provisions in clauses
        (A) and
        (B) below, or (iv) if such amendment, as evidenced by an Opinion of Counsel
        (provided by the Person requesting such amendment) delivered to the Trustee,
        is
        reasonably necessary to comply with any requirements imposed by the Code
        or any
        successor or amendatory statute or any temporary or final regulation, revenue
        ruling, revenue procedure or other written official announcement or
        interpretation relating to federal income tax laws or any proposed such action
        which, if made effective, would apply retroactively to the Trust Fund at
        least
        from the effective date of such amendment; provided
        that
        such action (except any amendment described in (iv) above) shall not adversely
        affect in any material respect the interests of any Certificateholder (other
        than Certificateholders who shall consent to such amendment), the Certificate
        Insurer (if an Insurer Default has occurred and is continuing) and the Swap
        Provider, as evidenced by (A) an Opinion of Counsel (provided by the Person
        requesting such amendment) delivered to the Trustee, the Swap Provider and
        the
        Certificate Insurer and (B) a letter from each Rating Agency, confirming
        that
        such amendment shall not cause it to lower its rating on any of the Certificates
        without taking the Certificate Guaranty Insurance Policy into
        account.

      

      This
        Agreement may also be amended from time to time by the Depositor, the Master
        Servicer and the Trustee with the consent of the Certificate Insurer and
        Holders
        of Certificates entitled to at least 66-2/3% of the Voting Rights for the
        purpose of adding any provisions to or changing in any manner or eliminating
        any
        of the provisions of this Agreement or of modifying in any manner the rights
        of
        the Holders of Certificates; provided,
        however,
        that no
        such amendment shall (i) reduce in any manner the amount of, or delay the
        timing
        of, payments received on Mortgage Loans which are required to be distributed
        on
        any Certificate without the consent of the Holder of such Certificate, (ii)
        adversely affect in any material respect the interests of the Holders of
        any
        Class of Certificates in a manner other than as described in (i), without
        the
        consent of the Holders of Certificates of such Class evidencing at least
        66-2/3%
        of the Voting Rights of such Class, or (iii) reduce the aforesaid percentage
        of
        Certificates the Holders of which are required to consent to any such amendment,
        without the consent of the Holders of all Certificates then outstanding.
        Notwithstanding any other provision of this Agreement, for purposes of the
        giving or withholding of consents pursuant to this Section 11.01, Certificates
        registered in the name of the Sponsor or the Master Servicer or any affiliate
        thereof shall be entitled to Voting Rights with respect to matters described
        in
        (i), (ii) and (iii) of this paragraph.

      

      
        
           

        

        
          201

          
            

          

        

        
           

        

      

      

      

      Notwithstanding
        any contrary provision of this Agreement, the Trustee shall not consent to
        any
        amendment to this Agreement unless they shall have first received an Opinion
        of
        Counsel (provided by the Person requesting such amendment) to the effect
        that
        such amendment will not result in the imposition of any tax on either REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 pursuant to the REMIC Provisions or cause either
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC at any
        time
        that any Certificates are outstanding.

      

      Promptly
        after the execution of any such amendment the Trustee shall furnish a copy
        of
        such amendment or a written statement describing the amendment to each
        Certificateholder, with a copy to the Rating Agencies, the Certificate Insurer
        and the Swap Provider.

      

      It
        shall
        not be necessary for the consent of Certificateholders under this Section
        11.01
        to approve the particular form of any proposed amendment, but it shall be
        sufficient if such consent shall approve the substance thereof. The manner
        of
        obtaining such consents and of evidencing the authorization of the execution
        thereof by Certificateholders shall be subject to such reasonable regulations
        as
        the Trustee may prescribe.

      

      Notwithstanding
        any of the other provisions of this Section 11.01, none of the Depositor,
        the
        Master Servicer nor the Trustee shall (i) enter into any amendment to Section
        4.09 or Section 4.01(l)(vii) or (m)(vii) of this Agreement without the prior
        written consent of the Swap Provider or (ii) enter into an amendment of this
        Agreement, as evidenced by an Officer's Certificate of the Depositor, that
        could
        reasonably be expected to have a materially adverse effect on the Swap Provider
        without the Swap Provider's consent, which consent shall not be unreasonably
        withheld, conditioned or delayed.

      

      Prior
        to
        executing any amendment pursuant to this Section, the Trustee shall be entitled
        to receive an Opinion of Counsel (provided by the Person requesting such
        amendment) to the effect that such amendment is authorized or permitted by
        this
        Agreement. The cost of any Opinion of Counsel delivered pursuant to this
        Section
        11.01 shall be an expense of the party requesting such amendment, but in
        any
        case shall not be an expense of the Trustee.

      

      The
        Trustee may, but shall not be obligated to, enter into any amendment pursuant
        to
        this Section that affects its rights, duties and immunities under this Agreement
        or otherwise.

      

      Section
        11.02. Recordation
        of Agreement; Counterparts.

      

      To
        the
        extent permitted by applicable law, this Agreement is subject to recordation
        in
        all appropriate public offices for real property records in all the counties
        or
        other comparable jurisdictions in which any or all of the properties subject
        to
        the Mortgages are situated, and in any other appropriate public recording
        office
        or elsewhere, such recordation to be effected by the Master Servicer at the
        expense of the Certificateholders, but only upon direction of the Depositor
        accompanied by an Opinion of Counsel to the effect that such recordation
        materially and beneficially affects the interests of the
        Certificateholders.

      

      
        
           

        

        
          202

          
            

          

        

        
           

        

      

      

      

      For
        the
        purpose of facilitating the recordation of this Agreement as herein provided
        and
        for other purposes, this Agreement may be executed simultaneously in any
        number
        of counterparts, each of which counterparts shall be deemed to be an original,
        and such counterparts shall constitute but one and the same
        instrument.

      

      Section
        11.03. Limitation
        on Rights of Certificateholders.

      

      The
        death
        or incapacity of any Certificateholder shall not operate to terminate this
        Agreement or the Trust Fund, nor entitle such Certificateholder's legal
        representatives or heirs to claim an accounting or to take any action or
        proceeding in any court for a partition or winding up of the Trust Fund,
        nor
        otherwise affect the rights, obligations and liabilities of the parties hereto
        or any of them.

      

      No
        Certificateholder shall have any right to vote (except as expressly provided
        for
        herein) or in any manner otherwise control the operation and management of
        the
        Trust Fund, or the obligations of the parties hereto, nor shall anything
        herein
        set forth, or contained in the terms of the Certificates, be construed so
        as to
        constitute the Certificateholders from time to time as partners or members
        of an
        association; nor shall any Certificateholder be under any liability to any
        third
        party by reason of any action taken by the parties to this Agreement pursuant
        to
        any provision hereof.

      

      No
        Certificateholder shall have any right by virtue of any provision of this
        Agreement to institute any suit, action or proceeding in equity or at law
        upon
        or under or with respect to this Agreement, unless such Holder previously
        shall
        have given to the Trustee a notice of an Event of Default, or of a default
        by
        the Sponsor or the Trustee in the performance of any obligation hereunder,
        and
        of the continuance thereof, as hereinbefore provided, and unless also the
        Holders of Certificates entitled to at least 51% of the Voting Rights shall
        have
        made written request upon the Trustee to institute such action, suit or
        proceeding in its own name as Trustee hereunder and shall have offered to
        the
        Trustee such reasonable indemnity as it may require against the costs, expenses
        and liabilities to be incurred therein or thereby, and the Trustee, for 60
        days
        after its receipt of such notice, request and offer of indemnity, shall have
        neglected or refused to institute any such action, suit or proceeding. It
        is
        understood and intended, and expressly covenanted by each Certificateholder with
        every other Certificateholder, the Trustee, that no one or more Holders of
        Certificates shall have any right in any manner whatever by virtue of any
        provision of this Agreement to affect, disturb or prejudice the rights of
        the
        Holders of any other of such Certificates, or to obtain or seek to obtain
        priority over or preference to any other such Holder, or to enforce any right
        under this Agreement, except in the manner herein provided and for the equal,
        ratable and common benefit of all Certificateholders. For the protection
        and
        enforcement of the provisions of this Section, each and every Certificateholder
        and the Trustee shall be entitled to such relief as can be given either at
        law
        or in equity.

      

      
        
           

        

        
          203

          
            

          

        

        
           

        

      

      

      

      Section
        11.04. Governing
        Law.

      

      This
        Agreement and the Certificates shall be construed in accordance with the
        laws of
        the State of New York and the obligations, rights and remedies of the parties
        hereunder shall be determined in accordance with such laws.

      

      Section
        11.05. Notices.

      

      All
        demands, notices and direction hereunder shall be in writing and shall be
        deemed
        effective upon receipt when delivered to (a) in the case of the Depositor,
        19500
        Jamboree Road, Irvine, California 92612, Attention: General Counsel, or such
        other address as may hereafter be furnished to the other parties hereto in
        writing; (b) in the case of Impac Funding, 19500 Jamboree Road, Irvine,
        California 92612, Attention: General Counsel, or such other address as may
        hereafter be furnished to the other parties hereto in writing; (c) in the
        case
        of the Trustee, to its Corporate Trust Offices, or such other address as
        may
        hereafter be furnished to the other parties hereto in writing; (d) in the
        case
        of the Rating Agencies, Standard & Poor’s, 55 Water Street, 41st
        Floor,
        New York, NY 10041, Attention: Asset Backed Surveillance Department; and
        Moody’s, Moody’s Investors Service, Inc., Residential Mortgage Monitoring
        Department, 99 Church Street, New York, New York 10007; (e) in the case of
        the
        Certificate Insurer, Ambac Assurance Corporation, One State Street Plaza,
        New
        York, New York 10004, Attention: Consumer Asset-Backed Securities Group or
        such
        other address as may be hereafter furnished to the Depositor, the Trustee
        and
        the Master Servicer in writing by the Certificate Insurer; or (f) in the
        case of
        the Swap Provider, Bank of America, N.A., 233 South Wacker Drive, Suite 2800,
        Chicago, IL 60606 or such other address as may be hereafter furnished to
        the
        Depositor, the Trustee and the Master Servicer in writing by the Swap Provider.
        Any notice required or permitted to be mailed to a Certificateholder shall
        be
        given by first class mail, postage prepaid, at the address of such Holder
        as
        shown in the Certificate Register. Any notice so mailed within the time
        prescribed in this Agreement shall be conclusively presumed to have been
        duly
        given, whether or not the Certificateholder receives such notice.

      

      Section
        11.06. Severability
        of Provisions.

      

      If
        any
        one or more of the covenants, agreements, provisions or terms of this Agreement
        shall be for any reason whatsoever held invalid, then such covenants,
        agreements, provisions or terms shall be deemed severable from the remaining
        covenants, agreements, provisions or terms of this Agreement and shall in
        no way
        affect the validity or enforceability of the other provisions of this Agreement
        or of the Certificates or the rights of the Holders thereof.

      

      Section
        11.07. Successors
        and Assigns.

      

      The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the respective successors and assigns of the parties hereto, and all such
        provisions shall inure to the benefit of the Trustee, the Certificate Insurer
        and the Certificateholders.

      

      
        
           

        

        
          204

          
            

          

        

        
           

        

      

      

      

      Section
        11.08. Article
        and Section Headings.

      

      The
        article and Section headings herein are for convenience of reference only,
        and
        shall not limit or otherwise affect the meaning hereof.

      

      Section
        11.09. Notice
        to
        Rating Agencies.

      

      The
        Trustee shall use its best efforts to promptly provide notice to each Rating
        Agency and the Certificate Insurer referred to below with respect to each
        of the
        following of which it has actual knowledge:

      

      1. Any
        material change or amendment to this Agreement;

      

      2. The
        occurrence of any Event of Default that has not been cured;

      

      3. The
        resignation or termination of the Master Servicer or the Trustee;

      

      4. The
        repurchase or substitution of Mortgage Loans pursuant to Section
        2.04;

      

      5. The
        final
        payment to Certificateholders; and

      

      6. Any
        change in the location of the Custodial Account or the Certificate
        Account.

      

      In
        addition, the Trustee shall promptly furnish to each Rating Agency copies
        of
        each report to Certificateholders described in Section 4.02; and the Master
        Servicer shall promptly furnish to each Rating Agency copies of each annual
        independent public accountants' servicing report received as described in
        Section 3.20.

      

      Any
        such
        notice pursuant to this Section 11.09 shall be in writing and shall be deemed
        to
        have been duly given if personally delivered or mailed by first class mail,
        postage prepaid, or by express delivery service to (i) in the case of Standard
        & Poor's, 55 Water Street, 41st
        Floor,
        New York, New York 10041, Attention: Asset Backed Surveillance Department
        and
        (ii) in the case of Moody's, Residential Mortgage Monitoring Department,
        99
        Church Street, New York, New York 10007, or, in each case, such other address
        as
        either such Rating Agency may designate in writing to the parties
        thereto.

      

      Section
        11.10. Rights
        of
        the Certificate Insurer.

      

      (a) The
        Certificate Insurer is an express third-party beneficiary of this
        Agreement.

      

      (b) On
        each
        Distribution Date the Trustee shall make available to the Certificate Insurer
        a
        copy of the reports made available to the Certificateholders and the Depositor
        on such Distribution Date.

      

      
        
           

        

        
          205

          
            

          

        

        
           

        

      

      

      

      (c) The
        Trustee shall provide to the Certificate Insurer copies of any report, notice,
        Opinion of Counsel, Officers’ Certificate, request for consent or request for
        amendment to any document related hereto promptly upon the Trustee’s production
        or receipt thereof.

      

      (d) Unless
        an
        Insurer Default exists, the Trustee, the Depositor and the Master Servicer
        shall
        not agree to any amendment to this Agreement without first having obtained
        the
        prior written consent of the Certificate Insurer, which consent shall not
        be
        unreasonably withheld.

      

      (e) So
        long
        as there does not exist a failure by the Certificate Insurer to make a required
        payment under the Certificate Guaranty Insurance Policy, the Certificate
        Insurer
        will have the right to exercise all rights of the Holders of the Class 1-AM
        Certificates and the Class 2-A Certificates under this Agreement (including
        voting rights) without the consent of the Holders.

      

      Section
        11.11. Control
        by the Certificate Insurer. 

      

      With
        respect to the Class 1-AM Certificates and Class 2-A Certificates only, the
        Certificate Insurer, or, if an Insurer Default exists, the Holders of a majority
        of the Class 1-AM Certificates and Class 2-A Certificates shall have the
        right
        (subject to the provisions of Section 11.03) to direct the time, method and
        place of conducting any proceeding for any remedy available to the Trustee
        with
        respect to the Class 1-AM Certificates and Class 2-A Certificates or exercising
        any trust or power conferred on the Trustee; provided that:

      

      (i) such
        direction shall not be in conflict with any rule of law or with this
        Agreement:

      

      (ii) if
        an
        Insurer Default exists, any direction to the Trustee to sell or liquidate
        the
        Trust Fund shall be by Holders of Certificates representing not less than
        100%
        of the Certificate Principal Balance of the Certificates;

      

      (iii) the
        Trustee may take any other action deemed proper by the Trustee that is not
        inconsistent with such direction of the Holders of Certificates representing
        a
        majority of the Certificate Principal Balance of the Certificates.

      

      Notwithstanding
        the rights of Certificateholders set forth in this Section 11.11 the Trustee
        need not take any action that it determines might involve it in liability
        unless
        such Holders of Certificates or the Certificate Insurer shall have offered
        security or indemnity satisfactory to the Trustee, against the costs, expenses
        and liabilities which might be incurred by it in compliance with such request,
        order or direction. 

      

      The
        Trustee shall not be deemed to have knowledge of an Insurer Default unless
        a
        Responsible Officer of the Trustee has actual knowledge thereof or unless
        the
        Trustee received written notice of such Insurer Default.

      

      
        
           

        

        
          206

          
            

          

        

        
           

        

      

      

      

      Section
        11.12. Third
        Party Rights.

      

      The
        Swap
        Provider and the Cap Counterparties shall be express third-party beneficiaries
        of this Agreement to the extent of their express rights to receive payments
        under this Agreement or any other express rights of the Swap Provider and
        the
        Cap Counterparties explicitly stated in this Agreement, and shall have the
        right
        to enforce such rights under this Agreement as if the Swap Provider and the
        Cap
        Counterparties were parties hereto.

       

       

       

       

       

       

       

       

      
        
           

        

        
          207

          
            

          

        

        
           

        

      

      

      

      IN
        WITNESS WHEREOF, the Depositor, the Master Servicer and the Trustee have
        caused
        their names to be signed hereto by their respective officers thereunto duly
        authorized all as of the day and year first above written.

       

      IMPAC
        SECURED ASSETS CORP.,

      Depositor

       

      By:
        /s/
        Gretchen Verdugo            
Name:
        Gretchen Verdugo
Title:
        EVP
&
        CFO

       

      IMPAC
        FUNDING CORPORATION,

       

      Master
        Servicer

       

      By:
        /s/
        Gretchen Verdugo            

      Name:
        Gretchen Verdugo

      Title:
        EVP
&
        CFO

       

      DEUTSCHE
        BANK NATIONAL TRUST COMPANY,

      Trustee

       

      By:
        /s/
        Marion Hogan              

      Name:
        Marion Hogan

      Title:
        Associate

       

      By:
        /s/
        Barbara Campbell            

      Name:
        Barbara Campbell

      Title:
        Vice President

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Agreed
        and accepted to with respect to 

      its
        obligations under Section 9.01(a)

      

      IMPAC
        MORTGAGE HOLDINGS, INC.

      (solely
        with respect to its obligations under 

      Section
        9.01(a))

      

      By:
        /s/
        Gretchen Verdugo            

      Name:
        Gretchen Verdugo

      Title:
        EVP & CFO

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                STATE
                  OF CALIFORNIA

              	
                )

              
	 	
                )
                  ss.:

              
	
                COUNTY
                  OF ORANGE

              	
                )

              

      

       

      On
        the
        29th day of March, 2007, before me, a notary public in and for said State,
        personally appeared Gretchen Verdugo, known to me to be a(n) EVP & CFO of
        Impac Secured Assets Corp., one of the corporations that executed the within
        instrument, and also known to me to be the person who executed it on behalf
        of
        said corporation, and acknowledged to me that such corporation executed the
        within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      /s/
        Matt Parsons            

           Notary
        Public

       

      [Notarial
        Seal]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                STATE
                  OF CALIFORNIA

              	
                )

              
	 	
                )
                  ss.:

              
	
                COUNTY
                  OF ORANGE

              	
                )

              

      

       

      On
        the
        29th day of March, 2007, before me, a notary public in and for said State,
        personally appeared Gretchen Verdugo, known to me to be a(n) EVP & CFO of
        Impac Funding Corporation, one of the corporations that executed the within
        instrument, and also known to me to be the person who executed it on behalf
        of
        said corporation, and acknowledged to me that such corporation executed the
        within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      /s/
        Matt Parsons            

           Notary
        Public

       

      [Notarial
        Seal]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                STATE
                  OF CALIFORNIA

              	
                )

              
	 	
                )
                  ss.:

              
	
                COUNTY
                  OF ORANGE

              	
                )

              

      

       

      On
        the
        29th day of March, 2007, before me, a notary public in and for said State,
        personally appeared Marion Hogan, known to me to be a(n) Associate of Deutsche
        Bank National Trust Company, one of the entities that executed the within
        instrument, and also known to me to be the person who executed it on behalf
        of
        said entity, and acknowledged to me that such corporation executed the within
        instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      /s/
        Nadia Nguyen            

          Notary
        Public

       

      [Notarial
        Seal]

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                STATE
                  OF CALIFORNIA

              	
                )

              
	 	
                )
                  ss.:

              
	
                COUNTY
                  OF ORANGE

              	
                )

              

      

       

      On
        the
        29th day of March, 2007, before me, a notary public in and for said State,
        personally appeared Barbara Campbell, known to me to be a(n) Vice President
        of
        Deutsche Bank National Trust Company, one of the entities that executed the
        within instrument, and also known to me to be the person who executed it
        on
        behalf of said entity, and acknowledged to me that such corporation executed
        the
        within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      /s/
        Nadia Nguyen            

          Notary
        Public

       

      [Notarial
        Seal]

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                STATE
                  OF CALIFORNIA

              	
                )

              
	 	
                )
                  ss.:

              
	
                COUNTY
                  OF ORANGE

              	
                )

              

      

       

      On
        the
        29th day of March, 2007, before me, a notary public in and for said State,
        personally appeared Gretchen Verdugo, known to me to be a(n) EVP & CFO of
        Impac Mortgage Holdings, Inc., one of the corporations that executed the
        within
        instrument, and also known to me to be the person who executed it on behalf
        of
        said corporation, and acknowledged to me that such corporation executed the
        within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      /s/
        Matt Parsons            

           Notary
        Public

       

      [Notarial
        Seal]

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    FORM
      OF
      CLASS A CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THIS
      CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
      IN
      THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
      REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT
      TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
      CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS
      SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
      BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      AND,
      EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
      IN
      RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF
      THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN
      ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR
      BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
      SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
      OF
      CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS
      AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL PROCEDURES. THE TRUSTEE SHALL
      NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE
      TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE
      TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE
      BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN
      VIOLATION OF THE APPLICABLE RESTRICTIONS.

     

    [FOR
      THE CLASS 1-A1-[A][B][C] [1-AM] CERTIFICATES] [PRIOR TO THE TERMINATION OF
      THE
      GROUP 1 SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL BE DEEMED TO HAVE
      MADE
      THE REPRESENTATIONS IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED
      BELOW).]

     

    [FOR
      THE CLASS 2-A CERTIFICATES] [PRIOR TO THE TERMINATION OF THE GROUP 2
      SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED
      BELOW).]

     

    

    
      
        
          
          

        

        
          A-1

          
            

          

        

        
          
          

        

      

    

     

    
      	
              Certificate
                No. 1

            	 	
              Adjustable
                Pass-Through Rate

            
	 	 	 
	
              Class
                [1-A1-[A][B][C]] [1-AM] [2-A]

              Senior

            	 	 
	 	 	 
	
              Date
                of Pooling and Servicing Agreement and Cut-off Date: March 1,
                2007

            	 	
              Percentage
                Interest: [_]%

            
	 	 	 
	
              First
                Distribution Date: April 25, 2007

            	 	
              Aggregate
                Initial [Certificate Principal] [Notional] Balance of the Class
                [1-A1-[A][B][C]] [1-AM] [2-A] Certificates:
                $[_____________]

            
	 	 	 
	
              Master
                Servicer:

            	 	
              Initial
                [Certificate Principal] [Notional]

            
	 	 	 
	
              Impac
                Funding Corporation

            	 	
              Balance
                of this Certificate:

            
	 	 	 
	 	 	
              $[____________]

            
	 	 	 
	
              Assumed
                Final

            	 	
              CUSIP:
                [_________]

            
	
              Distribution
                Date: [_____________], 20__

            	 	 

    

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    SERIES
      2007-2

     

    evidencing
      a percentage interest in the distributions allocable to the Class
      [1-A1-[A][B][C]] [1-AM] [2-A] Certificates with respect to a Trust Fund
      consisting primarily of a pool of adjustable-rate and fixed-rate, first and
      second lien, one-to-four family residential mortgage loans and adjustable-rate
      and fixed-rate, first lien multifamily and commercial mortgage loans formed
      and
      sold by IMPAC SECURED ASSETS CORP.

     

    [For
      the
      Class 1-A1-[A][B][C] [1-AM] Certificates] [This Certificate is payable solely
      from the assets of the Trust Fund, and does not represent an obligation of
      or
      interest in Impac Secured Assets Corp., the Master Servicer, the Trustee
      referred to below or any of their affiliates. Neither this Certificate nor
      the
      underlying Mortgage Loans are guaranteed or insured by any governmental agency
      or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the
      Trustee or any of their affiliates. None of the Company, the Master Servicer
      or
      any of their affiliates will have any obligation with respect to any certificate
      or other obligation secured by or payable from payments on the
      Certificates.]

     

    

    
      
        
          
          

        

        
          A-2

          
            

          

        

        
          
          

        

      

    

    

    [For
      the
      Class 2-A Certificates] [This Certificate is payable solely from the assets
      of
      the Trust Fund and the Certificate Guaranty Insurance Policy, and does not
      represent an obligation of or interest in Impac Secured Assets Corp., the Master
      Servicer, the Trustee referred to below or any of their affiliates. Neither
      this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental agency or instrumentality or by Impac Secured Assets Corp., the
      Master Servicer, the Trustee or any of their affiliates. None of the Company,
      the Master Servicer or any of their affiliates will have any obligation with
      respect to any certificate or other obligation secured by or payable from
      payments on the Certificates.]

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Certificate (obtained by dividing the Initial Certificate
      Principal Balance of this Certificate by the aggregate Initial Certificate
      Principal Balance of all Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates,
      both
      as specified above) in certain distributions with respect to the Trust Fund
      consisting primarily of an interest in a pool of adjustable-rate and fixed-rate,
      first and second lien, one-to-four family residential mortgage loans and
      adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage
      loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp.
      (hereinafter called the “Company,” which term includes any successor entity
      under the Agreement referred to below). The Trust Fund was created pursuant
      to a
      Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
      the Company, the Master Servicer and Deutsche Bank National Trust Company,
      as
      trustee (the “Trustee”), a summary of certain of the pertinent provisions of
      which is set forth hereafter. To the extent not defined herein, the capitalized
      terms used herein have the meanings assigned in the Agreement. This Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (the “Distribution Date”), commencing as described in the
      Agreement, to the Person in whose name this Certificate is registered on the
      Business Day immediately preceding such Distribution Date (the “Record Date”),
      from the Available Funds in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount of interest and principal,
      if any, required to be distributed to Holders of Class [1-A1-[A][B][C]] [1-AM]
      [2-A] Certificates on such Distribution Date.

     

    Distributions
      on this Certificate will be made either by the Trustee or by a Paying Agent
      appointed by the Trustee either in immediately available funds (by wire transfer
      or otherwise) for the account of the Person entitled thereto if such Person
      shall have so notified the Trustee or such Paying Agent at least 5 Business
      Days
      prior to the related Record Date, or by check mailed to the address of the
      Person entitled thereto, as such name and address shall appear on the
      Certificate Register.

     

    

    
      
        
          
          

        

        
          A-3

          
            

          

        

        
          
          

        

      

    

    

    Notwithstanding
      the above, the final distribution on this Certificate will be made after due
      notice of the pendency of such distribution and only upon presentation and
      surrender of this Certificate at the office or agency appointed by the Trustee
      for that purpose in the City and State of New York. The Initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of distributions
      allocable to principal.

     

    This
      Certificate is one of a duly authorized issue of Certificates issued in several
      Classes designated as Mortgage Pass-Through Certificates of the Series specified
      hereon (herein collectively called the “Certificates”).

     

    [For
      the
      Class 2-A Certificates] [Ambac Assurance Corporation, in consideration of the
      payment of the premium and subject to the terms of the Certificate Guaranty
      Insurance Policy, has unconditionally and irrevocably guaranteed the payment
      of
      an amount equal to the Insured Amount (as defined in the Certificate Guaranty
      Insurance Policy) with respect to the Class 2-A Certificates with respect to
      each Distribution Date.]

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. In the event the Master Servicer advances funds
      with respect to any Mortgage Loan, such advance is reimbursable to the Master
      Servicer, to the extent provided in the Agreement, from related recoveries
      on
      such Mortgage Loan or from other cash that would have been distributable to
      Certificateholders.

     

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    [For
      the
      Class 1-A1-[A][B][C] [1-AM] Certificates] [Prior to the termination of the
      Group
      1 Supplemental Interest Trust, any transferee shall be deemed to have made
      the
      representations in Section 5.02(c) of the Agreement.]

    

    [For
      the
      Class 2-A Certificates] [Prior to the termination of the Group 2 Supplemental
      Interest Trust, any transferee shall be deemed to have made the representations
      in Section 5.02(c) of the Agreement.]

     

    

    
      
        
          
          

        

        
          A-4

          
            

          

        

        
          
          

        

      

    

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut-off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

      
        
          
          

        

        
          A-5

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates referred to in
      the
      within-mentioned Agreement.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          A-6

          
            

          

        

        
          
          

        

      

    

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      _____________________________________ (Please print or typewrite name and
      address including postal zip code of assignee) a Percentage Interest evidenced
      by the within Mortgage Pass-Through Certificate and hereby authorizes the
      transfer of registration of such interest to assignee on the Certificate
      Register of the Trust Fund.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

     

    
      	 
	 

    

     

    

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
          
          

        

        
          A-7

          
            

          

        

        
          
          

        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    
      	
              The
                assignee should include the following for purposes of
                distribution:

            
	 
	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                funds

            
	
              to                                          &am

p;#1
                60;                 ,

            
	
              for
                the account of                                        ,

            
	
              account
                number___________, or, if mailed by check, to                ,

            
	
              Applicable
                statements should be mailed to                                .

            
	 
	
              This
                information is provided by                                ,

            
	
              the
                assignee named above, or                                     ,

              as
                its agent.

            

    

    
 

    
      
        
          
          

        

        
          A-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B-1

     

    FORM
      OF
      CLASS M CERTIFICATE

     

    THIS
      CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES
      [,]
      [AND] [THE CLASS 1-M-1 CERTIFICATES] [,] [AND] [THE CLASS 1-M-2 CERTIFICATES]
      [,] [AND] [THE CLASS 1-M-3 CERTIFICATES] [,] [AND] [THE CLASS 1-M-4
      CERTIFICATES] [,] [AND] [THE CLASS 1-M-5 CERTIFICATES] [,] [AND] [THE CLASS
      1-M-6 CERTIFICATES] [,] [AND] [THE CLASS 1-M-7 CERTIFICATES] [,] [AND] [THE
      CLASS 1-M-8 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED
      BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THIS
      CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
      IN
      THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
      REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT
      TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
      CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS
      SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
      BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      AND,
      EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
      IN
      RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF
      THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN
      ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR
      BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
      SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
      OF
      CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS
      AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL PROCEDURES. THE TRUSTEE SHALL
      NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE
      TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE
      TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE
      BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN
      VIOLATION OF THE APPLICABLE RESTRICTIONS.

     

    

    
      
        
          
          

        

        
          B-1-1

          
            

          

        

        
          
          

        

      

    

    

    ANY
      TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION
      5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).

     

    
      	
              Certificate
                No. 1

            	
              Adjustable
                Pass-Through Rate

            
	 	 
	
              Class
                1-M-[1][2][3][4][5][6][7][8]

            	
              Aggregate
                Initial Certificate Principal

            
	 	
              Balance
                of the Class 1-M-[1][2][3][4][5][6][7][8] Certificates:

            
	 	 
	 	
              $[____________]

            
	 	 
	
              Date
                of Pooling and Servicing

            	
              Initial
                Certificate Principal Balance of this Certificate:

            
	 	 
	
              Agreement
                and Cut-off Date: 

            	 
	
              March
                1, 2007

            	
              $[____________]

            
	 	 
	
              First
                Distribution Date:

            	
              CUSIP:
                [________]

            
	
              April
                25, 2007

            	 
	 	 
	
              Master
                Servicer:

            	 
	
              Impac
                Funding Corporation

            	 
	 	 
	
              Assumed
                Final Distribution Date:

            	 
	
              [________
                __], 20__

            	 

    

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    SERIES
      2007-2

     

    evidencing
      a percentage interest in any distributions allocable to the Class
      1-M-[1][2][3][4][5][6][7][8] Certificates with respect to a Trust Fund
      consisting primarily of a pool of adjustable-rate and fixed-rate, first and
      second lien, one-to-four family residential mortgage loans and adjustable-rate
      and fixed-rate, first lien multifamily and commercial mortgage loans formed
      and
      sold by IMPAC SECURED ASSETS CORP.

    
      
 

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        the Master Servicer or any of their affiliates will have any obligation with
        respect to any certificate or other obligation secured by or payable from
        payments on the Certificates.

    

    

    
      
        
          
          

        

        
          B-1-2

          
            

          

        

        
          
          

        

      

    

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Certificate (obtained by dividing the Initial Certificate
      Principal Balance of this Certificate by the aggregate Initial Certificate
      Principal Balance of all Class 1-M-[1][2][3][4][5][6][7][8] Certificates, both
      as specified above) in certain distributions with respect to a Trust Fund
      consisting primarily of a pool of adjustable-rate and fixed-rate, first and
      second lien, one-to-four family residential mortgage loans and adjustable-rate
      and fixed-rate, first lien multifamily and commercial mortgage loans (the
“Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter
      called the “Company,” which term includes any successor entity under the
      Agreement referred to below). The Trust Fund was created pursuant to a Pooling
      and Servicing Agreement dated as specified above (the “Agreement”) among the
      Company, the Master Servicer and Deutsche Bank National Trust Company, as
      trustee (the “Trustee”), a summary of certain of the pertinent provisions of
      which is set forth hereafter. To the extent not defined herein, the capitalized
      terms used herein have the meanings assigned in the Agreement. This Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (the “Distribution Date”), commencing as described in the
      Agreement, to the Person in whose name this Certificate is registered on the
      Business Day immediately preceding such Distribution Date (the “Record Date”),
      from the Available Funds in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount of interest and principal,
      if any, required to be distributed to Holders of Class
      1-M-[1][2][3][4][5][6][7][8] Certificates on such Distribution
      Date.

     

    Distributions
      on this Certificate will be made either by the Trustee or by a Paying Agent
      appointed by the Trustee either in immediately available funds (by wire transfer
      or otherwise) for the account of the Person entitled thereto if such Person
      shall have so notified the Trustee or such Paying Agent at least 5 Business
      Days
      prior to the related Record Date, or by check mailed to the address of the
      Person entitled thereto, as such name and address shall appear on the
      Certificate Register.

     

    Any
      transferee shall be deemed to have made the representations set forth in Section
      5.02(c) of the Agreement.

     

    Notwithstanding
      the above, the final distribution on this Certificate will be made after due
      notice of the pendency of such distribution and only upon presentation and
      surrender of this Certificate at the office or agency appointed by the Trustee
      for that purpose in the City and State of New York. The Initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of the distributions
      allocable to principal and any Realized Losses allocable hereto.

    
      

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

    

    

    
      
        
          
          

        

        
          B-1-3

          
            

          

        

        
          
          

        

      

    

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. In the event the Master Servicer advances funds
      with respect to any Mortgage Loan, such advance is reimbursable to the Master
      Servicer, to the extent provided in the Agreement, from related recoveries
      on
      such Mortgage Loan or from other cash that would have been distributable to
      Certificateholders.

     

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

    

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    

    
      
        
          
          

        

        
          B-1-4

          
            

          

        

        
          
          

        

      

    

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut-off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

    
 

    
      
        
          
          

        

        
          B-1-5

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class 1-M-[1][2][3][4][5][6][7][8] Certificates referred to in the
      within-mentioned Agreement.

     

    

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          B-1-6

          
            

          

        

        
          
          

        

      

    

     

    
      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        _____________________________________ (Please print or typewrite name and
        address including postal zip code of assignee) a Percentage Interest evidenced
        by the within Mortgage Pass-Through Certificate and hereby authorizes the
        transfer of registration of such interest to assignee on the Certificate
        Register of the Trust Fund.

       

      I
        (We)
        further direct the Trustee to issue a new Certificate of a like denomination
        and
        Class, to the above named assignee and deliver such Certificate to the following
        address:

       

      
        	 
	 

      

       

      

      
        	
                Dated:

              	 
	 	
                Signature
                  by or on behalf of assignor

              
	 	 
	 	 
	 	
                Signature
                  Guaranteed

              

      

     

    
      
        
          
          

        

        
          B-1-7

          
            

          

        

        
          
          

        

      

    

    
      

      DISTRIBUTION
        INSTRUCTIONS

       

      
        	
                The
                  assignee should include the following for purposes of
                  distribution:

              
	 
	
                Distributions
                  shall be made, by wire transfer or otherwise, in immediately available
                  funds

              
	
                to                                          &

amp;
                  #160;                 ,

              
	
                for
                  the account of                                        ,

              
	
                account
                  number___________, or, if mailed by check, to                ,

              
	
                Applicable
                  statements should be mailed to                                .

              
	 
	
                This
                  information is provided by                                ,

              
	
                the
                  assignee named above, or                                     ,

                as
                  its agent.

              

      

      
 

    

    
      
        
          
          

        

        
          B-1-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B-2

     

    FORM
      OF
      CLASS B CERTIFICATE

     

    THIS
      CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES
      [,]
      [AND] [THE CLASS 1-M-1 CERTIFICATES] [,] [AND] [THE CLASS 1-M-2 CERTIFICATES]
      [,] [AND] [THE CLASS 1-M-3 CERTIFICATES] [,] [AND] [THE CLASS 1-M-4
      CERTIFICATES] [,] [AND] [THE CLASS 1-M-5 CERTIFICATES] [,] [AND] [THE CLASS
      1-M-6 CERTIFICATES] [,] [AND] [THE CLASS 1-M-7 CERTIFICATES] [,] [AND] [THE
      CLASS 1-M-8 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED
      BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THIS
      CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
      IN
      THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
      REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT
      TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
      CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS
      SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
      BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      AND,
      EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
      IN
      RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF
      THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN
      ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR
      BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
      SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
      OF
      CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS
      AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL PROCEDURES. THE TRUSTEE SHALL
      NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE
      TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE
      TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE
      BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
      OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN
      VIOLATION OF THE APPLICABLE RESTRICTIONS.

     

    

    
      
        
          
          

        

        
          B-2-1

          
            

          

        

        
          
          

        

      

    

    

    ANY
      TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION
      5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).

     

    
      	
              Certificate
                No. 1

            	
              Adjustable
                Pass-Through Rate

            
	 	 
	
              Class
                1-B

            	
              Aggregate
                Initial Certificate Principal

            
	 	 
	 	
              Balance
                of the Class 1-B Certificates:

            
	 	 
	 	
              $[____________]

            
	 	 
	
              Date
                of Pooling and Servicing

            	
              Initial
                Certificate Principal Balance of this Certificate:

            
	 	 
	
              Agreement
                and Cut-off Date: 

            	 
	 	 
	
              March
                1, 2007

            	
              $[____________]

            
	 	 
	
              First
                Distribution Date:

            	
              CUSIP:
                [________]

            
	 	 
	
              April
                25, 2007

            	 
	 	 
	
              Master
                Servicer:

            	 
	 	 
	
              Impac
                Funding Corporation

            	 
	 	 
	
              Assumed
                Final Distribution Date:

            	 
	 	 
	
              [________
                __], 20__

            	 

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    SERIES
      2007-2

     

    evidencing
      a percentage interest in any distributions allocable to the Class 1-B
      Certificates with respect to a Trust Fund consisting primarily of a pool of
      adjustable-rate and fixed-rate, first and second lien, one-to-four family
      residential mortgage loans and adjustable-rate and fixed-rate, first lien
      multifamily and commercial mortgage loans formed and sold by IMPAC SECURED
      ASSETS CORP.

     

    This
      Certificate is payable solely from the assets of the Trust Fund, and does not
      represent an obligation of or interest in Impac Secured Assets Corp., the Master
      Servicer, the Trustee referred to below or any of their affiliates. Neither
      this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental agency or instrumentality or by Impac Secured Assets Corp., the
      Master Servicer, the Trustee or any of their affiliates. None of the Company,
      the Master Servicer or any of their affiliates will have any obligation with
      respect to any certificate or other obligation secured by or payable from
      payments on the Certificates.

     

    

    
      
        
          
          

        

        
          B-2-2

          
            

          

        

        
          
          

        

      

    

    

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Certificate (obtained by dividing the Initial Certificate
      Principal Balance of this Certificate by the aggregate Initial Certificate
      Principal Balance of all Class 1-B Certificates, both as specified above) in
      certain distributions with respect to a Trust Fund consisting primarily of
      a
      pool of adjustable-rate and fixed-rate, first and second lien, one-to-four
      family residential mortgage loans and adjustable-rate and fixed-rate, first
      lien
      multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and
      sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term
      includes any successor entity under the Agreement referred to below). The Trust
      Fund was created pursuant to a Pooling and Servicing Agreement dated as
      specified above (the “Agreement”) among the Company, the Master Servicer and
      Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of
      certain of the pertinent provisions of which is set forth hereafter. To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement. This Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (the “Distribution Date”), commencing as described in the
      Agreement, to the Person in whose name this Certificate is registered on the
      Business Day immediately preceding such Distribution Date (the “Record Date”),
      from the Available Funds in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount of interest and principal,
      if any, required to be distributed to Holders of Class 1-B Certificates on
      such
      Distribution Date.

     

    Distributions
      on this Certificate will be made either by the Trustee or by a Paying Agent
      appointed by the Trustee either in immediately available funds (by wire transfer
      or otherwise) for the account of the Person entitled thereto if such Person
      shall have so notified the Trustee or such Paying Agent at least 5 Business
      Days
      prior to the related Record Date, or by check mailed to the address of the
      Person entitled thereto, as such name and address shall appear on the
      Certificate Register.

     

    Notwithstanding
      the above, the final distribution on this Certificate will be made after due
      notice of the pendency of such distribution and only upon presentation and
      surrender of this Certificate at the office or agency appointed by the Trustee
      for that purpose in the City and State of New York. The Initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of the distributions
      allocable to principal and any Realized Losses allocable hereto.

     

    This
      Certificate is one of a duly authorized issue of Certificates issued in several
      Classes designated as Mortgage Pass-Through Certificates of the Series specified
      hereon (herein collectively called the “Certificates”).

     

    

    
      
        
          
          

        

        
          B-2-3

          
            

          

        

        
          
          

        

      

    

    

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. In the event the Master Servicer advances funds
      with respect to any Mortgage Loan, such advance is reimbursable to the Master
      Servicer, to the extent provided in the Agreement, from related recoveries
      on
      such Mortgage Loan or from other cash that would have been distributable to
      Certificateholders.

     

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    Any
      transferee shall be deemed to have made the representations set forth in Section
      5.02(c) of the Agreement.

     

    No
      transfer of this Class 1-B Certificate will be made unless such transfer is
      exempt from the registration requirements of the Securities Act of 1933, as
      amended, and any applicable state securities laws or is made in accordance
      with
      said Act and laws. In the event that such a transfer is to be made, (i) the
      Trustee shall require an opinion of counsel acceptable to and in form and
      substance satisfactory to the Trustee that such transfer is exempt (describing
      the applicable exemption and the basis therefor) from or is being made pursuant
      to the registration requirements of the Securities Act of 1933, as amended,
      and
      of any applicable statute of any state and (ii) the transferee and transferor
      shall execute a representation letter in the form described by the Agreement.
      The Holder hereof desiring to effect such transfer shall, and does hereby agree
      to, indemnify the Trustee, the Company and the Master Servicer against any
      liability that may result if the transfer is not so exempt or is not made in
      accordance with such Federal and state laws.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    

    
      
        
          
          

        

        
          B-2-4

          
            

          

        

        
          
          

        

      

    

    

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

     

    

    
      
        
          
          

        

        
          B-2-5

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class 1-B Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          B-2-6

          
            

          

        

        
          
          

        

      

    

    

    
      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        _____________________________________ (Please print or typewrite name and
        address including postal zip code of assignee) a Percentage Interest evidenced
        by the within Mortgage Pass-Through Certificate and hereby authorizes the
        transfer of registration of such interest to assignee on the Certificate
        Register of the Trust Fund.

       

      I
        (We)
        further direct the Trustee to issue a new Certificate of a like denomination
        and
        Class, to the above named assignee and deliver such Certificate to the following
        address:

       

      
        	 
	 

      

       

      

      
        	
                Dated:

              	 
	 	
                Signature
                  by or on behalf of assignor

              
	 	 
	 	 
	 	
                Signature
                  Guaranteed

              

      

    

    
      
        
          
          

        

        
          B-2-7

          
            

          

        

        
          
          

        

      

    

    
      

      DISTRIBUTION
        INSTRUCTIONS

       

      
        	
                The
                  assignee should include the following for purposes of
                  distribution:

              
	 
	
                Distributions
                  shall be made, by wire transfer or otherwise, in immediately available
                  funds

              
	
                to                                          &

amp;
                  #160;                 ,

              
	
                for
                  the account of                                        ,

              
	
                account
                  number___________, or, if mailed by check, to                ,

              
	
                Applicable
                  statements should be mailed to                                .

              
	 
	
                This
                  information is provided by                                ,

              
	
                the
                  assignee named above, or                                     ,

                as
                  its agent.

              

      

      

 

    

    
      
        
          
          

        

        
          B-2-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B-3

     

    FORM
      OF
      CLASS C CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE
      EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

     

    
 

    
      
        
          
          

        

        
          B-3-1

          
            

          

        

        
          
          

        

      

    

    
 

    NO
      TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE PROPOSED TRANSFEREE OF
      SUCH CERTIFICATE (1) PROVIDES TO THE TRUSTEE THE APPROPRIATE TAX CERTIFICATION
      FORMS THAT WOULD ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS
      PAYABLE BY THE RELATED SWAP PROVIDER, PURSUANT TO THE RELATED INTEREST
      RATE SWAP AGREEMENT, AND BY THE RELATED CAP COUNTERPARTY, PURSUANT TO
      THE RELATED CAP CONTRACTS, TO THE RELATED SUPPLEMENTAL INTEREST TRUST
      (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE
      (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS)
      AND
      (2) AGREES TO UPDATE SUCH FORMS (A) UPON EXPIRATION OF ANY SUCH FORM, (B) AS
      REQUIRED UNDER THEN APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON
      LEARNING THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT, EACH AS A CONDITION
      TO
      SUCH TRANSFER. IN ADDITION, NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE IF
      SUCH TRANSFER WOULD CAUSE THE SUPPLEMENTAL INTEREST TRUST TO BE BENEFICIALLY
      OWNED BY TWO OR MORE PERSONS FOR FEDERAL INCOME TAX PURPOSES, OR CONTINUE TO
      BE
      SO TREATED, UNLESS (I) EACH PROPOSED TRANSFEREE OF SUCH CERTIFICATE COMPLIES
      WITH THE FOREGOING CONDITIONS, AND (II) THE PROPOSED MAJORITY HOLDER OF THE
      CLASS [1][2]-C CERTIFICATES (OR EACH HOLDER, IF THERE IS OR WOULD BE NO
      MAJORITY HOLDER) (X) PROVIDES, OR CAUSES TO BE PROVIDED, ON BEHALF OF
      THE RELATED SUPPLEMENTAL INTEREST TRUST, IF APPLICABLE, TO THE TRUSTEE, THE
      APPROPRIATE TAX CERTIFICATION FORM THAT WOULD BE REQUIRED FROM THE RELATED
      SUPPLEMENTAL INTEREST TRUST TO ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES
      FROM AMOUNTS PAYABLE BY THE RELATED SWAP PROVIDER, PURSUANT TO THE RELATED
      INTEREST RATE SWAP AGREEMENT, AND BY THE RELATED CAP COUNTERPARTY, PURSUANT
      TO
      THE RELATED CAP CONTRACTS, TO THE RELATED SUPPLEMENTAL INTEREST TRUST
      (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE
      (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS)
      AND
      (Y) AGREES TO UPDATE SUCH FORM (A) UPON EXPIRATION OF SUCH FORM, (B) AS REQUIRED
      UNDER THEM APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON LEARNING
      THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT. UNDER THE AGREEMENT, UPON
      RECEIPT OF ANY TAX CERTIFICATION FORM PURSUANT TO THESE TRANSFER RESTRICTIONS
      FROM A HOLDER OF THIS CERTIFICATE, THE TRUSTEE, AS THE RELATED SUPPLEMENTAL
      INTEREST TRUST TRUSTEE FOR, SHALL FORWARD SUCH TAX CERTIFICATION FORM
      PROVIDED TO IT TO THE RELATED SWAP PROVIDER AND RELATED CAP COUNTERPARTY.
      EACH HOLDER OF THIS CERTIFICATE AND EACH TRANSFEREE THEREOF SHALL BE DEEMED
      TO
      HAVE CONSENTED TO THE TRUSTEE, AS THE RELATED SUPPLEMENTAL INTEREST TRUST
      TRUSTEE, FORWARDING TO THE RELATED SWAP PROVIDER AND RELATED CAP
      COUNTERPARTY ANY TAX CERTIFICATION FORM IT HAS PROVIDED AND UPDATED IN
      ACCORDANCE WITH THESE TRANSFER RESTRICTIONS. ANY PURPORTED SALES OR TRANSFERS
      OF
      THIS CERTIFICATE TO A TRANSFEREE WHICH DOES NOT COMPLY WITH THESE REQUIREMENTS
      SHALL BE DEEMED NULL AND VOID UNDER THE AGREEMENT.

    
      
        
          
          

        

        
          B-3-2

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              Certificate
                No. [ ]

            	 
	 	 
	
              Class
                [1][2]-C

            	
              Aggregate
                Initial Notional Amount of the Class [1][2]-C
                Certificates:

            
	 	 
	 	
              $_____________]

            
	 	 
	
              Date
                of Pooling and Servicing

            	
              Initial
                Notional Amount of this Certificate:

            
	 	 
	
              Agreement
                and Cut-off Date: 

            	 
	 	 
	
              March
                1, 2007

            	
              $[_____________]

            
	 	 
	
              First
                Distribution Date:

            	
              Initial
                Certificate Principal Balance

            
	 	 
	
              April
                25, 2007

            	
              of
                this Certificate $[_________]

            
	 	 
	
              Master
                Servicer:

            	
              Percentage
                Interest of this

            
	 	 
	
              Impac
                Funding Corporation

            	
              Certificate:
                [___]%

            
	 	 
	
              Assumed
                Final Distribution Date:

            	
              CUSIP:
                [_________]

            
	 	 
	
              [_______
                ___], 20--

            	 

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    SERIES
      2007-2

     

    evidencing
      percentage interest in the distributions allocable to the Class [1][2]-C
      Certificates with respect to a Trust Fund consisting primarily of a pool of
      adjustable-rate and fixed-rate, first and second lien, one-to-four family
      residential mortgage loans and adjustable-rate and fixed-rate, first lien
      multifamily and commercial mortgage loans formed and sold by IMPAC SECURED
      ASSETS CORP.

     

    This
      Certificate is payable solely from the assets of the Trust Fund, and does not
      represent an obligation of or interest in Impac Secured Assets Corp., the Master
      Servicer, the Trustee referred to below or any of their affiliates. Neither
      this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental agency or instrumentality or by Impac Secured Assets Corp., the
      Master Servicer, the Trustee or any of their affiliates. None of the Company,
      the Master Servicer or any of their affiliates will have any obligation with
      respect to any certificate or other or obligation secured by or payable from
      payments on the Certificates.

     

    

    
      
        
          
          

        

        
          B-3-3

          
            

          

        

        
          
          

        

      

    

    

    This
      certifies that Deutsche Bank National Trust Company is the registered owner
      of
      the Percentage Interest evidenced by this Class [1][2]-C Certificate (obtained
      by dividing the Original Class [1][2]-C Certificate by the Original Class
      Certificate Principal Balance) in certain distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Impac Secured Assets
      Corp. (the “Company”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of March 1, 2007 (the “Agreement”) among the Company, as
      depositor, Impac Funding Corporation, as master servicer (the “Master Servicer”)
      and Deutsche Bank National Trust Company, as trustee (the “Trustee”). To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement. This Class [1][2]-C Certificate is issued under
      and
      is subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Class [1][2]-C Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (the “Distribution Date”), commencing as described in the
      Agreement, to the Person in whose name this Certificate is registered at the
      close of business on the last Business Day of the month immediately preceding
      the month of such Distribution Date (the “Record Date”), from the Available
      Distribution Amount in an amount equal to the product of the Percentage Interest
      evidenced by this Certificate and the amount (of interest and principal, if
      any)
      required to be distributed to Holders of Class [1][2]-C Certificates on such
      Distribution Date.

     

    Distributions
      on this Certificate will be made either by the Trustee or by a Paying Agent
      appointed by the Trustee either in immediately available funds (by wire transfer
      or otherwise) for the account of the Person entitled thereto if such Person
      shall have so notified the Trustee or such Paying Agent at least 5 Business
      Days
      prior to the related Record Date, or by check mailed to the address of the
      Person entitled thereto, as such name and address shall appear on the
      Certificate Register.

     

    Notwithstanding
      the above, the final distribution on this Certificate will be made after due
      notice of the pendency of such distribution and only upon presentation and
      surrender of this Certificate at the office or agency appointed by the Trustee
      for that purpose in the City and State of New York.

     

    This
      Certificate is one of a duly authorized issue of Certificates issued in several
      Classes designated as Mortgage Pass-Through Certificates of the Series specified
      hereon (herein collectively called the “Certificates”).

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. In the event the Master Servicer advances funds
      with respect to any Mortgage Loan, such advance is reimbursable to the Master
      Servicer, to the extent provided in the Agreement, from related recoveries
      on
      such Mortgage Loan or from other cash that would have been distributable to
      Certificateholders.

    

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    

    
      
        
          
          

        

        
          B-3-4

          
            

          

        

        
          
          

        

      

    

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Company in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the act, there shall be delivered to the Trustee and the Company of
      an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Master Servicer or the Company; or there shall be delivered to
      the
      Trustee and the Company a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Company against any liability that may result if the transfer
      is
      not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(c) of the Agreement.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    

    
      
        
          
          

        

        
          B-3-5

          
            

          

        

        
          
          

        

      

    

    

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut-off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

    
 

    
      
        
          
          

        

        
          B-3-6

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [1][2]-C Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          B-3-7

          
            

          

        

        
          
          

        

      

    

    

    
      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        _____________________________________ (Please print or typewrite name and
        address including postal zip code of assignee) a Percentage Interest evidenced
        by the within Mortgage Pass-Through Certificate and hereby authorizes the
        transfer of registration of such interest to assignee on the Certificate
        Register of the Trust Fund.

       

      I
        (We)
        further direct the Trustee to issue a new Certificate of a like denomination
        and
        Class, to the above named assignee and deliver such Certificate to the following
        address:

       

      
        	 
	 

      

       

      

      
        	
                Dated:

              	 
	 	
                Signature
                  by or on behalf of assignor

              
	 	 
	 	 
	 	
                Signature
                  Guaranteed

              

      

    

    
      
        
          
          

        

        
          B-3-8

          
            

          

        

        
          
          

        

      

    

    
      

      DISTRIBUTION
        INSTRUCTIONS

       

      
        	
                The
                  assignee should include the following for purposes of
                  distribution:

              
	 
	
                Distributions
                  shall be made, by wire transfer or otherwise, in immediately available
                  funds

              
	
                to                                          &

amp;
                  #160;                 ,

              
	
                for
                  the account of                                        ,

              
	
                account
                  number___________, or, if mailed by check, to                ,

              
	
                Applicable
                  statements should be mailed to                                .

              
	 
	
                This
                  information is provided by                                ,

              
	
                the
                  assignee named above, or                                     ,

                as
                  its agent.

              

      

      

    

    
      
        
          
          

        

        
          B-3-9

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B-4

     

    FORM
      OF
      CLASS P CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986, AS AMENDED (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE
      EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

     

    

    
      
        
          
          

        

        
          B-4-1

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              Certificate
                No. [  ]

            	 
	 	 
	
              Class
                [1][2]-P

            	
              Aggregate
                Initial Certificate Principal

            
	 	 
	 	
              Balance
                of the Class [1][2]-P Certificates:

            
	 	 
	 	
              $[_________]

            
	 	 
	
              Date
                of Pooling and Servicing

            	
              Initial
                Certificate Principal Balance of this Certificate
                Denomination:

            
	 	 
	
              Agreement
                and Cut-off Date:

            	
              $[_________]

            
	
              March
                1, 2007

            	 
	 	 
	
              First
                Distribution Date:

            	
              Percentage
                Interest of this Certificate:

            
	
              April
                25, 2007

            	
              [___]%

            
	 	 
	
              Master
                Servicer:

            	
              CUSIP:
                [_________]

            
	
              Impac
                Funding Corporation

            	 
	 	 
	
              Assumed
                Final Distribution Date:

            	 
	
              [________
                ___], 20__

            	 

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    SERIES
      2007-2

     

    evidencing
      a percentage interest in any distributions allocable to the Class [1][2]-P
      Certificates with respect to a Trust Fund consisting primarily of a pool of
      adjustable-rate and fixed-rate, first and second lien, one-to-four family
      residential mortgage loans and adjustable-rate and fixed-rate, first lien
      multifamily and commercial mortgage loans formed and sold by IMPAC SECURED
      ASSETS CORP.

     

    This
      Certificate is payable solely from the assets of the Trust Fund, and does not
      represent an obligation of or interest in Impac Secured Assets Corp., the Master
      Servicer, the Trustee referred to below or any of their affiliates. Neither
      this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental agency or instrumentality or by Impac Secured Assets Corp., the
      Master Servicer, the Trustee or any of their affiliates. None of the Company,
      the Master Servicer or any of their affiliates will have any obligation with
      respect to any certificate or other obligation secured by or payable from
      payments on the Certificates.

    

    This
      certifies that Deutsche Bank National Trust Company is the registered owner
      of
      the Percentage Interest evidenced by this Class [1][2]-P Certificate (obtained
      by dividing the Denomination of this Class [1][2]-P Certificate by the Original
      Class Certificate Principal Balance) in certain distributions with respect
      to a
      Trust Fund consisting primarily of a pool adjustable-rate and fixed-rate, first
      and second lien, one-to-four family residential mortgage loans and
      adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage
      loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp.
      (hereinafter called the “Company,” which term includes any successor entity
      under the Agreement referred to below). The Trust Fund was created pursuant
      to a
      Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
      the Company, the Master Servicer, Deutsche Bank National Trust Company, as
      trustee (the “Trustee”), a summary of certain of the pertinent provisions of
      which is set forth hereafter. To the extent not defined herein, the capitalized
      terms used herein have the meanings assigned in the Agreement. This Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement; to which Agreement the Holder of this Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    

    
      
        
          
          

        

        
          B-4-2

          
            

          

        

        
          
          

        

      

    

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (the “Distribution Date”), commencing as described in the
      Agreement, to the Person in whose name this Certificate is registered at the
      close of business on the last Business Day of the month immediately preceding
      the month of such Distribution Date (the “Record Date”), from the Available
      Distribution Amount in an amount equal to the product of the Percentage Interest
      evidenced by this Certificate and the amount (of Prepayment Charges and
      principal, if any) required to be distributed to Holders of Class [1][2]-P
      Certificates on such Distribution Date.

     

    Distributions
      on this Certificate will be made either by the Trustee or by a Paying Agent
      appointed by the Trustee either in immediately available funds (by wire transfer
      or otherwise) for the account of the Person entitled thereto if such Person
      shall have so notified the Trustee or such Paying Agent at least 5 Business
      Days
      prior to the related Record Date, or by check mailed to the address of the
      Person entitled thereto, as such name and address shall appear on the
      Certificate Register.

     

    Notwithstanding
      the above, the final distribution on this Certificate will be made after due
      notice of the pendency of such distribution and only upon presentation and
      surrender of this Certificate at the office or agency appointed by the Trustee
      for that purpose in the City and State of New York. The Initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of the distributions
      allocable to principal allocable hereto.

     

    This
      Certificate is one of a duly authorized issue of Certificates issued in several
      Classes designated as Mortgage Pass-Through Certificates of the Series specified
      hereon (herein collectively called the “Certificates”).

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. In the event the Master Servicer advances funds
      with respect to any Mortgage Loan, such advance is reimbursable to the Master
      Servicer, to the extent provided in the Agreement, from related recoveries
      on
      such Mortgage Loan or from other cash that would have been distributable to
      Certificateholders.

     

    

    
      
        
          
          

        

        
          B-4-3

          
            

          

        

        
          
          

        

      

    

    

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Company in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Company of
      an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Master Servicer or the Company; or there shall be delivered to
      the
      Trustee and the Company a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Company against any liability that may result if the transfer
      is
      not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(c) of the Agreement.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    

    
      
        
          
          

        

        
          B-4-4

          
            

          

        

        
          
          

        

      

    

    

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut-off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

     

    
 

    
      
        
          
          

        

        
          B-4-5

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [1][2]-P Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          B-4-6

          
            

          

        

        
          
          

        

      

    

    
       

      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        

       

      
        	 
	 

      

      

      (Please
        print or typewrite name and address including postal zip code of
        assignee)

       

      the
        Percentage Interest evidenced by the within Certificate and hereby authorizes
        the transfer of registration of such Percentage Interest to assignee on the
        Certificate Register of the Trust.

       

      I
        (We)
        further direct the Trustee to issue a new Certificate of a like denomination
        and
        Class, to the above named assignee and deliver such Certificate to the following
        address: 

      
         

        
          	 
	 

        

         

      

      
        	
                Dated:

              	 
	 	
                Signature
                  by or on behalf of assignor

              

      

      

      

    

    
      
        
          
          

        

        
          B-4-7

          
            

          

        

        
          
          

        

      

    

    
      

      DISTRIBUTION
        INSTRUCTIONS

       

      
        	
                The
                  assignee should include the following for purposes of
                  distribution:

              
	 
	
                Distributions
                  shall be made, by wire transfer or otherwise, in immediately available
                  funds

              
	
                to                                          &

amp;
                  #160;                 ,

              
	
                for
                  the account of                                        ,

              
	
                account
                  number___________, or, if mailed by check, to                ,

              
	
                Applicable
                  statements should be mailed to                                .

              
	 
	
                This
                  information is provided by                                ,

              
	
                the
                  assignee named above, or                                     ,

                as
                  its agent.

              

      

      

    

    
 

    
      
        
          
          

        

        
          B-4-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B-5

     

    FORM
      OF
      CLASS R CERTIFICATE

     

    THIS
      CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON
      OR A
      DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “RESIDUAL
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    NO
      TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
      PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(C) OF THE AGREEMENT
      OR
      AN OPINION OF COUNSEL AS PROVIDED IN SECTION 5.02(C) THAT THE PURCHASE OF THIS
      CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT
      IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE
      RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF
      THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE
      TO
      ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING
      AND
      SERVICING AGREEMENT (THE “AGREEMENT”).

     

    THIS
      CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

     

    

    
      
        
          
          

        

        
          B-5-1

          
            

          

        

        
          
          

        

      

    

    

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER
      AND
      THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE
      OR
      POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
      ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B)
      ANY
      ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE)
      WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
      ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C)
      ANY
      ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE, (D) ANY ELECTING
      LARGE PARTNERSHIP WITHIN THE MEANING OF SECTION 775(A) OF THE CODE (ANY SUCH
      PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C) OR (D) BEING HEREIN
      REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (D) AN AGENT OF A DISQUALIFIED
      ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR
      COLLECTION OF TAX, (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS
      RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND (4) SUCH
      TRANSFEREE IS NOT A NON-UNITED STATES PERSON. NOTWITHSTANDING THE REGISTRATION
      IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS
      CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR NON-UNITED STATE PERSON OR AN
      AGENT OF A DISQUALIFIED ORGANIZATION OR NON-UNITED STATES PERSON, SUCH
      REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND
      SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE
      HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS
      CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE
      SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS
      PARAGRAPH.

     

    

    
      
        
          
          

        

        
          B-5-2

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              Certificate
                No. 1

            	 
	 	 
	
              Class
                R

            	 
	 	 
	
              Date
                of Pooling and Servicing

            	
              Percentage
                Interest: 100%

            
	 	 
	
              Agreement
                and Cut-off Date:

              March
                1, 2007

            	 
	 	 
	
              First
                Distribution Date:

              April
                25, 2007

            	 
	 	 
	
              Master
                Servicer:

              Impac
                Funding Corporation

            	 
	 	 
	
              Assumed
                Final Distribution Date:

              [_________],
                20__

            	
              CUSIP:
                [_________]

            

    

     

    MORTGAGE
      PASS-THROUGH CERTIFICATE,

     

    SERIES
      2007-2

     

    evidencing
      a percentage interest in any distributions allocable to the Class R Certificates
      with respect to a Trust Fund consisting primarily of a pool of adjustable-rate
      and fixed-rate, first and second lien, one-to-four family residential mortgage
      loans and adjustable-rate and fixed-rate, first lien multifamily and commercial
      mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

     

    This
      Certificate is payable solely from the assets of the Trust Fund, and does not
      represent an obligation of or interest in Impac Secured Assets Corp., the Master
      Servicer, the Trustee referred to below or any of their affiliates. Neither
      this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental agency or instrumentality or by Impac Secured Assets Corp., the
      Master Servicer, the Trustee or any of their affiliates. None of the Company,
      the Master Servicer or any of their affiliates will have any obligation with
      respect to any certificate or other obligation secured by or payable from
      payments on the Certificates.

     

    This
      certifies that Impac Funding Corporation is the registered owner of the
      Percentage Interest evidenced by this Certificate stated above in certain
      distributions with respect to a Trust Fund, consisting primarily of a pool
      of
      adjustable-rate and fixed-rate, first and second lien, one-to-four family
      residential mortgage loans and adjustable-rate and fixed-rate, first lien
      multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and
      sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term
      includes any successor entity under the Agreement referred to below). The Trust
      Fund was created pursuant to a Pooling and Servicing Agreement dated as
      specified above (the “Agreement”) among the Company, the Master Servicer,
      Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of
      certain of the pertinent provisions of which is set forth hereafter. To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement. This Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    

    
      
        
          
          

        

        
          B-5-3

          
            

          

        

        
          
          

        

      

    

    

    This
      Certificate does not have a principal balance or pass-through rate and will
      be
      entitled to distributions only to the Patent set forth in the Agreement. In
      addition, any distribution of the proceeds of any remaining assets of the Trust
      will be made only upon presentment and surrender of this Certificate at the
      office or agency maintained by the Trustee.

     

    This
      Certificate is one of a duly authorized issue of Certificates issued in several
      Classes designated as Mortgage Pass-Through Certificates of the Series specified
      hereon (herein collectively called the “Certificates”).

     

    As
      provided in the Agreement, withdrawals from the Custodial Account and/or the
      Certificate Account created for the benefit of Certificateholders may be made
      by
      the Master Servicer from time to time for purposes other than distributions
      to
      Certificateholders, such purposes including without limitation reimbursement
      to
      the Trustee, the Company and the Master Servicer of advances made, or certain
      expenses incurred, by either of them.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Company in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Company of
      an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Master Servicer or the Company; or there shall be delivered to
      the
      Trustee and the Company a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Company against any liability that may result if the transfer
      is
      not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(c) of the Agreement.

    

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee of (a) a transfer
      affidavit and agreement of the proposed transferee and (b) a
      transfer affidavit of the transferor, each of such documents to be in the
      form described in the Agreement, (iii) each person holding or acquiring any
      Ownership Interest in this Certificate must agree to require a transfer
      affidavit and agreement and to deliver a transfer affidavit to the
      Trustee as required pursuant to the Agreement, (iv) each person holding or
      acquiring an Ownership Interest in this Certificate must agree not to transfer
      an Ownership Interest in this Certificate if it has actual knowledge that the
      proposed transferee is not a Permitted Transferee, and (v) any attempted or
      purported transfer of any Ownership Interest in this Certificate in violation
      of
      such restrictions will be absolutely null and void and will vest no rights
      in
      the purported transferee. Pursuant to the Agreement, the Trustee will provide
      the Internal Revenue Service and any pertinent persons with the information
      needed to compute the tax imposed under the applicable tax laws on transfers
      of
      residual interests to disqualified organizations, if any person other than
      a
      Permitted Transferee acquires an Ownership Interest on a Class [R] Certificate
      in violation of the restrictions mentioned above.

     

    

    
      
        
          
          

        

        
          B-5-4

          
            

          

        

        
          
          

        

      

    

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      of
      the Agreement and the modification of the rights and obligations of the Company,
      the Master Servicer and the Trustee and the rights of the Certificateholders
      under the Agreement at any time by the Company, the Master Servicer and the
      Trustee with the consent of the Holders of Certificates evidencing in the
      aggregate not less than 66-2/3% of the Percentage Interests of each Class of
      Certificates affected thereby and with the consent of the Certificate Insurer.
      Any such consent by the Holder of this Certificate shall be conclusive and
      binding on such Holder and upon all future holders of this Certificate and
      of
      any Certificate issued upon the transfer hereof or in exchange herefor or in
      lieu hereof whether or not notation of such consent is made upon the
      Certificate. The Agreement also permits the amendment thereof in certain
      circumstances without the consent of the Certificate Insurer and the Holders
      of
      any of the Certificates and, in certain additional circumstances, without the
      consent of the Holders of certain Classes of Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Trustee, duly endorsed by, or accompanied by an,
      assignment in the form below or other written instrument of transfer in form
      satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of authorized denominations evidencing the same Class and aggregate Percentage
      Interest will be issued to the designated transferee or
      transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      Classes and in denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, Certificates
      are
      exchangeable for new Certificates of authorized denominations evidencing the
      same Class and aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

    
      

      No
        service charge will be made for any such registration of transfer or exchange,
        but the Trustee may require payment of a sum sufficient to cover any tax
        or
        other governmental charge payable in connection therewith.

    

    

    
      
        
          
          

        

        
          B-5-5

          
            

          

        

        
          
          

        

      

    

     

    The
      Company, the Master Servicer and the Trustee and any agent of the Company,
      the
      Master Servicer or the Trustee may treat the Person in whose name this
      Certificate is registered as the owner hereof for all purposes, and neither
      the
      Company, the Master Servicer, the Trustee nor any such agent shall be affected
      by notice to the contrary.

     

    This
      Certificate shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    The
      Group
      1 Certificates are subject to termination in whole, but not in part, by the
      Master Servicer, on or after the Distribution Date on which the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans as of the end of the related
      Due
      Period is less than or equal to 10% of the aggregate Stated Principal Balance
      of
      the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
      are
      subject to termination in whole, but not in part, by the Master Servicer, on
      or
      after the Distribution Date on which the aggregate Stated Principal Balance
      of
      the Group 2 Mortgage Loans as of the end of the related Due Period is less
      than
      or equal to 10% of the aggregate Stated Principal Balance of the Group 2
      Mortgage Loans as of the Cut-off Date; provided,
      however,
      that no
      such purchase will be permitted if it would result in a draw on the Certificate
      Guaranty Insurance Policy, unless the Certificate Insurer consents in writing
      to
      such purchase.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

    
 

    
      
        
          
          

        

        
          B-5-6

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated:
                March 29, 2007

            	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [R] Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL 

              TRUST
                COMPANY

              as
                Trustee

            
	 	
               

               

              By:______________________________

              Authorized
                Signatory

            

    

    

    

    
      
        
          
          

        

        
          B-5-7

          
            

          

        

        
          
          

        

      

    

    
       

      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        

       

      
        	 
	 

      

      

      (Please
        print or typewrite name and address including postal zip code of
        assignee)

       

      the
        Percentage Interest evidenced by the within Certificate and hereby authorizes
        the transfer of registration of such Percentage Interest to assignee on the
        Certificate Register of the Trust.

       

      I
        (We)
        further direct the Trustee to issue a new Certificate of a like denomination
        and
        Class, to the above named assignee and deliver such Certificate to the following
        address: 

      
         

         

      

      
        	
                Dated:

              	 
	 	
                Signature
                  by or on behalf of assignor

              

      

      

      

    

    

    
      
        
          
          

        

        
          B-5-8

          
            

          

        

        
          
          

        

      

    

    

    
      

      DISTRIBUTION
        INSTRUCTIONS

       

      
        	
                The
                  assignee should include the following for purposes of
                  distribution:

              
	 
	
                Distributions
                  shall be made, by wire transfer or otherwise, in immediately available
                  funds

              
	
                to                                          &

amp;
                  #160;                 ,

              
	
                for
                  the account of                                        ,

              
	
                account
                  number___________, or, if mailed by check, to                ,

              
	
                Applicable
                  statements should be mailed to                                .

              
	 
	
                This
                  information is provided by                                ,

              
	
                the
                  assignee named above, or                                     ,

                as
                  its agent.

              

      

      

    

    
      
        
          
          

        

        
          B-5-9

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      C

     

    FORM
      OF
      CUSTODIAN’S INITIAL CERTIFICATION

     

    _______________,
      20___

     

    Impac
      Funding Corporation

    19500
      Jamboree Road

    Irvine,
      California 92612

     

    
      	 	
              Re:

            	
              Pooling
                and Servicing Agreement, dated as of March 1, 2007 among Impac Secured
                Assets Corp., Impac Funding Corporation and Deutsche Bank National
                Trust
                Company, Mortgage Pass-Through Certificates, Series
                2007-2

            
	 	 	 

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the above-captioned Pooling and Servicing
      Agreement, the undersigned, as Custodian, hereby certifies that as to each
      Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage
      Loan
      paid in full or listed on the attachment hereto) it has reviewed the Mortgage
      File and the Mortgage Loan Schedule and has determined that: (i) all documents
      required to be included in the Mortgage File are in its possession; (ii) such
      documents have reviewed by it and appear regular on their face and relate to
      such Mortgage Loan; and (iii) based on examination by it, and only as to such
      documents, the information set forth in items (iii) and (iv) of the definition
      or description of “Mortgage Loan Schedule” is correct.

     

    The
      Custodian has made no independent examination of any documents contained in
      each
      Mortgage File beyond the review specifically required in the above-referenced
      Pooling and Servicing Agreement. The Custodian makes no representation that
      any
      documents specified in clause (vi) of Section 2.01 should be included in any
      Mortgage File. The Custodian makes no representations as to and shall not be
      responsible to verify: (i) the validity, legality, sufficiency, enforceability,
      due authorization, recordability or genuineness of any of the documents
      contained in each Mortgage File of any of the Mortgage Loans identified on
      the
      Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
      or
      suitability of any such Mortgage Loan, or (iii) the existence of any assumption,
      modification, written assurance or substitution agreement with respect to any
      Mortgage File if no such documents appear in the Mortgage File delivered to
      the
      Custodian.

     

    

    
      
        
          
          

        

        
          C-1

          
            

          

        

        
          
          

        

      

    

    

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the above-captioned Pooling and Servicing Agreement.

     

    
      	 	
              [_______________________________]

            
	 	 
	 	
              By:
                _______________________________

            
	 	 
	 	
              Name:

            
	 	 
	 	
              Title:

            

    

    
 

    
      
        
          
          

        

        
          C-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      D

     

    FORM
      OF
      CUSTODIAN FINAL CERTIFICATION

     

    ______________,
      20__

     

    Impac
      Funding Corporation

    19500
      Jamboree Road

    Irvine,
      California 92612

     

    Ambac
      Assurance Corporation

    One
      State
      Street Plaza

    New
      York,
      New York 10004

     

    
      	 	
              Re:

            	
              Pooling
                and Servicing Agreement, dated as of March 1, 2007 among Impac Secured
                Assets Corp., Impac Funding Corporation and Deutsche Bank National
                Trust
                Company, Mortgage Pass-Through
                Certificates, Series 2007-2

            
	 	 	 

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the above-captioned Pooling and Servicing
      Agreement, the undersigned, as Custodian, hereby certifies that as to each
      Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage
      Loan
      paid in full or listed on the attachment hereto) it has received the documents
      set forth in Section 2.01.

     

    The
      Custodian has made no independent examination of any documents contained in
      each
      Mortgage File beyond the review specifically required in the above-referenced
      Pooling and Servicing Agreement. The Custodian makes no representation that
      any
      documents specified in clause (vi) of Section 2.01 should be included in any
      Mortgage File. The Custodian makes no representations as to and shall not be
      responsible to verify: (i) the validity, legality, sufficiency, enforceability,
      due authorization, recordability or genuineness of any of the documents
      contained in each Mortgage File of any of the Mortgage Loans identified on
      the
      Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
      or
      suitability of any such Mortgage Loan or (iii) the existence of any assumption,
      modification, written assurance or substitution agreement with respect to any
      Mortgage File if no such documents appear in the Mortgage File delivered to
      the
      Custodian.

    
      
        
          
          

        

        
          D-1

          
            

          

        

        
          
          

        

      

    

    

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the above-captioned Pooling and Servicing Agreement.

     

    
      	 	
              [_______________________________]

            
	 	 
	 	
              By:
                _______________________________

            
	 	 
	 	
              Name:

            
	 	 
	 	
              Title:

            

    

    

    
 

    
      
        
          
          

        

        
          D-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      E

     

    FORM
      OF
      REMITTANCE REPORT

    

      
        	
                FNMA
                  LENDER NUMBER

              	
                CUTOFF
                  DATE

              	
                INVESTOR
                  LOAN NUMBER

              	
                LOAN
                  NUMBER

              	
                OTHER
                  LOAN NUMBER

              	
                BORROWER
                  NAME

              	
                BORROWER
                  FIRST NAME

              	
                LENDER
                  NUMBER

              	
                LOAN
                  NOTE RATE

              	
                SCHEDULED
                  NOTE RATE

              	
                PREVIOUS
                  INDEX VALUE

              	
                NEW
                  INDEX VALUE

              	
                LOAN
                  PAYMENT AMOUNT

              	
                LOAN
                  SCHEDULED PAYMENT AMOUNT

              
	
                Reserved
                  for future use

              	
                Date
                  data posted to system

              	 	 	 	 	 	 	 	 	 	 	 	 

      

      

      
        	
                FNMA
                  LENDER NUMBER

              	
                INTEREST
                  REMITTED

              	
                SCHEDULED
                  PRINCIPAL AMOUNT

              	
                CURTAILMENT
                  AMOUNT

              	
                PRINCIPAL
                  ADJUSTMENTS

              	
                FORECLOSURE
                  PRINCIPAL

              	
                LIQUIDATION
                  PRINCIPAL

              	
                PAYOFF
                  DATE

              	
                LOAN
                  STATUS

              	
                BEGINNING
                  INVESTOR BALANCE

              	
                SCHEDULED
                  PART PRINCIPAL

              	
                REO
                  PROPERTY NUMBER

              
	
                Reserved
                  for future use

              	
                scheduled
                  interest

              	 	 	 	
                Used
                  for liquidation principal

              	
                Used
                  for prepays-in-full

              	 	 	
                Beginning
                  scheduled balance

              	
                Ending
                  scheduled balance

              	 

      

      

      
        	
                FNMA
                  LENDER NUMBER

              	
                INTEREST
                  PAID TO DATE

              	
                RATE
                  NEXT CHANGE

              	
                PMT
                  NEXT CHANGE

              	
                FORECLOSURE
                  STATUS

              	
                SALE
                  CURRENT SERVICE FEE RATE

              	
                SERVICER
                  CUSTNO

              	
                MASTER
                  SERVICER FEE

              	
                ARM
                  PLAN CODE

              	
                LOAN
                  PARTICIPANT PRINCIPAL

              	
                INVESTOR
                  CUSTNO

              	
                SALE
                  NUMBER

              	
                INVESTOR
                  TYPE

              	
                PURCHASE
                  NUMBER

              
	
                Reserved
                  for future use

              	 	 	 	
                Status
                  code for loans in

              	 	
                Servicer
                  

                ID
                  #

              	 	 	
                Actual
                  UPB

              	
                Investor
                  ID #

              	 	 	 
	 	 	 	 	
                foreclosure
                  and REO

              	 	 	 	 	 	 	 	 	 

      

      

      
        	
                FNMA
                  LENDER NUMBER

              	
                BANKRUPTCY
                  STATUS

              	
                PROPERTY
                  STREET NUMBER

              	
                PROPERTY
                  STREET NAME

              	
                PROPERTY
                  CITY

              	
                STATE
                  CODE

              	
                ZIP
                  CODE

              	
                ORIGINAL
                  TERM

              	
                ORIGINAL
                  LOAN BALANCE

              	
                ORIGINAL
                  RATE

              	
                ORIGINAL
                  PAYMENT AMOUNT

              	
                FIRST
                  PAYMENT DATE

              	
                LOAN
                  REMAINING TERM

              	
                MATURITY
                  DATE

              
	
                Reserved
                  for future use

              	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

      

      

      
        
          
          

        

        
          E-1

          
            

          

        

        
          
          

        

      

      

      
        	
                FNMA
                  LENDER NUMBER

              	
                RATE
                  LIFE CAP

              	
                RATE
                  CHANGE FREQUENCY

              	
                SINGLE
                  DEBIT PART PRINCIPAL

              	
                ACTUAL
                  PRINCIPAL COLLECTED

              	
                ACTUAL
                  INTEREST COLLECTED

              	
                REO
                  LOSS

              	
                INTEREST
                  ADJUSTMENT ON PAYOFF

              	
                INTEREST
                  ADJUSTMENT ON REO

              	
                MASTER
                  SERVICE FEE EARNED

              
	
                Reserved
                  for future use

              	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

      

      

      

      
        	
                INVESTOR_REMITTANCE_HISTORY

              	 	 	 	 	 
	
                LOAN

                NUMBER

              	
                INVESTOR

                LOAN
                  NUMBER

              	
                INVESTOR

                CUST
                  NUMBER

              	
                SALE

                NUMBER

              	
                LOAN
                  STATUS

              	
                LOAN
                  STATUS DATE

              	
                ANCILLARY
                  FEES

                REMITTED
                  INV

              	
                ANCILLARY
                  FEES

                REMITTED
                  OTHER

              
	
                113631871

              	
                1103631871

              	
                3621

              	
                32

              	
                2

              	
                15-Feb-07

              	
                0

              	
                0

              

      

      

 

    

    
      
        
          
          

        

        
          E-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      F-1

     

    REQUEST
      FOR RELEASE

     

    (for
      Custodian)

     

    
      	
              Loan
                Information

            	 	 
	 	
              Name
                of Mortgagor:

            	
              ___________________________

            
	 	
              Master
                Servicer

            	 
	 	
              Loan
                No.:

            	
              ___________________________

            
	 	 	 
	
              Trustee

            	 	 
	 	
              Name:

            	
              ___________________________

            
	 	
              Address:

            	
              ___________________________

            
	 	 	
              ___________________________

            
	 	 	 
	 	
              Trustee

            	 
	 	
              Mortgage
                File No.:

            	
              ___________________________

            

    

    

    
      
        
          
          

        

        
          F-1-1

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              Request
                for Requesting Documents (check one):

            
	 
	
              1. Mortgage
                Loan Liquidated.

            
	 
	
              (The
                Master Servicer hereby certifies that all proceeds of foreclosure,
                insurance or other liquidation have been finally received and deposited
                into the Custodial Account to the extent required pursuant to the
                Pooling
                and Servicing Agreement.)

            
	 
	
              2. Mortgage
                Loan in Foreclosure.

            
	 
	
              3. Mortgage
                Loan Repurchased Pursuant to Section 9.01 of the Pooling and Servicing
                Agreement.

            
	 
	
              4. Mortgage
                Loan Repurchased Pursuant to Article II of the Pooling and Servicing
                Agreement.

            
	 
	
              (The
                Master Servicer hereby certifies that the repurchase price has been
                deposited into the Custodial Account pursuant to the Pooling and
                Servicing
                Agreement.)

            
	 
	
              5. Other
                (explain).

            
	 
	 
	 
	 
	 
	 
	 

    

    

     

    

    
      
        
          
          

        

        
          F-1-2

          
            

          

        

        
          
          

        

      

    

    

    The
      undersigned Master Servicer hereby acknowledges that it has received from the
      Trustee for the Holders of Mortgage Pass-Through Certificates, Series 2007-2,
      the documents referred to below (the “Documents”). All capitalized terms not
      otherwise defined in this Request for Release shall have the meanings given
      them
      in the Pooling and Servicing Agreement, dated as of March 1, 2007 (the “Pooling
      and Servicing Agreement”), among Impac Secured Assets Corp., Impac Funding
      Corporation and the Trustee.

     

    
      	
              (
                )

            	
              Promissory
                Note dated _________________, 200_, in the original principal sum
                of
                $__________, made by __________________, payable to, or endorsed
                to the
                order of, the Trustee.

            

    

     

    
      	
              (
                )

            	
              Mortgage
                recorded on _________________________ as instrument no. ___________
                in the
                County Recorders Office of the County of ______________________,
                State of
                _____________________ in book/reel/docket of official records at
                page/image _______________.

            

    

     

    
      	
              (
                )

            	
              Deed
                of Trust recorded on ____________________ as instrument no._____________
                in the County Recorder’s Office of the County of ______________________,
                State of _____________________in book/reel/docket __________________
                of
                official records at page/image
                ________________.

            

    

     

    
      	
              (
                )

            	
              Assignment
                of Mortgage or Deed of Trust to the Trustee, recorded on _______________
                as instrument no. ______________ in the County Recorder’s Office of the
                County of ________________, State of ___________________ in
                book/reel/docket ____________ of official records at page/image
                ___________.

            

    

     

    
      	
              (
                )

            	
              Other
                documents, including any amendments, assignments or other assumptions
                of
                the Mortgage Note or Mortgage.

            

    

     

    
      	 	
              (
                )

            	
              ___________________________

            

    

     

    
      	 	
              (
                )

            	
              ___________________________

            

    

     

    
      	 	
              (
                )

            	
              ___________________________

            

    

     

    
      	 	
              (
                )

            	
              ___________________________

            

    

     

    

     

    

    
      
        
          
          

        

        
          F-1-3

          
            

          

        

        
          
          

        

      

    

    

    The
      undersigned Master Servicer hereby acknowledges and agrees as
      follows:

     

    (1) The
      Master Servicer shall hold and retain possession of the Documents in trust
      for
      the benefit of the Trustee, solely for the purposes provided in the
      Agreement.

     

    (2) The
      Master Servicer shall not cause or knowingly permit the Documents to become
      subject to, or encumbered by, any claim, liens, security interest, charges,
      writs of attachment or other impositions nor shall the Master Servicer assert
      or
      seek to assert any claims or rights of setoff to or against the Documents or
      any
      proceeds thereof.

     

    (3) The
      Master Servicer shall return each and every Document previously requested from
      the Mortgage File to the Custodian when the need therefor no longer exists,
      unless the Mortgage Loan relating to the Documents has been liquidated and
      the
      proceeds thereof have been remitted to the Custodial Account and except as
      expressly provided in the Agreement.

     

    (4) The
      Documents and any proceeds thereof, including any proceeds of proceeds, coming
      into the possession or control of the Master Servicer shall at all times be
      earmarked for the account of the Trustee, and the Master Servicer shall keep
      the
      Documents and any proceeds separate and distinct from all other property in
      the
      Master Servicer’s possession, custody or control.

     

    
      	 	
              IMPAC
                FUNDING CORPORATION

            
	 	
               

               

              By:______________________________

              Title:_____________________________

            

    

    

    Date:
      _________________, 200_

     

    
 

    
      
        
          
          

        

        
          F-1-4

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      F-2

     

    REQUEST
      FOR RELEASE

     

    [Mortgage
      Loans Paid in Full]

     

    OFFICER’S
      CERTIFICATE AND TRUST RECEIPT

     

    MORTGAGE
      PASS-THROUGH CERTIFICATES

     

    SERIES
      2007-2

     

    _____________________________________
      HEREBY CERTIFIES THAT HE/SHE IS AN OFFICER OF THE MASTER SERVICER, HOLDING
      THE
      OFFICE SET FORTH BENEATH HIS/HER SIGNATURE, AND HEREBY FURTHER CERTIFIES AS
      FOLLOWS:

     

    WITH
      RESPECT TO THE MORTGAGE LOANS, AS THE TERM IS DEFINED IN THE POOLING AND
      SERVICING AGREEMENT DESCRIBED IN THE ATTACHED SCHEDULE:

     

    ALL
      PAYMENTS OF PRINCIPAL, PREMIUM (IF ANY), AND INTEREST HAVE BEEN
      MADE.

     

    
      	
              LOAN
                NUMBER: _____________________

            	
              BORROWER’S
                NAME: ________________

            
	 	 
	
              COUNTY:
                ___________________________

            	 

    

    

    

    
      
        
          
          

        

        
          F-2-1

          
            

          

        

        
          
          

        

      

    

    

    WE
      HEREBY
      CERTIFY THAT ALL AMOUNTS RECEIVED IN CONNECTION WITH SUCH PAYMENTS, WHICH ARE
      REQUIRED TO BE DEPOSITED IN THE CUSTODIAL ACCOUNT PURSUANT TO SECTION 3.10
      OF
      THE POOLING AND SERVICING AGREEMENT, HAVE BEEN OR WILL BE CREDITED.

     

    
      	
              _________
                ____________

            	
              DATED:
                _____________________

            
	
               

               

              // VICE
                PRESIDENT

               

               

              // ASSISTANT
                VICE PRESIDENT

            	 

    

    

    

    
 

    
      
        
          
          

        

        
          F-2-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-1

     

    FORM
      OF
      INVESTOR REPRESENTATION LETTER

     

    ___________,200__

     

    Impac
      Secured Assets Corp.

    19500
      Jamboree Road

    Irvine,
      California 92612

     

    DB
      Services Tennessee

    648
      Grassmere Park Road

    Nashville,
      Tennessee 37211-3658

    Attention:
      Transfer Unit

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.

            
	 	 	
              Mortgage
                Pass-Through Certificates Series 2007-2, Class [_]
                Certificates

            
	 	 	 

    

    Ladies
      and Gentlemen:

     

    ______________
      (the “Purchaser”) intends to purchase from ______________ (the “Seller”)
      $_________ Initial Certificate Principal Balance of Mortgage Pass-Through
      Certificates, Series 2007-2, Class _____ (the “Certificates”), issued pursuant
      to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”),
      dated as of March 1, 2007 among Impac Secured Assets Corp., as depositor (the
      “Company”), Impac Funding Corporation, as master servicer, Deutsche Bank
      National Trust Company, as trustee (the “Trustee”). All terms used herein and
      not otherwise defined shall have the meanings set forth in the Pooling and
      Servicing Agreement. The Purchaser hereby certifies, represents and warrants
      to,
      and covenants with, the Company and the Trustee that:

     

    1. The
      Purchaser understands that (a) the Certificates have not been and will not
      be
      registered or qualified under the Securities Act of 1933, as amended (the “Act”)
      or any state securities law, (b) the Company is not required to so register
      or
      qualify the Certificates, (c) the Certificates may be resold only if registered
      and qualified pursuant to the provisions of the Act or any state securities
      law,
      or if an exemption from such registration and qualification is available, (d)
      the Pooling and Servicing Agreement contains restrictions regarding the transfer
      of the Certificates and (e) the Certificates will bear a legend to the foregoing
      effect.

    

    2. The
      Purchaser is acquiring the Certificates for its own account for investment
      only
      and not with a view to or for sale in connection with any distribution thereof
      in any manner that would violate the Act or any applicable state securities
      laws.

     

    

    
      
        
          
          

        

        
          G-1-1

          
            

          

        

        
          
          

        

      

    

     

    3. The
      Purchaser is (a) a substantial, sophisticated institutional investor having
      such
      knowledge and experience in financial and business matters, and, in particular,
      in such matters related to securities similar to the Certificates, such that
      it
      is capable of evaluating the merits and risks of investment in the Certificates,
      (b) able to bear the economic risks of such an investment and (c) an “accredited
      investor” within the meaning of Rule 501 (a) promulgated pursuant to the
      Act.

     

    4. The
      Purchaser has been furnished with, and has had an opportunity to review (a)
      a
      copy of the Pooling and Servicing Agreement and (b) such other information
      concerning the Certificates, the Mortgage Loans and the Company as has been
      requested by the Purchaser from the Company or the Seller and is relevant to
      the
      Purchaser’s decision to purchase the Certificates. The Purchaser has had any
      questions arising from such review answered by the Company or the Seller to
      the
      satisfaction of the Purchaser.

     

    5. The
      Purchaser has not and will not nor has it authorized or will it authorize any
      person to (a) offer, pledge, sell, dispose of or otherwise transfer any
      Certificate, any interest in any Certificate or any other similar security
      to
      any person in any manner, (b) solicit any offer to buy or to accept a pledge,
      disposition of other transfer of any Certificate, any interest in any
      Certificate or any other similar security from any person in any manner, (c)
      otherwise approach or negotiate with respect to any Certificate, any interest
      in
      any Certificate or any other similar security with any person in any manner,
      (d)
      make any general solicitation by means of general advertising or in any other
      manner or (e) take any other action, that (as to any of (a) through (e) above)
      would constitute a distribution of any Certificate under the Act, that would
      render the disposition of any Certificate a violation of Section 5 of the Act
      or
      any state securities law, or that would require registration or qualification
      pursuant thereto. The Purchaser will not sell or otherwise transfer any of
      the
      Certificates, except in compliance with the provisions of the Pooling and
      Servicing Agreement.

    

    
      	 	
              Very
                truly yours,

            
	 	 
	 	
              _________________________________

              (Purchaser)

               

              By:______________________________

               

              Name:____________________________

               

              Title:_____________________________

            

    

    

    
 

    
      
        
          
          

        

        
          G-1-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-2

     

    FORM
      OF
      TRANSFEROR REPRESENTATION LETTER

     

    ______________,200___

     

    Impac
      Secured Assets Corp.

    19500
      Jamboree Road

    Irvine,
      California 92612

     

    DB
      Services Tennessee

    648
      Grassmere Park Road

    Nashville,
      Tennessee 37211-3658

    Attention:
      Transfer Unit

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.

            
	 	 	
              Mortgage
                Pass-Through Certificates, Series 2007-2, Class []
                Certificates

            
	 	 	 

    

    Ladies
      and Gentlemen:

     

    In
      connection with the sale by ___________ (the “Seller”) to ________ (the
“Purchaser”) of $_________ Initial Certificate Principal Balance of Mortgage
      Pass-Through Certificates, Series 2007-2, Class _____ (the “Certificates”),
      issued pursuant to the Pooling and Servicing Agreement (the “Pooling and
      Servicing Agreement”), dated as of March 1, 2007 among Impac Secured Assets
      Corp., as depositor (the “Company”), Impac Funding Corporation, as master
      servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”). The
      Seller hereby certifies, represents and warrants to, and covenants with, the
      Company and the Trustee that:

    

      Neither
        the Seller nor anyone acting on its behalf has (a) offered, pledged, sold,
        disposed of or otherwise transferred any Certificate, any interest in any
        Certificate or any other similar security to any person in any manner, (b)
        has
        solicited any offer to buy or to accept a pledge, disposition or other transfer
        of any Certificate, any interest in any Certificate or any other similar
        security from any person in any manner, (c) has otherwise approached or
        negotiated with respect to any Certificate, any interest in any Certificate
        or
        any other similar security with any person in any manner, (d) has made any
        general solicitation by means of general advertising or in any other manner,
        or
        (e) has taken any other action, that (as to any of (a) through (e) above)
        would
        constitute a distribution of the Certificates under the Securities Act of
        1933
        (the “Act”), that would render the disposition of any Certificate a violation of
        Section 5 of the Act or any state securities law, or that would require
        registration or qualification pursuant thereto. The Seller will not act in
        any
        manner set forth in the foregoing sentence with respect to any Certificate.
        The
        Seller has not and will not sell or otherwise transfer any of the Certificates,
        except in compliance with the provisions of the Pooling and Servicing
        Agreement.

    

    
      
        
          
          

        

        
          G-2-1

          
            

          

        

        
          
          

        

      

    

    

     

    
      	 	
              Very
                truly yours,

            
	 	 
	 	
              _________________________________

              (Seller)

               

              By:______________________________

               

              Name:____________________________

               

              Title:_____________________________

            

    

    

 

    
      
        
          
          

        

        
          G-2-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-3

     

    FORM
      OF
      RULE 144A INVESTMENT REPRESENTATION

     

    Description
      of Rule 144A Securities, including numbers:

     

    Impac
      Secured Assets Corp.

     

    Mortgage
      Pass-Through Certificates

     

    Series
      2007-2, Class ____, No. ____

     

    The
      undersigned seller, as registered holder (the “Transferor”), intends to transfer
      the Rule 144A Securities described above to the undersigned buyer (the
“Buyer”).

     

    1. In
      connection with such transfer and in accordance with the agreements pursuant
      to
      which the Rule 144A Securities were issued, the Transferor hereby certifies
      the
      following facts: Neither the Transferor nor anyone acting on its behalf has
      offered, transferred, pledged, sold or otherwise disposed of the Rule 144A
      Securities, any interest in the Rule 144A Securities or any other similar
      security to, or solicited any offer to buy or accept a transfer, pledge or
      other
      disposition of the Rule 144A Securities, or otherwise approached or negotiated
      with respect to the Rule 144A Securities, any interest in the Rule 144A
      Securities or any other similar security with, any person in any manner, or
      made
      any general solicitation by means of general advertising or in any other manner,
      or taken any other action, which would constitute a distribution of the Rule
      144A Securities under the Securities Act of 1933, as amended (the “1933 Act”),
      or which would render the disposition of the Rule 144A Securities a violation
      of
      Section 5 of the 1933 Act or require registration pursuant thereto, and that
      the
      Transferor has not offered the Rule 144A Securities to any person other than
      the
      Buyer or another “qualified institutional buyer” as defined in Rule 144A under
      the 1933 Act.

     

    2. The
      Buyer
      warrants and represents to, and covenants with, the Transferor, the Trustee
      and
      the Master Servicer pursuant to Section 5.02 of the Pooling and Servicing
      Agreement as follows:

     

    a. The
      Buyer
      understands that the Rule 144A Securities have not been registered under the
      1933 Act or the securities laws of any state.

     

    b. The
      Buyer
      considers itself a substantial, sophisticated institutional investor having
      such
      knowledge and experience in financial and business matters that it is capable
      of
      evaluating the merits and risks of investment in the Rule 144A
      Securities.

    

    c. The
      Buyer
      has been furnished with all information regarding the Rule 144A Securities
      that
      it has requested from the Transferor, the Trustee or the Master
      Servicer.

     

    

    
      
        
          
          

        

        
          G-3-1

          
            

          

        

        
          
          

        

      

    

     

    d. Neither
      the Buyer nor anyone acting on its behalf has offered, transferred, pledged,
      sold or otherwise disposed of the Rule 144A Securities, any interest in the
      Rule
      144A Securities or any other similar security to, or solicited any offer to
      buy
      or accept a transfer, pledge or other disposition of the Rule 144A Securities,
      any interest in the Rule 144A Securities or any other similar security from,
      or
      otherwise approached or negotiated with respect to the Rule 144A Securities,
      any
      interest in the Rule 144A Securities or any other similar security with, any
      person in any manner, or made any general solicitation by means of general
      advertising or in any other manner, or taken any other action, that would
      constitute a distribution of the Rule 144A Securities under the 1933 Act or
      that
      would render the disposition of the Rule 144A Securities a violation of Section
      5 of the 1933 Act or require registration pursuant thereto, nor will it act,
      nor
      has it authorized or will it authorize any person to act, in such manner with
      respect to the Rule 144A Securities.

     

    e. The
      Buyer
      is a “qualified institutional buyer” as that term is defined in Rule 144 under
      the 1933 Act and has completed either of the forms of certification to that
      effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale
      to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule
      144A Securities for its own account or the account of other qualified
      institutional buyers, understands that such Rule 144 Securities may be resold,
      pledged or transferred only (i) to a person reasonably believed to be a
      qualified institutional buyer that purchases for its own account or for the
      account of a qualified institutional buyer to whom notice is given that the
      resale, pledge or transfer is being made in reliance on Rule 144A, or (ii)
      pursuant to another exemption from registration under the 1933 Act.

     

    3. The
      Buyer
      warrants and represents to, and covenants with, the Transferor, the Servicer
      and
      the Company that either (1) the Buyer is not an employee benefit plan within
      the
      meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974,
      as amended (“ERISA”) (“Plan”), or a plan within the meaning of Section
      4975(e)(1) of the Internal Revenue Code of 1986 (the “Code”) (also a “Plan”),
      and the Buyer is not directly or indirectly purchasing the Rule 144A Securities
      on behalf of, as investment manager of, as named fiduciary of, as trustee of,
      or
      with assets of a Plan, or (2) the Buyer has provided the Trustee with the
      opinion letter required by section 5.02(c) of the Pooling and Servicing
      Agreement.

     

    4. This
      document may be executed in one or more counterparts and by the different
      parties hereto on separate counterparts, each of which, when so executed, shall
      be deemed to be an original; such counterparts, together, shall constitute
      one
      and the same document.

    
 

    
      
        
          
          

        

        
          G-3-2

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, each of the parties has executed this document as of the date
      set forth below.

     

    

    
      	
              ________________________________

            	
              ________________________________

            
	
              Print
                Name of Transferor

            	
              Print
                Name of Buyer

            
	 	 
	
              By:
                ________________________________

            	
              By:
                ________________________________

            
	 	 
	
              Name:

            	
              Name:

            
	 	 
	
              Title:

            	
              Title:

            
	 	 
	 	 
	
              Taxpayer
                Identification:

            	
              Taxpayer
                Identification:

            
	 	 
	
              No.
                ________________________________

            	
              No.
                ________________________________

            
	 	 
	
              Date:
                ____________________________

            	
              Date:
                ____________________________

            

    

    

    
 

    
      
        
          
          

        

        
          G-3-3

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      1 TO EXHIBIT G-

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Buyers Other Than Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows in connection with the Rule 144A
      Investment Representation to which this Certification is attached:

     

    1. As
      indicated below, the undersigned is the President, Chief Financial Officer,
      Senior Vice President or other executive officer of the Buyer.

     

    2. In
      connection with purchases by the Buyer, the Buyer is a “qualified institutional
      buyer” as that term is defined in Rule 144A under the Securities Act of 1933
      (“Rule 144A”) because (i) the Buyer owned and/or invested on a discretionary
      basis $____________________1 
      in
      securities (except for the excluded securities referred to below) as of the
      end
      of the Buyer’s most recent fiscal year (such amount being calculated in
      accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the
      category marked below.

     

    
      	
              ____

            	
              Corporation,
                etc.
                The Buyer is a corporation (other than a bank, savings and loan
                association or similar institution), Massachusetts or similar business
                trust, partnership, or charitable organization described in Section
                501(c)(3) of the Internal Revenue
                Code.

            

    

     

    
      	
              ____

            	
              Bank.
                The Buyer (a) is a national bank or banking institution organized
                under
                the laws of any State, territory or the District of Columbia, the
                business
                of which is substantially confined to banking and is supervised by
                the
                State or territorial banking commission or similar official or is
                a
                foreign bank or equivalent institution, and (b) has an audited net
                worth
                of at least $25,000,000 as demonstrated in its latest annual financial
                statement, a copy of which is attached
                hereto.

            

    

     

    
      	
              ____

            	
              Savings
                and Loan.
                The Buyer (a) is a savings and loan association, building and loan
                association, cooperative bank, homestead association or similar
                institution, which is supervised and examined by a State or Federal
                authority having supervision over any such institutions or is a foreign
                savings and loan association or equivalent institution and (b) has
                an
                audited net worth of at least $25,000,000 as demonstrated in its
                latest
                annual financial statements.

            

    

    
      

      
        	
                ____

              	
                Broker-dealer.
                  The Buyer is a dealer registered pursuant to Section 15 of the
                  Securities
                  Exchange Act of 1934.

              

      

       

    

                    

      
        1 Buyer
          must own and/or invest on a discretionary basis at least $100,000,000 in
          securities unless Buyer is a dealer, and, in that case, Buyer must own
          and/or
          invest on a discretionary basis at least $10,000,000 in
          securities.

      

    

    

    
      
        
          
          

        

        
          G-3-4

          
            

          

        

        
          
          

        

      

    

     

    
      	
              ____

            	
              Insurance
                Company.
                The Buyer is an insurance company whose primary and predominant business
                activity is the writing of insurance or the reinsuring of risks
                underwritten by insurance companies and which is subject to supervision
                by
                the insurance commissioner or a similar official or agency of a State,
                territory or the District of
                Columbia.

            

    

     

    
      	
              ____

            	
              State
                or Local Plan.
                The Buyer is a plan established and maintained by a State, its political
                subdivisions, or any agency or instrumentality of the State or its
                political subdivisions, for the benefit of its
                employees.

            

    

     

    
      	
              ____

            	
              ERISA
                Plan.
                The Buyer is an employee benefit plan within the meaning of Title
                I of the
                Employee Retirement Income Security Act of
                1974.

            

    

     

    
      	
              ____

            	
              Investment
                Adviser.
                The Buyer is an investment adviser registered under the Investment
                Advisers Act of 1940.

            

    

     

    
      	
              ____

            	
              SBIC.
                The Buyer is a Small Business Investment Company licensed by the
                U.S.
                Small Business Administration under Section 301(c) or (d) of the
                Small
                Business Investment Act of 1958.

            

    

     

    
      	
              ____

            	
              Business
                Development Company.
                The Buyer is a business development company as defined in Section
                202(a)(22) of the Investment Advisers Act of
                1940.

            

    

     

    
      	
              ____

            	
              Trust
                Fund.
                The Buyer is a trust fund whose trustee is a bank or trust company
                and
                whose participants are exclusively (a) plans established and maintained
                by
                a State, its political subdivisions, or any agency or instrumentality
                of
                the State or its political subdivisions, for the benefit of its employees,
                or (b) employee benefit plans within the meaning of Title I of the
                Employee Retirement Income Security Act of 1974, but is not a trust
                fund
                that includes as participants individual retirement accounts or H.R.
                10
                plans.

            

    

     

    3. The
      term
“securities”
as
      used
      herein does
      not include
      (i)
      securities of issuers that are affiliated with the Buyer, (ii) securities that
      are part of an unsold allotment to or subscription by the Buyer, if the Buyer
      is
      a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan
      participations, (v) repurchase agreements, (vi) securities owned but subject
      to
      a repurchase agreement and (vii) currency, interest rate and commodity
      swaps.

     

    4. For
      purposes of determining the aggregate amount of securities owned and/or invested
      on a discretionary basis by the Buyer, the Buyer used the cost of such
      securities to the Buyer and did not include any of the securities referred
      to in
      the preceding paragraph. Further, in determining such aggregate amount, the
      Buyer may have included securities owned by subsidiaries of the Buyer, but
      only
      if such subsidiaries are consolidated with the Buyer in its financial statements
      prepared in accordance with generally accepted accounting principles and if
      the
      investments of such subsidiaries are managed under the Buyer’s direction.
      However, such securities were not included if the Buyer is a majority-owned,
      consolidated subsidiary of another enterprise and the Buyer is not itself a
      reporting company under the Securities Exchange Act of 1934.

     

    

    
      
        
          
          

        

        
          G-3-5

          
            

          

        

        
          
          

        

      

    

    

    5. The
      Buyer
      acknowledges that it is familiar with Rule 144A and understands that the seller
      to it and other parties related to the Certificates are relying and will
      continue to rely on the statements made herein because one or more sales to
      the
      Buyer may be in reliance on Rule 144A.

     

    
      	
              ___
                Yes

            	
              ___
                No

            	
              Will
                the Buyer be purchasing the Rule 144A Securities only for the Buyer’s own
                account?

            
	 	 	 

    

    6. If
      the
      answer to the foregoing question is “no”, the Buyer agrees that, in connection
      with any purchase of securities sold to the Buyer for the account of a third
      party (including any separate account) in reliance on Rule 144A, the Buyer
      will
      only purchase for the account of a third party that at the time is a “qualified
      institutional buyer” within the meaning of Rule 144A. In addition, the Buyer
      agrees that the Buyer will not purchase securities for a third party unless
      the
      Buyer has obtained a current representation letter from such third party or
      taken other appropriate steps contemplated by Rule 144A to conclude that such
      third party independently meets the definition of “qualified institutional
      buyer” set forth in Rule 144A.

     

    7. The
      Buyer
      will notify each of the parties to which this certification is made of any
      changes in the information and conclusions herein. Until such notice is given,
      the Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of
      this certification as of the date of such purchase.

     

    

    
      	 	
              ________________________________

              Print
                Name of Buyer

            
	 	 
	 	
              By:
                ________________________________

              Name:

              Title:

            
	 	 
	 	
              Date:
                ________________________________

            

    

    

    

    
      
        
          
          

        

        
          G-3-6

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      2 TO
      EXHIBIT G-3

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Buyers That Are Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows in connection with the Rule 144A
      Investment Representation to which this Certification is attached:

     

    1. As
      indicated below, the undersigned is the President, Chief Financial Officer
      or
      Senior Vice President of the Buyer or, if the Buyer is a “qualified
      institutional buyer” as that term is defined in Rule 144A under the Securities
      Act of 1933 (“Rule 144A”) because Buyer is part of a Family of Investment
      Companies (as defined below), is such an officer of the Adviser.

     

    2. In
      connection with purchases by Buyer, the Buyer is a “qualified institutional
      buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment
      company registered under the Investment Company Act of 1940, and (ii) as marked
      below, the Buyer alone, or the Buyer’s Family of Investment Companies, owned at
      least $100,000,000 in securities (other than the excluded securities referred
      to
      below) as of the end of the Buyer’s most recent fiscal year. For purposes of
      determining the amount of securities owned by the Buyer or the Buyer’s Family of
      Investment Companies, the cost of such securities was used.

     

    ____       The
      Buyer
      owned $_______________ in securities (other than the excluded securities
      referred to below) as of the end of the Buyer’s most recent fiscal year (such
      amount being calculated in accordance with Rule 144A).

     

    ____       The
      Buyer
      is part of a Family of Investment Companies which owned in the aggregate
      $____________ in securities (other than the excluded securities referred to
      below) as of the end of the Buyer’s most recent fiscal year (such amount being
      calculated in accordance with Rule 144A).

     

    3. The
      term
“Family
      of Investment Companies”
as
      used
      herein means two or more registered investment companies (or series thereof)
      that have the same investment adviser or investment advisers that are affiliated
      (by virtue of being majority owned subsidiaries of the same parent or because
      one investment adviser is a majority owned subsidiary of the
      other).

     

    4. The
      term
“securities”
as
      used
      herein does not include (i) securities of issuers that are affiliated with
      the
      Buyer or are part of the Buyer’s Family of Investment Companies, (ii) bank
      deposit notes and certificates of deposit, (iii) loan participations, (iv)
      repurchase agreements, (v) securities owned but subject to a repurchase
      agreement and (vi) currency, interest rate and commodity swaps.

    

    5. The
      Buyer
      is familiar with Rule 144A and understands that each of the parties to which
      this certification is made are relying and will continue to rely on the
      statements made herein because one or more sales to the Buyer will be in
      reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer’s
      own account.

     

    

    
      
        
          
          

        

        
          G-3-7

          
            

          

        

        
          
          

        

      

    

     

    6. The
      undersigned will notify each of the parties to which this certification is
      made
      of any changes in the information and conclusions herein. Until such notice,
      the
      Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of this
      certification by the undersigned as of the date of such purchase.

     

    
      	 	
              ________________________________

            
	 	
              Print
                Name of Buyer

            
	 	 
	 	
              By:
                ________________________________

              Name:

              Title:

            
	 	 
	 	
              IF
                AN ADVISER:

            
	 	
              ________________________________

              Print
                Name of Buyer

            
	 	 
	 	 
	 	
              Date:
                ________________________________

            

    

    

 

    
      
        
          
          

        

        
          G-3-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-4

     

    FORM
      OF
      TRANSFEROR CERTIFICATE

     

    ______________,
      200__

     

    Impac
      Secured Assets Corp.

    19500
      Jamboree Road

    Irvine,
      California 92612

     

    DB
      Services Tennessee

    648
      Grassmere Park Road

    Nashville,
      Tennessee 37211-3658

    Attention:
      Transfer Unit

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.

            
	 	 	
              Mortgage
                Pass-Through Certificates 

              Series
                2007-2, Class [R] 

            
	 	 	 

    

    Ladies
      and Gentlemen:

     

    This
      letter is delivered to you in connection with the sale by _________________
      (the
“Seller”) to __________________________________ (the “Purchaser”) of a ____%
      Percentage Interest in the Mortgage Pass-Through Certificates, Series
2007-2,
      Class
      [R] “Certificates”), issued pursuant to Section 5.02 of the Pooling and
      Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of March
      1, 2007, among Impac Secured Assets Corp., as depositor (the “Company”), Impac
      Funding Corporation, as master servicer and Deutsche Bank National Trust
      Company, as trustee (the “Trustee”). All terms used herein and not otherwise
      defined shall have the meaning set forth in the Pooling and Servicing Agreement.
      The Seller hereby certifies, represents and warrants to, and covenants with,
      the
      Company and the Trustee that:

     

    1. No
      purpose of the Seller relating to the sale of the Certificates by the Seller
      to
      the Purchaser is or will be to impede the assessment or collection of any
      tax.

     

    2. The
      Seller understands that the Purchaser has delivered to the Trustee and the
      Master Servicer a transfer affidavit and agreement in the form attached to
      the
      Pooling and Servicing Agreement as Exhibit G-5. The Seller does not know or
      believe that any representation contained therein is false.

    

    3. The
      Seller has at the time of the transfer conducted a reasonable investigation
      of
      the financial condition of the Purchaser as contemplated by Treasury Regulations
      Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller
      has
      determined that the Purchaser has historically paid its debts as they have
      become due and has found no significant evidence to indicate that the Purchaser
      will not continue to pay its debts as they become due in the future. The Seller
      understands that the transfer of the Certificates may not be respected for
      United States income tax purposes (and the Seller may continue to be liable
      for
      United States income taxes associated therewith) unless the Seller has conducted
      such an investigation.

     

    

    
      
        
          
          

        

        
          G-4-1

          
            

          

        

        
          
          

        

      

    

     

    4. The
      Seller has no actual knowledge that the proposed Transferee is a Disqualified
      Organization, an agent of a Disqualified Organization or a Non-United States
      Person.

     

    

    
      	 	
              Very
                truly yours,

            
	 	
              _________________________________

              (Seller)

               

              By:______________________________

               

              Name:____________________________

               

              Title:_____________________________

            

    

    
 

    
      
        
          
          

        

        
          G-4-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-5

     

    FORM
      OF
      TRANSFER AFFIDAVIT AND AGREEMENT

     

    
      	
              STATE
                OF

            	
              )

            
	 	
              :ss.

            
	
              COUNTY
                OF

            	
              )

            

    

    

    ___________________,
      being first duly sworn, deposes, represents and warrants:

     

    1. That
      he/she is [Title of Officer] of [Name of Owner], a [savings institution]
      [corporation] duly organized and existing under the laws of [the State of
      __________] [the United States], (the “Investor”), (record or beneficial owner
      of the Class R Certificates (the “Certificates”) on behalf of which he/she makes
      this affidavit and agreement). This Class R Certificates were issued pursuant
      to
      the Pooling and Servicing Agreement, dated as of February 1, 2007 (the
“Agreement”), among Impac Secured Assets Corp., as depositor (the “Depositor”),
      Impac Funding Corporation, as master servicer (the “Master Servicer”), and
      Deutsche Bank National Trust Company, as trustee (the “Trustee”).

     

    1. The
      Investor is, as of the date hereof, and will be, as of the date of the Transfer,
      a Permitted Transferee. The Investor is not acquiring its Ownership Interest
      in
      the Certificates for the account of a Person other than a Permitted
      Transferee.

     

    2. The
      Investor has been advised and understands that (i) a tax will be imposed on
      Transfers of the Certificates to Persons that are not Permitted Transferees;
      (ii) such tax will be imposed on the Transferor, or, if such Transfer is
      through an agent (which includes a broker, nominee or middleman) for a Person
      that is not a Permitted Transferee, on the agent; and (iii) the Person
      otherwise liable for the tax shall be relieved of liability for the tax if
      a
      subsequent transferee furnishes to such Person an affidavit that such subsequent
      transferee is a Permitted Transferee, and at the time of Transfer, such Person
      does not have actual knowledge that the affidavit is false.

     

    3. The
      Investor has been advised and understands that a tax will be imposed on a
“pass-through entity” holding the Certificates if at any time during the taxable
      year of the pass-through entity a Person that is not a Permitted Transferee
      is
      the record holder of an interest in such entity. The Investor understands that
      such tax will not be imposed for any period with respect to which the record
      holder furnishes to the pass-through entity an affidavit that such record holder
      is a Permitted Transferee and the pass-through entity does not have actual
      knowledge that such affidavit is false. (For this purpose, a “pass-through
      entity” includes a regulated investment company, a real estate investment trust
      or common trust fund, a partnership, trust or estate, and certain cooperatives
      and, except as may be provided in Treasury regulations, Persons holding
      interests in pass-through entities as a nominee for another
      Person.)

    

    4. The
      Investor has reviewed the provisions of Section 5.02(e) of the Agreement and
      understands the legal consequences of the acquisition of an Ownership Interest
      in the Certificates, including, without limitation, the restrictions on
      subsequent Transfers and the provisions regarding voiding any prohibited
      Transfers and mandatory sales. The Investor expressly agrees to be bound by,
      and
      to abide by, such provisions of the Agreement and the restrictions noted on
      the
      face of the Certificates. The Investor understands and agrees that any breach
      of
      any of the representations included herein shall render the Transfer of the
      Certificates to the Investor contemplated hereby null and void. The Investor
      consents to any amendment of the Agreement that shall be deemed necessary by
      the
      Depositor (upon advice of nationally recognized counsel) to constitute a
      reasonable arrangement to ensure that the Certificate will not be owned directly
      or indirectly by a Person other than a Permitted Transferee.

     

    

    
      
        
          
          

        

        
          G-5-1

          
            

          

        

        
          
          

        

      

    

     

    5. The
      Investor agrees not to Transfer the Certificates, or cause the Transfer of
      the
      Certificates by a Person for whom the Investor is acting as nominee, trustee
      or
      agent, in each case unless (i) it has received an affidavit in substantially
      the
      same form as this affidavit containing these same representations and covenants
      from the subsequent transferee. In connection with any such Transfer by the
      Investor, the Investor agrees to deliver to the Trustee a certificate
      substantially in the form set forth as Exhibit G-4 to the Agreement to the
      effect that the Investor has no actual knowledge that the Person to which the
      Transfer is to be made is not a Permitted Transferee.

     

    6. The
      Investor has historically paid its debts as they have come due, intends to
      pay
      its debts as they come due in the future, and understands that the taxes
      associated with holder an Ownership Interest in the Certificates may exceed
      the
      cash flow with respect thereto in some or all periods and intends to pay such
      taxes as they become due. The Investor does not have the intention, and no
      purpose of the Transfer of the Certificates to the Investor is, to impede the
      assessment or collection of any tax legally required to be paid with respect
      to
      the Certificates.

     

    7. The
      Investor’s U.S. taxpayer identification number is [_____________].

     

    8. The
      Investor is a United States Person.

     

    9. The
      Investor is aware that the Certificates may be a “noneconomic residual interest”
within the meaning of Treasury regulations promulgated under Section 860E of
      the
      Code and that the transferor of a noneconomic residual interest will remain
      liable for any taxes due with respect to the income on such residual interest,
      unless no significant purpose of the transfer was to impede the assessment
      or
      collection of tax.

     

    10. The
      Investor will not cause income from the Certificates to be attributable to
      a
      foreign permanent establishment or fixed base, within the meaning of an
      applicable income tax treaty, of the Investor or any other United States
      Person.

     

    11. Check
      one
      of the following:

     

    o  The
      Transfer
      of the Certificates complies with U.S. Treasury Regulation Sections
      1.860E-1(c)(7) and (8) and, accordingly:

    
      

      (i) the
        present value of the anticipated tax liabilities associated with holding
        the
        Certificates does not exceed the sum of:

    

    

    
      
        
          
          

        

        
          G-5-2

          
            

          

        

        
          
          

        

      

    

     

    
      	 	
              (a)

            	
              the
                present value of any consideration given to the Investor to acquire
                such
                Certificates;

            

    

     

    
      	 	
              (b)

            	
              the
                present value of the expected future distributions on such Certificates;
                and

            

    

     

    
      	 	
              (c)

            	
              the
                present value of the anticipated tax savings associated with holding
                such
                Certificates as the related REMIC generates losses;
                and

            

    

     

    (ii) the
      Transfer of the Certificates will not result in such Certificates being held,
      directly or indirectly, by a foreign permanent establishment or fixed base,
      within the meaning of an applicable income tax treaty, of the Investor or any
      other United States Person.

     

    For
      purposes of the calculation in clause (i) above, (x) the Investor is assumed
      to
      pay tax at the highest rate currently specified in Section 11(b)(1) of the
      Code
      (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of
      the highest rate specified in Section 11(b)(1) of the Code if the Investor
      has
      been subject to the alternative minimum tax under Section 55 of the Code in
      the
      preceding two years and will compute its taxable income in the current taxable
      year using the alternative minimum tax rate) and (y) present values are computed
      using a discount rate equal to the short-term Federal rate prescribed by Section
      1274(d) of the Code for the month of the transfer and the compounding period
      used by the Investor.

     

     o The
      Transfer of the Certificates
      complies with U.S. Treasury Regulation Sections 1.860E-1(c)(5) and (6) and,
      accordingly:

     

    
      	 	
              (i)

            	
              the
                Investor is an “eligible corporation,” as defined in U.S. Treasury
                Regulation Section 1.860E-1(c)(6)(i), as to which income from the
                Certificates will only be taxed in the United
                States;

            

    

     

    
      	 	
              (ii)

            	
              at
                the time of the Transfer, and at the close of the Investor’s two fiscal
                years preceding the fiscal year of the transfer, the Investor had
                gross
                assets for financial reporting purposes (excluding any obligation
                of a
                “related person” to the Investor within the meaning of U.S. Treasury
                Regulation Section 1.860E-1(c)(6)(ii) and any other asset the principal
                purpose of which is to permit the Investor to satisfy the condition
                of
                this clause (ii)) in excess of $100 million and net assets in excess
                of
                $10 million;

            

    

     

    
      	 	
              (iii)

            	
              the
                Investor will transfer the Certificates only to another “eligible
                corporation,” as defined in U.S. Treasury Regulation Section
                1.860E-1(c)(6)(i), in a transaction in which the requirements of
                U.S. Treasury Regulation Sections 1.860E-1(c)(4)(i), (ii) and (iii)
                and -1(c)(5) are satisfied and, accordingly, the subsequent transferee
                provides a similar affidavit with this box checked;
                and

            

    

    

    
      	 	
              (iv)

            	
              the
                Investor determined the consideration paid to it to acquire the
                Certificates based on reasonable market assumptions (including, but
                not
                limited to, borrowing and investment rates, prepayment and loss
                assumptions, expense and reinvestment assumptions, tax rates and
                other
                factors specific to the Investor) that it has determined in good
                faith and
                has concluded that such consideration, together with other assets
                of the
                Investor, will be sufficient to cover the taxes associated with the
                Certificates.

            

    

     

     

    

    
      
        
          
          

        

        
          G-5-3

          
            

          

        

        
          
          

        

      

    

     

    o None
      of the above.

     

    11. (a)
      The
      Certificates (i) are not being acquired by, and will not be transferred to,
      any
      employee benefit plan within the meaning of Section 3(3) of the Employee
      Retirement Income Security Act of 1974, as amended (“ERISA”), or other
      retirement arrangement, including individual retirement accounts and annuities,
      Keogh plans and bank collective investment funds and insurance company general
      or separate accounts in which such plans, accounts or arrangements are invested,
      that is subject to ERISA or Section 4975 of the Code (any of the foregoing,
      a
“Plan”), (ii) are not being acquired with “plan assets” of a Plan within the
      meaning of the Department of Labor (“DOL”) regulation, 29 C.F.R. § 2510.3-101 or
      otherwise under ERISA, and (iii) will not be transferred to any entity that
      is
      deemed to be investing in plan assets within the meaning of the DOL regulation,
      29 C.F.R. § 2510.3-101 or otherwise under ERISA; or

     

    (b)
      The
      Investor will provide the Trustee with an opinion of counsel, as specified
      in
      Section 5.02(c) of the Agreement, acceptable to and in form and substance
      satisfactory to the Trustee to the effect that the purchase of Certificates
      is
      permissible under applicable law, will not constitute or result in any
      non-exempt prohibited transaction under ERISA or Section 4975 of the Code and
      will not subject the Trustee, the Depositor or the Master Servicer to any
      obligation or liability (including obligations or liabilities under ERISA or
      Section 4975 of the Code) in addition to those undertaken in the
      Agreement.

     

    In
      addition, the Investor hereby certifies, represents and warrants to, and
      covenants with, the Depositor, the Trustee and the Master Servicer that the
      Investor will not transfer such Certificates to any Plan or person unless either
      such Plan or person meets the requirements set forth in either (a) or (b)
      above.

     

    

    
      
        
          
          

        

        
          G-5-4

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Investor has caused this instrument to be executed on
      its
      behalf, by its [Title of Officer] and its corporate seal to be hereunto
      attached, attested by its [Assistant] Secretary, this ______ day of
      _____________, _____.

     

    

    
      	 	
               

              ________________________________ [NAME
                OF INVESTOR]

               

               

              By:
                ________________________________

              [Name
                of Officer]

              [Title
                of Officer]

            
	 	 
	
              [Corporate
                Seal]

               

               

              ATTEST:

               

               

              ________________________________
                

              [Assistant]
                Secretary

            	 

    

    

    

    
      
        
          
          

        

        
          G-5-5

          
            

          

        

        
          
          

        

      

    

    

    FORM
      OF TRANSFEROR AFFIDAVIT

     

    
      	
              STATE
                OF NEW YORK

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF NEW YORK

            	
              )

            	 

    

    

    The
      undersigned is the [Title of Officer] of [Name of Transferor] (the “Owner”), the
      proposed transferor of an Ownership Interest in the Impac Secured Assets Corp.,
      Mortgage pass-through Certificates, Series 2007-1, Class [R-1][R-2][R-3]
      Certificate (the “Certificate”) issued pursuant to the Pooling and Servicing
      Agreement (the “Agreement”) relating to the Certificate, dated as of [ ], 2007,
      among [ ], as depositor (the “Depositor”), [ ], as master servicer (“the Master
      Servicer”) and [ ], as trustee (the “Trustee”), and makes this affidavit on
      behalf of the Owner for the benefit of the Depositor and the Trustee.
      Capitalized terms used, but not defined herein, shall have the meanings ascribed
      to such terms in the Agreement.

     

    1. The
      Owner
      is not transferring the Certificate to impede the assessment or collection
      of
      any tax.

     

    2. The
      Owner
      has no actual knowledge that the proposed Transferee of the Certificate: (i)
      has
      insufficient assets to pay any taxes that would be owed by such Transferee
      as
      Holder of the Certificate; (ii) may become insolvent or subject to a bankruptcy
      proceeding for so long as the Certificate remains outstanding; and (iii) is
      not
      a Permitted Transferee.

     

    3. The
      Owner
      understands that the proposed Transferee has delivered to the Trustee a transfer
      affidavit and agreement in the form attached to the Pooling and Servicing
      Agreement as Exhibit F-2. The Owner does not know or believe that any
      representation contained therein is false.

     

    4. At
      the
      time of transfer, the Owner has conducted a reasonable investigation of the
      financial condition of the proposed Transferee as contemplated by Treasury
      Regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation,
      the
      Owner has determined that the proposed Transferee has historically paid its
      debts as they became due and has found no significant evidence to indicate
      that
      the proposed Transferee will not continue to pay its debts as they become due
      in
      the future. The Owner understands that the transfer of the Certificate may
      not
      be respected for U.S. federal income tax purposes (and the Owner may continue
      to
      be liable for U.S. federal income taxes associated therewith) unless the Owner
      has conducted such an investigation.

     

    

    
      
        
          
          

        

        
          G-5-6

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Investor has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its [Title of
      Officer] this ____ day of _________, 20__.

     

    
      	 	 	 	 	 	 	
              [NAME
                OF OWNER]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	
              Name:

            	
              [Name
                of Officer]

            
	 	 	 	 	 	 	
              Title:

            	
              [Title
                of Officer]

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

    

    

    Personally
      appeared before me the above-named [Name of Officer], known or proved to me
      to
      be the same person who executed the foregoing instrument and to be the [Title
      of
      Officer] of the Owner, and acknowledged to me that he/she executed the same
      as
      his/her free act and deed and the free act and deed of the Owner.

     

    Subscribed
      and sworn before me this ___ day of _________, 20___.

     

    NOTARY
      PUBLIC

     

    COUNTY
      OF

     

    STATE
      OF

     

    My
      commission expires the ___ day of ___________________, 20___.

    
 

    
      
        
          
          

        

        
          G-5-7

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      H

     

    MORTGAGE
      LOAN SCHEDULE

    

    

    LOAN_ID            CITY1                                            ZIP_CODE   STATE              FIRST_PAY_DATE           MATURITY_DATE    AM_TYPE                BALLOON                    STATED_ORIGINAL_TERM            AMORT_TERM1              STATED_REM_TERM              ORIGINAL_BALANCE               CURRENT_BALANCE   LIEN                            SR_LIEN_BALANCE           TOTAL_BAL             JR_LIEN_BALANCE            SALES_PRICE           APPRAISAL           LOAN_TO_VALUE
1103584580         CHICAGO                                             60649   IL                       20060701                20360601    ARMS                   No                                          360                    360                          351                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00                      -          230,000.00                   75.00
1103586631         PLAINFIELD                                          60585   IL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    139,796.70   First Lien                                    -          175,000.00                   35,000.00                      -          175,000.00                   80.00
1103591424         CAPE CORAL                                          33990   FL                       20061001                20360901    FIXED                  No                                          360                    360                          354                    262,000.00                    261,030.66   First Lien                                    -          262,000.00                           -                      -          380,000.00                   68.95
1103601212         HEWLETT                                             11557   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,826,000.00                   35.60
1103603669         SAN CLEMENTE                                        92672   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    310,800.00                    310,800.00   First Lien                                    -          310,800.00                           -                      -          420,000.00                   74.00
1103605997         MIAMI                                               33131   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          535,000.00                   80.00
1103607944         LOS ANGELES                                         90016   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    472,500.00                    472,500.00   First Lien                                    -          567,000.00                   94,500.00             630,000.00          630,000.00                   75.00
1103608150         IRVINE                                              92606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    409,200.00                    409,200.00   First Lien                                    -          545,600.00                  136,400.00             545,654.00          546,000.00                   74.99
1103608558         MIAMI                                               33032   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    128,792.00                    128,792.00   First Lien                                    -          160,990.00                   32,198.00             160,990.00          229,000.00                   80.00
1103611552         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          517,800.00                   57,800.00             578,655.00          579,000.00                   79.49
1103611725         MIAMI                                               33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,168.00                    188,168.00   First Lien                                    -          238,346.00                   50,178.00             250,891.00          278,000.00                   75.00
1103613851         SALTON CITY                                         92275   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -             315,000.00          315,000.00                   80.00
1103617300         HENDERSON                                           89015   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          199,500.00                   42,000.00             210,000.00          230,000.00                   75.00
1103622198         LONGBOAT KEY                                        34228   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    200,000.00                    199,493.02   First Lien                                    -          200,000.00                           -                      -          710,000.00                   28.17
1103622952         DENVER                                              80207   CO                       20061201                20361201    ARMS                   Yes                                         360                    480                          356                    230,000.00                    229,670.36   First Lien                                    -          230,000.00                           -                      -          272,000.00                   84.56
1103623076         PERRIS                                              92571   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    232,000.00                    232,000.00   First Lien                                    -          290,000.00                   58,000.00             290,000.00          320,000.00                   80.00
1103623408         SAN JACINTO                                         92582   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    340,450.00                    340,450.00   First Lien                                    -          425,550.00                   85,100.00             425,609.00          426,000.00                   79.99
1103624184         MIAMI                                               33145   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00                      -          665,000.00                   80.00
1103625191         SHIRLEY                                             11967   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    223,500.00                    223,123.38   First Lien                                    -          279,500.00                   56,000.00             280,000.00          280,000.00                   79.82
1103625345         DAVENPORT                                           33897   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    220,000.00                    220,000.00   First Lien                                    -          275,000.00                   55,000.00             275,000.00          317,000.00                   80.00
1103626012         DOS PALOS                                           93620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -             300,095.00          304,000.00                   79.97
1103627762         JACKSONVILLE                                        32210   FL                       20061101                20361001    FIXED                  No                                          360                    360                          355                    284,000.00                    282,635.48   First Lien                                    -          284,000.00                           -                      -          365,000.00                   77.81
1103628830         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    507,500.00                    507,500.00   First Lien                                    -          507,500.00                           -             725,000.00          930,000.00                   70.00
1103629224         COACHELLA                                           92236   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    265,600.00                    264,699.76   First Lien                                    -          332,000.00                   66,400.00             332,000.00          332,000.00                   80.00
1103629431         VAIL                                                85641   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    224,000.00                    224,000.00   First Lien                                    -          224,000.00                           -                      -          285,000.00                   78.60
1103629858         WEST COVINA                                         91792   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    397,000.00                    397,000.00   First Lien                                    -          397,000.00                           -                      -          535,000.00                   74.21
1103630253         PHELAN                                              92371   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    298,350.00                    298,350.00   First Lien                                    -          298,350.00                           -                      -          351,000.00                   85.00
1103630450         JERICHO                                             11753   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    549,500.00                    549,500.00   First Lien                                    -          549,500.00                           -             785,000.00          786,000.00                   70.00
1103631161         PENSACOLA                                           32507   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    381,000.00                    381,000.00   First Lien                                    -          489,800.00                  108,800.00             544,342.00          549,000.00                   69.99
1103631249         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    609,000.00                    609,000.00   First Lien                                    -          609,000.00                           -             870,000.00        1,050,000.00                   70.00
1103631338         LAS VEGAS                                           89178   NV                       20070101                20361201    ARMS                   No                                          360                    360                          357                    414,400.00                    414,400.00   First Lien                                    -          518,000.00                  103,600.00                      -          518,000.00                   80.00
1103631564         COMPTON                                             90220   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    198,595.00                    198,053.46   First Lien                                    -          198,595.00                           -                      -          420,000.00                   47.28
1103631951         TUCSON                                              85715   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    862,500.00                    862,500.00   First Lien                                    -          920,000.00                   57,500.00                      -        1,150,000.00                   75.00
1103632042         DORAL                                               33166   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    186,130.00                    186,130.00   First Lien                                    -          252,605.00                   66,475.00             265,900.00          266,000.00                   70.00
1103632374         RUTHER GLEN                                         22546   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,100.00                    188,100.00   First Lien                                    -          188,100.00                           -                      -          198,000.00                   95.00
1103632425         OXNARD                                              93036   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    484,000.00                    482,403.41   First Lien                                    -          544,500.00                   60,500.00                      -          605,000.00                   80.00
1103632669         LAS VEGAS                                           89109   NV                       20070201                20370101    FIXED                  No                                          360                    360                          358                    369,000.00                    369,000.00   First Lien                                    -          369,000.00                           -                      -          615,000.00                   60.00
1103632722         LAS VEGAS                                           89109   NV                       20070201                20370101    FIXED                  No                                          360                    360                          358                    582,000.00                    582,000.00   First Lien                                    -          582,000.00                           -                      -          970,000.00                   60.00
1103632732         RAWLINS                                             82301   WY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    100,600.00                    100,600.00   First Lien                                    -          120,650.00                   20,050.00                      -          138,000.00                   72.90
1103632963         SAN DIEGO                                           92102   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
1103633014         STOCKTON                                            95209   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    504,000.00                    502,945.06   First Lien                                    -          567,000.00                   63,000.00                      -          630,000.00                   80.00
1103633115         DAVENPORT                                           33837   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    150,000.00                    150,000.00   First Lien                                    -          190,000.00                   40,000.00             200,000.00          200,000.00                   75.00
1103633151         SAN JOSE                                            95116   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    565,950.00                    565,950.00   First Lien                                    -          707,450.00                  141,500.00             707,454.00          710,000.00                   80.00
1103633224         STAMFORD                                             6902   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    164,500.00                    164,500.00   First Lien                                    -          235,000.00                   70,500.00             235,000.00          235,000.00                   70.00
1103633318         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,200.00                    284,200.00   First Lien                                    -          360,000.00                   75,800.00             379,000.00          475,000.00                   74.99
1103633412         SAN DIEGO                                           92101   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          540,000.00                   74.07
1103633673         OLD BRIDGE                                           8857   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          333,000.00                   55.56
1103633769         KEANSBURG                                            7734   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    142,500.00                    142,500.00   First Lien                                    -          142,500.00                           -                      -          190,000.00                   75.00
1103633982         TAMPA                                               33604   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    105,000.00                    104,764.70   First Lien                                    -          133,000.00                   28,000.00             140,000.00          140,000.00                   75.00
1103634051         SALINAS                                             93905   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    492,000.00                    491,017.97   First Lien                                    -          539,000.00                   47,000.00                      -          615,000.00                   80.00
1103634224         BAKERSFIELD                                         93308   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    244,000.00                    243,774.01   First Lien                                    -          305,000.00                   61,000.00             305,000.00          342,000.00                   80.00
1103634332         CARSON                                              90746   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    415,591.91   First Lien                                    -          417,000.00                           -                      -          750,000.00                   55.60
1103634386         RINGGOLD                                            30736   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    148,000.00                    147,837.37   First Lien                                    -          148,000.00                           -             185,000.00          185,000.00                   80.00
1103634730         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    146,050.00                    146,050.00   First Lien                                    -          208,650.00                   62,600.00             208,650.00          230,000.00                   70.00
1103635046         PERRIS                                              92570   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
1103635508         HERALD                                              95638   CA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    557,500.00                    555,080.77   First Lien                                    -          557,500.00                           -                      -          845,000.00                   65.98
1103635662         PERRIS                                              92570   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    298,800.00                    298,800.00   First Lien                                    -          298,800.00                           -                      -          332,000.00                   90.00
1103635709         DENVER                                              80221   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          304,000.00                   64,000.00                      -          320,000.00                   75.00
1103635773         CAMARILLO                                           93010   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    405,000.00                    403,664.00   First Lien                                    -          405,000.00                           -                      -          815,000.00                   49.69
1103635779         BELL GARDENS                                        90201   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,594.35   First Lien                                    -          520,000.00                           -                      -          715,000.00                   72.73
1103635799         CANOGA PARK                                         91303   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    448,000.00                    448,000.00   First Lien                                    -          468,000.00                   20,000.00                      -          560,000.00                   80.00
1103635804         FORT COLLINS                                        80528   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    626,000.00                    626,000.00   First Lien                                    -          626,000.00                           -                      -        1,060,000.00                   59.06
1103635994         AURORA                                              80016   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    510,000.00                    510,000.00   First Lien                                    -          510,000.00                           -                      -          755,000.00                   67.55
1103636117         SAN BERNARDINO                                      92407   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
1103636219         ORLANDO                                             32819   FL                       20061201                20361101    ARMS                   No                                          360                    360                          356                    153,600.00                    153,214.10   First Lien                                    -          153,600.00                           -             192,000.00          192,000.00                   80.00
1103636277         EVANS                                               80620   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,750.00                    126,750.00   First Lien                                    -          160,550.00                   33,800.00             169,000.00          169,000.00                   75.00
1103636350         LAKELAND                                            33813   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    341,836.00                    341,836.00   First Lien                                    -          341,836.00                           -             466,836.00          470,000.00                   73.22
1103636410         HASTINGS                                            55033   MN                       20070201                20370101    FIXED                  No                                          360                    360                          358                    195,650.00                    195,650.00   First Lien                                    -          295,700.00                  100,050.00             311,300.00          317,000.00                   62.85
1103636504         RIALTO                                              92336   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103636520         ROCHESTER                                           55906   MN                       20070201                20220101    FIXED                  No                                          180                    180                          178                    131,500.00                    130,583.74   First Lien                                    -          131,500.00                           -                      -          330,000.00                   39.85
1103636655         HAMILTON CITY                                       95951   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    153,600.00                    153,600.00   First Lien                                    -          192,000.00                   38,400.00             192,000.00          192,000.00                   80.00
1103636716         YUCAIPA                                             92399   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    286,500.00                    286,500.00   First Lien                                    -          305,600.00                   19,100.00             382,000.00          385,000.00                   75.00
1103636729         PATERSON                                             7522   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
1103636745         INGLEWOOD                                           90301   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -             175,000.00          190,000.00                   80.00
1103636795         TUSTIN                                              92782   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    560,150.00                    560,150.00   First Lien                                    -          560,150.00                           -           1,160,167.00        1,160,500.00                   48.28
1103636823         CHINO HILLS                                         91709   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    650,000.00                    645,422.88   First Lien                                    -          650,000.00                           -                      -        1,000,000.00                   65.00
1103636850         LAKE ELSINORE                                       92530   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -             350,000.00          350,000.00                   80.00
1103636904         SPRING HILL                                         34606   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                     76,300.00                     76,300.00   First Lien                                    -           96,300.00                   20,000.00              96,300.00          102,000.00                   79.23
1103636905         OROVILLE                                            95966   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    160,000.00                    160,000.00   First Lien                                    -          180,000.00                   20,000.00             200,000.00          207,000.00                   80.00
1103636911         RANCHO CUCAMONGA                                    91730   CA                       20060401                20360301    ARMS                   No                                          360                    360                          348                    344,000.00                    340,828.80   First Lien                                    -          344,000.00                           -                      -          365,000.00                   94.25
1103636915         PENSACOLA                                           32507   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    268,200.00                    268,200.00   First Lien                                    -          344,800.00                   76,600.00             383,250.00          439,000.00                   69.98
1103636947         CHULA VISTA                                         91911   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103637007         LAS VEGAS                                           89107   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00             225,000.00          225,000.00                   75.00
1103637164         (GRANADA HILLS AREA) LOS                            91344   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    449,600.00                    449,600.00   First Lien                                    -          562,000.00                  112,400.00             562,000.00          565,000.00                   80.00
1103637218         OJAI                                                93023   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    498,750.00                    498,750.00   First Lien                                    -          665,000.00                  166,250.00                      -          665,000.00                   75.00
1103637474         JONESBORO                                           30236   GA                       20061101                20361001    FIXED                  No                                          360                    360                          355                    597,700.00                    587,635.07   First Lien                                    -          597,700.00                           -                      -          975,000.00                   61.30
1103637660         CLEARWATER                                          33767   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          585,000.00                   52.14
1103637690         OCEANSIDE                                           92054   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -        1,050,000.00                   47.24
1103637779         LAKE WORTH                                          33461   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    215,000.00                    215,000.00   First Lien                                    -          236,000.00                   21,000.00                      -          280,000.00                   76.79
1103637781         OLYMPIA                                             98501   WA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    556,000.00                    555,151.26   First Lien                                    -          556,000.00                           -                      -          725,000.00                   76.69
1103637846         POMONA                                              91767   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    219,500.00                    219,139.11   First Lien                                    -          219,500.00                           -                      -          345,000.00                   63.62
1103637870         LOS ANGELES                                         90002   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    248,400.00                    248,400.00   First Lien                                    -          298,100.00                   49,700.00             331,250.00          340,000.00                   74.99
1103637964         CORONA                                              92882   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    465,000.00                    465,000.00   First Lien                                    -          560,000.00                   95,000.00                      -          625,000.00                   74.40
1103637965         THOUSAND OAKS                                       91320   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    283,550.00                    283,550.00   First Lien                                    -          283,550.00                           -                      -          800,000.00                   35.44
1103637976         SAINT GEORGE                                        84770   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    112,000.00                    112,000.00   First Lien                                    -          112,000.00                           -                      -          160,000.00                   70.00
1103638046         WOODBRIDGE                                          22193   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          400,000.00                   76.25
1103638060         CYPRESS                                             90630   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    344,000.00                    343,900.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          430,000.00                   80.00
1103638077         LOS ANGELES                                         90037   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    182,000.00                    181,742.25   First Lien                                    -          247,000.00                   65,000.00             260,000.00          415,000.00                   70.00
1103638257         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    155,315.00                    155,315.00   First Lien                                    -          155,315.00                           -             163,490.00          230,000.00                   95.00
1103638365         ELK RIVER                                           55330   MN                       20070201                20370101    ARMS                   No                                          360                    360                          358                    429,600.00                    429,600.00   First Lien                                    -          537,000.00                  107,400.00             537,000.00          537,000.00                   80.00
1103638398         BAY HARBOUR ISLAND                                  33154   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    184,000.00                    184,000.00   First Lien                                    -          230,000.00                   46,000.00             230,000.00          230,000.00                   80.00
1103638401         PENSACOLA                                           32507   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    475,500.00                    475,110.24   First Lien                                    -          611,300.00                  135,800.00             679,319.00          699,000.00                   70.00
1103638514         COMPTON                                             90221   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          425,000.00                   71.76
1103638571         FONTANA                                             92336   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    357,000.00                    357,000.00   First Lien                                    -          357,000.00                           -                      -          510,000.00                   70.00
1103638615         SOMERVILLE                                           2144   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -             525,000.00          525,000.00                   75.00
1103638677         HEMET                                               92544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          220,000.00                   80.00
1103638718         MANASSAS CITY                                       20110   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    337,600.00                    337,322.73   First Lien                                    -          422,000.00                   84,400.00                      -          422,000.00                   80.00
1103638729         MISSION VIEJO                                       92692   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          785,000.00                   53.12
1103638735         PANAMA CITY BEACH                                   32413   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -             350,000.00          399,000.00                   80.00
1103638743         BRAWLEY                                             92227   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,360.00                    201,360.00   First Lien                                    -          201,360.00                           -                      -          254,000.00                   79.28
1103638819         NATIONAL CITY                                       91950   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    250,000.00                    249,512.79   First Lien                                    -          250,000.00                           -                      -          495,000.00                   50.51
1103638840         TUCSON                                              85704   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    376,000.00                    376,000.00   First Lien                                    -          446,500.00                   70,500.00             470,000.00          470,000.00                   80.00
1103638846         PARAMOUNT                                           90723   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    545,300.00                    545,300.00   First Lien                                    -          701,100.00                  155,800.00             779,000.00          800,000.00                   70.00
1103638851         EDWARDS                                             81632   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    624,700.00                    624,700.00   First Lien                                    -          624,700.00                           -                      -          980,000.00                   63.74
1103638854         POINCIANA                                           34759   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    164,500.00                    164,500.00   First Lien                                    -          235,000.00                   70,500.00                      -          235,000.00                   70.00
1103638942         LAS VEGAS                                           89123   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    297,270.00                    297,270.00   First Lien                                    -          403,438.00                  106,168.00             424,672.00          480,000.00                   70.00
1103638960         JENSEN BEACH                                        34957   FL                       20070201                20220101    FIXED                  No                                          180                    180                          178                    155,500.00                    154,381.72   First Lien                                    -          155,500.00                           -                      -          294,000.00                   52.89
1103639011         DANA POINT                                          92629   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    496,300.00                    496,300.00   First Lien                                    -          638,100.00                  141,800.00                      -          709,000.00                   70.00
1103639017         CUMBERLAND                                          21502   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    112,000.00                    111,918.94   First Lien                                    -          140,000.00                   28,000.00                      -          140,000.00                   80.00
1103639029         TURLOCK                                             95380   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    228,000.00                    228,000.00   First Lien                                    -          228,000.00                           -                      -          326,000.00                   69.94
1103639156         VAN NUYS AREA                                       91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          575,000.00                   80.00
1103639160         LOS ANGELES                                         90011   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          400,000.00                   54.00
1103639186         SOUTH LAKE TAHOE                                    96150   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                     55,000.00                     54,850.00   First Lien                                    -           55,000.00                           -             445,000.00          450,000.00                   12.36
1103639192         DUBLIN                                              94568   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    378,000.00                    378,000.00   First Lien                                    -          378,000.00                           -                      -          850,000.00                   44.47
1103639194         SAN DIEGO                                           92127   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,215,067.00                  215,067.00           1,350,000.00        1,400,000.00                   74.07
1103639195         ALTADENA                                            91001   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    639,200.00                    639,200.00   First Lien                                    -          716,160.00                   76,960.00                      -          800,000.00                   79.90
1103639273         PERRIS                                              92571   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    361,600.00                    361,600.00   First Lien                                    -          452,000.00                   90,400.00                      -          470,000.00                   76.94
1103639318         KISSIMMEE                                           34743   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          287,000.00                   65.16
1103639326         EDWARDS                                             81632   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    797,000.00                    795,409.19   First Lien                                    -          797,000.00                           -                      -        2,270,000.00                   35.11
1103639331         CHICO                                               95928   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    588,000.00                    588,000.00   First Lien                                    -          588,000.00                           -                      -          735,000.00                   80.00
1103639417         MOJAVE                                              93501   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    209,300.00                    209,300.00   First Lien                                    -          269,100.00                   59,800.00             299,000.00          305,000.00                   70.00
1103639478         MIAMI                                               33127   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    159,000.00                    158,780.44   First Lien                                    -          159,000.00                           -                      -          212,000.00                   75.00
1103639507         CAPE CORAL                                          33909   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          225,000.00                   45,000.00             225,000.00          225,000.00                   80.00
1103639567         CHESAPEAKE                                          23322   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    552,400.00                    551,099.40   First Lien                                    -          552,400.00                           -             690,510.00          696,000.00                   80.00
1103639568         RICHMOND                                            23220   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00             175,000.00          210,000.00                   75.00
1103639572         ABERDEEN                                            21001   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    191,900.00                    191,900.00   First Lien                                    -          217,450.00                   25,550.00                      -          255,900.00                   74.99
1103639573         BALTIMORE                                           21244   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    190,000.00                    190,000.00   First Lien                                    -          190,000.00                           -                      -          246,000.00                   77.24
1103639580         PASADENA                                            21122   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    548,000.00                    548,000.00   First Lien                                    -          650,750.00                  102,750.00                      -          685,000.00                   80.00
1103639605         DARTMOUTH                                            2747   MA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    472,000.00                    471,208.55   First Lien                                    -          472,000.00                           -                      -          650,000.00                   72.62
1103639616         LAS VEGAS                                           89117   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    165,250.00                    165,250.00   First Lien                                    -          185,900.00                   20,650.00             206,610.00          207,000.00                   79.98
1103639617         LOS ANGELES                                         90064   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    599,200.00                    599,200.00   First Lien                                    -          748,200.00                  149,000.00             749,000.00          750,000.00                   80.00
1103639665         NOKESVILLE                                          20181   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    495,000.00                    495,000.00   First Lien                                    -          660,000.00                  165,000.00                      -          660,000.00                   75.00
1103639807         CANYON COUNTRY                                      91387   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             440,000.00          440,000.00                   72.73
1103639815         HACKENSACK                                           7601   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00             475,000.00          476,000.00                   80.00
1103639866         RANCHO CUCAMONGA                                    91737   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          750,000.00                   36.00
1103639867         LYNWOOD                                             90262   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
1103639875         GARDEN GROVE                                        92845   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    445,200.00                    445,200.00   First Lien                                    -          540,600.00                   95,400.00                      -          636,000.00                   70.00
1103639902         TAKOMA PARK                                         20912   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          304,000.00                   80,000.00             320,000.00          320,000.00                   70.00
1103639929         MISSION VIEJO                                       92691   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    525,000.00                    523,926.86   First Lien                                    -          525,000.00                           -                      -          910,000.00                   57.69
1103639974         RIVERSIDE                                           92509   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    333,750.00                    333,750.00   First Lien                                    -          394,750.00                   61,000.00                      -          445,000.00                   75.00
1103639979         SANTA MARIA                                         93454   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    363,750.00                    363,750.00   First Lien                                    -          363,750.00                           -                      -          485,000.00                   75.00
1103640004         SANTA MARIA                                         93454   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    313,500.00                    313,500.00   First Lien                                    -          313,500.00                           -                      -          405,000.00                   77.41
1103640107         HUNTINGTON BEACH                                    92647   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    481,850.00                    481,850.00   First Lien                                    -          481,850.00                           -                      -          642,500.00                   75.00
1103640124         SCOTTSDALE                                          85251   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00             680,000.00          680,000.00                   80.00
1103640158         SAN RAFAEL                                          94901   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    530,000.00                    529,015.63   First Lien                                    -          530,000.00                           -                      -        2,350,000.00                   22.55
1103640172         SAN BERNARDINO                                      92407   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
1103640195         LAKE HAVASU CITY                                    86403   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103640236         STERLING                                            20165   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    199,687.02   First Lien                                    -          200,000.00                           -                      -          300,000.00                   66.67
1103640267         COACHELLA                                           92236   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    150,000.00                    149,714.60   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103640282         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    616,000.00                    616,000.00   First Lien                                    -          616,000.00                           -             880,000.00        1,050,000.00                   70.00
1103640297         CHICAGO                                             60649   IL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    189,000.00                    188,822.94   First Lien                                    -          189,000.00                           -             210,000.00          210,000.00                   90.00
1103640353         OCALA                                               34472   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    140,000.00                    139,729.76   First Lien                                    -          140,000.00                           -                      -          175,000.00                   80.00
1103640357         HAGERSTOWN                                          21742   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    233,600.00                    233,252.18   First Lien                                    -          292,000.00                   58,400.00                      -          292,000.00                   80.00
1103640383         FRESNO                                              93703   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    100,001.00                     99,326.07   First Lien                                    -          100,001.00                           -                      -          165,000.00                   60.61
1103640408         RIALTO                                              92376   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00             440,000.00          470,000.00                   80.00
1103640436         THOUSAND OAKS                                       91362   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    520,000.00                    520,000.00   First Lien                                    -          520,000.00                           -                      -        1,015,000.00                   51.23
1103640464         FORT MYERS                                          33966   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    135,920.00                    135,759.76   First Lien                                    -          135,920.00                           -             169,900.00          195,000.00                   80.00
1103640504         MENLO PARK                                          94025   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    550,000.00                    548,875.75   First Lien                                    -          550,000.00                           -                      -        1,050,000.00                   52.38
1103640511         POMONA                                              91768   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    385,000.00                    384,093.53   First Lien                                    -          522,500.00                  137,500.00                      -          550,000.00                   70.00
1103640526         PEORIA                                              85383   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    355,600.00                    355,600.00   First Lien                                    -          444,500.00                   88,900.00             444,500.00          525,000.00                   80.00
1103640559         WALNUT CREEK                                        94597   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    576,000.00                    576,000.00   First Lien                                    -          576,000.00                           -                      -          720,000.00                   80.00
1103640568         KANSAS CITY                                         64127   MO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    108,000.00                    107,911.44   First Lien                                    -          108,000.00                           -                      -          135,000.00                   80.00
1103640628         LOS ANGELES                                         91411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          306,000.00                   34,000.00                      -          340,000.00                   80.00
1103640631         DALLAS                                              75201   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    322,000.00                    321,520.55   First Lien                                    -          437,000.00                  115,000.00             460,000.00          460,000.00                   70.00
1103640659         SAN DIEGO                                           92124   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,500.00                    290,500.00   First Lien                                    -          290,500.00                           -                      -          415,000.00                   70.00
1103640693         LOS ALAMOS                                          93440   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          680,000.00                   66.18
1103640699         DEL REY                                             93616   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    105,000.00                    104,795.38   First Lien                                    -          105,000.00                           -                      -          192,000.00                   54.69
1103640711         SAN DIEGO                                           92105   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    166,000.00                    166,000.00   First Lien                                    -          166,000.00                           -                      -          360,000.00                   46.11
1103640727         LODI                                                95242   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    304,500.00                    304,499.99   First Lien                                    -          413,250.00                  108,750.00                      -          435,000.00                   70.00
1103640762         ELLICOTT CITY                                       21043   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    195,200.00                    195,200.00   First Lien                                    -          211,499.00                   16,299.00                      -          244,000.00                   80.00
1103640775         SCOTTSDALE                                          85262   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    904,000.00                    904,000.00   First Lien                                    -        1,104,000.00                  200,000.00           1,130,000.00        1,130,000.00                   80.00
1103640778         LAWRENCEVILLE                                       30043   GA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    155,920.00                    155,920.00   First Lien                                    -          175,410.00                   19,490.00             194,900.00          196,000.00                   80.00
1103640793         CHANTILLY                                           20151   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          502,000.00                   80.00
1103640794         ANNANDALE                                           22003   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    580,000.00                    580,000.00   First Lien                                    -          580,000.00                           -                      -          725,000.00                   80.00
1103640798         HENDERSONVILLE                                      37075   TN                       20070101                20361201    ARMS                   No                                          360                    360                          357                    260,583.00                    260,583.00   First Lien                                    -          309,442.00                   48,859.00             325,729.00          326,000.00                   80.00
1103640806         FAIRFAX                                             22032   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    292,000.00                    291,103.03   First Lien                                    -          346,750.00                   54,750.00             365,000.00          390,000.00                   80.00
1103640816         CULPEPER                                            22701   VA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    415,686.94   First Lien                                    -          498,690.00                   81,690.00                      -          525,000.00                   79.43
1103640822         STERLING                                            20165   VA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    368,000.00                    368,000.00   First Lien                                    -          414,000.00                   46,000.00             460,000.00          474,000.00                   80.00
1103640823         NORTH MIAMI BEACH                                   33160   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          750,000.00                  150,000.00             750,000.00          818,000.00                   80.00
1103640825         BURKE                                               22015   VA                       20061201                20361201    FIXED                  Yes                                         360                    480                          356                    209,500.00                    209,096.23   First Lien                                    -          209,500.00                           -             372,500.00          385,000.00                   56.24
1103640827         MANTECA                                             95336   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    284,700.00                    284,700.00   First Lien                                    -          390,000.00                  105,300.00                      -          390,000.00                   73.00
1103640891         TUCSON                                              85730   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          144,000.00                           -                      -          180,000.00                   80.00
1103640932         SCOTTSDALE                                          85260   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103640939         COLORADO SPRINGS                                    80918   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    182,000.00                    182,000.00   First Lien                                    -          247,000.00                   65,000.00             260,000.00          264,000.00                   70.00
1103640942         SAN DIEGO                                           92101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    403,750.00                    403,442.78   First Lien                                    -          403,750.00                           -             425,000.00          425,000.00                   95.00
1103640954         QUEEN CREEK                                         85243   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    111,000.00                    111,000.00   First Lien                                    -          140,600.00                   29,600.00             148,000.00          170,000.00                   75.00
1103640963         SAN FRANCISCO                                       94110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,310,000.00                  310,000.00                      -        1,695,000.00                   59.00
1103640964         OXNARD                                              93030   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00                      -          530,000.00                   80.00
1103640981         EDWARDS                                             81632   CO                       20070201                20370101    FIXED                  No                                          360                    360                          358                    519,000.00                    517,964.08   First Lien                                    -          519,000.00                           -                      -        1,015,000.00                   51.13
1103640999         VAN NUYS                                            91401   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    552,000.00                    552,000.00   First Lien                                    -          552,000.00                           -                      -          752,000.00                   73.40
1103641001         RIALTO                                              92377   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    360,000.00                    359,347.36   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
1103641005         LEMON GROVE                                         91945   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    335,000.00                    335,000.00   First Lien                                    -          335,000.00                           -                      -          460,000.00                   72.83
1103641007         BURBANK                                             91501   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103641018         ANAHEIM                                             92808   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          950,000.00                  200,000.00             950,000.00          978,000.00                   78.95
1103641049         LAKEWOOD                                            90712   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    429,700.00                    429,320.89   First Lien                                    -          544,300.00                  114,600.00                      -          573,000.00                   74.99
1103641064         FORT LAUDERDALE                                     33323   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    399,695.63   First Lien                                    -          400,000.00                           -                      -          867,000.00                   46.14
1103641067         KISSIMMEE                                           34744   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    226,700.00                    226,700.00   First Lien                                    -          272,000.00                   45,300.00             302,273.00          308,100.00                   75.00
1103641070         CHULA VISTA                                         91911   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    434,000.00                    434,000.00   First Lien                                    -          589,000.00                  155,000.00                      -          620,000.00                   70.00
1103641118         CLEARLAKE                                           95422   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    147,700.00                    147,700.00   First Lien                                    -          147,700.00                           -                      -          211,000.00                   70.00
1103641134         PALM DESERT                                         92260   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    303,750.00                    303,750.00   First Lien                                    -          303,750.00                           -                      -          405,000.00                   75.00
1103641140         VICTORVILLE                                         92392   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    332,000.00                    331,779.73   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103641151         SAN DIEGO                                           92104   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    208,000.00                    208,000.00   First Lien                                    -          247,000.00                   39,000.00             260,000.00          270,000.00                   80.00
1103641152         ATLANTA                                             30317   GA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    236,720.00                    236,720.00   First Lien                                    -          295,900.00                   59,180.00             295,900.00          350,000.00                   80.00
1103641156         BALTIMORE                                           21231   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103641158         SAN DIEGO                                           92113   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    378,000.00                    378,000.00   First Lien                                    -          378,000.00                           -                      -          650,000.00                   58.15
1103641179         RANCHO SAN DIEGO                                    92019   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    233,592.00                    233,592.00   First Lien                                    -          291,990.00                   58,398.00             291,990.00          330,000.00                   80.00
1103641188         LOS ANGELES                                         90003   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103641189         ANNANDALE                                           22003   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    476,000.00                    476,000.00   First Lien                                    -          595,000.00                  119,000.00             595,000.00          602,000.00                   80.00
1103641195         LOS ANGELES                                         90044   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          620,000.00                   80.00
1103641207         ALISO VIEJO                                         92656   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00                      -          440,000.00                   80.00
1103641235         SAN DIEGO                                           92154   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          500,000.00                   60.00
1103641275         TURLOCK                                             95382   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
1103641309         LOPEZ ISLAND                                        98261   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,500,000.00                   66.67
1103641354         GARDEN GROVE                                        92840   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    365,600.00                    365,600.00   First Lien                                    -          457,000.00                   91,400.00             457,000.00          457,000.00                   80.00
1103641358         PHOENIX                                             85008   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    247,425.00                    247,425.00   First Lien                                    -          313,405.00                   65,980.00             329,900.00          330,000.00                   75.00
1103641370         SPRINGFIELD                                         22152   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          584,000.00                   56,000.00                      -          660,000.00                   80.00
1103641388         GRAND TERRACE                                       92313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          453,000.00                   44.70
1103641404         QUEENSTOWN                                          21658   MD                       20070201                20220101    FIXED                  No                                          180                    180                          178                    161,000.00                    159,958.93   First Lien                                    -          161,000.00                           -                      -          266,000.00                   60.53
1103641448         ESCONDIDO                                           92029   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          475,000.00                   69.47
1103641495         SAN PEDRO                                           90731   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          760,000.00                  110,000.00                      -          980,000.00                   66.33
1103641543         LAS VEGAS                                           89148   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    244,000.00                    244,000.00   First Lien                                    -          289,750.00                   45,750.00             305,000.00          305,000.00                   80.00
1103641550         ENCINITAS                                           92024   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,450.00                    408,450.00   First Lien                                    -          554,250.00                  145,800.00                      -          583,500.00                   70.00
1103641561         PHOENIX                                             85020   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
1103641562         PHOENIX                                             85050   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    175,295.00                    175,295.00   First Lien                                    -          175,295.00                           -             285,000.00          290,000.00                   61.51
1103641575         OAKDALE                                             95361   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    509,600.00                    508,630.44   First Lien                                    -          509,600.00                           -                      -          670,000.00                   76.06
1103641606         HARRISON                                            10528   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -           1,310,000.00        1,350,000.00                   68.70
1103641613         EAST ORANGE                                          7018   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    150,000.00                    149,619.79   First Lien                                    -          150,000.00                           -                      -          305,000.00                   49.18
1103641616         MANVILLE                                             8835   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    275,200.00                    274,567.91   First Lien                                    -          309,600.00                   34,400.00                      -          344,000.00                   80.00
1103641621         LAKEWOOD                                             8701   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    268,000.00                    267,414.37   First Lien                                    -          268,000.00                           -             335,000.00          335,000.00                   80.00
1103641641         PICO RIVERA                                         90660   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    379,000.00                    379,000.00   First Lien                                    -          379,000.00                           -                      -          555,000.00                   68.29
1103641652         GARDEN GROVE                                        92843   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          419,000.00                   78.28
1103641701         KISSIMMEE                                           34741   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,367.68   First Lien                                    -          199,500.00                   42,000.00             210,000.00          230,000.00                   75.00
1103641708         LA MIRADA                                           90638   CA                       20070201                20370201    FIXED                  Yes                                         360                    480                          358                    472,500.00                    472,055.58   First Lien                                    -          472,500.00                           -             612,500.00          615,000.00                   77.14
1103641717         LAKE FOREST                                         92630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    292,500.00                    292,484.38   First Lien                                    -          340,000.00                   47,500.00                      -          390,000.00                   75.00
1103641734         LA HABRA                                            90631   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    233,500.00                    233,044.94   First Lien                                    -          233,500.00                           -                      -          450,000.00                   51.89
1103641736         SACRAMENTO                                          95822   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          560,000.00                   75.00
1103641738         SIGNAL HILL                                         90755   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103641801         ANAHEIM                                             92808   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -             359,000.00          359,000.00                   48.75
1103641804         MOORPARK                                            93021   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    276,000.00                    276,000.00   First Lien                                    -          276,000.00                           -                      -          730,000.00                   37.81
1103641822         BROOKLYN                                            11238   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    599,688.95   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103641827         SAN DIEGO                                           92114   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
1103641833         CHATHAM                                              7928   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,500.00                    535,500.00   First Lien                                    -          688,500.00                  153,000.00             765,000.00          785,000.00                   70.00
1103641841         LAS VEGAS                                           89123   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          287,000.00                   80.00
1103641850         ORLANDO                                             32822   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     83,230.00                     83,230.00   First Lien                                    -          112,955.00                   29,725.00             118,900.00          123,000.00                   70.00
1103641884         PALMDALE                                            93550   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    299,456.13   First Lien                                    -          300,000.00                           -                      -          425,000.00                   70.59
1103641890         SUNNY ISLES BEACH                                   33160   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    316,800.00                    316,316.40   First Lien                                    -          356,400.00                   39,600.00             396,616.00          690,000.00                   79.88
1103641899         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          580,000.00                   75.00
1103641910         NORFOLK                                             23508   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    126,000.00                    126,000.00   First Lien                                    -          126,000.00                           -                      -          168,000.00                   75.00
1103641938         MOUNT VERNON                                        98274   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          449,000.00                   80.00
1103641953         SIMI VALLEY                                         93063   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    745,500.00                    745,500.00   First Lien                                    -        1,065,000.00                  319,500.00                      -        1,065,000.00                   70.00
1103641972         ASHBURN                                             20147   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,015,000.00                   64.04
1103641977         CITRUS HEIGHTS                                      95621   CA                       20070201                20370301    FIXED                  Yes                                         360                    480                          358                    318,750.00                    318,450.20   First Lien                                    -          318,750.00                           -                      -          425,000.00                   75.00
1103641984         PICO RIVERA                                         90660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,747.96   First Lien                                    -          300,000.00                           -                      -          525,000.00                   57.14
1103641988         LA HABRA                                            90631   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    404,000.00                    404,000.00   First Lien                                    -          505,000.00                  101,000.00                      -          505,000.00                   80.00
1103642007         LAGUNITAS                                           94938   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    764,000.00                    764,000.00   First Lien                                    -          955,000.00                  191,000.00             955,000.00          955,000.00                   80.00
1103642008         SAUSALITO                                           94965   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    840,000.00                    840,000.00   First Lien                                    -          840,000.00                           -                      -        1,050,000.00                   80.00
1103642058         RANCHO CUCAMONGA                                    91737   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    381,000.00                    381,000.00   First Lien                                    -          381,000.00                           -                      -          545,000.00                   69.91
1103642059         YUMA                                                85367   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          295,000.00                   86.44
1103642074         REDDING                                             96002   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
1103642077         PANAMA CITY                                         32404   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    128,000.00                    127,784.52   First Lien                                    -          128,000.00                           -                      -          182,000.00                   70.33
1103642084         CHINO HILLS                                         91709   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    511,000.00                    511,000.00   First Lien                                    -          693,500.00                  182,500.00                      -          730,000.00                   70.00
1103642102         EDWARDS                                             81632   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,300.00                    468,300.00   First Lien                                    -          669,000.00                  200,700.00             669,000.00          670,000.00                   70.00
1103642165         TAMPA                                               33626   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          442,000.00                   79.19
1103642166         EL CAJON                                            92021   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    376,000.00                    376,000.00   First Lien                                    -          376,000.00                           -                      -          470,000.00                   80.00
1103642173         MANHATTAN BEACH                                     90266   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -           1,080,000.00        1,100,000.00                   69.44
1103642178         RESEDA                                              91335   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          775,000.00                   64.00
1103642180         PORT CHARLOTTE                                      33981   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    108,500.00                    108,500.00   First Lien                                    -          147,250.00                   38,750.00                      -          155,000.00                   70.00
1103642211         MISSION HILLS                                       91345   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,000.00                    219,550.31   First Lien                                    -          220,000.00                           -                      -          590,000.00                   37.29
1103642221         MORENO VALLEY                                       92551   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    262,500.00                    262,500.00   First Lien                                    -          332,500.00                   70,000.00                      -          350,000.00                   75.00
1103642279         ORLAND                                              95963   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    197,600.00                    197,600.00   First Lien                                    -          222,300.00                   24,700.00             247,000.00          247,000.00                   80.00
1103642282         SAN FRANCISCO                                       94134   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          725,000.00                   41.38
1103642288         FOLSOM                                              95630   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    437,500.00                    437,500.00   First Lien                                    -          501,400.00                   63,900.00                      -          625,000.00                   70.00
1103642290         MONTVALE                                             7645   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    600,000.00                    600,000.00   First Lien                                    -          692,750.00                   92,750.00             815,000.00          815,000.00                   73.62
1103642291         NORWALK                                              6854   CT                       20061201                20361101    FIXED                  No                                          360                    360                          356                    570,000.00                    570,000.00   First Lien                                    -          760,000.00                  190,000.00                      -          950,000.00                   60.00
1103642292         SPRINGFIELD                                          7081   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          515,000.00                   77.67
1103642293         HAMPTON BAYS                                        11946   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          455,000.00                   54.95
1103642294         EAST ORANGE                                          7017   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    224,000.00                    223,392.77   First Lien                                    -          224,000.00                           -                      -          280,000.00                   80.00
1103642297         EAST MEADOW                                         11554   NY                       20061101                20361001    FIXED                  No                                          360                    360                          355                    416,250.00                    416,250.00   First Lien                                    -          416,250.00                           -                      -          555,000.00                   75.00
1103642298         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          635,000.00                   23.62
1103642299         MOUNT KISCO                                         10549   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    999,000.00                    999,000.00   First Lien                                    -          999,000.00                           -                      -        1,350,000.00                   74.00
1103642300         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103642301         NORTH BERGEN                                         7047   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    304,000.00                    304,000.00   First Lien                                    -          342,000.00                   38,000.00                      -          380,000.00                   80.00
1103642302         MORRISTOWN                                           7960   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    617,500.00                    617,500.00   First Lien                                    -          617,500.00                           -                      -          950,000.00                   65.00
1103642303         FREEPORT                                            11520   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    360,750.00                    360,750.00   First Lien                                    -          360,750.00                           -                      -          555,000.00                   65.00
1103642304         KINGS PARK                                          11754   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    417,000.00   First Lien                                    -          508,500.00                   91,500.00                      -          565,000.00                   73.81
1103642305         STAMFORD                                             6903   CT                       20070101                20361201    FIXED                  No                                          360                    360                          357                    925,000.00                    925,000.00   First Lien                                    -          925,000.00                           -                      -        1,475,000.00                   62.71
1103642306         RINGOES                                              8551   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          660,000.00                   75.00
1103642307         SOMERSET                                             8873   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00                      -          380,000.00                   80.00
1103642308         HEWITT                                               7421   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          325,000.00                   80.00
1103642310         BUFFALO                                             14207   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                     94,400.00                     94,144.11   First Lien                                    -           94,400.00                           -             118,000.00          118,000.00                   80.00
1103642311         SPEONK                                              11972   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    398,610.77   First Lien                                    -          400,000.00                           -                      -          560,000.00                   71.43
1103642313         NORTH BABYLON                                       11703   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    345,000.00                    343,858.90   First Lien                                    -          345,000.00                           -                      -          460,000.00                   75.00
1103642314         LEVITTOWN                                           11756   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    328,000.00                    326,888.24   First Lien                                    -          389,500.00                   61,500.00                      -          410,000.00                   80.00
1103642315         SOUTHAMPTON                                         11968   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    650,000.00                    647,796.83   First Lien                                    -          650,000.00                           -                      -        1,550,000.00                   41.94
1103642317         STATEN ISLAND                                       10312   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    305,500.00                    304,386.28   First Lien                                    -          305,500.00                           -                      -          475,000.00                   64.32
1103642318         SAINT JAMES                                         11780   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    412,500.00                    411,135.64   First Lien                                    -          495,000.00                   82,500.00                      -          550,000.00                   75.00
1103642319         NEW YORK                                            10023   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    510,000.00                    508,354.07   First Lien                                    -          612,000.00                  102,000.00                      -          680,000.00                   75.00
1103642321         HUNTIGTON STATION                                   11746   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    260,000.00                    259,356.89   First Lien                                    -          260,000.00                           -                      -          435,000.00                   59.77
1103642323         RONKONKOMA                                          11779   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    250,000.00                    249,381.63   First Lien                                    -          250,000.00                           -                      -          360,000.00                   69.44
1103642325         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    300,000.00                    299,220.77   First Lien                                    -          350,000.00                   50,000.00                      -          555,000.00                   54.05
1103642326         BROOKLYN                                            11236   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    380,000.00                    378,916.34   First Lien                                    -          380,000.00                           -                      -          700,000.00                   54.29
1103642328         BROOKLYN                                            11201   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    800,000.00                    798,671.67   First Lien                                    -          800,000.00                           -                      -        1,850,000.00                   43.24
1103642330         STATEN ISLAND                                       10310   NY                       20061201                20211101    FIXED                  No                                          180                    180                          176                    125,000.00                    123,391.54   First Lien                                    -          125,000.00                           -             369,000.00          370,000.00                   33.88
1103642332         STATEN ISLAND                                       10309   NY                       20061201                20211101    FIXED                  No                                          180                    180                          176                    472,000.00                    466,055.24   First Lien                                    -          472,000.00                           -                      -          825,000.00                   57.21
1103642334         YONKERS                                             10710   NY                       20070101                20211201    FIXED                  No                                          180                    180                          177                    138,000.00                    136,643.27   First Lien                                    -          138,000.00                           -             690,000.00          690,000.00                   20.00
1103642335         LA QUINTA                                           92253   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    412,000.00                    412,000.00   First Lien                                    -          412,000.00                           -             515,000.00          515,000.00                   80.00
1103642341         PALM BAY                                            32907   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          225,000.00                   76.44
1103642342         MORENO VALLEY                                       92553   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00             275,000.00          340,000.00                   80.00
1103642344         TOOELE                                              84074   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    134,000.00                    134,000.00   First Lien                                    -          134,000.00                           -             167,500.00          167,500.00                   80.00
1103642346         LINDSAY                                             93247   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    100,650.00                    100,469.29   First Lien                                    -          100,650.00                           -                      -          183,000.00                   55.00
1103642354         VIENNA                                              22180   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    401,250.00                    401,250.00   First Lien                                    -          508,250.00                  107,000.00             535,000.00          545,000.00                   75.00
1103642371         PHOENIX                                             85086   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
1103642381         CAPE CORAL                                          33909   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    170,300.00                    169,812.70   First Lien                                    -          170,300.00                           -                      -          262,000.00                   65.00
1103642406         CARLSBAD                                            92009   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    777,000.00                    777,000.00   First Lien                                    -          777,000.00                           -                      -        1,200,000.00                   64.75
1103642411         EL DORADO                                           95623   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    473,000.00                    473,000.00   First Lien                                    -          473,000.00                           -                      -          770,000.00                   61.43
1103642422         MISSION VIEJO                                       92691   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    272,000.00                    272,000.00   First Lien                                    -          272,000.00                           -                      -          390,000.00                   69.74
1103642434         CHANDLER                                            85225   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    123,112.00                    123,112.00   First Lien                                    -          147,734.00                   24,622.00             164,150.00          166,000.00                   75.00
1103642439         DAVIS                                               95618   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    375,000.00                    375,000.00   First Lien                                    -          424,000.00                   49,000.00                      -          500,000.00                   75.00
1103642448         FORT LAUDERDALE                                     33351   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    280,000.00                    279,504.56   First Lien                                    -          280,000.00                           -                      -          387,000.00                   72.35
1103642465         ROSEVILLE                                           95678   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    378,000.00                    377,245.52   First Lien                                    -          472,000.00                   94,000.00                      -          540,000.00                   70.00
1103642474         ROWLAND HEIGHTS AREA                                91748   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          445,000.00                   47.19
1103642484         SALINAS                                             93905   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    440,000.00                    439,142.50   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
1103642485         LANSING                                             48910   MI                       20070101                20361201    ARMS                   No                                          360                    360                          357                     68,000.00                     67,847.64   First Lien                                    -           80,750.00                   12,750.00              85,000.00           85,000.00                   80.00
1103642487         DELRAY BEACH                                        33444   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
1103642489         LATHROP                                             95330   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    335,543.00                    335,543.00   First Lien                                    -          419,428.00                   83,885.00             419,429.00          435,000.00                   80.00
1103642490         SANTA CLARITA AREA                                  91350   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    387,081.00                    387,081.00   First Lien                                    -          483,852.00                   96,771.00             483,852.00          625,000.00                   80.00
1103642491         SANTA CLARITA AREA                                  91354   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    399,303.00                    399,303.00   First Lien                                    -          499,128.00                   99,825.00             499,129.00          625,000.00                   80.00
1103642492         SANTA ANA                                           92704   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    470,000.00                    470,000.00   First Lien                                    -          470,000.00                           -                      -          685,000.00                   68.61
1103642493         PERRIS                                              92570   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    269,500.00                    269,500.00   First Lien                                    -          269,500.00                           -                      -          385,000.00                   70.00
1103642494         LYNDEN                                              98264   WA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    221,000.00                    221,000.00   First Lien                                    -          274,000.00                   53,000.00                      -          277,000.00                   79.78
1103642496         RANDALLSTOWN                                        21133   MD                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    125,500.00                    125,393.53   First Lien                                    -          125,500.00                           -             244,500.00          246,000.00                   51.33
1103642497         BOYNTON BEACH                                       33436   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    240,000.00                    239,376.59   First Lien                                    -          270,000.00                   30,000.00             300,000.00          300,000.00                   80.00
1103642498         CORONA                                              92878   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    312,800.00                    312,133.40   First Lien                                    -          312,800.00                           -                      -          391,000.00                   80.00
1103642500         MIAMI                                               33185   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00             385,000.00          400,000.00                   80.00
1103642501         MESA                                                85207   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          360,000.00                   80.00
1103642502         PERRIS                                              92571   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    269,600.00                    269,060.50   First Lien                                    -          320,150.00                   50,550.00                      -          337,000.00                   80.00
1103642503         LA MESA                                             91942   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
1103642504         SPRING VALLEY                                       91977   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    270,000.00                    268,000.00   First Lien                                    -          270,000.00                           -                      -          500,000.00                   54.00
1103642505         LAS VEGAS                                           89117   NV                       20070101                20361201    ARMS                   No                                          360                    360                          357                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00                      -          275,000.00                   80.00
1103642506         BAKERSFIELD                                         93313   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,500.00                    350,500.00   First Lien                                    -          438,100.00                   87,600.00             438,165.00          440,000.00                   79.99
1103642507         HUNTINGTON BEACH                                    92646   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    727,120.00                    727,120.00   First Lien                                    -          908,900.00                  181,780.00             908,900.00          925,000.00                   80.00
1103642509         MORENO VALLEY                                       92557   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          370,000.00                   72.97
1103642537         PETALUMA                                            94954   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          980,000.00                   61.22
1103642541         APTOS                                               95003   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    960,000.00                    960,000.00   First Lien                                    -        1,080,000.00                  120,000.00                      -        1,200,000.00                   80.00
1103642543         CAMBRIDGE                                            2139   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          415,000.00                   73.49
1103642555         FREDERICKSBURG                                      22407   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    232,000.00                    231,411.94   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103642566         PITTSBURG                                           94565   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    362,400.00                    362,400.00   First Lien                                    -          430,350.00                   67,950.00                      -          453,000.00                   80.00
1103642574         VISALIA                                             93291   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    190,000.00                    188,676.13   First Lien                                    -          190,000.00                           -                      -          494,000.00                   38.46
1103642585         LOS ANGELES                                         90018   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    527,150.00                    527,150.00   First Lien                                    -          527,150.00                           -                      -          715,000.00                   73.73
1103642676         POWELL                                              43065   OH                       20061101                20361001    ARMS                   No                                          360                    360                          355                    504,000.00                    501,279.95   First Lien                                    -          567,000.00                   63,000.00             630,000.00          630,000.00                   80.00
1103642684         NEWPORT COAST                                       92657   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                  1,165,000.00                  1,160,131.87   First Lien                                    -        1,165,000.00                           -                      -        3,125,000.00                   37.28
1103642758         LIVERMORE                                           94551   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    321,000.00                    320,605.30   First Lien                                    -          321,000.00                           -                      -          570,000.00                   56.32
1103642774         TRACY                                               95391   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          590,000.00                   77.97
1103642788         CHULA VISTA                                         91915   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    580,000.00                    578,814.43   First Lien                                    -          580,000.00                           -                      -          893,000.00                   64.95
1103642805         UPLAND                                              91786   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    360,800.00                    360,800.00   First Lien                                    -          360,800.00                           -                      -          451,000.00                   80.00
1103642842         MARGATE CITY                                         8402   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          225,000.00                   46.67
1103642860         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,992.00                    179,992.00   First Lien                                    -          224,990.00                   44,998.00             224,990.00          235,000.00                   80.00
1103642876         WEST HARTFORD                                        6107   CT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    232,000.00                    231,790.27   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103642904         LOS ANGELES                                         90011   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    180,000.00                    179,689.17   First Lien                                    -          180,000.00                           -                      -          480,000.00                   37.50
1103642908         LAKE FOREST                                         92630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
1103642909         HIALEAH                                             33012   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    164,000.00                    164,000.00   First Lien                                    -          164,000.00                           -             205,000.00          205,000.00                   80.00
1103642923         JERSEY CITY                                          7305   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          580,000.00                   79.31
1103642924         PASSAIC                                              7055   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    368,000.00                    366,996.55   First Lien                                    -          405,996.00                   37,996.00                      -          460,000.00                   80.00
1103642927         SAN JOSE                                            95128   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    485,000.00                    485,000.00   First Lien                                    -          485,000.00                           -                      -          635,000.00                   76.38
1103642928         PATERSON                                             7501   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          400,000.00                   80.00
1103642929         SAN JOSE                                            95122   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    580,000.00                    580,000.00   First Lien                                    -          725,000.00                  145,000.00             725,000.00          726,000.00                   80.00
1103642932         PATERSON                                             7504   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
1103642933         MILPITAS                                            95035   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          750,000.00                   41.33
1103642945         MONTGOMERY                                          36117   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,250,000.00                  1,248,631.81   First Lien                                    -        1,250,000.00                           -                      -        1,700,000.00                   73.53
1103642973         NORTH BERGEN                                         7047   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    371,200.00                    371,200.00   First Lien                                    -          464,000.00                   92,800.00             464,000.00          465,000.00                   80.00
1103642975         PITTSGROVE                                           8318   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    216,000.00                    215,594.40   First Lien                                    -          216,000.00                           -                      -          270,000.00                   80.00
1103642978         CYPRESS                                             77429   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    982,800.00                    982,800.00   First Lien                                    -        1,332,677.00                  349,877.00           1,404,000.00        1,450,000.00                   70.00
1103642991         BALDWIN PARK                                        91706   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,800.00                    284,800.00   First Lien                                    -          356,000.00                   71,200.00             356,000.00          356,000.00                   80.00
1103642996         WEST COVINA                                         91792   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    439,900.00                    439,900.00   First Lien                                    -          549,850.00                  109,950.00             549,900.00          560,000.00                   80.00
1103643020         LOS ANGELES                                         91402   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    193,000.00                    193,000.00   First Lien                                    -          282,000.00                   89,000.00                      -          305,000.00                   63.28
1103643033         CHINO                                               91708   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    411,700.00                    411,055.72   First Lien                                    -          549,000.00                  137,300.00             549,000.00          552,000.00                   74.99
1103643034         CONCORD                                             94520   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,500.00                    241,500.00   First Lien                                    -          327,750.00                   86,250.00                      -          345,000.00                   70.00
1103643049         YORBA LINDA                                         92887   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    407,920.00                    407,920.00   First Lien                                    -          509,900.00                  101,980.00             509,900.00          510,000.00                   80.00
1103643075         KIHEI                                               96753   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -             925,000.00          985,000.00                   21.62
1103643080         MYRTLE BEACH                                        29579   SC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    161,500.00                    161,500.00   First Lien                                    -          161,500.00                           -                      -          193,000.00                   83.68
1103643083         ST PAUL                                             55449   MN                       20070201                20370101    ARMS                   No                                          360                    360                          358                    104,545.00                    104,545.00   First Lien                                    -          141,882.00                   37,337.00             149,350.00          170,000.00                   70.00
1103643096         BAKERSFIELD                                         93313   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    306,600.00                    305,927.28   First Lien                                    -          391,600.00                   85,000.00                      -          450,000.00                   68.13
1103643112         ANTELOPE                                            95843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             400,000.00          400,000.00                   80.00
1103643121         WHITTIER                                            90601   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    324,000.00                    324,000.00   First Lien                                    -          324,000.00                           -                      -          405,000.00                   80.00
1103643134         WASHINGTON                                           7882   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          870,000.00                   71.84
1103643149         CHULA VISTA                                         91915   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    572,400.00                    571,284.50   First Lien                                    -          572,400.00                           -                      -          954,000.00                   60.00
1103643155         MANHATTAN BEACH                                     90266   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    565,500.00                    564,424.07   First Lien                                    -          565,500.00                           -                      -        1,550,000.00                   36.48
1103643193         HAWTHORNE                                           90250   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    232,000.00                    231,763.46   First Lien                                    -          232,000.00                           -                      -          485,000.00                   47.84
1103643196         RIVER VALE                                           7675   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    235,000.00                    235,000.00   First Lien                                    -          235,000.00                           -                      -          445,000.00                   52.81
1103643214         CONCORD                                             94521   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    548,000.00                    548,000.00   First Lien                                    -          616,500.00                   68,500.00                      -          685,000.00                   80.00
1103643218         RIVERSIDE                                           92504   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    328,250.00                    328,250.00   First Lien                                    -          328,250.00                           -                      -          415,000.00                   79.10
1103643222         MORENO VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          361,000.00                   69.25
1103643224         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    542,500.00                    542,500.00   First Lien                                    -          736,200.00                  193,700.00             775,000.00          800,000.00                   70.00
1103643227         EL CENTRO                                           92243   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    171,705.63   First Lien                                    -          172,000.00                           -                      -          262,000.00                   65.65
1103643235         UNION CITY                                           7087   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    262,500.00                    262,500.00   First Lien                                    -          356,250.00                   93,750.00             375,000.00          390,000.00                   70.00
1103643276         DAVENPORT                                           33837   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103643278         LAS VEGAS                                           89128   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          500,000.00                   60.00
1103643292         LOMITA                                              90717   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    371,250.00                    371,250.00   First Lien                                    -          470,250.00                   99,000.00             495,000.00          495,000.00                   75.00
1103643293         AUBURN                                              98001   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    198,750.00                    198,750.00   First Lien                                    -          251,750.00                   53,000.00             265,000.00          265,000.00                   75.00
1103643310         PORTSMOUTH                                          23701   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    184,000.00                    183,747.19   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
1103643317         MOSS BEACH                                          94038   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    477,000.00                    477,000.00   First Lien                                    -          477,000.00                           -                      -          810,000.00                   58.89
1103643336         NORWALK                                             90650   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          580,000.00                   50.86
1103643392         MIAMI BEACH                                         33140   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          324,000.00                   36,000.00             360,000.00          360,000.00                   80.00
1103643402         SULLIVANS ISLAND                                    29482   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    527,000.00                    526,423.17   First Lien                                    -          527,000.00                           -                      -        2,500,000.00                   21.08
1103643403         FONTANA                                             92335   CA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    181,500.00                    180,757.81   First Lien                                    -          181,500.00                           -                      -          380,000.00                   47.76
1103643413         LAKE ELSINORE                                       92530   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     95,000.00                     94,839.92   First Lien                                    -           95,000.00                           -                      -          285,000.00                   33.33
1103643424         BRADENTON                                           34207   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103643432         MIAMI BEACH                                         33139   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -             647,000.00          630,000.00                   70.00
1103643438         FOUNTAIN VALLEY                                     92708   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    335,000.00                    335,000.00   First Lien                                    -          335,000.00                           -                      -          675,000.00                   49.63
1103643450         LA MIRADA                                           90638   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    435,225.00                    435,225.00   First Lien                                    -          435,225.00                           -                      -          580,300.00                   75.00
1103643460         SAN DIEGO                                           92119   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    171,000.00                    171,000.00   First Lien                                    -          171,000.00                           -                      -          250,000.00                   68.40
1103643461         SANTA CRUZ                                          95065   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          950,000.00                   64.74
1103643489         VACAVILLE                                           95687   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          595,000.00                   58.82
1103643492         CITRUS HEIGHTS                                      95610   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          399,000.00                   63,000.00                      -          420,000.00                   80.00
1103643496         CAPE CORAL                                          33914   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    174,400.00                    174,263.95   First Lien                                    -          174,400.00                           -                      -          218,000.00                   80.00
1103643507         LONE TREE                                           80124   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    443,000.00                    443,000.00   First Lien                                    -          563,000.00                  120,000.00                      -          685,000.00                   64.67
1103643526         LYNWOOD                                             90262   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    414,500.00                    414,500.00   First Lien                                    -          414,500.00                           -                      -          525,000.00                   78.95
1103643542         MIAMI                                               33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          294,500.00                   62,000.00             310,000.00          315,000.00                   75.00
1103643545         CHULA VISTA                                         91911   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    619,300.00                    619,300.00   First Lien                                    -          619,300.00                           -                      -          775,000.00                   79.91
1103643547         MARATHON                                            33050   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,050,000.00                  1,050,000.00   First Lien                                    -        1,190,000.00                  140,000.00           1,400,000.00        1,400,000.00                   75.00
1103643552         PHOENIX                                             85003   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          965,000.00                   64.77
1103643562         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          228,000.00                   60,000.00             240,000.00          244,000.00                   70.00
1103643565         PALO ALTO                                           94303   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          800,000.00                   50,000.00           1,000,000.00        1,000,000.00                   75.00
1103643613         HUNTINGTON BEACH                                    92647   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          800,000.00                   24.50
1103643615         BENICIA                                             94510   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    455,000.00                    455,000.00   First Lien                                    -          455,000.00                           -                      -          650,000.00                   70.00
1103643625         AURORA                                              80013   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    264,000.00                    263,755.48   First Lien                                    -          264,000.00                           -                      -          427,000.00                   61.83
1103643663         ORANGE                                              92861   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    647,500.00                    647,500.00   First Lien                                    -          740,000.00                   92,500.00                      -          925,000.00                   70.00
1103643677         BENICIA                                             94510   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          425,000.00                   61.18
1103643679         CLINTON                                             20735   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    216,750.00                    216,750.00   First Lien                                    -          216,750.00                           -             255,000.00          356,000.00                   85.00
1103643682         BURKE                                               22015   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
1103643723         SAN JOSE                                            95127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    577,000.00                    577,000.00   First Lien                                    -          577,000.00                           -                      -          770,000.00                   74.94
1103643728         PHOENIX                                             85042   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          253,500.00                   78.90
1103643754         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    210,650.00                    210,650.00   First Lien                                    -          236,950.00                   26,300.00             263,320.00          264,000.00                   80.00
1103643760         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    364,000.00                    363,708.91   First Lien                                    -          364,000.00                           -                      -          535,000.00                   68.04
1103643771         TUCSON                                              85718   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    234,000.00                    234,000.00   First Lien                                    -          280,800.00                   46,800.00             312,000.00          430,000.00                   75.00
1103643781         LOS ANGELES                                         90011   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    165,000.00                    165,000.00   First Lien                                    -          165,000.00                           -                      -          425,000.00                   38.82
1103643783         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          468,000.00                   78,000.00                      -          520,000.00                   75.00
1103643798         HOMESTEAD                                           33034   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    126,000.00                    126,000.00   First Lien                                    -          126,000.00                           -                      -          220,000.00                   57.27
1103643799         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    572,000.00                    572,000.00   First Lien                                    -          572,000.00                           -             715,000.00          715,000.00                   80.00
1103643806         ORANGE                                              92866   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    516,000.00                    516,000.00   First Lien                                    -          516,000.00                           -             645,000.00          655,000.00                   80.00
1103643835         BRAHAM                                              55006   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,405.00                    161,316.84   First Lien                                    -          161,405.00                           -             169,900.00          173,000.00                   95.00
1103643881         LUTHERVILLE TIMONIUM                                21093   MD                       20070201                20370101    FIXED                  No                                          360                    360                          358                    213,500.00                    213,182.12   First Lien                                    -          213,500.00                           -                      -          305,000.00                   70.00
1103643885         SACRAMENTO                                          95834   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    344,000.00                    344,000.00   First Lien                                    -          387,000.00                   43,000.00             430,000.00          430,000.00                   80.00
1103643903         ORANGE                                              92866   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -                      -          800,000.00                   80.00
1103643940         NEWARK                                              94560   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          670,000.00                   65.67
1103643941         RIVERSIDE                                           92505   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    165,000.00                    164,678.44   First Lien                                    -          250,000.00                   85,000.00                      -          380,000.00                   43.42
1103643963         DENVER                                              80204   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    170,700.00                    170,418.78   First Lien                                    -          170,700.00                           -             213,400.00          215,000.00                   79.99
1103643970         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          570,000.00                   78.95
1103644020         CARSON                                              90745   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    442,000.00                    442,000.00   First Lien                                    -          442,000.00                           -                      -          520,000.00                   85.00
1103644034         PITTSBURG                                           94565   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    279,528.19   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
1103644091         OXNARD                                              93035   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,075,700.00                  1,074,703.68   First Lien                                    -        1,075,700.00                           -                      -        1,450,000.00                   74.19
1103644110         SAN CLEMENTE                                        92672   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,150,000.00                   56.52
1103644130         SAN BERNARDINO                                      92411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
1103644134         LOS ANGELES                                         90016   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    472,000.00                    471,035.19   First Lien                                    -          472,000.00                           -             590,000.00          590,000.00                   80.00
1103644139         MIAMI                                               33139   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    255,500.00                    255,500.00   First Lien                                    -          255,500.00                           -             365,000.00          520,000.00                   70.00
1103644166         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    413,000.00                    413,000.00   First Lien                                    -          530,900.00                  117,900.00             590,000.00          715,000.00                   70.00
1103644185         PALM COAST                                          32137   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    499,477.97   First Lien                                    -          500,000.00                           -                      -        1,250,000.00                   40.00
1103644253         RICHMOND                                            94806   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    282,750.00                    282,750.00   First Lien                                    -          282,750.00                           -                      -          435,000.00                   65.00
1103644279         NORTH HOLLYWOOD                                     91605   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          575,000.00                   60.87
1103644290         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    199,600.00                    199,600.00   First Lien                                    -          249,500.00                   49,900.00             249,555.00          250,000.00                   79.98
1103644298         BETHESDA                                            20817   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    468,000.00                    467,487.75   First Lien                                    -          505,000.00                   37,000.00             585,000.00          590,000.00                   80.00
1103644306         CHULA VISTA                                         91913   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,500.00                    220,128.44   First Lien                                    -          299,250.00                   78,750.00             315,000.00          315,000.00                   70.00
1103644337         SANTEE                                              92071   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
1103644345         ELLICOTT CITY                                       21042   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    408,000.00                    408,000.00   First Lien                                    -          408,000.00                           -                      -          720,000.00                   56.67
1103644346         HAMPTON                                             23663   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          152,000.00                           -                      -          210,000.00                   72.38
1103644353         BAKERSFIELD                                         93308   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    116,000.00                    116,000.00   First Lien                                    -          116,000.00                           -                      -          190,000.00                   61.05
1103644357         EARLIMART                                           93219   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                     83,550.00                     83,550.00   First Lien                                    -          103,550.00                   20,000.00             109,000.00          122,000.00                   76.65
1103644370         SANGER                                              93657   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,750.00                    183,750.00   First Lien                                    -          217,000.00                   33,250.00                      -          245,000.00                   75.00
1103644383         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    583,200.00                    583,200.00   First Lien                                    -          729,000.00                  145,800.00             729,000.00          750,000.00                   80.00
1103644387         PLACENTIA                                           92870   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    545,000.00                    545,000.00   First Lien                                    -          545,000.00                           -                      -        1,000,000.00                   54.50
1103644397         BAKERSFIELD                                         93304   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    129,500.00                    129,500.00   First Lien                                    -          175,750.00                   46,250.00             185,000.00          193,000.00                   70.00
1103644410         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    406,000.00                    406,000.00   First Lien                                    -          406,000.00                           -                      -          580,000.00                   70.00
1103644423         IRVINE                                              92620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          675,000.00                   43.70
1103644424         VICTORVILLE                                         92392   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    332,800.00                    332,800.00   First Lien                                    -          399,800.00                   67,000.00                      -          416,000.00                   80.00
1103644425         LOS ANGELES                                         90019   CA                       20070201                20370101    FIXED                  Yes                                         360                    480                          358                    672,000.00                    671,367.94   First Lien                                    -          672,000.00                           -                      -          900,000.00                   74.67
1103644449         LADERA RANCH AREA                                   92694   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          640,000.00                   70.00
1103644466         ROSEVILLE                                           95747   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    355,150.00                    355,150.00   First Lien                                    -          426,200.00                   71,050.00             473,595.00          474,000.00                   74.99
1103644475         BAKERSFIELD                                         93314   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          280,500.00                   42.78
1103644490         DENVER                                              80204   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    160,600.00                    160,335.43   First Lien                                    -          160,600.00                           -             200,750.00          205,000.00                   80.00
1103644496         SANTA CLARITA                                       91350   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
1103644497         DIXON                                               95620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,000.00                    408,000.00   First Lien                                    -          459,000.00                   51,000.00             510,000.00          510,000.00                   80.00
1103644555         PACOIMA                                             91331   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    431,250.00                    431,250.00   First Lien                                    -          431,250.00                           -                      -          575,000.00                   75.00
1103644566         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
1103644568         LAGUNA BEACH                                        92651   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    349,424.54   First Lien                                    -          350,000.00                           -                      -        1,000,000.00                   35.00
1103644578         NORTHRIDGE                                          91326   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,500.00                    492,500.00   First Lien                                    -          492,500.00                           -                      -          670,000.00                   73.51
1103644603         STOCKTON                                            95209   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    287,000.00                    287,000.00   First Lien                                    -          369,000.00                   82,000.00             410,000.00          410,000.00                   70.00
1103644627         ELK GROVE                                           95624   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    277,500.00                    277,266.86   First Lien                                    -          351,500.00                   74,000.00             375,000.00          375,000.00                   74.00
1103644633         LOS ANGELES                                         90003   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    519,200.00                    519,200.00   First Lien                                    -          649,000.00                  129,800.00             649,000.00          649,000.00                   80.00
1103644639         WEBSTER                                             33597   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     80,500.00                     80,500.00   First Lien                                    -           80,500.00                           -                      -          115,000.00                   70.00
1103644646         LA PUENTE                                           91744   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,000.00                    154,000.00   First Lien                                    -          154,000.00                           -                      -          450,000.00                   34.22
1103644648         LAKEWOOD                                            90712   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    444,000.00                    444,000.00   First Lien                                    -          555,000.00                  111,000.00             555,000.00          555,000.00                   80.00
1103644682         HONOLULU                                            96822   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,217,250.00                  1,217,250.00   First Lien                                    -        1,379,550.00                  162,300.00                      -        1,623,000.00                   75.00
1103644696         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
1103644698         RANCHO MIRAGE                                       92270   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,600.00                    544,600.00   First Lien                                    -          544,600.00                           -             778,000.00          778,000.00                   70.00
1103644699         SILVER SPRING                                       20904   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
1103644714         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,200.00                    130,200.00   First Lien                                    -          167,400.00                   37,200.00             186,000.00          186,000.00                   70.00
1103644726         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,500.00                    206,500.00   First Lien                                    -          206,500.00                           -                      -          295,000.00                   70.00
1103644728         LAS VEGAS                                           89117   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,410,000.00                   70.92
1103644731         MONROVIA                                            91016   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    381,550.00                    381,550.00   First Lien                                    -          381,550.00                           -                      -          587,000.00                   65.00
1103644734         SAN DIEGO                                           92105   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    335,657.43   First Lien                                    -          366,000.00                   30,000.00                      -          420,000.00                   80.00
1103644746         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,500.00                    206,500.00   First Lien                                    -          206,500.00                           -                      -          295,000.00                   70.00
1103644767         CHINO HILLS                                         91709   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    577,600.00                    577,600.00   First Lien                                    -          612,100.00                   34,500.00                      -          722,000.00                   80.00
1103644792         SANTA ANA                                           92701   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          356,000.00                   80.00
1103644794         SEATTLE                                             98146   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          180,000.00                   36,000.00             180,000.00          306,000.00                   80.00
1103644798         FORT MYERS                                          33905   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    100,000.00                    100,000.00   First Lien                                    -          118,750.00                   18,750.00             125,000.00          133,000.00                   80.00
1103644799         LOS ANGELES                                         90062   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    354,320.00                    354,320.00   First Lien                                    -          442,900.00                   88,580.00             442,900.00          443,000.00                   80.00
1103644800         LOS ANGELES                                         90039   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103644801         WHITTIER AREA                                       90606   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103644804         HUNTINGTON PARK                                     90255   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
1103644806         COMPTON                                             90220   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    437,000.00                    437,000.00   First Lien                                    -          437,000.00                           -                      -          575,000.00                   76.00
1103644808         SALT LAKE CITY                                      84118   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    199,920.00                    199,920.00   First Lien                                    -          237,405.00                   37,485.00             249,900.00          250,000.00                   80.00
1103644809         LAS VEGAS                                           89106   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                     61,600.00                     61,527.00   First Lien                                    -           61,600.00                           -              77,000.00           80,000.00                   80.00
1103644815         SAN DIEGO                                           92127   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    308,000.00                    308,000.00   First Lien                                    -          365,750.00                   57,750.00             385,000.00          400,500.00                   80.00
1103644821         POUGHKEEPSIE                                        12601   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,250.00                    180,116.22   First Lien                                    -          244,625.00                   64,375.00             257,500.00          260,000.00                   70.00
1103644829         SYOSSET                                             11791   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          713,716.00                  293,716.00                      -          760,000.00                   55.26
1103644830         SAN JOSE                                            95118   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    237,650.00                    237,650.00   First Lien                                    -          339,500.00                  101,850.00             339,500.00          339,500.00                   70.00
1103644835         FRESNO                                              93722   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
1103644843         RANCHO SANTA MARGARITA                              92688   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00             535,000.00          535,000.00                   80.00
1103644845         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    644,000.00                    643,445.53   First Lien                                    -          644,000.00                           -                      -          920,000.00                   70.00
1103644847         ANTELOPE                                            95843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,300.00                    202,300.00   First Lien                                    -          274,550.00                   72,250.00                      -          289,000.00                   70.00
1103644848         PALMETTO                                            30268   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     87,750.00                     87,750.00   First Lien                                    -           87,750.00                           -                      -          135,000.00                   65.00
1103644850         POINT PLEASANT                                       8742   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          630,000.00                  140,000.00             700,000.00          725,000.00                   70.00
1103644862         SANTA BARBARA                                       93101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    596,000.00                    596,000.00   First Lien                                    -          596,000.00                           -                      -        1,275,000.00                   46.75
1103644865         MURRIETA                                            92562   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    378,400.00                    378,400.00   First Lien                                    -          448,850.00                   70,450.00                      -          473,000.00                   80.00
1103644868         LOS ANGELES                                         90047   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103644887         PHOENIX                                             85035   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    171,865.83   First Lien                                    -          172,000.00                           -                      -          215,000.00                   80.00
1103644889         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          726,000.00                  186,000.00                      -          730,000.00                   73.97
1103644908         EAGLE MOUNTAIN                                      84043   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    138,500.00                    138,500.00   First Lien                                    -          138,500.00                           -                      -          198,000.00                   69.95
1103644915         NORCO                                               92860   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    399,000.00                    399,000.00   First Lien                                    -          399,000.00                           -                      -          570,000.00                   70.00
1103644928         MIAMI                                               33127   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          320,000.00                   64,000.00             320,000.00          323,000.00                   80.00
1103644936         YUCAIPA                                             92399   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    247,500.00                    247,500.00   First Lien                                    -          313,500.00                   66,000.00                      -          330,000.00                   75.00
1103644942         HOMESTEAD                                           33035   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,950.00                    175,950.00   First Lien                                    -          197,950.00                   22,000.00             219,990.00          220,000.00                   79.98
1103644971         ENCINO                                              91316   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          495,000.00                   99,000.00             495,000.00          495,000.00                   80.00
1103644985         CITRUS HEIGHTS                                      95621   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    213,600.00                    213,600.00   First Lien                                    -          267,000.00                   53,400.00             267,000.00          300,000.00                   80.00
1103644992         MIAMI                                               33161   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,000.00                    147,000.00   First Lien                                    -          199,500.00                   52,500.00             210,000.00          300,000.00                   70.00
1103645001         BELL GARDENS                                        90201   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    599,200.00                    599,200.00   First Lien                                    -          711,550.00                  112,350.00             749,000.00          749,000.00                   80.00
1103645013         MANTI                                               84642   UT                       20070301                20220201    FIXED                  No                                          180                    180                          179                    101,250.00                    100,940.85   First Lien                                    -          101,250.00                           -                      -          135,000.00                   75.00
1103645042         COMPTON                                             90220   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    299,494.48   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
1103645044         ESPARTO                                             95627   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          533,000.00                   78.05
1103645085         PORT CHARLOTTE                                      33948   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    218,000.00                    217,632.67   First Lien                                    -          218,000.00                           -                      -          380,000.00                   57.37
1103645107         CORAL GABLES                                        33146   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    850,000.00                    850,000.00   First Lien                                    -          986,000.00                  136,000.00           1,160,000.00        1,160,000.00                   73.28
1103645120         ROYAL PALM BEACH                                    33411   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    154,000.00                    153,713.98   First Lien                                    -          154,000.00                           -                      -          220,000.00                   70.00
1103645123         SAN MIGUEL                                          93451   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    546,000.00                    546,000.00   First Lien                                    -          624,000.00                   78,000.00                      -          780,000.00                   70.00
1103645126         RANCHO CUCAMONGA                                    91701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    499,395.00                    499,395.00   First Lien                                    -          562,500.00                   63,105.00                      -          630,000.00                   79.27
1103645141         LANCASTER                                           93534   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          250,000.00                   50,000.00             250,000.00          250,000.00                   80.00
1103645145         CONCORD                                             94521   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    528,000.00                    527,545.40   First Lien                                    -          550,000.00                   22,000.00                      -          660,000.00                   80.00
1103645148         SAN MIGUEL                                          93451   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    538,300.00                    538,300.00   First Lien                                    -          615,200.00                   76,900.00                      -          769,000.00                   70.00
1103645154         LA QUINTA                                           92253   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    500,000.00                    499,048.69   First Lien                                    -          500,000.00                           -           1,850,000.00        2,000,000.00                   27.03
1103645171         LAGUNA BEACH                                        92651   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,575,000.00                  1,575,000.00   First Lien                                    -        1,890,000.00                  315,000.00           2,100,000.00        2,100,000.00                   75.00
1103645174         OCEANSIDE                                           92057   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          475,000.00                   75,000.00                      -          500,000.00                   80.00
1103645193         FALL RIVER                                           2721   MA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    136,000.00                    135,891.24   First Lien                                    -          136,000.00                           -                      -          243,000.00                   55.97
1103645195         PROVO                                               84601   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,400.00                    198,400.00   First Lien                                    -          198,400.00                           -                      -          248,000.00                   80.00
1103645200         OAKLAND                                             94605   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          427,500.00                   47,500.00             475,000.00          525,000.00                   80.00
1103645212         DARIEN                                               6820   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    510,000.00                    510,000.00   First Lien                                    -          510,000.00                           -                      -          900,000.00                   56.67
1103645215         LOS ANGELES                                         90029   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    603,000.00                    603,000.00   First Lien                                    -          683,400.00                   80,400.00                      -          804,000.00                   75.00
1103645223         EL CENTRO                                           92243   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    359,682.38   First Lien                                    -          405,000.00                   45,000.00                      -          450,000.00                   80.00
1103645241         HOUSTON                                             77057   TX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    319,850.70   First Lien                                    -          380,000.00                   60,000.00             400,000.00          635,000.00                   80.00
1103645244         MONTGOMERY VILLAGE                                  20886   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          451,000.00                   65,000.00                      -          483,000.00                   79.92
1103645260         ENCINITAS                                           92024   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    431,250.00                    431,250.00   First Lien                                    -          546,250.00                  115,000.00             575,000.00          600,000.00                   75.00
1103645302         SANTA ROSA                                          95403   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,000.00                    457,000.00   First Lien                                    -          577,000.00                  120,000.00                      -          610,000.00                   74.92
1103645313         LA PUENTE                                           91744   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    142,000.00                    142,000.00   First Lien                                    -          142,000.00                           -                      -          525,000.00                   27.05
1103645320         BAYONNE                                              7002   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    357,000.00                    357,000.00   First Lien                                    -          459,000.00                  102,000.00                      -          510,000.00                   70.00
1103645321         PORT CHESTER                                        10573   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          575,000.00                   80.00
1103645322         FORT LAUDERDALE                                     33305   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    682,500.00                    682,500.00   First Lien                                    -          682,500.00                           -                      -          910,000.00                   75.00
1103645323         MIDDLETOWN                                          22645   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    508,000.00                    508,000.00   First Lien                                    -          633,000.00                  125,000.00                      -          635,000.00                   80.00
1103645324         CLINTON TOWNSHIP                                    48035   MI                       20070201                20370101    ARMS                   No                                          360                    360                          358                     75,200.00                     75,200.00   First Lien                                    -           94,000.00                   18,800.00              94,000.00           98,000.00                   80.00
1103645325         WANTAGE                                              7461   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    511,600.00                    511,600.00   First Lien                                    -          606,100.00                   94,500.00             639,506.00          650,000.00                   80.00
1103645326         MONTCLAIR                                            7042   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    396,000.00                    396,000.00   First Lien                                    -          440,000.00                   44,000.00             495,000.00          500,000.00                   80.00
1103645329         MARSTONS MILLS                                       2648   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          485,000.00                   61.86
1103645347         OLNEY                                               20832   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
1103645349         NEW MARKET                                          21774   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    298,500.00                    298,500.00   First Lien                                    -          378,100.00                   79,600.00                      -          398,000.00                   75.00
1103645350         KISSIMMEE                                           34759   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    214,850.00                    214,850.00   First Lien                                    -          272,150.00                   57,300.00             286,530.00          286,543.00                   74.98
1103645351         NAPLES                                              34113   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          210,000.00                   52,500.00             210,000.00          210,000.00                   75.00
1103645352         VERO BEACH                                          32967   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00             230,000.00          230,000.00                   75.00
1103645353         BURKE                                               22015   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    288,000.00                    288,000.00   First Lien                                    -          324,000.00                   36,000.00             360,000.00          360,000.00                   80.00
1103645354         CHARLOTTESVILLE                                     22901   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    243,000.00                    243,000.00   First Lien                                    -          324,000.00                   81,000.00             324,000.00          324,000.00                   75.00
1103645355         PERRY HALL                                          21128   MD                       20061201                20361101    ARMS                   No                                          360                    360                          356                    439,250.00                    439,250.00   First Lien                                    -          549,050.00                  109,800.00             549,124.00          585,000.00                   79.99
1103645356         VIRGINIA BEACH                                      23464   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    236,000.00                    236,000.00   First Lien                                    -          280,250.00                   44,250.00                      -          295,000.00                   80.00
1103645357         MAGNOLLA                                            19962   DE                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,250.00                    348,250.00   First Lien                                    -          435,300.00                   87,050.00             435,350.00          436,000.00                   79.99
1103645358         MOUNT JOY                                           17552   PA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    104,900.00                    104,561.45   First Lien                                    -          125,844.00                   20,944.00                      -          139,900.00                   74.98
1103645359         RICHMOND                                            23231   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    131,250.00                    131,068.77   First Lien                                    -          157,500.00                   26,250.00             175,000.00          178,000.00                   75.00
1103645360         NORFOLK                                             23513   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    153,750.00                    153,532.28   First Lien                                    -          205,000.00                   51,250.00             205,000.00          206,000.00                   75.00
1103645361         MANASSAS                                            20111   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00                      -          470,000.00                   71.81
1103645365         BALTIMORE                                           21211   MD                       20070101                20361201    FIXED                  No                                          360                    360                          357                    168,000.00                    167,594.55   First Lien                                    -          168,000.00                           -                      -          318,001.00                   52.83
1103645366         VIRGINIA BEACH                                      23455   VA                       20061201                20361101    FIXED                  No                                          360                    360                          356                    416,250.00                    414,768.82   First Lien                                    -          476,250.00                   60,000.00                      -          555,000.00                   75.00
1103645367         HANOVER                                             17331   PA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    135,900.00                    135,538.31   First Lien                                    -          135,900.00                           -             169,900.00          169,900.00                   79.99
1103645396         SAN FRANCISCO                                       94110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    449,400.00                    449,400.00   First Lien                                    -          449,400.00                           -                      -          790,000.00                   56.89
1103645421         HERCULES                                            94547   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    554,350.00                    554,350.00   First Lien                                    -          692,948.00                  138,598.00             692,990.00          692,990.00                   79.99
1103645422         HAWTHORNE                                           90250   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    329,000.00                    329,000.00   First Lien                                    -          329,000.00                           -                      -          553,000.00                   59.49
1103645423         HAYWARD                                             94544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          559,980.00                   79,980.00                      -          600,000.00                   80.00
1103645424         NEWARK                                              94560   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    528,000.00                    528,000.00   First Lien                                    -          559,944.00                   31,944.00                      -          660,000.00                   80.00
1103645425         HAYWARD                                             94544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    468,000.00                    468,000.00   First Lien                                    -          555,750.00                   87,750.00                      -          585,000.00                   80.00
1103645426         FOLSOM                                              95630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          385,000.00                   64.94
1103645427         CAZADERO                                            95421   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          525,000.00                   70.10
1103645428         LAS VEGAS                                           89115   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    206,400.00                    206,400.00   First Lien                                    -          245,100.00                   38,700.00                      -          258,000.00                   80.00
1103645429         OCEANSIDE                                           92057   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    272,000.00                    272,000.00   First Lien                                    -          306,000.00                   34,000.00                      -          340,000.00                   80.00
1103645430         GLEN ELLEN                                          95442   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    506,250.00                    506,250.00   First Lien                                    -          506,250.00                           -             675,000.00          690,000.00                   75.00
1103645431         TEMPE                                               85282   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    168,800.00                    168,800.00   First Lien                                    -          168,800.00                           -                      -          211,000.00                   80.00
1103645432         TEMPE                                               85281   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          195,000.00                   80.00
1103645433         SACRAMENTO                                          95838   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          350,000.00                   58.00
1103645434         PHOENIX                                             85020   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    748,000.00                    748,000.00   First Lien                                    -          748,000.00                           -             935,000.00          950,000.00                   80.00
1103645435         SAN DIEGO                                           92109   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          305,000.00                   80.00
1103645436         SANTA ROSA                                          95401   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    438,000.00                    438,000.00   First Lien                                    -          438,000.00                           -                      -          730,000.00                   60.00
1103645437         CERES                                               95307   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103645438         GERMANTOWN                                          20874   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    476,000.00                    476,000.00   First Lien                                    -          595,000.00                  119,000.00             595,000.00          639,000.00                   80.00
1103645439         AUBURN                                              95602   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    798,000.00                    798,000.00   First Lien                                    -          798,000.00                           -                      -        1,140,000.00                   70.00
1103645440         SAN DIEGO                                           92154   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          380,016.00                  100,016.00                      -          470,000.00                   59.57
1103645441         CHANDLER                                            85226   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -             265,000.00          270,000.00                   58.49
1103645442         EAST HAVEN                                           6512   CT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          295,000.00                   80.00
1103645443         VACAVILLE                                           95687   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          396,500.00                   80.00
1103645444         TOWNSHIP OF WINSLOW                                  8089   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    151,200.00                    151,200.00   First Lien                                    -          189,000.00                   37,800.00             189,000.00          190,000.00                   80.00
1103645445         RAYMOND                                              4071   ME                       20070201                20370101    ARMS                   No                                          360                    360                          358                    166,400.00                    166,126.42   First Lien                                    -          208,000.00                   41,600.00                      -          208,000.00                   80.00
1103645446         SILVER SPRING                                       20906   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          475,000.00                   80.00
1103645447         SOUTH LAKE TAHOE                                    96150   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          370,000.00                   78.38
1103645448         FAIRFAX                                             22033   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    416,250.00                    416,250.00   First Lien                                    -          491,231.00                   74,981.00                      -          555,000.00                   75.00
1103645449         UKIAH                                               95482   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    289,500.00                    289,500.00   First Lien                                    -          361,916.00                   72,416.00             361,900.00          363,000.00                   79.99
1103645465         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    526,400.00                    526,400.00   First Lien                                    -          676,400.00                  150,000.00             752,000.00          800,000.00                   70.00
1103645468         HOLTVILLE                                           92250   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    116,000.00                    115,895.13   First Lien                                    -          116,000.00                           -                      -          215,000.00                   53.95
1103645470         LAKE PLACID                                         33852   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     85,000.00                     84,928.59   First Lien                                    -           85,000.00                           -             130,000.00          145,000.00                   65.38
1103645489         DESERT HOT SPRINGS                                  92240   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    209,000.00                    209,000.00   First Lien                                    -          209,000.00                           -                      -          330,000.00                   63.33
1103645510         DETROIT                                             48224   MI                       20061201                20361101    ARMS                   No                                          360                    360                          356                    132,000.00                    132,000.00   First Lien                                    -          165,000.00                   33,000.00                      -          165,000.00                   80.00
1103645511         SALT LAKE CITY                                      84116   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          157,500.00                           -                      -          225,000.00                   70.00
1103645514         HILLSIDE                                             7205   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
1103645516         NORTH WALES                                         19454   PA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    248,800.00                    248,447.67   First Lien                                    -          311,000.00                   62,200.00                      -          311,000.00                   80.00
1103645517         LAS VEGAS                                           89101   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
1103645518         SAN MARCOS                                          92078   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    432,000.00                    432,000.00   First Lien                                    -          432,000.00                           -                      -          540,000.00                   80.00
1103645519         SALT LAKE CITY                                      84116   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          190,000.00                   70.00
1103645520         VISTA                                               92084   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    306,000.00                    306,000.00   First Lien                                    -          306,000.00                           -                      -          465,000.00                   65.81
1103645522         ATLANTA                                             30349   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    132,000.00                    131,798.52   First Lien                                    -          165,000.00                   33,000.00             165,000.00          165,000.00                   80.00
1103645526         ALLENTOWN                                           18103   PA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    161,600.00                    161,445.00   First Lien                                    -          161,600.00                           -                      -          202,000.00                   80.00
1103645527         BAKERSFIELD AREA                                    93307   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    106,000.00                    105,803.13   First Lien                                    -          106,000.00                           -                      -          175,000.00                   60.57
1103645528         TUSTIN                                              92780   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    850,000.00                    850,000.00   First Lien                                    -          850,000.00                           -                      -        1,150,000.00                   73.91
1103645530         GILBERT                                             85297   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    272,780.00                    272,780.00   First Lien                                    -          272,780.00                           -             389,686.00          400,000.00                   70.00
1103645531         BROOKLYN                                            11212   NY                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    237,000.00                    236,769.35   First Lien                                    -          237,000.00                           -                      -          500,000.00                   47.40
1103645546         OREM                                                84057   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          280,000.00                   70.00
1103645551         MIAMI                                               33161   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    432,000.00                    431,538.45   First Lien                                    -          513,000.00                   81,000.00             540,000.00          540,000.00                   80.00
1103645604         MODESTO                                             95350   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    110,000.00                    110,000.00   First Lien                                    -          110,000.00                           -                      -          200,000.00                   55.00
1103645613         SOUTH GATE                                          90280   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          500,000.00                   57.80
1103645623         WILDOMAR                                            92595   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    436,000.00                    436,000.00   First Lien                                    -          436,000.00                           -                      -          545,000.00                   80.00
1103645628         VIRGINIA BEACH                                      23454   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    144,000.00                    143,921.54   First Lien                                    -          144,000.00                           -                      -          180,000.00                   80.00
1103645629         LANCASTER                                           93536   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    345,000.00                    345,000.00   First Lien                                    -          437,000.00                   92,000.00                      -          460,000.00                   75.00
1103645637         GILBERT                                             85233   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,290.08   First Lien                                    -          262,500.00                           -                      -          375,000.00                   70.00
1103645643         SEATTLE                                             98115   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    371,000.00                    371,000.00   First Lien                                    -          477,000.00                  106,000.00             530,000.00          534,000.00                   70.00
1103645650         ESCONDIDO                                           92026   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    560,000.00                    560,000.00   First Lien                                    -          560,000.00                           -                      -          700,000.00                   80.00
1103645651         CHERRY VALLEY                                       92223   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          342,000.00                   52.63
1103645659         KAILUA KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,100.00                    472,100.00   First Lien                                    -          472,100.00                           -                      -          630,000.00                   74.94
1103645672         SAN DIEGO                                           92131   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    960,100.00                    956,833.66   First Lien                                    -          960,100.00                           -           1,371,737.00        1,380,000.00                   69.99
1103645677         ANTIOCH                                             94531   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,200.00                    236,200.00   First Lien                                    -          283,500.00                   47,300.00                      -          315,000.00                   74.98
1103645684         TORRANCE                                            90505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,600.00                    285,600.00   First Lien                                    -          333,000.00                   47,400.00                      -          357,000.00                   80.00
1103645689         BURBANK                                             91505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    584,600.00                    584,600.00   First Lien                                    -          662,550.00                   77,950.00             779,500.00          800,000.00                   75.00
1103645700         MAGALIA                                             95954   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          288,000.00                   32,000.00             320,000.00          320,000.00                   80.00
1103645706         EUGENE                                              97402   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    190,800.00                    190,737.33   First Lien                                    -          190,800.00                           -             212,000.00          235,000.00                   90.00
1103645736         SAN FRANCISCO                                       94127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    960,000.00                    960,000.00   First Lien                                    -        1,216,000.00                  256,000.00           1,280,000.00        1,280,000.00                   75.00
1103645741         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    294,700.00                    294,700.00   First Lien                                    -          399,900.00                  105,200.00             421,000.00          430,000.00                   70.00
1103645744         SANTA ROSA                                          95403   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    550,000.00                    548,821.28   First Lien                                    -          550,000.00                           -             750,000.00          900,000.00                   73.33
1103645750         BENICIA                                             94510   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          770,000.00                  154,000.00                      -          770,000.00                   80.00
1103645756         LOS ANGELES                                         90003   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    540,000.00                    539,734.39   First Lien                                    -          675,000.00                  135,000.00             675,000.00          750,000.00                   80.00
1103645806         MANCHESTER                                           3103   NH                       20070301                20370201    FIXED                  No                                          360                    360                          359                    210,000.00                    209,844.15   First Lien                                    -          210,000.00                           -                      -          280,000.00                   75.00
1103645810         SOUTH GATE                                          90280   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          600,000.00                   45.83
1103645823         VAN NUYS                                            91406   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          625,000.00                   57.60
1103645831         SANTA FE SPRINGS                                    90670   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    317,000.00                    315,921.54   First Lien                                    -          317,000.00                           -                      -          637,000.00                   49.76
1103645833         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,000.00                    240,000.00   First Lien                                    -          270,000.00                   30,000.00             300,000.00          300,000.00                   80.00
1103645836         TRACY                                               95376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          327,500.00                   63,500.00                      -          352,000.00                   75.00
1103645845         SAN JOSE                                            95148   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    548,000.00                    548,000.00   First Lien                                    -          548,000.00                           -             685,000.00          685,000.00                   80.00
1103645847         NORTH HIGHLANDS                                     95660   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
1103645849         MARTINEZ                                            94553   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          450,000.00                   44.44
1103645851         STEVENSON RANCH                                     91381   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    920,000.00                    919,105.81   First Lien                                    -          920,000.00                           -           1,150,000.00        1,153,000.00                   80.00
1103645880         SPARKS                                              89431   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    184,000.00                    184,000.00   First Lien                                    -          207,000.00                   23,000.00                      -          230,000.00                   80.00
1103645899         HACIENDA HEIGHTS                                    91745   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,000.00                    468,000.00   First Lien                                    -          624,000.00                  156,000.00             624,000.00          624,000.00                   75.00
1103645913         COLTON                                              92324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
1103645918         GULF SHORES                                         36542   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
1103645926         KAILUA KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    199,500.00                    199,500.00   First Lien                                    -          252,700.00                   53,200.00             266,000.00          266,000.00                   75.00
1103645947         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
1103645965         FORT WORTH                                          76132   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,373.56   First Lien                                    -          600,000.00                           -                      -        1,550,000.00                   38.71
1103645969         PARKLAND                                            33076   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    311,000.00                    310,769.19   First Lien                                    -          311,000.00                           -                      -          545,000.00                   57.06
1103645989         NEWARK                                               7104   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    269,936.50   First Lien                                    -          270,000.00                           -                      -          310,000.00                   87.10
1103645990         PARAMOUNT                                           90723   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    342,400.00                    342,400.00   First Lien                                    -          428,000.00                   85,600.00             428,000.00          440,000.00                   80.00
1103645997         FRESNO                                              93706   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,210.00                    154,080.44   First Lien                                    -          154,210.00                           -                      -          220,300.00                   70.00
1103646059         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    308,800.00                    308,800.00   First Lien                                    -          383,800.00                   75,000.00                      -          386,000.00                   80.00
1103646062         TEMECULA                                            92592   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00                      -          500,000.00                   80.00
1103646063         ELK GROVE                                           95758   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,000.00                    348,000.00   First Lien                                    -          348,000.00                           -                      -          435,000.00                   80.00
1103646064         CULPEPER                                            22701   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
1103646065         SAN FRANCISCO                                       94118   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          775,000.00                   41.94
1103646066         WILMINGTON                                          28412   NC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    158,400.00                    158,400.00   First Lien                                    -          198,000.00                   39,600.00             198,000.00          205,000.00                   80.00
1103646067         SACRAMENTO                                          95829   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    261,500.00                    261,500.00   First Lien                                    -          326,913.00                   65,413.00             326,900.00          335,000.00                   79.99
1103646068         CAVE CREEK                                          85331   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    385,000.00                    385,000.00   First Lien                                    -          550,000.00                  165,000.00             550,000.00          555,000.00                   70.00
1103646069         SCOTTSDALE                                          85251   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    169,000.00                    169,000.00   First Lien                                    -          169,000.00                           -                      -          260,000.00                   65.00
1103646070         OAKLAND                                             94619   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          481,521.00                   64,521.00                      -          535,000.00                   77.94
1103646071         FRAMINGHAM                                           1701   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    221,250.00                    221,250.00   First Lien                                    -          280,250.00                   59,000.00             295,000.00          310,000.00                   75.00
1103646072         LAKESIDE                                            92040   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    411,000.00                    411,000.00   First Lien                                    -          411,000.00                           -                      -          725,000.00                   56.69
1103646073         GOLD CANYON                                         85218   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,600.00                    201,600.00   First Lien                                    -          201,600.00                           -                      -          252,000.00                   80.00
1103646074         MADERA                                              93638   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,000.00                    284,000.00   First Lien                                    -          319,500.00                   35,500.00             355,000.00          355,000.00                   80.00
1103646075         SANTA ROSA                                          95405   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          554,984.00                  137,984.00                      -          560,000.00                   74.46
1103646076         CONCORD                                             94521   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,400.00                    290,400.00   First Lien                                    -          362,891.00                   72,491.00             363,000.00          365,000.00                   80.00
1103646077         CHELSEA                                              2150   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,800.00                    368,800.00   First Lien                                    -          461,000.00                   92,200.00                      -          461,000.00                   80.00
1103646078         JACKSONVILLE BEACH                                  32250   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    795,000.00                    795,000.00   First Lien                                    -          848,000.00                   53,000.00           1,060,000.00        1,140,000.00                   75.00
1103646079         TEMPE                                               85281   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          220,000.00                   80.00
1103646080         EATONTON                                            31024   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          530,000.00                   72.64
1103646081         MORGAN HILL                                         95037   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103646082         LOS ANGELES                                         90064   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    716,000.00                    716,000.00   First Lien                                    -          895,000.00                  179,000.00             895,000.00          895,000.00                   80.00
1103646083         SEBASTOPOL                                          95472   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          625,000.00                   80.00
1103646084         SACRAMENTO                                          95822   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    264,000.00                    264,000.00   First Lien                                    -          264,000.00                           -                      -          330,000.00                   80.00
1103646085         OAKDALE                                             95361   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    322,500.00                    322,500.00   First Lien                                    -          322,500.00                           -                      -          430,000.00                   75.00
1103646086         REDWOOD CITY                                        94062   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    715,000.00                    715,000.00   First Lien                                    -          832,013.00                  117,013.00                      -          925,000.00                   77.30
1103646087         SAN BRUNO                                           94066   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    270,850.00                    270,850.00   First Lien                                    -          338,604.00                   67,754.00             338,600.00          348,000.00                   79.99
1103646088         CITY OF STOCKTON                                    95206   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103646089         OAKLEY                                              94561   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -             480,000.00          480,000.00                   68.75
1103646091         TOWN OF NEWBURGH                                    12550   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    302,400.00                    302,400.00   First Lien                                    -          378,000.00                   75,600.00             378,000.00          378,000.00                   80.00
1103646092         SURPRISE                                            85379   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    193,600.00                    193,600.00   First Lien                                    -          193,600.00                           -                      -          242,000.00                   80.00
1103646093         TOWNSHIP OF TOMS RIVER                               8753   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    125,000.00                    125,000.00   First Lien                                    -          125,000.00                           -             193,000.00          265,000.00                   64.77
1103646094         SCOTTSDALE                                          85262   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    788,000.00                    788,000.00   First Lien                                    -          908,998.00                  120,998.00                      -        1,010,000.00                   78.02
1103646095         CITY OF ROANOKE RAPIDS                              27870   NC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    169,600.00                    169,600.00   First Lien                                    -          190,800.00                   21,200.00             212,000.00          213,000.00                   80.00
1103646096         SAN PABLO                                           94806   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    392,000.00                    392,000.00   First Lien                                    -          490,000.00                   98,000.00                      -          490,000.00                   80.00
1103646097         OAK BLUFFS                                           2557   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    464,800.00                    464,800.00   First Lien                                    -          614,798.00                  149,998.00                      -          664,000.00                   70.00
1103646098         RIALTO                                              92376   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    372,000.00                    372,000.00   First Lien                                    -          441,750.00                   69,750.00                      -          465,000.00                   80.00
1103646099         CHINO HILLS                                         91709   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    472,000.00                    472,000.00   First Lien                                    -          531,000.00                   59,000.00             590,000.00          600,000.00                   80.00
1103646100         TOWNSHIP OF MONROE                                   8094   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
1103646101         RANCHO SANTA FE                                     92067   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        2,300,000.00                   32.61
1103646102         CALEXICO                                            92231   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    195,000.00                    195,000.00   First Lien                                    -          195,000.00                           -                      -          300,000.00                   65.00
1103646103         SALT LAKE CITY                                      84102   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          162,000.00                   18,000.00             180,000.00          240,000.00                   80.00
1103646104         GLENDALE                                            85308   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    281,950.00                    281,950.00   First Lien                                    -          376,938.00                   94,988.00                      -          425,000.00                   66.34
1103646138         TULSA                                               74135   OK                       20070301                20370201    FIXED                  No                                          360                    360                          359                    111,375.00                    111,296.39   First Lien                                    -          141,075.00                   29,700.00                      -          148,500.00                   75.00
1103646141         SAN JOSE                                            95125   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    202,000.00                    201,546.29   First Lien                                    -          202,000.00                           -             650,000.00          650,000.00                   31.08
1103646144         RAMONA                                              92065   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,400.00                    316,400.00   First Lien                                    -          316,400.00                           -                      -          452,000.00                   70.00
1103646145         JACKSONVILLE BEACH                                  32250   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -             540,000.00          550,000.00                   69.81
1103646146         OCEANSIDE                                           92056   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          513,000.00                   57,000.00                      -          570,000.00                   80.00
1103646156         SAN CARLOS                                          94070   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,000,000.00                    998,955.94   First Lien                                    -        1,000,000.00                           -           1,310,000.00        1,310,000.00                   76.34
1103646160         SAN DIEGO                                           92111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          338,550.00                   58,550.00                      -          400,000.00                   70.00
1103646162         GARDENA                                             90247   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    258,440.00                    258,440.00   First Lien                                    -          258,440.00                           -                      -          600,000.00                   43.07
1103646170         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    498,500.00                    498,500.00   First Lien                                    -          562,500.00                   64,000.00             625,000.00          630,000.00                   79.76
1103646175         ORANGE                                              92869   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          770,000.00                   54.55
1103646199         CARLSBAD                                            92009   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          420,000.00                   75.00
1103646210         DINUBA                                              93618   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          280,000.00                   60.00
1103646222         CONCORD                                             94520   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    279,727.86   First Lien                                    -          280,000.00                           -                      -          680,000.00                   41.18
1103646227         COMPTON                                             90221   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    351,725.41   First Lien                                    -          440,000.00                   88,000.00             440,000.00          440,000.00                   80.00
1103646233         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,200.00                    130,200.00   First Lien                                    -          167,400.00                   37,200.00             186,000.00          186,000.00                   70.00
1103646237         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    122,500.00                    122,500.00   First Lien                                    -          157,500.00                   35,000.00             175,000.00          175,000.00                   70.00
1103646271         YORBA LINDA                                         92887   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    560,000.00                    559,718.80   First Lien                                    -          560,000.00                           -                      -          845,000.00                   66.27
1103646282         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    553,000.00                    553,000.00   First Lien                                    -          750,500.00                  197,500.00             790,000.00          815,000.00                   70.00
1103646299         MIAMI BEACH                                         33139   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             775,000.00          625,000.00                   80.00
1103646302         WATSONVILLE                                         95076   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    626,000.00                    625,420.19   First Lien                                    -          626,000.00                           -                      -        2,500,000.00                   25.04
1103646304         COLORADO SPRINGS                                    80911   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    104,080.00                    104,024.61   First Lien                                    -          104,080.00                           -             130,100.00          138,000.00                   80.00
1103646347         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    208,750.00                    208,750.00   First Lien                                    -          234,800.00                   26,050.00             260,995.00          261,000.00                   79.98
1103646383         LOS ANGELES                                         90008   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    660,000.00                    660,000.00   First Lien                                    -          825,000.00                  165,000.00             825,000.00          825,000.00                   80.00
1103646391         HENDERSON                                           89012   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    692,545.00                    692,545.00   First Lien                                    -          692,545.00                           -                      -        1,450,000.00                   47.76
1103646394         GREEN BAY                                           54301   WI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    129,600.00                    129,347.97   First Lien                                    -          162,000.00                   32,400.00                      -          162,000.00                   80.00
1103646409         MURRIETA                                            92563   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          405,000.00                   80.00
1103646416         MURRELLS INLET                                      29576   SC                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,000.00                    127,949.13   First Lien                                    -          128,000.00                           -                      -          160,000.00                   80.00
1103646429         SUN CITY                                            85373   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    309,600.00                    309,600.00   First Lien                                    -          348,300.00                   38,700.00             387,105.00          388,000.00                   79.98
1103646438         PALM BAY                                            32909   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,475.00                    152,475.00   First Lien                                    -          152,475.00                           -             160,500.00          166,000.00                   95.00
1103646441         BAKERSFIELD                                         93304   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    127,000.00                    127,000.00   First Lien                                    -          127,000.00                           -                      -          193,000.00                   65.80
1103646444         CICERO                                              60804   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00                      -          210,000.00                   80.00
1103646462         QUINCY                                              95971   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    136,000.00                    135,885.75   First Lien                                    -          170,000.00                   34,000.00             170,000.00          175,000.00                   80.00
1103646484         PANAMA CITY BEACH                                   32407   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    113,000.00                    113,000.00   First Lien                                    -          113,000.00                           -                      -          191,000.00                   59.16
1103646503         SAINT PAUL                                          55106   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    118,450.00                    118,450.00   First Lien                                    -          218,500.00                  100,050.00             230,000.00          230,000.00                   51.50
1103646533         BEAVERTON                                           97007   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    426,500.00                    426,500.00   First Lien                                    -          426,500.00                           -                      -          645,000.00                   66.12
1103646537         WALNUT CREEK                                        94596   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,500.00                    202,500.00   First Lien                                    -          243,000.00                   40,500.00             270,000.00          277,500.00                   75.00
1103646544         LA HABRA                                            90631   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          598,500.00                   98,500.00                      -          630,000.00                   79.37
1103646576         VALENCIA                                            91354   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          670,000.00                   59.70
1103646618         MENIFEE                                             92584   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          405,000.00                   80.00
1103646625         RIALTO                                              92377   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    292,500.00                    292,500.00   First Lien                                    -          292,500.00                           -                      -          425,000.00                   68.82
1103646629         PHOENIX                                             85051   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    110,000.00                    110,000.00   First Lien                                    -          110,000.00                           -                      -          197,000.00                   55.84
1103646661         SAN FERNANDO                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          514,000.00                   62.26
1103646674         LINCOLN                                             68510   NE                       20070301                20370201    FIXED                  No                                          360                    360                          359                     93,200.00                     93,200.00   First Lien                                    -          116,500.00                   23,300.00                      -          116,500.00                   80.00
1103646684         SANTEE                                              92071   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,000.00                    231,000.00   First Lien                                    -          231,000.00                           -             391,000.00          400,000.00                   59.08
1103646685         LOWER POTTSGROVE TWP                                19464   PA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          270,000.00                   48.15
1103646686         TEMPE                                               85284   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    315,000.00                    315,000.00   First Lien                                    -          401,985.00                   86,985.00                      -          450,000.00                   70.00
1103646687         SURPRISE                                            85388   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,250.00                    201,250.00   First Lien                                    -          258,010.00                   56,760.00                      -          258,000.00                   78.00
1103646688         OCEANSIDE                                           92057   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    456,000.00                    456,000.00   First Lien                                    -          513,000.00                   57,000.00                      -          570,000.00                   80.00
1103646689         TWP OF GLOUCESTER                                    8029   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,200.00                    183,200.00   First Lien                                    -          229,000.00                   45,800.00             229,000.00          229,000.00                   80.00
1103646691         LA MESA                                             91941   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    648,750.00                    648,750.00   First Lien                                    -          809,727.00                  160,977.00                      -          865,000.00                   75.00
1103646692         CENTERVILLE                                          2632   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          283,000.00                   80.00
1103646693         RED BLUFF                                           96080   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    140,000.00   First Lien                                    -          175,000.00                   35,000.00             175,000.00          219,000.00                   80.00
1103646694         LIVERMORE                                           94551   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          440,030.00                  140,030.00                      -          550,000.00                   54.55
1103646695         SAN LEANDRO                                         94577   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103646696         PITTSBURG                                           94565   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    340,000.00                    340,000.00   First Lien                                    -          416,500.00                   76,500.00                      -          425,000.00                   80.00
1103646697         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,000.00                    348,000.00   First Lien                                    -          391,500.00                   43,500.00                      -          435,000.00                   80.00
1103646698         ANTIOCH                                             94509   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    384,000.00                    384,000.00   First Lien                                    -          432,000.00                   48,000.00                      -          480,000.00                   80.00
1103646699         VALLEJO                                             94591   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    493,600.00                    493,600.00   First Lien                                    -          616,980.00                  123,380.00                      -          620,000.00                   79.61
1103646700         UNION CITY                                          94587   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          840,008.00                  190,008.00                      -          840,000.00                   77.38
1103646701         TRACY                                               95377   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    520,000.00                    520,000.00   First Lien                                    -          617,500.00                   97,500.00                      -          650,000.00                   80.00
1103646702         BRENTWOOD                                           94513   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    740,000.00                    740,000.00   First Lien                                    -          925,000.00                  185,000.00             925,000.00          955,000.00                   80.00
1103646703         HILLSBORO                                           97123   OR                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,720,000.00                  1,720,000.00   First Lien                                    -        1,720,000.00                           -                      -        2,490,000.00                   69.08
1103646704         PALM DESERT                                         92260   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    273,750.00                    273,750.00   First Lien                                    -          365,000.00                   91,250.00                      -          365,000.00                   75.00
1103646705         SAN DIMAS                                           91773   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00                      -          600,000.00                   80.00
1103646706         LOS ANGELES                                         90043   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
1103646707         VICTORVILLE                                         92395   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          285,000.00                   45,000.00                      -          300,000.00                   80.00
1103646708         SAN JOSE                                            95120   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    545,000.00                    545,000.00   First Lien                                    -          545,000.00                           -                      -        1,548,500.00                   35.20
1103646709         GREENBELT                                           20770   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    295,570.16   First Lien                                    -          314,500.00                   18,500.00                      -          370,000.00                   80.00
1103646710         LOUDON                                               3307   NH                       20070201                20370101    ARMS                   No                                          360                    360                          358                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
1103646711         CULPEPER                                            22701   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          396,000.00                   44,000.00                      -          440,000.00                   80.00
1103646712         EL CERRITO                                          94530   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          470,000.00                   63.83
1103646713         PORT ROYAL                                          29935   SC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    293,760.00                    293,760.00   First Lien                                    -          293,760.00                           -             326,400.00          344,000.00                   90.00
1103646714         MALDEN                                               2148   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    156,800.00                    156,800.00   First Lien                                    -          196,000.00                   39,200.00             196,000.00          199,000.00                   80.00
1103646715         BETHESDA                                            20816   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    656,800.00                    656,800.00   First Lien                                    -          821,000.00                  164,200.00                      -          821,000.00                   80.00
1103646716         MILL VALLEY                                         94941   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    515,000.00                    515,000.00   First Lien                                    -          515,000.00                           -                      -          808,000.00                   63.74
1103646717         BALDWIN PARK                                        91706   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    396,000.00                    396,000.00   First Lien                                    -          396,000.00                           -                      -          500,000.00                   79.20
1103646718         PHOENIX                                             85029   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103646719         FOUNTAIN HILLS                                      85268   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    373,750.00                    373,750.00   First Lien                                    -          373,750.00                           -                      -          575,000.00                   65.00
1103646720         SAN LEANDRO                                         94579   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          568,000.00                   77.46
1103646721         LA MESA                                             91942   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,000.00                    408,000.00   First Lien                                    -          482,919.00                   74,919.00             510,000.00          512,000.00                   80.00
1103646722         SANTA ANA                                           92707   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          600,000.00                   80.00
1103646723         HOLMDEL                                              7733   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,055,000.00                   61.61
1103646725         PHOENIX                                             85022   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          450,000.00                   50.00
1103646726         TEMPE                                               85283   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          257,600.00                   33,600.00                      -          280,000.00                   80.00
1103646727         ROSEVILLE                                           95747   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    461,250.00                    461,250.00   First Lien                                    -          553,500.00                   92,250.00                      -          615,000.00                   75.00
1103646728         PITTSBURG                                           94565   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    257,600.00                    257,600.00   First Lien                                    -          340,022.00                   82,422.00                      -          380,000.00                   67.79
1103646729         FREMONT                                             94536   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    328,000.00                    328,000.00   First Lien                                    -          369,000.00                   41,000.00                      -          410,000.00                   80.00
1103646770         NAPA                                                94559   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    439,572.34   First Lien                                    -          440,000.00                           -                      -          675,000.00                   65.19
1103646782         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    824,800.00                    824,800.00   First Lien                                    -          824,800.00                           -                      -        1,031,000.00                   80.00
1103646794         NORTH LAUDERDALE                                    33068   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    158,500.00                    158,377.58   First Lien                                    -          158,500.00                           -                      -          240,000.00                   66.04
1103646799         PHOENIX                                             85040   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    102,600.00                    102,600.00   First Lien                                    -          102,600.00                           -                      -          155,000.00                   66.19
1103646810         FRESNO                                              93701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    138,600.00                    138,600.00   First Lien                                    -          188,100.00                   49,500.00                      -          198,000.00                   70.00
1103646817         PALMDALE                                            93551   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
1103646832         BAKERSFIELD                                         93313   CA                       20061101                20361001    FIXED                  No                                          360                    360                          355                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          330,000.00                   78.79
1103646840         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,800.00                    257,800.00   First Lien                                    -          322,250.00                   64,450.00             322,310.00          323,000.00                   79.99
1103646878         LAVEEN                                              85339   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    374,500.00                    374,500.00   First Lien                                    -          508,250.00                  133,750.00             535,000.00          630,000.00                   70.00
1103646882         LOS ANGELES                                         90018   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          490,000.00                           -             640,000.00          650,000.00                   76.56
1103646886         NORWALK                                             90650   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          466,000.00                   50,000.00                      -          525,000.00                   79.24
1103646908         LONG BEACH                                          90810   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          449,000.00                   85,000.00                      -          455,000.00                   80.00
1103646911         BAKERSFIELD                                         93312   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,750.00                    268,750.00   First Lien                                    -          335,950.00                   67,200.00             335,965.00          336,000.00                   79.99
1103646914         LA MESA                                             91941   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          628,000.00                           -                      -          900,000.00                   69.78
1103646927         ANAHEIM                                             92802   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          480,000.00                   96,000.00             480,000.00          480,000.00                   80.00
1103646950         SAN JOSE                                            95112   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    735,000.00                    735,000.00   First Lien                                    -          735,000.00                           -                      -        1,050,000.00                   70.00
1103646972         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
1103646975         LEESBURG                                            20176   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    423,650.00                    423,650.00   First Lien                                    -          536,600.00                  112,950.00             564,900.00          595,000.00                   75.00
1103647008         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    354,000.00                    354,000.00   First Lien                                    -          354,000.00                           -             442,950.00          443,000.00                   79.92
1103647018         MAYWOOD                                             90270   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          620,000.00                   80.00
1103647035         VENTURA                                             93001   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    702,000.00                    699,637.14   First Lien                                    -          702,000.00                           -                      -          950,000.00                   73.89
1103647043         YUBA CITY                                           95991   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          275,000.00                   72.73
1103647046         CORONA                                              92882   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
1103647059         SAN JOSE                                            95111   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          645,000.00                   46.51
1103647063         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00                      -          455,000.00                   80.00
1103647071         SAN DIEGO                                           92102   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    357,000.00                    356,848.99   First Lien                                    -          357,000.00                           -                      -          470,000.00                   75.96
1103647089         RANCHO CUCAMONGA                                    91701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
1103647091         LOS BANOS                                           93635   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          306,000.00                   68,000.00                      -          340,000.00                   70.00
1103647097         SANTA MARIA AREA                                    93455   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103647102         KNOXVILLE                                           37922   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    199,893.56   First Lien                                    -          200,000.00                           -                      -          405,000.00                   49.38
1103647119         LAS VEGAS                                           89115   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,500.00                    202,400.40   First Lien                                    -          202,500.00                           -             225,000.00          225,000.00                   90.00
1103647129         PORT SAINT LUCIE                                    34953   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,200.00                    175,056.39   First Lien                                    -          219,000.00                   43,800.00             219,000.00          220,000.00                   80.00
1103647131         MIAMI                                               33196   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    139,930.00                    139,930.00   First Lien                                    -          189,905.00                   49,975.00             199,900.00          203,000.00                   70.00
1103647138         PASADENA                                            91104   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,300,000.00                   76.92
1103647163         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    616,400.00                    616,400.00   First Lien                                    -          731,950.00                  115,550.00                      -          770,500.00                   80.00
1103647170         OMAHA                                               68108   NE                       20070401                20370301    FIXED                  No                                          360                    360                          360                     98,000.00                     98,000.00   First Lien                                    -           98,000.00                           -             140,000.00          156,000.00                   70.00
1103647178         SPRING HILL                                         34606   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    119,000.00                    119,000.00   First Lien                                    -          119,000.00                           -                      -          140,000.00                   85.00
1103647209         PHOENIX                                             85035   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    164,000.00                    164,000.00   First Lien                                    -          205,000.00                   41,000.00                      -          220,000.00                   74.55
1103647228         MONTGOMERY                                          77316   TX                       20070201                20370101    FIXED                  No                                          360                    360                          358                     69,120.00                     69,031.00   First Lien                                    -           69,120.00                           -              76,800.00           79,000.00                   90.00
1103647251         FULLERTON                                           92833   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,000.00                    536,000.00   First Lien                                    -          670,000.00                  134,000.00             670,000.00          735,000.00                   80.00
1103647303         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          400,000.00                   78.75
1103647304         SATELLITE BEACH                                     32937   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -             200,000.00          230,000.00                   90.00
1103647313         LAGUNA NIGUEL                                       92677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          517,000.00                  100,000.00                      -          659,000.00                   63.28
1103647327         SCOTTSDALE                                          85259   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    900,000.00                    899,125.25   First Lien                                    -        1,190,000.00                  290,000.00                      -        1,550,000.00                   58.06
1103647332         TAMPA                                               33602   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103647337         LAS VEGAS                                           89110   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          460,000.00                   59.35
1103647350         POMPANO BEACH                                       33062   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,341,000.00                  341,000.00           1,490,000.00        1,490,000.00                   67.11
1103647363         GARDEN GROVE                                        92843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          655,000.00                   49.62
1103647377         HIALEH                                              33018   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    244,800.00                    244,800.00   First Lien                                    -          275,450.00                   30,650.00             306,990.00          306,990.00                   79.74
1103647404         ANAHEIM HILLS                                       92807   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          625,000.00                   80.00
1103647415         SANTA CLARITA                                       91351   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          211,500.00                   23,500.00                      -          235,000.00                   80.00
1103647420         SAN JOSE                                            95124   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    444,550.00                    444,096.76   First Lien                                    -          444,550.00                           -                      -          745,000.00                   59.67
1103647421         RIVERSIDE                                           92505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,100.00                    100,015.90   First Lien                                    -          100,100.00                           -                      -          432,000.00                   23.17
1103647424         LOS ANGELES                                         90056   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    664,000.00                    664,000.00   First Lien                                    -          664,000.00                           -                      -        1,200,000.00                   55.33
1103647454         MIAMI                                               33155   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,550.00                    311,550.00   First Lien                                    -          311,550.00                           -                      -          625,000.00                   49.85
1103647474         SAN DIEGO                                           92126   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    369,673.56   First Lien                                    -          370,000.00                           -                      -          550,000.00                   67.27
1103647477         SAN FERNANDO                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    410,400.00                    410,400.00   First Lien                                    -          461,700.00                   51,300.00                      -          513,000.00                   80.00
1103647479         PHOENIX                                             85033   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    118,413.00                    118,413.00   First Lien                                    -          160,703.00                   42,290.00             169,162.00          174,000.00                   70.00
1103647483         WEST PALM BEACH                                     33401   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    102,200.00                    102,200.00   First Lien                                    -          138,700.00                   36,500.00             146,000.00          154,000.00                   70.00
1103647492         EL CENTRO                                           92243   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    111,000.00                    111,000.00   First Lien                                    -          111,000.00                           -                      -          180,000.00                   61.67
1103647494         ALLENTOWN                                           18103   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    266,800.00                    266,800.00   First Lien                                    -          266,800.00                           -             280,892.16          295,000.00                   94.98
1103647498         PENSACOLA                                           32506   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     99,000.00                     98,912.65   First Lien                                    -           99,000.00                           -                      -          165,000.00                   60.00
1103647499         REDMOND                                             98052   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    535,000.00                    535,000.00   First Lien                                    -          535,000.00                           -             952,950.00          955,000.00                   56.14
1103647503         LAKEWOOD                                            90713   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          575,000.00                   64.35
1103647510         LOS ANGELES                                         90008   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          356,250.00                   56,250.00             375,000.00          462,000.00                   80.00
1103647545         ELIZABETH                                            7201   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          501,500.00                   29,500.00                      -          590,000.00                   80.00
1103647554         SAN DIEGO                                           92128   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    250,000.00                    249,809.77   First Lien                                    -          250,000.00                           -                      -          780,000.00                   32.05
1103647563         SAN DIEGO                                           92120   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    394,200.00                    393,778.57   First Lien                                    -          394,200.00                           -                      -          540,000.00                   73.00
1103647618         OXNARD                                              93036   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    440,300.00                    440,300.00   First Lien                                    -          629,000.00                  188,700.00             629,000.00          629,000.00                   70.00
1103647621         VISTA                                               92081   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
1103647633         MURRIETA                                            92563   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103647642         GOLETA                                              93117   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    628,500.00                    628,500.00   First Lien                                    -          628,500.00                           -                      -          930,000.00                   67.58
1103647667         FRESNO                                              93706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          190,000.00                   73.68
1103647681         LAKE FOREST                                         92630   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    600,000.00   First Lien                                    -          693,000.00                   93,000.00                      -          800,000.00                   75.00
1103647686         SURPRISE                                            85379   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          324,000.00                           -                      -          440,000.00                   73.64
1103647707         INDIO                                               92201   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    331,500.00                    331,500.00   First Lien                                    -          331,500.00                           -                      -          390,000.00                   85.00
1103647712         WILDWOOD                                             8260   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    251,300.00                    251,300.00   First Lien                                    -          323,100.00                   71,800.00             359,000.00          372,000.00                   70.00
1103647725         MIAMI                                               33183   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          215,000.00                   80.00
1103647757         PEMBROKE PINES                                      33024   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          422,000.00                   80.00
1103647762         NATIONAL CITY                                       91950   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00                      -          455,000.00                   80.00
1103647778         YUCAIPA                                             92399   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,708.42   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
1103647788         BAKERSFIELD                                         93307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          286,000.00                   45.45
1103647793         TAMPA                                               33607   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    176,000.00                    176,000.00   First Lien                                    -          176,000.00                           -                      -          220,000.00                   80.00
1103647794         BROCKTON                                             2301   MA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          380,000.00                   76.05
1103647815         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          617,500.00                  117,500.00                      -          650,000.00                   76.92
1103647843         SAN JOSE                                            95127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    479,800.00                    479,800.00   First Lien                                    -          479,800.00                           -                      -          640,000.00                   74.97
1103647844         SAN DIEGO                                           92113   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    375,500.00                    375,500.00   First Lien                                    -          375,500.00                           -                      -          590,000.00                   63.64
1103647856         AREA OF LA PUENTE                                   91744   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    303,000.00                    303,000.00   First Lien                                    -          303,000.00                           -                      -          480,000.00                   63.13
1103647859         PLEASANTON                                          94566   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    519,506.60   First Lien                                    -          520,000.00                           -             650,000.00          650,000.00                   80.00
1103647876         TAMPA                                               33604   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,400.00                    150,400.00   First Lien                                    -          150,400.00                           -                      -          188,000.00                   80.00
1103647884         SAN BERNARDINO                                      92407   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    143,500.00                    143,500.00   First Lien                                    -          143,500.00                           -                      -          205,000.00                   70.00
1103647885         SAN MIGUEL                                          93451   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          608,000.00                           -                      -          760,000.00                   80.00
1103647893         SAN DIEGO                                           92101   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    422,000.00                    421,579.09   First Lien                                    -          422,000.00                           -                      -          850,000.00                   49.65
1103647900         SAN MIGUEL                                          93451   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          616,000.00                           -                      -          770,000.00                   80.00
1103647901         SACRAMENTO                                          95864   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -        1,150,000.00                   43.91
1103647912         NEW HAVEN                                            6513   CT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,000.00                    284,000.00   First Lien                                    -          337,250.00                   53,250.00             355,000.00          355,000.00                   80.00
1103647913         CORONA                                              11368   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    499,800.00                    499,800.00   First Lien                                    -          642,600.00                  142,800.00             714,000.00          760,000.00                   70.00
1103647914         JACKSON                                              8527   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    294,000.00                    294,000.00   First Lien                                    -          378,000.00                   84,000.00                      -          420,000.00                   70.00
1103647918         CYPRESS                                             90630   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    375,000.00                    374,652.68   First Lien                                    -          375,000.00                           -                      -          713,000.00                   52.59
1103647921         MIAMI                                               33169   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    498,750.00                    498,750.00   First Lien                                    -          498,750.00                           -             528,884.00          525,000.00                   95.00
1103647927         TAMPA                                               33603   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,400.00                    150,400.00   First Lien                                    -          150,400.00                           -                      -          188,000.00                   80.00
1103647932         LITTLEROCK AREA                                     93543   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    229,797.07   First Lien                                    -          230,000.00                           -                      -          370,000.00                   62.16
1103647935         LADY LAKE                                           32159   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                     50,000.00                     49,917.11   First Lien                                    -           50,000.00                           -                      -          420,700.00                   11.88
1103647936         LAKEWOOD                                             8701   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    120,000.00                    119,816.82   First Lien                                    -          120,000.00                           -                      -          168,000.00                   71.43
1103647937         FORKED RIVER                                         8731   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                     87,000.00                     86,842.27   First Lien                                    -           87,000.00                           -             237,000.00          238,000.00                   36.71
1103647938         WEST PALM BEACH                                     33406   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    119,000.00                    118,839.77   First Lien                                    -          119,000.00                           -                      -          140,000.00                   85.00
1103647941         NEW YORK                                            10019   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    700,000.00                    698,820.47   First Lien                                    -          700,000.00                           -                      -        1,000,000.00                   70.00
1103647942         POINT  PLEASANT                                      8742   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    265,000.00                    264,553.46   First Lien                                    -          265,000.00                           -                      -          420,000.00                   63.10
1103647944         MOUNT SINAI                                         11766   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    805,000.00                    803,609.94   First Lien                                    -          805,000.00                           -                      -        1,150,000.00                   70.00
1103647945         PLAINFIELD                                           7062   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    373,600.00                    372,637.20   First Lien                                    -          467,000.00                   93,400.00                      -          470,000.00                   79.49
1103647950         EAST STROUDSBURG                                    18301   PA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    184,500.00                    184,086.66   First Lien                                    -          184,500.00                           -                      -          205,000.00                   90.00
1103647952         WESLEY HILLS                                        10952   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    398,541.80   First Lien                                    -          600,000.00                  200,000.00             700,000.00          700,000.00                   57.14
1103647954         JAMAICA                                             11434   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    284,000.00                    283,037.38   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
1103647955         FLUSHING                                            11367   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    700,000.00                    698,044.63   First Lien                                    -          700,000.00                           -             875,000.00          875,000.00                   80.00
1103647957         WARWICK                                             10990   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    256,000.00                    255,351.08   First Lien                                    -          256,000.00                           -             320,000.00          320,000.00                   80.00
1103647958         BRIDGEPORT                                           6605   CT                       20070201                20370101    FIXED                  No                                          360                    360                          358                    321,750.00                    321,750.00   First Lien                                    -          386,100.00                   64,350.00             429,000.00          433,000.00                   75.00
1103647959         YONKERS                                             10703   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    600,000.00                    600,000.00   First Lien                                    -          674,950.00                   74,950.00             763,200.00          750,000.00                   80.00
1103647960         WHITE PLAINS                                        10603   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -             397,000.00          400,000.00                   88.16
1103647961         FREEHOLD                                             7728   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    612,500.00                    612,500.00   First Lien                                    -          679,000.00                   66,500.00                      -          875,000.00                   70.00
1103647962         MONROE                                              10950   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103647965         TOMS  RIVER                                          8735   NJ                       20070201                20320101    FIXED                  No                                          300                    300                          298                    377,000.00                    375,990.38   First Lien                                    -          377,000.00                           -                      -          660,000.00                   57.12
1103647967         WALNUT                                              91789   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    455,000.00                    455,000.00   First Lien                                    -          455,000.00                           -                      -          690,000.00                   65.94
1103647981         GARDEN GROVE                                        92843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    453,700.00                    453,700.00   First Lien                                    -          605,000.00                  151,300.00             605,000.00          605,000.00                   74.99
1103648032         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          470,000.00                   78.72
1103648041         SAN JUAN CAPISTRANO                                 92675   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          680,000.00                   54.41
1103648046         DALLAS                                              75205   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    650,000.00                    649,337.29   First Lien                                    -          650,000.00                           -           1,263,000.00        1,360,000.00                   51.46
1103648051         MESA                                                85202   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,000.00                    161,000.00   First Lien                                    -          207,000.00                   46,000.00             230,000.00          235,000.00                   70.00
1103648069         SOLEDAD                                             93960   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,600.00                    405,600.00   First Lien                                    -          503,600.00                   98,000.00                      -          507,000.00                   80.00
1103648088         PHOENIX                                             85043   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,900.00                    168,900.00   First Lien                                    -          168,900.00                           -             215,000.00          211,125.00                   80.00
1103648102         PHOENIX                                             85043   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,600.00                    147,600.00   First Lien                                    -          147,600.00                           -             184,550.00          210,000.00                   79.98
1103648103         RIVERSIDE                                           92503   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          403,750.00                   63,750.00                      -          425,000.00                   80.00
1103648127         HEMET                                               92544   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00             275,000.00          275,000.00                   80.00
1103648131         YORBA LINDA                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          630,000.00                   63.49
1103648149         SAN BERNARDINO                                      92405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,800.00                    228,800.00   First Lien                                    -          271,700.00                   42,900.00             286,000.00          286,000.00                   80.00
1103648161         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          360,000.00                   75.00
1103648181         REDLANDS                                            92374   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    270,000.00                    269,809.44   First Lien                                    -          270,000.00                           -             383,000.00          383,000.00                   70.50
1103648203         HOMEWOOD                                            96141   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    616,000.00                    615,341.46   First Lien                                    -          616,000.00                           -             880,000.00          917,100.00                   70.00
1103648217         BETHLEHEM                                           18015   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    168,750.00                    168,621.59   First Lien                                    -          202,500.00                   33,750.00                      -          225,000.00                   75.00
1103648229         ALBRIGHTSVILLE                                      18210   PA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -             125,000.00          125,000.00                   86.40
1103648236         PETALUMA                                            94952   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    480,000.00                    479,885.40   First Lien                                    -          539,400.00                   59,400.00                      -          600,000.00                   80.00
1103648238         ANAHEIM                                             92804   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          540,000.00                   90,000.00                      -          600,000.00                   75.00
1103648249         HIDDEN VALLEY LAKE                                  95467   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    313,000.00                    313,000.00   First Lien                                    -          313,000.00                           -                      -          530,000.00                   59.06
1103648250         CORONA                                              92879   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    490,400.00                    490,400.00   First Lien                                    -          613,000.00                  122,600.00                      -          613,000.00                   80.00
1103648263         SANTEE                                              92071   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          460,000.00                   63.04
1103648267         PICO RIVERA                                         90660   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    152,250.00                    152,187.80   First Lien                                    -          152,250.00                           -                      -          435,000.00                   35.00
1103648288         CHICO                                               95928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          283,500.00                   31,500.00             315,000.00          315,000.00                   80.00
1103648296         APISON                                              37302   TN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,500.00                    148,500.00   First Lien                                    -          148,500.00                           -                      -          168,000.00                   88.39
1103648342         BLOOMINGTON                                         55428   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,700.00                    175,700.00   First Lien                                    -          238,450.00                   62,750.00                      -          251,000.00                   70.00
1103648352         COMMERCE                                            90040   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          416,250.00                           -                      -          555,000.00                   75.00
1103648371         LA MIRADA                                           90638   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    469,532.11   First Lien                                    -          470,000.00                           -                      -          610,000.00                   77.05
1103648378         SANTA ROSA                                          95404   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          545,000.00                   80.00
1103648379         NEWARK                                              94560   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          625,000.00                   80.00
1103648381         MANASSAS                                            20110   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          262,976.00                   38,976.00                      -          280,000.00                   80.00
1103648382         REDONDO BEACH                                       90278   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    592,000.00                    592,000.00   First Lien                                    -          734,968.00                  142,968.00                      -          740,000.00                   80.00
1103648383         PHOENIX                                             85029   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103648384         DANA POINT                                          92629   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    609,000.00                    609,000.00   First Lien                                    -          609,000.00                           -                      -          785,000.00                   77.58
1103648385         PASADENA                                            91103   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    386,750.00                    386,750.00   First Lien                                    -          446,726.00                   59,976.00                      -          595,000.00                   65.00
1103648386         PETALUMA                                            94952   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103648387         LAGUNA HILLS                                        92653   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    856,000.00                    856,000.00   First Lien                                    -        1,055,983.00                  199,983.00                      -        1,070,000.00                   80.00
1103648388         GUERNEVILLE                                         95446   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    980,000.00                    980,000.00   First Lien                                    -        1,044,925.00                   64,925.00                      -        1,225,000.00                   80.00
1103648389         UNION CITY                                          94587   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    233,200.00                    233,200.00   First Lien                                    -          291,500.00                   58,300.00             291,499.00          291,499.00                   80.00
1103648390         SAN DIEGO                                           92119   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    257,400.00                    257,400.00   First Lien                                    -          323,148.00                   65,748.00                      -          325,000.00                   79.20
1103648391         BOWIE                                               20721   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103648392         EAST PALO ALTO                                      94303   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,800.00                    360,800.00   First Lien                                    -          451,000.00                   90,200.00             451,000.00          451,000.00                   80.00
1103648393         MARLTON                                              8053   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    212,000.00                    212,000.00   First Lien                                    -          238,500.00                   26,500.00                      -          265,000.00                   80.00
1103648394         PHOENIX                                             85016   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    623,000.00                    623,000.00   First Lien                                    -          756,500.00                  133,500.00             890,000.00          900,000.00                   70.00
1103648396         SAN JOSE                                            95111   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    296,000.00   First Lien                                    -          325,970.00                   29,970.00                      -          370,000.00                   80.00
1103648397         SALINAS                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103648398         NEWBURY PORT                                         1950   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          550,000.00                   80.00
1103648399         PHOENIX                                             85018   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          314,000.00                   80.00
1103648406         GLENDALE                                            91206   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    591,500.00                    590,896.94   First Lien                                    -          591,500.00                           -             910,000.00          925,000.00                   65.00
1103648412         SACRAMENTO                                          95842   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          300,000.00                   79.33
1103648413         OROVILLE                                            95965   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -             240,000.00          245,000.00                   80.00
1103648421         SUN CITY AREA                                       92586   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,300.00                    128,300.00   First Lien                                    -          128,300.00                           -                      -          195,000.00                   65.79
1103648429         NORTH BEND                                          98045   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    148,000.00                    147,845.48   First Lien                                    -          148,000.00                           -                      -          185,000.00                   80.00
1103648430         KAHULUI                                             96732   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    466,750.00                    466,750.00   First Lien                                    -          583,450.00                  116,700.00             583,469.00          610,000.00                   80.00
1103648442         SAN JUAN CAPISTRANO                                 92675   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,700.00                    273,700.00   First Lien                                    -          364,950.00                   91,250.00             365,000.00          375,000.00                   74.99
1103648445         FORT WALTON BEACH                                   32548   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    521,000.00                    521,000.00   First Lien                                    -          707,400.00                  186,400.00                      -          785,000.00                   66.37
1103648448         LODI                                                95240   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    337,500.00                    337,194.90   First Lien                                    -          337,500.00                           -                      -          490,000.00                   68.88
1103648466         MIAMI                                               33168   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          227,000.00                   80.00
1103648469         FORESTVILLE                                         20747   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          639,500.00                   80.00
1103648474         PORTLAND                                            97203   OR                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          200,000.00                   80.00
1103648476         NOVATO                                              94947   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          760,000.00                   65.79
1103648486         ANAHEIM                                             92808   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          490,000.00                   76.53
1103648495         HUNTINGTON PARK                                     90255   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    359,000.00                    358,675.46   First Lien                                    -          359,000.00                           -                      -          550,000.00                   65.27
1103648498         CAMERON PARK                                        95682   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          585,000.00                   65,000.00             650,000.00          650,000.00                   80.00
1103648533         ORANGE                                              92286   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,625.00                    257,625.00   First Lien                                    -          326,325.00                   68,700.00             343,500.00          345,000.00                   75.00
1103648551         PROVO                                               84606   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,600.00                    152,600.00   First Lien                                    -          152,600.00                           -                      -          218,000.00                   70.00
1103648577         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00             600,000.00          605,000.00                   80.00
1103648585         BLYTHE                                              92225   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    127,500.00                    127,398.04   First Lien                                    -          127,500.00                           -                      -          170,000.00                   75.00
1103648593         DESERT HOT SPRINGS                                  92240   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    285,600.00                    285,600.00   First Lien                                    -          357,000.00                   71,400.00                      -          357,000.00                   80.00
1103648613         PHOENIX                                             85037   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,400.00                    170,270.34   First Lien                                    -          170,400.00                           -                      -          213,000.00                   80.00
1103648620         GULFPORT                                            39507   MS                       20070301                20370201    ARMS                   No                                          360                    360                          359                    278,000.00                    278,000.00   First Lien                                    -          278,000.00                           -             309,000.00          430,000.00                   89.97
1103648628         OCALA                                               34474   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          175,000.00                   80.00
1103648685         CHULA VISTA                                         91915   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    448,500.00                    448,500.00   First Lien                                    -          448,500.00                           -                      -          720,000.00                   62.29
1103648707         BALTIMORE                                           21229   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          123,000.00                   81.30
1103648735         PARKLAND                                            33076   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    652,000.00                    652,000.00   First Lien                                    -          815,000.00                  163,000.00             815,000.00          870,000.00                   80.00
1103648776         MISSION VIEJO                                       92692   CA                       20070401                20270301    FIXED                  No                                          240                    240                          240                    251,630.00                    251,630.00   First Lien                                    -          251,630.00                           -                      -          750,000.00                   33.55
1103648812         RIALTO                                              92376   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    235,000.00                    234,777.02   First Lien                                    -          235,000.00                           -                      -          400,000.00                   58.75
1103648822         CARY                                                27511   NC                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,250.00                    280,250.00   First Lien                                    -          280,250.00                           -             295,000.00          297,000.00                   95.00
1103648825         MC MINNVILLE                                        37110   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                     95,200.00                     95,151.16   First Lien                                    -           95,200.00                           -                      -          119,000.00                   80.00
1103648844         DAVIE                                               33314   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    137,600.00                    137,600.00   First Lien                                    -          172,000.00                   34,400.00             172,000.00          174,000.00                   80.00
1103648845         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,300.00                    241,300.00   First Lien                                    -          241,300.00                           -                      -          450,000.00                   53.62
1103648850         SANTA CRUZ                                          95060   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          866,000.00                   51.96
1103648862         SAN JOSE                                            95124   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          680,000.00                           -                      -          850,000.00                   80.00
1103648875         MIAMI                                               33161   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,500.00   First Lien                                    -          315,000.00                   52,500.00             350,000.00          350,000.00                   75.00
1103648884         OPA LOCKA                                           33054   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          240,000.00                   62.50
1103648916         MIDDLEBURG                                          32068   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    199,500.00                    199,500.00   First Lien                                    -          199,500.00                           -                      -          210,000.00                   95.00
1103648937         DENVER                                              80210   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          490,000.00                           -                      -          920,000.00                   53.26
1103648946         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    261,000.00                    261,000.00   First Lien                                    -          326,250.00                   65,250.00             326,285.00          327,000.00                   79.99
1103648956         LOS ANGELES                                         90024   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,926,000.00                  1,926,000.00   First Lien                                    -        1,926,000.00                           -           3,210,000.00        3,210,000.00                   60.00
1103648960         RIALTO                                              92377   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          408,500.00                   64,500.00                      -          430,000.00                   80.00
1103648961         FERNLEY                                             89408   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          204,000.00                           -                      -          255,000.00                   80.00
1103648967         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          445,500.00                   49,500.00             495,000.00          505,000.00                   80.00
1103648972         RENO                                                89506   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,250.00   First Lien                                    -          247,500.00                   41,250.00                      -          275,000.00                   75.00
1103648978         SAN PABLO                                           94806   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    436,000.00                    435,815.56   First Lien                                    -          495,400.00                   59,400.00                      -          545,000.00                   80.00
1103648980         TRACY                                               95377   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          620,000.00                   74.03
1103648993         WALDORF                                             20602   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    290,250.00                    290,250.00   First Lien                                    -          290,250.00                           -                      -          387,000.00                   75.00
1103649004         FOUNTAIN HILLS                                      85268   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          536,000.00                  119,000.00                      -          596,000.00                   69.97
1103649006         SAN DIEGO                                           92110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00             385,000.00          385,000.00                   80.00
1103649017         ARLINGTON                                           22201   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,275,000.00                   50.98
1103649024         UNION CITY                                           7087   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,000.00                    359,697.56   First Lien                                    -          450,000.00                   90,000.00             450,000.00          475,000.00                   80.00
1103649033         RICHMOND                                            94801   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103649070         FORT MYERS                                          33908   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,100.00                    228,100.00   First Lien                                    -          270,850.00                   42,750.00             285,175.00          287,000.00                   79.99
1103649074         CHICO                                               95928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          243,000.00                   27,000.00             270,000.00          270,000.00                   80.00
1103649079         (SUN VALLEY) LOS ANGELES                            91352   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    647,000.00                    647,000.00   First Lien                                    -          647,000.00                           -                      -        1,100,000.00                   58.82
1103649080         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
1103649084         OPA LOCKA                                           33056   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          280,000.00                   60.00
1103649099         CANYON COUNTRY                                      91387   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    675,000.00                    674,311.81   First Lien                                    -          675,000.00                           -                      -          875,000.00                   77.14
1103649101         VISTA                                               92083   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    287,677.28   First Lien                                    -          288,000.00                           -                      -          480,000.00                   60.00
1103649102         SAN DIEGO                                           92105   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          384,000.00                           -                      -          480,000.00                   80.00
1103649109         DANVILLE                                            94506   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    485,000.00                    484,528.61   First Lien                                    -          485,000.00                           -             895,000.00          910,000.00                   54.19
1103649122         SOUTH GATE                                          90280   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    460,800.00                    460,800.00   First Lien                                    -          460,800.00                           -                      -          576,000.00                   80.00
1103649124         LOS ANGELES                                         90011   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          325,000.00                   69.23
1103649134         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -          455,000.00                   69.89
1103649146         JACKSONVILLE                                        32220   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,500.00                    225,500.00   First Lien                                    -          225,500.00                           -             237,395.00          237,395.00                   94.99
1103649149         PASADENA                                            91104   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    321,000.00                    321,000.00   First Lien                                    -          321,000.00                           -                      -          725,000.00                   44.28
1103649156         GAINESVILLE                                         32609   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    105,750.00                    105,750.00   First Lien                                    -          126,900.00                   21,150.00                      -          141,000.00                   75.00
1103649158         NORTH HOLLYWOOD                                     91606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,700.00                    336,700.00   First Lien                                    -          336,700.00                           -                      -          518,000.00                   65.00
1103649162         BUCKEYE                                             85396   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,000.00                    639,000.00   First Lien                                    -          724,200.00                   85,200.00                      -          852,000.00                   75.00
1103649166         TRABUCO CANYON                                      92679   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    522,250.00                    522,250.00   First Lien                                    -          622,250.00                  100,000.00                      -          762,000.00                   68.54
1103649173         NASHVILLE                                           37209   TN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    113,000.00                    113,000.00   First Lien                                    -          113,000.00                           -                      -          163,000.00                   69.33
1103649198         FREMONT                                             94538   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    409,000.00                    409,000.00   First Lien                                    -          409,000.00                           -                      -          715,000.00                   57.20
1103649227         MORENO VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,500.00                    290,500.00   First Lien                                    -          290,500.00                           -                      -          415,000.00                   70.00
1103649235         STOCKTON                                            95210   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          337,500.00                   37,500.00             375,000.00          375,000.00                   80.00
1103649237         VANCOUVER                                           98683   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,000.00                    169,830.76   First Lien                                    -          170,000.00                           -                      -          295,000.00                   57.63
1103649254         WALNUT                                              91789   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    479,500.00                    479,055.88   First Lien                                    -          479,500.00                           -                      -          685,000.00                   70.00
1103649265         RANCHO CUCAMONGA                                    91737   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          490,000.00                   69.39
1103649266         SAN DIEGO                                           92123   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          409,500.00                   68,250.00                      -          455,000.00                   75.00
1103649271         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          545,000.00                   62.39
1103649332         POLLOCK PINES                                       95726   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    224,765.09   First Lien                                    -          225,000.00                           -                      -          400,300.00                   56.21
1103649342         DALY CITY                                           94014   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          960,000.00                   55.00
1103649369         MIRA LOMA                                           91752   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          380,000.00                   52.63
1103649376         SAN LORENZO                                         94580   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,700.00                    360,700.00   First Lien                                    -          360,700.00                           -                      -          555,000.00                   64.99
1103649379         GARDEN GROVE                                        92841   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          850,000.00                   52.94
1103649392         MIRA LOMA                                           91752   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    576,000.00                    576,000.00   First Lien                                    -          720,000.00                  144,000.00             720,000.00          720,000.00                   80.00
1103649399         SCHILLER PARK                                       60176   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    224,796.60   First Lien                                    -          225,000.00                           -                      -          350,000.00                   64.29
1103649410         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
1103649424         DALY CITY                                           94015   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    382,500.00                    382,500.00   First Lien                                    -          382,500.00                           -                      -          425,000.00                   90.00
1103649480         UPLAND                                              91786   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,999.00                    599,999.00   First Lien                                    -          749,999.00                  150,000.00             749,999.00          750,000.00                   80.00
1103649484         SANGER                                              93657   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    251,950.00                    251,693.13   First Lien                                    -          335,900.00                   83,950.00             335,953.00          336,000.00                   75.00
1103649515         INGLEWOOD                                           90305   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    350,000.00                    349,830.13   First Lien                                    -          350,000.00                           -                      -          501,000.00                   69.86
1103649517         EL SOBRANTE                                         94803   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
1103649526         NEWPORT BEACH                                       92660   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          648,000.00                  100,000.00                      -          950,000.00                   57.68
1103649528         LAKEWOOD                                            90712   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103649537         IRVINE                                              92620   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    412,500.00                    412,500.00   First Lien                                    -          522,500.00                  110,000.00             550,000.00          550,000.00                   75.00
1103649556         LADERA RANCH                                        92694   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          685,000.00                  137,000.00             685,000.00          685,000.00                   80.00
1103649572         SAN DIEGO                                           92154   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
1103649573         ONTARIO                                             91764   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    297,000.00                    297,000.00   First Lien                                    -          297,000.00                           -                      -          440,000.00                   67.50
1103649584         HONOLULU                                            96815   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          567,000.00                   63,000.00             630,000.00          645,000.00                   80.00
1103649596         PALMDALE                                            93551   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
1103649624         BRANSON                                             65616   MO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    101,650.00                    101,607.37   First Lien                                    -          101,650.00                           -             107,000.00          107,000.00                   95.00
1103649639         SCOTTSDALE                                          85255   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,211,300.00                  211,300.00           1,345,930.00        1,925,000.00                   74.30
1103649641         VISTA                                               92081   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    748,000.00                    748,000.00   First Lien                                    -          848,000.00                  100,000.00                      -        1,225,000.00                   61.06
1103649684         CORONA                                              92879   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    482,400.00                    482,400.00   First Lien                                    -          603,000.00                  120,600.00             603,000.00          603,000.00                   80.00
1103649706         HAYWARD                                             94542   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -        1,000,000.00                   53.00
1103649708         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          435,000.00                   80.00
1103649723         SOUTH SAN FRANCISCO                                 94080   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    597,000.00                    597,000.00   First Lien                                    -          597,000.00                           -                      -          930,000.00                   64.19
1103649727         RIALTO                                              92377   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    366,800.00                    366,800.00   First Lien                                    -          366,800.00                           -                      -          470,000.00                   78.04
1103649746         CHULA VISTA                                         91911   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             590,000.00          575,000.00                   80.00
1103649785         ALHAMBRA                                            91803   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    415,200.00                    415,200.00   First Lien                                    -          519,000.00                  103,800.00             519,000.00          530,000.00                   80.00
1103649796         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -             800,000.00          800,000.00                   80.00
1103649797         SAN JUAN CAPISTRANO                                 92675   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          490,000.00                   61.22
1103649811         COVINA                                              91722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00             435,000.00          435,000.00                   80.00
1103649812         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    511,000.00                    511,000.00   First Lien                                    -          511,000.00                           -                      -          730,000.00                   70.00
1103649818         WOODLAND HILLS                                      91367   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    809,000.00                    808,135.13   First Lien                                    -          809,000.00                           -                      -        1,100,000.00                   73.55
1103649860         RANCHO CUCAMONGA                                    91701   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,000.00                    337,000.00   First Lien                                    -          412,000.00                   75,000.00                      -          660,000.00                   51.06
1103649867         HEMET                                               92544   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          650,000.00                   37.69
1103649868         YUCAIPA                                             92399   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          384,000.00                   76,000.00                      -          385,000.00                   80.00
1103649869         ANAHEIM                                             92807   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    606,900.00                    606,900.00   First Lien                                    -          678,300.00                   71,400.00             714,000.00          714,000.00                   85.00
1103649872         STANTON                                             90680   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    577,500.00                    577,500.00   First Lien                                    -          770,000.00                  192,500.00             770,000.00          775,000.00                   75.00
1103649873         UNINCORPORATED AREA OF AZ                           91702   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    415,000.00                    414,811.90   First Lien                                    -          415,000.00                           -                      -          575,000.00                   72.17
1103649879         CARMEL BY THE SEA                                   93921   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -        2,000,000.00                   21.00
1103649881         POMONA                                              91766   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          420,000.00                   54.76
1103649887         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
1103649888         NORTHRIDGE                                          91324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    366,000.00                    366,000.00   First Lien                                    -          366,000.00                           -                      -          685,000.00                   53.43
1103649899         LOS ANGELES                                         90034   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    483,000.00                    482,507.56   First Lien                                    -          483,000.00                           -                      -        1,380,000.00                   35.00
1103649902         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    384,000.00                    384,000.00   First Lien                                    -          384,000.00                           -                      -          480,000.00                   80.00
1103649909         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,500.00   First Lien                                    -          315,000.00                   52,500.00                      -          350,000.00                   75.00
1103649938         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    127,425.00                    127,425.00   First Lien                                    -          161,405.00                   33,980.00             169,900.00          170,000.00                   75.00
1103649967         SAN FRANCISCO                                       94117   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -             999,999.00        1,000,000.00                   60.00
1103649971         PORT SAINT LUCIE                                    34983   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    165,200.00                    165,200.00   First Lien                                    -          206,500.00                   41,300.00             206,500.00          230,000.00                   80.00
1103649973         ALAMEDA                                             94501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    605,000.00                    605,000.00   First Lien                                    -          605,000.00                           -             998,000.00          998,000.00                   60.62
1103649988         DENVER                                              80210   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    427,500.00                    427,500.00   First Lien                                    -          427,500.00                           -             475,000.00          475,000.00                   90.00
1103649990         AURORA                                              80010   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,250.00                    116,250.00   First Lien                                    -          147,250.00                   31,000.00             155,000.00          155,000.00                   75.00
1103650023         FONTANA                                             92337   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    324,000.00                    323,876.56   First Lien                                    -          324,000.00                           -                      -          406,000.00                   79.80
1103650040         OCEAN CITY                                          21842   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          250,000.00                   60.00
1103650046         ESCONDIDO                                           92026   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    309,000.00                    309,000.00   First Lien                                    -          309,000.00                           -                      -          610,000.00                   50.66
1103650048         TACOMA                                              98402   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,783.04   First Lien                                    -          260,000.00                   20,000.00                      -          300,000.00                   80.00
1103650049         FULLERTON                                           92833   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    439,200.00                    439,200.00   First Lien                                    -          549,000.00                  109,800.00             549,000.00          549,000.00                   80.00
1103650067         OROVILLE                                            95966   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    317,600.00                    317,600.00   First Lien                                    -          357,300.00                   39,700.00             397,000.00          397,000.00                   80.00
1103650095         RIO RANCHO                                          87124   NM                       20070301                20370201    FIXED                  No                                          360                    360                          359                    222,500.00                    222,301.77   First Lien                                    -          222,500.00                           -                      -          290,000.00                   76.72
1103650097         UPLAND                                              91784   CA                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    519,000.00                    519,000.00   First Lien                                    -          519,000.00                           -             648,800.00          648,800.00                   79.99
1103650106         FRESNO                                              93727   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          237,000.00                   59.07
1103650177         LOS ANGELES                                         90022   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    348,750.00                    348,750.00   First Lien                                    -          348,750.00                           -                      -          465,000.00                   75.00
1103650180         VALLEJO                                             94590   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,000.00                    232,000.00   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103650187         VACAVILLE                                           95687   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    209,000.00                    209,000.00   First Lien                                    -          209,000.00                           -             410,000.00          407,000.00                   51.35
1103650202         FAIRFIELD                                           94534   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,900.00                    257,900.00   First Lien                                    -          257,900.00                           -                      -          447,000.00                   57.70
1103650206         HIGHLAND                                            92346   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,500.00                    205,323.07   First Lien                                    -          205,500.00                           -                      -          295,000.00                   69.66
1103650216         YORBA LINDA                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00                      -          600,000.00                   80.00
1103650226         (TEHACHAPI AREA)                                    93561   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    150,000.00                    149,467.53   First Lien                                    -          150,000.00                           -                      -          550,000.00                   27.27
1103650236         NEWPORT NEWS                                        23602   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    203,000.00                    202,886.19   First Lien                                    -          203,000.00                           -                      -          258,000.00                   78.68
1103650238         SAN DIEGO                                           92117   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
1103650239         DUARTE                                              91010   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          625,000.00                   62.40
1103650243         IRVINE                                              92620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,500,000.00                  1,500,000.00   First Lien                                    -        1,700,000.00                  200,000.00           2,000,000.00        2,000,000.00                   75.00
1103650284         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          555,000.00                   33.33
1103650286         STEVENSON RANCH                                     91381   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    489,000.00                    489,000.00   First Lien                                    -          489,000.00                           -             815,000.00          815,000.00                   60.00
1103650297         HAYWARD                                             94541   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
1103650303         ROCKLIN                                             95765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -             568,000.00          568,000.00                   79.58
1103650350         WHITTIER                                            90603   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    276,200.00                    275,925.04   First Lien                                    -          276,200.00                           -                      -          550,000.00                   50.22
1103650364         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    407,000.00                    407,000.00   First Lien                                    -          407,000.00                           -                      -        1,175,000.00                   34.64
1103650367         LOS ANGELES                                         90027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    627,750.00                    627,750.00   First Lien                                    -          753,300.00                  125,550.00             837,000.00          850,000.00                   75.00
1103650381         HAWTHORNE                                           90250   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
1103650382         BLACK DIAMOND                                       98010   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    475,000.00                    475,000.00   First Lien                                    -          475,000.00                           -                      -          747,000.00                   63.59
1103650432         SAN DIEGO                                           92120   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    193,000.00                    193,000.00   First Lien                                    -          193,000.00                           -                      -          275,000.00                   70.18
1103650435         PALMDALE                                            93550   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          410,000.00                   76.83
1103650449         DAVENPORT                                           33837   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,800.00                    248,800.00   First Lien                                    -          248,800.00                           -             355,453.00          356,000.00                   70.00
1103650456         LAUDERHILL                                          33311   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    122,500.00                    122,500.00   First Lien                                    -          122,500.00                           -                      -          175,000.00                   70.00
1103650462         MODESTO                                             95351   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    181,500.00                    181,500.00   First Lien                                    -          181,500.00                           -                      -          330,000.00                   55.00
1103650481         KAILUA                                              96734   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    498,750.00                    498,750.00   First Lien                                    -          498,750.00                           -                      -          665,000.00                   75.00
1103650503         RIVERSIDE                                           92507   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          244,000.00                           -                      -          311,000.00                   78.46
1103650514         SHERMAN OAKS                                        91423   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    454,500.00                    454,500.00   First Lien                                    -          454,500.00                           -                      -          800,000.00                   56.81
1103650519         MERRICK                                             11566   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -             446,000.00          499,000.00                   78.48
1103650522         ROMULUS                                             48174   MI                       20070301                20220201    FIXED                  No                                          180                    180                          179                    111,000.00                    110,626.39   First Lien                                    -          111,000.00                           -                      -          195,000.00                   56.92
1103650528         VAN NUYS                                            91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          660,000.00                  132,000.00             660,000.00          660,000.00                   80.00
1103650536         ACWORTH                                             30101   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    328,950.00                    328,622.53   First Lien                                    -          328,950.00                           -                      -          425,000.00                   77.40
1103650544         HACIENDA HEIGHTS AREA                               91745   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -             430,000.00          445,000.00                   80.00
1103650557         ESCONDIDO                                           92025   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,000.00                    257,000.00   First Lien                                    -          257,000.00                           -                      -          414,000.00                   62.08
1103650570         POMONA                                              91766   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          449,000.00                   80.00
1103650588         WHITTIER                                            90601   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    319,641.42   First Lien                                    -          320,000.00                           -                      -          400,000.00                   80.00
1103650592         CARLSBAD                                            92009   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -        1,050,000.00                   47.14
1103650600         PERRIS                                              92571   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          400,000.00                   80.00
1103650607         FULLERTON                                           92833   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          800,000.00                   25.00
1103650613         SAN JACINTO                                         92582   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    279,352.00                    279,352.00   First Lien                                    -          349,190.00                   69,838.00             349,190.00          351,000.00                   80.00
1103650619         SANTA CLARITA                                       91355   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    255,950.00                    255,689.05   First Lien                                    -          255,950.00                           -             319,999.00          340,000.00                   79.98
1103650626         HAWTHORNE                                           90250   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    314,728.79   First Lien                                    -          315,000.00                           -                      -          990,000.00                   31.82
1103650627         LOS ANGELES                                         91335   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    385,000.00                    384,249.69   First Lien                                    -          385,000.00                           -                      -          560,000.00                   68.75
1103650628         SAN FRANCISCO                                       94134   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    532,000.00                    531,011.90   First Lien                                    -          532,000.00                           -                      -          725,000.00                   73.38
1103650629         EUREKA                                              95503   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    160,000.00                    159,858.83   First Lien                                    -          180,000.00                   20,000.00             200,000.00          200,000.00                   80.00
1103650630         PASADENA                                            91103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    336,000.00                    335,688.79   First Lien                                    -          443,472.00                  107,472.00                      -          480,000.00                   70.00
1103650631         ALAMEDA                                             94502   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    446,250.00                    446,250.00   First Lien                                    -          560,193.00                  113,943.00                      -          595,000.00                   75.00
1103650632         SAN FRANCISCO                                       94116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    489,000.00                    488,557.93   First Lien                                    -          489,000.00                           -                      -          785,000.00                   62.29
1103650633         PACIFICA                                            94044   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    490,000.00                    488,998.39   First Lien                                    -          490,000.00                           -                      -          685,000.00                   71.53
1103650634         RIVERSIDE                                           92506   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          575,000.00                   69.57
1103650662         LOS ANGELES                                         90048   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    610,000.00                    610,000.00   First Lien                                    -          610,000.00                           -                      -        1,450,000.00                   42.07
1103650706         TORRANCE                                            90502   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          444,000.00                           -                      -          555,000.00                   80.00
1103650712         DANVILLE                                            94506   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    470,000.00                    470,000.00   First Lien                                    -          470,000.00                           -                      -        1,000,000.00                   47.00
1103650724         ROXBURY                                              7850   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    189,000.00                    188,911.82   First Lien                                    -          189,000.00                           -             210,000.00          220,000.00                   90.00
1103650733         NORTH HIGHLANDS                                     95660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,819.19   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103650738         MIAMI                                               33127   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          180,000.00                   72.22
1103650752         LAS VEGAS                                           89102   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    199,500.00                    199,353.71   First Lien                                    -          199,500.00                           -                      -          285,000.00                   70.00
1103650755         NEWARK                                              94560   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          580,000.00                   68.97
1103650788         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    111,000.00                    111,000.00   First Lien                                    -          111,000.00                           -                      -          190,000.00                   58.42
1103650804         OXNARD                                              93030   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    441,000.00                    441,000.00   First Lien                                    -          524,500.00                   83,500.00                      -          630,000.00                   70.00
1103650842         MORENO VALLEY                                       92557   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    317,600.00                    317,600.00   First Lien                                    -          397,000.00                   79,400.00             397,000.00          420,000.00                   80.00
1103650855         ESCONDIDO                                           92027   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          500,000.00                   75.00
1103650863         KISSIMMEE                                           34741   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    117,000.00                    117,000.00   First Lien                                    -          117,000.00                           -                      -          195,000.00                   60.00
1103650869         VALLEJO                                             94589   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          510,000.00                   43.14
1103650882         SAN JOSE                                            95121   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -           1,225,000.00        1,225,000.00                   61.22
1103650889         CORONA                                              92880   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          476,470.00                   59,470.00                      -          530,000.00                   78.68
1103650902         RESEDA AREA OF  LA                                  91335   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    478,400.00                    478,400.00   First Lien                                    -          598,000.00                  119,600.00             598,000.00          600,000.00                   80.00
1103650903         BURLINGAME                                          94010   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    946,000.00                    946,000.00   First Lien                                    -          946,000.00                           -                      -        2,100,000.00                   45.05
1103650916         LA JOLLA                                            92037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    647,500.00                    647,500.00   First Lien                                    -          647,500.00                           -                      -          925,000.00                   70.00
1103650917         LAKE ELSINORE                                       92532   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    367,200.00                    367,200.00   First Lien                                    -          459,000.00                   91,800.00             459,000.00          480,000.00                   80.00
1103650921         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          465,000.00                   52.69
1103650922         SAN CLEMENTE                                        92672   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,800.00                    416,800.00   First Lien                                    -          416,800.00                           -             521,000.00          525,000.00                   80.00
1103650933         STATEN ISLAND                                       10303   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
1103650935         FONTANA                                             92335   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,000.00                    142,000.00   First Lien                                    -          142,000.00                           -                      -          410,000.00                   34.63
1103650943         GREENACRES                                          33463   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          260,000.00                   82.69
1103650944         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    366,600.00                    366,600.00   First Lien                                    -          366,600.00                           -             488,900.00          488,900.00                   74.98
1103650945         LA JOLLA                                            92037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,500.00                    248,500.00   First Lien                                    -          248,500.00                           -                      -          915,000.00                   27.16
1103650965         TAMPA                                               33610   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          171,000.00                   70.18
1103650995         LA HABRA                                            90631   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    290,400.00                    290,400.00   First Lien                                    -          344,800.00                   54,400.00             363,000.00          363,000.00                   80.00
1103650998         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,000.00                    274,000.00   First Lien                                    -          342,500.00                   68,500.00             342,500.00          343,000.00                   80.00
1103651009         SAN JOSE                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    323,400.00                    323,400.00   First Lien                                    -          323,400.00                           -                      -          462,000.00                   70.00
1103651015         ANAHEIM                                             92801   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    135,000.00                    134,560.02   First Lien                                    -          135,000.00                           -                      -          577,000.00                   23.40
1103651031         LAKE FOREST                                         92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
1103651035         CHICO                                               95973   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00             275,000.00          275,000.00                   80.00
1103651050         LEXINGTON                                           29073   SC                       20070301                20370201    ARMS                   No                                          360                    360                          359                     73,500.00                     73,500.00   First Lien                                    -           73,500.00                           -                      -           98,000.00                   75.00
1103651065         CANYON LAKE                                         92587   CA                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,500.00                   80.00
1103651066         GALLOWAY                                             8205   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,000.00                     99,942.46   First Lien                                    -          100,000.00                           -                      -          125,000.00                   80.00
1103651079         GOODYEAR                                            85338   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,400.00                    120,400.00   First Lien                                    -          120,400.00                           -                      -          234,000.00                   51.45
1103651093         CORONA                                              92883   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,373.56   First Lien                                    -          600,000.00                           -                      -          865,000.00                   69.36
1103651104         CUMMING                                             30041   GA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    694,000.00                    694,000.00   First Lien                                    -          694,000.00                           -                      -          890,000.00                   77.98
1103651105         LONG BEACH                                          90805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          450,000.00                   54.89
1103651107         TUCSON                                              85716   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    135,750.00                    135,750.00   First Lien                                    -          171,950.00                   36,200.00                      -          181,000.00                   75.00
1103651114         SALT LAKE CITY                                      84111   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,700.00                    140,700.00   First Lien                                    -          167,050.00                   26,350.00             175,875.00          195,500.00                   80.00
1103651159         BEL AIR                                             21014   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,000.00                    147,000.00   First Lien                                    -          189,000.00                   42,000.00             210,000.00          320,000.00                   70.00
1103651169         MINNEAPOLIS                                         55417   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    164,400.00                    164,400.00   First Lien                                    -          164,400.00                           -             205,500.00          205,500.00                   80.00
1103651175         LOS ANGELES                                         90059   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          385,000.00                   59.74
1103651216         HAMPDEN                                              4444   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                    330,500.00                    330,170.99   First Lien                                    -          330,500.00                           -                      -          484,000.00                   68.29
1103651228         SAN DIEGO                                           92118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    663,000.00                    663,000.00   First Lien                                    -          663,000.00                           -                      -        1,250,000.00                   53.04
1103651231         STEAMBOAT SPRINGS                                   80487   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    329,600.00                    329,373.17   First Lien                                    -          329,600.00                           -             412,000.00          415,000.00                   80.00
1103651233         FRESNO                                              93722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,200.00                    211,200.00   First Lien                                    -          211,200.00                           -                      -          264,000.00                   80.00
1103651234         LOS ANGELES                                         90011   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    264,000.00                    263,899.42   First Lien                                    -          264,000.00                           -                      -          600,000.00                   44.00
1103651241         ROWLAND HEIGHTS                                     91748   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    378,750.00                    378,750.00   First Lien                                    -          378,750.00                           -                      -          505,476.00                   74.93
1103651255         LOS ALTOS                                           94024   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,900,000.00                   34.21
1103651257         JULIAN                                              92036   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          385,000.00                   61.30
1103651269         BROOKLYN                                            11234   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          247,500.00                           -                      -          450,000.00                   55.00
1103651270         IMPERIAL                                            92251   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    270,000.00                    269,913.84   First Lien                                    -          270,000.00                           -                      -          360,000.00                   75.00
1103651295         UPLAND                                              91786   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          380,000.00                   67.11
1103651312         LAKEWOOD                                            90713   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    274,000.00                    273,871.47   First Lien                                    -          274,000.00                           -                      -          680,000.00                   40.29
1103651316         BRAWLEY                                             92227   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          200,000.00                   80.00
1103651317         LANCASTER                                           93536   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          376,000.00                           -                      -          470,000.00                   80.00
1103651335         ONTARIO                                             91764   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    219,900.00                    219,900.00   First Lien                                    -          219,900.00                           -             299,900.00          315,000.00                   73.32
1103651346         MORENO VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
1103651347         BRAWLEY                                             92227   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          240,000.00                   75.00
1103651348         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          555,000.00                   44.50
1103651349         COSTA MESA                                          92626   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
1103651354         LITTLETON                                           80127   CO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          273,000.00                   64.10
1103651365         RIPON                                               95366   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,500.00                    390,500.00   First Lien                                    -          390,500.00                           -                      -          545,000.00                   71.65
1103651389         CERRITOS                                            90703   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    317,000.00                    317,000.00   First Lien                                    -          317,000.00                           -                      -          798,000.00                   39.72
1103651390         LOS ANGELES                                         90018   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          516,000.00                   52.33
1103651429         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          525,000.00                  108,000.00                      -          525,000.00                   79.43
1103651432         GARDEN GROVE                                        92845   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,050.00                    487,050.00   First Lien                                    -          487,050.00                           -                      -          615,000.00                   79.20
1103651466         REDLANDS                                            92374   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    780,000.00                    780,000.00   First Lien                                    -        1,140,000.00                  360,000.00           1,200,000.00        1,200,000.00                   65.00
1103651481         RANCHO CUCAMONGA                                    91730   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    147,700.00                    147,700.00   First Lien                                    -          147,700.00                           -                      -          371,000.00                   39.81
1103651489         MURRIETA                                            92562   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -        1,400,000.00                   42.86
1103651490         ONTARIO                                             91761   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    139,873.43   First Lien                                    -          140,000.00                           -                      -          460,000.00                   30.43
1103651522         FRESNO                                              93730   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    303,960.00                    303,960.00   First Lien                                    -          303,960.00                           -             379,950.00          380,000.00                   80.00
1103651535         BUENA PARK                                          90620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
1103651541         MEDFORD                                             97504   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    147,500.00                    147,500.00   First Lien                                    -          147,500.00                           -                      -          250,000.00                   59.00
1103651556         LOS ANGELES (WEST HILLS A                           91307   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          580,000.00                   73.79
1103651562         PALMDALE                                            93550   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    271,200.00                    271,200.00   First Lien                                    -          339,000.00                   67,800.00             339,000.00          350,000.00                   80.00
1103651565         DIAMOND BAR                                         91765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    437,000.00                    437,000.00   First Lien                                    -          437,000.00                           -                      -          750,000.00                   58.27
1103651573         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          510,000.00                   67.65
1103651574         PHELAN AREA                                         92371   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          500,000.00                   72.00
1103651583         MORENO VALLEY                                       92551   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          400,000.00                   90.00
1103651589         WILMINGTON AREA                                     90744   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    292,500.00                    292,500.00   First Lien                                    -          292,500.00                           -                      -          450,000.00                   65.00
1103651613         BAKERSFIELD                                         93307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103651637         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          444,000.00                           -                      -          558,000.00                   79.57
1103651640         LAKEWOOD                                            90712   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          547,000.00                   54.84
1103651651         GROVELAND                                           95321   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    265,000.00                    265,000.00   First Lien                                    -          265,000.00                           -                      -          333,000.00                   79.58
1103651662         YUMA                                                85367   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    144,000.00                    144,000.00   First Lien                                    -          144,000.00                           -                      -          235,000.00                   61.28
1103651663         MAGNA                                               84044   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    134,500.00                    134,387.00   First Lien                                    -          134,500.00                           -                      -          173,000.00                   77.75
1103651664         BRUSH PRAIRIE                                       98606   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    487,500.00                    487,500.00   First Lien                                    -          487,500.00                           -                      -          675,000.00                   72.22
1103651665         NICHOLSON                                           18446   PA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    108,000.00                    107,577.82   First Lien                                    -          135,000.00                   27,000.00                      -          135,000.00                   80.00
1103651666         COLUMBUS                                            43206   OH                       20070201                20370101    FIXED                  No                                          360                    360                          358                     88,000.00                     87,855.30   First Lien                                    -           88,000.00                           -                      -          121,000.00                   72.73
1103651667         GROVEPORT                                           43125   OH                       20070101                20361201    FIXED                  No                                          360                    360                          357                    180,000.00                    179,532.45   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103651668         DALLAS                                              30157   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    156,720.00                    156,585.07   First Lien                                    -          156,720.00                           -             195,900.00          196,000.00                   80.00
1103651669         LAKE GEORGE                                         12845   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                     63,000.00                     62,949.62   First Lien                                    -           63,000.00                           -                      -          525,000.00                   12.00
1103651670         GRAND RAPIDS                                        49508   MI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    128,640.00                    128,640.00   First Lien                                    -          160,800.00                   32,160.00             160,800.00          185,000.00                   80.00
1103651671         FANWOOD                                              7023   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    215,500.00                    215,127.87   First Lien                                    -          215,500.00                           -                      -          380,000.00                   56.71
1103651672         HAYES                                               23072   VA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    144,000.00                    143,881.96   First Lien                                    -          144,000.00                           -                      -          181,000.00                   79.56
1103651673         TAMPA                                               33617   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    119,896.68   First Lien                                    -          120,000.00                           -                      -          182,000.00                   65.93
1103651674         PASADENA                                            91103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    378,800.00                    377,658.28   First Lien                                    -          378,800.00                           -                      -          520,000.00                   72.85
1103651676         FONTANA AREA                                        92335   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -                      -          335,000.00                   32.24
1103651677         RICHMOND                                             4357   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                     95,900.00                     95,900.00   First Lien                                    -           95,900.00                           -                      -          137,000.00                   70.00
1103651678         PALM COAST                                          32164   FL                       20061101                20211001    FIXED                  No                                          180                    180                          175                     59,750.00                     58,755.08   First Lien                                    -           59,750.00                           -                      -          158,000.00                   37.82
1103651679         FORT WORTH                                          76247   TX                       20070201                20370101    FIXED                  No                                          360                    360                          358                    104,800.00                    104,610.01   First Lien                                    -          131,000.00                   26,200.00             131,065.00          131,000.00                   80.00
1103651680         BOCA RATON                                          33428   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    104,800.00                    104,610.01   First Lien                                    -          104,800.00                           -                      -          262,000.00                   40.00
1103651681         PAWLEYS ISLAND                                      29585   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    135,000.00                    134,886.58   First Lien                                    -          135,000.00                           -                      -          400,000.00                   33.75
1103651717         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    239,000.00                    239,000.00   First Lien                                    -          239,000.00                           -                      -          365,000.00                   65.48
1103651723         HYATTSVILLE                                         20785   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          380,000.00                  100,000.00             400,000.00          400,000.00                   70.00
1103651732         DOVER                                                3820   NH                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
1103651736         SANTA ANA                                           92705   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,500.00                    269,500.00   First Lien                                    -          385,000.00                  115,500.00             385,000.00          385,000.00                   70.00
1103651749         BEAUMONT                                            77706   TX                       20070401                20220301    FIXED                  No                                          180                    180                          180                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -             300,000.00          308,000.00                   66.67
1103651760         GULF SHORES                                         36542   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,500.00                    241,500.00   First Lien                                    -          327,700.00                   86,200.00             345,000.00          485,000.00                   70.00
1103651761         TRACY                                               95376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    234,000.00                    234,000.00   First Lien                                    -          234,000.00                           -                      -          395,000.00                   59.24
1103651763         ONTARIO                                             91761   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          405,000.00                   67.90
1103651765         PHOENIX                                             85085   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    692,250.00                    692,250.00   First Lien                                    -          692,250.00                           -                      -        1,250,000.00                   55.38
1103651778         LOS ANGELES                                         90016   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          559,500.00                   55,500.00                      -          630,000.00                   80.00
1103651781         LAS VEGAS                                           89148   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    435,200.00                    435,200.00   First Lien                                    -          435,200.00                           -             544,000.00          544,000.00                   80.00
1103651790         DENVER                                              80209   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          600,000.00                   67.50
1103651797         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,800.00                    272,800.00   First Lien                                    -          341,000.00                   68,200.00             341,000.00          365,000.00                   80.00
1103651822         SAN DIEGO                                           92130   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    565,000.00                    565,000.00   First Lien                                    -          565,000.00                           -                      -          902,000.00                   62.64
1103651832         TUCSON                                              85739   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    552,200.00                    552,200.00   First Lien                                    -          552,200.00                           -           1,164,015.00          950,000.00                   58.13
1103651877         ROYAL PALM BEACH                                    33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,700.00                    137,700.00   First Lien                                    -          137,700.00                           -             153,000.00          208,000.00                   90.00
1103651898         TAMPA                                               33637   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    132,504.00                    132,504.00   First Lien                                    -          132,504.00                           -             165,630.00          166,000.00                   80.00
1103651901         BONITA                                              91902   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          465,000.00                           -                      -          680,000.00                   68.38
1103651905         MANCHESTER TWP                                       8753   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -             120,000.00          125,000.00                   90.00
1103651909         SANTA MARIA                                         93455   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    311,250.00                    311,250.00   First Lien                                    -          394,250.00                   83,000.00                      -          415,000.00                   75.00
1103651923         SAN DIEGO                                           92111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00             425,000.00          425,000.00                   80.00
1103651931         NORFOLK                                             23523   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    167,200.00                    167,200.00   First Lien                                    -          209,000.00                   41,800.00             209,000.00          213,000.00                   80.00
1103651932         IRVINGTON                                            7111   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    304,000.00                    303,696.49   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
1103651934         FAIRVIEW                                             7022   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    356,000.00                    355,657.04   First Lien                                    -          422,750.00                   66,750.00             445,000.00          445,000.00                   80.00
1103651935         PATERSON                                             7501   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00             370,000.00          370,000.00                   80.00
1103651937         NORTH BERGEN                                         7047   NJ                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    240,000.00                    239,816.60   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
1103651939         EAST ORANGE                                          7017   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
1103651941         NORTH BERGEN                                         7047   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    536,000.00                    536,000.00   First Lien                                    -          670,000.00                  134,000.00             670,000.00          670,000.00                   80.00
1103651942         PASSAIC                                              7055   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    388,000.00                    387,108.83   First Lien                                    -          436,500.00                   48,500.00                      -          485,000.00                   80.00
1103651943         LIVINGSTON                                           7039   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    338,000.00                    338,000.00   First Lien                                    -          468,000.00                  130,000.00             520,000.00          533,000.00                   65.00
1103651944         CHESTER                                             23831   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
1103651945         CHESAPEAKE                                          23324   VA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                     96,850.00                     96,717.62   First Lien                                    -          126,650.00                   29,800.00                      -          149,000.00                   65.00
1103651950         SUNNY ISLES AKA SUNNY ISL                           33160   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    144,800.00                    144,800.00   First Lien                                    -          181,000.00                   36,200.00             181,000.00          185,000.00                   80.00
1103651951         ALEXANDRIA                                          22312   VA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    563,500.00                    562,937.44   First Lien                                    -          724,500.00                  161,000.00             805,000.00          810,000.00                   70.00
1103651952         MOUNT VERNON                                        10550   NY                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    362,700.00                    362,237.19   First Lien                                    -          446,400.00                   83,700.00                      -          670,000.00                   54.13
1103651954         REVERE                                               2151   MA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    266,400.00                    266,082.86   First Lien                                    -          333,000.00                   66,600.00             333,000.00          335,000.00                   80.00
1103651955         NEWARK                                               7112   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    273,750.00                    273,585.93   First Lien                                    -          328,500.00                   54,750.00             365,000.00          390,000.00                   75.00
1103651956         NEWARK                                               7106   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    253,500.00                    253,500.00   First Lien                                    -          351,000.00                   97,500.00                      -          390,000.00                   65.00
1103651957         REVERE                                               2151   MA                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    484,000.00                    483,629.10   First Lien                                    -          605,000.00                  121,000.00             605,000.00          605,000.00                   80.00
1103651958         EDISON                                               8817   NJ                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    220,000.00                    219,719.25   First Lien                                    -          220,000.00                           -                      -          330,000.00                   66.67
1103651959         NEWARK                                               7106   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    367,500.00                    366,448.45   First Lien                                    -          472,493.00                  104,993.00                      -          530,000.00                   69.34
1103651960         DANBURY                                              6810   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    207,200.00                    206,687.50   First Lien                                    -          259,000.00                   51,800.00             259,000.00          259,000.00                   80.00
1103651961         PORTSMOUTH                                          23704   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    292,500.00                    292,500.00   First Lien                                    -          331,500.00                   39,000.00                      -          390,000.00                   75.00
1103651963         CLIFTON                                              7012   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          420,000.00                   80.00
1103651964         MOUNT VERNON                                        10550   NY                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          720,000.00                   48.61
1103651965         DANBURY                                              6811   CT                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    288,800.00                    288,583.94   First Lien                                    -          342,950.00                   54,150.00                      -          361,000.00                   80.00
1103651966         PROVIDENCE                                           2908   RI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    284,000.00                    283,543.13   First Lien                                    -          355,000.00                   71,000.00             355,000.00          380,000.00                   80.00
1103651968         NEWARK                                               7107   NJ                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    399,640.00                    399,433.99   First Lien                                    -          499,550.00                   99,910.00             499,550.00          500,000.00                   80.00
1103651969         RIVERDALE                                           20737   MD                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    252,000.00                    251,655.50   First Lien                                    -          299,250.00                   47,250.00                      -          315,000.00                   80.00
1103651970         PROVIDENCE                                           2907   RI                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    301,600.00                    301,444.39   First Lien                                    -          377,000.00                   75,400.00             377,000.00          377,000.00                   80.00
1103651971         COVENTRY                                             2816   RI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          255,000.00                   78.43
1103651972         CENTRAL ISLIP                                       11722   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    289,224.00                    289,224.00   First Lien                                    -          361,530.00                   72,306.00             361,530.00          375,000.00                   80.00
1103651973         WAHINGTON                                            7882   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    204,750.00                    204,750.00   First Lien                                    -          283,500.00                   78,750.00                      -          333,000.00                   61.49
1103651974         WOODHAVEN                                           11421   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    425,000.00                    425,000.00   First Lien                                    -          425,000.00                           -                      -          760,000.00                   55.92
1103651975         FORT WASHINGTON                                     20744   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          381,000.00                   80.00
1103651976         BROOKLYN                                            11208   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    516,000.00                    516,000.00   First Lien                                    -          645,000.00                  129,000.00             645,000.00          645,000.00                   80.00
1103651977         RICHMOND HILL                                       11418   NY                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    592,000.00                    591,647.23   First Lien                                    -          740,000.00                  148,000.00             740,000.00          740,000.00                   80.00
1103651978         DENVER                                              80221   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                     74,320.00                     74,131.60   First Lien                                    -           92,900.00                   18,580.00              92,900.00           95,000.00                   80.00
1103651979         BAY SHORE AKA TOWN OF ISL                           11706   NY                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          470,000.00                   74.47
1103651980         PLAINFIELD                                           7060   NJ                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    243,320.00                    243,164.22   First Lien                                    -          304,150.00                   60,830.00             304,150.00          310,000.00                   80.00
1103651981         MONROE                                               8831   NJ                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    636,000.00                    635,242.86   First Lien                                    -          715,500.00                   79,500.00                      -          795,000.00                   80.00
1103651982         COLORADO SPRINGS                                    80922   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    148,800.00                    148,800.00   First Lien                                    -          176,700.00                   27,900.00                      -          186,000.00                   80.00
1103651983         BRIDGEPORT                                           6608   CT                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    248,000.00                    247,734.23   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
1103651986         JERSEY CITY                                          7307   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          440,000.00                   57.95
1103651987         CLERMONT                                            34711   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    390,850.00                    390,207.40   First Lien                                    -          464,134.00                   73,284.00             488,563.00          525,000.00                   80.00
1103651988         PATERSON                                             7501   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    266,500.00                    266,500.00   First Lien                                    -          307,500.00                   41,000.00                      -          410,000.00                   65.00
1103651989         BROOKLYN                                            11209   NY                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    320,000.00                    319,841.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          425,000.00                   80.00
1103651990         NORTH PORT                                          34288   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,750.00                    183,750.00   First Lien                                    -          232,750.00                   49,000.00             245,000.00          245,000.00                   75.00
1103651991         LEHIGH ACRES                                        33971   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    165,000.00                    165,000.00   First Lien                                    -          198,000.00                   33,000.00             220,000.00          220,000.00                   75.00
1103651992         PORTSMOUTH                                          23703   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    227,040.00                    227,040.00   First Lien                                    -          283,800.00                   56,760.00             283,800.00          283,800.00                   80.00
1103651993         FLORENCE                                            85232   AZ                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    128,000.00                    127,887.60   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
1103651994         RICHMOND                                            23233   VA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    182,200.00                    182,040.00   First Lien                                    -          217,191.00                   34,991.00                      -          243,500.00                   74.83
1103651995         ATTLEBORO                                            2703   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    340,000.00                    340,000.00   First Lien                                    -          419,985.00                   79,985.00                      -          425,000.00                   80.00
1103651996         SAINT ALBANS                                        11412   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    374,400.00                    374,400.00   First Lien                                    -          468,000.00                   93,600.00             468,000.00          470,000.00                   80.00
1103652000         YUCAIPA                                             92399   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    362,000.00                    362,000.00   First Lien                                    -          362,000.00                           -                      -          580,000.00                   62.41
1103652002         WEST FREINDSHIP                                     21794   MD                       20061201                20361101    FIXED                  No                                          360                    360                          356                  1,050,000.00                  1,050,000.00   First Lien                                    -        1,330,000.00                  280,000.00           1,400,000.00        1,400,000.00                   75.00
1103652003         LINCOLN                                              2865   RI                       20061201                20361101    FIXED                  No                                          360                    360                          356                    318,400.00                    317,320.79   First Lien                                    -          398,000.00                   79,600.00                      -          398,000.00                   80.00
1103652004         HIGHTSTOWN                                           8520   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    403,760.00                    403,188.22   First Lien                                    -          547,960.00                  144,200.00             576,800.00          585,000.00                   70.00
1103652005         RICHMOND                                            23231   VA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    109,600.00                    109,366.42   First Lien                                    -          109,600.00                           -                      -          137,000.00                   80.00
1103652006         PORTSMOUTH                                          23703   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    168,000.00                    167,716.91   First Lien                                    -          210,000.00                   42,000.00             210,000.00          214,900.00                   80.00
1103652007         HARTFORD                                             6114   CT                       20070101                20361201    FIXED                  No                                          360                    360                          357                    186,550.00                    186,121.55   First Lien                                    -          243,950.00                   57,400.00                      -          287,000.00                   65.00
1103652008         BROOKLYN                                            11209   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    540,000.00                    538,790.19   First Lien                                    -          648,000.00                  108,000.00                      -          720,000.00                   75.00
1103652009         PASSAIC                                              7055   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    124,850.00                    124,525.72   First Lien                                    -          124,850.00                           -             227,000.00          230,000.00                   55.00
1103652010         MERIDEN                                              6450   CT                       20070201                20370101    FIXED                  No                                          360                    360                          358                    132,275.00                    132,057.51   First Lien                                    -          183,150.00                   50,875.00             203,500.00          210,000.00                   65.00
1103652011         EAST HANOVER                                         7936   NJ                       20070101                20370101    FIXED                  Yes                                         360                    480                          357                    600,000.00                    599,401.01   First Lien                                    -          750,000.00                  150,000.00                      -          750,000.00                   80.00
1103652012         BROOKLYN                                            11215   NY                       20070201                20361201    FIXED                  Yes                                         360                    480                          358                    644,000.00                    643,472.28   First Lien                                    -          644,000.00                           -                      -        1,025,000.00                   62.83
1103652013         EGG HARBOR TOWNSHIP                                  8234   NJ                       20070201                20370101    FIXED                  Yes                                         360                    480                          358                    392,000.00                    391,689.78   First Lien                                    -          465,500.00                   73,500.00                      -          490,000.00                   80.00
1103652014         HILLSBOROUGH                                         8844   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    379,200.00                    379,200.00   First Lien                                    -          474,000.00                   94,800.00             474,000.00          479,000.00                   80.00
1103652015         HOBOKEN                                              7030   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    258,400.00                    257,884.20   First Lien                                    -          323,000.00                   64,600.00                      -          323,000.00                   80.00
1103652019         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00                      -          435,000.00                   80.00
1103652038         RANCHO SANTA MARGARITA                              92688   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          700,000.00                   53.57
1103652039         SAN JOSE                                            95125   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          800,000.00                   61.88
1103652051         COSTA MESA                                          92626   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          787,000.00                   56.54
1103652064         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    361,000.00                    360,665.64   First Lien                                    -          361,000.00                           -                      -          516,000.00                   69.96
1103652072         RANCHO MIRAGE                                       92270   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    568,000.00                    568,000.00   First Lien                                    -          568,000.00                           -                      -          950,000.00                   59.79
1103652094         ONTARIO                                             91761   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    425,000.00                    425,000.00   First Lien                                    -          425,000.00                           -                      -          534,000.00                   79.59
1103652137         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -                      -          390,000.00                   64.62
1103652145         FOUNTAIN VALLEY                                     92708   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    687,900.00                    687,900.00   First Lien                                    -          816,850.00                  128,950.00             859,900.00          865,000.00                   80.00
1103652148         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          540,000.00                   80.00
1103652152         MINNEAPOLIS                                         55407   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,750.00                    141,750.00   First Lien                                    -          179,550.00                   37,800.00             189,000.00          200,000.00                   75.00
1103652188         PERRIS                                              92571   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          415,000.00                   47.71
1103652203         SYLMAR                                              91342   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -                      -          525,000.00                   75.00
1103652230         LAS VEGAS                                           89131   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          681,000.00                  149,000.00                      -          760,000.00                   70.00
1103652243         GARDEN GROVE                                        92843   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          750,000.00                   80.00
1103652245         FONTANA                                             92337   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
1103652246         PORTLAND                                            97215   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,400.00                    149,400.00   First Lien                                    -          149,400.00                           -                      -          270,000.00                   55.33
1103652278         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    319,800.00                    319,800.00   First Lien                                    -          319,800.00                           -             456,900.00          610,000.00                   69.99
1103652290         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    114,000.00                    114,000.00   First Lien                                    -          144,400.00                   30,400.00             152,000.00          152,000.00                   75.00
1103652292         GREENVILLE                                          12083   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
1103652308         LONG BEACH                                          90813   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    451,000.00                    451,000.00   First Lien                                    -          451,000.00                           -                      -          885,000.00                   50.96
1103652314         OXNARD                                              93030   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    620,000.00                    620,000.00   First Lien                                    -          620,000.00                           -                      -          775,000.00                   80.00
1103652320         EL TORO                                             92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          543,750.00                           -                      -          725,000.00                   75.00
1103652324         ORANGE                                              92865   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    455,200.00                    455,200.00   First Lien                                    -          569,000.00                  113,800.00             569,000.00          575,000.00                   80.00
1103652340         VICTORVILLE                                         92392   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          237,500.00                   62,500.00             250,000.00          250,000.00                   70.00
1103652366         RIVERSIDE                                           92504   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          350,000.00                   50.00
1103652369         RIVERSIDE                                           92506   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    212,000.00                    212,000.00   First Lien                                    -          212,000.00                           -                      -          400,000.00                   53.00
1103652385         PINON HILLS                                         92372   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          308,750.00                   48,750.00             325,000.00          335,000.00                   80.00
1103652406         INDIO                                               92201   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             400,000.00          415,000.00                   80.00
1103652410         LOS ANGELES                                         90018   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    418,500.00                    418,500.00   First Lien                                    -          418,500.00                           -                      -          574,000.00                   72.91
1103652434         LA CRESCENTA AREA                                   91214   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             428,000.00          428,000.00                   74.77
1103652500         PASO ROBLES                                         93446   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    339,500.00                    339,500.00   First Lien                                    -          436,500.00                   97,000.00                      -          485,000.00                   70.00
1103652506         LAKE FOREST                                         92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          525,000.00                   29,000.00                      -          620,000.00                   80.00
1103652509         PORT RICHEY                                         34668   FL                       20070401                20220301    FIXED                  No                                          180                    180                          180                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          155,000.00                   67.74
1103652595         LOS ANGELES                                         90004   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    749,000.00                    749,000.00   First Lien                                    -          939,000.00                  190,000.00             950,000.00          950,000.00                   78.84
1103652604         CAPE CORAL                                          33990   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,650.00                    230,650.00   First Lien                                    -          280,050.00                   49,400.00                      -          329,500.00                   70.00
1103652642         TEMPE                                               85282   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          274,500.00                   30,500.00                      -          305,000.00                   80.00
1103652655         CALEXICO                                            92231   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    188,500.00                    188,325.42   First Lien                                    -          188,500.00                           -                      -          315,000.00                   59.84
1103652665         DUARTE                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    461,600.00                    461,600.00   First Lien                                    -          461,600.00                           -                      -          577,000.00                   80.00
1103652674         BIG BEAR LAKE                                       92315   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          560,000.00                           -                      -        1,272,000.00                   44.03
1103652679         SAINT LOUIS                                         63117   MO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          128,000.00                           -                      -          160,000.00                   80.00
1103652683         HESPERIA                                            92345   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
1103652694         COLTON                                              92324   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    109,000.00                    109,000.00   First Lien                                    -          109,000.00                           -                      -          330,000.00                   33.03
1103652703         IMPERIAL                                            92251   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    319,200.00                    319,200.00   First Lien                                    -          399,000.00                   79,800.00             399,000.00          399,000.00                   80.00
1103652722         BREA                                                92821   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          523,000.00                   80.00
1103652730         LONG BEACH                                          90803   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          945,000.00                   52.91
1103652731         LOS ANGELES                                         90066   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          745,000.00                   61.61
1103652749         PHOENIX                                             85051   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,000.00                    164,000.00   First Lien                                    -          205,000.00                   41,000.00                      -          205,000.00                   80.00
1103652754         LOS ANGELES                                         90002   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
1103652755         SHERMAN OAKS                                        91403   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -             951,000.00          955,000.00                   47.32
1103652771         LOS ANGELES                                         90042   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          700,000.00                   72.14
1103652777         GRANADA HILLS                                       91344   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    457,500.00                    457,500.00   First Lien                                    -          457,500.00                           -                      -          754,000.00                   60.68
1103652797         SHREWSBURY                                           1545   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    487,500.00                    487,500.00   First Lien                                    -          554,970.00                   67,470.00                      -          650,000.00                   75.00
1103652800         PRINCETON                                            8540   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    340,000.00                    339,199.50   First Lien                                    -          340,000.00                           -             460,000.00          485,000.00                   73.91
1103652801         DENVER                                              80210   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    703,200.00                    701,187.80   First Lien                                    -          791,100.00                   87,900.00             879,000.00          879,000.00                   80.00
1103652802         ELLICOTT CITY                                       21042   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,418,000.00                  1,413,943.00   First Lien                                    -        1,418,000.00                           -                      -        2,350,000.00                   60.34
1103652803         PERTH AMBOY                                          8861   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    212,000.00                    211,559.40   First Lien                                    -          265,000.00                   53,000.00             265,000.00          265,000.00                   80.00
1103652804         NEW BRUNSWICK                                        8901   NJ                       20061201                20361101    ARMS                   No                                          360                    360                          356                    224,000.00                    223,377.30   First Lien                                    -          280,000.00                   56,000.00             280,000.00          284,000.00                   80.00
1103652805         BOWIE                                               20720   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    412,720.00                    412,720.00   First Lien                                    -          515,900.00                  103,180.00             515,900.00          615,000.00                   80.00
1103652806         CAMPBELL                                            95008   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          790,000.00                   75.95
1103652808         OXNARD                                              93036   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          650,000.00                   46.15
1103652819         CARMICHAEL                                          95608   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          395,000.00                   84.05
1103652822         SANTA NELLA                                         95322   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,000.00                    258,000.00   First Lien                                    -          288,000.00                   30,000.00                      -          380,000.00                   67.89
1103652843         EMERSON                                              7630   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    516,000.00                    516,000.00   First Lien                                    -          516,000.00                           -             645,000.00          645,000.00                   80.00
1103652863         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          337,500.00                           -                      -          450,000.00                   75.00
1103652884         DIAMOND BAR                                         91765   CA                       20060401                20360301    FIXED                  No                                          360                    360                          348                    480,000.00                    474,506.40   First Lien                                    -          480,000.00                           -                      -          602,000.00                   79.73
1103652895         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          218,500.00                   34,500.00             230,000.00          260,000.00                   80.00
1103652904         CORONA                                              92881   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,000.00                    231,000.00   First Lien                                    -          330,000.00                   99,000.00             330,000.00          345,000.00                   70.00
1103652912         HEMET                                               92543   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    154,400.00                    154,400.00   First Lien                                    -          193,000.00                   38,600.00             193,000.00          200,000.00                   80.00
1103652921         PORTLAND                                            97213   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          536,750.00                  119,750.00             565,000.00          570,000.00                   73.81
1103652928         DIAMOND BAR                                         91765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
1103652937         LAHAINA                                             96761   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -             520,000.00          540,000.00                   80.00
1103652945         SANTA ANA                                           92701   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00             260,000.00          260,000.00                   80.00
1103652951         CHULA VISTA                                         91915   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    605,000.00                    605,000.00   First Lien                                    -          605,000.00                           -                      -          892,000.00                   67.83
1103652962         FONTANA                                             92335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          400,000.00                   75.00
1103652985         SAN GABRIEL                                         91776   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          855,000.00                   23.39
1103653019         SCOTTSDALE                                          85259   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    610,000.00                    610,000.00   First Lien                                    -          610,000.00                           -                      -        1,450,000.00                   42.07
1103653023         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -             375,000.00          375,000.00                   73.33
1103653028         ORLANDO                                             32839   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    189,600.00                    189,600.00   First Lien                                    -          237,000.00                   47,400.00             237,000.00          237,000.00                   80.00
1103653053         IRVINGTON                                            7111   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          350,000.00                   42.86
1103653072         SALINAS                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    326,400.00                    326,400.00   First Lien                                    -          408,000.00                   81,600.00             408,000.00          490,000.00                   80.00
1103653111         RANCHO SANTA MARGARITA                              92688   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          525,000.00                   80.00
1103653144         MORENO VALLEY                                       92553   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    166,000.00                    166,000.00   First Lien                                    -          166,000.00                           -                      -          310,000.00                   53.55
1103653153         SANGER                                              93657   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    112,000.00                    111,901.18   First Lien                                    -          112,000.00                           -                      -          225,000.00                   49.78
1103653220         GULFPORT                                            39507   MS                       20070401                20370301    ARMS                   No                                          360                    360                          360                    151,900.00                    151,900.00   First Lien                                    -          151,900.00                           -             189,900.00          190,000.00                   79.99
1103653236         OXNARD                                              93033   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          580,000.00                   75.00
1103653243         SANDY                                               84070   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,350.00                    231,350.00   First Lien                                    -          277,600.00                   46,250.00             308,473.00          315,000.00                   75.00
1103653264         MIAMI                                               33142   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          250,000.00                   73.60
1103653267         DIAMOND BAR                                         91765   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    274,000.00                    274,000.00   First Lien                                    -          274,000.00                           -                      -          540,000.00                   50.74
1103653275         HENDERSON                                           89015   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          299,000.00                   67.56
1103653312         ALISO VIEJO                                         92656   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    434,350.00                    434,350.00   First Lien                                    -          558,450.00                  124,100.00             620,500.00          698,000.00                   70.00
1103653320         WEEKI WACHEE                                        34607   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          250,000.00                   42.00
1103653349         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          650,000.00                   68.92
1103653400         RIVERSIDE                                           92505   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          472,000.00                           -                      -          600,000.00                   78.67
1103653405         MONTEBELLO                                          90640   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
1103653438         FENTON                                              63026   MO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          400,000.00                   53.75
1103653451         TAMPA                                               33609   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          232,000.00                   51.72
1103653473         FONTANA                                             92336   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          405,000.00                   53.09
1103653482         LOS ANGELES                                         90043   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    277,000.00                    277,000.00   First Lien                                    -          277,000.00                           -                      -          498,000.00                   55.62
1103653589         WOODDALE                                            60194   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,000.00                    103,000.00   First Lien                                    -          103,000.00                           -                      -          225,000.00                   45.78
1103653623         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,800.00                    432,800.00   First Lien                                    -          541,000.00                  108,200.00             541,017.00          550,000.00                   80.00
1103653627         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    125,992.00                    125,992.00   First Lien                                    -          159,590.00                   33,598.00             167,990.00          234,000.00                   75.00
1103653685         PHOENIX                                             85020   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
1103653687         ELK GROVE                                           95757   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    211,000.00                    211,000.00   First Lien                                    -          211,000.00                           -                      -          395,000.00                   53.42
1103653699         OCOEE                                               34761   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    181,200.00                    181,200.00   First Lien                                    -          226,500.00                   45,300.00             226,500.00          250,000.00                   80.00
1103653701         LA VERNE                                            91750   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,600.00                    445,600.00   First Lien                                    -          557,000.00                  111,400.00             557,000.00          590,000.00                   80.00
1103653723         CHANDLER                                            85248   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          405,000.00                   67.41
1103653761         SAHUARITA                                           85629   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,500.00                    211,500.00   First Lien                                    -          267,900.00                   56,400.00                      -          282,000.00                   75.00
1103653763         OXNARD                                              93030   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          562,000.00                   45.37
1103653767         FEDERAL WAY                                         98003   WA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          275,000.00                   80.00
1103653780         DUARTE                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          423,000.00                   47,000.00             470,000.00          470,000.00                   80.00
1103653781         HEMET AREA                                          92544   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    251,500.00                    251,500.00   First Lien                                    -          251,500.00                           -                      -          280,000.00                   89.82
1103653800         PORT HUENEME                                        93041   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          400,000.00                   50.00
1103653835         LA HABRA                                            90631   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    415,800.00                    415,800.00   First Lien                                    -          519,800.00                  104,000.00             519,800.00          519,800.00                   79.99
1103653838         WHITE HOUSE                                         37188   TN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    106,400.00                    106,400.00   First Lien                                    -          106,400.00                           -                      -          133,000.00                   80.00
1103653862         (GRANADA HILLS AREA)                                91344   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    718,000.00                    718,000.00   First Lien                                    -          718,000.00                           -                      -          900,000.00                   79.78
1103653885         CAPITOLA                                            95010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          715,000.00                  115,000.00                      -          857,500.00                   69.97
1103653918         SANTA ANA                                           92705   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00             665,000.00          665,000.00                   80.00
1103653922         LAKESIDE                                            92040   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          545,000.00                   63.30
1103653947         (WILMINGTON AREA) LOS ANG                           90744   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          570,000.00                   67.54
1103653952         (TORRANCE AREA) LOS ANGEL                           90501   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          595,000.00                   65.55
1103653973         MORENO VALLEY                                       92555   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          363,000.00                   80.00
1103654080         LAS VEGAS                                           89143   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
1103654214         SANGER                                              93657   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    170,000.00                    170,000.00   First Lien                                    -          170,000.00                           -                      -          215,000.00                   79.07
1103654310         MIAMI                                               33147   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    121,800.00                    121,800.00   First Lien                                    -          121,800.00                           -                      -          174,000.00                   70.00
1103654312         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    715,000.00                    715,000.00   First Lien                                    -          880,000.00                  165,000.00                      -        1,100,000.00                   65.00
1103654313         GRIDLEY                                             95948   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          213,750.00                   33,750.00             225,000.00          225,000.00                   80.00
1103654323         HENDERSON                                           89052   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -             580,000.00          580,000.00                   60.69
1103654326         ABERDEEN                                            98520   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    164,500.00                    164,500.00   First Lien                                    -          164,500.00                           -                      -          235,000.00                   70.00
1103654345         ANAHEIM                                             92807   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -             575,000.00          575,000.00                   80.00
1103654521         MIAMI                                               33161   FL                       20060401                20360301    ARMS                   No                                          360                    360                          348                    151,500.00                    149,806.60   First Lien                                    -          151,500.00                           -                      -          305,000.00                   49.67
1103654589         LAKESIDE                                            92040   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          690,000.00                   39.86
1103654590         MIAMI                                               33147   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    117,600.00                    117,600.00   First Lien                                    -          117,600.00                           -                      -          168,000.00                   70.00
1103654592         MONTARA AREA                                        94037   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    475,000.00                    475,000.00   First Lien                                    -          475,000.00                           -                      -          745,000.00                   63.76
1103654619         CARLSBAD                                            92009   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          534,000.00                   50.56
1103654645         HUNTINGTON PARK                                     90255   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          484,000.00                           -                      -          605,000.00                   80.00
1103654689         PALM SPRINGS                                        92264   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          290,000.00                   79.31
1103654695         PASO ROBLES                                         93446   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    525,000.00                    524,525.39   First Lien                                    -          525,000.00                           -                      -          940,000.00                   55.85
1103654704         STOCKTON                                            95205   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          245,000.00                   80.00
1103654717         CAYUCOS                                             93430   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          725,000.00                   51.03
1103654719         ORANGE PARK                                         32065   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,250.00                    103,250.00   First Lien                                    -          140,100.00                   36,850.00             147,500.00          147,500.00                   70.00
1103654732         MIAMI                                               33193   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    109,500.00                    109,500.00   First Lien                                    -          109,500.00                           -                      -          395,000.00                   27.72
1103654748         PACIFICA                                            94044   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    573,750.00                    573,192.35   First Lien                                    -          573,750.00                           -                      -          765,000.00                   75.00
1103654786         MORENO VALLEY                                       92557   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,080.00                    280,080.00   First Lien                                    -          280,080.00                           -             350,100.00          415,000.00                   80.00
1103654798         LOS ANGELES                                         90063   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    335,000.00                    334,674.40   First Lien                                    -          335,000.00                           -                      -          620,000.00                   54.03
1103654819         MURRIETA                                            92563   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          435,000.00                   45.52
1103654821         FOUNTAIN VALLEY                                     92708   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -             799,000.00          799,000.00                   42.55
1103654826         FORT LAUDERDALE                                     33316   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    309,520.00                    309,520.00   First Lien                                    -          309,520.00                           -             386,900.00          390,000.00                   80.00
1103654974         SANTA ANA                                           92706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    431,000.00                    431,000.00   First Lien                                    -          431,000.00                           -                      -          820,000.00                   52.56
1103655077         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103655088         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103655101         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          330,000.00                   45.45
1103655114         HIGHLAND                                            92346   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          336,000.00                   75.89
1103655185         SAN JOSE                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          785,000.00                  157,000.00             785,000.00          785,000.00                   80.00
1103655186         SARATOGA                                            95070   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,300,000.00                  1,300,000.00   First Lien                                    -        1,300,000.00                           -                      -        3,370,000.00                   38.58
1103655498         SAINT PETERSBURG                                    33705   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          320,000.00                   75.00
1103655534         GLENDALE                                            91206   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    476,000.00                    476,000.00   First Lien                                    -          476,000.00                           -                      -          815,000.00                   58.40
1103655547         AZUSA                                               91702   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          228,000.00                           -                      -          285,000.00                   80.00
1103655557         TUJUNGA                                             91042   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          593,750.00                   93,750.00             625,000.00          675,000.00                   80.00
1103655563         PICO RIVERA                                         90660   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          530,000.00                   72.64
1103655596         TEMPE                                               85281   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
1103655606         LATHROP                                             95330   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    396,800.00                    396,800.00   First Lien                                    -          471,200.00                   74,400.00             496,000.00          496,000.00                   80.00
1103655607         GLENDALE                                            91206   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          480,000.00                   54.17
1103655652         VENICE                                              90293   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    895,000.00                    895,000.00   First Lien                                    -          895,000.00                           -                      -        1,235,000.00                   72.47
1103655823         LAKE WALES                                          33898   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     94,500.00                     94,500.00   First Lien                                    -           94,500.00                           -             105,000.00          105,000.00                   90.00
1103655993         APPLE VALLEY                                        92307   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103656123         CORAM                                               11727   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,500.00                    220,500.00   First Lien                                    -          283,500.00                   63,000.00             315,000.00          390,000.00                   70.00
1103656124         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656125         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656126         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656127         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656128         CHESTER                                             19013   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     39,500.00                     39,470.68   First Lien                                    -           39,500.00                           -                      -           70,000.00                   56.43
1103656129         BRONX                                               10456   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    219,850.13   First Lien                                    -          275,000.00                   55,000.00             275,000.00          275,000.00                   80.00
1103656130         BROOKLYN                                            11215   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,471,875.00                  1,471,875.00   First Lien                                    -        1,471,875.00                           -           1,962,500.00        1,965,000.00                   75.00
1103656132         BROOKLYN                                            11219   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    960,000.00                    959,287.54   First Lien                                    -          960,000.00                           -                      -        1,600,000.00                   60.00
1103656133         NORTH MIAMI BEACH                                   33160   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -                      -          440,000.00                   80.00
1103656134         WHITE PLAINS                                        10607   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    392,000.00                    392,000.00   First Lien                                    -          441,000.00                   49,000.00                      -          490,000.00                   80.00
1103656135         NEW YORK                                            10005   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,000,000.00                    999,139.02   First Lien                                    -        1,440,100.00                  440,100.00           1,800,000.00        2,000,000.00                   55.56
1103656136         BROOKLYN                                            11219   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    431,800.00                    431,538.41   First Lien                                    -          431,800.00                           -             539,750.00          700,000.00                   80.00
1103656137         BROOKLYN                                            11219   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    289,000.00                    288,824.92   First Lien                                    -          289,000.00                           -             361,250.00          460,000.00                   80.00
1103656139         BELLEVILLE                                           7109   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    340,000.00                    339,728.11   First Lien                                    -          425,000.00                   85,000.00             425,000.00          430,000.00                   80.00
1103656140         BROOKLYN                                            11215   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    700,000.00                    699,397.31   First Lien                                    -        1,100,000.00                  400,000.00                      -        1,400,000.00                   50.00
1103656141         LAKEWOOD                                             8701   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    416,000.00                    415,650.51   First Lien                                    -          494,000.00                   78,000.00             520,000.00          525,000.00                   80.00
1103656142         PATERSON                                             7503   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    361,600.00                    361,310.83   First Lien                                    -          452,000.00                   90,400.00             452,000.00          460,000.00                   80.00
1103656143         BRONX                                               10462   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    102,600.00                    102,511.66   First Lien                                    -          102,600.00                           -             114,000.00          114,000.00                   90.00
1103656144         SCHENECTADY                                         12304   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                     69,600.00                     69,558.91   First Lien                                    -           82,650.00                   13,050.00              87,000.00           92,000.00                   80.00
1103656145         BROOKLYN                                            11215   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    850,000.00                    849,268.17   First Lien                                    -          850,000.00                           -                      -        1,350,000.00                   62.96
1103656146         KEENE                                                3431   NH                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,000.00                    115,889.94   First Lien                                    -          130,094.00                   14,094.00             145,000.00          148,000.00                   80.00
1103656147         FORT LAUDERDALE                                     33325   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,793.36   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
1103656148         FORT LAUDERDALE                                     33325   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,793.36   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
1103656161         LAYTON                                              84041   UT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    123,750.00                    123,750.00   First Lien                                    -          123,750.00                           -                      -          165,000.00                   75.00
1103656200         CRESTLINE                                           92325   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00             260,000.00          260,000.00                   80.00
1103656522         CUPERTINO                                           95014   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    443,000.00                    443,000.00   First Lien                                    -          443,000.00                           -                      -          800,000.00                   55.38
1103656697         HALLANDALE BEACH                                    33009   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    223,900.00                    223,900.00   First Lien                                    -          279,750.00                   55,850.00             279,900.00          280,000.00                   79.99
1103656818         MORGAN HILL                                         95037   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    649,000.00                    649,000.00   First Lien                                    -          649,000.00                           -                      -        1,650,000.00                   39.33
1103656819         ANAHEIM                                             92806   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,708.42   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
1103656820         SANTA MARIA                                         93454   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    466,050.00                    465,574.84   First Lien                                    -          466,050.00                           -             582,620.00          583,000.00                   79.99
1103656821         GARDEN GROVE                                        92840   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    495,000.00                    493,297.91   First Lien                                    -          495,000.00                           -                      -          770,000.00                   64.29
1103656822         SANTA MARIA                                         93454   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    464,600.00                    464,114.93   First Lien                                    -          464,600.00                           -             580,750.00          581,000.00                   80.00
1103656823         MONTEREY PARK                                       91754   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -             585,000.00          600,000.00                   74.36
1103656824         BROOMFIELD                                          80020   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          248,000.00                           -                      -          310,000.00                   80.00
1103656825         MOUNTAIN CENTER (AREA)                              92561   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    227,250.00                    227,250.00   First Lien                                    -          227,250.00                           -             252,500.00          258,000.00                   90.00
1103656826         RIO RICO                                            85648   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    175,000.00                    174,837.92   First Lien                                    -          175,000.00                           -                      -          302,000.00                   57.95
1103656827         ELMWOOD PARK                                        60707   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    284,000.00                    283,783.90   First Lien                                    -          337,250.00                   53,250.00                      -          355,000.00                   80.00
1103656828         COLORADO SPRINGS                                    80919   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    574,000.00                    573,481.10   First Lien                                    -          717,500.00                  143,500.00             717,500.00          720,000.00                   80.00
1103656829         SANTA BARBARA                                       93109   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    650,000.00                    649,383.26   First Lien                                    -          780,000.00                  130,000.00                      -        1,275,000.00                   50.98
1103656830         SYLMAR                                              91342   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    266,250.00                    265,997.37   First Lien                                    -          266,250.00                           -                      -          355,000.00                   75.00
1103656831         FOUNTAIN VALLEY                                     92708   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    434,000.00                    433,588.21   First Lien                                    -          434,000.00                           -             620,000.00          650,000.00                   70.00
1103656832         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    431,250.00                    430,840.81   First Lien                                    -          431,250.00                           -             575,000.00          600,000.00                   75.00
1103656833         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    512,000.00                    511,525.79   First Lien                                    -          512,000.00                           -                      -          650,000.00                   78.77
1103656834         MONROE                                              30655   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    471,500.00                    471,063.29   First Lien                                    -          471,500.00                           -                      -          620,000.00                   76.05
1103656835         EL MONTE                                            91733   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,494.60   First Lien                                    -          520,000.00                           -             650,000.00          655,000.00                   80.00
1103656836         CHINO                                               91710   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    470,000.00   First Lien                                    -          720,000.00                  250,000.00                      -          800,000.00                   58.75
1103656837         DINUBA                                              93618   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    179,833.28   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103656838         OAKDALE                                             95361   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    284,000.00                    283,730.53   First Lien                                    -          284,000.00                           -             524,000.00          524,000.00                   54.20
1103656839         SANTA CRUZ                                          95060   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    558,000.00                    558,000.00   First Lien                                    -          558,000.00                           -                      -          768,000.00                   72.66
1103656840         CORONA                                              92882   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,495.93   First Lien                                    -          600,000.00                           -                      -          847,205.00                   70.82
1103656841         GILBERT                                             85296   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    250,000.00                    249,757.01   First Lien                                    -          250,000.00                           -                      -          319,000.00                   78.37
1103656842         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,552.29   First Lien                                    -          520,000.00                           -                      -          650,000.00                   80.00
1103656843         HANFORD                                             93230   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    559,000.00                    558,469.60   First Lien                                    -          559,000.00                           -                      -          716,000.00                   78.07
1103656844         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    470,000.00   First Lien                                    -          500,000.00                   30,000.00                      -          595,000.00                   78.99
1103656845         NIPOMO                                              93444   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    720,000.00                    719,316.84   First Lien                                    -          720,000.00                           -             900,000.00          900,000.00                   80.00
1103656855         PHOENIX                                             85085   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    452,000.00                    451,581.36   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
1103656856         LAS VEGAS                                           89117   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    148,500.00                    148,500.00   First Lien                                    -          148,500.00                           -                      -          200,000.00                   74.25
1103656857         WALNUT CREEK                                        94598   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    311,200.00                    311,200.00   First Lien                                    -          311,200.00                           -             389,000.00          389,000.00                   80.00
1103656858         SAN DIEGO                                           92115   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    546,400.00                    546,400.00   First Lien                                    -          546,400.00                           -                      -          683,000.00                   80.00
1103656859         TEMECULA                                            92592   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    345,000.00                    344,710.16   First Lien                                    -          345,000.00                           -                      -          555,019.00                   62.16
1103656860         LAKEWOOD                                            90712   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    431,000.00                    431,000.00   First Lien                                    -          431,000.00                           -                      -          575,000.00                   74.96
1103656861         LOS ANGELES                                         90008   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          608,000.00                           -                      -          805,000.00                   75.53
1103656862         APPLE VALLEY                                        92308   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    483,900.00                    483,900.00   First Lien                                    -          483,900.00                           -             604,951.00          604,951.00                   79.99
1103656863         CAMARILLO                                           93012   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          690,099.00                   54.34
1103656864         DALLAS                                              75206   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    208,800.00                    208,597.06   First Lien                                    -          208,800.00                           -                      -          261,000.00                   80.00
1103656865         SALT LAKE CITY                                      84117   UT                       20061101                20361001    FIXED                  No                                          360                    360                          355                    295,000.00                    292,899.00   First Lien                                    -          295,000.00                           -                      -          425,011.00                   69.41
1103656866         SUWANEE                                             30024   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    213,000.00                    212,797.90   First Lien                                    -          213,000.00                           -                      -          345,000.00                   61.74
1103656867         DEMOREST                                            30535   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    107,910.00                    107,910.00   First Lien                                    -          107,910.00                           -             119,900.00          119,900.00                   90.00
1103656868         HUDSON                                              34667   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          402,000.00                   79.60
1103656869         VALLEJO                                             94591   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    500,000.00                    499,490.30   First Lien                                    -          500,000.00                           -                      -          685,000.00                   72.99
1103656870         STOCKTON                                            95204   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    262,400.00                    262,400.00   First Lien                                    -          311,502.00                   49,102.00                      -          328,000.00                   80.00
1103656871         ENGLEWOOD                                           34224   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    202,400.00                    202,058.90   First Lien                                    -          202,400.00                           -                      -          253,000.00                   80.00
1103656872         COPPELL                                             75019   TX                       20070201                20220101    FIXED                  No                                          180                    180                          178                    150,000.00                    148,976.80   First Lien                                    -          150,000.00                           -                      -          326,016.00                   46.01
1103656873         LANDIS                                              28088   NC                       20070201                20370101    FIXED                  No                                          360                    360                          358                     88,800.00                     88,800.00   First Lien                                    -          111,000.00                   22,200.00             111,000.00          112,000.00                   80.00
1103656874         BEMIDJI                                             56601   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    152,340.00                    152,198.90   First Lien                                    -          203,120.00                   50,780.00             203,120.00          205,000.00                   75.00
1103656875         AIEA                                                96701   HI                       20061201                20361101    FIXED                  No                                          360                    360                          356                    550,000.00                    547,436.60   First Lien                                    -          550,000.00                           -                      -          840,000.00                   65.48
1103656876         AIEA                                                96701   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          273,750.00                           -                      -          365,000.00                   75.00
1103656877         KILAUEA                                             96754   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,701.35   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
1103656878         MANTECA                                             95337   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
1103656879         LONG BEACH                                          90808   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          488,000.00                           -                      -          655,000.00                   74.50
1103657254         OXNARD                                              93035   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    523,000.00                    523,000.00   First Lien                                    -          523,000.00                           -                      -          660,000.00                   79.24
1103657536         VISALIA                                             93291   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          136,500.00                           -                      -          182,000.00                   75.00
1103657592         DENVER                                              80202   CO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    575,580.00                    575,580.00   First Lien                                    -          707,580.00                  132,000.00                      -          950,000.00                   60.59
1103657685         SEATTLE                                             98133   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          335,000.00                   57.46
1103658546         CORONADO                                            92118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -           2,350,000.00        2,350,000.00                   27.66
1103658999         CALIFORNIA CITY                                     93505   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          138,000.00                           -                      -          186,000.00                   74.19
2503096478         SAN JUAN CAPISTRANO                                 92675   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    525,000.00                    525,000.00   First Lien                                    -          525,000.00                           -                      -          795,000.00                   66.04
2503153671         BROOKLYN                                            11216   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    495,000.00                    495,000.00   First Lien                                    -          627,000.00                  132,000.00             660,000.00          675,000.00                   75.00
2503161188         GLENDALE                                            85304   AZ                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    320,000.00                    319,849.49   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
2503181399         BROOKLYN                                            11213   NY                       20061001                20360901    ARMS                   No                                          360                    360                          354                    539,250.00                    539,250.00   First Lien                                    -          719,000.00                  179,750.00             719,000.00          745,000.00                   75.00
2503185562         NEWARK                                               7103   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          620,000.00                   75.00
2503192569         SUNRISE                                             33351   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    158,950.00                    158,950.00   First Lien                                    -          158,950.00                           -             176,649.00          179,000.00                   89.98
2503194402         BRONX                                               10468   NY                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    415,000.00                    415,000.00   First Lien                                    -          415,000.00                           -                      -          600,000.00                   69.17
2503194433         HOLLYWOOD                                           33024   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
2503194623         ORLANDO                                             32821   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503194960         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    491,250.00                    491,250.00   First Lien                                    -          622,250.00                  131,000.00                      -          655,000.00                   75.00
2503195323         ORLANDO                                             32819   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,375.00                    192,375.00   First Lien                                    -          192,375.00                           -             256,500.00          265,000.00                   75.00
2503195750         SIMI VALLEY                                         93063   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00                      -          600,000.00                   80.00
2503195770         EAST SETAUKET                                       11733   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    301,500.00                    301,500.00   First Lien                                    -          381,500.00                   80,000.00             402,900.00          404,000.00                   74.83
2503196229         HARRISON                                             7029   NJ                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    248,000.00                    247,917.98   First Lien                                    -          294,500.00                   46,500.00                      -          310,000.00                   80.00
2503196337         WAIPAHU                                             96797   HI                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    664,000.00                    663,396.48   First Lien                                    -          747,000.00                   83,000.00                      -          830,000.00                   80.00
2503196668         WEST PALM BEACH                                     33409   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,400.00                    211,400.00   First Lien                                    -          281,850.00                   70,450.00             281,900.00          282,000.00                   74.99
2503196705         CORAL SPRINGS                                       33071   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    243,250.00                    243,250.00   First Lien                                    -          243,250.00                           -                      -          275,000.00                   88.45
2503197062         WAIPAHU                                             96797   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    516,000.00                    516,000.00   First Lien                                    -          645,000.00                  129,000.00             665,000.00          645,000.00                   80.00
2503197251         LAKEWOOD                                            90712   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,500.00                    332,500.00   First Lien                                    -          475,000.00                  142,500.00             475,000.00          505,000.00                   70.00
2503197258         STOCKTON                                            95207   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    265,000.00                    264,736.19   First Lien                                    -          265,000.00                           -                      -          400,000.00                   66.25
2503197346         RIVERSIDE                                           92509   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    161,000.00                    161,000.00   First Lien                                    -          207,000.00                   46,000.00             230,000.00          310,000.00                   70.00
2503197390         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    167,900.00                    167,900.00   First Lien                                    -          223,850.00                   55,950.00             223,900.00          223,900.00                   74.99
2503197770         LOS ANGELES                                         90042   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    519,590.30   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503197789         IRVINE                                              92620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          510,000.00                   30,000.00                      -          600,000.00                   80.00
2503197808         HEMPSTEAD                                           11550   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,480.00                    432,480.00   First Lien                                    -          540,600.00                  108,120.00             540,600.00          600,000.00                   80.00
2503197813         HIALEAH                                             33015   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    107,150.00                    107,150.00   First Lien                                    -          142,900.00                   35,750.00             142,900.00          161,000.00                   74.98
2503197900         INDIALANTIC                                         32903   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          546,000.00                   50.00
2503197901         WINTER GARDEN                                       34787   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    154,000.00                    154,000.00   First Lien                                    -          154,000.00                           -                      -          226,000.00                   68.14
2503197907         BELL GARDENS                                        90201   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    405,000.00                    404,633.87   First Lien                                    -          405,000.00                           -                      -          775,000.00                   52.26
2503197922         BROOKLYN                                            11226   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          620,000.00                   75.00
2503197976         EAST ELMHURST                                       11369   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          850,000.00                  212,500.00             850,000.00          850,000.00                   75.00
2503198073         MIAMI BEACH                                         33139   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    178,500.00                    178,377.78   First Lien                                    -          226,100.00                   47,600.00             238,000.00          245,000.00                   75.00
2503198208         CHULA VISTA                                         91914   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -        1,000,000.00                   60.00
2503198250         SANTA ROSA                                          95409   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          485,000.00                   76.29
2503198264         CABAZON                                             92230   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    239,200.00                    239,200.00   First Lien                                    -          299,000.00                   59,800.00             299,000.00          300,000.00                   80.00
2503198337         SAN DIEGO                                           92113   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    362,000.00                    362,000.00   First Lien                                    -          362,000.00                           -                      -          625,000.00                   57.92
2503198435         DETROIT                                             48228   MI                       20070301                20370201    ARMS                   No                                          360                    360                          359                     86,400.00                     86,338.40   First Lien                                    -          108,000.00                   21,600.00             108,000.00          108,000.00                   80.00
2503198545         OCEAN VIEW                                          96737   HI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    211,200.00                    210,844.12   First Lien                                    -          264,000.00                   52,800.00             264,000.00          265,000.00                   80.00
2503198630         SACRAMENTO                                          95829   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,000.00                    239,749.43   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
2503198778         FREMONT                                             94538   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,504.09   First Lien                                    -          492,000.00                           -             615,000.00          660,000.00                   80.00
2503198866         ORANGE                                               7050   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    224,250.00                    224,250.00   First Lien                                    -          299,000.00                   74,750.00             299,000.00          299,000.00                   75.00
2503198950         OREM                                                84097   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,092,500.00                  342,500.00           1,150,000.00        1,150,000.00                   65.22
2503198964         SAN MARCOS                                          92069   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,000.00                    326,000.00   First Lien                                    -          326,000.00                           -                      -          485,000.00                   67.22
2503198980         LOS ANGELES (PANORAMA CIT                           91402   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          525,000.00                   79.24
2503199242         WEST PALM BEACH                                     33415   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    213,500.00                    213,500.00   First Lien                                    -          270,450.00                   56,950.00             284,685.00          290,900.00                   75.00
2503199341         CHICAGO                                             60647   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    227,200.00                    227,200.00   First Lien                                    -          270,700.00                   43,500.00                      -          284,000.00                   80.00
2503199409         SANTA ROSA                                          95407   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    347,000.00                    347,000.00   First Lien                                    -          347,000.00                           -                      -          545,000.00                   63.67
2503199418         HOLLIS                                              11423   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    295,000.00                    294,757.72   First Lien                                    -          295,000.00                           -                      -          510,000.00                   57.84
2503199470         TAMPA                                               33615   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    614,550.00                    614,550.00   First Lien                                    -          721,550.00                  107,000.00                      -          723,000.00                   85.00
2503199526         ORLANDO                                             32821   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
2503199544         LOS ANGELES                                         90047   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    393,750.00                    393,750.00   First Lien                                    -          525,000.00                  131,250.00             525,000.00          525,000.00                   75.00
2503199606         AURORA                                              60502   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    199,300.00                    199,300.00   First Lien                                    -          265,700.00                   66,400.00             265,742.00          269,000.00                   75.00
2503199649         SUN CITY                                            92586   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    223,250.00                    223,250.00   First Lien                                    -          223,250.00                           -             235,000.00          242,500.00                   95.00
2503199671         BAY SHORE                                           11706   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
2503199795         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,900.00                    146,900.00   First Lien                                    -          186,050.00                   39,150.00             195,900.00          196,000.00                   74.99
2503199830         BROOKLYN                                            11221   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    592,500.00                    592,500.00   First Lien                                    -          790,000.00                  197,500.00             790,000.00          790,000.00                   75.00
2503199929         VALLEY SPRINGS                                      95252   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    214,400.00                    214,400.00   First Lien                                    -          268,000.00                   53,600.00             268,000.00          270,000.00                   80.00
2503199958         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          504,000.00                           -                      -          630,000.00                   80.00
2503199960         CHICAGO                                             60639   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    342,000.00                    342,000.00   First Lien                                    -          342,000.00                           -                      -          380,000.00                   90.00
2503200178         BROOKLYN                                            11212   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,000.00                    227,846.71   First Lien                                    -          270,750.00                   42,750.00             285,000.00          285,000.00                   80.00
2503200208         TOLLESON                                            85353   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          234,000.00                   80.00
2503200248         UPPER MARLBORO                                      20772   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    501,600.00                    501,600.00   First Lien                                    -          626,000.00                  124,400.00                      -          627,000.00                   80.00
2503200282         QUEEN CREEK                                         85242   AZ                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    157,600.00                    157,508.10   First Lien                                    -          197,000.00                   39,400.00             197,000.00          205,000.00                   80.00
2503200374         LONG BEACH                                          90804   CA                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    270,000.00                    269,916.88   First Lien                                    -          270,000.00                           -                      -          382,000.00                   70.68
2503200392         LOS ANGELES                                         90036   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    995,857.00                    995,857.00   First Lien                                    -          995,857.00                           -                      -        1,433,000.00                   69.49
2503200393         DETROIT                                             48238   MI                       20070301                20370201    ARMS                   No                                          360                    360                          359                     95,400.00                     95,363.69   First Lien                                    -           95,400.00                           -             106,000.00          106,000.00                   90.00
2503200411         RIVERSIDE                                           92508   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    499,900.00                    495,302.00   First Lien                                    -          562,350.00                   62,450.00             624,879.00          635,000.00                   80.00
2503200420         LOS ANGELES                                         90026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          999,950.00                  249,950.00           1,000,000.00          999,999.00                   75.00
2503200448         MEDFORD                                             97504   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    449,583.22   First Lien                                    -          450,000.00                           -                      -          600,000.00                   75.00
2503200673         WAIANAE                                             96792   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    389,500.00                    389,500.00   First Lien                                    -          389,500.00                           -             410,000.00          410,000.00                   95.00
2503200675         FORT WASHINGTON                                     20744   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00                      -        1,375,000.00                   54.55
2503200729         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    221,500.00                    221,500.00   First Lien                                    -          221,500.00                           -                      -          490,000.00                   45.20
2503200755         PEMBROKE PARK                                       33023   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    145,400.00                    145,400.00   First Lien                                    -          172,660.00                   27,260.00             181,750.00          230,000.00                   80.00
2503200760         GLENDALE                                            91207   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    890,000.00                    889,114.00   First Lien                                    -          890,000.00                           -                      -        1,375,000.00                   64.73
2503200779         KENWOOD                                             95452   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          485,000.00                   52.78
2503200785         PROVIDENCE                                           2908   RI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
2503200817         NORTH LAS VEGAS                                     89031   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    194,500.00                    194,500.00   First Lien                                    -          194,500.00                           -                      -          260,000.00                   74.81
2503200923         LAUDERHILL                                          33313   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     86,250.00                     86,250.00   First Lien                                    -          109,250.00                   23,000.00                      -          115,000.00                   75.00
2503200974         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    266,000.00                    266,000.00   First Lien                                    -          390,444.00                  124,444.00                      -          417,427.00                   63.72
2503200985         VERO BEACH                                          32966   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,250.00                    179,250.00   First Lien                                    -          209,250.00                   30,000.00                      -          239,000.00                   75.00
2503201023         CORONA                                              92879   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    420,000.00                    419,169.65   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503201058         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,000.00                    204,831.64   First Lien                                    -          205,000.00                           -                      -          345,000.00                   59.42
2503201069         GOODYEAR                                            85338   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    153,600.00                    153,600.00   First Lien                                    -          192,000.00                   38,400.00             192,000.00          192,000.00                   80.00
2503201130         CROWN POINT                                         46307   IN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,400,000.00                   53.57
2503201178         CAPE CORAL                                          33993   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    479,925.00                    479,925.00   First Lien                                    -          639,900.00                  159,975.00             639,900.00          645,000.00                   75.00
2503201250         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    561,000.00                    561,000.00   First Lien                                    -          748,000.00                  187,000.00             748,000.00          749,000.00                   75.00
2503201264         JAMAICA                                             11435   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    593,600.00                    593,600.00   First Lien                                    -          742,000.00                  148,400.00             742,000.00          745,000.00                   80.00
2503201275         ATASCADERO                                          93422   CA                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    448,000.00                    447,846.47   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
2503201343         BROOKLYN                                            11203   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    551,250.00                    550,879.37   First Lien                                    -          698,250.00                  147,000.00             735,000.00          735,000.00                   75.00
2503201350         BROOKLYN                                            11234   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          510,000.00                  114,000.00                      -          510,000.00                   77.65
2503201353         MIAMI                                               33170   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,750.00                    326,541.65   First Lien                                    -          326,750.00                           -             343,990.00          450,000.00                   94.99
2503201375         KENNER                                              70062   LA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    199,865.80   First Lien                                    -          250,000.00                   50,000.00             250,000.00          255,000.00                   80.00
2503201377         HONOLULU                                            96815   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -             300,000.00          335,000.00                   75.00
2503201413         DORAL                                               33166   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    127,920.00                    127,920.00   First Lien                                    -          159,900.00                   31,980.00             159,900.00          185,000.00                   80.00
2503201422         FORT LUPTON                                         80621   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          190,000.00                   38,000.00                      -          190,000.00                   80.00
2503201454         WELLINGTON                                          33414   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00           1,200,000.00        1,200,000.00                   62.50
2503201488         OXNARD                                              93036   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    473,000.00                    473,000.00   First Lien                                    -          473,000.00                           -                      -          600,000.00                   78.83
2503201496         LINDENHURST                                         11757   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,747.96   First Lien                                    -          380,000.00                   80,000.00                      -          400,000.00                   75.00
2503201533         MARGATE                                             33063   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    224,500.00                    224,297.05   First Lien                                    -          254,300.00                   29,800.00                      -          321,000.00                   69.94
2503201548         BROOKLYN                                            11221   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          800,000.00                   75.00
2503201557         CHICAGO                                             60636   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    103,500.00                    103,421.64   First Lien                                    -          103,500.00                           -                      -          115,000.00                   90.00
2503201608         GEORGETOWN                                          29440   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    359,000.00                    358,625.18   First Lien                                    -          359,000.00                           -                      -        1,870,000.00                   19.20
2503201675         DORAL                                               33166   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,700.00                    141,700.00   First Lien                                    -          177,100.00                   35,400.00             177,130.00          185,000.00                   80.00
2503201710         ANAHEIM                                             92801   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    294,115.00                    294,115.00   First Lien                                    -          294,115.00                           -                      -          550,000.00                   53.48
2503201722         FORT MYERS                                          33913   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,600.00                    161,487.09   First Lien                                    -          191,900.00                   30,300.00             202,000.00          211,000.00                   80.00
2503201731         WEED                                                96094   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          190,000.00                   38,000.00             190,000.00          195,000.00                   80.00
2503201741         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    236,000.00                    236,000.00   First Lien                                    -          280,250.00                   44,250.00                      -          295,000.00                   80.00
2503201773         CORAL GABLES                                        33134   FL                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    176,000.00                    175,920.23   First Lien                                    -          176,000.00                           -             220,000.00          230,000.00                   80.00
2503201817         HALLANDALE                                          33009   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    427,000.00                    427,000.00   First Lien                                    -          610,000.00                  183,000.00             610,000.00          610,000.00                   70.00
2503201820         HICKSVILLE                                          11801   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    411,000.00                    410,610.03   First Lien                                    -          431,000.00                   20,000.00                      -          520,000.00                   79.04
2503201846         SAN FERNANDO                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          495,000.00                   66.67
2503201853         MIRAMAR                                             33027   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          950,000.00                  200,000.00             950,000.00          950,000.00                   78.95
2503201866         EUGENE                                              97404   OR                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    204,000.00                    203,941.39   First Lien                                    -          204,000.00                           -                      -          240,000.00                   85.00
2503201872         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          425,000.00                   80.00
2503201891         YORBA LINDA                                         92886   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    692,000.00                    690,805.05   First Lien                                    -          842,000.00                  150,000.00                      -        1,150,000.00                   60.17
2503201903         ANAHEIM                                             92805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    462,400.00                    462,400.00   First Lien                                    -          578,000.00                  115,600.00             578,000.00          578,000.00                   80.00
2503201943         OAKLAND                                             94608   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    560,000.00                    559,517.85   First Lien                                    -          560,000.00                           -                      -          800,000.00                   70.00
2503201968         FREMONT                                             94539   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    715,000.00                    715,000.00   First Lien                                    -          786,395.00                   71,395.00                      -        1,225,000.00                   58.37
2503201974         LAS VEGAS                                           89110   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    277,200.00                    277,200.00   First Lien                                    -          356,400.00                   79,200.00             396,000.00          430,000.00                   70.00
2503201999         BAKERSFIELD                                         93313   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    239,000.00                    238,545.28   First Lien                                    -          280,000.00                   41,000.00                      -          355,000.00                   67.32
2503202043         LAKE FOREST                                         92630   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,000.00                    543,496.15   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
2503202101         CORAL SPRINGS                                       33071   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,500.00                    332,500.00   First Lien                                    -          495,500.00                  163,000.00                      -          627,000.00                   53.03
2503202161         BROOKLYN                                            11226   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          590,000.00                   80.00
2503202164         GEISMAR                                             70734   LA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    147,500.00                    147,349.62   First Lien                                    -          200,500.00                   53,000.00             200,500.00          203,000.00                   73.57
2503202168         KISSIMMEE                                           34759   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,000.00                    126,000.00   First Lien                                    -          168,000.00                   42,000.00             168,000.00          194,000.00                   75.00
2503202196         OAKLAND                                             94605   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    356,250.00                    356,250.00   First Lien                                    -          356,250.00                           -             475,000.00          535,000.00                   75.00
2503202197         CICERO                                              60804   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    241,200.00                    241,200.00   First Lien                                    -          241,200.00                           -             268,000.00          272,000.00                   90.00
2503202203         CHICAGO                                             60651   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,250.00                    236,076.42   First Lien                                    -          315,000.00                   78,750.00             315,000.00          315,000.00                   75.00
2503202217         LA PUENTE                                           91744   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    306,130.00                    306,130.00   First Lien                                    -          306,130.00                           -                      -          520,000.00                   58.87
2503202222         MORENO VALLEY                                       92553   CA                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    165,000.00                    164,924.93   First Lien                                    -          165,000.00                           -                      -          220,000.00                   75.00
2503202243         AREA OF SPRING VALLEY                               91977   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    423,750.00                    423,750.00   First Lien                                    -          536,750.00                  113,000.00                      -          565,000.00                   75.00
2503202296         SEBASTIAN                                           32958   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,000.00                    157,000.00   First Lien                                    -          157,000.00                           -                      -          200,000.00                   78.50
2503202297         DAYTONA BEACH                                       32117   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    143,900.00                    143,900.00   First Lien                                    -          179,850.00                   35,950.00             179,900.00          180,000.00                   79.99
2503202314         JACKSONVILLE                                        32223   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          200,000.00                   77.50
2503202370         HYATTSVILLE                                         20783   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
2503202385         MIAMI                                               33170   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00             285,000.00          288,000.00                   75.00
2503202443         MORGAN HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    632,000.00                    632,000.00   First Lien                                    -          932,000.00                  300,000.00                      -        1,100,000.00                   57.45
2503202459         VENTURA                                             93003   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -        1,000,000.00                   50.00
2503202479         LOS ANGELES                                         90018   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    312,000.00                    312,000.00   First Lien                                    -          312,000.00                           -                      -          552,000.00                   56.52
2503202491         BALTIMORE                                           21224   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          407,000.00                   78.62
2503202503         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          328,500.00                   54,750.00                      -          365,000.00                   75.00
2503202509         DEBARY                                              32713   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          336,000.00                   36,000.00                      -          375,000.00                   80.00
2503202540         BEAVERTON                                           97007   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00                      -          590,000.00                   79.32
2503202550         PITTSBURG                                           94565   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          940,000.00                  190,000.00                      -          950,000.00                   78.95
2503202555         LONG BEACH                                          90808   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          650,000.00                   80.00
2503202558         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    468,750.00                    468,750.00   First Lien                                    -          593,750.00                  125,000.00                      -          625,000.00                   75.00
2503202600         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00                      -          565,000.00                   80.00
2503202608         SACRAMENTO                                          95823   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          242,250.00                   38,250.00                      -          255,000.00                   80.00
2503202617         OLNEY                                               20832   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    464,000.00                    464,000.00   First Lien                                    -          522,000.00                   58,000.00                      -          580,000.00                   80.00
2503202624         STOCKTON                                            95205   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,023.00                    274,023.00   First Lien                                    -          342,529.00                   68,506.00             342,529.00          350,000.00                   80.00
2503202636         ORLANDO                                             32837   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    149,900.00                    149,900.00   First Lien                                    -          199,850.00                   49,950.00             199,900.00          200,000.00                   74.99
2503202644         KISSIMMEE                                           34744   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,750.00                    240,750.00   First Lien                                    -          288,900.00                   48,150.00                      -          321,000.00                   75.00
2503202652         WEST SACRAMENTO                                     95691   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    595,000.00                    595,000.00   First Lien                                    -          595,000.00                           -                      -          700,000.00                   85.00
2503202659         ALEXANDRIA                                          22306   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    488,000.00                    488,000.00   First Lien                                    -          579,500.00                   91,500.00                      -          610,000.00                   80.00
2503202664         VERNON HILLS                                        60061   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,800.00                    320,613.51   First Lien                                    -          320,800.00                           -             401,012.00          410,000.00                   80.00
2503202676         SUNNY ISLES                                         33160   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          299,000.00                   50.17
2503202680         PARAMOUNT                                           90723   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    485,800.00                    485,800.00   First Lien                                    -          694,000.00                  208,200.00             694,000.00          694,000.00                   70.00
2503202731         SANTA CLARITA                                       91354   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    372,850.00                    372,850.00   First Lien                                    -          472,250.00                   99,400.00             497,195.00          500,000.00                   74.99
2503202738         WESTON                                              33326   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,400.00                    274,400.00   First Lien                                    -          274,400.00                           -                      -          392,000.00                   70.00
2503202764         FONTANA                                             92336   CA                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    354,000.00                    353,678.26   First Lien                                    -          354,000.00                           -                      -          590,000.00                   60.00
2503202773         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    195,000.00                    195,000.00   First Lien                                    -          260,000.00                   65,000.00             260,000.00          260,000.00                   75.00
2503202808         BEND                                                97701   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          505,000.00                   62.38
2503202889         ADDISON                                             60101   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,250.00                    236,250.00   First Lien                                    -          315,000.00                   78,750.00             315,000.00          315,000.00                   75.00
2503202892         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    543,000.00                    543,000.00   First Lien                                    -          543,000.00                           -                      -          725,000.00                   74.90
2503202905         TAMPA                                               33637   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,835.00                    168,835.00   First Lien                                    -          168,835.00                           -             211,046.00          212,000.00                   80.00
2503202931         MURRIETA                                            92562   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    556,000.00                    556,000.00   First Lien                                    -          581,000.00                   25,000.00                      -          695,000.00                   80.00
2503202934         EAST CHICAGO                                        46312   IN                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,000.00                     69,945.40   First Lien                                    -           90,250.00                   20,250.00              95,000.00           95,000.00                   73.68
2503202939         LODI                                                95240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          425,000.00                   80.00
2503202955         MECCA                                               92254   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    131,300.00                    130,840.77   First Lien                                    -          131,300.00                           -                      -          270,000.00                   48.63
2503202972         DOLTON                                              60419   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -                      -          140,000.00                   77.14
2503202981         LOS ANGELES AREA                                    90001   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    376,500.00                    376,500.00   First Lien                                    -          376,500.00                           -                      -          555,000.00                   67.84
2503202992         SALISBURY                                           21801   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          350,000.00                   90.00
2503203006         ORLANDO                                             32822   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,950.00                    146,950.00   First Lien                                    -          195,900.00                   48,950.00             195,990.00          198,000.00                   74.98
2503203032         GERMANTOWN                                          20874   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    299,736.61   First Lien                                    -          337,500.00                   37,500.00                      -          375,000.00                   80.00
2503203041         WEST PALM BEACH                                     33413   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    233,600.00                    233,600.00   First Lien                                    -          262,800.00                   29,200.00                      -          292,000.00                   80.00
2503203044         KAPOLEI                                             96707   HI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    471,920.00                    471,920.00   First Lien                                    -          589,900.00                  117,980.00             589,900.00          590,000.00                   80.00
2503203065         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00                      -          535,000.00                   80.00
2503203069         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    229,000.00                    229,000.00   First Lien                                    -          229,000.00                           -                      -          300,000.00                   76.33
2503203084         BAKERSFIELD                                         93307   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    107,250.00                    107,140.97   First Lien                                    -          107,250.00                           -                      -          210,000.00                   51.07
2503203085         SACRAMENTO                                          95822   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,500.00                    256,500.00   First Lien                                    -          256,500.00                           -                      -          285,000.00                   90.00
2503203089         LAS VEGAS                                           89138   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,011.00                    535,011.00   First Lien                                    -          713,348.00                  178,337.00             713,349.00          754,000.00                   75.00
2503203112         LOS ANGELES                                         90031   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          451,000.00                   48.78
2503203117         LOS ANGELES (ARLETA AREA)                           91331   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    431,250.00                    431,250.00   First Lien                                    -          575,000.00                  143,750.00                      -          575,000.00                   75.00
2503203171         STOCKTON                                            95203   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,750.00                    273,750.00   First Lien                                    -          328,500.00                   54,750.00             365,000.00          365,000.00                   75.00
2503203180         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,250.00                    176,250.00   First Lien                                    -          235,000.00                   58,750.00             235,000.00          235,000.00                   75.00
2503203190         KANEOHE                                             96744   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    449,250.00                    449,250.00   First Lien                                    -          539,100.00                   89,850.00             599,000.00          650,000.00                   75.00
2503203219         SAINT ALBANS                                        11412   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    347,650.00                    347,650.00   First Lien                                    -          434,550.00                   86,900.00             434,600.00          435,000.00                   79.99
2503203221         MIAMI                                               33012   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,750.00                    168,601.84   First Lien                                    -          168,750.00                           -             225,000.00          242,000.00                   75.00
2503203224         LOS ANGELES                                         91601   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          386,000.00                           -                      -          795,000.00                   48.55
2503203248         SUNRISE                                             33351   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    147,600.00                    147,490.46   First Lien                                    -          196,800.00                   49,200.00             196,849.00          205,000.00                   74.98
2503203255         SACRAMENTO                                          95829   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
2503203267         COMMERCE                                            90040   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    146,500.00                    146,500.00   First Lien                                    -          146,500.00                           -                      -          435,000.00                   33.68
2503203292         BROOKLYN                                            11221   NY                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    517,500.00                    517,347.42   First Lien                                    -          690,000.00                  172,500.00             690,000.00          690,000.00                   75.00
2503203302         LAVEEN                                              85339   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    622,350.00                    621,827.15   First Lien                                    -          739,050.00                  116,700.00             778,013.04          820,000.00                   79.99
2503203308         SUNRISE                                             33351   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    232,000.00                    232,000.00   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
2503203317         CORONA                                              11368   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    727,500.00                    727,500.00   First Lien                                    -          921,500.00                  194,000.00             970,000.00          970,000.00                   75.00
2503203322         HEMET                                               92543   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    296,000.00                    295,879.06   First Lien                                    -          333,000.00                   37,000.00                      -          370,000.00                   80.00
2503203339         FORT LAUDERDALE                                     33312   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    224,000.00                    224,000.00   First Lien                                    -          280,000.00                   56,000.00             280,000.00          280,000.00                   80.00
2503203354         NORWALK                                             90650   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,500.00                    340,500.00   First Lien                                    -          454,000.00                  113,500.00             454,000.00          454,000.00                   75.00
2503203373         KAPAA                                               96746   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    507,000.00                    507,000.00   First Lien                                    -          507,000.00                           -                      -        1,000,000.00                   50.70
2503203438         PARK FOREST                                         60466   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,750.00                    141,750.00   First Lien                                    -          179,550.00                   37,800.00                      -          189,000.00                   75.00
2503203444         POMPANO BEACH                                       33067   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    206,950.00                    206,950.00   First Lien                                    -          262,100.00                   55,150.00             275,990.00          276,000.00                   74.98
2503203459         SHIRLEY                                             11967   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          350,000.00                   80.00
2503203469         ORLANDO                                             32835   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          266,000.00                   69.55
2503203487         SACRAMENTO                                          95828   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
2503203498         LOS ANGELES                                         91342   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          468,000.00                   37.39
2503203500         JUPITER                                             33458   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    159,200.00                    159,200.00   First Lien                                    -          199,000.00                   39,800.00             199,000.00          213,000.00                   80.00
2503203510         GLENDALE                                            85302   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    206,350.00                    206,350.00   First Lien                                    -          206,350.00                           -                      -          290,000.00                   71.16
2503203511         MANTECA                                             95336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          375,250.00                   59,250.00             395,000.00          423,000.00                   80.00
2503203518         MIAMI                                               33138   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    386,250.00                    386,250.00   First Lien                                    -          463,500.00                   77,250.00             515,000.00          525,000.00                   75.00
2503203519         SCARBOROUGH                                          4074   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,000.00                    169,857.18   First Lien                                    -          170,000.00                           -                      -          245,000.00                   69.39
2503203520         SAN BERNARDINO                                      92404   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    259,000.00                    259,000.00   First Lien                                    -          370,000.00                  111,000.00             370,000.00          400,000.00                   70.00
2503203544         MODESTO                                             95351   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          275,000.00                   67.27
2503203550         THOUSAND OAKS                                       91320   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    675,336.00                    675,336.00   First Lien                                    -          675,336.00                           -             844,171.00          845,000.00                   80.00
2503203570         MIAMI                                               33174   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    279,775.38   First Lien                                    -          280,000.00                           -                      -          405,000.00                   69.14
2503203577         LOMPOC AREA                                         93436   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    107,000.00                    107,000.00   First Lien                                    -          107,000.00                           -                      -          360,000.00                   29.72
2503203581         TAMPA                                               33635   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    144,750.00                    144,750.00   First Lien                                    -          183,350.00                   38,600.00             193,000.00          195,000.00                   75.00
2503203585         WELLINGTON                                          80549   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,500.00   First Lien                                    -          189,000.00                   31,500.00                      -          210,000.00                   75.00
2503203589         PATERSON                                             7501   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,250.00                    326,250.00   First Lien                                    -          413,250.00                   87,000.00                      -          435,000.00                   75.00
2503203591         MIAMI                                               33147   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    167,879.31   First Lien                                    -          199,500.00                   31,500.00             210,000.00          210,000.00                   80.00
2503203593         NORTH PALM BEACH                                    33408   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          250,000.00                   60.00
2503203604         HUNTINGTON BEACH                                    92647   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    293,000.00                    291,932.81   First Lien                                    -          293,000.00                           -                      -          625,000.00                   46.88
2503203613         WAIPAHU                                             96797   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    412,000.00                    411,618.41   First Lien                                    -          412,000.00                           -                      -          515,000.00                   80.00
2503203618         SAN JOSE                                            95122   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    238,000.00                    237,196.85   First Lien                                    -          238,000.00                           -                      -          675,000.00                   35.26
2503203622         KEY LARGO                                           33037   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             975,000.00        1,050,000.00                   51.28
2503203623         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          350,000.00                   65.71
2503203627         KEAAU                                               96749   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          200,000.00                   50.00
2503203631         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    141,000.00                    141,000.00   First Lien                                    -          141,000.00                           -                      -          296,000.00                   47.64
2503203644         HENDERSON                                           89012   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    351,000.00                    351,000.00   First Lien                                    -          351,000.00                           -                      -          390,000.00                   90.00
2503203646         BELLFLOWER                                          90706   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    439,200.00                    439,016.77   First Lien                                    -          549,000.00                  109,800.00             549,000.00          555,000.00                   80.00
2503203661         WEST PALM BEACH                                     33417   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     86,000.00                     85,921.12   First Lien                                    -           86,000.00                           -                      -          170,000.00                   50.59
2503203662         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    293,850.00                    293,622.59   First Lien                                    -          367,350.00                   73,500.00             367,365.00          390,000.00                   79.99
2503203671         ORLANDO                                             32835   FL                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    280,000.00                    279,904.04   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
2503203680         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    208,700.00                    208,700.00   First Lien                                    -          247,900.00                   39,200.00             260,990.00          261,000.00                   79.96
2503203683         DELANO                                              93215   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    134,000.00                    133,548.97   First Lien                                    -          134,000.00                           -                      -          267,000.00                   50.19
2503203684         FORT WASHINGTON                                     20744   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    354,000.00                    354,000.00   First Lien                                    -          354,000.00                           -                      -          465,000.00                   76.13
2503203687         JAMAICA                                             11435   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    267,950.00                    267,695.76   First Lien                                    -          334,950.00                   67,000.00             334,960.00          410,000.00                   79.99
2503203689         VIRGINIA BEACH                                      23464   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    205,200.00                    205,200.00   First Lien                                    -          205,200.00                           -                      -          228,000.00                   90.00
2503203691         LAS VEGAS                                           89104   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          237,500.00                   37,500.00                      -          250,000.00                   80.00
2503203708         VAN BUREN TOWNSHIP                                  48111   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -             350,000.00          360,000.00                   90.00
2503203719         SACRAMENTO                                          95823   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    286,500.00                    286,500.00   First Lien                                    -          286,500.00                           -                      -          310,000.00                   92.42
2503203736         SANGER                                              93657   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    157,500.00                    156,367.35   First Lien                                    -          157,500.00                           -                      -          265,000.00                   59.43
2503203741         GRIDLEY                                             95948   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          300,000.00                   75.00
2503203744         PHOENIX                                             85085   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,250.00                    536,250.00   First Lien                                    -          715,000.00                  178,750.00             715,000.00          715,000.00                   75.00
2503203756         GLENDALE                                            85301   AZ                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    195,300.00                    195,235.42   First Lien                                    -          195,300.00                           -                      -          217,000.00                   90.00
2503203775         MIAMI                                               33182   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    379,200.00                    379,200.00   First Lien                                    -          379,200.00                           -             474,000.00          475,000.00                   80.00
2503203779         RENTON                                              98056   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          320,000.00                   80.00
2503203780         MIAMI BEACH                                         33141   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          255,000.00                   51,000.00             255,000.00          255,000.00                   80.00
2503203786         ROSAMOND                                            93560   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          280,000.00                   77.14
2503203815         CHINO                                               91710   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00                      -          540,000.00                   75.00
2503203820         TUSTIN                                              92780   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          850,000.00                   47.06
2503203836         WEST BEND                                           53095   WI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    218,700.00                    218,700.00   First Lien                                    -          218,700.00                           -                      -          243,000.00                   90.00
2503203838         SIMI VALLEY                                         93063   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    189,600.00                    189,600.00   First Lien                                    -          213,300.00                   23,700.00             237,000.00          272,000.00                   80.00
2503203839         WAHIAWA                                             96786   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    358,000.00                    357,635.00   First Lien                                    -          358,000.00                           -                      -          530,000.00                   67.55
2503203860         SEATTLE                                             98106   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,200.00                    263,200.00   First Lien                                    -          312,550.00                   49,350.00             329,000.00          335,000.00                   80.00
2503203867         SURPRISE                                            85388   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    185,250.00                    185,250.00   First Lien                                    -          222,300.00                   37,050.00                      -          247,000.00                   75.00
2503203889         HEMPSTEAD                                           11550   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    319,731.16   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
2503203913         MIAMI                                               33157   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    182,000.00                    181,868.93   First Lien                                    -          182,000.00                           -                      -          300,000.00                   60.67
2503203935         WALNUT CREEK                                        94597   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    693,000.00                    693,000.00   First Lien                                    -          891,000.00                  198,000.00                      -          990,000.00                   70.00
2503203972         MIAMI                                               33189   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          355,500.00                   59,250.00                      -          395,000.00                   75.00
2503203986         CHICAGO                                             60621   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    156,000.00                    155,921.63   First Lien                                    -          185,250.00                   29,250.00             195,000.00          208,000.00                   80.00
2503203987         MEMPHIS                                             38135   TN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    151,650.00                    151,650.00   First Lien                                    -          151,650.00                           -             202,240.00          203,000.00                   74.99
2503203992         TROY                                                62294   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    177,750.00                    177,750.00   First Lien                                    -          237,000.00                   59,250.00                      -          260,000.00                   68.37
2503203995         CHICAGO                                             60647   IL                       20070201                20370301    ARMS                   Yes                                         360                    480                          358                    399,000.00                    398,777.19   First Lien                                    -          570,000.00                  171,000.00                      -          570,000.00                   70.00
2503203997         FARMERSVILLE                                        93223   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    202,980.00                    202,980.00   First Lien                                    -          253,725.00                   50,745.00             253,725.00          253,725.00                   80.00
2503204010         HIALEAH                                             33018   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    145,000.00                    144,890.32   First Lien                                    -          145,000.00                           -                      -          220,000.00                   65.91
2503204012         CHICAGO                                             60641   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
2503204027         FREMONT                                             94536   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    521,000.00                    521,000.00   First Lien                                    -          521,000.00                           -                      -          656,000.00                   79.42
2503204041         ASTORIA                                             11103   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    672,000.00                    671,632.94   First Lien                                    -          840,000.00                  168,000.00             840,000.00          840,000.00                   80.00
2503204054         AREA OF AUBURN                                      95603   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          537,000.00                   63.31
2503204057         LAGUNA NIGUEL                                       92677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -        3,950,000.00                    8.86
2503204058         DOWNEY                                              90241   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          680,000.00                   80.00
2503204067         GOODYEAR                                            85338   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,900.00                    200,900.00   First Lien                                    -          258,300.00                   57,400.00             287,000.00          300,000.00                   70.00
2503204072         LOS ANGELES                                         90026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    465,000.00                    465,000.00   First Lien                                    -          589,000.00                  124,000.00             620,000.00          620,000.00                   75.00
2503204076         THOUSAND PALMS                                      92276   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    405,000.00                    404,999.75   First Lien                                    -          540,000.00                  135,000.00             540,000.00          540,000.00                   75.00
2503204084         LOS ANGELES                                         90012   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    612,000.00                    612,000.00   First Lien                                    -          726,750.00                  114,750.00             765,000.00          790,000.00                   80.00
2503204094         CAPE CORAL                                          33914   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          925,000.00                  175,000.00                      -        1,300,000.00                   57.69
2503204097         RIVERSIDE AREA                                      92509   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    295,400.00                    294,362.43   First Lien                                    -          295,400.00                           -                      -          422,000.00                   70.00
2503204126         EAST ELMHURST                                       11369   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          807,500.00                  170,000.00             850,000.00          850,000.00                   75.00
2503204146         ELIZABETH                                            7201   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    366,750.00                    366,484.56   First Lien                                    -          464,550.00                   97,800.00             489,000.00          520,000.00                   75.00
2503204150         FORT LAUDERDALE                                     33304   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    473,200.00                    473,200.00   First Lien                                    -          473,200.00                           -             591,500.00          680,000.00                   80.00
2503204177         WEST SACRAMENTO                                     95691   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          535,000.00                   79,000.00                      -          570,000.00                   80.00
2503204182         STOCKTON                                            95204   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          282,900.00                   45.95
2503204184         AURORA                                              60502   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    184,000.00                    183,870.13   First Lien                                    -          230,000.00                   46,000.00             230,000.00          233,000.00                   80.00
2503204197         KING CITY                                           93930   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          396,000.00                           -                      -          440,000.00                   90.00
2503204209         ROSEVILLE                                           95747   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          620,000.00                   32.26
2503204217         TOMS RIVER                                           8757   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00             210,000.00          245,000.00                   80.00
2503204220         SANTA ANA                                           92703   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,500.00                    472,500.00   First Lien                                    -          630,000.00                  157,500.00             630,000.00          680,000.00                   75.00
2503204223         EL CAJON                                            92019   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    675,000.00                    675,000.00   First Lien                                    -          900,000.00                  225,000.00             900,000.00          900,000.00                   75.00
2503204269         LOS BANOS                                           93635   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          300,000.00                   46.67
2503204270         TARPON SPRINGS                                      34689   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,634.86   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503204271         LAS VEGAS                                           89146   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    259,200.00                    259,200.00   First Lien                                    -          324,000.00                   64,800.00             324,000.00          336,400.00                   80.00
2503204275         EWA BEACH                                           96706   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    556,000.00                    556,000.00   First Lien                                    -          625,500.00                   69,500.00                      -          695,000.00                   80.00
2503204285         OZONE PARK                                          11416   NY                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    560,000.00                    559,827.60   First Lien                                    -          700,000.00                  140,000.00             700,000.00          700,000.00                   80.00
2503204289         SUNNYVALE                                           94085   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    669,750.00                    669,750.00   First Lien                                    -          893,000.00                  223,250.00             940,000.00          940,000.00                   71.25
2503204293         SALINAS                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          601,000.00                   74.88
2503204294         PABLO                                               94806   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    110,000.00                    109,907.59   First Lien                                    -          110,000.00                           -                      -          463,000.00                   23.76
2503204308         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    398,400.00                    398,262.85   First Lien                                    -          473,000.00                   74,600.00                      -          498,000.00                   80.00
2503204346         FORT LAUDERDALE                                     33304   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    381,200.00                    381,200.00   First Lien                                    -          381,200.00                           -             476,500.00          650,000.00                   80.00
2503204360         GARDENA                                             90249   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          540,000.00                   85.00
2503204367         SANTA BARBARA                                       93108   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,800,000.00                   55.56
2503204382         MISSION VIEJO                                       92692   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    990,000.00                    990,000.00   First Lien                                    -          990,000.00                           -                      -        1,800,000.00                   55.00
2503204386         TARPON SPRINGS                                      34689   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,634.86   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503204388         SURPRISE                                            85388   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,543.00                    168,543.00   First Lien                                    -          213,488.00                   44,945.00             224,725.00          255,500.00                   75.00
2503204393         NAPLES                                              34117   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          407,000.00                   75.00
2503204403         EWA BEACH                                           96706   HI                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    371,000.00                    370,819.94   First Lien                                    -          371,000.00                           -                      -          545,000.00                   68.07
2503204408         COLTON                                              92324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          410,000.00                   80.00
2503204414         DUNEDIN                                             34698   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    359,732.83   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503204437         SOLEDAD                                             93960   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    410,000.00                    410,000.00   First Lien                                    -          410,000.00                           -                      -          549,000.00                   74.68
2503204438         HOMESTEAD                                           33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          520,000.00                  130,000.00             520,000.00          520,000.00                   75.00
2503204443         VALLEY STREAM                                       11580   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,400.00                    488,400.00   First Lien                                    -          610,500.00                  122,100.00             610,500.00          620,000.00                   80.00
2503204477         MESA                                                85206   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    114,000.00                    113,886.51   First Lien                                    -          114,000.00                           -                      -          205,000.00                   55.61
2503204478         KAUNAKAKAI                                          96748   HI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    350,300.00                    350,300.00   First Lien                                    -          437,900.00                   87,600.00             437,900.00          437,900.00                   80.00
2503204488         MIAMI                                               33142   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    105,000.00                    105,000.00   First Lien                                    -          140,000.00                   35,000.00             140,000.00          140,000.00                   75.00
2503204502         KEIZER                                              97303   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    162,400.00                    162,247.35   First Lien                                    -          162,400.00                           -                      -          203,000.00                   80.00
2503204503         PITTSBURG                                           94565   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,600.00                    377,600.00   First Lien                                    -          472,000.00                   94,400.00             472,000.00          485,000.00                   80.00
2503204517         CHANHASSEN                                          55317   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    680,000.00                    680,000.00   First Lien                                    -          807,500.00                  127,500.00                      -          850,000.00                   80.00
2503204518         BRONX                                               10472   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
2503204533         SAN DIEGO                                           92109   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,400.00                    296,400.00   First Lien                                    -          382,456.00                   86,056.00                      -          425,000.00                   69.74
2503204539         CATHEDRAL CITY                                      92234   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503204543         HAYWARD                                             94541   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          515,000.00                   80.00
2503204550         STOCKTON                                            95205   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    224,000.00                    223,805.25   First Lien                                    -          224,000.00                           -                      -          280,000.00                   80.00
2503204575         RIVERSIDE                                           92508   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,600.00                    285,600.00   First Lien                                    -          357,000.00                   71,400.00             357,000.00          362,000.00                   80.00
2503204592         SAN PABLO                                           94806   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    362,400.00                    362,400.00   First Lien                                    -          453,000.00                   90,600.00             453,000.00          460,000.00                   80.00
2503204593         LOS ANGELES                                         90062   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          577,000.00                   83.19
2503204613         CORONA                                              11368   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    727,500.00                    727,500.00   First Lien                                    -          970,000.00                  242,500.00             970,000.00          970,000.00                   75.00
2503204624         CLAYTON                                             19938   DE                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,650.00                    244,650.00   First Lien                                    -          326,200.00                   81,550.00             326,215.00          340,000.00                   75.00
2503204634         SOUTH OZONE PARK                                    11420   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    513,750.00                    513,750.00   First Lien                                    -          650,750.00                  137,000.00                      -          685,000.00                   75.00
2503204643         COLLEGE PARK                                        30349   GA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    115,867.00                    115,867.00   First Lien                                    -          139,041.00                   23,174.00             154,490.00          165,000.00                   75.00
2503204653         ROSELLE                                             60172   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,000.00                    128,000.00   First Lien                                    -          128,000.00                           -             160,000.00          160,000.00                   80.00
2503204662         LONG BEACH                                          90810   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          438,000.00                   59.36
2503204664         WASCO                                               93280   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    102,500.00                    102,500.00   First Lien                                    -          102,500.00                           -                      -          195,000.00                   52.56
2503204673         KIRKLAND                                            98033   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          425,000.00                   69.41
2503204675         SEATTLE                                             98104   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          439,000.00                   68.34
2503204681         SANTA ANA                                           92704   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          569,250.00                  111,750.00                      -          610,000.00                   75.00
2503204689         MILLER PLACE                                        11764   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,250.00                    311,250.00   First Lien                                    -          373,500.00                   62,250.00                      -          415,000.00                   75.00
2503204693         BLYTHE                                              92225   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    108,800.00                    108,762.72   First Lien                                    -          108,800.00                           -                      -          128,000.00                   85.00
2503204696         HONOKAA                                             96727   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    365,950.00                    365,539.94   First Lien                                    -          365,950.00                           -                      -          558,000.00                   65.58
2503204697         PHOENIX                                             85007   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    432,000.00                    431,618.86   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
2503204708         KISSIMMEE                                           34758   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    189,900.00                    189,900.00   First Lien                                    -          257,700.00                   67,800.00             271,300.00          273,000.00                   70.00
2503204713         EWA BEACH                                           96706   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    346,400.00                    346,400.00   First Lien                                    -          346,400.00                           -                      -          433,000.00                   80.00
2503204726         HOLLYWOOD                                           33020   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          272,000.00                           -                      -          340,000.00                   80.00
2503204743         JACKSONVILLE                                        32209   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,250.00                     70,250.00   First Lien                                    -           94,000.00                   23,750.00                      -           99,000.00                   70.96
2503204745         GREENFIELD                                          93927   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    266,400.00                    266,400.00   First Lien                                    -          333,000.00                   66,600.00             333,000.00          335,000.00                   80.00
2503204752         SAN JOSE                                            95117   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,000.00                    568,000.00   First Lien                                    -          568,000.00                           -                      -          710,000.00                   80.00
2503204755         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    231,000.00                    231,000.00   First Lien                                    -          231,000.00                           -                      -          330,000.00                   70.00
2503204758         LA PUENTE AREA                                      91746   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    547,500.00                    547,500.00   First Lien                                    -          730,000.00                  182,500.00                      -          730,000.00                   75.00
2503204759         DOWNEY                                              90240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    588,000.00                    588,000.00   First Lien                                    -          735,000.00                  147,000.00             735,000.00          770,000.00                   80.00
2503204762         KAHULUI                                             96732   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00                      -          650,000.00                   80.00
2503204767         LOS ANGELES                                         90044   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
2503204772         CHICAGO                                             60639   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    224,820.07   First Lien                                    -          285,000.00                   60,000.00                      -          300,000.00                   75.00
2503204774         WESTON                                              33327   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -             710,000.00          710,000.00                   50.00
2503204775         CLOVIS                                              93611   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          587,500.00                   80.00
2503204792         POMONA                                              91766   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    279,000.00                    279,000.00   First Lien                                    -          353,400.00                   74,400.00                      -          372,000.00                   75.00
2503204793         LITTLE ELM                                          75068   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,093.00                    120,983.53   First Lien                                    -          164,341.00                   43,248.00             172,990.00          178,000.00                   70.00
2503204798         LOXAHATCHEE                                         33470   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,425.00                    187,425.00   First Lien                                    -          249,875.00                   62,450.00             249,900.00          250,000.00                   75.00
2503204800         SAN DIEGO                                           92111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,500.00                    274,500.00   First Lien                                    -          274,500.00                           -             305,000.00          305,000.00                   90.00
2503204810         AVENTURA                                            33180   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
2503204814         LAS VEGAS                                           89139   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    251,250.00                    251,250.00   First Lien                                    -          318,250.00                   67,000.00                      -          335,000.00                   75.00
2503204816         HAINES CITY                                         33844   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    115,100.00                    115,026.60   First Lien                                    -          115,100.00                           -                      -          153,500.00                   74.98
2503204820         WEST PALM BEACH                                     33411   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,742.00                    126,742.00   First Lien                                    -          160,540.00                   33,798.00             168,990.00          176,000.00                   75.00
2503204821         CORAL SPRINGS                                       33065   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
2503204828         VALLEY OF ENCHANTMENT                               92325   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          171,000.00                   38,000.00                      -          190,000.00                   70.00
2503204830         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          288,000.00                   36,000.00                      -          360,000.00                   70.00
2503204832         ROYAL PALM BEACH                                    33411   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,920.00                    179,920.00   First Lien                                    -          224,900.00                   44,980.00             224,900.00          225,000.00                   80.00
2503204835         CHICAGO                                             60641   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    289,450.00                    289,450.00   First Lien                                    -          392,800.00                  103,350.00             413,500.00          414,000.00                   70.00
2503204844         CHICAGO                                             60624   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          318,000.00                   38,000.00                      -          400,000.00                   70.00
2503204845         ROMEOVILLE                                          60446   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,500.00                    187,500.00   First Lien                                    -          212,500.00                   25,000.00                      -          250,000.00                   75.00
2503204847         MADERA                                              93637   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    267,336.00                    267,336.00   First Lien                                    -          334,170.00                   66,834.00             334,170.00          336,000.00                   80.00
2503204850         CHINO                                               91710   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -                      -          525,000.00                   75.00
2503204852         CHATSWORTH                                          91311   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    398,750.00                    398,750.00   First Lien                                    -          498,750.00                  100,000.00                      -          665,000.00                   59.96
2503204858         PAHOA                                               96778   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    182,400.00                    182,400.00   First Lien                                    -          228,000.00                   45,600.00             228,000.00          228,000.00                   80.00
2503204859         SUNNY ISLES BEACH                                   33160   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,800.00                    568,800.00   First Lien                                    -          568,800.00                           -             711,000.00          720,000.00                   80.00
2503204860         MINNEAPOLIS                                         55411   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    148,100.00                    148,100.00   First Lien                                    -          179,800.00                   31,700.00                      -          200,000.00                   74.05
2503204869         LOS ANGELES (MISSION HILL                           91345   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          427,500.00                   90,000.00                      -          450,000.00                   75.00
2503204876         MEDFORD                                             97501   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,500.00                    154,500.00   First Lien                                    -          195,700.00                   41,200.00             206,000.00          206,000.00                   75.00
2503204880         SAN LUIS OBISPO                                     93401   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
2503204883         (NORTHRIDGE AREA) LOS ANG                           91325   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    605,200.00                    605,200.00   First Lien                                    -          756,500.00                  151,300.00             756,500.00          770,000.00                   80.00
2503204900         WOODLAND                                            95776   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    387,650.00                    387,650.00   First Lien                                    -          484,550.00                   96,900.00             484,605.00          484,605.00                   79.99
2503204903         MORENO VALLEY                                       92555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,400.00                    262,400.00   First Lien                                    -          328,000.00                   65,600.00             328,000.00          408,000.00                   80.00
2503204904         SUSANVILLE                                          96130   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    111,000.00                    110,925.37   First Lien                                    -          111,000.00                           -                      -          148,000.00                   75.00
2503204912         STOCKTON                                            95210   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          400,000.00                   67.00
2503204917         CORAL SPRINGS                                       33065   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    143,900.00                    143,811.93   First Lien                                    -          179,900.00                   36,000.00             179,900.00          180,000.00                   79.99
2503204922         KAILUA-KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,512,500.00                  1,512,500.00   First Lien                                    -        1,512,500.00                           -                      -        2,300,000.00                   65.76
2503204939         WHEELING                                            60090   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    299,900.00                    299,900.00   First Lien                                    -          374,900.00                   75,000.00             375,000.00          375,000.00                   79.97
2503204950         BRIDGEWATER                                          8807   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    622,500.00                    622,076.35   First Lien                                    -          830,000.00                  207,500.00             830,000.00          830,000.00                   75.00
2503204952         BRONX                                               10470   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          456,000.00                   72,000.00             480,000.00          480,000.00                   80.00
2503204954         LAKE WORTH                                          33463   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,750.00                    198,750.00   First Lien                                    -          251,750.00                   53,000.00             265,000.00          278,000.00                   75.00
2503204957         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    278,400.00                    278,400.00   First Lien                                    -          348,000.00                   69,600.00             348,061.00          353,065.00                   79.99
2503204977         BELVIDERE                                           61008   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,500.00   First Lien                                    -          213,750.00                   56,250.00             225,000.00          225,000.00                   70.00
2503204979         YORBA LINDA                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    665,000.00                    665,000.00   First Lien                                    -          665,000.00                           -                      -          950,000.00                   70.00
2503204983         FULLERTON                                           92831   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          544,000.00                   96,000.00                      -          640,000.00                   70.00
2503204998         CHICAGO                                             60610   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -                      -          507,000.00                   74.36
2503204999         PARK RIDGE                                          60068   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    683,550.00                    683,550.00   First Lien                                    -          683,550.00                           -                      -        1,250,000.00                   54.68
2503205002         RICHMOND                                            94804   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          520,000.00                   75.00
2503205011         NEW LENOX                                           60451   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    179,866.41   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
2503205025         ELIZABETH                                            7201   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          405,000.00                   67,500.00             450,000.00          450,000.00                   75.00
2503205028         SAN DIEGO                                           92120   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,910.00                    188,910.00   First Lien                                    -          188,910.00                           -             209,900.00          209,900.00                   90.00
2503205030         TAMPA                                               33603   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          198,000.00                   22,000.00             220,000.00          220,000.00                   80.00
2503205041         PHOENIX                                             85051   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    194,000.00                    194,000.00   First Lien                                    -          194,000.00                           -                      -          230,000.00                   84.35
2503205054         FREMONT                                             94538   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    519,200.00                    518,673.07   First Lien                                    -          519,200.00                           -             649,000.00          660,000.00                   80.00
2503205057         BUFORD                                              30519   GA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    325,500.00                    325,500.00   First Lien                                    -          465,000.00                  139,500.00             465,000.00          465,000.00                   70.00
2503205092         LOS BANOS                                           93635   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00                      -          360,000.00                   80.00
2503205096         DENVER                                              80205   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,300.00                    450,300.00   First Lien                                    -          450,300.00                           -             474,000.00          474,000.00                   95.00
2503205101         PEMBROKE PINES                                      33028   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    247,500.00                    247,500.00   First Lien                                    -          313,500.00                   66,000.00                      -          330,000.00                   75.00
2503205103         HAYWARD                                             94545   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
2503205108         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,150.00                    152,150.00   First Lien                                    -          202,850.00                   50,700.00             202,900.00          215,000.00                   74.99
2503205114         STUART                                              34997   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    959,500.00                    959,500.00   First Lien                                    -          959,500.00                           -                      -        1,424,000.00                   67.38
2503205132         CHICAGO                                             60660   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,000.00                    289,805.02   First Lien                                    -          290,000.00                           -                      -          580,000.00                   50.00
2503205133         DRAPER                                              84020   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,500.00                    412,500.00   First Lien                                    -          522,500.00                  110,000.00             550,000.00          600,000.00                   75.00
2503205136         MODESTO                                             95350   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          375,500.00                   77.23
2503205148         KISSIMMEE                                           34743   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    266,400.00                    266,400.00   First Lien                                    -          266,400.00                           -                      -          296,000.00                   90.00
2503205153         ESTERO                                              33928   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,250.00                    310,937.17   First Lien                                    -          415,000.00                  103,750.00             415,000.00          430,000.00                   75.00
2503205156         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00             390,000.00          400,000.00                   80.00
2503205159         HIALEAH                                             33012   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    131,250.00                    131,250.00   First Lien                                    -          175,000.00                   43,750.00                      -          175,000.00                   75.00
2503205185         MIAMI                                               33165   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,200.00                    355,200.00   First Lien                                    -          444,000.00                   88,800.00             444,000.00          444,000.00                   80.00
2503205186         SALINAS                                             93906   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    559,200.00                    558,616.16   First Lien                                    -          559,200.00                           -             699,000.00          740,000.00                   80.00
2503205190         ANTIOCH                                             94509   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          700,000.00                   77.14
2503205200         LEHIGH ACRES                                        33936   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    113,600.00                    113,600.00   First Lien                                    -          134,935.00                   21,335.00             142,037.00          149,000.00                   79.98
2503205204         JAMAICA                                             11429   NY                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    440,000.00                    439,877.56   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
2503205219         HERCULES                                            94547   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    341,250.00                    341,250.00   First Lien                                    -          341,250.00                           -                      -          525,000.00                   65.00
2503205238         MESA                                                85215   AZ                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    204,250.00                    204,171.09   First Lien                                    -          204,250.00                           -                      -          215,000.00                   95.00
2503205263         MIAMI                                               33175   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          375,000.00                   75,000.00             375,000.00          455,000.00                   80.00
2503205300         ALEXANDRIA                                          22310   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    307,500.00                    307,500.00   First Lien                                    -          610,000.00                  302,500.00                      -          610,000.00                   50.41
2503205314         CHICAGO                                             60609   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    211,500.00                    211,500.00   First Lien                                    -          267,900.00                   56,400.00             286,868.00          284,000.00                   74.47
2503205321         HESPERIA                                            92345   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    293,000.00                    293,000.00   First Lien                                    -          293,000.00                           -                      -          400,000.00                   73.25
2503205330         SACRAMENTO                                          95815   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          210,000.00                   42,000.00             210,000.00          212,000.00                   80.00
2503205344         WEST PALM BEACH                                     33401   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    134,400.00                    134,400.00   First Lien                                    -          134,400.00                           -             168,000.00          168,000.00                   80.00
2503205356         VICTORVILLE AREA                                    92392   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503205366         HAYWARD                                             94544   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    446,250.00                    446,027.74   First Lien                                    -          446,250.00                           -                      -          595,000.00                   75.00
2503205372         GREEN VALLEY                                        85614   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    115,000.00                    115,000.00   First Lien                                    -          115,000.00                           -                      -          169,000.00                   68.05
2503205375         SAN JOSE                                            95111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
2503205386         STOCKTON                                            95205   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    178,000.00                    178,000.00   First Lien                                    -          178,000.00                           -                      -          260,000.00                   68.46
2503205390         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
2503205395         SUNNYVALE                                           94086   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          820,000.00                   75.00
2503205399         TOPAZ                                               96133   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    204,000.00                    204,000.00   First Lien                                    -          204,000.00                           -                      -          310,000.00                   65.81
2503205402         INDIAN ROCKS BEACH                                  33785   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,300.00                    230,300.00   First Lien                                    -          230,300.00                           -             287,910.00          288,000.00                   79.99
2503205403         MERIDIAN                                            83642   ID                       20070301                20370201    ARMS                   No                                          360                    360                          359                    366,400.00                    366,400.00   First Lien                                    -          435,100.00                   68,700.00             458,000.00          510,000.00                   80.00
2503205404         TARPON SPRINGS                                      34689   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,625.63   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503205408         CORAL GABLES                                        33134   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    510,000.00                    510,000.00   First Lien                                    -          680,000.00                  170,000.00             680,000.00          682,000.00                   75.00
2503205413         ANTIOCH                                             94509   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          680,000.00                   64.71
2503205419         PARLIER                                             93648   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          250,000.00                   48.00
2503205424         FAYETTEVILLE                                        28314   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
2503205427         BAKERSFIELD                                         93304   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,179.00                    150,179.00   First Lien                                    -          187,723.00                   37,544.00             187,724.00          243,500.00                   80.00
2503205449         LOS ANGELES (ENCINO AREA)                           91436   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,800.90   First Lien                                    -          200,000.00                           -                      -          770,000.00                   25.97
2503205454         GALT                                                95632   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
2503205458         DESERT HOT SPRINGS                                  92240   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          290,000.00                   80.00
2503205461         BAKERSFIELD                                         93307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    221,250.00                    221,250.00   First Lien                                    -          295,000.00                   73,750.00             295,000.00          295,000.00                   75.00
2503205468         PHOENIX                                             85040   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    110,400.00                    110,400.00   First Lien                                    -          131,100.00                   20,700.00                      -          138,000.00                   80.00
2503205469         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          480,000.00                  120,000.00             480,000.00          480,000.00                   75.00
2503205482         LAHAINA                                             96761   HI                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    448,000.00                    447,811.80   First Lien                                    -          448,000.00                           -                      -          591,000.00                   75.80
2503205484         KEAAU                                               96749   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,350.00                    231,125.14   First Lien                                    -          231,350.00                           -                      -          333,500.00                   69.37
2503205485         HILO                                                96720   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    179,825.05   First Lien                                    -          180,000.00                           -                      -          450,000.00                   40.00
2503205490         EAST ORANGE                                          7018   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          332,000.00                   72.29
2503205492         BROOKLYN                                            11213   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    429,300.00                    429,300.00   First Lien                                    -          572,400.00                  143,100.00             572,400.00          600,000.00                   75.00
2503205504         JAMAICA                                             11436   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    585,100.00                    585,100.00   First Lien                                    -          731,350.00                  146,250.00             731,400.00          735,000.00                   80.00
2503205528         MIAMI                                               33015   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,000.00                    332,000.00   First Lien                                    -          415,000.00                   83,000.00             415,000.00          415,000.00                   80.00
2503205538         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
2503205539         RIVERSIDE                                           92507   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    221,200.00                    221,200.00   First Lien                                    -          221,200.00                           -                      -          295,000.00                   74.98
2503205544         HONOLULU                                            96819   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,030,000.00                  280,000.00           1,030,000.00        1,030,000.00                   72.82
2503205555         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    404,000.00                    404,000.00   First Lien                                    -          404,000.00                           -                      -          505,000.00                   80.00
2503205556         CAPE CORAL                                          33904   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,675.00                    192,675.00   First Lien                                    -          256,900.00                   64,225.00             256,900.00          261,000.00                   75.00
2503205562         YUBA CITY                                           95993   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00                      -          340,000.00                   80.00
2503205574         MESA                                                85208   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          250,000.00                   50,000.00             250,000.00          250,000.00                   80.00
2503205584         AMERICAN CANYON                                     94503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          660,000.00                   80.00
2503205585         ENUMCLAW                                            98022   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    487,500.00                    487,500.00   First Lien                                    -          585,000.00                   97,500.00             650,000.00          660,000.00                   75.00
2503205591         PORTLAND                                            97220   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,000.00                    205,000.00   First Lien                                    -          205,000.00                           -                      -          243,000.00                   84.36
2503205597         ALBUQUERQUE                                         87112   NM                       20070301                20370201    FIXED                  No                                          360                    360                          359                    158,000.00                    157,880.37   First Lien                                    -          197,500.00                   39,500.00             197,500.00          203,000.00                   80.00
2503205603         HONOLULU                                            96816   HI                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    385,000.00                    384,819.41   First Lien                                    -          385,000.00                           -                      -          540,000.00                   71.30
2503205604         WOODBRIDGE                                          22192   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          411,000.00                   80.00
2503205618         LOS ANGELES (ENCINO AREA)                           91316   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          731,500.00                  115,500.00                      -          775,000.00                   79.48
2503205631         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    321,600.00                    321,600.00   First Lien                                    -          402,000.00                   80,400.00             402,000.00          402,000.00                   80.00
2503205641         CHINO HILLS                                         91709   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    271,000.00                    270,854.41   First Lien                                    -          271,000.00                           -                      -          600,000.00                   45.17
2503205666         SAN DIEGO                                           92101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,150.00                    328,150.00   First Lien                                    -          437,530.00                  109,380.00             437,538.00          500,000.00                   75.00
2503205669         FORT BRAGG                                          95437   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,500.00                    412,500.00   First Lien                                    -          467,500.00                   55,000.00                      -          550,000.00                   75.00
2503205680         MORGAN HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -                      -          610,000.00                   58.20
2503205687         HENDERSON                                           89011   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,034,750.00                  284,750.00           1,034,754.00        1,035,000.00                   72.48
2503205688         STOCKTON                                            95219   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    216,850.00                    216,628.07   First Lien                                    -          216,850.00                           -                      -          390,000.00                   55.60
2503205691         WINTER PARK                                         32792   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,500.00                    288,500.00   First Lien                                    -          365,500.00                   77,000.00                      -          385,000.00                   74.94
2503205704         SAN RAFAEL                                          94901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          695,000.00                   64.75
2503205705         LINDSAY                                             93247   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          480,000.00                   96,000.00             480,000.00          480,000.00                   80.00
2503205708         HAYWARD                                             94542   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          935,000.00                   54.01
2503205717         CHICAGO                                             60609   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                     71,000.00                     71,000.00   First Lien                                    -           71,000.00                           -                      -          275,000.00                   25.82
2503205719         HANFORD                                             93230   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          227,000.00                   82.38
2503205724         SAINT PAUL                                          55119   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    170,250.00                    170,250.00   First Lien                                    -          215,650.00                   45,400.00             227,000.00          227,000.00                   75.00
2503205748         MORGAN HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00                      -          500,000.00                   80.00
2503205752         DETROIT                                             48202   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                     81,000.00                     81,000.00   First Lien                                    -           81,000.00                           -                      -           90,000.00                   90.00
2503205759         HONOLULU                                            96818   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          480,000.00                   80.00
2503205772         PHOENIX                                             85040   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    136,000.00                    135,904.59   First Lien                                    -          170,000.00                   34,000.00             170,000.00          170,000.00                   80.00
2503205775         LOS ANGELES                                         90047   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          445,000.00                   45,000.00                      -          500,000.00                   80.00
2503205776         SANTA ANA                                           92703   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    590,000.00                    589,492.02   First Lien                                    -          590,000.00                           -                      -        1,050,000.00                   56.19
2503205787         GARDENA                                             90247   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    393,750.00                    393,750.00   First Lien                                    -          498,750.00                  105,000.00                      -          525,000.00                   75.00
2503205795         SAN LEANDRO                                         94577   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503205796         ARIZONA CITY                                        85223   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          179,900.00                   73.93
2503205800         AGOURA HILLS                                        91301   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,097,050.00                  1,096,082.10   First Lien                                    -        1,097,050.00                           -                      -        2,150,000.00                   51.03
2503205807         FRESNO                                              93727   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     70,000.00                     69,939.14   First Lien                                    -           70,000.00                           -                      -          264,000.00                   26.52
2503205816         SANTA ANA                                           92701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    612,500.00                    612,500.00   First Lien                                    -          831,250.00                  218,750.00             875,000.00          900,000.00                   70.00
2503205823         HAYWARD                                             94544   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,000.00                    535,000.00   First Lien                                    -          535,000.00                           -                      -          925,000.00                   57.84
2503205829         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    348,000.00                    348,000.00   First Lien                                    -          413,250.00                   65,250.00                      -          435,000.00                   80.00
2503205839         HONOLULU                                            96821   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    727,500.00                    727,500.00   First Lien                                    -          970,000.00                  242,500.00                      -          970,000.00                   75.00
2503205840         AREA OF JAMESTOWN                                   95327   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    403,000.00                    403,000.00   First Lien                                    -          453,000.00                   50,000.00                      -          650,000.00                   62.00
2503205844         FRESNO                                              93701   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,400.00                    116,294.57   First Lien                                    -          116,400.00                           -                      -          194,000.00                   60.00
2503205860         PEMBROKE PINES                                      33028   FL                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    256,000.00                    255,887.90   First Lien                                    -          256,000.00                           -                      -          356,000.00                   71.91
2503205863         BRIGHTON                                            80601   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,700.00                    146,560.80   First Lien                                    -          195,600.00                   48,900.00             195,600.00          203,000.00                   75.00
2503205864         LONG BEACH                                          90810   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          430,000.00                   55.35
2503205867         ARIZONA CITY                                        85223   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          179,900.00                   73.93
2503205876         FAIR OAKS RANCH                                     78015   TX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    367,761.48   First Lien                                    -          437,000.00                   69,000.00             460,000.00          475,000.00                   80.00
2503205882         STOCKTON                                            95207   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    327,000.00                    326,728.77   First Lien                                    -          327,000.00                           -                      -          348,000.00                   93.97
2503205890         SAN JOSE                                            95116   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,700.00                    562,700.00   First Lien                                    -          633,025.00                   70,325.00             703,394.00          704,000.00                   80.00
2503205897         HONOLULU                                            96816   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          850,000.00                   35.29
2503205919         WEST PALM BEACH                                     33403   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
2503205932         NORTH PROVIDENCE                                     2911   RI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          176,000.00                           -                      -          220,000.00                   80.00
2503205933         BENSENVILLE                                         60106   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,547.18   First Lien                                    -          285,000.00                   71,250.00                      -          286,000.00                   74.74
2503205941         MIAMI                                               33165   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,250.00                    116,156.02   First Lien                                    -          139,500.00                   23,250.00             155,000.00          158,000.00                   75.00
2503205954         SALINAS                                             93905   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          516,150.00                   99,900.00                      -          555,000.00                   75.00
2503205977         ALEXANDRIA                                          22309   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          270,000.00                   80.00
2503205978         WEST VALLEY CITY                                    84119   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    123,750.00                    123,750.00   First Lien                                    -          148,500.00                   24,750.00                      -          165,000.00                   75.00
2503205997         DENVER                                              80237   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    578,775.00                    578,775.00   First Lien                                    -          694,525.00                  115,750.00             771,700.00          775,000.00                   75.00
2503206003         LOS ANGELES                                         90022   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    595,000.00                    594,788.74   First Lien                                    -          595,000.00                           -                      -          700,000.00                   85.00
2503206012         WAIPAHU                                             96797   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    704,000.00                    704,000.00   First Lien                                    -          880,000.00                  176,000.00             880,000.00          880,000.00                   80.00
2503206019         VENTURA                                             93001   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    351,200.00                    351,200.00   First Lien                                    -          439,000.00                   87,800.00             439,000.00          445,000.00                   80.00
2503206022         ORLANDO                                             32835   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,150.00                    146,150.00   First Lien                                    -          194,900.00                   48,750.00             194,900.00          207,000.00                   74.99
2503206046         WOONSOCKET                                           2895   RI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    123,000.00                    122,891.48   First Lien                                    -          123,000.00                           -                      -          297,000.00                   41.41
2503206047         SANTA MARIA                                         93458   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    210,000.00                    209,790.94   First Lien                                    -          210,000.00                           -                      -          360,000.00                   58.33
2503206050         EVANSTON                                            60202   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    137,250.00                    137,130.67   First Lien                                    -          137,250.00                           -                      -          540,000.00                   25.42
2503206053         MARYSVILLE                                          98270   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,250.00                    161,250.00   First Lien                                    -          193,500.00                   32,250.00             215,000.00          215,000.00                   75.00
2503206055         POMPANO BEACH                                       33063   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,076.21   First Lien                                    -          275,000.00                   68,750.00             275,000.00          280,000.00                   75.00
2503206061         SANTA CLARITA                                       91355   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,000.00                    328,000.00   First Lien                                    -          406,800.00                   78,800.00                      -          461,000.00                   71.15
2503206063         FORT LAUDERDALE                                     33315   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    356,400.00                    356,400.00   First Lien                                    -          445,500.00                   89,100.00             445,500.00          445,500.00                   80.00
2503206070         VISALIA                                             93277   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    220,000.00                    219,235.42   First Lien                                    -          220,000.00                           -                      -          550,000.00                   40.00
2503206085         BRONXDALE                                           11469   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    223,500.00                    223,500.00   First Lien                                    -          283,100.00                   59,600.00             298,000.00          350,000.00                   75.00
2503206100         PROVIDENCE                                           2907   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    206,250.00                    206,250.00   First Lien                                    -          275,000.00                   68,750.00             275,000.00          280,000.00                   75.00
2503206102         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    392,000.00                    392,000.00   First Lien                                    -          490,000.00                   98,000.00             490,000.00          490,000.00                   80.00
2503206103         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    311,200.00                    311,200.00   First Lien                                    -          389,000.00                   77,800.00             389,000.00          390,000.00                   80.00
2503206126         LOS ANGELES                                         90046   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -        1,275,000.00                   39.22
2503206130         TURLOCK                                             95380   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
2503206143         (ENCINO AREA) LOS ANGELES                           91316   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    664,000.00                    663,643.30   First Lien                                    -          664,000.00                           -                      -          830,000.00                   80.00
2503206152         BUCKEYE                                             85326   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
2503206155         YARROW POINT                                        98004   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,391,250.00                  1,391,250.00   First Lien                                    -        1,507,500.00                  116,250.00           1,855,000.00        1,875,000.00                   75.00
2503206187         FORT LAUDERDALE                                     33020   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          385,000.00                   77.92
2503206227         WHEATLEY HEIGHTS                                    11798   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          435,000.00                   80.00
2503206234         DESERT HOT SPRINGS                                  92240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          232,500.00                           -                      -          310,000.00                   75.00
2503206236         FORT LAUDERDALE                                     33311   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    187,500.00                    187,500.00   First Lien                                    -          250,000.00                   62,500.00                      -          250,000.00                   75.00
2503206254         CAPE CORAL                                          33904   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          280,000.00                   68.75
2503206255         POMPANO BEACH                                       33064   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00             230,000.00          230,000.00                   75.00
2503206256         MIAMI                                               33145   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00             540,000.00          550,000.00                   75.00
2503206257         SACRAMENTO                                          95820   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          319,000.00                   78.37
2503206286         SAN BERNARDINO                                      92411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    196,000.00                    196,000.00   First Lien                                    -          280,000.00                   84,000.00                      -          280,000.00                   70.00
2503206287         MERCER ISLAND                                       98040   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,080,000.00                  1,080,000.00   First Lien                                    -        1,080,000.00                           -                      -        1,950,000.00                   55.38
2503206292         SAN RAMON                                           94583   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          675,000.00                  112,500.00                      -          750,000.00                   75.00
2503206296         AMITYVILLE                                          11701   NY                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    281,250.00                    281,250.00   First Lien                                    -          375,000.00                   93,750.00                      -          375,000.00                   75.00
2503206299         FREMONT                                             94538   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          585,000.00                   43.76
2503206314         ELK GROVE                                           95624   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          360,000.00                   90,000.00             360,000.00          360,000.00                   75.00
2503206323         MIAMI BEACH                                         33141   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    476,250.00                    476,250.00   First Lien                                    -          635,000.00                  158,750.00             635,000.00          635,000.00                   75.00
2503206324         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    476,250.00                    476,250.00   First Lien                                    -          635,000.00                  158,750.00                      -          635,000.00                   75.00
2503206333         WEST PALM BEACH                                     33409   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    171,900.00                    171,900.00   First Lien                                    -          204,100.00                   32,200.00             214,900.00          224,000.00                   79.99
2503206340         IVINS                                               84738   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,100.00                    206,100.00   First Lien                                    -          206,100.00                           -             229,000.00          229,000.00                   90.00
2503206350         SAINT PETERSBURG                                    33712   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    151,800.00                    151,800.00   First Lien                                    -          206,050.00                   54,250.00             216,900.00          216,900.00                   69.99
2503206387         DUARTE                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          500,000.00                  125,000.00                      -          500,000.00                   75.00
2503206400         MILILANI                                            96789   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          750,000.00                  142,000.00                      -          760,000.00                   80.00
2503206436         OZONE PARK                                          11416   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    532,000.00                    531,541.96   First Lien                                    -          665,000.00                  133,000.00             665,000.00          700,000.00                   80.00
2503206437         LAS VEGAS                                           89156   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    335,200.00                    335,200.00   First Lien                                    -          419,000.00                   83,800.00             419,000.00          430,000.00                   80.00
2503206439         STOCKTON                                            95206   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,800.00                    352,800.00   First Lien                                    -          441,000.00                   88,200.00                      -          441,000.00                   80.00
2503206472         BALDWIN                                             11510   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,000.00                    328,000.00   First Lien                                    -          410,000.00                   82,000.00             410,000.00          465,000.00                   80.00
2503206490         YUBA CITY                                           95993   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          274,000.00                   54,000.00                      -          275,000.00                   80.00
2503206494         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    424,000.00                    424,000.00   First Lien                                    -          524,000.00                  100,000.00                      -          545,000.00                   77.80
2503206499         SANTA ANA                                           92706   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          710,000.00                   62.68
2503206501         ROSEMEAD AREA                                       91770   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          304,000.00                   48,000.00             320,000.00          385,000.00                   80.00
2503206504         NORTH ATTLEBORO                                      2760   MA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,000.00                    190,000.00   First Lien                                    -          190,000.00                           -                      -          320,000.00                   59.38
2503206526         ORTING                                              98360   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    242,400.00                    242,000.00   First Lien                                    -          303,000.00                   60,600.00             303,000.00          303,000.00                   80.00
2503206533         CHICAGO                                             60643   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          152,000.00                   32,000.00             160,000.00          161,000.00                   75.00
2503206547         PALMDALE                                            93552   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    294,000.00                    294,000.00   First Lien                                    -          294,000.00                           -                      -          395,500.00                   74.34
2503206550         PARKVILLE                                           21234   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,700.00                    263,700.00   First Lien                                    -          263,700.00                           -                      -          293,000.00                   90.00
2503206551         MIRAMAR                                             33027   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    382,500.00                    382,500.00   First Lien                                    -          382,500.00                           -                      -          450,000.00                   85.00
2503206552         BROOKLYN                                            11233   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    427,500.00                    427,500.00   First Lien                                    -          570,000.00                  142,500.00             570,000.00          570,000.00                   75.00
2503206556         SALINAS                                             93905   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    538,400.00                    538,311.97   First Lien                                    -          538,400.00                           -                      -          673,000.00                   80.00
2503206559         AREA OF MIRA LOMA                                   91752   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          504,000.00                           -                      -          760,000.00                   66.32
2503206573         BRADENTON                                           34208   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    186,800.00                    186,631.13   First Lien                                    -          210,150.00                   23,350.00             233,500.00          245,000.00                   80.00
2503206576         SACRAMENTO                                          95822   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00                      -          340,000.00                   80.00
2503206589         MIAMI                                               33127   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          225,000.00                   56,250.00             225,000.00          225,000.00                   75.00
2503206592         WAIANAE                                             96792   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          215,000.00                   80.00
2503206594         RYE BROOK                                           10573   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    486,000.00                    486,000.00   First Lien                                    -          486,000.00                           -             810,000.00          810,000.00                   60.00
2503206608         PROVIDENCE                                           2908   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    195,000.00                    195,000.00   First Lien                                    -          260,000.00                   65,000.00             260,000.00          295,000.00                   75.00
2503206614         VAN NUYS                                            91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,000.00                    317,777.36   First Lien                                    -          318,000.00                           -                      -          520,000.00                   61.15
2503206622         SAN FRANCISCO                                       94107   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          750,000.00                  150,000.00             750,000.00          750,000.00                   80.00
2503206626         SOUTH BARRINGTON                                    60010   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,216,000.00                  1,216,000.00   First Lien                                    -        1,556,000.00                  340,000.00                      -        1,800,000.00                   67.56
2503206633         CHICAGO                                             60641   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    269,430.00                    269,430.00   First Lien                                    -          384,900.00                  115,470.00             384,900.00          385,000.00                   70.00
2503206637         WEED                                                96094   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,500.00                    262,500.00   First Lien                                    -          297,500.00                   35,000.00                      -          350,000.00                   75.00
2503206638         RIVERSIDE                                           92504   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          360,000.00                   80.00
2503206646         LOS ANGELES                                         90016   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    656,250.00                    656,250.00   First Lien                                    -          875,000.00                  218,750.00             875,000.00          875,000.00                   75.00
2503206656         BLACKWOOD                                            8012   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    115,500.00                    115,500.00   First Lien                                    -          156,750.00                   41,250.00             165,000.00          165,000.00                   70.00
2503206664         KING CITY                                           93930   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00             435,000.00          435,000.00                   80.00
2503206672         SACRAMENTO                                          95824   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    161,000.00                    160,857.26   First Lien                                    -          161,000.00                           -                      -          260,000.00                   61.92
2503206678         SANTEE                                              92071   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    234,000.00                    234,000.00   First Lien                                    -          234,000.00                           -                      -          320,000.00                   73.13
2503206714         FLUSHING                                            11367   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          600,000.00                   75.00
2503206721         BRIDGEWATER                                          8807   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00                      -          610,000.00                   75.00
2503206723         NIBLEY                                              84321   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    132,000.00                    132,000.00   First Lien                                    -          167,200.00                   35,200.00                      -          176,000.00                   75.00
2503206724         ONTARIO                                             91762   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
2503206725         SALINAS                                             93905   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          551,000.00                   80.00
2503206745         MIAMI                                               33160   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          450,000.00                   80.00
2503206754         PALM CITY                                           34990   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,600.00                    417,600.00   First Lien                                    -          469,800.00                   52,200.00                      -          522,000.00                   80.00
2503206759         MINNEAPOLIS                                         55411   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    212,000.00                    212,000.00   First Lien                                    -          265,000.00                   53,000.00             265,000.00          279,000.00                   80.00
2503206761         LONG BEACH                                          90814   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,900,000.00                   39.47
2503206765         ORLANDO                                             32818   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    132,000.00                    131,885.23   First Lien                                    -          165,000.00                   33,000.00             165,000.00          206,000.00                   80.00
2503206768         EL CAJON                                            92020   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    507,500.00                    507,500.00   First Lien                                    -          585,400.00                   77,900.00                      -          725,000.00                   70.00
2503206777         PLACENTIA                                           92870   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    542,500.00                    542,500.00   First Lien                                    -          542,500.00                           -                      -          775,000.00                   70.00
2503206780         ALEXANDRIA                                          22309   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    190,000.00                    190,000.00   First Lien                                    -          237,500.00                   47,500.00             237,500.00          237,500.00                   80.00
2503206783         CLARKSVILLE                                         21029   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    387,200.00                    387,200.00   First Lien                                    -          484,000.00                   96,800.00                      -          484,000.00                   80.00
2503206784         MORENO VALLEY                                       92551   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00                      -          405,000.00                   80.00
2503206792         CHULA VISTA                                         91911   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    397,500.00                    397,500.00   First Lien                                    -          530,000.00                  132,500.00             530,000.00          530,000.00                   75.00
2503206793         EL PASO                                             79902   TX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,500.00                    185,500.00   First Lien                                    -          251,750.00                   66,250.00                      -          265,000.00                   70.00
2503206807         SUNSET BEACH                                        28468   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    558,500.00                    558,500.00   First Lien                                    -          558,500.00                           -                      -          925,000.00                   60.38
2503206814         CHICAGO                                             60646   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    427,500.00                    427,142.61   First Lien                                    -          513,000.00                   85,500.00             570,000.00          570,000.00                   75.00
2503206816         MIAMI                                               33196   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00             450,000.00          450,000.00                   75.00
2503206825         LAS VEGAS                                           89113   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    497,600.00                    497,600.00   First Lien                                    -          622,000.00                  124,400.00             622,000.00          622,000.00                   80.00
2503206847         MISSION VIEJO                                       92691   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,750.00                    318,750.00   First Lien                                    -          425,000.00                  106,250.00             425,000.00          425,000.00                   75.00
2503206850         JAMAICA                                             11436   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          410,000.00                   82,000.00             410,000.00          420,000.00                   80.00
2503206877         INGLEWOOD                                           90303   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          590,000.00                   52.54
2503206883         OVIEDO                                              32765   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,925.00                    179,925.00   First Lien                                    -          239,900.00                   59,975.00             239,900.00          239,900.00                   75.00
2503206884         CENTRAL POINT                                       97502   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    532,500.00                    532,500.00   First Lien                                    -          532,500.00                           -                      -          710,000.00                   75.00
2503206885         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    650,000.00                    649,466.15   First Lien                                    -          650,000.00                           -                      -          875,000.00                   74.29
2503206890         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
2503206898         CAMP VERDE                                          86322   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          351,000.00                   51.28
2503206901         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          630,000.00                  105,000.00             700,000.00          702,000.00                   75.00
2503206904         SUMNER                                              98391   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,462.00                    157,462.00   First Lien                                    -          199,452.00                   41,990.00             209,950.00          213,000.00                   75.00
2503206905         MIAMI SHORES                                        33150   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          750,000.00                   75.00
2503206909         HENDERSON                                           89052   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          575,000.00                   75,000.00                      -          640,000.00                   78.13
2503206911         BROOKLYN                                            11207   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    449,602.98   First Lien                                    -          525,000.00                   75,000.00                      -          600,000.00                   75.00
2503206912         HIALEAH                                             33010   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
2503206914         DELTONA                                             32738   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    170,100.00                    170,010.23   First Lien                                    -          170,100.00                           -             189,000.00          189,000.00                   90.00
2503206917         NORTH WALES                                         19454   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    624,000.00                    624,000.00   First Lien                                    -          624,000.00                           -             780,827.00          812,000.00                   79.92
2503206918         PORTLAND                                            97266   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00             370,000.00          371,000.00                   80.00
2503206920         SACRAMENTO                                          95832   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,500.00                    263,500.00   First Lien                                    -          263,500.00                           -                      -          310,000.00                   85.00
2503206928         LOS ANGELES                                         90031   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00             440,000.00          440,000.00                   80.00
2503206936         KANSAS CITY                                         64134   MO                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,000.00                     69,939.62   First Lien                                    -           90,000.00                   20,000.00              95,000.00           95,000.00                   73.68
2503206938         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          625,000.00                   80.00
2503206952         SANTA ANA                                           92703   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    467,000.00                    467,000.00   First Lien                                    -          584,000.00                  117,000.00                      -          585,000.00                   79.83
2503206984         MIAMI                                               33177   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -                      -          266,000.00                   54.51
2503207004         WESTBURY                                            11590   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,900.00                    338,900.00   First Lien                                    -          338,900.00                           -                      -          450,000.00                   75.31
2503207018         PALERMO                                             95968   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    100,000.00                     99,905.11   First Lien                                    -          100,000.00                           -                      -          163,000.00                   61.35
2503207052         PHILADELPHIA                                        19148   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          162,000.00                   27,000.00                      -          180,000.00                   75.00
2503207059         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          297,500.00                   52,500.00                      -          350,000.00                   70.00
2503207085         NEW MILFORD                                          6776   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    113,600.00                    113,600.00   First Lien                                    -          113,600.00                           -                      -          142,000.00                   80.00
2503207086         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          555,000.00                  138,750.00             555,000.00          555,000.00                   75.00
2503207089         SAN JOSE                                            95124   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -                      -        1,200,000.00                   75.00
2503207095         MOUNT RAINIER                                       20712   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          379,000.00                   58.05
2503207099         OCEAN CITY                                          21842   MD                       20070301                20220201    FIXED                  No                                          180                    180                          179                    307,700.00                    306,695.87   First Lien                                    -          307,700.00                           -                      -          362,000.00                   85.00
2503207122         ORANGE                                              92868   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    508,000.00                    508,000.00   First Lien                                    -          508,000.00                           -                      -          750,000.00                   67.73
2503207128         FAIRFIELD                                            6890   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    454,500.00                    454,500.00   First Lien                                    -          454,500.00                           -                      -          505,000.00                   90.00
2503207156         STOCKTON                                            95206   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          395,000.00                   80.00
2503207158         ORLANDO                                             32837   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    420,720.00                    420,720.00   First Lien                                    -          420,720.00                           -             525,900.00          547,500.00                   80.00
2503207163         WEST COVINA                                         91790   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          342,000.00                   54,000.00             360,000.00          450,000.00                   80.00
2503207165         MIAMI                                               33126   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,500.00                    220,280.49   First Lien                                    -          315,000.00                   94,500.00             315,000.00          320,000.00                   70.00
2503207211         LAUDERHILL                                          33313   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    256,500.00                    256,500.00   First Lien                                    -          256,500.00                           -                      -          270,000.00                   95.00
2503207222         CHICAGO                                             60624   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,800.00                    172,800.00   First Lien                                    -          172,800.00                           -             192,000.00          215,000.00                   90.00
2503207228         RIALTO                                              92376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          362,000.00                   78.73
2503207243         PHOENIX                                             85009   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    139,874.67   First Lien                                    -          140,000.00                           -                      -          200,000.00                   70.00
2503207268         BAKERSFIELD                                         93309   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    109,000.00                    108,891.28   First Lien                                    -          109,000.00                           -             179,000.00          183,000.00                   60.89
2503207270         RICHMOND                                            94804   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          410,000.00                   80.00
2503207273         SACRAMENTO                                          95834   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
2503207295         CHALMETTE                                           70043   LA                       20070301                20370201    ARMS                   No                                          360                    360                          359                     99,750.00                     99,750.00   First Lien                                    -          135,375.00                   35,625.00             145,500.00          142,500.00                   70.00
2503207311         HOMESTEAD                                           33035   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,242.00                    179,242.00   First Lien                                    -          215,090.00                   35,848.00             238,990.00          239,000.00                   75.00
2503207333         CUTLER BAY                                          33190   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,150.00                    198,150.00   First Lien                                    -          235,300.00                   37,150.00             247,690.00          250,000.00                   80.00
2503207339         RICHMOND                                            94804   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,250.00                    344,250.00   First Lien                                    -          459,000.00                  114,750.00             459,000.00          465,000.00                   75.00
2503207343         SALINAS                                             93901   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    291,000.00                    290,698.48   First Lien                                    -          291,000.00                           -                      -          495,000.00                   58.79
2503207354         LOS ANGELES (NORTH HOLLYW                           91606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    462,000.00                    462,000.00   First Lien                                    -          627,000.00                  165,000.00                      -          660,000.00                   70.00
2503207359         SAINT ALBANS                                        11412   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    439,200.00                    439,200.00   First Lien                                    -          549,000.00                  109,800.00             549,000.00          580,000.00                   80.00
2503207380         CHICAGO                                             60612   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00             450,000.00          450,000.00                   75.00
2503207386         IRVINGTON                                            7111   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,750.00                    318,750.00   First Lien                                    -          425,000.00                  106,250.00             425,000.00          425,000.00                   75.00
2503207390         CHELAN                                              98816   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    284,500.00                    284,262.16   First Lien                                    -          284,500.00                           -                      -          382,000.00                   74.48
2503207393         AURORA                                              80013   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          205,000.00                   37,000.00                      -          210,000.00                   80.00
2503207396         INGLEWOOD                                           90302   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          610,000.00                   75.00
2503207400         PALMDALE                                            93552   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,800.00                    296,800.00   First Lien                                    -          371,000.00                   74,200.00             371,000.00          375,000.00                   80.00
2503207404         BAKERSFIELD                                         93312   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503207406         FONTANA                                             92336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          557,000.00                   61,000.00                      -          620,000.00                   80.00
2503207418         LOS ANGELES (SHERMAN OAKS                           91423   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,802,500.00                  1,802,500.00   First Lien                                    -        1,802,500.00                           -                      -        2,575,000.00                   70.00
2503207421         ROHNERT PARK                                        94928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    385,600.00                    385,600.00   First Lien                                    -          482,000.00                   96,400.00             482,000.00          482,000.00                   80.00
2503207437         PASADENA                                            91104   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    628,000.00                    628,000.00   First Lien                                    -          785,000.00                  157,000.00             785,000.00          785,000.00                   80.00
2503207442         ROCKLIN                                             95677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,930.00                    384,930.00   First Lien                                    -          549,900.00                  164,970.00             549,900.00          550,000.00                   70.00
2503207459         VALLEJO                                             94589   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00                      -          430,000.00                   78.14
2503207470         ORLANDO                                             32821   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    328,800.00                    328,800.00   First Lien                                    -          328,800.00                           -                      -          411,000.00                   80.00
2503207484         HOMESTEAD                                           33035   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,242.00                    179,242.00   First Lien                                    -          215,090.00                   35,848.00             238,990.00          240,000.00                   75.00
2503207492         DENVER                                              80207   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    183,750.00                    183,750.00   First Lien                                    -          220,500.00                   36,750.00                      -          245,000.00                   75.00
2503207495         AMERICAN FORK                                       84003   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          200,000.00                   60,000.00                      -          200,000.00                   70.00
2503207499         RANCHO CUCAMONGA                                    91739   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    780,990.00                    780,990.00   First Lien                                    -        1,180,990.00                  400,000.00           1,180,990.00        1,180,990.00                   66.13
2503207509         TOPANGA                                             90290   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,000.00                    639,000.00   First Lien                                    -          639,000.00                           -             710,000.00          710,000.00                   90.00
2503207510         AURORA                                              80014   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    118,000.00                    118,000.00   First Lien                                    -          118,000.00                           -                      -          210,000.00                   56.19
2503207512         LYNDEN                                              98264   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,800.00                    236,800.00   First Lien                                    -          281,200.00                   44,400.00             296,000.00          325,000.00                   80.00
2503207517         UNION CITY                                          94587   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    413,250.00                    413,250.00   First Lien                                    -          523,450.00                  110,200.00             551,000.00          554,000.00                   75.00
2503207530         KANEOHE                                             96744   HI                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    474,500.00                    474,500.00   First Lien                                    -          474,500.00                           -                      -          730,000.00                   65.00
2503207543         SAN DIEGO                                           92117   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          456,000.00                           -                      -          570,000.00                   80.00
2503207546         WEST COVINA                                         91790   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          517,450.00                   57,450.00                      -          575,000.00                   80.00
2503207552         LOS ANGELES                                         90011   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    429,500.00                    429,500.00   First Lien                                    -          429,500.00                           -                      -          580,000.00                   74.05
2503207559         KAHULUI                                             96732   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    618,750.00                    618,750.00   First Lien                                    -          742,500.00                  123,750.00                      -          825,000.00                   75.00
2503207591         MINNEAPOLIS                                         55443   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          300,000.00                   75.00
2503207602         CAPE CORAL                                          33914   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    208,000.00                    208,000.00   First Lien                                    -          208,000.00                           -                      -          265,000.00                   78.49
2503207606         MIAMI                                               33174   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    255,000.00                    255,000.00   First Lien                                    -          340,000.00                   85,000.00             340,000.00          340,000.00                   75.00
2503207607         VICTORVILLE                                         92392   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,000.00                    269,000.00   First Lien                                    -          269,000.00                           -                      -          340,000.00                   79.12
2503207617         MIAMI                                               33130   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          228,000.00                   60,000.00             240,000.00          350,000.00                   70.00
2503207630         LOS ANGELES                                         90002   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    330,000.00                    329,671.48   First Lien                                    -          330,000.00                           -                      -          494,000.00                   66.80
2503207632         HENDERSON                                           89074   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    152,000.00                    152,000.00   First Lien                                    -          152,000.00                           -                      -          280,000.00                   54.29
2503207637         LAS VEGAS                                           89107   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          203,000.00                   78.82
2503207638         SANDY                                               84094   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    251,250.00                    251,038.29   First Lien                                    -          301,500.00                   50,250.00                      -          335,000.00                   75.00
2503207644         MINNEAPOLIS                                         55419   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    146,000.00                    145,889.68   First Lien                                    -          179,621.00                   33,621.00                      -          200,000.00                   73.00
2503207651         BROOKLYN                                            11203   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    363,750.00                    363,750.00   First Lien                                    -          485,000.00                  121,250.00             498,000.00          485,000.00                   75.00
2503207659         WAILUKU                                             96793   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    354,000.00                    353,816.13   First Lien                                    -          354,000.00                           -                      -          620,000.00                   57.10
2503207664         WALNUT CREEK                                        94596   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    288,000.00                    287,699.31   First Lien                                    -          288,000.00                           -             360,000.00          360,000.00                   80.00
2503207666         LOS ANGELES AREA                                    90022   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    326,000.00                    326,000.00   First Lien                                    -          326,000.00                           -                      -          560,000.00                   58.21
2503207702         STOCKTON                                            95204   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    188,500.00                    188,337.70   First Lien                                    -          188,500.00                           -                      -          290,000.00                   65.00
2503207705         CAPITOL HEIGHTS                                     20743   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          213,750.00                   33,750.00             225,000.00          225,000.00                   80.00
2503207706         LOS ANGELES                                         90032   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00                      -          460,000.00                   80.00
2503207708         COOPER CITY                                         33014   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    474,000.00                    474,000.00   First Lien                                    -          632,000.00                  158,000.00             632,000.00          632,000.00                   75.00
2503207722         NORTH LAS VEGAS                                     89094   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,800.00                    200,628.80   First Lien                                    -          238,450.00                   37,650.00             251,000.00          255,000.00                   80.00
2503207724         LYONS                                               60534   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          220,000.00                   85.00
2503207726         WEST NEW YORK                                        7093   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          435,000.00                   80.00
2503207753         LADY LAKE                                           32159   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,350.00                    184,350.00   First Lien                                    -          221,200.00                   36,850.00             245,854.60          335,000.00                   74.98
2503207757         PORT CHARLOTTE                                      33948   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -             675,000.00          675,000.00                   80.00
2503207785         LAHAINA                                             96761   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    789,000.00                    789,000.00   First Lien                                    -          989,000.00                  200,000.00                      -        1,150,000.00                   68.61
2503207792         POMONA                                              91767   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
2503207822         CLEAR LAKE                                          95422   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -                      -          280,000.00                   90.00
2503207823         ENCINITAS                                           92024   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -        1,004,000.00                   34.86
2503207836         FRESNO                                              93720   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          288,000.00                           -                      -          360,000.00                   80.00
2503207840         MORGAN HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          600,000.00                   74.17
2503207853         SUNRISE                                             33322   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          309,000.00                   77.67
2503207855         SPRING                                              77380   TX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -          828,000.00                   78.50
2503207858         BRONX                                               10469   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          633,000.00                   89,250.00                      -          725,000.00                   75.00
2503207877         BETHEL ISLAND                                       94511   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    342,800.00                    342,800.00   First Lien                                    -          342,800.00                           -                      -          645,000.00                   53.15
2503207885         SANTA ANA                                           92704   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          575,000.00                   42.61
2503207888         CHINO HILLS                                         91709   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    436,000.00                    436,000.00   First Lien                                    -          476,000.00                   40,000.00                      -          810,000.00                   53.83
2503207889         HERCULES                                            94547   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    487,000.00                    487,000.00   First Lien                                    -          487,000.00                           -                      -          675,000.00                   72.15
2503207900         CALIFORNIA CITY                                     93505   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          188,000.00                           -                      -          225,000.00                   83.56
2503207920         JACKSONVILLE                                        32244   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          195,000.00                   39,000.00             195,000.00          195,000.00                   80.00
2503207931         GREENBELT                                           20770   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    131,920.00                    131,807.53   First Lien                                    -          164,900.00                   32,980.00             164,900.00          168,000.00                   80.00
2503207936         QUEENS VILLAGE                                      11428   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503207937         HUNTINGTON BEACH                                    92648   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503207939         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    462,000.00                    462,000.00   First Lien                                    -          522,000.00                   60,000.00                      -          660,000.00                   70.00
2503207942         VISTA                                               92083   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          455,000.00                   57.14
2503207949         LAS VEGAS                                           89101   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    141,000.00                    140,873.77   First Lien                                    -          141,000.00                           -                      -          225,000.00                   62.67
2503207950         BAKERSFIELD                                         93309   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00                      -          275,000.00                   80.00
2503207989         HENDERSON                                           89106   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          200,000.00                   75.00
2503207995         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    356,250.00                    356,250.00   First Lien                                    -          403,750.00                   47,500.00                      -          475,000.00                   75.00
2503208005         BROOKLYN CENTER                                     55429   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    152,600.00                    152,600.00   First Lien                                    -          152,600.00                           -                      -          218,000.00                   70.00
2503208006         MORENO VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          320,000.00                   64,000.00             320,000.00          320,000.00                   80.00
2503208016         PORTERVILLE                                         93257   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    183,200.00                    183,200.00   First Lien                                    -          229,000.00                   45,800.00             229,000.00          240,000.00                   80.00
2503208020         QUOGUE                                              11959   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    720,000.00                    720,000.00   First Lien                                    -          720,000.00                           -                      -        1,500,000.00                   48.00
2503208023         ORANGE                                              92869   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    664,000.00                    664,000.00   First Lien                                    -          664,000.00                           -                      -          830,000.00                   80.00
2503208027         LOS ANGELES                                         90063   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503208028         CHICAGO                                             60659   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    298,750.00                    298,750.00   First Lien                                    -          372,150.00                   73,400.00             373,460.00          390,000.00                   80.00
2503208034         SONORA                                              95370   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          355,000.00                   71.83
2503208048         SAN DIEGO                                           92116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    475,000.00                    474,513.13   First Lien                                    -          475,000.00                           -                      -          825,000.00                   57.58
2503208059         NORTH LAS VEGAS                                     89030   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -                      -          215,000.00                   67.44
2503208063         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          193,000.00                   72.54
2503208070         WYCKOFF                                              7481   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          660,000.00                   69.70
2503208071         FREMONT                                             94536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,900.00                    315,900.00   First Lien                                    -          394,900.00                   79,000.00             394,900.00          400,000.00                   79.99
2503208082         SAINT PAUL                                          55119   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    235,000.00                    235,000.00   First Lien                                    -          293,000.00                   58,000.00             293,800.00          294,000.00                   79.99
2503208086         HOLLISTER                                           95023   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          500,000.00                   59.00
2503208088         SALINAS                                             93906   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    264,500.00                    264,255.02   First Lien                                    -          366,669.00                  102,169.00                      -          387,000.00                   68.35
2503208101         BRONX                                               10452   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    438,750.00                    438,750.00   First Lien                                    -          585,000.00                  146,250.00             585,000.00          630,000.00                   75.00
2503208107         STEVENSVILLE                                        21666   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          350,000.00                   60.00
2503208118         HAMILTON                                             8610   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    306,000.00                    305,873.05   First Lien                                    -          306,000.00                           -                      -          340,000.00                   90.00
2503208121         KAHULUI                                             96732   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00                      -          575,000.00                   80.00
2503208125         MIAMI                                               33055   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
2503208127         OAKLAND                                             94602   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          370,000.00                   49.73
2503208128         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -             170,000.00          193,000.00                   80.00
2503208132         GLENN DALE                                          20769   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    514,880.00                    514,880.00   First Lien                                    -          547,060.00                   32,180.00                      -          643,600.00                   80.00
2503208137         BELLEVUE                                            98007   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,000.00                    567,406.98   First Lien                                    -          568,000.00                           -             710,000.00          710,000.00                   80.00
2503208144         SAN JOSE                                            95116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          840,000.00                   58.93
2503208149         BEAUMONT                                            92223   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    406,400.00                    406,400.00   First Lien                                    -          406,400.00                           -                      -          508,000.00                   80.00
2503208154         PHOENIX                                             85035   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          200,000.00                   77.50
2503208166         CHULA VISTA                                         91913   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,300.00                    432,300.00   First Lien                                    -          432,300.00                           -                      -          600,000.00                   72.05
2503208169         HONOLULU                                            96818   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    483,200.00                    483,200.00   First Lien                                    -          604,000.00                  120,800.00                      -          604,000.00                   80.00
2503208170         OAKLAND PARK                                        33309   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,600.00                    133,600.00   First Lien                                    -          167,000.00                   33,400.00             167,000.00          170,000.00                   80.00
2503208172         MIAMI BEACH                                         33139   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,819.19   First Lien                                    -          200,000.00                           -                      -          400,000.00                   50.00
2503208203         ZEPHYRHILLS                                         33541   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          237,500.00                   37,500.00             250,000.00          250,000.00                   80.00
2503208227         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          450,000.00                   66.67
2503208230         STOCKTON                                            95206   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00                      -          465,000.00                   80.00
2503208263         HIALEAH                                             33015   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    166,410.00                    166,410.00   First Lien                                    -          166,410.00                           -             184,900.00          210,000.00                   90.00
2503208267         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00             425,000.00          425,000.00                   80.00
2503208275         CHICAGO                                             60644   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    186,500.00                    186,500.00   First Lien                                    -          236,200.00                   49,700.00             248,675.00          260,000.00                   75.00
2503208286         LAKE HAVASU CITY                                    86406   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    494,000.00                    494,000.00   First Lien                                    -          494,000.00                           -                      -          520,000.00                   95.00
2503208288         LOS ANGELES                                         90044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    503,200.00                    503,200.00   First Lien                                    -          629,000.00                  125,800.00             629,000.00          645,000.00                   80.00
2503208291         LAS VEGAS                                           89120   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    832,800.00                    832,800.00   First Lien                                    -          832,800.00                           -                      -        1,600,000.00                   52.05
2503208293         CHICAGO                                             60628   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    124,000.00                    124,000.00   First Lien                                    -          147,250.00                   23,250.00             155,000.00          155,000.00                   80.00
2503208306         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    461,250.00                    461,250.00   First Lien                                    -          461,250.00                           -                      -          615,000.00                   75.00
2503208307         MIAMI                                               33174   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    131,250.00                    131,250.00   First Lien                                    -          175,000.00                   43,750.00             175,000.00          178,000.00                   75.00
2503208313         MORENO VALLEY                                       92553   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    287,000.00                    287,000.00   First Lien                                    -          287,000.00                           -                      -          410,000.00                   70.00
2503208315         RIVIERA BEACH                                       33404   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    435,000.00                    435,000.00   First Lien                                    -          551,000.00                  116,000.00             629,000.00          580,000.00                   75.00
2503208328         TAMPA                                               33615   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          245,000.00                   49,000.00             245,000.00          250,000.00                   80.00
2503208329         LOS ANGELES                                         90006   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          850,000.00                  170,000.00             850,000.00          850,000.00                   80.00
2503208333         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    146,250.00                    146,250.00   First Lien                                    -          175,500.00                   29,250.00             195,000.00          200,000.00                   75.00
2503208357         ANTIOCH                                             94531   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    564,000.00                    564,000.00   First Lien                                    -          634,500.00                   70,500.00                      -          705,000.00                   80.00
2503208358         SUNNYVALE                                           94087   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    716,000.00                    716,000.00   First Lien                                    -          850,250.00                  134,250.00                      -          895,000.00                   80.00
2503208361         PALMDALE                                            93550   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          232,500.00                           -                      -          310,000.00                   75.00
2503208371         EAST FARMINGDALE                                    11735   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    392,000.00                    392,000.00   First Lien                                    -          441,000.00                   49,000.00                      -          490,000.00                   80.00
2503208375         SALINAS                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          316,000.00                           -                      -          395,000.00                   80.00
2503208376         MIAMI                                               33161   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          323,000.00                   68,000.00             340,000.00          340,000.00                   75.00
2503208382         HALEIWA                                             96712   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    640,000.00                    640,000.00   First Lien                                    -          720,000.00                   80,000.00                      -          800,000.00                   80.00
2503208385         SAN JOSE                                            95148   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    518,000.00                    518,000.00   First Lien                                    -          627,698.00                  109,698.00                      -          740,000.00                   70.00
2503208397         LOS ANGELES (NORTHRIDGE A                           91325   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             775,000.00          775,000.00                   64.52
2503208398         SURPRISE                                            85388   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    115,000.00                    114,888.23   First Lien                                    -          115,000.00                           -                      -          236,000.00                   48.73
2503208409         SAN DIEGO                                           92115   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,600.00                    377,600.00   First Lien                                    -          377,600.00                           -             472,000.00          472,000.00                   80.00
2503208425         GERMANTOWN                                          20874   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          259,200.00                   43,200.00                      -          288,000.00                   75.00
2503208427         HAYWARD                                             94545   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          440,000.00                   80.00
2503208429         CALEXICO                                            92231   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,700.00                    210,700.00   First Lien                                    -          280,900.00                   70,200.00             280,990.00          295,000.00                   74.98
2503208433         CHINO HILLS                                         91709   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -             550,000.00          555,000.00                   80.00
2503208437         ROCHESTER HILLS                                     48307   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    162,000.00                    162,000.00   First Lien                                    -          162,000.00                           -                      -          192,000.00                   84.38
2503208438         SACRAMENTO                                          95820   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          275,000.00                   55,000.00             275,000.00          275,000.00                   80.00
2503208442         FULLERTON                                           92833   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    672,000.00                    672,000.00   First Lien                                    -          672,000.00                           -                      -          840,000.00                   80.00
2503208447         SANTA BARBARA                                       93103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    998,000.00                    997,097.79   First Lien                                    -          998,000.00                           -                      -        1,350,000.00                   73.93
2503208468         HUNTINGTON PARK                                     90255   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    456,000.00                    456,000.00   First Lien                                    -          570,000.00                  114,000.00             570,000.00          575,000.00                   80.00
2503208478         KEAAU                                               96749   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,000.00                    115,884.52   First Lien                                    -          116,000.00                           -                      -          465,000.00                   24.95
2503208480         PAHOA                                               96778   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          290,000.00                   46.55
2503208489         NORTH LAS VEGAS                                     89030   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    182,400.00                    182,400.00   First Lien                                    -          216,600.00                   34,200.00             230,000.00          228,000.00                   80.00
2503208499         DETROIT                                             48235   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    104,400.00                    104,400.00   First Lien                                    -          104,400.00                           -             116,000.00          120,000.00                   90.00
2503208509         FRAZIER PARK AREA                                   93225   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          408,500.00                   64,500.00             430,000.00          430,000.00                   80.00
2503208516         CHICAGO                                             60630   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    312,000.00                    312,000.00   First Lien                                    -          430,000.00                  118,000.00                      -          430,000.00                   72.56
2503208529         FORT LAUDERDALE                                     33301   FL                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    279,920.00                    279,831.31   First Lien                                    -          349,900.00                   69,980.00             349,900.00          352,000.00                   80.00
2503208532         FRESNO                                              93722   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,250.00   First Lien                                    -          247,500.00                   41,250.00                      -          275,000.00                   75.00
2503208540         UPPER MARLBORO                                      20772   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    524,000.00                    524,000.00   First Lien                                    -          524,000.00                           -                      -          655,000.00                   80.00
2503208542         ROCKVILLE CENTRE                                    11572   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          503,500.00                  106,000.00                      -          540,000.00                   73.61
2503208543         BROOKLYN                                            11235   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          540,000.00                   80.00
2503208548         LAS VEGAS                                           89115   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    243,000.00                    243,000.00   First Lien                                    -          243,000.00                           -                      -          290,000.00                   83.79
2503208563         SACRAMENTO                                          95815   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    119,895.26   First Lien                                    -          120,000.00                           -                      -          285,000.00                   42.11
2503208579         SIOUX FALLS                                         57103   SD                       20070401                20370301    ARMS                   No                                          360                    360                          360                     73,550.00                     73,550.00   First Lien                                    -           93,550.00                   20,000.00              98,500.00           98,500.00                   74.67
2503208580         CAPE CORAL                                          33991   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
2503208585         GARDEN GROVE                                        92843   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    469,600.00                    469,600.00   First Lien                                    -          587,000.00                  117,400.00             587,000.00          587,000.00                   80.00
2503208586         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    506,000.00                    506,000.00   First Lien                                    -          506,000.00                           -                      -          650,000.00                   77.85
2503208589         WILMINGTON                                          19808   DE                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          228,000.00                   48,000.00             240,000.00          246,000.00                   75.00
2503208591         BRANDON                                             33510   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,000.00                    230,839.09   First Lien                                    -          330,000.00                   99,000.00             330,000.00          330,000.00                   70.00
2503208593         PROVIDENCE                                           2905   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    119,000.00                    119,000.00   First Lien                                    -          170,000.00                   51,000.00                      -          170,000.00                   70.00
2503208608         BROOKLYN                                            11236   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    388,000.00                    388,000.00   First Lien                                    -          485,000.00                   97,000.00             485,000.00          485,000.00                   80.00
2503208613         MANTECA                                             95336   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          450,000.00                   66.67
2503208621         PROVIDENCE                                           2909   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          230,000.00                   46,000.00             230,000.00          232,000.00                   80.00
2503208622         MIRAMAR                                             33023   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          245,000.00                   71.43
2503208623         HUNTINGTON PARK                                     90255   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          495,000.00                   84.24
2503208625         BUENA PARK                                          90620   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00                      -          600,000.00                   80.00
2503208636         ORANGE                                              92867   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    258,000.00                    257,766.76   First Lien                                    -          258,000.00                           -                      -          710,000.00                   36.34
2503208660         AUBURN                                              95602   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          418,000.00                   66,000.00                      -          440,000.00                   80.00
2503208662         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     96,300.00                     96,300.00   First Lien                                    -           96,300.00                           -             107,000.00          107,800.00                   90.00
2503208667         PHOENIX                                             85015   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00                      -          310,000.00                   78.71
2503208672         WEST PALM BEACH                                     33409   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    161,150.00                    161,150.00   First Lien                                    -          204,100.00                   42,950.00             214,900.00          224,000.00                   74.99
2503208673         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    295,200.00                    295,200.00   First Lien                                    -          369,000.00                   73,800.00             369,000.00          390,000.00                   80.00
2503208676         POMPANO BEACH                                       33067   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    384,000.00                    384,000.00   First Lien                                    -          456,000.00                   72,000.00             480,000.00          511,000.00                   80.00
2503208677         PORTSMOUTH                                          23702   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,400.00                    120,400.00   First Lien                                    -          120,400.00                           -                      -          141,700.00                   84.97
2503208682         BAKERSFIELD                                         93306   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          290,000.00                   70.00
2503208699         CENTRAL ISLIP                                       11722   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          365,000.00                   80.00
2503208713         MINNEAPOLIS                                         55413   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    170,400.00                    170,400.00   First Lien                                    -          213,000.00                   42,600.00             213,000.00          213,000.00                   80.00
2503208714         ELGIN                                               60120   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    112,500.00                    112,500.00   First Lien                                    -          132,750.00                   20,250.00                      -          166,000.00                   67.77
2503208715         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    395,000.00                    395,000.00   First Lien                                    -          395,000.00                           -                      -          495,000.00                   79.80
2503208723         MIAMI                                               33131   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    552,500.00                    552,500.00   First Lien                                    -          552,500.00                           -             650,000.00          720,000.00                   85.00
2503208726         CHINO HILLS                                         91709   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    304,000.00                    304,000.00   First Lien                                    -          361,000.00                   57,000.00                      -          380,000.00                   80.00
2503208728         SAINT PETERSBURG                                    33710   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    115,000.00                    115,000.00   First Lien                                    -          115,000.00                           -                      -          144,000.00                   79.86
2503208745         RICHMOND                                            94801   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503208746         CERES                                               95307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,800.00                    280,800.00   First Lien                                    -          351,000.00                   70,200.00             351,000.00          370,000.00                   80.00
2503208753         VOLCANO                                             95689   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,000.00                    259,000.00   First Lien                                    -          259,000.00                           -                      -          530,000.00                   48.87
2503208761         BANNING                                             92220   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          305,000.00                   53,000.00                      -          315,000.00                   80.00
2503208768         PHOENIX                                             85035   AZ                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    164,800.00                    164,800.00   First Lien                                    -          195,700.00                   30,900.00                      -          206,000.00                   80.00
2503208776         EL MONTE                                            91732   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          435,000.00                   38.62
2503208778         MINNEAPOLIS                                         55412   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,800.00                    156,800.00   First Lien                                    -          196,000.00                   39,200.00             196,000.00          196,000.00                   80.00
2503208796         HACIENDA HEIGHTS AREA                               91745   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -          460,000.00                   69.13
2503208804         LOS ANGELES                                         90034   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    580,000.00                    580,000.00   First Lien                                    -          580,000.00                           -                      -          725,000.00                   80.00
2503208824         TITUSVILLE                                          32780   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    152,800.00                    152,800.00   First Lien                                    -          191,000.00                   38,200.00             191,000.00          191,000.00                   80.00
2503208826         PROVIDENCE                                           2909   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503208829         HUNTINGTON BEACH                                    92648   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,196,250.00                  1,196,250.00   First Lien                                    -        1,196,250.00                           -           1,595,000.00        1,595,000.00                   75.00
2503208835         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          460,000.00                   74.78
2503208842         SAN MATEO                                           94403   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    810,000.00                    810,000.00   First Lien                                    -          970,920.00                  160,920.00                      -        1,080,000.00                   75.00
2503208852         MARYSVILLE                                          95901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,800.00                    190,800.00   First Lien                                    -          190,800.00                           -                      -          212,000.00                   90.00
2503208862         BROOKLYN                                            11208   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    511,000.00                    511,000.00   First Lien                                    -          693,500.00                  182,500.00                      -          730,000.00                   70.00
2503208872         ROCKVILLE                                           20850   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,900.00                    423,900.00   First Lien                                    -          529,850.00                  105,950.00             529,900.00          545,000.00                   80.00
2503208878         HOMESTEAD                                           33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,250.00                    188,250.00   First Lien                                    -          251,000.00                   62,750.00             251,000.00          255,000.00                   75.00
2503208885         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00                      -          565,000.00                   80.00
2503208888         KAPAAU                                              96755   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    399,500.00                    399,500.00   First Lien                                    -          399,500.00                           -                      -          470,000.00                   85.00
2503208897         BROOKLYN                                            11233   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,400.00                    484,400.00   First Lien                                    -          605,500.00                  121,100.00             605,500.00          606,000.00                   80.00
2503208904         HOMESTEAD                                           33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503208908         LAS VEGAS                                           89121   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    198,750.00                    198,750.00   First Lien                                    -          198,750.00                           -                      -          265,000.00                   75.00
2503208918         HAWTHORNE                                           90250   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    438,750.00                    438,750.00   First Lien                                    -          438,750.00                           -                      -          585,000.00                   75.00
2503208921         LOS ANGELES (RESEDA AREA)                           91335   CA                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    310,000.00                    309,890.87   First Lien                                    -          310,000.00                           -                      -          600,000.00                   51.67
2503208923         MIAMI LAKES                                         33016   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    498,750.00                    498,750.00   First Lien                                    -          665,000.00                  166,250.00             665,000.00          665,000.00                   75.00
2503208924         RENTON                                              98055   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,750.00                    153,750.00   First Lien                                    -          194,750.00                   41,000.00             205,000.00          205,000.00                   75.00
2503208939         ORLANDO                                             32822   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,592.00                    133,592.00   First Lien                                    -          166,990.00                   33,398.00             166,990.00          173,000.00                   80.00
2503208948         AREA OF BIG BEAR CITY                               92314   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
2503208949         CHICAGO                                             60647   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    181,500.00                    181,371.90   First Lien                                    -          181,500.00                           -                      -          333,000.00                   54.50
2503208955         VICTORVILLE                                         92394   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    310,500.00                    310,500.00   First Lien                                    -          310,500.00                           -                      -          345,000.00                   90.00
2503208961         SYLMAR                                              91342   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503208966         EL MONTE                                            91731   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    400,000.00                    399,623.39   First Lien                                    -          400,000.00                           -                      -          530,000.00                   75.47
2503208972         HOFFMAN ESTATES                                     60192   IL                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    555,000.00                    555,000.00   First Lien                                    -          703,000.00                  148,000.00                      -          740,000.00                   75.00
2503208976         IRVINE                                              92602   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          630,000.00                   70,000.00             700,000.00          730,000.00                   80.00
2503208992         ARLINGTON HEIGHTS                                   60004   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    334,000.00                    334,000.00   First Lien                                    -          334,000.00                           -                      -          510,000.00                   65.49
2503208995         SOUTH HOLLAND                                       60473   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,500.00                    142,500.00   First Lien                                    -          190,000.00                   47,500.00             190,000.00          190,000.00                   75.00
2503208997         CARMICHAEL                                          95608   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    265,000.00                    265,000.00   First Lien                                    -          321,000.00                   56,000.00                      -          357,500.00                   74.13
2503209003         ALAMEDA                                             94501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          645,000.00                   28.68
2503209008         EWA BEACH                                           96706   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          617,500.00                  100,000.00                      -          650,000.00                   79.62
2503209022         THOUSAND OAKS                                       91230   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             794,484.00          795,000.00                   62.93
2503209032         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          308,000.00                           -                      -          475,000.00                   64.84
2503209040         SIMI VALLEY                                         93065   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          520,000.00                           -                      -          650,000.00                   80.00
2503209043         AURORA                                              60505   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          202,500.00                   45,000.00                      -          225,000.00                   70.00
2503209046         THOUSAND OAKS                                       91320   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    525,351.00                    525,351.00   First Lien                                    -          525,351.00                           -             750,502.00          751,000.00                   70.00
2503209048         BOCA RATON                                          33434   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          745,750.00                  117,750.00             785,000.00          785,000.00                   80.00
2503209066         PICO RIVERA                                         90660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          480,000.00                   58.33
2503209081         ORLANDO                                             32811   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    104,625.00                    104,625.00   First Lien                                    -          132,525.00                   27,900.00             139,500.00          150,000.00                   75.00
2503209089         CORONA                                              92880   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    387,000.00                    387,000.00   First Lien                                    -          387,000.00                           -                      -          705,000.00                   54.89
2503209090         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          690,000.00                   72.46
2503209092         SANTA CLARA                                         95051   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          407,750.00                   79,750.00                      -          410,000.00                   80.00
2503209093         SAN JOSE                                            95121   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          440,656.00                   40,656.00                      -          710,000.00                   56.34
2503209095         SAN PABLO                                           94806   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
2503209096         SAN FRANCISCO                                       94118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    511,110.00                    511,110.00   First Lien                                    -          638,887.00                  127,777.00             638,888.00          638,888.00                   80.00
2503209109         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          550,000.00                   21.82
2503209112         KNOXVILLE                                           37938   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00             285,000.00          285,000.00                   75.00
2503209115         LOS ANGELES                                         90022   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    396,000.00                    396,000.00   First Lien                                    -          465,000.00                   69,000.00                      -          495,000.00                   80.00
2503209119         PORTSMOUTH                                          23707   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,000.00                    133,000.00   First Lien                                    -          171,000.00                   38,000.00                      -          190,000.00                   70.00
2503209121         MURRIETA                                            92563   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209144         WHITE WATER                                         92282   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          240,000.00                   72,000.00             240,000.00          240,000.00                   70.00
2503209147         GRAIN VALLEY                                        64029   MO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    176,250.00                    176,250.00   First Lien                                    -          223,250.00                   47,000.00             235,000.00          240,000.00                   75.00
2503209154         CARMICHAEL                                          95608   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
2503209169         WAIPAHU                                             96797   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    126,000.00                    125,942.90   First Lien                                    -          126,000.00                           -                      -          185,000.00                   68.11
2503209182         DIAMOND BAR                                         91789   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          535,000.00                   80.00
2503209184         BLOOMINGTON                                         92316   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503209206         PALM BEACH GARDENS                                  33410   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          503,500.00                  106,000.00                      -          530,000.00                   75.00
2503209213         SAN BERNARDINO                                      92405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          295,000.00                   47.46
2503209215         CANYON COUNTRY AREA                                 91387   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    266,000.00                    266,000.00   First Lien                                    -          361,000.00                   95,000.00                      -          380,000.00                   70.00
2503209216         SYLMAR AREA                                         91342   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          515,000.00                   80.00
2503209229         ORLANDO                                             32821   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    248,850.00                    248,850.00   First Lien                                    -          248,850.00                           -             331,800.00          332,000.00                   75.00
2503209232         LOS ANGELES                                         91344   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    508,800.00                    508,800.00   First Lien                                    -          625,800.00                  117,000.00                      -          636,000.00                   80.00
2503209238         KANEOHE                                             96744   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -                      -          630,000.00                   70.00
2503209239         MANTECA                                             95336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          641,000.00                   74.88
2503209254         TAVARES                                             32778   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,700.00                    252,700.00   First Lien                                    -          252,700.00                           -             266,000.00          266,000.00                   95.00
2503209266         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503209270         HAYWARD                                             94541   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    608,000.00                    608,000.00   First Lien                                    -          760,000.00                  152,000.00             760,000.00          760,000.00                   80.00
2503209275         FONTANA                                             92336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          482,446.00                  182,446.00                      -          525,000.00                   57.14
2503209287         ELK GROVE                                           95757   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          655,000.00                   77.10
2503209289         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00                      -          515,000.00                   80.00
2503209300         CHARLESTON                                          29412   SC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    306,000.00                    306,000.00   First Lien                                    -          306,000.00                           -                      -          340,000.00                   90.00
2503209302         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    550,000.00                    550,000.00   First Lien                                    -          550,000.00                           -                      -          750,000.00                   73.33
2503209306         FORT WALTON BEACH                                   32547   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
2503209312         WINSTON SALEM                                       27105   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                     81,900.00                     81,900.00   First Lien                                    -           86,900.00                    5,000.00             100,000.00           91,000.00                   90.00
2503209318         OZONE PARK                                          11417   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503209336         RIVERSIDE                                           92504   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    380,000.00                    379,687.90   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
2503209346         KELSEYVILLE                                         95451   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          455,000.00                   47.47
2503209354         SAINT CLOUD                                         34769   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
2503209362         JERSEY CITY                                          7304   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          288,000.00                   48,000.00                      -          320,000.00                   75.00
2503209369         AREA OF COTO DE CAZA                                92679   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,000,000.00                  250,000.00           1,000,000.00        1,150,000.00                   75.00
2503209370         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209384         SAN JACINTO                                         92583   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    165,500.00                    165,500.00   First Lien                                    -          165,500.00                           -                      -          260,000.00                   63.65
2503209387         ANTIOCH                                             94531   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    611,000.00                    611,000.00   First Lien                                    -          760,133.00                  149,133.00                      -          850,000.00                   71.88
2503209389         BELLFLOWER                                          90706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          515,000.00                   48.74
2503209399         SAN JACINTO                                         92583   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          148,000.00                           -                      -          250,000.00                   59.20
2503209400         HERRIMAN                                            84096   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    584,000.00                    584,000.00   First Lien                                    -          584,000.00                           -                      -          733,000.00                   79.67
2503209409         GLENDALE                                            91208   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          707,000.00                   70.01
2503209416         WEST FRIENDSHIP                                     21794   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    514,000.00                    514,000.00   First Lien                                    -          642,500.00                  128,500.00             642,500.00          643,000.00                   80.00
2503209418         SAINT PAUL                                          55106   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00             175,000.00          179,000.00                   75.00
2503209422         SAN DIEGO                                           92154   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          520,000.00                   61.54
2503209436         LAS VEGAS                                           89129   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          410,000.00                   79.27
2503209452         WESTON                                              33327   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    630,400.00                    630,400.00   First Lien                                    -          788,000.00                  157,600.00             788,000.00          850,000.00                   80.00
2503209455         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,425.00                    262,425.00   First Lien                                    -          332,405.00                   69,980.00             349,900.00          349,900.00                   75.00
2503209457         RIVERSIDE                                           92506   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,050,000.00                  300,000.00           1,050,000.00        1,050,000.00                   71.43
2503209464         ANTELOPE                                            95843   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,800.00                    340,800.00   First Lien                                    -          398,800.00                   58,000.00                      -          426,000.00                   80.00
2503209471         SAN JOSE                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    519,200.00                    519,200.00   First Lien                                    -          519,200.00                           -                      -          649,000.00                   80.00
2503209474         VICTORVILLE                                         92395   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    276,450.00                    276,450.00   First Lien                                    -          276,450.00                           -                      -          395,000.00                   69.99
2503209477         SAN JOSE                                            95148   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
2503209478         FORT LAUDERDALE                                     33315   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,350.00                    217,350.00   First Lien                                    -          310,500.00                   93,150.00             310,500.00          350,000.00                   70.00
2503209485         LINCOLN                                             95648   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          458,803.00                   73.23
2503209496         APPLE VALLEY                                        55124   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    212,000.00                    212,000.00   First Lien                                    -          265,000.00                   53,000.00             265,000.00          265,000.00                   80.00
2503209498         BROOKLYN                                            11206   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209504         HOMESTEAD                                           33030   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    194,400.00                    194,400.00   First Lien                                    -          194,400.00                           -                      -          243,000.00                   80.00
2503209508         FORT LAUDERDALE                                     33318   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          261,000.00                   43,500.00             290,000.00          295,000.00                   75.00
2503209515         PLAINFIELD                                          60544   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,000.00                    338,000.00   First Lien                                    -          338,000.00                           -                      -          430,000.00                   78.60
2503209523         HOLLIS                                              11423   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          605,000.00                  121,000.00             605,000.00          605,000.00                   80.00
2503209535         GLENDALE                                            91205   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          470,000.00                   94,000.00             470,000.00          470,000.00                   80.00
2503209557         ATWATER                                             95301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          138,000.00                           -                      -          255,000.00                   54.12
2503209558         FONTANA                                             92335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          361,000.00                   76,000.00             380,000.00          390,000.00                   75.00
2503209564         POMONA                                              91766   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -                      -          635,000.00                   55.43
2503209587         LOS ANGELES                                         90062   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
2503209607         PROVIDENCE                                           2907   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    261,000.00                    261,000.00   First Lien                                    -          348,000.00                   87,000.00             348,000.00          348,000.00                   75.00
2503209610         TUSTIN                                              92780   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          640,000.00                   56.25
2503209615         WAIANAE                                             96792   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    257,000.00                    256,884.32   First Lien                                    -          257,000.00                           -                      -          380,000.00                   67.63
2503209632         JACKSONVILLE                                        32226   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          256,500.00                   40,500.00                      -          270,000.00                   80.00
2503209633         LAS VEGAS                                           89108   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          210,000.00                   80.00
2503209641         PARAMOUNT                                           90723   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
2503209646         CHESTERFIELD                                        23832   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,250.00                    116,250.00   First Lien                                    -          139,500.00                   23,250.00                      -          155,000.00                   75.00
2503209661         ROYAL  PALM BEACH                                   33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
2503209673         COACHELLA                                           92236   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
2503209675         VISTA                                               92083   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    357,000.00                    357,000.00   First Lien                                    -          357,000.00                           -                      -          420,000.00                   85.00
2503209685         NORTH LAUDERDALE                                    33068   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    242,100.00                    242,100.00   First Lien                                    -          242,100.00                           -             269,000.00          280,000.00                   90.00
2503209701         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          654,000.00                  136,500.00                      -          690,000.00                   75.00
2503209708         SALINAS                                             93905   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          545,000.00                   71.56
2503209716         RICHMOND HILL                                       11419   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    449,400.00                    449,400.00   First Lien                                    -          561,750.00                  112,350.00             561,800.00          565,000.00                   79.99
2503209737         BRONX                                               10462   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,250.00                    386,250.00   First Lien                                    -          489,250.00                  103,000.00             515,000.00          515,000.00                   75.00
2503209739         LOS ANGELES                                         90043   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,600.00                    385,600.00   First Lien                                    -          433,800.00                   48,200.00                      -          482,000.00                   80.00
2503209740         CORAL SPRINGS                                       33065   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    261,750.00                    261,750.00   First Lien                                    -          349,000.00                   87,250.00             349,000.00          415,000.00                   75.00
2503209742         INGLEWOOD                                           90305   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          482,550.00                   40,050.00                      -          590,000.00                   75.00
2503209749         SARASOTA                                            34238   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          400,000.00                  100,000.00             400,000.00          400,000.00                   75.00
2503209755         BAKERSFIELD                                         93305   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,700.00                    175,700.00   First Lien                                    -          175,700.00                           -                      -          227,000.00                   77.40
2503209756         MENDOTA                                             93640   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          270,750.00                   42,750.00             285,000.00          285,000.00                   80.00
2503209765         AMARGOSA VALLEY                                     89020   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    112,000.00                    112,000.00   First Lien                                    -          112,000.00                           -                      -          170,000.00                   65.88
2503209773         SEATTLE                                             98118   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    323,500.00                    323,500.00   First Lien                                    -          323,500.00                           -                      -          500,000.00                   64.70
2503209780         LAWNDALE                                            90260   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          680,000.00                   47.79
2503209786         SUNNY ISLES BEACH                                   33160   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00                      -          350,000.00                   80.00
2503209787         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    800,000.00                    800,000.00   First Lien                                    -        1,186,550.00                  386,550.00           1,249,000.00        1,249,000.00                   64.05
2503209818         ALGONQUIN                                           60102   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,750.00                    252,750.00   First Lien                                    -          337,000.00                   84,250.00             337,000.00          337,000.00                   75.00
2503209832         MYRTLE BEACH                                        29579   SC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,400.00                    128,400.00   First Lien                                    -          152,475.00                   24,075.00             160,500.00          165,000.00                   80.00
2503209839         SNELLVILLE                                          30078   GA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    110,400.00                    110,400.00   First Lien                                    -          110,400.00                           -                      -          125,000.00                   88.32
2503209843         HOMESTEAD                                           33032   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503209854         GARDENA                                             90249   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    357,500.00                    357,500.00   First Lien                                    -          357,500.00                           -                      -          550,000.00                   65.00
2503209864         CHARLOTTE                                           28269   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00                      -          350,000.00                   80.00
2503209866         LOS ANGELES (PACOIMA AREA                           91331   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          289,000.00                   80.00
2503209874         RANCHO CUCAMONGA                                    91730   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    303,500.00                    303,500.00   First Lien                                    -          303,500.00                           -                      -          425,000.00                   71.41
2503209880         STOCKTON                                            95210   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          298,000.00                   68.12
2503209881         CULVER CITY                                         90230   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          672,000.00                  168,000.00                      -          672,000.00                   75.00
2503209883         NORTH LAS VEGAS                                     89031   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          430,000.00                   79.07
2503209889         WILLOWBROOK                                         60527   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    117,750.00                    117,750.00   First Lien                                    -          157,000.00                   39,250.00             157,000.00          158,000.00                   75.00
2503209891         LEHIGH ACRES                                        33971   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          259,200.00                           -                      -          324,000.00                   80.00
2503209896         KEAAU                                               96749   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    221,600.00                    221,600.00   First Lien                                    -          221,600.00                           -                      -          277,000.00                   80.00
2503209907         POMONA                                              91767   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    189,750.00                    189,750.00   First Lien                                    -          253,000.00                   63,250.00             253,000.00          290,000.00                   75.00
2503209931         HIALEAH                                             33014   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,592.00                    149,592.00   First Lien                                    -          186,990.00                   37,398.00             186,990.00          191,000.00                   80.00
2503209937         SAN JOSE                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          680,000.00                   56.62
2503209942         HICKSVILLE                                          11801   NY                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    442,450.00                    442,450.00   First Lien                                    -          553,100.00                  110,650.00             553,100.00          555,000.00                   79.99
2503209945         PORTSMOUTH                                          23707   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          200,000.00                   25,000.00                      -          250,000.00                   70.00
2503209958         SAN FRANCISCO                                       94131   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          515,000.00                   64.47
2503209971         DAVIE                                               33328   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00             215,000.00          263,000.00                   70.00
2503209975         WALDORF                                             20603   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          408,000.00                           -                      -          510,000.00                   80.00
2503209984         PICO RIVERA                                         90660   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    294,000.00                    294,000.00   First Lien                                    -          420,000.00                  126,000.00             420,000.00          425,000.00                   70.00
2503209992         COVINA AREA                                         91722   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          489,000.00                   53.17
2503209994         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    494,400.00                    494,400.00   First Lien                                    -          618,000.00                  123,600.00             618,000.00          650,000.00                   80.00
2503209998         HAWTHORNE                                           90250   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    427,920.00                    427,920.00   First Lien                                    -          534,900.00                  106,980.00             534,900.00          545,000.00                   80.00
2503210000         DUNN LORING                                         22027   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    690,000.00                    690,000.00   First Lien                                    -          690,000.00                           -                      -        1,050,000.00                   65.71
2503210002         MIAMI                                               33131   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          569,600.00                   80.00
2503210019         OAKLAND                                             94602   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    584,000.00                    584,000.00   First Lien                                    -          693,500.00                  109,500.00                      -          730,000.00                   80.00
2503210030         MIAMI                                               33176   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    119,250.00                    119,250.00   First Lien                                    -          159,000.00                   39,750.00             159,000.00          168,000.00                   75.00
2503210031         PEMBROKE PINES                                      33025   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    118,000.00                    118,000.00   First Lien                                    -          118,000.00                           -                      -          160,000.00                   73.75
2503210042         RENO                                                89523   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    347,000.00                    347,000.00   First Lien                                    -          347,000.00                           -                      -          625,000.00                   55.52
2503210043         MORENO VALLEY                                       92557   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    391,000.00                    391,000.00   First Lien                                    -          391,000.00                           -                      -          460,000.00                   85.00
2503210044         EL CAJON                                            92021   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          455,000.00                   79.12
2503210061         VALLEJO                                             94591   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    254,000.00                    254,000.00   First Lien                                    -          254,000.00                           -                      -          350,000.00                   72.57
2503210069         AIEA                                                96701   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    482,000.00                    482,000.00   First Lien                                    -          482,000.00                           -                      -          830,000.00                   58.07
2503210072         OAKLEY                                              94561   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,000.00                    191,000.00   First Lien                                    -          191,000.00                           -                      -          442,000.00                   43.21
2503210077         CHICAGO                                             60636   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          152,000.00                   32,000.00             160,000.00          165,000.00                   75.00
2503210078         HERCULES                                            94547   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,800.00                    452,800.00   First Lien                                    -          537,700.00                   84,900.00             566,000.00          575,000.00                   80.00
2503210097         AUBURN                                              98001   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,950.00                    352,950.00   First Lien                                    -          441,150.00                   88,200.00             441,200.00          448,000.00                   80.00
2503210111         CHICAGO                                             60647   IL                       20070401                20220301    FIXED                  No                                          180                    180                          180                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          390,000.00                   46.15
2503210121         STANTON                                             90680   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
2503210125         RICHMOND                                            23223   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00             160,000.00          165,000.00                   80.00
2503210134         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00                      -          270,000.00                   80.00
2503210138         DOWNEY                                              90241   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          385,000.00                   77.92
2503210140         WALDORF                                             20603   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    346,750.00                    346,750.00   First Lien                                    -          346,750.00                           -                      -          365,000.00                   95.00
2503210142         WOLCOTT                                              6716   CT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,500.00                    142,500.00   First Lien                                    -          142,500.00                           -                      -          190,000.00                   75.00
2503210147         LOS ANGELES AREA                                    90059   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          390,000.00                  117,000.00             390,000.00          390,000.00                   70.00
2503210159         SANTA CLARITA                                       91387   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          540,000.00                   80.00
2503210184         GREENFIELD                                          93927   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503210189         BROOKLYN                                            11205   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          655,500.00                  138,000.00             690,000.00          690,000.00                   75.00
2503210190         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          660,000.00                   80.00
2503210210         NEWPORT NEWS                                        23607   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    162,000.00                    162,000.00   First Lien                                    -          162,000.00                           -             180,000.00          181,600.00                   90.00
2503210212         NAPLES                                              34112   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    284,500.00                    284,500.00   First Lien                                    -          284,500.00                           -                      -          335,000.00                   84.93
2503210217         MONTGOMERY                                          60538   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    128,150.00                    128,150.00   First Lien                                    -          128,150.00                           -             134,900.00          135,000.00                   95.00
2503210231         STONE PARK                                          60165   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    149,000.00                    149,000.00   First Lien                                    -          249,900.00                  100,900.00             249,900.00          250,000.00                   59.62
2503210233         LAS VEGAS                                           89144   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00                      -          390,000.00                   80.00
2503210243         APPLE VALLEY                                        92307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,500.00                    248,500.00   First Lien                                    -          355,000.00                  106,500.00                      -          355,000.00                   70.00
2503210257         JAMAICA                                             11433   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          585,000.00                   80.00
2503210268         FRESNO                                              93702   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    110,500.00                    110,500.00   First Lien                                    -          110,500.00                           -             130,000.00          130,000.00                   85.00
2503210275         LOS ANGELES (SYLMAR AREA)                           91342   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    464,000.00                    464,000.00   First Lien                                    -          580,000.00                  116,000.00             580,000.00          580,000.00                   80.00
2503210287         STOCKTON                                            95209   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    301,600.00                    301,600.00   First Lien                                    -          377,000.00                   75,400.00             377,000.00          380,000.00                   80.00
2503210288         HIALEAH                                             33018   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          350,000.00                   82.57
2503210293         CORAL GABLES                                        33134   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,400.00                    172,400.00   First Lien                                    -          206,850.00                   34,450.00             229,900.00          229,900.00                   74.99
2503210296         ORLANDO                                             32818   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    163,500.00                    163,500.00   First Lien                                    -          207,100.00                   43,600.00                      -          218,000.00                   75.00
2503210297         BELL GARDENS                                        90201   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          340,000.00                   75.00
2503210303         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,250.00                    338,250.00   First Lien                                    -          451,000.00                  112,750.00             451,000.00          451,000.00                   75.00
2503210320         SACRAMENTO                                          95832   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          265,000.00                   76.23
2503210342         MIAMI                                               33134   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    167,700.00                    167,700.00   First Lien                                    -          223,600.00                   55,900.00             223,600.00          225,000.00                   75.00
2503210346         KENT                                                98031   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    263,000.00                    263,000.00   First Lien                                    -          263,000.00                           -                      -          317,000.00                   82.97
2503210348         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,450.00                    442,450.00   First Lien                                    -          553,100.00                  110,650.00             553,100.00          590,000.00                   79.99
2503210350         HUNTINGTON PARK                                     90256   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          420,000.00                   80.00
2503210365         KIRKLAND                                            98034   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    278,000.00                    278,000.00   First Lien                                    -          278,000.00                           -                      -          375,000.00                   74.13
2503210377         RUSKIN                                              33570   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    137,000.00                    137,000.00   First Lien                                    -          137,000.00                           -                      -          260,000.00                   52.69
2503210390         SAN MARCOS                                          92069   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    442,000.00                    442,000.00   First Lien                                    -          442,000.00                           -                      -          520,000.00                   85.00
2503210391         CITRUS HEIGHTS                                      95621   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          335,000.00                   55.22
2503210393         SNOHOMISH                                           98296   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,200.00                    599,200.00   First Lien                                    -          749,000.00                  149,800.00             749,000.00          801,000.00                   80.00
2503210404         OAKLAND                                             94621   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          555,000.00                   45.05
2503210406         LOS ANGELES (WEST HILLS A                           91307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    572,000.00                    572,000.00   First Lien                                    -          715,000.00                  143,000.00             715,000.00          800,000.00                   80.00
2503210409         LAKEWOOD                                            90712   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          517,500.00                   57,500.00                      -          575,000.00                   80.00
2503210421         MAPLE VALLEY                                        98038   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    286,500.00                    286,500.00   First Lien                                    -          286,500.00                           -                      -          359,000.00                   79.81
2503210445         MIAMI                                               33150   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    134,000.00                    134,000.00   First Lien                                    -          134,000.00                           -                      -          290,000.00                   46.21
2503210451         CAPE CORAL                                          33914   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          601,000.00                   80.00
2503210457         HONOLULU                                            96817   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          278,000.00                   80.00
2503210458         COVINA                                              91724   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          565,000.00                   66.37
2503210465         LAS VEGAS                                           89178   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    498,688.00                    498,688.00   First Lien                                    -          623,360.00                  124,672.00             623,360.00          624,000.00                   80.00
2503210469         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,500.00                    336,500.00   First Lien                                    -          336,500.00                           -                      -          475,000.00                   70.84
2503210487         ROYAL PALM BEACH                                    33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    145,500.00                    145,500.00   First Lien                                    -          184,300.00                   38,800.00             194,000.00          196,000.00                   75.00
2503210493         LAS VEGAS                                           89117   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    303,570.00                    303,570.00   First Lien                                    -          303,570.00                           -                      -          360,000.00                   84.33
2503210503         NORTH LAS VEGAS                                     89030   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          265,000.00                   76.23
2503210505         LANCASTER                                           93534   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          247,500.00                           -                      -          330,000.00                   75.00
2503210511         FAIRFAX                                             22033   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    357,700.00                    357,700.00   First Lien                                    -          357,700.00                           -                      -          511,000.00                   70.00
2503210520         TEMPLE CITY                                         91780   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             505,000.00          500,000.00                   80.00
2503210527         HILO                                                96720   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          919,500.00                   67.97
2503210533         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          432,500.00                   80.00
2503210540         SEATTLE                                             98122   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          375,250.00                   79,000.00             395,000.00          425,000.00                   75.00
2503210546         MIAMI                                               33166   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,800.00                    140,800.00   First Lien                                    -          187,700.00                   46,900.00             187,800.00          190,000.00                   74.97
2503210555         MIAMI                                               33137   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    309,600.00                    309,600.00   First Lien                                    -          387,000.00                   77,400.00             387,000.00          387,000.00                   80.00
2503210561         LYNWOOD                                             90262   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          530,000.00                  132,500.00             530,000.00          530,000.00                   75.00
2503210570         BRIDGEPORT                                           6610   CT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          300,000.00                   46.67
2503210572         FONTANA                                             92337   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          372,000.00                           -                      -          450,000.00                   82.67
2503210577         SACRAMENTO                                          95829   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -                      -          510,000.00                   73.92
2503210579         POMONA                                              91766   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,200.00                    375,200.00   First Lien                                    -          445,550.00                   70,350.00                      -          470,000.00                   79.83
2503210597         AVENTURA                                            33180   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    272,700.00                    272,700.00   First Lien                                    -          340,850.00                   68,150.00             340,900.00          360,000.00                   79.99
2503210609         MILL VALLEY                                         94941   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -        1,450,000.00                   30.34
2503210623         WILLIAMSBURG                                        23185   VA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    293,250.00                    293,250.00   First Lien                                    -          293,250.00                           -                      -          488,500.00                   60.03
2503210625         NEWPORT NEWS                                        23607   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    134,100.00                    134,100.00   First Lien                                    -          134,100.00                           -             149,000.00          150,500.00                   90.00
2503210637         SPRINGFIELD GARDENS                                 11413   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    556,000.00                    556,000.00   First Lien                                    -          695,000.00                  139,000.00             695,000.00          695,000.00                   80.00
2503210640         ELK GROVE                                           95624   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          515,000.00                   66.02
2503210648         NORTH MIAMI                                         33181   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          720,000.00                  180,000.00             720,000.00          720,000.00                   75.00
2503210666         GRANBY                                               6035   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          280,000.00                   85.00
2503210668         NATIONAL CITY                                       91950   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          420,000.00                  105,000.00                      -          420,000.00                   75.00
2503210672         BALDWIN PARK                                        91706   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          385,000.00                   75.00
2503210674         PALMDALE                                            93550   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          342,250.00                   46,000.00                      -          395,000.00                   75.00
2503210691         FRESNO                                              93710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          295,000.00                   71.19
2503210693         PALM SPRINGS                                        92262   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    313,800.00                    313,800.00   First Lien                                    -          389,230.00                   75,430.00                      -          478,000.00                   65.65
2503210707         (SYLMAR AREA) LOS ANGELES                           91342   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          550,000.00                   76.36
2503210718         TRACY                                               95377   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          465,000.00                           -             665,000.00          665,000.00                   69.92
2503210722         WINCHESTER                                          92596   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    330,000.00                    330,000.00   First Lien                                    -          392,800.00                   62,800.00                      -          440,000.00                   75.00
2503210726         RENTON                                              98056   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    286,000.00                    286,000.00   First Lien                                    -          286,000.00                           -                      -          395,000.00                   72.41
2503210732         STANTON                                             90680   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,250.00                    257,250.00   First Lien                                    -          343,000.00                   85,750.00             343,000.00          355,000.00                   75.00
2503210746         SAN JOSE                                            95122   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    503,700.00                    503,700.00   First Lien                                    -          503,700.00                           -                      -          697,000.00                   72.27
2503210757         LOS ANGELES                                         90002   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          410,000.00                   89.76
2503210765         NEWARK                                               7105   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    527,200.00                    527,200.00   First Lien                                    -          659,000.00                  131,800.00             659,000.00          659,000.00                   80.00
2503210767         EVERETT                                             98208   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          366,000.00                   79.23
2503210789         WEST PALM BEACH                                     33407   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          240,000.00                   48,000.00             240,000.00          325,000.00                   80.00
2503210791         CORONA                                              11368   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    612,500.00                    612,500.00   First Lien                                    -          612,500.00                           -                      -          875,000.00                   70.00
2503210806         CHICO                                               95926   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          240,000.00                   58.33
2503210816         CHICAGO                                             60618   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          380,000.00                   75.00
2503210826         SAN JOSE                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          735,000.00                   68.03
2503210828         CHICAGO                                             60640   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,400.00                    238,400.00   First Lien                                    -          298,000.00                   59,600.00             298,000.00          299,000.00                   80.00
2503210856         FULLERTON                                           92832   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          576,000.00                   69.44
2503210859         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503210865         WHITTIER                                            90601   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00           1,225,000.00        1,225,000.00                   61.22
2503210875         BRADENTON                                           34209   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                    243,000.00                    243,000.00   First Lien                                    -          243,000.00                           -                      -          259,000.00                   93.82
2503210896         TINLEY PARK                                         60477   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          215,000.00                   64,500.00             215,000.00          215,000.00                   70.00
2503210912         BELLFLOWER                                          90706   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          520,000.00                  104,000.00             520,000.00          520,000.00                   80.00
2503210937         MIAMI                                               33172   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    226,400.00                    226,400.00   First Lien                                    -          226,400.00                           -             283,000.00          290,000.00                   80.00
2503210939         OAKLEY                                              94561   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
2503210944         PORTLAND                                            97206   OR                       20070501                20370401    FIXED                  No                                          360                    360                          360                    191,700.00                    191,700.00   First Lien                                    -          191,700.00                           -                      -          213,000.00                   90.00
2503210949         PETALUMA                                            94954   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,500.00                    368,500.00   First Lien                                    -          368,500.00                           -                      -          640,000.00                   57.58
2503210951         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00             475,000.00          520,000.00                   80.00
2503210957         ESCONDIDO                                           92025   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,720.00                    270,720.00   First Lien                                    -          270,720.00                           -             338,400.00          340,000.00                   80.00
2503210968         WILLIAMSBURG                                        23188   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          240,000.00                   75.00
2503210983         SANTA CLARITA                                       91387   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          540,000.00                   56,000.00                      -          605,000.00                   80.00
2503211011         HALLANDALE BEACH                                    33009   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,750.00                    258,750.00   First Lien                                    -          345,000.00                   86,250.00             345,000.00          345,000.00                   75.00
2503211018         WYANDANCH                                           11798   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
2503211019         WESTON                                              33326   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    154,650.00                    154,650.00   First Lien                                    -          206,200.00                   51,550.00             206,200.00          213,000.00                   75.00
2503211025         ELLENSBURG                                          98926   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    178,400.00                    178,400.00   First Lien                                    -          178,400.00                           -                      -          223,000.00                   80.00
2503211040         MILLBRAE                                            94030   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    924,000.00                    924,000.00   First Lien                                    -          924,000.00                           -                      -        1,155,000.00                   80.00
2503211041         MIAMI                                               33196   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,750.00                    228,750.00   First Lien                                    -          305,000.00                   76,250.00             305,000.00          305,000.00                   75.00
2503211057         IRVINE                                              92602   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          690,000.00                  172,500.00                      -          690,000.00                   75.00
2503211061         CLOVIS                                              93619   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,000.00                    217,000.00   First Lien                                    -          217,000.00                           -                      -          355,000.00                   61.13
2503211067         ALGONQUIN                                           60102   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          420,000.00                   58.81
2503211078         PALMDALE                                            93551   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    387,000.00                    387,000.00   First Lien                                    -          387,000.00                           -                      -          520,000.00                   74.42
2503211085         PHOENIX                                             85042   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,500.00                    191,500.00   First Lien                                    -          191,500.00                           -                      -          258,000.00                   74.22
2503211088         HENDERSONVILLE                                      28739   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          375,000.00                   76.00
2503211096         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -          715,000.00                   74.13
2503211119         POINCIANA                                           34759   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    204,300.00                    204,300.00   First Lien                                    -          279,900.00                   75,600.00             279,900.00          287,000.00                   72.99
2503211121         SAINT PAUL                                          55106   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                     76,500.00                     76,500.00   First Lien                                    -           76,500.00                           -              85,000.00           88,000.00                   90.00
2503211137         LAS VEGAS                                           89108   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    167,200.00                    167,200.00   First Lien                                    -          209,000.00                   41,800.00             209,000.00          225,000.00                   80.00
2503211140         CRESTVIEW                                           32539   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,400.00                    190,400.00   First Lien                                    -          238,000.00                   47,600.00             238,000.00          238,000.00                   80.00
2503211158         FRANKLIN SQUARE                                     11010   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00                      -          750,000.00                   75.00
2503211161         SILVER SPRING                                       20906   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    276,500.00                    276,500.00   First Lien                                    -          276,500.00                           -                      -          395,000.00                   70.00
2503211166         SACRAMENTO                                          95828   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    197,000.00                    197,000.00   First Lien                                    -          197,000.00                           -                      -          305,000.00                   64.59
2503211168         DEDHAM                                               2026   MA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
2503211173         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    619,000.00                    619,000.00   First Lien                                    -          619,000.00                           -                      -          885,000.00                   69.94
2503211178         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,500.00                    376,500.00   First Lien                                    -          502,000.00                  125,500.00             502,000.00          502,000.00                   75.00
2503211184         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
2503211195         FLORIDA CITY                                        33034   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          280,000.00                   70,000.00             280,000.00          280,000.00                   75.00
2503211210         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00                      -          385,000.00                   80.00
2503211225         LOS ANGELES                                         90025   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -          810,000.00                   65.43
2503211229         PALATINE                                            60074   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          182,000.00                   45,500.00                      -          189,000.00                   72.22
2503211239         LAS VEGAS                                           89109   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          205,000.00                   65.85
2503211240         CAMARILLO                                           93012   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    565,000.00                    565,000.00   First Lien                                    -          565,000.00                           -                      -          715,000.00                   79.02
2503211251         HILLSBORO                                           97123   OR                       20070501                20370401    ARMS                   No                                          360                    360                          360                    237,600.00                    237,600.00   First Lien                                    -          297,000.00                   59,400.00                      -          297,000.00                   80.00
2503211285         HIGHLAND                                            92346   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          385,000.00                   80.00
2503211287         BEAUFORT                                            29902   SC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    123,750.00                    123,750.00   First Lien                                    -          148,500.00                   24,750.00                      -          165,000.00                   75.00
2503211306         VALLEJO                                             94590   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
2503211336         OAKLEY                                              94561   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          458,000.00                   50,000.00                      -          510,000.00                   80.00
2503211337         CITRUS HEIGHTS                                      95610   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    218,000.00                    218,000.00   First Lien                                    -          218,000.00                           -                      -          405,000.00                   53.83
2503211341         SANTA ANA                                           92704   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    241,000.00                    241,000.00   First Lien                                    -          241,000.00                           -                      -          840,000.00                   28.69
2503211358         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00                      -          665,000.00                   80.00
2503211369         TORRANCE                                            90501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          555,000.00                   45.05
2503211371         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    254,800.00                    254,800.00   First Lien                                    -          318,500.00                   63,700.00             318,500.00          330,000.00                   80.00
2503211372         SAN CLEMENTE                                        92673   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    711,000.00                    711,000.00   First Lien                                    -          711,000.00                           -                      -          905,000.00                   78.56
2503211411         CHICAGO                                             60623   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          324,000.00                   72,000.00                      -          360,000.00                   70.00
2503211421         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,500.00                    238,500.00   First Lien                                    -          238,500.00                           -                      -          265,000.00                   90.00
2503211423         LAS VEGAS                                           89110   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          142,500.00                   22,500.00                      -          150,000.00                   80.00
2503211424         SOUTHOLD                                            11971   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    576,000.00                    576,000.00   First Lien                                    -          720,000.00                  144,000.00             720,000.00          725,000.00                   80.00
2503211434         MARINA                                              93933   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          575,000.00                   80.00
2503211439         HUNTINGTON BEACH                                    92647   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          627,000.00                   99,000.00                      -          660,000.00                   80.00
2503211441         SACRAMENTO                                          95823   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          335,000.00                   68.66
2503211442         RIVERSIDE AREA                                      92503   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          525,000.00                   79.43
2503211445         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          760,000.00                   75.00
2503211454         MORENO VALLEY                                       92535   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    250,400.00                    250,400.00   First Lien                                    -          313,000.00                   62,600.00             313,000.00          340,000.00                   80.00
2503211482         HOMESTEAD                                           33033   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
2503211484         WELLINGTON                                          33467   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          875,000.00                  237,500.00             950,000.00          950,000.00                   67.11
2503211486         MIAMI                                               33155   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,250.00                    137,250.00   First Lien                                    -          171,600.00                   34,350.00             171,600.00          171,600.00                   79.98
2503211494         SEATTLE                                             98108   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    356,500.00                    356,500.00   First Lien                                    -          356,500.00                           -                      -          415,000.00                   85.90
2503211517         ORANGEVALE                                          95662   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    412,000.00                    412,000.00   First Lien                                    -          412,000.00                           -                      -          665,000.00                   61.95
2503211551         WEST PALM BEACH                                     33409   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,175.00                    164,175.00   First Lien                                    -          218,900.00                   54,725.00             218,900.00          218,900.00                   75.00
2503211552         ANAHEIM                                             92805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          548,000.00                           -                      -          913,500.00                   59.99
2503211555         MUNDELEIN                                           60060   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          607,200.00                  112,200.00                      -          660,000.00                   75.00
2503211560         BLOOMINGTON                                         92315   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          386,000.00                           -                      -          515,000.00                   74.95
2503211571         CRANSTON                                             2910   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    258,000.00                    258,000.00   First Lien                                    -          258,000.00                           -                      -          305,000.00                   84.59
2503211577         MIAMI                                               33165   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          455,000.00                   68.13
2503211587         SAN DIEGO                                           92126   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -             460,000.00          495,000.00                   80.00
2503211595         BROOKLYN                                            11210   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    647,500.00                    647,500.00   First Lien                                    -          647,500.00                           -                      -          925,000.00                   70.00
2503211609         WEST SACRAMENTO                                     95691   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    130,500.00                    130,500.00   First Lien                                    -          130,500.00                           -                      -          404,000.00                   32.30
2503211614         JACKSONVILLE                                        32207   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    178,830.00                    178,830.00   First Lien                                    -          178,830.00                           -             198,700.00          198,700.00                   90.00
2503211619         SANTA MONICA                                        90405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    469,000.00                    469,000.00   First Lien                                    -          469,000.00                           -                      -        1,160,000.00                   40.43
2503211630         ELMHURST                                            60126   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    299,800.00                    299,800.00   First Lien                                    -          299,800.00                           -                      -          456,000.00                   65.75
2503211632         SACRAMENTO                                          95828   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    153,000.00                    153,000.00   First Lien                                    -          153,000.00                           -                      -          280,000.00                   54.64
2503211640         ORLANDO                                             32832   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -             420,000.00          425,000.00                   80.00
2503211651         POMONA                                              91766   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    286,000.00                    286,000.00   First Lien                                    -          286,000.00                           -                      -          420,000.00                   68.10
2503211664         RIVERSIDE                                           92509   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
2503211665         YUCCA VALLEY                                        92284   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          270,000.00                   45,000.00                      -          300,000.00                   75.00
2503211666         SACRAMENTO                                          95829   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    281,250.00                    281,250.00   First Lien                                    -          336,500.00                   55,250.00                      -          375,000.00                   75.00
2503211673         NAPLES                                              34105   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          309,000.00                   62.14
2503211676         LAMONT AREA                                         93241   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    159,000.00                    159,000.00   First Lien                                    -          159,000.00                           -                      -          200,000.00                   79.50
2503211685         KEAAU                                               96749   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          175,750.00                   27,750.00             185,000.00          211,500.00                   80.00
2503211688         LOS ANGELES (GRANADA HILL                           91344   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
2503211714         LOXAHATCHEE                                         33470   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,600.00                    257,600.00   First Lien                                    -          257,600.00                           -             322,000.00          350,000.00                   80.00
2503211736         LOS ANGELES (MISSION HILL                           91345   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          525,000.00                   80.00
2503211750         STOCKTON                                            95212   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,600.00                    405,600.00   First Lien                                    -          405,600.00                           -                      -          507,000.00                   80.00
2503211764         COMPTON                                             90222   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
2503211770         SANTA ANA                                           92703   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    409,500.00                    409,500.00   First Lien                                    -          409,500.00                           -                      -          630,000.00                   65.00
2503211778         CHICAGO                                             60647   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,500.00                    322,500.00   First Lien                                    -          430,000.00                  107,500.00                      -          440,000.00                   73.30
2503211783         SALINAS                                             93908   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    956,000.00                    956,000.00   First Lien                                    -        1,195,000.00                  239,000.00           1,195,000.00        1,195,000.00                   80.00
2503211788         FRESNO                                              93722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
2503211791         VALLEY CENTER                                       92082   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          900,000.00                   55.56
2503211813         CENTERVILLE                                         84014   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    151,200.00                    151,200.00   First Lien                                    -          194,400.00                   43,200.00                      -          216,000.00                   70.00
2503211826         LOS ANGELES (WILMINGTON A                           90744   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,100.00                    450,100.00   First Lien                                    -          578,700.00                  128,600.00                      -          643,000.00                   70.00
2503211835         SAINT PETERSBURG                                    33705   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    122,000.00                    122,000.00   First Lien                                    -          122,000.00                           -                      -          175,000.00                   69.71
2503211849         TRACY                                               95391   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          728,450.00                   80.00
2503211861         SEATTLE                                             98144   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    409,112.00                    409,112.00   First Lien                                    -          485,820.00                   76,708.00             511,390.00          511,390.00                   80.00
2503211862         WINDSOR                                             95492   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          472,000.00                           -                      -          590,000.00                   80.00
2503211876         GREENSBORO                                          27406   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    103,500.00                    103,500.00   First Lien                                    -          124,200.00                   20,700.00                      -          138,000.00                   75.00
2503211884         MIAMI                                               33177   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          320,000.00                   80,000.00             320,000.00          320,000.00                   75.00
2503211890         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    418,000.00                    418,000.00   First Lien                                    -          418,000.00                           -                      -          759,000.00                   55.07
2503211897         WAHIAWA                                             96786   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          424,000.00                           -                      -          530,000.00                   80.00
2503211911         EWA BEACH                                           96706   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
2503211913         SANTA ANA                                           92707   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          259,200.00                           -                      -          480,000.00                   54.00
2503211922         FORT PIERCE                                         34953   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,000.00                    191,000.00   First Lien                                    -          191,000.00                           -                      -          275,000.00                   69.45
2503211924         PFLUGERVILLE                                        78660   TX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    102,386.00                    102,386.00   First Lien                                    -          122,386.00                   20,000.00             128,828.00          132,000.00                   79.47
2503211927         GULF BREEZE                                         32563   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    146,000.00                    146,000.00   First Lien                                    -          146,000.00                           -                      -          195,000.00                   74.87
2503211931         SALINAS                                             93905   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    313,000.00                    313,000.00   First Lien                                    -          313,000.00                           -                      -          635,000.00                   49.29
2503211939         CHICAGO                                             60643   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          290,000.00                   68.97
2503211953         MIAMI                                               33175   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    463,000.00                    463,000.00   First Lien                                    -          463,000.00                           -                      -          767,000.00                   60.37
2503211957         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    413,000.00                    413,000.00   First Lien                                    -          413,000.00                           -                      -          590,000.00                   70.00
2503211961         CICERO                                              46034   IN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    104,500.00                    104,500.00   First Lien                                    -          104,500.00                           -             120,550.00          121,000.00                   86.69
2503211965         CLAREMONT                                           91711   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          995,000.00                  245,000.00             995,000.00        1,075,000.00                   75.38
2503211975         ANAHEIM                                             92806   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    293,000.00                    293,000.00   First Lien                                    -          293,000.00                           -                      -          440,000.00                   66.59
2503211976         LODI                                                95240   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503211977         DALY CITY                                           94014   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,500.00                    500,500.00   First Lien                                    -          500,500.00                           -                      -          770,000.00                   65.00
2503211986         SANTA CLARITA                                       91381   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,750.00                    288,750.00   First Lien                                    -          365,750.00                   77,000.00             385,000.00          430,000.00                   75.00
2503211987         MCKINLEYVILLE AREA                                  95519   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          375,000.00                   48.00
2503212006         SACRAMENTO                                          95824   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          414,000.00                   46,000.00                      -          460,000.00                   80.00
2503212011         LONG BEACH                                          90805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          450,000.00                   55.78
2503212016         HOLLYWOOD                                           33019   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    193,125.00                    193,125.00   First Lien                                    -          244,625.00                   51,500.00             257,500.00          309,000.00                   75.00
2503212021         SEATTLE                                             98118   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00                      -          465,000.00                   80.00
2503212024         BREMERTON                                           98312   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00                      -          210,000.00                   80.00
2503212047         COMPTON                                             90221   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    327,000.00                    327,000.00   First Lien                                    -          327,000.00                           -                      -          470,000.00                   69.57
2503212049         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    637,000.00                    637,000.00   First Lien                                    -          637,000.00                           -                      -          855,000.00                   74.50
2503212052         BAKERSFIELD                                         93311   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    276,000.00                    276,000.00   First Lien                                    -          345,000.00                   69,000.00                      -          345,000.00                   80.00
2503212065         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,600.00                    137,600.00   First Lien                                    -          172,000.00                   34,400.00             172,000.00          202,000.00                   80.00
2503212092         PACIFICA                                            94044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          800,000.00                   62.50
2503212098         RICHMOND                                            23235   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,200.00                    149,200.00   First Lien                                    -          186,500.00                   37,300.00             186,500.00          188,000.00                   80.00
2503212114         COTTAGE GROVE                                       55016   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    166,250.00                    166,250.00   First Lien                                    -          166,250.00                           -             175,000.00          240,000.00                   95.00
2503212117         WATSONVILLE                                         95076   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    399,000.00                    399,000.00   First Lien                                    -          399,000.00                           -                      -          800,000.00                   49.88
2503212123         RICHMOND                                            23234   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    107,200.00                    107,200.00   First Lien                                    -          134,000.00                   26,800.00             134,000.00          142,000.00                   80.00
2503212168         AVONDALE                                            85323   AZ                       20070401                20220301    FIXED                  No                                          180                    180                          180                    239,950.00                    239,950.00   First Lien                                    -          239,950.00                           -                      -          300,000.00                   79.98
2503212176         MYRTLE BEACH                                        29588   SC                       20070401                20220301    ARMS                   Yes                                         360                    480                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          200,000.00                   75.00
2503212179         HONOMU                                              96728   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          319,000.00                   68.97
2503212190         LATHROP                                             95330   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,800.00                    332,800.00   First Lien                                    -          332,800.00                           -                      -          416,000.00                   80.00
2503212204         LEHIGH ACRES                                        33971   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          240,000.00                   80.00
2503212205         CHICAGO                                             60707   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          330,000.00                   66,000.00             330,000.00          332,000.00                   80.00
2503212207         LINCOLN                                             95648   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          455,000.00                  113,750.00                      -          456,000.00                   74.84
2503212211         LAS VEGAS                                           89012   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00             215,000.00          215,000.00                   70.00
2503212213         STOCKTON                                            95205   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    100,001.00                    100,001.00   First Lien                                    -          100,001.00                           -                      -          250,000.00                   40.00
2503212227         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00                      -          600,000.00                   67.50
2503212233         CHICAGO                                             60652   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          245,000.00                   49,000.00             245,000.00          251,000.00                   80.00
2503212242         EUSTIS                                              32736   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          448,000.00                   80.00
2503212244         DOWNEY                                              90242   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          630,000.00                   79.37
2503212245         HAIKU                                               96708   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          532,000.00                           -                      -          665,000.00                   80.00
2503212253         KNOXVILLE                                           37924   TN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,250.00                    137,250.00   First Lien                                    -          173,850.00                   36,600.00                      -          183,000.00                   75.00
2503212255         ELLENSBURG                                          98926   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
2503212260         (GRANADA HILLS AREA) LOS                            91344   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          590,000.00                   80.00
2503212268         WHITTIER AREA                                       90606   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    335,300.00                    335,300.00   First Lien                                    -          479,000.00                  143,700.00             480,000.00          480,000.00                   69.85
2503212274         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    588,000.00                    588,000.00   First Lien                                    -          735,000.00                  147,000.00             735,000.00          735,000.00                   80.00
2503212310         SOLEDAD                                             93960   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,950.00                    487,950.00   First Lien                                    -          609,900.00                  121,950.00             609,950.00          610,000.00                   80.00
2503212312         LOS ANGELES                                         90061   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    437,500.00                    437,500.00   First Lien                                    -          437,500.00                           -                      -          625,000.00                   70.00
2503212319         LA PUENTE AREA                                      91744   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
2503212327         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          320,000.00                   56.25
2503212330         LEHIGH ACRES                                        33936   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,400.00                    230,400.00   First Lien                                    -          288,000.00                   57,600.00             288,000.00          290,000.00                   80.00
2503212333         HOMESTEAD                                           33033   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    233,271.00                    233,271.00   First Lien                                    -          277,009.00                   43,738.00             291,589.00          305,000.00                   80.00
2503212334         MORENO VALLEY                                       92551   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    318,750.00                    318,750.00   First Lien                                    -          403,750.00                   85,000.00                      -          429,000.00                   74.30
2503212343         REDONDO BEACH                                       90277   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,200.00                    445,200.00   First Lien                                    -          445,200.00                           -                      -          700,000.00                   63.60
2503212350         LAS VEGAS                                           89115   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    183,750.00                    183,750.00   First Lien                                    -          183,750.00                           -                      -          245,000.00                   75.00
2503212351         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503212366         SEA-TAC                                             98198   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    433,600.00                    433,600.00   First Lien                                    -          433,600.00                           -             542,000.00          542,000.00                   80.00
2503212375         COMPTON                                             90221   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    292,500.00                    292,500.00   First Lien                                    -          390,000.00                   97,500.00             390,000.00          390,000.00                   75.00
2503212387         ONTARIO                                             91761   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    474,750.00                    474,750.00   First Lien                                    -          633,000.00                  158,250.00                      -          633,000.00                   75.00
2503212401         MIAMI                                               33131   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          850,000.00                  170,000.00             850,000.00          850,000.00                   80.00
2503212425         COVINA                                              91722   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    334,000.00                    334,000.00   First Lien                                    -          334,000.00                           -                      -          595,000.00                   56.13
2503212436         UNION CITY                                          94587   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          610,000.00                  150,000.00                      -          680,000.00                   67.65
2503212439         PORT ORCHARD                                        98366   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          370,000.00                   68.92
2503212450         CLOVIS                                              93611   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    232,000.00                    232,000.00   First Lien                                    -          290,000.00                   58,000.00             290,000.00          299,000.00                   80.00
2503212456         HANFORD                                             93230   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    235,500.00                    235,500.00   First Lien                                    -          314,000.00                   78,500.00             314,056.00          315,000.00                   74.99
2503212457         MIAMI                                               33173   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          259,000.00                   75.68
2503212466         MAYWOOD                                             90270   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,000.00                    322,000.00   First Lien                                    -          460,000.00                  138,000.00             460,000.00          465,000.00                   70.00
2503212475         RICHMOND                                            94801   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          442,000.00                   67,000.00                      -          520,000.00                   72.12
2503212498         ALISO VIEJO                                         92656   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,999.00                    639,999.00   First Lien                                    -          799,999.00                  160,000.00             799,999.00          800,000.00                   80.00
2503212532         POMPANO BEACH                                       33068   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,900.00                    188,900.00   First Lien                                    -          269,850.00                   80,950.00             269,900.00          270,000.00                   69.99
2503212542         MODESTO                                             95355   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503212549         LOS ANGELES                                         90046   CA                       20070401                20270301    FIXED                  No                                          240                    240                          240                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -        1,310,000.00                   46.95
2503212563         BROOKLYN                                            11234   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503212582         GONZALES                                            93926   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -                      -          630,000.00                   56.35
2503212586         MINNEAPOLIS                                         55408   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          213,750.00                   56,250.00             225,000.00          225,000.00                   70.00
2503212587         (PACOIMA AREA) LOS ANGELE                           91331   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,200.00                    599,200.00   First Lien                                    -          749,000.00                  149,800.00             749,000.00          749,000.00                   80.00
2503212611         MIAMI                                               33135   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          532,000.00                  112,000.00             560,000.00          560,000.00                   75.00
2503212617         WESTFIELD                                           46074   IN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,400.00                    562,400.00   First Lien                                    -          749,850.00                  187,450.00             749,900.00          820,000.00                   75.00
2503212623         (CHATSWORTH AREA) LOS ANG                           91311   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    622,500.00                    622,500.00   First Lien                                    -          788,500.00                  166,000.00                      -          830,000.00                   75.00
2503212630         LONG BEACH                                          90810   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          555,000.00                   69.37
2503212638         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          494,000.00                  104,000.00                      -          520,000.00                   75.00
2503212647         PEMBROKE PINES                                      33029   FL                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
2503212649         CHICAGO                                             60639   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,000.00                    259,000.00   First Lien                                    -          399,000.00                  140,000.00                      -          400,000.00                   64.75
2503212651         MORENO VALLEY                                       92553   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    263,500.00                    263,500.00   First Lien                                    -          318,905.00                   55,405.00                      -          336,000.00                   78.42
2503212655         COVINA AREA                                         91722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    353,600.00                    353,600.00   First Lien                                    -          442,000.00                   88,400.00             442,000.00          442,000.00                   80.00
2503212677         LAKE ELSINORE                                       92530   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
2503212679         EWA BEACH                                           96706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          270,000.00                   80.00
2503212685         DUBLIN                                              94568   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          830,000.00                   45.18
2503212691         MAXWELL                                             95955   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    132,000.00                    131,943.00   First Lien                                    -          132,000.00                           -                      -          260,000.00                   50.77
2503212698         LINDSAY                                             93247   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          170,000.00                   20,000.00                      -          200,000.00                   75.00
2503212699         MORENO VALLEY                                       92553   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00                      -          470,000.00                   73.19
2503212712         LOS ANGELES (NORTH HOLLYW                           91605   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          534,000.00                   74.91
2503212713         LAHAINA                                             96761   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,320,000.00                   56.82
2503212716         MIAMI                                               33175   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
2503212723         SANTA ROSA                                          95405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    522,800.00                    522,800.00   First Lien                                    -          522,800.00                           -             653,500.00          655,000.00                   80.00
2503212725         BERKELEY                                            94702   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          712,500.00                  150,000.00             750,000.00          750,000.00                   75.00
2503212727         SAN DIEGO                                           92105   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -                      -          490,000.00                   90.00
2503212730         SAN JOSE                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
2503212744         ELK GROVE                                           95757   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          470,000.00                   94,000.00             470,000.00          470,000.00                   80.00
2503212750         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -                      -        1,300,000.00                   69.23
2503212767         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,750.00                    211,750.00   First Lien                                    -          211,750.00                           -                      -          304,000.00                   69.65
2503212783         TAMPA                                               33603   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00             275,000.00          323,000.00                   80.00
2503212789         CHICAGO                                             60618   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,300,000.00                  1,300,000.00   First Lien                                    -        1,700,000.00                  400,000.00                      -        2,600,000.00                   50.00
2503212811         PASADENA                                            91106   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          790,000.00                   75.95
2503212821         COMPTON                                             90221   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    279,000.00                    279,000.00   First Lien                                    -          279,000.00                           -                      -          405,000.00                   68.89
2503212829         HAYWARD                                             94545   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    406,000.00                    406,000.00   First Lien                                    -          456,000.00                   50,000.00                      -          580,000.00                   70.00
2503212852         EL DORADO HILLS                                     95762   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    554,000.00                    554,000.00   First Lien                                    -          554,000.00                           -                      -          729,000.00                   75.99
2503212855         POMPANO BEACH                                       33069   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -             210,000.00          215,400.00                   80.00
2503212900         LOS ANGELES (PANORAMA CIT                           91402   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          520,000.00                   75.00
2503212902         NOGALES                                             85621   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                     72,600.00                     72,600.00   First Lien                                    -           72,600.00                           -                      -          121,000.00                   60.00
2503212911         FEDERAL HEIGHTS                                     80260   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    159,000.00                    159,000.00   First Lien                                    -          212,000.00                   53,000.00             212,000.00          220,000.00                   75.00
2503212913         ANAHEIM                                             92808   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    363,675.00                    363,675.00   First Lien                                    -          484,900.00                  121,225.00             484,900.00          485,000.00                   75.00
2503212927         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          560,000.00                  140,000.00             560,000.00          560,000.00                   75.00
2503212935         PEMBROKE PINES                                      33026   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     94,400.00                     94,400.00   First Lien                                    -           94,400.00                           -             118,000.00          125,000.00                   80.00
2503212940         MIAMI                                               33184   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    243,750.00                    243,750.00   First Lien                                    -          325,000.00                   81,250.00             325,000.00          343,000.00                   75.00
2503212947         ALTAMONTE SPRINGS                                   32714   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    111,650.00                    111,650.00   First Lien                                    -          148,850.00                   37,200.00             148,900.00          150,000.00                   74.98
2503212962         WOODBRIDGE                                          22193   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
2503212968         RIVERSIDE                                           92508   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          580,000.00                   80.00
2503212978         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503212982         MONTEREY                                            93940   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          720,000.00                   69.44
2503212988         HUNTINGTON BEACH                                    92647   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          310,000.00                   80.00
2503213007         ANTIOCH                                             94509   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          340,000.00                   58.82
2503213014         ESCONDIDO                                           92027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          300,000.00                   75.00
2503213015         SACRAMENTO                                          95823   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          410,000.00                   80.00
2503213029         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          348,000.00                           -                      -          650,000.00                   53.54
2503213033         PITTSBURG                                           94565   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          405,000.00                   67,500.00                      -          450,000.00                   75.00
2503213043         LAKE FOREST                                         60045   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    658,000.00                    658,000.00   First Lien                                    -          658,000.00                           -                      -          940,000.00                   70.00
2503213056         VERO BEACH                                          32966   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          210,000.00                   42,000.00             210,000.00          213,000.00                   80.00
2503213059         SALINAS                                             93906   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          561,600.00                   93,600.00                      -          586,000.00                   79.86
2503213070         SALINAS                                             93901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          740,000.00                   72.97
2503213071         COCOA                                               32927   FL                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    128,000.00                    128,000.00   First Lien                                    -          164,335.10                   36,335.10                      -          174,000.00                   73.56
2503213075         GREENFIELD                                          93927   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,716.00                    285,716.00   First Lien                                    -          357,145.00                   71,429.00             357,145.00          357,145.00                   80.00
2503213078         WILLITS                                             95490   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          355,000.00                   28.17
2503213086         GALT                                                95632   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          334,000.00                   46,000.00                      -          360,000.00                   80.00
2503213090         SACRAMENTO                                          95828   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503213100         LINCOLN                                             95648   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    214,400.00                    214,400.00   First Lien                                    -          268,000.00                   53,600.00             268,000.00          300,000.00                   80.00
2503213124         MIAMI BEACH                                         33139   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,750.00                    228,750.00   First Lien                                    -          305,000.00                   76,250.00             306,900.00          305,000.00                   75.00
2503213146         GAITHERSBURG                                        20879   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,500.00                    269,500.00   First Lien                                    -          269,500.00                           -                      -          340,000.00                   79.26
2503213149         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,500.00                    532,500.00   First Lien                                    -          710,000.00                  177,500.00             710,000.00          710,000.00                   75.00
2503213150         MESA                                                85204   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    109,350.00                    109,350.00   First Lien                                    -          109,350.00                           -                      -          243,000.00                   45.00
2503213153         BERWYN                                              60402   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,250.00                    236,250.00   First Lien                                    -          299,250.00                   63,000.00             315,000.00          315,000.00                   75.00
2503213160         CHINO                                               91710   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          760,000.00                   58.55
2503213167         PACIFIC                                             98047   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,462.00                    262,462.00   First Lien                                    -          332,452.00                   69,990.00             349,950.00          350,000.00                   75.00
2503213223         RICHMOND                                            23228   VA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    191,200.00                    191,200.00   First Lien                                    -          226,200.00                   35,000.00                      -          239,000.00                   80.00
2503213229         WEST PALM BEACH                                     33401   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,160.00                    185,160.00   First Lien                                    -          231,450.00                   46,290.00             231,450.00          231,450.00                   80.00
2503213239         RYE                                                 10580   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    825,000.00                    825,000.00   First Lien                                    -          825,000.00                           -                      -        2,800,000.00                   29.46
2503213244         MIAMI BEACH                                         33140   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    712,000.00                    712,000.00   First Lien                                    -          890,000.00                  178,000.00             890,000.00          890,000.00                   80.00
2503213257         CHICAGO                                             60634   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          525,000.00                   79.24
2503213272         MIAMI                                               33186   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          275,000.00                   80.00
2503213288         WEST PARK                                           33023   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    203,700.00                    203,700.00   First Lien                                    -          203,700.00                           -                      -          291,000.00                   70.00
2503213317         HILLSBORO                                           97124   OR                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          360,000.00                   69.72
2503213322         WOODLAND HILLS                                      91367   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          485,000.00                   69.28
2503213324         LYNWOOD                                             90262   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    479,500.00                    479,500.00   First Lien                                    -          685,000.00                  205,500.00             685,000.00          685,000.00                   70.00
2503213327         LANCASTER                                           17603   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     77,250.00                     77,250.00   First Lien                                    -           97,850.00                   20,600.00             103,000.00          120,000.00                   75.00
2503213342         NORTH TOPSAIL BEACH                                 28460   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          420,000.00                   65.00
2503213351         LAS VEGAS                                           89120   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          245,000.00                   80.00
2503213359         POMPANO BEACH                                       33073   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    142,425.00                    142,425.00   First Lien                                    -          189,900.00                   47,475.00             189,900.00          189,900.00                   75.00
2503213387         KING CITY                                           93930   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          430,000.00                   78,000.00                      -          440,000.00                   80.00
2503213398         SAUGUS                                              91390   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          755,000.00                   50.99
2503213402         WAIPAHU                                             96797   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    143,200.00                    143,200.00   First Lien                                    -          179,000.00                   35,800.00                      -          179,000.00                   80.00
2503213406         SAN JOSE                                            95123   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    582,000.00                    582,000.00   First Lien                                    -          717,000.00                  135,000.00                      -          770,000.00                   75.58
2503213417         LOS ANGELES                                         90031   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             650,000.00          625,000.00                   80.00
2503213430         BROOKLYN                                            11207   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          614,000.00                   80.00
2503213436         BALTIMORE                                           21224   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    342,550.00                    342,550.00   First Lien                                    -          342,550.00                           -                      -          403,000.00                   85.00
2503213441         DALY CITY                                           94014   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    510,400.00                    510,400.00   First Lien                                    -          638,000.00                  127,600.00             638,000.00          638,000.00                   80.00
2503213457         RANCHO CORDOVA                                      95670   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,500.00                    405,500.00   First Lien                                    -          405,500.00                           -                      -          513,000.00                   79.04
2503213465         RIVERBANK                                           95367   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          320,000.00                   87.50
2503213466         EUSTIS                                              32736   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          410,000.00                   80.00
2503213468         SAN MATEO                                           94403   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    458,500.00                    458,500.00   First Lien                                    -          458,500.00                           -                      -          800,000.00                   57.31
2503213491         ROWLAND HEIGHTS                                     91748   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          425,000.00                   59.06
2503213497         MORGAN HILL                                         95037   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    806,250.00                    806,250.00   First Lien                                    -          880,000.00                   73,750.00                      -        1,075,000.00                   75.00
2503213506         KAHULUI                                             96732   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    529,600.00                    529,600.00   First Lien                                    -          662,000.00                  132,400.00             662,000.00          720,000.00                   80.00
2503213524         MIAMI BEACH                                         33139   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    472,400.00                    472,400.00   First Lien                                    -          629,850.00                  157,450.00             629,900.00          630,000.00                   75.00
2503213542         BOWIE                                               20720   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          620,000.00                  155,000.00             620,000.00          635,000.00                   75.00
2503213550         ELK GROVE                                           95757   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    326,000.00                    326,000.00   First Lien                                    -          376,000.00                   50,000.00                      -          435,000.00                   74.94
2503213555         POMONA                                              91767   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          510,000.00                   67.65
2503213567         PROVIDENCE                                           2905   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          195,000.00                   39,000.00             195,000.00          200,000.00                   80.00
2503213570         DOWNEY                                              90240   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          975,000.00                  225,000.00             975,000.00          990,000.00                   76.92
2503213597         LONG BEACH                                          90810   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00             390,000.00          415,000.00                   80.00
2503213603         BROOKLYN                                            11208   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
2503213616         JAMAICA                                             11436   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
2503213623         LAS VEGAS                                           89110   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    224,000.00                    224,000.00   First Lien                                    -          280,000.00                   56,000.00             280,000.00          280,000.00                   80.00
2503213626         GREENFIELD                                          93927   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          425,000.00                   40.47
2503213640         SILVER SPRING                                       20901   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          335,000.00                   80.00
2503213641         TAMPA                                               33605   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    101,500.00                    101,500.00   First Lien                                    -          130,500.00                   29,000.00             145,000.00          145,000.00                   70.00
2503213647         MIRAMAR                                             33025   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    127,000.00                    127,000.00   First Lien                                    -          147,000.00                   20,000.00                      -          175,000.00                   72.57
2503213659         RENO                                                89511   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00             465,000.00          465,000.00                   80.00
2503213669         PASO ROBLES                                         93446   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          270,750.00                   42,750.00                      -          285,000.00                   80.00
2503213681         MANTECA                                             95336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    521,600.00                    521,600.00   First Lien                                    -          619,400.00                   97,800.00                      -          652,000.00                   80.00
2503213718         TAMPA                                               33625   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,432.00                    211,432.00   First Lien                                    -          281,909.00                   70,477.00             281,910.00          300,000.00                   75.00
2503213719         DUNEDIN                                             34698   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    523,300.00                    523,300.00   First Lien                                    -          654,100.00                  130,800.00             654,184.00          660,000.00                   79.99
2503213744         NORTH LAS VEGAS                                     89032   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    187,500.00                    187,500.00   First Lien                                    -          187,500.00                           -                      -          255,000.00                   73.53
2503213751         PLEASANTON                                          94588   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          875,000.00                   36.57
2503213761         OAKLAND                                             94621   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    279,200.00                    279,200.00   First Lien                                    -          331,550.00                   52,350.00             349,000.00          349,000.00                   80.00
2503213763         HOLLYWOOD                                           33020   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             585,000.00          585,000.00                   85.47
2503213770         MIAMI                                               33144   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
2503213806         PERRIS                                              92571   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    295,800.00                    295,800.00   First Lien                                    -          326,910.00                   31,110.00                      -          348,000.00                   85.00
2503213807         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    166,400.00                    166,400.00   First Lien                                    -          208,000.00                   41,600.00                      -          208,000.00                   80.00
2503213813         MORENO VALLEY                                       92555   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          380,000.00                   40.79
2503213814         PLANT CITY                                          33566   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    129,600.00                    129,600.00   First Lien                                    -          129,600.00                           -             144,000.00          144,000.00                   90.00
2503213822         PLEASANTON                                          94568   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    243,093.00                    243,093.00   First Lien                                    -          243,093.00                           -             543,093.00          543,093.00                   44.76
2503213832         NAPERVILLE                                          60564   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          896,800.00                  146,800.00             950,452.70          951,000.00                   78.91
2503213835         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
2503213840         CATHEDRAL CITY                                      92234   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    254,500.00                    254,500.00   First Lien                                    -          254,500.00                           -                      -          380,000.00                   66.97
2503213868         SAN JOSE                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00             665,000.00          670,000.00                   80.00
2503213869         PARAMOUNT                                           90723   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    297,000.00                    297,000.00   First Lien                                    -          297,000.00                           -                      -          330,000.00                   90.00
2503213892         WINTER HAVEN                                        33884   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    191,100.00                    191,100.00   First Lien                                    -          238,850.00                   47,750.00                      -          239,000.00                   79.96
2503213893         BAKERSFIELD                                         93313   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
2503213914         PETERSBURG                                          23805   VA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
2503213919         DOWNEY                                              90240   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    473,600.00                    473,600.00   First Lien                                    -          592,000.00                  118,400.00             592,000.00          595,000.00                   80.00
2503213930         RIDGEWOOD                                           11385   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,750.00                    540,750.00   First Lien                                    -          721,000.00                  180,250.00             721,000.00          730,000.00                   75.00
2503213940         SOUTH SAN FRANCISCO                                 94080   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          525,000.00                           -                      -          760,000.00                   69.08
2503213951         RANCHO CUCAMONGA                                    91737   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    743,000.00                    743,000.00   First Lien                                    -          743,000.00                           -                      -        1,400,000.00                   53.07
2503213965         BUFFALO                                             55313   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    333,750.00                    333,750.00   First Lien                                    -          445,000.00                  111,250.00             445,000.00          445,000.00                   75.00
2503213985         LOMA LINDA                                          92354   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    299,700.00                    299,700.00   First Lien                                    -          299,700.00                           -             333,000.00          335,000.00                   90.00
2503213986         (RESEDA AREA) LOS ANGELES                           91335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,840.00                    440,840.00   First Lien                                    -          551,050.00                  110,210.00             551,050.00          555,000.00                   80.00
2503213999         SALEM                                               97302   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          205,000.00                   93.66
2503214016         ORLANDO                                             32808   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    218,405.00                    218,405.00   First Lien                                    -          218,405.00                           -             229,900.00          235,000.00                   95.00
2503214017         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          160,000.00                   40,000.00                      -          160,000.00                   75.00
2503214018         PALM BAY                                            32907   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          180,000.00                   45,000.00             180,000.00          191,000.00                   75.00
2503214031         WEST PALM BEACH                                     33401   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00                      -          225,000.00                   75.00
2503214046         CORONA                                              92879   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    195,000.00                    195,000.00   First Lien                                    -          195,000.00                           -                      -          325,000.00                   60.00
2503214051         BRIGHTWATERS                                        11718   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    491,250.00                    491,250.00   First Lien                                    -          622,250.00                  131,000.00             655,000.00          655,000.00                   75.00
2503214059         LYNBROOK                                            11563   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    476,550.00                    476,550.00   First Lien                                    -          595,650.00                  119,100.00             595,740.00          596,000.00                   79.99
2503214072         SOUTH GATE                                          90280   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          614,250.00                  126,750.00                      -          650,000.00                   75.00
2503214074         KISSIMMEE                                           34758   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,000.00                    116,000.00   First Lien                                    -          145,000.00                   29,000.00             145,000.00          174,000.00                   80.00
2503214082         MIAMI                                               33180   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00             540,000.00          540,000.00                   75.00
2503214091         PASADENA                                            91103   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,500.00                    750,500.00   First Lien                                    -          750,500.00                           -                      -          950,000.00                   79.00
2503214103         ROSCOE                                              61073   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     78,350.00                     78,350.00   First Lien                                    -          103,400.00                   25,050.00             114,900.00          114,900.00                   68.19
2503214115         SAN BERNARDINO                                      92408   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          310,000.00                   77.42
2503214127         TEMPE                                               85282   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    188,275.00                    188,275.00   First Lien                                    -          188,275.00                           -                      -          221,500.00                   85.00
2503214134         ORLANDO                                             32819   FL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    124,000.00                    124,000.00   First Lien                                    -          124,000.00                           -                      -          159,000.00                   77.99
2503214135         VIRGINIA BEACH                                      23454   VA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00                      -          305,000.00                   80.00
2503214136         RIVERSIDE                                           92503   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          430,000.00                   80.00
2503214138         TAMPA                                               33614   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          240,000.00                   80.00
2503214140         BRONX                                               10469   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
2503214145         MIAMI                                               33193   FL                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    222,000.00                    222,000.00   First Lien                                    -          222,000.00                           -                      -          375,000.00                   59.20
2503214147         LAS VEGAS                                           89123   NV                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    276,000.00                    276,000.00   First Lien                                    -          276,000.00                           -             345,000.00          400,000.00                   80.00
2503214164         LA PUENTE                                           91746   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00                      -          485,000.00                   74.23
2503214171         SAN BERNARDINO                                      92410   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503214178         SACRAMENTO                                          95824   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,000.00                    164,000.00   First Lien                                    -          194,750.00                   30,750.00             205,000.00          310,000.00                   80.00
2503214179         PORT HUENEME                                        93041   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          560,000.00                   77.68
2503214184         ONTARIO                                             91761   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00             535,000.00          550,000.00                   80.00
2503214197         PROVIDENCE                                           2905   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
2503214202         CLAYTON                                             27520   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    101,250.00                    101,250.00   First Lien                                    -          128,250.00                   27,000.00             135,000.00          137,000.00                   75.00
2503214226         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          590,000.00                  147,500.00             590,000.00          590,000.00                   75.00
2503214230         RICHMOND                                            23234   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     70,250.00                     70,250.00   First Lien                                    -           90,250.00                   20,000.00              95,000.00          120,000.00                   73.95
2503214237         DEERFIELD BEACH                                     33442   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00                      -          225,000.00                   75.00
2503214248         VISALIA                                             93277   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          235,000.00                   80.00
2503214258         PHILADELPHIA                                        19150   PA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          184,000.00                   46,000.00                      -          184,000.00                   75.00
2503214262         PASADENA                                            91104   CA                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
2503214284         LAS VEGAS                                           89101   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,250.00                    191,250.00   First Lien                                    -          191,250.00                           -                      -          225,000.00                   85.00
2503214298         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          725,000.00                  181,250.00                      -          725,000.00                   75.00
2503214303         LAS VEGAS                                           89142   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    206,250.00                    206,250.00   First Lien                                    -          261,250.00                   55,000.00                      -          275,000.00                   75.00
2503214310         MIAMI                                               33165   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          420,000.00                  105,000.00             420,000.00          435,000.00                   75.00
2503214315         LARGO                                               33771   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -             200,000.00          200,000.00                   90.00
2503214330         CHICAGO                                             60647   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,750.00                    258,750.00   First Lien                                    -          345,000.00                   86,250.00             345,000.00          350,000.00                   75.00
2503214346         SANTA ROSA                                          95409   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          460,000.00                   71.74
2503214361         OLDSMAR                                             34677   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
2503214366         SOUTH GATE                                          90280   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          460,000.00                  115,000.00             460,000.00          475,000.00                   75.00
2503214393         NAPLES                                              34120   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          690,000.00                   80.00
2503214394         LOS ANGELES                                         90046   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -        1,100,000.00                   28.91
2503214411         ARLINGTON                                           22205   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
2503214421         TAMPA                                               33634   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     89,250.00                     89,250.00   First Lien                                    -          113,050.00                   23,800.00             119,000.00          155,000.00                   75.00
2503214425         OZONE PARK                                          11417   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             680,000.00          675,000.00                   80.00
2503214429         CLEARFIELD                                          84015   UT                       20070501                20370401    FIXED                  No                                          360                    360                          360                    172,500.00                    172,500.00   First Lien                                    -          172,500.00                           -                      -          230,000.00                   75.00
2503214433         LAS VEGAS                                           89122   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    299,000.00                    299,000.00   First Lien                                    -          299,000.00                           -                      -          440,000.00                   67.95
2503214435         ROUND LAKE                                          60073   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,875.00                    103,875.00   First Lien                                    -          138,500.00                   34,625.00             138,500.00          139,000.00                   75.00
2503214437         RUNNING SPRINGS                                     92382   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    189,000.00                    189,000.00   First Lien                                    -          189,000.00                           -                      -          265,000.00                   71.32
2503214438         CARLSBAD                                            92009   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    350,400.00                    350,400.00   First Lien                                    -          438,000.00                   87,600.00                      -          438,000.00                   80.00
2503214462         LAKE FOREST                                         60045   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    649,000.00                    649,000.00   First Lien                                    -          649,000.00                           -                      -          950,000.00                   68.32
2503214465         EAST ROCKAWAY                                       11520   NY                       20070501                20220401    FIXED                  No                                          180                    180                          180                    882,500.00                    882,500.00   First Lien                                    -          882,500.00                           -                      -        1,200,000.00                   73.54
2503214475         SACRAMENTO AREA                                     95828   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          385,000.00                   54.55
2503214491         ORLANDO                                             32808   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     85,000.00                     85,000.00   First Lien                                    -           85,000.00                           -                      -          200,000.00                   42.50
2503214494         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,600.00                    153,600.00   First Lien                                    -          153,600.00                           -             192,000.00          192,000.00                   80.00
2503214501         SAN JOSE                                            95116   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
2503214504         WAIPAHU                                             96797   HI                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          515,000.00                   87.38
2503214507         LAS VEGAS                                           89129   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          800,000.00                   48.75
2503214527         LOS ANGELES                                         90046   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -        1,208,000.00                   22.35
2503214539         LAS VEGAS                                           89147   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          480,000.00                   78.13
2503214559         IRVINE                                              92603   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  2,000,000.00                  2,000,000.00   First Lien                                    -        2,000,000.00                           -                      -        3,200,000.00                   62.50
2503214564         LARGO                                               33760   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    112,400.00                    112,400.00   First Lien                                    -          149,900.00                   37,500.00             149,900.00          160,000.00                   74.98
2503214569         LOS ANGELES                                         90044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    474,250.00                    474,250.00   First Lien                                    -          677,500.00                  203,250.00             677,500.00          677,500.00                   70.00
2503214575         SEATTLE                                             98118   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          340,000.00                   78.82
2503214582         JAMAICA                                             11434   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          365,500.00                   21,500.00                      -          430,000.00                   80.00
2503214599         MAPLEWOOD                                           55109   MN                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          225,000.00                   56,250.00                      -          225,000.00                   75.00
2503214631         BRONX                                               10456   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,600.00                    432,600.00   First Lien                                    -          540,750.00                  108,150.00             540,750.00          560,000.00                   80.00
2503214652         LOS ANGELES                                         90002   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    329,250.00                    329,250.00   First Lien                                    -          439,000.00                  109,750.00             439,000.00          439,000.00                   75.00
2503214658         NORTH HOLLYWOOD                                     91605   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00                      -          625,000.00                   80.00
2503214663         BRADENTON                                           34202   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          548,212.00                  128,212.00                      -          620,000.00                   67.74
2503214678         SUNNY ISLES BEACH                                   33160   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    410,000.00                    410,000.00   First Lien                                    -          410,000.00                           -                      -          790,000.00                   51.90
2503214686         SALINAS                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503214690         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          600,000.00                   80.00
2503214698         BROOKLYN                                            11208   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    536,625.00                    536,625.00   First Lien                                    -          679,625.00                  143,000.00             715,500.00          716,000.00                   75.00
2503214736         ESCONDIDO                                           92027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          217,500.00                           -                      -          425,000.00                   51.18
2503214765         HIALEAH                                             33012   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    101,250.00                    101,250.00   First Lien                                    -          121,500.00                   20,250.00             135,000.00          135,000.00                   75.00
2503214767         SILVER SPRING                                       20904   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    404,000.00                    404,000.00   First Lien                                    -          404,000.00                           -             505,000.00          530,000.00                   80.00
2503214781         MIAMI                                               33131   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    672,000.00                    672,000.00   First Lien                                    -          840,000.00                  168,000.00             840,000.00          855,000.00                   80.00
2503214801         BELL                                                90201   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    436,000.00                    436,000.00   First Lien                                    -          490,500.00                   54,500.00                      -          545,000.00                   80.00
2503214804         JACUMBA                                             91934   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
2503214807         MIAMI                                               33132   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          700,000.00                  140,000.00             700,000.00          700,000.00                   80.00
2503214820         CRESTLINE                                           92325   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    339,600.00                    339,600.00   First Lien                                    -          339,600.00                           -                      -          430,000.00                   78.98
2503214828         MIAMI SHORES                                        33168   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503214835         LONG BEACH                                          90746   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          446,500.00                   70,500.00             470,000.00          470,000.00                   80.00
2503214837         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    633,750.00                    633,750.00   First Lien                                    -          633,750.00                           -                      -          845,000.00                   75.00
2503214849         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          595,000.00                   74.79
2503214859         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    508,000.00                    508,000.00   First Lien                                    -          635,000.00                  127,000.00             635,000.00          635,000.00                   80.00
2503214863         CAPE CORAL                                          33909   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          318,000.00                   80.00
2503214916         VALLEJO                                             94591   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          575,000.00                   76.52
2503214920         FORT LAUDERDALE                                     33331   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          342,000.00                   45.32
2503214946         CHICAGO                                             60615   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    515,150.00                    515,150.00   First Lien                                    -          686,900.00                  171,750.00             686,900.00          705,000.00                   75.00
2503214948         RICHMOND                                            23228   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     75,750.00                     75,750.00   First Lien                                    -           95,950.00                   20,200.00             101,000.00          102,000.00                   75.00
2503215015         BURKE                                               22015   VA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          488,000.00                           -                      -          610,000.00                   80.00
2503215016         MIAMI                                               33172   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          199,500.00                   42,000.00             210,000.00          210,000.00                   75.00
2503215020         CANTONMENT                                          32533   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    177,675.00                    177,675.00   First Lien                                    -          236,900.00                   59,225.00             236,900.00          245,000.00                   75.00
2503215036         SOUTH OZONE PARK                                    11420   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503215040         OLIVEHURST                                          95961   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    269,450.00                    269,450.00   First Lien                                    -          269,450.00                           -                      -          317,000.00                   85.00
2503215054         EL SEGUNDO                                          90245   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    645,000.00                    645,000.00   First Lien                                    -          835,000.00                  190,000.00             835,000.00          850,000.00                   77.25
2503215072         ORLANDO                                             32819   FL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    116,000.00                    116,000.00   First Lien                                    -          116,000.00                           -                      -          147,000.00                   78.91
2503215097         OROVILLE                                            95966   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00                      -          215,000.00                   70.00
2503215118         CORONA                                              11368   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    637,500.00                    637,500.00   First Lien                                    -          850,000.00                  212,500.00             850,000.00          850,000.00                   75.00
2503215120         SOUTH AMBOY                                          8879   NJ                       20070501                20370401    ARMS                   No                                          360                    360                          360                    322,500.00                    322,500.00   First Lien                                    -          392,500.00                   70,000.00                      -          430,000.00                   75.00
2503215125         CHULA VISTA                                         91910   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    393,600.00                    393,600.00   First Lien                                    -          492,000.00                   98,400.00                      -          492,000.00                   80.00
2503215126         LEHIGH ACRES                                        33936   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    133,500.00                    133,500.00   First Lien                                    -          133,500.00                           -                      -          167,000.00                   79.94
2503215127         CHICAGO                                             60636   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          330,000.00                   75.00
2503215150         WESTLEY CHAPEL                                      33543   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          318,000.00                   89.62
2503215168         MIAMI                                               33133   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    603,750.00                    603,750.00   First Lien                                    -          805,000.00                  201,250.00             805,000.00          805,000.00                   75.00
2503215176         GLEN ELLYN                                          60137   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    191,250.00                    191,250.00   First Lien                                    -          229,500.00                   38,250.00                      -          255,000.00                   75.00
2503215179         HILO                                                96720   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                     70,000.00                     70,000.00   First Lien                                    -           70,000.00                           -                      -          275,800.00                   25.38
2503215183         CERES                                               95307   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          345,000.00                   88.41
2503215190         ROUND ROCK                                          78664   TX                       20070501                20370401    FIXED                  No                                          360                    360                          360                     78,033.00                     78,033.00   First Lien                                    -           98,841.00                   20,808.00             104,044.00          113,000.00                   75.00
2503215191         SAN BERNARDINO                                      92411   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          204,250.00                   32,250.00             215,000.00          215,000.00                   80.00
2503215197         PAAUHAU                                             96775   HI                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    383,200.00                    383,200.00   First Lien                                    -          383,200.00                           -                      -          479,000.00                   80.00
2503215198         CHICAGO                                             60641   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    493,000.00                    493,000.00   First Lien                                    -          493,000.00                           -                      -          590,000.00                   83.56
2503215201         MADERA                                              93637   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00                      -          370,000.00                   80.00
2503215209         SANTA ANA                                           92701   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    588,000.00                    588,000.00   First Lien                                    -          756,000.00                  168,000.00                      -          840,000.00                   70.00
2503215216         DEER PARK                                           11729   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00                      -          460,000.00                   80.00
2503215232         FAIRFIELD                                           94585   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          900,000.00                   68.33
2503215242         MILFORD                                              6460   CT                       20070501                20370401    FIXED                  No                                          360                    360                          360                    242,000.00                    242,000.00   First Lien                                    -          242,000.00                           -                      -          305,000.00                   79.34
2503215269         ORLANDO                                             32809   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,500.00                    211,500.00   First Lien                                    -          211,500.00                           -             235,000.00          235,000.00                   90.00
2503215291         SEATTLE                                             98112   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    508,000.00                    508,000.00   First Lien                                    -          635,000.00                  127,000.00             635,000.00          635,000.00                   80.00
2503215293         CHICAGO                                             60628   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     75,000.00                     75,000.00   First Lien                                    -           75,000.00                           -                      -          150,000.00                   50.00
2503215330         MILILANI                                            96789   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503215349         RANDALLSTOWN                                        21133   MD                       20070501                20370401    ARMS                   No                                          360                    360                          360                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -                      -          800,000.00                   80.00
2503215368         NORTH HAVEN                                          6473   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    386,250.00                    386,250.00   First Lien                                    -          489,250.00                  103,000.00                      -          515,000.00                   75.00
2503215370         PALMDALE                                            93550   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    263,200.00                    263,200.00   First Lien                                    -          329,000.00                   65,800.00             329,000.00          329,000.00                   80.00
2503215376         CANOGA PARK                                         91306   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          675,000.00                   62.22
2503215386         CHICAGO                                             60610   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          285,000.00                   64.91
2503215391         WATERBURY                                            6705   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    164,800.00                    164,800.00   First Lien                                    -          206,000.00                   41,200.00             206,500.00          206,000.00                   80.00
2503215398         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    106,575.00                    106,575.00   First Lien                                    -          127,890.00                   21,315.00                      -          142,100.00                   75.00
2503215412         BAKERSFIELD                                         93313   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          289,000.00                   80.00
2503215430         NOBLESVILLE                                         46060   IN                       20070501                20370401    ARMS                   No                                          360                    360                          360                    585,000.00                    585,000.00   First Lien                                    -          780,000.00                  195,000.00             780,000.00          780,000.00                   75.00
2503215431         BROOKLYN                                            11203   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          525,000.00                   80.00
2503215436         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    549,600.00                    549,600.00   First Lien                                    -          652,650.00                  103,050.00                      -          687,000.00                   80.00
2503215437         WALNUT CREEK                                        94596   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          845,000.00                   54.44
2503215443         TALLAHASSEE                                         33125   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    112,500.00                    112,500.00   First Lien                                    -          142,500.00                   30,000.00             150,000.00          150,000.00                   75.00
2503215444         JOLIET                                              60436   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          215,000.00                   80.00
2503215461         JOLIET                                              60436   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          180,000.00                   20,000.00                      -          200,000.00                   80.00
2503215476         LONG BEACH                                          90802   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          615,000.00                   80.00
2503215479         SAINT PETERSBURG                                    33701   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                     98,000.00                     98,000.00   First Lien                                    -          126,000.00                   28,000.00                      -          140,000.00                   70.00
2503215496         ANAHEIM                                             92801   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
2503215503         RONKONKOMA                                          11779   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    351,900.00                    351,900.00   First Lien                                    -          439,850.00                   87,950.00             439,900.00          450,000.00                   80.00
2503215504         BOCA RATON                                          33498   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00                      -          395,000.00                   80.00
2503215509         BROOKLYN                                            11210   NY                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          490,000.00                   73.47
2503215532         SALINAS                                             93901   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          501,000.00                   49.90
2503215536         MOUNT PROSPECT                                      60056   IL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00                      -          175,000.00                   75.00
2503215541         MORGAN HILL                                         95037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
2503215545         UKIAH                                               95482   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          324,000.00                   64,800.00             324,000.00          342,500.00                   80.00
2503215551         TUCSON                                              85730   AZ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    125,000.00                    125,000.00   First Lien                                    -          125,000.00                           -                      -          195,000.00                   64.10
2503215561         TEHACHAPI                                           93561   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          225,000.00                   45,000.00                      -          225,000.00                   80.00
2503215574         LAS VEGAS                                           89109   NV                       20070501                20370401    ARMS                   No                                          360                    360                          360                    430,500.00                    430,500.00   First Lien                                    -          430,500.00                           -                      -          615,000.00                   70.00
2503215579         SALINAS                                             93906   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          532,000.00                           -                      -          560,000.00                   95.00
2503215592         ELMONT                                              11003   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00                      -          475,000.00                   80.00
2503215593         MIAMI                                               33157   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          700,000.00                  175,000.00             700,000.00          700,000.00                   75.00
2503215604         NEW BEDFORD                                          2740   MA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          238,000.00                   67.23
2503215625         POMONA                                              91767   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          396,000.00                   44,000.00                      -          440,000.00                   80.00
2503215642         HOLLIS                                              11423   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          460,000.00                  115,000.00             460,000.00          460,000.00                   75.00
2503215650         SAINT PETERSBURG                                    33712   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    200,700.00                    200,700.00   First Lien                                    -          200,700.00                           -                      -          223,000.00                   90.00
2503215656         MILPITAS                                            95035   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          650,000.00                   30.77
2503215663         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00             585,000.00          600,000.00                   80.00
2503215683         MIAMI                                               33016   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          136,500.00                           -                      -          195,000.00                   70.00
2503215699         UPPER MARLBORO                                      20774   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          380,000.00                   80,000.00                      -          400,000.00                   75.00
2503215716         THOUSAND OAKS                                       91362   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          555,000.00                  111,000.00             555,000.00          555,000.00                   80.00
2503215718         QUAIL VALLEY                                        92587   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          270,000.00                   75.00
2503215723         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    583,500.00                    583,500.00   First Lien                                    -          583,500.00                           -                      -          687,000.00                   84.93
2503215725         SAN JOSE                                            95117   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,037,000.00                  287,000.00           1,037,000.00        1,037,000.00                   72.32
2503215726         NORTH DARTMOUTH                                      2747   MA                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
2503215728         MIRAMAR                                             33025   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          148,000.00                   20,000.00                      -          175,000.00                   73.14
2503215731         CHULA VISTA                                         91913   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    411,000.00                    411,000.00   First Lien                                    -          548,000.00                  137,000.00                      -          548,000.00                   75.00
2503215734         SALINAS                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    388,000.00                    388,000.00   First Lien                                    -          388,000.00                           -                      -          485,000.00                   80.00
2503215744         GREENFIELD                                          93927   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          450,000.00                   41.11
2503215750         VALLEJO                                             94589   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    367,200.00                    367,200.00   First Lien                                    -          459,000.00                   91,800.00             459,000.00          470,000.00                   80.00
2503215752         LONG BEACH                                          90814   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    604,000.00                    604,000.00   First Lien                                    -          604,000.00                           -                      -          755,000.00                   80.00
2503215760         VAN NUYS                                            91406   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00             565,000.00          565,000.00                   80.00
2503215790         DELRAY BEACH                                        33445   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          220,000.00                   90.00
2503215803         S. OZONE PARK                                       11420   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    592,000.00                    592,000.00   First Lien                                    -          740,000.00                  148,000.00                      -          740,000.00                   80.00
2503215808         LOS ANGELES                                         90020   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00             680,000.00          680,000.00                   80.00
2503215820         ROYAL PALM BEACH                                    33411   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    178,000.00                    178,000.00   First Lien                                    -          237,600.00                   59,600.00             238,400.00          238,400.00                   74.66
2503215831         LANCASTER                                           93536   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,286,000.00                  286,000.00                      -        1,430,000.00                   69.93
2503215856         SANTA ROSA                                          95401   CA                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          460,000.00                   48.91
2503215862         MESA                                                85209   AZ                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          235,000.00                   80.00
2503215889         CHICAGO                                             60626   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          190,000.00                   30,000.00                      -          200,000.00                   80.00
2503215891         JAMESBURG BORO                                       8831   NJ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00                      -          285,000.00                   75.00
2503215928         MONTCLAIR                                           91763   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          403,500.00                   63,500.00                      -          425,000.00                   80.00
2503215945         RANDALLSTOWN                                        21133   MD                       20070501                20370401    ARMS                   No                                          360                    360                          360                    236,250.00                    236,250.00   First Lien                                    -          315,000.00                   78,750.00             315,000.00          325,000.00                   75.00
2503215957         ONTARIO                                             91762   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,400.00                    322,400.00   First Lien                                    -          382,850.00                   60,450.00                      -          404,000.00                   79.80
2503215971         LAKELAND                                            33813   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    186,000.00                    186,000.00   First Lien                                    -          235,600.00                   49,600.00                      -          248,000.00                   75.00
2503215993         FULLERTON                                           92833   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    431,250.00                    431,250.00   First Lien                                    -          546,200.00                  114,950.00                      -          575,000.00                   75.00
2503216002         HALLANDALE                                          33009   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    287,120.00                    287,120.00   First Lien                                    -          287,120.00                           -             358,900.00          358,900.00                   80.00
2503216015         SAN BERNARDINO                                      92410   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    347,100.00                    347,100.00   First Lien                                    -          347,100.00                           -                      -          445,000.00                   78.00
2503216019         SACRAMENTO                                          95822   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    169,875.00                    169,875.00   First Lien                                    -          215,175.00                   45,300.00             226,500.00          250,000.00                   75.00
2503216028         EWA BEACH                                           96706   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    379,200.00                    379,200.00   First Lien                                    -          474,000.00                   94,800.00                      -          478,000.00                   79.33
2503216057         FORT LAUDERDALE                                     33301   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    262,400.00                    262,400.00   First Lien                                    -          349,850.00                   87,450.00             349,900.00          353,000.00                   74.99
2503216061         MIAMI                                               33137   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    596,250.00                    596,250.00   First Lien                                    -          795,000.00                  198,750.00             795,000.00          795,000.00                   75.00
2503216062         BURRILLVILLE                                         2859   RI                       20070501                20370401    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          340,000.00                   85,000.00                      -          340,000.00                   75.00
2503216079         ORLANDO                                             32824   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    176,850.00                    176,850.00   First Lien                                    -          210,000.00                   33,150.00             221,069.00          224,000.00                   80.00
2503216083         COPIAGUE                                            11726   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          455,000.00                  113,750.00             455,000.00          455,000.00                   75.00
2503216088         ROCKLIN                                             95677   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          650,000.00                   45.38
2503216103         KEAAU                                               96749   HI                       20070501                20370401    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          310,000.00                   43.55
2503216125         VALLEY STREAM                                       11580   NY                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
2503216144         MURRIETA                                            92562   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    257,000.00                    257,000.00   First Lien                                    -          257,000.00                           -                      -          370,000.00                   69.46
2503216147         BERKELEY                                            94703   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    570,000.00                    570,000.00   First Lien                                    -          708,997.00                  138,997.00                      -          753,000.00                   75.70
2503216150         CHICAGO                                             60609   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    194,350.00                    194,350.00   First Lien                                    -          246,150.00                   51,800.00             259,137.00          262,000.00                   75.00
2503216153         CLOVIS                                              93611   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -             295,000.00          295,000.00                   49.15
2503216154         FRESNO                                              93727   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    204,000.00                    204,000.00   First Lien                                    -          242,250.00                   38,250.00                      -          255,000.00                   80.00
2503216167         MIAMI                                               33155   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          350,000.00                   55.00
2503216169         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          320,000.00                   75.00
2503216188         BOYNTON BEACH                                       33435   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    178,500.00                    178,500.00   First Lien                                    -          226,100.00                   47,600.00             238,000.00          238,000.00                   75.00
2503216189         WATSONVILLE                                         95076   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    333,000.00                    333,000.00   First Lien                                    -          333,000.00                           -                      -          940,000.00                   35.43
2503216199         DANVILLE                                            61832   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          185,000.00                   37,000.00             185,000.00          186,000.00                   80.00
2503216251         MANTECA                                             95336   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    243,750.00                    243,750.00   First Lien                                    -          292,500.00                   48,750.00                      -          325,000.00                   75.00
2503216252         FRESNO                                              93722   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
2503216259         BOLINGBROOK                                         60440   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    211,900.00                    211,900.00   First Lien                                    -          264,850.00                   52,950.00             264,900.00          265,000.00                   79.99
2503216266         GLENN DALE                                          20769   MD                       20070501                20370401    FIXED                  No                                          360                    360                          360                    303,100.00                    303,100.00   First Lien                                    -          378,850.00                   75,750.00             378,900.00          385,000.00                   79.99
2503216269         BURNSVILLE                                          55306   MN                       20070501                20370401    FIXED                  No                                          360                    360                          360                    282,000.00                    282,000.00   First Lien                                    -          334,879.00                   52,879.00             352,525.00          352,525.00                   79.99
2503216282         HESPERIA                                            92345   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          330,000.00                   77.58
2503216295         MIAMI                                               33131   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          590,000.00                  147,500.00                      -          590,000.00                   75.00
2503216296         SALINAS                                             93901   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          700,000.00                  140,000.00                      -          700,000.00                   80.00
2503216308         CELINA                                              75009   TX                       20070501                20370401    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -             272,990.00          300,000.00                   54.95
2503216315         SAINT GEORGE                                        84770   UT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          336,250.00                   52,250.00                      -          360,000.00                   78.89
2503216337         SUPERIOR                                            85273   AZ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          225,000.00                   90.00
2503216340         WASHINGTON                                          20010   DC                       20070501                20370401    ARMS                   No                                          360                    360                          360                    366,400.00                    366,400.00   First Lien                                    -          435,100.00                   68,700.00                      -          458,000.00                   80.00
2503216348         MIAMI                                               33139   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -             270,000.00          280,000.00                   50.00
2503216391         ELGIN                                               60120   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          330,000.00                   66,000.00             330,000.00          330,000.00                   80.00
2503216397         WAIPAHU                                             96797   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    552,000.00                    552,000.00   First Lien                                    -          690,000.00                  138,000.00                      -          690,000.00                   80.00
2503216406         MIRA LOMA                                           91752   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
2503216412         SAN BERNARDINO                                      92404   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          325,000.00                   80.00
2503216413         WAIPAHU                                             96797   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          522,500.00                   82,500.00             550,000.00          550,000.00                   80.00
2503216438         WOODLAND HILLS                                      91364   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          980,000.00                  230,000.00             980,000.00          980,000.00                   76.53
2503216457         JAMAICA                                             11434   NY                       20070501                20370401    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503216465         SAN MATEO                                           94404   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    604,000.00                    604,000.00   First Lien                                    -          604,000.00                           -                      -          868,000.00                   69.59
2503216474         CAMARILLO                                           93012   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    577,500.00                    577,500.00   First Lien                                    -          577,500.00                           -                      -          770,000.00                   75.00
2503216504         DANBURY                                              6810   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          365,000.00                   91,250.00                      -          365,000.00                   75.00
2503216506         STOCKTON                                            95212   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    253,000.00                    253,000.00   First Lien                                    -          253,000.00                           -                      -          395,000.00                   64.05
2503216509         HAYWARD                                             94545   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    598,000.00                    598,000.00   First Lien                                    -          598,000.00                           -             747,500.00          747,500.00                   80.00
2503216524         MAGNA                                               84044   UT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    116,000.00                    116,000.00   First Lien                                    -          137,750.00                   21,750.00                      -          145,000.00                   80.00
2503216536         LOMBARD                                             60148   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    682,500.00                    682,500.00   First Lien                                    -          835,750.00                  153,250.00                      -          910,000.00                   75.00
2503216541         MIAMI                                               33183   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          390,000.00                   80.00
2503216552         DORAL                                               33166   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    183,900.00                    183,900.00   First Lien                                    -          229,880.00                   45,980.00             229,900.00          230,000.00                   79.99
2503216573         CHICAGO                                             60655   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     82,500.00                     82,500.00   First Lien                                    -          104,500.00                   22,000.00             110,000.00          190,000.00                   75.00
2503216578         COLUMBIA                                            29223   SC                       20070501                20370401    FIXED                  No                                          360                    360                          360                    165,000.00                    165,000.00   First Lien                                    -          165,000.00                           -                      -          328,000.00                   50.30
2503216643         LOS ANGELES                                         90043   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    502,500.00                    502,500.00   First Lien                                    -          603,000.00                  100,500.00             670,000.00          670,000.00                   75.00
2503216644         FREMONT                                             94538   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    456,000.00                    456,000.00   First Lien                                    -          456,000.00                           -                      -          876,000.00                   52.05
2503216655         WATSONVILLE                                         95076   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    695,000.00                    695,000.00   First Lien                                    -          695,000.00                           -                      -          950,000.00                   73.16
2503216657         REMSENBURG                                          11960   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                  1,120,000.00                  1,120,000.00   First Lien                                    -        1,360,000.00                  240,000.00                      -        1,600,000.00                   70.00
2503216658         PAAUILO                                             96776   HI                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    363,750.00                    363,750.00   First Lien                                    -          363,750.00                           -                      -          485,000.00                   75.00
2503216661         LYNWOOD                                             90262   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          284,978.00                   99,978.00                      -          285,000.00                   64.91
2503216671         WESTMINISTER                                        92683   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    585,000.00                    585,000.00   First Lien                                    -          663,000.00                   78,000.00                      -          780,000.00                   75.00
2503216711         SOUTH GATE                                          90280   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00             585,000.00          585,000.00                   80.00
2503216725         MIAMI                                               33182   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          445,000.00                   64.04
2503216767         RIVERSIDE                                           92507   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    281,600.00                    281,600.00   First Lien                                    -          352,000.00                   70,400.00             352,000.00          352,000.00                   80.00
2503216815         KAHULUI                                             96732   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    465,600.00                    465,600.00   First Lien                                    -          552,900.00                   87,300.00                      -          582,000.00                   80.00
2503216830         FONTANA                                             92336   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          593,750.00                   93,750.00                      -          625,000.00                   80.00
2503216846         LAS VEGAS                                           89129   NV                       20070501                20370401    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          270,000.00                   80.00
2503216860         CHICAGO                                             60618   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    419,250.00                    419,250.00   First Lien                                    -          559,000.00                  139,750.00             559,000.00          559,000.00                   75.00
2503216863         BROOKLYN                                            11234   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    374,400.00                    374,400.00   First Lien                                    -          421,200.00                   46,800.00             468,000.00          468,000.00                   80.00
2503216894         ARLINGTON                                           22204   VA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          560,000.00                  112,000.00             560,000.00          570,000.00                   80.00
2503216911         MIAMI                                               33142   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          270,000.00                   67,500.00             270,000.00          270,000.00                   75.00
2503216943         CHICAGO                                             60632   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          320,000.00                   80,000.00                      -          320,000.00                   75.00
2503216948         ATLANTA                                             30318   GA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    127,920.00                    127,920.00   First Lien                                    -          159,900.00                   31,980.00             159,900.00          159,900.00                   80.00
2503216982         ANNANDALE                                           22003   VA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          499,000.00                   99,000.00                      -          500,000.00                   80.00
2503216991         POMPANO BEACH                                       33064   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,750.00                    153,750.00   First Lien                                    -          205,000.00                   51,250.00             205,000.00          205,000.00                   75.00
2503216992         WEST HAVEN                                           6516   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          226,000.00                   80.00
2503217017         HIALEAH                                             33012   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    266,250.00                    266,250.00   First Lien                                    -          355,000.00                   88,750.00             355,000.00          360,000.00                   75.00
2503217028         CHICAGO                                             60629   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          330,000.00                   82,500.00                      -          330,000.00                   75.00
2503217040         BROOKLYN                                            11230   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          360,000.00                   40,000.00                      -          400,000.00                   80.00
2503217051         WESTBURY                                            11590   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    340,200.00                    340,200.00   First Lien                                    -          425,250.00                   85,050.00             425,250.00          445,000.00                   80.00
2503217061         WEST HAVEN                                           6516   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    232,800.00                    232,800.00   First Lien                                    -          291,000.00                   58,200.00                      -          291,000.00                   80.00
2503217082         SANTA PAULA                                         93060   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -          980,000.00                   76.53
2503217190         SAINT ALBANS                                        11412   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          525,000.00                   80.00
2503217240         ARTESIA                                             90703   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    632,000.00                    632,000.00   First Lien                                    -          790,000.00                  158,000.00             790,000.00          790,000.00                   80.00
2503217248         SALINAS                                             93901   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00             565,000.00          570,000.00                   80.00
3903000017         WASHINGTON                                          20019   DC                       20061201                20361101    ARMS                   No                                          360                    360                          356                    116,000.00                    115,606.81   First Lien                                    -          116,000.00                           -                      -          200,000.00                   58.00
3903000027         CERES                                               95307   CA                       20060701                20220301    FIXED                  Yes                                         180                    360                          171                     97,065.00                     96,811.79   First Lien                                    -           97,065.00                           -                      -          485,500.00                   19.99
1103607155         PALM HARBOR                                         34685   FL                       20061101                20211201    FIXED                  Yes                                         180                    360                          175                     82,570.00                     82,436.96   Second Lien                          239,330.00          321,900.00                           -             341,900.00          350,000.00                   94.15
1103611265         MOUNDS VIEW                                         55112   MN                       20061101                20211101    FIXED                  Yes                                         180                    360                          175                     37,320.00                     37,254.41   Second Lien                          186,600.00          223,920.00                           -             248,800.00          249,000.00                   90.00
1103615855         GALLATIN                                            37066   TN                       20061101                20210901    FIXED                  Yes                                         180                    360                          175                     40,847.00                     40,787.38   Second Lien                          114,373.00          155,220.00                           -             163,390.00          163,500.00                   95.00
1103617309         HENDERSON                                           89015   NV                       20070201                20211001    FIXED                  Yes                                         180                    360                          178                     42,000.00                     42,000.00   Second Lien                          157,500.00          199,500.00                           -             210,000.00          230,000.00                   95.00
1103629549         LAKELAND                                            33812   FL                       20070101                20211101    FIXED                  Yes                                         180                    360                          177                     49,400.00                     49,357.19   Second Lien                          185,250.00          234,650.00                           -             247,000.00          247,000.00                   95.00
1103631242         PENSACOLA                                           32507   FL                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                     74,900.00                     74,770.41   Second Lien                          209,900.00          284,800.00                           -             299,900.00          307,000.00                   94.96
1103631521         WEATHERFORD                                         76086   TX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     50,200.00                     50,161.06   Second Lien                          140,600.00          190,800.00                           -             200,890.00          201,500.00                   94.98
1103632213         KISSIMMEE                                           34746   FL                       20061201                20220101    FIXED                  Yes                                         180                    360                          176                     50,600.00                     50,564.59   Second Lien                          199,187.00          249,787.00                           -             253,000.00          270,000.00                   98.73
1103632647         ORLANDO                                             32805   FL                       20070101                20211101    FIXED                  Yes                                         180                    360                          177                     26,000.00                     25,979.81   Second Lien                           97,500.00          123,500.00                           -             130,000.00          130,000.00                   95.00
1103633321         GULFPORT                                            39507   MS                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     75,800.00                     75,765.15   Second Lien                          284,200.00          360,000.00                           -             379,000.00          475,000.00                   94.99
1103633348         TOMS RIVER                                           8753   NJ                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     20,000.00                     19,984.06   Second Lien                          151,000.00          171,000.00                           -                      -          190,000.00                   90.00
1103633685         FREMONT                                             94538   CA                       20070101                20211201    FIXED                  No                                          180                    180                          177                     35,750.00                     35,750.00   Second Lien                          572,000.00          607,750.00                           -                      -          715,000.00                   85.00
1103633974         WAIKOLOA                                            96738   HI                       20070101                20361201    FIXED                  No                                          360                    360                          357                    164,250.00                    164,250.00   Second Lien                          821,250.00          985,500.00                           -           1,095,000.00        1,095,000.00                   90.00
1103634731         FRESNO                                              93720   CA                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     62,600.00                     62,559.35   Second Lien                          146,050.00          208,650.00                           -             208,650.00          230,000.00                  100.00
1103635225         LOS ANGELES                                         90002   CA                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                    110,000.00                    110,000.00   Second Lien                          440,000.00          550,000.00                           -             550,000.00          550,000.00                  100.00
1103636866         HOMESTEAD                                           33035   FL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     23,500.00                     23,500.00   Second Lien                          125,400.00          148,900.00                           -             156,750.00          198,000.00                   94.99
1103636928         OROVILLE                                            95966   CA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     20,000.00                     19,973.46   Second Lien                          160,000.00          180,000.00                           -             200,000.00          207,000.00                   90.00
1103636974         PENSACOLA                                           32507   FL                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     76,600.00                     76,560.59   Second Lien                          268,200.00          344,800.00                           -             383,250.00          439,000.00                   89.97
1103638281         COMPTON                                             90222   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     64,050.00                     64,050.00   Second Lien                          341,600.00          405,650.00                           -             427,000.00          427,000.00                   95.00
1103639592         NORFOLK                                             23504   VA                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     19,350.00                     19,327.36   Second Lien                           96,750.00          116,100.00                           -             129,000.00          140,000.00                   90.00
1103639604         FREDERICKSBURG                                      22407   VA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     54,350.00                     54,284.63   Second Lien                          434,850.00          489,200.00                           -             543,616.00          566,000.00                   89.99
1103640962         QUEEN CREEK                                         85243   AZ                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     29,600.00                     29,582.79   Second Lien                          111,000.00          140,600.00                           -             148,000.00          170,000.00                   95.00
1103641071         KISSIMMEE                                           34744   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     45,300.00                     45,285.91   Second Lien                          226,700.00          272,000.00                           -             302,273.00          308,100.00                   89.98
1103641374         SPRINGFIELD                                         22152   VA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                     56,000.00                     56,000.00   Second Lien                          528,000.00          584,000.00                           -                      -          660,000.00                   88.48
1103641563         BIG BEAR CITY                                       92314   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     40,750.00                     40,750.00   Second Lien                          163,000.00          203,750.00                           -             203,750.00          210,000.00                  100.00
1103641729         LAKE FOREST                                         92630   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     47,500.00                     47,497.49   Second Lien                          292,500.00          340,000.00                           -                      -          390,000.00                   87.18
1103641842         LAS VEGAS                                           89123   NV                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     54,000.00                     53,986.94   Second Lien                          216,000.00          270,000.00                           -             270,000.00          287,000.00                  100.00
1103642183         SUNNY ISLES BEACH                                   33160   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     39,600.00                     39,580.74   Second Lien                          316,800.00          356,400.00                           -             396,616.00          690,000.00                   89.86
1103642337         ORLAND                                              95963   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     24,700.00                     24,684.99   Second Lien                          197,600.00          222,300.00                           -             247,000.00          247,000.00                   90.00
1103642369         MORENO VALLEY                                       92551   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     41,250.00                     41,226.28   Second Lien                          220,000.00          261,250.00                           -             275,000.00          340,000.00                   95.00
1103642871         ESCONDIDO                                           92026   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     44,998.00                     44,984.84   Second Lien                          179,992.00          224,990.00                           -             224,990.00          235,000.00                  100.00
1103642988         FORT PIERCE                                         34982   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                     31,600.00                     31,580.43   Second Lien                          126,400.00          158,000.00                           -             158,000.00          160,000.00                  100.00
1103643399         MIAMI BEACH                                         33140   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     36,000.00                     35,991.53   Second Lien                          288,000.00          324,000.00                           -             360,000.00          360,000.00                   90.00
1103643572         HOMESTEAD                                           33033   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     60,000.00                     59,984.12   Second Lien                          168,000.00          228,000.00                           -             240,000.00          244,000.00                   95.00
1103643573         MIAMI                                               33032   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     62,000.00                     61,983.59   Second Lien                          232,500.00          294,500.00                           -             310,000.00          315,000.00                   95.00
1103643584         LAS VEGAS                                           89117   NV                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     20,650.00                     20,629.00   Second Lien                          165,250.00          185,900.00                           -             206,610.00          207,000.00                   89.98
1103643775         TUCSON                                              85718   AZ                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     46,800.00                     46,772.34   Second Lien                          234,000.00          280,800.00                           -             312,000.00          430,000.00                   90.00
1103643945         SACRAMENTO                                          95834   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     43,000.00                     42,967.47   Second Lien                          344,000.00          387,000.00                           -             430,000.00          430,000.00                   90.00
1103644344         SANTEE                                              92071   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     90,000.00                     90,000.00   Second Lien                          360,000.00          450,000.00                           -             450,000.00          450,000.00                  100.00
1103644508         DIXON                                               95620   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     51,000.00                     50,962.47   Second Lien                          408,000.00          459,000.00                           -             510,000.00          510,000.00                   90.00
1103644605         STOCKTON                                            95209   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     82,000.00                     81,947.33   Second Lien                          287,000.00          369,000.00                           -             410,000.00          410,000.00                   90.00
1103644716         RIDGECREST                                          93555   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     37,200.00                     37,189.06   Second Lien                          130,200.00          167,400.00                           -             186,000.00          186,000.00                   90.00
1103644975         ENCINO                                              91316   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     99,000.00                     98,960.87   Second Lien                          396,000.00          495,000.00                           -             495,000.00          495,000.00                  100.00
1103644995         MIAMI                                               33161   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     52,500.00                     52,484.72   Second Lien                          147,000.00          199,500.00                           -             210,000.00          300,000.00                   95.00
1103645211         OAKLAND                                             94605   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     47,500.00                     47,500.00   Second Lien                          380,000.00          427,500.00                           -             475,000.00          525,000.00                   90.00
1103645537         GULF SHORES                                         36542   AL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                    193,700.00                    193,700.00   Second Lien                          542,500.00          736,200.00                           -             775,000.00          800,000.00                   94.99
1103645705         MAGALIA                                             95954   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     32,000.00                     31,990.59   Second Lien                          256,000.00          288,000.00                           -             320,000.00          320,000.00                   90.00
1103645745         GULFPORT                                            39507   MS                       20070201                20370101    FIXED                  No                                          360                    360                          358                    105,200.00                    105,200.00   Second Lien                          294,700.00          399,900.00                           -             421,000.00          430,000.00                   94.99
1103645830         PALO ALTO                                           94303   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     50,000.00                     49,984.02   Second Lien                          750,000.00          800,000.00                           -           1,000,000.00        1,000,000.00                   80.00
1103645835         MODESTO                                             95351   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     30,000.00                     29,990.41   Second Lien                          240,000.00          270,000.00                           -             300,000.00          300,000.00                   90.00
1103646161         PARAMOUNT                                           90723   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     85,600.00                     85,575.51   Second Lien                          342,400.00          428,000.00                           -             428,000.00          440,000.00                  100.00
1103646235         RIDGECREST                                          93555   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     37,200.00                     37,189.06   Second Lien                          130,200.00          167,400.00                           -             186,000.00          186,000.00                   90.00
1103646239         RIDGECREST                                          93555   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     35,000.00                     34,989.70   Second Lien                          122,500.00          157,500.00                           -             175,000.00          175,000.00                   90.00
1103646459         SUN CITY                                            85373   AZ                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     38,700.00                     38,688.30   Second Lien                          309,600.00          348,300.00                           -             387,105.00          388,000.00                   89.98
1103646620         DESERT HOT SPRINGS                                  92240   CA                       20070301                20210401    FIXED                  Yes                                         180                    360                          179                    139,300.00                    139,274.59   Second Lien                          258,700.00          398,000.00                           -             398,000.00          400,000.00                  100.00
1103647021         MAYWOOD                                             90270   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    124,000.00                    124,000.00   Second Lien                          496,000.00          620,000.00                           -             620,000.00          620,000.00                  100.00
1103647183         CORONA                                              92880   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    115,550.00                    115,550.00   Second Lien                          616,400.00          731,950.00                           -                      -          770,500.00                   95.00
1103647480         PHOENIX                                             85033   AZ                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     42,290.00                     42,277.34   Second Lien                          118,413.00          160,703.00                           -             169,162.00          174,000.00                   95.00
1103647516         LOS ANGELES                                         90008   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     56,250.00                     56,233.45   Second Lien                          300,000.00          356,250.00                           -             375,000.00          462,000.00                   95.00
1103647726         MIAMI                                               33183   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     43,000.00                     42,985.87   Second Lien                          172,000.00          215,000.00                           -             215,000.00          215,000.00                  100.00
1103647983         GARDEN GROVE                                        92843   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    151,300.00                    151,255.49   Second Lien                          453,700.00          605,000.00                           -             605,000.00          605,000.00                  100.00
1103648147         HEMET                                               92544   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     41,250.00                     41,250.00   Second Lien                          220,000.00          261,250.00                           -             275,000.00          275,000.00                   95.00
1103648156         SAN BERNARDINO                                      92405   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     42,900.00                     42,889.62   Second Lien                          228,800.00          271,700.00                           -             286,000.00          286,000.00                   95.00
1103648191         CAPITOL HEIGHTS                                     20743   MD                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     21,200.00                     21,200.00   Second Lien                          169,600.00          190,800.00                           -                      -          212,000.00                   90.00
1103648223         BETHLEHEM                                           18015   PA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     33,750.00                     33,741.21   Second Lien                          168,750.00          202,500.00                           -                      -          225,000.00                   90.00
1103648451         SAN JUAN CAPISTRANO                                 92675   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     91,250.00                     91,214.70   Second Lien                          273,700.00          364,950.00                           -             365,000.00          375,000.00                   99.99
1103648509         CAMERON PARK                                        95682   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     65,000.00                     64,979.23   Second Lien                          520,000.00          585,000.00                           -             650,000.00          650,000.00                   90.00
1103648973         STOCKTON                                            95212   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     49,500.00                     49,500.00   Second Lien                          396,000.00          445,500.00                           -             495,000.00          505,000.00                   90.00
1103649126         PALMDALE                                            93550   CA                       20070301                20211201    FIXED                  Yes                                         180                    360                          179                     25,100.00                     25,100.00   Second Lien                          248,800.00          273,900.00                           -                      -          311,000.00                   88.07
1103649155         CHICO                                               95928   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     27,000.00                     26,991.37   Second Lien                          216,000.00          243,000.00                           -             270,000.00          270,000.00                   90.00
1103649157         GAINESVILLE                                         32609   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     21,150.00                     21,150.00   Second Lien                          105,750.00          126,900.00                           -                      -          141,000.00                   90.00
1103649509         RIALTO                                              92376   CA                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     67,000.00                     67,000.00   Second Lien                          268,000.00          335,000.00                           -             335,000.00          335,000.00                  100.00
1103649600         PALMDALE                                            93551   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     70,000.00                     70,000.00   Second Lien                          280,000.00          350,000.00                           -             350,000.00          350,000.00                  100.00
1103649739         FOUNTAIN VALLEY                                     92708   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     39,000.00                     38,985.08   Second Lien                          404,000.00          443,000.00                           -                      -          505,000.00                   87.72
1103649756         CHULA VISTA                                         91911   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    115,000.00                    115,000.00   Second Lien                          460,000.00          575,000.00                           -             590,000.00          575,000.00                  100.00
1103649892         RIALTO                                              92376   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     92,000.00                     91,937.42   Second Lien                          368,000.00          460,000.00                           -             460,000.00          460,000.00                  100.00
1103650051         FULLERTON                                           92833   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    109,800.00                    109,800.00   Second Lien                          439,200.00          549,000.00                           -             579,000.00          549,000.00                  100.00
1103650089         OROVILLE                                            95966   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     39,700.00                     39,687.31   Second Lien                          317,600.00          357,300.00                           -             397,000.00          397,000.00                   90.00
1103650479         LADERA RANCH                                        92694   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    137,000.00                    137,000.00   Second Lien                          548,000.00          685,000.00                           -             685,000.00          685,000.00                  100.00
1103650911         RESEDA AREA OF LOS ANGELE                           91335   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    119,600.00                    119,565.40   Second Lien                          478,400.00          598,000.00                           -             598,000.00          600,000.00                  100.00
1103651013         RIALTO                                              92376   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     68,500.00                     68,480.19   Second Lien                          274,000.00          342,500.00                           -             342,500.00          343,000.00                  100.00
1103651039         CHICO                                               95973   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     27,500.00                     27,491.21   Second Lien                          220,000.00          247,500.00                           -             275,000.00          275,000.00                   90.00
1103651430         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    108,000.00                    108,000.00   Second Lien                          417,000.00          525,000.00                           -                      -          525,000.00                  100.00
1103651767         GULF SHORES                                         36542   AL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     86,200.00                     86,180.84   Second Lien                          241,500.00          327,700.00                           -             345,000.00          495,000.00                   94.99
1103652724         BREA                                                92821   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    100,000.00                    100,000.00   Second Lien                          400,000.00          500,000.00                           -             500,000.00          523,000.00                  100.00
1103652909         VICTORVILLE                                         92395   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     34,500.00                     34,500.00   Second Lien                          184,000.00          218,500.00                           -             230,000.00          260,000.00                   95.00
1103652952         SANTA ANA                                           92701   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     52,000.00                     52,000.00   Second Lien                          208,000.00          260,000.00                           -             260,000.00          260,000.00                  100.00
1103653079         SALINAS                                             93905   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     81,600.00                     81,600.00   Second Lien                          326,400.00          408,000.00                           -             408,000.00          490,000.00                  100.00
1103653248         SANDY                                               84070   UT                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     46,250.00                     46,250.00   Second Lien                          231,350.00          277,600.00                           -             308,473.00          315,000.00                   89.99
1103653316         ALISO VIEJO                                         92656   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    124,100.00                    124,100.00   Second Lien                          434,350.00          558,450.00                           -             620,500.00          698,000.00                   90.00
1103653713         OCOEE                                               34761   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     45,300.00                     45,300.00   Second Lien                          181,200.00          226,500.00                           -             226,500.00          250,000.00                  100.00
1103653736         LAKE FOREST                                         92630   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                     29,000.00                     29,000.00   Second Lien                          496,000.00          525,000.00                           -                      -          620,000.00                   84.68
1103653794         DUARTE                                              91010   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     47,000.00                     47,000.00   Second Lien                          376,000.00          423,000.00                           -             470,000.00          470,000.00                   90.00
1103654327         GRIDLEY                                             95948   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     33,750.00                     33,750.00   Second Lien                          180,000.00          213,750.00                           -             225,000.00          225,000.00                   95.00
1103655293         POMPANO BEACH                                       33060   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     46,500.00                     46,500.00   Second Lien                          248,000.00          294,500.00                           -             310,000.00          310,000.00                   95.00
1103655571         UNION CITY                                          94587   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    108,200.00                    108,200.00   Second Lien                          432,800.00          541,000.00                           -             541,017.00          550,000.00                  100.00
1103655714         LOS ANGELES                                         90027   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    125,550.00                    125,550.00   Second Lien                          627,750.00          753,300.00                           -             837,000.00          850,000.00                   90.00
2503187878         BRANSON                                             65616   MO                       20070101                20211001    FIXED                  Yes                                         180                    360                          177                     55,450.00                     55,407.22   Second Lien                          295,900.00          351,350.00                           -             369,900.00          389,500.00                   94.99
2503189258         MIAMI                                               33193   FL                       20061201                20211001    FIXED                  Yes                                         180                    360                          176                     48,750.00                     48,692.04   Second Lien                          146,250.00          195,000.00                           -                      -          195,000.00                  100.00
2503189941         MISSION VIEJO                                       92691   CA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     70,000.00                     69,918.49   Second Lien                          280,000.00          350,000.00                           -             350,000.00          350,000.00                  100.00
2503191954         CANYON LAKE                                         92587   CA                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                     70,000.00                     69,894.31   Second Lien                          280,000.00          350,000.00                           -                      -          350,000.00                  100.00
2503192269         ORLANDO                                             32839   FL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     60,050.00                     59,964.77   Second Lien                          225,200.00          285,250.00                           -             300,300.00          301,900.00                   94.99
2503193662         SAN LEANDRO                                         94577   CA                       20061201                20211201    FIXED                  Yes                                         180                    360                          176                    146,000.00                    145,804.36   Second Lien                          584,000.00          730,000.00                           -             730,000.00          730,000.00                  100.00
2503194982         CORONA                                              92881   CA                       20070101                20220201    FIXED                  Yes                                         180                    360                          177                     90,000.00                     89,902.85   Second Lien                          359,900.00          449,900.00                           -             449,900.00          458,000.00                  100.00
2503195080         MIAMI                                               33184   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                    160,200.00                    160,042.88   Second Lien                          801,000.00          961,200.00                           -           1,068,000.00        1,068,000.00                   90.00
2503195256         MIAMI                                               33032   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                    113,980.00                    113,980.00   Second Lien                          455,920.00          569,900.00                           -             569,900.00          569,900.00                  100.00
2503195508         JACKSONVILLE                                        32244   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     35,400.00                     35,369.46   Second Lien                          132,750.00          168,150.00                           -             177,500.00          178,000.00                   94.73
2503195547         BATON ROUGE                                         70810   LA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     34,666.00                     34,633.17   Second Lien                          121,333.00          155,999.00                           -             173,333.00          175,000.00                   90.00
2503195564         HOMESTEAD                                           33035   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     34,000.00                     33,963.30   Second Lien                          127,500.00          161,500.00                           -             170,000.00          170,000.00                   95.00
2503195726         PEARL CITY                                          96782   HI                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     69,000.00                     68,903.67   Second Lien                          276,000.00          345,000.00                           -             345,000.00          350,000.00                  100.00
2503195771         EAST SETAUKET                                       11733   NY                       20070301                20211201    FIXED                  Yes                                         180                    360                          179                     80,000.00                     79,977.06   Second Lien                          301,500.00          381,500.00                           -             402,900.00          404,000.00                   94.69
2503196647         LOS ANGELES (SAN PEDRO AR                           90731   CA                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     49,700.00                     49,638.05   Second Lien                          265,500.00          315,200.00                           -             331,900.00          385,000.00                   94.97
2503196671         WEST PALM BEACH                                     33409   FL                       20070401                20211201    FIXED                  Yes                                         180                    360                          180                     70,450.00                     70,450.00   Second Lien                          211,400.00          281,850.00                           -             281,900.00          282,000.00                   99.98
2503197512         HOMESTEAD                                           33033   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     47,900.00                     47,846.87   Second Lien                          255,100.00          303,000.00                           -             318,990.00          330,000.00                   94.99
2503197824         SCHAUMBURG                                          60193   IL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     33,000.00                     32,972.92   Second Lien                          176,000.00          209,000.00                           -             220,000.00          220,000.00                   95.00
2503198468         GURNEE                                              60031   IL                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     50,400.00                     50,368.17   Second Lien                          117,600.00          168,000.00                           -                      -          168,000.00                  100.00
2503198503         SAN DIEGO                                           92173   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     62,000.00                     61,953.61   Second Lien                          248,000.00          310,000.00                           -                      -          310,000.00                  100.00
2503198959         OREM                                                84097   UT                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                    342,500.00                    342,415.07   Second Lien                          750,000.00        1,092,500.00                           -           1,150,000.00        1,150,000.00                   95.00
2503199026         HIALEAH                                             33012   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                     39,000.00                     38,973.98   Second Lien                          156,000.00          195,000.00                           -             195,000.00          195,000.00                  100.00
2503199045         PORTERVILLE                                         93257   CA                       20070201                20220301    FIXED                  Yes                                         180                    360                          178                     50,110.00                     50,077.10   Second Lien                          187,912.00          238,022.00                           -             252,550.00          252,550.00                   94.25
2503199243         WEST PALM BEACH                                     33415   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     56,950.00                     56,915.39   Second Lien                          213,500.00          270,450.00                           -             284,685.00          290,900.00                   95.00
2503199566         GREELEY                                             80634   CO                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     34,900.00                     34,880.76   Second Lien                          279,200.00          314,100.00                           -             349,000.00          349,000.00                   90.00
2503199583         NORTH LAS VEGAS                                     89030   NV                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     24,500.00                     24,477.68   Second Lien                          166,400.00          190,900.00                           -                      -          208,000.00                   91.78
2503200691         BOYNTON BEACH                                       33437   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     77,650.00                     77,607.29   Second Lien                          388,100.00          465,750.00                           -             517,511.00          535,000.00                   90.00
2503200813         HONOLULU                                            96817   HI                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     53,000.00                     52,959.90   Second Lien                          212,000.00          265,000.00                           -                      -          265,000.00                  100.00
2503200990         VERO BEACH                                          32966   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     30,000.00                     29,991.40   Second Lien                          179,250.00          209,250.00                           -                      -          239,000.00                   87.55
2503201004         CHICAGO                                             60647   IL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     43,500.00                     43,485.71   Second Lien                          227,200.00          270,700.00                           -                      -          284,000.00                   95.32
2503201136         COCKEYSVILLE                                        21030   MD                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     47,050.00                     47,033.19   Second Lien                          188,350.00          235,400.00                           -             235,490.00          236,000.00                   99.96
2503201382         FORT MYERS                                          33916   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     27,000.00                     26,983.40   Second Lien                          107,900.00          134,900.00                           -             134,900.00          135,000.00                  100.00
2503201420         DORAL                                               33166   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     31,980.00                     31,968.82   Second Lien                          127,920.00          159,900.00                           -             159,900.00          185,000.00                  100.00
2503201431         RANCHO SANTA MARGARITA                              92688   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     78,000.00                     77,946.25   Second Lien                          312,000.00          390,000.00                           -             390,000.00          390,000.00                  100.00
2503201464         PARKLAND                                            33076   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                    332,400.00                    332,208.83   Second Lien                        1,000,000.00        1,332,400.00                           -           1,480,594.00        1,600,000.00                   89.99
2503201682         DORAL                                               33166   FL                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                     35,400.00                     35,400.00   Second Lien                          141,700.00          177,100.00                           -             177,130.00          185,000.00                   99.98
2503201723         FORT MYERS                                          33913   FL                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     30,300.00                     30,291.90   Second Lien                          161,600.00          191,900.00                           -             202,000.00          211,000.00                   95.00
2503201854         FORT LAUDERDALE                                     33301   FL                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                    101,450.00                    101,384.69   Second Lien                          304,400.00          405,850.00                           -             405,900.00          406,000.00                   99.99
2503201905         ANAHEIM                                             92805   CA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                    115,600.00                    115,600.00   Second Lien                          462,400.00          578,000.00                           -             578,000.00          578,000.00                  100.00
2503202033         KENT                                                98042   WA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     65,500.00                     65,462.24   Second Lien                          245,950.00          311,450.00                           -             327,950.00          375,000.00                   94.97
2503202744         SANTA CLARITA                                       91354   CA                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     99,400.00                     99,373.98   Second Lien                          372,850.00          472,250.00                           -             497,195.00          500,000.00                   94.98
2503203109         GILBERTS                                            60136   IL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     27,750.00                     27,733.31   Second Lien                          176,000.00          203,750.00                           -                      -          220,000.00                   92.61
2503203528         MIAMI                                               33138   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     77,250.00                     77,223.58   Second Lien                          386,250.00          463,500.00                           -             515,000.00          525,000.00                   90.00
2503203636         LONG BEACH                                          39560   MS                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     65,000.00                     64,976.32   Second Lien                          243,750.00          308,750.00                           -             325,000.00          355,000.00                   95.00
2503203681         KISSIMMEE                                           34746   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     39,200.00                     39,186.98   Second Lien                          208,700.00          247,900.00                           -             260,990.00          261,000.00                   94.98
2503203847         SIMI VALLEY                                         93063   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     23,700.00                     23,687.47   Second Lien                          189,600.00          213,300.00                           -             237,000.00          272,000.00                   90.00
2503203939         WALNUT CREEK                                        94597   CA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                    198,000.00                    198,000.00   Second Lien                          693,000.00          891,000.00                           -                      -          990,000.00                   90.00
2503203976         MIAMI                                               33189   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     59,250.00                     59,250.00   Second Lien                          296,250.00          355,500.00                           -                      -          395,000.00                   90.00
2503204077         LOS ANGELES                                         90026   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    124,000.00                    123,964.44   Second Lien                          465,000.00          589,000.00                           -             620,000.00          620,000.00                   95.00
2503204131         EAST ELMHURST                                       11369   NY                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    170,000.00                    169,952.85   Second Lien                          637,500.00          807,500.00                           -             850,000.00          850,000.00                   95.00
2503204290         SUNNYVALE                                           94085   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    223,250.00                    223,184.69   Second Lien                          669,750.00          893,000.00                           -             940,000.00          940,000.00                   95.00
2503204489         MIAMI                                               33142   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     35,000.00                     34,984.66   Second Lien                          105,000.00          140,000.00                           -             140,000.00          140,000.00                  100.00
2503204647         COLLEGE PARK                                        30349   GA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     23,174.00                     23,166.18   Second Lien                          115,867.00          139,041.00                           -             154,490.00          165,000.00                   90.00
2503204794         POMONA                                              91766   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     74,400.00                     74,400.00   Second Lien                          279,000.00          353,400.00                           -                      -          372,000.00                   95.00
2503204811         AVENTURA                                            33180   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          240,000.00          300,000.00                           -             300,000.00          300,000.00                  100.00
2503204838         CHICAGO                                             60641   IL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    103,350.00                    103,350.00   Second Lien                          289,450.00          392,800.00                           -             413,500.00          414,000.00                   94.99
2503204930         MIRAMAR                                             33161   FL                       20070501                20220201    FIXED                  Yes                                         180                    360                          180                     51,400.00                     51,400.00   Second Lien                          192,750.00          244,150.00                           -             257,000.00          290,000.00                   95.00
2503205203         LEHIGH ACRES                                        33936   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     21,335.00                     21,328.95   Second Lien                          113,600.00          134,935.00                           -             142,037.00          149,000.00                   95.00
2503205309         ALEXANDRIA                                          22310   VA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    302,500.00                    302,500.00   Second Lien                          307,500.00          610,000.00                           -                      -          610,000.00                  100.00
2503205726         SAINT PAUL                                          55119   MN                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     45,400.00                     45,387.72   Second Lien                          170,250.00          215,650.00                           -             227,000.00          227,000.00                   95.00
2503205768         HONOLULU                                            96818   HI                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     91,000.00                     90,976.84   Second Lien                          364,000.00          455,000.00                           -             455,000.00          480,000.00                  100.00
2503205788         GARDENA                                             90247   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    105,000.00                    105,000.00   Second Lien                          393,750.00          498,750.00                           -                      -          525,000.00                   95.00
2503205822         SANTA ANA                                           92701   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                    218,750.00                    218,681.61   Second Lien                          612,500.00          831,250.00                           -             875,000.00          900,000.00                   95.00
2503205952         MIAMI                                               33165   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     23,250.00                     23,244.55   Second Lien                          116,250.00          139,500.00                           -             155,000.00          158,000.00                   90.00
2503206058         MARYSVILLE                                          98270   WA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     32,250.00                     32,240.01   Second Lien                          161,250.00          193,500.00                           -             215,000.00          215,000.00                   90.00
2503206093         BRONXDALE                                           11469   NY                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     59,600.00                     59,579.39   Second Lien                          223,500.00          283,100.00                           -             298,000.00          350,000.00                   95.00
2503206096         BRONX                                               10473   NY                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    185,000.00                    185,000.00   Second Lien                          555,000.00          740,000.00                           -             740,000.00          750,000.00                  100.00
2503206343         WEST PALM BEACH                                     33409   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     32,200.00                     32,200.00   Second Lien                          171,900.00          204,100.00                           -             214,900.00          224,000.00                   94.97
2503206355         SAINT PETERSBURG                                    33712   FL                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     54,250.00                     54,236.11   Second Lien                          151,800.00          206,050.00                           -             216,900.00          216,900.00                   95.00
2503206511         ROSEMEAD AREA                                       91770   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     48,000.00                     47,984.28   Second Lien                          256,000.00          304,000.00                           -             320,000.00          385,000.00                   95.00
2503206597         MIAMI                                               33127   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     56,250.00                     56,250.00   Second Lien                          168,750.00          225,000.00                           -             225,000.00          225,000.00                  100.00
2503206647         LOS ANGELES                                         90016   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    218,750.00                    218,750.00   Second Lien                          656,250.00          875,000.00                           -             875,000.00          875,000.00                  100.00
2503206827         CHICAGO                                             60646   IL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     85,500.00                     85,474.99   Second Lien                          427,500.00          513,000.00                           -             570,000.00          570,000.00                   90.00
2503206851         JAMAICA                                             11436   NY                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     82,000.00                     82,000.00   Second Lien                          328,000.00          410,000.00                           -             410,000.00          420,000.00                  100.00
2503206940         KANSAS CITY                                         64134   MO                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     20,000.00                     19,994.58   Second Lien                           70,000.00           90,000.00                           -              95,000.00           95,000.00                   94.74
2503207272         RICHMOND                                            94804   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     81,000.00                     80,969.61   Second Lien                          324,000.00          405,000.00                           -             405,000.00          410,000.00                  100.00
2503207321         HOMESTEAD                                           33035   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     35,848.00                     35,848.00   Second Lien                          179,242.00          215,090.00                           -             238,990.00          239,000.00                   90.00
2503207620         MIAMI                                               33130   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          168,000.00          228,000.00                           -             240,000.00          350,000.00                   95.00
2503207734         NORTH LAS VEGAS                                     89094   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                     37,650.00                     37,638.40   Second Lien                          200,800.00          238,450.00                           -             251,000.00          255,000.00                   95.00
2503207816         POMONA                                              91767   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     84,000.00                     83,966.62   Second Lien                          336,000.00          420,000.00                           -             420,000.00          420,000.00                  100.00
2503208009         LANCASTER                                           93535   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     47,500.00                     47,484.44   Second Lien                          356,250.00          403,750.00                           -                      -          475,000.00                   85.00
2503208093         SAINT PAUL                                          55119   MN                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     58,000.00                     58,000.00   Second Lien                          235,000.00          293,000.00                           -             293,800.00          294,000.00                   99.73
2503208296         CHICAGO                                             60628   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     23,250.00                     23,250.00   Second Lien                          124,000.00          147,250.00                           -             155,000.00          155,000.00                   95.00
2503208346         CHICAGO                                             60645   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     29,250.00                     29,250.00   Second Lien                          146,250.00          175,500.00                           -             195,000.00          200,000.00                   90.00
2503208449         HAYWARD                                             94545   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     76,000.00                     76,000.00   Second Lien                          304,000.00          380,000.00                           -             380,000.00          400,000.00                  100.00
2503208702         CENTRAL ISLIP                                       11722   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     73,000.00                     73,000.00   Second Lien                          292,000.00          365,000.00                           -             365,000.00          365,000.00                  100.00
2503208722         ELGIN                                               60120   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     20,250.00                     20,250.00   Second Lien                          112,500.00          132,750.00                           -                      -          166,000.00                   79.97
2503208780         MINNEAPOLIS                                         55412   MN                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     39,200.00                     39,200.00   Second Lien                          156,800.00          196,000.00                           -             196,000.00          196,000.00                  100.00
2503208832         TITUSVILLE                                          32780   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     38,200.00                     38,200.00   Second Lien                          152,800.00          191,000.00                           -             191,000.00          191,000.00                  100.00
2503208944         ORLANDO                                             32822   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     33,398.00                     33,398.00   Second Lien                          133,592.00          166,990.00                           -             166,990.00          173,000.00                  100.00
2503208970         SYLMAR                                              91342   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     67,000.00                     67,000.00   Second Lien                          268,000.00          335,000.00                           -             335,000.00          335,000.00                  100.00
2503209102         SAN FRANCISCO                                       94118   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    127,777.00                    127,777.00   Second Lien                          511,110.00          638,887.00                           -             638,888.00          638,888.00                  100.00
2503209103         SANTA CLARA                                         95051   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     79,750.00                     79,750.00   Second Lien                          328,000.00          407,750.00                           -                      -          410,000.00                   99.45
2503209110         SANDY                                               84094   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                     50,250.00                     50,234.94   Second Lien                          251,250.00          301,500.00                           -                      -          335,000.00                   90.00
2503209217         CANYON COUNTRY AREA                                 91387   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     95,000.00                     95,000.00   Second Lien                          266,000.00          361,000.00                           -                      -          380,000.00                   95.00
2503209249         PORTSMOUTH                                          23707   VA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     38,000.00                     38,000.00   Second Lien                          133,000.00          171,000.00                           -                      -          190,000.00                   90.00
2503209376         AREA OF COTO DE CAZA                                92679   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                    250,000.00                    249,815.63   Second Lien                          750,000.00        1,000,000.00                           -           1,000,000.00        1,150,000.00                  100.00
2503209421         SAINT PAUL                                          55106   MN                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     35,000.00                     34,989.39   Second Lien                          131,250.00          166,250.00                           -             175,000.00          179,000.00                   95.00
2503209459         WESTON                                              33327   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    157,600.00                    157,600.00   Second Lien                          630,400.00          788,000.00                           -             788,000.00          850,000.00                  100.00
2503209461         RIVERSIDE                                           92506   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    300,000.00                    300,000.00   Second Lien                          750,000.00        1,050,000.00                           -           1,050,000.00        1,050,000.00                  100.00
2503209538         GLENDALE                                            91205   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     94,000.00                     94,000.00   Second Lien                          376,000.00          470,000.00                           -             470,000.00          470,000.00                  100.00
2503209582         FONTANA                                             92335   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     76,000.00                     76,000.00   Second Lien                          285,000.00          361,000.00                           -             380,000.00          390,000.00                   95.00
2503209869         LOS ANGLEES (PACOIMA AREA                           91331   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     57,800.00                     57,800.00   Second Lien                          231,200.00          289,000.00                           -             289,000.00          289,000.00                  100.00
2503209884         CULVER CITY                                         90230   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    168,000.00                    168,000.00   Second Lien                          504,000.00          672,000.00                           -                      -          672,000.00                  100.00
2503209897         WILLOWBROOK                                         60527   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     39,250.00                     39,250.00   Second Lien                          117,750.00          157,000.00                           -             157,000.00          158,000.00                  100.00
2503209914         POMONA                                              91767   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     63,250.00                     63,250.00   Second Lien                          189,750.00          253,000.00                           -             253,000.00          290,000.00                  100.00
2503209952         HICKSVILLE                                          11801   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    110,650.00                    110,650.00   Second Lien                          442,450.00          553,100.00                           -             553,100.00          555,000.00                  100.00
2503210006         MIAMI                                               33131   FL                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     61,000.00                     60,978.83   Second Lien                          244,000.00          305,000.00                           -             305,000.00          569,600.00                  100.00
2503210148         LOS ANGELES AREA                                    90059   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    117,000.00                    117,000.00   Second Lien                          273,000.00          390,000.00                           -             390,000.00          390,000.00                  100.00
2503210186         GREENFIELD                                          93927   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    100,000.00                    100,000.00   Second Lien                          400,000.00          500,000.00                           -             500,000.00          500,000.00                  100.00
2503210226         WEED                                                96094   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                     35,000.00                     35,000.00   Second Lien                          262,500.00          297,500.00                           -                      -          350,000.00                   85.00
2503210286         PORTSMOUTH                                          23707   VA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     25,000.00                     25,000.00   Second Lien                          175,000.00          200,000.00                           -                      -          250,000.00                   80.00
2503210398         SNOHOMISH                                           98296   WA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    149,800.00                    149,800.00   Second Lien                          599,200.00          749,000.00                           -             749,000.00          801,000.00                  100.00
2503210455         CAPE CORAL                                          33914   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    120,000.00                    120,000.00   Second Lien                          480,000.00          600,000.00                           -             600,000.00          601,000.00                  100.00
2503210488         WEST PALM BEACH                                     33411   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     38,800.00                     38,800.00   Second Lien                          145,500.00          184,300.00                           -             194,000.00          196,000.00                   95.00
2503210522         TEMPLE CITY                                         91780   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    100,000.00                    100,000.00   Second Lien                          400,000.00          500,000.00                           -             505,000.00          500,000.00                  100.00
2503210657         AVENTURA                                            33180   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     68,150.00                     68,150.00   Second Lien                          272,700.00          340,850.00                           -             340,900.00          360,000.00                   99.99
2503210727         WINCHESTER                                          92596   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     62,800.00                     62,800.00   Second Lien                          330,000.00          392,800.00                           -                      -          440,000.00                   89.27
2503210752         INGLEWOOD                                           90305   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     40,050.00                     40,050.00   Second Lien                          442,500.00          482,550.00                           -                      -          590,000.00                   81.79
2503210834         CHICAGO                                             60640   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     59,600.00                     59,600.00   Second Lien                          238,400.00          298,000.00                           -             298,000.00          299,000.00                  100.00
2503210926         BELLFLOWER                                          90706   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    104,000.00                    104,000.00   Second Lien                          416,000.00          520,000.00                           -             520,000.00          520,000.00                  100.00
2503210947         OAKLEY                                              94561   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     92,000.00                     92,000.00   Second Lien                          368,000.00          460,000.00                           -             460,000.00          460,000.00                  100.00
2503211187         NORWALK                                             90650   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    125,500.00                    125,500.00   Second Lien                          376,500.00          502,000.00                           -             502,000.00          502,000.00                  100.00
2503211204         FLORIDA CITY                                        33034   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     70,000.00                     70,000.00   Second Lien                          210,000.00          280,000.00                           -             280,000.00          280,000.00                  100.00
2503211379         RIVERSIDE                                           92504   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     63,700.00                     63,700.00   Second Lien                          254,800.00          318,500.00                           -             318,500.00          330,000.00                  100.00
2503211418         CHICAGO                                             60623   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     72,000.00                     72,000.00   Second Lien                          252,000.00          324,000.00                           -                      -          360,000.00                   90.00
2503211444         HUNTINGTON BEACH                                    92647   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     99,000.00                     99,000.00   Second Lien                          528,000.00          627,000.00                           -                      -          660,000.00                   95.00
2503211467         MORENO VALLEY                                       92535   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     62,600.00                     62,600.00   Second Lien                          250,400.00          313,000.00                           -             313,000.00          340,000.00                  100.00
2503211468         SUNNYVALE                                           94085   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    125,000.00                    125,000.00   Second Lien                          500,000.00          625,000.00                           -             625,000.00          625,000.00                  100.00
2503211495         HOMESTEAD                                           33033   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     58,000.00                     58,000.00   Second Lien                          217,500.00          275,500.00                           -                      -          290,000.00                   95.00
2503211668         YUCCA VALLEY                                        92284   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     45,000.00                     45,000.00   Second Lien                          225,000.00          270,000.00                           -                      -          300,000.00                   90.00
2503211716         RANCHO CORDOVA                                      95670   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     47,500.00                     44,000.00   Second Lien                          316,000.00          363,500.00                           -                      -          395,000.00                   92.03
2503211857         TRACY                                               95391   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    124,000.00                    124,000.00   Second Lien                          480,000.00          604,000.00                           -             600,000.00          728,450.00                  100.00
2503211881         GREENSBORO                                          27406   NC                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     20,700.00                     20,700.00   Second Lien                          103,500.00          124,200.00                           -                      -          138,000.00                   90.00
2503211893         MIAMI                                               33177   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     80,000.00                     80,000.00   Second Lien                          240,000.00          320,000.00                           -             320,000.00          320,000.00                  100.00
2503211970         CLAREMONT                                           91711   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    245,000.00                    245,000.00   Second Lien                          750,000.00          995,000.00                           -             995,000.00        1,075,000.00                  100.00
2503212009         SACRAMENTO                                          95824   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     46,000.00                     46,000.00   Second Lien                          368,000.00          414,000.00                           -                      -          460,000.00                   90.00
2503212045         HOLLYWOOD                                           33019   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     51,500.00                     51,500.00   Second Lien                          193,125.00          244,625.00                           -             257,500.00          257,500.00                  100.00
2503212070         PAHOA                                               96778   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     34,400.00                     34,400.00   Second Lien                          137,600.00          172,000.00                           -             172,000.00          202,000.00                  100.00
2503212232         CHICAGO                                             60645   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    135,000.00                    135,000.00   Second Lien                          405,000.00          540,000.00                           -                      -          600,000.00                   90.00
2503212340         LEHIGH ACRES                                        33936   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     57,600.00                     57,600.00   Second Lien                          230,400.00          288,000.00                           -             288,000.00          290,000.00                  100.00
2503212453         CLOVIS                                              93611   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     58,000.00                     58,000.00   Second Lien                          232,000.00          290,000.00                           -             290,000.00          299,000.00                  100.00
2503212459         HANFORD                                             93230   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     78,500.00                     78,500.00   Second Lien                          235,500.00          314,000.00                           -             314,056.00          315,000.00                   99.98
2503212476         MAYWOOD                                             90270   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    138,000.00                    138,000.00   Second Lien                          322,000.00          460,000.00                           -             460,000.00          465,000.00                  100.00
2503212505         ALISO VIEJO                                         92656   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    160,000.00                    160,000.00   Second Lien                          639,999.00          799,999.00                           -             799,999.00          800,000.00                  100.00
2503212537         POMPANO BEACH                                       33068   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     80,950.00                     80,950.00   Second Lien                          188,900.00          269,850.00                           -             269,900.00          270,000.00                   99.98
2503212558         PALM SPRINGS                                        33461   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     20,000.00                     20,000.00   Second Lien                          165,950.00          185,950.00                           -                      -          212,000.00                   87.71
2503212631         (CHATSWORTH AREA) LOS ANG                           91311   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    166,000.00                    166,000.00   Second Lien                          622,500.00          788,500.00                           -                      -          830,000.00                   95.00
2503212658         COVINA AREA                                         91722   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     88,400.00                     88,400.00   Second Lien                          353,600.00          442,000.00                           -             442,000.00          442,000.00                  100.00
2503212714         MORENO VALLEY                                       92553   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     86,000.00                     86,000.00   Second Lien                          344,000.00          430,000.00                           -                      -          470,000.00                   91.49
2503212788         BROOKLYN                                            11234   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                     67,500.00                     67,500.00   Second Lien                          360,000.00          427,500.00                           -                      -          450,000.00                  100.00
2503212915         FEDERAL HEIGHTS                                     80260   CO                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     53,000.00                     53,000.00   Second Lien                          159,000.00          212,000.00                           -             212,000.00          220,000.00                  100.00
2503212989         HUNTINGTON BEACH                                    92647   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     61,000.00                     61,000.00   Second Lien                          244,000.00          305,000.00                           -             305,000.00          310,000.00                  100.00
2503213003         LONG BEACH                                          90805   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    130,000.00                    130,000.00   Second Lien                          520,000.00          650,000.00                           -             650,000.00          650,000.00                  100.00
2503213058         VERO BEACH                                          32966   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     42,000.00                     42,000.00   Second Lien                          168,000.00          210,000.00                           -             210,000.00          213,000.00                  100.00
2503213097         RIVERSIDE                                           92508   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    102,000.00                    102,000.00   Second Lien                          408,000.00          510,000.00                           -             510,000.00          580,000.00                  100.00
2503213177         PACIFIC                                             98047   WA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     69,990.00                     69,990.00   Second Lien                          262,462.00          332,452.00                           -             349,950.00          350,000.00                   95.00
2503213235         WEST COVINA                                         91790   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    119,750.00                    119,750.00   Second Lien                          359,250.00          479,000.00                           -             479,000.00          479,000.00                  100.00
2503213251         RICHMOND                                            23228   VA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     35,000.00                     35,000.00   Second Lien                          191,200.00          226,200.00                           -                      -          239,000.00                   94.64
2503213274         MIAMI                                               33186   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     47,000.00                     47,000.00   Second Lien                          188,000.00          235,000.00                           -             235,000.00          275,000.00                  100.00
2503213325         LYNWOOD                                             90262   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    205,500.00                    205,500.00   Second Lien                          479,500.00          685,000.00                           -             685,000.00          685,000.00                  100.00
2503213389         KING CITY                                           93930   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     78,000.00                     78,000.00   Second Lien                          352,000.00          430,000.00                           -                      -          440,000.00                   97.73
2503213407         WAIPAHU                                             96797   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     35,800.00                     35,800.00   Second Lien                          143,200.00          179,000.00                           -                      -          179,000.00                  100.00
2503213432         BROOKLYN                                            11207   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    120,000.00                    120,000.00   Second Lien                          480,000.00          600,000.00                           -             600,000.00          614,000.00                  100.00
2503213443         DALY CITY                                           94014   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    127,600.00                    127,600.00   Second Lien                          510,400.00          638,000.00                           -             638,000.00          638,000.00                  100.00
2503213501         GALT                                                95632   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     46,000.00                     46,000.00   Second Lien                          288,000.00          334,000.00                           -                      -          360,000.00                   92.78
2503213571         DOWNEY                                              90240   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    225,000.00                    225,000.00   Second Lien                          750,000.00          975,000.00                           -             975,000.00          990,000.00                  100.00
2503213600         LOS ANGELES                                         90031   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    125,000.00                    125,000.00   Second Lien                          500,000.00          625,000.00                           -             650,000.00          625,000.00                  100.00
2503213606         LONG BEACH                                          90810   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     78,000.00                     78,000.00   Second Lien                          312,000.00          390,000.00                           -             390,000.00          415,000.00                  100.00
2503213608         BROOKLYN                                            11208   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    122,000.00                    122,000.00   Second Lien                          488,000.00          610,000.00                           -             610,000.00          610,000.00                  100.00
2503213617         JAMAICA                                             11436   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    110,000.00                    110,000.00   Second Lien                          440,000.00          550,000.00                           -             550,000.00          550,000.00                  100.00
2503213662         RENO                                                89511   NV                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     93,000.00                     93,000.00   Second Lien                          372,000.00          465,000.00                           -             465,000.00          465,000.00                  100.00
2503213672         PASO ROBLES                                         93446   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     42,750.00                     42,750.00   Second Lien                          228,000.00          270,750.00                           -                      -          285,000.00                   95.00
2503213844         LINDSAY                                             93247   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     20,000.00                     20,000.00   Second Lien                          150,000.00          170,000.00                           -                      -          200,000.00                   85.00
2503213910         SAN JOSE                                            95111   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    133,000.00                    133,000.00   Second Lien                          532,000.00          665,000.00                           -             665,000.00          670,000.00                  100.00
2503213926         DOWNEY                                              90240   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    118,400.00                    118,400.00   Second Lien                          473,600.00          592,000.00                           -             592,000.00          595,000.00                  100.00
2503213931         MILILANI                                            96789   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     74,850.00                     74,850.00   Second Lien                          399,200.00          474,050.00                           -             499,000.00          500,000.00                   95.00
2503214093         MIAMI                                               33180   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    135,000.00                    135,000.00   Second Lien                          405,000.00          540,000.00                           -             540,000.00          540,000.00                  100.00
2503214105         SAN FRANCISCO                                       94110   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     68,000.00                     68,000.00   Second Lien                          608,000.00          676,000.00                           -                      -          760,000.00                   88.95
2503214183         SACRAMENTO                                          95824   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     30,750.00                     30,750.00   Second Lien                          164,000.00          194,750.00                           -             205,000.00          310,000.00                   95.00
2503214188         ONTARIO                                             91761   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    107,000.00                    107,000.00   Second Lien                          428,000.00          535,000.00                           -             535,000.00          550,000.00                  100.00
2503214195         GLENDORA                                            91740   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     72,000.00                     72,000.00   Second Lien                          288,000.00          360,000.00                           -             360,000.00          375,000.00                  100.00
2503214374         SOUTH GATE                                          90280   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    115,000.00                    115,000.00   Second Lien                          345,000.00          460,000.00                           -             460,000.00          475,000.00                  100.00
2503214618         SAN JOSE                                            95111   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     79,000.00                     79,000.00   Second Lien                          316,000.00          395,000.00                           -             395,000.00          410,000.00                  100.00
2503214635         WEST PALM BEACH                                     33409   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     42,980.00                     42,980.00   Second Lien                          161,175.00          204,155.00                           -             214,900.00          226,000.00                   95.00
2503214701         MIAMI                                               33131   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     71,000.00                     71,000.00   Second Lien                          568,000.00          639,000.00                           -             710,000.00          710,000.00                   90.00
2503214720         LOS ANGELES                                         90003   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    120,000.00                    120,000.00   Second Lien                          480,000.00          600,000.00                           -             600,000.00          600,000.00                  100.00
2503214728         WAIKOLOA                                            96738   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     78,000.00                     78,000.00   Second Lien                          416,000.00          494,000.00                           -                      -          530,000.00                   93.21
2503214810         MIAMI                                               33132   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    140,000.00                    140,000.00   Second Lien                          560,000.00          700,000.00                           -             700,000.00          700,000.00                  100.00
2503214839         SOUTH OZONE PARK                                    11480   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     90,000.00                     90,000.00   Second Lien                          360,000.00          450,000.00                           -             450,000.00          450,000.00                  100.00
2503214894         LOCKPORT                                            60446   IL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     39,600.00                     39,600.00   Second Lien                          110,950.00          150,550.00                           -             158,500.00          158,500.00                   94.98
2503215021         CORONA                                              92880   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    134,800.00                    134,800.00   Second Lien                          539,200.00          674,000.00                           -             674,000.00          687,000.00                  100.00
2503215105         MIAMI                                               33172   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                     42,000.00                     42,000.00   Second Lien                          157,500.00          199,500.00                           -             210,000.00          210,000.00                   95.00
2503215333         MILILANI                                            96789   HI                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    106,000.00                    106,000.00   Second Lien                          424,000.00          530,000.00                           -             530,000.00          530,000.00                  100.00
2503215392         MIAMI                                               33145   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    140,000.00                    140,000.00   Second Lien                          420,000.00          560,000.00                           -             560,000.00          560,000.00                  100.00
2503215442         BROOKLYN                                            11203   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    105,000.00                    105,000.00   Second Lien                          420,000.00          525,000.00                           -             525,000.00          525,000.00                  100.00
2503215448         TALLAHASSEE                                         32308   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     30,000.00                     30,000.00   Second Lien                          112,500.00          142,500.00                           -             150,000.00          150,000.00                   95.00
2503215514         BOCA RATON                                          33498   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                     79,000.00                     79,000.00   Second Lien                          316,000.00          395,000.00                           -                      -          395,000.00                  100.00
2503215544         MORGAN HILL                                         95037   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    108,000.00                    108,000.00   Second Lien                          432,000.00          540,000.00                           -             540,000.00          540,000.00                  100.00
2503215598         MIAMI                                               33157   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    175,000.00                    175,000.00   Second Lien                          525,000.00          700,000.00                           -             700,000.00          700,000.00                  100.00
2503215644         HOLLIS                                              11423   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    115,000.00                    115,000.00   Second Lien                          345,000.00          460,000.00                           -             460,000.00          460,000.00                  100.00
2503215665         BROOKLYN                                            11208   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    117,000.00                    117,000.00   Second Lien                          468,000.00          585,000.00                           -             585,000.00          600,000.00                  100.00
2503215774         VALLEJO                                             94589   CA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                     91,800.00                     91,800.00   Second Lien                          367,200.00          459,000.00                           -             459,000.00          470,000.00                  100.00
2503215798         OROVILLE                                            95966   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     53,750.00                     53,750.00   Second Lien                          150,500.00          204,250.00                           -                      -          215,000.00                   95.00
2503215805         INGLEWOOD                                           90301   CA                       20070501                20220401    FIXED                  No                                          180                    180                          180                     64,000.00                     64,000.00   Second Lien                          256,000.00          320,000.00                           -             320,000.00          320,000.00                  100.00
2503215835         KAHULUI                                             96732   HI                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    135,000.00                    135,000.00   Second Lien                          540,000.00          675,000.00                           -             675,000.00          689,000.00                  100.00
2503215962         BELLINGHAM                                          98229   WA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     42,750.00                     42,750.00   Second Lien                          228,000.00          270,750.00                           -             285,000.00          285,000.00                   90.00
2503216064         BURRILLVILLE                                         2859   RI                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     85,000.00                     85,000.00   Second Lien                          255,000.00          340,000.00                           -                      -          340,000.00                  100.00
2503216087         COPIAGUE                                            11726   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    113,750.00                    113,750.00   Second Lien                          341,250.00          455,000.00                           -             455,000.00          455,000.00                  100.00
2503216132         VALLEY STREAM                                       11580   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     90,000.00                     90,000.00   Second Lien                          360,000.00          450,000.00                           -             450,000.00          450,000.00                  100.00
2503216168         CHICAGO                                             60609   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     51,800.00                     51,800.00   Second Lien                          194,350.00          246,150.00                           -             259,137.00          262,000.00                   94.99
2503216200         BOYNTON BEACH                                       33435   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     47,600.00                     47,600.00   Second Lien                          178,500.00          226,100.00                           -             238,000.00          238,000.00                   95.00
2503216343         WASHINGTON                                          20010   DC                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     68,700.00                     68,700.00   Second Lien                          366,400.00          435,100.00                           -                      -          458,000.00                   95.00
2503216468         MIAMI                                               33186   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     88,000.00                     88,000.00   Second Lien                          352,000.00          440,000.00                           -                      -          440,000.00                  100.00
2503216546         MIAMI                                               33183   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     73,000.00                     73,000.00   Second Lien                          292,000.00          365,000.00                           -             365,000.00          390,000.00                  100.00
2503216584         FONTANA                                             92336   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     60,750.00                     60,750.00   Second Lien                          324,000.00          384,750.00                           -                      -          405,000.00                   95.00
2503216898         MORGAN HILL                                         95037   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     73,750.00                     73,750.00   Second Lien                          806,250.00          880,000.00                           -                      -        1,075,000.00                   81.86
2503216957         STOCKTON                                            95206   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     65,985.00                     65,985.00   Second Lien                          247,444.00          313,429.00                           -             329,926.00          330,000.00                   95.00
2503217025         PETALUMA                                            94954   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     92,800.00                     92,800.00   Second Lien                          371,200.00          464,000.00                           -             464,000.00          464,000.00                  100.00
2503217072         ORANGE                                              92867   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    119,000.00                    119,000.00   Second Lien                          476,000.00          595,000.00                           -             595,000.00          600,000.00                  100.00
2503217163         LAS VEGAS                                           89108   NV                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          240,000.00          300,000.00                           -             300,000.00          300,000.00                  100.00
2503217254         SALINAS                                             93901   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    113,000.00                    113,000.00   Second Lien                          452,000.00          565,000.00                           -             565,000.00          570,000.00                  100.00
2503217285         MIAMI                                               33165   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     80,000.00                     80,000.00   Second Lien                          240,000.00          320,000.00                           -             320,000.00          320,000.00                  100.00
2503217325         EWA BEACH                                           96706   HI                       20070501                20220101    FIXED                  Yes                                         180                    360                          180                     84,000.00                     84,000.00   Second Lien                          332,000.00          416,000.00                           -             415,000.00          420,000.00                  100.00
2503217350         HOLLYWOOD                                           33021   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     45,000.00                     45,000.00   Second Lien                          134,900.00          179,900.00                           -             179,900.00          180,000.00                  100.00
2503217424         LAS VEGAS                                           89101   NV                       20070501                20220101    FIXED                  Yes                                         180                    360                          180                     44,000.00                     44,000.00   Second Lien                          176,000.00          220,000.00                           -             220,000.00          223,000.00                  100.00
2503217471         POMPANO BEACH                                       33065   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     94,000.00                     94,000.00   Second Lien                          352,500.00          446,500.00                           -             470,000.00          470,000.00                   95.00
2503217504         CHICAGO                                             60639   IL                       20070201                20220301    FIXED                  Yes                                         180                    360                          178                     56,000.00                     56,000.00   Second Lien                          213,750.00          269,750.00                           -             285,000.00          285,000.00                   95.00
2503217520         MIAMI                                               33185   FL                       20070201                20220301    FIXED                  Yes                                         180                    360                          178                    113,750.00                    113,750.00   Second Lien                          341,250.00          455,000.00                           -             455,000.00          455,000.00                  100.00
2503217693         EWA BEACH                                           96706   HI                       20070501                20220101    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          240,000.00          300,000.00                           -             300,000.00          300,000.00                  100.00
2503217763         CHICAGO                                             60617   IL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     35,200.00                     35,200.00   Second Lien                          132,000.00          167,200.00                           -             176,000.00          176,000.00                   95.00
2503217987         WOODHAVEN                                           11421   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    108,000.00                    108,000.00   Second Lien                          432,000.00          540,000.00                           -             540,000.00          540,000.00                  100.00
2503218195         BELLEVUE                                            98006   WA                       20070501                20220201    FIXED                  Yes                                         180                    360                          180                     70,000.00                     70,000.00   Second Lien                          373,600.00          443,600.00                           -             467,000.00          467,000.00                   94.99
2503218213         NEWBURGH                                            12550   NY                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     42,000.00                     42,000.00   Second Lien                          210,000.00          252,000.00                           -                      -          280,000.00                   90.00
5500003734         WEST HOLLYWOOD                                      90069   CA                       20070101                20220301    ARMS                   Yes                                         360                    480                          357                  4,000,000.00                  3,994,943.78   First Lien                                    -        4,000,000.00                           -           6,250,000.00        6,250,000.00                   64.00
5500003925         SOMERVILLE                                           2145   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  2,221,000.00                  2,221,000.00   First Lien                                    -        2,221,000.00                           -                      -        3,025,000.00                   73.42
5500004053         LAWRENCEBURG                                        40342   KY                       20070101                20220301    ARMS                   Yes                                         180                    360                          177                  2,100,000.00                  2,094,418.14   First Lien                                    -        2,100,000.00                           -           2,800,000.00        2,900,000.00                   75.00
5500004058         PHOENIX                                             85017   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                  3,853,000.00                  3,853,000.00   First Lien                                    -        3,853,000.00                           -           5,578,000.00        5,578,000.00                   69.07
5500004097         POCATELLO                                           83201   ID                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                  1,432,080.00                  1,430,557.63   First Lien                                    -        1,432,080.00                           -                      -        1,989,000.00                   72.00
5500004106         MEMPHIS                                             38122   TN                       20061201                20361101    ARMS                   No                                          360                    360                          356                    588,800.00                    586,603.06   First Lien                                    -          588,800.00                           -             736,000.00          740,000.00                   80.00
5500004110         SHALIMAR                                            32579   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                  4,320,000.00                  4,311,998.88   First Lien                                    -        4,320,000.00                           -           5,400,000.00        5,465,000.00                   80.00
5500004111         MIDDLETOWN                                           6457   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    736,000.00                    734,164.32   First Lien                                    -          736,000.00                           -             990,000.00          920,000.00                   80.00
5500004119         KALAMAZOO                                           49001   MI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    280,000.00                    279,325.36   First Lien                                    -          280,000.00                           -             350,000.00          350,000.00                   80.00
5500004120         KALAMAZOO                                           49048   MI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    261,600.00                    260,969.69   First Lien                                    -          261,600.00                           -             327,000.00          327,000.00                   80.00
5500004126         MURFREESBORO                                        37130   TN                       20070101                20361201    ARMS                   No                                          360                    360                          357                    615,000.00                    613,503.48   First Lien                                    -          615,000.00                           -                      -          820,000.00                   75.00
5500004137         ANCHORAGE                                           99508   AK                       20070101                20361201    ARMS                   No                                          360                    360                          357                    453,750.00                    452,623.84   First Lien                                    -          453,750.00                           -                      -          605,000.00                   75.00
5500004150         GRANDVIEW                                           43212   OH                       20070101                20361201    ARMS                   No                                          360                    360                          357                  2,150,000.00                  2,144,001.16   First Lien                                    -        2,150,000.00                           -                      -        2,975,000.00                   72.27
5500004151         COLUMBUS                                            43212   OH                       20070101                20361201    ARMS                   No                                          360                    360                          357                    950,000.00                    947,349.36   First Lien                                    -          950,000.00                           -                      -        1,370,000.00                   69.34
5500004153         HOUSTON                                             77039   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                  4,200,000.00                  4,187,703.64   First Lien                                    -        4,200,000.00                           -                      -        5,600,000.00                   75.00
5500004155         LOUISVILLE                                          40219   KY                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,645,000.00                  1,645,000.00   First Lien                                    -        1,645,000.00                           -                      -        2,350,000.00                   70.00
5500004159         FOXBORO                                              2035   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    490,000.00                    488,783.88   First Lien                                    -          490,000.00                           -                      -          700,000.00                   70.00
5500004160         SPARTANBURG                                         29301   SC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    399,404.11   First Lien                                    -          400,000.00                           -                      -          610,000.00                   65.57
5500004161         GREENVILLE                                          29601   SC                       20070101                20361201    ARMS                   No                                          360                    360                          357                    900,000.00                    897,584.37   First Lien                                    -          900,000.00                           -                      -        1,200,000.00                   75.00
5500004164         SHAKOPEE                                            55379   MN                       20070101                20361201    ARMS                   No                                          360                    360                          357                    546,000.00                    544,476.57   First Lien                                    -          546,000.00                           -             682,500.00          695,000.00                   80.00
5500004170         TOOELE                                              84074   UT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    488,000.00                    486,752.60   First Lien                                    -          488,000.00                           -             610,000.00          635,000.00                   80.00
5500004171         FRESNO                                              93727   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    720,000.00                    718,159.58   First Lien                                    -          720,000.00                           -                      -        1,110,000.00                   64.86
5500004172         KETTERING                                           45420   OH                       20070101                20361201    ARMS                   No                                          360                    360                          357                    800,000.00                    797,975.07   First Lien                                    -          800,000.00                           -           1,000,000.00        1,000,000.00                   80.00
5500004173         ROCHESTER                                           14626   NY                       20070201                20170301    FIXED                  Yes                                         120                    360                          118                    708,750.00                    707,394.16   First Lien                                    -          708,750.00                           -             945,000.00          950,000.00                   75.00
5500004178         MOSCOW                                              83843   ID                       20070201                20370101    ARMS                   No                                          360                    360                          358                  2,250,000.00                  2,245,517.46   First Lien                                    -        2,250,000.00                           -                      -        3,400,000.00                   66.18
5500004180         LYNNWOOD                                            98087   WA                       20070101                20220301    ARMS                   Yes                                         180                    360                          177                  2,000,000.00                  1,994,657.99   First Lien                                    -        2,000,000.00                           -                      -        3,800,000.00                   52.63
5500004181         PORTLAND                                            97236   OR                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,158,400.00                  1,155,089.00   First Lien                                    -        1,158,400.00                           -           1,448,070.00        1,675,000.00                   80.00
5500004182         PORTLAND                                            97211   OR                       20070101                20361201    ARMS                   No                                          360                    360                          357                    870,000.00                    867,797.89   First Lien                                    -          870,000.00                           -           1,160,000.00        1,160,000.00                   75.00
5500004183         WASILLA                                             99654   AK                       20070201                20370101    ARMS                   No                                          360                    360                          358                    563,500.00                    562,485.36   First Lien                                    -          563,500.00                           -                      -          830,000.00                   67.89
5500004186         AUSTIN                                              78705   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    502,000.00                    500,860.51   First Lien                                    -          502,000.00                           -             717,500.00          721,000.00                   69.97
5500004187         TIGARD                                              97223   OR                       20070101                20361201    ARMS                   No                                          360                    360                          357                    937,500.00                    935,068.17   First Lien                                    -          937,500.00                           -           1,250,000.00        1,525,000.00                   75.00
5500004188         ITHACA                                              14850   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    589,125.00                    588,064.22   First Lien                                    -          589,125.00                           -             785,500.00          800,000.00                   75.00
5500004189         AUSTIN                                              78705   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    440,000.00                    439,001.23   First Lien                                    -          440,000.00                           -             700,000.00          704,000.00                   62.86
5500004190         AUSTIN                                              78756   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    945,000.00                    943,060.25   First Lien                                    -          945,000.00                           -           1,280,000.00        1,300,000.00                   73.83
5500004191         FRIDLEY                                             55432   MN                       20070201                20370101    ARMS                   No                                          360                    360                          358                    827,500.00                    825,810.67   First Lien                                    -          827,500.00                           -                      -        1,035,000.00                   79.95
5500004193         HOLLADAY                                            84117   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    515,000.00                    513,969.81   First Lien                                    -          515,000.00                           -           2,145,000.00        2,220,000.00                   24.01
5500004198         ST PAUL                                             55106   MN                       20070101                20361201    ARMS                   No                                          360                    360                          357                  3,112,000.00                  3,103,565.73   First Lien                                    -        3,112,000.00                           -           3,890,000.00        4,000,000.00                   80.00
5500004201         GRANTS PASS                                         97527   OR                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,650,000.00                  1,650,000.00   First Lien                                    -        1,650,000.00                           -                      -        3,060,000.00                   53.92
5500004203         NEW HAVEN                                            6511   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,852,500.00                  1,847,671.17   First Lien                                    -        1,852,500.00                           -           2,470,000.00        2,470,000.00                   75.00
5500004211         RIO RANCHO                                          87124   NM                       20070301                20220301    ARMS                   Yes                                         180                    360                          179                  1,141,500.00                  1,140,055.86   First Lien                                    -        1,141,500.00                           -           1,690,000.00        1,690,000.00                   67.54
5500004217         FAIRBORN                                            45324   OH                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,000,000.00                    997,966.80   First Lien                                    -        1,000,000.00                           -           1,250,000.00        1,250,000.00                   80.00
5500004220         MESA                                                85204   AZ                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    668,500.00                    667,785.73   First Lien                                    -          668,500.00                           -             945,000.00          955,000.00                   70.74
5500004223         FAIR OAKS                                           95628   CA                       20070301                20220301    ARMS                   Yes                                         180                    360                          179                  1,560,000.00                  1,558,026.41   First Lien                                    -        1,560,000.00                           -                      -        2,500,000.00                   62.40
5500004240         MILFORD                                             45150   OH                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,168,000.00                  1,165,634.88   First Lien                                    -        1,168,000.00                           -           1,460,000.00        1,460,000.00                   80.00
5500004245         WAITE PARK                                          56387   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    660,000.00                    659,178.60   First Lien                                    -          660,000.00                           -                      -        1,060,000.00                   62.26
5500004248         PROVO                                               84606   UT                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    497,000.00                    496,477.00   First Lien                                    -          497,000.00                           -             750,000.00          710,000.00                   70.00
5500004249         EAST PALO ALTO                                      94061   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,829,000.00                  1,829,000.00   First Lien                                    -        1,829,000.00                           -                      -        3,640,000.00                   50.25
5500004252         MILFORD                                             45150   OH                       20070201                20370101    ARMS                   No                                          360                    360                          358                    633,000.00                    631,744.04   First Lien                                    -          633,000.00                           -             860,000.00          823,000.00                   76.91
5500004255         MONROE                                              98272   WA                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                  6,200,000.00                  6,186,598.42   First Lien                                    -        6,200,000.00                           -                      -        9,100,000.00                   68.13
5500004276         BEAVERTON                                           97007   OR                       20070301                20220101    ARMS                   Yes                                         360                    480                          359                    866,000.00                    865,296.22   First Lien                                    -          866,000.00                           -           1,275,000.00        1,285,000.00                   67.92
5500004283         FLORENCE                                            41042   KY                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,240,000.00                  1,240,000.00   First Lien                                    -        1,240,000.00                           -           1,550,000.00        1,550,000.00                   80.00
5500004292         UNION TOWNSHIP                                      45245   OH                       20070401                20370301    ARMS                   No                                          360                    360                          360                    930,000.00                    930,000.00   First Lien                                    -          930,000.00                           -                      -        1,240,000.00                   75.00
5500004294         CINCINNATI                                          45230   OH                       20070401                20370301    ARMS                   No                                          360                    360                          360                    672,000.00                    672,000.00   First Lien                                    -          672,000.00                           -                      -          900,000.00                   74.67
5500004308         SALINAS                                             93901   CA                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    547,500.00                    547,068.56   First Lien                                    -          547,500.00                           -                      -        1,050,000.00                   52.14
5500004318         GRAND PRAIRIE                                       75051   TX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    464,760.00                    464,195.82   First Lien                                    -          464,760.00                           -             600,000.00          600,000.00                   77.46
5500004319         LONG BEACH                                          90813   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  2,515,000.00                  2,511,724.30   First Lien                                    -        2,515,000.00                           -                      -        3,800,000.00                   66.18
5500004327         PORTLAND                                            97233   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,758,750.00                  1,756,498.16   First Lien                                    -        1,758,750.00                           -           2,345,000.00        2,625,000.00                   75.00
5500004328         LA HABRA                                            90631   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,500,000.00                  1,498,021.79   First Lien                                    -        1,500,000.00                           -                      -        2,500,000.00                   60.00
5500004338         SAN FRANCISCO                                       94103   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    975,000.00                    973,816.43   First Lien                                    -          975,000.00                           -                      -        1,500,000.00                   65.00
5500005014         LONG BEACH                                          90813   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    680,000.00                    679,139.72   First Lien                                    -          680,000.00                           -                      -        1,000,000.00                   68.00
5500005064         LOS ANGELES                                         91406   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  2,465,000.00                  2,458,055.53   First Lien                                    -        2,465,000.00                           -                      -        4,000,000.00                   61.63
5500005080         RIVERSIDE                                           92504   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,587,000.00                  1,587,000.00   First Lien                                    -        1,587,000.00                           -                      -        2,800,000.00                   56.68
5500005082         LOS ANGELES                                         90028   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,250,000.00                  1,246,628.62   First Lien                                    -        1,250,000.00                           -           2,275,000.00        2,275,000.00                   54.95
5500005084         AUBURN                                              98002   WA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    725,000.00                    722,877.41   First Lien                                    -          725,000.00                           -                      -        1,100,000.00                   65.91
5500005103         LOS ANGELES                                         90047   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    450,000.00                    448,792.18   First Lien                                    -          450,000.00                           -                      -          845,000.00                   53.25
5500005124         EL CAJON                                            92019   CA                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                  2,830,000.00                  2,826,897.97   First Lien                                    -        2,830,000.00                           -                      -        3,775,000.00                   74.97
5500005131         PLANO                                               75075   TX                       20070101                20170301    FIXED                  Yes                                         120                    360                          117                  1,100,000.00                  1,097,215.71   First Lien                                    -        1,100,000.00                           -                      -        1,800,000.00                   61.11
5500005142         LOS ANGELES                                         90293   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    844,000.00                    842,881.30   First Lien                                    -          844,000.00                           -           1,999,500.00        1,850,000.00                   45.62
5500005151         TUCSON                                              85705   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                  2,975,000.00                  2,975,000.00   First Lien                                    -        2,975,000.00                           -                      -        5,260,000.00                   56.56
5500005154         FARMINGTON                                          87401   NM                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                  3,450,000.00                  3,443,126.77   First Lien                                    -        3,450,000.00                           -           4,610,000.00        4,600,000.00                   75.00
5500005156         BAKERSFIELD                                         93304   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    900,000.00                    897,513.05   First Lien                                    -          900,000.00                           -                      -        1,462,000.00                   61.56
5500005158         LOS ANGELES                                         90022   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    775,500.00                    772,578.45   First Lien                                    -          775,500.00                           -           1,088,000.00        1,100,000.00                   71.28
5500005159         VAN NUYS                                            91411   CA                       20070301                20220301    ARMS                   Yes                                         180                    360                          179                  1,608,000.00                  1,605,989.47   First Lien                                    -        1,608,000.00                           -                      -        3,100,000.00                   51.87
5500005161         LOS ANGELES                                         90041   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    580,000.00                    578,495.51   First Lien                                    -          580,000.00                           -                      -        1,075,000.00                   53.95
5500005165         CASTLE ROCK                                         80109   CO                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                  2,600,000.00                  2,595,026.21   First Lien                                    -        2,600,000.00                           -                      -        5,825,000.00                   44.64
5500005170         PALM DESERT                                         92260   CA                       20070101                20220101    ARMS                   Yes                                         180                    360                          177                  1,965,000.00                  1,959,776.97   First Lien                                    -        1,965,000.00                           -                      -        4,400,000.00                   44.66
5500005185         LONG BEACH                                          90813   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    800,000.00                    797,789.35   First Lien                                    -          800,000.00                           -           1,450,000.00        1,450,000.00                   55.17
5500005189         LOS ANGELES                                         90029   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    735,000.00                    732,939.31   First Lien                                    -          735,000.00                           -                      -        1,190,000.00                   61.76
5500005196         VISTA                                               92084   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    703,200.00                    701,275.57   First Lien                                    -          703,200.00                           -           1,239,900.00        1,250,000.00                   56.71
5500005199         LOS ANGELES                                         90006   CA                       20070201                20170301    FIXED                  Yes                                         120                    300                          118                    927,000.00                    924,396.12   First Lien                                    -          927,000.00                           -                      -        1,450,000.00                   63.93
5500005204         HAWTHORNE                                           90250   CA                       20070101                20170101    ARMS                   Yes                                         360                    480                          357                  2,225,000.00                  2,221,944.13   First Lien                                    -        2,225,000.00                           -                      -        3,220,000.00                   69.10
5500005205         HAWTHORNE                                           90250   CA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                  2,125,000.00                  2,122,081.49   First Lien                                    -        2,125,000.00                           -                      -        3,075,000.00                   69.11
5500005206         HAWTHORNE                                           90250   CA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                  2,075,000.00                  2,072,150.16   First Lien                                    -        2,075,000.00                           -                      -        3,100,000.00                   66.94
5500005214         LOS ANGELES                                         90016   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,100,000.00                  1,097,592.95   First Lien                                    -        1,100,000.00                           -                      -        1,540,000.00                   71.43
5500005215         ANAHEIM                                             92804   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,700,000.00                  1,700,000.00   First Lien                                    -        1,700,000.00                           -                      -        3,000,000.00                   56.67
5500005216         PALMDALE                                            93550   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,021,900.00                  1,019,103.40   First Lien                                    -        1,021,900.00                           -           1,375,000.00        1,370,000.00                   74.59
5500005217         GARDEN GROVE                                        92841   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,850,000.00                  1,850,000.00   First Lien                                    -        1,850,000.00                           -                      -        3,050,000.00                   60.66
5500005218         TUSTIN                                              92780   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,560,000.00                   64.10
5500005220         TUSTIN                                              92780   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  2,100,000.00                  2,100,000.00   First Lien                                    -        2,100,000.00                           -                      -        3,300,000.00                   63.64
5500005222         TORRANCE                                            90503   CA                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    865,000.00                    863,856.34   First Lien                                    -          865,000.00                           -                      -        1,300,000.00                   66.54
5500005223         LOS ANGELES                                         90035   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,925,000.00                  1,920,787.67   First Lien                                    -        1,925,000.00                           -                      -        2,725,000.00                   70.64
5500005225         WHITTIER                                            90602   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,170,000.00                  1,167,621.15   First Lien                                    -        1,170,000.00                           -                      -        2,150,000.00                   54.42
5500005228         CHATSWORTH                                          91311   CA                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                    780,000.00                    778,519.89   First Lien                                    -          780,000.00                           -                      -        2,775,000.00                   28.11
5500005229         CARLSBAD                                            92009   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,400,000.00                  1,396,314.85   First Lien                                    -        1,400,000.00                           -                      -        2,900,000.00                   48.28
5500005230         ANCHORAGE                                           99508   AK                       20070301                20370201    ARMS                   No                                          360                    360                          359                    333,750.00                    333,374.30   First Lien                                    -          333,750.00                           -             445,000.00          445,000.00                   75.00
5500005231         LONG BEACH                                          90813   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    345,000.00                    344,236.23   First Lien                                    -          345,000.00                           -                      -          950,000.00                   36.32
5500005237         FULLERTON                                           92832   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          900,000.00                   55.56
5500005238         PHOENIX                                             85040   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                  2,100,000.00                  2,100,000.00   First Lien                                    -        2,100,000.00                           -                      -        4,400,000.00                   47.73
5500005240         EL CAJON                                            92020   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    924,000.00                    922,035.12   First Lien                                    -          924,000.00                           -                      -        1,320,000.00                   70.00
5500005241         DALLAS                                              75216   TX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    929,500.00                    927,625.48   First Lien                                    -          929,500.00                           -                      -        1,430,000.00                   65.00
5500005242         DALLAS                                              75216   TX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    754,000.00                    752,479.41   First Lien                                    -          754,000.00                           -                      -        1,160,000.00                   65.00
5500005243         MONROVIA                                            91016   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    600,000.00                    598,276.79   First Lien                                    -          600,000.00                           -                      -        1,075,000.00                   55.81
5500005248         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    607,750.00                    606,633.41   First Lien                                    -          607,750.00                           -             935,000.00          935,000.00                   65.00
5500005254         INGLEWOOD                                           90301   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    710,000.00                    708,538.67   First Lien                                    -          710,000.00                           -           1,300,000.00        1,400,000.00                   54.62
5500005255         MAMMOTH LAKES                                       93546   CA                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    915,000.00                    914,280.34   First Lien                                    -          915,000.00                           -                      -        1,600,000.00                   57.19
5500005256         ALABASTER                                           35007   AL                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                    630,000.00                    628,770.12   First Lien                                    -          630,000.00                           -             970,000.00          970,000.00                   64.95
5500005263         ANAHEIM                                             92805   CA                       20070201                20220101    ARMS                   Yes                                         360                    480                          358                    720,000.00                    719,264.89   First Lien                                    -          720,000.00                           -           1,090,000.00        1,090,000.00                   66.06
5500005266         ORANGE                                              92868   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    620,000.00                    618,506.17   First Lien                                    -          620,000.00                           -             921,500.00          933,000.00                   67.28
5500005267         GREAT FALLS                                         59404   MT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    532,000.00                    531,139.76   First Lien                                    -          532,000.00                           -             857,000.00          770,000.00                   69.09
5500005268         NORTH HOLLYWOOD                                     91601   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    475,000.00                    473,797.70   First Lien                                    -          475,000.00                           -             785,000.00          785,000.00                   60.51
5500005275         HIGHLAND                                            92410   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    935,000.00                    933,129.66   First Lien                                    -          935,000.00                           -                      -        1,700,000.00                   55.00
5500005276         POMONA                                              91767   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    962,500.00                    960,574.66   First Lien                                    -          962,500.00                           -                      -        1,750,000.00                   55.00
5500005277         GARDENA                                             90249   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    790,000.00                    788,476.42   First Lien                                    -          790,000.00                           -           1,147,000.00        1,150,000.00                   68.88
5500005278         LAKEWOOD                                            90715   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,075,000.00                  1,072,943.53   First Lien                                    -        1,075,000.00                           -           1,630,000.00        1,630,000.00                   65.95
5500005279         LOS ANGELES                                         90018   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    630,000.00                    628,744.89   First Lien                                    -          630,000.00                           -             900,000.00          940,000.00                   70.00
5500005280         LOS ANGELES                                         90005   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                  1,650,000.00                  1,648,340.44   First Lien                                    -        1,650,000.00                           -                      -        3,040,000.00                   54.28
5500005281         LOS ANGELES                                         90046   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                  1,025,000.00                  1,023,915.90   First Lien                                    -        1,025,000.00                           -                      -        1,675,000.00                   61.19
5500005283         HAWTHORNE                                           90250   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,020,000.00                  1,017,883.43   First Lien                                    -        1,020,000.00                           -                      -        1,785,000.00                   57.14
5500005287         BELLFLOWER                                          90706   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    700,000.00                    698,547.46   First Lien                                    -          700,000.00                           -           1,183,050.00        1,300,000.00                   59.17
5500005289         SPRINGDALE                                          72762   AR                       20070201                20370101    ARMS                   No                                          360                    360                          358                    564,000.00                    562,805.55   First Lien                                    -          564,000.00                           -             752,000.00          752,000.00                   75.00
5500005290         VISTA                                               92083   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  3,680,000.00                  3,680,000.00   First Lien                                    -        3,680,000.00                           -                      -        5,820,000.00                   63.23
5500005293         LA MESA                                             91942   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    515,000.00                    513,948.64   First Lien                                    -          515,000.00                           -                      -        1,130,000.00                   45.58
5500005295         HAWTHORNE                                           90250   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    710,000.00                    710,000.00   First Lien                                    -          710,000.00                           -                      -        1,190,000.00                   59.66
5500005296         LOS ANGELES                                         91605   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    793,500.00                    791,912.71   First Lien                                    -          793,500.00                           -                      -        1,200,000.00                   66.13
5500005297         BEND                                                97702   OR                       20070201                20220301    ARMS                   Yes                                         180                    360                          178                    670,000.00                    668,665.19   First Lien                                    -          670,000.00                           -                      -        1,925,000.00                   34.81
5500005298         VICTORVILLE                                         92395   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    425,000.00                    424,153.30   First Lien                                    -          425,000.00                           -             746,900.00          770,000.00                   56.90
5500005300         LOS ANGELES                                         90057   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    708,000.00                    706,024.57   First Lien                                    -          708,000.00                           -           1,288,000.00        1,288,000.00                   54.97
5500005301         SAN DIEGO                                           92104   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    515,000.00                    513,948.64   First Lien                                    -          515,000.00                           -                      -        1,175,000.00                   43.83
5500005302         LA MESA                                             91942   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    600,000.00                    598,775.11   First Lien                                    -          600,000.00                           -                      -        2,030,000.00                   29.56
5500005303         YORBA LINDA                                         92887   CA                       20070401                20220301    ARMS                   Yes                                         180                    360                          180                  2,000,000.00                  1,980,000.00   First Lien                                    -        2,000,000.00                           -                      -        3,170,000.00                   63.09
5500005305         WESTMINSTER                                         92683   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    840,000.00                    838,228.26   First Lien                                    -          840,000.00                           -                      -        1,450,000.00                   57.93
5500005306         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    970,000.00                    968,043.80   First Lien                                    -          970,000.00                           -                      -        1,950,000.00                   49.74
5500005307         LAWTON                                              73505   OK                       20070201                20370101    ARMS                   No                                          360                    360                          358                    667,500.00                    666,207.44   First Lien                                    -          667,500.00                           -             927,500.00          890,000.00                   75.00
5500005308         EL MONTE                                            91732   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    700,000.00                    698,682.42   First Lien                                    -          700,000.00                           -                      -        1,300,000.00                   53.85
5500005309         LOS ANGELES                                         90020   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    749,027.95   First Lien                                    -          750,000.00                           -           1,500,000.00        1,500,000.00                   50.00
5500005311         APPLE VALLEY                                        92308   CA                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    787,500.00                    786,310.58   First Lien                                    -          787,500.00                           -           1,125,000.00        1,125,000.00                   70.00
5500005315         LOS ANGELES                                         91352   CA                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    600,000.00                    599,506.90   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
5500005316         LOS ANGELES                                         90006   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  4,450,000.00                  4,440,262.42   First Lien                                    -        4,450,000.00                           -                      -        6,265,000.00                   71.03
5500005319         PORTLAND                                            97203   OR                       20070201                20370101    ARMS                   No                                          360                    360                          358                    535,000.00                    533,921.06   First Lien                                    -          535,000.00                           -             768,000.00          780,000.00                   69.66
5500005322         LOS ANGELES                                         90004   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    875,000.00                    873,085.30   First Lien                                    -          875,000.00                           -                      -        1,600,000.00                   54.69
5500005323         UPLAND                                              91786   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    568,000.00                    566,816.56   First Lien                                    -          568,000.00                           -             915,000.00          925,000.00                   62.08
5500005325         FULLERTON                                           92833   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,265,000.00                  1,262,520.46   First Lien                                    -        1,265,000.00                           -           1,730,000.00        1,860,000.00                   73.12
5500005327         LOS ANGELES                                         91402   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,950,000.00                  1,950,000.00   First Lien                                    -        1,950,000.00                           -                      -        3,115,000.00                   62.60
5500005328         LOS ANGELES                                         91402   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  2,750,000.00                  2,750,000.00   First Lien                                    -        2,750,000.00                           -                      -        4,800,000.00                   57.29
5500005329         PANORAMA CITY                                       91402   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,100,000.00                  1,100,000.00   First Lien                                    -        1,100,000.00                           -                      -        2,250,000.00                   48.89
5500005331         LOS ANGELES                                         90291   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -        1,455,000.00                   41.24
5500005332         EDMONDS                                             98020   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,300,000.00                  1,297,356.84   First Lien                                    -        1,300,000.00                           -           2,180,000.00        2,185,000.00                   59.63
5500005335         GRESHAM                                             97230   OR                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,912,000.00                  1,908,144.06   First Lien                                    -        1,912,000.00                           -           2,390,000.00        2,750,000.00                   80.00
5500005341         INDIANAPOLIS                                        46226   IN                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,631,250.00                  1,628,065.51   First Lien                                    -        1,631,250.00                           -           2,175,000.00        2,175,000.00                   75.00
5500005342         MORENO VALLEY                                       92553   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    444,000.00                    443,330.85   First Lien                                    -          444,000.00                           -             650,000.00          675,000.00                   68.31
5500005344         LOS ANGELES                                         91406   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  2,793,000.00                  2,787,011.94   First Lien                                    -        2,793,000.00                           -           4,200,000.00        4,200,000.00                   66.50
5500005353         NORTH HOLLYWOOD                                     91606   CA                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    701,250.00                    700,673.69   First Lien                                    -          701,250.00                           -             935,000.00          935,000.00                   75.00
5500005355         EL CAJON                                            92021   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    817,500.00                    816,455.82   First Lien                                    -          817,500.00                           -                      -        1,090,000.00                   75.00
5500005358         SAN FRANCISCO                                       94121   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,800,000.00                  1,796,369.92   First Lien                                    -        1,800,000.00                           -                      -        4,185,000.00                   43.01
5500005360         LOS ANGELES                                         90037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    965,000.00                    965,000.00   First Lien                                    -          965,000.00                           -                      -        1,700,000.00                   56.76
5500005361         LOS ANGELES                                         90057   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    875,000.00                    875,000.00   First Lien                                    -          875,000.00                           -                      -        1,585,000.00                   55.21
5500005362         POMONA                                              91767   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    821,000.00                    819,410.22   First Lien                                    -          821,000.00                           -                      -        2,200,000.00                   37.32
5500005363         TORRANCE                                            90501   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                  4,140,000.00                  4,135,196.25   First Lien                                    -        4,140,000.00                           -                      -        5,900,000.00                   70.17
5500005364         LOMITA                                              90717   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                  3,675,000.00                  3,670,735.81   First Lien                                    -        3,675,000.00                           -                      -        5,400,000.00                   68.06
5500005372         AUBURN                                              98002   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    675,000.00                    675,000.00   First Lien                                    -          675,000.00                           -                      -        1,010,000.00                   66.83
5500005390         LOS ANGELES                                         90029   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    865,000.00                    863,182.98   First Lien                                    -          865,000.00                           -                      -        1,275,000.00                   67.84
5500005413         WEST HOLLYWOOD                                      90046   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    599,204.72   First Lien                                    -          600,000.00                           -                      -        1,575,000.00                   38.10
5500005414         WEST HOLLYWOOD                                      90046   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    599,204.72   First Lien                                    -          600,000.00                           -                      -        1,150,000.00                   52.17
5500005423         SEATTLE                                             98103   WA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                  1,960,000.00                  1,958,389.20   First Lien                                    -        1,960,000.00                           -                      -        3,430,000.00                   57.14
5500005425         VAN NUYS                                            91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    975,000.00                    975,000.00   First Lien                                    -          975,000.00                           -           1,575,000.00        1,575,000.00                   61.90
5500005426         LOS ANGELES                                         90038   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,245,000.00                  1,242,275.66   First Lien                                    -        1,245,000.00                           -                      -        1,770,000.00                   70.34
5500005428         LOS ANGELES                                         90019   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    500,000.00                    499,217.58   First Lien                                    -          500,000.00                           -                      -          740,000.00                   67.57
5500005432         LOS ANGELES                                         90003   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    499,362.89   First Lien                                    -          500,000.00                           -                      -          970,000.00                   51.55
5500005436         CHICO                                               95926   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,020,000.00                  1,020,000.00   First Lien                                    -        1,020,000.00                           -                      -        1,500,000.00                   68.00
5500005437         HIXSON                                              37343   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    439,500.00                    439,026.21   First Lien                                    -          439,500.00                           -             586,000.00          586,000.00                   75.00
5500005442         FULLERTON                                           92833   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    499,353.56   First Lien                                    -          500,000.00                           -                      -          995,000.00                   50.25
5500005443         NORTH HOLLYWOOD                                     91601   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    875,000.00                    873,161.96   First Lien                                    -          875,000.00                           -           1,430,000.00        1,430,000.00                   61.19
5500005444         HOQUIAM                                             98550   WA                       20070301                20220301    ARMS                   Yes                                         180                    360                          179                    880,000.00                    878,921.19   First Lien                                    -          880,000.00                           -                      -        1,230,000.00                   71.54
5500005454         LOS ANGELES                                         90057   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,597,500.00                  1,597,500.00   First Lien                                    -        1,597,500.00                           -                      -        2,130,000.00                   75.00
5500005455         LOS ANGELES                                         90004   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,001,250.00                    999,059.03   First Lien                                    -        1,001,250.00                           -           1,335,000.00        1,450,000.00                   75.00
5500005460         LONG BEACH                                          90805   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    350,000.00                    349,572.28   First Lien                                    -          350,000.00                           -                      -          598,000.00                   58.53
5500005470         RIVERSIDE                                           92506   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    370,000.00                    369,322.96   First Lien                                    -          370,000.00                           -             600,000.00          600,000.00                   61.67
5500005471         GONZALES                                            70767   LA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    714,000.00                    713,076.88   First Lien                                    -          714,000.00                           -                      -        1,020,000.00                   70.00
5500005472         ARCADIA                                             91006   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    697,000.00                    695,559.57   First Lien                                    -          697,000.00                           -                      -        1,246,000.00                   55.94
5500005478         LOS ANGELES                                         91335   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    975,000.00                    973,694.44   First Lien                                    -          975,000.00                           -                      -        1,500,000.00                   65.00
5500005481         LONG BEACH                                          90805   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    749,114.70   First Lien                                    -          750,000.00                           -           1,000,000.00        1,112,000.00                   75.00
5500005482         LOS ANGELES                                         90043   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    700,000.00                    699,103.74   First Lien                                    -          700,000.00                           -             875,000.00        1,035,000.00                   80.00
5500005484         SAN BERNARDINO                                      92401   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    599,235.47   First Lien                                    -          600,000.00                           -                      -          847,500.00                   70.80
5500005485         LOS ANGELES                                         90008   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    530,000.00                    529,374.39   First Lien                                    -          530,000.00                           -             735,000.00          725,000.00                   73.10
5500005500         BONNER SPRINGS                                      66012   KS                       20070301                20370201    ARMS                   No                                          360                    360                          359                    445,000.00                    444,480.13   First Lien                                    -          445,000.00                           -             625,000.00          625,000.00                   71.20
5500005501         LONG BEACH                                          90813   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    780,000.00                    779,357.50   First Lien                                    -          780,000.00                           -                      -        1,200,000.00                   65.00
5500005502         VALLEJO                                             94590   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    765,000.00                    764,398.32   First Lien                                    -          765,000.00                           -           1,020,000.00        1,020,000.00                   75.00
5500005506         ADELANTO                                            92301   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  2,275,000.00                  2,272,051.46   First Lien                                    -        2,275,000.00                           -                      -        3,500,000.00                   65.00
5500005509         LOS ANGELES                                         90004   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    630,000.00                    629,500.00   First Lien                                    -          630,000.00                           -             930,000.00          930,000.00                   67.74
5500005510         PORTLAND                                            97214   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    620,000.00                    619,196.44   First Lien                                    -          620,000.00                           -           1,210,600.00        1,215,000.00                   51.21
5500005528         CHICO                                               95973   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,680,000.00                  1,677,859.32   First Lien                                    -        1,680,000.00                           -           2,450,000.00        2,450,000.00                   68.57
5500005534         LOS ANGELES                                         90046   CA                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    711,000.00                    700,000.00   First Lien                                    -          711,000.00                           -           1,185,000.00        1,200,000.00                   60.00
5500005535         LOS ANGELES                                         90035   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    499,362.89   First Lien                                    -          500,000.00                           -                      -        1,218,000.00                   41.05
5500005556         LOS ANGELES                                         91401   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    525,000.00   First Lien                                    -          500,000.00                           -                      -          845,000.00                   59.17
5500005566         SANTA ANA                                           92701   CA                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                  2,350,000.00                  2,350,000.00   First Lien                                    -        2,350,000.00                           -           3,200,000.00        3,200,000.00                   73.44
1103620345         MIAMI                                               33175   FL                       20061201                20220301    FIXED                  Yes                                         180                    360                          176                     56,000.00                     55,936.36   Second Lien                          448,000.00          504,000.00                           -             560,000.00          560,000.00                   90.00
1103636910         SPRING HILL                                         34606   FL                       20070201                20211101    FIXED                  Yes                                         180                    360                          178                     20,000.00                     19,987.84   Second Lien                           76,300.00           96,300.00                           -              96,300.00          102,000.00                  100.00
1103639862         BROOKLYN CENTER                                     55430   MN                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     44,330.00                     44,271.49   Second Lien                          124,124.00          168,454.00                           -             177,320.00          230,000.00                   95.00
1103646913         BAKERSFIELD                                         93312   CA                       20070301                20211201    FIXED                  Yes                                         180                    360                          179                     67,200.00                     67,180.23   Second Lien                          268,750.00          335,950.00                           -             335,965.00          336,000.00                  100.00
1103647381         HILEAH                                              33018   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     30,650.00                     30,650.00   Second Lien                          244,800.00          275,450.00                           -             306,990.00          310,000.00                   89.73
1103648579         ONTARIO                                             91762   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     60,000.00                     59,974.84   Second Lien                          480,000.00          540,000.00                           -             600,000.00          605,000.00                   90.00
1103648881         NORTH MIAMI BEACH                                   33161   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     52,500.00                     52,484.55   Second Lien                          262,500.00          315,000.00                           -             350,000.00          350,000.00                   90.00
1103649852         PALMDALE                                            93551   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    106,000.00                    106,000.00   Second Lien                          424,000.00          530,000.00                           -             530,000.00          530,000.00                  100.00
1103649975         NORTH LAS VEGAS                                     89084   NV                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     21,000.00                     21,000.00   Second Lien                          196,000.00          217,000.00                           -                      -          248,000.00                   87.50
1103650624         GRASS VALLEY                                        95945   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     30,240.00                     30,226.62   Second Lien                          345,600.00          375,840.00                           -                      -          432,000.00                   87.00
1103651272         COOLIDGE                                            85228   AZ                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     34,500.00                     34,500.00   Second Lien                          138,150.00          172,650.00                           -             172,735.00          179,000.00                   99.95
1103652611         CAPE CORAL                                          33990   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     49,400.00                     49,400.00   Second Lien                          230,650.00          280,050.00                           -                      -          329,500.00                   84.99
1103653036         ORLANDO                                             32839   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     47,400.00                     47,400.00   Second Lien                          189,600.00          237,000.00                           -             237,000.00          237,000.00                  100.00
1103655581         TUJUNGA                                             91042   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     93,750.00                     93,750.00   Second Lien                          500,000.00          593,750.00                           -             625,000.00          675,000.00                   95.00
1103655643         ELK GROVE VILLAGE                                   60007   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     44,320.00                     44,320.00   Second Lien                          222,080.00          266,400.00                           -             296,111.00          312,000.00                   89.97
1103655747         HONOLULU                                            96816   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    350,800.00                    350,800.00   Second Lien                        1,949,200.00        2,300,000.00                           -                      -        2,998,800.00                   76.70
1103656383         BRIGHTON                                            80602   CO                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     52,000.00                     52,000.00   Second Lien                          208,000.00          260,000.00                           -             260,000.00          260,000.00                  100.00
1103657175         CLEARFIELD                                          84015   UT                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     55,500.00                     55,500.00   Second Lien                          155,400.00          210,900.00                           -             222,100.00          295,700.00                   94.96
1103659242         TRABUCO CANYON                                      92679   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    400,000.00                    400,000.00   Second Lien                        1,999,900.00        2,399,900.00                           -           3,050,000.00        3,100,000.00                   78.69
2503207522         RANCHO CUCAMONGA                                    91739   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    400,000.00                    400,000.00   Second Lien                          780,990.00        1,180,990.00                           -           1,180,990.00        1,180,990.00                  100.00
2503208947         SEATTLE                                             98102   WA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     99,000.00                     99,000.00   Second Lien                          371,250.00          470,250.00                           -             495,000.00          495,000.00                   95.00
2503210914         HONOLULU                                            96817   HI                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    114,000.00                    114,000.00   Second Lien                          456,000.00          570,000.00                           -             570,000.00          570,000.00                  100.00
2503210930         HONOLULU                                            96817   HI                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    110,000.00                    110,000.00   Second Lien                          440,000.00          550,000.00                           -             550,000.00          555,000.00                  100.00
2503211318         KEAAU                                               96749   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     54,450.00                     54,450.00   Second Lien                          290,400.00          344,850.00                           -                      -          363,000.00                   95.00
2503211639         CALUMET CITY                                        60827   IL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     30,000.00                     30,000.00   Second Lien                          120,000.00          150,000.00                           -             150,000.00          150,000.00                  100.00
2503211690         SAN PEDRO AREA                                      90731   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    120,000.00                    120,000.00   Second Lien                          640,000.00          760,000.00                           -             800,000.00          800,000.00                   95.00
2503212084         BALTIMORE                                           21229   MD                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     58,000.00                     58,000.00   Second Lien                          284,000.00          342,000.00                           -                      -          355,000.00                   96.34
2503212147         BALDWIN PARK                                        91706   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    113,600.00                    113,600.00   Second Lien                          454,400.00          568,000.00                           -             568,000.00          570,000.00                  100.00
2503213152         BRONX                                               10456   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    107,200.00                    107,200.00   Second Lien                          428,800.00          536,000.00                           -             536,000.00          540,000.00                  100.00
2503213339         SANTA ANA                                           92706   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    162,000.00                    162,000.00   Second Lien                          648,000.00          810,000.00                           -             810,000.00          810,000.00                  100.00
2503213344         MONTCLAIR                                           91763   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     72,000.00                     72,000.00   Second Lien                          288,000.00          360,000.00                           -             360,000.00          368,000.00                  100.00
2503213354         BANNING                                             92220   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     72,000.00                     72,000.00   Second Lien                          288,000.00          360,000.00                           -             360,000.00          375,000.00                  100.00
2503213619         SAN DIEGO                                           92120   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    117,000.00                    117,000.00   Second Lien                          468,000.00          585,000.00                           -             585,000.00          625,000.00                  100.00
2503213701         LOS ANGELES (SYLMAR AREA)                           91342   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    118,000.00                    118,000.00   Second Lien                          472,000.00          590,000.00                           -             590,000.00          590,000.00                  100.00
2503213747         HEMPSTEAD                                           11550   NY                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          320,000.00          380,000.00                           -                      -          400,000.00                   95.00
2503213867         WAIMANALO                                           96795   HI                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     82,000.00                     82,000.00   Second Lien                          328,000.00          410,000.00                           -             410,000.00          410,000.00                  100.00
2503214005         LOS ANGELES                                         90042   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    105,000.00                    105,000.00   Second Lien                          420,000.00          525,000.00                           -             525,000.00          525,000.00                  100.00
2503214097         SAN DIEGO                                           92128   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     91,400.00                     91,400.00   Second Lien                          365,600.00          457,000.00                           -                      -          457,000.00                  100.00
2503214168         LOS ANGELES                                         90037   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    172,475.00                    172,475.00   Second Lien                          517,425.00          689,900.00                           -             689,900.00          690,000.00                  100.00
2503214497         SANTA ANA                                           92706   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    110,500.00                    110,500.00   Second Lien                          442,000.00          552,500.00                           -             552,500.00          600,000.00                  100.00
2503214528         LA PALMA                                            90623   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    115,000.00                    115,000.00   Second Lien                          460,000.00          575,000.00                           -             575,000.00          600,000.00                  100.00
2503214546         HERCULES                                            94547   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     62,000.00                     62,000.00   Second Lien                          496,000.00          558,000.00                           -             620,000.00          620,000.00                   90.00
2503214907         NORWALK                                             90650   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     86,000.00                     86,000.00   Second Lien                          344,000.00          430,000.00                           -             430,000.00          442,000.00                  100.00
2503215130         BELLFLOWER                                          90706   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    104,000.00                    104,000.00   Second Lien                          416,000.00          520,000.00                           -             520,000.00          520,000.00                  100.00
2503215452         SAN FERNANDO                                        91344   CA                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                    112,000.00                    112,000.00   Second Lien                          448,000.00          560,000.00                           -             560,000.00          581,000.00                  100.00
2503215555         WELLINGTON                                          33414   FL                       20070501                20220301    FIXED                  Yes                                         180                    360                          180                     36,660.00                     36,660.00   Second Lien                          146,640.00          183,300.00                           -             183,300.00          200,000.00                  100.00

LOAN_ID                   COMBO_LTV   MI                    MTG_INS          MI_PCT                   CURRENT_GROSS_COUPON         SERV_FEE        MSERV      LPMI         TOTAL_STRIP                CURRENT_NET_COUPON          PAYMENT    PREPAY        PP_DESC              BACK_RATIO   PRODUCT                                  IO_PERIOD    INDEX                 RATE_FREQ         PAY_FREQ               NEXT_RATE_ADJ_DATE1              NEXT_PAY_ADJ_DATE1      ROLL       MARGIN
1103584580                    95.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,185.94    Yes           6MP                       37.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20110601                                        51        2.250
1103586631                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220           990.91    Yes           1YP                       46.32   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103591424                    68.95   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         2,014.55    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103601212                    35.60   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         2,979.17    Yes           1YP                       39.10   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103603669                    74.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,651.13    Yes           2YP                       33.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103605997                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,764.17    Yes           2YP                       44.20   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103607944                    90.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         3,150.00    Yes           2YP                       47.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111101                                        56        3.000
1103608150                    99.99   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,472.25    Yes           1YP                       40.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103608558                   100.00   No MI                 NO MI                 0                                  8.250            0.250        0.030     0.000               0.280                             7.970           885.45    No            NO                        42.60   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103611552                    89.48   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,587.50    No            NO                        43.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103611725                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,176.05    Yes           1YP                       41.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103613851                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,312.50    Yes           3YP                       18.62   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103617300                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           853.13    No            NO                        42.62   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.500
1103622198                    28.17   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,313.86    No            NO                        27.24   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103622952                    84.56   MI                    LPMI                 22                                  7.250            0.375        0.030     0.370               0.775                             6.475         1,471.25    Yes           3YP                       41.35   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111101                                        56        3.000
1103623076                   100.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         1,643.33    No            NO                        48.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103623408                    99.99   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,808.64    Yes           1YP                       45.51   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103624184                   100.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         3,768.33    No            NO                        42.03   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103625191                    99.82   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,468.24    Yes           1YP                       45.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103625345                   100.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         1,466.67    Yes           3YP                       37.56   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103626012                    79.97   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,300.00    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103627762                    77.81   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,865.68    No            NO                        41.92   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103628830                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,013.28    Yes           6MP                       41.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103629224                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,744.80    Yes           3YP                       37.23   5/6 LIBOR                                             LIBOR                         6                6                          20111101                                        56        2.750
1103629431                    78.60   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,260.00    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103629858                    74.21   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,985.00    Yes           3YP                       34.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103630253                    85.00   MI                    LPMI                 22                                  7.000            0.375        0.030     0.590               0.995                             6.005         1,740.38    No            NO                        42.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        6.250
1103630450                    70.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,861.98    Yes           1YP                       26.44   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103631161                    89.98   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,103.44    Yes           3YP                       48.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103631249                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,615.94    Yes           6MP                       42.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103631338                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,374.17    Yes           2YP                       40.10   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103631564                    47.28   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,255.26    Yes           3YP                       33.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103631951                    80.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         5,839.84    No            NO                        32.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103632042                    95.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,085.76    Yes           3YP                       42.29   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103632374                    95.00   MI                    LPMI                 30                                  8.750            0.375        0.030     1.180               1.585                             7.165         1,371.56    Yes           2YP                       49.96   2/6 LIBOR IO                                   120    LIBOR                         6                6                          20090201                                        23        3.500
1103632425                    90.00   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         2,748.10    Yes           3YP                       43.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103632669                    60.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         2,267.81    Yes           1YP                       44.17   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103632722                    60.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         3,576.88    Yes           1YP                       46.65   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103632732                    87.43   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970           764.63    No            NO                        28.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103632963                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,258.75    Yes           3YP                       39.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        3.000
1103633014                    90.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,941.21    Yes           3YP                       44.33   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103633115                    95.00   No MI                 NO MI                 0                                  8.990            0.375        0.030     0.000               0.405                             8.585         1,123.75    Yes           3YP                       41.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103633151                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,065.56    No            NO                        40.22   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103633224                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           891.04    Yes           1YP                       37.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103633318                    94.99   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,628.23    No            NO                        35.65   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103633412                    74.07   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         1,791.67    Yes           1YP                       46.37   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103633673                    55.56   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           963.54    No            NO                        26.40   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103633769                    75.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           786.72    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.750
1103633982                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           734.18    Yes           1YP                       44.80   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        3.000
1103634051                    87.64   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,949.79    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103634224                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,296.25    Yes           3YP                       32.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103634332                    55.60   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         2,335.08    Yes           3YP                       44.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103634386                    80.00   No MI                 NO MI                 0                                  8.990            0.375        0.030     0.000               0.405                             8.585         1,189.78    No            NO                         0.00   2/6 LIBOR                                             LIBOR                         6                6                          20090101                                        22        3.000
1103634730                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           806.32    Yes           1YP                       35.30   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100101                                        34        3.000
1103635046                    80.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,137.50    No            NO                        49.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103635508                    65.98   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         3,994.10    Yes           3YP                        0.00   20YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103635662                    90.00   MI                    LPMI                 25                                  7.875            0.375        0.030     0.820               1.225                             6.650         1,960.88    Yes           3YP                       39.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.625
1103635709                    95.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         1,750.00    Yes           3YP                       40.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103635773                    49.69   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         2,299.55    No            NO                        32.95   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103635779                    72.73   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         3,547.32    Yes           3YP                       26.32   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103635799                    83.57   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,520.00    Yes           1YP                       40.06   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103635804                    59.06   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,999.58    Yes           3YP                       39.30   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        3.000
1103635994                    67.55   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,656.25    No            NO                        25.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        3.000
1103636117                    75.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         2,742.19    Yes           3YP                       43.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111101                                        56        3.000
1103636219                    80.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         1,167.47    Yes           5YP                       21.59   5/6 LIBOR                                             LIBOR                         6                6                          20111101                                        56        3.000
1103636277                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           778.98    Yes           2YP                       33.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103636350                    73.22   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,350.12    No            NO                         0.00   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20081201                                        21        3.000
1103636410                    94.99   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,161.67    Yes           3YP                       25.38   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103636504                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,612.50    Yes           3YP                       44.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103636520                    39.85   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,100.81    No            NO                        14.55   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103636655                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           896.00    Yes           3YP                       43.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103636716                    80.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,969.69    Yes           1YP                       48.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103636729                   100.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         2,337.50    No            NO                        47.29   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103636745                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470           918.75    No            NO                        31.39   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103636795                    48.28   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,800.75    Yes           1YP                       28.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103636823                    65.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         5,397.67    Yes           3YP                       36.17   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103636850                    80.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,720.83    Yes           1YP                       16.81   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103636904                   100.00   No MI                 NO MI                 0                                  9.250            0.375        0.030     0.000               0.405                             8.845           588.15    Yes           3YP                       41.48   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103636905                    90.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           983.33    Yes           3YP                       24.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        3.000
1103636911                    94.25   MI                    LPMI                 30                                  7.500            0.375        0.030     1.280               1.685                             5.815         2,405.30    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20110301                                        48        6.500
1103636915                    89.97   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,564.50    Yes           3YP                       41.78   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103636947                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,166.67    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103637007                    95.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         1,107.42    Yes           1YP                       29.06   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        3.000
1103637164                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,248.00    Yes           3YP                       42.32   5/1 LIBOR IO                                    60    LIBOR                        12               12                          20111201                                        57        2.250
1103637218                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,961.33    No            NO                        37.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103637474                    61.30   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,777.87    No            NO                        36.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103637660                    52.14   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,747.40    Yes           3YP                       45.59   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103637690                    47.24   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,531.67    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103637779                    84.29   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,276.56    Yes           3YP                       44.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103637781                    76.69   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         3,840.15    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103637846                    63.62   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,460.34    No            NO                        53.76   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103637870                    89.99   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,397.25    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103637964                    89.60   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,567.19    Yes           1YP                       35.72   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103637965                    35.44   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,329.14    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
1103637976                    70.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           583.33    Yes           1YP                       30.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103638046                    76.25   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,906.25    Yes           1YP                       44.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103638060                   100.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,717.13    Yes           3YP                       35.44   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111101                                        56        2.750
1103638077                    95.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,303.88    No            NO                        30.14   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        6.750
1103638257                    95.00   MI                    BPMI                 30                                  7.500            0.375        0.030     0.000               0.405                             7.095           970.72    Yes           1YP                       47.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103638365                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,685.00    No            NO                        44.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103638398                   100.00   No MI                 NO MI                 0                                  8.600            0.375        0.030     0.000               0.405                             8.195         1,318.67    Yes           2YP                       45.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        6.125
1103638401                    89.99   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         3,163.51    Yes           2YP                       25.40   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103638514                    71.76   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,588.54    Yes           3YP                       42.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103638571                    70.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,859.38    No            NO                        42.16   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103638615                    75.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,091.80    No            NO                        38.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.250
1103638677                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           990.00    No            NO                        41.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103638718                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,966.52    Yes           2YP                       49.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.000
1103638729                    53.12   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,998.13    No            NO                        35.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103638735                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,604.17    Yes           3YP                       34.59   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        3.000
1103638743                    79.28   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,258.50    Yes           3YP                       44.45   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100101                                        34        2.500
1103638819                    50.51   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,519.03    Yes           3YP                       49.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103638840                    95.00   No MI                 NO MI                 0                                  9.500            0.375        0.030     0.000               0.405                             9.095         2,976.67    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.500
1103638846                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,237.72    Yes           3YP                       43.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103638851                    63.74   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         3,058.43    No            NO                        42.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
1103638854                   100.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           856.77    Yes           3YP                       40.71   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103638942                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,579.25    Yes           3YP                       32.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103638960                    52.89   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,270.57    Yes           3YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103639011                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,688.29    Yes           1YP                       41.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103639017                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220           792.73    Yes           2YP                       39.52   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103639029                    69.94   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,306.25    Yes           1YP                       43.70   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103639156                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         3,018.75    Yes           3YP                       36.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
1103639160                    54.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,192.50    Yes           2YP                       35.57   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103639186                    12.36   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           347.64    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.250
1103639192                    44.47   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,008.13    No            NO                        37.71   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.250
1103639194                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         5,833.33    No            NO                        36.35   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.250
1103639195                    89.52   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,861.83    No            NO                        45.31   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.250
1103639273                    96.17   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,770.33    Yes           3YP                       43.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.875
1103639318                    65.16   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           915.52    Yes           3YP                       32.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103639326                    35.11   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         4,778.42    No            NO                        43.75   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        3.000
1103639331                    80.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,756.25    Yes           3YP                       35.83   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        2.750
1103639417                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,242.72    Yes           3YP                       37.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103639478                    75.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595         1,152.86    Yes           3YP                       35.45   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103639507                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           993.75    Yes           3YP                       32.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103639567                    80.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,768.34    Yes           2YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        4.000
1103639568                    95.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720           888.67    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        4.000
1103639572                    84.97   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,219.36    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        4.000
1103639573                    77.24   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,108.33    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        4.000
1103639580                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         3,196.67    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        4.000
1103639605                    72.62   No MI                 NO MI                 0                                  6.900            0.250        0.030     0.000               0.280                             6.620         3,108.59    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103639616                    89.98   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           998.39    Yes           1YP                       13.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103639617                    99.89   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,745.00    No            NO                        33.73   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103639665                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,681.25    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        3.250
1103639807                    72.73   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,733.33    Yes           1YP                        0.00   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        3.000
1103639815                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,454.17    No            NO                        38.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103639866                    36.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,462.50    Yes           2YP                       41.60   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103639867                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,925.00    No            NO                        44.73   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.500
1103639875                    85.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,179.62    No            NO                        38.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103639902                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,283.33    Yes           3YP                       43.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103639929                    57.69   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,105.57    Yes           1YP                       43.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103639974                    88.71   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         1,460.16    No            NO                        38.81   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103639979                    75.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,780.86    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640004                    77.41   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,698.13    No            NO                        38.65   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640107                    75.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         2,208.48    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640124                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,400.00    Yes           2YP                       49.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640158                    22.55   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,306.51    No            NO                        20.43   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640172                   100.00   No MI                 NO MI                 0                                  8.875            0.375        0.030     0.000               0.405                             8.470         3,129.92    Yes           3YP                       44.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640195                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,275.00    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640236                    66.67   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,364.35    Yes           3YP                       43.54   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103640267                    47.62   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           923.58    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640282                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,657.50    Yes           6MP                       41.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640297                    90.00   MI                    BPMI                 25                                  9.750            0.375        0.030     0.000               0.405                             9.345         1,623.80    No            NO                        48.57   2/6 LIBOR                                             LIBOR                         6                6                          20090101                                        22        3.000
1103640353                    80.00   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895           855.19    Yes           3YP                       38.05   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640357                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,633.37    Yes           3YP                       46.33   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103640383                    60.61   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           857.43    Yes           3YP                       44.88   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640408                   100.00   No MI                 NO MI                 0                                  5.125            0.375        0.030     0.000               0.405                             4.720         1,503.33    Yes           3YP                       44.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640436                    51.23   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,545.83    Yes           1YP                       32.05   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103640464                    80.00   No MI                 NO MI                 0                                  8.650            0.375        0.030     0.000               0.405                             8.245         1,059.59    No            NO                        33.78   2/6 LIBOR                                             LIBOR                         6                6                          20090101                                        22        3.000
1103640504                    52.38   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,253.46    Yes           3YP                       49.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640511                    95.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         2,626.38    Yes           3YP                       41.61   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640526                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,222.50    No            NO                        34.84   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103640559                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,720.00    No            NO                         0.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        3.500
1103640568                    80.00   No MI                 NO MI                 0                                 10.375            0.375        0.030     0.000               0.405                             9.970           977.84    Yes           3YP                       43.59   2/6 LIBOR                                             LIBOR                         6                6                          20090101                                        22        3.000
1103640628                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,586.67    Yes           1YP                       41.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103640631                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,251.48    Yes           2YP                       48.16   2/6 LIBOR                                             LIBOR                         6                6                          20081201                                        21        3.000
1103640659                    70.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,422.24    Yes           2YP                       19.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640693                    66.18   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,250.00    Yes           2YP                       34.73   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103640699                    54.69   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845           637.99    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640711                    46.11   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           881.88    Yes           3YP                       47.94   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640727                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,776.25    Yes           3YP                       34.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640762                    86.68   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,118.33    No            NO                        30.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640775                    97.70   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         5,273.33    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640778                    90.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           958.26    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640793                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,500.00    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640794                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,202.08    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640798                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,384.35    Yes           1YP                       37.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        3.250
1103640806                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,016.77    Yes           1YP                       26.02   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        3.250
1103640816                    94.99   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         2,844.68    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640822                    90.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,916.67    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103640823                   100.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,562.50    Yes           3YP                       39.61   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103640825                    56.24   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,301.90    Yes           3YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103640827                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,542.13    Yes           3YP                       32.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103640891                    80.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720           975.00    No            NO                        46.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640932                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,912.50    Yes           1YP                       42.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640939                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,080.62    No            NO                        30.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640942                    95.00   MI                    BPMI                 30                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,788.60    Yes           3YP                       48.38   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103640954                    95.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           578.13    Yes           1YP                       33.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103640963                    77.29   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         4,895.83    Yes           3YP                       41.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103640964                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,385.00    Yes           3YP                       49.55   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103640981                    51.13   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         3,111.67    No            NO                        24.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103640999                    73.40   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,277.50    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103641001                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,275.44    Yes           2YP                       45.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641005                    72.83   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,744.79    Yes           3YP                       36.03   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641007                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,760.42    Yes           1YP                       43.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103641018                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         4,218.75    Yes           1YP                       42.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103641049                    94.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,372.30    Yes           3YP                       48.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641064                    46.14   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,762.70    Yes           3YP                       30.24   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103641067                    89.98   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,346.03    No            NO                        38.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103641070                    95.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,260.42    Yes           3YP                       47.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641118                    70.00   No MI                 NO MI                 0                                  6.970            0.250        0.030     0.000               0.280                             6.690           857.89    Yes           3YP                       39.71   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641134                    75.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,645.31    No            NO                        49.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641140                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,184.79    Yes           3YP                        0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        3.000
1103641151                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,256.67    No            NO                        40.15   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641152                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,528.82    No            NO                        39.42   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641156                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,500.00    No            NO                        44.96   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641158                    58.15   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,126.25    Yes           3YP                       40.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641179                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,360.67    Yes           3YP                       36.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641188                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,795.83    Yes           3YP                       40.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641189                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,875.83    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641195                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,841.67    Yes           3YP                       48.90   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103641207                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,723.33    Yes           1YP                       28.94   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641235                    60.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,468.75    Yes           3YP                       42.02   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641275                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,187.50    Yes           1YP                       40.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
1103641309                    66.67   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         5,312.50    No            NO                        40.65   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641354                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,170.75    Yes           3YP                       45.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103641358                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,647.44    No            NO                        35.86   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090101                                        22        3.000
1103641370                    88.48   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,860.00    Yes           3YP                       44.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103641388                    44.70   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,139.06    Yes           2YP                       34.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641404                    60.53   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,424.70    No            NO                        28.53   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641448                    69.47   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,650.00    No            NO                         0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103641495                    77.55   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,927.08    Yes           3YP                       43.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641543                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,448.75    Yes           3YP                       48.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103641550                    94.99   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,212.44    Yes           3YP                       29.78   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.500
1103641561                    70.00   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         1,505.00    Yes           3YP                       30.89   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        2.750
1103641562                    61.51   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           858.22    Yes           3YP                       26.17   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        2.750
1103641575                    76.06   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,137.69    Yes           1YP                       49.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641606                    68.70   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         5,156.25    No            NO                        31.31   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641613                    49.18   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           985.39    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641616                    90.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,900.74    No            NO                        42.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641621                    80.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         1,896.89    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641641                    68.29   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,816.04    Yes           3YP                       25.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641652                    78.28   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,118.33    Yes           1YP                       39.50   2/6 LIBOR IO                                   120    LIBOR                         6                6                          20090101                                        22        3.000
1103641701                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,034.66    Yes           3YP                       48.09   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103641708                    77.14   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,682.57    Yes           3YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103641717                    87.18   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,584.38    Yes           2YP                       31.31   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641734                    51.89   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,418.77    Yes           3YP                       30.03   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641736                    75.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,056.25    Yes           1YP                       43.02   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103641738                   100.00   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         2,062.50    Yes           3YP                       27.56   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641801                    48.75   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           947.92    No            NO                        54.41   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        3.000
1103641804                    37.81   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,380.00    No            NO                        37.81   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641822                    75.00   No MI                 NO MI                 0                                  9.250            0.375        0.030     0.000               0.405                             8.845         4,936.05    Yes           3YP                       39.38   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103641827                    75.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,021.63    Yes           3YP                       39.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641833                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,621.72    No            NO                        38.89   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103641841                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,260.00    Yes           2YP                       46.56   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103641850                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           581.96    Yes           2YP                       40.74   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103641884                    70.59   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,896.20    No            NO                        35.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641890                    89.86   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,188.06    No            NO                        38.51   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103641899                    75.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,582.81    Yes           2YP                       36.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641910                    75.00   No MI                 NO MI                 0                                  7.890            0.250        0.030     0.000               0.280                             7.610           828.45    Yes           3YP                       41.46   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103641938                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,132.75    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103641953                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         4,038.13    Yes           3YP                       42.34   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103641972                    64.04   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,114.58    Yes           1YP                       35.10   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103641977                    75.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,809.67    Yes           3YP                       49.29   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103641984                    57.14   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,970.79    Yes           2YP                       43.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103641988                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,353.30    No            NO                        36.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642007                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         4,058.75    No            NO                        36.69   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20081201                                        21        2.250
1103642008                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         4,462.50    No            NO                        29.71   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20081201                                        21        2.250
1103642058                    69.91   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,944.69    No            NO                        24.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642059                    86.44   MI                    BPMI                 25                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,434.38    Yes           3YP                       43.01   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642074                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,733.33    No            NO                        39.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642077                    70.33   No MI                 NO MI                 0                                  6.880            0.250        0.030     0.000               0.280                             6.600           841.30    Yes           3YP                       39.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642084                    95.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         3,406.67    Yes           1YP                       44.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642102                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,292.72    No            NO                        54.54   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103642165                    79.19   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,895.83    Yes           3YP                       45.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642166                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,193.33    Yes           3YP                        0.00   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        3.000
1103642173                    69.44   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,593.75    Yes           3YP                       54.45   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642178                    64.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,583.33    Yes           2YP                       42.08   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        3.000
1103642180                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           666.82    Yes           1YP                       35.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642211                    37.29   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,301.38    Yes           3YP                       40.95   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103642221                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,503.91    No            NO                        48.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642279                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,029.17    Yes           3YP                       29.27   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        3.000
1103642282                    41.38   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,468.75    Yes           3YP                       44.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642288                    80.22   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,369.79    Yes           2YP                       39.97   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642290                    85.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         3,625.00    No            NO                        44.84   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642291                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         3,265.63    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642292                    77.67   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,333.33    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642293                    54.95   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,432.29    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642294                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         1,643.63    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642297                    75.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,471.48    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642298                    23.62   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220           937.50    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642299                    74.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         6,139.69    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642300                    75.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         3,812.50    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642301                    90.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,900.00    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642302                    65.00   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         3,596.94    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642303                    65.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,141.95    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642304                    90.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         2,415.13    Yes           1YP                       39.36   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642305                    62.71   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         5,299.48    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642306                    75.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,939.06    No            NO                        20.19   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642307                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,741.67    No            NO                        40.36   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642308                    80.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         1,652.08    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642310                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720           692.67    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642311                    71.43   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,594.39    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642313                    75.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,295.29    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642314                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,154.73    Yes           1YP                       39.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642315                    41.94   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         4,270.04    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642317                    64.32   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,930.97    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642318                    90.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,744.37    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642319                    90.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,435.96    Yes           1YP                       36.95   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642321                    59.77   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,729.79    Yes           1YP                       34.33   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642323                    69.44   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,663.26    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642325                    63.06   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,945.79    Yes           1YP                       43.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642326                    54.29   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,370.71    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642328                    43.24   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         5,295.58    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642330                    33.88   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,114.82    Yes           1YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642332                    57.21   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         4,275.52    Yes           1YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642334                    20.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,211.63    Yes           1YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642335                    80.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,017.08    No            NO                        41.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.750
1103642341                    76.44   No MI                 NO MI                 0                                  8.965            0.375        0.030     0.000               0.405                             8.560         1,284.98    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.875
1103642342                    95.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,420.83    No            NO                        34.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642344                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           739.79    Yes           1YP                       36.48   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642346                    55.00   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270           639.49    Yes           3YP                       35.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642354                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,424.22    Yes           2YP                       44.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642371                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,960.00    No            NO                        41.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.250
1103642381                    65.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,048.57    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642406                    64.75   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,723.13    Yes           3YP                       18.48   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642411                    61.43   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,266.46    Yes           1YP                       37.49   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642422                    69.74   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,416.67    Yes           3YP                       33.31   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642434                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           730.98    Yes           1YP                       35.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103642439                    84.80   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,070.31    Yes           3YP                       13.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642448                    72.35   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,792.87    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642465                    87.41   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,266.30    Yes           3YP                       36.58   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642474                    47.19   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,203.13    No            NO                        42.07   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642484                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,673.49    Yes           3YP                       42.86   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642485                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           475.47    Yes           3YP                       38.03   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103642487                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,448.75    No            NO                        40.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642489                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,887.43    No            NO                        47.26   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642490                   100.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         2,620.86    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642491                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,329.27    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642492                    68.61   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,496.88    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642493                    70.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,515.94    Yes           3YP                       28.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642494                    98.92   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,128.02    Yes           3YP                       49.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642496                    51.33   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           745.95    No            NO                        22.23   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103642497                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,556.64    Yes           3YP                       35.49   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103642498                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,240.94    No            NO                        34.86   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103642500                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,764.58    Yes           3YP                       37.24   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642501                   100.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         1,950.00    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642502                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,713.08    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642503                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,275.00    No            NO                        48.08   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642504                    54.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,350.00    Yes           3YP                       48.55   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20131201                                        81        2.750
1103642505                    95.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,466.67    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642506                    99.99   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,117.60    Yes           3YP                       37.03   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642507                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         4,771.72    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103642509                    72.97   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,406.25    Yes           2YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103642537                    61.22   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,250.00    Yes           3YP                       42.92   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        3.250
1103642541                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         5,400.00    No            NO                        20.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        3.250
1103642543                    73.49   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,842.71    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        3.250
1103642555                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,524.07    No            NO                        28.69   5/1 LIBOR                                             LIBOR                        12               12                          20111201                                        57        3.250
1103642566                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,000.75    No            NO                        44.80   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        3.250
1103642574                    38.46   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,590.53    Yes           3YP                       44.66   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642585                    73.73   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,800.48    Yes           6MP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642676                    90.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,901.31    No            NO                        39.28   5/1 LIBOR                                             LIBOR                        12               12                          20111001                                        55        2.250
1103642684                    37.28   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         7,078.66    Yes           3YP                       45.79   5/1 LIBOR                                             LIBOR                        12               12                          20111101                                        56        2.250
1103642758                    56.32   No MI                 NO MI                 0                                  4.875            0.250        0.030     0.000               0.280                             4.595         1,698.76    Yes           3YP                       29.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642774                    77.97   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,491.67    Yes           2YP                       46.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642788                    64.95   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,430.92    Yes           3YP                       38.85   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642805                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,728.83    Yes           3YP                       41.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103642842                    46.67   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470           689.06    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642860                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           956.21    Yes           3YP                       36.75   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103642876                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,466.40    Yes           3YP                       22.54   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642904                    37.50   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,167.48    Yes           6MP                       35.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103642908                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,700.00    Yes           3YP                       42.54   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100101                                        34        3.000
1103642909                    80.00   No MI                 NO MI                 0                                  9.300            0.375        0.030     0.000               0.405                             8.895         1,271.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103642923                    79.31   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,156.25    No            NO                        29.88   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        2.250
1103642924                    88.26   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,326.01    No            NO                        49.74   5/1 LIBOR                                             LIBOR                        12               12                          20111201                                        57        2.250
1103642927                    76.38   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,526.04    No            NO                        38.31   7/1 LIBOR IO                                    84    LIBOR                        12               12                          20131101                                        80        1.875
1103642928                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,560.00    No            NO                        48.30   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        5.000
1103642929                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,564.58    No            NO                        44.40   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        2.250
1103642932                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,756.67    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        5.000
1103642933                    41.33   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,517.71    No            NO                        38.89   7/1 LIBOR IO                                   120    LIBOR                        12               12                          20131201                                        81        2.250
1103642945                    73.53   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         7,097.36    Yes           3YP                       24.82   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103642973                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,049.33    No            NO                        41.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103642975                    80.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         1,641.76    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.250
1103642978                    94.92   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         4,811.62    Yes           3YP                       39.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.250
1103642991                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,720.67    Yes           2YP                       43.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103642996                    99.99   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,749.38    Yes           3YP                       48.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643020                    92.46   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,105.73    Yes           3YP                       40.52   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643033                   100.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         2,808.52    Yes           3YP                       48.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643034                    95.00   No MI                 NO MI                 0                                  9.000            0.375        0.030     0.000               0.405                             8.595         1,811.25    Yes           3YP                       32.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643049                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,167.08    Yes           2YP                       44.42   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100101                                        34        5.875
1103643075                    21.62   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,020.83    No            NO                        42.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643080                    83.68   MI                    LPMI                 22                                  7.650            0.375        0.030     0.590               0.995                             6.655         1,029.56    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.750
1103643083                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           555.40    Yes           3YP                       46.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643096                    87.02   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,740.84    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643112                    80.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,633.33    Yes           1YP                       49.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643121                    80.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,653.75    Yes           3YP                       44.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643134                    71.84   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,385.42    No            NO                        42.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643149                    60.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         3,477.96    Yes           3YP                       47.02   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643155                    36.48   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,481.88    No            NO                        33.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643193                    47.84   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,372.37    No            NO                        34.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643196                    52.81   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,346.35    No            NO                        48.74   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643214                    90.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,625.83    Yes           3YP                       36.03   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643218                    79.10   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,709.64    Yes           3YP                       34.46   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643222                    69.25   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,223.96    Yes           3YP                       32.12   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103643224                    94.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,995.05    No            NO                        47.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643227                    65.65   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,129.92    Yes           1YP                       35.55   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103643235                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,585.94    No            NO                        10.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643276                    70.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,454.69    Yes           3YP                       39.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643278                    60.00   No MI                 NO MI                 0                                  5.850            0.375        0.030     0.000               0.405                             5.445         1,462.50    Yes           3YP                       41.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643292                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,242.97    Yes           1YP                       47.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643293                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,117.97    Yes           3YP                       37.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643310                    80.00   No MI                 NO MI                 0                                  7.900            0.250        0.030     0.000               0.280                             7.620         1,337.32    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643317                    58.89   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         2,086.88    Yes           3YP                       31.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643336                    50.86   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,413.54    No            NO                        39.99   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103643392                    90.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,920.00    Yes           3YP                       44.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643402                    21.08   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         2,992.25    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643403                    47.76   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,353.22    Yes           3YP                       35.10   20YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643413                    33.33   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           624.08    Yes           3YP                       24.93   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643424                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,125.00    Yes           3YP                       38.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643432                    70.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,388.75    Yes           3YP                       27.69   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643438                    49.63   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,605.21    Yes           2YP                       40.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643450                    75.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,221.46    No            NO                        44.56   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643460                    68.40   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           908.44    Yes           1YP                       41.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103643461                    64.74   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,882.81    No            NO                        41.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        4.000
1103643489                    58.82   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         1,567.71    Yes           3YP                       35.75   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643492                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,890.00    Yes           1YP                       44.11   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643496                    80.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,189.72    Yes           3YP                       48.86   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643507                    82.19   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,307.29    No            NO                        26.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643526                    78.95   No MI                 NO MI                 0                                  5.900            0.250        0.030     0.000               0.280                             5.620         2,037.96    Yes           3YP                       48.59   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643542                    95.00   No MI                 NO MI                 0                                  7.050            0.375        0.030     0.000               0.405                             6.645         1,365.94    No            NO                        26.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643545                    79.91   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         3,161.01    No            NO                        44.74   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103643547                    85.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         5,687.50    Yes           2YP                       43.44   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103643552                    64.77   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         3,593.75    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103643562                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           892.50    No            NO                        40.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643565                    80.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         3,671.87    Yes           3YP                       35.90   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103643613                    24.50   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970           877.92    Yes           3YP                       32.57   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        3.000
1103643615                    70.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,271.21    Yes           3YP                       29.99   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103643625                    61.83   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,647.02    Yes           3YP                       24.79   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643663                    80.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,844.53    Yes           1YP                       43.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643677                    61.18   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,354.17    Yes           3YP                       32.39   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103643679                    85.00   MI                    BPMI                 12                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,309.53    Yes           3YP                       48.66   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103643682                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,116.67    Yes           1YP                       39.38   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103643723                    74.94   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,305.73    Yes           1YP                       40.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643728                    78.90   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,270.83    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
1103643754                    89.99   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,250.73    Yes           1YP                       36.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103643760                    68.04   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,452.34    Yes           3YP                       51.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643771                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,340.63    No            NO                        40.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643781                    38.82   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,014.06    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643783                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,315.62    Yes           1YP                       42.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103643798                    57.27   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           721.88    Yes           3YP                       43.89   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643799                    80.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,217.50    No            NO                        45.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103643806                    80.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         2,365.00    Yes           3YP                       42.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643835                    95.00   MI                    LPMI                 30                                  9.000            0.375        0.030     0.880               1.285                             7.715         1,298.70    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        4.500
1103643881                    70.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,492.82    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643885                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,684.17    Yes           3YP                       21.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643903                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,600.00    Yes           2YP                       42.46   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103643940                    65.67   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,383.33    Yes           2YP                       42.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103643941                    65.79   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,002.56    No            NO                        36.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643963                    79.99   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,134.53    No            NO                        11.68   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103643970                    78.95   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,390.63    Yes           3YP                       38.22   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644020                    85.00   MI                    LPMI                 22                                  7.750            0.375        0.030     0.630               1.035                             6.715         2,854.58    No            NO                        36.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.125
1103644034                    70.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,839.40    Yes           1YP                       35.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103644091                    74.19   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         6,710.97    Yes           3YP                       36.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103644110                    56.52   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         3,182.29    No            NO                        36.70   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644130                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,150.00    Yes           2YP                       26.24   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090201                                        23        3.000
1103644134                    80.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,792.06    No            NO                        49.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103644139                    70.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,383.96    Yes           3YP                       11.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644166                    89.98   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,151.04    No            NO                        49.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644185                    40.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,917.86    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103644253                    65.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,531.56    Yes           2YP                       34.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103644279                    60.87   No MI                 NO MI                 0                                  5.999            0.250        0.030     0.000               0.280                             5.719         1,749.71    Yes           2YP                       33.60   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644290                    99.98   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,143.54    Yes           1YP                       44.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103644298                    86.32   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         2,657.25    Yes           3YP                       49.37   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103644306                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,448.53    Yes           1YP                       35.45   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103644337                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,025.00    Yes           3YP                       38.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644345                    56.67   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,210.00    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103644346                    72.38   No MI                 NO MI                 0                                  8.900            0.375        0.030     0.000               0.405                             8.495         1,127.33    Yes           2YP                        0.00   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090201                                        23        3.000
1103644353                    61.05   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           616.25    Yes           1YP                       22.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103644357                    95.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970           583.11    Yes           3YP                       32.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
1103644370                    88.57   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345           880.47    Yes           3YP                       40.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103644383                   100.00   No MI                 NO MI                 0                                  8.650            0.375        0.030     0.000               0.405                             8.245         4,203.90    Yes           2YP                       48.89   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090201                                        23        3.000
1103644387                    54.50   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,725.00    Yes           1YP                       31.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644397                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220           822.86    Yes           1YP                       43.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644410                    70.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,030.00    Yes           3YP                       40.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644423                    43.70   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,475.00    No            NO                        29.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644424                    96.11   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,802.67    Yes           3YP                       42.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.250
1103644425                    74.67   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,815.21    Yes           3YP                       38.63   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103644449                    70.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         2,053.33    Yes           3YP                       39.42   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103644466                    89.99   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,923.73    Yes           1YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100101                                        34        3.000
1103644475                    42.78   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           625.00    Yes           3YP                       36.53   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103644490                    80.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,067.40    No            NO                        11.56   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103644496                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,854.17    Yes           2YP                       45.29   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        3.000
1103644497                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,997.50    Yes           3YP                       21.47   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644555                    75.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,335.94    Yes           3YP                       48.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644566                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,575.00    Yes           3YP                       37.41   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103644568                    35.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,328.56    Yes           3YP                       51.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103644578                    73.51   No MI                 NO MI                 0                                  6.999            0.375        0.030     0.000               0.405                             6.594         2,872.51    Yes           1YP                       35.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103644603                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,554.58    Yes           3YP                       44.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644627                    93.73   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,822.98    Yes           3YP                       35.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103644633                   100.00   No MI                 NO MI                 0                                  8.875            0.375        0.030     0.000               0.405                             8.470         3,839.92    Yes           1YP                       44.39   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        3.000
1103644639                    70.00   No MI                 NO MI                 0                                  7.675            0.250        0.030     0.000               0.280                             7.395           514.86    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644646                    34.22   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720           770.00    Yes           3YP                       22.57   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644648                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,636.25    Yes           3YP                       47.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644682                    85.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         7,988.20    No            NO                        40.80   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644696                    70.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,006.25    Yes           3YP                       13.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644698                    70.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,723.00    No            NO                         0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103644699                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,531.25    Yes           3YP                       39.51   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103644714                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           759.50    Yes           1YP                       35.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644726                    70.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,010.99    Yes           3YP                       32.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644728                    70.92   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         4,895.83    Yes           2YP                       31.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644731                    65.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,907.75    Yes           3YP                       36.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644734                    87.14   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,987.57    No            NO                        41.52   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103644746                    70.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,010.99    Yes           3YP                       32.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644767                    84.78   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         3,188.83    No            NO                        42.05   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103644792                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,808.33    Yes           3YP                       29.37   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644794                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           840.00    Yes           3YP                       46.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644798                    95.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095           708.33    Yes           3YP                       24.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644799                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,956.14    Yes           3YP                       42.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644800                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,125.00    Yes           1YP                       20.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644801                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,563.00    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644804                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,170.00    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644806                    76.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,181.36    Yes           3YP                       44.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644808                    95.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,164.53    Yes           3YP                       40.74   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644809                    80.00   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220           479.12    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
1103644815                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,925.00    No            NO                        33.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103644821                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,260.34    No            NO                        25.68   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        6.500
1103644829                    93.91   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,056.25    Yes           1YP                       36.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644830                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,237.76    Yes           2YP                       32.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644835                    70.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,071.88    Yes           3YP                       38.13   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644843                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,407.50    Yes           3YP                       49.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644845                    70.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         4,176.97    Yes           1YP                       43.70   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103644847                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,264.37    Yes           2YP                       48.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644848                    65.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595           575.86    No            NO                        29.47   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103644850                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,756.25    No            NO                        21.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644862                    46.75   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,228.33    Yes           3YP                       40.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644865                    94.89   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,970.83    Yes           1YP                       49.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103644868                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,663.33    No            NO                        46.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.500
1103644887                    80.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,173.34    Yes           1YP                       29.09   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.500
1103644889                    99.45   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,868.75    Yes           1YP                       40.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103644908                    69.95   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           764.64    Yes           1YP                       43.49   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        3.000
1103644915                    70.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,036.56    Yes           3YP                       45.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103644928                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,600.00    Yes           2YP                       38.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103644936                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,546.87    No            NO                        46.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644942                    89.98   No MI                 NO MI                 0                                  9.500            0.375        0.030     0.000               0.405                             9.095         1,392.94    No            NO                        35.37   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103644971                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,310.00    Yes           2YP                       36.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103644985                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,244.22    Yes           1YP                       42.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.250
1103644992                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           888.13    No            NO                        41.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645001                    95.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         3,932.25    Yes           2YP                       43.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645013                    75.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095           931.42    No            NO                        22.69   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645042                    48.78   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,970.79    Yes           3YP                       41.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645044                    78.05   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,556.67    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103645085                    57.37   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,432.10    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103645107                    85.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         5,312.50    Yes           1YP                       39.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645120                    70.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           960.76    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645123                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,128.13    Yes           2YP                       44.10   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103645126                    89.29   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,444.95    No            NO                        25.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103645141                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,208.33    Yes           3YP                       47.73   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103645145                    83.33   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,424.60    Yes           3YP                       19.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645148                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,084.01    Yes           2YP                       45.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103645154                    27.03   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,078.59    Yes           3YP                       15.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645171                    90.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         9,679.69    No            NO                        38.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645174                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,250.00    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645193                    55.97   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           916.26    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645195                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,033.33    No            NO                        21.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645200                    90.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,560.13    No            NO                        32.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645212                    56.67   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,390.63    No            NO                        24.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103645215                    85.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,140.63    Yes           1YP                       46.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645223                    90.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,305.12    No            NO                        42.45   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645241                    95.00   No MI                 NO MI                 0                                  9.750            0.375        0.030     0.000               0.405                             9.345         2,749.30    No            NO                        38.94   6M LIBOR                                              LIBOR                         6                6                          20070801                                         5        3.000
1103645244                    93.37   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         2,161.49    Yes           3YP                       36.38   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645260                    95.00   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220         3,099.61    No            NO                        46.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103645302                    94.59   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,475.42    Yes           1YP                       40.07   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
1103645313                    27.05   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           754.38    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103645320                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,747.81    No            NO                        43.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103645321                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,731.25    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645322                    75.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         4,692.19    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645323                    99.69   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,016.25    No            NO                        48.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        5.000
1103645324                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470           493.50    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        4.500
1103645325                    94.78   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,197.50    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        5.400
1103645326                    88.89   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,475.00    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.250
1103645329                    61.86   No MI                 NO MI                 0                                  5.878            0.375        0.030     0.000               0.405                             5.473         1,469.50    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.875
1103645347                    80.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,720.83    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645349                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,803.44    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645350                    94.98   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,342.81    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645351                   100.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,082.81    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645352                    95.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,185.94    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645353                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,620.00    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645354                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,468.13    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645355                    99.99   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,699.56    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111101                                        56        4.000
1103645356                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,499.58    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645357                    99.99   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,886.35    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645358                    89.95   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           706.73    Yes           2YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111101                                        56        4.000
1103645359                    90.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470           951.65    Yes           2YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        4.000
1103645360                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,101.48    Yes           1YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        4.000
1103645361                    95.74   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,933.59    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
1103645365                    52.83   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,131.85    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645366                    85.81   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,665.29    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645367                    79.99   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           870.18    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645396                    56.89   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         2,012.94    Yes           3YP                       34.75   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103645421                    99.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,060.47    No            NO                        40.64   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645422                    59.49   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,747.81    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645423                    93.33   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,750.00    No            NO                        43.67   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645424                    84.84   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,025.00    No            NO                        44.98   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645425                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,583.75    No            NO                        43.60   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645426                    64.94   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,380.21    Yes           1YP                       44.08   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645427                    70.10   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,108.33    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645428                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,139.50    No            NO                        26.77   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645429                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,501.67    No            NO                        35.72   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645430                    75.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,742.19    No            NO                        46.50   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645431                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           984.67    Yes           3YP                       35.62   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645432                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           861.25    Yes           3YP                       39.73   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645433                    58.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,078.44    No            NO                        22.86   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645434                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         4,285.42    No            NO                        27.58   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645435                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,204.17    Yes           3YP                       40.25   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645436                    60.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,372.50    Yes           1YP                       45.75   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645437                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,009.58    No            NO                        35.62   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645438                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,479.17    No            NO                        44.31   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103645439                    70.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         4,655.00    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645440                    80.85   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,487.50    No            NO                        38.78   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645441                    58.49   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           823.44    Yes           3YP                       42.16   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645442                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,209.00    No            NO                        36.85   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645443                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,645.83    No            NO                        49.85   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645444                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           834.75    No            NO                        46.45   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645445                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,107.06    No            NO                         0.00   5/1 LIBOR                                             LIBOR                        12               12                          20120101                                        58        3.250
1103645446                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,970.83    No            NO                        37.95   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645447                    78.38   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,601.04    No            NO                        44.98   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645448                    88.51   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,384.77    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645449                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,507.81    No            NO                        44.85   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103645465                    89.95   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,796.50    No            NO                        27.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103645468                    53.95   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           733.20    Yes           3YP                       26.06   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.500
1103645470                    65.38   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           558.39    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645489                    63.33   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,066.77    No            NO                        23.45   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103645510                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           852.50    Yes           3YP                       37.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111101                                        56        2.750
1103645511                    70.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           836.72    No            NO                        32.03   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645514                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,833.33    No            NO                        34.05   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645516                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,782.43    Yes           3YP                       44.94   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
1103645517                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,126.67    Yes           3YP                       48.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645518                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,385.00    Yes           3YP                       49.74   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645519                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           789.69    No            NO                        40.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645520                    65.81   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,625.63    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645522                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           911.69    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
1103645526                    80.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,078.40    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103645527                    60.57   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           661.30    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
1103645528                    73.91   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         4,427.08    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103645530                    70.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         1,579.85    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103645531                    47.40   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,324.72    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103645546                    70.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         1,110.67    Yes           1YP                       42.46   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103645551                    95.00   No MI                 NO MI                 0                                  9.125            0.375        0.030     0.000               0.405                             8.720         3,514.90    Yes           5YP                       38.41   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.500
1103645604                    55.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           664.58    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        6.250
1103645613                    57.80   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,384.79    Yes           3YP                       38.35   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103645623                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,089.17    Yes           2YP                       42.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645628                    80.00   No MI                 NO MI                 0                                  9.012            0.375        0.030     0.000               0.405                             8.607         1,159.90    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103645629                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,940.63    Yes           3YP                       27.29   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645637                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,768.51    No            NO                        42.22   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
1103645643                    90.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,280.10    Yes           1YP                       48.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
1103645650                    80.00   No MI                 NO MI                 0                                  7.950            0.250        0.030     0.000               0.280                             7.670         3,710.00    Yes           2YP                       43.12   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103645651                    52.63   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           937.50    Yes           5YP                       23.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.250
1103645659                    74.94   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         3,098.16    Yes           1YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103645672                    69.99   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         8,166.85    No            NO                        35.50   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645677                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,353.23    Yes           3YP                       43.03   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645684                    93.28   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,338.75    Yes           1YP                       38.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103645689                    85.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,044.79    Yes           3YP                       29.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645700                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,253.33    Yes           3YP                       29.03   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645706                    90.00   MI                    LPMI                 25                                 11.375            0.375        0.030     1.190               1.595                             9.780         1,871.30    No            NO                         0.00   2/6 LIBOR                                             LIBOR                         6                6                          20090201                                        23        3.875
1103645736                    95.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         6,200.00    No            NO                        19.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645741                    94.99   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,657.69    No            NO                        48.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103645744                    73.33   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         3,166.11    Yes           3YP                       46.75   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645750                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,336.67    Yes           3YP                       42.88   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103645756                   100.00   No MI                 NO MI                 0                                  9.500            0.250        0.030     0.000               0.280                             9.220         4,540.61    Yes           3YP                       40.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645806                    75.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,468.35    Yes           2YP                       32.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645810                    45.83   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         1,539.92    Yes           3YP                       22.63   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645823                    57.60   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,025.00    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645831                    49.76   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,696.48    Yes           3YP                       47.70   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645833                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,175.00    Yes           3YP                       27.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103645836                    93.04   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,650.00    Yes           1YP                       38.52   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103645845                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,911.25    Yes           2YP                       43.16   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103645847                    80.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         1,586.67    Yes           3YP                       35.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645849                    44.44   No MI                 NO MI                 0                                  7.650            0.250        0.030     0.000               0.280                             7.370         1,419.03    Yes           1YP                       22.85   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645851                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         5,590.02    No            NO                        36.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645880                    90.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         1,341.67    Yes           3YP                       38.66   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140101                                        82        2.500
1103645899                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,681.25    Yes           1YP                       39.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103645913                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,933.33    Yes           1YP                       42.86   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        4.000
1103645918                    70.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,075.52    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645926                    95.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,162.09    Yes           2YP                       37.93   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103645947                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,261.67    Yes           1YP                       48.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645965                    38.71   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,501.44    Yes           3YP                       26.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645969                    57.06   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         2,174.56    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103645989                    87.10   No MI                 NO MI                 0                                 12.875            0.375        0.030     0.000               0.405                            12.470         2,960.38    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        4.375
1103645990                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,961.67    Yes           1YP                       47.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103645997                    70.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,013.05    Yes           3YP                       39.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646059                    99.43   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,511.83    Yes           1YP                       45.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646062                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,208.33    Yes           3YP                       50.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646063                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,848.75    Yes           3YP                       38.44   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646064                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,833.33    No            NO                        34.94   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646065                    41.94   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,760.42    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646066                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           891.00    No            NO                        49.88   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646067                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,416.46    No            NO                        48.43   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646068                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,045.31    No            NO                        40.40   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646069                    65.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           933.02    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646070                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,389.06    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646071                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,244.53    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646072                    56.69   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,226.25    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646073                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,176.00    Yes           3YP                       21.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646074                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,597.50    No            NO                        49.90   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646075                    99.10   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,041.56    No            NO                        45.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646076                    99.97   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,603.25    No            NO                        34.33   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646077                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,112.92    No            NO                        47.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646078                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         5,217.19    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646079                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           916.67    No            NO                        42.94   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646080                    72.64   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,844.79    No            NO                        44.56   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646081                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,333.33    No            NO                        41.20   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646082                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         4,325.83    No            NO                        43.75   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646083                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,708.33    Yes           3YP                       36.14   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646084                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,430.00    Yes           3YP                       40.50   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646085                    75.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,713.28    No            NO                        45.13   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646086                    89.95   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         4,319.79    No            NO                        39.15   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646087                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,467.10    No            NO                        42.23   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646088                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,590.83    No            NO                        23.87   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646089                    68.75   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,753.13    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646091                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,732.50    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646092                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,129.33    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646093                    64.77   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           677.08    No            NO                        48.96   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646094                    90.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         4,760.83    Yes           3YP                       36.45   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646095                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           830.33    No            NO                        36.02   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646096                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,164.17    No            NO                        31.96   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646097                    92.59   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,662.92    No            NO                        44.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646098                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,053.75    Yes           3YP                       36.38   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646099                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,753.33    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646100                    95.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,064.84    No            NO                        41.37   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646101                    32.61   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         3,515.63    Yes           3YP                       33.99   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646102                    65.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,015.63    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646103                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           810.00    Yes           3YP                       39.44   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646104                    88.69   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,527.23    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646138                    95.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470           797.91    No            NO                        35.11   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646141                    31.08   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         1,131.14    No            NO                        48.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646144                    70.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,680.88    Yes           1YP                       49.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103646145                    69.81   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         1,649.38    Yes           2YP                       35.16   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103646146                    90.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,422.50    Yes           3YP                       41.29   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646156                    76.34   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         5,835.73    Yes           1YP                       37.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646160                    84.64   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,487.50    Yes           1YP                       46.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103646162                    43.07   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,319.12    Yes           2YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646170                    90.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,492.50    Yes           3YP                       37.12   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        2.750
1103646175                    54.55   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,318.75    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646199                    75.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         2,100.00    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103646210                    60.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,050.00    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646222                    41.18   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,701.31    Yes           3YP                       24.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646227                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,401.26    Yes           2YP                       43.47   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103646233                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           745.94    Yes           1YP                       38.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646237                    90.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           740.10    Yes           1YP                       39.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646271                    66.27   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         3,081.20    No            NO                         0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646282                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,995.42    No            NO                        41.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
1103646299                    80.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,916.67    Yes           3YP                       36.58   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646302                    25.04   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,905.43    No            NO                        39.34   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646304                    80.00   No MI                 NO MI                 0                                  9.125            0.250        0.030     0.000               0.280                             8.845           846.83    No            NO                        19.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646347                    89.96   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,239.45    Yes           1YP                       34.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
1103646383                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,643.75    Yes           1YP                       44.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646391                    47.76   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,318.45    Yes           3YP                       48.82   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        2.750
1103646394                   100.00   No MI                 NO MI                 0                                  8.220            0.375        0.030     0.000               0.405                             7.815           970.91    No            NO                        38.98   2/6 LIBOR                                             LIBOR                         6                6                          20081201                                        21        6.250
1103646409                   100.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,744.58    Yes           3YP                       40.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646416                    80.00   No MI                 NO MI                 0                                 10.500            0.375        0.030     0.000               0.405                            10.095         1,170.87    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103646429                    89.98   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220         2,225.25    No            NO                        36.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.875
1103646438                    95.00   MI                    LPMI                 30                                  9.875            0.375        0.030     1.330               1.735                             8.140         1,254.74    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.500
1103646441                    65.80   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595           621.77    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646444                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,032.50    No            NO                        39.48   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646462                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           893.42    Yes           3YP                       31.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646484                    59.16   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470           729.79    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646503                    95.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095           727.97    No            NO                        44.43   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646533                    66.12   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,088.07    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646537                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,096.88    No            NO                        44.16   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103646544                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,656.25    Yes           3YP                       44.01   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        2.750
1103646576                    59.70   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,083.33    Yes           1YP                       19.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646618                   100.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,957.50    Yes           3YP                       41.40   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646625                    68.82   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,523.44    Yes           3YP                       49.65   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646629                    55.84   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           572.92    No            NO                        35.47   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646661                    62.26   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,700.00    No            NO                        45.85   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103646674                   100.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220           582.50    Yes           1YP                       39.68   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646684                    59.08   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,203.13    Yes           1YP                       42.99   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646685                    48.15   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345           622.92    No            NO                        32.04   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646686                    89.33   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,476.56    Yes           3YP                       23.56   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646687                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           985.29    No            NO                        44.07   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646688                    90.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,280.00    Yes           3YP                       32.64   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646689                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           992.33    No            NO                        48.31   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646691                    93.61   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         3,446.48    No            NO                        40.26   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646692                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,092.75    No            NO                        37.16   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646693                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           743.75    Yes           3YP                       38.04   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646694                    80.01   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,562.50    Yes           3YP                       40.38   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646695                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,795.83    No            NO                        32.89   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646696                    98.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,770.83    Yes           3YP                       42.37   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646697                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,921.25    Yes           1YP                       46.73   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646698                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,280.00    Yes           3YP                       44.13   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646699                    99.51   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,827.92    No            NO                        37.44   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646700                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,520.83    No            NO                        44.18   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646701                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,762.50    No            NO                        38.21   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646702                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         4,393.75    No            NO                        44.09   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646703                    69.08   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         9,854.17    No            NO                        41.70   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646704                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,482.81    No            NO                        42.40   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646705                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,800.00    No            NO                        48.13   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646706                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,890.00    Yes           3YP                       49.83   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646707                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,325.00    Yes           3YP                       40.69   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646708                    35.20   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,668.23    No            NO                        42.60   7/1 LIBOR IO                                   120    LIBOR                        12               12                          20140101                                        82        2.250
1103646709                    85.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         2,095.07    Yes           3YP                        0.00   5/1 LIBOR                                             LIBOR                        12               12                          20120101                                        58        3.250
1103646710                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,270.83    No            NO                        38.11   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646711                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,833.33    No            NO                        44.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646712                    63.83   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,500.00    No            NO                        38.26   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103646713                    90.00   MI                    BPMI                 25                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,713.60    Yes           1YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646714                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           898.33    No            NO                        36.32   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646715                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,899.75    No            NO                        42.28   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646716                    63.74   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,789.58    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646717                    79.20   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,062.50    Yes           3YP                       38.24   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646718                    80.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,143.75    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646719                    65.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,985.55    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646720                    77.46   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,566.67    Yes           3YP                       46.70   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646721                    94.69   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,167.50    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646722                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,600.00    Yes           3YP                       41.96   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646723                    61.61   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,520.83    No            NO                        38.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646725                    50.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,242.19    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646726                    92.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,330.00    No            NO                        16.42   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646727                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,594.53    No            NO                        44.88   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646728                    89.48   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,449.00    No            NO                        43.29   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646729                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,810.83    No            NO                        32.78   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103646770                    65.19   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,673.49    Yes           2YP                       44.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646782                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,952.17    Yes           1YP                       38.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103646794                    66.04   No MI                 NO MI                 0                                  7.300            0.250        0.030     0.000               0.280                             7.020         1,086.63    Yes           3YP                       47.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103646799                    66.19   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           555.75    Yes           2YP                       47.90   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646810                    95.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           895.13    Yes           3YP                       43.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646817                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,401.25    Yes           3YP                       38.82   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646832                    78.79   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,462.50    No            NO                        47.48   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103646840                    99.98   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,396.42    Yes           1YP                       47.73   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646878                    95.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,950.52    Yes           1YP                       35.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646882                    76.56   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,603.13    Yes           3YP                       47.71   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103646886                    88.76   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,080.00    Yes           3YP                       41.77   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        2.750
1103646908                    98.68   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,971.67    Yes           3YP                       44.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646911                   100.00   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         1,203.78    Yes           1YP                       35.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646914                    69.78   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,270.83    No            NO                        26.64   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103646927                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,200.00    Yes           3YP                       49.71   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103646950                    70.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         4,287.50    Yes           1YP                       33.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646972                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,150.83    Yes           3YP                       43.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103646975                    94.99   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,427.16    Yes           6MP                       34.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647008                    79.92   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         2,249.38    Yes           3YP                       36.72   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647018                   100.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         3,430.67    No            NO                        46.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103647035                    73.89   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         6,019.11    Yes           3YP                       44.20   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647043                    72.73   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,166.67    No            NO                        22.61   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103647046                    80.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,840.00    Yes           3YP                       38.24   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647059                    46.51   No MI                 NO MI                 0                                  5.125            0.250        0.030     0.000               0.280                             4.845         1,281.25    Yes           3YP                       39.81   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103647063                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         2,312.92    Yes           3YP                       41.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647071                    75.96   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,121.95    Yes           3YP                       41.35   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647089                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,058.33    Yes           3YP                       40.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647091                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,313.96    No            NO                        41.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
1103647097                    80.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,161.25    Yes           1YP                       40.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647102                    49.38   No MI                 NO MI                 0                                  9.125            0.375        0.030     0.000               0.405                             8.720         1,627.27    No            NO                        49.00   2/6 LIBOR                                             LIBOR                         6                6                          20090201                                        23        3.000
1103647119                    90.00   MI                    LPMI                 25                                  9.500            0.375        0.030     1.020               1.425                             8.075         1,702.73    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.750
1103647129                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,165.61    Yes           2YP                       49.49   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103647131                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           816.26    Yes           2YP                       44.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647138                    76.92   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         5,416.67    No            NO                        36.58   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647163                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,338.83    Yes           2YP                       43.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103647170                    70.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           660.24    Yes           3YP                       35.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647178                    85.00   MI                    LPMI                 22                                  9.800            0.375        0.030     0.680               1.085                             8.715           971.83    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
1103647209                    93.18   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,025.00    No            NO                        36.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647228                    90.00   MI                    LPMI                 25                                  8.220            0.250        0.030     0.720               1.000                             7.220           517.82    No            NO                        43.16   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647251                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,182.50    Yes           3YP                       34.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647303                    78.75   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,673.44    Yes           3YP                       37.73   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103647304                    90.00   MI                    BPMI                 25                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,125.00    Yes           3YP                        0.00   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.000
1103647313                    78.45   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,998.12    Yes           3YP                       29.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647327                    76.77   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         5,468.50    No            NO                        40.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647332                    70.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,173.96    Yes           1YP                       36.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647337                    59.35   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,279.69    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647350                    90.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         6,666.67    Yes           1YP                       33.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.750
1103647363                    49.62   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,963.54    Yes           3YP                       28.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647377                    89.73   No MI                 NO MI                 0                                  8.250            0.250        0.030     0.000               0.280                             7.970         1,683.00    No            NO                        39.18   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647404                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,841.67    Yes           3YP                       46.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647415                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,077.08    No            NO                        42.45   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.000
1103647420                    59.67   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,629.68    Yes           3YP                       44.04   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647421                    23.17   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           657.59    Yes           2YP                       43.50   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103647424                    55.33   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,458.33    Yes           2YP                       40.66   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103647454                    49.85   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,720.02    No            NO                        36.40   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647474                    67.27   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,369.15    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647477                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,223.00    Yes           3YP                       49.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647479                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           678.41    No            NO                        38.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647483                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           617.46    No            NO                        39.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647492                    61.67   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           555.00    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103647494                    94.98   MI                    BPMI                 30                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,500.75    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647498                    60.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           633.91    No            NO                        39.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647499                    56.14   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         3,079.76    No            NO                        34.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647503                    64.35   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,196.87    Yes           3YP                       44.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647510                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,843.75    Yes           1YP                       16.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647545                    85.00   No MI                 NO MI                 0                                  9.000            0.375        0.030     0.000               0.405                             8.595         3,540.00    No            NO                        45.01   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647554                    32.05   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,726.69    No            NO                        45.98   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103647563                    73.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,269.24    Yes           1YP                       26.76   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103647618                   100.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,109.77    Yes           3YP                       43.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647621                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,655.00    Yes           3YP                       48.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
1103647633                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,831.66    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647642                    67.58   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,667.76    No            NO                        45.77   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647667                    73.68   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           931.42    Yes           2YP                       36.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647681                    86.63   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,375.00    No            NO                        44.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647686                    73.64   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,653.75    Yes           2YP                       46.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647707                    85.00   MI                    LPMI                 22                                  6.500            0.375        0.030     0.590               0.995                             5.505         1,795.63    Yes           3YP                       34.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
1103647712                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,230.32    No            NO                        30.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        5.875
1103647725                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495           989.00    Yes           3YP                       45.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647757                   100.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         2,320.67    Yes           1YP                       43.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647762                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         2,388.75    Yes           3YP                       40.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647778                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,822.83    No            NO                        49.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647788                    45.45   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           663.54    Yes           3YP                       44.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647793                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,136.67    Yes           1YP                       36.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103647794                    76.05   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,779.42    Yes           3YP                       38.85   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647815                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,072.92    Yes           1YP                       33.30   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647843                    74.97   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,399.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
1103647844                    63.64   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,033.96    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647856                    63.13   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,578.13    Yes           3YP                       24.75   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103647859                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,201.73    Yes           3YP                       43.83   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103647876                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           971.33    Yes           1YP                       36.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103647884                    70.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345           911.82    Yes           3YP                       37.34   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647885                    80.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         4,116.67    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647893                    49.65   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,527.39    Yes           3YP                       33.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647900                    80.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         4,170.83    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647901                    43.91   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         2,261.98    Yes           3YP                       34.89   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.000
1103647912                    95.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,893.33    No            NO                        44.78   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.750
1103647913                    90.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         3,175.81    Yes           2YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.875
1103647914                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,592.50    Yes           3YP                       42.26   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140101                                        82        2.500
1103647918                    52.59   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,339.51    Yes           1YP                       33.78   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647921                    95.00   MI                    BPMI                 30                                  8.250            0.375        0.030     0.000               0.405                             7.845         3,428.91    Yes           1YP                       48.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103647927                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           971.33    Yes           1YP                       36.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103647932                    62.16   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,472.72    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103647935                    11.88   No MI                 NO MI                 0                                  8.250            0.250        0.030     0.000               0.280                             7.970           375.63    No            NO                        34.76   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647936                    71.43   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095           828.81    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647937                    36.71   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           549.90    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647938                    85.00   MI                    BPMI                 12                                  8.000            0.250        0.030     0.000               0.280                             7.720           873.18    Yes           1YP                       45.40   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647941                    70.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         4,598.50    Yes           3YP                       45.17   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647942                    63.10   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,740.86    Yes           3YP                       26.59   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647944                    70.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         5,221.21    Yes           1YP                       42.37   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647945                    99.36   No MI                 NO MI                 0                                  8.250            0.250        0.030     0.000               0.280                             7.970         2,806.73    No            NO                        46.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647950                    90.00   MI                    BPMI                 25                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,290.05    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647952                    85.71   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,528.27    No            NO                        44.17   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647954                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,865.68    No            NO                        47.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647955                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         4,367.09    No            NO                        43.18   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647957                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,681.74    No            NO                        47.02   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647958                    90.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,742.81    No            NO                        33.94   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647959                    89.99   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595         3,937.50    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647960                    88.16   MI                    BPMI                 25                                  7.500            0.250        0.030     0.000               0.280                             7.220         2,187.50    Yes           2YP                       42.19   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647961                    77.60   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         3,062.50    Yes           2YP                       41.81   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647962                    70.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,352.60    No            NO                        40.28   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103647965                    57.12   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,545.53    No            NO                        23.64   25YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647967                    65.94   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,989.03    Yes           3YP                       33.97   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647981                   100.00   No MI                 NO MI                 0                                  6.999            0.375        0.030     0.000               0.405                             6.594         2,646.21    Yes           3YP                       44.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648032                    78.72   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         1,657.29    No            NO                        37.93   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103648041                    54.41   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,888.54    Yes           3YP                       28.54   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103648046                    51.46   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,845.00    Yes           3YP                       10.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648051                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           905.63    Yes           2YP                       42.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648069                    99.33   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,070.25    Yes           3YP                       40.96   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103648088                    80.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,020.44    No            NO                        22.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103648102                    79.98   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           891.75    No            NO                        35.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
1103648103                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,806.25    Yes           2YP                       33.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103648127                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,329.17    Yes           2YP                       44.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648131                    63.49   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,125.00    Yes           1YP                       53.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648149                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,334.67    No            NO                        47.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648161                    75.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,434.38    Yes           2YP                       43.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648181                    70.50   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470         1,934.31    Yes           3YP                       43.41   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648203                    70.00   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         3,546.04    Yes           3YP                       29.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648217                    90.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,165.52    Yes           3YP                       39.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648229                    86.40   MI                    LPMI                 25                                  8.125            0.375        0.030     1.660               2.065                             6.060           731.25    Yes           3YP                       49.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.375
1103648236                    89.90   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220         3,564.56    No            NO                        49.74   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
1103648238                    90.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         2,953.13    Yes           3YP                       37.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648249                    59.06   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,467.19    Yes           3YP                       27.61   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648250                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,758.50    Yes           3YP                       47.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103648263                    63.04   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,540.63    Yes           3YP                       40.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648267                    35.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           918.61    Yes           3YP                       43.59   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20100201                                        35        3.000
1103648288                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,338.75    Yes           3YP                       18.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648296                    88.39   MI                    LPMI                 25                                  6.250            0.250        0.030     0.410               0.690                             5.560           914.34    No            NO                        35.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648342                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,006.61    Yes           3YP                       43.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648352                    75.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,384.77    Yes           1YP                       38.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648371                    77.05   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,817.89    Yes           3YP                       44.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648378                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,210.00    No            NO                        39.29   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648379                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,604.17    No            NO                        43.95   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        2.250
1103648381                    93.92   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,190.00    No            NO                        29.24   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648382                    99.32   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,268.33    No            NO                        44.37   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648383                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,145.83    Yes           3YP                       45.18   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648384                    77.58   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         3,869.69    Yes           3YP                       41.92   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648385                    75.08   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,054.61    Yes           3YP                       27.18   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648386                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,694.17    No            NO                        41.24   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648387                    98.69   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         5,171.67    No            NO                        46.46   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648388                    85.30   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         5,512.50    No            NO                        29.03   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648389                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,263.17    No            NO                        41.59   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648390                    99.43   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,394.25    Yes           3YP                       49.98   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648391                    70.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,301.56    Yes           3YP                       46.59   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648392                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,804.00    No            NO                        35.66   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        2.250
1103648393                    90.00   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845           927.50    No            NO                        41.23   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        2.250
1103648394                    85.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         3,958.65    Yes           3YP                       44.44   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648396                    88.10   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,541.67    Yes           3YP                        0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648397                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,473.33    No            NO                        43.38   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        3.250
1103648398                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,208.33    No            NO                        50.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120101                                        58        3.250
1103648399                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,317.50    No            NO                        43.25   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20120201                                        59        2.250
1103648406                    65.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,498.95    Yes           3YP                       38.63   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648412                    79.33   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,264.38    Yes           1YP                       39.97   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103648413                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,000.00    Yes           3YP                       33.20   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648421                    65.79   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           694.96    No            NO                        36.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648429                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345           863.69    Yes           3YP                       43.77   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
1103648430                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,479.61    Yes           1YP                       42.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103648442                    99.99   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,596.58    Yes           3YP                       36.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648445                    90.11   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,767.81    Yes           3YP                       36.72   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103648448                    68.88   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,133.23    No            NO                        37.89   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648466                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,008.33    Yes           3YP                       41.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648469                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,229.17    No            NO                        42.03   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103648474                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         1,174.02    Yes           3YP                       48.14   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648476                    65.79   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,604.17    Yes           2YP                       37.17   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648486                    76.53   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         2,622.05    Yes           3YP                       48.63   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648495                    65.27   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,269.12    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648498                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,925.00    Yes           1YP                       43.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648533                    95.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,502.81    No            NO                        46.65   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648551                    70.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           842.48    Yes           1YP                       43.94   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103648577                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,500.00    Yes           2YP                       36.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
1103648585                    75.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           858.99    Yes           1YP                       41.11   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648593                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,904.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.250
1103648613                    80.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,176.91    Yes           3YP                       44.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648620                    89.97   MI                    LPMI                 25                                 10.000            0.375        0.030     1.960               2.365                             7.635         2,316.67    No            NO                        47.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        4.375
1103648628                    80.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720           947.92    No            NO                        40.55   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090201                                        23        3.000
1103648685                    62.29   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,195.78    No            NO                        48.42   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103648707                    81.30   MI                    LPMI                 22                                 12.250            0.375        0.030     0.990               1.395                            10.855         1,020.83    No            NO                        21.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
1103648735                   100.00   No MI                 NO MI                 0                                  7.900            0.375        0.030     0.000               0.405                             7.495         4,292.33    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103648776                    33.55   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,748.74    Yes           3YP                       24.15   20YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648812                    58.75   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,446.94    Yes           3YP                       30.52   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648822                    95.00   MI                    BPMI                 30                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,693.18    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103648825                    80.00   No MI                 NO MI                 0                                  9.300            0.375        0.030     0.000               0.405                             8.895           786.64    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103648844                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595           917.33    Yes           3YP                       36.33   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
1103648845                    53.62   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,181.37    Yes           2YP                        0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
1103648850                    51.96   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         1,968.75    Yes           1YP                       41.79   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103648862                    80.00   No MI                 NO MI                 0                                  6.699            0.250        0.030     0.000               0.280                             6.419         4,387.44    No            NO                        38.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648875                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,394.53    Yes           3YP                       39.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.500
1103648884                    62.50   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           890.62    Yes           2YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648916                    95.00   MI                    BPMI                 30                                  6.725            0.375        0.030     0.000               0.405                             6.320         1,118.03    Yes           3YP                       40.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103648937                    53.26   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,501.04    No            NO                        24.60   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103648946                    99.99   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,305.00    Yes           1YP                       40.55   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103648956                    60.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         9,830.63    Yes           3YP                       30.57   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103648960                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,935.00    Yes           3YP                       44.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648961                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,083.75    No            NO                        41.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
1103648967                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,103.75    Yes           1YP                       16.77   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103648972                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,095.70    No            NO                        41.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.250
1103648978                    90.90   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,591.52    Yes           3YP                       46.33   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648980                    74.03   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,605.92    No            NO                        35.29   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648993                    75.00   No MI                 NO MI                 0                                  7.950            0.250        0.030     0.000               0.280                             7.670         1,922.91    No            NO                        44.88   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649004                    89.93   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,041.56    Yes           3YP                       44.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103649006                   100.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         1,411.67    Yes           1YP                       41.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649017                    50.98   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         2,979.17    No            NO                        18.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103649024                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,364.94    No            NO                        47.95   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103649033                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,832.92    No            NO                         0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103649070                    94.98   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,283.06    Yes           3YP                       38.52   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649074                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,192.50    Yes           1YP                       22.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649079                    58.82   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,369.79    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649080                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,619.17    Yes           3YP                       49.72   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649084                    60.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           962.50    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649099                    77.14   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,992.88    Yes           3YP                       46.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649101                    60.00   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         1,612.72    Yes           3YP                       48.40   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
1103649102                    80.00   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220         2,760.00    Yes           3YP                       39.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
1103649109                    54.19   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,946.91    No            NO                        44.03   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103649122                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,697.79    Yes           3YP                       43.60   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649124                    69.23   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,195.31    Yes           2YP                       38.02   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103649134                    69.89   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,556.87    Yes           3YP                        0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
1103649146                    94.99   MI                    LPMI                 30                                  8.750            0.250        0.030     1.220               1.500                             7.250         1,644.27    Yes           1YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103649149                    44.28   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,504.69    Yes           3YP                       34.49   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103649156                    90.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           583.83    Yes           3YP                       45.07   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649158                    65.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,788.72    Yes           3YP                       38.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649162                    85.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,927.19    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649166                    81.66   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         3,131.15    Yes           3YP                       33.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649173                    69.33   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470           659.44    Yes           3YP                       16.91   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649198                    57.20   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,518.28    Yes           3YP                       27.27   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649227                    70.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,513.02    Yes           3YP                       49.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649235                    90.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,997.50    Yes           3YP                       41.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649237                    57.63   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,019.24    No            NO                        30.22   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649254                    70.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,991.46    Yes           1YP                       48.43   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649265                    69.39   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         1,558.33    Yes           3YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103649266                    90.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,061.72    No            NO                        49.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103649271                    62.39   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,735.42    Yes           3YP                       41.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.500
1103649332                    56.21   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,313.04    Yes           3YP                       42.39   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649342                    55.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,860.00    Yes           3YP                       46.37   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        2.750
1103649369                    52.63   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220           937.50    Yes           2YP                       27.55   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649376                    64.99   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,916.22    Yes           3YP                       34.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649379                    52.94   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,343.75    Yes           3YP                       16.06   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649392                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,600.00    No            NO                        40.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649399                    64.29   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,422.15    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649410                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,700.00    Yes           3YP                       47.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649424                    90.00   MI                    LPMI                 25                                  6.625            0.375        0.030     0.940               1.345                             5.280         2,111.72    Yes           3YP                       44.53   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.750
1103649480                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         3,812.49    Yes           2YP                       45.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649484                    99.98   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,490.38    Yes           3YP                       47.92   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649515                    69.86   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,956.33    Yes           1YP                       38.97   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649517                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,959.17    Yes           2YP                       31.06   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103649526                    68.21   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,911.25    No            NO                        43.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
1103649528                    75.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         3,062.50    No            NO                        35.88   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103649537                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,363.28    No            NO                        39.54   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649556                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,253.75    Yes           1YP                       44.60   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103649572                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,253.33    Yes           3YP                       44.93   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649573                    67.50   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,515.94    Yes           3YP                       39.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649584                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,887.50    Yes           3YP                       44.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649596                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,516.67    No            NO                        47.88   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
1103649624                    95.00   MI                    LPMI                 30                                 10.250            0.375        0.030     1.380               1.785                             8.465           910.89    No            NO                         0.00   2/6 LIBOR                                             LIBOR                         6                6                          20090201                                        23        4.500
1103649639                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         5,625.00    No            NO                        34.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649641                    69.22   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,740.00    No            NO                        40.90   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649684                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,361.75    Yes           3YP                       35.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649706                    53.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,705.21    No            NO                        49.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103649708                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,863.33    Yes           3YP                       48.23   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649723                    64.19   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,985.00    No            NO                        33.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.750
1103649727                    78.04   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,719.38    No            NO                        44.09   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103649746                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,779.17    Yes           1YP                       40.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103649785                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,162.50    Yes           3YP                       38.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103649796                    80.00   No MI                 NO MI                 0                                  7.930            0.375        0.030     0.000               0.405                             7.525         4,229.33    Yes           3YP                       42.34   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649797                    61.22   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,468.75    Yes           1YP                       32.94   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103649811                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,921.25    Yes           3YP                       40.57   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
1103649812                    70.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,608.23    No            NO                        39.92   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103649818                    73.55   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         4,657.06    Yes           3YP                       49.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649860                    62.42   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,720.10    No            NO                        29.83   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103649867                    37.69   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,449.27    Yes           3YP                       33.82   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649868                    99.74   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920         1,591.33    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649869                    95.00   MI                    LPMI                 22                                  9.250            0.375        0.030     0.740               1.145                             8.105         4,678.19    Yes           1YP                       44.89   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.625
1103649872                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,609.37    Yes           3YP                       44.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649873                    72.17   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,392.79    No            NO                         0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649879                    21.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,586.01    Yes           3YP                       36.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649881                    54.76   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,221.88    Yes           1YP                       35.65   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        4.000
1103649887                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,955.00    Yes           3YP                       42.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103649888                    53.43   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,830.00    Yes           1YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103649899                    35.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,857.13    Yes           3YP                       33.95   7/6 LIBOR                                             LIBOR                         6                6                          20140201                                        83        2.750
1103649902                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,000.00    No            NO                        35.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103649909                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,449.22    Yes           3YP                       49.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103649938                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           769.86    Yes           3YP                       48.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.500
1103649967                    60.00   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         3,313.22    No            NO                        35.15   3/6 LIBOR                                             LIBOR                         6                6                          20100301                                        36        3.000
1103649971                   100.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,015.29    Yes           2YP                       34.38   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649973                    60.62   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,530.62    Yes           3YP                       39.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103649988                    90.00   MI                    LPMI                 25                                  6.875            0.250        0.030     0.470               0.750                             6.125         2,449.22    Yes           3YP                       40.73   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103649990                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220           738.67    Yes           3YP                       41.52   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103650023                    79.80   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,013.44    Yes           3YP                       39.29   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103650040                    60.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           843.75    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650046                    50.66   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,827.85    No            NO                        25.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650048                    86.67   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,516.96    No            NO                        41.03   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650049                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,424.75    Yes           3YP                       47.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650067                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,687.25    Yes           1YP                       31.89   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103650095                    76.72   No MI                 NO MI                 0                                  6.575            0.250        0.030     0.000               0.280                             6.295         1,417.34    No            NO                        34.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650097                    79.99   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,992.42    Yes           3YP                       44.04   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
1103650106                    59.07   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           772.92    Yes           3YP                       44.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.500
1103650177                    75.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,925.39    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650180                    80.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,425.83    No            NO                        40.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103650187                    51.35   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,001.46    Yes           1YP                       44.78   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650202                    57.70   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,316.36    Yes           1YP                       32.92   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        2.500
1103650206                    69.66   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,332.87    Yes           3YP                       44.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650216                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,500.00    Yes           3YP                       25.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103650226                    27.27   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,235.60    Yes           3YP                       40.43   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650236                    78.68   No MI                 NO MI                 0                                  8.875            0.375        0.030     0.000               0.405                             8.470         1,615.16    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103650238                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,275.00    Yes           3YP                       43.13   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.500
1103650239                    62.40   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,917.50    Yes           3YP                       44.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103650243                    85.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         8,593.75    No            NO                        25.08   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
1103650284                    33.33   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           944.27    No            NO                        21.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650286                    60.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,343.13    Yes           1YP                       37.97   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103650297                    80.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,325.00    Yes           1YP                       38.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.750
1103650303                    79.58   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,673.75    No            NO                        34.76   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103650350                    50.22   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,655.96    No            NO                        37.34   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650364                    34.64   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         2,247.47    Yes           3YP                       41.23   3/6 LIBOR                                             LIBOR                         6                6                          20100301                                        36        3.000
1103650367                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         3,661.88    No            NO                        48.77   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103650381                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,413.17    Yes           3YP                       43.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650382                    63.59   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,375.00    Yes           2YP                       29.31   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650432                    70.18   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,141.67    Yes           3YP                       43.47   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103650435                    76.83   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,903.13    Yes           3YP                       37.57   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650449                    70.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,580.92    Yes           3YP                       27.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103650456                    70.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           714.58    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650462                    55.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           945.31    No            NO                        38.90   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650481                    75.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         3,318.20    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650503                    78.46   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,194.58    No            NO                        25.65   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
1103650514                    56.81   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,761.59    Yes           3YP                       24.03   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650519                    78.48   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,640.63    Yes           1YP                       44.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650522                    56.92   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           951.74    No            NO                        50.92   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650528                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,245.00    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
1103650536                    77.40   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,972.22    No            NO                        20.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650544                    80.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,720.00    No            NO                        39.56   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103650557                    62.08   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,338.54    No            NO                        32.65   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650570                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,065.40    Yes           1YP                       48.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103650588                    80.00   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         1,791.91    Yes           3YP                       39.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650592                    47.14   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,047.80    No            NO                        17.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650600                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,833.33    Yes           3YP                       38.16   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650607                    25.00   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710           998.33    Yes           3YP                       26.74   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650613                   100.00   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,280.36    Yes           3YP                       41.92   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650619                    79.98   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,514.04    Yes           3YP                       29.80   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
1103650626                    31.82   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,043.08    Yes           6MP                       40.19   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650627                    68.75   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,339.30    Yes           6MP                       40.99   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650628                    73.38   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,318.99    No            NO                        18.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650629                    90.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,024.50    Yes           6MP                       42.59   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650630                    92.39   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,096.20    Yes           6MP                       41.55   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650631                    94.15   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,510.16    Yes           6MP                       29.93   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650632                    62.29   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,090.81    No            NO                        46.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650633                    71.53   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,898.54    No            NO                        46.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650634                    69.57   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,250.00    No            NO                        37.27   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650662                    42.07   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,986.46    No            NO                        26.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.250
1103650706                    80.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,220.00    No            NO                        28.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103650712                    47.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,932.19    No            NO                        22.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650724                    90.00   MI                    LPMI                 25                                  9.750            0.375        0.030     0.920               1.325                             8.425         1,623.81    No            NO                        46.23   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.750
1103650733                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,264.14    Yes           3YP                       33.86   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650738                    72.22   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           854.01    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650752                    70.00   No MI                 NO MI                 0                                  7.560            0.250        0.030     0.000               0.280                             7.280         1,403.14    Yes           5YP                       36.37   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650755                    68.97   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,462.87    Yes           1YP                       40.05   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650788                    58.42   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           601.25    Yes           3YP                       26.71   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650804                    83.25   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,159.06    Yes           1YP                       39.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103650842                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,753.42    Yes           1YP                       43.71   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103650855                    75.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,463.48    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650863                    60.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           658.13    Yes           3YP                       23.84   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650869                    43.14   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,145.83    Yes           1YP                       33.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650882                    61.22   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         4,317.42    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650889                    89.90   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,258.75    Yes           3YP                       41.01   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        2.750
1103650902                   100.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         2,990.00    Yes           3YP                       43.25   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650903                    45.05   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         5,595.95    No            NO                        45.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650916                    70.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,102.60    Yes           1YP                       39.54   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103650917                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,103.75    Yes           3YP                       42.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650921                    52.69   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,276.04    No            NO                        35.28   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103650922                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,170.83    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103650933                    80.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         2,556.67    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103650935                    34.63   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           874.32    Yes           3YP                       44.44   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650943                    82.69   MI                    LPMI                 22                                  6.813            0.250        0.030     0.800               1.080                             5.733         1,403.50    No            NO                        49.20   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650944                    74.98   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,138.50    No            NO                        27.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650945                    27.16   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         1,138.96    Yes           1YP                       44.40   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103650965                    70.18   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           768.37    Yes           2YP                       38.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103650995                    94.99   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,996.50    No            NO                        20.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103650998                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,512.71    Yes           2YP                       44.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651009                    70.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,583.31    Yes           2YP                       15.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651015                    23.40   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,185.29    No            NO                         0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651031                    80.00   No MI                 NO MI                 0                                  5.250            0.250        0.030     0.000               0.280                             4.970         1,032.50    Yes           3YP                       19.04   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651035                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,168.75    Yes           1YP                       26.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651050                    75.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345           535.94    No            NO                        22.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651065                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,244.26    Yes           1YP                       43.27   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        7.375
1103651066                    80.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345           786.71    No            NO                        38.21   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103651079                    51.45   No MI                 NO MI                 0                                  6.680            0.250        0.030     0.000               0.280                             6.400           670.23    Yes           3YP                       35.72   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651093                    69.36   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,501.44    Yes           2YP                       19.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651104                    77.98   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         4,050.00    Yes           3YP                       47.73   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651105                    54.89   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,480.89    Yes           3YP                       33.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651107                    95.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           740.97    Yes           3YP                       49.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651114                    94.98   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           959.82    Yes           2YP                       30.80   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651159                    90.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,010.63    No            NO                        40.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651169                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           941.88    No            NO                        37.32   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651175                    59.74   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,197.92    No            NO                        31.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651216                    68.29   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,981.51    No            NO                        30.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651228                    53.04   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,315.00    Yes           3YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103651231                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         2,389.83    No            NO                        31.27   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
1103651233                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,144.00    Yes           3YP                       25.48   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103651234                    44.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,640.58    Yes           3YP                       43.79   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651241                    74.93   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,012.11    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651255                    34.21   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,793.22    Yes           3YP                       37.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651257                    61.30   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,253.75    Yes           1YP                       30.26   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651269                    55.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,625.90    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651270                    75.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         1,801.78    Yes           3YP                       49.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651295                    67.11   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,195.31    No            NO                        39.44   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
1103651312                    40.29   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,555.61    Yes           3YP                       39.30   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651316                    80.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,118.74    Yes           3YP                       25.04   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651317                    80.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,224.18    Yes           3YP                       35.42   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651335                    73.32   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,168.22    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651346                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,321.67    Yes           2YP                       39.76   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090201                                        23        3.000
1103651347                    75.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,106.25    Yes           3YP                       45.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        2.500
1103651348                    44.50   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,312.19    No            NO                        30.60   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103651349                    80.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,643.75    Yes           3YP                       40.15   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651354                    64.10   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720           875.00    No            NO                        44.68   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651365                    71.65   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,278.85    Yes           2YP                       35.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651389                    39.72   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,926.13    Yes           3YP                       20.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651390                    52.33   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,434.38    Yes           3YP                       45.55   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103651429                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,258.75    No            NO                        42.94   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103651432                    79.20   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,942.59    No            NO                        39.04   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103651466                    95.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         4,062.50    No            NO                        42.88   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103651481                    39.81   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           877.91    Yes           3YP                       31.28   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651489                    42.86   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,694.30    Yes           3YP                       44.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651490                    30.43   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           884.90    Yes           3YP                       47.62   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651522                    80.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,749.77    Yes           2YP                       19.41   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651535                    80.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,900.00    Yes           3YP                       33.76   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.000
1103651541                    59.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           722.14    Yes           3YP                       10.34   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651556                    73.79   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,351.93    Yes           3YP                       38.18   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651562                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,638.50    Yes           2YP                       44.48   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103651565                    58.27   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,048.44    Yes           2YP                       30.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651573                    67.65   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,832.81    No            NO                        36.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651574                    72.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,025.00    Yes           3YP                       43.80   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651583                    90.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,250.00    Yes           3YP                       43.57   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
1103651589                    65.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,523.44    Yes           3YP                       23.93   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103651613                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,330.60    Yes           3YP                       49.41   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651637                    79.57   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,497.50    Yes           3YP                       47.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651640                    54.84   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,531.25    Yes           3YP                       25.25   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651651                    79.58   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,463.02    Yes           1YP                       33.33   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103651662                    61.28   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220           817.62    Yes           3YP                       43.80   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651663                    77.75   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           883.57    Yes           3YP                       44.43   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651664                    72.22   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,640.63    No            NO                        21.13   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651665                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           829.24    Yes           3YP                       40.30   20YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651666                    72.73   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           585.47    No            NO                        46.08   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651667                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,167.48    No            NO                        41.21   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651668                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,016.48    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651669                    12.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           424.44    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651670                   100.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095           790.60    Yes           3YP                       27.96   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651671                    56.71   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,397.73    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651672                    79.56   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           958.04    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651673                    65.93   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           778.32    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651674                    72.85   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,394.27    No            NO                        43.60   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651676                    32.24   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           607.50    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651677                    70.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095           589.39    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103651678                    37.82   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           520.49    No            NO                         0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651679                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           662.41    Yes           3YP                       47.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651680                    40.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           706.06    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651681                    33.75   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           886.85    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651717                    65.48   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,294.58    Yes           2YP                       43.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        5.500
1103651723                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,750.00    No            NO                        33.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651732                    80.00   No MI                 NO MI                 0                                  8.625            0.375        0.030     0.000               0.405                             8.220         2,472.50    Yes           3YP                       32.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651736                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,403.65    Yes           3YP                       43.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651749                    66.67   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,647.46    Yes           3YP                       26.60   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651760                    94.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,333.28    No            NO                        33.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651761                    59.24   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,145.63    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651763                    67.90   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,546.88    No            NO                        51.88   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103651765                    55.38   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,893.91    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103651778                    88.81   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,520.00    Yes           3YP                       42.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103651781                    80.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,176.00    Yes           3YP                       35.02   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
1103651790                    67.50   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,940.63    No            NO                        11.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651797                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,619.75    Yes           2YP                       42.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
1103651822                    62.64   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,766.15    Yes           3YP                       42.09   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103651832                    58.13   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,048.60    Yes           1YP                       20.82   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103651877                    90.00   MI                    BPMI                 25                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,034.49    Yes           2YP                       43.16   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651898                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           926.49    No            NO                         6.78   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103651901                    68.38   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,863.08    No            NO                        35.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651905                    90.00   MI                    LPMI                 25                                  9.690            0.375        0.030     0.520               0.925                             8.765           923.14    No            NO                        33.20   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.650
1103651909                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,815.63    Yes           3YP                       47.77   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103651923                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,947.92    Yes           6MP                       44.63   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
1103651931                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,027.58    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103651932                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,000.54    No            NO                        42.09   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651934                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         2,375.68    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651935                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,850.00    No            NO                        48.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651937                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,491.44    No            NO                        47.22   2/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20090101                                        22        3.125
1103651939                   100.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         1,758.75    No            NO                         0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651941                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,182.50    No            NO                        45.73   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651942                    90.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,679.82    No            NO                        49.55   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        2.750
1103651943                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,830.83    No            NO                        15.37   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651944                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           706.67    Yes           3YP                       42.61   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651945                    85.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           558.41    Yes           3YP                       43.33   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20091201                                        33        2.750
1103651950                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           874.83    Yes           3YP                       33.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103651951                    90.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,708.23    Yes           1YP                       39.08   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651952                    66.63   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,155.83    Yes           1YP                        0.00   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20091201                                        33        2.750
1103651954                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,631.36    No            NO                         0.00   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20091201                                        33        2.750
1103651955                    90.00   No MI                 NO MI                 0                                  9.250            0.375        0.030     0.000               0.405                             8.845         2,164.43    No            NO                        35.22   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651956                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,399.53    No            NO                         0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651957                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         3,004.21    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103651958                    66.67   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,307.65    No            NO                        33.18   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651959                    89.15   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,262.76    No            NO                        39.93   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        2.750
1103651960                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,378.51    Yes           3YP                       43.16   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103651961                    85.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,828.12    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103651963                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,957.50    No            NO                         0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651964                    48.61   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,895.83    No            NO                        45.14   2/6 LIBOR IO                                   120    LIBOR                         6                6                          20081201                                        21        2.750
1103651965                    95.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         2,117.18    No            NO                        49.20   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651966                   100.00   No MI                 NO MI                 0                                  9.125            0.375        0.030     0.000               0.405                             8.720         2,310.72    Yes           1YP                       49.43   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103651968                   100.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         2,891.80    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103651969                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,452.97    Yes           3YP                       32.77   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20091201                                        33        2.750
1103651970                   100.00   No MI                 NO MI                 0                                  9.750            0.375        0.030     0.000               0.405                             9.345         2,501.95    No            NO                         0.00   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20091201                                        33        2.750
1103651971                    78.43   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,208.33    Yes           1YP                       44.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651972                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,717.27    No            NO                        45.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651973                    85.14   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,130.39    No            NO                        35.71   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        2.750
1103651974                    55.92   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,213.54    No            NO                         0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        2.750
1103651975                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,900.00    Yes           3YP                        0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651976                   100.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         3,493.75    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651977                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         4,060.81    No            NO                        49.42   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103651978                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           488.23    No            NO                        23.39   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103651979                    74.47   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,968.75    Yes           1YP                       46.16   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.750
1103651980                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,623.74    No            NO                        44.70   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103651981                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,894.69    No            NO                        43.02   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651982                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           806.00    Yes           2YP                       40.79   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651983                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,586.39    Yes           2YP                       49.11   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20111201                                        57        2.750
1103651986                    57.95   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,460.94    No            NO                        34.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651987                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,600.33    Yes           1YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
1103651988                    75.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,388.02    No            NO                         0.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20091201                                        33        2.750
1103651989                   100.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         2,345.90    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        2.750
1103651990                    95.00   No MI                 NO MI                 0                                  9.000            0.375        0.030     0.000               0.405                             8.595         1,378.13    No            NO                        20.55   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651991                    90.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,100.00    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651992                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,371.70    Yes           3YP                       41.63   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103651993                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           749.38    Yes           1YP                       37.63   2/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20090101                                        22        2.750
1103651994                    89.20   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,066.70    Yes           3YP                       30.18   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20100101                                        34        2.750
1103651995                    98.82   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,841.67    No            NO                        43.37   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100101                                        34        2.750
1103651996                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         2,379.00    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.750
1103652000                    62.41   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,347.93    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652002                    95.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470         6,781.25    No            NO                        47.74   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103652003                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,091.66    Yes           1YP                       54.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652004                    95.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470         2,892.59    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652005                    80.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470           785.19    Yes           3YP                       45.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652006                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,103.64    Yes           2YP                       43.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652007                    85.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,288.45    Yes           1YP                       42.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652008                    90.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         3,775.76    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652009                    55.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           809.77    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652010                    90.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           880.03    Yes           2YP                       36.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652011                   100.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         3,948.42    No            NO                        24.93   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652012                    62.83   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,885.62    Yes           1YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652013                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,400.50    No            NO                         0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652014                   100.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595         2,488.50    No            NO                        33.50   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103652015                   100.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,549.24    No            NO                        45.38   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652019                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,848.75    No            NO                        39.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652038                    53.57   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,835.94    Yes           3YP                       31.93   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
1103652039                    61.88   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,526.56    No            NO                        37.90   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103652051                    56.54   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,178.65    Yes           3YP                       28.34   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652064                    69.96   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,252.17    No            NO                        40.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652072                    59.79   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         4,754.83    Yes           3YP                       40.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652094                    79.59   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,257.81    Yes           3YP                       48.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652137                    64.62   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,391.25    Yes           3YP                       49.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652145                    94.99   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         4,227.72    No            NO                        33.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652148                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,274.58    Yes           3YP                       48.26   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.500
1103652152                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           812.11    No            NO                        27.92   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652188                    47.71   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,106.73    Yes           3YP                       47.72   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652203                    75.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         3,296.15    Yes           3YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652230                    89.61   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,604.58    Yes           3YP                       44.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652243                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,792.41    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652245                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,820.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652246                    55.33   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           883.76    No            NO                        22.82   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103652278                    69.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,765.56    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652290                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           688.75    Yes           1YP                       50.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103652292                    65.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         1,032.64    Yes           1YP                       43.83   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652308                    50.96   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,348.96    Yes           2YP                       35.96   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103652314                    80.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         3,035.42    Yes           3YP                       41.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652320                    75.00   No MI                 NO MI                 0                                  5.880            0.250        0.030     0.000               0.280                             5.600         3,218.22    Yes           3YP                       46.59   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652324                   100.00   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         1,991.50    Yes           3YP                       42.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
1103652340                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,020.83    Yes           3YP                       38.88   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652366                    50.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,524.44    Yes           3YP                       48.51   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652369                    53.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,305.32    Yes           3YP                       48.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652385                    95.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,600.86    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652406                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,733.33    Yes           3YP                       38.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
1103652410                    72.91   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,784.29    Yes           3YP                       47.03   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652434                    74.77   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,600.00    No            NO                        44.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103652500                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,015.78    No            NO                        38.81   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.250
1103652506                    84.68   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,635.00    Yes           3YP                       49.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103652509                    67.74   No MI                 NO MI                 0                                  6.730            0.250        0.030     0.000               0.280                             6.450           927.99    Yes           1YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652595                    98.84   No MI                 NO MI                 0                                  7.300            0.375        0.030     0.000               0.405                             6.895         4,556.42    Yes           1YP                       35.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652604                    84.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,273.38    Yes           1YP                       30.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652642                    90.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,522.24    Yes           3YP                       39.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652655                    59.84   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,175.99    Yes           6MP                       44.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652665                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,644.58    Yes           3YP                       43.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652674                    44.03   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         3,402.62    Yes           3YP                       31.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652679                    80.00   No MI                 NO MI                 0                                  7.600            0.250        0.030     0.000               0.280                             7.320           903.78    Yes           3YP                       50.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652683                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,656.25    Yes           3YP                       35.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
1103652694                    33.03   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595           912.46    Yes           3YP                       33.04   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652703                   100.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,596.00    Yes           1YP                       42.41   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103652722                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,291.67    Yes           3YP                       48.42   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652730                    52.91   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,604.17    No            NO                        40.31   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103652731                    61.61   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,390.63    Yes           3YP                       39.35   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103652749                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,059.17    Yes           3YP                       34.44   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        2.500
1103652754                   100.00   No MI                 NO MI                 0                                  8.875            0.375        0.030     0.000               0.405                             8.470         3,605.47    Yes           3YP                       46.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652755                    47.32   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         2,109.38    No            NO                        41.11   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
1103652771                    72.14   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,788.02    Yes           3YP                       24.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652777                    60.68   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         2,001.56    Yes           3YP                       39.41   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103652797                    85.38   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,843.75    No            NO                        35.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20111201                                        57        2.500
1103652800                    73.91   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,319.40    No            NO                        45.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
1103652801                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         4,329.72    No            NO                        45.00   7/1 LIBOR                                             LIBOR                        12               12                          20131201                                        81        1.875
1103652802                    60.34   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         8,730.87    No            NO                        39.24   7/1 LIBOR                                             LIBOR                        12               12                          20131201                                        81        2.250
1103652803                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         1,537.15    No            NO                        37.99   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        4.125
1103652804                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         1,624.16    No            NO                        43.96   5/6 LIBOR                                             LIBOR                         6                6                          20111101                                        56        2.750
1103652805                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,536.51    No            NO                         0.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        2.250
1103652806                    75.95   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,000.00    No            NO                        38.00   5/1 LIBOR IO                                   120    LIBOR                        12               12                          20111201                                        57        2.250
1103652808                    46.15   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         1,750.00    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103652819                    84.05   MI                    LPMI                 22                                  6.875            0.250        0.030     0.450               0.730                             6.145         2,033.08    Yes           3YP                       42.97   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652822                    75.79   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         1,204.00    No            NO                        41.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652843                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         3,440.00    No            NO                        52.25   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103652863                    75.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,792.97    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652884                    79.73   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,994.58    No            NO                        40.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652895                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,130.83    No            NO                        44.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652904                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,130.94    No            NO                        43.81   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103652912                   100.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           963.26    No            NO                        43.42   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103652921                    95.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,085.00    No            NO                        37.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652928                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,291.67    No            NO                        44.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
1103652937                    80.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,470.00    No            NO                        36.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652945                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,300.00    Yes           3YP                       40.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103652951                    67.83   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,898.96    Yes           3YP                       54.19   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103652962                    75.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,562.50    Yes           3YP                       43.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103652985                    23.39   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,117.90    Yes           3YP                       29.51   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653019                    42.07   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         3,113.54    No            NO                         0.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103653023                    73.33   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,403.65    Yes           1YP                       33.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653028                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,204.75    Yes           2YP                       43.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653053                    42.86   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           750.00    No            NO                        45.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.250
1103653072                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,768.00    Yes           1YP                       41.78   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103653111                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,507.50    No            NO                        49.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653144                    53.55   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           881.88    Yes           1YP                       49.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
1103653153                    49.78   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           717.15    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653220                    79.99   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           838.61    No            NO                        36.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653236                    75.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,175.00    Yes           2YP                       28.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653243                    89.99   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,156.75    Yes           3YP                       38.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653264                    73.60   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,054.17    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653267                    50.74   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,427.08    Yes           3YP                       48.97   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653275                    67.56   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,146.93    Yes           3YP                       22.78   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653312                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,352.73    No            NO                        48.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
1103653320                    42.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           672.33    Yes           3YP                       46.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653349                    68.92   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,473.33    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653400                    78.67   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,906.19    Yes           2YP                       35.45   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653405                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,340.00    No            NO                        43.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653438                    53.75   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,220.75    Yes           3YP                       39.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653451                    51.72   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           675.00    Yes           2YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103653473                    53.09   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,358.95    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653482                    55.62   No MI                 NO MI                 0                                  5.995            0.250        0.030     0.000               0.280                             5.715         1,383.85    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653589                    45.78   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           525.73    Yes           1YP                       13.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653623                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,479.58    No            NO                        42.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653627                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           734.95    No            NO                        48.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653685                    70.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           955.21    Yes           3YP                       35.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653687                    53.42   No MI                 NO MI                 0                                  5.625            0.250        0.030     0.000               0.280                             5.345         1,738.07    Yes           3YP                       21.81   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653699                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           906.00    Yes           3YP                       48.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653701                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,692.17    No            NO                        35.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653723                    67.41   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,725.55    Yes           3YP                       31.76   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653761                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,277.81    No            NO                        30.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653763                    45.37   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,275.00    Yes           3YP                       38.34   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653767                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,288.01    Yes           3YP                       42.05   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20100301                                        36        3.000
1103653780                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,036.67    Yes           3YP                       45.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653781                    89.82   MI                    BPMI                 30                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,610.38    No            NO                        35.49   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
1103653800                    50.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,000.00    Yes           3YP                       34.46   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653835                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,295.56    Yes           2YP                       43.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.250
1103653838                    80.00   No MI                 NO MI                 0                                  7.450            0.250        0.030     0.000               0.280                             7.170           740.32    Yes           3YP                       33.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653862                    79.78   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         4,337.92    Yes           3YP                       28.54   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.000
1103653885                    83.38   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970         2,687.50    Yes           1YP                       39.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653918                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,992.50    Yes           3YP                       49.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653922                    63.30   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,689.06    No            NO                        43.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103653947                    67.54   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,370.51    Yes           3YP                       42.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103653952                    65.55   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,031.25    Yes           3YP                       43.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103653973                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,620.00    No            NO                        39.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654080                    80.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,229.17    Yes           3YP                       39.97   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103654214                    79.07   No MI                 NO MI                 0                                  5.375            0.375        0.030     0.000               0.405                             4.970           761.46    Yes           3YP                       24.76   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103654310                    70.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220           936.54    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654312                    80.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,723.96    No            NO                        37.69   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654313                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           956.25    Yes           1YP                       30.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103654323                    60.69   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,686.67    No            NO                        21.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103654326                    70.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,066.94    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654345                    80.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,099.11    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654521                    49.67   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           957.58    Yes           3YP                       49.90   5/6 LIBOR                                             LIBOR                         6                6                          20110301                                        48        3.000
1103654589                    39.86   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,375.00    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103654590                    70.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220           904.24    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654592                    63.76   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,375.00    No            NO                        27.75   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103654619                    50.56   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,293.75    Yes           2YP                       29.33   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        2.500
1103654645                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,621.67    Yes           3YP                       47.57   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654689                    79.31   No MI                 NO MI                 0                                  7.999            0.375        0.030     0.000               0.405                             7.594         1,533.14    Yes           1YP                       45.53   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654695                    55.85   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,318.36    No            NO                        44.36   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654704                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,122.92    Yes           3YP                       41.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654717                    51.03   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,042.71    No            NO                         0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103654719                    94.98   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           580.78    Yes           1YP                       39.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654732                    27.72   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           701.14    Yes           3YP                       35.03   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654748                    75.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         3,486.17    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
1103654786                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,517.10    Yes           1YP                       13.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103654798                    54.03   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,035.50    Yes           3YP                       26.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654819                    45.52   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,171.24    No            NO                        24.48   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654821                    42.55   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,011.23    Yes           3YP                       25.24   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103654826                    80.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         2,256.92    Yes           3YP                       12.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103654974                    52.56   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,549.53    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655077                    47.62   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470           875.36    Yes           3YP                       29.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655088                    47.62   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470           875.36    Yes           3YP                       29.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655101                    45.45   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470           875.36    Yes           3YP                       29.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655114                    75.89   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,487.50    Yes           2YP                       32.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103655185                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,401.67    Yes           1YP                       42.20   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103655186                    38.58   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         6,906.25    No            NO                        26.45   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103655498                    75.00   No MI                 NO MI                 0                                  9.500            0.250        0.030     0.000               0.280                             9.220         1,944.15    Yes           5YP                       49.80   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655534                    58.40   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,850.80    Yes           3YP                       32.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655547                    80.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,574.74    Yes           3YP                       35.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655557                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,864.58    Yes           1YP                       38.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103655563                    72.64   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,085.42    Yes           3YP                       44.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103655596                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,738.33    No            NO                        30.30   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
1103655606                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,190.67    Yes           1YP                       27.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103655607                    54.17   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,476.25    Yes           3YP                       40.43   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655652                    72.47   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         4,568.23    No            NO                        39.80   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
1103655823                    90.00   MI                    LPMI                 25                                  7.740            0.250        0.030     0.560               0.840                             6.900           676.36    Yes           3YP                       49.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103655993                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,520.83    No            NO                        37.39   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        2.250
1103656123                    90.00   No MI                 NO MI                 0                                  9.500            0.250        0.030     0.000               0.280                             9.220         1,745.63    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656124                    90.00   No MI                 NO MI                 0                                  8.375            0.250        0.030     0.000               0.280                             8.095           923.49    Yes           1YP                       36.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656125                    90.00   No MI                 NO MI                 0                                  8.375            0.250        0.030     0.000               0.280                             8.095           923.49    Yes           1YP                       36.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656126                    90.00   No MI                 NO MI                 0                                  8.375            0.250        0.030     0.000               0.280                             8.095           923.49    Yes           1YP                       36.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656127                    90.00   No MI                 NO MI                 0                                  8.375            0.250        0.030     0.000               0.280                             8.095           923.49    Yes           1YP                       36.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656128                    56.43   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220           276.19    No            NO                        16.25   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656129                   100.00   No MI                 NO MI                 0                                  7.925            0.250        0.030     0.000               0.280                             7.645         1,602.79    No            NO                        42.09   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656130                    75.00   No MI                 NO MI                 0                                  8.125            0.250        0.030     0.000               0.280                             7.845         9,965.82    No            NO                        42.53   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656132                    60.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         6,712.46    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656133                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         2,346.67    No            NO                        22.22   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656134                    90.00   No MI                 NO MI                 0                                  8.125            0.250        0.030     0.000               0.280                             7.845         2,654.17    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656135                    80.01   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         6,485.98    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656136                    80.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         3,320.17    No            NO                        47.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656137                    80.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         2,222.16    No            NO                        46.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656139                   100.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,290.64    No            NO                        34.40   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656140                    78.57   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         4,540.19    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656141                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,732.82    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656142                   100.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         2,436.17    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656143                    90.00   MI                    BPMI                 25                                  6.750            0.250        0.030     0.000               0.280                             6.470           665.46    No            NO                        25.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656144                    95.00   No MI                 NO MI                 0                                  8.625            0.250        0.030     0.000               0.280                             8.345           541.34    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656145                    62.96   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         5,513.08    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656146                    89.72   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           714.23    No            NO                        47.20   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656147                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,556.64    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656148                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,556.64    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656161                    75.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           812.95    Yes           1YP                       28.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656200                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,170.00    Yes           3YP                       39.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
1103656522                    55.38   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,211.31    Yes           3YP                       40.87   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656697                    99.95   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,399.37    Yes           1YP                       34.15   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103656818                    39.33   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         3,583.02    No            NO                        37.34   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656819                    48.78   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,822.83    No            NO                        36.18   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656820                    79.99   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,756.86    No            NO                        50.11   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656821                    64.29   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         4,177.09    No            NO                        39.65   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656822                    80.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,711.28    No            NO                        48.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656823                    74.36   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,356.25    No            NO                        53.83   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656824                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,395.00    No            NO                        37.76   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656825                    90.00   MI                    BPMI                 25                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,207.27    No            NO                        32.47   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656826                    57.95   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,091.77    No            NO                        39.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656827                    95.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,961.52    No            NO                        34.20   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656828                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,628.07    No            NO                        31.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656829                    61.18   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         4,002.16    No            NO                        36.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656830                    75.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,639.35    No            NO                        21.11   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656831                    70.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,672.21    No            NO                        48.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656832                    75.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,655.28    No            NO                        37.36   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656833                    78.77   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,194.21    No            NO                        54.91   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656834                    76.05   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,941.55    No            NO                        39.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656835                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         3,159.57    No            NO                        53.75   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656836                    90.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,496.88    No            NO                        47.69   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656837                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,122.97    No            NO                        44.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656838                    54.20   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,748.64    No            NO                        39.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656839                    72.66   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,964.38    No            NO                        37.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656840                    70.82   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         3,941.57    No            NO                        52.55   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656841                    78.37   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,519.03    No            NO                        34.38   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656842                    80.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,372.71    No            NO                        42.61   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656843                    78.07   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,441.86    No            NO                        47.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656844                    84.03   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,643.75    No            NO                        29.50   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656845                    80.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         4,433.16    No            NO                        43.40   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656855                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,819.89    No            NO                        30.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656856                    74.25   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           850.78    No            NO                        26.29   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656857                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,653.25    No            NO                        40.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656858                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,959.67    No            NO                        48.05   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656859                    62.16   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,266.40    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656860                    74.96   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,688.88    No            NO                        39.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656861                    75.53   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,293.33    No            NO                        28.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656862                    79.99   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,940.23    No            NO                        25.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656863                    54.34   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,031.25    No            NO                        38.06   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656864                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,268.69    No            NO                        48.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656865                    69.41   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,888.92    No            NO                        47.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656866                    61.74   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,311.48    No            NO                        43.08   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656867                    90.00   MI                    BPMI                 25                                  6.375            0.250        0.030     0.000               0.280                             6.095           573.27    No            NO                        45.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656868                    79.60   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,766.67    No            NO                        49.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656869                    72.99   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,957.69    No            NO                        39.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656870                    94.97   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,312.00    No            NO                        53.09   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656871                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,329.62    Yes           1YP                       45.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656872                    46.01   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,275.94    No            NO                        28.98   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656873                   100.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           518.00    No            NO                        30.45   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656874                   100.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           950.40    No            NO                        44.67   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656875                    65.48   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,431.28    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656876                    75.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,685.53    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656877                    48.78   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,798.65    No            NO                        45.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103656878                    80.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,500.00    No            NO                        49.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103656879                    74.50   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,592.50    No            NO                        28.08   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103657254                    79.24   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,560.52    Yes           3YP                       42.08   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
1103657536                    75.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           782.03    No            NO                        31.30   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103657592                    74.48   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,997.81    No            NO                        46.81   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103657685                    57.46   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,185.26    Yes           3YP                       39.76   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103658546                    27.66   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,520.83    Yes           1YP                       18.96   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
1103658999                    74.19   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           833.75    No            NO                        23.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503096478                    66.04   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,679.69    Yes           3YP                       32.54   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503153671                    95.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         2,640.00    No            NO                        49.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503161188                   100.00   No MI                 NO MI                 0                                  6.240            0.375        0.030     0.000               0.405                             5.835         1,814.51    No            NO                        35.35   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503181399                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,257.97    Yes           1YP                       41.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20110901                                        54        3.000
2503185562                   100.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         3,335.94    No            NO                        37.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503192569                    89.98   MI                    LPMI                 25                                 11.500            0.375        0.030     1.960               2.365                             9.135         1,523.27    Yes           3YP                       48.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.375
2503194402                    69.17   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,444.44    Yes           1YP                       43.49   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503194433                    70.00   No MI                 NO MI                 0                                  7.235            0.375        0.030     0.000               0.405                             6.830         1,266.13    No            NO                        37.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503194623                    80.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         2,931.25    Yes           3YP                       43.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503194960                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,916.80    Yes           3YP                       35.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503195323                    75.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         1,167.08    Yes           3YP                       19.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503195750                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,800.00    Yes           3YP                       29.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503195770                    94.69   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,821.56    Yes           1YP                       45.46   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503196229                    95.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,632.02    No            NO                        49.70   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503196337                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         3,828.46    Yes           3YP                       49.97   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        3.000
2503196668                    99.98   No MI                 NO MI                 0                                  7.300            0.375        0.030     0.000               0.405                             6.895         1,286.02    Yes           3YP                       49.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503196705                    88.45   MI                    LPMI                 25                                  7.155            0.250        0.030     0.570               0.850                             6.305         1,643.75    Yes           2YP                       44.28   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503197062                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,956.25    Yes           1YP                       42.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197251                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,835.68    Yes           3YP                       41.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197258                    66.25   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,588.81    Yes           1YP                       35.08   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.875
2503197346                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           922.40    No            NO                        35.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503197390                    99.98   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,049.38    Yes           1YP                       44.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197770                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         3,529.70    Yes           3YP                       49.87   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503197789                    85.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,396.00    Yes           1YP                       40.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197808                   100.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         2,623.71    Yes           1YP                       44.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503197813                   100.00   No MI                 NO MI                 0                                  6.695            0.375        0.030     0.000               0.405                             6.290           597.81    Yes           3YP                       37.35   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503197900                    50.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,450.31    Yes           3YP                       48.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503197901                    68.14   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           866.25    Yes           3YP                       50.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197907                    52.26   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,559.88    Yes           3YP                       12.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503197922                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,573.44    Yes           1YP                       39.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503197976                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,785.16    Yes           1YP                       40.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503198073                    95.00   No MI                 NO MI                 0                                  7.900            0.375        0.030     0.000               0.405                             7.495         1,297.35    Yes           2YP                       40.19   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503198208                    60.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         3,187.50    No            NO                        41.14   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
2503198250                    76.29   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,772.92    Yes           3YP                       44.98   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503198264                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,375.40    Yes           2YP                       41.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503198337                    57.92   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,847.71    Yes           3YP                       29.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503198435                   100.00   No MI                 NO MI                 0                                  7.700            0.375        0.030     0.000               0.405                             7.295           616.00    Yes           3YP                       47.72   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503198545                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,387.43    Yes           2YP                       24.79   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
2503198630                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,400.57    Yes           3YP                       38.36   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503198778                    80.00   No MI                 NO MI                 0                                  5.935            0.375        0.030     0.000               0.405                             5.530         2,929.26    No            NO                        39.97   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503198866                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,401.56    No            NO                        37.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503198950                    95.00   No MI                 NO MI                 0                                  6.615            0.250        0.030     0.000               0.280                             6.335         4,134.38    Yes           3YP                       42.32   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503198964                    67.22   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         1,494.17    No            NO                        44.89   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503198980                    79.24   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,423.20    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503199242                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,200.94    Yes           2YP                       40.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503199341                    95.32   No MI                 NO MI                 0                                  7.450            0.250        0.030     0.000               0.280                             7.170         1,410.53    No            NO                        47.39   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503199409                    63.67   No MI                 NO MI                 0                                  5.000            0.250        0.030     0.000               0.280                             4.720         1,445.83    Yes           3YP                       54.90   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503199418                    57.84   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,960.66    No            NO                        49.10   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503199470                    99.80   MI                    LPMI                 12                                  8.250            0.375        0.030     0.540               0.945                             7.305         4,225.03    No            NO                        31.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503199526                    80.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         2,293.33    Yes           2YP                       36.10   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503199544                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,132.81    Yes           1YP                       47.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503199606                    99.98   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,327.01    No            NO                        44.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503199649                    95.00   MI                    BPMI                 30                                  7.875            0.375        0.030     0.000               0.405                             7.470         1,465.08    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503199671                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,733.33    Yes           1YP                       38.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503199795                    94.97   No MI                 NO MI                 0                                  7.560            0.375        0.030     0.000               0.405                             7.155           925.47    Yes           1YP                       48.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503199830                   100.00   No MI                 NO MI                 0                                  8.375            0.375        0.030     0.000               0.405                             7.970         4,135.16    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503199929                   100.00   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         1,036.27    Yes           1YP                       49.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503199958                    80.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         3,964.97    No            NO                        35.51   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503199960                    90.00   MI                    LPMI                 25                                  7.240            0.375        0.030     0.770               1.175                             6.065         2,063.40    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503200178                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,671.39    No            NO                        47.41   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503200208                   100.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         1,182.50    Yes           2YP                       45.54   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090101                                        22        3.000
2503200248                    99.84   No MI                 NO MI                 0                                  7.990            0.250        0.030     0.000               0.280                             7.710         3,339.82    Yes           3YP                       47.21   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503200282                   100.00   No MI                 NO MI                 0                                  7.950            0.375        0.030     0.000               0.405                             7.545         1,089.90    Yes           2YP                       47.10   2/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20090101                                        22        3.000
2503200374                    70.68   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,826.87    Yes           2YP                       32.32   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503200392                    69.49   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         6,327.84    No            NO                        37.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503200393                    90.00   MI                    LPMI                 25                                 10.700            0.375        0.030     1.090               1.495                             9.205           886.96    Yes           3YP                       47.52   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503200411                    89.99   No MI                 NO MI                 0                                  6.675            0.375        0.030     0.000               0.405                             6.270         2,780.69    No            NO                        41.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
2503200420                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         4,687.50    No            NO                        38.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503200448                    75.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,807.41    No            NO                        37.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503200673                    95.00   MI                    LPMI                 30                                  7.500            0.375        0.030     0.630               1.035                             6.465         2,434.38    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503200675                    83.64   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695         3,812.50    No            NO                        29.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503200729                    45.20   No MI                 NO MI                 0                                  5.650            0.375        0.030     0.000               0.405                             5.245         1,042.90    Yes           3YP                       30.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.000
2503200755                    95.00   No MI                 NO MI                 0                                  8.850            0.375        0.030     0.000               0.405                             8.445         1,072.33    Yes           3YP                       26.61   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503200760                    64.73   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         5,336.00    Yes           3YP                       31.16   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503200779                    52.78   No MI                 NO MI                 0                                  5.250            0.250        0.030     0.000               0.280                             4.970         1,120.00    Yes           3YP                       38.87   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503200785                    80.00   No MI                 NO MI                 0                                  6.920            0.375        0.030     0.000               0.405                             6.515         1,153.33    Yes           1YP                       40.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503200817                    74.81   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,053.54    Yes           1YP                       38.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503200923                    95.00   No MI                 NO MI                 0                                  7.850            0.375        0.030     0.000               0.405                             7.445           564.22    Yes           3YP                       46.89   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503200974                    93.54   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,274.58    Yes           2YP                       44.71   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503200985                    87.55   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445         1,023.22    No            NO                        37.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503201023                    80.00   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770         2,531.63    Yes           3YP                       35.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201058                    59.42   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         1,362.49    Yes           3YP                       33.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201069                   100.00   No MI                 NO MI                 0                                  7.570            0.375        0.030     0.000               0.405                             7.165           968.96    Yes           3YP                       47.31   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503201130                    53.57   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         4,687.50    No            NO                        38.09   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503201178                   100.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         3,119.51    Yes           3YP                       37.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503201250                   100.00   No MI                 NO MI                 0                                  6.150            0.375        0.030     0.000               0.405                             5.745         2,875.13    Yes           1YP                       44.48   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503201264                   100.00   No MI                 NO MI                 0                                  9.550            0.375        0.030     0.000               0.405                             9.145         4,724.07    Yes           1YP                       44.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503201275                    80.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,906.86    Yes           3YP                       38.77   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503201343                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         4,041.04    No            NO                        49.15   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503201350                   100.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,145.00    Yes           1YP                       42.39   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503201353                    94.99   MI                    BPMI                 30                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,454.76    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503201375                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,467.53    Yes           3YP                       47.39   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503201377                    75.00   No MI                 NO MI                 0                                  7.290            0.375        0.030     0.000               0.405                             6.885         1,366.88    Yes           3YP                       28.25   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503201413                   100.00   No MI                 NO MI                 0                                  6.825            0.375        0.030     0.000               0.405                             6.420           727.55    Yes           3YP                       39.88   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503201422                   100.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220           950.00    Yes           3YP                       37.85   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503201454                    95.83   No MI                 NO MI                 0                                  7.850            0.250        0.030     0.000               0.280                             7.570         4,906.25    Yes           2YP                       40.84   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503201488                    78.83   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         2,522.67    Yes           3YP                       23.99   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503201496                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,970.79    No            NO                        48.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201533                    79.22   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,418.99    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201548                   100.00   No MI                 NO MI                 0                                  8.790            0.375        0.030     0.000               0.405                             8.385         4,120.31    No            NO                        49.57   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503201557                    90.00   MI                    LPMI                 25                                  7.400            0.250        0.030     0.900               1.180                             6.220           716.61    Yes           3YP                       39.73   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201608                    19.20   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,095.03    No            NO                        34.18   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201675                    99.98   No MI                 NO MI                 0                                  7.490            0.375        0.030     0.000               0.405                             7.085           884.44    Yes           3YP                       47.75   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503201710                    53.48   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         1,372.54    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503201722                    95.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         1,163.31    No            NO                        45.89   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503201731                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           950.00    No            NO                        36.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503201741                    95.00   No MI                 NO MI                 0                                  7.650            0.375        0.030     0.000               0.405                             7.245         1,504.50    Yes           3YP                       47.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503201773                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,014.77    Yes           3YP                       39.07   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503201817                   100.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         2,544.21    No            NO                        44.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503201820                    82.88   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,530.60    Yes           1YP                       48.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503201846                    66.67   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,821.88    No            NO                        33.10   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503201853                   100.00   No MI                 NO MI                 0                                  8.550            0.375        0.030     0.000               0.405                             8.145         5,343.75    Yes           3YP                       41.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
2503201866                    85.00   MI                    LPMI                 22                                  7.990            0.375        0.030     1.100               1.505                             6.485         1,416.91    Yes           3YP                       31.88   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        4.125
2503201872                   100.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,912.50    Yes           3YP                       51.42   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503201891                    73.22   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         4,488.30    Yes           1YP                       44.47   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
2503201903                   100.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,263.83    Yes           3YP                       49.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503201943                    70.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,632.15    No            NO                        38.66   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503201968                    64.20   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,426.04    No            NO                        16.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503201974                    90.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,614.69    No            NO                        38.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503201999                    78.87   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,471.56    Yes           3YP                       44.22   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503202043                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         3,393.85    Yes           3YP                       43.02   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503202101                    79.03   No MI                 NO MI                 0                                  5.430            0.375        0.030     0.000               0.405                             5.025         1,504.56    Yes           3YP                       25.95   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503202161                   100.00   No MI                 NO MI                 0                                  7.440            0.375        0.030     0.000               0.405                             7.035         2,926.40    No            NO                        42.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202164                   100.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595           872.52    Yes           3YP                       20.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503202168                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           682.50    Yes           3YP                       40.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202196                    75.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,078.13    No            NO                        25.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503202197                    90.00   MI                    LPMI                 25                                  8.500            0.375        0.030     0.770               1.175                             7.325         1,708.50    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.500
2503202203                   100.00   No MI                 NO MI                 0                                  7.550            0.375        0.030     0.000               0.405                             7.145         1,659.99    No            NO                        42.46   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503202217                    58.87   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,626.32    Yes           3YP                       29.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503202222                    75.00   No MI                 NO MI                 0                                  8.800            0.375        0.030     0.000               0.405                             8.395         1,247.40    No            NO                         0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        3.000
2503202243                    95.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375         2,394.19    No            NO                        38.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503202296                    78.50   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           981.25    Yes           5YP                       42.74   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.750
2503202297                    99.97   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           764.47    Yes           3YP                       35.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202314                    77.50   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           871.88    Yes           3YP                       41.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503202370                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,100.00    Yes           3YP                       29.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202385                   100.00   No MI                 NO MI                 0                                  7.850            0.375        0.030     0.000               0.405                             7.445         1,398.28    No            NO                        49.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202443                    84.73   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         3,225.83    No            NO                        44.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202459                    50.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,500.00    No            NO                        22.28   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
2503202479                    56.52   No MI                 NO MI                 0                                  5.000            0.375        0.030     0.000               0.405                             4.595         1,300.00    Yes           3YP                       38.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503202491                    78.62   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,933.33    Yes           3YP                       27.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202503                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,425.78    Yes           2YP                       36.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503202509                    89.60   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,625.00    No            NO                        31.04   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503202540                    99.15   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,535.00    Yes           2YP                       33.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202550                    98.95   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         3,937.50    Yes           3YP                       46.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202555                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,842.60    Yes           3YP                       48.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503202558                    95.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,294.92    Yes           3YP                       35.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503202600                   100.00   No MI                 NO MI                 0                                  7.788            0.375        0.030     0.000               0.405                             7.383         2,933.48    Yes           1YP                       43.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202608                    95.00   No MI                 NO MI                 0                                  8.675            0.375        0.030     0.000               0.405                             8.270         1,474.75    No            NO                        37.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.875
2503202617                    90.00   No MI                 NO MI                 0                                  7.600            0.375        0.030     0.000               0.405                             7.195         2,938.67    Yes           3YP                       31.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503202624                   100.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,313.03    Yes           1YP                       40.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503202636                    99.97   No MI                 NO MI                 0                                  9.040            0.375        0.030     0.000               0.405                             8.635         1,129.25    No            NO                        40.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202644                    90.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,504.69    No            NO                        39.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202652                    85.00   MI                    LPMI                 22                                  5.875            0.250        0.030     0.390               0.670                             5.205         2,913.02    Yes           3YP                       39.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503202659                    95.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,338.33    Yes           1YP                       41.53   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202664                    80.00   No MI                 NO MI                 0                                  8.700            0.375        0.030     0.000               0.405                             8.295         2,512.29    No            NO                        45.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503202676                    50.17   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           843.75    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202680                   100.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         2,712.38    Yes           3YP                       39.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503202731                    94.98   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,213.80    No            NO                        25.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503202738                    70.00   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         1,529.78    No            NO                        22.90   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503202764                    60.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,041.07    Yes           3YP                       23.94   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        3.000
2503202773                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,121.25    No            NO                        35.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202808                    62.38   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,542.19    Yes           3YP                       36.40   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503202889                   100.00   No MI                 NO MI                 0                                  7.490            0.375        0.030     0.000               0.405                             7.085         1,474.59    No            NO                        41.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503202892                    74.90   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,110.94    Yes           2YP                       50.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        4.000
2503202905                    80.00   No MI                 NO MI                 0                                  7.810            0.375        0.030     0.000               0.405                             7.405         1,098.83    Yes           1YP                       24.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503202931                    83.60   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,895.83    Yes           3YP                       44.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        5.750
2503202934                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           477.52    Yes           3YP                       42.49   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503202939                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,770.83    No            NO                        49.49   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503202955                    48.63   No MI                 NO MI                 0                                  5.800            0.250        0.030     0.000               0.280                             5.520         1,093.85    Yes           3YP                       34.90   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503202972                    77.14   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585           629.10    No            NO                        33.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503202981                    67.84   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,921.72    Yes           3YP                       46.51   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503202992                    90.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,706.25    Yes           3YP                       48.03   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503203006                    99.95   No MI                 NO MI                 0                                  7.420            0.375        0.030     0.000               0.405                             7.015           908.64    Yes           3YP                       41.82   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203032                    90.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         1,925.89    No            NO                        41.95   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503203041                    90.00   No MI                 NO MI                 0                                  6.710            0.375        0.030     0.000               0.405                             6.305         1,306.21    Yes           3YP                       32.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503203044                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,457.92    Yes           3YP                       38.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.875
2503203065                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,318.33    Yes           2YP                       44.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
2503203069                    76.33   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,168.85    Yes           3YP                       46.94   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.000
2503203084                    51.07   No MI                 NO MI                 0                                  5.890            0.250        0.030     0.000               0.280                             5.610           635.45    Yes           3YP                       40.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203085                    90.00   MI                    LPMI                 25                                  7.350            0.375        0.030     1.090               1.495                             5.855         1,571.06    Yes           3YP                       38.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203089                   100.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         3,511.01    Yes           3YP                       34.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203112                    48.78   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,100.00    Yes           3YP                       47.78   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503203117                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,156.25    Yes           1YP                       43.62   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503203171                    90.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,594.59    Yes           3YP                       40.48   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203180                   100.00   No MI                 NO MI                 0                                  7.730            0.375        0.030     0.000               0.405                             7.325         1,135.34    Yes           3YP                       41.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203190                    90.00   No MI                 NO MI                 0                                  6.820            0.375        0.030     0.000               0.405                             6.415         2,553.24    Yes           3YP                       47.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503203219                    99.99   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,172.81    No            NO                        44.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203221                    75.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         1,083.32    Yes           3YP                       40.52   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503203224                    48.55   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,471.60    No            NO                        55.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203248                    99.98   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,032.04    Yes           3YP                       43.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203255                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,223.33    Yes           2YP                       38.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.875
2503203267                    33.68   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           950.20    No            NO                        45.89   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503203292                   100.00   No MI                 NO MI                 0                                  7.900            0.375        0.030     0.000               0.405                             7.495         3,559.46    Yes           1YP                       48.20   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503203302                    94.99   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         4,088.40    No            NO                        36.95   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203308                    80.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,334.00    Yes           3YP                       35.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.875
2503203317                    95.00   No MI                 NO MI                 0                                  7.790            0.375        0.030     0.000               0.405                             7.385         4,722.69    Yes           1YP                       49.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203322                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,785.94    Yes           3YP                       40.77   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503203339                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,400.00    Yes           2YP                       28.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203354                   100.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,699.66    Yes           3YP                       39.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203373                    50.70   No MI                 NO MI                 0                                  5.550            0.250        0.030     0.000               0.280                             5.270         2,344.88    Yes           3YP                       49.54   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503203438                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585           943.82    Yes           3YP                       36.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503203444                    94.97   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         1,255.50    No            NO                        35.69   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503203459                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,473.33    Yes           1YP                       37.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203469                    69.55   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,021.35    Yes           3YP                       40.69   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203487                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,741.67    Yes           3YP                       43.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.875
2503203498                    37.39   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           947.92    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203500                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           845.75    Yes           3YP                       32.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203510                    71.16   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,031.75    Yes           3YP                       47.37   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503203511                    95.00   No MI                 NO MI                 0                                  7.450            0.375        0.030     0.000               0.405                             7.045         1,961.83    No            NO                        39.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203518                    90.00   No MI                 NO MI                 0                                  6.775            0.250        0.030     0.000               0.280                             6.495         2,180.70    Yes           3YP                       34.47   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203519                    69.39   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,116.78    Yes           3YP                       35.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203520                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,456.88    Yes           3YP                       39.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203544                    67.27   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           963.54    Yes           3YP                       42.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503203550                    80.00   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         3,348.54    No            NO                        47.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503203570                    69.14   No MI                 NO MI                 0                                  7.109            0.250        0.030     0.000               0.280                             6.829         1,883.39    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203577                    29.72   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095           490.42    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203581                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           844.38    Yes           3YP                       42.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203585                    90.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           836.72    Yes           3YP                       29.62   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203589                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,172.28    No            NO                        44.72   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
2503203591                    95.00   No MI                 NO MI                 0                                  7.662            0.375        0.030     0.000               0.405                             7.257         1,193.37    Yes           3YP                       43.98   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503203593                    60.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           781.25    Yes           3YP                       29.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203604                    46.88   No MI                 NO MI                 0                                  5.320            0.250        0.030     0.000               0.280                             5.040         2,366.16    Yes           1YP                        0.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203613                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,570.34    Yes           1YP                       23.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203618                    35.26   No MI                 NO MI                 0                                  6.220            0.250        0.030     0.000               0.280                             5.940         2,036.78    Yes           3YP                       32.26   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203622                    51.28   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,604.17    Yes           3YP                       41.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203623                    65.71   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         1,332.08    Yes           3YP                       46.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203627                    50.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           552.08    No            NO                        42.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203631                    47.64   No MI                 NO MI                 0                                  5.690            0.375        0.030     0.000               0.405                             5.285           668.58    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203644                    90.00   MI                    LPMI                 25                                  8.625            0.375        0.030     1.660               2.065                             6.560         2,522.81    Yes           3YP                       46.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503203646                   100.00   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         2,626.28    Yes           3YP                       37.66   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203661                    50.59   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145           539.34    Yes           3YP                       39.33   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203662                   100.00   No MI                 NO MI                 0                                  7.290            0.375        0.030     0.000               0.405                             6.885         2,012.55    No            NO                        38.96   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503203671                    80.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,816.79    Yes           3YP                       42.71   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203680                    94.98   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,260.90    Yes           2YP                       49.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203683                    50.19   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,148.95    Yes           3YP                       31.54   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203684                    76.13   No MI                 NO MI                 0                                  6.480            0.250        0.030     0.000               0.280                             6.200         2,232.87    No            NO                        44.61   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203687                   100.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,649.81    Yes           1YP                       38.60   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203689                    90.00   MI                    BPMI                 25                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,111.50    Yes           3YP                       49.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203691                    95.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         1,416.67    Yes           2YP                       48.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203708                    90.00   MI                    LPMI                 25                                  9.050            0.375        0.030     0.990               1.395                             7.655         2,545.90    Yes           2YP                       29.12   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503203719                    92.42   MI                    LPMI                 30                                  6.875            0.250        0.030     0.890               1.170                             5.705         1,641.41    Yes           3YP                       29.31   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203736                    59.43   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,286.91    No            NO                        48.35   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203741                    95.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,228.13    Yes           2YP                       48.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203744                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,737.11    Yes           1YP                       49.05   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203756                    90.00   MI                    LPMI                 25                                  7.500            0.250        0.030     1.360               1.640                             5.860         1,285.21    Yes           3YP                       34.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203775                    80.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         2,528.00    Yes           3YP                       18.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203779                    80.00   No MI                 NO MI                 0                                  5.880            0.375        0.030     0.000               0.405                             5.475         1,254.40    Yes           3YP                       38.04   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        4.500
2503203780                   100.00   No MI                 NO MI                 0                                  7.300            0.375        0.030     0.000               0.405                             6.895         1,241.00    Yes           2YP                       42.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503203786                    77.14   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,062.00    Yes           3YP                       39.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
2503203815                   100.00   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         2,252.81    Yes           3YP                       45.36   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203820                    47.06   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,000.00    Yes           1YP                       28.75   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503203836                    90.00   MI                    LPMI                 25                                  8.230            0.375        0.030     1.070               1.475                             6.755         1,499.92    No            NO                        34.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.625
2503203838                    90.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         1,283.75    No            NO                        13.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.875
2503203839                    67.55   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,117.71    Yes           3YP                       45.80   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203860                    95.00   No MI                 NO MI                 0                                  7.700            0.375        0.030     0.000               0.405                             7.295         1,688.87    Yes           1YP                       34.98   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203867                    90.00   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545           918.53    Yes           3YP                       30.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503203889                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,102.17    Yes           1YP                       43.39   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203913                    60.67   No MI                 NO MI                 0                                  7.650            0.250        0.030     0.000               0.280                             7.370         1,291.32    Yes           3YP                       39.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503203935                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,970.31    Yes           3YP                       39.48   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503203972                    90.00   No MI                 NO MI                 0                                  6.859            0.375        0.030     0.000               0.405                             6.454         1,693.32    No            NO                        48.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503203986                    95.00   No MI                 NO MI                 0                                  9.400            0.375        0.030     0.000               0.405                             8.995         1,300.37    No            NO                        38.87   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503203987                    74.99   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020           796.16    Yes           3YP                       24.12   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203992                    91.15   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,073.91    No            NO                        39.80   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503203995                   100.00   No MI                 NO MI                 0                                  8.100            0.375        0.030     0.000               0.405                             7.695         2,804.28    No            NO                        43.48   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120101                                        58        3.000
2503203997                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,162.91    No            NO                        41.25   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120101                                        58        3.875
2503204010                    65.91   No MI                 NO MI                 0                                  7.405            0.250        0.030     0.000               0.280                             7.125         1,004.45    Yes           1YP                       28.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204012                    80.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,694.58    Yes           1YP                       14.35   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204027                    79.42   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,605.00    No            NO                        32.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204041                   100.00   No MI                 NO MI                 0                                  9.000            0.375        0.030     0.000               0.405                             8.595         5,407.06    No            NO                        47.01   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204054                    79.14   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,735.42    Yes           3YP                       42.25   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503204057                     8.86   No MI                 NO MI                 0                                  5.190            0.375        0.030     0.000               0.405                             4.785         1,513.75    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204058                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         2,970.00    No            NO                        34.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204067                    90.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,170.24    No            NO                        42.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204072                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,809.38    Yes           5YP                       47.38   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        2.500
2503204076                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,193.75    Yes           3YP                       36.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503204084                    95.00   No MI                 NO MI                 0                                  9.290            0.375        0.030     0.000               0.405                             8.885         4,737.90    No            NO                        21.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204094                    71.15   No MI                 NO MI                 0                                  6.730            0.375        0.030     0.000               0.405                             6.325         4,206.25    Yes           1YP                       41.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204097                    70.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,453.03    Yes           3YP                       38.99   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204126                    95.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         3,692.19    No            NO                        27.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204146                    95.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         2,595.83    No            NO                        37.42   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204150                    80.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         3,150.72    Yes           3YP                       32.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204177                    93.86   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         2,508.00    Yes           3YP                       49.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503204182                    45.95   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595           636.46    No            NO                        38.53   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503204184                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,318.20    No            NO                        28.17   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204197                    90.00   MI                    LPMI                 25                                  7.250            0.375        0.030     0.740               1.145                             6.105         2,392.50    Yes           2YP                       42.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503204209                    32.26   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           979.17    No            NO                        45.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204217                    95.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         1,162.00    No            NO                        32.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204220                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,411.72    Yes           1YP                       44.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204223                   100.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375         3,813.75    No            NO                        42.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204269                    46.67   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270           764.17    No            NO                        35.61   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503204270                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,440.14    Yes           3YP                       11.16   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204271                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,566.00    Yes           2YP                       43.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        7.150
2503204275                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,127.50    Yes           1YP                       44.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204285                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,789.07    No            NO                        37.86   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503204289                    95.00   No MI                 NO MI                 0                                  7.490            0.375        0.030     0.000               0.405                             7.085         4,180.36    Yes           1YP                       29.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204293                    74.88   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         2,175.00    Yes           3YP                       41.05   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.875
2503204294                    23.76   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           722.62    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204308                    94.98   No MI                 NO MI                 0                                  7.359            0.375        0.030     0.000               0.405                             6.954         2,580.34    Yes           3YP                       47.75   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503204346                    80.00   No MI                 NO MI                 0                                  7.400            0.375        0.030     0.000               0.405                             6.995         2,350.73    Yes           3YP                       36.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503204360                    85.00   MI                    LPMI                 12                                  8.500            0.375        0.030     0.950               1.355                             7.145         3,251.25    No            NO                        48.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503204367                    55.56   No MI                 NO MI                 0                                  5.790            0.375        0.030     0.000               0.405                             5.385         4,825.00    No            NO                        16.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204382                    55.00   No MI                 NO MI                 0                                  6.650            0.250        0.030     0.000               0.280                             6.370         5,486.25    Yes           1YP                       42.76   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503204386                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,440.14    Yes           3YP                       23.71   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204388                    95.00   No MI                 NO MI                 0                                  6.670            0.375        0.030     0.000               0.405                             6.265           936.82    Yes           3YP                       30.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204393                   100.00   No MI                 NO MI                 0                                  7.155            0.375        0.030     0.000               0.405                             6.750         1,699.31    Yes           3YP                       47.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204403                    68.07   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,073.71    Yes           3YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204408                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,833.33    Yes           1YP                       39.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204414                    80.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         2,517.17    Yes           2YP                       42.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204437                    74.68   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,220.83    No            NO                        33.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204438                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,047.50    Yes           3YP                       43.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204443                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         2,930.40    Yes           1YP                       40.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503204477                    55.61   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720           683.49    No            NO                        41.97   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204478                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         2,152.89    No            NO                        42.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        3.000
2503204488                   100.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295           586.25    Yes           3YP                       40.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204502                    80.00   No MI                 NO MI                 0                                  6.299            0.250        0.030     0.000               0.280                             6.019         1,005.11    Yes           3YP                       23.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204503                   100.00   No MI                 NO MI                 0                                  6.488            0.375        0.030     0.000               0.405                             6.083         2,041.56    Yes           2YP                       40.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204517                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         4,527.67    Yes           2YP                       36.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204518                    95.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,359.13    Yes           1YP                       43.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204533                    89.99   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         1,383.20    Yes           3YP                       37.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        2.875
2503204539                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,730.83    Yes           3YP                       41.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204543                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,231.67    Yes           3YP                       48.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503204550                    80.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         1,445.42    No            NO                        48.88   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503204575                   100.00   No MI                 NO MI                 0                                  6.200            0.375        0.030     0.000               0.405                             5.795         1,475.60    Yes           2YP                       41.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204592                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,963.00    Yes           3YP                       38.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204593                    83.19   MI                    LPMI                 22                                  5.750            0.375        0.030     0.560               0.965                             4.785         2,300.00    Yes           3YP                       39.28   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.500
2503204613                   100.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         4,622.66    No            NO                        46.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503204624                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,427.13    Yes           1YP                       46.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204634                    95.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,992.59    Yes           1YP                       48.12   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503204643                    90.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           579.34    No            NO                        16.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204653                    80.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585           852.27    No            NO                        40.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204662                    59.36   No MI                 NO MI                 0                                  5.577            0.250        0.030     0.000               0.280                             5.297         1,208.35    Yes           3YP                       43.63   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503204664                    52.56   No MI                 NO MI                 0                                  5.850            0.375        0.030     0.000               0.405                             5.445           499.69    Yes           3YP                       22.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503204673                    69.41   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,382.81    Yes           1YP                       42.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204675                    68.34   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,468.75    Yes           1YP                       42.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204681                    93.32   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,239.84    Yes           2YP                       49.82   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204689                    90.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,880.47    Yes           1YP                       38.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204693                    85.00   MI                    LPMI                 22                                  7.375            0.250        0.030     0.850               1.130                             6.245           705.95    Yes           3YP                       44.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204696                    65.58   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         2,049.21    Yes           3YP                       40.22   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204697                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,766.14    Yes           2YP                       49.80   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204708                    94.99   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,087.97    No            NO                        32.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204713                    80.00   No MI                 NO MI                 0                                  5.715            0.375        0.030     0.000               0.405                             5.310         1,649.73    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204726                    80.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,728.33    Yes           2YP                       36.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204743                    94.95   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           383.45    Yes           3YP                       30.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204745                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,551.78    Yes           2YP                       44.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204752                    80.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         3,171.33    No            NO                        37.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204755                    70.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,275.31    No            NO                        44.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204758                   100.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,079.69    Yes           3YP                       44.09   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503204759                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         3,246.25    No            NO                        39.02   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204762                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,358.33    Yes           1YP                       43.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204767                    80.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         2,628.33    No            NO                        38.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503204772                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,515.87    No            NO                        44.60   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204774                    50.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,775.00    No            NO                        26.08   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204775                   100.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,248.83    No            NO                        47.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204792                    95.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,392.68    Yes           3YP                       42.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503204793                    95.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           765.39    Yes           1YP                       37.44   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204798                    99.99   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,077.69    Yes           3YP                       34.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204800                    90.00   MI                    LPMI                 25                                  9.700            0.375        0.030     0.870               1.275                             8.425         2,218.88    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        4.000
2503204810                   100.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,475.00    Yes           3YP                       38.14   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503204814                    95.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,463.53    Yes           2YP                       49.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204816                    74.98   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845           864.71    Yes           2YP                       36.92   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204820                    95.00   No MI                 NO MI                 0                                  6.820            0.375        0.030     0.000               0.405                             6.415           720.32    Yes           3YP                       35.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204821                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           850.00    Yes           3YP                       15.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204828                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           761.98    Yes           3YP                       32.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204830                    80.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,467.90    No            NO                        41.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204832                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,124.50    Yes           3YP                       44.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204835                    94.99   No MI                 NO MI                 0                                  7.699            0.375        0.030     0.000               0.405                             7.294         1,857.06    No            NO                        24.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503204844                    79.50   No MI                 NO MI                 0                                  6.890            0.375        0.030     0.000               0.405                             6.485         1,607.67    No            NO                        51.02   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204845                    85.00   No MI                 NO MI                 0                                  7.380            0.375        0.030     0.000               0.405                             6.975         1,153.13    No            NO                        42.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204847                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         1,604.02    No            NO                        45.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204850                    75.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,968.75    Yes           3YP                        2.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204852                    75.00   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,827.60    Yes           1YP                       22.60   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503204858                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           931.00    Yes           3YP                       41.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204859                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,673.50    Yes           3YP                       29.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204860                    89.90   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945           907.11    Yes           3YP                       31.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204869                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,109.38    Yes           3YP                       39.34   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204876                    95.00   No MI                 NO MI                 0                                  7.450            0.250        0.030     0.000               0.280                             7.170           959.19    Yes           1YP                       47.69   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503204880                    80.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         2,523.67    Yes           2YP                       39.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204883                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,593.37    No            NO                        48.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204900                    99.99   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,342.05    Yes           2YP                       43.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204903                   100.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         1,465.07    Yes           1YP                       42.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204904                    75.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585           813.71    Yes           3YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204912                    67.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,395.83    Yes           2YP                       31.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204917                   100.00   No MI                 NO MI                 0                                  8.450            0.375        0.030     0.000               0.405                             8.045         1,101.37    Yes           3YP                       41.25   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503204922                    65.76   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         8,665.36    Yes           3YP                       44.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204939                    99.97   No MI                 NO MI                 0                                  7.550            0.375        0.030     0.000               0.405                             7.145         1,886.87    No            NO                        49.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
2503204950                   100.00   No MI                 NO MI                 0                                  7.930            0.250        0.030     0.000               0.280                             7.650         4,537.34    No            NO                        46.16   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204952                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,080.00    Yes           1YP                       39.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503204954                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,076.56    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204957                    99.98   No MI                 NO MI                 0                                  7.600            0.375        0.030     0.000               0.405                             7.195         1,763.20    Yes           2YP                       37.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204977                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           902.34    No            NO                        41.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204979                    70.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,602.08    Yes           2YP                       44.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204983                    85.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,236.27    No            NO                        33.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503204998                    74.36   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,434.79    No            NO                        31.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503204999                    54.68   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         3,981.68    No            NO                        37.53   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205002                    75.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,071.88    Yes           3YP                       30.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205011                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,258.59    Yes           1YP                       49.58   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503205025                    90.00   No MI                 NO MI                 0                                  8.600            0.375        0.030     0.000               0.405                             8.195         2,418.75    No            NO                        39.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503205028                    90.00   MI                    LPMI                 25                                  7.800            0.375        0.030     1.470               1.875                             5.925         1,227.92    Yes           3YP                       41.73   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        4.125
2503205030                    90.00   No MI                 NO MI                 0                                  8.700            0.375        0.030     0.000               0.405                             8.295         1,276.00    Yes           3YP                       44.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205041                    84.35   MI                    LPMI                 12                                  7.250            0.375        0.030     0.470               0.875                             6.375         1,172.08    Yes           2YP                       35.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
2503205054                    80.00   No MI                 NO MI                 0                                  5.899            0.250        0.030     0.000               0.280                             5.619         3,079.23    Yes           3YP                       40.18   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205057                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,864.84    No            NO                        39.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205092                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,656.00    Yes           1YP                       36.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205096                    95.00   MI                    LPMI                 30                                  9.500            0.375        0.030     1.800               2.205                             7.295         3,564.88    Yes           3YP                       35.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.875
2503205101                    95.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         1,608.75    No            NO                        40.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205103                    80.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         2,660.00    Yes           1YP                       43.78   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205108                    99.98   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           935.09    Yes           5YP                       39.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205114                    67.38   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         5,697.03    No            NO                        43.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.500
2503205132                    50.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,125.90    No            NO                        49.46   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503205133                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,492.19    Yes           1YP                       29.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205136                    77.23   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,601.04    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205148                    90.00   MI                    LPMI                 25                                  9.200            0.375        0.030     1.560               1.965                             7.235         2,042.40    No            NO                        37.12   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.375
2503205153                   100.00   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         1,856.11    Yes           3YP                       40.23   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        4.000
2503205156                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,852.50    No            NO                        37.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205159                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           724.61    Yes           3YP                       44.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503205185                   100.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,442.00    Yes           3YP                       36.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205186                    80.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         3,263.34    No            NO                        37.75   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205190                    77.14   No MI                 NO MI                 0                                  6.599            0.375        0.030     0.000               0.405                             6.194         2,969.55    Yes           3YP                       42.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205200                    95.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375           641.84    No            NO                        32.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503205204                   100.00   No MI                 NO MI                 0                                  8.100            0.375        0.030     0.000               0.405                             7.695         3,092.44    Yes           1YP                       44.75   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503205219                    65.00   No MI                 NO MI                 0                                  5.790            0.375        0.030     0.000               0.405                             5.385         1,646.53    Yes           1YP                       42.53   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205238                    95.00   MI                    LPMI                 30                                  6.950            0.250        0.030     0.530               0.810                             6.140         1,261.86    Yes           3YP                       45.25   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205263                   100.00   No MI                 NO MI                 0                                  7.730            0.375        0.030     0.000               0.405                             7.325         1,932.50    Yes           3YP                       38.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205300                   100.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645         1,550.31    No            NO                        44.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503205314                    94.33   No MI                 NO MI                 0                                  7.690            0.375        0.030     0.000               0.405                             7.285         1,355.36    No            NO                        40.82   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205321                    73.25   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,526.04    Yes           3YP                       37.57   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205330                   100.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395           952.00    No            NO                        43.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503205344                    80.00   No MI                 NO MI                 0                                  7.150            0.250        0.030     0.000               0.280                             6.870           800.80    Yes           3YP                       10.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205356                    80.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,180.00    Yes           3YP                       36.73   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205366                    75.00   No MI                 NO MI                 0                                  6.030            0.250        0.030     0.000               0.280                             5.750         2,464.67    Yes           3YP                       41.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205372                    68.05   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710           574.04    Yes           3YP                       24.77   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205375                    80.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         3,014.67    Yes           2YP                       45.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205386                    68.46   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595           871.46    No            NO                        40.79   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205390                   100.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,792.00    Yes           3YP                       44.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205395                    75.00   No MI                 NO MI                 0                                  5.950            0.250        0.030     0.000               0.280                             5.670         3,049.38    Yes           3YP                       43.27   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205399                    65.81   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,306.23    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205402                    79.99   No MI                 NO MI                 0                                  8.440            0.375        0.030     0.000               0.405                             8.035         1,619.78    No            NO                        41.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503205403                    95.00   No MI                 NO MI                 0                                  7.850            0.375        0.030     0.000               0.405                             7.445         2,396.87    Yes           3YP                       33.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205404                    80.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,398.12    Yes           2YP                       40.04   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503205408                   100.00   No MI                 NO MI                 0                                  6.860            0.375        0.030     0.000               0.405                             6.455         2,915.50    Yes           1YP                       40.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205413                    64.71   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,154.17    No            NO                        31.86   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205419                    48.00   No MI                 NO MI                 0                                  6.092            0.250        0.030     0.000               0.280                             5.812         1,018.60    Yes           1YP                       37.55   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205424                   100.00   No MI                 NO MI                 0                                  6.870            0.250        0.030     0.000               0.280                             6.590           840.44    No            NO                        44.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205427                   100.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545           869.79    Yes           2YP                       30.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205449                    25.97   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,199.10    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205454                   100.00   No MI                 NO MI                 0                                  6.790            0.375        0.030     0.000               0.405                             6.385         1,584.33    Yes           2YP                       44.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205458                   100.00   No MI                 NO MI                 0                                  6.490            0.250        0.030     0.000               0.280                             6.210         1,207.14    Yes           3YP                       44.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503205461                   100.00   No MI                 NO MI                 0                                  6.365            0.375        0.030     0.000               0.405                             5.960         1,173.55    Yes           1YP                       43.61   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205468                    95.00   No MI                 NO MI                 0                                  9.800            0.375        0.030     0.000               0.405                             9.395           901.60    Yes           1YP                       43.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205469                   100.00   No MI                 NO MI                 0                                  8.290            0.375        0.030     0.000               0.405                             7.885         2,487.00    No            NO                        49.98   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503205482                    75.80   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         2,670.87    Yes           3YP                       34.95   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503205484                    69.37   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,405.71    Yes           3YP                       25.25   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205485                    40.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,093.70    Yes           3YP                       50.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205490                    72.29   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         1,595.11    No            NO                        41.07   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205492                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,858.42    Yes           1YP                       37.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205504                    99.99   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,778.77    Yes           1YP                       48.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205528                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,054.99    Yes           1YP                       34.01   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503205538                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,564.00    No            NO                        28.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205539                    74.98   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         1,341.95    Yes           3YP                       22.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205544                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         4,125.00    Yes           3YP                       42.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503205555                    80.00   No MI                 NO MI                 0                                  5.690            0.375        0.030     0.000               0.405                             5.285         1,915.63    Yes           3YP                       42.04   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205556                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,103.87    Yes           2YP                       36.08   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205562                   100.00   No MI                 NO MI                 0                                  6.613            0.375        0.030     0.000               0.405                             6.208         1,498.95    No            NO                        41.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205574                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         1,050.00    Yes           3YP                       49.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205584                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         3,465.00    Yes           2YP                       45.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205585                    90.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,386.72    Yes           3YP                       32.01   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
2503205591                    84.36   MI                    LPMI                 12                                  6.930            0.250        0.030     0.900               1.180                             5.750         1,183.88    Yes           3YP                       19.65   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205597                   100.00   No MI                 NO MI                 0                                  7.400            0.250        0.030     0.000               0.280                             7.120         1,093.96    No            NO                        39.21   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205603                    71.30   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,185.80    Yes           3YP                       33.65   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503205604                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,755.00    Yes           1YP                       49.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205618                    94.39   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         3,914.17    No            NO                        34.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.005
2503205631                   100.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         1,822.40    Yes           3YP                       47.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205641                    45.17   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,444.13    Yes           3YP                       38.47   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.875
2503205666                   100.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         2,269.70    No            NO                        32.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205669                    85.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,191.41    Yes           3YP                       35.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205680                    58.20   No MI                 NO MI                 0                                  6.090            0.375        0.030     0.000               0.405                             5.685         1,801.62    Yes           2YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503205687                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         4,843.75    No            NO                        44.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205688                    55.60   No MI                 NO MI                 0                                  5.855            0.250        0.030     0.000               0.280                             5.575         1,279.98    Yes           3YP                       30.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205691                    94.94   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,743.02    Yes           3YP                       43.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205704                    64.75   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,437.50    No            NO                        51.11   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503205705                   100.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         2,224.00    Yes           2YP                       39.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205708                    54.01   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,735.42    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205717                    25.82   No MI                 NO MI                 0                                  7.400            0.375        0.030     0.000               0.405                             6.995           437.83    No            NO                        23.74   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205719                    82.38   MI                    LPMI                 22                                  7.375            0.375        0.030     0.570               0.975                             6.400         1,149.27    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503205724                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           922.19    Yes           3YP                       47.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205748                   100.00   No MI                 NO MI                 0                                  6.350            0.375        0.030     0.000               0.405                             5.945         2,116.67    Yes           2YP                       47.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205752                    90.00   MI                    LPMI                 25                                 11.420            0.375        0.030     1.240               1.645                             9.775           770.85    Yes           3YP                       49.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        5.550
2503205759                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,009.58    Yes           3YP                       49.92   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205772                   100.00   No MI                 NO MI                 0                                  7.780            0.375        0.030     0.000               0.405                             7.375           977.14    Yes           2YP                       49.63   2/6 LIBOR                                             LIBOR                         6                6                          20090201                                        23        3.000
2503205775                    89.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,166.67    Yes           3YP                       43.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205776                    56.19   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,826.73    Yes           3YP                       14.42   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205787                    95.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,296.88    No            NO                        49.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503205795                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         3,120.00    No            NO                        43.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205796                    73.93   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           725.96    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503205800                    51.03   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         7,024.53    Yes           1YP                       44.89   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205807                    26.52   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420           451.69    Yes           3YP                       52.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205816                    95.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         3,057.40    Yes           1YP                       44.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205823                    57.84   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,842.19    Yes           3YP                       45.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205829                    95.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,631.25    Yes           3YP                       45.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205839                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         4,237.69    Yes           3YP                       38.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205840                    69.69   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,931.04    Yes           3YP                       42.44   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503205844                    60.00   No MI                 NO MI                 0                                  6.490            0.250        0.030     0.000               0.280                             6.210           734.96    Yes           3YP                       41.34   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205860                    71.91   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,498.77    Yes           3YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205863                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           764.06    Yes           3YP                       38.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205864                    55.35   No MI                 NO MI                 0                                  5.550            0.375        0.030     0.000               0.405                             5.145         1,100.75    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205867                    73.93   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           725.96    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205876                    95.00   No MI                 NO MI                 0                                  8.170            0.375        0.030     0.000               0.405                             7.765         2,743.99    Yes           1YP                       39.78   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503205882                    93.97   MI                    LPMI                 30                                  6.940            0.250        0.030     0.940               1.220                             5.720         2,162.38    Yes           3YP                       49.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205890                    90.00   No MI                 NO MI                 0                                  6.555            0.375        0.030     0.000               0.405                             6.150         3,073.75    Yes           1YP                       32.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503205897                    35.29   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,625.00    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503205919                    80.00   No MI                 NO MI                 0                                  7.875            0.375        0.030     0.000               0.405                             7.470         1,207.50    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503205932                    80.00   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285           981.20    No            NO                        34.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205933                    99.65   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,316.10    No            NO                        45.13   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
2503205941                    90.00   No MI                 NO MI                 0                                  7.070            0.250        0.030     0.000               0.280                             6.790           778.89    No            NO                        22.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503205954                    93.00   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445         2,376.09    No            NO                        41.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205977                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         1,188.00    No            NO                        47.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503205978                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           721.88    Yes           3YP                       36.49   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503205997                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,315.90    No            NO                        41.64   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.875
2503206003                    85.00   MI                    LPMI                 22                                  7.250            0.250        0.030     0.450               0.730                             6.520         3,806.05    Yes           1YP                       49.51   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206012                   100.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         4,077.33    Yes           3YP                       41.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206019                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,902.33    Yes           3YP                       44.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206022                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           882.99    Yes           3YP                       38.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206046                    41.41   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           787.58    Yes           1YP                       39.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206047                    58.33   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,259.06    Yes           3YP                       38.62   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206050                    25.42   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420           885.64    No            NO                        27.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206053                    90.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645           812.97    Yes           3YP                       19.08   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.875
2503206055                   100.00   No MI                 NO MI                 0                                  6.860            0.375        0.030     0.000               0.405                             6.455         1,352.85    Yes           3YP                       33.21   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503206061                    88.24   No MI                 NO MI                 0                                  7.380            0.375        0.030     0.000               0.405                             6.975         2,017.20    Yes           1YP                       36.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206063                   100.00   No MI                 NO MI                 0                                  6.870            0.375        0.030     0.000               0.405                             6.465         2,040.39    Yes           3YP                       38.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206070                    40.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,841.66    Yes           3YP                       36.43   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206085                    95.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         1,294.44    No            NO                        47.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206100                   100.00   No MI                 NO MI                 0                                  8.900            0.250        0.030     0.000               0.280                             8.620         1,644.72    No            NO                        37.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206102                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,254.00    Yes           1YP                       43.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503206103                   100.00   No MI                 NO MI                 0                                  9.100            0.375        0.030     0.000               0.405                             8.695         2,526.41    No            NO                        46.75   2/6 LIBOR                                             LIBOR                         6                6                          20090301                                        24        3.000
2503206126                    39.22   No MI                 NO MI                 0                                  5.850            0.375        0.030     0.000               0.405                             5.445         2,437.50    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206130                   100.00   No MI                 NO MI                 0                                  8.600            0.375        0.030     0.000               0.405                             8.195         3,497.33    Yes           3YP                       41.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206143                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,538.37    Yes           3YP                       48.16   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503206152                    70.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,575.00    Yes           3YP                       40.58   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503206155                    81.27   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         7,970.70    No            NO                        25.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206187                    77.92   No MI                 NO MI                 0                                  8.990            0.250        0.030     0.000               0.280                             8.710         2,411.71    Yes           2YP                       23.71   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206227                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,887.30    No            NO                        32.87   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206234                    75.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,283.59    Yes           2YP                       37.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206236                   100.00   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395           906.25    Yes           2YP                       49.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206254                    68.75   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,022.66    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206255                    95.00   No MI                 NO MI                 0                                  6.560            0.375        0.030     0.000               0.405                             6.155           943.00    Yes           1YP                       32.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206256                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,404.69    Yes           3YP                       42.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206257                    78.37   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         2,164.05    Yes           3YP                       40.55   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206286                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,000.42    Yes           2YP                       40.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206287                    55.38   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         5,287.50    No            NO                        33.90   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206292                    90.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,632.81    No            NO                        41.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503206296                   100.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,850.82    Yes           1YP                       41.95   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206299                    43.76   No MI                 NO MI                 0                                  6.105            0.375        0.030     0.000               0.405                             5.700         1,302.40    Yes           1YP                       44.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206314                   100.00   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         1,597.50    Yes           1YP                       45.70   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.875
2503206323                   100.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375         2,690.81    Yes           1YP                       48.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206324                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,629.30    No            NO                        42.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206333                    94.97   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,114.94    Yes           3YP                       20.16   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503206340                    90.00   MI                    LPMI                 25                                  7.500            0.375        0.030     0.820               1.225                             6.275         1,288.13    Yes           2YP                       41.96   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.625
2503206350                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           822.25    Yes           5YP                       35.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206387                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,184.38    Yes           3YP                       44.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206400                    98.68   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,913.33    Yes           1YP                       44.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206436                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,450.54    Yes           1YP                       41.36   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503206437                   100.00   No MI                 NO MI                 0                                  7.900            0.375        0.030     0.000               0.405                             7.495         2,206.73    Yes           3YP                       41.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206439                   100.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         1,955.10    Yes           1YP                       42.16   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206472                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,742.50    Yes           1YP                       44.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206490                    99.64   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,168.75    Yes           1YP                       37.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206494                    96.15   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,385.00    Yes           3YP                       47.85   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
2503206499                    62.68   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,364.06    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503206501                    95.00   No MI                 NO MI                 0                                  8.160            0.375        0.030     0.000               0.405                             7.755         1,740.80    Yes           3YP                       46.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.500
2503206504                    59.38   No MI                 NO MI                 0                                  7.320            0.375        0.030     0.000               0.405                             6.915         1,305.17    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503206526                   100.00   No MI                 NO MI                 0                                  6.630            0.375        0.030     0.000               0.405                             6.225         1,339.26    Yes           3YP                       33.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        4.000
2503206533                    95.00   No MI                 NO MI                 0                                  7.310            0.375        0.030     0.000               0.405                             6.905           731.00    Yes           1YP                       46.80   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206547                    74.34   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,561.88    Yes           3YP                       31.41   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503206550                    90.00   MI                    LPMI                 25                                  8.990            0.375        0.030     1.120               1.525                             7.465         1,975.55    No            NO                        48.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503206551                    85.00   MI                    LPMI                 22                                  8.625            0.250        0.030     0.850               1.130                             7.495         2,975.05    Yes           3YP                       48.46   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206552                   100.00   No MI                 NO MI                 0                                  7.130            0.375        0.030     0.000               0.405                             6.725         2,540.06    No            NO                        39.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206556                    80.00   No MI                 NO MI                 0                                  9.890            0.375        0.030     0.000               0.405                             9.485         4,525.34    No            NO                        38.56   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        7.150
2503206559                    66.32   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,572.50    Yes           3YP                       49.44   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503206573                    90.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,180.70    Yes           3YP                       42.42   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206576                   100.00   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695         1,382.67    Yes           3YP                       43.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206589                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,089.84    Yes           1YP                       48.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206592                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           860.00    Yes           3YP                       48.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206594                    60.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,612.25    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206608                   100.00   No MI                 NO MI                 0                                  8.940            0.250        0.030     0.000               0.280                             8.660         1,560.60    No            NO                        44.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206614                    61.15   No MI                 NO MI                 0                                  7.790            0.375        0.030     0.000               0.405                             7.385         2,286.99    Yes           3YP                       41.32   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503206622                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         3,495.00    Yes           3YP                       39.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503206626                    86.44   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         6,206.67    No            NO                        34.22   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503206633                   100.00   No MI                 NO MI                 0                                  6.860            0.375        0.030     0.000               0.405                             6.455         1,540.24    No            NO                        35.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206637                    85.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,476.56    Yes           2YP                       38.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206638                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,650.00    Yes           2YP                       45.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503206646                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         4,101.56    Yes           3YP                       43.16   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206656                    95.00   No MI                 NO MI                 0                                  7.195            0.375        0.030     0.000               0.405                             6.790           692.52    No            NO                        44.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206664                   100.00   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         1,940.10    Yes           2YP                       40.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206672                    61.92   No MI                 NO MI                 0                                  6.600            0.250        0.030     0.000               0.280                             6.320         1,028.24    Yes           3YP                       34.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206678                    73.13   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,194.38    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206714                    75.00   No MI                 NO MI                 0                                  6.900            0.250        0.030     0.000               0.280                             6.620         2,587.50    Yes           1YP                       42.13   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503206721                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,478.13    No            NO                        17.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206723                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220           728.75    Yes           3YP                       43.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206724                    70.00   No MI                 NO MI                 0                                  6.071            0.250        0.030     0.000               0.280                             5.791           885.35    Yes           3YP                       36.10   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503206725                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,291.67    Yes           1YP                       43.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206745                   100.00   No MI                 NO MI                 0                                  8.050            0.375        0.030     0.000               0.405                             7.645         2,409.63    Yes           3YP                       49.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206754                    90.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,523.00    Yes           3YP                       37.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503206759                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,258.75    Yes           3YP                       39.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503206761                    39.47   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         4,500.00    Yes           1YP                       41.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206765                   100.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295           851.77    Yes           3YP                       41.15   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503206768                    80.74   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         3,119.01    Yes           3YP                        0.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140201                                        83        3.000
2503206777                    70.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,221.09    No            NO                        44.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206780                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,128.12    No            NO                        45.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206783                   100.00   No MI                 NO MI                 0                                  7.450            0.375        0.030     0.000               0.405                             7.045         2,403.87    Yes           2YP                       49.24   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503206784                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,856.25    Yes           3YP                       38.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206792                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,315.44    Yes           3YP                       49.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206793                    95.00   No MI                 NO MI                 0                                  6.860            0.375        0.030     0.000               0.405                             6.455         1,216.74    No            NO                        29.20   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503206807                    60.38   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,484.31    Yes           3YP                       29.44   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206814                    90.00   No MI                 NO MI                 0                                  6.900            0.250        0.030     0.000               0.280                             6.620         2,815.52    Yes           2YP                       49.92   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206816                   100.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         2,334.38    Yes           3YP                       46.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206825                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,643.50    Yes           3YP                       30.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206847                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,892.58    Yes           2YP                       49.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206850                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         1,722.00    No            NO                        43.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206877                    52.54   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,582.29    Yes           3YP                       30.17   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503206883                   100.00   No MI                 NO MI                 0                                  7.510            0.375        0.030     0.000               0.405                             7.105         1,126.03    Yes           3YP                       33.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503206884                    75.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,773.44    Yes           3YP                       42.88   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206885                    74.29   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         4,320.10    Yes           3YP                       23.02   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503206890                    80.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,461.67    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206898                    51.28   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845           918.75    No            NO                        38.68   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503206901                    90.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         3,848.60    No            NO                        39.65   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503206904                    95.00   No MI                 NO MI                 0                                  7.780            0.375        0.030     0.000               0.405                             7.375         1,020.88    No            NO                        35.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206905                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,515.62    Yes           3YP                       43.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206909                    89.84   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         3,323.16    Yes           2YP                       48.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206911                    87.50   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,881.40    Yes           1YP                       44.78   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503206912                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,601.67    Yes           3YP                       43.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206914                    90.00   MI                    BPMI                 25                                  9.165            0.375        0.030     0.000               0.405                             8.760         1,388.91    Yes           1YP                       39.03   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.875
2503206917                    79.92   No MI                 NO MI                 0                                  7.110            0.375        0.030     0.000               0.405                             6.705         3,697.20    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503206918                   100.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,035.00    No            NO                        43.54   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140201                                        83        3.875
2503206920                    85.00   MI                    LPMI                 12                                  6.990            0.375        0.030     0.520               0.925                             6.065         1,534.89    Yes           3YP                       46.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503206928                   100.00   No MI                 NO MI                 0                                  6.490            0.375        0.030     0.000               0.405                             6.085         1,903.73    Yes           3YP                       43.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206936                    94.74   No MI                 NO MI                 0                                  6.740            0.375        0.030     0.000               0.405                             6.335           453.55    No            NO                        26.23   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503206938                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,360.00    Yes           3YP                       44.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206952                    99.83   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         2,782.54    No            NO                        44.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503206984                    54.51   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845           740.10    Yes           3YP                       21.97   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503207004                    75.31   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,427.92    Yes           1YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503207018                    61.35   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           615.72    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207052                    90.00   No MI                 NO MI                 0                                  7.550            0.375        0.030     0.000               0.405                             7.145           849.38    No            NO                        43.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207059                    85.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,403.65    No            NO                        31.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207085                    80.00   No MI                 NO MI                 0                                  6.120            0.375        0.030     0.000               0.405                             5.715           689.88    No            NO                        48.85   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503207086                   100.00   No MI                 NO MI                 0                                  6.740            0.375        0.030     0.000               0.405                             6.335         2,337.94    No            NO                        41.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207089                    75.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         5,062.50    Yes           2YP                       36.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207095                    58.05   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,500.79    No            NO                        34.96   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503207099                    85.00   MI                    LPMI                 22                                  6.610            0.250        0.030     0.750               1.030                             5.580         2,699.04    No            NO                        33.59   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207122                    67.73   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,434.17    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207128                    90.00   MI                    LPMI                 25                                  8.850            0.375        0.030     1.660               2.065                             6.785         3,351.94    Yes           3YP                       47.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.375
2503207156                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,040.83    Yes           3YP                       31.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207158                    80.00   No MI                 NO MI                 0                                  5.795            0.250        0.030     0.000               0.280                             5.515         2,467.25    Yes           3YP                        7.76   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207163                    95.00   No MI                 NO MI                 0                                  6.795            0.375        0.030     0.000               0.405                             6.390         1,630.80    Yes           3YP                       41.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.875
2503207165                   100.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,322.01    Yes           3YP                       47.99   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207211                    95.00   MI                    LPMI                 30                                  8.150            0.250        0.030     1.620               1.900                             6.250         1,742.06    Yes           3YP                       45.01   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503207222                    90.00   MI                    LPMI                 25                                 10.900            0.375        0.030     1.040               1.445                             9.455         1,632.57    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503207228                    78.73   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,662.50    Yes           3YP                       44.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207243                    70.00   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270           889.50    Yes           3YP                       36.49   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207268                    60.89   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710           652.81    Yes           3YP                       25.83   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207270                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,887.30    Yes           1YP                       36.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207273                    80.00   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,390.42    Yes           3YP                       33.98   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503207295                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           592.27    No            NO                        46.88   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207311                    90.00   No MI                 NO MI                 0                                  6.960            0.375        0.030     0.000               0.405                             6.555         1,039.60    Yes           3YP                       46.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207333                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,073.31    No            NO                        38.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207339                   100.00   No MI                 NO MI                 0                                  6.363            0.375        0.030     0.000               0.405                             5.958         1,825.39    Yes           2YP                       38.61   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207343                    58.79   No MI                 NO MI                 0                                  5.790            0.375        0.030     0.000               0.405                             5.385         1,705.60    No            NO                        43.34   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503207354                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,656.50    Yes           1YP                       31.45   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207359                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,558.34    No            NO                        44.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207380                   100.00   No MI                 NO MI                 0                                  7.950            0.375        0.030     0.000               0.405                             7.545         2,235.94    No            NO                        46.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207386                   100.00   No MI                 NO MI                 0                                  9.875            0.375        0.030     0.000               0.405                             9.470         2,623.05    No            NO                        44.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207390                    74.48   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,873.72    Yes           2YP                       39.93   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503207393                    97.62   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           962.50    Yes           2YP                       44.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207396                   100.00   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         2,554.38    Yes           1YP                       48.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207400                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,669.50    Yes           3YP                       42.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207404                   100.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,462.83    Yes           2YP                       39.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207406                    89.84   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,428.33    Yes           3YP                       40.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207418                    70.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         9,575.78    Yes           3YP                       43.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503207421                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         2,313.60    Yes           3YP                       46.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.875
2503207437                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,597.92    Yes           3YP                       43.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207442                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,125.13    Yes           3YP                       41.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207459                    97.67   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,925.00    Yes           3YP                       43.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207470                    80.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,189.26    Yes           2YP                       25.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207484                    90.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,045.58    Yes           3YP                       44.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207492                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,033.59    No            NO                        28.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207495                   100.00   No MI                 NO MI                 0                                  6.620            0.375        0.030     0.000               0.405                             6.215           772.33    No            NO                        38.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207499                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         4,100.20    Yes           1YP                       41.87   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207509                    90.00   MI                    LPMI                 25                                  7.500            0.375        0.030     0.520               0.925                             6.575         3,993.75    Yes           3YP                       35.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.625
2503207510                    56.19   No MI                 NO MI                 0                                  6.145            0.375        0.030     0.000               0.405                             5.740           604.26    Yes           3YP                       31.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207512                    95.00   No MI                 NO MI                 0                                  8.600            0.375        0.030     0.000               0.405                             8.195         1,697.07    No            NO                        48.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207517                    95.00   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695         2,100.69    No            NO                        40.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207530                    65.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,693.92    No            NO                         0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207543                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,517.50    Yes           3YP                       44.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207546                    89.99   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         2,347.92    Yes           1YP                       47.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207552                    74.05   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,644.51    Yes           3YP                       52.23   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207559                    90.00   No MI                 NO MI                 0                                  6.610            0.250        0.030     0.000               0.280                             6.330         3,955.79    Yes           3YP                       48.38   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207591                    95.00   No MI                 NO MI                 0                                  6.790            0.375        0.030     0.000               0.405                             6.385         1,273.13    Yes           3YP                       47.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207602                    78.49   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,196.00    No            NO                        44.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207606                   100.00   No MI                 NO MI                 0                                  7.700            0.375        0.030     0.000               0.405                             7.295         1,636.25    Yes           3YP                       25.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207607                    79.12   No MI                 NO MI                 0                                  7.320            0.375        0.030     0.000               0.405                             6.915         1,640.90    Yes           1YP                       15.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503207617                    95.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           840.00    Yes           5YP                       40.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207630                    66.80   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,978.52    Yes           3YP                       32.44   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207632                    54.29   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695           772.67    Yes           3YP                       27.96   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207637                    78.82   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           873.33    Yes           3YP                       20.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207638                    90.00   No MI                 NO MI                 0                                  6.860            0.250        0.030     0.000               0.280                             6.580         1,648.02    Yes           3YP                       25.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207644                    89.81   No MI                 NO MI                 0                                  7.410            0.250        0.030     0.000               0.280                             7.130         1,011.87    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207651                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,273.44    No            NO                        36.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207659                    57.10   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,917.00    Yes           3YP                       39.96   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207664                    80.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,680.69    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207666                    58.21   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,596.04    Yes           1YP                       34.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207702                    65.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,222.61    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207705                    95.00   No MI                 NO MI                 0                                  7.790            0.375        0.030     0.000               0.405                             7.385         1,168.50    No            NO                        46.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.000
2503207706                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,955.00    No            NO                        30.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207708                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,567.50    Yes           3YP                       42.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207722                    95.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         1,309.07    Yes           1YP                       34.01   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503207724                    85.00   MI                    LPMI                 22                                  9.162            0.375        0.030     1.100               1.505                             7.657         1,526.49    No            NO                        41.69   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.125
2503207726                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         2,293.33    No            NO                        48.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        6.550
2503207753                    89.97   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,017.77    Yes           1YP                       44.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207757                    80.00   No MI                 NO MI                 0                                  7.705            0.375        0.030     0.000               0.405                             7.300         3,467.25    No            NO                        32.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207785                    86.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         4,438.13    Yes           3YP                       49.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207792                   100.00   No MI                 NO MI                 0                                  6.290            0.375        0.030     0.000               0.405                             5.885         1,761.20    Yes           3YP                       40.11   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503207822                    90.00   MI                    LPMI                 25                                  8.450            0.375        0.030     0.670               1.075                             7.375         1,774.50    Yes           3YP                       45.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207823                    34.86   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,713.54    No            NO                        35.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207836                    80.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,710.00    No            NO                        43.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207840                    74.17   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,225.00    Yes           1YP                       41.74   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207853                    77.67   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,556.64    Yes           3YP                       33.93   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503207855                    78.50   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         4,270.04    Yes           2YP                       42.02   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503207858                    87.31   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         3,035.94    Yes           1YP                       46.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207877                    53.15   No MI                 NO MI                 0                                  6.390            0.250        0.030     0.000               0.280                             6.110         1,825.41    Yes           1YP                       40.08   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503207885                    42.61   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,327.08    No            NO                        46.65   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503207888                    58.77   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,755.82    Yes           1YP                       38.29   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207889                    72.15   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,536.46    Yes           3YP                       40.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207900                    83.56   MI                    LPMI                 12                                  8.300            0.375        0.030     0.450               0.855                             7.445         1,418.99    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503207920                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           893.75    Yes           5YP                       39.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207931                   100.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395           860.02    No            NO                        47.18   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        5.550
2503207936                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,141.67    No            NO                        49.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207937                   100.00   No MI                 NO MI                 0                                  5.700            0.375        0.030     0.000               0.405                             5.295         2,565.00    Yes           1YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503207939                    79.09   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,521.75    No            NO                        30.98   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503207942                    57.14   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,408.33    Yes           3YP                       40.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503207949                    62.67   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270           895.86    Yes           3YP                       42.83   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207950                    90.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,281.50    Yes           3YP                       31.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503207989                    75.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745           893.75    Yes           5YP                       27.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503207995                    85.00   No MI                 NO MI                 0                                  6.150            0.375        0.030     0.000               0.405                             5.745         1,825.78    Yes           3YP                       17.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208005                    70.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           939.58    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208006                   100.00   No MI                 NO MI                 0                                  6.815            0.375        0.030     0.000               0.405                             6.410         1,453.87    Yes           2YP                       47.71   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208016                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         1,007.60    Yes           3YP                       48.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        4.500
2503208020                    48.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,600.00    No            NO                        16.30   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208023                    80.00   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         3,822.36    No            NO                        21.83   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208027                    80.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,475.00    No            NO                        44.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208028                    99.65   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,630.68    No            NO                        49.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208034                    71.83   No MI                 NO MI                 0                                  6.095            0.250        0.030     0.000               0.280                             5.815         1,295.19    Yes           3YP                       34.44   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208048                    57.58   No MI                 NO MI                 0                                  5.847            0.250        0.030     0.000               0.280                             5.567         2,801.31    Yes           3YP                       44.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208059                    67.44   No MI                 NO MI                 0                                  6.225            0.375        0.030     0.000               0.405                             5.820           752.19    Yes           3YP                       40.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208063                    72.54   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845           943.21    Yes           3YP                       14.02   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208070                    69.70   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,443.75    No            NO                        46.43   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208071                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,776.94    Yes           2YP                       41.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208082                    99.73   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,419.79    Yes           3YP                       42.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208086                    59.00   No MI                 NO MI                 0                                  5.927            0.250        0.030     0.000               0.280                             5.647         1,457.05    Yes           3YP                       43.09   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208088                    94.75   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,650.14    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208101                   100.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         3,107.81    Yes           1YP                       43.55   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208107                    60.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,203.13    Yes           3YP                       36.50   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503208118                    90.00   MI                    LPMI                 25                                 10.300            0.375        0.030     1.860               2.265                             8.035         2,753.45    No            NO                        49.91   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        4.375
2503208121                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,395.83    Yes           3YP                       33.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208125                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,750.00    Yes           3YP                       35.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208127                    49.73   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470           881.67    Yes           3YP                       39.94   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208128                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           893.42    Yes           3YP                       14.46   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208132                    85.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         2,746.03    No            NO                        27.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208137                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,314.69    No            NO                        41.83   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
2503208144                    58.93   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,784.38    Yes           3YP                       26.11   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503208149                    80.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,367.28    Yes           3YP                       43.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208154                    77.50   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           839.58    Yes           2YP                       37.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208166                    72.05   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,157.90    Yes           3YP                       42.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208169                   100.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,975.15    Yes           3YP                       38.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208170                   100.00   No MI                 NO MI                 0                                  6.180            0.375        0.030     0.000               0.405                             5.775           688.04    Yes           3YP                       32.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208172                    50.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,264.14    Yes           2YP                       45.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208203                    95.00   No MI                 NO MI                 0                                  7.025            0.250        0.030     0.000               0.280                             6.745         1,333.96    No            NO                        30.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208227                    66.67   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,750.00    No            NO                        44.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208230                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,999.50    Yes           1YP                       49.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503208263                    90.00   MI                    LPMI                 25                                  7.625            0.375        0.030     0.670               1.075                             6.550         1,057.40    Yes           2YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.750
2503208267                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,955.00    Yes           1YP                       39.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503208275                    94.98   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,010.21    No            NO                        33.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208286                    95.00   MI                    LPMI                 30                                  8.710            0.375        0.030     1.360               1.765                             6.945         3,585.62    Yes           3YP                       44.47   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.125
2503208288                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,145.00    Yes           3YP                       37.74   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208291                    52.05   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         3,990.50    Yes           5YP                       48.23   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
2503208293                    95.00   No MI                 NO MI                 0                                  8.050            0.375        0.030     0.000               0.405                             7.645           831.83    No            NO                        27.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208306                    75.00   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         2,229.37    Yes           3YP                       32.02   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.000
2503208307                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           792.97    Yes           2YP                       45.40   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208313                    70.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,885.39    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208315                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,446.88    Yes           3YP                       42.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208328                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,053.50    Yes           3YP                       35.75   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208329                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         4,989.60    Yes           3YP                       47.61   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503208333                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           960.76    No            NO                        22.99   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208357                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,172.50    Yes           2YP                       49.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208358                    95.00   No MI                 NO MI                 0                                  5.790            0.375        0.030     0.000               0.405                             5.385         3,454.70    Yes           3YP                       49.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208361                    75.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,283.59    Yes           2YP                       40.35   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208371                    90.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,041.67    Yes           1YP                       38.84   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208375                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,711.67    Yes           2YP                       38.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208376                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,466.25    Yes           2YP                       36.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208382                    90.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,800.05    No            NO                        49.18   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208385                    84.82   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         2,503.67    No            NO                        30.34   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100201                                        35        3.875
2503208397                    64.52   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,656.25    Yes           3YP                       44.57   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208398                    48.73   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845           698.75    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208409                    80.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,029.60    Yes           1YP                       37.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.750
2503208425                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,215.00    Yes           2YP                       48.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208427                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,741.67    No            NO                        39.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208429                    99.97   No MI                 NO MI                 0                                  5.700            0.375        0.030     0.000               0.405                             5.295         1,000.83    No            NO                        44.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208433                    80.00   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,196.33    Yes           2YP                       27.58   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208437                    84.38   MI                    BPMI                 12                                  6.500            0.375        0.030     0.000               0.405                             6.095           877.50    Yes           3YP                       31.78   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208438                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,191.67    Yes           1YP                       44.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208442                    80.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,360.00    Yes           2YP                       44.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208447                    73.93   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         6,308.04    Yes           3YP                       22.79   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208468                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,394.00    Yes           2YP                       47.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208478                    24.95   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720           695.48    Yes           3YP                       35.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208480                    46.55   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           842.22    Yes           3YP                       33.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208489                    95.00   No MI                 NO MI                 0                                  7.217            0.375        0.030     0.000               0.405                             6.812         1,096.98    No            NO                        44.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208499                    90.00   MI                    LPMI                 25                                  9.500            0.375        0.030     1.240               1.645                             7.855           877.85    Yes           2YP                       39.53   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.125
2503208509                    95.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         2,049.67    No            NO                        44.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        6.000
2503208516                   100.00   No MI                 NO MI                 0                                  6.370            0.375        0.030     0.000               0.405                             5.965         1,656.20    No            NO                        44.47   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208529                   100.00   No MI                 NO MI                 0                                  7.650            0.375        0.030     0.000               0.405                             7.245         1,873.18    Yes           2YP                       30.44   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120201                                        59        3.000
2503208532                    90.00   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,014.06    Yes           2YP                       44.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208540                    80.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,620.00    Yes           1YP                       40.11   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208542                    93.24   No MI                 NO MI                 0                                  7.580            0.375        0.030     0.000               0.405                             7.175         2,801.19    Yes           1YP                       28.76   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208543                   100.00   No MI                 NO MI                 0                                  7.300            0.375        0.030     0.000               0.405                             6.895         2,579.33    No            NO                        49.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208548                    83.79   MI                    LPMI                 22                                  6.700            0.375        0.030     0.880               1.285                             5.415         1,356.75    Yes           3YP                       37.96   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.625
2503208563                    42.11   No MI                 NO MI                 0                                  6.680            0.250        0.030     0.000               0.280                             6.400           772.74    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208579                    94.97   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295           474.60    Yes           3YP                       18.97   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208580                    80.00   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         1,290.56    Yes           3YP                       40.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208585                   100.00   No MI                 NO MI                 0                                  5.915            0.375        0.030     0.000               0.405                             5.510         2,314.74    Yes           3YP                       39.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        5.550
2503208586                    77.85   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         2,867.33    Yes           3YP                       38.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208589                    95.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,068.75    No            NO                        39.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208591                   100.00   No MI                 NO MI                 0                                  7.815            0.250        0.030     0.000               0.280                             7.535         1,665.30    Yes           3YP                       48.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208593                   100.00   No MI                 NO MI                 0                                  7.190            0.250        0.030     0.000               0.280                             6.910           806.95    Yes           1YP                       43.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208608                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,555.37    No            NO                        49.61   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208613                    66.67   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         1,537.50    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208621                   100.00   No MI                 NO MI                 0                                  7.650            0.250        0.030     0.000               0.280                             7.370         1,305.51    Yes           1YP                       44.05   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208622                    71.43   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,223.63    Yes           2YP                       37.82   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208623                    84.24   MI                    LPMI                 12                                  7.625            0.250        0.030     0.540               0.820                             6.805         2,649.69    Yes           1YP                       46.86   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208625                   100.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         2,720.00    Yes           3YP                       40.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503208636                    36.34   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,630.74    No            NO                        38.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208660                    95.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,892.00    Yes           3YP                       42.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208662                    90.00   MI                    LPMI                 25                                 10.500            0.375        0.030     1.240               1.645                             8.855           880.89    Yes           3YP                       18.21   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.125
2503208667                    98.39   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,347.08    Yes           3YP                       35.30   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503208672                    94.97   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           906.47    Yes           3YP                       49.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208673                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,537.50    Yes           2YP                       42.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503208676                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,427.14    Yes           3YP                       36.11   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208677                    84.97   MI                    LPMI                 22                                  8.375            0.250        0.030     0.590               0.870                             7.505           915.13    Yes           2YP                       40.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208682                    70.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345           972.71    Yes           3YP                       40.29   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208699                   100.00   No MI                 NO MI                 0                                  6.830            0.375        0.030     0.000               0.405                             6.425         1,661.97    No            NO                        40.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208713                   100.00   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945         1,174.01    Yes           3YP                       44.82   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503208714                    79.97   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           667.97    No            NO                        27.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208715                    79.80   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,057.29    Yes           3YP                       30.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208723                    85.00   MI                    LPMI                 22                                  9.180            0.375        0.030     1.100               1.505                             7.675         4,517.28    Yes           1YP                       29.62   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.000
2503208726                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,741.67    Yes           1YP                       18.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503208728                    79.86   No MI                 NO MI                 0                                  8.450            0.375        0.030     0.000               0.405                             8.045           809.79    No            NO                        23.29   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208745                    80.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         2,310.00    Yes           3YP                       41.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208746                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,667.25    No            NO                        40.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208753                    48.87   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,375.94    No            NO                        41.28   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503208761                    96.83   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,417.50    Yes           1YP                       32.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208768                    95.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,084.50    Yes           3YP                       29.65   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208776                    38.62   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           857.50    Yes           2YP                       24.85   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        4.000
2503208778                   100.00   No MI                 NO MI                 0                                  7.910            0.375        0.030     0.000               0.405                             7.505         1,033.57    Yes           2YP                       42.25   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208796                    69.13   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         1,978.71    Yes           2YP                       39.80   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208804                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         3,081.25    Yes           1YP                       32.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208824                   100.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           991.06    Yes           3YP                       39.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208826                   100.00   No MI                 NO MI                 0                                  8.600            0.250        0.030     0.000               0.280                             8.320         2,079.71    No            NO                        39.30   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208829                    75.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         6,728.91    Yes           3YP                       31.31   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503208835                    74.78   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,684.17    Yes           1YP                       40.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503208842                    89.90   No MI                 NO MI                 0                                  6.290            0.250        0.030     0.000               0.280                             6.010         4,621.55    Yes           3YP                       40.79   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208852                    90.00   MI                    LPMI                 25                                  8.500            0.375        0.030     1.340               1.745                             6.755         1,467.09    Yes           3YP                       46.67   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503208862                    95.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         3,572.99    No            NO                        50.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208872                    99.99   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,251.97    No            NO                        37.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208878                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895           988.31    No            NO                        42.72   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208885                   100.00   No MI                 NO MI                 0                                  7.450            0.375        0.030     0.000               0.405                             7.045         2,806.17    Yes           2YP                       48.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503208888                    85.00   MI                    LPMI                 22                                  7.750            0.375        0.030     0.580               0.985                             6.765         2,580.10    Yes           3YP                       39.90   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.875
2503208897                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,821.63    Yes           1YP                       43.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208904                    80.00   No MI                 NO MI                 0                                  7.700            0.375        0.030     0.000               0.405                             7.295         1,514.33    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503208908                    75.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,068.28    No            NO                        16.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208918                    75.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,686.79    Yes           1YP                       50.78   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503208921                    51.67   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         1,989.80    No            NO                        41.18   2/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20090201                                        23        3.000
2503208923                   100.00   No MI                 NO MI                 0                                  6.065            0.375        0.030     0.000               0.405                             5.660         2,520.77    Yes           2YP                       39.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208924                    95.00   No MI                 NO MI                 0                                  7.480            0.375        0.030     0.000               0.405                             7.075           958.38    No            NO                        45.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503208939                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           834.95    Yes           2YP                       37.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208948                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345           862.50    Yes           3YP                       26.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503208949                    54.50   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470         1,300.29    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208955                    90.00   MI                    LPMI                 25                                  6.250            0.375        0.030     0.850               1.255                             4.995         1,617.19    Yes           3YP                       37.26   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.750
2503208961                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         1,608.00    Yes           3YP                       46.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503208966                    75.47   No MI                 NO MI                 0                                  6.290            0.250        0.030     0.000               0.280                             6.010         2,473.28    Yes           3YP                       40.57   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208972                    95.00   No MI                 NO MI                 0                                  5.999            0.375        0.030     0.000               0.405                             5.594         3,053.30    No            NO                        35.36   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503208976                    90.00   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770         3,375.51    Yes           3YP                       38.87   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208992                    65.49   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,774.38    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
2503208995                   100.00   No MI                 NO MI                 0                                  6.310            0.250        0.030     0.000               0.280                             6.030           882.97    No            NO                        41.16   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503208997                    89.79   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,490.63    Yes           3YP                       49.64   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209003                    28.68   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710           923.46    Yes           3YP                       36.85   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209008                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,072.66    Yes           1YP                       41.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209022                    62.93   No MI                 NO MI                 0                                  5.250            0.250        0.030     0.000               0.280                             4.970         2,187.50    No            NO                        25.85   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209032                    64.84   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,604.17    Yes           1YP                       42.27   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209040                    80.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         3,033.33    Yes           2YP                       40.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209043                    90.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         1,133.80    No            NO                        34.32   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209046                    70.00   No MI                 NO MI                 0                                  5.250            0.250        0.030     0.000               0.280                             4.970         2,298.41    No            NO                        37.44   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209048                    95.00   No MI                 NO MI                 0                                  8.910            0.375        0.030     0.000               0.405                             8.505         5,012.42    No            NO                        34.55   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209066                    58.33   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,575.00    No            NO                        40.85   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503209081                    95.00   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695           619.03    No            NO                        26.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503209089                    54.89   No MI                 NO MI                 0                                  5.375            0.250        0.030     0.000               0.280                             5.095         1,733.44    Yes           3YP                       40.76   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209090                    72.46   No MI                 NO MI                 0                                  5.870            0.375        0.030     0.000               0.405                             5.465         2,445.83    No            NO                        32.33   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503209092                    99.45   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020         1,722.00    Yes           3YP                       36.55   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209093                    62.06   No MI                 NO MI                 0                                  6.120            0.375        0.030     0.000               0.405                             5.715         2,040.00    No            NO                        17.70   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503209095                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         1,911.00    Yes           2YP                       41.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209096                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,662.03    Yes           3YP                       49.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209109                    21.82   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695           727.19    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209112                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,113.28    Yes           1YP                       36.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503209115                    93.94   No MI                 NO MI                 0                                  6.200            0.375        0.030     0.000               0.405                             5.795         2,046.00    Yes           3YP                       45.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209119                    90.00   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545           659.46    Yes           3YP                       28.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209121                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,413.17    Yes           2YP                       40.54   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209144                   100.00   No MI                 NO MI                 0                                  6.736            0.250        0.030     0.000               0.280                             6.456           943.04    Yes           3YP                       32.96   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209147                    95.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           973.05    Yes           3YP                       33.12   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209154                    80.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,296.67    Yes           3YP                       45.38   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209169                    68.11   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095           726.48    Yes           3YP                       51.84   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209182                    80.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,407.50    Yes           3YP                       41.65   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503209184                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,250.00    Yes           3YP                       37.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209206                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,285.63    Yes           3YP                       49.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209213                    47.46   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970           955.05    Yes           2YP                       32.59   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209215                    95.00   No MI                 NO MI                 0                                  6.020            0.375        0.030     0.000               0.405                             5.615         1,334.43    Yes           3YP                       30.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503209216                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,231.67    Yes           3YP                       44.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209229                    75.00   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945         1,524.21    Yes           2YP                       36.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503209232                    98.40   No MI                 NO MI                 0                                  7.090            0.250        0.030     0.000               0.280                             6.810         3,006.16    Yes           3YP                       48.29   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209238                    70.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,296.88    Yes           3YP                       19.51   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209239                    74.88   No MI                 NO MI                 0                                  5.650            0.375        0.030     0.000               0.405                             5.245         2,260.00    Yes           1YP                       41.45   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503209254                    95.00   MI                    LPMI                 30                                  7.200            0.375        0.030     0.810               1.215                             5.985         1,516.20    Yes           1YP                       27.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.625
2503209266                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,250.00    Yes           3YP                       49.77   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209270                   100.00   No MI                 NO MI                 0                                  9.500            0.375        0.030     0.000               0.405                             9.095         4,813.33    Yes           1YP                       47.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209275                    91.89   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,779.41    No            NO                        46.17   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209287                    77.10   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         2,815.38    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209289                   100.00   No MI                 NO MI                 0                                  5.550            0.375        0.030     0.000               0.405                             5.145         1,905.50    Yes           3YP                       48.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209300                    90.00   MI                    BPMI                 25                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,670.25    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209302                    73.33   No MI                 NO MI                 0                                  5.925            0.375        0.030     0.000               0.405                             5.520         2,715.63    No            NO                        32.23   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503209306                    80.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470           878.33    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209312                    95.49   MI                    LPMI                 25                                 10.800            0.375        0.030     1.560               1.965                             8.835           767.60    No            NO                        49.99   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.375
2503209318                    80.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,031.67    Yes           1YP                       38.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209336                    80.00   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         2,525.60    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209346                    47.47   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         1,186.96    Yes           3YP                       36.32   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209354                    65.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585           934.30    Yes           2YP                       43.77   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209362                    90.00   No MI                 NO MI                 0                                  8.500            0.375        0.030     0.000               0.405                             8.095         1,700.00    No            NO                        37.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209369                   100.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         3,743.75    Yes           1YP                       35.66   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100201                                        35        3.000
2503209370                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,037.50    Yes           1YP                       35.40   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209384                    63.65   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           913.70    No            NO                        28.10   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209387                    89.43   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,182.29    Yes           1YP                       47.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209389                    48.74   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,255.00    Yes           2YP                       25.90   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503209399                    59.20   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345           817.08    No            NO                        34.59   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209400                    79.67   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,163.33    Yes           3YP                       36.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209409                    70.01   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,681.25    Yes           3YP                       46.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209416                   100.00   No MI                 NO MI                 0                                  7.300            0.375        0.030     0.000               0.405                             6.895         3,126.83    Yes           1YP                       29.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209418                    95.00   No MI                 NO MI                 0                                  6.586            0.375        0.030     0.000               0.405                             6.181           720.34    No            NO                        40.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503209422                    61.54   No MI                 NO MI                 0                                  5.800            0.250        0.030     0.000               0.280                             5.520         1,877.61    Yes           3YP                       44.77   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209436                    79.27   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,828.13    Yes           3YP                       35.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209452                   100.00   No MI                 NO MI                 0                                  7.425            0.375        0.030     0.000               0.405                             7.020         3,900.60    No            NO                        48.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209455                    95.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,476.14    No            NO                        43.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209457                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         4,140.63    Yes           3YP                       40.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.750
2503209464                    93.62   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,126.15    No            NO                        26.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209471                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,974.58    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209474                    69.99   No MI                 NO MI                 0                                  6.985            0.250        0.030     0.000               0.280                             6.705         1,836.44    No            NO                        28.33   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209477                    80.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         3,060.00    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209478                   100.00   No MI                 NO MI                 0                                  6.895            0.375        0.030     0.000               0.405                             6.490         1,248.86    Yes           2YP                       47.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209485                    73.23   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,096.20    Yes           1YP                       37.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209496                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,192.50    Yes           3YP                       32.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209498                   100.00   No MI                 NO MI                 0                                  8.290            0.375        0.030     0.000               0.405                             7.885         3,730.50    Yes           1YP                       45.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209504                    80.00   No MI                 NO MI                 0                                  6.613            0.375        0.030     0.000               0.405                             6.208         1,071.31    Yes           3YP                       38.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209508                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,223.44    No            NO                        38.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209515                    78.60   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445         1,929.42    No            NO                        34.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503209523                   100.00   No MI                 NO MI                 0                                  6.880            0.375        0.030     0.000               0.405                             6.475         2,774.93    Yes           1YP                       46.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209535                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,115.00    Yes           1YP                       42.39   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503209557                    54.12   No MI                 NO MI                 0                                  5.800            0.250        0.030     0.000               0.280                             5.520           809.72    Yes           3YP                       41.56   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209558                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,638.75    No            NO                        33.81   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090301                                        24        3.000
2503209564                    55.43   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         1,760.00    No            NO                        44.92   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209587                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,093.00    Yes           3YP                       44.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209607                   100.00   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         1,682.44    Yes           1YP                       48.24   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209610                    56.25   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,245.93    Yes           3YP                       34.43   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209615                    67.63   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         1,486.35    Yes           3YP                       43.77   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209632                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,282.50    Yes           3YP                       38.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209633                    80.00   No MI                 NO MI                 0                                  7.133            0.375        0.030     0.000               0.405                             6.728           998.62    Yes           3YP                       21.31   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503209641                   100.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         2,567.41    Yes           3YP                       49.16   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209646                    90.00   No MI                 NO MI                 0                                  7.080            0.375        0.030     0.000               0.405                             6.675           779.67    No            NO                        42.95   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503209661                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,250.63    Yes           3YP                       39.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209673                    65.00   No MI                 NO MI                 0                                  6.490            0.375        0.030     0.000               0.405                             6.085           912.20    Yes           1YP                        0.00   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.500
2503209675                    85.00   MI                    LPMI                 22                                  5.990            0.250        0.030     0.640               0.920                             5.070         2,138.10    Yes           3YP                       34.67   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209685                    90.00   MI                    LPMI                 25                                  8.780            0.375        0.030     1.460               1.865                             6.915         1,771.36    Yes           3YP                       46.44   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.375
2503209701                    94.78   No MI                 NO MI                 0                                  8.400            0.375        0.030     0.000               0.405                             7.995         3,622.50    No            NO                        44.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209708                    71.56   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,031.25    No            NO                        28.82   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209716                    99.99   No MI                 NO MI                 0                                  7.365            0.375        0.030     0.000               0.405                             6.960         3,100.83    No            NO                        43.22   3/6 LIBOR                                             LIBOR                         6                6                          20100301                                        36        3.000
2503209737                    95.00   No MI                 NO MI                 0                                  6.513            0.250        0.030     0.000               0.280                             6.233         2,444.67    Yes           1YP                       32.58   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209739                    90.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         2,136.87    Yes           1YP                       42.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503209740                   100.00   No MI                 NO MI                 0                                  6.363            0.375        0.030     0.000               0.405                             5.958         1,387.93    Yes           3YP                       45.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209742                    81.79   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,304.69    Yes           1YP                       43.88   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209749                   100.00   No MI                 NO MI                 0                                  7.240            0.375        0.030     0.000               0.405                             6.835         1,810.00    Yes           3YP                       41.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503209755                    77.40   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           915.10    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503209756                    95.00   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945         1,396.50    No            NO                        45.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209765                    65.88   No MI                 NO MI                 0                                  6.131            0.375        0.030     0.000               0.405                             5.726           572.23    Yes           3YP                       34.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503209773                    64.70   No MI                 NO MI                 0                                  6.620            0.375        0.030     0.000               0.405                             6.215         1,784.64    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209780                    47.79   No MI                 NO MI                 0                                  6.700            0.375        0.030     0.000               0.405                             6.295         1,814.58    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209786                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,720.83    Yes           3YP                       41.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209787                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         4,333.33    No            NO                        41.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209818                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,369.06    No            NO                        26.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209832                    95.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345           815.88    No            NO                        36.22   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503209839                    88.32   MI                    BPMI                 25                                  7.125            0.250        0.030     0.000               0.280                             6.845           743.79    No            NO                        30.41   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209843                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,873.90    Yes           3YP                       45.25   2/6 LIBOR                                             LIBOR                         6                6                          20090401                                        25        6.500
2503209854                    65.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,936.46    Yes           3YP                       43.52   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209864                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,429.17    No            NO                        38.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209866                   100.00   No MI                 NO MI                 0                                  7.150            0.250        0.030     0.000               0.280                             6.870         1,561.54    Yes           1YP                       45.79   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209874                    71.41   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,918.33    No            NO                        31.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209880                    68.12   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,108.04    Yes           3YP                       45.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209881                   100.00   No MI                 NO MI                 0                                  6.280            0.250        0.030     0.000               0.280                             6.000         2,637.60    Yes           3YP                       40.30   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209883                    79.07   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,983.33    Yes           3YP                       44.20   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503209889                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495           677.06    No            NO                        38.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209891                    80.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,768.20    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209896                    80.00   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         1,350.05    Yes           3YP                       30.68   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209907                   100.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,067.34    Yes           2YP                       29.19   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503209931                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           966.12    Yes           2YP                       45.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503209937                    56.62   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         1,860.83    Yes           3YP                       43.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209942                   100.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,606.13    Yes           1YP                       43.59   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503209945                    80.00   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545           867.71    Yes           3YP                       28.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209958                    64.47   No MI                 NO MI                 0                                  5.825            0.375        0.030     0.000               0.405                             5.420         1,611.58    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209971                    95.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995           802.67    Yes           3YP                       47.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209975                    80.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,227.00    Yes           3YP                       31.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503209984                   100.00   No MI                 NO MI                 0                                  5.825            0.375        0.030     0.000               0.405                             5.420         1,427.13    Yes           3YP                       45.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209992                    53.17   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,600.86    Yes           3YP                       37.02   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209994                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,832.50    Yes           2YP                       44.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503209998                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,451.63    Yes           2YP                       48.31   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210000                    65.71   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,593.75    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210002                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,372.50    No            NO                        39.88   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        3.000
2503210019                    95.00   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270         3,439.89    Yes           3YP                       45.18   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210030                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895           738.13    Yes           1YP                       43.60   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210031                    73.75   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995           629.33    Yes           3YP                       34.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210042                    55.52   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         1,619.33    Yes           3YP                       40.50   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210043                    85.00   MI                    LPMI                 22                                  6.750            0.250        0.030     0.740               1.020                             5.730         2,199.38    Yes           3YP                       40.91   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210044                    79.12   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770         1,815.00    Yes           3YP                       26.96   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210061                    72.57   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,647.44    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210069                    58.07   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,928.68    Yes           3YP                       50.50   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210072                    43.21   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,014.69    No            NO                         0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210077                    95.00   No MI                 NO MI                 0                                  7.400            0.375        0.030     0.000               0.405                             6.995           740.00    No            NO                        45.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210078                    95.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,216.83    Yes           3YP                       45.00   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503210097                    99.99   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         2,000.05    No            NO                        47.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503210111                    46.15   No MI                 NO MI                 0                                  6.290            0.250        0.030     0.000               0.280                             6.010         1,547.29    No            NO                        39.08   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210121                    80.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,531.67    Yes           3YP                       49.83   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210125                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585           938.33    Yes           3YP                       47.12   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210134                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,237.50    Yes           3YP                       42.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210138                    77.92   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,718.75    Yes           2YP                       34.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210140                    95.00   MI                    LPMI                 30                                  8.990            0.375        0.030     0.630               1.035                             7.955         2,597.74    No            NO                        40.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210142                    75.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720           948.06    Yes           1YP                       32.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210147                   100.00   No MI                 NO MI                 0                                  5.790            0.375        0.030     0.000               0.405                             5.385         1,317.23    No            NO                        42.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210159                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,406.25    Yes           3YP                       40.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210184                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,330.00    No            NO                        39.57   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210189                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,234.37    No            NO                        27.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210190                    80.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         2,816.00    Yes           3YP                       33.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210210                    90.00   MI                    LPMI                 25                                 10.150            0.250        0.030     0.720               1.000                             9.150         1,439.66    Yes           2YP                       42.79   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210212                    84.93   MI                    LPMI                 22                                  6.650            0.375        0.030     0.900               1.305                             5.345         1,576.60    Yes           3YP                       40.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503210217                    95.00   MI                    BPMI                 30                                  7.000            0.375        0.030     0.000               0.405                             6.595           852.59    No            NO                        31.23   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210231                   100.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           917.42    No            NO                        44.45   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210233                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,885.00    Yes           3YP                       46.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210243                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,320.16    Yes           1YP                       29.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210257                   100.00   No MI                 NO MI                 0                                  7.850            0.375        0.030     0.000               0.405                             7.445         3,009.17    No            NO                        37.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210268                    85.00   MI                    LPMI                 22                                  8.950            0.375        0.030     0.890               1.295                             7.655           824.15    No            NO                        44.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210275                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,513.33    Yes           3YP                       49.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210287                   100.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,608.53    Yes           3YP                       43.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210288                    82.57   MI                    LPMI                 22                                  6.875            0.250        0.030     0.640               0.920                             5.955         1,769.76    Yes           3YP                       38.28   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210293                    89.97   No MI                 NO MI                 0                                  7.070            0.375        0.030     0.000               0.405                             6.665         1,015.72    Yes           3YP                       47.01   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210296                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,115.36    Yes           1YP                       39.01   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.610
2503210297                    75.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,381.25    Yes           3YP                       42.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210303                   100.00   No MI                 NO MI                 0                                  6.945            0.375        0.030     0.000               0.405                             6.540         1,957.62    Yes           3YP                       49.99   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090301                                        24        3.000
2503210320                    76.23   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,052.08    Yes           1YP                       38.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210342                   100.00   No MI                 NO MI                 0                                  7.040            0.250        0.030     0.000               0.280                             6.760           983.84    Yes           1YP                       38.70   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503210346                    82.97   MI                    LPMI                 22                                  6.800            0.375        0.030     0.750               1.155                             5.645         1,490.33    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503210348                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,378.17    No            NO                        43.69   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210350                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,720.00    Yes           2YP                       46.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210365                    74.13   No MI                 NO MI                 0                                  5.930            0.250        0.030     0.000               0.280                             5.650         1,373.78    Yes           2YP                       38.41   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210377                    52.69   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270           870.44    Yes           3YP                       23.95   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210390                    85.00   MI                    LPMI                 12                                  6.475            0.250        0.030     0.470               0.750                             5.725         2,384.96    Yes           3YP                       23.55   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503210391                    55.22   No MI                 NO MI                 0                                  6.355            0.250        0.030     0.000               0.280                             6.075           979.73    Yes           3YP                       19.95   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503210393                   100.00   No MI                 NO MI                 0                                  7.450            0.375        0.030     0.000               0.405                             7.045         3,720.03    No            NO                        34.63   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.875
2503210404                    45.05   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,497.27    Yes           1YP                       29.88   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210406                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         3,331.90    Yes           1YP                       43.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210409                    90.00   No MI                 NO MI                 0                                  5.575            0.375        0.030     0.000               0.405                             5.170         2,137.08    Yes           3YP                       22.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210421                    79.81   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         1,745.44    Yes           3YP                       39.56   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210445                    46.21   No MI                 NO MI                 0                                  5.534            0.250        0.030     0.000               0.280                             5.254           763.70    Yes           3YP                       34.91   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210451                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,000.00    Yes           2YP                       42.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210457                   100.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,400.97    No            NO                        48.08   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210458                    66.37   No MI                 NO MI                 0                                  5.909            0.375        0.030     0.000               0.405                             5.504         1,846.56    Yes           3YP                        0.00   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
2503210465                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,909.01    Yes           3YP                       47.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210469                    70.84   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,822.71    Yes           3YP                       39.54   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210487                    95.00   No MI                 NO MI                 0                                  6.495            0.375        0.030     0.000               0.405                             6.090           919.18    Yes           3YP                       43.73   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210493                    84.33   MI                    BPMI                 22                                  5.800            0.375        0.030     0.000               0.405                             5.395         1,467.26    Yes           3YP                       41.36   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210503                    76.23   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           988.96    Yes           3YP                       44.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210505                    75.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,392.19    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210511                    70.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,900.28    Yes           1YP                       43.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210520                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,291.67    No            NO                        41.60   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503210527                    67.97   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         3,807.68    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210533                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,863.33    No            NO                        33.77   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503210540                    95.00   No MI                 NO MI                 0                                  7.330            0.375        0.030     0.000               0.405                             6.925         2,037.05    No            NO                        44.35   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210546                    99.95   No MI                 NO MI                 0                                  7.480            0.375        0.030     0.000               0.405                             7.075           877.65    Yes           3YP                       37.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210555                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,677.00    Yes           3YP                       47.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503210561                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,285.63    Yes           2YP                       44.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210570                    46.67   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710           930.48    Yes           3YP                       44.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210572                    82.67   MI                    LPMI                 22                                  6.600            0.250        0.030     0.390               0.670                             5.930         2,375.81    Yes           3YP                       44.48   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210577                    73.92   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,881.86    No            NO                        34.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210579                    94.80   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         2,227.75    Yes           3YP                       49.48   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210597                    99.99   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,533.94    Yes           3YP                       44.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210609                    30.34   No MI                 NO MI                 0                                  5.125            0.375        0.030     0.000               0.405                             4.720         1,879.17    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210623                    60.03   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         2,494.46    No            NO                        32.20   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210625                    90.00   MI                    LPMI                 25                                  8.900            0.375        0.030     0.670               1.075                             7.825         1,069.36    Yes           2YP                       41.58   2/6 LIBOR                                             LIBOR                         6                6                          20090301                                        24        3.650
2503210637                   100.00   No MI                 NO MI                 0                                  6.734            0.375        0.030     0.000               0.405                             6.329         3,120.09    No            NO                        41.22   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210640                    66.02   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,671.67    No            NO                        34.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210648                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,375.00    Yes           3YP                       48.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210666                    85.00   MI                    LPMI                 22                                  8.410            0.375        0.030     1.000               1.405                             7.005         1,667.98    Yes           3YP                       48.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.000
2503210668                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,771.88    Yes           3YP                       46.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210672                   100.00   No MI                 NO MI                 0                                  6.680            0.375        0.030     0.000               0.405                             6.275         1,586.50    No            NO                        44.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210674                    86.65   No MI                 NO MI                 0                                  6.370            0.375        0.030     0.000               0.405                             5.965         1,572.59    Yes           3YP                       44.96   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210691                    71.19   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,146.25    No            NO                        42.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210693                    81.43   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,536.31    No            NO                        16.63   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210707                    76.36   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,384.51    Yes           3YP                       49.07   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210718                    69.92   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         2,840.44    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210722                    89.27   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,058.77    Yes           1YP                       42.97   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210726                    72.41   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         1,418.08    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503210732                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,393.44    Yes           1YP                       44.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210746                    72.27   No MI                 NO MI                 0                                  6.175            0.375        0.030     0.000               0.405                             5.770         2,591.96    No            NO                        35.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210757                    89.76   MI                    LPMI                 25                                  6.250            0.375        0.030     0.770               1.175                             5.075         1,916.67    Yes           3YP                       38.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.750
2503210765                   100.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         3,426.80    No            NO                        48.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210767                    79.23   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         1,607.08    Yes           2YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503210789                   100.00   No MI                 NO MI                 0                                  7.160            0.250        0.030     0.000               0.280                             6.880         1,298.08    No            NO                        46.99   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210791                    70.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,317.71    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210806                    58.33   No MI                 NO MI                 0                                  5.890            0.250        0.030     0.000               0.280                             5.610         1,173.10    No            NO                        32.83   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210816                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,543.75    No            NO                        50.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210826                    68.03   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,656.25    Yes           3YP                       38.57   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210828                   100.00   No MI                 NO MI                 0                                  8.450            0.375        0.030     0.000               0.405                             8.045         1,824.65    No            NO                        37.35   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210856                    69.44   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,462.87    Yes           1YP                       32.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210859                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,500.00    Yes           2YP                       34.35   2/6 LIBOR IO                                    60    LIBOR                         6                6                          20090301                                        24        3.875
2503210865                    93.88   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         4,218.75    Yes           2YP                       42.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210875                    93.82   MI                    BPMI                 30                                  6.950            0.250        0.030     0.000               0.280                             6.670         1,608.53    Yes           3YP                       48.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210896                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           877.92    No            NO                        37.32   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210912                   100.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375         2,350.40    Yes           3YP                       44.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210937                    80.00   No MI                 NO MI                 0                                  6.820            0.375        0.030     0.000               0.405                             6.415         1,286.71    Yes           3YP                       40.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503210939                   100.00   No MI                 NO MI                 0                                  6.425            0.375        0.030     0.000               0.405                             6.020         1,970.33    Yes           2YP                       44.02   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503210944                    90.00   MI                    LPMI                 25                                  7.990            0.250        0.030     1.140               1.420                             6.570         1,276.40    Yes           3YP                       34.24   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210949                    57.58   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,804.11    Yes           3YP                       39.01   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503210951                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,216.67    Yes           1YP                       30.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503210957                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,778.44    No            NO                        20.29   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503210968                    75.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,227.92    Yes           2YP                       38.57   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503210983                    89.26   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,898.71    Yes           3YP                       41.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211011                   100.00   No MI                 NO MI                 0                                  6.860            0.375        0.030     0.000               0.405                             6.455         1,479.19    Yes           1YP                       35.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211018                    70.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,631.00    Yes           1YP                       50.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211019                   100.00   No MI                 NO MI                 0                                  7.412            0.375        0.030     0.000               0.405                             7.007           955.22    Yes           1YP                       26.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211025                    80.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595         1,293.52    Yes           3YP                       16.62   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211040                    80.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         5,840.31    Yes           3YP                       40.83   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211041                   100.00   No MI                 NO MI                 0                                  6.325            0.375        0.030     0.000               0.405                             5.920         1,205.70    Yes           2YP                       46.05   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503211057                   100.00   No MI                 NO MI                 0                                  7.320            0.375        0.030     0.000               0.405                             6.915         3,156.75    Yes           2YP                       48.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211061                    61.13   No MI                 NO MI                 0                                  5.715            0.375        0.030     0.000               0.405                             5.310         1,033.46    Yes           3YP                       27.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211067                    58.81   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,492.29    No            NO                        37.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211078                    74.42   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         1,854.38    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211085                    74.22   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,226.20    No            NO                        36.14   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211088                    76.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,603.13    No            NO                        19.96   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211096                    74.13   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,870.83    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211119                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,234.31    Yes           3YP                       39.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211121                    90.00   MI                    LPMI                 25                                  9.500            0.375        0.030     0.570               0.975                             8.525           605.63    Yes           3YP                       16.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.625
2503211137                   100.00   No MI                 NO MI                 0                                  6.350            0.375        0.030     0.000               0.405                             5.945           884.77    Yes           3YP                       41.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211140                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,190.00    Yes           3YP                       36.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211158                   100.00   No MI                 NO MI                 0                                  7.750            0.250        0.030     0.000               0.280                             7.470         3,632.81    Yes           1YP                       38.86   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211161                    70.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,612.92    Yes           2YP                       38.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503211166                    64.59   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         1,179.85    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211168                    80.00   No MI                 NO MI                 0                                  6.240            0.375        0.030     0.000               0.405                             5.835         2,787.20    No            NO                        50.52   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211173                    69.94   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         2,991.83    No            NO                        38.96   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503211178                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,274.69    Yes           2YP                       46.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503211184                    95.00   No MI                 NO MI                 0                                  6.200            0.375        0.030     0.000               0.405                             5.795         2,092.50    Yes           2YP                       43.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211195                   100.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         1,216.25    No            NO                        39.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211210                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,101.10    No            NO                        49.35   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503211225                    65.43   No MI                 NO MI                 0                                  6.180            0.375        0.030     0.000               0.405                             5.775         2,729.50    No            NO                        41.07   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211229                    96.30   No MI                 NO MI                 0                                  8.160            0.375        0.030     0.000               0.405                             7.755           928.20    No            NO                        37.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211239                    65.85   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           773.44    Yes           3YP                       35.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211240                    79.02   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,236.98    Yes           1YP                       47.00   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
2503211251                   100.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,267.20    Yes           3YP                       31.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503211285                   100.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,457.57    Yes           3YP                       47.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503211287                    90.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           865.28    No            NO                        30.54   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        4.000
2503211306                    80.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,479.17    Yes           3YP                       39.84   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211336                    89.80   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         2,448.00    No            NO                         3.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211337                    53.83   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,067.29    Yes           3YP                       32.66   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211341                    28.69   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         1,124.67    Yes           1YP                       39.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211358                   100.00   No MI                 NO MI                 0                                  6.399            0.375        0.030     0.000               0.405                             5.994         2,836.89    Yes           3YP                       37.04   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503211369                    45.05   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         1,247.92    Yes           3YP                       47.25   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211371                   100.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         1,220.92    Yes           3YP                       44.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211372                    78.56   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         4,320.11    Yes           3YP                       36.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211411                    90.00   No MI                 NO MI                 0                                  7.600            0.375        0.030     0.000               0.405                             7.195         1,596.00    No            NO                        34.86   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211421                    90.00   MI                    LPMI                 25                                  6.500            0.375        0.030     0.470               0.875                             5.625         1,291.88    Yes           3YP                       29.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.500
2503211423                    95.00   No MI                 NO MI                 0                                  6.663            0.375        0.030     0.000               0.405                             6.258           666.30    Yes           3YP                       39.76   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211424                   100.00   No MI                 NO MI                 0                                  7.810            0.375        0.030     0.000               0.405                             7.405         3,748.80    No            NO                        49.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211434                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,587.50    Yes           2YP                       43.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211439                    95.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         2,816.00    Yes           3YP                       38.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211441                    68.66   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,150.00    Yes           1YP                       48.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211442                    79.43   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,171.88    No            NO                        36.58   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211445                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,933.08    No            NO                        43.36   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503211454                   100.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         1,491.97    Yes           2YP                       44.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211482                    95.00   No MI                 NO MI                 0                                  6.490            0.375        0.030     0.000               0.405                             6.085         1,176.31    Yes           2YP                       44.43   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211484                    92.11   No MI                 NO MI                 0                                  7.380            0.375        0.030     0.000               0.405                             6.975         3,920.63    No            NO                        34.60   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120201                                        59        3.000
2503211486                   100.00   No MI                 NO MI                 0                                  7.760            0.375        0.030     0.000               0.405                             7.355           887.55    Yes           2YP                       37.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211494                    85.90   MI                    LPMI                 25                                  7.700            0.250        0.030     0.840               1.120                             6.580         2,541.70    Yes           3YP                       40.81   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211517                    61.95   No MI                 NO MI                 0                                  7.030            0.375        0.030     0.000               0.405                             6.625         2,569.28    Yes           2YP                       40.46   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503211551                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           974.79    Yes           3YP                       47.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211552                    59.99   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,911.25    Yes           2YP                       36.50   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211555                    92.00   No MI                 NO MI                 0                                  6.740            0.375        0.030     0.000               0.405                             6.335         2,780.25    No            NO                        38.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211560                    74.95   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,010.42    Yes           3YP                       34.91   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211571                    84.59   MI                    LPMI                 12                                  8.750            0.250        0.030     0.740               1.020                             7.730         2,029.69    No            NO                        39.23   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211577                    68.13   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,872.92    Yes           5YP                       35.70   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211587                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,955.00    Yes           2YP                       49.43   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211595                    70.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,507.29    Yes           1YP                        0.00   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
2503211609                    32.30   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           638.91    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211614                    90.00   MI                    LPMI                 25                                  9.163            0.375        0.030     0.970               1.375                             7.788         1,459.93    Yes           1YP                       46.89   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.750
2503211619                    40.43   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         2,918.29    Yes           3YP                       36.12   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211630                    65.75   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,969.47    No            NO                        29.40   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503211632                    54.64   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           992.36    Yes           2YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211640                    80.00   No MI                 NO MI                 0                                  5.927            0.250        0.030     0.000               0.280                             5.647         1,998.75    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211651                    68.10   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,784.27    No            NO                        33.82   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211664                    80.00   No MI                 NO MI                 0                                  7.705            0.375        0.030     0.000               0.405                             7.300         2,825.17    Yes           2YP                       37.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211665                    90.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,218.75    Yes           3YP                       43.06   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211666                    89.73   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         1,567.97    No            NO                        30.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211673                    62.14   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720           980.00    No            NO                        28.07   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211676                    79.50   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710           793.68    Yes           3YP                       26.66   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211685                    95.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           959.93    Yes           3YP                       42.61   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211688                    75.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         2,443.60    No            NO                        35.24   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211714                    80.00   No MI                 NO MI                 0                                  7.400            0.375        0.030     0.000               0.405                             6.995         1,783.57    Yes           2YP                       42.28   2/6 LIBOR                                             LIBOR                         6                6                          20090301                                        24        3.000
2503211736                   100.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,100.00    Yes           3YP                       45.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211750                    80.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,429.17    Yes           2YP                       40.86   3/6 LIBOR                                             LIBOR                         6                6                          20100301                                        36        3.000
2503211764                    80.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,755.83    Yes           3YP                       45.97   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211770                    65.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         2,047.50    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211778                    97.73   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,679.69    No            NO                        36.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211783                   100.00   No MI                 NO MI                 0                                  5.600            0.375        0.030     0.000               0.405                             5.195         4,461.33    Yes           1YP                       38.36   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503211788                   100.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         1,477.67    Yes           2YP                       41.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211791                    55.56   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,604.17    Yes           3YP                       54.61   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211813                    90.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545           875.70    Yes           3YP                       48.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211826                    90.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,578.70    No            NO                        42.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211835                    69.71   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           686.25    Yes           2YP                       50.10   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211849                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,796.00    Yes           1YP                       37.04   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211861                    95.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,812.65    No            NO                        46.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211862                    80.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,310.83    Yes           2YP                        0.00   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.875
2503211876                    90.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970           706.05    No            NO                        44.46   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211884                   100.00   No MI                 NO MI                 0                                  7.510            0.375        0.030     0.000               0.405                             7.105         1,502.00    Yes           3YP                       39.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211890                    55.07   No MI                 NO MI                 0                                  5.625            0.375        0.030     0.000               0.405                             5.220         1,959.38    Yes           1YP                       41.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211897                    80.00   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         2,652.15    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211911                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,380.50    No            NO                        43.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211913                    54.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,269.00    No            NO                        29.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211922                    69.45   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,176.02    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211924                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           586.59    Yes           3YP                       40.23   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211927                    74.87   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           922.82    No            NO                        44.84   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211931                    49.29   No MI                 NO MI                 0                                  5.799            0.250        0.030     0.000               0.280                             5.519         1,512.57    No            NO                        28.69   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211939                    68.97   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,208.33    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211953                    60.37   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,411.46    No            NO                        32.15   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503211957                    70.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,021.98    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211961                    86.69   MI                    BPMI                 25                                  6.500            0.250        0.030     0.000               0.280                             6.220           660.51    Yes           3YP                       49.70   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211965                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         4,453.12    No            NO                        39.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503211975                    66.59   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,526.04    Yes           1YP                       39.96   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503211976                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,108.33    Yes           3YP                       45.12   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503211977                    65.00   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,920.78    Yes           3YP                       42.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503211986                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,564.06    Yes           3YP                       37.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503211987                    48.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585           898.50    Yes           3YP                       46.47   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.250
2503212006                    90.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         2,039.33    Yes           3YP                       33.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212011                    55.78   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,545.45    No            NO                        22.69   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212016                    95.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,236.60    Yes           2YP                       27.83   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212021                   100.00   No MI                 NO MI                 0                                  5.250            0.375        0.030     0.000               0.405                             4.845         1,627.50    No            NO                        43.77   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212024                    95.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,085.00    No            NO                        43.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.625
2503212047                    69.57   No MI                 NO MI                 0                                  6.225            0.375        0.030     0.000               0.405                             5.820         1,696.31    Yes           2YP                       40.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212049                    74.50   No MI                 NO MI                 0                                  5.930            0.375        0.030     0.000               0.405                             5.525         3,147.84    No            NO                        35.13   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212052                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,466.25    Yes           1YP                       33.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212065                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           745.33    Yes           1YP                       40.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212092                    62.50   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,447.92    Yes           1YP                       38.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212098                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595           992.63    Yes           3YP                       49.79   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212114                    95.00   MI                    BPMI                 30                                  8.090            0.250        0.030     0.000               0.280                             7.810         1,230.33    Yes           1YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212117                    49.88   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,456.71    Yes           1YP                       35.02   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212123                   100.00   No MI                 NO MI                 0                                  7.650            0.250        0.030     0.000               0.280                             7.370           683.40    No            NO                        49.06   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212168                    79.98   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,057.39    Yes           3YP                       43.57   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212176                    75.00   No MI                 NO MI                 0                                  8.875            0.375        0.030     0.000               0.405                             8.470         1,142.63    No            NO                        49.57   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.875
2503212179                    68.97   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,336.74    Yes           3YP                       43.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212190                    80.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,661.23    Yes           3YP                       40.76   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212204                    80.00   No MI                 NO MI                 0                                  8.000            0.250        0.030     0.000               0.280                             7.720         1,280.00    Yes           1YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212205                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,430.00    No            NO                        42.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212207                    99.78   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         1,692.03    Yes           3YP                       41.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212211                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495           865.38    No            NO                        47.53   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212213                    40.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           520.84    Yes           3YP                       43.32   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212227                    90.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,176.88    No            NO                        36.66   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212233                   100.00   No MI                 NO MI                 0                                  7.550            0.375        0.030     0.000               0.405                             7.145         1,377.18    No            NO                        39.67   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212242                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,150.83    Yes           1YP                       48.97   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212244                    79.37   No MI                 NO MI                 0                                  7.200            0.250        0.030     0.000               0.280                             6.920         3,000.00    Yes           3YP                       50.32   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212245                    80.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,214.17    Yes           2YP                       36.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212253                    95.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095           629.06    Yes           3YP                       33.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212255                    80.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595           986.09    Yes           3YP                       15.29   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212260                   100.00   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         2,635.33    No            NO                        45.28   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212268                    99.79   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,673.71    Yes           3YP                       38.84   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212274                   100.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         3,567.20    No            NO                        44.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212310                    99.99   No MI                 NO MI                 0                                  6.430            0.375        0.030     0.000               0.405                             6.025         2,614.60    Yes           1YP                       43.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212312                    70.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,183.85    Yes           3YP                       41.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212319                    70.00   No MI                 NO MI                 0                                  5.450            0.375        0.030     0.000               0.405                             5.045         1,526.00    Yes           3YP                       50.93   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212327                    56.25   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695           915.00    Yes           3YP                       27.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212330                   100.00   No MI                 NO MI                 0                                  7.550            0.375        0.030     0.000               0.405                             7.145         1,449.60    Yes           3YP                       45.61   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212333                    95.00   No MI                 NO MI                 0                                  6.775            0.375        0.030     0.000               0.405                             6.370         1,317.01    No            NO                        39.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212334                    94.11   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445         1,819.53    No            NO                        17.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212343                    63.60   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,179.62    No            NO                        39.91   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503212350                    75.00   No MI                 NO MI                 0                                  6.660            0.250        0.030     0.000               0.280                             6.380         1,019.81    Yes           3YP                       34.56   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212351                    80.00   No MI                 NO MI                 0                                  5.500            0.375        0.030     0.000               0.405                             5.095         1,686.67    Yes           2YP                       22.14   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212366                    80.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         2,981.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212375                   100.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         1,620.94    Yes           3YP                       45.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503212387                   100.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645         2,393.53    Yes           3YP                       42.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503212401                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         4,080.00    Yes           3YP                       47.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212425                    56.13   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,739.58    Yes           3YP                       26.36   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212436                    89.71   No MI                 NO MI                 0                                  5.870            0.375        0.030     0.000               0.405                             5.465         2,250.17    No            NO                        37.23   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212439                    68.92   No MI                 NO MI                 0                                  6.490            0.250        0.030     0.000               0.280                             6.210         1,379.13    Yes           3YP                       30.75   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212450                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         1,351.40    Yes           1YP                       36.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212456                    99.98   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,226.56    Yes           3YP                       41.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212457                    75.68   No MI                 NO MI                 0                                  6.956            0.250        0.030     0.000               0.280                             6.676         1,211.75    Yes           3YP                        0.00   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212466                   100.00   No MI                 NO MI                 0                                  6.555            0.375        0.030     0.000               0.405                             6.150         1,758.92    Yes           3YP                       48.35   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212475                    85.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,109.38    Yes           3YP                       45.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212498                   100.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         3,266.66    No            NO                        38.94   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.875
2503212532                    99.98   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545           936.63    Yes           2YP                       34.84   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212542                   100.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         2,527.78    Yes           1YP                       42.24   2/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20090301                                        24        3.000
2503212549                    46.95   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         4,361.82    Yes           3YP                       27.61   20YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212563                   100.00   No MI                 NO MI                 0                                  6.470            0.375        0.030     0.000               0.405                             6.065         2,911.50    Yes           1YP                       37.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212582                    56.35   No MI                 NO MI                 0                                  5.890            0.250        0.030     0.000               0.280                             5.610         2,103.36    Yes           3YP                       41.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212586                    95.00   No MI                 NO MI                 0                                  7.460            0.375        0.030     0.000               0.405                             7.055         1,096.95    No            NO                        45.91   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212587                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         3,989.67    Yes           3YP                       47.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212611                    95.00   No MI                 NO MI                 0                                  6.983            0.375        0.030     0.000               0.405                             6.578         2,444.05    No            NO                        41.15   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212617                    99.99   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945         3,874.78    Yes           3YP                       48.83   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212623                    95.00   No MI                 NO MI                 0                                  5.850            0.375        0.030     0.000               0.405                             5.445         3,034.69    Yes           3YP                       42.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212630                    69.37   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,446.14    Yes           2YP                       41.14   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212638                    95.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,990.63    Yes           1YP                       40.52   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212647                    70.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,997.13    Yes           3YP                       45.99   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503212649                    99.75   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,637.06    No            NO                        25.79   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212651                    94.91   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         1,559.04    Yes           3YP                       39.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212655                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,989.00    Yes           3YP                       45.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212677                   100.00   No MI                 NO MI                 0                                  7.030            0.375        0.030     0.000               0.405                             6.625         1,476.30    Yes           3YP                       47.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212679                    80.00   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         1,201.50    No            NO                        49.31   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503212685                    45.18   No MI                 NO MI                 0                                  5.750            0.250        0.030     0.000               0.280                             5.470         2,188.40    Yes           3YP                       24.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212691                    50.77   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           777.51    Yes           1YP                       33.97   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503212698                    85.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           812.50    Yes           3YP                       37.77   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212699                    91.49   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,013.97    Yes           3YP                       44.14   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503212712                    74.91   No MI                 NO MI                 0                                  5.843            0.250        0.030     0.000               0.280                             5.563         2,357.98    Yes           3YP                       36.26   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212713                    56.82   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         4,296.88    Yes           3YP                       52.31   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212716                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,235.00    No            NO                        38.34   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212723                    80.00   No MI                 NO MI                 0                                  5.529            0.250        0.030     0.000               0.280                             5.249         2,408.80    Yes           3YP                       32.71   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212725                    95.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,515.63    Yes           3YP                       34.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212727                    90.00   MI                    LPMI                 25                                  6.875            0.375        0.030     0.870               1.275                             5.600         2,526.56    Yes           3YP                       33.91   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503212730                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,376.67    Yes           3YP                       41.16   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212744                   100.00   No MI                 NO MI                 0                                  6.740            0.375        0.030     0.000               0.405                             6.335         2,111.87    Yes           1YP                       44.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212750                    69.23   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         4,462.50    Yes           3YP                       42.87   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212767                    69.65   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,138.16    Yes           3YP                       41.41   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.875
2503212783                    90.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         1,466.67    Yes           3YP                       32.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.040
2503212789                    65.38   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         6,445.83    No            NO                        14.56   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503212811                    75.95   No MI                 NO MI                 0                                  7.100            0.250        0.030     0.000               0.280                             6.820         3,772.25    Yes           3YP                       37.34   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212821                    68.89   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,365.94    Yes           3YP                       43.33   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212829                    78.62   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         1,962.33    No            NO                        34.34   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503212852                    75.99   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,885.42    Yes           3YP                       41.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212855                    80.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,103.64    Yes           5YP                       14.24   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503212900                    75.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,234.38    Yes           3YP                       36.69   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503212902                    60.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375           410.19    Yes           2YP                       30.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212911                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           960.63    Yes           3YP                       44.13   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212913                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,118.41    No            NO                        49.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212927                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,275.00    Yes           3YP                       28.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503212935                    80.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670           624.88    No            NO                        40.86   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212940                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         1,340.63    Yes           3YP                       43.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212947                    99.97   No MI                 NO MI                 0                                  6.490            0.375        0.030     0.000               0.405                             6.085           603.84    Yes           3YP                       28.38   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212962                    80.00   No MI                 NO MI                 0                                  7.925            0.375        0.030     0.000               0.405                             7.520         1,981.25    Yes           2YP                       32.68   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503212968                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,380.00    Yes           3YP                       41.26   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212978                   100.00   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         3,076.67    Yes           1YP                       39.48   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503212982                    69.44   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,495.83    No            NO                        39.92   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503212988                   100.00   No MI                 NO MI                 0                                  6.740            0.375        0.030     0.000               0.405                             6.335         1,370.47    Yes           2YP                       44.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213007                    58.82   No MI                 NO MI                 0                                  5.920            0.375        0.030     0.000               0.405                             5.515           986.67    Yes           1YP                       23.08   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503213014                    75.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,218.75    Yes           3YP                       48.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503213015                    80.00   No MI                 NO MI                 0                                  6.570            0.250        0.030     0.000               0.280                             6.290         2,088.31    Yes           1YP                       32.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213029                    53.54   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,885.00    Yes           1YP                       39.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213033                    90.00   No MI                 NO MI                 0                                  7.330            0.375        0.030     0.000               0.405                             6.925         2,061.56    Yes           1YP                       41.94   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213043                    70.00   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         3,893.17    Yes           1YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213056                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,015.00    Yes           2YP                       30.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503213059                    95.84   No MI                 NO MI                 0                                  6.325            0.250        0.030     0.000               0.280                             6.045         2,466.75    Yes           3YP                       46.46   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213070                    72.97   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,587.50    Yes           3YP                       29.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213071                    94.45   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220           938.36    Yes           3YP                       44.94   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213075                   100.00   No MI                 NO MI                 0                                  6.175            0.375        0.030     0.000               0.405                             5.770         1,470.25    Yes           1YP                       35.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213078                    28.17   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710           664.63    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213086                    92.78   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         1,512.00    Yes           3YP                       40.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213090                    80.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         1,357.00    Yes           1YP                       30.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503213100                   100.00   No MI                 NO MI                 0                                  7.050            0.375        0.030     0.000               0.405                             6.645         1,259.60    Yes           2YP                       48.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503213124                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,429.69    No            NO                        45.11   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.500
2503213146                    79.26   No MI                 NO MI                 0                                  6.440            0.375        0.030     0.000               0.405                             6.035         1,446.32    No            NO                        42.87   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213149                   100.00   No MI                 NO MI                 0                                  6.800            0.375        0.030     0.000               0.405                             6.395         3,017.50    Yes           1YP                       49.67   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213150                    45.00   No MI                 NO MI                 0                                  6.545            0.250        0.030     0.000               0.280                             6.265           694.41    Yes           2YP                       32.19   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213153                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,451.95    No            NO                        36.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213160                    58.55   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         2,221.29    No            NO                        43.53   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213167                    95.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,310.12    Yes           3YP                       30.49   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213223                    94.64   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,102.41    No            NO                        37.37   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213229                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,278.85    Yes           2YP                       38.95   2/6 LIBOR                                             LIBOR                         6                6                          20090301                                        24        3.875
2503213239                    29.46   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         4,125.00    Yes           1YP                       39.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213244                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         4,153.33    No            NO                        40.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213257                    79.24   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         2,686.67    No            NO                        38.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503213272                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,057.50    Yes           3YP                       38.30   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213288                    70.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,174.48    Yes           3YP                       41.12   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213317                    69.72   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         1,648.89    Yes           3YP                       27.65   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213322                    69.28   No MI                 NO MI                 0                                  5.525            0.375        0.030     0.000               0.405                             5.120         1,547.00    No            NO                        43.17   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213324                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,597.29    Yes           3YP                       45.45   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213327                    95.00   No MI                 NO MI                 0                                  7.310            0.375        0.030     0.000               0.405                             6.905           470.58    No            NO                        38.29   7/6 LIBOR IO                                   120    LIBOR                         6                6                          20140301                                        84        3.000
2503213342                    65.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,478.75    No            NO                        47.85   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503213351                    80.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,184.17    Yes           3YP                       38.08   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503213359                   100.00   No MI                 NO MI                 0                                  7.075            0.375        0.030     0.000               0.405                             6.670           839.71    Yes           2YP                       37.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213387                    97.73   No MI                 NO MI                 0                                  6.150            0.375        0.030     0.000               0.405                             5.745         1,804.00    Yes           2YP                       42.69   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503213398                    50.99   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         2,370.51    Yes           3YP                       47.13   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213402                   100.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           940.72    Yes           3YP                       41.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213406                    93.12   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         3,736.24    No            NO                         0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503213417                   100.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         2,875.00    Yes           2YP                       46.15   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503213430                   100.00   No MI                 NO MI                 0                                  6.350            0.375        0.030     0.000               0.405                             5.945         2,986.73    Yes           1YP                       44.55   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503213436                    85.00   MI                    LPMI                 12                                  6.890            0.375        0.030     0.640               1.045                             5.845         1,966.81    Yes           3YP                       20.79   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.625
2503213441                   100.00   No MI                 NO MI                 0                                  6.880            0.375        0.030     0.000               0.405                             6.475         2,926.29    Yes           1YP                       41.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213457                    79.04   No MI                 NO MI                 0                                  6.210            0.375        0.030     0.000               0.405                             5.805         2,098.46    Yes           1YP                       38.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213465                    87.50   MI                    LPMI                 25                                  6.325            0.375        0.030     0.870               1.275                             5.050         1,475.83    Yes           3YP                       42.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503213466                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,776.67    No            NO                        43.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503213468                    57.31   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         2,712.20    Yes           3YP                       47.09   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213491                    59.06   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,228.85    Yes           3YP                       30.76   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213497                    81.86   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         3,947.27    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503213506                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,868.67    Yes           2YP                       47.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503213524                    99.99   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,952.50    Yes           1YP                       48.62   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213542                   100.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,441.25    No            NO                        38.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213550                    86.44   No MI                 NO MI                 0                                  5.800            0.250        0.030     0.000               0.280                             5.520         1,912.81    Yes           3YP                       34.35   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213555                    67.65   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920         1,782.50    Yes           3YP                        0.00   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503213567                   100.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145           991.16    Yes           1YP                       42.75   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503213570                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         4,062.50    Yes           3YP                       41.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        4.000
2503213597                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,946.47    Yes           3YP                       38.89   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503213603                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,948.33    No            NO                        38.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503213616                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,563.00    No            NO                        49.84   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213623                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         1,306.67    Yes           3YP                       36.74   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503213626                    40.47   No MI                 NO MI                 0                                  6.670            0.250        0.030     0.000               0.280                             6.390         1,106.46    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213640                    80.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,675.00    No            NO                        42.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213641                    90.00   No MI                 NO MI                 0                                  9.999            0.375        0.030     0.000               0.405                             9.594           845.75    Yes           2YP                       30.63   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503213647                    84.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995           677.33    Yes           2YP                       42.79   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503213659                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         1,999.50    Yes           3YP                       44.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503213669                    95.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,187.50    Yes           3YP                       46.45   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213681                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,825.33    Yes           1YP                       38.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213718                   100.00   No MI                 NO MI                 0                                  6.490            0.375        0.030     0.000               0.405                             6.085         1,143.50    Yes           3YP                       10.18   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503213719                    99.99   No MI                 NO MI                 0                                  7.350            0.375        0.030     0.000               0.405                             6.945         3,205.21    Yes           3YP                       43.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213744                    73.53   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220         1,311.03    Yes           3YP                       33.15   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213751                    36.57   No MI                 NO MI                 0                                  5.875            0.250        0.030     0.000               0.280                             5.595         1,566.67    Yes           3YP                       35.95   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213761                    95.00   No MI                 NO MI                 0                                  7.625            0.375        0.030     0.000               0.405                             7.220         1,976.16    No            NO                        34.86   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503213763                    85.47   MI                    LPMI                 25                                 10.790            0.375        0.030     1.610               2.015                             8.775         4,495.83    Yes           1YP                       42.33   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.375
2503213770                   100.00   No MI                 NO MI                 0                                  7.725            0.375        0.030     0.000               0.405                             7.320         1,570.75    Yes           3YP                       37.34   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213806                    93.94   MI                    LPMI                 22                                  8.125            0.375        0.030     0.790               1.195                             6.930         2,002.81    No            NO                        41.96   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        4.000
2503213807                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585           969.28    Yes           3YP                       42.39   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213813                    40.79   No MI                 NO MI                 0                                  5.500            0.250        0.030     0.000               0.280                             5.220         1,266.48    Yes           3YP                       36.29   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213814                    90.00   MI                    LPMI                 25                                  7.000            0.375        0.030     0.590               0.995                             6.005           862.23    Yes           1YP                       40.56   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503213822                    44.76   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,516.58    No            NO                        15.88   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213832                    94.36   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         4,343.75    No            NO                        40.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213835                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,916.67    No            NO                        39.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213840                    66.97   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         1,444.90    No            NO                        42.76   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213868                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         3,546.67    Yes           3YP                       39.37   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213869                    90.00   MI                    LPMI                 25                                  7.550            0.375        0.030     0.920               1.325                             6.225         1,868.63    Yes           3YP                       39.25   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.750
2503213892                    99.94   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         1,220.48    Yes           3YP                       38.76   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503213893                   100.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,344.00    No            NO                        42.89   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213914                   100.00   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         1,304.46    Yes           3YP                       49.31   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213919                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,565.33    Yes           3YP                       43.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503213930                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,379.69    Yes           1YP                       44.70   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213940                    69.08   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,953.13    Yes           1YP                       46.52   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503213951                    53.07   No MI                 NO MI                 0                                  5.950            0.250        0.030     0.000               0.280                             5.670         3,684.04    No            NO                        34.75   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503213965                   100.00   No MI                 NO MI                 0                                  7.070            0.375        0.030     0.000               0.405                             6.665         1,966.34    No            NO                        46.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213985                    90.00   MI                    LPMI                 25                                  5.875            0.250        0.030     0.460               0.740                             5.135         1,772.84    Yes           3YP                       45.91   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213986                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,479.73    Yes           3YP                       42.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503213999                    93.66   MI                    LPMI                 30                                  6.990            0.375        0.030     1.200               1.605                             5.385         1,118.40    Yes           3YP                       37.64   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        4.125
2503214016                    95.00   MI                    LPMI                 30                                  8.500            0.375        0.030     1.180               1.585                             6.915         1,547.04    Yes           3YP                       40.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.750
2503214017                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845           625.00    Yes           3YP                       31.59   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214018                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           875.61    No            NO                        38.49   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214031                    95.00   No MI                 NO MI                 0                                  7.615            0.375        0.030     0.000               0.405                             7.210         1,070.86    Yes           3YP                       30.87   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        2.750
2503214046                    60.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595           975.00    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214051                    95.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875         3,361.19    No            NO                        39.01   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214059                    99.98   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,779.88    Yes           1YP                       48.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214072                    94.50   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,335.94    Yes           3YP                       44.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214074                   100.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645           699.21    Yes           3YP                       26.24   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214082                   100.00   No MI                 NO MI                 0                                  8.040            0.375        0.030     0.000               0.405                             7.635         2,713.50    Yes           1YP                       46.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214091                    79.00   No MI                 NO MI                 0                                  7.140            0.375        0.030     0.000               0.405                             6.735         4,465.48    Yes           3YP                       38.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503214103                    89.99   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345           561.31    No            NO                        42.73   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214115                    77.42   No MI                 NO MI                 0                                  7.990            0.250        0.030     0.000               0.280                             7.710         1,666.95    Yes           2YP                       39.74   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214127                    85.00   MI                    LPMI                 22                                  6.990            0.250        0.030     0.740               1.020                             5.970         1,096.70    Yes           3YP                       15.12   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503214134                    77.99   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720           873.84    Yes           3YP                       43.94   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        3.000
2503214135                   100.00   No MI                 NO MI                 0                                  7.625            0.250        0.030     0.000               0.280                             7.345         1,628.28    Yes           3YP                       48.39   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214136                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,078.33    Yes           1YP                       42.16   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214138                    80.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         1,112.00    Yes           3YP                       38.44   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214140                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         3,148.44    Yes           1YP                       49.02   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214145                    59.20   No MI                 NO MI                 0                                  6.692            0.375        0.030     0.000               0.405                             6.287         1,330.20    Yes           3YP                       34.78   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503214147                    80.00   No MI                 NO MI                 0                                  7.317            0.375        0.030     0.000               0.405                             6.912         1,779.06    Yes           2YP                       17.55   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120301                                        60        3.000
2503214164                    92.78   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         1,797.00    Yes           3YP                       32.09   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503214171                    80.00   No MI                 NO MI                 0                                  7.990            0.250        0.030     0.000               0.280                             7.710         1,639.16    Yes           2YP                       43.66   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214178                    95.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845           990.83    No            NO                        33.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214179                    77.68   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,129.69    Yes           3YP                       37.30   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140301                                        84        3.000
2503214184                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,407.50    Yes           2YP                       49.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503214197                   100.00   No MI                 NO MI                 0                                  7.790            0.375        0.030     0.000               0.405                             7.385         1,956.17    Yes           1YP                       49.89   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214202                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           622.27    No            NO                        48.46   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214226                   100.00   No MI                 NO MI                 0                                  7.480            0.375        0.030     0.000               0.405                             7.075         2,758.25    Yes           1YP                       46.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214230                    95.00   No MI                 NO MI                 0                                  7.280            0.375        0.030     0.000               0.405                             6.875           426.18    No            NO                        48.58   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214237                    95.00   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495           970.31    No            NO                        44.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214248                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,188.29    No            NO                        38.89   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214258                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095           747.50    Yes           2YP                       49.14   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503214262                    80.00   No MI                 NO MI                 0                                  7.580            0.375        0.030     0.000               0.405                             7.175         3,585.55    Yes           3YP                       42.19   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        4.000
2503214284                    85.00   MI                    LPMI                 12                                  7.118            0.250        0.030     0.580               0.860                             6.258         1,134.43    Yes           3YP                       40.56   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503214298                   100.00   No MI                 NO MI                 0                                  8.299            0.375        0.030     0.000               0.405                             7.894         3,760.48    No            NO                        43.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214303                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,117.19    Yes           3YP                       36.62   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214310                   100.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,680.00    Yes           3YP                       35.21   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214315                    90.00   MI                    LPMI                 25                                  9.920            0.375        0.030     1.340               1.745                             8.175         1,569.00    Yes           1YP                       49.12   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503214330                   100.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         1,552.50    No            NO                        46.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214346                    71.74   No MI                 NO MI                 0                                  5.590            0.250        0.030     0.000               0.280                             5.310         1,537.25    Yes           3YP                       38.17   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503214361                   100.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         3,536.00    No            NO                        38.83   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214366                   100.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         1,832.81    Yes           3YP                       41.70   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214393                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         2,561.67    No            NO                        41.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214394                    28.91   No MI                 NO MI                 0                                  5.880            0.250        0.030     0.000               0.280                             5.600         1,882.11    Yes           3YP                        0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214411                   100.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,691.41    Yes           2YP                       41.70   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214421                    95.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           601.29    Yes           1YP                       34.99   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.875
2503214425                   100.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595         3,600.00    Yes           1YP                       46.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214429                    75.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,118.83    Yes           3YP                       33.55   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214433                    67.95   No MI                 NO MI                 0                                  6.450            0.250        0.030     0.000               0.280                             6.170         1,880.06    No            NO                        41.10   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214435                   100.00   No MI                 NO MI                 0                                  7.380            0.375        0.030     0.000               0.405                             6.975           638.83    No            NO                        38.54   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214437                    71.32   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920           976.50    Yes           1YP                       41.39   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503214438                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,301.88    Yes           3YP                       29.53   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503214462                    68.32   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         3,839.92    No            NO                         0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214465                    73.54   No MI                 NO MI                 0                                  6.990            0.250        0.030     0.000               0.280                             6.710         7,927.23    Yes           1YP                       50.00   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214475                    54.55   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,032.50    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214491                    42.50   No MI                 NO MI                 0                                  6.590            0.250        0.030     0.000               0.280                             6.310           542.30    Yes           2YP                       40.36   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214494                    80.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745           915.20    Yes           2YP                       16.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214501                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,643.33    No            NO                        46.31   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214504                    87.38   MI                    LPMI                 25                                  5.650            0.375        0.030     0.760               1.165                             4.485         2,367.07    Yes           3YP                       45.70   3/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20100301                                        36        3.500
2503214507                    48.75   No MI                 NO MI                 0                                  5.975            0.250        0.030     0.000               0.280                             5.695         1,941.88    Yes           3YP                       39.73   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503214527                    22.35   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         1,338.75    Yes           3YP                       46.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214539                    78.13   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,339.51    Yes           2YP                       34.82   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214559                    62.50   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845        10,416.67    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.000
2503214564                   100.00   No MI                 NO MI                 0                                  7.510            0.375        0.030     0.000               0.405                             7.105           703.44    No            NO                        37.91   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214569                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,470.05    Yes           1YP                       49.05   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503214575                    78.82   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,535.42    Yes           1YP                       32.17   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214582                    85.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         1,806.00    Yes           1YP                       42.08   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503214599                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,019.53    Yes           3YP                       43.47   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503214631                   100.00   No MI                 NO MI                 0                                  7.600            0.375        0.030     0.000               0.405                             7.195         3,054.48    No            NO                        45.86   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214652                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,783.44    Yes           3YP                       43.33   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503214658                   100.00   No MI                 NO MI                 0                                  7.800            0.375        0.030     0.000               0.405                             7.395         3,250.00    Yes           2YP                       46.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214663                    88.42   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         2,318.75    Yes           2YP                       53.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214678                    51.90   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,727.74    No            NO                        32.01   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.875
2503214686                   100.00   No MI                 NO MI                 0                                  6.620            0.375        0.030     0.000               0.405                             6.215         2,339.07    No            NO                        40.73   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214690                   100.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,796.00    Yes           3YP                       43.37   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214698                    94.99   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         3,525.24    Yes           1YP                       42.83   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214736                    51.18   No MI                 NO MI                 0                                  5.800            0.375        0.030     0.000               0.405                             5.395         1,051.25    No            NO                        22.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214765                    90.00   No MI                 NO MI                 0                                  6.930            0.250        0.030     0.000               0.280                             6.650           668.87    Yes           2YP                       33.29   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214767                    80.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,500.65    No            NO                        32.60   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503214781                   100.00   No MI                 NO MI                 0                                  8.250            0.375        0.030     0.000               0.405                             7.845         5,048.51    Yes           3YP                       44.26   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503214801                    90.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         2,791.76    Yes           3YP                       39.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214804                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,314.70    Yes           3YP                       44.79   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.875
2503214807                   100.00   No MI                 NO MI                 0                                  8.850            0.375        0.030     0.000               0.405                             8.445         4,130.00    Yes           3YP                       47.53   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214820                    78.98   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         2,259.37    Yes           1YP                       39.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503214828                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,650.00    Yes           3YP                       25.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214835                    95.00   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720         2,545.83    No            NO                        41.56   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214837                    75.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         4,219.72    Yes           2YP                       38.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214849                    74.79   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         2,962.96    Yes           2YP                       38.47   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503214859                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         3,016.25    No            NO                        36.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503214863                   100.00   No MI                 NO MI                 0                                  5.863            0.375        0.030     0.000               0.405                             5.458         1,231.23    Yes           3YP                       35.89   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503214916                    76.52   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,196.33    Yes           3YP                       41.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503214920                    45.32   No MI                 NO MI                 0                                  6.745            0.250        0.030     0.000               0.280                             6.465           871.23    No            NO                        48.27   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503214946                   100.00   No MI                 NO MI                 0                                  8.300            0.375        0.030     0.000               0.405                             7.895         3,563.12    No            NO                        48.41   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503214948                    95.00   No MI                 NO MI                 0                                  6.780            0.375        0.030     0.000               0.405                             6.375           492.82    Yes           2YP                       39.29   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503215015                    80.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970         2,592.50    Yes           3YP                       26.12   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215016                    95.00   No MI                 NO MI                 0                                  6.015            0.375        0.030     0.000               0.405                             5.610           789.47    Yes           3YP                       43.41   6M LIBOR IO                                     60    LIBOR                         6                6                          20071001                                         7        3.000
2503215020                   100.00   No MI                 NO MI                 0                                  7.370            0.250        0.030     0.000               0.280                             7.090         1,226.55    Yes           1YP                       46.09   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215036                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,208.33    Yes           1YP                       49.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215040                    85.00   MI                    BPMI                 22                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,459.52    Yes           3YP                       41.76   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503215054                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         3,359.38    Yes           1YP                       47.81   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.875
2503215072                    78.91   No MI                 NO MI                 0                                  8.125            0.375        0.030     0.000               0.405                             7.720           817.46    Yes           3YP                       43.94   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        3.000
2503215097                    95.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645           758.77    Yes           3YP                       25.06   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215118                   100.00   No MI                 NO MI                 0                                  8.420            0.375        0.030     0.000               0.405                             8.015         4,473.13    Yes           1YP                       48.23   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215120                    91.28   No MI                 NO MI                 0                                  7.110            0.375        0.030     0.000               0.405                             6.705         1,910.81    No            NO                        30.87   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215125                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,132.00    Yes           3YP                       42.29   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215126                    79.94   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           709.22    Yes           3YP                       39.82   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        4.000
2503215127                    95.00   No MI                 NO MI                 0                                  9.990            0.375        0.030     0.000               0.405                             9.585         1,972.87    No            NO                        47.10   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503215150                    89.62   MI                    LPMI                 25                                  8.500            0.375        0.030     1.390               1.795                             6.705         2,018.75    Yes           3YP                       39.77   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        4.125
2503215168                   100.00   No MI                 NO MI                 0                                  6.692            0.375        0.030     0.000               0.405                             6.287         3,366.91    No            NO                        44.62   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215176                    90.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,135.55    No            NO                        12.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215179                    25.38   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220           442.45    Yes           3YP                       25.98   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215183                    88.41   MI                    LPMI                 25                                  6.250            0.375        0.030     0.570               0.975                             5.275         1,588.54    No            NO                        35.69   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.625
2503215190                    95.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595           447.06    Yes           3YP                       41.09   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503215191                    95.00   No MI                 NO MI                 0                                  7.475            0.375        0.030     0.000               0.405                             7.070         1,071.42    Yes           3YP                       37.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215197                    80.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,108.42    Yes           3YP                       42.67   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215198                    83.56   MI                    LPMI                 22                                  7.250            0.375        0.030     1.170               1.575                             5.675         2,978.54    No            NO                        47.29   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100401                                        37        4.000
2503215201                   100.00   No MI                 NO MI                 0                                  6.655            0.375        0.030     0.000               0.405                             6.250         1,641.57    No            NO                        41.63   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.000
2503215209                    90.00   No MI                 NO MI                 0                                  6.940            0.375        0.030     0.000               0.405                             6.535         3,400.60    No            NO                        44.71   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215216                   100.00   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         2,008.67    Yes           1YP                       47.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215232                    68.33   No MI                 NO MI                 0                                  5.950            0.375        0.030     0.000               0.405                             5.545         3,049.38    Yes           3YP                       44.30   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215242                    79.34   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         1,509.77    Yes           3YP                       31.36   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215269                    90.00   MI                    BPMI                 30                                  8.950            0.375        0.030     0.000               0.405                             8.545         1,577.44    Yes           1YP                       44.99   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503215291                   100.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,730.50    Yes           3YP                       39.96   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503215293                    50.00   No MI                 NO MI                 0                                  7.500            0.250        0.030     0.000               0.280                             7.220           524.41    No            NO                         0.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215330                   100.00   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         2,116.47    Yes           3YP                       44.78   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.000
2503215349                    80.00   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445         3,653.33    No            NO                        43.16   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215368                    95.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,212.89    Yes           3YP                       46.19   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503215370                   100.00   No MI                 NO MI                 0                                  7.360            0.375        0.030     0.000               0.405                             6.955         1,614.29    Yes           2YP                       39.21   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503215376                    62.22   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695         2,135.00    Yes           1YP                       42.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215386                    64.91   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,156.25    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215391                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,208.10    Yes           3YP                       49.60   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215398                    90.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345           599.48    Yes           3YP                       44.75   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215412                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,300.50    Yes           2YP                       42.36   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215430                   100.00   No MI                 NO MI                 0                                  5.745            0.375        0.030     0.000               0.405                             5.340         3,412.04    No            NO                        43.95   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215431                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         2,759.10    No            NO                        39.90   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503215436                    95.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,862.50    No            NO                        44.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215437                    54.44   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,252.08    Yes           3YP                       19.45   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215443                    95.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895           590.63    Yes           3YP                       44.74   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215444                    80.00   No MI                 NO MI                 0                                  7.798            0.375        0.030     0.000               0.405                             7.393         1,117.71    Yes           1YP                       49.93   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215461                    90.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245           886.67    Yes           1YP                       38.58   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215476                   100.00   No MI                 NO MI                 0                                  6.180            0.375        0.030     0.000               0.405                             5.775         2,513.20    Yes           3YP                       41.56   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503215479                    90.00   No MI                 NO MI                 0                                  6.850            0.375        0.030     0.000               0.405                             6.445           559.42    No            NO                        33.93   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503215496                    80.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         3,383.59    Yes           3YP                       38.96   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215503                    99.99   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,759.50    Yes           1YP                       49.37   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215504                   100.00   No MI                 NO MI                 0                                  7.095            0.375        0.030     0.000               0.405                             6.690         2,122.56    Yes           3YP                       44.90   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215509                    73.47   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         2,159.15    Yes           1YP                       42.72   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215532                    49.90   No MI                 NO MI                 0                                  6.060            0.250        0.030     0.000               0.280                             5.780         1,508.53    Yes           3YP                       39.70   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215536                    95.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595           912.60    No            NO                        37.91   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        4.000
2503215541                   100.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,070.00    Yes           3YP                       37.36   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100301                                        36        3.000
2503215545                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,485.00    Yes           2YP                       42.80   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.875
2503215551                    64.10   No MI                 NO MI                 0                                  5.900            0.250        0.030     0.000               0.280                             5.620           614.58    Yes           3YP                       31.66   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503215561                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,182.47    No            NO                        40.23   3/6 LIBOR                                             LIBOR                         6                6                          20100401                                        37        3.000
2503215574                    70.00   No MI                 NO MI                 0                                  6.585            0.375        0.030     0.000               0.405                             6.180         2,745.16    Yes           3YP                       24.56   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215579                    95.00   MI                    BPMI                 30                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,214.17    No            NO                        40.40   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.625
2503215592                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         1,979.17    Yes           1YP                       48.72   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215593                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,281.25    Yes           3YP                       47.03   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215604                    67.23   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270         1,016.58    No            NO                        36.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215625                    90.00   No MI                 NO MI                 0                                  6.990            0.375        0.030     0.000               0.405                             6.585         2,339.50    Yes           1YP                       36.54   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215642                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,156.25    No            NO                        43.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215650                    90.00   MI                    BPMI                 25                                 10.990            0.375        0.030     0.000               0.405                            10.585         1,909.80    No            NO                        34.95   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        5.550
2503215656                    30.77   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,297.20    Yes           3YP                       30.13   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215663                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,632.50    Yes           1YP                       46.83   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215683                    70.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545           790.56    Yes           3YP                        0.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215699                    95.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,997.50    No            NO                        31.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215716                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,497.50    Yes           3YP                       45.00   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.500
2503215718                    75.00   No MI                 NO MI                 0                                  7.250            0.250        0.030     0.000               0.280                             6.970         1,223.44    Yes           3YP                        0.00   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503215723                    84.93   MI                    LPMI                 22                                  5.950            0.375        0.030     0.560               0.965                             4.985         2,893.19    No            NO                        44.52   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100301                                        36        3.000
2503215725                   100.00   No MI                 NO MI                 0                                  7.160            0.375        0.030     0.000               0.405                             6.755         4,475.00    No            NO                        38.15   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215726                   100.00   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         1,850.71    No            NO                        44.44   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215728                    84.57   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995           682.67    Yes           2YP                       42.78   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215731                   100.00   No MI                 NO MI                 0                                  6.690            0.375        0.030     0.000               0.405                             6.285         2,291.32    Yes           3YP                       43.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.875
2503215734                    80.00   No MI                 NO MI                 0                                  6.450            0.375        0.030     0.000               0.405                             6.045         2,085.50    Yes           3YP                       35.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215744                    41.11   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920           955.83    No            NO                        43.53   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503215750                   100.00   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,065.50    Yes           1YP                       45.23   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503215752                    80.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         3,271.67    Yes           1YP                       40.50   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.875
2503215760                   100.00   No MI                 NO MI                 0                                  7.390            0.375        0.030     0.000               0.405                             6.985         2,783.57    Yes           3YP                       48.98   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.875
2503215790                    90.00   MI                    LPMI                 25                                  7.350            0.375        0.030     1.020               1.425                             5.925         1,212.75    Yes           3YP                       38.13   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.500
2503215803                   100.00   No MI                 NO MI                 0                                  9.050            0.375        0.030     0.000               0.405                             8.645         4,464.67    No            NO                        44.52   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215808                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         3,286.67    No            NO                        44.42   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215820                    99.66   No MI                 NO MI                 0                                  6.430            0.375        0.030     0.000               0.405                             6.025           953.78    Yes           3YP                       30.79   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.750
2503215831                    89.93   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         5,750.00    Yes           3YP                       43.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503215856                    48.91   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,418.70    No            NO                        41.71   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        3.000
2503215862                   100.00   No MI                 NO MI                 0                                  6.350            0.375        0.030     0.000               0.405                             5.945         1,080.63    Yes           3YP                       44.45   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        3.000
2503215889                    95.00   No MI                 NO MI                 0                                  7.200            0.375        0.030     0.000               0.405                             6.795         1,086.06    No            NO                        34.75   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503215891                   100.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         1,476.32    No            NO                        47.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215928                    94.94   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         1,912.50    Yes           3YP                       41.65   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503215945                   100.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970         1,451.95    No            NO                        39.10   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503215957                    94.76   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,759.77    No            NO                        41.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215971                    95.00   No MI                 NO MI                 0                                  7.150            0.375        0.030     0.000               0.405                             6.745         1,108.25    Yes           3YP                       37.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503215993                    94.99   No MI                 NO MI                 0                                  6.750            0.375        0.030     0.000               0.405                             6.345         2,425.78    Yes           1YP                       48.67   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216002                    80.00   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         1,531.31    Yes           3YP                       38.35   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216015                    78.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         2,165.45    Yes           3YP                       37.51   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216019                    95.00   No MI                 NO MI                 0                                  6.375            0.375        0.030     0.000               0.405                             5.970           902.46    No            NO                        35.18   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216028                    99.16   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,054.00    Yes           3YP                       38.39   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216057                    99.99   No MI                 NO MI                 0                                  6.519            0.375        0.030     0.000               0.405                             6.114         1,425.49    Yes           2YP                       37.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216061                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         3,726.56    Yes           2YP                       41.49   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216062                   100.00   No MI                 NO MI                 0                                  7.470            0.250        0.030     0.000               0.280                             7.190         1,587.38    No            NO                        38.44   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503216079                    94.99   No MI                 NO MI                 0                                  7.920            0.375        0.030     0.000               0.405                             7.515         1,167.21    Yes           3YP                       40.64   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216083                   100.00   No MI                 NO MI                 0                                  6.940            0.375        0.030     0.000               0.405                             6.535         1,973.56    Yes           1YP                       43.24   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216088                    45.38   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         1,792.45    Yes           3YP                       47.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216103                    43.55   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720           809.39    Yes           3YP                       37.18   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216125                   100.00   No MI                 NO MI                 0                                  6.250            0.375        0.030     0.000               0.405                             5.845         2,043.86    No            NO                        45.92   5/6 LIBOR 40/30 BAL                                   LIBOR                         6                6                          20120401                                        61        4.000
2503216144                    69.46   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,392.08    Yes           3YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216147                    94.16   No MI                 NO MI                 0                                  6.280            0.375        0.030     0.000               0.405                             5.875         2,983.00    Yes           1YP                       29.97   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.000
2503216150                    94.99   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,214.69    No            NO                        35.43   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503216153                    49.15   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470           709.90    No            NO                        36.28   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216154                    95.00   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         1,020.00    Yes           1YP                       40.01   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.875
2503216167                    55.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         1,082.81    Yes           3YP                       24.30   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503216169                    75.00   No MI                 NO MI                 0                                  6.125            0.375        0.030     0.000               0.405                             5.720         1,225.00    Yes           1YP                       33.59   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503216188                    95.00   No MI                 NO MI                 0                                  6.890            0.375        0.030     0.000               0.405                             6.485         1,024.89    Yes           1YP                       34.46   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216189                    35.43   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         1,630.31    Yes           2YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503216199                   100.00   No MI                 NO MI                 0                                  7.620            0.375        0.030     0.000               0.405                             7.215         1,047.03    No            NO                        40.71   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216251                    90.00   No MI                 NO MI                 0                                  5.900            0.375        0.030     0.000               0.405                             5.495         1,198.44    Yes           2YP                       36.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216252                    70.00   No MI                 NO MI                 0                                  5.990            0.250        0.030     0.000               0.280                             5.710         1,770.96    Yes           3YP                       28.28   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216259                    99.98   No MI                 NO MI                 0                                  7.100            0.375        0.030     0.000               0.405                             6.695         1,424.04    No            NO                        49.69   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216266                    99.99   No MI                 NO MI                 0                                  8.100            0.250        0.030     0.000               0.280                             7.820         2,245.21    No            NO                        38.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216269                    94.99   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         1,556.88    No            NO                        47.78   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
2503216282                    77.58   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,386.67    Yes           3YP                       29.05   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.875
2503216295                   100.00   No MI                 NO MI                 0                                  7.360            0.375        0.030     0.000               0.405                             6.955         2,714.00    Yes           1YP                       47.85   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216296                   100.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         3,678.80    Yes           1YP                       43.67   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216308                    54.95   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970           923.58    Yes           3YP                       30.00   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216315                    93.40   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         1,538.33    Yes           3YP                       41.10   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216337                    90.00   MI                    LPMI                 25                                  7.500            0.250        0.030     1.340               1.620                             5.880         1,265.63    Yes           3YP                       22.92   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503216340                    95.00   No MI                 NO MI                 0                                  7.155            0.375        0.030     0.000               0.405                             6.750         2,184.66    No            NO                        21.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216348                    50.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470           875.61    Yes           2YP                       31.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216391                   100.00   No MI                 NO MI                 0                                  8.750            0.375        0.030     0.000               0.405                             8.345         2,076.89    No            NO                        38.29   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216397                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,990.00    Yes           3YP                       43.41   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.000
2503216406                   100.00   No MI                 NO MI                 0                                  6.100            0.375        0.030     0.000               0.405                             5.695         1,809.67    Yes           3YP                       44.40   3/6 LIBOR IO                                   120    LIBOR                         6                6                          20100401                                        37        3.875
2503216412                    80.00   No MI                 NO MI                 0                                  6.050            0.375        0.030     0.000               0.405                             5.645         1,310.83    No            NO                        42.68   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216413                    95.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         2,420.00    Yes           3YP                       43.41   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216438                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         4,062.50    No            NO                        38.54   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216457                    80.00   No MI                 NO MI                 0                                  7.375            0.250        0.030     0.000               0.280                             7.095         2,486.43    No            NO                        49.75   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216465                    69.59   No MI                 NO MI                 0                                  5.990            0.375        0.030     0.000               0.405                             5.585         3,014.97    Yes           3YP                       43.05   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120301                                        60        3.000
2503216474                    75.00   No MI                 NO MI                 0                                  5.875            0.375        0.030     0.000               0.405                             5.470         2,827.34    Yes           3YP                       42.49   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216504                   100.00   No MI                 NO MI                 0                                  7.250            0.375        0.030     0.000               0.405                             6.845         1,653.91    No            NO                        44.22   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216506                    64.05   No MI                 NO MI                 0                                  5.815            0.375        0.030     0.000               0.405                             5.410         1,226.00    No            NO                        35.07   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503216509                    80.00   No MI                 NO MI                 0                                  5.750            0.375        0.030     0.000               0.405                             5.345         2,865.42    No            NO                        47.95   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216524                    95.00   No MI                 NO MI                 0                                  8.000            0.375        0.030     0.000               0.405                             7.595           773.33    Yes           1YP                       33.11   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216536                    91.84   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         4,483.54    No            NO                        38.88   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216541                   100.00   No MI                 NO MI                 0                                  6.780            0.250        0.030     0.000               0.280                             6.500         1,649.80    Yes           3YP                       36.85   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
2503216552                    99.99   No MI                 NO MI                 0                                  6.550            0.375        0.030     0.000               0.405                             6.145         1,003.79    Yes           3YP                       37.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216573                    95.00   No MI                 NO MI                 0                                  7.375            0.375        0.030     0.000               0.405                             6.970           569.81    Yes           1YP                       20.41   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        3.000
2503216578                    50.30   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         1,042.91    No            NO                        15.65   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216643                    90.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,721.88    Yes           3YP                       32.81   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216644                    52.05   No MI                 NO MI                 0                                  6.400            0.375        0.030     0.000               0.405                             5.995         2,432.00    Yes           1YP                       41.81   7/6 LIBOR IO                                    60    LIBOR                         6                6                          20140401                                        85        3.000
2503216655                    73.16   No MI                 NO MI                 0                                  6.000            0.375        0.030     0.000               0.405                             5.595         3,475.00    Yes           1YP                       45.55   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503216657                    85.00   No MI                 NO MI                 0                                  8.190            0.375        0.030     0.000               0.405                             7.785         7,644.00    No            NO                        20.05   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216658                    75.00   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720         2,001.40    Yes           2YP                       35.92   40/30 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216661                    99.99   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,156.25    No            NO                         0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216671                    85.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         3,071.25    Yes           3YP                       38.22   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216711                   100.00   No MI                 NO MI                 0                                  7.000            0.375        0.030     0.000               0.405                             6.595         2,730.00    Yes           3YP                       43.28   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216725                    64.04   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470         1,632.81    Yes           2YP                       34.19   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503216767                   100.00   No MI                 NO MI                 0                                  7.450            0.375        0.030     0.000               0.405                             7.045         1,748.27    Yes           2YP                       47.26   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503216815                    95.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,522.00    Yes           3YP                       44.04   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216830                    95.00   No MI                 NO MI                 0                                  6.300            0.375        0.030     0.000               0.405                             5.895         2,625.00    Yes           3YP                       46.60   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503216846                   100.00   No MI                 NO MI                 0                                  6.055            0.375        0.030     0.000               0.405                             5.650         1,089.90    Yes           3YP                       42.66   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.875
2503216860                   100.00   No MI                 NO MI                 0                                  7.950            0.375        0.030     0.000               0.405                             7.545         3,061.71    No            NO                        45.26   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216863                    90.00   No MI                 NO MI                 0                                  6.692            0.375        0.030     0.000               0.405                             6.287         2,087.90    No            NO                        30.06   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216894                   100.00   No MI                 NO MI                 0                                  6.500            0.375        0.030     0.000               0.405                             6.095         2,426.67    Yes           2YP                       44.11   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503216911                   100.00   No MI                 NO MI                 0                                  7.380            0.375        0.030     0.000               0.405                             6.975         1,245.38    No            NO                        43.94   3/6 LIBOR IO                                    60    LIBOR                         6                6                          20100401                                        37        3.000
2503216943                   100.00   No MI                 NO MI                 0                                  7.990            0.375        0.030     0.000               0.405                             7.585         1,759.36    No            NO                        48.77   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503216948                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720           759.52    No            NO                        34.09   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503216982                    99.80   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,528.27    Yes           3YP                       43.58   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503216991                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095           960.94    Yes           1YP                       40.20   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503216992                   100.00   No MI                 NO MI                 0                                  7.125            0.375        0.030     0.000               0.405                             6.720         1,021.25    Yes           3YP                       29.50   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503217017                   100.00   No MI                 NO MI                 0                                  7.750            0.375        0.030     0.000               0.405                             7.345         1,719.53    Yes           2YP                       39.32   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503217028                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         1,546.88    No            NO                        39.99   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503217040                    90.00   No MI                 NO MI                 0                                  6.625            0.375        0.030     0.000               0.405                             6.220         1,766.67    No            NO                        38.27   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
2503217051                   100.00   No MI                 NO MI                 0                                  6.600            0.375        0.030     0.000               0.405                             6.195         1,871.10    Yes           1YP                       47.40   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503217061                   100.00   No MI                 NO MI                 0                                  8.162            0.375        0.030     0.000               0.405                             7.757         1,583.43    No            NO                        49.85   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        3.000
2503217082                    76.53   No MI                 NO MI                 0                                  6.900            0.375        0.030     0.000               0.405                             6.495         4,312.50    Yes           3YP                       38.60   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503217190                   100.00   No MI                 NO MI                 0                                  7.500            0.375        0.030     0.000               0.405                             7.095         2,880.76    Yes           1YP                       48.56   5/6 LIBOR                                             LIBOR                         6                6                          20120401                                        61        3.000
2503217240                   100.00   No MI                 NO MI                 0                                  6.650            0.375        0.030     0.000               0.405                             6.245         3,502.33    Yes           3YP                       47.86   5/6 LIBOR IO                                   120    LIBOR                         6                6                          20120401                                        61        3.000
2503217248                   100.00   No MI                 NO MI                 0                                  6.950            0.375        0.030     0.000               0.405                             6.545         2,617.83    No            NO                        42.38   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120401                                        61        3.000
3903000017                    58.00   No MI                 NO MI                 0                                  6.875            0.375        0.030     0.000               0.405                             6.470           762.04    No            NO                        13.00   3/1 LIBOR                                             LIBOR                        12               12                          20091101                                        32        2.500
3903000027                    19.99   No MI                 NO MI                 0                                 12.125            0.250        0.030     0.000               0.280                            11.845         1,007.77    Yes           2YP                       36.41   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103607155                    94.15   No MI                 NO MI                 0                                 11.550            0.500        0.030     0.000               0.530                            11.020           820.84    No            NO                        44.41   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103611265                    90.00   No MI                 NO MI                 0                                 11.150            0.500        0.030     0.000               0.530                            10.620           359.64    No            NO                        48.99   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103615855                    95.00   No MI                 NO MI                 0                                 12.000            0.500        0.030     0.000               0.530                            11.470           420.16    Yes           2YP                       40.12   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103617309                    95.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           415.63    No            NO                        42.62   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103629549                    95.00   No MI                 NO MI                 0                                 12.000            0.500        0.030     0.000               0.530                            11.470           508.13    Yes           1YP                       30.80   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103631242                    94.96   No MI                 NO MI                 0                                 12.125            0.500        0.030     0.000               0.530                            11.595           777.65    No            NO                        44.31   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103631521                    94.98   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           535.76    No            NO                        38.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103632213                    98.73   No MI                 NO MI                 0                                 14.250            0.500        0.030     0.000               0.530                            13.720           609.57    No            NO                        37.72   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103632647                    95.00   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           277.49    Yes           1YP                       45.55   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103633321                    94.99   No MI                 NO MI                 0                                 13.000            0.500        0.030     0.000               0.530                            12.470           838.50    No            NO                        35.65   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103633348                    90.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845           211.51    No            NO                        48.42   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103633685                    85.00   No MI                 NO MI                 0                                 10.950            0.500        0.030     0.000               0.530                            10.420           326.22    Yes           3YP                       40.68   15YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103633974                    90.00   No MI                 NO MI                 0                                 12.875            0.500        0.030     0.000               0.530                            12.345         1,762.27    No            NO                        39.53   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103634731                   100.00   No MI                 NO MI                 0                                 11.450            0.500        0.030     0.000               0.530                            10.920           617.54    No            NO                        35.30   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103635225                   100.00   No MI                 NO MI                 0                                 10.375            0.500        0.030     0.000               0.530                             9.845           951.04    Yes           6MP                       37.43   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103636866                    94.99   No MI                 NO MI                 0                                 12.525            0.500        0.030     0.000               0.530                            11.995           245.28    Yes           6MP                       40.22   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103636928                    90.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845           211.51    Yes           3YP                       24.34   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103636974                    89.97   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           817.52    No            NO                        41.78   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103638281                    95.00   No MI                 NO MI                 0                                 11.475            0.500        0.030     0.000               0.530                            10.945           612.48    Yes           3YP                       39.59   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103639592                    90.00   No MI                 NO MI                 0                                 10.625            0.500        0.030     0.000               0.530                            10.095           178.81    Yes           2YP                        0.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103639604                    89.99   No MI                 NO MI                 0                                 10.500            0.500        0.030     0.000               0.530                             9.970           497.16    Yes           2YP                        0.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103640962                    95.00   No MI                 NO MI                 0                                 11.950            0.500        0.030     0.000               0.530                            11.420           303.33    Yes           1YP                       33.01   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103641071                    89.98   No MI                 NO MI                 0                                 11.625            0.500        0.030     0.000               0.530                            11.095           452.93    No            NO                        38.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103641374                    88.48   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           522.75    Yes           3YP                       44.97   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103641563                   100.00   No MI                 NO MI                 0                                 11.925            0.500        0.030     0.000               0.530                            11.395           404.95    Yes           2YP                       46.64   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103641729                    87.18   No MI                 NO MI                 0                                 12.600            0.500        0.030     0.000               0.530                            12.070           498.75    No            NO                        31.31   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103641842                   100.00   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220           586.81    Yes           2YP                       48.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103642183                    89.86   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220           430.33    No            NO                        38.51   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103642337                    90.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           249.32    Yes           3YP                       29.27   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103642369                    95.00   No MI                 NO MI                 0                                 12.000            0.500        0.030     0.000               0.530                            11.470           424.30    No            NO                        34.66   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103642871                   100.00   No MI                 NO MI                 0                                 11.900            0.500        0.030     0.000               0.530                            11.370           459.39    Yes           3YP                       35.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103642988                   100.00   No MI                 NO MI                 0                                 13.500            0.500        0.030     0.000               0.530                            12.970           361.95    No            NO                        37.53   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103643399                    90.00   No MI                 NO MI                 0                                 12.875            0.500        0.030     0.000               0.530                            12.345           394.72    No            NO                        44.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103643572                    95.00   No MI                 NO MI                 0                                 12.350            0.500        0.030     0.000               0.530                            11.820           633.38    No            NO                        40.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103643573                    95.00   No MI                 NO MI                 0                                 12.350            0.500        0.030     0.000               0.530                            11.820           654.49    No            NO                        26.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103643584                    89.98   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           200.57    No            NO                        13.17   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103643775                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           476.89    No            NO                        40.01   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103643945                    90.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           401.40    Yes           3YP                       21.28   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103644344                   100.00   No MI                 NO MI                 0                                 10.800            0.500        0.030     0.000               0.530                            10.270           810.00    Yes           3YP                       38.46   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103644508                    90.00   No MI                 NO MI                 0                                 10.875            0.500        0.030     0.000               0.530                            10.345           480.87    Yes           3YP                       21.47   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103644605                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           812.04    Yes           3YP                       44.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103644716                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           379.07    Yes           1YP                       35.33   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103644975                   100.00   No MI                 NO MI                 0                                 10.525            0.500        0.030     0.000               0.530                             9.995           907.44    Yes           2YP                       36.34   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103644995                    95.00   No MI                 NO MI                 0                                 11.925            0.500        0.030     0.000               0.530                            11.395           537.00    No            NO                        41.31   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103645211                    90.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           479.47    No            NO                        32.34   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103645537                    94.99   No MI                 NO MI                 0                                 13.000            0.500        0.030     0.000               0.530                            12.470         2,098.42    No            NO                        47.32   30/15 FIXED BAL IO                             120    FIXED                         0                0                                                                           0        0.000
1103645705                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           326.08    Yes           3YP                       29.03   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103645745                    94.99   No MI                 NO MI                 0                                 13.500            0.500        0.030     0.000               0.530                            12.970         1,183.50    No            NO                        48.64   30YR FIXED IO                                  120    FIXED                         0                0                                                                           0        0.000
1103645830                    80.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           495.15    No            NO                        32.57   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103645835                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           297.09    Yes           3YP                       27.98   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646161                   100.00   No MI                 NO MI                 0                                 12.000            0.500        0.030     0.000               0.530                            11.470           880.49    Yes           3YP                       47.33   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646235                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           379.07    Yes           1YP                       38.57   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646239                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           356.65    Yes           1YP                       39.82   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646459                    89.98   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           390.64    No            NO                        36.36   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646620                   100.00   No MI                 NO MI                 0                                 13.990            0.500        0.030     0.000               0.530                            13.460         1,649.42    Yes           6MP                       33.35   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647021                   100.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845         1,311.38    No            NO                        46.55   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647183                    95.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220         1,035.14    Yes           2YP                       43.95   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103647480                    95.00   No MI                 NO MI                 0                                 11.800            0.500        0.030     0.000               0.530                            11.270           428.51    No            NO                        38.82   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647516                    95.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           573.19    Yes           1YP                       16.32   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103647726                   100.00   No MI                 NO MI                 0                                 11.375            0.500        0.030     0.000               0.530                            10.845           421.73    Yes           2YP                       45.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647983                   100.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345         1,541.75    Yes           3YP                       44.57   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648147                    95.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           386.72    No            NO                        44.67   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103648156                    95.00   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220           466.19    No            NO                        47.91   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103648191                    90.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           205.91    No            NO                        25.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648223                    90.00   No MI                 NO MI                 0                                 12.425            0.500        0.030     0.000               0.530                            11.895           358.24    No            NO                        39.53   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648451                    99.99   No MI                 NO MI                 0                                 10.625            0.500        0.030     0.000               0.530                            10.095           843.24    Yes           3YP                       41.32   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648509                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           643.69    Yes           1YP                       43.78   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648973                    90.00   No MI                 NO MI                 0                                 11.375            0.500        0.030     0.000               0.530                            10.845           469.22    Yes           1YP                       16.77   30/15 FIXED BAL IO                             120    FIXED                         0                0                                                                           0        0.000
1103649126                    88.07   No MI                 NO MI                 0                                 10.990            0.500        0.030     0.000               0.530                            10.460           229.87    Yes           2YP                       39.86   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103649155                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           267.38    Yes           1YP                       22.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649157                    90.00   No MI                 NO MI                 0                                 13.500            0.500        0.030     0.000               0.530                            12.970           237.94    No            NO                        45.42   30YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103649509                   100.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           642.08    Yes           3YP                       49.72   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103649600                   100.00   No MI                 NO MI                 0                                 10.875            0.500        0.030     0.000               0.530                            10.345           634.38    No            NO                        47.88   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103649739                    87.72   No MI                 NO MI                 0                                 10.675            0.500        0.030     0.000               0.530                            10.145           361.86    No            NO                        35.51   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649756                   100.00   No MI                 NO MI                 0                                 11.150            0.500        0.030     0.000               0.530                            10.620         1,068.54    Yes           1YP                       48.00   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103649892                   100.00   No MI                 NO MI                 0                                 11.575            0.500        0.030     0.000               0.530                            11.045           916.34    Yes           3YP                       42.54   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103650051                   100.00   No MI                 NO MI                 0                                 11.025            0.500        0.030     0.000               0.530                            10.495         1,008.79    Yes           2YP                       47.07   15YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103650089                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           393.15    Yes           1YP                       31.89   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103650479                   100.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970         1,356.70    Yes           1YP                       44.60   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103650911                   100.00   No MI                 NO MI                 0                                 11.950            0.500        0.030     0.000               0.530                            11.420         1,225.62    Yes           2YP                       43.24   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651013                   100.00   No MI                 NO MI                 0                                 11.950            0.500        0.030     0.000               0.530                            11.420           701.96    No            NO                        44.05   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651039                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           272.33    Yes           1YP                       26.42   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651430                   100.00   No MI                 NO MI                 0                                 12.575            0.500        0.030     0.000               0.530                            12.045         1,158.93    No            NO                        42.94   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
1103651767                    94.99   No MI                 NO MI                 0                                 13.125            0.500        0.030     0.000               0.530                            12.595           961.97    No            NO                        31.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652724                   100.00   No MI                 NO MI                 0                                 11.575            0.500        0.030     0.000               0.530                            11.045           964.58    Yes           2YP                       48.42   15YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103652909                    95.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           341.41    No            NO                        44.38   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103652952                   100.00   No MI                 NO MI                 0                                 12.525            0.500        0.030     0.000               0.530                            11.995           555.98    Yes           3YP                       43.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653079                   100.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           761.72    Yes           1YP                       41.78   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653248                    89.99   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           466.85    No            NO                        38.67   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653316                    90.00   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220         1,348.59    No            NO                        48.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653713                   100.00   No MI                 NO MI                 0                                 10.625            0.500        0.030     0.000               0.530                            10.095           401.09    No            NO                        37.49   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103653736                    84.68   No MI                 NO MI                 0                                 10.625            0.500        0.030     0.000               0.530                            10.095           256.77    Yes           3YP                       49.00   15YR FIXED IO                                   60    FIXED                         0                0                                                                           0        0.000
1103653794                    90.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           421.17    Yes           3YP                       45.43   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103654327                    95.00   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           353.67    Yes           1YP                       30.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655293                    95.00   No MI                 NO MI                 0                                 12.625            0.500        0.030     0.000               0.530                            12.095           500.79    Yes           1YP                       49.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655571                   100.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470         1,030.41    No            NO                        42.10   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655714                    90.00   No MI                 NO MI                 0                                 14.500            0.500        0.030     0.000               0.530                            13.970         1,537.43    No            NO                        48.77   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503187878                    94.99   No MI                 NO MI                 0                                 12.525            0.500        0.030     0.000               0.530                            11.995           592.87    No            NO                        29.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503189258                   100.00   No MI                 NO MI                 0                                 11.895            0.500        0.030     0.000               0.530                            11.365           497.51    Yes           2YP                       36.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503189941                   100.00   No MI                 NO MI                 0                                 10.650            0.500        0.030     0.000               0.530                            10.120           648.18    No            NO                        48.73   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503191954                   100.00   No MI                 NO MI                 0                                 10.800            0.500        0.030     0.000               0.530                            10.270           656.07    Yes           3YP                       44.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503192269                    94.99   No MI                 NO MI                 0                                 11.790            0.500        0.030     0.000               0.530                            11.260           607.99    No            NO                        38.60   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503193662                   100.00   No MI                 NO MI                 0                                 11.350            0.500        0.030     0.000               0.530                            10.820         1,429.14    Yes           3YP                       45.05   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503194982                   100.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470           857.09    Yes           1YP                       43.51   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195080                    90.00   No MI                 NO MI                 0                                 11.440            0.500        0.030     0.000               0.530                            10.910         1,579.12    No            NO                        35.86   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195256                   100.00   No MI                 NO MI                 0                                 11.575            0.500        0.030     0.000               0.530                            11.045         1,099.43    No            NO                        39.90   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
2503195508                    94.73   No MI                 NO MI                 0                                 12.020            0.500        0.030     0.000               0.530                            11.490           364.67    No            NO                        42.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195547                    90.00   No MI                 NO MI                 0                                 11.600            0.500        0.030     0.000               0.530                            11.070           345.94    No            NO                        14.74   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195564                    95.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470           323.79    Yes           3YP                       32.70   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195726                   100.00   No MI                 NO MI                 0                                  9.800            0.500        0.030     0.000               0.530                             9.270           595.35    Yes           3YP                       40.65   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503195771                    94.69   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460           822.27    No            NO                        47.17   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503196647                    94.97   No MI                 NO MI                 0                                 10.540            0.500        0.030     0.000               0.530                            10.010           456.11    Yes           2YP                       46.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503196671                    99.98   No MI                 NO MI                 0                                 12.590            0.500        0.030     0.000               0.530                            12.060           756.81    Yes           3YP                       49.38   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503197512                    94.99   No MI                 NO MI                 0                                 10.875            0.500        0.030     0.000               0.530                            10.345           451.64    No            NO                        36.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503197824                    95.00   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           345.81    No            NO                        42.96   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503198468                   100.00   No MI                 NO MI                 0                                 11.575            0.500        0.030     0.000               0.530                            11.045           501.99    No            NO                        47.66   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503198503                   100.00   No MI                 NO MI                 0                                 10.800            0.500        0.030     0.000               0.530                            10.270           581.09    Yes           3YP                       44.25   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503198959                    95.00   No MI                 NO MI                 0                                 12.640            0.500        0.030     0.000               0.530                            12.110         3,692.60    No            NO                        42.32   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503199026                   100.00   No MI                 NO MI                 0                                 11.325            0.500        0.030     0.000               0.530                            10.795           381.01    Yes           3YP                       40.28   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503199045                    94.25   No MI                 NO MI                 0                                 11.400            0.500        0.030     0.000               0.530                            10.870           492.42    No            NO                        44.28   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503199243                    95.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           574.86    Yes           2YP                       40.27   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503199566                    90.00   No MI                 NO MI                 0                                 12.190            0.500        0.030     0.000               0.530                            11.660           364.10    No            NO                        38.82   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503199583                    91.78   No MI                 NO MI                 0                                  9.975            0.500        0.030     0.000               0.530                             9.445           214.55    Yes           3YP                       50.43   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503200691                    90.00   No MI                 NO MI                 0                                 12.200            0.500        0.030     0.000               0.530                            11.670           810.69    No            NO                        44.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503200813                   100.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           494.75    Yes           3YP                       41.98   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503200990                    87.55   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460           308.35    No            NO                        37.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201004                    95.32   No MI                 NO MI                 0                                 11.375            0.500        0.030     0.000               0.530                            10.845           426.63    No            NO                        47.39   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201136                    99.96   No MI                 NO MI                 0                                 10.990            0.500        0.030     0.000               0.530                            10.460           447.71    No            NO                        47.71   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201382                   100.00   No MI                 NO MI                 0                                 11.700            0.500        0.030     0.000               0.530                            11.170           271.51    No            NO                        41.93   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201420                   100.00   No MI                 NO MI                 0                                 11.090            0.500        0.030     0.000               0.530                            10.560           306.73    Yes           2YP                       39.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201431                   100.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           757.58    Yes           3YP                       49.76   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201464                    89.99   No MI                 NO MI                 0                                 12.000            0.500        0.030     0.000               0.530                            11.470         3,419.11    No            NO                        29.69   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201682                    99.98   No MI                 NO MI                 0                                 12.740            0.500        0.030     0.000               0.530                            12.210           384.41    Yes           2YP                       47.75   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201723                    95.00   No MI                 NO MI                 0                                 12.300            0.500        0.030     0.000               0.530                            11.770           318.68    No            NO                        45.89   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201854                    99.99   No MI                 NO MI                 0                                 11.490            0.500        0.030     0.000               0.530                            10.960         1,003.88    No            NO                        39.41   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503201905                   100.00   No MI                 NO MI                 0                                 11.450            0.500        0.030     0.000               0.530                            10.920         1,140.37    No            NO                        49.38   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503202033                    94.97   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460           673.24    No            NO                        47.46   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503202744                    94.98   No MI                 NO MI                 0                                 12.400            0.500        0.030     0.000               0.530                            11.870         1,053.15    No            NO                        25.38   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203109                    92.61   No MI                 NO MI                 0                                 11.800            0.500        0.030     0.000               0.530                            11.270           281.18    No            NO                        37.41   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203528                    90.00   No MI                 NO MI                 0                                 11.190            0.500        0.030     0.000               0.530                            10.660           746.78    No            NO                        34.47   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203636                    95.00   No MI                 NO MI                 0                                 10.900            0.500        0.030     0.000               0.530                            10.370           614.10    Yes           2YP                       25.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203681                    94.98   No MI                 NO MI                 0                                 11.325            0.500        0.030     0.000               0.530                            10.795           382.97    Yes           1YP                       49.33   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203847                    90.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845           250.64    No            NO                        13.70   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203939                    90.00   No MI                 NO MI                 0                                 11.770            0.500        0.030     0.000               0.530                            11.240         2,001.67    Yes           3YP                       42.52   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503203976                    90.00   No MI                 NO MI                 0                                 11.790            0.500        0.030     0.000               0.530                            11.260           599.89    No            NO                        47.99   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204077                    95.00   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460         1,274.53    No            NO                        46.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204131                    95.00   No MI                 NO MI                 0                                 12.140            0.500        0.030     0.000               0.530                            11.610         1,766.98    No            NO                        27.56   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204290                    95.00   No MI                 NO MI                 0                                 11.900            0.500        0.030     0.000               0.530                            11.370         2,279.21    Yes           1YP                       29.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204489                   100.00   No MI                 NO MI                 0                                 10.044            0.500        0.030     0.000               0.530                             9.514           308.29    Yes           3YP                       40.55   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503204647                    90.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           225.08    No            NO                        16.09   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204794                    95.00   No MI                 NO MI                 0                                 10.500            0.500        0.030     0.000               0.530                             9.970           680.57    Yes           3YP                       42.89   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204811                   100.00   No MI                 NO MI                 0                                 11.470            0.500        0.030     0.000               0.530                            10.940           592.80    Yes           1YP                       38.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204838                    94.99   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460         1,062.28    No            NO                        24.07   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503204930                    95.00   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           538.62    Yes           2YP                       47.11   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205203                    95.00   No MI                 NO MI                 0                                 12.040            0.500        0.030     0.000               0.530                            11.510           220.11    No            NO                        32.56   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205309                   100.00   No MI                 NO MI                 0                                 13.500            0.500        0.030     0.000               0.530                            12.970         3,464.87    No            NO                        44.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205726                    95.00   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           475.74    No            NO                        47.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205768                   100.00   No MI                 NO MI                 0                                 12.525            0.500        0.030     0.000               0.530                            11.995           972.97    Yes           3YP                       49.92   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205788                    95.00   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460         1,079.24    No            NO                        49.06   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205822                    95.00   No MI                 NO MI                 0                                 11.600            0.500        0.030     0.000               0.530                            11.070         2,182.97    Yes           1YP                       44.83   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503205952                    90.00   No MI                 NO MI                 0                                 12.890            0.500        0.030     0.000               0.530                            12.360           255.19    No            NO                        22.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206058                    90.00   No MI                 NO MI                 0                                 11.640            0.500        0.030     0.000               0.530                            11.110           322.82    No            NO                        19.08   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206093                    95.00   No MI                 NO MI                 0                                 11.140            0.500        0.030     0.000               0.530                            10.610           573.90    No            NO                        47.46   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206096                   100.00   No MI                 NO MI                 0                                 11.140            0.500        0.030     0.000               0.530                            10.610         1,781.40    No            NO                        49.92   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206343                    94.97   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           337.42    No            NO                        20.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206355                    95.00   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           578.99    No            NO                        35.63   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206511                    95.00   No MI                 NO MI                 0                                 11.390            0.500        0.030     0.000               0.530                            10.860           471.32    Yes           3YP                       46.32   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206597                   100.00   No MI                 NO MI                 0                                 13.294            0.500        0.030     0.000               0.530                            12.764           635.19    No            NO                        48.15   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206647                   100.00   No MI                 NO MI                 0                                 10.650            0.500        0.030     0.000               0.530                            10.120         2,025.56    Yes           2YP                       43.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206827                    90.00   No MI                 NO MI                 0                                 11.900            0.500        0.030     0.000               0.530                            11.370           872.89    No            NO                        49.92   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206851                   100.00   No MI                 NO MI                 0                                 12.340            0.500        0.030     0.000               0.530                            11.810           864.98    No            NO                        43.41   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503206940                    94.74   No MI                 NO MI                 0                                 12.240            0.500        0.030     0.000               0.530                            11.710           209.42    No            NO                        26.23   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207272                   100.00   No MI                 NO MI                 0                                 10.765            0.500        0.030     0.000               0.530                            10.235           757.03    Yes           1YP                       36.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207321                    90.00   No MI                 NO MI                 0                                 12.313            0.500        0.030     0.000               0.530                            11.783           377.40    No            NO                        46.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207620                    95.00   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220           652.02    No            NO                        40.06   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207734                    95.00   No MI                 NO MI                 0                                 11.669            0.500        0.030     0.000               0.530                            11.139           377.71    Yes           1YP                       34.01   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503207816                   100.00   No MI                 NO MI                 0                                 10.500            0.500        0.030     0.000               0.530                             9.970           768.38    Yes           3YP                       39.93   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208009                    85.00   No MI                 NO MI                 0                                 11.390            0.500        0.030     0.000               0.530                            10.860           466.41    No            NO                        17.65   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208093                    99.73   No MI                 NO MI                 0                                 12.340            0.500        0.030     0.000               0.530                            11.810           611.82    No            NO                        42.59   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208296                    95.00   No MI                 NO MI                 0                                 10.990            0.500        0.030     0.000               0.530                            10.460           221.24    No            NO                        27.31   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208346                    90.00   No MI                 NO MI                 0                                 11.915            0.500        0.030     0.000               0.530                            11.385           298.96    No            NO                        22.99   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208449                   100.00   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920           808.17    No            NO                        40.54   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208702                   100.00   No MI                 NO MI                 0                                 12.340            0.500        0.030     0.000               0.530                            11.810           770.05    No            NO                        40.93   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208722                    79.97   No MI                 NO MI                 0                                 12.390            0.500        0.030     0.000               0.530                            11.860           214.39    No            NO                        27.27   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208780                   100.00   No MI                 NO MI                 0                                 10.159            0.500        0.030     0.000               0.530                             9.629           348.62    Yes           2YP                       42.25   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208832                   100.00   No MI                 NO MI                 0                                 11.850            0.500        0.030     0.000               0.530                            11.320           388.52    Yes           2YP                       39.12   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208944                   100.00   No MI                 NO MI                 0                                 13.150            0.500        0.030     0.000               0.530                            12.620           373.37    Yes           3YP                       37.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208970                   100.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845           708.57    Yes           3YP                       47.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209102                   100.00   No MI                 NO MI                 0                                 10.800            0.500        0.030     0.000               0.530                            10.270         1,197.58    Yes           2YP                       49.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209103                    99.45   No MI                 NO MI                 0                                  9.990            0.500        0.030     0.000               0.530                             9.460           699.27    Yes           3YP                       36.55   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209110                    90.00   No MI                 NO MI                 0                                 11.790            0.500        0.030     0.000               0.530                            11.260           508.77    No            NO                        25.74   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503209217                    95.00   No MI                 NO MI                 0                                 11.145            0.500        0.030     0.000               0.530                            10.615           915.13    Yes           2YP                       27.44   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209249                    90.00   No MI                 NO MI                 0                                 11.775            0.500        0.030     0.000               0.530                            11.245           384.30    No            NO                        28.87   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209376                   100.00   No MI                 NO MI                 0                                 11.115            0.500        0.030     0.000               0.530                            10.585         2,402.56    No            NO                        35.66   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209421                    95.00   No MI                 NO MI                 0                                 11.740            0.500        0.030     0.000               0.530                            11.210           353.03    No            NO                        40.50   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209459                   100.00   No MI                 NO MI                 0                                 10.990            0.500        0.030     0.000               0.530                            10.460         1,499.67    No            NO                        48.68   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209461                   100.00   No MI                 NO MI                 0                                 10.460            0.500        0.030     0.000               0.530                             9.930         2,735.25    Yes           2YP                       40.29   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209538                   100.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470           895.18    Yes           1YP                       42.46   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209582                    95.00   No MI                 NO MI                 0                                 12.050            0.500        0.030     0.000               0.530                            11.520           763.17    No            NO                        33.81   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
2503209869                   100.00   No MI                 NO MI                 0                                 11.100            0.500        0.030     0.000               0.530                            10.570           554.81    Yes           1YP                       45.79   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209884                   100.00   No MI                 NO MI                 0                                 10.490            0.500        0.030     0.000               0.530                             9.960         1,535.51    Yes           3YP                       40.30   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209897                   100.00   No MI                 NO MI                 0                                 11.950            0.500        0.030     0.000               0.530                            11.420           402.22    No            NO                        38.86   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209914                   100.00   No MI                 NO MI                 0                                 12.340            0.500        0.030     0.000               0.530                            11.810           667.20    Yes           2YP                       29.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503209952                   100.00   No MI                 NO MI                 0                                 12.340            0.500        0.030     0.000               0.530                            11.810         1,167.20    No            NO                        43.47   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210006                   100.00   No MI                 NO MI                 0                                 11.125            0.500        0.030     0.000               0.530                            10.595           586.69    No            NO                        39.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210148                   100.00   No MI                 NO MI                 0                                  9.940            0.500        0.030     0.000               0.530                             9.410         1,021.58    Yes           2YP                       42.12   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210186                   100.00   No MI                 NO MI                 0                                 12.044            0.500        0.030     0.000               0.530                            11.514         1,032.00    No            NO                        39.57   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210226                    85.00   No MI                 NO MI                 0                                 10.890            0.500        0.030     0.000               0.530                            10.360           330.41    Yes           2YP                       42.72   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503210286                    80.00   No MI                 NO MI                 0                                 12.150            0.500        0.030     0.000               0.530                            11.620           260.04    No            NO                        28.87   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210398                   100.00   No MI                 NO MI                 0                                 13.950            0.500        0.030     0.000               0.530                            13.420         1,741.42    No            NO                        45.46   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
2503210455                   100.00   No MI                 NO MI                 0                                 11.840            0.500        0.030     0.000               0.530                            11.310         1,219.58    Yes           2YP                       42.81   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210488                    95.00   No MI                 NO MI                 0                                 10.990            0.500        0.030     0.000               0.530                            10.460           369.21    Yes           3YP                       43.73   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210522                   100.00   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920         1,063.38    No            NO                        41.60   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210657                    99.99   No MI                 NO MI                 0                                 10.525            0.500        0.030     0.000               0.530                             9.995           624.67    Yes           3YP                       44.44   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210727                    89.27   No MI                 NO MI                 0                                 11.765            0.500        0.030     0.000               0.530                            11.235           634.63    Yes           1YP                       42.97   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210752                    81.79   No MI                 NO MI                 0                                 11.300            0.500        0.030     0.000               0.530                            10.770           390.51    Yes           1YP                       43.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210834                   100.00   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           636.09    No            NO                        37.35   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210926                   100.00   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460         1,068.96    Yes           3YP                       44.36   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210947                   100.00   No MI                 NO MI                 0                                 12.240            0.500        0.030     0.000               0.530                            11.710           963.35    Yes           2YP                       44.02   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211187                   100.00   No MI                 NO MI                 0                                 12.090            0.500        0.030     0.000               0.530                            11.560         1,299.61    Yes           2YP                       46.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211204                   100.00   No MI                 NO MI                 0                                 13.540            0.500        0.030     0.000               0.530                            13.010           803.99    No            NO                        38.83   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211379                   100.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           544.10    Yes           3YP                       44.75   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
2503211418                    90.00   No MI                 NO MI                 0                                 12.175            0.500        0.030     0.000               0.530                            11.645           750.31    No            NO                        34.86   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211444                    95.00   No MI                 NO MI                 0                                 10.590            0.500        0.030     0.000               0.530                            10.060           873.68    Yes           3YP                       38.44   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
2503211467                   100.00   No MI                 NO MI                 0                                 10.150            0.500        0.030     0.000               0.530                             9.620           556.31    Yes           2YP                       44.54   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211468                   100.00   No MI                 NO MI                 0                                  9.950            0.500        0.030     0.000               0.530                             9.420         1,227.38    Yes           2YP                       44.83   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211495                    95.00   No MI                 NO MI                 0                                 11.895            0.500        0.030     0.000               0.530                            11.365           591.91    Yes           2YP                       48.34   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211668                    90.00   No MI                 NO MI                 0                                 10.775            0.500        0.030     0.000               0.530                            10.245           420.91    Yes           2YP                       43.06   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211716                    92.03   No MI                 NO MI                 0                                 10.875            0.500        0.030     0.000               0.530                            10.345           414.87    No            NO                        45.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211857                   100.00   No MI                 NO MI                 0                                 10.740            0.500        0.030     0.000               0.530                            10.210         1,119.28    Yes           2YP                       37.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211881                    90.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           204.99    No            NO                        44.46   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211893                   100.00   No MI                 NO MI                 0                                 11.844            0.500        0.030     0.000               0.530                            11.314           813.30    Yes           3YP                       39.70   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211970                   100.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220         2,287.03    No            NO                        39.70   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212009                    90.00   No MI                 NO MI                 0                                 11.515            0.500        0.030     0.000               0.530                            10.985           456.06    No            NO                        33.72   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212045                   100.00   No MI                 NO MI                 0                                 12.550            0.500        0.030     0.000               0.530                            12.020           588.86    Yes           2YP                       27.83   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212070                   100.00   No MI                 NO MI                 0                                 12.900            0.500        0.030     0.000               0.530                            12.370           377.85    Yes           3YP                       40.56   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212232                    90.00   No MI                 NO MI                 0                                  9.990            0.500        0.030     0.000               0.530                             9.460         1,183.72    No            NO                        36.66   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212340                   100.00   No MI                 NO MI                 0                                 12.690            0.500        0.030     0.000               0.530                            12.160           623.24    Yes           3YP                       45.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212453                   100.00   No MI                 NO MI                 0                                 12.325            0.500        0.030     0.000               0.530                            11.795           611.14    Yes           1YP                       36.25   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212459                    99.98   No MI                 NO MI                 0                                 11.895            0.500        0.030     0.000               0.530                            11.365           801.12    Yes           3YP                       41.59   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212476                   100.00   No MI                 NO MI                 0                                 12.245            0.500        0.030     0.000               0.530                            11.715         1,445.56    Yes           3YP                       46.26   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212505                   100.00   No MI                 NO MI                 0                                 10.440            0.500        0.030     0.000               0.530                             9.910         1,456.41    No            NO                        38.94   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212537                    99.98   No MI                 NO MI                 0                                 10.060            0.500        0.030     0.000               0.530                             9.530           713.99    Yes           1YP                       34.84   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212558                    87.71   No MI                 NO MI                 0                                 11.075            0.500        0.030     0.000               0.530                            10.545           191.60    No            NO                        39.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212631                    95.00   No MI                 NO MI                 0                                  9.700            0.500        0.030     0.000               0.530                             9.170         1,420.10    Yes           2YP                       42.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212658                   100.00   No MI                 NO MI                 0                                 12.150            0.500        0.030     0.000               0.530                            11.620           919.51    Yes           3YP                       45.25   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212714                    91.49   No MI                 NO MI                 0                                 10.500            0.500        0.030     0.000               0.530                             9.970           786.68    No            NO                        44.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212788                   100.00   No MI                 NO MI                 0                                 11.500            0.500        0.030     0.000               0.530                            10.970           891.26    No            NO                        34.27   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503212915                   100.00   No MI                 NO MI                 0                                 12.700            0.500        0.030     0.000               0.530                            12.170           573.88    No            NO                        44.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212989                   100.00   No MI                 NO MI                 0                                 12.650            0.500        0.030     0.000               0.530                            12.120           658.14    Yes           2YP                       44.77   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213003                   100.00   No MI                 NO MI                 0                                 10.900            0.500        0.030     0.000               0.530                            10.370         1,228.21    Yes           1YP                       39.52   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213058                   100.00   No MI                 NO MI                 0                                 12.800            0.500        0.030     0.000               0.530                            12.270           458.05    Yes           2YP                       30.23   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213097                   100.00   No MI                 NO MI                 0                                 12.750            0.500        0.030     0.000               0.530                            12.220         1,108.43    Yes           3YP                       41.26   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213177                    95.00   No MI                 NO MI                 0                                 12.140            0.500        0.030     0.000               0.530                            11.610           727.48    No            NO                        41.15   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213235                   100.00   No MI                 NO MI                 0                                 11.240            0.500        0.030     0.000               0.530                            10.710         1,162.18    Yes           2YP                       48.64   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213251                    94.64   No MI                 NO MI                 0                                 10.000            0.500        0.030     0.000               0.530                             9.470           307.15    Yes           3YP                       37.37   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213274                   100.00   No MI                 NO MI                 0                                  9.550            0.500        0.030     0.000               0.530                             9.020           396.92    Yes           3YP                       38.30   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213325                   100.00   No MI                 NO MI                 0                                 10.540            0.500        0.030     0.000               0.530                            10.010         1,885.94    Yes           3YP                       41.93   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213389                    97.73   No MI                 NO MI                 0                                 10.490            0.500        0.030     0.000               0.530                             9.960           712.91    Yes           2YP                       42.69   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213407                   100.00   No MI                 NO MI                 0                                 11.150            0.500        0.030     0.000               0.530                            10.620           345.00    Yes           3YP                       41.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213432                   100.00   No MI                 NO MI                 0                                 10.890            0.500        0.030     0.000               0.530                            10.360         1,132.83    No            NO                        44.55   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213443                   100.00   No MI                 NO MI                 0                                 10.850            0.500        0.030     0.000               0.530                            10.320         1,200.72    No            NO                        41.93   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213501                    92.78   No MI                 NO MI                 0                                  9.600            0.500        0.030     0.000               0.530                             9.070           390.15    Yes           2YP                       40.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213571                   100.00   No MI                 NO MI                 0                                 10.690            0.500        0.030     0.000               0.530                            10.160         2,090.19    No            NO                        41.34   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213600                   100.00   No MI                 NO MI                 0                                 10.900            0.500        0.030     0.000               0.530                            10.370         1,180.97    No            NO                        44.66   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213606                   100.00   No MI                 NO MI                 0                                  9.940            0.500        0.030     0.000               0.530                             9.410           681.05    Yes           2YP                       41.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213608                   100.00   No MI                 NO MI                 0                                 11.040            0.500        0.030     0.000               0.530                            10.510         1,165.52    No            NO                        38.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213617                   100.00   No MI                 NO MI                 0                                 13.500            0.500        0.030     0.000               0.530                            12.970         1,259.95    No            NO                        49.84   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213662                   100.00   No MI                 NO MI                 0                                 10.440            0.500        0.030     0.000               0.530                             9.910           846.54    No            NO                        44.43   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213672                    95.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           383.08    Yes           3YP                       46.45   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213844                    85.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470           190.46    No            NO                        42.74   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213910                   100.00   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970         1,419.45    Yes           2YP                       39.37   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503213926                   100.00   No MI                 NO MI                 0                                  9.940            0.500        0.030     0.000               0.530                             9.410         1,033.80    Yes           2YP                       43.23   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213931                    95.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           762.72    Yes           3YP                       48.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214093                   100.00   No MI                 NO MI                 0                                 13.825            0.500        0.030     0.000               0.530                            13.295         1,580.90    Yes           1YP                       48.64   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214105                    88.95   No MI                 NO MI                 0                                 11.165            0.500        0.030     0.000               0.530                            10.635           656.07    No            NO                        39.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214183                    95.00   No MI                 NO MI                 0                                 12.350            0.500        0.030     0.000               0.530                            11.820           324.61    No            NO                        33.21   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214188                   100.00   No MI                 NO MI                 0                                 10.350            0.500        0.030     0.000               0.530                             9.820           966.79    Yes           2YP                       49.94   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214195                   100.00   No MI                 NO MI                 0                                 12.490            0.500        0.030     0.000               0.530                            11.960           767.87    Yes           3YP                       43.12   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214374                   100.00   No MI                 NO MI                 0                                  9.790            0.500        0.030     0.000               0.530                             9.260           991.41    Yes           2YP                       41.70   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214618                   100.00   No MI                 NO MI                 0                                 10.790            0.500        0.030     0.000               0.530                            10.260           739.83    No            NO                        41.36   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214635                    95.00   No MI                 NO MI                 0                                 13.240            0.500        0.030     0.000               0.530                            12.710           483.52    No            NO                        47.14   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214701                    90.00   No MI                 NO MI                 0                                 11.850            0.500        0.030     0.000               0.530                            11.320           722.13    No            NO                        31.06   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214720                   100.00   No MI                 NO MI                 0                                 10.290            0.500        0.030     0.000               0.530                             9.760         1,078.89    Yes           3YP                       43.37   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214728                    93.21   No MI                 NO MI                 0                                  9.950            0.500        0.030     0.000               0.530                             9.420           681.63    Yes           3YP                       43.52   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214810                   100.00   No MI                 NO MI                 0                                 12.950            0.500        0.030     0.000               0.530                            12.420         1,543.21    No            NO                        47.53   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214839                   100.00   No MI                 NO MI                 0                                 13.000            0.500        0.030     0.000               0.530                            12.470           995.58    No            NO                        48.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214894                    94.98   No MI                 NO MI                 0                                 12.490            0.500        0.030     0.000               0.530                            11.960           430.02    No            NO                        39.63   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215021                   100.00   No MI                 NO MI                 0                                 11.790            0.500        0.030     0.000               0.530                            11.260         1,364.82    Yes           2YP                       25.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215105                    95.00   No MI                 NO MI                 0                                 11.784            0.500        0.030     0.000               0.530                            11.254           431.69    Yes           2YP                       43.41   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215333                   100.00   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           989.49    Yes           3YP                       44.78   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215392                   100.00   No MI                 NO MI                 0                                 13.375            0.500        0.030     0.000               0.530                            12.845         1,589.82    Yes           1YP                       38.80   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215442                   100.00   No MI                 NO MI                 0                                 10.900            0.500        0.030     0.000               0.530                            10.370           992.01    No            NO                        39.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215448                    95.00   No MI                 NO MI                 0                                 10.800            0.500        0.030     0.000               0.530                            10.270           281.17    Yes           3YP                       44.74   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215514                   100.00   No MI                 NO MI                 0                                 11.200            0.500        0.030     0.000               0.530                            10.670           764.30    Yes           3YP                       44.90   30YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215544                   100.00   No MI                 NO MI                 0                                 10.700            0.500        0.030     0.000               0.530                            10.170         1,004.10    No            NO                        37.36   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215598                   100.00   No MI                 NO MI                 0                                 13.775            0.500        0.030     0.000               0.530                            13.245         2,042.40    Yes           1YP                       47.03   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215644                   100.00   No MI                 NO MI                 0                                 10.590            0.500        0.030     0.000               0.530                            10.060         1,059.70    No            NO                        43.81   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215665                   100.00   No MI                 NO MI                 0                                 11.395            0.500        0.030     0.000               0.530                            10.865         1,149.28    No            NO                        46.83   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215774                   100.00   No MI                 NO MI                 0                                 10.500            0.500        0.030     0.000               0.530                             9.970           839.73    Yes           1YP                       45.23   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215798                    95.00   No MI                 NO MI                 0                                 10.375            0.500        0.030     0.000               0.530                             9.845           486.66    Yes           2YP                       25.06   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215805                   100.00   No MI                 NO MI                 0                                 12.600            0.500        0.030     0.000               0.530                            12.070           795.07    Yes           3YP                       37.94   15YR FIXED                                            FIXED                         0                0                                                                           0        0.000
2503215835                   100.00   No MI                 NO MI                 0                                  9.900            0.500        0.030     0.000               0.530                             9.370         1,174.76    Yes           2YP                       49.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215962                    90.00   No MI                 NO MI                 0                                 12.140            0.500        0.030     0.000               0.530                            11.610           298.43    No            NO                        36.90   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216064                   100.00   No MI                 NO MI                 0                                 11.340            0.500        0.030     0.000               0.530                            10.810           831.39    No            NO                        38.44   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216087                   100.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720         1,104.81    No            NO                        43.24   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216132                   100.00   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470           857.09    No            NO                        45.92   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216168                    94.99   No MI                 NO MI                 0                                 12.600            0.500        0.030     0.000               0.530                            12.070           556.86    No            NO                        35.43   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216200                    95.00   No MI                 NO MI                 0                                 12.115            0.500        0.030     0.000               0.530                            11.585           493.84    Yes           1YP                       47.17   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216343                    95.00   No MI                 NO MI                 0                                 13.140            0.500        0.030     0.000               0.530                            12.610           767.48    No            NO                        21.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216468                   100.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           788.57    Yes           2YP                       42.72   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216546                   100.00   No MI                 NO MI                 0                                 10.700            0.500        0.030     0.000               0.530                            10.170           678.70    Yes           2YP                       36.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216584                    95.00   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           590.04    Yes           3YP                       46.30   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216898                    81.86   No MI                 NO MI                 0                                  9.215            0.500        0.030     0.000               0.530                             8.685           604.85    Yes           1YP                       42.31   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503216957                    95.00   No MI                 NO MI                 0                                 11.700            0.500        0.030     0.000               0.530                            11.170           663.53    No            NO                        10.77   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217025                   100.00   No MI                 NO MI                 0                                 10.740            0.500        0.030     0.000               0.530                            10.210           865.57    Yes           2YP                       36.91   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217072                   100.00   No MI                 NO MI                 0                                 10.825            0.500        0.030     0.000               0.530                            10.295         1,117.56    Yes           2YP                       42.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217163                   100.00   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920           628.74    Yes           2YP                       47.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217254                   100.00   No MI                 NO MI                 0                                 10.690            0.500        0.030     0.000               0.530                            10.160         1,049.74    No            NO                        42.38   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217285                   100.00   No MI                 NO MI                 0                                 10.140            0.500        0.030     0.000               0.530                             9.610           710.35    Yes           3YP                       28.47   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217325                   100.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           759.23    Yes           1YP                       36.92   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217350                   100.00   No MI                 NO MI                 0                                 10.790            0.500        0.030     0.000               0.530                            10.260           421.42    Yes           3YP                       36.87   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217424                   100.00   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           486.04    Yes           2YP                       44.38   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217471                    95.00   No MI                 NO MI                 0                                 13.000            0.500        0.030     0.000               0.530                            12.470         1,039.83    No            NO                        34.52   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217504                    95.00   No MI                 NO MI                 0                                 11.990            0.500        0.030     0.000               0.530                            11.460           585.87    No            NO                        21.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217520                   100.00   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920         1,209.59    Yes           3YP                       39.45   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217693                   100.00   No MI                 NO MI                 0                                 12.950            0.500        0.030     0.000               0.530                            12.420           661.38    Yes           3YP                       45.04   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217763                    95.00   No MI                 NO MI                 0                                 11.800            0.500        0.030     0.000               0.530                            11.270           377.04    No            NO                        24.64   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503217987                   100.00   No MI                 NO MI                 0                                 12.840            0.500        0.030     0.000               0.530                            12.310         1,190.48    No            NO                        41.13   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503218195                    94.99   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920           744.37    No            NO                        26.29   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503218213                    90.00   No MI                 NO MI                 0                                 12.540            0.500        0.030     0.000               0.530                            12.010           452.33    No            NO                        13.30   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
5500003734                    64.00   No MI                 NO MI                 0                                  6.650            0.250        0.030     0.000               0.280                             6.370        23,847.02    Yes           10YP                       0.00   10/6 MTA 10YR BAL                                     MTA                           6                6                          20161201                                       117        2.500
5500003925                    73.42   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220        12,030.42    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.500
5500004053                    75.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345        13,446.53    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20161201                                       117        3.000
5500004058                    69.07   No MI                 NO MI                 0                                  6.525            0.250        0.030     0.000               0.280                             6.245        20,950.69    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.500
5500004097                    72.00   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         8,358.72    Yes           3YP                        0.00   3/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20100101                                        34        2.625
5500004106                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,673.35    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161101                                       116        2.750
5500004110                    80.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670        28,596.15    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500004111                    80.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         4,871.94    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.500
5500004119                    80.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,886.41    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20131201                                        81        2.750
5500004120                    80.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         1,762.45    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20131201                                        81        2.750
5500004126                    75.00   No MI                 NO MI                 0                                  7.075            0.250        0.030     0.000               0.280                             6.795         4,122.63    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.500
5500004137                    75.00   No MI                 NO MI                 0                                  6.975            0.250        0.030     0.000               0.280                             6.695         3,011.20    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.500
5500004150                    72.27   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095        13,413.20    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004151                    69.34   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         5,926.76    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004153                    75.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845        25,519.64    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004155                    70.00   No MI                 NO MI                 0                                  6.900            0.250        0.030     0.000               0.280                             6.620         9,458.75    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.500
5500004159                    70.00   No MI                 NO MI                 0                                  6.975            0.250        0.030     0.000               0.280                             6.695         3,251.76    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.500
5500004160                    65.57   No MI                 NO MI                 0                                  8.325            0.250        0.030     0.000               0.280                             8.045         3,026.18    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        3.000
5500004161                    75.00   No MI                 NO MI                 0                                  6.575            0.250        0.030     0.000               0.280                             6.295         5,733.08    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20131201                                        81        2.500
5500004164                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         3,406.33    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.875
5500004170                    80.00   No MI                 NO MI                 0                                  6.825            0.250        0.030     0.000               0.280                             6.545         3,189.53    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004171                    64.86   No MI                 NO MI                 0                                  6.825            0.250        0.030     0.000               0.280                             6.545         4,705.86    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004172                    80.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         5,255.43    Yes           5YP                        0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.500
5500004173                    75.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         4,596.94    Yes           5YP                        0.00   30/10 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
5500004178                    66.18   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220        14,221.53    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        3.000
5500004180                    52.63   No MI                 NO MI                 0                                  6.600            0.250        0.030     0.000               0.280                             6.320        12,773.18    Yes           5YP                        0.00   5/6 LIBOR 15YR BAL                                    LIBOR                         6                6                          20111201                                        57        2.500
5500004181                    80.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         7,132.47    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500004182                    75.00   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         5,715.28    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.750
5500004183                    67.89   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,796.40    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500004186                    69.97   No MI                 NO MI                 0                                  7.425            0.250        0.030     0.000               0.280                             7.145         3,484.31    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        3.000
5500004187                    75.00   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         6,080.61    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.500
5500004188                    75.00   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         3,969.04    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500004189                    62.86   No MI                 NO MI                 0                                  7.425            0.250        0.030     0.000               0.280                             7.145         3,053.98    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        3.000
5500004190                    73.83   No MI                 NO MI                 0                                  7.925            0.250        0.030     0.000               0.280                             7.645         6,884.73    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        3.000
5500004191                    79.95   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         5,149.00    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500004193                    24.01   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         3,246.69    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500004198                    80.00   No MI                 NO MI                 0                                  6.525            0.250        0.030     0.000               0.280                             6.245        19,721.15    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.625
5500004201                    53.92   No MI                 NO MI                 0                                  6.525            0.250        0.030     0.000               0.280                             6.245         8,971.88    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500004203                    75.00   No MI                 NO MI                 0                                  6.725            0.250        0.030     0.000               0.280                             6.445        11,984.51    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.500
5500004211                    67.54   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         7,215.06    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170201                                       119        3.000
5500004217                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         6,238.70    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500004220                    70.74   No MI                 NO MI                 0                                  6.450            0.250        0.030     0.000               0.280                             6.170         3,889.99    Yes           3YP                        0.00   3/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20100101                                        34        2.500
5500004223                    62.40   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         9,860.26    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170201                                       119        3.000
5500004240                    80.00   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         7,305.91    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500004245                    62.26   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         4,247.90    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.500
5500004248                    70.00   No MI                 NO MI                 0                                  6.525            0.250        0.030     0.000               0.280                             6.245         2,918.58    Yes           7YP                        0.00   7/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20140101                                        82        2.625
5500004249                    50.25   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395        11,771.82    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120301                                        60        2.750
5500004252                    76.91   No MI                 NO MI                 0                                  6.525            0.250        0.030     0.000               0.280                             6.245         4,011.40    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500004255                    68.13   No MI                 NO MI                 0                                  6.000            0.250        0.030     0.000               0.280                             5.720        37,172.13    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        3.000
5500004276                    67.92   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020         4,947.18    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120201                                        59        2.625
5500004283                    80.00   No MI                 NO MI                 0                                  6.900            0.250        0.030     0.000               0.280                             6.620         8,166.64    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
5500004292                    75.00   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         4,960.00    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
5500004294                    74.67   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         3,584.00    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
5500004308                    52.14   No MI                 NO MI                 0                                  6.800            0.250        0.030     0.000               0.280                             6.520         3,323.10    Yes           10YP                       0.00   10/6 LIBOR 10YR BAL                                   LIBOR                         6                6                          20170201                                       119        2.625
5500004318                    77.46   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         3,076.47    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.625
5500004319                    66.18   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920        15,403.59    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120201                                        59        2.450
5500004327                    75.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095        10,972.31    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.500
5500004328                    60.00   No MI                 NO MI                 0                                  6.075            0.250        0.030     0.000               0.280                             5.795         9,065.71    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120201                                        59        2.450
5500004338                    65.00   No MI                 NO MI                 0                                  6.950            0.250        0.030     0.000               0.280                             6.670         6,453.99    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.750
5500005014                    68.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,683.33    Yes           7YP                        0.00   7/6 MTA IO                                      36    MTA                           6                6                          20140101                                        82        2.450
5500005064                    61.63   No MI                 NO MI                 0                                  6.325            0.250        0.030     0.000               0.280                             6.045        15,297.87    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20111201                                        57        2.450
5500005080                    56.68   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         8,563.19    Yes           10YP                       0.00   10/6 LIBOR IO                                   36    LIBOR                         6                6                          20161201                                       117        2.750
5500005082                    54.95   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270         7,942.00    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005084                    65.91   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         4,405.18    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20161201                                       117        2.750
5500005103                    53.25   No MI                 NO MI                 0                                  6.575            0.250        0.030     0.000               0.280                             6.295         2,866.54    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005124                    74.97   No MI                 NO MI                 0                                  6.325            0.250        0.030     0.000               0.280                             6.045        16,216.89    Yes           5YP                        0.00   5/6 MTA 10YR BAL                                      MTA                           6                6                          20120101                                        58        2.750
5500005131                    61.11   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         7,226.22    Yes           10YP                       0.00   30/10 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
5500005142                    45.62   No MI                 NO MI                 0                                  6.025            0.250        0.030     0.000               0.280                             5.745         5,073.78    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005151                    56.56   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920        15,370.83    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20111201                                        57        2.500
5500005154                    75.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220        21,806.35    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        3.000
5500005156                    61.56   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         5,644.29    Yes           7YP                        0.00   7/6 MTA                                               MTA                           6                6                          20131201                                        81        2.450
5500005158                    71.28   No MI                 NO MI                 0                                  6.325            0.250        0.030     0.000               0.280                             6.045         4,812.78    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20111101                                        56        2.450
5500005159                    51.87   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345        10,296.20    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170201                                       119        3.125
5500005161                    53.95   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         3,761.87    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        3.000
5500005165                    44.64   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470        16,863.55    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        3.000
5500005170                    44.66   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345        12,582.11    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20161201                                       117        3.000
5500005185                    55.17   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         5,017.15    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005189                    61.76   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         4,573.43    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005196                    56.71   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         4,433.15    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005199                    63.93   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         6,331.77    Yes           10YP                       0.00   25/10 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
5500005204                    69.10   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070        12,789.39    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20111201                                        57        2.475
5500005205                    69.11   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070        12,214.58    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20111201                                        57        2.475
5500005206                    66.94   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070        11,927.18    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20111201                                        57        2.475
5500005214                    71.43   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645         6,542.11    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005215                    56.67   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         8,747.92    Yes           7YP                        0.00   7/6 MTA IO                                      36    MTA                           6                6                          20131201                                        81        2.450
5500005216                    74.59   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         6,442.31    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20111201                                        57        2.575
5500005217                    60.66   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         9,519.79    Yes           7YP                        0.00   7/6 MTA IO                                      36    MTA                           6                6                          20131201                                        81        2.450
5500005218                    64.10   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         5,145.83    Yes           7YP                        0.00   7/6 MTA IO                                      36    MTA                           6                6                          20131201                                        81        2.450
5500005220                    63.64   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895        10,806.25    Yes           7YP                        0.00   7/6 MTA IO                                      36    MTA                           6                6                          20131201                                        81        2.450
5500005222                    66.54   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         4,972.05    Yes           10YP                       0.00   10/6 LIBOR 10YR BAL                                   LIBOR                         6                6                          20170101                                       118        2.625
5500005223                    70.64   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645        11,448.69    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005225                    54.42   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         7,299.28    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005228                    28.11   No MI                 NO MI                 0                                  6.800            0.250        0.030     0.000               0.280                             6.520         5,085.02    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        2.875
5500005229                    48.28   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         9,010.69    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005230                    75.00   No MI                 NO MI                 0                                  7.875            0.250        0.030     0.000               0.280                             7.595         2,419.92    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.500
5500005231                    36.32   No MI                 NO MI                 0                                  7.550            0.250        0.030     0.000               0.280                             7.270         2,424.11    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        3.250
5500005237                    55.56   No MI                 NO MI                 0                                  6.450            0.250        0.030     0.000               0.280                             6.170         2,687.50    Yes           3YP                        0.00   3/6 LIBOR IO                                    36    LIBOR                         6                6                          20091201                                        33        2.500
5500005238                    47.73   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345        11,593.75    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005240                    70.00   No MI                 NO MI                 0                                  6.100            0.250        0.030     0.000               0.280                             5.820         5,599.39    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        2.350
5500005241                    65.00   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         5,829.30    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
5500005242                    65.00   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         4,728.66    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
5500005243                    55.81   No MI                 NO MI                 0                                  6.225            0.250        0.030     0.000               0.280                             5.945         3,684.55    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20161201                                       117        2.450
5500005248                    65.00   No MI                 NO MI                 0                                  7.000            0.250        0.030     0.000               0.280                             6.720         4,043.38    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
5500005254                    54.62   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020         4,394.71    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.575
5500005255                    57.19   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         5,487.83    Yes           7YP                        0.00   7/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20140201                                        83        2.875
5500005256                    64.95   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345         4,033.96    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        3.125
5500005263                    66.06   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         4,305.37    Yes           10YP                       0.00   10/6 LIBOR 10YR BAL                                   LIBOR                         6                6                          20170101                                       118        2.675
5500005266                    67.28   No MI                 NO MI                 0                                  7.125            0.250        0.030     0.000               0.280                             6.845         4,177.05    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20091201                                        33        3.000
5500005267                    69.09   No MI                 NO MI                 0                                  7.800            0.250        0.030     0.000               0.280                             7.520         3,829.71    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.000
5500005268                    60.51   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         3,120.41    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20111201                                        57        2.875
5500005275                    55.00   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         5,894.47    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005276                    55.00   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         6,067.84    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005277                    68.88   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         5,097.70    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100101                                        34        2.750
5500005278                    65.95   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         6,972.43    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.750
5500005279                    70.00   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         3,982.03    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500005280                    54.28   No MI                 NO MI                 0                                  6.750            0.250        0.030     0.000               0.280                             6.470         9,955.39    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120101                                        58        2.725
5500005281                    61.19   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         6,000.93    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120101                                        58        2.475
5500005283                    57.14   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         6,280.32    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005287                    59.17   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         4,310.02    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005289                    75.00   No MI                 NO MI                 0                                  6.125            0.250        0.030     0.000               0.280                             5.845         3,426.92    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005290                    63.23   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020        19,320.00    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005293                    45.58   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         3,204.51    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005295                    59.66   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         3,786.67    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005296                    66.13   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         5,002.42    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.575
5500005297                    34.81   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         4,234.86    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170101                                       118        3.125
5500005298                    56.90   No MI                 NO MI                 0                                  6.500            0.250        0.030     0.000               0.280                             6.220         2,686.29    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005300                    54.97   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         4,417.00    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20111201                                        57        2.450
5500005301                    43.83   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         3,204.51    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005302                    29.56   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         3,733.41    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005303                    63.09   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145        12,542.87    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170301                                       120        2.750
5500005305                    57.93   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         5,117.52    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005306                    49.74   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         6,083.29    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005307                    75.00   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         4,296.17    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500005308                    53.85   No MI                 NO MI                 0                                  6.850            0.250        0.030     0.000               0.280                             6.570         4,586.81    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        3.000
5500005309                    50.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         4,617.88    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.750
5500005311                    70.00   No MI                 NO MI                 0                                  6.550            0.250        0.030     0.000               0.280                             6.270         4,638.55    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120101                                        58        2.625
5500005315                    75.00   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         3,374.77    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120201                                        59        2.475
5500005316                    71.03   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645        26,465.80    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005319                    69.66   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         3,355.22    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500005322                    54.69   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645         5,203.95    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005323                    62.08   No MI                 NO MI                 0                                  6.225            0.250        0.030     0.000               0.280                             5.945         3,488.04    Yes           7YP                        0.00   7/6 MTA                                               MTA                           6                6                          20140101                                        82        2.450
5500005325                    73.12   No MI                 NO MI                 0                                  6.600            0.250        0.030     0.000               0.280                             6.320         8,079.03    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        2.500
5500005327                    62.60   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770         9,831.25    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005328                    57.29   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770        13,864.58    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005329                    48.89   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770         5,545.83    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120101                                        58        2.500
5500005331                    41.24   No MI                 NO MI                 0                                  6.450            0.250        0.030     0.000               0.280                             6.170         3,225.00    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
5500005332                    59.63   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         8,110.31    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500005335                    80.00   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145        11,990.99    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        2.500
5500005341                    75.00   No MI                 NO MI                 0                                  6.625            0.250        0.030     0.000               0.280                             6.345        10,445.07    Yes           7YP                        0.00   7/6 LIBOR                                             LIBOR                         6                6                          20140101                                        82        2.500
5500005342                    68.31   No MI                 NO MI                 0                                  8.250            0.250        0.030     0.000               0.280                             7.970         3,335.62    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120101                                        58        3.750
5500005344                    66.50   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770        16,835.34    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.750
5500005353                    75.00   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         3,944.26    Yes           5YP                        0.00   5/6 MTA 10YR BAL                                      MTA                           6                6                          20120201                                        59        2.700
5500005355                    75.00   No MI                 NO MI                 0                                  6.400            0.250        0.030     0.000               0.280                             6.120         5,113.51    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.500
5500005358                    43.01   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145        11,288.59    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500005360                    56.76   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         4,965.73    Yes           5YP                        0.00   5/6 MTA IO                                      60    MTA                           6                6                          20120201                                        59        2.625
5500005361                    55.21   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         4,502.60    Yes           5YP                        0.00   5/6 MTA IO                                      60    MTA                           6                6                          20120201                                        59        2.625
5500005362                    37.32   No MI                 NO MI                 0                                  6.675            0.250        0.030     0.000               0.280                             6.395         5,284.12    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170101                                       118        2.500
5500005363                    70.17   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770        22,923.31    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120101                                        58        2.475
5500005364                    68.06   No MI                 NO MI                 0                                  6.050            0.250        0.030     0.000               0.280                             5.770        20,348.59    Yes           5YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120101                                        58        2.475
5500005372                    66.83   No MI                 NO MI                 0                                  6.300            0.250        0.030     0.000               0.280                             6.020         3,543.75    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
5500005390                    67.84   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         5,283.83    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005413                    38.10   No MI                 NO MI                 0                                  6.025            0.250        0.030     0.000               0.280                             5.745         3,606.95    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005414                    52.17   No MI                 NO MI                 0                                  6.025            0.250        0.030     0.000               0.280                             5.745         3,606.95    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005423                    57.14   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895        11,024.24    Yes           3YP                        0.00   5/6 LIBOR 10YR BAL                                    LIBOR                         6                6                          20120201                                        59        2.625
5500005425                    61.90   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         5,017.19    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120201                                        59        2.500
5500005426                    70.34   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645         7,404.48    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005428                    67.57   No MI                 NO MI                 0                                  6.350            0.250        0.030     0.000               0.280                             6.070         3,111.18    Yes           7YP                        0.00   7/6 MTA 10YR BAL                                      MTA                           6                6                          20140101                                        82        2.575
5500005432                    51.55   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         3,135.72    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.500
5500005436                    68.00   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920         6,247.18    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120201                                        59        2.450
5500005437                    75.00   No MI                 NO MI                 0                                  8.500            0.250        0.030     0.000               0.280                             8.220         3,379.37    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.500
5500005442                    50.25   No MI                 NO MI                 0                                  6.275            0.250        0.030     0.000               0.280                             5.995         3,086.72    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005443                    61.19   No MI                 NO MI                 0                                  6.175            0.250        0.030     0.000               0.280                             5.895         5,344.92    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005444                    71.54   No MI                 NO MI                 0                                  6.840            0.250        0.030     0.000               0.280                             6.560         5,760.41    Yes           10YP                       0.00   10/6 LIBOR 15YR BAL                                   LIBOR                         6                6                          20170201                                       119        2.500
5500005454                    75.00   No MI                 NO MI                 0                                  6.100            0.250        0.030     0.000               0.280                             5.820         9,680.77    Yes           7YP                        0.00   7/6 MTA                                               MTA                           6                6                          20140301                                        84        2.450
5500005455                    75.00   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645         5,954.81    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120101                                        58        2.450
5500005460                    58.53   No MI                 NO MI                 0                                  6.875            0.250        0.030     0.000               0.280                             6.595         2,299.25    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
5500005470                    61.67   No MI                 NO MI                 0                                  7.025            0.250        0.030     0.000               0.280                             6.745         2,467.83    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100101                                        34        3.000
5500005471                    70.00   No MI                 NO MI                 0                                  6.275            0.250        0.030     0.000               0.280                             5.995         4,407.84    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.750
5500005472                    55.94   No MI                 NO MI                 0                                  6.275            0.250        0.030     0.000               0.280                             5.995         4,302.89    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170101                                       118        2.450
5500005478                    65.00   No MI                 NO MI                 0                                  5.925            0.250        0.030     0.000               0.280                             5.645         5,798.69    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120201                                        59        2.450
5500005481                    75.00   No MI                 NO MI                 0                                  7.275            0.250        0.030     0.000               0.280                             6.995         5,129.05    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
5500005482                    80.00   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095         4,367.09    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120201                                        59        2.450
5500005484                    70.80   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         3,762.86    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.500
5500005485                    73.10   No MI                 NO MI                 0                                  7.275            0.250        0.030     0.000               0.280                             6.995         3,624.53    Yes           3YP                        0.00   3/6 LIBOR                                             LIBOR                         6                6                          20100201                                        35        3.000
5500005500                    71.20   No MI                 NO MI                 0                                  7.400            0.250        0.030     0.000               0.280                             7.120         3,081.09    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        3.000
5500005501                    65.00   No MI                 NO MI                 0                                  6.150            0.250        0.030     0.000               0.280                             5.870         4,373.50    Yes           5YP                        0.00   5/6 MTA 10YR BAL                                      MTA                           6                6                          20120201                                        59        2.575
5500005502                    75.00   No MI                 NO MI                 0                                  6.700            0.250        0.030     0.000               0.280                             6.420         4,588.18    Yes           5YP                        0.00   5/6 MTA 10YR BAL                                      MTA                           6                6                          20120201                                        59        2.575
5500005506                    65.00   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970        14,007.57    Yes           10YP                       0.00   10/6 LIBOR                                            LIBOR                         6                6                          20170201                                       119        2.750
5500005509                    67.74   No MI                 NO MI                 0                                  6.200            0.250        0.030     0.000               0.280                             5.920         3,255.00    Yes           5YP                        0.00   5/6 LIBOR IO                                    60    LIBOR                         6                6                          20120301                                        60        2.500
5500005510                    51.21   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,817.45    Yes           5YP                        0.00   5/6 LIBOR                                             LIBOR                         6                6                          20120201                                        59        2.500
5500005528                    68.57   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145        10,536.01    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005534                    60.00   No MI                 NO MI                 0                                  6.475            0.250        0.030     0.000               0.280                             6.195         4,149.94    Yes           10YP                       0.00   10/6 MTA 10YR BAL                                     MTA                           6                6                          20170301                                       120        2.575
5500005535                    41.05   No MI                 NO MI                 0                                  6.425            0.250        0.030     0.000               0.280                             6.145         3,135.72    Yes           10YP                       0.00   10/6 MTA                                              MTA                           6                6                          20170201                                       119        2.450
5500005556                    59.17   No MI                 NO MI                 0                                  6.250            0.250        0.030     0.000               0.280                             5.970         3,078.59    Yes           5YP                        0.00   5/6 MTA                                               MTA                           6                6                          20120301                                        60        2.450
5500005566                    73.44   No MI                 NO MI                 0                                  6.375            0.250        0.030     0.000               0.280                             6.095        13,549.51    Yes           5YP                        0.00   5/6 MTA 10YR BAL                                      MTA                           6                6                          20120201                                        59        2.575
1103620345                    90.00   No MI                 NO MI                 0                                 12.100            0.500        0.030     0.000               0.530                            11.570           580.34    Yes           2YP                       37.99   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103636910                   100.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           201.88    Yes           3YP                       40.02   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103639862                    95.00   No MI                 NO MI                 0                                 12.400            0.500        0.030     0.000               0.530                            11.870           469.68    No            NO                        25.54   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103646913                   100.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           684.77    Yes           1YP                       35.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103647381                    89.73   No MI                 NO MI                 0                                 12.625            0.500        0.030     0.000               0.530                            12.095           322.46    No            NO                        39.18   30/15 FIXED BAL IO                              60    FIXED                         0                0                                                                           0        0.000
1103648579                    90.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           537.66    Yes           2YP                       42.28   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103648881                    90.00   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           534.98    No            NO                        40.95   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649852                   100.00   No MI                 NO MI                 0                                 12.375            0.500        0.030     0.000               0.530                            11.845         1,121.02    Yes           2YP                       41.67   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103649975                    87.50   No MI                 NO MI                 0                                 11.875            0.500        0.030     0.000               0.530                            11.345           213.99    Yes           1YP                       40.08   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103650624                    87.00   No MI                 NO MI                 0                                 10.000            0.500        0.030     0.000               0.530                             9.470           265.38    Yes           3YP                       39.74   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103651272                    99.95   No MI                 NO MI                 0                                 10.750            0.500        0.030     0.000               0.530                            10.220           322.05    Yes           2YP                       39.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103652611                    84.99   No MI                 NO MI                 0                                 12.500            0.500        0.030     0.000               0.530                            11.970           527.23    No            NO                        30.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103653036                   100.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220           478.46    Yes           2YP                       43.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655581                    95.00   No MI                 NO MI                 0                                 12.250            0.500        0.030     0.000               0.530                            11.720           982.40    Yes           2YP                       38.62   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655643                    89.97   No MI                 NO MI                 0                                 11.250            0.500        0.030     0.000               0.530                            10.720           430.46    No            NO                        40.00   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103655747                    76.70   No MI                 NO MI                 0                                 11.000            0.500        0.030     0.000               0.530                            10.470         3,340.75    Yes           1YP                       39.73   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103656383                   100.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720           465.97    Yes           2YP                       31.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103657175                    94.96   No MI                 NO MI                 0                                 12.125            0.500        0.030     0.000               0.530                            11.595           576.23    No            NO                        34.26   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
1103659242                    78.69   No MI                 NO MI                 0                                  9.875            0.500        0.030     0.000               0.530                             9.345         3,473.39    Yes           2YP                       38.16   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503207522                   100.00   No MI                 NO MI                 0                                 11.750            0.500        0.030     0.000               0.530                            11.220         4,037.64    No            NO                        41.87   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503208947                    95.00   No MI                 NO MI                 0                                 11.650            0.500        0.030     0.000               0.530                            11.120           991.73    No            NO                        30.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210914                   100.00   No MI                 NO MI                 0                                 13.044            0.500        0.030     0.000               0.530                            12.514         1,264.99    Yes           2YP                       42.17   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503210930                   100.00   No MI                 NO MI                 0                                 10.795            0.500        0.030     0.000               0.530                            10.265         1,030.55    No            NO                        45.60   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211318                    95.00   No MI                 NO MI                 0                                 10.670            0.500        0.030     0.000               0.530                            10.140           505.01    Yes           3YP                       43.61   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211639                   100.00   No MI                 NO MI                 0                                 10.440            0.500        0.030     0.000               0.530                             9.910           273.08    No            NO                        39.68   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503211690                    95.00   No MI                 NO MI                 0                                 12.900            0.500        0.030     0.000               0.530                            12.370         1,318.07    No            NO                        24.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212084                    96.34   No MI                 NO MI                 0                                  9.750            0.500        0.030     0.000               0.530                             9.220           498.31    No            NO                        47.58   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503212147                   100.00   No MI                 NO MI                 0                                 12.650            0.500        0.030     0.000               0.530                            12.120         1,225.64    Yes           2YP                       44.10   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213152                   100.00   No MI                 NO MI                 0                                 13.340            0.500        0.030     0.000               0.530                            12.810         1,214.40    No            NO                        49.73   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213339                   100.00   No MI                 NO MI                 0                                 11.400            0.500        0.030     0.000               0.530                            10.870         1,591.92    Yes           3YP                       49.11   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213344                   100.00   No MI                 NO MI                 0                                 12.520            0.500        0.030     0.000               0.530                            11.990           769.54    Yes           3YP                       43.42   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213354                   100.00   No MI                 NO MI                 0                                 10.450            0.500        0.030     0.000               0.530                             9.920           655.92    Yes           1YP                       40.03   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213619                   100.00   No MI                 NO MI                 0                                 12.100            0.500        0.030     0.000               0.530                            11.570         1,212.49    No            NO                        41.75   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213701                   100.00   No MI                 NO MI                 0                                 12.200            0.500        0.030     0.000               0.530                            11.670         1,231.96    Yes           3YP                       41.72   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213747                    95.00   No MI                 NO MI                 0                                 11.140            0.500        0.030     0.000               0.530                            10.610           577.75    No            NO                        33.09   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503213867                   100.00   No MI                 NO MI                 0                                 10.950            0.500        0.030     0.000               0.530                            10.420           777.81    Yes           3YP                       48.05   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214005                   100.00   No MI                 NO MI                 0                                 11.940            0.500        0.030     0.000               0.530                            11.410         1,075.20    Yes           2YP                       42.21   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214097                   100.00   No MI                 NO MI                 0                                 10.540            0.500        0.030     0.000               0.530                            10.010           838.81    Yes           3YP                       39.40   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214168                   100.00   No MI                 NO MI                 0                                 10.940            0.500        0.030     0.000               0.530                            10.410         1,634.70    No            NO                        41.88   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214497                   100.00   No MI                 NO MI                 0                                  9.990            0.500        0.030     0.000               0.530                             9.460           968.90    No            NO                        38.87   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214528                   100.00   No MI                 NO MI                 0                                 10.250            0.500        0.030     0.000               0.530                             9.720         1,030.52    Yes           1YP                       38.46   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214546                    90.00   No MI                 NO MI                 0                                  9.550            0.500        0.030     0.000               0.530                             9.020           523.59    Yes           2YP                       32.85   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503214907                   100.00   No MI                 NO MI                 0                                  9.475            0.500        0.030     0.000               0.530                             8.945           721.57    Yes           2YP                       40.55   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215130                   100.00   No MI                 NO MI                 0                                 12.465            0.500        0.030     0.000               0.530                            11.935         1,107.12    Yes           1YP                       42.59   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215452                   100.00   No MI                 NO MI                 0                                 12.450            0.500        0.030     0.000               0.530                            11.920         1,190.98    No            NO                        43.67   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000
2503215555                   100.00   No MI                 NO MI                 0                                 12.990            0.500        0.030     0.000               0.530                            12.460           405.25    Yes           2YP                       42.86   30/15 FIXED BAL                                       FIXED                         0                0                                                                           0        0.000

LOAN_ID                  INIT_RATE_CAP            PER_RATE_CAP            GROSS_LIFE_CAP         MAX_RATE        MIN_RATE         FICO_SCORE   DOCTYPE                                  LOAN_PURP                   OCCTYPE                    PROPTYPE
1103584580                       5.000                   1.000                     5.000           13.250           2.250                654   Stated                                   Cash Out Refinance          Investor                   SFR
1103586631                       3.000                   1.000                     6.000           13.625           3.000                657   SISA                                     Rate/Term Refinance         Owner Occupied             CONDO
1103591424                       0.000                   0.000                     0.000            8.500           0.000                609   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103601212                       0.000                   0.000                     0.000            5.500           0.000                755   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103603669                       3.000                   1.000                     6.000           12.375           3.000                654   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103605997                       3.000                   1.000                     6.000           13.750           3.000                661   Stated                                   Cash Out Refinance          Second Home                HI-RISE
1103607944                       3.000                   1.000                     6.000           14.000           3.000                700   Stated                                   Purchase                    Investor                   3-FAMILY
1103608150                       3.000                   1.000                     6.000           13.250           3.000                690   Stated                                   Purchase                    Owner Occupied             CONDO
1103608558                       0.000                   0.000                     0.000            8.250           0.000                735   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
1103611552                       3.000                   1.000                     6.000           12.750           3.000                653   Stated                                   Purchase                    Owner Occupied             CONDO
1103611725                       3.000                   1.000                     6.000           13.500           3.000                727   Stated                                   Purchase                    Owner Occupied             SFR
1103613851                       3.000                   1.000                     6.000           12.250           3.000                702   Stated                                   Purchase                    Owner Occupied             SFR
1103617300                       3.000                   1.000                     6.000           12.500           3.500                725   Stated                                   Purchase                    Investor                   SFR
1103622198                       0.000                   0.000                     0.000            6.875           0.000                748   Stated                                   Rate/Term Refinance         Second Home                CONDO
1103622952                       3.000                   1.000                     4.740           11.990           3.000                712   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103623076                       3.000                   1.000                     6.000           14.500           3.000                664   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103623408                       3.000                   1.000                     6.000           12.375           3.000                660   Stated                                   Purchase                    Owner Occupied             SFR
1103624184                       0.000                   0.000                     0.000            8.500           0.000                720   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103625191                       0.000                   0.000                     0.000            6.875           0.000                690   Full                                     Purchase                    Owner Occupied             SFR
1103625345                       0.000                   0.000                     0.000            8.000           0.000                630   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103626012                       3.000                   1.000                     6.000           12.500           3.000                648   Express Verified Assets                  Purchase                    Second Home                SFR
1103627762                       0.000                   0.000                     0.000            6.875           0.000                622   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103628830                       3.000                   1.000                     6.000           13.125           3.000                757   Stated                                   Purchase                    Investor                   CONDOTEL
1103629224                       3.000                   1.000                     6.000           12.875           6.875                739   Stated                                   Purchase                    Owner Occupied             SFR
1103629431                       3.000                   1.000                     6.000           12.750           2.750                653   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             D-PUDS
1103629858                       3.000                   1.000                     6.000           12.000           3.000                683   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103630253                       3.000                   1.000                     6.000           13.000           6.250                658   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103630450                       0.000                   0.000                     0.000            6.250           0.000                741   Full                                     Purchase                    Owner Occupied             SFR
1103631161                       3.000                   1.000                     6.000           12.625           3.000                697   Stated                                   Purchase                    Second Home                HI-RISE
1103631249                       3.000                   1.000                     6.000           13.125           3.000                784   Stated                                   Purchase                    Investor                   CONDOTEL
1103631338                       3.000                   1.000                     6.000           12.875           3.000                763   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103631564                       0.000                   0.000                     0.000            6.500           0.000                723   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103631951                       3.000                   1.000                     6.000           14.125           3.000                674   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103632042                       0.000                   0.000                     0.000            7.000           0.000                689   Stated                                   Purchase                    Investor                   HI-RISE
1103632374                       3.000                   1.000                     6.000           14.750           3.500                681   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103632425                       0.000                   0.000                     0.000            5.500           0.000                678   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103632669                       0.000                   0.000                     0.000            7.375           0.000                675   Stated                                   Cash Out Refinance          Investor                   HI-RISE
1103632722                       0.000                   0.000                     0.000            7.375           0.000                675   Stated                                   Cash Out Refinance          Investor                   HI-RISE
1103632732                       3.000                   1.000                     6.000           14.375           3.000                752   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
1103632963                       3.000                   1.000                     6.000           12.625           3.000                754   Stated                                   Purchase                    Owner Occupied             CONDO
1103633014                       0.000                   0.000                     0.000            5.750           0.000                730   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103633115                       3.000                   1.000                     6.000           14.990           3.000                636   Stated                                   Purchase                    Second Home                SFR
1103633151                       3.000                   1.000                     6.000           12.500           3.000                694   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103633224                       3.000                   1.000                     6.000           12.500           3.000                714   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103633318                       3.000                   1.000                     6.000           12.875           3.000                753   Stated                                   Purchase                    Second Home                HI-RISE
1103633412                       3.000                   1.000                     6.000           11.375           2.750                777   Full                                     Cash Out Refinance          Investor                   CONDO
1103633673                       3.000                   1.000                     6.000           12.250           3.000                779   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103633769                       3.000                   1.000                     6.000           12.625           2.750                683   Express Verified Assets                  Cash Out Refinance          Owner Occupied             CONDO
1103633982                       3.000                   1.000                     6.000           13.500           3.000                696   Stated                                   Purchase                    Investor                   SFR
1103634051                       0.000                   0.000                     0.000            6.000           0.000                672   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
1103634224                       3.000                   1.000                     6.000           12.375           3.000                670   Stated                                   Purchase                    Owner Occupied             SFR
1103634332                       0.000                   0.000                     0.000            5.375           0.000                729   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103634386                       3.000                   1.000                     6.000           14.990           3.000                676   Express Non-Verified Assets              Purchase                    Second Home                SFR
1103634730                       3.000                   1.000                     6.000           12.625           3.000                729   Stated                                   Purchase                    Owner Occupied             CONDO
1103635046                       3.000                   1.000                     6.000           12.750           3.000                680   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103635508                       0.000                   0.000                     0.000            6.000           0.000                713   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
1103635662                       3.000                   1.000                     6.000           13.875           3.625                694   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103635709                       3.000                   1.000                     6.000           14.750           3.000                652   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103635773                       0.000                   0.000                     0.000            5.500           0.000                771   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103635779                       0.000                   0.000                     0.000            7.250           0.000                662   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
1103635799                       0.000                   0.000                     0.000            6.750           0.000                661   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103635804                       3.000                   1.000                     6.000           11.750           3.000                707   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103635994                       3.000                   1.000                     6.000           12.250           3.000                683   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103636117                       3.000                   1.000                     6.000           14.125           3.000                701   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
1103636219                       3.000                   1.000                     6.000           14.375           3.000                  0   Full                                     Purchase                    Second Home                CONDOTEL
1103636277                       3.000                   1.000                     6.000           13.375           7.375                661   Stated                                   Purchase                    Investor                   D-PUDS
1103636350                       3.000                   1.000                     6.000           14.250           3.000                645   Express Non-Verified Assets              Purchase                    Owner Occupied             D-PUDS
1103636410                       0.000                   0.000                     0.000            7.125           0.000                686   Stated                                   Purchase                    Investor                   PUD
1103636504                       3.000                   1.000                     6.000           13.125           3.000                654   Stated                                   Purchase                    Owner Occupied             SFR
1103636520                       0.000                   0.000                     0.000            5.875           0.000                780   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103636655                       3.000                   1.000                     6.000           13.000           2.500                665   Stated                                   Purchase                    Owner Occupied             SFR
1103636716                       3.000                   1.000                     6.000           14.250           3.000                670   Stated                                   Purchase                    Investor                   3-FAMILY
1103636729                       0.000                   0.000                     0.000            8.500           0.000                719   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103636745                       3.000                   1.000                     6.000           13.875           3.000                673   SISA                                     Purchase                    Owner Occupied             CONDO
1103636795                       3.000                   1.000                     6.000           12.000           3.000                714   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103636823                       0.000                   0.000                     0.000            5.750           0.000                721   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103636850                       3.000                   1.000                     6.000           13.375           2.500                689   SISA                                     Purchase                    Owner Occupied             SFR
1103636904                       3.000                   1.000                     6.000           15.250           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
1103636905                       3.000                   1.000                     6.000           13.375           3.000                724   Stated                                   Purchase                    Investor                   SFR
1103636911                       3.000                   1.000                     6.000           13.500           6.500                710   Express No Doc Verified Assets           Rate/Term Refinance         Owner Occupied             CONDO
1103636915                       3.000                   1.000                     6.000           13.000           3.000                749   Full                                     Purchase                    Investor                   HI-RISE
1103636947                       3.000                   1.000                     6.000           12.500           3.000                727   Express Non-Verified Assets              Purchase                    Owner Occupied             SFR
1103637007                       3.000                   1.000                     6.000           13.875           3.000                643   Stated                                   Purchase                    Investor                   SFR
1103637164                       5.000                   2.000                     5.000           11.000           6.000                776   Stated                                   Purchase                    Owner Occupied             SFR
1103637218                       3.000                   1.000                     6.000           13.125           3.000                656   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103637474                       0.000                   0.000                     0.000            6.500           0.000                747   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103637660                       0.000                   0.000                     0.000            6.875           0.000                712   Stated                                   Cash Out Refinance          Investor                   HI-RISE
1103637690                       3.000                   1.000                     6.000           12.125           3.000                685   Express No Doc                           Rate/Term Refinance         Owner Occupied             CONDO
1103637779                       3.000                   1.000                     6.000           13.125           2.500                729   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103637781                       0.000                   0.000                     0.000            7.375           0.000                648   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103637846                       0.000                   0.000                     0.000            7.000           0.000                683   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103637870                       3.000                   1.000                     6.000           12.750           3.000                793   Express Verified Assets                  Purchase                    Investor                   SFR
1103637964                       3.000                   1.000                     6.000           12.625           3.000                660   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103637965                       3.000                   1.000                     6.000           11.625           2.500                775   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             D-PUDS
1103637976                       3.000                   1.000                     6.000           12.250           3.000                766   Stated                                   Rate/Term Refinance         Investor                   SFR
1103638046                       3.000                   1.000                     6.000           13.500           7.500                612   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103638060                       3.000                   1.000                     6.000           11.990           5.990                644   Stated                                   Purchase                    Owner Occupied             CONDO
1103638077                       3.000                   1.000                     6.000           13.750           7.750                661   Stated                                   Purchase                    Investor                   2-FAMILY
1103638257                       3.000                   1.000                     6.000           13.500           3.000                746   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
1103638365                       3.000                   1.000                     6.000           13.500           7.500                731   Stated                                   Purchase                    Owner Occupied             SFR
1103638398                       3.000                   1.000                     6.000           14.600           6.125                643   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103638401                       3.000                   1.000                     6.000           13.000           3.000                671   Stated                                   Purchase                    Second Home                HI-RISE
1103638514                       3.000                   1.000                     6.000           12.250           3.000                653   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103638571                       3.000                   1.000                     6.000           12.250           3.000                735   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103638615                       2.000                   2.000                     6.000           12.375           2.250                689   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103638677                       3.000                   1.000                     6.000           12.750           3.000                773   Full                                     Purchase                    Owner Occupied             SFR
1103638718                       3.000                   1.000                     6.000           12.990           3.000                696   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103638729                       3.000                   1.000                     6.000           11.750           3.000                735   Stated                                   Cash Out Refinance          Investor                   D-PUDS
1103638735                       3.000                   1.000                     6.000           12.875           3.000                782   Stated                                   Purchase                    Second Home                HI-RISE
1103638743                       3.000                   1.000                     6.000           13.500           2.500                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103638819                       0.000                   0.000                     0.000            6.125           0.000                760   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
1103638840                       3.000                   1.000                     6.000           15.500           4.500                647   Express Non-Verified Assets              Purchase                    Investor                   SFR
1103638846                       3.000                   1.000                     6.000           13.125           3.000                686   Stated                                   Purchase                    Owner Occupied             4-FAMILY
1103638851                       3.000                   1.000                     6.000           11.875           2.500                686   SISA                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103638854                       0.000                   0.000                     0.000            6.250           0.000                657   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103638942                       3.000                   1.000                     6.000           12.375           3.000                682   Stated                                   Purchase                    Investor                   CONDO
1103638960                       0.000                   0.000                     0.000            5.500           0.000                693   Express Verified Assets                  Cash Out Refinance          Owner Occupied             D-PUDS
1103639011                       3.000                   1.000                     6.000           12.500           2.500                690   Stated                                   Cash Out Refinance          Investor                   SFR
1103639017                       3.000                   1.000                     6.000           13.625           7.625                720   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103639029                       0.000                   0.000                     0.000            6.875           0.000                654   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103639156                       3.000                   1.000                     6.000           13.875           3.500                666   Stated                                   Cash Out Refinance          Investor                   SFR
1103639160                       0.000                   0.000                     0.000            6.625           0.000                743   Full                                     Rate/Term Refinance         Investor                   SFR
1103639186                       6.000                   2.000                     6.000           12.500           2.250                794   Express Verified Assets                  Purchase                    Second Home                SFR
1103639192                       6.000                   2.000                     6.000           12.375           2.250                787   Stated                                   Rate/Term Refinance         Investor                   PUD
1103639194                       6.000                   2.000                     6.000           13.000           2.250                648   Stated                                   Purchase                    Owner Occupied             PUD
1103639195                       6.000                   2.000                     6.000           13.250           2.250                644   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
1103639273                       3.000                   1.000                     6.000           11.875           4.875                739   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103639318                       3.000                   1.000                     6.000           11.875           5.875                739   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103639326                       3.000                   1.000                     6.000           12.000           3.000                710   Full                                     Rate/Term Refinance         Second Home                D-PUDS
1103639331                       3.000                   1.000                     6.000           11.625           2.750                740   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103639417                       3.000                   1.000                     6.000           13.125           3.000                670   SISA                                     Purchase                    Investor                   4-FAMILY
1103639478                       0.000                   0.000                     0.000            7.875           0.000                652   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103639507                       3.000                   1.000                     6.000           12.625           3.000                674   Stated                                   Purchase                    Owner Occupied             SFR
1103639567                       6.000                   2.000                     6.000           13.250           4.000                644   Express Verified Assets                  Purchase                    Owner Occupied             TOWNHOUSE
1103639568                       6.000                   2.000                     6.000           14.125           4.000                675   Express Verified Assets                  Purchase                    Investor                   SFR
1103639572                       6.000                   2.000                     6.000           13.625           4.000                646   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103639573                       6.000                   2.000                     6.000           13.000           4.000                651   Express Verified Assets                  Cash Out Refinance          Owner Occupied             TOWNHOUSE
1103639580                       6.000                   2.000                     6.000           13.000           4.000                640   Express Verified Assets                  Cash Out Refinance          Owner Occupied             TOWNHOUSE
1103639605                       0.000                   0.000                     0.000            6.900           0.000                667   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103639616                       3.000                   1.000                     6.000           13.250           3.000                703   Full                                     Purchase                    Investor                   CONDO
1103639617                       3.000                   1.000                     6.000           13.500           3.000                697   Stated                                   Purchase                    Owner Occupied             SFR
1103639665                       5.000                   2.000                     5.000           11.500           3.250                699   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103639807                       3.000                   1.000                     6.000           12.500           3.000                747   Express No Doc                           Purchase                    Owner Occupied             SFR
1103639815                       3.000                   1.000                     6.000           13.750           3.000                644   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103639866                       0.000                   0.000                     0.000            6.500           0.000                734   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103639867                       3.000                   1.000                     6.000           12.875           3.500                664   Stated                                   Purchase                    Owner Occupied             SFR
1103639875                       3.000                   1.000                     6.000           11.875           3.000                747   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103639902                       3.000                   1.000                     6.000           12.875           6.875                686   Stated                                   Purchase                    Investor                   CONDO
1103639929                       0.000                   0.000                     0.000            5.875           0.000                753   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103639974                       3.000                   1.000                     6.000           11.250           3.000                689   Stated                                   Rate/Term Refinance         Investor                   SFR
1103639979                       3.000                   1.000                     6.000           11.875           3.000                734   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
1103640004                       3.000                   1.000                     6.000           12.500           3.000                748   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103640107                       3.000                   1.000                     6.000           11.500           3.000                757   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103640124                       3.000                   1.000                     6.000           13.500           3.000                699   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103640158                       0.000                   0.000                     0.000            6.375           0.000                801   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103640172                       3.000                   1.000                     6.000           14.875           3.000                674   Stated                                   Purchase                    Owner Occupied             SFR
1103640195                       3.000                   1.000                     6.000           13.500           3.000                651   Express Verified Assets                  Cash Out Refinance          Second Home                SFR
1103640236                       3.000                   1.000                     6.000           13.250           3.000                716   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103640267                       0.000                   0.000                     0.000            6.250           0.000                732   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103640282                       3.000                   1.000                     6.000           13.125           3.000                757   Stated                                   Purchase                    Investor                   CONDOTEL
1103640297                       3.000                   1.000                     6.000           15.750           9.750                668   Stated                                   Purchase                    Investor                   CONDO
1103640353                       0.000                   0.000                     0.000            6.175           0.000                701   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103640357                       3.000                   1.000                     6.000           13.500           7.500                680   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103640383                       0.000                   0.000                     0.000            6.250           0.000                651   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103640408                       3.000                   1.000                     6.000           11.125           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
1103640436                       0.000                   0.000                     0.000            5.875           0.000                770   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103640464                       3.000                   1.000                     6.000           14.650           3.000                696   SISA                                     Purchase                    Investor                   CONDO
1103640504                       0.000                   0.000                     0.000            5.875           0.000                762   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103640511                       0.000                   0.000                     0.000            7.250           0.000                711   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103640526                       3.000                   1.000                     6.000           13.500           2.500                749   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103640559                       3.000                   1.000                     6.000           13.750           3.500                661   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103640568                       3.000                   1.000                     6.000           16.375           3.000                667   Stated                                   Cash Out Refinance          Investor                   SFR
1103640628                       3.000                   1.000                     6.000           13.000           3.000                659   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103640631                       3.000                   1.000                     6.000           13.500           7.500                701   Stated                                   Purchase                    Investor                   HI-RISE
1103640659                       3.000                   1.000                     6.000           11.875           3.000                725   Stated                                   Cash Out Refinance          Investor                   CONDO
1103640693                       0.000                   0.000                     0.000            6.000           0.000                678   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103640699                       0.000                   0.000                     0.000            6.125           0.000                688   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103640711                       3.000                   1.000                     6.000           12.375           3.000                682   Stated                                   Cash Out Refinance          Investor                   SFR
1103640727                       3.000                   1.000                     6.000           13.000           7.000                733   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103640762                       5.000                   1.000                     5.000           11.875           3.250                701   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103640775                       5.000                   1.000                     5.000           12.000           3.250                681   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103640778                       5.000                   1.000                     5.000           12.375           3.750                666   Express Verified Assets                  Purchase                    Investor                   PUD
1103640793                       5.000                   1.000                     5.000           12.500           3.250                674   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103640794                       5.000                   1.000                     5.000           11.625           3.250                787   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103640798                       5.000                   1.000                     5.000           11.375           3.250                695   Stated                                   Purchase                    Owner Occupied             PUD
1103640806                       5.000                   1.000                     5.000           12.375           3.250                629   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
1103640816                       0.000                   0.000                     0.000            7.250           0.000                639   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103640822                       0.000                   0.000                     0.000            6.250           0.000                730   Express Verified Assets                  Purchase                    Investor                   PUD
1103640823                       0.000                   0.000                     0.000            7.125           0.000                665   Stated                                   Purchase                    Owner Occupied             CONDO
1103640825                       0.000                   0.000                     0.000            7.000           0.000                  0   Express No Doc                           Purchase                    Second Home                PUD
1103640827                       0.000                   0.000                     0.000            6.500           0.000                663   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103640891                       3.000                   1.000                     6.000           14.125           3.000                719   SISA                                     Cash Out Refinance          Investor                   SFR
1103640932                       3.000                   1.000                     6.000           12.990           3.000                661   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103640939                       3.000                   1.000                     6.000           13.125           7.125                651   Stated                                   Purchase                    Investor                   SFR
1103640942                       3.000                   1.000                     6.000           13.375           3.000                627   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103640954                       3.000                   1.000                     6.000           12.250           3.000                780   Stated                                   Purchase                    Investor                   D-PUDS
1103640963                       3.000                   1.000                     6.000           11.875           3.000                800   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
1103640964                       3.000                   1.000                     6.000           12.750           3.000                715   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103640981                       0.000                   0.000                     0.000            6.000           0.000                685   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103640999                       3.000                   1.000                     6.000           13.125           2.500                690   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103641001                       0.000                   0.000                     0.000            6.500           0.000                643   Stated                                   Purchase                    Owner Occupied             SFR
1103641005                       0.000                   0.000                     0.000            6.250           0.000                756   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103641007                       3.000                   1.000                     6.000           12.625           3.000                662   Full                                     Purchase                    Owner Occupied             CONDO
1103641018                       3.000                   1.000                     6.000           12.750           3.000                693   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103641049                       3.000                   1.000                     6.000           12.625           3.000                682   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103641064                       3.000                   1.000                     6.000           13.375           3.000                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103641067                       3.000                   1.000                     6.000           13.125           3.000                793   Stated                                   Purchase                    Investor                   D-PUDS
1103641070                       3.000                   1.000                     6.000           12.250           6.250                727   Stated                                   Cash Out Refinance          Investor                   SFR
1103641118                       0.000                   0.000                     0.000            6.970           0.000                686   SISA                                     Cash Out Refinance          Investor                   SFR
1103641134                       3.000                   1.000                     6.000           12.500           3.000                745   Full                                     Cash Out Refinance          Investor                   SFR
1103641140                       3.000                   1.000                     6.000           13.500           3.000                601   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103641151                       3.000                   1.000                     6.000           13.250           7.250                701   Stated                                   Purchase                    Owner Occupied             CONDO
1103641152                       3.000                   1.000                     6.000           13.750           7.750                654   Stated                                   Purchase                    Owner Occupied             SFR
1103641156                       3.000                   1.000                     6.000           13.500           7.500                720   SISA                                     Purchase                    Owner Occupied             TOWNHOUSE
1103641158                       3.000                   1.000                     6.000           12.750           6.750                677   Full                                     Rate/Term Refinance         Investor                   4-FAMILY
1103641179                       3.000                   1.000                     6.000           12.990           6.990                777   Stated                                   Purchase                    Owner Occupied             CONDO
1103641188                       3.000                   1.000                     6.000           12.875           6.875                733   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103641189                       3.000                   1.000                     6.000           13.250           7.250                678   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103641195                       3.000                   1.000                     6.000           12.875           6.875                706   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103641207                       3.000                   1.000                     6.000           11.875           3.000                697   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103641235                       0.000                   0.000                     0.000            5.875           0.000                768   Stated                                   Cash Out Refinance          Investor                   SFR
1103641275                       3.000                   1.000                     6.000           12.250           2.500                737   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103641309                       0.000                   0.000                     0.000            6.375           0.000                777   Full                                     Rate/Term Refinance         Second Home                SFR
1103641354                       3.000                   1.000                     6.000           13.125           3.000                620   Stated                                   Purchase                    Owner Occupied             PUD
1103641358                       3.000                   1.000                     6.000           13.990           7.990                728   Stated                                   Purchase                    Investor                   SFR
1103641370                       3.000                   1.000                     6.000           12.500           3.000                747   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103641388                       3.000                   1.000                     6.000           12.750           3.000                620   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103641404                       0.000                   0.000                     0.000            6.750           0.000                756   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103641448                       0.000                   0.000                     0.000            6.000           0.000                707   Express Non-Verified Assets              Rate/Term Refinance         Investor                   SFR
1103641495                       3.000                   1.000                     6.000           13.250           3.000                692   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
1103641543                       3.000                   1.000                     6.000           13.125           2.750                697   Stated                                   Purchase                    Investor                   SFR
1103641550                       3.000                   1.000                     6.000           12.500           2.500                749   Stated                                   Cash Out Refinance          Investor                   SFR
1103641561                       3.000                   1.000                     6.000           11.375           2.750                781   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103641562                       3.000                   1.000                     6.000           11.875           2.750                781   Full                                     Purchase                    Investor                   SFR
1103641575                       0.000                   0.000                     0.000            6.250           0.000                774   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103641606                       0.000                   0.000                     0.000            6.875           0.000                732   SISA                                     Purchase                    Investor                   SFR
1103641613                       0.000                   0.000                     0.000            6.875           0.000                718   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103641616                       0.000                   0.000                     0.000            7.375           0.000                718   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103641621                       0.000                   0.000                     0.000            7.625           0.000                661   Express Verified Assets                  Purchase                    Investor                   SFR
1103641641                       3.000                   1.000                     6.000           11.750           3.000                712   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103641652                       3.000                   1.000                     6.000           13.750           3.000                629   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103641701                       3.000                   1.000                     6.000           12.875           3.000                684   Stated                                   Purchase                    Investor                   SFR
1103641708                       0.000                   0.000                     0.000            6.250           0.000                717   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103641717                       3.000                   1.000                     6.000           12.500           3.000                695   Stated                                   Rate/Term Refinance         Second Home                CONDO
1103641734                       0.000                   0.000                     0.000            6.125           0.000                770   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103641736                       3.000                   1.000                     6.000           11.875           3.000                812   Full                                     Cash Out Refinance          Investor                   SFR
1103641738                       0.000                   0.000                     0.000            5.625           0.000                675   Full                                     Purchase                    Owner Occupied             CONDO
1103641801                       3.000                   1.000                     6.000           12.500           3.000                653   Full                                     Purchase                    Owner Occupied             CONDO
1103641804                       0.000                   0.000                     0.000            6.000           0.000                733   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103641822                       3.000                   1.000                     6.000           15.250           3.000                614   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
1103641827                       3.000                   1.000                     6.000           11.990           3.000                693   Full                                     Cash Out Refinance          Investor                   SFR
1103641833                       3.000                   1.000                     6.000           11.875           3.000                746   Full                                     Purchase                    Owner Occupied             SFR
1103641841                       3.000                   1.000                     6.000           13.000           2.500                657   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103641850                       3.000                   1.000                     6.000           13.500           3.000                645   Stated                                   Purchase                    Investor                   CONDO
1103641884                       0.000                   0.000                     0.000            6.500           0.000                722   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103641890                       3.000                   1.000                     6.000           13.375           3.000                709   Stated                                   Purchase                    Second Home                HI-RISE
1103641899                       3.000                   1.000                     6.000           13.125           3.000                727   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
1103641910                       0.000                   0.000                     0.000            7.890           0.000                742   FISA                                     Cash Out Refinance          Owner Occupied             CONDO
1103641938                       3.000                   1.000                     6.000           13.125           3.000                762   Express Non-Verified Assets              Purchase                    Owner Occupied             D-PUDS
1103641953                       3.000                   1.000                     6.000           12.500           2.750                650   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103641972                       0.000                   0.000                     0.000            5.750           0.000                757   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103641977                       0.000                   0.000                     0.000            6.250           0.000                661   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103641984                       0.000                   0.000                     0.000            6.875           0.000                645   Stated                                   Cash Out Refinance          Investor                   SFR
1103641988                       3.000                   1.000                     6.000           12.990           3.000                743   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642007                       3.000                   1.000                     6.000           12.375           2.250                679   Stated                                   Purchase                    Owner Occupied             SFR
1103642008                       3.000                   1.000                     6.000           12.375           2.250                677   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103642058                       3.000                   1.000                     6.000           12.125           3.000                728   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103642059                       3.000                   1.000                     6.000           12.750           3.000                682   Stated                                   Rate/Term Refinance         Second Home                SFR
1103642074                       3.000                   1.000                     6.000           12.500           3.000                716   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642077                       0.000                   0.000                     0.000            6.880           0.000                784   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103642084                       3.000                   1.000                     6.000           14.000           3.000                675   Stated                                   Cash Out Refinance          Investor                   SFR
1103642102                       3.000                   1.000                     6.000           11.875           2.500                726   Full                                     Purchase                    Owner Occupied             SFR
1103642165                       3.000                   1.000                     6.000           12.500           3.000                636   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103642166                       3.000                   1.000                     6.000           13.000           3.000                645   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103642173                       0.000                   0.000                     0.000            5.750           0.000                743   Full                                     Purchase                    Owner Occupied             SFR
1103642178                       3.000                   1.000                     6.000           12.250           3.000                727   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642180                       3.000                   1.000                     6.000           13.375           7.375                732   Stated                                   Cash Out Refinance          Investor                   SFR
1103642211                       3.000                   1.000                     6.000           11.875           3.000                739   SISA                                     Cash Out Refinance          Investor                   SFR
1103642221                       3.000                   1.000                     6.000           12.875           3.000                738   Stated                                   Cash Out Refinance          Investor                   SFR
1103642279                       3.000                   1.000                     6.000           12.250           3.000                771   Stated                                   Purchase                    Investor                   SFR
1103642282                       3.000                   1.000                     6.000           11.875           3.000                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642288                       0.000                   0.000                     0.000            6.500           0.000                707   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103642290                       0.000                   0.000                     0.000            7.250           0.000                666   Stated                                   Purchase                    Owner Occupied             CONDO
1103642291                       0.000                   0.000                     0.000            6.875           0.000                718   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103642292                       0.000                   0.000                     0.000            7.000           0.000                702   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642293                       0.000                   0.000                     0.000            6.875           0.000                780   Express Verified Assets                  Cash Out Refinance          Second Home                SFR
1103642294                       0.000                   0.000                     0.000            8.000           0.000                673   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
1103642297                       0.000                   0.000                     0.000            7.125           0.000                632   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642298                       0.000                   0.000                     0.000            7.500           0.000                671   Express No Doc                           Cash Out Refinance          Owner Occupied             2-FAMILY
1103642299                       0.000                   0.000                     0.000            7.375           0.000                635   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642300                       0.000                   0.000                     0.000            7.625           0.000                630   Express Verified Assets                  Cash Out Refinance          Owner Occupied             2-FAMILY
1103642301                       0.000                   0.000                     0.000            7.500           0.000                660   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103642302                       0.000                   0.000                     0.000            6.990           0.000                650   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642303                       0.000                   0.000                     0.000            7.125           0.000                638   Express Verified Assets                  Cash Out Refinance          Owner Occupied             2-FAMILY
1103642304                       0.000                   0.000                     0.000            6.950           0.000                635   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642305                       0.000                   0.000                     0.000            6.875           0.000                635   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642306                       0.000                   0.000                     0.000            7.125           0.000                620   Alternative                              Cash Out Refinance          Owner Occupied             SFR
1103642307                       0.000                   0.000                     0.000            6.875           0.000                654   Alternative                              Rate/Term Refinance         Owner Occupied             SFR
1103642308                       0.000                   0.000                     0.000            7.625           0.000                631   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642310                       0.000                   0.000                     0.000            8.000           0.000                736   Express Verified Assets                  Purchase                    Investor                   4-FAMILY
1103642311                       0.000                   0.000                     0.000            6.750           0.000                726   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642313                       0.000                   0.000                     0.000            7.000           0.000                635   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642314                       0.000                   0.000                     0.000            6.875           0.000                686   Alternative                              Cash Out Refinance          Owner Occupied             SFR
1103642315                       0.000                   0.000                     0.000            6.875           0.000                658   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103642317                       0.000                   0.000                     0.000            6.500           0.000                773   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642318                       0.000                   0.000                     0.000            7.000           0.000                698   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103642319                       0.000                   0.000                     0.000            7.125           0.000                721   Alternative                              Rate/Term Refinance         Owner Occupied             HI-RISE
1103642321                       0.000                   0.000                     0.000            7.000           0.000                687   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642323                       0.000                   0.000                     0.000            7.000           0.000                641   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642325                       0.000                   0.000                     0.000            6.750           0.000                692   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642326                       0.000                   0.000                     0.000            6.375           0.000                683   Express No Doc                           Cash Out Refinance          Owner Occupied             2-FAMILY
1103642328                       0.000                   0.000                     0.000            6.950           0.000                774   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642330                       0.000                   0.000                     0.000            6.875           0.000                636   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103642332                       0.000                   0.000                     0.000            7.125           0.000                633   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103642334                       0.000                   0.000                     0.000            6.625           0.000                749   Express No Doc                           Purchase                    Owner Occupied             SFR
1103642335                       3.000                   1.000                     6.000           11.875           2.750                702   SISA                                     Purchase                    Owner Occupied             D-PUDS
1103642341                       3.000                   1.000                     6.000           14.965           2.965                640   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103642342                       3.000                   1.000                     6.000           13.750           3.000                731   Stated                                   Purchase                    Investor                   SFR
1103642344                       3.000                   1.000                     6.000           12.625           3.000                782   Full                                     Purchase                    Investor                   SFR
1103642346                       0.000                   0.000                     0.000            6.550           0.000                650   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642354                       3.000                   1.000                     6.000           13.250           7.250                687   Stated                                   Purchase                    Investor                   SFR
1103642371                       3.000                   1.000                     6.000           13.000           2.250                650   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103642381                       0.000                   0.000                     0.000            6.250           0.000                649   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103642406                       0.000                   0.000                     0.000            5.750           0.000                687   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103642411                       3.000                   1.000                     6.000           11.750           3.000                788   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103642422                       0.000                   0.000                     0.000            6.250           0.000                797   Full                                     Rate/Term Refinance         Investor                   CONDO
1103642434                       3.000                   1.000                     6.000           13.125           2.500                684   Stated                                   Purchase                    Investor                   SFR
1103642439                       3.000                   1.000                     6.000           12.625           3.000                688   SISA                                     Rate/Term Refinance         Investor                   SFR
1103642448                       0.000                   0.000                     0.000            6.625           0.000                656   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103642465                       0.000                   0.000                     0.000            6.000           0.000                742   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642474                       0.000                   0.000                     0.000            6.875           0.000                690   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642484                       0.000                   0.000                     0.000            6.125           0.000                735   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642485                       6.000                   2.000                     6.000           13.500           2.750                623   Stated                                   Purchase                    Owner Occupied             SFR
1103642487                       6.000                   2.000                     6.000           13.625           2.750                671   SISA                                     Purchase                    Owner Occupied             CONDO
1103642489                       6.000                   2.000                     6.000           12.750           2.750                708   Stated                                   Purchase                    Owner Occupied             PUD
1103642490                       6.000                   2.000                     6.000           14.125           2.750                653   Express Verified Assets                  Purchase                    Owner Occupied             PUD
1103642491                       6.000                   2.000                     6.000           13.000           2.750                783   Express No Doc                           Purchase                    Owner Occupied             PUD
1103642492                       6.000                   2.000                     6.000           12.375           2.750                692   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103642493                       6.000                   2.000                     6.000           12.750           2.750                645   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642494                       6.000                   2.000                     6.000           12.125           2.750                628   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103642496                       6.000                   2.000                     6.000           12.625           2.750                644   Stated                                   Purchase                    Owner Occupied             PUD
1103642497                       6.000                   2.000                     6.000           12.750           2.750                640   Stated                                   Purchase                    Owner Occupied             SFR
1103642498                       6.000                   2.000                     6.000           13.750           2.750                693   SISA                                     Cash Out Refinance          Investor                   SFR
1103642500                       6.000                   2.000                     6.000           12.875           2.750                671   Full                                     Purchase                    Owner Occupied             PUD
1103642501                       6.000                   2.000                     6.000           14.125           2.750                629   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103642502                       6.000                   2.000                     6.000           13.625           2.750                641   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642503                       6.000                   2.000                     6.000           13.500           2.750                681   SISA                                     Purchase                    Owner Occupied             CONDO
1103642504                       6.000                   2.000                     6.000           12.000           2.750                665   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103642505                       6.000                   2.000                     6.000           14.000           2.750                672   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103642506                       6.000                   2.000                     6.000           13.250           2.750                620   SISA                                     Purchase                    Owner Occupied             SFR
1103642507                       6.000                   2.000                     6.000           13.875           2.750                685   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103642509                       0.000                   0.000                     0.000            6.250           0.000                687   Express No Doc Verified Assets           Cash Out Refinance          Owner Occupied             SFR
1103642537                       5.000                   2.000                     5.000           11.500           3.250                768   Stated                                   Cash Out Refinance          Investor                   SFR
1103642541                       5.000                   2.000                     5.000           11.750           3.250                773   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103642543                       5.000                   2.000                     5.000           12.250           3.250                707   Express No Doc                           Rate/Term Refinance         Owner Occupied             CONDO
1103642555                       5.000                   2.000                     5.000           11.875           3.250                627   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642566                       5.000                   2.000                     5.000           11.625           3.250                678   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642574                       0.000                   0.000                     0.000            5.875           0.000                776   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103642585                       3.000                   1.000                     6.000           12.375           3.000                675   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
1103642676                       5.000                   2.000                     5.000           10.625           2.250                735   Full                                     Purchase                    Owner Occupied             PUD
1103642684                       5.000                   2.000                     5.000           11.125           2.250                740   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103642758                       0.000                   0.000                     0.000            4.875           0.000                778   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103642774                       3.000                   1.000                     6.000           12.500           3.000                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642788                       0.000                   0.000                     0.000            5.875           0.000                741   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103642805                       3.000                   1.000                     6.000           11.750           3.000                722   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642842                       3.000                   1.000                     6.000           13.875           3.000                641   Express Non-Verified Assets              Cash Out Refinance          Second Home                CONDO
1103642860                       3.000                   1.000                     6.000           12.375           2.500                659   Stated                                   Purchase                    Owner Occupied             CONDO
1103642876                       0.000                   0.000                     0.000            6.500           0.000                647   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642904                       0.000                   0.000                     0.000            6.750           0.000                682   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642908                       3.000                   1.000                     6.000           12.375           3.000                693   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103642909                       3.000                   1.000                     6.000           15.300           3.000                625   Express Verified Assets                  Purchase                    Investor                   HI-RISE
1103642923                       5.000                   2.000                     5.000           10.625           2.250                757   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103642924                       5.000                   2.000                     5.000           11.500           2.250                684   SISA                                     Rate/Term Refinance         Owner Occupied             2-FAMILY
1103642927                       5.000                   2.000                     5.000           11.250           1.875                776   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103642928                       2.000                   2.000                     6.000           12.500           5.000                680   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103642929                       5.000                   2.000                     5.000           12.375           2.250                680   Stated                                   Purchase                    Owner Occupied             SFR
1103642932                       2.000                   2.000                     6.000           13.750           7.750                660   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103642933                       5.000                   2.000                     5.000           10.875           2.250                800   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103642945                       3.000                   1.000                     6.000           11.500           2.750                781   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103642973                       6.000                   2.000                     6.000           12.625           6.625                655   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103642975                       5.000                   1.000                     5.000           13.375           2.250                695   Express No Doc                           Cash Out Refinance          Investor                   SFR
1103642978                       5.000                   1.000                     5.000           10.875           2.250                675   Stated                                   Purchase                    Owner Occupied             PUD
1103642991                       3.000                   1.000                     6.000           13.250           3.000                654   Stated                                   Purchase                    Owner Occupied             CONDO
1103642996                       3.000                   1.000                     6.000           13.500           3.000                631   Stated                                   Purchase                    Owner Occupied             SFR
1103643020                       0.000                   0.000                     0.000            6.875           0.000                752   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103643033                       0.000                   0.000                     0.000            7.250           0.000                699   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103643034                       3.000                   1.000                     6.000           15.000           9.000                671   Stated                                   Cash Out Refinance          Investor                   CONDO
1103643049                       3.000                   1.000                     6.000           12.375           5.875                666   Stated                                   Purchase                    Owner Occupied             CONDO
1103643075                       3.000                   1.000                     6.000           12.125           3.000                804   Full                                     Purchase                    Investor                   CONDO
1103643080                       3.000                   1.000                     6.000           13.650           3.750                693   Express Verified Assets                  Rate/Term Refinance         Second Home                PUD
1103643083                       3.000                   1.000                     6.000           12.375           6.375                709   Stated                                   Purchase                    Investor                   SFR
1103643096                       0.000                   0.000                     0.000            5.500           0.000                690   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103643112                       3.000                   1.000                     6.000           12.125           3.000                779   Stated                                   Purchase                    Owner Occupied             SFR
1103643121                       3.000                   1.000                     6.000           12.125           3.000                727   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103643134                       3.000                   1.000                     6.000           12.500           3.000                651   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643149                       0.000                   0.000                     0.000            6.125           0.000                720   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643155                       0.000                   0.000                     0.000            6.250           0.000                735   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643193                       0.000                   0.000                     0.000            5.875           0.000                735   Stated                                   Rate/Term Refinance         Investor                   SFR
1103643196                       0.000                   0.000                     0.000            6.875           0.000                659   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643214                       3.000                   1.000                     6.000           11.750           3.000                694   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103643218                       0.000                   0.000                     0.000            6.250           0.000                756   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643222                       3.000                   1.000                     6.000           11.875           3.000                775   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643224                       3.000                   1.000                     6.000           12.625           3.000                729   Stated                                   Purchase                    Second Home                HI-RISE
1103643227                       3.000                   1.000                     6.000           12.875           3.000                613   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643235                       3.000                   1.000                     6.000           13.250           7.250                706   Stated                                   Purchase                    Investor                   2-FAMILY
1103643276                       0.000                   0.000                     0.000            7.125           0.000                  0   Stated                                   Cash Out Refinance          Second Home                D-PUDS
1103643278                       3.000                   1.000                     6.000           11.850           3.000                715   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103643292                       3.000                   1.000                     6.000           13.250           3.000                712   Stated                                   Purchase                    Investor                   SFR
1103643293                       3.000                   1.000                     6.000           12.750           3.000                686   Stated                                   Purchase                    Investor                   SFR
1103643310                       0.000                   0.000                     0.000            7.900           0.000                724   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103643317                       3.000                   1.000                     6.000           11.250           3.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643336                       0.000                   0.000                     0.000            5.750           0.000                792   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103643392                       3.000                   1.000                     6.000           14.000           3.000                798   Stated                                   Purchase                    Investor                   HI-RISE
1103643402                       0.000                   0.000                     0.000            5.500           0.000                700   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103643403                       0.000                   0.000                     0.000            6.500           0.000                791   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643413                       0.000                   0.000                     0.000            6.875           0.000                616   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643424                       3.000                   1.000                     6.000           13.500           3.000                715   Stated                                   Rate/Term Refinance         Investor                   SFR
1103643432                       0.000                   0.000                     0.000            6.500           0.000                810   Stated                                   Purchase                    Second Home                CONDO
1103643438                       3.000                   1.000                     6.000           11.750           3.000                723   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103643450                       3.000                   1.000                     6.000           12.125           3.000                717   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643460                       3.000                   1.000                     6.000           12.375           2.750                709   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103643461                       3.000                   1.000                     6.000           11.625           4.000                791   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103643489                       0.000                   0.000                     0.000            5.375           0.000                786   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103643492                       3.000                   1.000                     6.000           12.750           3.000                621   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103643496                       0.000                   0.000                     0.000            7.250           0.000                621   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103643507                       3.000                   1.000                     6.000           12.250           3.000                751   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103643526                       0.000                   0.000                     0.000            5.900           0.000                622   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103643542                       3.000                   1.000                     6.000           13.050           3.000                742   Stated                                   Purchase                    Investor                   D-PUDS
1103643545                       0.000                   0.000                     0.000            6.125           0.000                775   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643547                       3.000                   1.000                     6.000           12.500           3.000                729   Stated                                   Purchase                    Owner Occupied             SFR
1103643552                       3.000                   1.000                     6.000           12.900           3.000                694   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103643562                       3.000                   1.000                     6.000           12.375           3.000                742   Stated                                   Purchase                    Investor                   SFR
1103643565                       3.000                   1.000                     6.000           11.875           3.000                767   Stated                                   Purchase                    Investor                   SFR
1103643613                       3.000                   1.000                     6.000           11.375           3.000                760   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103643615                       3.000                   1.000                     6.000           11.990           3.000                665   Stated                                   Rate/Term Refinance         Investor                   SFR
1103643625                       0.000                   0.000                     0.000            6.375           0.000                759   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103643663                       3.000                   1.000                     6.000           13.125           3.000                634   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643677                       5.000                   2.000                     5.000           11.250           3.250                751   Stated                                   Cash Out Refinance          Investor                   SFR
1103643679                       5.000                   2.000                     5.000           12.250           3.250                662   Stated                                   Purchase                    Investor                   SFR
1103643682                       5.000                   2.000                     5.000           11.875           3.250                670   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103643723                       3.000                   1.000                     6.000           12.875           3.000                620   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643728                       3.000                   1.000                     6.000           13.625           2.500                717   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
1103643754                       3.000                   1.000                     6.000           13.125           3.000                697   Stated                                   Purchase                    Investor                   SFR
1103643760                       0.000                   0.000                     0.000            7.125           0.000                728   SISA                                     Rate/Term Refinance         Investor                   SFR
1103643771                       3.000                   1.000                     6.000           12.875           3.000                711   Stated                                   Purchase                    Investor                   D-PUDS
1103643781                       0.000                   0.000                     0.000            7.375           0.000                628   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103643783                       3.000                   1.000                     6.000           13.125           3.000                649   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103643798                       0.000                   0.000                     0.000            6.875           0.000                760   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103643799                       3.000                   1.000                     6.000           12.750           3.000                749   Stated                                   Purchase                    Owner Occupied             CONDO
1103643806                       3.000                   1.000                     6.000           11.500           3.000                802   Stated                                   Purchase                    Owner Occupied             CONDO
1103643835                       3.000                   1.000                     6.000           15.000           9.000                702   Express No Doc                           Purchase                    Owner Occupied             SFR
1103643881                       0.000                   0.000                     0.000            7.500           0.000                745   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103643885                       3.000                   1.000                     6.000           11.875           3.000                773   Stated                                   Purchase                    Investor                   SFR
1103643903                       0.000                   0.000                     0.000            6.750           0.000                637   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103643940                       3.000                   1.000                     6.000           12.500           3.000                693   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103643941                       0.000                   0.000                     0.000            6.125           0.000                762   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103643963                       3.000                   1.000                     6.000           12.990           3.000                694   Stated                                   Purchase                    Investor                   HI-RISE
1103643970                       3.000                   1.000                     6.000           12.375           3.000                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644020                       3.000                   1.000                     6.000           13.750           3.125                667   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103644034                       3.000                   1.000                     6.000           12.875           3.875                670   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103644091                       0.000                   0.000                     0.000            6.375           0.000                747   Stated                                   Rate/Term Refinance         Second Home                SFR
1103644110                       3.000                   1.000                     6.000           11.875           3.000                733   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103644130                       3.000                   1.000                     6.000           13.500           3.000                745   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644134                       0.000                   0.000                     0.000            5.875           0.000                797   SISA                                     Purchase                    Owner Occupied             SFR
1103644139                       0.000                   0.000                     0.000            6.500           0.000                736   Stated                                   Purchase                    Second Home                CONDO
1103644166                       3.000                   1.000                     6.000           12.250           3.000                765   SISA                                     Purchase                    Second Home                HI-RISE
1103644185                       3.000                   1.000                     6.000           11.750           3.000                807   Express No Doc Verified Assets           Cash Out Refinance          Owner Occupied             D-PUDS
1103644253                       3.000                   1.000                     6.000           12.500           3.000                632   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103644279                       0.000                   0.000                     0.000            5.999           0.000                713   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644290                       3.000                   1.000                     6.000           12.875           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
1103644298                       0.000                   0.000                     0.000            5.500           0.000                760   Full                                     Purchase                    Owner Occupied             SFR
1103644306                       3.000                   1.000                     6.000           12.875           3.000                681   Stated                                   Purchase                    Investor                   CONDO
1103644337                       3.000                   1.000                     6.000           12.750           3.000                699   Stated                                   Purchase                    Owner Occupied             SFR
1103644345                       0.000                   0.000                     0.000            6.500           0.000                621   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103644346                       3.000                   1.000                     6.000           14.900           3.000                666   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103644353                       3.000                   1.000                     6.000           12.375           2.500                709   Stated                                   Rate/Term Refinance         Investor                   SFR
1103644357                       3.000                   1.000                     6.000           14.375           3.625                684   Stated                                   Purchase                    Investor                   SFR
1103644370                       3.000                   1.000                     6.000           11.750           3.000                640   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644383                       3.000                   1.000                     6.000           14.650           3.000                696   Stated                                   Purchase                    Owner Occupied             4-FAMILY
1103644387                       3.000                   1.000                     6.000           12.000           3.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644397                       3.000                   1.000                     6.000           13.625           7.625                657   Stated                                   Purchase                    Investor                   SFR
1103644410                       3.000                   1.000                     6.000           12.000           3.000                744   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103644423                       3.000                   1.000                     6.000           12.000           3.000                788   SISA                                     Rate/Term Refinance         Investor                   CONDO
1103644424                       3.000                   1.000                     6.000           12.500           3.250                676   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644425                       0.000                   0.000                     0.000            6.250           0.000                786   Stated                                   Cash Out Refinance          Owner Occupied             4-FAMILY
1103644449                       3.000                   1.000                     6.000           11.500           3.000                715   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103644466                       3.000                   1.000                     6.000           12.500           3.000                672   Express Verified Assets                  Purchase                    Owner Occupied             D-PUDS
1103644475                       0.000                   0.000                     0.000            6.250           0.000                711   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644490                       3.000                   1.000                     6.000           12.990           3.000                694   Stated                                   Purchase                    Investor                   HI-RISE
1103644496                       3.000                   1.000                     6.000           12.250           3.000                749   SISA                                     Purchase                    Owner Occupied             SFR
1103644497                       3.000                   1.000                     6.000           11.875           3.000                770   Stated                                   Purchase                    Investor                   D-PUDS
1103644555                       0.000                   0.000                     0.000            6.500           0.000                668   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644566                       3.000                   1.000                     6.000           12.750           3.000                711   Stated                                   Purchase                    Owner Occupied             SFR
1103644568                       0.000                   0.000                     0.000            7.000           0.000                607   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644578                       3.000                   1.000                     6.000           12.999           2.750                747   Stated                                   Rate/Term Refinance         Investor                   SFR
1103644603                       3.000                   1.000                     6.000           12.500           3.000                744   Stated                                   Purchase                    Investor                   D-PUDS
1103644627                       3.000                   1.000                     6.000           12.875           3.000                724   Stated                                   Purchase                    Owner Occupied             SFR
1103644633                       3.000                   1.000                     6.000           14.875           3.000                671   Stated                                   Purchase                    Owner Occupied             4-FAMILY
1103644639                       0.000                   0.000                     0.000            7.675           0.000                740   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103644646                       0.000                   0.000                     0.000            6.000           0.000                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644648                       3.000                   1.000                     6.000           13.125           3.000                681   Stated                                   Purchase                    Owner Occupied             SFR
1103644682                       3.000                   1.000                     6.000           13.875           3.000                648   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644696                       3.000                   1.000                     6.000           11.750           3.000                722   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103644698                       3.000                   1.000                     6.000           12.000           3.000                723   Express No Doc                           Purchase                    Owner Occupied             D-PUDS
1103644699                       3.000                   1.000                     6.000           13.500           3.000                731   Stated                                   Cash Out Refinance          Investor                   SFR
1103644714                       3.000                   1.000                     6.000           13.000           3.000                740   Stated                                   Purchase                    Investor                   PUD
1103644726                       3.000                   1.000                     6.000           11.875           3.000                758   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103644728                       3.000                   1.000                     6.000           11.875           3.000                735   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103644731                       0.000                   0.000                     0.000            6.000           0.000                732   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644734                       3.000                   1.000                     6.000           11.875           2.750                672   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644746                       3.000                   1.000                     6.000           11.875           3.000                758   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103644767                       0.000                   0.000                     0.000            6.625           0.000                713   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103644792                       3.000                   1.000                     6.000           13.750           7.750                648   Stated                                   Purchase                    Owner Occupied             CONDO
1103644794                       3.000                   1.000                     6.000           13.000           7.000                643   Full                                     Purchase                    Owner Occupied             SFR
1103644798                       3.000                   1.000                     6.000           14.500           8.500                712   Stated                                   Purchase                    Investor                   SFR
1103644799                       3.000                   1.000                     6.000           12.625           6.625                713   Stated                                   Purchase                    Owner Occupied             SFR
1103644800                       3.000                   1.000                     6.000           13.500           7.500                670   Stated                                   Purchase                    Owner Occupied             SFR
1103644801                       3.000                   1.000                     6.000           12.990           6.990                656   Express Verified Assets                  Purchase                    Owner Occupied             CONDO
1103644804                       3.000                   1.000                     6.000           13.750           7.750                643   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103644806                       3.000                   1.000                     6.000           11.990           5.990                788   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644808                       3.000                   1.000                     6.000           12.990           6.990                694   Full                                     Purchase                    Second Home                SFR
1103644809                       3.000                   1.000                     6.000           14.625           8.625                693   Express No Doc                           Purchase                    Investor                   CONDO
1103644815                       3.000                   1.000                     6.000           13.500           3.000                706   Stated                                   Purchase                    Investor                   CONDO
1103644821                       3.000                   1.000                     6.000           13.500           7.500                662   Stated                                   Purchase                    Investor                   2-FAMILY
1103644829                       3.000                   1.000                     6.000           11.875           3.000                680   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644830                       3.000                   1.000                     6.000           12.250           3.000                804   Stated                                   Purchase                    Owner Occupied             CONDO
1103644835                       3.000                   1.000                     6.000           12.125           3.000                692   Stated                                   Cash Out Refinance          Investor                   SFR
1103644843                       3.000                   1.000                     6.000           12.750           3.000                674   Full                                     Purchase                    Owner Occupied             CONDO
1103644845                       3.000                   1.000                     6.000           12.750           2.750                726   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
1103644847                       3.000                   1.000                     6.000           13.500           7.500                731   Stated                                   Cash Out Refinance          Investor                   SFR
1103644848                       0.000                   0.000                     0.000            7.875           0.000                763   SISA                                     Cash Out Refinance          Owner Occupied             2-FAMILY
1103644850                       3.000                   1.000                     6.000           12.750           6.750                687   Stated                                   Purchase                    Second Home                SFR
1103644862                       3.000                   1.000                     6.000           12.500           3.000                784   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
1103644865                       3.000                   1.000                     6.000           12.250           2.750                680   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644868                       3.000                   1.000                     6.000           13.990           3.500                643   Stated                                   Purchase                    Owner Occupied             SFR
1103644887                       3.000                   1.000                     6.000           13.250           2.500                698   Stated                                   Cash Out Refinance          Investor                   D-PUDS
1103644889                       3.000                   1.000                     6.000           12.375           2.750                738   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103644908                       3.000                   1.000                     6.000           12.625           3.000                655   Stated                                   Cash Out Refinance          Investor                   SFR
1103644915                       0.000                   0.000                     0.000            6.125           0.000                715   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103644928                       3.000                   1.000                     6.000           13.500           3.000                748   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103644936                       3.000                   1.000                     6.000           13.500           3.000                670   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103644942                       3.000                   1.000                     6.000           15.500           3.000                646   Stated                                   Purchase                    Investor                   CONDO
1103644971                       3.000                   1.000                     6.000           13.000           3.000                728   Stated                                   Purchase                    Owner Occupied             CONDO
1103644985                       3.000                   1.000                     6.000           12.990           3.250                651   Stated                                   Purchase                    Owner Occupied             SFR
1103644992                       3.000                   1.000                     6.000           13.250           7.250                747   Stated                                   Purchase                    Investor                   SFR
1103645001                       3.000                   1.000                     6.000           13.875           3.000                788   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103645013                       0.000                   0.000                     0.000            7.375           0.000                695   Stated                                   Cash Out Refinance          Investor                   SFR
1103645042                       0.000                   0.000                     0.000            6.875           0.000                652   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645044                       3.000                   1.000                     6.000           13.375           2.500                725   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103645085                       3.000                   1.000                     6.000           12.875           3.000                763   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103645107                       3.000                   1.000                     6.000           13.500           3.000                672   Stated                                   Purchase                    Owner Occupied             SFR
1103645120                       0.000                   0.000                     0.000            6.375           0.000                620   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103645123                       3.000                   1.000                     6.000           12.875           3.000                684   Stated                                   Cash Out Refinance          Investor                   SFR
1103645126                       3.000                   1.000                     6.000           11.875           2.750                756   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103645141                       3.000                   1.000                     6.000           13.250           3.000                642   Stated                                   Purchase                    Owner Occupied             SFR
1103645145                       0.000                   0.000                     0.000            6.750           0.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645148                       3.000                   1.000                     6.000           12.875           3.000                684   Stated                                   Cash Out Refinance          Investor                   SFR
1103645154                       0.000                   0.000                     0.000            6.250           0.000                798   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103645171                       3.000                   1.000                     6.000           13.375           3.000                710   Stated                                   Purchase                    Owner Occupied             SFR
1103645174                       3.000                   1.000                     6.000           12.750           3.000                641   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103645193                       0.000                   0.000                     0.000            7.125           0.000                726   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
1103645195                       3.000                   1.000                     6.000           12.250           3.000                651   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645200                       0.000                   0.000                     0.000            7.125           0.000                750   Stated                                   Purchase                    Investor                   SFR
1103645212                       3.000                   1.000                     6.000           11.625           3.000                786   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103645215                       3.000                   1.000                     6.000           12.250           3.000                716   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103645223                       0.000                   0.000                     0.000            6.625           0.000                726   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103645241                       1.000                   1.000                     6.000           15.750           9.750                686   Stated                                   Purchase                    Investor                   PUD
1103645244                       0.000                   0.000                     0.000            5.375           0.000                765   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103645260                       3.000                   1.000                     6.000           14.625           3.000                647   Stated                                   Purchase                    Investor                   CONDO
1103645302                       3.000                   1.000                     6.000           12.500           3.000                703   Stated                                   Rate/Term Refinance         Investor                   SFR
1103645313                       0.000                   0.000                     0.000            6.375           0.000                800   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645320                       3.000                   1.000                     6.000           11.875           3.000                717   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
1103645321                       6.000                   2.000                     6.000           13.125           7.125                697   Express Verified Assets                  Purchase                    Owner Occupied             2-FAMILY
1103645322                       6.000                   1.000                     6.000           14.250           8.250                653   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645323                       6.000                   2.000                     6.000           13.125           5.000                657   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103645324                       6.000                   2.000                     6.000           13.875           4.500                746   Express No Doc                           Purchase                    Owner Occupied             CONDO
1103645325                       6.000                   2.000                     6.000           13.500           7.500                643   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103645326                       5.000                   1.000                     5.000           12.500           2.250                666   Express No Doc                           Purchase                    Owner Occupied             2-FAMILY
1103645329                       3.000                   1.000                     6.000           11.878           2.875                715   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645347                       6.000                   2.000                     6.000           13.375           4.000                674   Express Verified Assets                  Cash Out Refinance          Owner Occupied             CONDO
1103645349                       6.000                   2.000                     6.000           13.250           4.000                674   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103645350                       6.000                   2.000                     6.000           13.500           4.000                688   Express Verified Assets                  Purchase                    Second Home                TOWNHOUSE
1103645351                       6.000                   2.000                     6.000           14.250           4.000                632   Express Verified Assets                  Purchase                    Owner Occupied             CONDO
1103645352                       6.000                   2.000                     6.000           14.250           4.000                747   Express Verified Assets                  Purchase                    Investor                   SFR
1103645353                       6.000                   2.000                     6.000           12.750           4.000                633   Express Verified Assets                  Purchase                    Owner Occupied             TOWNHOUSE
1103645354                       6.000                   2.000                     6.000           13.250           4.000                662   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103645355                       6.000                   2.000                     6.000           13.375           4.000                685   Express Verified Assets                  Purchase                    Owner Occupied             D-PUDS
1103645356                       6.000                   2.000                     6.000           13.625           4.000                638   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103645357                       6.000                   2.000                     6.000           12.500           4.000                652   Express Verified Assets                  Purchase                    Owner Occupied             D-PUDS
1103645358                       6.000                   2.000                     6.000           13.125           4.000                685   Express No Doc                           Cash Out Refinance          Owner Occupied             TOWNHOUSE
1103645359                       6.000                   2.000                     6.000           13.875           4.000                644   Express Verified Assets                  Purchase                    Investor                   SFR
1103645360                       6.000                   2.000                     6.000           13.750           4.000                645   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103645361                       6.000                   2.000                     6.000           12.875           4.000                629   Express Verified Assets                  Cash Out Refinance          Owner Occupied             TOWNHOUSE
1103645365                       0.000                   0.000                     0.000            7.125           0.000                707   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103645366                       0.000                   0.000                     0.000            6.625           0.000                628   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103645367                       0.000                   0.000                     0.000            6.625           0.000                790   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103645396                       3.000                   1.000                     6.000           11.375           3.000                745   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103645421                       5.000                   2.000                     5.000           11.625           3.250                732   Stated                                   Purchase                    Owner Occupied             PUD
1103645422                       5.000                   2.000                     5.000           11.375           3.250                665   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645423                       5.000                   2.000                     5.000           11.875           3.250                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645424                       5.000                   2.000                     5.000           11.875           3.250                780   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103645425                       5.000                   2.000                     5.000           11.625           3.250                737   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645426                       5.000                   2.000                     5.000           11.625           3.250                671   Stated                                   Cash Out Refinance          Investor                   SFR
1103645427                       5.000                   2.000                     5.000           11.875           3.250                729   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645428                       5.000                   2.000                     5.000           11.625           3.250                662   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645429                       5.000                   2.000                     5.000           11.625           3.250                711   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103645430                       5.000                   2.000                     5.000           11.500           3.250                695   Stated                                   Purchase                    Owner Occupied             SFR
1103645431                       5.000                   2.000                     5.000           12.000           3.250                695   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645432                       5.000                   2.000                     5.000           11.625           3.250                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645433                       5.000                   2.000                     5.000           11.375           3.250                746   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645434                       5.000                   2.000                     5.000           11.875           3.250                717   Stated                                   Purchase                    Owner Occupied             SFR
1103645435                       5.000                   2.000                     5.000           11.250           3.250                719   Stated                                   Purchase                    Owner Occupied             CONDO
1103645436                       5.000                   2.000                     5.000           11.500           3.250                779   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103645437                       5.000                   2.000                     5.000           11.625           3.250                681   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645438                       5.000                   2.000                     5.000           11.250           2.250                696   Full                                     Purchase                    Owner Occupied             PUD
1103645439                       5.000                   2.000                     5.000           12.000           3.250                781   Express Verified Assets                  Cash Out Refinance          Investor                   PUD
1103645440                       5.000                   2.000                     5.000           11.375           3.250                633   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103645441                       5.000                   2.000                     5.000           11.375           3.250                792   Full                                     Purchase                    Investor                   PUD
1103645442                       5.000                   2.000                     5.000           11.500           3.250                770   Full                                     Purchase                    Owner Occupied             SFR
1103645443                       5.000                   2.000                     5.000           11.250           3.250                717   Stated                                   Purchase                    Owner Occupied             SFR
1103645444                       5.000                   2.000                     5.000           11.625           3.250                683   Full                                     Purchase                    Owner Occupied             SFR
1103645445                       5.000                   2.000                     5.000           12.000           3.250                702   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103645446                       5.000                   2.000                     5.000           11.875           3.250                663   Stated                                   Purchase                    Owner Occupied             SFR
1103645447                       5.000                   2.000                     5.000           11.625           3.250                727   Stated                                   Cash Out Refinance          Investor                   SFR
1103645448                       5.000                   2.000                     5.000           11.875           3.250                668   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103645449                       5.000                   2.000                     5.000           11.250           3.250                728   Stated                                   Purchase                    Owner Occupied             SFR
1103645465                       3.000                   1.000                     6.000           12.375           3.000                766   SISA                                     Purchase                    Second Home                HI-RISE
1103645468                       3.000                   1.000                     6.000           12.500           2.500                644   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103645470                       0.000                   0.000                     0.000            6.875           0.000                745   Express No Doc                           Purchase                    Owner Occupied             SFR
1103645489                       0.000                   0.000                     0.000            6.125           0.000                745   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
1103645510                       6.000                   2.000                     6.000           13.750           2.750                621   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645511                       3.000                   2.000                     6.000           12.375           2.750                763   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645514                       6.000                   2.000                     6.000           12.875           2.750                703   Stated                                   Purchase                    Owner Occupied             SFR
1103645516                       6.000                   2.000                     6.000           13.750           2.750                669   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645517                       6.000                   2.000                     6.000           12.500           2.750                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645518                       6.000                   2.000                     6.000           12.625           2.750                648   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645519                       6.000                   2.000                     6.000           13.125           2.750                631   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103645520                       6.000                   2.000                     6.000           12.375           2.750                733   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645522                       6.000                   2.000                     6.000           13.375           2.750                680   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103645526                       6.000                   2.000                     6.000           13.625           2.750                664   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103645527                       6.000                   2.000                     6.000           12.375           2.750                762   Express No Doc                           Cash Out Refinance          Investor                   SFR
1103645528                       6.000                   2.000                     6.000           12.250           2.750                699   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103645530                       6.000                   2.000                     6.000           12.950           2.750                715   Express Non-Verified Assets              Purchase                    Investor                   PUD
1103645531                       6.000                   2.000                     6.000           12.125           2.750                628   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645546                       3.000                   1.000                     6.000           12.800           3.000                655   Stated                                   Cash Out Refinance          Investor                   SFR
1103645551                       3.000                   1.000                     6.000           15.125           3.500                689   Stated                                   Purchase                    Investor                   SFR
1103645604                       3.000                   1.000                     6.000           13.250           7.250                693   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             CONDO
1103645613                       3.000                   1.000                     6.000           11.750           3.000                647   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645623                       3.000                   1.000                     6.000           11.750           3.000                637   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103645628                       3.000                   1.000                     6.000           15.012           3.000                666   Express No Doc                           Cash Out Refinance          Owner Occupied             CONDO
1103645629                       3.000                   1.000                     6.000           12.750           3.000                722   Stated                                   Cash Out Refinance          Investor                   SFR
1103645637                       3.000                   1.000                     6.000           13.125           3.000                613   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103645643                       3.000                   1.000                     6.000           13.375           7.375                675   Stated                                   Purchase                    Investor                   SFR
1103645650                       0.000                   0.000                     0.000            7.950           0.000                704   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103645651                       3.000                   1.000                     6.000           12.250           4.250                680   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103645659                       3.000                   1.000                     6.000           13.875           3.000                714   Express Verified Assets                  Cash Out Refinance          Investor                   CONDO
1103645672                       0.000                   0.000                     0.000            6.125           0.000                779   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103645677                       3.000                   1.000                     6.000           12.875           3.000                698   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103645684                       3.000                   1.000                     6.000           11.625           2.750                748   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103645689                       3.000                   1.000                     6.000           12.250           3.000                711   Stated                                   Purchase                    Investor                   4-FAMILY
1103645700                       3.000                   1.000                     6.000           11.875           3.000                783   Stated                                   Purchase                    Investor                   SFR
1103645706                       3.000                   1.000                     6.000           17.375           3.875                668   Express Non-Verified Assets              Purchase                    Investor                   SFR
1103645736                       3.000                   1.000                     6.000           13.750           3.000                649   Stated                                   Purchase                    Owner Occupied             SFR
1103645741                       3.000                   1.000                     6.000           12.750           3.000                798   Stated                                   Purchase                    Second Home                HI-RISE
1103645744                       0.000                   0.000                     0.000            5.625           0.000                809   Stated                                   Purchase                    Owner Occupied             SFR
1103645750                       0.000                   0.000                     0.000            6.500           0.000                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645756                       0.000                   0.000                     0.000            9.500           0.000                664   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103645806                       0.000                   0.000                     0.000            7.500           0.000                637   Stated                                   Cash Out Refinance          Investor                   SFR
1103645810                       0.000                   0.000                     0.000            5.375           0.000                654   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103645823                       3.000                   1.000                     6.000           12.750           3.000                733   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103645831                       0.000                   0.000                     0.000            6.125           0.000                678   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103645833                       3.000                   1.000                     6.000           11.875           3.000                777   Stated                                   Purchase                    Investor                   SFR
1103645836                       3.000                   1.000                     6.000           13.500           3.000                672   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103645845                       3.000                   1.000                     6.000           12.375           3.000                802   Full                                     Purchase                    Owner Occupied             SFR
1103645847                       3.000                   1.000                     6.000           12.800           3.000                660   SISA                                     Cash Out Refinance          Investor                   SFR
1103645849                       0.000                   0.000                     0.000            7.650           0.000                621   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103645851                       0.000                   0.000                     0.000            6.125           0.000                690   Full                                     Purchase                    Owner Occupied             D-PUDS
1103645880                       3.000                   1.000                     6.000           14.750           2.750                647   Stated                                   Rate/Term Refinance         Investor                   SFR
1103645899                       3.000                   1.000                     6.000           12.875           2.750                762   Stated                                   Purchase                    Owner Occupied             SFR
1103645913                       3.000                   1.000                     6.000           13.250           4.000                778   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103645918                       3.000                   1.000                     6.000           13.375           3.000                680   Express Verified Assets                  Rate/Term Refinance         Investor                   CONDO
1103645926                       3.000                   1.000                     6.000           12.990           3.000                661   Stated                                   Purchase                    Second Home                CONDO
1103645947                       3.000                   1.000                     6.000           13.375           3.000                653   Stated                                   Purchase                    Owner Occupied             SFR
1103645965                       0.000                   0.000                     0.000            5.750           0.000                768   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103645969                       0.000                   0.000                     0.000            7.500           0.000                659   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             D-PUDS
1103645989                       3.000                   1.000                     6.000           18.875           4.375                632   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
1103645990                       3.000                   1.000                     6.000           12.875           3.000                676   Stated                                   Purchase                    Owner Occupied             SFR
1103645997                       0.000                   0.000                     0.000            6.875           0.000                729   SISA                                     Cash Out Refinance          Investor                   SFR
1103646059                       3.000                   1.000                     6.000           11.875           3.000                649   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103646062                       5.000                   2.000                     5.000           11.625           3.250                640   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103646063                       5.000                   2.000                     5.000           11.375           3.250                660   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646064                       5.000                   2.000                     5.000           11.875           3.250                692   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646065                       5.000                   2.000                     5.000           11.500           3.250                773   Express Verified Assets                  Cash Out Refinance          Investor                   CONDO
1103646066                       5.000                   2.000                     5.000           11.750           3.250                789   Full                                     Purchase                    Second Home                PUD
1103646067                       5.000                   2.000                     5.000           11.500           3.250                771   Stated                                   Purchase                    Owner Occupied             SFR
1103646068                       5.000                   2.000                     5.000           11.375           3.250                711   Stated                                   Purchase                    Owner Occupied             PUD
1103646069                       5.000                   2.000                     5.000           11.625           3.250                664   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103646070                       5.000                   2.000                     5.000           11.875           3.250                712   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
1103646071                       5.000                   2.000                     5.000           11.750           3.250                782   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103646072                       5.000                   2.000                     5.000           11.500           3.250                661   Express Verified Assets                  Cash Out Refinance          Second Home                SFR
1103646073                       5.000                   2.000                     5.000           12.000           3.250                700   Stated                                   Cash Out Refinance          Investor                   PUD
1103646074                       5.000                   2.000                     5.000           11.750           3.250                778   Stated                                   Purchase                    Second Home                SFR
1103646075                       5.000                   2.000                     5.000           10.875           2.250                715   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646076                       5.000                   2.000                     5.000           11.625           3.250                681   Stated                                   Purchase                    Owner Occupied             CONDO
1103646077                       5.000                   2.000                     5.000           11.875           3.250                670   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
1103646078                       5.000                   2.000                     5.000           12.875           3.250                729   Express Verified Assets                  Purchase                    Investor                   HI-RISE
1103646079                       5.000                   2.000                     5.000           11.250           3.250                772   Stated                                   Purchase                    Owner Occupied             CONDO
1103646080                       5.000                   2.000                     5.000           10.750           2.250                698   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103646081                       5.000                   2.000                     5.000           11.250           2.250                686   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103646082                       5.000                   2.000                     5.000           12.250           3.250                685   Stated                                   Purchase                    Owner Occupied             SFR
1103646083                       5.000                   2.000                     5.000           11.500           3.250                816   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646084                       5.000                   2.000                     5.000           11.500           3.250                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646085                       5.000                   2.000                     5.000           11.375           3.250                690   Stated                                   Rate/Term Refinance         Second Home                SFR
1103646086                       5.000                   2.000                     5.000           12.250           3.250                627   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646087                       5.000                   2.000                     5.000           11.500           3.250                704   Stated                                   Purchase                    Owner Occupied             CONDO
1103646088                       5.000                   2.000                     5.000           10.750           2.250                704   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646089                       5.000                   2.000                     5.000           11.375           3.250                734   Express No Doc                           Purchase                    Owner Occupied             SFR
1103646091                       5.000                   2.000                     5.000           11.875           3.250                794   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103646092                       5.000                   2.000                     5.000           12.000           3.250                740   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103646093                       5.000                   2.000                     5.000           11.500           3.250                621   Full                                     Purchase                    Second Home                SFR
1103646094                       5.000                   2.000                     5.000           12.250           3.250                652   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103646095                       5.000                   2.000                     5.000           10.875           2.250                696   Full                                     Purchase                    Owner Occupied             SFR
1103646096                       5.000                   2.000                     5.000           11.625           3.250                746   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646097                       5.000                   2.000                     5.000           11.875           3.250                680   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646098                       5.000                   2.000                     5.000           11.625           3.250                621   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646099                       5.000                   2.000                     5.000           12.000           3.250                718   Express No Doc                           Purchase                    Owner Occupied             SFR
1103646100                       5.000                   2.000                     5.000           10.875           2.250                625   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646101                       5.000                   2.000                     5.000           10.625           2.250                783   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103646102                       5.000                   2.000                     5.000           11.250           3.250                659   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103646103                       5.000                   2.000                     5.000           11.750           3.250                702   Full                                     Purchase                    Investor                   SFR
1103646104                       5.000                   2.000                     5.000           11.500           3.250                715   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103646138                       0.000                   0.000                     0.000            7.750           0.000                707   Stated                                   Cash Out Refinance          Investor                   SFR
1103646141                       0.000                   0.000                     0.000            5.375           0.000                789   Full                                     Purchase                    Second Home                SFR
1103646144                       3.000                   1.000                     6.000           12.375           2.750                745   Stated                                   Rate/Term Refinance         Investor                   SFR
1103646145                       3.000                   1.000                     6.000           11.250           3.000                701   Full                                     Purchase                    Owner Occupied             SFR
1103646146                       0.000                   0.000                     0.000            6.375           0.000                683   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646156                       0.000                   0.000                     0.000            5.750           0.000                793   Full                                     Purchase                    Owner Occupied             SFR
1103646160                       3.000                   1.000                     6.000           12.375           2.750                745   Stated                                   Cash Out Refinance          Investor                   PUD
1103646162                       3.000                   1.000                     6.000           12.125           3.000                711   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
1103646170                       3.000                   1.000                     6.000           12.000           2.750                743   SISA                                     Purchase                    Owner Occupied             SFR
1103646175                       0.000                   0.000                     0.000            6.625           0.000                654   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103646199                       3.000                   1.000                     6.000           14.000           2.750                621   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             CONDO
1103646210                       3.000                   1.000                     6.000           13.500           7.500                672   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103646222                       0.000                   0.000                     0.000            6.125           0.000                721   SISA                                     Rate/Term Refinance         Investor                   2-FAMILY
1103646227                       3.000                   1.000                     6.000           13.250           3.000                767   Stated                                   Purchase                    Owner Occupied             SFR
1103646233                       3.000                   1.000                     6.000           12.875           3.000                728   Stated                                   Purchase                    Investor                   PUD
1103646237                       3.000                   1.000                     6.000           13.250           3.000                718   Stated                                   Purchase                    Investor                   D-PUDS
1103646271                       0.000                   0.000                     0.000            6.000           0.000                736   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103646282                       3.000                   1.000                     6.000           12.500           3.000                717   Stated                                   Purchase                    Investor                   HI-RISE
1103646299                       0.000                   0.000                     0.000            7.000           0.000                754   Stated                                   Purchase                    Second Home                HI-RISE
1103646302                       0.000                   0.000                     0.000            6.375           0.000                715   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646304                       0.000                   0.000                     0.000            9.125           0.000                675   Stated                                   Purchase                    Investor                   SFR
1103646347                       3.000                   1.000                     6.000           13.125           3.000                697   Stated                                   Purchase                    Investor                   SFR
1103646383                       3.000                   1.000                     6.000           12.625           3.000                736   Stated                                   Purchase                    Owner Occupied             SFR
1103646391                       3.000                   1.000                     6.000           11.750           2.750                740   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103646394                       3.000                   1.000                     6.000           14.220           8.220                647   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646409                       0.000                   0.000                     0.000            6.625           0.000                678   Stated                                   Purchase                    Owner Occupied             SFR
1103646416                       3.000                   1.000                     6.000           16.500           4.500                602   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             D-PUDS
1103646429                       3.000                   1.000                     6.000           14.625           2.875                808   Stated                                   Purchase                    Investor                   D-PUDS
1103646438                       3.000                   1.000                     6.000           15.875           4.500                660   Express No Doc                           Purchase                    Owner Occupied             SFR
1103646441                       0.000                   0.000                     0.000            5.875           0.000                686   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103646444                       3.000                   1.000                     6.000           13.375           3.000                653   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646462                       0.000                   0.000                     0.000            6.875           0.000                674   Stated                                   Purchase                    Owner Occupied             SFR
1103646484                       0.000                   0.000                     0.000            7.750           0.000                689   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103646503                       0.000                   0.000                     0.000            7.375           0.000                657   Stated                                   Purchase                    Investor                   2-FAMILY
1103646533                       3.000                   1.000                     6.000           11.875           3.000                755   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             D-PUDS
1103646537                       3.000                   1.000                     6.000           12.500           3.000                726   Stated                                   Purchase                    Investor                   CONDO
1103646544                       3.000                   1.000                     6.000           12.375           2.750                707   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646576                       3.000                   1.000                     6.000           12.250           3.000                718   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646618                       0.000                   0.000                     0.000            7.250           0.000                704   SISA                                     Purchase                    Owner Occupied             D-PUDS
1103646625                       0.000                   0.000                     0.000            6.250           0.000                794   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646629                       0.000                   0.000                     0.000            6.250           0.000                697   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103646661                       3.000                   1.000                     6.000           12.375           3.000                774   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646674                       0.000                   0.000                     0.000            7.500           0.000                696   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646684                       0.000                   0.000                     0.000            6.250           0.000                773   Stated                                   Purchase                    Investor                   SFR
1103646685                       5.000                   2.000                     5.000           10.750           2.250                797   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646686                       5.000                   2.000                     5.000           10.625           2.250                720   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103646687                       5.000                   2.000                     5.000           10.875           2.250                760   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103646688                       5.000                   2.000                     5.000           11.000           2.250                751   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103646689                       5.000                   2.000                     5.000           11.500           3.250                732   Full                                     Purchase                    Owner Occupied             SFR
1103646691                       5.000                   2.000                     5.000           11.375           3.250                755   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646692                       5.000                   2.000                     5.000           10.875           2.250                737   Full                                     Purchase                    Owner Occupied             SFR
1103646693                       5.000                   2.000                     5.000           11.375           3.250                762   SISA                                     Purchase                    Owner Occupied             SFR
1103646694                       5.000                   2.000                     5.000           11.250           3.250                731   Stated                                   Cash Out Refinance          Investor                   CONDO
1103646695                       5.000                   2.000                     5.000           11.875           3.250                696   Stated                                   Purchase                    Owner Occupied             SFR
1103646696                       5.000                   2.000                     5.000           11.250           3.250                689   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646697                       5.000                   2.000                     5.000           11.625           3.250                754   Full                                     Cash Out Refinance          Investor                   SFR
1103646698                       5.000                   2.000                     5.000           12.125           3.250                681   Stated                                   Rate/Term Refinance         Investor                   SFR
1103646699                       5.000                   2.000                     5.000           11.875           3.250                749   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646700                       5.000                   2.000                     5.000           11.500           3.250                784   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646701                       5.000                   2.000                     5.000           11.375           3.250                749   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646702                       5.000                   2.000                     5.000           12.125           3.250                692   Stated                                   Purchase                    Owner Occupied             PUD
1103646703                       5.000                   2.000                     5.000           11.875           2.250                773   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646704                       5.000                   2.000                     5.000           11.500           3.250                736   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103646705                       5.000                   2.000                     5.000           12.000           3.250                698   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103646706                       5.000                   2.000                     5.000           11.375           3.250                770   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646707                       5.000                   2.000                     5.000           11.625           3.250                759   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103646708                       5.000                   2.000                     5.000           10.875           2.250                799   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646709                       5.000                   2.000                     5.000           12.625           3.250                662   Express Verified Assets                  Cash Out Refinance          Investor                   PUD
1103646710                       5.000                   2.000                     5.000           11.250           2.250                665   Full                                     Purchase                    Owner Occupied             SFR
1103646711                       5.000                   2.000                     5.000           11.250           2.250                678   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646712                       5.000                   2.000                     5.000           11.000           2.250                673   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103646713                       5.000                   2.000                     5.000           12.000           3.250                720   Express Verified Assets                  Purchase                    Investor                   SFR
1103646714                       5.000                   2.000                     5.000           11.875           3.250                667   Stated                                   Purchase                    Owner Occupied             CONDO
1103646715                       5.000                   2.000                     5.000           12.125           3.250                666   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646716                       5.000                   2.000                     5.000           11.500           3.250                808   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103646717                       5.000                   2.000                     5.000           11.250           3.250                676   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646718                       5.000                   2.000                     5.000           12.625           3.250                742   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
1103646719                       5.000                   2.000                     5.000           11.375           3.250                687   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103646720                       5.000                   2.000                     5.000           12.000           3.250                642   Stated                                   Cash Out Refinance          Second Home                SFR
1103646721                       5.000                   2.000                     5.000           11.375           3.250                767   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103646722                       5.000                   2.000                     5.000           11.500           3.250                664   Stated                                   Purchase                    Owner Occupied             SFR
1103646723                       5.000                   2.000                     5.000           11.500           3.250                622   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103646725                       5.000                   2.000                     5.000           11.625           3.250                634   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103646726                       5.000                   2.000                     5.000           12.125           3.250                632   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646727                       5.000                   2.000                     5.000           11.750           3.250                624   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646728                       5.000                   2.000                     5.000           11.750           3.250                636   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646729                       5.000                   2.000                     5.000           11.625           3.250                636   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103646770                       0.000                   0.000                     0.000            6.125           0.000                687   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103646782                       3.000                   1.000                     6.000           11.750           2.750                684   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103646794                       0.000                   0.000                     0.000            7.300           0.000                712   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103646799                       0.000                   0.000                     0.000            6.500           0.000                707   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646810                       3.000                   1.000                     6.000           13.750           7.750                677   Stated                                   Cash Out Refinance          Investor                   SFR
1103646817                       0.000                   0.000                     0.000            6.375           0.000                639   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103646832                       0.000                   0.000                     0.000            6.750           0.000                670   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103646840                       0.000                   0.000                     0.000            6.500           0.000                720   Full                                     Purchase                    Owner Occupied             SFR
1103646878                       3.000                   1.000                     6.000           12.250           3.000                697   Stated                                   Purchase                    Investor                   SFR
1103646882                       0.000                   0.000                     0.000            6.375           0.000                790   Full                                     Purchase                    Owner Occupied             SFR
1103646886                       3.000                   1.000                     6.000           12.000           2.750                729   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103646908                       3.000                   1.000                     6.000           12.500           3.000                687   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103646911                       3.000                   1.000                     6.000           11.375           3.000                677   Stated                                   Purchase                    Owner Occupied             SFR
1103646914                       0.000                   0.000                     0.000            6.250           0.000                730   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103646927                       3.000                   1.000                     6.000           12.875           3.000                690   SISA                                     Purchase                    Owner Occupied             CONDO
1103646950                       3.000                   1.000                     6.000           13.000           3.000                704   SISA                                     Cash Out Refinance          Investor                   SFR
1103646972                       3.000                   1.000                     6.000           13.250           3.000                702   Stated                                   Purchase                    Owner Occupied             SFR
1103646975                       3.000                   1.000                     6.000           12.875           3.000                678   Stated                                   Purchase                    Investor                   PUD
1103647008                       3.000                   1.000                     6.000           13.625           3.000                735   Stated                                   Purchase                    Second Home                CONDOTEL
1103647018                       3.000                   1.000                     6.000           14.300           3.000                678   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103647035                       0.000                   0.000                     0.000            6.250           0.000                742   SISA                                     Rate/Term Refinance         Second Home                CONDO
1103647043                       0.000                   0.000                     0.000            7.000           0.000                753   SISA                                     Cash Out Refinance          Investor                   2-FAMILY
1103647046                       3.000                   1.000                     6.000           12.000           3.000                759   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103647059                       0.000                   0.000                     0.000            5.125           0.000                790   Stated                                   Cash Out Refinance          Investor                   SFR
1103647063                       3.000                   1.000                     6.000           13.625           3.000                698   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647071                       0.000                   0.000                     0.000            6.625           0.000                702   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103647089                       3.000                   1.000                     6.000           12.500           3.000                670   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647091                       3.000                   1.000                     6.000           12.625           2.500                720   Stated                                   Cash Out Refinance          Investor                   SFR
1103647097                       3.000                   1.000                     6.000           13.125           3.000                746   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103647102                       3.000                   1.000                     6.000           15.125           3.000                601   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647119                       3.000                   1.000                     6.000           15.500           3.750                690   Express Non-Verified Assets              Purchase                    Investor                   CONDO
1103647129                       3.000                   1.000                     6.000           13.000           2.750                624   Stated                                   Purchase                    Owner Occupied             SFR
1103647131                       3.000                   1.000                     6.000           13.000           7.000                688   Stated                                   Purchase                    Investor                   CONDO
1103647138                       0.000                   0.000                     0.000            6.500           0.000                683   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647163                       3.000                   1.000                     6.000           12.500           3.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647170                       0.000                   0.000                     0.000            7.125           0.000                787   SISA                                     Purchase                    Investor                   4-FAMILY
1103647178                       3.000                   1.000                     6.000           15.800           3.800                671   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103647209                       3.000                   1.000                     6.000           13.500           3.000                688   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647228                       0.000                   0.000                     0.000            8.220           0.000                711   Stated                                   Purchase                    Investor                   D-PUDS
1103647251                       3.000                   1.000                     6.000           13.125           3.000                651   Stated                                   Purchase                    Owner Occupied             SFR
1103647303                       0.000                   0.000                     0.000            6.375           0.000                670   Stated                                   Cash Out Refinance          Investor                   SFR
1103647304                       3.000                   1.000                     6.000           13.500           3.000                672   Express Non-Verified Assets              Purchase                    Second Home                SFR
1103647313                       3.000                   1.000                     6.000           11.750           3.000                727   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103647327                       0.000                   0.000                     0.000            6.125           0.000                746   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103647332                       3.000                   1.000                     6.000           11.750           3.000                737   SISA                                     Cash Out Refinance          Owner Occupied             2-FAMILY
1103647337                       3.000                   1.000                     6.000           11.625           3.000                755   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             D-PUDS
1103647350                       3.000                   1.000                     6.000           14.000           2.750                671   Stated                                   Purchase                    Owner Occupied             SFR
1103647363                       3.000                   1.000                     6.000           13.250           3.000                657   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647377                       0.000                   0.000                     0.000            8.250           0.000                725   Stated                                   Purchase                    Investor                   PUD
1103647404                       3.000                   1.000                     6.000           12.875           3.000                714   Stated                                   Purchase                    Owner Occupied             CONDO
1103647415                       3.000                   1.000                     6.000           12.875           4.000                717   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103647420                       0.000                   0.000                     0.000            5.875           0.000                738   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103647421                       3.000                   1.000                     6.000           12.875           3.000                608   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647424                       3.000                   1.000                     6.000           12.250           3.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647454                       3.000                   1.000                     6.000           12.625           3.000                628   Stated                                   Cash Out Refinance          Investor                   SFR
1103647474                       0.000                   0.000                     0.000            6.625           0.000                723   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103647477                       3.000                   1.000                     6.000           12.500           3.000                640   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103647479                       3.000                   1.000                     6.000           12.875           6.875                771   Stated                                   Purchase                    Investor                   SFR
1103647483                       3.000                   1.000                     6.000           13.250           7.250                704   Stated                                   Purchase                    Investor                   CONDO
1103647492                       3.000                   1.000                     6.000           12.000           2.500                681   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103647494                       0.000                   0.000                     0.000            6.750           0.000                675   Express No Doc                           Purchase                    Owner Occupied             SFR
1103647498                       0.000                   0.000                     0.000            6.625           0.000                771   Full                                     Cash Out Refinance          Investor                   SFR
1103647499                       0.000                   0.000                     0.000            5.625           0.000                760   Full                                     Purchase                    Owner Occupied             D-PUDS
1103647503                       3.000                   1.000                     6.000           13.125           7.125                710   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647510                       3.000                   1.000                     6.000           13.375           3.000                793   Stated                                   Purchase                    Investor                   SFR
1103647545                       3.000                   1.000                     6.000           15.000           3.000                651   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
1103647554                       3.000                   1.000                     6.000           13.375           3.000                606   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647563                       3.000                   1.000                     6.000           11.625           3.000                777   Full                                     Cash Out Refinance          Investor                   SFR
1103647618                       3.000                   1.000                     6.000           11.750           3.000                759   Stated                                   Purchase                    Owner Occupied             SFR
1103647621                       3.000                   1.000                     6.000           13.375           4.000                685   Stated                                   Purchase                    Owner Occupied             SFR
1103647633                       0.000                   0.000                     0.000            6.500           0.000                619   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103647642                       0.000                   0.000                     0.000            5.750           0.000                806   Full                                     Rate/Term Refinance         Investor                   SFR
1103647667                       0.000                   0.000                     0.000            7.000           0.000                700   Stated                                   Rate/Term Refinance         Investor                   SFR
1103647681                       3.000                   1.000                     6.000           12.750           3.000                642   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103647686                       3.000                   1.000                     6.000           12.125           3.000                650   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103647707                       3.000                   1.000                     6.000           12.500           3.625                684   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103647712                       3.000                   1.000                     6.000           11.875           5.875                795   Full                                     Purchase                    Second Home                CONDO
1103647725                       3.000                   1.000                     6.000           12.900           3.000                698   Stated                                   Purchase                    Owner Occupied             CONDO
1103647757                       0.000                   0.000                     0.000            7.375           0.000                671   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103647762                       3.000                   1.000                     6.000           13.875           3.000                685   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103647778                       0.000                   0.000                     0.000            6.125           0.000                666   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103647788                       3.000                   1.000                     6.000           12.125           3.000                647   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103647793                       3.000                   1.000                     6.000           13.750           3.000                683   Stated                                   Cash Out Refinance          Investor                   SFR
1103647794                       0.000                   0.000                     0.000            6.250           0.000                716   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647815                       3.000                   1.000                     2.575            9.950           3.000                658   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103647843                       3.000                   1.000                     6.000           12.000           3.500                756   Express No Doc Verified Assets           Cash Out Refinance          Owner Occupied             SFR
1103647844                       0.000                   0.000                     0.000            6.500           0.000                633   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
1103647856                       3.000                   1.000                     6.000           12.250           3.000                673   SISA                                     Cash Out Refinance          Investor                   SFR
1103647859                       3.000                   1.000                     6.000           12.250           3.000                798   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103647876                       3.000                   1.000                     6.000           13.750           3.000                683   Stated                                   Cash Out Refinance          Investor                   SFR
1103647884                       0.000                   0.000                     0.000            7.625           0.000                653   Stated                                   Cash Out Refinance          Investor                   CONDO
1103647885                       3.000                   1.000                     6.000           14.125           3.000                729   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103647893                       0.000                   0.000                     0.000            5.990           0.000                691   SISA                                     Rate/Term Refinance         Investor                   HI-RISE
1103647900                       3.000                   1.000                     6.000           14.125           3.000                729   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103647901                       3.000                   1.000                     6.000           11.375           3.000                741   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647912                       6.000                   2.000                     6.000           14.000           2.750                735   Stated                                   Purchase                    Investor                   3-FAMILY
1103647913                       5.000                   1.000                     5.000           12.625           2.875                696   Express Verified Assets                  Purchase                    Investor                   2-FAMILY
1103647914                       5.000                   1.000                     5.000           11.500           2.500                685   Stated                                   Rate/Term Refinance         Owner Occupied             CONDONONWA
1103647918                       0.000                   0.000                     0.000            6.375           0.000                752   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647921                       3.000                   1.000                     6.000           14.250           3.000                679   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103647927                       3.000                   1.000                     6.000           13.750           3.000                683   Stated                                   Cash Out Refinance          Investor                   SFR
1103647932                       3.000                   1.000                     6.000           12.625           3.000                619   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103647935                       0.000                   0.000                     0.000            8.250           0.000                667   Stated                                   Cash Out Refinance          Second Home                SFR
1103647936                       0.000                   0.000                     0.000            7.375           0.000                807   Express No Doc                           Cash Out Refinance          Owner Occupied             CONDO
1103647937                       0.000                   0.000                     0.000            6.500           0.000                715   Express No Doc                           Purchase                    Owner Occupied             SFR
1103647938                       0.000                   0.000                     0.000            8.000           0.000                664   SISA                                     Cash Out Refinance          Second Home                CONDO
1103647941                       0.000                   0.000                     0.000            6.875           0.000                624   Stated                                   Cash Out Refinance          Owner Occupied             HI-RISE
1103647942                       0.000                   0.000                     0.000            6.875           0.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647944                       0.000                   0.000                     0.000            6.750           0.000                674   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647945                       0.000                   0.000                     0.000            8.250           0.000                652   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
1103647950                       0.000                   0.000                     0.000            7.500           0.000                752   Express Verified Assets                  Cash Out Refinance          Second Home                SFR
1103647952                       0.000                   0.000                     0.000            6.500           0.000                786   Stated                                   Purchase                    Owner Occupied             SFR
1103647954                       0.000                   0.000                     0.000            6.875           0.000                726   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103647955                       0.000                   0.000                     0.000            6.375           0.000                726   Stated                                   Purchase                    Owner Occupied             SFR
1103647957                       0.000                   0.000                     0.000            6.875           0.000                796   Full                                     Purchase                    Investor                   2-FAMILY
1103647958                       0.000                   0.000                     0.000            6.500           0.000                668   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103647959                       0.000                   0.000                     0.000            7.875           0.000                684   Express Verified Assets                  Purchase                    Owner Occupied             2-FAMILY
1103647960                       0.000                   0.000                     0.000            7.500           0.000                675   Full                                     Purchase                    Owner Occupied             SFR
1103647961                       0.000                   0.000                     0.000            6.000           0.000                660   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103647962                       0.000                   0.000                     0.000            6.625           0.000                742   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103647965                       0.000                   0.000                     0.000            6.500           0.000                694   Stated                                   Cash Out Refinance          Second Home                PUD
1103647967                       0.000                   0.000                     0.000            6.875           0.000                778   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103647981                       3.000                   1.000                     6.000           12.999           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
1103648032                       3.000                   1.000                     6.000           11.375           3.000                734   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103648041                       0.000                   0.000                     0.000            6.125           0.000                708   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103648046                       0.000                   0.000                     0.000            5.875           0.000                788   Full                                     Purchase                    Owner Occupied             SFR
1103648051                       3.000                   1.000                     6.000           12.750           6.750                661   Stated                                   Purchase                    Investor                   SFR
1103648069                       3.000                   1.000                     6.000           12.125           3.000                783   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648088                       3.000                   1.000                     6.000           13.250           2.500                715   Stated                                   Purchase                    Investor                   D-PUDS
1103648102                       3.000                   1.000                     6.000           13.250           2.500                715   Stated                                   Purchase                    Investor                   D-PUDS
1103648103                       3.000                   1.000                     6.000           12.375           3.000                694   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648127                       3.000                   1.000                     6.000           13.250           3.000                741   Full                                     Purchase                    Investor                   SFR
1103648131                       3.000                   1.000                     6.000           12.375           3.000                687   Stated                                   Cash Out Refinance          Investor                   SFR
1103648149                       3.000                   1.000                     6.000           13.000           3.000                751   Stated                                   Purchase                    Investor                   SFR
1103648161                       3.000                   1.000                     6.000           12.375           3.000                665   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103648181                       0.000                   0.000                     0.000            7.750           0.000                660   Full                                     Purchase                    Investor                   3-FAMILY
1103648203                       0.000                   0.000                     0.000            5.625           0.000                803   Full                                     Purchase                    Second Home                D-PUDS
1103648217                       0.000                   0.000                     0.000            7.375           0.000                762   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103648229                       3.000                   1.000                     6.000           14.125           8.125                627   Stated                                   Purchase                    Second Home                D-PUDS
1103648236                       3.000                   1.000                     6.000           14.625           3.000                603   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648238                       3.000                   1.000                     6.000           13.875           3.000                654   Stated                                   Cash Out Refinance          Investor                   SFR
1103648249                       0.000                   0.000                     0.000            5.625           0.000                813   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103648250                       3.000                   1.000                     6.000           12.750           3.000                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648263                       0.000                   0.000                     0.000            6.375           0.000                795   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648267                       3.000                   1.000                     6.000           12.750           3.000                650   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103648288                       3.000                   1.000                     6.000           12.375           3.000                690   Stated                                   Purchase                    Investor                   SFR
1103648296                       0.000                   0.000                     0.000            6.250           0.000                716   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103648342                       3.000                   1.000                     6.000           12.875           6.875                667   Stated                                   Cash Out Refinance          Investor                   SFR
1103648352                       3.000                   1.000                     6.000           12.875           3.000                747   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103648371                       0.000                   0.000                     0.000            6.000           0.000                726   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103648378                       5.000                   2.000                     5.000           11.500           3.250                797   Full                                     Purchase                    Owner Occupied             SFR
1103648379                       5.000                   2.000                     5.000           11.250           2.250                769   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648381                       5.000                   2.000                     5.000           11.375           3.250                682   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103648382                       5.000                   2.000                     5.000           11.625           3.250                743   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103648383                       5.000                   2.000                     5.000           11.875           3.250                679   Stated                                   Cash Out Refinance          Investor                   SFR
1103648384                       5.000                   2.000                     5.000           12.625           3.250                778   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103648385                       5.000                   2.000                     5.000           11.375           3.250                734   SISA                                     Rate/Term Refinance         Investor                   3-FAMILY
1103648386                       5.000                   2.000                     5.000           11.625           3.250                725   Stated                                   Purchase                    Owner Occupied             SFR
1103648387                       5.000                   2.000                     5.000           12.250           3.250                711   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103648388                       5.000                   2.000                     5.000           11.750           3.250                694   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648389                       5.000                   2.000                     5.000           11.500           3.250                754   Stated                                   Purchase                    Owner Occupied             CONDO
1103648390                       5.000                   2.000                     5.000           11.500           3.250                690   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103648391                       5.000                   2.000                     5.000           11.375           3.250                676   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103648392                       5.000                   2.000                     5.000           11.000           2.250                650   Full                                     Purchase                    Owner Occupied             CONDO
1103648393                       5.000                   2.000                     5.000           10.250           2.250                735   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103648394                       5.000                   2.000                     5.000           12.625           3.250                661   Stated                                   Purchase                    Investor                   HI-RISE
1103648396                       5.000                   2.000                     5.000           11.250           3.250                652   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             CONDO
1103648397                       5.000                   2.000                     5.000           11.625           3.250                686   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648398                       5.000                   2.000                     5.000           11.250           3.250                754   Full                                     Purchase                    Owner Occupied             2-FAMILY
1103648399                       5.000                   2.000                     5.000           11.375           2.250                751   Full                                     Purchase                    Owner Occupied             CONDO
1103648406                       0.000                   0.000                     0.000            5.875           0.000                760   Stated                                   Purchase                    Owner Occupied             SFR
1103648412                       3.000                   1.000                     6.000           12.375           3.000                714   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648413                       3.000                   1.000                     6.000           12.250           3.000                713   Stated                                   Purchase                    Investor                   SFR
1103648421                       3.000                   1.000                     6.000           12.500           3.000                781   Full                                     Rate/Term Refinance         Investor                   D-PUDS
1103648429                       3.000                   1.000                     6.000           11.750           3.000                771   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103648430                       3.000                   1.000                     6.000           12.375           3.000                682   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103648442                       3.000                   1.000                     6.000           13.000           3.000                731   Stated                                   Purchase                    Owner Occupied             CONDO
1103648445                       0.000                   0.000                     0.000            6.375           0.000                782   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648448                       0.000                   0.000                     0.000            6.500           0.000                690   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
1103648466                       3.000                   1.000                     6.000           12.875           3.000                743   Stated                                   Purchase                    Owner Occupied             SFR
1103648469                       3.000                   1.000                     6.000           13.750           3.000                672   Stated                                   Purchase                    Owner Occupied             SFR
1103648474                       0.000                   0.000                     0.000            8.000           0.000                668   Stated                                   Rate/Term Refinance         Investor                   SFR
1103648476                       0.000                   0.000                     0.000            6.250           0.000                771   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103648486                       0.000                   0.000                     0.000            7.500           0.000                649   SISA                                     Cash Out Refinance          Owner Occupied             CONDO
1103648495                       0.000                   0.000                     0.000            6.500           0.000                729   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103648498                       3.000                   1.000                     6.000           12.750           3.000                741   Stated                                   Purchase                    Investor                   SFR
1103648533                       0.000                   0.000                     0.000            7.000           0.000                707   Stated                                   Purchase                    Investor                   CONDO
1103648551                       3.000                   1.000                     6.000           12.625           3.000                655   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103648577                       3.000                   1.000                     6.000           12.250           2.500                693   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103648585                       0.000                   0.000                     0.000            7.125           0.000                695   Stated                                   Cash Out Refinance          Investor                   SFR
1103648593                       5.000                   2.000                     5.000           13.000           3.000                638   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103648613                       0.000                   0.000                     0.000            7.375           0.000                716   Stated                                   Cash Out Refinance          Investor                   SFR
1103648620                       3.000                   1.000                     6.000           16.000           4.375                633   SISA                                     Purchase                    Second Home                HI-RISE
1103648628                       3.000                   1.000                     6.000           14.125           8.125                771   Stated                                   Cash Out Refinance          Investor                   SFR
1103648685                       3.000                   1.000                     6.000           11.875           3.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103648707                       3.000                   1.000                     6.000           18.250          12.250                658   Stated                                   Cash Out Refinance          Investor                   SFR
1103648735                       3.000                   1.000                     6.000           13.900           3.000                708   Express Verified Assets                  Purchase                    Owner Occupied             D-PUDS
1103648776                       0.000                   0.000                     0.000            5.625           0.000                770   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103648812                       0.000                   0.000                     0.000            6.250           0.000                716   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648822                       3.000                   1.000                     6.000           13.250           3.000                741   Express No Doc                           Purchase                    Owner Occupied             D-PUDS
1103648825                       3.000                   1.000                     6.000           15.300           3.000                640   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103648844                       3.000                   1.000                     6.000           14.000           3.000                673   Stated                                   Purchase                    Owner Occupied             CONDO
1103648845                       3.000                   1.000                     6.000           11.875           3.000                777   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103648850                       3.000                   1.000                     6.000           11.250           3.000                720   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103648862                       0.000                   0.000                     0.000            6.699           0.000                732   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648875                       3.000                   1.000                     6.000           12.375           2.500                725   Stated                                   Purchase                    Investor                   SFR
1103648884                       0.000                   0.000                     0.000            7.125           0.000                645   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103648916                       3.000                   1.000                     6.000           12.725           3.000                662   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103648937                       0.000                   0.000                     0.000            6.125           0.000                795   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103648946                       0.000                   0.000                     0.000            6.000           0.000                673   Full                                     Purchase                    Owner Occupied             SFR
1103648956                       0.000                   0.000                     0.000            6.125           0.000                795   Stated                                   Purchase                    Owner Occupied             SFR
1103648960                       3.000                   1.000                     6.000           12.750           3.000                729   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648961                       3.000                   1.000                     6.000           12.375           2.500                722   Full                                     Rate/Term Refinance         Investor                   SFR
1103648967                       3.000                   1.000                     6.000           12.375           3.000                768   Stated                                   Purchase                    Investor                   SFR
1103648972                       3.000                   1.000                     6.000           12.375           2.250                722   Full                                     Cash Out Refinance          Investor                   D-PUDS
1103648978                       0.000                   0.000                     0.000            6.625           0.000                685   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103648980                       0.000                   0.000                     0.000            6.250           0.000                717   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648993                       0.000                   0.000                     0.000            7.950           0.000                650   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103649004                       3.000                   1.000                     6.000           11.875           2.750                710   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103649006                       3.000                   1.000                     6.000           11.500           3.000                688   Stated                                   Purchase                    Owner Occupied             CONDO
1103649017                       3.000                   1.000                     6.000           11.500           3.000                813   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649024                       3.000                   1.000                     6.000           12.875           3.000                760   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103649033                       3.000                   1.000                     6.000           12.625           3.000                687   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103649070                       3.000                   1.000                     6.000           12.750           3.000                695   Stated                                   Purchase                    Second Home                CONDO
1103649074                       3.000                   1.000                     6.000           12.625           3.000                751   Stated                                   Purchase                    Investor                   2-FAMILY
1103649079                       3.000                   1.000                     6.000           12.250           3.000                682   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103649080                       3.000                   1.000                     6.000           13.250           3.000                726   Stated                                   Purchase                    Owner Occupied             SFR
1103649084                       0.000                   0.000                     0.000            6.875           0.000                713   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103649099                       0.000                   0.000                     0.000            5.875           0.000                723   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649101                       3.000                   1.000                     6.000           11.375           3.000                675   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649102                       3.000                   1.000                     6.000           14.625           4.000                680   Stated                                   Cash Out Refinance          Investor                   SFR
1103649109                       3.000                   1.000                     6.000           12.125           2.750                756   SISA                                     Purchase                    Owner Occupied             D-PUDS
1103649122                       0.000                   0.000                     0.000            6.500           0.000                758   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649124                       0.000                   0.000                     0.000            6.375           0.000                680   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649134                       3.000                   1.000                     6.000           11.875           3.000                791   Express No Doc                           Cash Out Refinance          Owner Occupied             D-PUDS
1103649146                       0.000                   0.000                     0.000            8.750           0.000                688   Express Non-Verified Assets              Purchase                    Owner Occupied             D-PUDS
1103649149                       0.000                   0.000                     0.000            5.625           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649156                       0.000                   0.000                     0.000            6.625           0.000                782   Stated                                   Rate/Term Refinance         Investor                   SFR
1103649158                       3.000                   1.000                     6.000           12.375           3.000                626   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649162                       3.000                   1.000                     6.000           13.375           3.000                651   Express Verified Assets                  Rate/Term Refinance         Investor                   D-PUDS
1103649166                       0.000                   0.000                     0.000            6.000           0.000                691   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103649173                       0.000                   0.000                     0.000            5.750           0.000                806   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103649198                       0.000                   0.000                     0.000            6.250           0.000                711   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103649227                       3.000                   1.000                     6.000           12.250           3.000                691   Stated                                   Cash Out Refinance          Investor                   SFR
1103649235                       3.000                   1.000                     6.000           13.990           7.990                662   Stated                                   Purchase                    Investor                   SFR
1103649237                       0.000                   0.000                     0.000            6.000           0.000                767   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649254                       0.000                   0.000                     0.000            6.375           0.000                710   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649265                       3.000                   1.000                     6.000           11.500           3.000                706   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103649266                       3.000                   1.000                     6.000           13.250           2.750                660   Stated                                   Cash Out Refinance          Investor                   CONDO
1103649271                       3.000                   1.000                     6.000           12.125           4.500                702   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103649332                       0.000                   0.000                     0.000            5.750           0.000                784   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649342                       3.000                   1.000                     6.000           12.500           2.750                764   SISA                                     Rate/Term Refinance         Investor                   3-FAMILY
1103649369                       3.000                   1.000                     6.000           11.625           3.000                690   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649376                       3.000                   1.000                     6.000           12.375           3.000                700   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649379                       0.000                   0.000                     0.000            6.250           0.000                756   Stated                                   Cash Out Refinance          Investor                   SFR
1103649392                       3.000                   1.000                     6.000           13.500           3.000                704   SISA                                     Purchase                    Owner Occupied             SFR
1103649399                       0.000                   0.000                     0.000            6.500           0.000                748   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103649410                       3.000                   1.000                     6.000           12.375           3.000                766   Stated                                   Purchase                    Owner Occupied             SFR
1103649424                       3.000                   1.000                     6.000           12.625           3.750                641   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103649480                       3.000                   1.000                     6.000           13.625           3.000                695   Stated                                   Purchase                    Owner Occupied             4-FAMILY
1103649484                       0.000                   0.000                     0.000            5.875           0.000                759   Stated                                   Purchase                    Owner Occupied             SFR
1103649515                       0.000                   0.000                     0.000            6.125           0.000                754   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649517                       3.000                   1.000                     6.000           12.625           3.000                621   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649526                       3.000                   1.000                     6.000           12.375           2.500                789   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
1103649528                       3.000                   1.000                     6.000           12.125           2.750                682   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103649537                       0.000                   0.000                     0.000            6.875           0.000                720   Stated                                   Purchase                    Investor                   CONDO
1103649556                       3.000                   1.000                     6.000           13.125           3.000                699   Stated                                   Purchase                    Owner Occupied             CONDO
1103649572                       0.000                   0.000                     0.000            6.500           0.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649573                       3.000                   1.000                     6.000           12.125           3.000                709   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649584                       3.000                   1.000                     6.000           12.875           3.000                668   Stated                                   Purchase                    Second Home                HI-RISE
1103649596                       3.000                   1.000                     6.000           12.500           4.000                786   Stated                                   Purchase                    Owner Occupied             SFR
1103649624                       3.000                   1.000                     6.000           16.250          10.250                665   Express No Doc                           Purchase                    Owner Occupied             D-PUDS
1103649639                       3.000                   1.000                     6.000           12.750           3.000                646   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103649641                       3.000                   1.000                     6.000           12.000           3.000                756   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649684                       3.000                   1.000                     6.000           11.875           3.000                698   Full                                     Purchase                    Owner Occupied             SFR
1103649706                       3.000                   1.000                     6.000           12.125           3.000                783   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649708                       0.000                   0.000                     0.000            6.500           0.000                735   Stated                                   Purchase                    Owner Occupied             SFR
1103649723                       3.000                   1.000                     6.000           12.000           2.750                772   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103649727                       3.000                   1.000                     6.000           11.625           3.000                744   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649746                       3.000                   1.000                     6.000           13.250           3.000                725   Stated                                   Purchase                    Owner Occupied             SFR
1103649785                       3.000                   1.000                     6.000           12.250           3.000                700   Full                                     Purchase                    Owner Occupied             SFR
1103649796                       3.000                   1.000                     6.000           13.930           3.000                  0   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103649797                       3.000                   1.000                     6.000           11.875           3.000                743   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103649811                       3.000                   1.000                     6.000           12.625           2.500                706   Stated                                   Purchase                    Owner Occupied             SFR
1103649812                       3.000                   1.000                     6.000           12.125           2.750                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103649818                       0.000                   0.000                     0.000            5.625           0.000                774   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103649860                       3.000                   1.000                     6.000           12.125           3.000                742   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103649867                       0.000                   0.000                     0.000            5.875           0.000                780   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649868                       0.000                   0.000                     0.000            6.200           0.000                694   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103649869                       3.000                   1.000                     6.000           15.250           3.625                690   SISA                                     Purchase                    Investor                   CONDO
1103649872                       3.000                   1.000                     6.000           13.500           3.000                733   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103649873                       0.000                   0.000                     0.000            6.375           0.000                716   Express Verified Assets                  Cash Out Refinance          Owner Occupied             CONDO
1103649879                       0.000                   0.000                     0.000            6.250           0.000                795   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649881                       3.000                   1.000                     6.000           12.375           4.000                622   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103649887                       3.000                   1.000                     6.000           12.375           3.000                664   Stated                                   Purchase                    Owner Occupied             SFR
1103649888                       3.000                   1.000                     6.000           12.000           3.000                792   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103649899                       3.000                   1.000                     6.000           11.875           2.750                800   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103649902                       3.000                   1.000                     6.000           12.250           2.750                806   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103649909                       3.000                   1.000                     6.000           12.625           3.000                654   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
1103649938                       3.000                   1.000                     6.000           13.250           2.500                661   Stated                                   Purchase                    Investor                   SFR
1103649967                       3.000                   1.000                     6.000           11.250           3.000                816   Full                                     Purchase                    Owner Occupied             SFR
1103649971                       0.000                   0.000                     0.000            7.375           0.000                685   Stated                                   Purchase                    Owner Occupied             SFR
1103649973                       0.000                   0.000                     0.000            5.750           0.000                794   Stated                                   Purchase                    Owner Occupied             SFR
1103649988                       0.000                   0.000                     0.000            6.875           0.000                769   Stated                                   Purchase                    Owner Occupied             SFR
1103649990                       3.000                   1.000                     6.000           13.625           3.000                655   Stated                                   Purchase                    Investor                   SFR
1103650023                       0.000                   0.000                     0.000            7.000           0.000                646   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650040                       3.000                   1.000                     6.000           12.750           6.750                741   Express Verified Assets                  Cash Out Refinance          Investor                   CONDO
1103650046                       0.000                   0.000                     0.000            5.875           0.000                770   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650048                       0.000                   0.000                     0.000            6.500           0.000                671   Full                                     Rate/Term Refinance         Owner Occupied             HI-RISE
1103650049                       3.000                   1.000                     6.000           12.625           3.000                725   Stated                                   Purchase                    Owner Occupied             SFR
1103650067                       3.000                   1.000                     6.000           12.375           3.000                710   Stated                                   Purchase                    Investor                   SFR
1103650095                       0.000                   0.000                     0.000            6.575           0.000                692   Stated                                   Rate/Term Refinance         Second Home                SFR
1103650097                       3.000                   1.000                     6.000           12.375           3.000                607   Full                                     Purchase                    Owner Occupied             SFR
1103650106                       3.000                   1.000                     6.000           12.625           2.500                646   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650177                       0.000                   0.000                     0.000            6.625           0.000                742   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103650180                       3.000                   1.000                     6.000           13.375           3.000                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650187                       0.000                   0.000                     0.000            5.750           0.000                762   Full                                     Purchase                    Owner Occupied             SFR
1103650202                       3.000                   1.000                     6.000           12.125           2.500                817   Stated                                   Cash Out Refinance          Second Home                SFR
1103650206                       0.000                   0.000                     0.000            6.750           0.000                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650216                       3.000                   1.000                     6.000           12.250           3.000                708   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650226                       0.000                   0.000                     0.000            5.625           0.000                696   SISA                                     Cash Out Refinance          Second Home                SFR
1103650236                       3.000                   1.000                     6.000           14.875           3.000                634   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103650238                       3.000                   1.000                     6.000           12.375           2.500                686   SISA                                     Purchase                    Owner Occupied             CONDO
1103650239                       3.000                   1.000                     6.000           11.900           3.000                693   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
1103650243                       3.000                   1.000                     6.000           12.875           3.000                624   Full                                     Purchase                    Owner Occupied             D-PUDS
1103650284                       3.000                   1.000                     6.000           12.125           3.000                813   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
1103650286                       3.000                   1.000                     6.000           11.750           3.000                764   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103650297                       3.000                   1.000                     6.000           11.625           2.750                758   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650303                       3.000                   1.000                     6.000           11.875           3.000                725   Stated                                   Purchase                    Owner Occupied             SFR
1103650350                       0.000                   0.000                     0.000            6.000           0.000                734   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103650364                       3.000                   1.000                     6.000           11.250           3.000                815   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103650367                       3.000                   1.000                     6.000           13.000           3.000                720   Stated                                   Purchase                    Investor                   SFR
1103650381                       0.000                   0.000                     0.000            6.500           0.000                658   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650382                       0.000                   0.000                     0.000            6.000           0.000                755   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650432                       3.000                   1.000                     6.000           11.875           3.000                787   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103650435                       0.000                   0.000                     0.000            7.250           0.000                679   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650449                       3.000                   1.000                     6.000           13.625           3.000                  0   Stated                                   Purchase                    Second Home                D-PUDS
1103650456                       0.000                   0.000                     0.000            7.000           0.000                677   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103650462                       0.000                   0.000                     0.000            6.250           0.000                726   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650481                       0.000                   0.000                     0.000            7.000           0.000                637   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103650503                       3.000                   1.000                     6.000           11.875           3.000                704   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103650514                       0.000                   0.000                     0.000            6.125           0.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650519                       0.000                   0.000                     0.000            5.625           0.000                813   Full                                     Purchase                    Owner Occupied             SFR
1103650522                       0.000                   0.000                     0.000            6.250           0.000                765   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650528                       3.000                   1.000                     6.000           13.375           2.750                733   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103650536                       0.000                   0.000                     0.000            6.000           0.000                720   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103650544                       3.000                   1.000                     6.000           12.000           2.750                764   SISA                                     Purchase                    Owner Occupied             PUD
1103650557                       0.000                   0.000                     0.000            6.250           0.000                717   Stated                                   Rate/Term Refinance         Investor                   SFR
1103650570                       3.000                   1.000                     6.000           12.900           3.000                773   Full                                     Purchase                    Owner Occupied             SFR
1103650588                       0.000                   0.000                     0.000            5.375           0.000                722   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103650592                       0.000                   0.000                     0.000            6.250           0.000                786   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103650600                       0.000                   0.000                     0.000            6.875           0.000                667   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103650607                       0.000                   0.000                     0.000            5.990           0.000                785   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103650613                       0.000                   0.000                     0.000            5.500           0.000                749   Stated                                   Purchase                    Owner Occupied             SFR
1103650619                       3.000                   1.000                     6.000           11.875           2.750                729   SISA                                     Purchase                    Owner Occupied             CONDO
1103650626                       0.000                   0.000                     0.000            6.750           0.000                688   SISA                                     Cash Out Refinance          Investor                   4-FAMILY
1103650627                       0.000                   0.000                     0.000            6.125           0.000                737   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650628                       0.000                   0.000                     0.000            6.375           0.000                747   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650629                       0.000                   0.000                     0.000            6.625           0.000                677   Stated                                   Purchase                    Owner Occupied             SFR
1103650630                       0.000                   0.000                     0.000            6.375           0.000                709   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103650631                       0.000                   0.000                     0.000            6.750           0.000                681   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650632                       0.000                   0.000                     0.000            6.500           0.000                734   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650633                       0.000                   0.000                     0.000            5.875           0.000                747   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103650634                       0.000                   0.000                     0.000            6.750           0.000                697   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650662                       3.000                   1.000                     6.000           11.875           3.250                703   Stated                                   Rate/Term Refinance         Second Home                SFR
1103650706                       3.000                   1.000                     6.000           12.000           2.750                761   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650712                       0.000                   0.000                     0.000            6.375           0.000                786   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650724                       3.000                   1.000                     6.000           15.750           9.750                680   Stated                                   Purchase                    Investor                   SFR
1103650733                       0.000                   0.000                     0.000            6.500           0.000                738   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650738                       0.000                   0.000                     0.000            6.875           0.000                660   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103650752                       0.000                   0.000                     0.000            7.560           0.000                727   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103650755                       0.000                   0.000                     0.000            6.250           0.000                729   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650788                       0.000                   0.000                     0.000            6.500           0.000                731   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103650804                       3.000                   1.000                     6.000           11.875           3.000                698   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103650842                       3.000                   1.000                     6.000           12.625           3.000                730   Full                                     Purchase                    Owner Occupied             SFR
1103650855                       0.000                   0.000                     0.000            6.875           0.000                697   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103650863                       0.000                   0.000                     0.000            6.750           0.000                692   SISA                                     Cash Out Refinance          Investor                   SFR
1103650869                       0.000                   0.000                     0.000            6.250           0.000                759   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103650882                       0.000                   0.000                     0.000            5.625           0.000                787   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103650889                       3.000                   1.000                     6.000           12.500           2.750                651   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103650902                       0.000                   0.000                     0.000            7.500           0.000                679   Stated                                   Purchase                    Owner Occupied             SFR
1103650903                       0.000                   0.000                     0.000            5.875           0.000                759   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103650916                       3.000                   1.000                     6.000           11.750           3.000                799   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103650917                       3.000                   1.000                     6.000           12.875           3.000                785   SISA                                     Purchase                    Owner Occupied             D-PUDS
1103650921                       3.000                   1.000                     6.000           12.250           3.000                737   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103650922                       3.000                   1.000                     6.000           12.250           3.000                802   Express Verified Assets                  Purchase                    Owner Occupied             CONDO
1103650933                       0.000                   0.000                     0.000            7.375           0.000                767   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103650935                       0.000                   0.000                     0.000            6.250           0.000                678   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650943                       0.000                   0.000                     0.000            6.813           0.000                734   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103650944                       3.000                   1.000                     6.000           13.000           3.000                687   Stated                                   Purchase                    Investor                   HI-RISE
1103650945                       3.000                   1.000                     6.000           11.500           3.000                799   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103650965                       0.000                   0.000                     0.000            6.625           0.000                779   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103650995                       3.000                   1.000                     6.000           14.250           3.000                735   Stated                                   Purchase                    Investor                   SFR
1103650998                       3.000                   1.000                     6.000           12.625           3.000                679   Stated                                   Purchase                    Owner Occupied             SFR
1103651009                       3.000                   1.000                     6.000           11.875           3.000                783   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103651015                       0.000                   0.000                     0.000            6.625           0.000                757   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651031                       0.000                   0.000                     0.000            5.250           0.000                680   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103651035                       3.000                   1.000                     6.000           12.375           3.000                767   Stated                                   Purchase                    Investor                   SFR
1103651050                       3.000                   1.000                     6.000           14.750           3.000                640   Stated                                   Cash Out Refinance          Investor                   SFR
1103651065                       3.000                   1.000                     6.000           13.375           7.375                682   SISA                                     Purchase                    Owner Occupied             SFR
1103651066                       3.000                   1.000                     6.000           14.750           8.750                735   SISA                                     Cash Out Refinance          Investor                   CONDO
1103651079                       0.000                   0.000                     0.000            6.680           0.000                730   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103651093                       0.000                   0.000                     0.000            5.750           0.000                714   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651104                       3.000                   1.000                     6.000           11.750           3.000                752   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651105                       0.000                   0.000                     0.000            6.000           0.000                813   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651107                       3.000                   1.000                     6.000           12.550           3.000                703   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
1103651114                       3.000                   1.000                     6.000           13.250           3.000                698   Stated                                   Purchase                    Investor                   CONDO
1103651159                       3.000                   1.000                     6.000           14.250           8.250                650   Stated                                   Purchase                    Investor                   SFR
1103651169                       0.000                   0.000                     0.000            6.875           0.000                741   SISA                                     Purchase                    Owner Occupied             SFR
1103651175                       3.000                   1.000                     6.000           12.250           3.000                736   Stated                                   Rate/Term Refinance         Investor                   SFR
1103651216                       0.000                   0.000                     0.000            6.000           0.000                746   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103651228                       3.000                   1.000                     6.000           12.000           3.000                640   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103651231                       3.000                   1.000                     6.000           13.875           3.000                616   Stated                                   Purchase                    Second Home                CONDO
1103651233                       3.000                   1.000                     6.000           12.500           3.000                740   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651234                       0.000                   0.000                     0.000            7.000           0.000                662   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
1103651241                       3.000                   1.000                     6.000           12.375           3.000                759   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
1103651255                       0.000                   0.000                     0.000            5.750           0.000                791   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651257                       3.000                   1.000                     6.000           12.375           3.000                738   Stated                                   Rate/Term Refinance         Investor                   SFR
1103651269                       0.000                   0.000                     0.000            6.875           0.000                706   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651270                       0.000                   0.000                     0.000            7.625           0.000                610   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651295                       3.000                   1.000                     6.000           11.625           3.000                680   Stated                                   Rate/Term Refinance         Investor                   CONDO
1103651312                       0.000                   0.000                     0.000            6.250           0.000                775   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651316                       0.000                   0.000                     0.000            7.500           0.000                608   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651317                       0.000                   0.000                     0.000            5.875           0.000                660   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103651335                       3.000                   1.000                     6.000           12.375           3.000                672   Express No Doc                           Purchase                    Owner Occupied             CONDO
1103651346                       3.000                   1.000                     6.000           12.500           3.000                719   Stated                                   Purchase                    Owner Occupied             SFR
1103651347                       3.000                   1.000                     6.000           13.375           2.500                621   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651348                       3.000                   1.000                     6.000           12.375           3.000                736   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103651349                       3.000                   1.000                     6.000           11.875           3.000                777   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651354                       0.000                   0.000                     0.000            6.000           0.000                809   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651365                       0.000                   0.000                     0.000            5.750           0.000                710   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103651389                       0.000                   0.000                     0.000            6.125           0.000                701   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103651390                       3.000                   1.000                     6.000           12.375           3.000                775   Full                                     Cash Out Refinance          Owner Occupied             2-FAMILY
1103651429                       0.000                   0.000                     0.000            6.500           0.000                676   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651432                       3.000                   1.000                     6.000           13.250           3.000                642   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651466                       3.000                   1.000                     6.000           12.250           3.000                766   Stated                                   Purchase                    Owner Occupied             SFR
1103651481                       0.000                   0.000                     0.000            6.625           0.000                695   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103651489                       0.000                   0.000                     0.000            6.250           0.000                694   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103651490                       0.000                   0.000                     0.000            6.500           0.000                692   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651522                       3.000                   1.000                     6.000           11.625           3.000                766   Full                                     Purchase                    Owner Occupied             SFR
1103651535                       3.000                   1.000                     6.000           13.250           3.000                643   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651541                       3.000                   1.000                     6.000           11.875           3.000                697   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103651556                       0.000                   0.000                     0.000            5.990           0.000                757   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651562                       3.000                   1.000                     6.000           13.250           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
1103651565                       3.000                   1.000                     6.000           11.625           3.000                695   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651573                       3.000                   1.000                     6.000           12.375           3.000                789   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651574                       0.000                   0.000                     0.000            6.750           0.000                678   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651583                       3.000                   1.000                     6.000           13.500           3.875                620   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103651589                       0.000                   0.000                     0.000            6.250           0.000                727   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651613                       3.000                   1.000                     6.000           13.000           3.000                659   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651637                       3.000                   1.000                     6.000           12.750           3.000                654   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103651640                       0.000                   0.000                     0.000            6.125           0.000                796   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651651                       3.000                   1.000                     6.000           12.625           3.000                762   Stated                                   Rate/Term Refinance         Second Home                D-PUDS
1103651662                       0.000                   0.000                     0.000            5.500           0.000                765   Stated                                   Cash Out Refinance          Second Home                SFR
1103651663                       0.000                   0.000                     0.000            6.875           0.000                635   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651664                       0.000                   0.000                     0.000            6.500           0.000                762   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651665                       0.000                   0.000                     0.000            6.875           0.000                749   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651666                       0.000                   0.000                     0.000            7.000           0.000                711   Stated                                   Cash Out Refinance          Investor                   SFR
1103651667                       0.000                   0.000                     0.000            6.750           0.000                711   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651668                       0.000                   0.000                     0.000            6.750           0.000                778   Express No Doc                           Purchase                    Owner Occupied             PUD
1103651669                       0.000                   0.000                     0.000            7.125           0.000                722   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651670                       0.000                   0.000                     0.000            7.375           0.000                657   Full                                     Purchase                    Owner Occupied             SFR
1103651671                       0.000                   0.000                     0.000            6.750           0.000                642   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651672                       0.000                   0.000                     0.000            7.000           0.000                678   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651673                       0.000                   0.000                     0.000            6.750           0.000                633   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651674                       0.000                   0.000                     0.000            6.500           0.000                719   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651676                       0.000                   0.000                     0.000            6.750           0.000                745   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651677                       0.000                   0.000                     0.000            7.375           0.000                666   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651678                       0.000                   0.000                     0.000            6.500           0.000                639   Express No Doc                           Cash Out Refinance          Second Home                SFR
1103651679                       0.000                   0.000                     0.000            6.500           0.000                721   Full                                     Purchase                    Owner Occupied             PUD
1103651680                       0.000                   0.000                     0.000            7.125           0.000                620   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
1103651681                       0.000                   0.000                     0.000            6.875           0.000                645   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651717                       3.000                   1.000                     6.000           12.500           5.500                686   SISA                                     Rate/Term Refinance         Owner Occupied             PUD
1103651723                       3.000                   1.000                     6.000           13.500           7.500                651   Stated                                   Purchase                    Investor                   SFR
1103651732                       3.000                   1.000                     6.000           14.625           8.625                676   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103651736                       3.000                   1.000                     6.000           12.250           3.000                747   SISA                                     Purchase                    Owner Occupied             CONDO
1103651749                       0.000                   0.000                     0.000            5.625           0.000                804   Full                                     Purchase                    Owner Occupied             D-PUDS
1103651760                       3.000                   1.000                     6.000           12.625           3.000                750   Stated                                   Purchase                    Investor                   HI-RISE
1103651761                       3.000                   1.000                     6.000           11.875           5.875                692   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103651763                       0.000                   0.000                     0.000            6.750           0.000                700   SISA                                     Cash Out Refinance          Investor                   SFR
1103651765                       3.000                   1.000                     6.000           12.750           3.000                725   Express Non-Verified Assets              Cash Out Refinance          Second Home                SFR
1103651778                       3.000                   1.000                     6.000           12.000           3.000                655   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651781                       3.000                   1.000                     6.000           12.000           2.750                701   SISA                                     Purchase                    Owner Occupied             D-PUDS
1103651790                       3.000                   1.000                     6.000           11.750           3.000                726   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103651797                       3.000                   1.000                     6.000           13.125           3.000                737   SISA                                     Purchase                    Owner Occupied             CONDO
1103651822                       0.000                   0.000                     0.000            5.875           0.000                736   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103651832                       3.000                   1.000                     6.000           12.625           3.000                777   Stated                                   Purchase                    Investor                   D-PUDS
1103651877                       3.000                   1.000                     6.000           14.250           3.000                688   SISA                                     Purchase                    Investor                   SFR
1103651898                       3.000                   1.000                     6.000           13.500           3.000                  0   Stated                                   Purchase                    Second Home                CONDO
1103651901                       0.000                   0.000                     0.000            6.250           0.000                745   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651905                       3.000                   1.000                     6.000           15.690           9.690                779   Stated                                   Purchase                    Investor                   D-PUDS
1103651909                       3.000                   1.000                     6.000           13.000           3.000                661   Stated                                   Cash Out Refinance          Investor                   SFR
1103651923                       3.000                   1.000                     6.000           12.875           3.000                693   SISA                                     Purchase                    Owner Occupied             SFR
1103651931                       5.000                   1.000                     5.000           12.375           2.750                629   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103651932                       5.000                   1.000                     5.000           12.500           2.750                755   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103651934                       5.000                   1.000                     5.000           12.625           2.750                762   Express Verified Assets                  Purchase                    Owner Occupied             3-FAMILY
1103651935                       5.000                   1.000                     5.000           12.500           2.750                742   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103651937                       3.000                   1.000                     6.000           13.000           3.125                631   Stated                                   Purchase                    Owner Occupied             SFR
1103651939                       3.000                   1.000                     6.000           14.375           2.750                626   Express Verified Assets                  Purchase                    Owner Occupied             2-FAMILY
1103651941                       3.000                   1.000                     6.000           13.125           2.750                646   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103651942                       3.000                   1.000                     6.000           13.375           2.750                649   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103651943                       3.000                   1.000                     6.000           12.500           2.750                724   Full                                     Purchase                    Investor                   CONDO
1103651944                       3.000                   1.000                     6.000           12.625           2.750                653   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651945                       3.000                   1.000                     6.000           12.375           2.750                644   Stated                                   Cash Out Refinance          Investor                   SFR
1103651950                       5.000                   1.000                     5.000           12.250           2.750                660   Stated                                   Purchase                    Owner Occupied             CONDO
1103651951                       5.000                   1.000                     5.000           12.500           2.750                668   Stated                                   Purchase                    Investor                   SFR
1103651952                       3.000                   1.000                     6.000           12.625           2.750                648   Express Verified Assets                  Cash Out Refinance          Investor                   4-FAMILY
1103651954                       3.000                   1.000                     6.000           12.875           2.750                734   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103651955                       5.000                   1.000                     5.000           14.250           2.750                620   Stated                                   Purchase                    Investor                   4-FAMILY
1103651956                       3.000                   1.000                     6.000           12.625           2.750                716   Express Verified Assets                  Cash Out Refinance          Investor                   4-FAMILY
1103651957                       5.000                   1.000                     5.000           11.990           2.750                712   Express Verified Assets                  Purchase                    Owner Occupied             2-FAMILY
1103651958                       5.000                   1.000                     5.000           11.625           2.750                749   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651959                       3.000                   1.000                     6.000           12.250           2.750                650   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
1103651960                       5.000                   1.000                     5.000           12.000           2.750                671   Stated                                   Purchase                    Owner Occupied             CONDO
1103651961                       5.000                   1.000                     5.000           12.500           2.750                697   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
1103651963                       3.000                   1.000                     6.000           13.250           2.750                621   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103651964                       3.000                   1.000                     6.000           12.500           2.750                689   Stated                                   Cash Out Refinance          Investor                   SFR
1103651965                       5.000                   1.000                     5.000           13.500           2.750                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651966                       5.000                   1.000                     5.000           14.125           2.750                694   SISA                                     Purchase                    Owner Occupied             4-FAMILY
1103651968                       5.000                   1.000                     5.000           13.375           2.750                661   Express Verified Assets                  Purchase                    Owner Occupied             3-FAMILY
1103651969                       3.000                   1.000                     6.000           12.375           2.750                649   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651970                       3.000                   1.000                     6.000           15.750           2.750                718   Express Verified Assets                  Purchase                    Owner Occupied             3-FAMILY
1103651971                       5.000                   1.000                     5.000           12.250           2.750                622   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651972                       5.000                   1.000                     5.000           12.125           2.750                686   Stated                                   Purchase                    Owner Occupied             SFR
1103651973                       3.000                   1.000                     6.000           12.625           2.750                753   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103651974                       3.000                   1.000                     6.000           12.250           2.750                701   Express No Doc                           Cash Out Refinance          Owner Occupied             3-FAMILY
1103651975                       3.000                   1.000                     6.000           13.500           2.750                624   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103651976                       5.000                   1.000                     5.000           13.125           2.750                763   Express Verified Assets                  Purchase                    Owner Occupied             3-FAMILY
1103651977                       5.000                   1.000                     5.000           12.875           2.750                717   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103651978                       5.000                   1.000                     5.000           11.875           2.750                686   Full                                     Purchase                    Owner Occupied             SFR
1103651979                       5.000                   1.000                     5.000           11.750           2.750                632   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651980                       5.000                   1.000                     5.000           12.625           2.750                634   Stated                                   Purchase                    Owner Occupied             SFR
1103651981                       5.000                   1.000                     5.000           11.875           2.750                642   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103651982                       3.000                   1.000                     6.000           12.500           2.750                636   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103651983                       5.000                   1.000                     5.000           12.250           2.750                628   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103651986                       5.000                   1.000                     5.000           11.875           2.750                708   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103651987                       5.000                   1.000                     5.000           12.000           2.750                764   Express Verified Assets                  Purchase                    Second Home                PUD
1103651988                       3.000                   1.000                     6.000           12.250           2.750                674   Express Verified Assets                  Cash Out Refinance          Owner Occupied             4-FAMILY
1103651989                       5.000                   1.000                     5.000           13.500           2.750                624   Express Verified Assets                  Purchase                    Owner Occupied             CONDO
1103651990                       5.000                   1.000                     5.000           14.000           2.750                657   Stated                                   Purchase                    Investor                   SFR
1103651991                       5.000                   1.000                     5.000           13.000           2.750                749   Express No Doc                           Purchase                    Investor                   SFR
1103651992                       5.000                   1.000                     5.000           12.250           2.750                642   Stated                                   Purchase                    Owner Occupied             SFR
1103651993                       3.000                   1.000                     6.000           12.500           2.750                667   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651994                       3.000                   1.000                     6.000           12.500           2.750                751   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651995                       3.000                   1.000                     6.000           12.500           2.750                737   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103651996                       5.000                   1.000                     5.000           12.625           2.750                647   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103652000                       0.000                   0.000                     0.000            6.750           0.000                746   Express No Doc                           Rate/Term Refinance         Owner Occupied             D-PUDS
1103652002                       0.000                   0.000                     0.000            7.750           0.000                674   Stated                                   Purchase                    Owner Occupied             SFR
1103652003                       0.000                   0.000                     0.000            6.875           0.000                711   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652004                       0.000                   0.000                     0.000            7.750           0.000                638   Express Verified Assets                  Purchase                    Owner Occupied             3-FAMILY
1103652005                       0.000                   0.000                     0.000            7.750           0.000                658   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652006                       0.000                   0.000                     0.000            6.875           0.000                754   SISA                                     Purchase                    Owner Occupied             SFR
1103652007                       0.000                   0.000                     0.000            7.375           0.000                628   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
1103652008                       0.000                   0.000                     0.000            7.500           0.000                724   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103652009                       0.000                   0.000                     0.000            6.750           0.000                667   Express No Doc                           Purchase                    Investor                   CONDO
1103652010                       0.000                   0.000                     0.000            7.000           0.000                735   Stated                                   Purchase                    Investor                   3-FAMILY
1103652011                       0.000                   0.000                     0.000            7.500           0.000                664   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652012                       0.000                   0.000                     0.000            6.750           0.000                629   Express Verified Assets                  Cash Out Refinance          Owner Occupied             3-FAMILY
1103652013                       0.000                   0.000                     0.000            6.875           0.000                634   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
1103652014                       0.000                   0.000                     0.000            7.875           0.000                700   Stated                                   Purchase                    Owner Occupied             SFR
1103652015                       0.000                   0.000                     0.000            6.000           0.000                681   Full                                     Cash Out Refinance          Owner Occupied             CONDO
1103652019                       3.000                   1.000                     6.000           12.375           3.000                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652038                       3.000                   1.000                     6.000           11.875           3.000                637   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103652039                       3.000                   1.000                     6.000           12.125           3.000                716   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103652051                       3.000                   1.000                     6.000           11.875           3.000                702   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652064                       0.000                   0.000                     0.000            6.375           0.000                720   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652072                       0.000                   0.000                     0.000            5.875           0.000                671   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652094                       3.000                   1.000                     6.000           12.375           3.000                703   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652137                       3.000                   1.000                     6.000           12.625           3.000                659   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103652145                       3.000                   1.000                     6.000           13.375           3.000                727   Stated                                   Purchase                    Owner Occupied             SFR
1103652148                       3.000                   1.000                     6.000           12.625           2.500                736   SISA                                     Purchase                    Owner Occupied             2-FAMILY
1103652152                       3.000                   1.000                     6.000           12.875           3.000                718   Stated                                   Purchase                    Investor                   2-FAMILY
1103652188                       0.000                   0.000                     0.000            6.125           0.000                729   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652203                       0.000                   0.000                     0.000            5.875           0.000                703   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103652230                       3.000                   1.000                     6.000           11.875           3.000                801   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
1103652243                       0.000                   0.000                     0.000            6.500           0.000                726   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103652245                       3.000                   1.000                     6.000           12.500           3.000                787   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103652246                       3.000                   1.000                     6.000           11.875           3.000                770   Stated                                   Cash Out Refinance          Investor                   SFR
1103652278                       3.000                   1.000                     6.000           12.625           3.000                749   Express Verified Assets                  Purchase                    Investor                   HI-RISE
1103652290                       3.000                   1.000                     6.000           13.250           3.000                702   Stated                                   Purchase                    Investor                   SFR
1103652292                       0.000                   0.000                     0.000            6.950           0.000                632   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103652308                       3.000                   1.000                     6.000           12.250           3.000                784   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
1103652314                       3.000                   1.000                     6.000           11.875           3.000                770   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652320                       0.000                   0.000                     0.000            5.880           0.000                689   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103652324                       3.000                   1.000                     6.000           11.250           3.000                703   Stated                                   Purchase                    Owner Occupied             CONDO
1103652340                       3.000                   1.000                     6.000           13.000           3.000                652   Stated                                   Purchase                    Investor                   SFR
1103652366                       0.000                   0.000                     0.000            6.500           0.000                677   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103652369                       0.000                   0.000                     0.000            6.250           0.000                776   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103652385                       0.000                   0.000                     0.000            6.250           0.000                655   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103652406                       3.000                   1.000                     6.000           12.500           2.500                831   Stated                                   Purchase                    Investor                   PUD
1103652410                       0.000                   0.000                     0.000            7.000           0.000                666   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103652434                       3.000                   1.000                     6.000           12.000           2.750                695   SISA                                     Purchase                    Owner Occupied             CONDO
1103652500                       3.000                   1.000                     6.000           13.125           3.250                705   Stated                                   Cash Out Refinance          Investor                   SFR
1103652506                       0.000                   0.000                     0.000            6.375           0.000                746   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652509                       0.000                   0.000                     0.000            6.730           0.000                702   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103652595                       3.000                   1.000                     6.000           13.300           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
1103652604                       3.000                   1.000                     6.000           12.625           3.000                743   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103652642                       0.000                   0.000                     0.000            6.375           0.000                630   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103652655                       0.000                   0.000                     0.000            6.375           0.000                623   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652665                       3.000                   1.000                     6.000           12.875           3.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652674                       0.000                   0.000                     0.000            6.125           0.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652679                       0.000                   0.000                     0.000            7.600           0.000                631   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652683                       3.000                   1.000                     6.000           12.625           4.000                681   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652694                       0.000                   0.000                     0.000            5.875           0.000                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652703                       0.000                   0.000                     0.000            6.000           0.000                780   Stated                                   Purchase                    Owner Occupied             SFR
1103652722                       3.000                   1.000                     6.000           12.875           3.000                696   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103652730                       0.000                   0.000                     0.000            6.250           0.000                782   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652731                       0.000                   0.000                     0.000            6.250           0.000                698   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103652749                       3.000                   1.000                     6.000           13.750           2.500                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652754                       3.000                   1.000                     6.000           14.875           3.000                695   Stated                                   Purchase                    Owner Occupied             3-FAMILY
1103652755                       3.000                   1.000                     6.000           11.625           3.000                788   Stated                                   Purchase                    Investor                   SFR
1103652771                       3.000                   1.000                     6.000           12.625           3.000                718   SISA                                     Cash Out Refinance          Investor                   2-FAMILY
1103652777                       3.000                   1.000                     6.000           11.250           3.000                682   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652797                       5.000                   1.000                     5.000           12.000           2.500                652   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652800                       6.000                   2.000                     6.000           13.250           7.250                631   Full                                     Purchase                    Owner Occupied             CONDO
1103652801                       5.000                   2.000                     5.000           11.250           1.875                690   Full                                     Purchase                    Owner Occupied             SFR
1103652802                       5.000                   2.000                     5.000           11.250           2.250                665   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103652803                       6.000                   2.000                     6.000           13.875           4.125                620   Stated                                   Purchase                    Owner Occupied             SFR
1103652804                       6.000                   2.000                     6.000           13.875           7.875                632   Stated                                   Purchase                    Owner Occupied             CONDO
1103652805                       5.000                   2.000                     5.000           12.375           2.250                770   Express Verified Assets                  Purchase                    Owner Occupied             SFR
1103652806                       5.000                   2.000                     5.000           11.000           2.250                796   Full                                     Cash Out Refinance          Owner Occupied             2-FAMILY
1103652808                       0.000                   0.000                     0.000            7.000           0.000                701   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
1103652819                       0.000                   0.000                     0.000            6.875           0.000                723   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103652822                       3.000                   1.000                     6.000           11.600           3.000                701   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652843                       0.000                   0.000                     0.000            8.000           0.000                737   Full                                     Purchase                    Investor                   SFR
1103652863                       3.000                   1.000                     6.000           12.375           3.000                722   Express Non-Verified Assets              Rate/Term Refinance         Investor                   SFR
1103652884                       0.000                   0.000                     0.000            6.375           0.000                745   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652895                       3.000                   1.000                     6.000           13.375           3.000                782   Stated                                   Purchase                    Investor                   SFR
1103652904                       3.000                   1.000                     6.000           11.875           3.000                699   Stated                                   Purchase                    Owner Occupied             CONDO
1103652912                       0.000                   0.000                     0.000            6.375           0.000                718   SISA                                     Purchase                    Owner Occupied             SFR
1103652921                       3.000                   1.000                     6.000           12.000           3.000                719   Stated                                   Purchase                    Investor                   SFR
1103652928                       3.000                   1.000                     6.000           12.250           2.750                694   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103652937                       3.000                   1.000                     6.000           13.125           3.000                697   Stated                                   Purchase                    Second Home                CONDO
1103652945                       3.000                   1.000                     6.000           13.500           3.000                653   Stated                                   Purchase                    Owner Occupied             CONDO
1103652951                       3.000                   1.000                     6.000           11.750           3.000                689   Full                                     Cash Out Refinance          Owner Occupied             PUD
1103652962                       3.000                   1.000                     6.000           12.250           3.000                680   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103652985                       0.000                   0.000                     0.000            6.125           0.000                726   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103653019                       3.000                   1.000                     6.000           12.125           3.000                735   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103653023                       3.000                   1.000                     6.000           12.125           3.000                731   Stated                                   Purchase                    Investor                   SFR
1103653028                       3.000                   1.000                     6.000           13.625           3.000                748   Stated                                   Purchase                    Owner Occupied             SFR
1103653053                       3.000                   1.000                     6.000           12.000           3.250                647   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103653072                       3.000                   1.000                     6.000           12.500           3.000                700   Stated                                   Purchase                    Owner Occupied             SFR
1103653111                       3.000                   1.000                     6.000           13.375           3.000                756   SISA                                     Purchase                    Owner Occupied             CONDO
1103653144                       3.000                   1.000                     6.000           12.375           3.000                720   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103653153                       0.000                   0.000                     0.000            6.625           0.000                721   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103653220                       3.000                   1.000                     6.000           12.625           3.000                813   Full                                     Purchase                    Investor                   SFR
1103653236                       3.000                   1.000                     6.000           12.000           3.000                721   Stated                                   Rate/Term Refinance         Investor                   SFR
1103653243                       3.000                   1.000                     6.000           12.000           3.000                729   Stated                                   Purchase                    Investor                   PUD
1103653264                       0.000                   0.000                     0.000            6.875           0.000                675   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103653267                       0.000                   0.000                     0.000            6.250           0.000                701   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103653275                       0.000                   0.000                     0.000            5.500           0.000                721   Full                                     Cash Out Refinance          Owner Occupied             2-FAMILY
1103653312                       3.000                   1.000                     6.000           12.500           3.500                767   Stated                                   Purchase                    Investor                   D-PUDS
1103653320                       0.000                   0.000                     0.000            6.625           0.000                757   FISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103653349                       3.000                   1.000                     6.000           12.625           3.000                701   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
1103653400                       0.000                   0.000                     0.000            6.250           0.000                766   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103653405                       3.000                   1.000                     6.000           12.500           3.000                649   Stated                                   Purchase                    Owner Occupied             SFR
1103653438                       0.000                   0.000                     0.000            5.500           0.000                786   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103653451                       0.000                   0.000                     0.000            6.750           0.000                724   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103653473                       0.000                   0.000                     0.000            6.500           0.000                667   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103653482                       0.000                   0.000                     0.000            5.995           0.000                757   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103653589                       3.000                   1.000                     6.000           12.125           3.000                656   Full                                     Rate/Term Refinance         Investor                   CONDO
1103653623                       3.000                   1.000                     6.000           12.875           3.000                772   Stated                                   Purchase                    Owner Occupied             CONDO
1103653627                       3.000                   1.000                     6.000           13.000           7.000                686   Stated                                   Purchase                    Investor                   TOWNHOUSE
1103653685                       3.000                   1.000                     6.000           12.550           3.000                735   SISA                                     Cash Out Refinance          Owner Occupied             CONDO
1103653687                       0.000                   0.000                     0.000            5.625           0.000                641   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103653699                       3.000                   1.000                     6.000           12.000           3.000                722   Full                                     Purchase                    Owner Occupied             PUD
1103653701                       3.000                   1.000                     6.000           13.250           3.000                703   SISA                                     Purchase                    Owner Occupied             SFR
1103653723                       0.000                   0.000                     0.000            6.500           0.000                659   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103653761                       3.000                   1.000                     6.000           13.250           3.000                743   Stated                                   Cash Out Refinance          Investor                   D-PUDS
1103653763                       0.000                   0.000                     0.000            6.000           0.000                692   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103653767                       3.000                   1.000                     6.000           12.500           3.000                648   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103653780                       3.000                   1.000                     6.000           12.500           3.000                787   Stated                                   Purchase                    Investor                   SFR
1103653781                       3.000                   1.000                     6.000           12.625           3.000                630   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103653800                       0.000                   0.000                     0.000            6.000           0.000                692   Full                                     Cash Out Refinance          Investor                   PUD
1103653835                       3.000                   1.000                     6.000           12.625           3.250                743   SISA                                     Purchase                    Owner Occupied             SFR
1103653838                       0.000                   0.000                     0.000            7.450           0.000                786   FISA                                     Cash Out Refinance          Owner Occupied             SFR
1103653862                       3.000                   1.000                     6.000           13.250           4.000                658   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103653885                       3.000                   1.000                     6.000           11.375           3.000                749   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103653918                       3.000                   1.000                     6.000           12.750           3.000                659   Stated                                   Purchase                    Owner Occupied             SFR
1103653922                       3.000                   1.000                     6.000           11.875           3.000                801   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103653947                       0.000                   0.000                     0.000            6.250           0.000                705   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103653952                       3.000                   1.000                     6.000           12.250           3.000                737   Stated                                   Cash Out Refinance          Investor                   SFR
1103653973                       3.000                   1.000                     6.000           12.750           3.000                690   Stated                                   Purchase                    Owner Occupied             PUD
1103654080                       0.000                   0.000                     0.000            6.250           0.000                770   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103654214                       3.000                   1.000                     6.000           11.375           3.000                731   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103654310                       0.000                   0.000                     0.000            8.500           0.000                616   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103654312                       3.000                   1.000                     6.000           12.250           3.000                787   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103654313                       3.000                   1.000                     6.000           12.375           3.000                735   Stated                                   Purchase                    Investor                   SFR
1103654323                       3.000                   1.000                     6.000           11.750           3.000                775   Stated                                   Purchase                    Owner Occupied             SFR
1103654326                       0.000                   0.000                     0.000            6.750           0.000                686   Express Non-Verified Assets              Rate/Term Refinance         Investor                   4-FAMILY
1103654345                       0.000                   0.000                     0.000            7.125           0.000                717   Express Verified Assets                  Purchase                    Investor                   PUD
1103654521                       3.000                   1.000                     6.000           12.500           3.000                653   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103654589                       0.000                   0.000                     0.000            6.000           0.000                736   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
1103654590                       0.000                   0.000                     0.000            8.500           0.000                616   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
1103654592                       0.000                   0.000                     0.000            6.000           0.000                743   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103654619                       3.000                   1.000                     6.000           11.750           2.500                706   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103654645                       3.000                   1.000                     6.000           12.500           3.000                659   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103654689                       3.000                   1.000                     6.000           13.999           3.000                701   Stated                                   Cash Out Refinance          Second Home                HI-RISE
1103654695                       0.000                   0.000                     0.000            6.500           0.000                788   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103654704                       3.000                   1.000                     6.000           12.875           3.000                744   Stated                                   Cash Out Refinance          Investor                   SFR
1103654717                       0.000                   0.000                     0.000            6.625           0.000                722   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
1103654719                       3.000                   1.000                     6.000           12.750           3.000                692   Stated                                   Purchase                    Investor                   SFR
1103654732                       0.000                   0.000                     0.000            6.625           0.000                773   FISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
1103654748                       3.000                   1.000                     6.000           12.125           3.000                690   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
1103654786                       3.000                   1.000                     6.000           12.500           3.000                761   Stated                                   Purchase                    Owner Occupied             SFR
1103654798                       0.000                   0.000                     0.000            6.125           0.000                728   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
1103654819                       0.000                   0.000                     0.000            5.875           0.000                799   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103654821                       0.000                   0.000                     0.000            5.875           0.000                794   Full                                     Purchase                    Owner Occupied             D-PUDS
1103654826                       3.000                   1.000                     6.000           14.750           3.000                  0   Stated                                   Purchase                    Second Home                CONDO
1103654974                       0.000                   0.000                     0.000            5.875           0.000                784   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
1103655077                       0.000                   0.000                     0.000            5.750           0.000                767   SISA                                     Cash Out Refinance          Investor                   CONDO
1103655088                       0.000                   0.000                     0.000            5.750           0.000                767   SISA                                     Cash Out Refinance          Investor                   CONDO
1103655101                       0.000                   0.000                     0.000            5.750           0.000                767   SISA                                     Cash Out Refinance          Investor                   CONDO
1103655114                       3.000                   1.000                     6.000           13.000           3.000                698   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103655185                       3.000                   1.000                     6.000           12.500           3.000                689   Stated                                   Purchase                    Owner Occupied             SFR
1103655186                       0.000                   0.000                     0.000            6.375           0.000                800   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103655498                       0.000                   0.000                     0.000            9.500           0.000                617   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103655534                       0.000                   0.000                     0.000            5.990           0.000                643   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103655547                       0.000                   0.000                     0.000            7.375           0.000                682   Stated                                   Cash Out Refinance          Second Home                CONDO
1103655557                       3.000                   1.000                     6.000           12.875           3.000                786   Stated                                   Purchase                    Investor                   SFR
1103655563                       3.000                   1.000                     6.000           12.500           3.000                628   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103655596                       3.000                   1.000                     6.000           13.750           3.000                649   Stated                                   Purchase                    Owner Occupied             CONDO
1103655606                       3.000                   1.000                     6.000           12.625           3.000                712   Stated                                   Purchase                    Investor                   SFR
1103655607                       0.000                   0.000                     0.000            5.500           0.000                696   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103655652                       3.000                   1.000                     6.000           12.125           3.000                786   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103655823                       0.000                   0.000                     0.000            7.740           0.000                756   Full                                     Purchase                    Second Home                SFR
1103655993                       3.000                   1.000                     6.000           12.875           2.250                704   Stated                                   Purchase                    Owner Occupied             SFR
1103656123                       0.000                   0.000                     0.000            9.500           0.000                761   Express No Doc                           Purchase                    Investor                   SFR
1103656124                       0.000                   0.000                     0.000            8.375           0.000                708   SISA                                     Purchase                    Investor                   CONDO
1103656125                       0.000                   0.000                     0.000            8.375           0.000                708   SISA                                     Purchase                    Investor                   CONDO
1103656126                       0.000                   0.000                     0.000            8.375           0.000                708   SISA                                     Purchase                    Investor                   CONDO
1103656127                       0.000                   0.000                     0.000            8.375           0.000                708   SISA                                     Purchase                    Investor                   CONDO
1103656128                       0.000                   0.000                     0.000            7.500           0.000                681   Stated                                   Rate/Term Refinance         Investor                   SFR
1103656129                       0.000                   0.000                     0.000            7.925           0.000                690   Stated                                   Purchase                    Owner Occupied             SFR
1103656130                       0.000                   0.000                     0.000            8.125           0.000                731   Full                                     Purchase                    Investor                   4-FAMILY
1103656132                       0.000                   0.000                     0.000            7.500           0.000                668   Express No Doc                           Cash Out Refinance          Owner Occupied             2-FAMILY
1103656133                       0.000                   0.000                     0.000            8.000           0.000                684   Full                                     Cash Out Refinance          Investor                   CONDO
1103656134                       0.000                   0.000                     0.000            8.125           0.000                733   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
1103656135                       0.000                   0.000                     0.000            6.750           0.000                769   Express No Doc                           Purchase                    Owner Occupied             HI-RISE
1103656136                       0.000                   0.000                     0.000            8.500           0.000                635   SISA                                     Purchase                    Investor                   SFR
1103656137                       0.000                   0.000                     0.000            8.500           0.000                635   SISA                                     Purchase                    Investor                   CONDO
1103656139                       0.000                   0.000                     0.000            7.125           0.000                661   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103656140                       0.000                   0.000                     0.000            6.750           0.000                748   Express No Doc                           Cash Out Refinance          Investor                   3-FAMILY
1103656141                       0.000                   0.000                     0.000            6.875           0.000                676   Express Verified Assets                  Purchase                    Owner Occupied             PUD
1103656142                       0.000                   0.000                     0.000            7.125           0.000                639   Express Verified Assets                  Purchase                    Owner Occupied             2-FAMILY
1103656143                       0.000                   0.000                     0.000            6.750           0.000                695   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103656144                       0.000                   0.000                     0.000            8.625           0.000                692   Express No Doc                           Purchase                    Investor                   2-FAMILY
1103656145                       0.000                   0.000                     0.000            6.750           0.000                748   Express No Doc                           Cash Out Refinance          Investor                   3-FAMILY
1103656146                       0.000                   0.000                     0.000            6.250           0.000                790   SISA                                     Purchase                    Second Home                SFR
1103656147                       0.000                   0.000                     0.000            6.750           0.000                593   Express Verified Assets                  Purchase                    Investor                   CONDO
1103656148                       0.000                   0.000                     0.000            6.750           0.000                636   Express No Doc                           Purchase                    Investor                   CONDO
1103656161                       0.000                   0.000                     0.000            6.875           0.000                733   Stated                                   Cash Out Refinance          Investor                   SFR
1103656200                       3.000                   1.000                     6.000           12.750           3.000                692   Stated                                   Purchase                    Owner Occupied             SFR
1103656522                       0.000                   0.000                     0.000            5.990           0.000                703   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656697                       0.000                   0.000                     0.000            7.500           0.000                712   Stated                                   Purchase                    Owner Occupied             HI-RISE
1103656818                       0.000                   0.000                     0.000            6.625           0.000                770   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656819                       0.000                   0.000                     0.000            6.125           0.000                653   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656820                       0.000                   0.000                     0.000            5.875           0.000                784   Full                                     Purchase                    Owner Occupied             PUD
1103656821                       0.000                   0.000                     0.000            6.000           0.000                804   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103656822                       0.000                   0.000                     0.000            5.750           0.000                765   Full                                     Purchase                    Owner Occupied             PUD
1103656823                       0.000                   0.000                     0.000            6.500           0.000                787   Alternative                              Purchase                    Owner Occupied             SFR
1103656824                       0.000                   0.000                     0.000            6.750           0.000                787   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103656825                       0.000                   0.000                     0.000            6.375           0.000                674   Full                                     Purchase                    Second Home                SFR
1103656826                       0.000                   0.000                     0.000            6.375           0.000                683   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103656827                       0.000                   0.000                     0.000            7.375           0.000                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103656828                       0.000                   0.000                     0.000            6.500           0.000                780   Full                                     Purchase                    Owner Occupied             PUD
1103656829                       0.000                   0.000                     0.000            6.250           0.000                778   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656830                       0.000                   0.000                     0.000            6.250           0.000                698   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
1103656831                       0.000                   0.000                     0.000            6.250           0.000                799   Stated                                   Purchase                    Owner Occupied             SFR
1103656832                       0.000                   0.000                     0.000            6.250           0.000                764   Stated                                   Purchase                    Owner Occupied             SFR
1103656833                       0.000                   0.000                     0.000            6.375           0.000                706   Alternative                              Cash Out Refinance          Owner Occupied             SFR
1103656834                       0.000                   0.000                     0.000            6.375           0.000                770   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103656835                       0.000                   0.000                     0.000            6.125           0.000                688   Full                                     Purchase                    Owner Occupied             PUD
1103656836                       0.000                   0.000                     0.000            6.375           0.000                799   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103656837                       0.000                   0.000                     0.000            6.375           0.000                760   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656838                       0.000                   0.000                     0.000            6.250           0.000                768   Stated                                   Purchase                    Owner Occupied             SFR
1103656839                       0.000                   0.000                     0.000            6.375           0.000                801   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656840                       0.000                   0.000                     0.000            6.875           0.000                702   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103656841                       0.000                   0.000                     0.000            6.125           0.000                673   Stated                                   Cash Out Refinance          Owner Occupied             PUD
1103656842                       0.000                   0.000                     0.000            6.750           0.000                699   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656843                       0.000                   0.000                     0.000            6.250           0.000                685   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656844                       0.000                   0.000                     0.000            6.750           0.000                749   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656845                       0.000                   0.000                     0.000            6.250           0.000                770   Full                                     Purchase                    Owner Occupied             PUD
1103656855                       0.000                   0.000                     0.000            6.375           0.000                696   Full                                     Rate/Term Refinance         Owner Occupied             PUD
1103656856                       0.000                   0.000                     0.000            6.875           0.000                718   SISA                                     Rate/Term Refinance         Owner Occupied             CONDO
1103656857                       0.000                   0.000                     0.000            6.375           0.000                760   SISA                                     Purchase                    Owner Occupied             CONDO
1103656858                       0.000                   0.000                     0.000            6.500           0.000                667   Full                                     Rate/Term Refinance         Investor                   SFR
1103656859                       0.000                   0.000                     0.000            6.875           0.000                700   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             PUD
1103656860                       0.000                   0.000                     0.000            6.375           0.000                762   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103656861                       0.000                   0.000                     0.000            6.500           0.000                773   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656862                       0.000                   0.000                     0.000            6.125           0.000                750   Full                                     Purchase                    Owner Occupied             SFR
1103656863                       0.000                   0.000                     0.000            6.500           0.000                672   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656864                       0.000                   0.000                     0.000            6.125           0.000                638   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656865                       0.000                   0.000                     0.000            6.625           0.000                691   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
1103656866                       0.000                   0.000                     0.000            6.250           0.000                788   SISA                                     Rate/Term Refinance         Investor                   PUD
1103656867                       0.000                   0.000                     0.000            6.375           0.000                751   SISA                                     Purchase                    Owner Occupied             SFR
1103656868                       0.000                   0.000                     0.000            6.625           0.000                743   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656869                       0.000                   0.000                     0.000            5.875           0.000                702   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656870                       0.000                   0.000                     0.000            6.000           0.000                758   Full                                     Rate/Term Refinance         Owner Occupied             SFR
1103656871                       0.000                   0.000                     0.000            6.875           0.000                669   Full                                     Rate/Term Refinance         Investor                   SFR
1103656872                       0.000                   0.000                     0.000            6.125           0.000                686   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656873                       0.000                   0.000                     0.000            7.000           0.000                731   Full                                     Purchase                    Owner Occupied             SFR
1103656874                       0.000                   0.000                     0.000            6.375           0.000                737   Full                                     Purchase                    Owner Occupied             SFR
1103656875                       0.000                   0.000                     0.000            6.375           0.000                713   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             PUD
1103656876                       0.000                   0.000                     0.000            6.250           0.000                694   Express Verified Assets                  Cash Out Refinance          Owner Occupied             CONDO
1103656877                       0.000                   0.000                     0.000            6.000           0.000                682   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656878                       0.000                   0.000                     0.000            6.250           0.000                681   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103656879                       0.000                   0.000                     0.000            6.375           0.000                737   Full                                     Cash Out Refinance          Owner Occupied             SFR
1103657254                       3.000                   1.000                     6.000           11.875           3.000                725   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103657536                       0.000                   0.000                     0.000            6.875           0.000                712   Stated                                   Cash Out Refinance          Investor                   SFR
1103657592                       0.000                   0.000                     0.000            6.250           0.000                789   Full                                     Cash Out Refinance          Owner Occupied             HI-RISE
1103657685                       0.000                   0.000                     0.000            6.250           0.000                747   SISA                                     Cash Out Refinance          Owner Occupied             SFR
1103658546                       3.000                   1.000                     6.000           12.500           3.000                  0   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103658999                       3.000                   1.000                     6.000           13.250           3.000                679   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503096478                       0.000                   0.000                     0.000            6.125           0.000                753   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503153671                       3.000                   1.000                     6.000           12.400           3.000                684   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503161188                       3.000                   1.000                     6.000           12.240           3.000                732   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503181399                       3.000                   1.000                     6.000           13.250           3.000                724   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503185562                       3.000                   1.000                     6.000           14.750           3.000                653   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503192569                       3.000                   1.000                     6.000           17.500           4.375                634   SISA                                     Purchase                    Investor                   CONDO
2503194402                       3.000                   1.000                     6.000           12.550           3.000                610   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503194433                       3.000                   1.000                     6.000           13.235           3.000                639   Stated                                   Cash Out Refinance          Investor                   SFR
2503194623                       3.000                   1.000                     6.000           14.375           3.000                640   Stated                                   Cash Out Refinance          Second Home                CONDOTEL
2503194960                       3.000                   1.000                     6.000           13.125           3.000                689   Stated                                   Cash Out Refinance          Investor                   D-PUDS
2503195323                       3.000                   1.000                     6.000           13.280           3.000                  0   Full                                     Purchase                    Second Home                CONDOTEL
2503195750                       3.000                   1.000                     6.000           13.000           3.000                661   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503195770                       0.000                   0.000                     0.000            7.250           0.000                757   Stated                                   Purchase                    Investor                   SFR
2503196229                       0.000                   0.000                     0.000            7.500           0.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503196337                       3.000                   1.000                     6.000           12.375           3.000                651   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503196668                       3.000                   1.000                     6.000           13.300           3.000                662   Stated                                   Purchase                    Owner Occupied             CONDO
2503196705                       0.000                   0.000                     0.000            7.155           0.000                712   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503197062                       3.000                   1.000                     6.000           12.875           3.000                676   Stated                                   Purchase                    Owner Occupied             SFR
2503197251                       3.000                   1.000                     6.000           12.625           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503197258                       3.000                   1.000                     6.000           12.000           3.875                708   Stated                                   Cash Out Refinance          Investor                   D-PUDS
2503197346                       3.000                   1.000                     6.000           12.875           3.000                658   Stated                                   Purchase                    Second Home                SFR
2503197390                       3.000                   1.000                     6.000           13.500           3.000                644   Stated                                   Purchase                    Owner Occupied             CONDO
2503197770                       3.000                   1.000                     6.000           13.200           3.000                706   Stated                                   Purchase                    Owner Occupied             SFR
2503197789                       3.000                   1.000                     6.000           11.990           3.000                752   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503197808                       3.000                   1.000                     6.000           13.280           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503197813                       3.000                   1.000                     6.000           12.695           3.000                665   Stated                                   Purchase                    Owner Occupied             CONDO
2503197900                       3.000                   1.000                     6.000           12.375           3.000                746   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503197901                       3.000                   1.000                     6.000           12.750           3.000                746   Stated                                   Cash Out Refinance          Second Home                TOWNHOUSE
2503197907                       0.000                   0.000                     0.000            6.500           0.000                802   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503197922                       3.000                   1.000                     6.000           12.750           3.000                679   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503197976                       3.000                   1.000                     6.000           13.125           3.000                665   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503198073                       3.000                   1.000                     6.000           13.900           3.000                647   Stated                                   Purchase                    Second Home                HI-RISE
2503198208                       3.000                   1.000                     6.000           12.375           3.000                711   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503198250                       0.000                   0.000                     0.000            5.750           0.000                707   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503198264                       3.000                   1.000                     6.000           12.900           3.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503198337                       3.000                   1.000                     6.000           12.125           3.875                659   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503198435                       3.000                   1.000                     6.000           13.700           3.000                677   Stated                                   Purchase                    Owner Occupied             SFR
2503198545                       3.000                   1.000                     6.000           12.875           3.000                665   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503198630                       3.000                   1.000                     6.000           11.750           3.000                727   Full                                     Purchase                    Owner Occupied             SFR
2503198778                       3.000                   1.000                     6.000           11.935           3.000                697   Full                                     Purchase                    Owner Occupied             SFR
2503198866                       3.000                   1.000                     6.000           13.500           3.000                668   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
2503198950                       0.000                   0.000                     0.000            6.615           0.000                742   Stated                                   Purchase                    Investor                   SFR
2503198964                       3.000                   1.000                     6.000           11.500           3.000                797   Full                                     Cash Out Refinance          Investor                   D-PUDS
2503198980                       3.000                   1.000                     6.000           12.990           3.000                654   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             CONDO
2503199242                       3.000                   1.000                     6.000           12.750           3.000                707   Stated                                   Purchase                    Second Home                CONDO
2503199341                       0.000                   0.000                     0.000            7.450           0.000                736   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503199409                       0.000                   0.000                     0.000            5.000           0.000                732   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503199418                       3.000                   1.000                     6.000           12.990           3.000                612   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503199470                       3.000                   1.000                     6.000           14.250           3.625                682   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503199526                       3.000                   1.000                     6.000           14.000           3.000                640   Stated                                   Cash Out Refinance          Second Home                CONDOTEL
2503199544                       3.000                   1.000                     6.000           12.500           3.000                721   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503199606                       3.000                   1.000                     6.000           13.990           3.000                652   Stated                                   Purchase                    Owner Occupied             CONDO
2503199649                       3.000                   1.000                     6.000           13.875           3.000                671   Express No Doc                           Purchase                    Owner Occupied             SFR
2503199671                       3.000                   1.000                     6.000           12.500           3.000                684   Stated                                   Cash Out Refinance          Investor                   SFR
2503199795                       3.000                   1.000                     6.000           13.560           3.000                682   Stated                                   Purchase                    Investor                   HI-RISE
2503199830                       3.000                   1.000                     6.000           14.375           3.000                722   Express Non-Verified Assets              Purchase                    Owner Occupied             4-FAMILY
2503199929                       3.000                   1.000                     6.000           11.800           3.000                695   Full                                     Purchase                    Owner Occupied             SFR
2503199958                       3.000                   1.000                     6.000           14.750           3.000                682   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
2503199960                       3.000                   1.000                     6.000           13.240           3.625                700   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             2-FAMILY
2503200178                       3.000                   1.000                     6.000           13.990           3.000                665   Stated                                   Purchase                    Investor                   SFR
2503200208                       3.000                   1.000                     6.000           14.250           3.000                644   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503200248                       0.000                   0.000                     0.000            7.990           0.000                648   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503200282                       3.000                   1.000                     6.000           13.950           3.000                658   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503200374                       3.000                   1.000                     6.000           13.750           3.000                615   Stated                                   Cash Out Refinance          Investor                   CONDO
2503200392                       3.000                   1.000                     6.000           13.625           3.000                626   Stated                                   Cash Out Refinance          Owner Occupied             4-FAMILY
2503200393                       3.000                   1.000                     6.000           16.700           3.875                662   SISA                                     Purchase                    Investor                   2-FAMILY
2503200411                       3.000                   1.000                     6.000           12.675           3.500                713   Stated                                   Purchase                    Owner Occupied             SFR
2503200420                       3.000                   1.000                     6.000           13.500           3.000                708   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503200448                       0.000                   0.000                     0.000            6.375           0.000                789   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503200673                       3.000                   1.000                     6.000           13.500           4.000                751   Express No Doc Verified Assets           Purchase                    Owner Occupied             SFR
2503200675                       3.000                   1.000                     6.000           12.100           3.000                685   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503200729                       3.000                   1.000                     6.000           11.650           3.000                743   Full                                     Rate/Term Refinance         Investor                   SFR
2503200755                       3.000                   1.000                     6.000           14.850           3.000                668   Stated                                   Purchase                    Investor                   PUD
2503200760                       0.000                   0.000                     0.000            6.000           0.000                742   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503200779                       0.000                   0.000                     0.000            5.250           0.000                634   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503200785                       3.000                   1.000                     6.000           12.920           3.000                654   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503200817                       3.000                   1.000                     6.000           12.500           3.000                763   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503200923                       3.000                   1.000                     6.000           13.850           3.000                641   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503200974                       3.000                   1.000                     6.000           11.750           3.000                730   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503200985                       3.000                   1.000                     6.000           12.850           3.000                769   Stated                                   Rate/Term Refinance         Investor                   PUD
2503201023                       0.000                   0.000                     0.000            6.050           0.000                759   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201058                       0.000                   0.000                     0.000            6.990           0.000                602   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201069                       3.000                   1.000                     6.000           13.570           3.000                670   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503201130                       3.000                   1.000                     6.000           13.500           3.000                615   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201178                       3.000                   1.000                     6.000           13.800           3.875                670   Stated                                   Purchase                    Owner Occupied             SFR
2503201250                       3.000                   1.000                     6.000           12.150           3.000                691   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503201264                       3.000                   1.000                     6.000           15.550           3.000                643   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503201275                       3.000                   1.000                     6.000           13.375           3.000                600   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201343                       3.000                   1.000                     6.000           13.990           3.000                679   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503201350                       0.000                   0.000                     0.000            6.500           0.000                764   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503201353                       3.000                   1.000                     6.000           14.250           3.000                724   Express No Doc                           Purchase                    Owner Occupied             SFR
2503201375                       3.000                   1.000                     6.000           14.000           3.000                681   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503201377                       3.000                   1.000                     6.000           13.290           3.000                640   Stated                                   Purchase                    Second Home                CONDO
2503201413                       3.000                   1.000                     6.000           12.825           3.000                680   Stated                                   Purchase                    Owner Occupied             CONDO
2503201422                       0.000                   0.000                     0.000            7.500           0.000                653   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503201454                       0.000                   0.000                     0.000            7.850           0.000                661   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503201488                       0.000                   0.000                     0.000            6.400           0.000                728   Stated                                   Cash Out Refinance          Second Home                SFR
2503201496                       0.000                   0.000                     0.000            6.875           0.000                687   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201533                       0.000                   0.000                     0.000            6.500           0.000                713   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503201548                       3.000                   1.000                     6.000           14.790           3.000                677   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503201557                       0.000                   0.000                     0.000            7.400           0.000                616   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503201608                       0.000                   0.000                     0.000            5.750           0.000                774   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503201675                       3.000                   1.000                     6.000           13.490           3.875                675   Stated                                   Purchase                    Owner Occupied             CONDO
2503201710                       3.000                   1.000                     6.000           11.600           3.000                737   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503201722                       3.000                   1.000                     6.000           13.800           3.000                717   Stated                                   Purchase                    Second Home                CONDO
2503201731                       3.000                   1.000                     6.000           13.500           3.875                673   Stated                                   Purchase                    Owner Occupied             SFR
2503201741                       3.000                   1.000                     6.000           13.650           3.000                695   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503201773                       3.000                   1.000                     6.000           12.375           3.000                680   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503201817                       3.000                   1.000                     6.000           13.150           3.000                685   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503201820                       0.000                   0.000                     0.000            6.250           0.000                691   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503201846                       3.000                   1.000                     6.000           12.625           3.000                695   SISA                                     Cash Out Refinance          Investor                   SFR
2503201853                       3.000                   1.000                     6.000           14.550           2.750                709   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503201866                       3.000                   1.000                     6.000           13.990           4.125                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201872                       0.000                   0.000                     0.000            6.750           0.000                734   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503201891                       3.000                   1.000                     6.000           12.750           3.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503201903                       3.000                   1.000                     6.000           11.875           4.000                686   Stated                                   Purchase                    Owner Occupied             SFR
2503201943                       3.000                   1.000                     6.000           12.750           3.000                650   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503201968                       3.000                   1.000                     6.000           11.750           3.000                779   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503201974                       3.000                   1.000                     6.000           12.990           3.000                702   Stated                                   Purchase                    Investor                   4-FAMILY
2503201999                       0.000                   0.000                     0.000            6.250           0.000                669   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202043                       3.000                   1.000                     6.000           12.375           3.875                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202101                       3.000                   1.000                     6.000           11.430           3.000                758   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202161                       3.000                   1.000                     6.000           13.440           3.000                689   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503202164                       0.000                   0.000                     0.000            5.875           0.000                714   Full                                     Purchase                    Owner Occupied             SFR
2503202168                       3.000                   1.000                     6.000           12.500           3.000                695   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503202196                       3.000                   1.000                     6.000           13.000           3.000                670   Stated                                   Purchase                    Owner Occupied             SFR
2503202197                       3.000                   1.000                     6.000           14.500           4.500                712   Express Verified Assets                  Purchase                    Investor                   2-FAMILY
2503202203                       3.000                   1.000                     6.000           13.550           3.000                788   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503202217                       3.000                   1.000                     6.000           12.375           3.875                655   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503202222                       3.000                   1.000                     6.000           14.800           3.000                615   Express Verified Assets                  Cash Out Refinance          Owner Occupied             CONDO
2503202243                       3.000                   1.000                     6.000           12.780           3.875                656   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202296                       3.000                   1.000                     6.000           13.500           2.750                739   Stated                                   Rate/Term Refinance         Investor                   SFR
2503202297                       3.000                   1.000                     6.000           12.375           3.000                676   Full                                     Purchase                    Owner Occupied             SFR
2503202314                       0.000                   0.000                     0.000            6.750           0.000                635   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202370                       3.000                   1.000                     6.000           13.500           3.000                800   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202385                       3.000                   1.000                     6.000           13.850           3.000                643   Stated                                   Purchase                    Owner Occupied             SFR
2503202443                       3.000                   1.000                     6.000           12.125           3.000                644   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503202459                       3.000                   1.000                     6.000           12.000           3.000                767   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202479                       3.000                   1.000                     6.000           11.000           3.000                742   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202491                       3.000                   1.000                     6.000           13.250           3.000                653   Stated                                   Cash Out Refinance          Investor                   SFR
2503202503                       3.000                   1.000                     6.000           12.250           3.000                681   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503202509                       3.000                   1.000                     6.000           12.500           3.000                669   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503202540                       3.000                   1.000                     6.000           12.500           3.000                736   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503202550                       3.000                   1.000                     6.000           12.300           3.000                779   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202555                       3.000                   1.000                     6.000           12.990           3.000                687   Stated                                   Purchase                    Owner Occupied             SFR
2503202558                       3.000                   1.000                     6.000           11.875           4.000                720   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202600                       3.000                   1.000                     6.000           13.788           3.000                762   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202608                       3.000                   1.000                     6.000           14.675           3.875                684   Stated                                   Rate/Term Refinance         Investor                   SFR
2503202617                       3.000                   1.000                     6.000           13.600           4.000                787   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202624                       3.000                   1.000                     6.000           11.750           3.875                642   Stated                                   Purchase                    Owner Occupied             SFR
2503202636                       3.000                   1.000                     6.000           15.040           3.000                655   Stated                                   Purchase                    Owner Occupied             CONDO
2503202644                       3.000                   1.000                     6.000           13.500           3.000                653   Stated                                   Rate/Term Refinance         Second Home                D-PUDS
2503202652                       0.000                   0.000                     0.000            5.875           0.000                689   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503202659                       3.000                   1.000                     6.000           11.750           3.000                714   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202664                       3.000                   1.000                     6.000           14.700           3.000                640   Stated                                   Purchase                    Second Home                PUD
2503202676                       3.000                   1.000                     6.000           12.750           3.000                745   Express Non-Verified Assets              Cash Out Refinance          Investor                   HI-RISE
2503202680                       3.000                   1.000                     6.000           12.700           3.000                767   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503202731                       3.000                   1.000                     6.000           13.125           3.000                734   Stated                                   Purchase                    Investor                   CONDO
2503202738                       3.000                   1.000                     6.000           12.690           3.000                691   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503202764                       3.000                   1.000                     6.000           12.375           3.000                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202773                       3.000                   1.000                     6.000           12.900           3.000                642   Stated                                   Purchase                    Owner Occupied             SFR
2503202808                       3.000                   1.000                     6.000           11.875           3.000                685   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503202889                       3.000                   1.000                     6.000           13.490           4.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503202892                       3.000                   1.000                     6.000           12.875           4.000                637   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503202905                       3.000                   1.000                     6.000           13.810           3.000                640   Stated                                   Purchase                    Second Home                CONDO
2503202931                       3.000                   1.000                     6.000           12.250           5.750                709   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503202934                       3.000                   1.000                     6.000           13.250           3.000                654   Stated                                   Purchase                    Owner Occupied             SFR
2503202939                       3.000                   1.000                     6.000           12.250           3.000                711   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503202955                       0.000                   0.000                     0.000            5.800           0.000                686   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503202972                       3.000                   1.000                     6.000           12.990           3.000                665   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503202981                       0.000                   0.000                     0.000            6.125           0.000                745   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503202992                       0.000                   0.000                     0.000            6.500           0.000                662   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503203006                       3.000                   1.000                     6.000           13.420           3.000                658   Full                                     Purchase                    Owner Occupied             CONDO
2503203032                       3.000                   1.000                     6.000           12.650           3.000                657   Full                                     Rate/Term Refinance         Owner Occupied             PUD
2503203041                       3.000                   1.000                     6.000           12.710           3.000                712   Stated                                   Rate/Term Refinance         Investor                   SFR
2503203044                       3.000                   1.000                     6.000           12.250           3.875                741   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503203065                       3.000                   1.000                     6.000           12.500           2.750                732   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203069                       3.000                   1.000                     6.000           12.125           3.000                698   Stated                                   Rate/Term Refinance         Investor                   SFR
2503203084                       0.000                   0.000                     0.000            5.890           0.000                707   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203085                       3.000                   1.000                     6.000           13.350           3.875                640   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503203089                       3.000                   1.000                     6.000           13.875           3.000                665   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503203112                       0.000                   0.000                     0.000            6.000           0.000                623   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203117                       3.000                   1.000                     6.000           12.000           3.000                768   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203171                       3.000                   1.000                     6.000           12.990           3.000                676   Stated                                   Purchase                    Investor                   SFR
2503203180                       3.000                   1.000                     6.000           13.730           3.000                641   Stated                                   Purchase                    Owner Occupied             CONDO
2503203190                       3.000                   1.000                     6.000           12.820           3.000                693   Stated                                   Purchase                    Investor                   SFR
2503203219                       3.000                   1.000                     6.000           13.500           3.000                651   Stated                                   Purchase                    Owner Occupied             SFR
2503203221                       3.000                   1.000                     6.000           12.650           3.000                710   SISA                                     Purchase                    Owner Occupied             CONDO
2503203224                       0.000                   0.000                     0.000            6.625           0.000                640   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503203248                       0.000                   0.000                     0.000            7.500           0.000                675   Stated                                   Purchase                    Owner Occupied             CONDO
2503203255                       3.000                   1.000                     6.000           13.250           3.875                682   Stated                                   Purchase                    Owner Occupied             SFR
2503203267                       3.000                   1.000                     6.000           12.750           3.000                640   Stated                                   Rate/Term Refinance         Investor                   SFR
2503203292                       3.000                   1.000                     6.000           13.900           3.000                800   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503203302                       0.000                   0.000                     0.000            6.875           0.000                696   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503203308                       3.000                   1.000                     6.000           12.900           3.875                639   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503203317                       3.000                   1.000                     6.000           13.790           3.000                716   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503203322                       3.000                   1.000                     6.000           12.750           3.000                678   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503203339                       3.000                   1.000                     6.000           13.500           3.875                627   Full                                     Purchase                    Owner Occupied             CONDO
2503203354                       3.000                   1.000                     6.000           11.990           3.000                698   Stated                                   Purchase                    Owner Occupied             SFR
2503203373                       0.000                   0.000                     0.000            5.550           0.000                684   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203438                       3.000                   1.000                     6.000           13.990           3.000                666   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503203444                       3.000                   1.000                     6.000           13.280           3.000                716   Stated                                   Purchase                    Investor                   CONDO
2503203459                       3.000                   1.000                     6.000           12.500           3.000                691   Stated                                   Purchase                    Owner Occupied             SFR
2503203469                       0.000                   0.000                     0.000            6.625           0.000                668   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503203487                       3.000                   1.000                     6.000           12.875           3.875                688   Stated                                   Purchase                    Owner Occupied             SFR
2503203498                       3.000                   1.000                     6.000           12.500           3.000                703   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503203500                       3.000                   1.000                     6.000           12.375           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503203510                       0.000                   0.000                     0.000            6.000           0.000                748   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503203511                       3.000                   1.000                     6.000           13.450           3.000                712   Stated                                   Purchase                    Investor                   SFR
2503203518                       0.000                   0.000                     0.000            6.775           0.000                702   Stated                                   Purchase                    Owner Occupied             CONDO
2503203519                       0.000                   0.000                     0.000            6.875           0.000                721   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203520                       3.000                   1.000                     6.000           12.750           3.875                640   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503203544                       3.000                   1.000                     6.000           12.250           3.000                688   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203550                       3.000                   1.000                     6.000           11.950           3.000                722   Stated                                   Purchase                    Owner Occupied             CONDO
2503203570                       0.000                   0.000                     0.000            7.109           0.000                636   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503203577                       3.000                   1.000                     6.000           11.500           3.000                747   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503203581                       3.000                   1.000                     6.000           13.000           3.000                667   Stated                                   Purchase                    Investor                   PUD
2503203585                       3.000                   1.000                     5.615           11.990           3.000                724   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503203589                       3.000                   1.000                     6.000           13.990           3.000                644   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
2503203591                       3.000                   1.000                     6.000           13.662           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
2503203593                       3.000                   1.000                     6.000           12.250           3.000                702   Stated                                   Cash Out Refinance          Investor                   CONDO
2503203604                       0.000                   0.000                     0.000            5.320           0.000                809   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503203613                       0.000                   0.000                     0.000            6.375           0.000                677   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503203618                       0.000                   0.000                     0.000            6.220           0.000                734   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203622                       3.000                   1.000                     6.000           12.250           3.000                674   Stated                                   Purchase                    Second Home                SFR
2503203623                       3.000                   1.000                     6.000           12.950           3.000                620   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503203627                       3.000                   1.000                     6.000           12.625           3.000                678   Stated                                   Cash Out Refinance          Investor                   SFR
2503203631                       3.000                   1.000                     6.000           11.690           3.000                698   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503203644                       3.000                   1.000                     6.000           14.625           3.875                636   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503203646                       0.000                   0.000                     0.000            6.675           0.000                723   Stated                                   Purchase                    Owner Occupied             SFR
2503203661                       0.000                   0.000                     0.000            6.425           0.000                718   Full                                     Cash Out Refinance          Investor                   PUD
2503203662                       3.000                   1.000                     6.000           13.290           3.000                703   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503203671                       0.000                   0.000                     0.000            7.375           0.000                636   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203680                       3.000                   1.000                     6.000           13.250           3.000                719   Stated                                   Purchase                    Second Home                CONDO
2503203683                       0.000                   0.000                     0.000            6.250           0.000                670   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203684                       0.000                   0.000                     0.000            6.480           0.000                606   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503203687                       0.000                   0.000                     0.000            6.250           0.000                715   Stated                                   Purchase                    Owner Occupied             SFR
2503203689                       3.000                   1.000                     6.000           12.500           3.000                629   Full                                     Cash Out Refinance          Owner Occupied             TOWNHOUSE
2503203691                       3.000                   1.000                     6.000           14.500           3.000                675   Stated                                   Cash Out Refinance          Investor                   SFR
2503203708                       3.000                   1.000                     6.000           15.050           3.875                660   SISA                                     Purchase                    Investor                   SFR
2503203719                       0.000                   0.000                     0.000            6.875           0.000                772   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503203736                       0.000                   0.000                     0.000            5.500           0.000                695   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503203741                       3.000                   1.000                     6.000           12.550           3.875                659   Stated                                   Purchase                    Owner Occupied             SFR
2503203744                       3.000                   1.000                     6.000           12.125           3.000                743   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503203756                       0.000                   0.000                     0.000            7.500           0.000                639   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503203775                       3.000                   1.000                     6.000           14.000           3.000                640   Stated                                   Purchase                    Second Home                SFR
2503203779                       3.000                   1.000                     6.000           11.880           4.500                715   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203780                       3.000                   1.000                     6.000           13.300           3.000                625   Full                                     Purchase                    Owner Occupied             CONDO
2503203786                       3.000                   1.000                     6.000           11.900           2.500                654   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503203815                       0.000                   0.000                     0.000            6.675           0.000                755   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203820                       3.000                   1.000                     6.000           12.000           3.000                761   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503203836                       3.000                   1.000                     6.000           14.230           3.625                692   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203838                       3.000                   1.000                     6.000           14.125           3.875                738   Stated                                   Purchase                    Investor                   CONDO
2503203839                       0.000                   0.000                     0.000            5.875           0.000                734   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503203860                       3.000                   1.000                     6.000           13.700           3.875                713   Stated                                   Purchase                    Investor                   SFR
2503203867                       3.000                   1.000                     6.000           11.950           3.875                622   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503203889                       0.000                   0.000                     0.000            6.875           0.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503203913                       0.000                   0.000                     0.000            7.650           0.000                652   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503203935                       3.000                   1.000                     6.000           12.875           3.000                752   Stated                                   Rate/Term Refinance         Investor                   4-FAMILY
2503203972                       3.000                   1.000                     6.000           12.859           3.000                739   Stated                                   Cash Out Refinance          Investor                   SFR
2503203986                       3.000                   1.000                     6.000           15.400           3.000                668   Stated                                   Purchase                    Investor                   2-FAMILY
2503203987                       0.000                   0.000                     0.000            6.300           0.000                739   Stated                                   Purchase                    Investor                   SFR
2503203992                       0.000                   0.000                     0.000            7.250           0.000                631   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503203995                       3.000                   1.000                     6.000           14.100           3.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
2503203997                       3.000                   1.000                     6.000           12.875           3.875                721   Stated                                   Purchase                    Owner Occupied             SFR
2503204010                       0.000                   0.000                     0.000            7.405           0.000                649   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503204012                       3.000                   1.000                     6.000           12.125           3.000                702   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204027                       3.000                   1.000                     6.000           12.000           3.875                722   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204041                       3.000                   1.000                     6.000           15.000           3.000                721   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503204054                       0.000                   0.000                     0.000            6.125           0.000                745   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503204057                       3.000                   1.000                     6.000           11.190           3.000                750   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503204058                       3.000                   1.000                     6.000           12.600           3.000                768   Stated                                   Purchase                    Owner Occupied             SFR
2503204067                       3.000                   1.000                     6.000           12.990           3.000                669   Stated                                   Purchase                    Investor                   D-PUDS
2503204072                       3.000                   1.000                     6.000           13.250           2.500                782   Stated                                   Purchase                    Investor                   SFR
2503204076                       3.000                   1.000                     6.000           12.500           3.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503204084                       3.000                   1.000                     6.000           15.290           3.000                734   Stated                                   Purchase                    Investor                   2-FAMILY
2503204094                       3.000                   1.000                     6.000           12.730           3.000                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204097                       0.000                   0.000                     0.000            5.750           0.000                768   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204126                       3.000                   1.000                     6.000           12.950           3.000                771   Stated                                   Purchase                    Investor                   2-FAMILY
2503204146                       0.000                   0.000                     0.000            7.625           0.000                734   Stated                                   Purchase                    Investor                   2-FAMILY
2503204150                       3.000                   1.000                     6.000           13.990           3.000                744   Stated                                   Purchase                    Second Home                CONDOTEL
2503204177                       3.000                   1.000                     6.000           12.600           3.625                641   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204182                       0.000                   0.000                     0.000            5.875           0.000                703   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503204184                       3.000                   1.000                     6.000           13.750           3.000                640   Stated                                   Purchase                    Owner Occupied             CONDO
2503204197                       3.000                   1.000                     6.000           13.250           3.625                724   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204209                       3.000                   1.000                     6.000           11.875           3.875                808   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204217                       3.000                   1.000                     6.000           14.300           3.000                710   Stated                                   Purchase                    Investor                   SFR
2503204220                       3.000                   1.000                     6.000           12.125           3.000                759   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503204223                       3.000                   1.000                     6.000           12.780           3.000                689   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204269                       0.000                   0.000                     0.000            6.550           0.000                662   Stated                                   Cash Out Refinance          Investor                   SFR
2503204270                       3.000                   1.000                     6.000           13.500           3.000                640   Stated                                   Purchase                    Second Home                PUD
2503204271                       3.000                   1.000                     6.000           13.250           7.150                671   Stated                                   Purchase                    Owner Occupied             SFR
2503204275                       3.000                   1.000                     6.000           12.750           3.000                687   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204285                       3.000                   1.000                     6.000           13.750           3.000                673   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503204289                       3.000                   1.000                     6.000           13.490           3.000                760   Stated                                   Purchase                    Investor                   4-FAMILY
2503204293                       3.000                   1.000                     6.000           11.800           3.875                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204294                       0.000                   0.000                     0.000            6.875           0.000                618   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503204308                       3.000                   1.000                     6.000           13.359           3.000                646   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204346                       3.000                   1.000                     6.000           13.400           3.000                656   Stated                                   Purchase                    Second Home                CONDOTEL
2503204360                       3.000                   1.000                     6.000           14.500           4.000                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204367                       3.000                   1.000                     6.000           11.790           3.000                760   Full                                     Cash Out Refinance          Investor                   SFR
2503204382                       0.000                   0.000                     0.000            6.650           0.000                664   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503204386                       3.000                   1.000                     6.000           13.500           3.000                640   Stated                                   Purchase                    Second Home                PUD
2503204388                       3.000                   1.000                     6.000           12.670           3.000                703   Stated                                   Purchase                    Investor                   D-PUDS
2503204393                       3.000                   1.000                     6.000           13.155           3.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503204403                       0.000                   0.000                     0.000            6.125           0.000                709   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503204408                       3.000                   1.000                     6.000           12.875           3.000                693   Stated                                   Purchase                    Owner Occupied             SFR
2503204414                       0.000                   0.000                     0.000            7.500           0.000                627   Stated                                   Cash Out Refinance          Owner Occupied             HI-RISE
2503204437                       3.000                   1.000                     6.000           12.500           3.000                763   Stated                                   Cash Out Refinance          Investor                   SFR
2503204438                       3.000                   1.000                     6.000           12.300           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
2503204443                       3.000                   1.000                     6.000           13.200           3.000                687   Stated                                   Purchase                    Owner Occupied             SFR
2503204477                       0.000                   0.000                     0.000            6.000           0.000                740   Full                                     Cash Out Refinance          Investor                   CONDO
2503204478                       3.000                   1.000                     6.000           13.375           3.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503204488                       3.000                   1.000                     6.000           12.700           3.000                746   Full                                     Purchase                    Owner Occupied             CONDO
2503204502                       0.000                   0.000                     0.000            6.299           0.000                709   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204503                       3.000                   1.000                     6.000           12.488           3.875                750   Stated                                   Purchase                    Owner Occupied             SFR
2503204517                       3.000                   1.000                     6.000           13.990           3.000                647   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204518                       3.000                   1.000                     6.000           12.990           3.000                682   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
2503204533                       3.000                   1.000                     6.000           11.600           2.875                704   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503204539                       3.000                   1.000                     6.000           13.750           3.000                704   Stated                                   Purchase                    Owner Occupied             SFR
2503204543                       3.000                   1.000                     6.000           12.500           4.000                766   Stated                                   Purchase                    Owner Occupied             SFR
2503204550                       3.000                   1.000                     6.000           12.700           3.875                646   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204575                       3.000                   1.000                     6.000           12.200           3.000                726   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204592                       3.000                   1.000                     6.000           12.500           3.000                741   SISA                                     Purchase                    Owner Occupied             SFR
2503204593                       3.000                   1.000                     6.000           11.750           3.500                773   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503204613                       3.000                   1.000                     6.000           13.625           3.000                725   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503204624                       3.000                   1.000                     6.000           13.000           3.000                656   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204634                       3.000                   1.000                     6.000           12.990           3.000                717   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503204643                       3.000                   1.000                     6.000           12.000           3.000                724   Full                                     Purchase                    Investor                   SFR
2503204653                       3.000                   1.000                     6.000           13.990           3.000                719   Full                                     Purchase                    Investor                   CONDO
2503204662                       0.000                   0.000                     0.000            5.577           0.000                774   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503204664                       3.000                   1.000                     6.000           11.850           3.000                647   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503204673                       3.000                   1.000                     6.000           11.625           3.000                719   Stated                                   Cash Out Refinance          Investor                   SFR
2503204675                       3.000                   1.000                     6.000           11.875           3.875                719   Stated                                   Cash Out Refinance          Second Home                CONDO
2503204681                       3.000                   1.000                     6.000           11.875           3.000                654   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204689                       3.000                   1.000                     6.000           13.250           3.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204693                       0.000                   0.000                     0.000            7.375           0.000                637   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204696                       0.000                   0.000                     0.000            5.375           0.000                744   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204697                       3.000                   1.000                     6.000           12.625           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
2503204708                       3.000                   1.000                     6.000           12.875           3.875                697   Stated                                   Purchase                    Investor                   2-FAMILY
2503204713                       3.000                   1.000                     6.000           11.715           3.000                686   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             D-PUDS
2503204726                       3.000                   1.000                     6.000           13.625           3.000                648   Stated                                   Cash Out Refinance          Second Home                HI-RISE
2503204743                       3.000                   1.000                     6.000           12.550           3.000                664   Full                                     Rate/Term Refinance         Investor                   SFR
2503204745                       3.000                   1.000                     6.000           12.990           3.000                669   Stated                                   Purchase                    Owner Occupied             SFR
2503204752                       3.000                   1.000                     6.000           12.700           3.000                639   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204755                       3.000                   1.000                     6.000           12.625           3.000                784   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
2503204758                       0.000                   0.000                     0.000            6.750           0.000                756   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204759                       3.000                   1.000                     6.000           12.625           3.000                797   Stated                                   Purchase                    Owner Occupied             SFR
2503204762                       3.000                   1.000                     6.000           13.750           3.875                656   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204767                       3.000                   1.000                     6.000           14.300           4.000                627   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204772                       3.000                   1.000                     6.000           13.125           3.000                665   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204774                       3.000                   1.000                     6.000           12.000           3.000                640   Stated                                   Purchase                    Second Home                D-PUDS
2503204775                       3.000                   1.000                     6.000           12.550           3.000                721   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204792                       3.000                   1.000                     6.000           11.990           4.000                737   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503204793                       0.000                   0.000                     0.000            6.500           0.000                801   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204798                       3.000                   1.000                     6.000           12.900           3.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503204800                       3.000                   1.000                     6.000           15.700           4.000                706   Express Non-Verified Assets              Purchase                    Investor                   CONDO
2503204810                       0.000                   0.000                     0.000            7.375           0.000                698   Stated                                   Purchase                    Owner Occupied             CONDO
2503204814                       3.000                   1.000                     6.000           12.990           3.875                661   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503204816                       3.000                   1.000                     6.000           14.250           3.000                601   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204820                       3.000                   1.000                     6.000           12.820           3.000                697   Stated                                   Purchase                    Investor                   CONDO
2503204821                       3.000                   1.000                     6.000           13.500           3.000                676   SISA                                     Cash Out Refinance          Owner Occupied             CONDO
2503204828                       3.000                   1.000                     6.000           12.875           3.000                656   Stated                                   Rate/Term Refinance         Second Home                SFR
2503204830                       3.000                   1.000                     6.000           12.990           3.000                685   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
2503204832                       3.000                   1.000                     6.000           13.500           3.875                664   Stated                                   Purchase                    Owner Occupied             CONDO
2503204835                       3.000                   1.000                     6.000           13.699           3.000                769   Stated                                   Purchase                    Investor                   2-FAMILY
2503204844                       3.000                   1.000                     6.000           12.890           3.000                702   Stated                                   Rate/Term Refinance         Investor                   2-FAMILY
2503204845                       3.000                   1.000                     6.000           13.380           3.000                685   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503204847                       3.000                   1.000                     6.000           13.200           3.000                677   Stated                                   Purchase                    Owner Occupied             SFR
2503204850                       3.000                   1.000                     6.000           12.000           3.000                676   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503204852                       0.000                   0.000                     0.000            5.500           0.000                727   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503204858                       3.000                   1.000                     6.000           12.125           3.875                721   Stated                                   Purchase                    Owner Occupied             SFR
2503204859                       3.000                   1.000                     6.000           13.750           3.000                  0   Stated                                   Purchase                    Second Home                HI-RISE
2503204860                       3.000                   1.000                     6.000           13.350           3.000                670   Stated                                   Cash Out Refinance          Investor                   SFR
2503204869                       3.000                   1.000                     6.000           13.500           3.000                729   Stated                                   Cash Out Refinance          Investor                   CONDO
2503204876                       0.000                   0.000                     0.000            7.450           0.000                672   Stated                                   Purchase                    Investor                   2-FAMILY
2503204880                       3.000                   1.000                     6.000           12.700           3.000                666   Stated                                   Rate/Term Refinance         Investor                   PUD
2503204883                       3.000                   1.000                     6.000           13.125           3.000                684   Stated                                   Purchase                    Owner Occupied             SFR
2503204900                       3.000                   1.000                     6.000           13.250           3.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503204903                       3.000                   1.000                     6.000           12.700           3.000                703   Stated                                   Purchase                    Owner Occupied             SFR
2503204904                       3.000                   1.000                     6.000           13.990           3.000                605   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503204912                       3.000                   1.000                     6.000           12.250           3.000                718   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503204917                       3.000                   1.000                     6.000           14.450           3.000                665   Stated                                   Purchase                    Owner Occupied             CONDO
2503204922                       3.000                   1.000                     6.000           12.875           3.000                791   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503204939                       3.000                   1.000                     6.000           13.550           3.500                742   Stated                                   Purchase                    Owner Occupied             PUD
2503204950                       0.000                   0.000                     0.000            7.930           0.000                775   Full                                     Purchase                    Owner Occupied             SFR
2503204952                       3.000                   1.000                     6.000           12.500           3.000                640   Stated                                   Purchase                    Owner Occupied             SFR
2503204954                       3.000                   1.000                     6.000           12.500           3.000                694   Express Verified Assets                  Purchase                    Investor                   SFR
2503204957                       3.000                   1.000                     6.000           13.600           3.875                648   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503204977                       3.000                   1.000                     6.000           12.875           3.000                685   Stated                                   Purchase                    Investor                   SFR
2503204979                       3.000                   1.000                     6.000           12.500           3.000                750   Stated                                   Cash Out Refinance          Investor                   SFR
2503204983                       3.000                   1.000                     6.000           11.990           3.875                763   Full                                     Rate/Term Refinance         Investor                   SFR
2503204998                       3.000                   1.000                     6.000           13.750           3.000                663   Stated                                   Rate/Term Refinance         Investor                   HI-RISE
2503204999                       3.000                   1.000                     6.000           12.990           3.000                663   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205002                       3.000                   1.000                     6.000           12.375           3.000                781   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503205011                       3.000                   1.000                     6.000           13.500           3.000                630   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205025                       3.000                   1.000                     6.000           14.600           3.000                649   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503205028                       3.000                   1.000                     6.000           13.800           4.125                652   SISA                                     Purchase                    Owner Occupied             CONDO
2503205030                       3.000                   1.000                     6.000           14.700           3.000                645   Stated                                   Purchase                    Investor                   2-FAMILY
2503205041                       3.000                   1.000                     6.000           13.250           3.500                703   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205054                       0.000                   0.000                     0.000            5.899           0.000                762   Full                                     Purchase                    Owner Occupied             SFR
2503205057                       3.000                   1.000                     6.000           12.875           3.000                667   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205092                       3.000                   1.000                     6.000           12.900           3.000                664   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205096                       3.000                   1.000                     6.000           15.500           4.875                620   Stated                                   Purchase                    Owner Occupied             SFR
2503205101                       3.000                   1.000                     6.000           13.800           3.000                652   Stated                                   Cash Out Refinance          Investor                   PUD
2503205103                       3.000                   1.000                     6.000           12.650           3.000                776   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205108                       3.000                   1.000                     6.000           13.375           3.000                717   Stated                                   Purchase                    Owner Occupied             CONDO
2503205114                       3.000                   1.000                     6.000           13.125           3.500                723   Stated                                   Cash Out Refinance          Investor                   SFR
2503205132                       3.000                   1.000                     6.000           13.990           3.000                668   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503205133                       3.000                   1.000                     6.000           13.250           3.000                693   Stated                                   Purchase                    Investor                   SFR
2503205136                       3.000                   1.000                     6.000           12.625           3.000                680   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503205148                       3.000                   1.000                     6.000           15.200           4.375                620   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503205153                       3.000                   1.000                     6.000           11.950           4.000                724   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205156                       3.000                   1.000                     6.000           13.125           3.000                767   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205159                       3.000                   1.000                     6.000           12.625           3.000                662   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503205185                       3.000                   1.000                     6.000           14.250           3.000                657   Stated                                   Purchase                    Owner Occupied             SFR
2503205186                       0.000                   0.000                     0.000            5.750           0.000                675   Stated                                   Purchase                    Owner Occupied             SFR
2503205190                       3.000                   1.000                     6.000           12.599           3.000                663   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205200                       3.000                   1.000                     6.000           12.780           3.875                777   Stated                                   Purchase                    Investor                   SFR
2503205204                       3.000                   1.000                     6.000           14.100           3.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503205219                       3.000                   1.000                     6.000           11.790           3.000                705   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503205238                       0.000                   0.000                     0.000            6.950           0.000                749   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503205263                       3.000                   1.000                     6.000           13.730           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503205300                       3.000                   1.000                     6.000           12.050           4.000                678   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503205314                       3.000                   1.000                     6.000           13.690           3.000                720   Stated                                   Purchase                    Investor                   CONDO
2503205321                       0.000                   0.000                     0.000            6.250           0.000                769   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205330                       3.000                   1.000                     6.000           12.800           3.875                760   Stated                                   Purchase                    Owner Occupied             SFR
2503205344                       0.000                   0.000                     0.000            7.150           0.000                  0   Stated                                   Purchase                    Owner Occupied             CONDO
2503205356                       0.000                   0.000                     0.000            6.000           0.000                744   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503205366                       0.000                   0.000                     0.000            6.030           0.000                777   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205372                       0.000                   0.000                     0.000            5.990           0.000                774   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205375                       3.000                   1.000                     6.000           12.650           3.000                698   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503205386                       0.000                   0.000                     0.000            5.875           0.000                741   Stated                                   Rate/Term Refinance         Investor                   SFR
2503205390                       3.000                   1.000                     6.000           12.400           3.000                688   Stated                                   Purchase                    Owner Occupied             SFR
2503205395                       0.000                   0.000                     0.000            5.950           0.000                802   Full                                     Rate/Term Refinance         Owner Occupied             PUD
2503205399                       0.000                   0.000                     0.000            6.625           0.000                726   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503205402                       3.000                   1.000                     6.000           14.440           3.000                665   Stated                                   Purchase                    Investor                   CONDO
2503205403                       3.000                   1.000                     6.000           13.850           3.000                711   Stated                                   Purchase                    Investor                   D-PUDS
2503205404                       3.000                   1.000                     6.000           13.375           3.000                  0   Stated                                   Purchase                    Second Home                PUD
2503205408                       3.000                   1.000                     6.000           12.860           3.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503205413                       0.000                   0.000                     0.000            5.875           0.000                763   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205419                       0.000                   0.000                     0.000            6.092           0.000                760   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503205424                       0.000                   0.000                     0.000            6.870           0.000                662   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503205427                       3.000                   1.000                     6.000           12.950           3.000                703   Stated                                   Purchase                    Owner Occupied             SFR
2503205449                       0.000                   0.000                     0.000            6.000           0.000                777   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503205454                       3.000                   1.000                     6.000           12.790           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503205458                       0.000                   0.000                     0.000            6.490           0.000                766   Stated                                   Purchase                    Owner Occupied             SFR
2503205461                       3.000                   1.000                     6.000           12.365           3.000                762   Stated                                   Purchase                    Owner Occupied             SFR
2503205468                       3.000                   1.000                     6.000           15.800           3.000                656   Stated                                   Cash Out Refinance          Investor                   PUD
2503205469                       3.000                   1.000                     6.000           14.290           3.000                646   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503205482                       3.000                   1.000                     6.000           12.650           3.000                636   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503205484                       0.000                   0.000                     0.000            6.125           0.000                746   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205485                       0.000                   0.000                     0.000            6.125           0.000                656   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205490                       0.000                   0.000                     0.000            6.990           0.000                696   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503205492                       3.000                   1.000                     6.000           13.990           3.000                648   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503205504                       3.000                   1.000                     6.000           13.750           3.000                677   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503205528                       3.000                   1.000                     6.000           12.300           3.000                715   Stated                                   Purchase                    Owner Occupied             SFR
2503205538                       3.000                   1.000                     6.000           12.900           3.000                668   Stated                                   Purchase                    Owner Occupied             PUD
2503205539                       3.000                   1.000                     6.000           13.280           3.000                630   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205544                       3.000                   1.000                     6.000           12.600           3.875                672   Stated                                   Purchase                    Owner Occupied             SFR
2503205555                       3.000                   1.000                     6.000           11.690           3.000                691   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205556                       3.000                   1.000                     6.000           12.875           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503205562                       3.000                   1.000                     6.000           12.613           3.000                717   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205574                       3.000                   1.000                     6.000           12.300           3.000                714   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205584                       3.000                   1.000                     6.000           13.875           3.000                674   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205585                       3.000                   1.000                     6.000           11.875           3.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503205591                       0.000                   0.000                     0.000            6.930           0.000                639   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205597                       0.000                   0.000                     0.000            7.400           0.000                640   Stated                                   Purchase                    Owner Occupied             SFR
2503205603                       3.000                   1.000                     6.000           12.250           3.000                674   Stated                                   Cash Out Refinance          Investor                   SFR
2503205604                       3.000                   1.000                     6.000           12.500           3.000                727   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205618                       3.000                   1.000                     6.000           13.625           3.005                650   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205631                       3.000                   1.000                     6.000           12.800           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503205641                       3.000                   1.000                     6.000           11.750           3.875                779   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205666                       3.000                   1.000                     6.000           14.300           3.000                664   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503205669                       3.000                   1.000                     6.000           12.375           3.000                706   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205680                       3.000                   1.000                     6.000           12.090           3.000                670   Express No Doc                           Cash Out Refinance          Owner Occupied             D-PUDS
2503205687                       3.000                   1.000                     6.000           13.750           3.000                672   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205688                       0.000                   0.000                     0.000            5.855           0.000                742   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503205691                       3.000                   1.000                     6.000           13.250           3.000                668   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205704                       3.000                   1.000                     6.000           12.500           3.000                681   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205705                       3.000                   1.000                     6.000           12.950           3.000                802   Stated                                   Purchase                    Owner Occupied             SFR
2503205708                       3.000                   1.000                     6.000           12.500           3.000                620   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
2503205717                       3.000                   1.000                     6.000           13.400           3.000                720   Stated                                   Cash Out Refinance          Owner Occupied             4-FAMILY
2503205719                       3.000                   1.000                     6.000           13.375           3.625                714   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
2503205724                       3.000                   1.000                     6.000           12.500           3.000                725   Stated                                   Purchase                    Investor                   PUD
2503205748                       3.000                   1.000                     6.000           12.350           3.000                746   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503205752                       3.000                   1.000                     6.000           17.420           5.550                664   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503205759                       3.000                   1.000                     6.000           12.625           3.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503205772                       3.000                   1.000                     6.000           13.780           3.000                669   Stated                                   Purchase                    Owner Occupied             SFR
2503205775                       3.000                   1.000                     6.000           12.500           3.000                712   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205776                       0.000                   0.000                     0.000            6.750           0.000                619   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503205787                       3.000                   1.000                     6.000           13.000           3.875                780   Stated                                   Cash Out Refinance          Investor                   SFR
2503205795                       3.000                   1.000                     6.000           13.200           3.000                816   Stated                                   Purchase                    Owner Occupied             SFR
2503205796                       3.000                   1.000                     6.000           12.550           3.875                736   Express Non-Verified Assets              Rate/Term Refinance         Investor                   SFR
2503205800                       0.000                   0.000                     0.000            6.625           0.000                720   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503205807                       0.000                   0.000                     0.000            6.700           0.000                743   Stated                                   Cash Out Refinance          Investor                   SFR
2503205816                       3.000                   1.000                     6.000           11.990           3.000                741   Stated                                   Purchase                    Investor                   SFR
2503205823                       3.000                   1.000                     6.000           12.375           3.000                663   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503205829                       3.000                   1.000                     6.000           11.625           3.000                695   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205839                       3.000                   1.000                     6.000           12.990           3.000                649   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205840                       3.000                   1.000                     6.000           11.750           3.000                751   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503205844                       0.000                   0.000                     0.000            6.490           0.000                750   SISA                                     Cash Out Refinance          Investor                   SFR
2503205860                       0.000                   0.000                     0.000            6.500           0.000                640   Express Verified Assets                  Cash Out Refinance          Owner Occupied             D-PUDS
2503205863                       3.000                   1.000                     5.740           11.990           3.000                698   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503205864                       3.000                   1.000                     6.000           11.550           3.000                734   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503205867                       3.000                   1.000                     6.000           12.550           3.000                736   Express Non-Verified Assets              Rate/Term Refinance         Investor                   SFR
2503205876                       3.000                   1.000                     6.000           14.170           3.875                685   Stated                                   Purchase                    Investor                   D-PUDS
2503205882                       0.000                   0.000                     0.000            6.940           0.000                767   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503205890                       3.000                   1.000                     6.000           12.555           4.000                654   Full                                     Purchase                    Owner Occupied             SFR
2503205897                       0.000                   0.000                     0.000            6.500           0.000                699   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503205919                       3.000                   1.000                     6.000           13.875           3.000                680   Express Verified Assets                  Cash Out Refinance          Investor                   TOWNHOUSE
2503205932                       3.000                   1.000                     6.000           12.690           3.000                622   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503205933                       3.000                   1.000                     6.000           12.250           2.750                683   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503205941                       0.000                   0.000                     0.000            7.070           0.000                707   Stated                                   Purchase                    Investor                   CONDO
2503205954                       3.000                   1.000                     6.000           12.850           3.000                742   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503205977                       3.000                   1.000                     6.000           12.600           3.000                695   Stated                                   Purchase                    Owner Occupied             CONDO
2503205978                       3.000                   1.000                     6.000           13.000           3.000                666   Stated                                   Cash Out Refinance          Investor                   SFR
2503205997                       3.000                   1.000                     6.000           12.875           3.875                690   Stated                                   Purchase                    Investor                   PUD
2503206003                       0.000                   0.000                     0.000            7.250           0.000                721   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503206012                       3.000                   1.000                     6.000           12.950           3.000                654   Stated                                   Purchase                    Owner Occupied             SFR
2503206019                       3.000                   1.000                     6.000           12.500           3.000                690   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503206022                       3.000                   1.000                     6.000           13.250           3.000                651   Full                                     Purchase                    Owner Occupied             CONDO
2503206046                       0.000                   0.000                     0.000            6.625           0.000                619   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503206047                       0.000                   0.000                     0.000            6.000           0.000                740   Stated                                   Cash Out Refinance          Investor                   SFR
2503206050                       0.000                   0.000                     0.000            6.700           0.000                770   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503206053                       3.000                   1.000                     6.000           12.050           3.875                729   Stated                                   Purchase                    Investor                   SFR
2503206055                       3.000                   1.000                     6.000           12.860           3.000                767   Stated                                   Purchase                    Owner Occupied             PUD
2503206061                       3.000                   1.000                     6.000           13.380           3.000                653   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503206063                       3.000                   1.000                     6.000           12.870           3.000                640   Stated                                   Purchase                    Owner Occupied             SFR
2503206070                       0.000                   0.000                     0.000            5.875           0.000                740   Stated                                   Rate/Term Refinance         Investor                   4-FAMILY
2503206085                       3.000                   1.000                     6.000           12.950           3.000                743   Stated                                   Purchase                    Second Home                SFR
2503206100                       0.000                   0.000                     0.000            8.900           0.000                793   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503206102                       3.000                   1.000                     6.000           12.900           3.875                706   Stated                                   Purchase                    Owner Occupied             SFR
2503206103                       3.000                   1.000                     6.000           15.100           3.000                674   Stated                                   Purchase                    Owner Occupied             CONDO
2503206126                       3.000                   1.000                     6.000           11.850           3.000                775   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503206130                       3.000                   1.000                     6.000           14.600           3.000                640   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503206143                       3.000                   1.000                     6.000           11.750           3.000                729   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206152                       0.000                   0.000                     0.000            6.750           0.000                649   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503206155                       3.000                   1.000                     6.000           12.875           3.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503206187                       0.000                   0.000                     0.000            8.990           0.000                689   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503206227                       3.000                   1.000                     6.000           12.990           3.000                673   Stated                                   Purchase                    Owner Occupied             SFR
2503206234                       3.000                   1.000                     6.000           12.625           3.875                724   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503206236                       3.000                   1.000                     6.000           11.800           3.000                669   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206254                       3.000                   1.000                     6.000           12.375           3.000                682   Express Verified Assets                  Cash Out Refinance          Investor                   CONDO
2503206255                       3.000                   1.000                     6.000           12.560           3.000                693   Stated                                   Purchase                    Investor                   CONDO
2503206256                       3.000                   1.000                     6.000           13.125           3.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503206257                       0.000                   0.000                     0.000            6.400           0.000                696   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206286                       3.000                   1.000                     6.000           12.125           3.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206287                       3.000                   1.000                     6.000           11.875           3.000                772   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503206292                       3.000                   1.000                     6.000           13.750           3.875                641   Stated                                   Rate/Term Refinance         Investor                   SFR
2503206296                       0.000                   0.000                     0.000            7.500           0.000                642   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206299                       3.000                   1.000                     6.000           12.105           3.875                754   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206314                       3.000                   1.000                     6.000           13.100           3.875                665   Stated                                   Purchase                    Owner Occupied             SFR
2503206323                       3.000                   1.000                     6.000           12.780           3.000                681   Stated                                   Purchase                    Owner Occupied             SFR
2503206324                       3.000                   1.000                     6.000           12.625           3.000                755   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206333                       3.000                   1.000                     6.000           12.750           3.000                768   Stated                                   Purchase                    Investor                   CONDO
2503206340                       3.000                   1.000                     6.000           13.500           3.625                714   SISA                                     Purchase                    Second Home                SFR
2503206350                       3.000                   1.000                     6.000           12.500           3.000                751   Stated                                   Purchase                    Investor                   CONDO
2503206387                       3.000                   1.000                     6.000           12.990           3.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503206400                       3.000                   1.000                     6.000           11.750           3.875                754   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206436                       3.000                   1.000                     6.000           12.750           3.000                709   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503206437                       3.000                   1.000                     6.000           13.900           3.000                707   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503206439                       3.000                   1.000                     6.000           12.650           3.000                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206472                       3.000                   1.000                     6.000           12.375           3.000                740   Stated                                   Purchase                    Owner Occupied             SFR
2503206490                       3.000                   1.000                     6.000           12.375           3.875                669   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206494                       3.000                   1.000                     6.000           12.750           3.000                796   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206499                       3.000                   1.000                     6.000           12.375           3.000                658   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503206501                       3.000                   1.000                     6.000           14.160           3.500                754   Stated                                   Purchase                    Investor                   SFR
2503206504                       3.000                   1.000                     6.000           13.320           3.000                620   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503206526                       3.000                   1.000                     6.000           12.630           4.000                670   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503206533                       3.000                   1.000                     6.000           13.310           3.000                674   Stated                                   Purchase                    Investor                   SFR
2503206547                       0.000                   0.000                     0.000            6.375           0.000                783   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206550                       3.000                   1.000                     6.000           14.990           3.625                718   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206551                       0.000                   0.000                     0.000            8.625           0.000                639   SISA                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503206552                       3.000                   1.000                     6.000           13.130           3.000                742   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503206556                       3.000                   1.000                     6.000           15.890           7.150                607   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503206559                       0.000                   0.000                     0.000            6.125           0.000                726   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206573                       0.000                   0.000                     0.000            6.500           0.000                673   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503206576                       3.000                   1.000                     6.000           12.100           3.000                722   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206589                       3.000                   1.000                     6.000           13.750           3.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503206592                       3.000                   1.000                     6.000           12.000           3.875                659   Stated                                   Purchase                    Owner Occupied             PUD
2503206594                       3.000                   1.000                     6.000           12.450           3.000                670   Express Verified Assets                  Purchase                    Owner Occupied             SFR
2503206608                       0.000                   0.000                     0.000            8.940           0.000                660   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503206614                       3.000                   1.000                     6.000           13.790           3.000                613   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206622                       3.000                   1.000                     6.000           12.990           3.875                816   Stated                                   Purchase                    Owner Occupied             SFR
2503206626                       3.000                   1.000                     6.000           12.125           3.000                736   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503206633                       3.000                   1.000                     6.000           12.860           3.000                688   Stated                                   Purchase                    Owner Occupied             SFR
2503206637                       3.000                   1.000                     6.000           12.750           3.000                677   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206638                       3.000                   1.000                     6.000           12.875           3.000                704   Stated                                   Purchase                    Owner Occupied             SFR
2503206646                       3.000                   1.000                     6.000           13.500           3.000                806   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503206656                       3.000                   1.000                     6.000           13.195           3.000                652   Stated                                   Purchase                    Investor                   SFR
2503206664                       3.000                   1.000                     6.000           12.690           3.000                657   Stated                                   Purchase                    Owner Occupied             SFR
2503206672                       0.000                   0.000                     0.000            6.600           0.000                646   Stated                                   Cash Out Refinance          Investor                   SFR
2503206678                       3.000                   1.000                     6.000           12.125           3.000                761   Express No Doc                           Rate/Term Refinance         Owner Occupied             CONDO
2503206714                       0.000                   0.000                     0.000            6.900           0.000                624   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206721                       3.000                   1.000                     6.000           12.500           3.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206723                       3.000                   1.000                     6.000           12.625           3.875                685   Stated                                   Rate/Term Refinance         Investor                   SFR
2503206724                       0.000                   0.000                     0.000            6.071           0.000                720   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503206725                       3.000                   1.000                     6.000           12.250           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503206745                       3.000                   1.000                     6.000           14.050           3.000                685   Full                                     Purchase                    Owner Occupied             HI-RISE
2503206754                       3.000                   1.000                     6.000           13.250           3.000                657   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503206759                       3.000                   1.000                     6.000           13.125           3.000                693   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503206761                       3.000                   1.000                     6.000           13.200           3.000                622   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503206765                       3.000                   1.000                     6.000           12.700           3.000                769   Stated                                   Purchase                    Owner Occupied             SFR
2503206768                       3.000                   1.000                     6.000           13.375           3.000                693   Express Non-Verified Assets              Cash Out Refinance          Investor                   4-FAMILY
2503206777                       3.000                   1.000                     6.000           13.125           3.000                640   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503206780                       3.000                   1.000                     6.000           13.125           3.000                656   Stated                                   Purchase                    Owner Occupied             CONDO
2503206783                       3.000                   1.000                     6.000           13.450           3.000                704   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503206784                       3.000                   1.000                     6.000           12.875           3.000                668   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206792                       3.000                   1.000                     6.000           12.990           3.000                760   Stated                                   Purchase                    Owner Occupied             SFR
2503206793                       3.000                   1.000                     6.000           12.860           3.000                702   Stated                                   Rate/Term Refinance         Investor                   SFR
2503206807                       0.000                   0.000                     0.000            6.375           0.000                678   Stated                                   Rate/Term Refinance         Second Home                CONDO
2503206814                       0.000                   0.000                     0.000            6.900           0.000                779   Stated                                   Purchase                    Investor                   2-FAMILY
2503206816                       3.000                   1.000                     6.000           14.300           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
2503206825                       3.000                   1.000                     6.000           12.375           3.000                753   Stated                                   Purchase                    Owner Occupied             SFR
2503206847                       3.000                   1.000                     6.000           13.125           3.000                705   SISA                                     Purchase                    Owner Occupied             CONDO
2503206850                       3.000                   1.000                     6.000           12.300           3.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503206877                       0.000                   0.000                     0.000            6.125           0.000                685   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503206883                       3.000                   1.000                     6.000           13.510           3.000                668   Stated                                   Purchase                    Owner Occupied             CONDO
2503206884                       3.000                   1.000                     6.000           12.250           3.000                787   Stated                                   Cash Out Refinance          Investor                   SFR
2503206885                       3.000                   1.000                     6.000           12.990           3.875                600   Stated                                   Cash Out Refinance          Investor                   SFR
2503206890                       3.000                   1.000                     6.000           13.750           3.000                735   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503206898                       0.000                   0.000                     0.000            6.125           0.000                746   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503206901                       3.000                   1.000                     6.000           13.990           3.000                704   Stated                                   Purchase                    Investor                   3-FAMILY
2503206904                       3.000                   1.000                     6.000           13.780           3.000                671   Stated                                   Purchase                    Investor                   PUD
2503206905                       3.000                   1.000                     6.000           13.500           3.875                665   Stated                                   Purchase                    Owner Occupied             SFR
2503206909                       0.000                   0.000                     0.000            6.990           0.000                610   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503206911                       0.000                   0.000                     0.000            6.625           0.000                786   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
2503206912                       3.000                   1.000                     6.000           13.750           3.000                697   Stated                                   Purchase                    Owner Occupied             SFR
2503206914                       3.000                   1.000                     6.000           15.165           3.875                772   SISA                                     Purchase                    Investor                   SFR
2503206917                       3.000                   1.000                     6.000           13.110           3.000                695   Express No Doc                           Purchase                    Owner Occupied             SFR
2503206918                       3.000                   1.000                     6.000           14.250           3.875                777   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503206920                       3.000                   1.000                     6.000           12.990           3.875                719   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503206928                       3.000                   1.000                     6.000           12.490           3.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503206936                       3.000                   1.000                     6.000           12.740           3.000                729   Stated                                   Purchase                    Investor                   SFR
2503206938                       3.000                   1.000                     6.000           12.000           3.000                640   Stated                                   Purchase                    Owner Occupied             SFR
2503206952                       3.000                   1.000                     6.000           13.150           3.000                724   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503206984                       0.000                   0.000                     0.000            6.125           0.000                717   Stated                                   Cash Out Refinance          Investor                   SFR
2503207004                       3.000                   1.000                     6.000           13.750           3.000                675   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503207018                       0.000                   0.000                     0.000            6.250           0.000                806   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
2503207052                       3.000                   1.000                     6.000           13.550           3.000                658   Stated                                   Rate/Term Refinance         Investor                   TOWNHOUSE
2503207059                       3.000                   1.000                     6.000           12.875           3.000                693   Full                                     Rate/Term Refinance         Investor                   2-FAMILY
2503207085                       3.000                   1.000                     6.000           12.120           3.000                770   Full                                     Cash Out Refinance          Owner Occupied             CONDO
2503207086                       3.000                   1.000                     6.000           12.740           3.000                732   Stated                                   Purchase                    Owner Occupied             SFR
2503207089                       3.000                   1.000                     6.000           12.750           3.000                660   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207095                       3.000                   1.000                     6.000           13.250           3.000                616   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207099                       0.000                   0.000                     0.000            6.610           0.000                729   Stated                                   Rate/Term Refinance         Second Home                CONDO
2503207122                       3.000                   1.000                     6.000           11.750           3.000                723   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503207128                       3.000                   1.000                     6.000           14.850           4.375                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207156                       3.000                   1.000                     6.000           13.750           3.000                662   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207158                       0.000                   0.000                     0.000            5.795           0.000                788   Full                                     Purchase                    Owner Occupied             D-PUDS
2503207163                       3.000                   1.000                     6.000           12.795           3.875                695   Stated                                   Purchase                    Investor                   SFR
2503207165                       0.000                   0.000                     0.000            6.000           0.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503207211                       0.000                   0.000                     0.000            8.150           0.000                695   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503207222                       3.000                   1.000                     6.000           16.900           3.875                675   Express Non-Verified Assets              Purchase                    Investor                   2-FAMILY
2503207228                       3.000                   1.000                     6.000           13.000           3.000                657   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207243                       0.000                   0.000                     0.000            6.550           0.000                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207268                       0.000                   0.000                     0.000            5.990           0.000                750   Full                                     Purchase                    Owner Occupied             D-PUDS
2503207270                       3.000                   1.000                     6.000           12.990           3.000                773   Stated                                   Purchase                    Owner Occupied             CONDO
2503207273                       0.000                   0.000                     0.000            5.875           0.000                714   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207295                       3.000                   1.000                     6.000           13.125           3.000                669   Stated                                   Purchase                    Investor                   SFR
2503207311                       3.000                   1.000                     6.000           12.960           3.000                779   Stated                                   Purchase                    Investor                   CONDO
2503207333                       3.000                   1.000                     6.000           12.500           3.000                703   Full                                     Purchase                    Owner Occupied             PUD
2503207339                       3.000                   1.000                     6.000           12.363           3.000                649   Stated                                   Purchase                    Owner Occupied             SFR
2503207343                       3.000                   1.000                     6.000           11.790           3.000                676   Stated                                   Rate/Term Refinance         Investor                   SFR
2503207354                       3.000                   1.000                     6.000           12.900           3.875                693   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503207359                       3.000                   1.000                     6.000           12.990           3.000                669   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207380                       3.000                   1.000                     6.000           13.950           3.000                664   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207386                       3.000                   1.000                     6.000           15.875           3.000                674   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503207390                       3.000                   1.000                     6.000           12.900           3.000                660   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207393                       3.000                   1.000                     6.000           12.875           3.000                657   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503207396                       3.000                   1.000                     6.000           12.700           3.000                704   Stated                                   Purchase                    Owner Occupied             SFR
2503207400                       3.000                   1.000                     6.000           12.750           3.000                726   Stated                                   Purchase                    Owner Occupied             SFR
2503207404                       3.000                   1.000                     6.000           12.550           3.000                719   Stated                                   Purchase                    Owner Occupied             SFR
2503207406                       3.000                   1.000                     6.000           11.875           3.000                715   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503207418                       3.000                   1.000                     6.000           12.375           3.875                794   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503207421                       3.000                   1.000                     6.000           13.200           3.875                646   Stated                                   Purchase                    Owner Occupied             SFR
2503207437                       3.000                   1.000                     6.000           12.875           3.000                798   Stated                                   Purchase                    Owner Occupied             SFR
2503207442                       3.000                   1.000                     6.000           12.625           3.875                665   Stated                                   Purchase                    Owner Occupied             SFR
2503207459                       3.000                   1.000                     6.000           12.875           3.875                669   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207470                       3.000                   1.000                     6.000           13.990           3.000                640   Stated                                   Rate/Term Refinance         Second Home                CONDOTEL
2503207484                       3.000                   1.000                     6.000           13.000           3.000                698   Stated                                   Purchase                    Investor                   CONDO
2503207492                       3.000                   1.000                     6.000           12.750           3.000                690   Stated                                   Rate/Term Refinance         Investor                   SFR
2503207495                       3.000                   1.000                     6.000           12.620           3.000                776   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207499                       3.000                   1.000                     6.000           12.300           3.000                714   Stated                                   Purchase                    Owner Occupied             SFR
2503207509                       3.000                   1.000                     6.000           13.500           3.625                769   Stated                                   Purchase                    Owner Occupied             CONDO
2503207510                       3.000                   1.000                     6.000           12.145           3.000                682   Stated                                   Cash Out Refinance          Investor                   D-PUDS
2503207512                       3.000                   1.000                     6.000           14.600           3.875                657   Stated                                   Purchase                    Investor                   SFR
2503207517                       3.000                   1.000                     6.000           12.100           3.000                798   Stated                                   Purchase                    Owner Occupied             SFR
2503207530                       0.000                   0.000                     0.000            6.250           0.000                700   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503207543                       3.000                   1.000                     6.000           12.625           3.000                641   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207546                       3.000                   1.000                     6.000           12.125           3.000                695   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503207552                       0.000                   0.000                     0.000            6.250           0.000                720   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503207559                       0.000                   0.000                     0.000            6.610           0.000                665   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207591                       3.000                   1.000                     6.000           12.790           3.000                703   Stated                                   Purchase                    Investor                   SFR
2503207602                       3.000                   1.000                     6.000           12.900           3.000                748   Stated                                   Cash Out Refinance          Second Home                SFR
2503207606                       3.000                   1.000                     6.000           13.700           3.000                660   Stated                                   Purchase                    Owner Occupied             CONDO
2503207607                       3.000                   1.000                     6.000           13.320           3.500                637   Stated                                   Rate/Term Refinance         Investor                   SFR
2503207617                       3.000                   1.000                     6.000           12.000           3.000                700   Stated                                   Purchase                    Investor                   HI-RISE
2503207630                       0.000                   0.000                     0.000            6.000           0.000                735   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207632                       3.000                   1.000                     6.000           12.100           3.000                700   Stated                                   Cash Out Refinance          Investor                   PUD
2503207637                       3.000                   1.000                     6.000           12.550           3.875                727   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207638                       0.000                   0.000                     0.000            6.860           0.000                728   Stated                                   Cash Out Refinance          Investor                   SFR
2503207644                       0.000                   0.000                     0.000            7.410           0.000                703   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503207651                       3.000                   1.000                     6.000           13.500           3.000                663   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207659                       0.000                   0.000                     0.000            5.875           0.000                780   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207664                       0.000                   0.000                     0.000            5.750           0.000                673   Express No Doc                           Purchase                    Owner Occupied             CONDO
2503207666                       3.000                   1.000                     6.000           11.875           3.000                749   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503207702                       0.000                   0.000                     0.000            6.750           0.000                630   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503207705                       3.000                   1.000                     6.000           13.790           4.000                668   Full                                     Purchase                    Investor                   SFR
2503207706                       3.000                   1.000                     6.000           12.375           3.000                704   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207708                       3.000                   1.000                     6.000           12.500           3.000                638   Full                                     Purchase                    Owner Occupied             D-PUDS
2503207722                       3.000                   1.000                     6.000           12.800           3.000                694   Stated                                   Purchase                    Second Home                D-PUDS
2503207724                       3.000                   1.000                     6.000           15.162           4.125                607   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207726                       3.000                   1.000                     6.000           14.000           6.550                712   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207753                       3.000                   1.000                     6.000           12.625           3.000                726   Stated                                   Purchase                    Investor                   D-PUDS
2503207757                       3.000                   1.000                     6.000           13.705           3.000                640   Stated                                   Purchase                    Second Home                SFR
2503207785                       3.000                   1.000                     6.000           12.750           3.000                678   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207792                       3.000                   1.000                     6.000           12.290           3.000                699   Stated                                   Purchase                    Owner Occupied             SFR
2503207822                       3.000                   1.000                     6.000           14.450           3.875                703   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207823                       3.000                   1.000                     6.000           11.875           3.000                740   Full                                     Cash Out Refinance          Investor                   D-PUDS
2503207836                       3.000                   1.000                     6.000           13.125           3.000                621   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503207840                       3.000                   1.000                     6.000           12.000           3.875                658   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207853                       3.000                   1.000                     6.000           12.750           3.000                673   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207855                       3.000                   1.000                     6.000           12.875           3.000                674   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503207858                       3.000                   1.000                     6.000           12.700           3.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503207877                       0.000                   0.000                     0.000            6.390           0.000                701   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503207885                       0.000                   0.000                     0.000            6.500           0.000                639   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207888                       0.000                   0.000                     0.000            6.500           0.000                712   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503207889                       3.000                   1.000                     6.000           12.250           3.000                638   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503207900                       3.000                   1.000                     6.000           14.300           3.875                733   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
2503207920                       3.000                   1.000                     6.000           12.875           3.000                671   Stated                                   Purchase                    Owner Occupied             CONDO
2503207931                       3.000                   1.000                     6.000           12.800           5.550                636   Full                                     Purchase                    Owner Occupied             CONDO
2503207936                       3.000                   1.000                     6.000           13.250           3.000                710   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503207937                       3.000                   1.000                     6.000           11.700           3.000                720   Full                                     Purchase                    Owner Occupied             CONDO
2503207939                       3.000                   1.000                     6.000           12.550           3.000                660   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207942                       0.000                   0.000                     0.000            6.500           0.000                640   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503207949                       0.000                   0.000                     0.000            6.550           0.000                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503207950                       3.000                   1.000                     6.000           12.990           3.000                644   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503207989                       3.000                   1.000                     6.000           13.150           3.875                655   Stated                                   Cash Out Refinance          Investor                   SFR
2503207995                       3.000                   1.000                     6.000           12.150           3.875                738   Stated                                   Rate/Term Refinance         Investor                   SFR
2503208005                       0.000                   0.000                     0.000            6.250           0.000                703   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503208006                       3.000                   1.000                     6.000           12.815           3.000                712   Stated                                   Purchase                    Owner Occupied             SFR
2503208016                       3.000                   1.000                     6.000           12.600           4.500                621   Full                                     Purchase                    Owner Occupied             SFR
2503208020                       3.000                   1.000                     6.000           12.000           3.000                778   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208023                       3.000                   1.000                     6.000           11.625           3.000                774   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503208027                       3.000                   1.000                     6.000           14.250           3.000                668   SISA                                     Cash Out Refinance          Investor                   SFR
2503208028                       3.000                   1.000                     6.000           12.550           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503208034                       0.000                   0.000                     0.000            6.095           0.000                736   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503208048                       0.000                   0.000                     0.000            5.847           0.000                752   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503208059                       3.000                   1.000                     6.000           12.225           3.875                654   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208063                       0.000                   0.000                     0.000            7.125           0.000                689   Full                                     Cash Out Refinance          Investor                   SFR
2503208070                       0.000                   0.000                     0.000            6.375           0.000                780   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503208071                       3.000                   1.000                     6.000           12.750           3.000                693   Stated                                   Purchase                    Owner Occupied             CONDO
2503208082                       3.000                   1.000                     6.000           13.250           3.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503208086                       0.000                   0.000                     0.000            5.927           0.000                736   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208088                       0.000                   0.000                     0.000            6.375           0.000                701   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             PUD
2503208101                       3.000                   1.000                     6.000           14.500           3.000                676   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503208107                       0.000                   0.000                     0.000            6.875           0.000                685   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503208118                       3.000                   1.000                     6.000           16.300           4.375                630   SISA                                     Cash Out Refinance          Investor                   SFR
2503208121                       3.000                   1.000                     6.000           12.250           3.875                692   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208125                       3.000                   1.000                     6.000           13.500           3.000                644   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208127                       0.000                   0.000                     0.000            5.750           0.000                789   Full                                     Cash Out Refinance          Owner Occupied             CONDO
2503208128                       0.000                   0.000                     0.000            6.875           0.000                689   Full                                     Purchase                    Investor                   SFR
2503208132                       3.000                   1.000                     6.000           12.400           3.000                697   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503208137                       3.000                   1.000                     6.000           11.750           3.000                798   Full                                     Purchase                    Owner Occupied             SFR
2503208144                       0.000                   0.000                     0.000            6.750           0.000                705   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503208149                       3.000                   1.000                     6.000           12.990           3.000                627   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208154                       3.000                   1.000                     6.000           12.500           3.000                718   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208166                       3.000                   1.000                     6.000           11.990           3.000                695   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503208169                       0.000                   0.000                     0.000            6.250           0.000                701   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208170                       3.000                   1.000                     6.000           12.180           3.000                719   Stated                                   Purchase                    Owner Occupied             CONDO
2503208172                       0.000                   0.000                     0.000            6.500           0.000                669   Stated                                   Cash Out Refinance          Investor                   CONDO
2503208203                       0.000                   0.000                     0.000            7.025           0.000                640   Stated                                   Purchase                    Owner Occupied             SFR
2503208227                       3.000                   1.000                     6.000           13.000           3.000                635   Full                                     Cash Out Refinance          Investor                   2-FAMILY
2503208230                       3.000                   1.000                     6.000           12.450           3.875                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208263                       3.000                   1.000                     6.000           13.625           3.750                765   Express No Doc                           Purchase                    Owner Occupied             CONDO
2503208267                       3.000                   1.000                     6.000           12.900           3.875                726   Stated                                   Purchase                    Owner Occupied             SFR
2503208275                       3.000                   1.000                     6.000           12.500           3.000                725   Full                                     Purchase                    Investor                   2-FAMILY
2503208286                       3.000                   1.000                     6.000           14.710           4.125                693   Stated                                   Cash Out Refinance          Second Home                SFR
2503208288                       3.000                   1.000                     6.000           13.500           3.000                656   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503208291                       3.000                   1.000                     6.000           11.750           3.000                690   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503208293                       3.000                   1.000                     6.000           14.050           3.000                796   Stated                                   Purchase                    Investor                   SFR
2503208306                       3.000                   1.000                     6.000           11.800           3.000                664   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208307                       3.000                   1.000                     6.000           13.250           3.000                665   Full                                     Purchase                    Owner Occupied             CONDO
2503208313                       0.000                   0.000                     0.000            6.875           0.000                643   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
2503208315                       3.000                   1.000                     6.000           12.750           3.000                715   Stated                                   Purchase                    Investor                   HI-RISE
2503208328                       3.000                   1.000                     6.000           12.450           3.000                708   Stated                                   Purchase                    Owner Occupied             SFR
2503208329                       3.000                   1.000                     6.000           14.000           3.875                705   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503208333                       3.000                   1.000                     6.000           12.875           3.000                767   Stated                                   Purchase                    Investor                   CONDO
2503208357                       3.000                   1.000                     6.000           12.750           3.000                661   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208358                       3.000                   1.000                     6.000           11.790           3.000                660   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503208361                       3.000                   1.000                     6.000           12.625           3.000                696   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208371                       3.000                   1.000                     6.000           12.250           3.000                705   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208375                       3.000                   1.000                     6.000           12.500           3.000                646   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503208376                       3.000                   1.000                     6.000           12.900           3.000                726   Stated                                   Purchase                    Investor                   2-FAMILY
2503208382                       0.000                   0.000                     0.000            7.125           0.000                647   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503208385                       3.000                   1.000                     6.000           11.800           3.875                724   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208397                       0.000                   0.000                     0.000            6.375           0.000                796   Stated                                   Purchase                    Owner Occupied             SFR
2503208398                       0.000                   0.000                     0.000            6.125           0.000                751   Express Verified Assets                  Rate/Term Refinance         Investor                   D-PUDS
2503208409                       3.000                   1.000                     6.000           12.450           2.750                809   Stated                                   Purchase                    Owner Occupied             SFR
2503208425                       3.000                   1.000                     6.000           12.750           3.000                703   Stated                                   Rate/Term Refinance         Investor                   TOWNHOUSE
2503208427                       3.000                   1.000                     6.000           12.875           3.000                677   Stated                                   Purchase                    Owner Occupied             CONDO
2503208429                       3.000                   1.000                     6.000           11.700           3.000                688   Stated                                   Purchase                    Owner Occupied             SFR
2503208433                       0.000                   0.000                     0.000            5.990           0.000                806   Full                                     Purchase                    Owner Occupied             SFR
2503208437                       3.000                   1.000                     6.000           12.500           3.000                646   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503208438                       3.000                   1.000                     6.000           12.500           3.000                698   Stated                                   Purchase                    Owner Occupied             SFR
2503208442                       3.000                   1.000                     6.000           12.000           3.000                739   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503208447                       0.000                   0.000                     0.000            6.500           0.000                642   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208468                       3.000                   1.000                     6.000           12.300           3.000                700   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503208478                       0.000                   0.000                     0.000            6.000           0.000                688   SISA                                     Cash Out Refinance          Owner Occupied             CONDO
2503208480                       0.000                   0.000                     0.000            6.375           0.000                665   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503208489                       3.000                   1.000                     6.000           13.217           3.875                660   Stated                                   Purchase                    Investor                   SFR
2503208499                       3.000                   1.000                     6.000           15.500           4.125                650   SISA                                     Purchase                    Investor                   SFR
2503208509                       3.000                   1.000                     6.000           13.150           6.000                692   Stated                                   Purchase                    Investor                   D-PUDS
2503208516                       3.000                   1.000                     6.000           12.370           3.000                674   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208529                       3.000                   1.000                     6.000           13.650           3.000                674   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503208532                       3.000                   1.000                     6.000           11.900           3.000                705   Stated                                   Rate/Term Refinance         Investor                   SFR
2503208540                       0.000                   0.000                     0.000            6.000           0.000                697   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503208542                       3.000                   1.000                     6.000           13.580           3.000                662   Stated                                   Cash Out Refinance          Investor                   SFR
2503208543                       3.000                   1.000                     6.000           13.300           3.000                724   Stated                                   Purchase                    Owner Occupied             SFR
2503208548                       3.000                   1.000                     6.000           12.700           3.625                663   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208563                       0.000                   0.000                     0.000            6.680           0.000                744   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503208579                       3.000                   1.000                     6.000           12.700           3.000                721   Stated                                   Purchase                    Investor                   TOWNHOUSE
2503208580                       0.000                   0.000                     0.000            6.700           0.000                685   Stated                                   Rate/Term Refinance         Investor                   SFR
2503208585                       3.000                   1.000                     6.000           11.915           5.550                689   SISA                                     Purchase                    Owner Occupied             SFR
2503208586                       3.000                   1.000                     6.000           12.800           3.000                637   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503208589                       0.000                   0.000                     0.000            7.125           0.000                697   Stated                                   Purchase                    Investor                   SFR
2503208591                       0.000                   0.000                     0.000            7.815           0.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503208593                       0.000                   0.000                     0.000            7.190           0.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503208608                       3.000                   1.000                     6.000           12.900           3.000                717   Stated                                   Purchase                    Owner Occupied             SFR
2503208613                       0.000                   0.000                     0.000            6.150           0.000                692   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503208621                       0.000                   0.000                     0.000            7.650           0.000                660   Full                                     Purchase                    Owner Occupied             2-FAMILY
2503208622                       0.000                   0.000                     0.000            7.500           0.000                657   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208623                       0.000                   0.000                     0.000            7.625           0.000                698   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208625                       3.000                   1.000                     6.000           12.800           3.875                723   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208636                       0.000                   0.000                     0.000            6.500           0.000                720   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208660                       3.000                   1.000                     6.000           12.450           3.875                682   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503208662                       3.000                   1.000                     6.000           16.500           4.125                657   SISA                                     Purchase                    Investor                   SFR
2503208667                       0.000                   0.000                     0.000            6.625           0.000                692   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208672                       3.000                   1.000                     6.000           12.750           3.000                653   Stated                                   Purchase                    Investor                   CONDO
2503208673                       3.000                   1.000                     6.000           12.250           3.875                646   Stated                                   Purchase                    Owner Occupied             SFR
2503208676                       3.000                   1.000                     6.000           12.500           3.000                686   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503208677                       0.000                   0.000                     0.000            8.375           0.000                685   Stated                                   Rate/Term Refinance         Investor                   SFR
2503208682                       3.000                   1.000                     6.000           11.750           3.000                713   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503208699                       3.000                   1.000                     6.000           12.830           3.000                665   Stated                                   Purchase                    Owner Occupied             SFR
2503208713                       3.000                   1.000                     6.000           13.350           3.000                645   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503208714                       3.000                   1.000                     6.000           13.125           3.000                751   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503208715                       3.000                   1.000                     6.000           12.250           3.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208723                       3.000                   1.000                     6.000           15.180           4.000                631   Stated                                   Purchase                    Investor                   HI-RISE
2503208726                       3.000                   1.000                     6.000           12.875           3.000                746   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503208728                       3.000                   1.000                     6.000           14.450           3.000                651   Stated                                   Cash Out Refinance          Investor                   SFR
2503208745                       3.000                   1.000                     6.000           12.600           3.000                669   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208746                       3.000                   1.000                     6.000           13.125           3.875                682   Stated                                   Purchase                    Owner Occupied             SFR
2503208753                       0.000                   0.000                     0.000            6.375           0.000                771   Stated                                   Rate/Term Refinance         Investor                   SFR
2503208761                       3.000                   1.000                     6.000           12.750           3.000                699   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208768                       0.000                   0.000                     0.000            7.500           0.000                724   Stated                                   Cash Out Refinance          Investor                   SFR
2503208776                       3.000                   1.000                     6.000           12.125           4.000                643   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208778                       3.000                   1.000                     6.000           13.910           3.000                680   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503208796                       0.000                   0.000                     0.000            6.350           0.000                682   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208804                       3.000                   1.000                     6.000           12.375           3.000                704   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208824                       0.000                   0.000                     0.000            6.750           0.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503208826                       0.000                   0.000                     0.000            8.600           0.000                681   Full                                     Purchase                    Owner Occupied             3-FAMILY
2503208829                       0.000                   0.000                     0.000            6.750           0.000                735   Stated                                   Purchase                    Owner Occupied             SFR
2503208835                       3.000                   1.000                     6.000           11.875           3.000                722   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208842                       0.000                   0.000                     0.000            6.290           0.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208852                       3.000                   1.000                     6.000           14.500           3.875                647   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503208862                       0.000                   0.000                     0.000            7.500           0.000                716   Stated                                   Cash Out Refinance          Owner Occupied             4-FAMILY
2503208872                       3.000                   1.000                     6.000           12.375           3.000                688   Full                                     Purchase                    Owner Occupied             D-PUDS
2503208878                       3.000                   1.000                     6.000           12.300           3.000                717   Full                                     Purchase                    Owner Occupied             SFR
2503208885                       3.000                   1.000                     6.000           13.450           3.875                662   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208888                       3.000                   1.000                     6.000           13.750           3.875                673   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208897                       3.000                   1.000                     6.000           12.990           3.000                713   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503208904                       3.000                   1.000                     6.000           13.700           3.500                688   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             D-PUDS
2503208908                       3.000                   1.000                     6.000           12.450           3.000                715   Stated                                   Cash Out Refinance          Investor                   SFR
2503208918                       3.000                   1.000                     6.000           12.875           3.000                603   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503208921                       3.000                   1.000                     6.000           13.280           3.000                615   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503208923                       3.000                   1.000                     6.000           12.065           3.000                703   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503208924                       3.000                   1.000                     6.000           13.480           3.875                648   Stated                                   Purchase                    Investor                   CONDO
2503208939                       3.000                   1.000                     6.000           13.500           3.000                658   Stated                                   Purchase                    Owner Occupied             CONDO
2503208948                       3.000                   1.000                     6.000           11.750           3.000                723   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208949                       0.000                   0.000                     0.000            7.750           0.000                680   Express No Doc                           Cash Out Refinance          Owner Occupied             2-FAMILY
2503208955                       3.000                   1.000                     6.000           12.250           3.750                698   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503208961                       3.000                   1.000                     6.000           13.200           3.000                655   Stated                                   Purchase                    Owner Occupied             CONDO
2503208966                       0.000                   0.000                     0.000            6.290           0.000                752   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503208972                       3.000                   1.000                     6.000           11.999           3.000                660   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503208976                       0.000                   0.000                     0.000            6.050           0.000                776   Stated                                   Purchase                    Owner Occupied             CONDO
2503208992                       3.000                   1.000                     6.000           12.375           2.500                747   Express No Doc                           Rate/Term Refinance         Owner Occupied             SFR
2503208995                       0.000                   0.000                     0.000            6.310           0.000                685   Full                                     Purchase                    Owner Occupied             SFR
2503208997                       0.000                   0.000                     0.000            6.750           0.000                665   Stated                                   Rate/Term Refinance         Investor                   SFR
2503209003                       0.000                   0.000                     0.000            5.990           0.000                804   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209008                       3.000                   1.000                     6.000           13.125           3.000                728   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209022                       0.000                   0.000                     0.000            5.250           0.000                778   Full                                     Purchase                    Owner Occupied             CONDO
2503209032                       3.000                   1.000                     6.000           12.250           3.000                744   Stated                                   Cash Out Refinance          Investor                   SFR
2503209040                       3.000                   1.000                     6.000           13.000           3.000                794   Full                                     Rate/Term Refinance         Investor                   SFR
2503209043                       3.000                   1.000                     6.000           13.800           3.000                652   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503209046                       0.000                   0.000                     0.000            5.250           0.000                797   Full                                     Purchase                    Owner Occupied             CONDO
2503209048                       3.000                   1.000                     6.000           14.910           3.000                653   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209066                       0.000                   0.000                     0.000            6.750           0.000                646   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503209081                       3.000                   1.000                     6.000           13.100           3.000                699   Stated                                   Purchase                    Investor                   SFR
2503209089                       0.000                   0.000                     0.000            5.375           0.000                735   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503209090                       3.000                   1.000                     6.000           11.870           3.000                813   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209092                       0.000                   0.000                     0.000            6.300           0.000                707   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503209093                       3.000                   1.000                     6.000           12.120           3.000                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209095                       3.000                   1.000                     6.000           12.300           3.000                719   Stated                                   Purchase                    Owner Occupied             SFR
2503209096                       3.000                   1.000                     6.000           12.250           3.000                727   Stated                                   Purchase                    Owner Occupied             CONDO
2503209109                       3.000                   1.000                     6.000           12.100           3.000                705   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
2503209112                       3.000                   1.000                     6.000           12.250           3.000                684   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209115                       3.000                   1.000                     6.000           12.200           3.000                668   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209119                       3.000                   1.000                     6.000           11.950           3.000                757   Stated                                   Cash Out Refinance          Investor                   SFR
2503209121                       3.000                   1.000                     6.000           12.500           3.000                648   Full                                     Purchase                    Owner Occupied             SFR
2503209144                       0.000                   0.000                     0.000            6.736           0.000                690   Stated                                   Purchase                    Owner Occupied             SFR
2503209147                       0.000                   0.000                     0.000            6.625           0.000                735   Stated                                   Purchase                    Investor                   2-FAMILY
2503209154                       0.000                   0.000                     0.000            6.625           0.000                665   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209169                       0.000                   0.000                     0.000            6.375           0.000                620   Full                                     Cash Out Refinance          Owner Occupied             CONDO
2503209182                       3.000                   1.000                     6.000           12.750           3.000                669   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209184                       3.000                   1.000                     6.000           12.750           3.000                643   Stated                                   Purchase                    Owner Occupied             SFR
2503209206                       3.000                   1.000                     6.000           12.900           3.000                687   Stated                                   Rate/Term Refinance         Investor                   D-PUDS
2503209213                       0.000                   0.000                     0.000            7.250           0.000                618   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209215                       3.000                   1.000                     6.000           12.020           3.500                696   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503209216                       3.000                   1.000                     6.000           12.500           3.000                746   Stated                                   Purchase                    Owner Occupied             SFR
2503209229                       3.000                   1.000                     6.000           13.350           3.000                640   Stated                                   Purchase                    Second Home                CONDOTEL
2503209232                       0.000                   0.000                     0.000            7.090           0.000                704   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209238                       3.000                   1.000                     6.000           12.250           3.000                667   Stated                                   Cash Out Refinance          Investor                   CONDO
2503209239                       3.000                   1.000                     6.000           11.650           3.000                702   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209254                       3.000                   1.000                     6.000           13.200           3.625                735   Full                                     Purchase                    Second Home                D-PUDS
2503209266                       3.000                   1.000                     6.000           13.500           3.000                691   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503209270                       3.000                   1.000                     6.000           15.500           3.000                666   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503209275                       3.000                   1.000                     6.000           11.900           3.000                752   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209287                       3.000                   1.000                     6.000           12.690           3.000                738   Express No Doc Verified Assets           Rate/Term Refinance         Owner Occupied             SFR
2503209289                       3.000                   1.000                     6.000           11.550           3.000                741   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209300                       3.000                   1.000                     6.000           12.550           3.000                782   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
2503209302                       3.000                   1.000                     6.000           11.925           3.000                742   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209306                       0.000                   0.000                     0.000            7.750           0.000                701   Express Verified Assets                  Cash Out Refinance          Investor                   PUD
2503209312                       3.000                   1.000                     6.000           16.800           4.375                637   Stated                                   Purchase                    Investor                   SFR
2503209318                       3.000                   1.000                     6.000           12.625           3.000                626   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209336                       0.000                   0.000                     0.000            6.990           0.000                660   Express No Doc Verified Assets           Cash Out Refinance          Owner Occupied             SFR
2503209346                       0.000                   0.000                     0.000            5.990           0.000                770   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503209354                       3.000                   1.000                     6.000           11.990           3.000                755   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209362                       3.000                   1.000                     6.000           14.500           3.000                649   Stated                                   Cash Out Refinance          Investor                   SFR
2503209369                       3.000                   1.000                     6.000           11.990           3.000                703   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209370                       3.000                   1.000                     6.000           12.750           3.000                770   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503209384                       0.000                   0.000                     0.000            6.625           0.000                736   SISA                                     Cash Out Refinance          Investor                   SFR
2503209387                       3.000                   1.000                     6.000           12.250           3.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209389                       0.000                   0.000                     0.000            6.000           0.000                791   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209399                       0.000                   0.000                     0.000            6.625           0.000                736   SISA                                     Cash Out Refinance          Investor                   SFR
2503209400                       3.000                   1.000                     6.000           12.500           3.000                689   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209409                       0.000                   0.000                     0.000            6.500           0.000                739   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503209416                       3.000                   1.000                     6.000           13.300           3.000                712   Stated                                   Purchase                    Owner Occupied             SFR
2503209418                       3.000                   1.000                     6.000           12.586           3.000                726   Stated                                   Purchase                    Investor                   SFR
2503209422                       0.000                   0.000                     0.000            5.800           0.000                682   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209436                       3.000                   1.000                     6.000           12.750           3.000                659   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503209452                       3.000                   1.000                     6.000           13.425           3.000                707   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209455                       3.000                   1.000                     6.000           12.750           3.000                698   Stated                                   Purchase                    Investor                   SFR
2503209457                       3.000                   1.000                     6.000           12.625           2.750                753   Stated                                   Purchase                    Owner Occupied             SFR
2503209464                       0.000                   0.000                     0.000            6.375           0.000                728   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209471                       3.000                   1.000                     6.000           12.875           3.000                775   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
2503209474                       0.000                   0.000                     0.000            6.985           0.000                646   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209477                       3.000                   1.000                     6.000           12.750           3.000                638   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503209478                       3.000                   1.000                     6.000           12.895           3.000                668   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503209485                       0.000                   0.000                     0.000            6.375           0.000                715   Stated                                   Rate/Term Refinance         Investor                   SFR
2503209496                       3.000                   1.000                     6.000           12.750           3.000                683   Stated                                   Purchase                    Owner Occupied             SFR
2503209498                       3.000                   1.000                     6.000           14.290           3.000                675   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503209504                       3.000                   1.000                     6.000           12.613           3.000                716   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209508                       3.000                   1.000                     6.000           12.750           3.000                650   Stated                                   Purchase                    Investor                   SFR
2503209515                       3.000                   1.000                     6.000           12.850           3.500                628   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503209523                       3.000                   1.000                     6.000           12.880           3.000                759   Stated                                   Purchase                    Owner Occupied             SFR
2503209535                       3.000                   1.000                     6.000           12.750           3.875                700   Stated                                   Purchase                    Owner Occupied             CONDO
2503209557                       0.000                   0.000                     0.000            5.800           0.000                802   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209558                       3.000                   1.000                     6.000           12.900           3.000                758   Stated                                   Purchase                    Investor                   SFR
2503209564                       0.000                   0.000                     0.000            6.000           0.000                693   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209587                       3.000                   1.000                     6.000           12.900           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503209607                       3.000                   1.000                     6.000           12.690           3.000                686   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503209610                       0.000                   0.000                     0.000            6.375           0.000                636   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209615                       0.000                   0.000                     0.000            6.400           0.000                618   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209632                       3.000                   1.000                     6.000           13.125           3.000                648   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503209633                       3.000                   1.000                     6.000           13.133           3.000                625   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209641                       3.000                   1.000                     6.000           13.280           3.000                705   Stated                                   Purchase                    Owner Occupied             CONDO
2503209646                       3.000                   1.000                     6.000           13.080           3.000                643   Stated                                   Cash Out Refinance          Investor                   PUD
2503209661                       3.000                   1.000                     6.000           12.900           3.000                701   SISA                                     Cash Out Refinance          Investor                   SFR
2503209673                       3.000                   1.000                     6.000           12.490           3.500                613   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503209675                       0.000                   0.000                     0.000            5.990           0.000                750   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209685                       3.000                   1.000                     6.000           14.780           4.375                634   SISA                                     Purchase                    Owner Occupied             SFR
2503209701                       3.000                   1.000                     6.000           14.400           3.000                667   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
2503209708                       0.000                   0.000                     0.000            6.250           0.000                790   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209716                       3.000                   1.000                     6.000           13.365           3.000                661   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503209737                       0.000                   0.000                     0.000            6.513           0.000                726   Stated                                   Purchase                    Investor                   2-FAMILY
2503209739                       3.000                   1.000                     6.000           12.650           3.875                670   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209740                       3.000                   1.000                     6.000           12.363           3.000                645   Stated                                   Purchase                    Owner Occupied             SFR
2503209742                       3.000                   1.000                     6.000           12.250           3.000                716   Stated                                   Rate/Term Refinance         Investor                   SFR
2503209749                       3.000                   1.000                     6.000           13.240           3.000                680   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209755                       3.000                   1.000                     6.000           12.250           3.500                701   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503209756                       3.000                   1.000                     6.000           13.350           3.000                643   Stated                                   Purchase                    Owner Occupied             SFR
2503209765                       3.000                   1.000                     6.000           12.131           3.000                737   Stated                                   Rate/Term Refinance         Second Home                SFR
2503209773                       3.000                   1.000                     6.000           12.620           3.000                719   Express Verified Assets                  Cash Out Refinance          Investor                   2-FAMILY
2503209780                       3.000                   1.000                     6.000           12.700           3.000                656   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
2503209786                       3.000                   1.000                     6.000           13.375           3.000                669   Stated                                   Cash Out Refinance          Owner Occupied             HI-RISE
2503209787                       3.000                   1.000                     6.000           12.500           3.000                672   Stated                                   Purchase                    Owner Occupied             SFR
2503209818                       3.000                   1.000                     6.000           12.500           3.000                766   Stated                                   Purchase                    Owner Occupied             SFR
2503209832                       0.000                   0.000                     0.000            7.625           0.000                700   Full                                     Purchase                    Investor                   D-PUDS
2503209839                       0.000                   0.000                     0.000            7.125           0.000                752   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503209843                       3.000                   1.000                     6.000           13.500           6.500                692   Stated                                   Purchase                    Owner Occupied             PUD
2503209854                       0.000                   0.000                     0.000            6.500           0.000                682   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209864                       3.000                   1.000                     6.000           12.125           3.000                679   Full                                     Rate/Term Refinance         Owner Occupied             D-PUDS
2503209866                       0.000                   0.000                     0.000            7.150           0.000                725   Stated                                   Purchase                    Owner Occupied             CONDO
2503209874                       0.000                   0.000                     0.000            6.500           0.000                718   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503209880                       3.000                   1.000                     6.000           12.550           3.000                639   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209881                       0.000                   0.000                     0.000            6.280           0.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503209883                       3.000                   1.000                     6.000           13.000           3.000                637   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503209889                       3.000                   1.000                     6.000           12.900           3.000                677   Stated                                   Purchase                    Owner Occupied             CONDO
2503209891                       0.000                   0.000                     0.000            7.250           0.000                687   Express Verified Assets                  Cash Out Refinance          Owner Occupied             2-FAMILY
2503209896                       0.000                   0.000                     0.000            6.150           0.000                605   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209907                       0.000                   0.000                     0.000            6.750           0.000                660   Stated                                   Purchase                    Owner Occupied             CONDO
2503209931                       3.000                   1.000                     6.000           13.750           3.875                647   Stated                                   Purchase                    Owner Occupied             CONDO
2503209937                       3.000                   1.000                     6.000           11.800           3.000                730   Stated                                   Cash Out Refinance          Investor                   SFR
2503209942                       3.000                   1.000                     6.000           12.550           3.000                662   Stated                                   Purchase                    Owner Occupied             SFR
2503209945                       3.000                   1.000                     6.000           11.950           3.000                757   Stated                                   Cash Out Refinance          Investor                   SFR
2503209958                       3.000                   1.000                     6.000           11.825           3.000                717   Express Verified Assets                  Rate/Term Refinance         Investor                   CONDO
2503209971                       3.000                   1.000                     6.000           12.400           3.000                691   Stated                                   Purchase                    Investor                   PUD
2503209975                       3.000                   1.000                     6.000           12.550           4.000                782   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503209984                       3.000                   1.000                     6.000           11.825           3.000                680   Stated                                   Purchase                    Owner Occupied             SFR
2503209992                       0.000                   0.000                     0.000            6.250           0.000                746   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209994                       3.000                   1.000                     6.000           12.875           3.000                686   Stated                                   Purchase                    Owner Occupied             SFR
2503209998                       3.000                   1.000                     6.000           12.875           3.000                689   Stated                                   Purchase                    Owner Occupied             SFR
2503210000                       0.000                   0.000                     0.000            6.250           0.000                687   Express Non-Verified Assets              Rate/Term Refinance         Owner Occupied             SFR
2503210002                       3.000                   1.000                     6.000           12.750           3.000                772   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503210019                       0.000                   0.000                     0.000            6.550           0.000                670   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210030                       3.000                   1.000                     6.000           12.300           3.000                687   Stated                                   Purchase                    Owner Occupied             CONDO
2503210031                       3.000                   1.000                     6.000           12.400           3.000                762   Full                                     Cash Out Refinance          Investor                   CONDO
2503210042                       3.000                   1.000                     6.000           11.600           3.875                775   Full                                     Rate/Term Refinance         Investor                   D-PUDS
2503210043                       0.000                   0.000                     0.000            6.750           0.000                757   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503210044                       0.000                   0.000                     0.000            6.050           0.000                780   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210061                       0.000                   0.000                     0.000            6.750           0.000                622   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503210069                       0.000                   0.000                     0.000            6.125           0.000                686   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503210072                       0.000                   0.000                     0.000            6.375           0.000                751   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
2503210077                       3.000                   1.000                     6.000           13.400           3.000                665   Stated                                   Purchase                    Investor                   SFR
2503210078                       3.000                   1.000                     6.000           11.875           3.000                654   Stated                                   Purchase                    Owner Occupied             SFR
2503210097                       3.000                   1.000                     6.000           12.800           3.875                724   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503210111                       0.000                   0.000                     0.000            6.290           0.000                757   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503210121                       0.000                   0.000                     0.000            6.125           0.000                719   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210125                       3.000                   1.000                     6.000           13.990           3.000                646   Full                                     Purchase                    Owner Occupied             4-FAMILY
2503210134                       3.000                   1.000                     6.000           12.875           3.875                702   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210138                       3.000                   1.000                     6.000           12.875           3.000                662   Stated                                   Cash Out Refinance          Investor                   CONDO
2503210140                       3.000                   1.000                     6.000           14.990           3.875                758   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503210142                       0.000                   0.000                     0.000            7.000           0.000                776   Stated                                   Cash Out Refinance          Investor                   SFR
2503210147                       3.000                   1.000                     6.000           11.790           3.875                740   Stated                                   Purchase                    Owner Occupied             SFR
2503210159                       3.000                   1.000                     6.000           12.875           3.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503210184                       3.000                   1.000                     6.000           12.990           3.000                665   Stated                                   Purchase                    Owner Occupied             SFR
2503210189                       3.000                   1.000                     6.000           13.500           3.000                736   Stated                                   Purchase                    Investor                   2-FAMILY
2503210190                       3.000                   1.000                     6.000           12.400           3.000                657   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210210                       0.000                   0.000                     0.000           10.150           0.000                711   SISA                                     Purchase                    Investor                   2-FAMILY
2503210212                       3.000                   1.000                     6.000           12.650           4.000                627   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210217                       3.000                   1.000                     6.000           13.000           3.000                716   Full                                     Purchase                    Second Home                SFR
2503210231                       0.000                   0.000                     0.000            6.250           0.000                780   Stated                                   Purchase                    Owner Occupied             SFR
2503210233                       3.000                   1.000                     6.000           13.250           3.000                690   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210243                       3.000                   1.000                     6.000           12.375           3.000                682   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210257                       3.000                   1.000                     6.000           13.850           3.000                663   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503210268                       3.000                   1.000                     6.000           14.950           3.875                643   Stated                                   Purchase                    Investor                   SFR
2503210275                       3.000                   1.000                     6.000           12.500           3.000                690   Stated                                   Purchase                    Owner Occupied             SFR
2503210287                       3.000                   1.000                     6.000           12.400           3.000                784   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503210288                       0.000                   0.000                     0.000            6.875           0.000                757   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210293                       3.000                   1.000                     6.000           13.070           3.000                676   Stated                                   Purchase                    Investor                   CONDO
2503210296                       3.000                   1.000                     6.000           13.250           4.610                641   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210297                       3.000                   1.000                     6.000           12.500           3.875                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210303                       3.000                   1.000                     6.000           12.945           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
2503210320                       3.000                   1.000                     6.000           12.250           3.875                646   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210342                       0.000                   0.000                     0.000            7.040           0.000                701   Stated                                   Purchase                    Owner Occupied             CONDO
2503210346                       3.000                   1.000                     6.000           12.800           3.875                728   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503210348                       3.000                   1.000                     6.000           12.450           3.000                687   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503210350                       3.000                   1.000                     6.000           12.450           3.875                760   Stated                                   Purchase                    Owner Occupied             SFR
2503210365                       0.000                   0.000                     0.000            5.930           0.000                721   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503210377                       0.000                   0.000                     0.000            6.550           0.000                658   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503210390                       0.000                   0.000                     0.000            6.475           0.000                704   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210391                       0.000                   0.000                     0.000            6.355           0.000                698   Stated                                   Cash Out Refinance          Investor                   SFR
2503210393                       3.000                   1.000                     6.000           13.450           3.875                653   Stated                                   Purchase                    Owner Occupied             SFR
2503210404                       3.000                   1.000                     6.000           11.990           3.000                755   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503210406                       3.000                   1.000                     6.000           12.990           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503210409                       3.000                   1.000                     6.000           11.575           3.000                806   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503210421                       0.000                   0.000                     0.000            6.150           0.000                644   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503210445                       0.000                   0.000                     0.000            5.534           0.000                672   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503210451                       3.000                   1.000                     6.000           13.500           3.000                678   Stated                                   Purchase                    Owner Occupied             SFR
2503210457                       0.000                   0.000                     0.000            6.750           0.000                714   Stated                                   Purchase                    Owner Occupied             CONDO
2503210458                       3.000                   1.000                     6.000           11.909           3.000                767   Express Non-Verified Assets              Cash Out Refinance          Investor                   SFR
2503210465                       3.000                   1.000                     6.000           13.000           3.000                647   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503210469                       0.000                   0.000                     0.000            6.500           0.000                673   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503210487                       3.000                   1.000                     6.000           12.495           3.000                754   Stated                                   Purchase                    Investor                   SFR
2503210493                       3.000                   1.000                     6.000           11.800           3.000                692   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503210503                       3.000                   1.000                     6.000           11.875           3.875                788   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503210505                       3.000                   1.000                     6.000           12.750           3.000                688   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
2503210511                       3.000                   1.000                     6.000           12.375           3.000                708   Stated                                   Cash Out Refinance          Investor                   TOWNHOUSE
2503210520                       3.000                   1.000                     6.000           12.875           3.875                660   Stated                                   Purchase                    Owner Occupied             SFR
2503210527                       0.000                   0.000                     0.000            6.150           0.000                730   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503210533                       3.000                   1.000                     6.000           12.500           3.000                720   Stated                                   Purchase                    Owner Occupied             PUD
2503210540                       3.000                   1.000                     6.000           13.330           3.000                678   Stated                                   Purchase                    Investor                   SFR
2503210546                       3.000                   1.000                     6.000           13.480           3.000                644   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503210555                       3.000                   1.000                     6.000           12.500           3.000                702   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503210561                       3.000                   1.000                     6.000           12.900           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
2503210570                       0.000                   0.000                     0.000            6.990           0.000                619   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503210572                       0.000                   0.000                     0.000            6.600           0.000                757   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210577                       3.000                   1.000                     6.000           11.990           3.875                731   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210579                       3.000                   1.000                     6.000           13.125           3.000                726   Stated                                   Cash Out Refinance          Investor                   SFR
2503210597                       3.000                   1.000                     6.000           12.750           3.000                731   Stated                                   Purchase                    Owner Occupied             CONDO
2503210609                       3.000                   1.000                     6.000           11.125           3.000                772   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503210623                       0.000                   0.000                     0.000            6.125           0.000                736   Full                                     Rate/Term Refinance         Investor                   CONDO
2503210625                       3.000                   1.000                     6.000           14.900           3.650                742   SISA                                     Purchase                    Investor                   SFR
2503210637                       3.000                   1.000                     6.000           12.734           3.000                693   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503210640                       3.000                   1.000                     6.000           11.900           3.875                731   Stated                                   Cash Out Refinance          Investor                   SFR
2503210648                       3.000                   1.000                     6.000           13.500           3.000                671   Stated                                   Purchase                    Owner Occupied             SFR
2503210666                       3.000                   1.000                     6.000           14.410           4.000                620   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503210668                       3.000                   1.000                     6.000           12.750           3.000                740   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210672                       3.000                   1.000                     6.000           12.680           3.000                722   Stated                                   Purchase                    Owner Occupied             CONDO
2503210674                       3.000                   1.000                     6.000           12.370           3.000                705   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210691                       3.000                   1.000                     6.000           12.550           3.875                691   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210693                       3.000                   1.000                     6.000           11.875           3.000                770   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210707                       0.000                   0.000                     0.000            6.250           0.000                741   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210718                       0.000                   0.000                     0.000            6.175           0.000                671   Express Verified Assets                  Purchase                    Owner Occupied             SFR
2503210722                       3.000                   1.000                     6.000           12.375           3.000                713   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210726                       3.000                   1.000                     6.000           11.950           3.875                639   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503210732                       3.000                   1.000                     6.000           12.500           3.000                682   Stated                                   Purchase                    Owner Occupied             CONDO
2503210746                       3.000                   1.000                     6.000           12.175           3.000                791   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210757                       3.000                   1.000                     6.000           12.250           3.750                694   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503210765                       3.000                   1.000                     6.000           13.800           3.000                708   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503210767                       3.000                   1.000                     6.000           12.650           3.875                672   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503210789                       0.000                   0.000                     0.000            7.160           0.000                791   Stated                                   Purchase                    Owner Occupied             SFR
2503210791                       3.000                   1.000                     6.000           12.500           3.000                640   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
2503210806                       0.000                   0.000                     0.000            5.890           0.000                786   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210816                       3.000                   1.000                     6.000           12.500           3.000                682   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503210826                       3.000                   1.000                     6.000           12.375           3.875                738   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503210828                       3.000                   1.000                     6.000           14.450           3.000                652   Stated                                   Purchase                    Owner Occupied             CONDO
2503210856                       0.000                   0.000                     0.000            6.250           0.000                641   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210859                       3.000                   1.000                     6.000           13.500           3.875                669   Stated                                   Purchase                    Owner Occupied             SFR
2503210865                       3.000                   1.000                     6.000           12.750           3.000                672   Stated                                   Purchase                    Owner Occupied             SFR
2503210875                       0.000                   0.000                     0.000            6.950           0.000                712   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503210896                       3.000                   1.000                     6.000           13.000           3.000                690   Stated                                   Purchase                    Owner Occupied             CONDO
2503210912                       3.000                   1.000                     6.000           12.780           3.875                660   Stated                                   Purchase                    Owner Occupied             SFR
2503210937                       3.000                   1.000                     6.000           12.820           3.000                720   Stated                                   Purchase                    Owner Occupied             CONDO
2503210939                       3.000                   1.000                     6.000           12.425           3.875                656   Stated                                   Purchase                    Owner Occupied             SFR
2503210944                       0.000                   0.000                     0.000            7.990           0.000                674   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210949                       0.000                   0.000                     0.000            5.875           0.000                770   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503210951                       3.000                   1.000                     6.000           13.000           3.000                692   Stated                                   Purchase                    Owner Occupied             SFR
2503210957                       3.000                   1.000                     6.000           12.875           3.875                749   Stated                                   Purchase                    Investor                   SFR
2503210968                       3.000                   1.000                     6.000           13.250           3.000                625   Stated                                   Cash Out Refinance          Investor                   CONDO
2503210983                       0.000                   0.000                     0.000            5.990           0.000                746   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503211011                       3.000                   1.000                     6.000           12.860           3.000                662   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503211018                       3.000                   1.000                     6.000           12.990           3.000                627   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211019                       3.000                   1.000                     6.000           13.412           3.000                648   Stated                                   Purchase                    Owner Occupied             CONDO
2503211025                       0.000                   0.000                     0.000            7.875           0.000                697   Stated                                   Cash Out Refinance          Investor                   SFR
2503211040                       0.000                   0.000                     0.000            6.500           0.000                720   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211041                       3.000                   1.000                     6.000           12.325           3.000                706   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503211057                       3.000                   1.000                     6.000           13.320           3.875                664   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503211061                       3.000                   1.000                     6.000           11.715           3.000                795   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503211067                       3.000                   1.000                     6.000           13.250           3.000                659   Stated                                   Rate/Term Refinance         Investor                   SFR
2503211078                       0.000                   0.000                     0.000            5.750           0.000                655   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503211085                       0.000                   0.000                     0.000            6.625           0.000                683   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503211088                       0.000                   0.000                     0.000            6.750           0.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211096                       3.000                   1.000                     6.000           12.500           3.875                636   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503211119                       3.000                   1.000                     6.000           13.250           3.000                698   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503211121                       3.000                   1.000                     6.000           15.500           3.625                758   Stated                                   Purchase                    Investor                   SFR
2503211137                       3.000                   1.000                     6.000           12.350           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503211140                       3.000                   1.000                     6.000           13.500           3.000                688   Stated                                   Purchase                    Owner Occupied             SFR
2503211158                       0.000                   0.000                     0.000            7.750           0.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211161                       3.000                   1.000                     6.000           13.000           3.500                634   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503211166                       0.000                   0.000                     0.000            5.990           0.000                698   Express No Doc Verified Assets           Rate/Term Refinance         Owner Occupied             SFR
2503211168                       3.000                   1.000                     6.000           12.240           3.000                656   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211173                       3.000                   1.000                     6.000           11.800           3.000                802   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211178                       3.000                   1.000                     6.000           13.250           4.000                662   Stated                                   Purchase                    Owner Occupied             SFR
2503211184                       3.000                   1.000                     6.000           12.200           3.000                688   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211195                       3.000                   1.000                     6.000           12.950           3.000                657   Stated                                   Purchase                    Owner Occupied             SFR
2503211210                       3.000                   1.000                     6.000           13.250           3.000                747   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211225                       3.000                   1.000                     6.000           12.180           3.000                710   Full                                     Cash Out Refinance          Investor                   SFR
2503211229                       3.000                   1.000                     6.000           14.160           3.000                670   SISA                                     Rate/Term Refinance         Owner Occupied             CONDO
2503211239                       3.000                   1.000                     6.000           12.875           3.000                633   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503211240                       3.000                   1.000                     6.000           12.875           3.000                706   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503211251                       3.000                   1.000                     6.000           12.400           3.000                696   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211285                       3.000                   1.000                     6.000           11.990           3.000                641   Stated                                   Purchase                    Owner Occupied             SFR
2503211287                       3.000                   1.000                     6.000           13.500           4.000                685   Stated                                   Cash Out Refinance          Second Home                SFR
2503211306                       0.000                   0.000                     0.000            6.250           0.000                643   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503211336                       3.000                   1.000                     6.000           13.200           3.000                757   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211337                       0.000                   0.000                     0.000            5.875           0.000                671   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211341                       3.000                   1.000                     6.000           11.600           3.000                805   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211358                       3.000                   1.000                     6.000           12.399           3.000                671   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211369                       0.000                   0.000                     0.000            5.990           0.000                799   Stated                                   Cash Out Refinance          Investor                   SFR
2503211371                       3.000                   1.000                     6.000           11.750           3.000                735   Stated                                   Purchase                    Owner Occupied             SFR
2503211372                       0.000                   0.000                     0.000            6.125           0.000                751   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503211411                       3.000                   1.000                     6.000           13.600           3.000                758   Stated                                   Rate/Term Refinance         Investor                   3-FAMILY
2503211421                       3.000                   1.000                     6.000           12.500           3.500                719   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503211423                       3.000                   1.000                     6.000           12.663           3.000                659   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503211424                       3.000                   1.000                     6.000           13.810           3.000                778   Stated                                   Purchase                    Owner Occupied             SFR
2503211434                       3.000                   1.000                     6.000           12.750           3.000                642   Stated                                   Purchase                    Owner Occupied             SFR
2503211439                       3.000                   1.000                     6.000           12.400           3.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211441                       3.000                   1.000                     6.000           12.000           3.000                754   Stated                                   Cash Out Refinance          Investor                   SFR
2503211442                       0.000                   0.000                     0.000            6.250           0.000                806   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503211445                       3.000                   1.000                     6.000           13.500           3.000                676   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503211454                       3.000                   1.000                     6.000           13.150           3.000                700   Stated                                   Purchase                    Owner Occupied             SFR
2503211482                       3.000                   1.000                     6.000           12.490           3.000                679   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503211484                       3.000                   1.000                     6.000           13.380           3.000                678   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503211486                       3.000                   1.000                     6.000           13.760           3.000                671   Stated                                   Purchase                    Owner Occupied             CONDO
2503211494                       0.000                   0.000                     0.000            7.700           0.000                732   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211517                       3.000                   1.000                     6.000           13.030           3.000                601   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211551                       3.000                   1.000                     6.000           13.125           3.000                663   Full                                     Purchase                    Owner Occupied             CONDO
2503211552                       0.000                   0.000                     0.000            6.375           0.000                749   Stated                                   Rate/Term Refinance         Investor                   4-FAMILY
2503211555                       3.000                   1.000                     6.000           12.740           3.000                659   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503211560                       0.000                   0.000                     0.000            6.250           0.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503211571                       0.000                   0.000                     0.000            8.750           0.000                659   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211577                       0.000                   0.000                     0.000            7.250           0.000                664   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503211587                       0.000                   0.000                     0.000            6.375           0.000                786   SISA                                     Purchase                    Second Home                SFR
2503211595                       3.000                   1.000                     6.000           12.500           3.000                701   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503211609                       3.000                   1.000                     6.000           11.875           3.000                787   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503211614                       3.000                   1.000                     6.000           15.163           3.750                682   SISA                                     Purchase                    Investor                   SFR
2503211619                       0.000                   0.000                     0.000            6.350           0.000                807   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503211630                       3.000                   1.000                     6.000           12.875           3.000                623   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503211632                       0.000                   0.000                     0.000            6.750           0.000                664   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503211640                       0.000                   0.000                     0.000            5.927           0.000                760   Express Verified Assets                  Purchase                    Owner Occupied             D-PUDS
2503211651                       0.000                   0.000                     0.000            6.375           0.000                730   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503211664                       3.000                   1.000                     6.000           13.705           3.875                668   SISA                                     Cash Out Refinance          Investor                   SFR
2503211665                       0.000                   0.000                     0.000            6.500           0.000                677   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211666                       3.000                   1.000                     6.000           12.690           3.000                679   Stated                                   Cash Out Refinance          Investor                   SFR
2503211673                       3.000                   1.000                     6.000           12.125           3.000                764   Stated                                   Rate/Term Refinance         Investor                   SFR
2503211676                       0.000                   0.000                     0.000            5.990           0.000                683   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211685                       0.000                   0.000                     0.000            6.750           0.000                690   Stated                                   Purchase                    Investor                   SFR
2503211688                       0.000                   0.000                     0.000            6.750           0.000                716   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211714                       3.000                   1.000                     6.000           13.400           3.000                629   Stated                                   Purchase                    Owner Occupied             SFR
2503211736                       3.000                   1.000                     6.000           12.000           3.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503211750                       3.000                   1.000                     6.000           11.990           3.000                709   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211764                       3.000                   1.000                     6.000           12.125           3.000                651   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211770                       3.000                   1.000                     6.000           12.000           3.875                722   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503211778                       3.000                   1.000                     6.000           12.250           3.000                772   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503211783                       3.000                   1.000                     6.000           11.600           3.000                785   Stated                                   Purchase                    Owner Occupied             SFR
2503211788                       3.000                   1.000                     6.000           13.150           3.000                643   Stated                                   Purchase                    Owner Occupied             SFR
2503211791                       0.000                   0.000                     0.000            6.250           0.000                661   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503211813                       3.000                   1.000                     6.000           12.950           3.000                662   Stated                                   Cash Out Refinance          Investor                   SFR
2503211826                       3.000                   1.000                     6.000           12.875           3.000                738   Stated                                   Rate/Term Refinance         Investor                   4-FAMILY
2503211835                       0.000                   0.000                     0.000            6.750           0.000                744   Stated                                   Cash Out Refinance          Investor                   SFR
2503211849                       3.000                   1.000                     6.000           12.990           3.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503211861                       3.000                   1.000                     6.000           14.250           3.000                665   Stated                                   Purchase                    Investor                   2-FAMILY
2503211862                       3.000                   1.000                     6.000           11.875           3.875                725   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503211876                       0.000                   0.000                     0.000            7.250           0.000                762   Stated                                   Rate/Term Refinance         Investor                   SFR
2503211884                       3.000                   1.000                     6.000           13.510           3.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503211890                       3.000                   1.000                     6.000           11.625           3.875                763   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503211897                       0.000                   0.000                     0.000            6.400           0.000                710   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503211911                       3.000                   1.000                     6.000           12.750           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503211913                       3.000                   1.000                     6.000           11.875           3.000                686   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503211922                       0.000                   0.000                     0.000            6.250           0.000                692   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503211924                       0.000                   0.000                     0.000            6.875           0.000                718   Stated                                   Purchase                    Investor                   D-PUDS
2503211927                       0.000                   0.000                     0.000            6.500           0.000                696   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503211931                       0.000                   0.000                     0.000            5.799           0.000                808   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503211939                       3.000                   1.000                     6.000           13.250           3.000                715   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503211953                       3.000                   1.000                     6.000           12.250           3.000                756   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211957                       3.000                   1.000                     6.000           11.875           3.000                665   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             2-FAMILY
2503211961                       0.000                   0.000                     0.000            6.500           0.000                787   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503211965                       3.000                   1.000                     6.000           13.125           3.875                783   Stated                                   Purchase                    Owner Occupied             SFR
2503211975                       0.000                   0.000                     0.000            6.250           0.000                737   Stated                                   Cash Out Refinance          Investor                   PUD
2503211976                       0.000                   0.000                     0.000            6.875           0.000                689   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503211977                       0.000                   0.000                     0.000            5.750           0.000                705   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211986                       3.000                   1.000                     6.000           12.500           3.000                709   Stated                                   Purchase                    Investor                   CONDO
2503211987                       3.000                   1.000                     6.000           11.990           3.250                638   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212006                       3.000                   1.000                     6.000           12.650           3.000                757   Stated                                   Rate/Term Refinance         Investor                   SFR
2503212011                       0.000                   0.000                     0.000            6.250           0.000                701   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503212016                       3.000                   1.000                     6.000           12.625           3.000                768   Stated                                   Purchase                    Investor                   HI-RISE
2503212021                       3.000                   1.000                     6.000           11.250           3.000                723   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212024                       3.000                   1.000                     6.000           13.750           3.625                723   Stated                                   Rate/Term Refinance         Investor                   SFR
2503212047                       3.000                   1.000                     6.000           12.225           3.000                708   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212049                       3.000                   1.000                     6.000           11.930           3.000                713   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212052                       3.000                   1.000                     6.000           12.375           3.000                701   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503212065                       3.000                   1.000                     6.000           12.500           3.875                652   Stated                                   Purchase                    Owner Occupied             SFR
2503212092                       3.000                   1.000                     6.000           11.875           3.000                802   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212098                       3.000                   1.000                     6.000           13.000           3.000                641   Stated                                   Purchase                    Owner Occupied             SFR
2503212114                       0.000                   0.000                     0.000            8.090           0.000                695   Express No Doc Verified Assets           Purchase                    Owner Occupied             SFR
2503212117                       0.000                   0.000                     0.000            6.250           0.000                776   SISA                                     Cash Out Refinance          Investor                   2-FAMILY
2503212123                       0.000                   0.000                     0.000            7.650           0.000                649   Stated                                   Purchase                    Owner Occupied             SFR
2503212168                       0.000                   0.000                     0.000            6.250           0.000                680   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503212176                       3.000                   1.000                     6.000           14.875           3.875                605   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503212179                       0.000                   0.000                     0.000            6.125           0.000                643   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212190                       3.000                   1.000                     6.000           11.990           3.000                668   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212204                       0.000                   0.000                     0.000            8.000           0.000                769   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
2503212205                       3.000                   1.000                     6.000           12.500           3.000                689   Stated                                   Purchase                    Owner Occupied             SFR
2503212207                       3.000                   1.000                     6.000           11.950           3.875                713   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503212211                       3.000                   1.000                     6.000           12.900           3.000                678   Stated                                   Purchase                    Investor                   CONDO
2503212213                       0.000                   0.000                     0.000            6.250           0.000                710   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503212227                       3.000                   1.000                     6.000           12.450           3.000                748   Stated                                   Rate/Term Refinance         Owner Occupied             3-FAMILY
2503212233                       3.000                   1.000                     6.000           13.550           3.000                682   Stated                                   Purchase                    Owner Occupied             SFR
2503212242                       3.000                   1.000                     6.000           13.250           3.000                718   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212244                       0.000                   0.000                     0.000            7.200           0.000                682   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212245                       3.000                   1.000                     6.000           13.250           3.000                630   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212253                       3.000                   1.000                     6.000           11.500           3.000                737   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503212255                       0.000                   0.000                     0.000            7.875           0.000                697   Stated                                   Cash Out Refinance          Investor                   SFR
2503212260                       0.000                   0.000                     0.000            6.700           0.000                694   Stated                                   Purchase                    Owner Occupied             SFR
2503212268                       3.000                   1.000                     6.000           11.990           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503212274                       3.000                   1.000                     6.000           13.280           3.000                801   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503212310                       3.000                   1.000                     6.000           12.430           3.875                706   Stated                                   Purchase                    Owner Occupied             SFR
2503212312                       3.000                   1.000                     6.000           11.990           3.000                716   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503212319                       3.000                   1.000                     6.000           11.450           3.000                689   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503212327                       3.000                   1.000                     6.000           12.100           3.875                666   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212330                       3.000                   1.000                     6.000           13.550           3.000                651   Stated                                   Purchase                    Owner Occupied             SFR
2503212333                       3.000                   1.000                     6.000           12.775           3.000                718   Stated                                   Purchase                    Investor                   SFR
2503212334                       3.000                   1.000                     6.000           12.850           3.000                700   Stated                                   Rate/Term Refinance         Investor                   SFR
2503212343                       3.000                   1.000                     6.000           11.875           3.000                770   Stated                                   Cash Out Refinance          Investor                   CONDO
2503212350                       0.000                   0.000                     0.000            6.660           0.000                666   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212351                       3.000                   1.000                     6.000           11.500           3.000                776   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503212366                       3.000                   1.000                     6.000           14.250           3.875                713   Express Non-Verified Assets              Purchase                    Investor                   4-FAMILY
2503212375                       3.000                   1.000                     6.000           12.650           3.000                672   Stated                                   Purchase                    Owner Occupied             SFR
2503212387                       3.000                   1.000                     6.000           12.050           3.000                713   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212401                       3.000                   1.000                     6.000           13.200           3.000                676   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503212425                       0.000                   0.000                     0.000            6.250           0.000                683   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212436                       3.000                   1.000                     6.000           11.870           3.000                732   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212439                       0.000                   0.000                     0.000            6.490           0.000                685   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503212450                       3.000                   1.000                     6.000           12.990           3.000                678   Stated                                   Purchase                    Owner Occupied             SFR
2503212456                       3.000                   1.000                     6.000           12.250           3.000                677   Stated                                   Purchase                    Owner Occupied             SFR
2503212457                       0.000                   0.000                     0.000            6.956           0.000                717   Express No Doc                           Cash Out Refinance          Owner Occupied             PUD
2503212466                       3.000                   1.000                     6.000           12.555           3.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503212475                       3.000                   1.000                     6.000           12.750           3.000                671   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503212498                       3.000                   1.000                     6.000           12.125           3.875                706   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212532                       3.000                   1.000                     6.000           11.950           3.000                763   Stated                                   Purchase                    Owner Occupied             SFR
2503212542                       3.000                   1.000                     6.000           12.650           3.000                689   Stated                                   Purchase                    Owner Occupied             SFR
2503212549                       0.000                   0.000                     0.000            5.875           0.000                724   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212563                       3.000                   1.000                     6.000           12.470           3.000                741   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503212582                       0.000                   0.000                     0.000            5.890           0.000                712   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212586                       3.000                   1.000                     6.000           13.460           3.000                703   Stated                                   Purchase                    Investor                   SFR
2503212587                       3.000                   1.000                     6.000           13.990           3.000                730   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503212611                       3.000                   1.000                     6.000           12.983           3.000                679   Stated                                   Purchase                    Investor                   2-FAMILY
2503212617                       3.000                   1.000                     6.000           13.350           3.000                668   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212623                       3.000                   1.000                     6.000           11.850           3.000                745   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212630                       3.000                   1.000                     6.000           12.550           3.000                666   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503212638                       3.000                   1.000                     6.000           12.125           3.000                713   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212647                       3.000                   1.000                     6.000           12.625           3.000                619   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503212649                       0.000                   0.000                     0.000            6.500           0.000                730   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212651                       3.000                   1.000                     6.000           13.100           3.000                666   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212655                       3.000                   1.000                     6.000           12.750           3.000                663   Stated                                   Purchase                    Owner Occupied             SFR
2503212677                       3.000                   1.000                     6.000           13.030           3.875                652   Stated                                   Purchase                    Owner Occupied             SFR
2503212679                       0.000                   0.000                     0.000            6.675           0.000                716   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503212685                       0.000                   0.000                     0.000            5.750           0.000                799   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503212691                       3.000                   1.000                     6.000           12.550           3.000                610   Stated                                   Cash Out Refinance          Investor                   SFR
2503212698                       3.000                   1.000                     6.000           12.500           3.000                698   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212699                       3.000                   1.000                     6.000           12.500           3.000                737   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212712                       0.000                   0.000                     0.000            5.843           0.000                626   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212713                       0.000                   0.000                     0.000            6.875           0.000                639   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212716                       3.000                   1.000                     6.000           12.500           3.000                782   Stated                                   Purchase                    Owner Occupied             SFR
2503212723                       0.000                   0.000                     0.000            5.529           0.000                731   Full                                     Purchase                    Owner Occupied             SFR
2503212725                       3.000                   1.000                     6.000           13.500           3.000                668   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503212727                       3.000                   1.000                     6.000           12.875           3.875                702   Stated                                   Rate/Term Refinance         Second Home                2-FAMILY
2503212730                       3.000                   1.000                     6.000           11.750           3.000                752   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212744                       3.000                   1.000                     6.000           12.740           3.000                685   Stated                                   Purchase                    Owner Occupied             SFR
2503212750                       3.000                   1.000                     6.000           11.950           3.000                687   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503212767                       3.000                   1.000                     6.000           12.450           3.875                670   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212783                       3.000                   1.000                     6.000           14.000           4.040                647   Stated                                   Purchase                    Owner Occupied             SFR
2503212789                       3.000                   1.000                     6.000           11.950           3.000                682   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212811                       0.000                   0.000                     0.000            7.100           0.000                778   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503212821                       0.000                   0.000                     0.000            5.875           0.000                681   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212829                       3.000                   1.000                     6.000           11.800           3.000                765   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212852                       3.000                   1.000                     6.000           12.250           3.875                684   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212855                       3.000                   1.000                     6.000           12.875           3.000                640   Full                                     Purchase                    Second Home                CONDO
2503212900                       0.000                   0.000                     0.000            6.875           0.000                701   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212902                       3.000                   1.000                     6.000           12.780           3.875                654   SISA                                     Cash Out Refinance          Investor                   2-FAMILY
2503212911                       3.000                   1.000                     6.000           13.250           3.875                661   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212913                       3.000                   1.000                     6.000           12.990           3.875                716   Stated                                   Purchase                    Owner Occupied             CONDO
2503212927                       3.000                   1.000                     6.000           12.500           3.875                735   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503212935                       0.000                   0.000                     0.000            6.950           0.000                654   Stated                                   Purchase                    Owner Occupied             CONDO
2503212940                       3.000                   1.000                     6.000           12.600           3.000                689   Stated                                   Purchase                    Owner Occupied             PUD
2503212947                       3.000                   1.000                     6.000           12.490           3.000                652   Stated                                   Purchase                    Owner Occupied             CONDO
2503212962                       3.000                   1.000                     6.000           13.925           3.875                744   SISA                                     Cash Out Refinance          Investor                   SFR
2503212968                       3.000                   1.000                     6.000           13.000           3.000                654   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212978                       3.000                   1.000                     6.000           13.100           3.000                734   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503212982                       3.000                   1.000                     6.000           11.990           3.000                775   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503212988                       3.000                   1.000                     6.000           12.740           3.000                657   Stated                                   Purchase                    Owner Occupied             CONDO
2503213007                       3.000                   1.000                     6.000           11.920           4.000                726   SISA                                     Cash Out Refinance          Investor                   SFR
2503213014                       3.000                   1.000                     6.000           12.500           3.875                698   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503213015                       0.000                   0.000                     0.000            6.570           0.000                696   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213029                       3.000                   1.000                     6.000           12.500           3.000                600   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213033                       3.000                   1.000                     6.000           13.330           3.000                645   Stated                                   Rate/Term Refinance         Investor                   SFR
2503213043                       3.000                   1.000                     6.000           13.100           3.000                700   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503213056                       3.000                   1.000                     6.000           13.250           3.000                650   Stated                                   Purchase                    Owner Occupied             SFR
2503213059                       0.000                   0.000                     0.000            6.325           0.000                706   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213070                       3.000                   1.000                     6.000           11.750           3.000                686   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213071                       0.000                   0.000                     0.000            8.500           0.000                651   Stated                                   Cash Out Refinance          Investor                   SFR
2503213075                       3.000                   1.000                     6.000           12.175           3.000                747   Stated                                   Purchase                    Owner Occupied             SFR
2503213078                       0.000                   0.000                     0.000            6.990           0.000                820   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503213086                       3.000                   1.000                     6.000           12.300           3.000                781   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213090                       3.000                   1.000                     6.000           12.900           3.875                696   Stated                                   Cash Out Refinance          Investor                   SFR
2503213100                       3.000                   1.000                     6.000           13.050           3.875                659   Stated                                   Purchase                    Owner Occupied             SFR
2503213124                       3.000                   1.000                     6.000           13.500           3.500                693   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503213146                       3.000                   1.000                     6.000           12.440           3.000                718   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503213149                       3.000                   1.000                     6.000           12.800           3.000                678   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503213150                       0.000                   0.000                     0.000            6.545           0.000                695   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213153                       3.000                   1.000                     6.000           13.375           3.000                710   Stated                                   Purchase                    Investor                   2-FAMILY
2503213160                       0.000                   0.000                     0.000            5.990           0.000                721   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213167                       3.000                   1.000                     6.000           11.990           3.000                772   Stated                                   Purchase                    Investor                   D-PUDS
2503213223                       0.000                   0.000                     0.000            6.375           0.000                678   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503213229                       3.000                   1.000                     6.000           13.375           3.875                657   Stated                                   Purchase                    Owner Occupied             CONDO
2503213239                       3.000                   1.000                     6.000           12.000           3.000                776   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213244                       3.000                   1.000                     6.000           13.000           3.000                713   Stated                                   Purchase                    Owner Occupied             SFR
2503213257                       3.000                   1.000                     6.000           13.750           3.000                705   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503213272                       3.000                   1.000                     6.000           12.750           3.000                709   Full                                     Purchase                    Owner Occupied             PUD
2503213288                       0.000                   0.000                     0.000            6.375           0.000                647   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213317                       0.000                   0.000                     0.000            6.875           0.000                647   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213322                       3.000                   1.000                     6.000           11.525           3.000                700   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503213324                       3.000                   1.000                     6.000           12.500           3.000                780   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503213327                       3.000                   1.000                     6.000           13.310           3.000                670   Stated                                   Purchase                    Investor                   TOWNHOUSE
2503213342                       0.000                   0.000                     0.000            6.500           0.000                703   Stated                                   Cash Out Refinance          Second Home                CONDO
2503213351                       0.000                   0.000                     0.000            7.250           0.000                667   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503213359                       3.000                   1.000                     6.000           13.075           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503213387                       3.000                   1.000                     6.000           12.150           3.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213398                       0.000                   0.000                     0.000            6.250           0.000                711   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503213402                       0.000                   0.000                     0.000            6.875           0.000                727   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503213406                       3.000                   1.000                     6.000           12.650           3.000                633   Express Verified Assets                  Rate/Term Refinance         Owner Occupied             SFR
2503213417                       3.000                   1.000                     6.000           12.900           3.875                740   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213430                       3.000                   1.000                     6.000           12.350           3.000                798   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213436                       3.000                   1.000                     6.000           12.890           3.625                662   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213441                       3.000                   1.000                     6.000           12.880           3.000                737   Stated                                   Purchase                    Owner Occupied             CONDO
2503213457                       3.000                   1.000                     6.000           12.210           3.000                720   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213465                       3.000                   1.000                     6.000           12.325           3.875                689   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213466                       3.000                   1.000                     6.000           12.500           3.000                784   Stated                                   Cash Out Refinance          Second Home                D-PUDS
2503213468                       0.000                   0.000                     0.000            5.875           0.000                778   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213491                       0.000                   0.000                     0.000            5.875           0.000                648   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213497                       3.000                   1.000                     6.000           11.875           3.000                700   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213506                       3.000                   1.000                     6.000           12.500           3.875                681   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503213524                       3.000                   1.000                     6.000           13.500           3.000                749   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503213542                       3.000                   1.000                     6.000           12.300           3.000                687   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503213550                       0.000                   0.000                     0.000            5.800           0.000                778   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213555                       0.000                   0.000                     0.000            6.200           0.000                720   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503213567                       3.000                   1.000                     6.000           12.550           3.875                690   Full                                     Purchase                    Owner Occupied             SFR
2503213570                       3.000                   1.000                     6.000           12.500           4.000                734   Stated                                   Purchase                    Owner Occupied             SFR
2503213597                       3.000                   1.000                     6.000           12.375           3.000                726   Stated                                   Purchase                    Owner Occupied             SFR
2503213603                       3.000                   1.000                     6.000           13.250           3.000                744   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213616                       3.000                   1.000                     6.000           12.990           3.000                659   Stated                                   Purchase                    Owner Occupied             SFR
2503213623                       3.000                   1.000                     6.000           13.000           3.875                715   Stated                                   Purchase                    Owner Occupied             SFR
2503213626                       0.000                   0.000                     0.000            6.670           0.000                751   Express No Doc                           Cash Out Refinance          Owner Occupied             SFR
2503213640                       3.000                   1.000                     6.000           13.500           3.000                642   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503213641                       3.000                   1.000                     6.000           15.999           3.000                724   Stated                                   Purchase                    Investor                   SFR
2503213647                       3.000                   1.000                     6.000           12.400           3.000                712   Stated                                   Rate/Term Refinance         Investor                   HI-RISE
2503213659                       3.000                   1.000                     6.000           12.450           3.875                758   Stated                                   Purchase                    Owner Occupied             SFR
2503213669                       0.000                   0.000                     0.000            6.250           0.000                722   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503213681                       3.000                   1.000                     6.000           12.500           3.000                650   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213718                       3.000                   1.000                     6.000           12.490           3.875                695   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
2503213719                       3.000                   1.000                     6.000           13.350           3.000                703   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503213744                       0.000                   0.000                     0.000            7.500           0.000                636   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503213751                       0.000                   0.000                     0.000            5.875           0.000                800   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213761                       3.000                   1.000                     6.000           13.625           3.875                697   Stated                                   Purchase                    Investor                   SFR
2503213763                       3.000                   1.000                     6.000           16.790           4.375                624   Stated                                   Purchase                    Investor                   2-FAMILY
2503213770                       3.000                   1.000                     6.000           13.725           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503213806                       3.000                   1.000                     6.000           14.125           4.000                659   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213807                       3.000                   1.000                     5.000           11.990           3.000                647   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213813                       0.000                   0.000                     0.000            5.500           0.000                744   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213814                       3.000                   1.000                     6.000           13.000           3.875                735   Stated                                   Purchase                    Owner Occupied             SFR
2503213822                       0.000                   0.000                     0.000            6.375           0.000                699   Stated                                   Purchase                    Investor                   SFR
2503213832                       3.000                   1.000                     6.000           12.950           3.000                699   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503213835                       3.000                   1.000                     6.000           13.000           3.000                691   Stated                                   Purchase                    Owner Occupied             SFR
2503213840                       0.000                   0.000                     0.000            6.250           0.000                694   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503213868                       3.000                   1.000                     6.000           14.000           3.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503213869                       3.000                   1.000                     6.000           13.550           3.750                694   SISA                                     Cash Out Refinance          Owner Occupied             CONDO
2503213892                       3.000                   1.000                     6.000           12.600           3.000                641   Stated                                   Rate/Term Refinance         Owner Occupied             PUD
2503213893                       3.000                   1.000                     6.000           12.400           3.000                719   Stated                                   Purchase                    Owner Occupied             SFR
2503213914                       0.000                   0.000                     0.000            6.425           0.000                675   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503213919                       3.000                   1.000                     6.000           12.500           3.875                740   Stated                                   Purchase                    Owner Occupied             SFR
2503213930                       3.000                   1.000                     6.000           13.500           3.000                692   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503213940                       3.000                   1.000                     6.000           12.750           3.000                641   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213951                       0.000                   0.000                     0.000            5.950           0.000                731   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503213965                       3.000                   1.000                     6.000           13.070           3.000                669   Stated                                   Purchase                    Owner Occupied             SFR
2503213985                       0.000                   0.000                     0.000            5.875           0.000                807   Full                                     Purchase                    Owner Occupied             PUD
2503213986                       3.000                   1.000                     6.000           12.750           3.000                692   Stated                                   Purchase                    Owner Occupied             SFR
2503213999                       3.000                   1.000                     6.000           12.990           4.125                651   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503214016                       3.000                   1.000                     6.000           14.500           3.750                757   SISA                                     Purchase                    Second Home                CONDO
2503214017                       3.000                   1.000                     5.740           11.990           3.000                699   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503214018                       3.000                   1.000                     6.000           12.750           3.000                717   Stated                                   Purchase                    Owner Occupied             SFR
2503214031                       3.000                   1.000                     6.000           13.615           2.750                649   Stated                                   Cash Out Refinance          Investor                   CONDO
2503214046                       3.000                   1.000                     6.000           12.000           3.000                682   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503214051                       3.000                   1.000                     6.000           13.280           3.000                663   Stated                                   Purchase                    Investor                   SFR
2503214059                       3.000                   1.000                     6.000           13.000           3.000                649   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214072                       3.000                   1.000                     6.000           11.750           3.000                647   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214074                       3.000                   1.000                     6.000           12.050           3.000                762   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503214082                       3.000                   1.000                     6.000           14.040           3.000                661   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214091                       3.000                   1.000                     6.000           13.140           3.875                746   Stated                                   Cash Out Refinance          Owner Occupied             4-FAMILY
2503214103                       3.000                   1.000                     6.000           13.750           3.000                679   Stated                                   Purchase                    Investor                   SFR
2503214115                       0.000                   0.000                     0.000            7.990           0.000                679   Stated                                   Cash Out Refinance          Investor                   SFR
2503214127                       0.000                   0.000                     0.000            6.990           0.000                665   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503214134                       3.000                   1.000                     6.000           14.125           3.000                634   Stated                                   Cash Out Refinance          Investor                   SFR
2503214135                       0.000                   0.000                     0.000            7.625           0.000                688   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503214136                       3.000                   1.000                     6.000           13.250           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503214138                       3.000                   1.000                     6.000           12.950           3.000                711   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214140                       3.000                   1.000                     6.000           13.750           3.000                712   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503214145                       3.000                   1.000                     6.000           12.692           3.000                601   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214147                       3.000                   1.000                     6.000           13.317           3.000                650   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214164                       3.000                   1.000                     6.000           11.990           3.000                699   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214171                       0.000                   0.000                     0.000            7.990           0.000                679   Stated                                   Cash Out Refinance          Investor                   SFR
2503214178                       3.000                   1.000                     6.000           13.250           3.875                726   Stated                                   Purchase                    Investor                   SFR
2503214179                       3.000                   1.000                     6.000           11.875           3.000                662   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503214184                       3.000                   1.000                     6.000           12.750           3.000                752   Stated                                   Purchase                    Owner Occupied             SFR
2503214197                       3.000                   1.000                     5.070           12.860           3.000                672   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503214202                       3.000                   1.000                     6.000           13.375           3.000                655   Stated                                   Purchase                    Investor                   SFR
2503214226                       3.000                   1.000                     6.000           13.480           3.000                646   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214230                       3.000                   1.000                     6.000           13.280           3.000                686   Stated                                   Purchase                    Investor                   PUD
2503214237                       3.000                   1.000                     6.000           12.900           3.000                651   Full                                     Rate/Term Refinance         Investor                   CONDO
2503214248                       3.000                   1.000                     6.000           12.500           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
2503214258                       3.000                   1.000                     6.000           12.500           3.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503214262                       3.000                   1.000                     6.000           13.580           4.000                719   Stated                                   Cash Out Refinance          Investor                   SFR
2503214284                       0.000                   0.000                     0.000            7.118           0.000                666   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214298                       3.000                   1.000                     6.000           14.299           3.000                688   Stated                                   Rate/Term Refinance         Owner Occupied             4-FAMILY
2503214303                       3.000                   1.000                     6.000           12.500           3.875                627   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503214310                       3.000                   1.000                     6.000           12.400           3.000                723   Stated                                   Purchase                    Owner Occupied             SFR
2503214315                       3.000                   1.000                     6.000           15.920           3.875                654   Stated                                   Purchase                    Investor                   SFR
2503214330                       3.000                   1.000                     6.000           13.200           3.000                721   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214346                       0.000                   0.000                     0.000            5.590           0.000                796   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214361                       3.000                   1.000                     6.000           13.800           3.000                666   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214366                       3.000                   1.000                     6.000           12.375           3.000                771   Stated                                   Purchase                    Owner Occupied             SFR
2503214393                       3.000                   1.000                     6.000           13.250           3.875                717   Stated                                   Purchase                    Owner Occupied             SFR
2503214394                       0.000                   0.000                     0.000            5.880           0.000                813   Express Verified Assets                  Cash Out Refinance          Owner Occupied             4-FAMILY
2503214411                       3.000                   1.000                     6.000           12.625           3.000                701   Stated                                   Purchase                    Owner Occupied             SFR
2503214421                       3.000                   1.000                     6.000           13.125           3.875                705   Stated                                   Purchase                    Investor                   SFR
2503214425                       3.000                   1.000                     6.000           14.000           3.000                648   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214429                       0.000                   0.000                     0.000            6.750           0.000                625   Full                                     Cash Out Refinance          Investor                   SFR
2503214433                       0.000                   0.000                     0.000            6.450           0.000                701   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503214435                       3.000                   1.000                     6.000           13.380           3.000                702   Stated                                   Purchase                    Owner Occupied             SFR
2503214437                       0.000                   0.000                     0.000            6.200           0.000                691   Stated                                   Rate/Term Refinance         Second Home                SFR
2503214438                       3.000                   1.000                     6.000           12.875           3.000                654   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503214462                       3.000                   1.000                     6.000           13.100           3.000                762   Express Verified Assets                  Rate/Term Refinance         Investor                   SFR
2503214465                       0.000                   0.000                     0.000            6.990           0.000                740   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214475                       3.000                   1.000                     6.000           11.900           3.000                773   Express Verified Assets                  Cash Out Refinance          Owner Occupied             SFR
2503214491                       0.000                   0.000                     0.000            6.590           0.000                688   Stated                                   Cash Out Refinance          Investor                   SFR
2503214494                       3.000                   1.000                     6.000           13.150           3.000                765   SISA                                     Purchase                    Owner Occupied             SFR
2503214501                       3.000                   1.000                     6.000           12.500           3.875                692   Stated                                   Purchase                    Owner Occupied             SFR
2503214504                       3.000                   1.000                     6.000           11.650           3.500                732   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503214507                       0.000                   0.000                     0.000            5.975           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503214527                       3.000                   1.000                     6.000           11.950           3.875                768   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503214539                       3.000                   1.000                     6.000           12.375           3.000                686   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214559                       3.000                   1.000                     6.000           12.250           4.000                650   Full                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503214564                       3.000                   1.000                     6.000           13.510           3.000                664   Stated                                   Purchase                    Owner Occupied             CONDO
2503214569                       3.000                   1.000                     6.000           12.250           3.875                784   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503214575                       3.000                   1.000                     6.000           12.875           3.000                672   Stated                                   Rate/Term Refinance         Investor                   SFR
2503214582                       3.000                   1.000                     6.000           12.300           3.000                645   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503214599                       3.000                   1.000                     6.000           13.250           3.000                735   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214631                       3.000                   1.000                     6.000           13.600           3.000                719   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503214652                       3.000                   1.000                     6.000           12.500           3.000                646   Stated                                   Purchase                    Owner Occupied             SFR
2503214658                       3.000                   1.000                     6.000           13.800           3.875                665   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214663                       3.000                   1.000                     6.000           12.625           3.000                629   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503214678                       3.000                   1.000                     6.000           13.000           3.875                649   Stated                                   Cash Out Refinance          Investor                   HI-RISE
2503214686                       3.000                   1.000                     6.000           12.620           3.000                715   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214690                       3.000                   1.000                     6.000           12.990           3.000                764   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214698                       0.000                   0.000                     0.000            6.875           0.000                714   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503214736                       3.000                   1.000                     6.000           11.800           3.000                705   Stated                                   Cash Out Refinance          Investor                   SFR
2503214765                       0.000                   0.000                     0.000            6.930           0.000                689   Full                                     Purchase                    Investor                   CONDO
2503214767                       3.000                   1.000                     6.000           12.300           3.000                757   Stated                                   Purchase                    Owner Occupied             SFR
2503214781                       3.000                   1.000                     6.000           14.250           3.000                669   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214801                       0.000                   0.000                     0.000            6.625           0.000                728   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214804                       3.000                   1.000                     6.000           12.500           3.875                653   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503214807                       3.000                   1.000                     6.000           14.850           3.000                664   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214820                       0.000                   0.000                     0.000            7.000           0.000                619   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214828                       3.000                   1.000                     6.000           13.500           3.000                667   Stated                                   Purchase                    Owner Occupied             SFR
2503214835                       3.000                   1.000                     6.000           14.125           3.000                681   Stated                                   Purchase                    Investor                   SFR
2503214837                       3.000                   1.000                     6.000           13.990           3.000                659   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503214849                       3.000                   1.000                     6.000           13.990           3.875                659   Stated                                   Rate/Term Refinance         Investor                   3-FAMILY
2503214859                       3.000                   1.000                     6.000           13.125           3.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503214863                       3.000                   1.000                     6.000           11.863           3.000                704   Stated                                   Purchase                    Owner Occupied             SFR
2503214916                       3.000                   1.000                     6.000           11.990           3.875                699   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214920                       0.000                   0.000                     0.000            6.745           0.000                631   FISA                                     Rate/Term Refinance         Owner Occupied             PUD
2503214946                       3.000                   1.000                     6.000           14.300           3.000                640   Stated                                   Purchase                    Owner Occupied             CONDO
2503214948                       3.000                   1.000                     6.000           12.780           3.000                701   Stated                                   Purchase                    Investor                   SFR
2503215015                       3.000                   1.000                     6.000           12.375           3.000                723   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503215016                       1.000                   1.000                     6.000           12.015           3.000                731   Full                                     Purchase                    Investor                   HI-RISE
2503215020                       0.000                   0.000                     0.000            7.370           0.000                652   Stated                                   Purchase                    Owner Occupied             SFR
2503215036                       3.000                   1.000                     6.000           12.250           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503215040                       3.000                   1.000                     6.000           12.500           3.875                699   Stated                                   Rate/Term Refinance         Second Home                SFR
2503215054                       3.000                   1.000                     6.000           12.250           3.875                624   Full                                     Purchase                    Owner Occupied             SFR
2503215072                       3.000                   1.000                     6.000           14.125           3.000                634   Stated                                   Cash Out Refinance          Investor                   SFR
2503215097                       3.000                   1.000                     6.000           12.050           3.000                709   Stated                                   Rate/Term Refinance         Second Home                SFR
2503215118                       3.000                   1.000                     6.000           14.420           3.000                728   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503215120                       3.000                   1.000                     6.000           13.110           3.000                752   Full                                     Cash Out Refinance          Owner Occupied             2-FAMILY
2503215125                       3.000                   1.000                     6.000           12.500           3.000                689   Full                                     Rate/Term Refinance         Owner Occupied             SFR
2503215126                       3.000                   1.000                     6.000           12.375           4.000                696   Stated                                   Rate/Term Refinance         Investor                   SFR
2503215127                       3.000                   1.000                     6.000           15.990           3.000                678   Stated                                   Purchase                    Investor                   2-FAMILY
2503215150                       3.000                   1.000                     6.000           14.500           4.125                641   SISA                                     Cash Out Refinance          Owner Occupied             D-PUDS
2503215168                       3.000                   1.000                     6.000           12.692           3.000                701   Stated                                   Purchase                    Owner Occupied             CONDO
2503215176                       3.000                   1.000                     6.000           13.125           3.000                715   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503215179                       0.000                   0.000                     0.000            6.500           0.000                617   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503215183                       3.000                   1.000                     6.000           12.250           3.625                715   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215190                       0.000                   0.000                     0.000            6.875           0.000                718   Stated                                   Purchase                    Investor                   CONDO
2503215191                       3.000                   1.000                     6.000           13.475           3.000                683   Stated                                   Purchase                    Investor                   SFR
2503215197                       0.000                   0.000                     0.000            6.000           0.000                792   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215198                       3.000                   1.000                     6.000           13.250           4.000                637   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503215201                       3.000                   1.000                     6.000           12.655           3.000                702   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215209                       3.000                   1.000                     6.000           12.940           3.000                644   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503215216                       3.000                   1.000                     6.000           12.550           3.000                682   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215232                       3.000                   1.000                     6.000           11.950           3.000                734   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215242                       0.000                   0.000                     0.000            6.375           0.000                773   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215269                       3.000                   1.000                     6.000           14.950           3.875                748   SISA                                     Purchase                    Investor                   SFR
2503215291                       3.000                   1.000                     6.000           12.450           3.000                675   Stated                                   Purchase                    Owner Occupied             SFR
2503215293                       0.000                   0.000                     0.000            7.500           0.000                613   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503215330                       3.000                   1.000                     6.000           11.990           3.000                698   Stated                                   Purchase                    Owner Occupied             SFR
2503215349                       3.000                   1.000                     6.000           12.850           3.000                702   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215368                       3.000                   1.000                     6.000           12.875           3.000                651   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215370                       3.000                   1.000                     6.000           13.360           3.875                642   Stated                                   Purchase                    Owner Occupied             SFR
2503215376                       3.000                   1.000                     6.000           12.100           3.000                738   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215386                       3.000                   1.000                     6.000           13.500           3.000                641   Express Verified Assets                  Cash Out Refinance          Owner Occupied             HI-RISE
2503215391                       3.000                   1.000                     6.000           13.990           3.000                688   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503215398                       3.000                   1.000                     6.000           12.750           3.000                692   Stated                                   Cash Out Refinance          Investor                   SFR
2503215412                       3.000                   1.000                     6.000           12.750           3.000                674   Stated                                   Purchase                    Owner Occupied             SFR
2503215430                       3.000                   1.000                     6.000           11.745           3.000                752   Stated                                   Purchase                    Owner Occupied             SFR
2503215431                       3.000                   1.000                     6.000           12.875           3.000                728   Stated                                   Purchase                    Owner Occupied             SFR
2503215436                       3.000                   1.000                     6.000           12.250           3.000                701   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215437                       3.000                   1.000                     6.000           11.875           3.000                709   Stated                                   Rate/Term Refinance         Investor                   SFR
2503215443                       3.000                   1.000                     6.000           12.300           3.000                770   Stated                                   Purchase                    Second Home                PUD
2503215444                       3.000                   1.000                     6.000           13.798           3.000                647   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
2503215461                       3.000                   1.000                     6.000           12.650           3.000                647   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503215476                       3.000                   1.000                     6.000           12.180           3.875                718   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503215479                       3.000                   1.000                     6.000           12.850           3.875                704   Stated                                   Cash Out Refinance          Investor                   SFR
2503215496                       0.000                   0.000                     0.000            7.250           0.000                631   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215503                       3.000                   1.000                     6.000           12.000           3.000                666   Full                                     Purchase                    Owner Occupied             SFR
2503215504                       3.000                   1.000                     6.000           13.095           3.000                680   Stated                                   Rate/Term Refinance         Owner Occupied             D-PUDS
2503215509                       0.000                   0.000                     0.000            6.700           0.000                606   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215532                       0.000                   0.000                     0.000            6.060           0.000                693   Stated                                   Cash Out Refinance          Investor                   SFR
2503215536                       3.000                   1.000                     6.000           14.000           4.000                656   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503215541                       3.000                   1.000                     6.000           11.750           3.000                802   Stated                                   Purchase                    Owner Occupied             CONDO
2503215545                       3.000                   1.000                     6.000           12.875           3.875                645   Stated                                   Purchase                    Owner Occupied             SFR
2503215551                       0.000                   0.000                     0.000            5.900           0.000                702   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215561                       3.000                   1.000                     6.000           12.875           3.000                711   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215574                       3.000                   1.000                     6.000           12.585           3.000                705   Stated                                   Cash Out Refinance          Investor                   CONDO
2503215579                       3.000                   1.000                     6.000           13.250           3.625                680   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215592                       3.000                   1.000                     6.000           12.250           3.000                644   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215593                       3.000                   1.000                     6.000           13.500           3.000                652   Stated                                   Purchase                    Owner Occupied             SFR
2503215604                       0.000                   0.000                     0.000            6.550           0.000                699   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503215625                       3.000                   1.000                     6.000           12.990           3.000                685   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215642                       3.000                   1.000                     6.000           13.500           3.000                744   Stated                                   Purchase                    Owner Occupied             SFR
2503215650                       3.000                   1.000                     6.000           16.990           5.550                651   SISA                                     Cash Out Refinance          Investor                   SFR
2503215656                       3.000                   1.000                     6.000           12.750           3.000                620   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215663                       3.000                   1.000                     6.000           12.750           3.000                767   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503215683                       3.000                   1.000                     6.000           12.950           3.000                646   Express Non-Verified Assets              Cash Out Refinance          Investor                   CONDO
2503215699                       3.000                   1.000                     6.000           13.990           3.000                702   Stated                                   Cash Out Refinance          Investor                   CONDO
2503215716                       3.000                   1.000                     6.000           12.750           3.500                693   Stated                                   Purchase                    Owner Occupied             CONDO
2503215718                       0.000                   0.000                     0.000            7.250           0.000                706   Express Verified Assets                  Cash Out Refinance          Investor                   SFR
2503215723                       3.000                   1.000                     6.000           11.950           3.000                774   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215725                       3.000                   1.000                     6.000           13.160           3.000                757   Stated                                   Purchase                    Owner Occupied             SFR
2503215726                       0.000                   0.000                     0.000            6.400           0.000                684   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215728                       3.000                   1.000                     6.000           12.400           3.000                712   Stated                                   Rate/Term Refinance         Investor                   HI-RISE
2503215731                       3.000                   1.000                     6.000           12.690           3.875                660   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215734                       3.000                   1.000                     6.000           12.450           3.000                707   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215744                       0.000                   0.000                     0.000            6.200           0.000                697   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215750                       3.000                   1.000                     6.000           12.750           3.875                751   Stated                                   Purchase                    Owner Occupied             SFR
2503215752                       3.000                   1.000                     6.000           12.500           3.875                681   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215760                       3.000                   1.000                     6.000           13.390           3.875                645   Stated                                   Purchase                    Owner Occupied             SFR
2503215790                       3.000                   1.000                     6.000           13.350           3.500                681   SISA                                     Cash Out Refinance          Investor                   PUD
2503215803                       3.000                   1.000                     6.000           15.050           3.000                655   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503215808                       3.000                   1.000                     6.000           13.250           3.000                688   Stated                                   Purchase                    Owner Occupied             CONDO
2503215820                       3.000                   1.000                     6.000           12.430           3.750                642   Stated                                   Purchase                    Owner Occupied             CONDO
2503215831                       3.000                   1.000                     6.000           12.900           3.875                668   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503215856                       3.000                   1.000                     6.000           13.125           3.000                607   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215862                       3.000                   1.000                     6.000           12.350           3.000                669   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503215889                       3.000                   1.000                     6.000           13.200           3.000                658   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503215891                       0.000                   0.000                     0.000            7.375           0.000                683   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503215928                       3.000                   1.000                     6.000           12.750           3.000                691   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503215945                       3.000                   1.000                     6.000           13.375           3.000                683   Stated                                   Purchase                    Owner Occupied             SFR
2503215957                       3.000                   1.000                     6.000           12.550           3.000                693   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503215971                       3.000                   1.000                     6.000           13.150           3.000                717   Stated                                   Cash Out Refinance          Investor                   SFR
2503215993                       3.000                   1.000                     6.000           12.750           3.000                648   Stated                                   Rate/Term Refinance         Investor                   SFR
2503216002                       3.000                   1.000                     6.000           12.400           3.000                654   Stated                                   Purchase                    Owner Occupied             CONDO
2503216015                       0.000                   0.000                     0.000            6.375           0.000                641   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503216019                       3.000                   1.000                     6.000           12.375           3.000                739   Full                                     Purchase                    Investor                   SFR
2503216028                       3.000                   1.000                     6.000           12.500           3.000                656   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216057                       3.000                   1.000                     6.000           12.519           3.000                733   Stated                                   Purchase                    Owner Occupied             CONDO
2503216061                       3.000                   1.000                     6.000           13.500           3.000                735   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503216062                       0.000                   0.000                     0.000            7.470           0.000                700   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216079                       3.000                   1.000                     6.000           13.920           3.000                660   Stated                                   Purchase                    Investor                   CONDO
2503216083                       3.000                   1.000                     6.000           12.940           3.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503216088                       0.000                   0.000                     0.000            6.125           0.000                763   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216103                       0.000                   0.000                     0.000            6.000           0.000                636   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503216125                       3.000                   1.000                     6.000           12.250           4.000                715   Stated                                   Purchase                    Owner Occupied             SFR
2503216144                       3.000                   1.000                     6.000           12.500           3.000                707   Express Non-Verified Assets              Cash Out Refinance          Owner Occupied             SFR
2503216147                       3.000                   1.000                     6.000           12.280           3.000                697   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216150                       3.000                   1.000                     6.000           13.500           3.000                747   Stated                                   Purchase                    Investor                   CONDO
2503216153                       3.000                   1.000                     6.000           11.875           3.000                750   Stated                                   Purchase                    Investor                   SFR
2503216154                       3.000                   1.000                     6.000           12.000           3.875                674   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216167                       0.000                   0.000                     0.000            6.750           0.000                682   Stated                                   Cash Out Refinance          Investor                   SFR
2503216169                       3.000                   1.000                     6.000           12.125           3.000                794   Full                                     Rate/Term Refinance         Second Home                CONDO
2503216188                       3.000                   1.000                     6.000           12.890           3.000                754   Stated                                   Purchase                    Investor                   SFR
2503216189                       3.000                   1.000                     6.000           11.875           3.875                750   SISA                                     Cash Out Refinance          Investor                   2-FAMILY
2503216199                       3.000                   1.000                     6.000           13.620           3.000                648   Stated                                   Purchase                    Owner Occupied             SFR
2503216251                       3.000                   1.000                     6.000           11.900           3.000                698   Stated                                   Rate/Term Refinance         Investor                   SFR
2503216252                       0.000                   0.000                     0.000            5.990           0.000                739   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503216259                       3.000                   1.000                     6.000           13.100           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
2503216266                       0.000                   0.000                     0.000            8.100           0.000                651   Stated                                   Purchase                    Owner Occupied             SFR
2503216269                       0.000                   0.000                     0.000            6.625           0.000                669   Express Verified Assets                  Purchase                    Investor                   CONDO
2503216282                       3.000                   1.000                     6.000           12.500           3.875                685   SISA                                     Cash Out Refinance          Owner Occupied             SFR
2503216295                       3.000                   1.000                     6.000           13.360           3.000                668   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503216296                       3.000                   1.000                     6.000           12.875           3.000                773   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503216308                       0.000                   0.000                     0.000            6.250           0.000                662   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503216315                       3.000                   1.000                     6.000           12.500           3.000                699   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216337                       0.000                   0.000                     0.000            7.500           0.000                652   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216340                       3.000                   1.000                     6.000           13.155           3.000                755   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503216348                       0.000                   0.000                     0.000            6.750           0.000                669   Stated                                   Purchase                    Investor                   CONDO
2503216391                       3.000                   1.000                     6.000           14.750           3.000                774   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503216397                       3.000                   1.000                     6.000           12.500           3.000                704   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503216406                       3.000                   1.000                     6.000           12.100           3.875                745   Stated                                   Purchase                    Owner Occupied             SFR
2503216412                       3.000                   1.000                     6.000           12.050           3.000                679   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216413                       3.000                   1.000                     6.000           12.600           3.000                704   Stated                                   Purchase                    Investor                   D-PUDS
2503216438                       3.000                   1.000                     6.000           12.500           3.000                686   Stated                                   Purchase                    Owner Occupied             SFR
2503216457                       0.000                   0.000                     0.000            7.375           0.000                618   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216465                       3.000                   1.000                     6.000           11.990           3.000                630   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503216474                       3.000                   1.000                     6.000           11.875           3.000                747   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216504                       3.000                   1.000                     6.000           13.250           3.000                643   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216506                       3.000                   1.000                     6.000           11.815           3.875                784   SISA                                     Rate/Term Refinance         Investor                   SFR
2503216509                       3.000                   1.000                     6.000           11.750           3.000                799   SISA                                     Purchase                    Owner Occupied             D-PUDS
2503216524                       3.000                   1.000                     6.000           14.000           3.000                677   Stated                                   Rate/Term Refinance         Investor                   SFR
2503216536                       3.000                   1.000                     6.000           12.875           3.000                682   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216541                       0.000                   0.000                     0.000            6.780           0.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503216552                       3.000                   1.000                     6.000           12.550           3.000                652   Full                                     Purchase                    Owner Occupied             CONDO
2503216573                       3.000                   1.000                     6.000           13.375           3.000                753   Stated                                   Purchase                    Owner Occupied             SFR
2503216578                       0.000                   0.000                     0.000            6.500           0.000                729   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503216643                       3.000                   1.000                     6.000           12.500           3.000                733   Stated                                   Purchase                    Investor                   2-FAMILY
2503216644                       3.000                   1.000                     6.000           12.400           3.000                750   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503216655                       3.000                   1.000                     6.000           12.000           3.875                755   SISA                                     Rate/Term Refinance         Owner Occupied             SFR
2503216657                       3.000                   1.000                     6.000           14.190           3.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216658                       0.000                   0.000                     0.000            6.000           0.000                709   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216661                       3.000                   1.000                     6.000           13.500           3.000                641   Express Verified Assets                  Cash Out Refinance          Owner Occupied             HI-RISE
2503216671                       3.000                   1.000                     6.000           12.300           3.000                754   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216711                       3.000                   1.000                     6.000           13.000           3.000                719   Stated                                   Purchase                    Owner Occupied             SFR
2503216725                       3.000                   1.000                     6.000           12.875           3.000                620   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216767                       3.000                   1.000                     6.000           13.450           3.875                660   Stated                                   Purchase                    Owner Occupied             SFR
2503216815                       3.000                   1.000                     6.000           12.500           3.000                661   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216830                       3.000                   1.000                     6.000           12.300           3.000                634   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503216846                       3.000                   1.000                     6.000           12.055           3.875                688   Stated                                   Purchase                    Owner Occupied             SFR
2503216860                       3.000                   1.000                     6.000           13.950           3.000                701   Stated                                   Purchase                    Owner Occupied             CONDO
2503216863                       3.000                   1.000                     6.000           12.692           3.000                652   Stated                                   Purchase                    Owner Occupied             TOWNHOUSE
2503216894                       3.000                   1.000                     6.000           12.500           3.000                641   Stated                                   Purchase                    Owner Occupied             SFR
2503216911                       3.000                   1.000                     6.000           13.380           3.000                627   Full                                     Purchase                    Owner Occupied             SFR
2503216943                       3.000                   1.000                     6.000           13.990           3.000                661   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216948                       3.000                   1.000                     6.000           13.125           3.000                662   Stated                                   Purchase                    Owner Occupied             SFR
2503216982                       0.000                   0.000                     0.000            6.500           0.000                686   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503216991                       3.000                   1.000                     6.000           13.500           3.000                644   Stated                                   Purchase                    Owner Occupied             CONDO
2503216992                       3.000                   1.000                     6.000           13.125           3.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503217017                       3.000                   1.000                     6.000           13.750           3.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503217028                       3.000                   1.000                     6.000           13.500           3.000                680   Stated                                   Rate/Term Refinance         Owner Occupied             2-FAMILY
2503217040                       3.000                   1.000                     6.000           12.625           3.000                689   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503217051                       3.000                   1.000                     6.000           12.600           3.000                655   Full                                     Purchase                    Owner Occupied             SFR
2503217061                       3.000                   1.000                     6.000           14.162           3.000                650   Stated                                   Cash Out Refinance          Owner Occupied             2-FAMILY
2503217082                       3.000                   1.000                     6.000           12.900           3.000                635   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503217190                       3.000                   1.000                     6.000           13.500           3.000                693   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503217240                       3.000                   1.000                     6.000           12.650           3.000                668   Stated                                   Purchase                    Owner Occupied             SFR
2503217248                       3.000                   1.000                     6.000           12.950           3.000                747   Stated                                   Purchase                    Owner Occupied             SFR
3903000017                       2.000                   2.000                     6.000           12.875           2.500                622   Full                                     Cash Out Refinance          Owner Occupied             SFR
3903000027                       0.000                   0.000                     0.000           12.125           0.000                616   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103607155                       0.000                   0.000                     0.000           11.550           0.000                701   Stated                                   Purchase                    Second Home                PUD
1103611265                       0.000                   0.000                     0.000           11.150           0.000                690   Full                                     Purchase                    Investor                   SFR
1103615855                       0.000                   0.000                     0.000           12.000           0.000                679   Stated                                   Purchase                    Second Home                SFR
1103617309                       0.000                   0.000                     0.000           11.875           0.000                725   Stated                                   Purchase                    Investor                   SFR
1103629549                       0.000                   0.000                     0.000           12.000           0.000                738   Stated                                   Purchase                    Investor                   D-PUDS
1103631242                       0.000                   0.000                     0.000           12.125           0.000                714   Stated                                   Purchase                    Second Home                HI-RISE
1103631521                       0.000                   0.000                     0.000           12.500           0.000                733   Stated                                   Purchase                    Investor                   SFR
1103632213                       0.000                   0.000                     0.000           14.250           0.000                785   Stated                                   Purchase                    Second Home                PUD
1103632647                       0.000                   0.000                     0.000           12.500           0.000                749   Stated                                   Purchase                    Investor                   SFR
1103633321                       0.000                   0.000                     0.000           13.000           0.000                753   Stated                                   Purchase                    Second Home                HI-RISE
1103633348                       0.000                   0.000                     0.000           12.375           0.000                716   Full                                     Cash Out Refinance          Investor                   SFR
1103633685                       0.000                   0.000                     0.000           10.950           0.000                704   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103633974                       0.000                   0.000                     0.000           12.875           0.000                703   Stated                                   Purchase                    Second Home                CONDO
1103634731                       0.000                   0.000                     0.000           11.450           0.000                729   Stated                                   Purchase                    Owner Occupied             CONDO
1103635225                       0.000                   0.000                     0.000           10.375           0.000                739   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103636866                       0.000                   0.000                     0.000           12.525           0.000                724   Stated                                   Purchase                    Second Home                CONDO
1103636928                       0.000                   0.000                     0.000           12.375           0.000                724   Stated                                   Purchase                    Investor                   SFR
1103636974                       0.000                   0.000                     0.000           12.500           0.000                749   Full                                     Purchase                    Investor                   HI-RISE
1103638281                       0.000                   0.000                     0.000           11.475           0.000                743   Stated                                   Purchase                    Investor                   SFR
1103639592                       0.000                   0.000                     0.000           10.625           0.000                691   Express No Doc                           Purchase                    Owner Occupied             2-FAMILY
1103639604                       0.000                   0.000                     0.000           10.500           0.000                679   Express No Doc                           Purchase                    Owner Occupied             TOWNHOUSE
1103640962                       0.000                   0.000                     0.000           11.950           0.000                780   Stated                                   Purchase                    Investor                   D-PUDS
1103641071                       0.000                   0.000                     0.000           11.625           0.000                793   Stated                                   Purchase                    Investor                   D-PUDS
1103641374                       0.000                   0.000                     0.000           10.750           0.000                747   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
1103641563                       0.000                   0.000                     0.000           11.925           0.000                680   Stated                                   Purchase                    Owner Occupied             SFR
1103641729                       0.000                   0.000                     0.000           12.600           0.000                695   Stated                                   Rate/Term Refinance         Second Home                CONDO
1103641842                       0.000                   0.000                     0.000           12.750           0.000                657   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103642183                       0.000                   0.000                     0.000           12.750           0.000                709   Stated                                   Purchase                    Second Home                HI-RISE
1103642337                       0.000                   0.000                     0.000           11.750           0.000                771   Stated                                   Purchase                    Investor                   SFR
1103642369                       0.000                   0.000                     0.000           12.000           0.000                731   Stated                                   Purchase                    Investor                   SFR
1103642871                       0.000                   0.000                     0.000           11.900           0.000                659   Stated                                   Purchase                    Owner Occupied             CONDO
1103642988                       0.000                   0.000                     0.000           13.500           0.000                658   SISA                                     Purchase                    Owner Occupied             SFR
1103643399                       0.000                   0.000                     0.000           12.875           0.000                798   Stated                                   Purchase                    Investor                   HI-RISE
1103643572                       0.000                   0.000                     0.000           12.350           0.000                742   Stated                                   Purchase                    Investor                   SFR
1103643573                       0.000                   0.000                     0.000           12.350           0.000                742   Stated                                   Purchase                    Investor                   D-PUDS
1103643584                       0.000                   0.000                     0.000           11.250           0.000                703   Full                                     Purchase                    Investor                   CONDO
1103643775                       0.000                   0.000                     0.000           11.875           0.000                711   Stated                                   Purchase                    Investor                   D-PUDS
1103643945                       0.000                   0.000                     0.000           10.750           0.000                773   Stated                                   Purchase                    Investor                   SFR
1103644344                       0.000                   0.000                     0.000           10.800           0.000                699   Stated                                   Purchase                    Owner Occupied             SFR
1103644508                       0.000                   0.000                     0.000           10.875           0.000                770   Stated                                   Purchase                    Investor                   D-PUDS
1103644605                       0.000                   0.000                     0.000           11.500           0.000                744   Stated                                   Purchase                    Investor                   D-PUDS
1103644716                       0.000                   0.000                     0.000           11.875           0.000                740   Stated                                   Purchase                    Investor                   PUD
1103644975                       0.000                   0.000                     0.000           10.525           0.000                728   Stated                                   Purchase                    Owner Occupied             CONDO
1103644995                       0.000                   0.000                     0.000           11.925           0.000                747   Stated                                   Purchase                    Investor                   SFR
1103645211                       0.000                   0.000                     0.000           11.750           0.000                750   Stated                                   Purchase                    Investor                   SFR
1103645537                       0.000                   0.000                     0.000           13.000           0.000                729   Stated                                   Purchase                    Second Home                HI-RISE
1103645705                       0.000                   0.000                     0.000           11.875           0.000                783   Stated                                   Purchase                    Investor                   SFR
1103645745                       0.000                   0.000                     0.000           13.500           0.000                798   Stated                                   Purchase                    Second Home                HI-RISE
1103645830                       0.000                   0.000                     0.000           11.500           0.000                767   Stated                                   Purchase                    Investor                   SFR
1103645835                       0.000                   0.000                     0.000           11.500           0.000                777   Stated                                   Purchase                    Investor                   SFR
1103646161                       0.000                   0.000                     0.000           12.000           0.000                676   Stated                                   Purchase                    Owner Occupied             SFR
1103646235                       0.000                   0.000                     0.000           11.875           0.000                728   Stated                                   Purchase                    Investor                   PUD
1103646239                       0.000                   0.000                     0.000           11.875           0.000                718   Stated                                   Purchase                    Investor                   D-PUDS
1103646459                       0.000                   0.000                     0.000           11.750           0.000                808   Stated                                   Purchase                    Investor                   PUD
1103646620                       0.000                   0.000                     0.000           13.990           0.000                753   Stated                                   Purchase                    Investor                   PUD
1103647021                       0.000                   0.000                     0.000           12.375           0.000                678   Stated                                   Purchase                    Owner Occupied             2-FAMILY
1103647183                       0.000                   0.000                     0.000           10.750           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103647480                       0.000                   0.000                     0.000           11.800           0.000                771   Stated                                   Purchase                    Investor                   SFR
1103647516                       0.000                   0.000                     0.000           11.875           0.000                793   Stated                                   Purchase                    Investor                   SFR
1103647726                       0.000                   0.000                     0.000           11.375           0.000                698   Stated                                   Purchase                    Owner Occupied             CONDO
1103647983                       0.000                   0.000                     0.000           11.875           0.000                666   Stated                                   Purchase                    Owner Occupied             SFR
1103648147                       0.000                   0.000                     0.000           11.250           0.000                741   Full                                     Purchase                    Investor                   SFR
1103648156                       0.000                   0.000                     0.000           12.750           0.000                751   Stated                                   Purchase                    Investor                   SFR
1103648191                       0.000                   0.000                     0.000           11.250           0.000                715   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103648223                       0.000                   0.000                     0.000           12.425           0.000                762   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103648451                       0.000                   0.000                     0.000           10.625           0.000                731   Stated                                   Purchase                    Owner Occupied             CONDO
1103648509                       0.000                   0.000                     0.000           11.500           0.000                741   Stated                                   Purchase                    Investor                   SFR
1103648973                       0.000                   0.000                     0.000           11.375           0.000                768   Stated                                   Purchase                    Investor                   SFR
1103649126                       0.000                   0.000                     0.000           10.990           0.000                693   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103649155                       0.000                   0.000                     0.000           11.500           0.000                751   Stated                                   Purchase                    Investor                   2-FAMILY
1103649157                       0.000                   0.000                     0.000           13.500           0.000                782   Stated                                   Rate/Term Refinance         Investor                   SFR
1103649509                       0.000                   0.000                     0.000           11.500           0.000                726   Stated                                   Purchase                    Owner Occupied             SFR
1103649600                       0.000                   0.000                     0.000           10.875           0.000                786   Stated                                   Purchase                    Owner Occupied             SFR
1103649739                       0.000                   0.000                     0.000           10.675           0.000                725   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103649756                       0.000                   0.000                     0.000           11.150           0.000                725   Stated                                   Purchase                    Owner Occupied             SFR
1103649892                       0.000                   0.000                     0.000           11.575           0.000                664   Stated                                   Purchase                    Owner Occupied             SFR
1103650051                       0.000                   0.000                     0.000           11.025           0.000                725   Stated                                   Purchase                    Owner Occupied             SFR
1103650089                       0.000                   0.000                     0.000           11.500           0.000                710   Stated                                   Purchase                    Investor                   SFR
1103650479                       0.000                   0.000                     0.000           11.500           0.000                699   Stated                                   Purchase                    Owner Occupied             CONDO
1103650911                       0.000                   0.000                     0.000           11.950           0.000                679   Stated                                   Purchase                    Owner Occupied             SFR
1103651013                       0.000                   0.000                     0.000           11.950           0.000                679   Stated                                   Purchase                    Owner Occupied             SFR
1103651039                       0.000                   0.000                     0.000           11.500           0.000                767   Stated                                   Purchase                    Investor                   SFR
1103651430                       0.000                   0.000                     0.000           12.575           0.000                676   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651767                       0.000                   0.000                     0.000           13.125           0.000                750   Stated                                   Purchase                    Investor                   HI-RISE
1103652724                       0.000                   0.000                     0.000           11.575           0.000                696   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103652909                       0.000                   0.000                     0.000           11.875           0.000                782   Stated                                   Purchase                    Investor                   SFR
1103652952                       0.000                   0.000                     0.000           12.525           0.000                653   Stated                                   Purchase                    Owner Occupied             CONDO
1103653079                       0.000                   0.000                     0.000           10.750           0.000                700   Stated                                   Purchase                    Owner Occupied             SFR
1103653248                       0.000                   0.000                     0.000           11.750           0.000                729   Stated                                   Purchase                    Investor                   PUD
1103653316                       0.000                   0.000                     0.000           12.750           0.000                767   Stated                                   Purchase                    Investor                   D-PUDS
1103653713                       0.000                   0.000                     0.000           10.625           0.000                722   Full                                     Purchase                    Owner Occupied             PUD
1103653736                       0.000                   0.000                     0.000           10.625           0.000                746   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103653794                       0.000                   0.000                     0.000           10.250           0.000                787   Stated                                   Purchase                    Investor                   SFR
1103654327                       0.000                   0.000                     0.000           12.250           0.000                735   Stated                                   Purchase                    Investor                   SFR
1103655293                       0.000                   0.000                     0.000           12.625           0.000                746   Stated                                   Purchase                    Investor                   CONDO
1103655571                       0.000                   0.000                     0.000           11.000           0.000                772   Stated                                   Purchase                    Owner Occupied             CONDO
1103655714                       0.000                   0.000                     0.000           14.500           0.000                720   Stated                                   Purchase                    Investor                   SFR
2503187878                       0.000                   0.000                     0.000           12.525           0.000                722   Stated                                   Purchase                    Second Home                HI-RISE
2503189258                       0.000                   0.000                     0.000           11.895           0.000                752   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503189941                       0.000                   0.000                     0.000           10.650           0.000                743   Full                                     Purchase                    Owner Occupied             CONDO
2503191954                       0.000                   0.000                     0.000           10.800           0.000                771   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503192269                       0.000                   0.000                     0.000           11.790           0.000                790   Stated                                   Purchase                    Second Home                CONDO
2503193662                       0.000                   0.000                     0.000           11.350           0.000                650   Stated                                   Purchase                    Owner Occupied             SFR
2503194982                       0.000                   0.000                     0.000           11.000           0.000                766   Stated                                   Purchase                    Owner Occupied             CONDO
2503195080                       0.000                   0.000                     0.000           11.440           0.000                689   Stated                                   Purchase                    Owner Occupied             SFR
2503195256                       0.000                   0.000                     0.000           11.575           0.000                734   Stated                                   Purchase                    Owner Occupied             SFR
2503195508                       0.000                   0.000                     0.000           12.020           0.000                717   Stated                                   Purchase                    Second Home                CONDO
2503195547                       0.000                   0.000                     0.000           11.600           0.000                726   Full                                     Purchase                    Investor                   4-FAMILY
2503195564                       0.000                   0.000                     0.000           11.000           0.000                696   Stated                                   Purchase                    Owner Occupied             CONDO
2503195726                       0.000                   0.000                     0.000            9.800           0.000                780   Stated                                   Purchase                    Owner Occupied             CONDO
2503195771                       0.000                   0.000                     0.000           11.990           0.000                757   Stated                                   Purchase                    Investor                   SFR
2503196647                       0.000                   0.000                     0.000           10.540           0.000                752   Stated                                   Purchase                    Owner Occupied             CONDO
2503196671                       0.000                   0.000                     0.000           12.590           0.000                662   Stated                                   Purchase                    Owner Occupied             CONDO
2503197512                       0.000                   0.000                     0.000           10.875           0.000                728   Stated                                   Purchase                    Second Home                D-PUDS
2503197824                       0.000                   0.000                     0.000           12.250           0.000                690   Stated                                   Purchase                    Owner Occupied             CONDO
2503198468                       0.000                   0.000                     0.000           11.575           0.000                725   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503198503                       0.000                   0.000                     0.000           10.800           0.000                738   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503198959                       0.000                   0.000                     0.000           12.640           0.000                742   Stated                                   Purchase                    Investor                   SFR
2503199026                       0.000                   0.000                     0.000           11.325           0.000                700   Stated                                   Purchase                    Owner Occupied             CONDO
2503199045                       0.000                   0.000                     0.000           11.400           0.000                747   Stated                                   Purchase                    Second Home                SFR
2503199243                       0.000                   0.000                     0.000           11.750           0.000                707   Stated                                   Purchase                    Second Home                CONDO
2503199566                       0.000                   0.000                     0.000           12.190           0.000                630   Full                                     Purchase                    Owner Occupied             D-PUDS
2503199583                       0.000                   0.000                     0.000            9.975           0.000                734   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503200691                       0.000                   0.000                     0.000           12.200           0.000                704   Stated                                   Purchase                    Investor                   D-PUDS
2503200813                       0.000                   0.000                     0.000           10.750           0.000                729   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503200990                       0.000                   0.000                     0.000           11.990           0.000                769   Stated                                   Cash Out Refinance          Investor                   PUD
2503201004                       0.000                   0.000                     0.000           11.375           0.000                736   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503201136                       0.000                   0.000                     0.000           10.990           0.000                751   Stated                                   Purchase                    Owner Occupied             CONDO
2503201382                       0.000                   0.000                     0.000           11.700           0.000                736   Stated                                   Purchase                    Owner Occupied             CONDO
2503201420                       0.000                   0.000                     0.000           11.090           0.000                680   Stated                                   Purchase                    Owner Occupied             CONDO
2503201431                       0.000                   0.000                     0.000           11.250           0.000                680   Stated                                   Purchase                    Owner Occupied             CONDO
2503201464                       0.000                   0.000                     0.000           12.000           0.000                703   Stated                                   Purchase                    Second Home                D-PUDS
2503201682                       0.000                   0.000                     0.000           12.740           0.000                675   Stated                                   Purchase                    Owner Occupied             CONDO
2503201723                       0.000                   0.000                     0.000           12.300           0.000                717   Stated                                   Purchase                    Second Home                CONDO
2503201854                       0.000                   0.000                     0.000           11.490           0.000                751   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503201905                       0.000                   0.000                     0.000           11.450           0.000                680   Stated                                   Purchase                    Owner Occupied             SFR
2503202033                       0.000                   0.000                     0.000           11.990           0.000                728   Stated                                   Purchase                    Investor                   D-PUDS
2503202744                       0.000                   0.000                     0.000           12.400           0.000                734   Stated                                   Purchase                    Investor                   CONDO
2503203109                       0.000                   0.000                     0.000           11.800           0.000                710   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503203528                       0.000                   0.000                     0.000           11.190           0.000                702   Stated                                   Purchase                    Owner Occupied             CONDO
2503203636                       0.000                   0.000                     0.000           10.900           0.000                784   Full                                     Purchase                    Investor                   CONDO
2503203681                       0.000                   0.000                     0.000           11.325           0.000                719   Stated                                   Purchase                    Second Home                CONDO
2503203847                       0.000                   0.000                     0.000           12.375           0.000                738   Stated                                   Purchase                    Investor                   CONDO
2503203939                       0.000                   0.000                     0.000           11.770           0.000                752   Stated                                   Cash Out Refinance          Investor                   4-FAMILY
2503203976                       0.000                   0.000                     0.000           11.790           0.000                739   Stated                                   Rate/Term Refinance         Investor                   SFR
2503204077                       0.000                   0.000                     0.000           11.990           0.000                782   Stated                                   Purchase                    Investor                   SFR
2503204131                       0.000                   0.000                     0.000           12.140           0.000                771   Stated                                   Purchase                    Investor                   2-FAMILY
2503204290                       0.000                   0.000                     0.000           11.900           0.000                760   Stated                                   Purchase                    Investor                   4-FAMILY
2503204489                       0.000                   0.000                     0.000           10.044           0.000                746   Full                                     Purchase                    Owner Occupied             CONDO
2503204647                       0.000                   0.000                     0.000           11.250           0.000                724   Full                                     Purchase                    Investor                   SFR
2503204794                       0.000                   0.000                     0.000           10.500           0.000                737   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503204811                       0.000                   0.000                     0.000           11.470           0.000                698   Stated                                   Purchase                    Owner Occupied             CONDO
2503204838                       0.000                   0.000                     0.000           11.990           0.000                769   Stated                                   Purchase                    Investor                   2-FAMILY
2503204930                       0.000                   0.000                     0.000           12.250           0.000                748   Stated                                   Purchase                    Investor                   SFR
2503205203                       0.000                   0.000                     0.000           12.040           0.000                777   Stated                                   Purchase                    Investor                   SFR
2503205309                       0.000                   0.000                     0.000           13.500           0.000                678   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503205726                       0.000                   0.000                     0.000           12.250           0.000                725   Stated                                   Purchase                    Investor                   PUD
2503205768                       0.000                   0.000                     0.000           12.525           0.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503205788                       0.000                   0.000                     0.000           11.990           0.000                780   Stated                                   Cash Out Refinance          Investor                   SFR
2503205822                       0.000                   0.000                     0.000           11.600           0.000                741   Stated                                   Purchase                    Investor                   SFR
2503205952                       0.000                   0.000                     0.000           12.890           0.000                707   Stated                                   Purchase                    Investor                   CONDO
2503206058                       0.000                   0.000                     0.000           11.640           0.000                729   Stated                                   Purchase                    Investor                   SFR
2503206093                       0.000                   0.000                     0.000           11.140           0.000                743   Stated                                   Purchase                    Second Home                SFR
2503206096                       0.000                   0.000                     0.000           11.140           0.000                772   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503206343                       0.000                   0.000                     0.000           12.250           0.000                768   Stated                                   Purchase                    Investor                   CONDO
2503206355                       0.000                   0.000                     0.000           12.500           0.000                751   Stated                                   Purchase                    Investor                   CONDO
2503206511                       0.000                   0.000                     0.000           11.390           0.000                754   Stated                                   Purchase                    Investor                   SFR
2503206597                       0.000                   0.000                     0.000           13.294           0.000                655   Stated                                   Purchase                    Owner Occupied             SFR
2503206647                       0.000                   0.000                     0.000           10.650           0.000                806   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503206827                       0.000                   0.000                     0.000           11.900           0.000                779   Stated                                   Purchase                    Investor                   2-FAMILY
2503206851                       0.000                   0.000                     0.000           12.340           0.000                661   Stated                                   Purchase                    Owner Occupied             SFR
2503206940                       0.000                   0.000                     0.000           12.240           0.000                729   Stated                                   Purchase                    Investor                   SFR
2503207272                       0.000                   0.000                     0.000           10.765           0.000                773   Stated                                   Purchase                    Owner Occupied             CONDO
2503207321                       0.000                   0.000                     0.000           12.313           0.000                779   Stated                                   Purchase                    Investor                   CONDO
2503207620                       0.000                   0.000                     0.000           12.750           0.000                700   Stated                                   Purchase                    Investor                   HI-RISE
2503207734                       0.000                   0.000                     0.000           11.669           0.000                694   Stated                                   Purchase                    Second Home                D-PUDS
2503207816                       0.000                   0.000                     0.000           10.500           0.000                699   Stated                                   Purchase                    Owner Occupied             SFR
2503208009                       0.000                   0.000                     0.000           11.390           0.000                738   Stated                                   Cash Out Refinance          Investor                   SFR
2503208093                       0.000                   0.000                     0.000           12.340           0.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503208296                       0.000                   0.000                     0.000           10.990           0.000                796   Stated                                   Purchase                    Investor                   SFR
2503208346                       0.000                   0.000                     0.000           11.915           0.000                767   Stated                                   Purchase                    Investor                   CONDO
2503208449                       0.000                   0.000                     0.000           12.450           0.000                677   Stated                                   Purchase                    Owner Occupied             CONDO
2503208702                       0.000                   0.000                     0.000           12.340           0.000                665   Stated                                   Purchase                    Owner Occupied             SFR
2503208722                       0.000                   0.000                     0.000           12.390           0.000                751   Stated                                   Rate/Term Refinance         Investor                   CONDO
2503208780                       0.000                   0.000                     0.000           10.159           0.000                680   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503208832                       0.000                   0.000                     0.000           11.850           0.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503208944                       0.000                   0.000                     0.000           13.150           0.000                658   Stated                                   Purchase                    Owner Occupied             CONDO
2503208970                       0.000                   0.000                     0.000           12.375           0.000                655   Stated                                   Purchase                    Owner Occupied             CONDO
2503209102                       0.000                   0.000                     0.000           10.800           0.000                727   Stated                                   Purchase                    Owner Occupied             CONDO
2503209103                       0.000                   0.000                     0.000            9.990           0.000                707   Full                                     Rate/Term Refinance         Owner Occupied             CONDO
2503209110                       0.000                   0.000                     0.000           11.790           0.000                728   Stated                                   Cash Out Refinance          Investor                   SFR
2503209217                       0.000                   0.000                     0.000           11.145           0.000                696   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503209249                       0.000                   0.000                     0.000           11.775           0.000                757   Stated                                   Rate/Term Refinance         Investor                   SFR
2503209376                       0.000                   0.000                     0.000           11.115           0.000                703   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209421                       0.000                   0.000                     0.000           11.740           0.000                726   Stated                                   Purchase                    Investor                   SFR
2503209459                       0.000                   0.000                     0.000           10.990           0.000                707   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503209461                       0.000                   0.000                     0.000           10.460           0.000                753   Stated                                   Purchase                    Owner Occupied             SFR
2503209538                       0.000                   0.000                     0.000           11.000           0.000                700   Stated                                   Purchase                    Owner Occupied             CONDO
2503209582                       0.000                   0.000                     0.000           12.050           0.000                758   Stated                                   Purchase                    Investor                   SFR
2503209869                       0.000                   0.000                     0.000           11.100           0.000                725   Stated                                   Purchase                    Owner Occupied             CONDO
2503209884                       0.000                   0.000                     0.000           10.490           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503209897                       0.000                   0.000                     0.000           11.950           0.000                677   Stated                                   Purchase                    Owner Occupied             CONDO
2503209914                       0.000                   0.000                     0.000           12.340           0.000                660   Stated                                   Purchase                    Owner Occupied             CONDO
2503209952                       0.000                   0.000                     0.000           12.340           0.000                662   Stated                                   Purchase                    Owner Occupied             SFR
2503210006                       0.000                   0.000                     0.000           11.125           0.000                772   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503210148                       0.000                   0.000                     0.000            9.940           0.000                740   Stated                                   Purchase                    Owner Occupied             SFR
2503210186                       0.000                   0.000                     0.000           12.044           0.000                665   Stated                                   Purchase                    Owner Occupied             SFR
2503210226                       0.000                   0.000                     0.000           10.890           0.000                677   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503210286                       0.000                   0.000                     0.000           12.150           0.000                757   Stated                                   Cash Out Refinance          Investor                   SFR
2503210398                       0.000                   0.000                     0.000           13.950           0.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503210455                       0.000                   0.000                     0.000           11.840           0.000                678   Stated                                   Purchase                    Owner Occupied             SFR
2503210488                       0.000                   0.000                     0.000           10.990           0.000                754   Stated                                   Purchase                    Investor                   SFR
2503210522                       0.000                   0.000                     0.000           12.450           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503210657                       0.000                   0.000                     0.000           10.525           0.000                731   Stated                                   Purchase                    Owner Occupied             CONDO
2503210727                       0.000                   0.000                     0.000           11.765           0.000                713   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210752                       0.000                   0.000                     0.000           11.300           0.000                716   Stated                                   Rate/Term Refinance         Investor                   SFR
2503210834                       0.000                   0.000                     0.000           12.500           0.000                652   Stated                                   Purchase                    Owner Occupied             CONDO
2503210926                       0.000                   0.000                     0.000           11.990           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503210947                       0.000                   0.000                     0.000           12.240           0.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503211187                       0.000                   0.000                     0.000           12.090           0.000                662   Stated                                   Purchase                    Owner Occupied             SFR
2503211204                       0.000                   0.000                     0.000           13.540           0.000                657   Stated                                   Purchase                    Owner Occupied             SFR
2503211379                       0.000                   0.000                     0.000           10.250           0.000                735   Stated                                   Purchase                    Owner Occupied             SFR
2503211418                       0.000                   0.000                     0.000           12.175           0.000                758   Stated                                   Cash Out Refinance          Investor                   3-FAMILY
2503211444                       0.000                   0.000                     0.000           10.590           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211467                       0.000                   0.000                     0.000           10.150           0.000                700   Stated                                   Purchase                    Owner Occupied             SFR
2503211468                       0.000                   0.000                     0.000            9.950           0.000                774   Stated                                   Purchase                    Owner Occupied             SFR
2503211495                       0.000                   0.000                     0.000           11.895           0.000                679   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503211668                       0.000                   0.000                     0.000           10.775           0.000                677   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211716                       0.000                   0.000                     0.000           10.875           0.000                705   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211857                       0.000                   0.000                     0.000           10.740           0.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503211881                       0.000                   0.000                     0.000           11.500           0.000                762   Stated                                   Rate/Term Refinance         Investor                   SFR
2503211893                       0.000                   0.000                     0.000           11.844           0.000                664   Stated                                   Purchase                    Owner Occupied             SFR
2503211970                       0.000                   0.000                     0.000           10.750           0.000                783   Stated                                   Purchase                    Owner Occupied             SFR
2503212009                       0.000                   0.000                     0.000           11.515           0.000                757   Stated                                   Rate/Term Refinance         Investor                   SFR
2503212045                       0.000                   0.000                     0.000           12.550           0.000                768   Stated                                   Purchase                    Investor                   HI-RISE
2503212070                       0.000                   0.000                     0.000           12.900           0.000                652   Stated                                   Purchase                    Owner Occupied             SFR
2503212232                       0.000                   0.000                     0.000            9.990           0.000                748   Stated                                   Cash Out Refinance          Owner Occupied             3-FAMILY
2503212340                       0.000                   0.000                     0.000           12.690           0.000                651   Stated                                   Purchase                    Owner Occupied             SFR
2503212453                       0.000                   0.000                     0.000           12.325           0.000                678   Stated                                   Purchase                    Owner Occupied             SFR
2503212459                       0.000                   0.000                     0.000           11.895           0.000                677   Stated                                   Purchase                    Owner Occupied             SFR
2503212476                       0.000                   0.000                     0.000           12.245           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503212505                       0.000                   0.000                     0.000           10.440           0.000                706   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212537                       0.000                   0.000                     0.000           10.060           0.000                763   Stated                                   Purchase                    Owner Occupied             SFR
2503212558                       0.000                   0.000                     0.000           11.075           0.000                742   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
2503212631                       0.000                   0.000                     0.000            9.700           0.000                745   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503212658                       0.000                   0.000                     0.000           12.150           0.000                663   Stated                                   Purchase                    Owner Occupied             SFR
2503212714                       0.000                   0.000                     0.000           10.500           0.000                737   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503212788                       0.000                   0.000                     0.000           11.500           0.000                740   Stated                                   Rate/Term Refinance         Investor                   SFR
2503212915                       0.000                   0.000                     0.000           12.700           0.000                661   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503212989                       0.000                   0.000                     0.000           12.650           0.000                657   Stated                                   Purchase                    Owner Occupied             CONDO
2503213003                       0.000                   0.000                     0.000           10.900           0.000                734   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213058                       0.000                   0.000                     0.000           12.800           0.000                650   Stated                                   Purchase                    Owner Occupied             SFR
2503213097                       0.000                   0.000                     0.000           12.750           0.000                654   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503213177                       0.000                   0.000                     0.000           12.140           0.000                772   Stated                                   Purchase                    Investor                   D-PUDS
2503213235                       0.000                   0.000                     0.000           11.240           0.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503213251                       0.000                   0.000                     0.000           10.000           0.000                678   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503213274                       0.000                   0.000                     0.000            9.550           0.000                709   Full                                     Purchase                    Owner Occupied             PUD
2503213325                       0.000                   0.000                     0.000           10.540           0.000                780   Stated                                   Purchase                    Owner Occupied             4-FAMILY
2503213389                       0.000                   0.000                     0.000           10.490           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213407                       0.000                   0.000                     0.000           11.150           0.000                727   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503213432                       0.000                   0.000                     0.000           10.890           0.000                798   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213443                       0.000                   0.000                     0.000           10.850           0.000                737   Stated                                   Purchase                    Owner Occupied             CONDO
2503213501                       0.000                   0.000                     0.000            9.600           0.000                781   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503213571                       0.000                   0.000                     0.000           10.690           0.000                734   Stated                                   Purchase                    Owner Occupied             SFR
2503213600                       0.000                   0.000                     0.000           10.900           0.000                740   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213606                       0.000                   0.000                     0.000            9.940           0.000                726   Stated                                   Purchase                    Owner Occupied             SFR
2503213608                       0.000                   0.000                     0.000           11.040           0.000                744   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213617                       0.000                   0.000                     0.000           13.500           0.000                659   Stated                                   Purchase                    Owner Occupied             SFR
2503213662                       0.000                   0.000                     0.000           10.440           0.000                758   Stated                                   Purchase                    Owner Occupied             SFR
2503213672                       0.000                   0.000                     0.000           10.250           0.000                722   Stated                                   Cash Out Refinance          Owner Occupied             PUD
2503213844                       0.000                   0.000                     0.000           11.000           0.000                698   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213910                       0.000                   0.000                     0.000           12.500           0.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503213926                       0.000                   0.000                     0.000            9.940           0.000                740   Stated                                   Purchase                    Owner Occupied             SFR
2503213931                       0.000                   0.000                     0.000           11.875           0.000                750   Stated                                   Purchase                    Investor                   D-PUDS
2503214093                       0.000                   0.000                     0.000           13.825           0.000                661   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214105                       0.000                   0.000                     0.000           11.165           0.000                679   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503214183                       0.000                   0.000                     0.000           12.350           0.000                726   Stated                                   Purchase                    Investor                   SFR
2503214188                       0.000                   0.000                     0.000           10.350           0.000                752   Stated                                   Purchase                    Owner Occupied             SFR
2503214195                       0.000                   0.000                     0.000           12.490           0.000                660   Stated                                   Purchase                    Owner Occupied             CONDO
2503214374                       0.000                   0.000                     0.000            9.790           0.000                771   Stated                                   Purchase                    Owner Occupied             SFR
2503214618                       0.000                   0.000                     0.000           10.790           0.000                760   Stated                                   Purchase                    Owner Occupied             CONDO
2503214635                       0.000                   0.000                     0.000           13.240           0.000                744   Stated                                   Purchase                    Investor                   CONDO
2503214701                       0.000                   0.000                     0.000           11.850           0.000                692   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214720                       0.000                   0.000                     0.000           10.290           0.000                764   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214728                       0.000                   0.000                     0.000            9.950           0.000                736   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503214810                       0.000                   0.000                     0.000           12.950           0.000                664   Stated                                   Purchase                    Owner Occupied             HI-RISE
2503214839                       0.000                   0.000                     0.000           13.000           0.000                676   Stated                                   Purchase                    Owner Occupied             SFR
2503214894                       0.000                   0.000                     0.000           12.490           0.000                737   Stated                                   Purchase                    Investor                   PUD
2503215021                       0.000                   0.000                     0.000           11.790           0.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503215105                       0.000                   0.000                     0.000           11.784           0.000                731   Full                                     Purchase                    Investor                   HI-RISE
2503215333                       0.000                   0.000                     0.000           10.750           0.000                698   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503215392                       0.000                   0.000                     0.000           13.375           0.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503215442                       0.000                   0.000                     0.000           10.900           0.000                728   Stated                                   Purchase                    Owner Occupied             SFR
2503215448                       0.000                   0.000                     0.000           10.800           0.000                770   Stated                                   Purchase                    Second Home                PUD
2503215514                       0.000                   0.000                     0.000           11.200           0.000                680   Stated                                   Cash Out Refinance          Owner Occupied             D-PUDS
2503215544                       0.000                   0.000                     0.000           10.700           0.000                802   Stated                                   Purchase                    Owner Occupied             CONDO
2503215598                       0.000                   0.000                     0.000           13.775           0.000                652   Stated                                   Purchase                    Owner Occupied             SFR
2503215644                       0.000                   0.000                     0.000           10.590           0.000                744   Stated                                   Purchase                    Owner Occupied             SFR
2503215665                       0.000                   0.000                     0.000           11.395           0.000                767   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503215774                       0.000                   0.000                     0.000           10.500           0.000                751   Stated                                   Purchase                    Owner Occupied             SFR
2503215798                       0.000                   0.000                     0.000           10.375           0.000                709   Stated                                   Rate/Term Refinance         Second Home                SFR
2503215805                       0.000                   0.000                     0.000           12.600           0.000                657   Stated                                   Purchase                    Owner Occupied             CONDO
2503215835                       0.000                   0.000                     0.000            9.900           0.000                772   Stated                                   Purchase                    Owner Occupied             SFR
2503215962                       0.000                   0.000                     0.000           12.140           0.000                742   Stated                                   Purchase                    Investor                   SFR
2503216064                       0.000                   0.000                     0.000           11.340           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216087                       0.000                   0.000                     0.000           11.250           0.000                696   Stated                                   Purchase                    Owner Occupied             SFR
2503216132                       0.000                   0.000                     0.000           11.000           0.000                715   Stated                                   Purchase                    Owner Occupied             SFR
2503216168                       0.000                   0.000                     0.000           12.600           0.000                747   Stated                                   Purchase                    Investor                   CONDO
2503216200                       0.000                   0.000                     0.000           12.115           0.000                754   Stated                                   Purchase                    Investor                   SFR
2503216343                       0.000                   0.000                     0.000           13.140           0.000                755   Stated                                   Cash Out Refinance          Investor                   CONDO
2503216468                       0.000                   0.000                     0.000           10.250           0.000                737   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503216546                       0.000                   0.000                     0.000           10.700           0.000                695   Stated                                   Purchase                    Owner Occupied             SFR
2503216584                       0.000                   0.000                     0.000           11.250           0.000                686   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
2503216898                       0.000                   0.000                     0.000            9.215           0.000                700   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503216957                       0.000                   0.000                     0.000           11.700           0.000                742   Stated                                   Purchase                    Investor                   SFR
2503217025                       0.000                   0.000                     0.000           10.740           0.000                680   Stated                                   Purchase                    Owner Occupied             SFR
2503217072                       0.000                   0.000                     0.000           10.825           0.000                680   Stated                                   Purchase                    Owner Occupied             SFR
2503217163                       0.000                   0.000                     0.000           12.450           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503217254                       0.000                   0.000                     0.000           10.690           0.000                747   Stated                                   Purchase                    Owner Occupied             SFR
2503217285                       0.000                   0.000                     0.000           10.140           0.000                760   Stated                                   Purchase                    Owner Occupied             SFR
2503217325                       0.000                   0.000                     0.000           10.250           0.000                770   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503217350                       0.000                   0.000                     0.000           10.790           0.000                750   Stated                                   Purchase                    Owner Occupied             CONDO
2503217424                       0.000                   0.000                     0.000           12.500           0.000                656   Stated                                   Purchase                    Owner Occupied             SFR
2503217471                       0.000                   0.000                     0.000           13.000           0.000                805   Stated                                   Purchase                    Investor                   2-FAMILY
2503217504                       0.000                   0.000                     0.000           11.990           0.000                700   Stated                                   Purchase                    Investor                   SFR
2503217520                       0.000                   0.000                     0.000           12.450           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503217693                       0.000                   0.000                     0.000           12.950           0.000                662   Stated                                   Purchase                    Owner Occupied             CONDO
2503217763                       0.000                   0.000                     0.000           11.800           0.000                751   Stated                                   Purchase                    Investor                   2-FAMILY
2503217987                       0.000                   0.000                     0.000           12.840           0.000                665   Stated                                   Purchase                    Owner Occupied             SFR
2503218195                       0.000                   0.000                     0.000           12.450           0.000                754   Stated                                   Purchase                    Investor                   SFR
2503218213                       0.000                   0.000                     0.000           12.540           0.000                732   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
5500003734                       3.000                   1.000                     6.000           12.650           6.650                731   Full                                     Purchase                    Investor                   MULTIFAM
5500003925                       3.000                   1.000                     6.000           12.500           6.500                777   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004053                       3.000                   1.000                     6.000           12.625           6.625                719   Full                                     Purchase                    Investor                   C-RETAIL
5500004058                       3.000                   1.000                     6.000           12.525           6.525                714   Full                                     Purchase                    Investor                   MULTIFAM
5500004097                       3.000                   1.000                     6.000           12.475           6.475                778   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004106                       3.000                   1.000                     6.000           12.375           6.375                711   Full                                     Purchase                    Investor                   MULTIFAM
5500004110                       3.000                   1.000                     6.000           12.950           6.950                710   Full                                     Purchase                    Investor                   MULTIFAM
5500004111                       3.000                   1.000                     6.000           12.950           6.950                739   Full                                     Purchase                    Investor                   MULTIFAM
5500004119                       3.000                   1.000                     6.000           13.125           7.125                688   Full                                     Purchase                    Investor                   MULTIFAM
5500004120                       3.000                   1.000                     6.000           13.125           2.750                688   Full                                     Purchase                    Investor                   MULTIFAM
5500004126                       3.000                   1.000                     6.000           13.075           7.075                682   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004137                       3.000                   1.000                     6.000           12.975           6.975                705   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004150                       3.000                   1.000                     6.000           12.375           6.375                702   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004151                       3.000                   1.000                     6.000           12.375           6.375                702   Full                                     Rate/Term Refinance         Investor                   MULTIFAM
5500004153                       3.000                   1.000                     6.000           12.125           6.125                721   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004155                       3.000                   1.000                     6.000           12.900           6.900                755   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004159                       3.000                   1.000                     6.000           12.975           6.975                728   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004160                       3.000                   1.000                     6.000           14.325           8.325                744   Stated                                   Rate/Term Refinance         Investor                   MULTIFAM
5500004161                       3.000                   1.000                     6.000           12.575           6.575                774   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004164                       3.000                   1.000                     6.000           12.375           6.375                686   Full                                     Purchase                    Investor                   MULTIFAM
5500004170                       3.000                   1.000                     6.000           12.825           6.825                753   Full                                     Purchase                    Investor                   MULTIFAM
5500004171                       3.000                   1.000                     6.000           12.825           6.825                731   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004172                       3.000                   1.000                     6.000           12.875           6.875                783   Full                                     Purchase                    Investor                   MULTIFAM
5500004173                       0.000                   0.000                     0.000            6.750           0.000                739   Full                                     Purchase                    Investor                   C-OFFICE
5500004178                       3.000                   1.000                     6.000           12.500           6.500                716   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004180                       3.000                   1.000                     6.000           12.600           6.600                710   Full                                     Cash Out Refinance          Investor                   C-MBLE_HM
5500004181                       3.000                   1.000                     6.000           12.250           6.250                791   Full                                     Purchase                    Investor                   MULTIFAM
5500004182                       3.000                   1.000                     6.000           12.875           6.875                662   Full                                     Purchase                    Investor                   MULTIFAM
5500004183                       3.000                   1.000                     6.000           13.125           7.125                718   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004186                       3.000                   1.000                     6.000           13.425           7.425                780   Stated                                   Purchase                    Investor                   MULTIFAM
5500004187                       3.000                   1.000                     6.000           12.750           6.750                705   Full                                     Purchase                    Investor                   MULTIFAM
5500004188                       3.000                   1.000                     6.000           13.125           7.125                740   Full                                     Purchase                    Investor                   MULTIFAM
5500004189                       3.000                   1.000                     6.000           13.425           7.425                780   Stated                                   Purchase                    Investor                   MULTIFAM
5500004190                       3.000                   1.000                     6.000           13.925           7.925                737   Stated                                   Purchase                    Investor                   MULTIFAM
5500004191                       3.000                   1.000                     6.000           12.350           6.350                689   Full                                     Rate/Term Refinance         Investor                   MULTIFAM
5500004193                       3.000                   1.000                     6.000           12.475           6.475                800   Full                                     Purchase                    Investor                   MULTIFAM
5500004198                       3.000                   1.000                     6.000           12.525           6.525                758   Full                                     Purchase                    Investor                   MULTIFAM
5500004201                       3.000                   1.000                     6.000           12.525           6.525                761   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004203                       3.000                   1.000                     6.000           12.725           6.725                738   Full                                     Purchase                    Investor                   MULTIFAM
5500004211                       3.000                   3.000                     6.000           12.500           6.500                720   Full                                     Purchase                    Investor                   C-RETAIL
5500004217                       3.000                   1.000                     6.000           12.375           6.375                798   Full                                     Purchase                    Investor                   MULTIFAM
5500004220                       3.000                   1.000                     6.000           12.450           6.450                778   Full                                     Purchase                    Investor                   MULTIFAM
5500004223                       3.000                   1.000                     6.000           12.500           6.500                742   Full                                     Cash Out Refinance          Investor                   C-OFFICE
5500004240                       3.000                   1.000                     6.000           12.400           6.400                738   Full                                     Purchase                    Investor                   MULTIFAM
5500004245                       3.000                   1.000                     6.000           12.675           6.675                746   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004248                       3.000                   1.000                     6.000           12.525           6.525                704   Full                                     Purchase                    Investor                   MULTIFAM
5500004249                       3.000                   1.000                     6.000           12.675           6.675                665   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004252                       3.000                   1.000                     6.000           12.525           6.525                738   Full                                     Purchase                    Investor                   MULTIFAM
5500004255                       3.000                   1.000                     6.000           12.000           6.000                771   Full                                     Rate/Term Refinance         Investor                   C-SELF_STG
5500004276                       3.000                   1.000                     6.000           12.300           6.300                781   Full                                     Purchase                    Investor                   MULTIFAM
5500004283                       3.000                   3.000                     6.000           12.900           6.900                747   Full                                     Purchase                    Investor                   MULTIFAM
5500004292                       3.000                   3.000                     6.000           12.400           6.400                782   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004294                       3.000                   1.000                     6.000           12.400           6.400                782   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004308                       3.000                   1.000                     6.000           12.800           6.800                733   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004318                       3.000                   3.000                     6.000           12.950           6.950                780   Full                                     Purchase                    Investor                   MULTIFAM
5500004319                       3.000                   1.000                     6.000           12.200           6.200                739   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004327                       3.000                   1.000                     6.000           12.375           6.375                783   Full                                     Purchase                    Investor                   MULTIFAM
5500004328                       3.000                   3.000                     6.000           12.075           6.075                696   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500004338                       3.000                   1.000                     6.000           12.950           6.950                668   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005014                       3.000                   1.000                     6.000           12.500           6.500                754   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005064                       3.000                   1.000                     6.000           12.325           6.325                805   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005080                       3.000                   1.000                     6.000           12.475           6.475                719   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005082                       3.000                   1.000                     6.000           12.550           6.550                767   Full                                     Purchase                    Investor                   MULTIFAM
5500005084                       3.000                   1.000                     6.000           12.125           6.125                812   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005103                       3.000                   1.000                     6.000           12.575           6.575                695   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005124                       3.000                   1.000                     6.000           12.325           6.325                716   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005131                       0.000                   0.000                     0.000            6.875           0.000                743   Full                                     Cash Out Refinance          Investor                   C-RETAIL
5500005142                       3.000                   1.000                     6.000           12.025           6.025                770   Full                                     Purchase                    Investor                   MULTIFAM
5500005151                       3.000                   1.000                     6.000           12.200           6.200                780   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005154                       3.000                   1.000                     6.000           12.500           6.500                655   Full                                     Purchase                    Investor                   C-RETAIL
5500005156                       3.000                   1.000                     6.000           12.425           6.425                729   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005158                       3.000                   1.000                     6.000           12.325           6.325                733   Full                                     Purchase                    Investor                   MULTIFAM
5500005159                       3.000                   1.000                     6.000           12.625           6.625                710   Full                                     Cash Out Refinance          Investor                   C-INDUST
5500005161                       3.000                   1.000                     6.000           12.750           6.750                701   SISA                                     Cash Out Refinance          Investor                   MULTIFAM
5500005165                       3.000                   1.000                     6.000           12.750           6.750                726   Full                                     Cash Out Refinance          Investor                   C-RETAIL
5500005170                       3.000                   1.000                     6.000           12.625           6.625                805   Full                                     Cash Out Refinance          Investor                   C-OFFICE
5500005185                       3.000                   1.000                     6.000           12.425           6.425                793   Full                                     Purchase                    Investor                   MULTIFAM
5500005189                       3.000                   1.000                     6.000           12.350           6.350                795   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005196                       3.000                   1.000                     6.000           12.475           6.475                766   Full                                     Purchase                    Investor                   MULTIFAM
5500005199                       0.000                   0.000                     0.000            6.625           0.000                766   Full                                     Cash Out Refinance          Investor                   C-RETAIL
5500005204                       3.000                   1.000                     6.000           12.350           6.350                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005205                       3.000                   1.000                     6.000           12.350           6.350                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005206                       3.000                   1.000                     6.000           12.350           6.350                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005214                       3.000                   1.000                     6.000           11.925           5.925                684   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005215                       3.000                   1.000                     6.000           12.175           6.175                675   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005216                       3.000                   1.000                     6.000           12.475           6.475                701   Full                                     Purchase                    Investor                   MULTIFAM
5500005217                       3.000                   1.000                     6.000           12.175           6.175                675   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005218                       3.000                   1.000                     6.000           12.175           6.175                675   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005220                       3.000                   1.000                     6.000           12.175           6.175                675   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005222                       3.000                   1.000                     6.000           12.350           6.350                736   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005223                       3.000                   1.000                     6.000           11.925           5.925                684   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005225                       3.000                   1.000                     6.000           12.375           6.375                757   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005228                       3.000                   1.000                     6.000           12.800           6.800                778   Full                                     Cash Out Refinance          Investor                   C-INDUST
5500005229                       3.000                   1.000                     6.000           12.675           6.675                797   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005230                       3.000                   1.000                     6.000           13.875           7.875                675   Stated                                   Purchase                    Investor                   MULTIFAM
5500005231                       3.000                   1.000                     6.000           13.550           7.550                766   Stated                                   Cash Out Refinance          Owner Occupied             MULTIFAM
5500005237                       3.000                   1.000                     6.000           12.450           6.450                765   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005238                       3.000                   1.000                     6.000           12.625           6.625                776   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005240                       3.000                   1.000                     6.000           12.100           6.100                731   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005241                       3.000                   1.000                     6.000           12.425           6.425                776   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005242                       3.000                   1.000                     6.000           12.425           6.425                776   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005243                       3.000                   1.000                     6.000           12.225           6.225                715   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005248                       3.000                   1.000                     6.000           13.000           7.000                760   Stated                                   Purchase                    Investor                   MULTIFAM
5500005254                       3.000                   1.000                     6.000           12.300           6.300                762   Full                                     Purchase                    Investor                   MULTIFAM
5500005255                       3.000                   1.000                     6.000           12.700           6.700                763   Full                                     Rate/Term Refinance         Investor                   MULTIFAM
5500005256                       3.000                   1.000                     6.000           12.625           6.625                758   Full                                     Purchase                    Investor                   C-RETAIL
5500005263                       3.000                   1.000                     6.000           12.675           6.675                751   Full                                     Purchase                    Investor                   MULTIFAM
5500005266                       3.000                   1.000                     6.000           13.125           7.125                725   Stated                                   Purchase                    Investor                   MULTIFAM
5500005267                       3.000                   1.000                     6.000           13.800           7.800                725   Stated                                   Purchase                    Investor                   MULTIFAM
5500005268                       3.000                   1.000                     6.000           12.875           6.875                751   Full                                     Purchase                    Investor                   MULTIFAM
5500005275                       3.000                   1.000                     6.000           12.475           6.475                768   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005276                       3.000                   1.000                     6.000           12.475           6.475                768   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005277                       3.000                   1.000                     6.000           12.700           6.700                668   Full                                     Purchase                    Investor                   MULTIFAM
5500005278                       3.000                   1.000                     6.000           12.750           6.750                798   Full                                     Purchase                    Investor                   MULTIFAM
5500005279                       3.000                   1.000                     6.000           12.500           6.500                686   Full                                     Purchase                    Investor                   MULTIFAM
5500005280                       3.000                   1.000                     6.000           12.750           6.750                673   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005281                       3.000                   1.000                     6.000           12.500           6.500                673   Full                                     Rate/Term Refinance         Investor                   MULTIFAM
5500005283                       3.000                   1.000                     6.000           12.250           6.250                775   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005287                       3.000                   1.000                     6.000           12.250           6.250                806   Full                                     Purchase                    Investor                   MULTIFAM
5500005289                       3.000                   1.000                     6.000           12.125           6.125                714   Full                                     Purchase                    Investor                   MULTIFAM
5500005290                       3.000                   1.000                     6.000           12.300           6.300                656   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005293                       3.000                   1.000                     6.000           12.350           6.350                682   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005295                       3.000                   1.000                     6.000           12.400           6.400                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005296                       3.000                   1.000                     6.000           12.475           6.475                751   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005297                       3.000                   1.000                     6.000           12.500           6.500                785   Full                                     Rate/Term Refinance         Investor                   C-OFFICE
5500005298                       3.000                   1.000                     6.000           12.500           6.500                773   Full                                     Purchase                    Investor                   MULTIFAM
5500005300                       3.000                   1.000                     6.000           12.375           6.375                798   Full                                     Purchase                    Investor                   MULTIFAM
5500005301                       3.000                   1.000                     6.000           12.350           6.350                682   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005302                       3.000                   1.000                     6.000           12.350           6.350                682   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005303                       3.000                   1.000                     6.000           12.425           6.425                779   Full                                     Cash Out Refinance          Investor                   C-OFFICE
5500005305                       3.000                   1.000                     6.000           12.150           6.150                773   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005306                       3.000                   1.000                     6.000           12.425           6.425                737   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005307                       3.000                   1.000                     6.000           12.675           6.675                636   Full                                     Purchase                    Investor                   MULTIFAM
5500005308                       3.000                   1.000                     6.000           12.850           6.850                745   SISA                                     Cash Out Refinance          Investor                   MULTIFAM
5500005309                       3.000                   1.000                     6.000           12.250           6.250                779   Full                                     Purchase                    Investor                   MULTIFAM
5500005311                       3.000                   1.000                     6.000           12.550           6.550                705   Full                                     Purchase                    Investor                   MULTIFAM
5500005315                       3.000                   1.000                     6.000           12.175           6.175                702   Full                                     Rate/Term Refinance         Investor                   MULTIFAM
5500005316                       3.000                   1.000                     6.000           11.925           5.925                684   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005319                       3.000                   1.000                     6.000           12.425           6.425                737   Full                                     Purchase                    Investor                   MULTIFAM
5500005322                       3.000                   1.000                     6.000           11.925           5.925                684   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005323                       3.000                   1.000                     6.000           12.225           6.225                772   Full                                     Purchase                    Investor                   MULTIFAM
5500005325                       3.000                   1.000                     6.000           12.600           6.600                780   Full                                     Purchase                    Investor                   MULTIFAM
5500005327                       3.000                   1.000                     6.000           12.050           6.050                768   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005328                       3.000                   1.000                     6.000           12.050           6.050                768   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005329                       3.000                   1.000                     6.000           12.050           6.050                779   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005331                       3.000                   1.000                     6.000           12.450           6.450                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005332                       3.000                   1.000                     6.000           12.375           6.375                711   Full                                     Purchase                    Investor                   MULTIFAM
5500005335                       3.000                   1.000                     6.000           12.425           6.425                754   Full                                     Purchase                    Investor                   MULTIFAM
5500005341                       3.000                   1.000                     6.000           12.625           6.625                750   Full                                     Purchase                    Investor                   MULTIFAM
5500005342                       3.000                   1.000                     6.000           14.250           8.250                689   Stated                                   Purchase                    Investor                   MULTIFAM
5500005344                       3.000                   1.000                     6.000           12.050           6.050                801   Full                                     Purchase                    Investor                   MULTIFAM
5500005353                       3.000                   1.000                     6.000           12.175           6.175                722   Full                                     Purchase                    Investor                   MULTIFAM
5500005355                       3.000                   1.000                     6.000           12.400           6.400                706   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005358                       3.000                   1.000                     6.000           12.425           6.425                769   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005360                       3.000                   1.000                     6.000           12.175           6.175                725   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005361                       3.000                   1.000                     6.000           12.175           6.175                725   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005362                       3.000                   1.000                     6.000           12.675           6.675                769   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005363                       3.000                   1.000                     6.000           12.050           6.050                758   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005364                       3.000                   1.000                     6.000           12.050           6.050                700   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005372                       3.000                   1.000                     6.000           12.300           6.300                681   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005390                       3.000                   1.000                     6.000           12.175           6.175                710   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005413                       3.000                   1.000                     6.000           12.025           6.025                767   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005414                       3.000                   1.000                     6.000           12.025           6.025                766   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005423                       3.000                   1.000                     6.000           12.175           6.175                751   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005425                       3.000                   1.000                     6.000           12.175           6.175                775   Full                                     Purchase                    Investor                   MULTIFAM
5500005426                       3.000                   1.000                     6.000           11.925           5.925                684   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005428                       3.000                   1.000                     6.000           12.350           6.350                808   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005432                       3.000                   1.000                     6.000           12.425           2.500                696   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005436                       3.000                   1.000                     6.000           12.200           6.200                670   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005437                       3.000                   1.000                     6.000           14.500           8.500                632   Stated                                   Purchase                    Investor                   MULTIFAM
5500005442                       3.000                   1.000                     6.000           12.275           6.275                754   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005443                       3.000                   1.000                     6.000           12.175           6.175                697   Full                                     Purchase                    Investor                   MULTIFAM
5500005444                       3.000                   1.000                     6.000           12.840           6.840                762   Full                                     Cash Out Refinance          Investor                   C-MBLE_HM
5500005454                       3.000                   1.000                     6.000           12.100           6.100                700   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005455                       3.000                   1.000                     6.000           11.925           5.925                716   Full                                     Purchase                    Investor                   MULTIFAM
5500005460                       3.000                   1.000                     6.000           12.875           6.875                733   Stated                                   Cash Out Refinance          Investor                   MULTIFAM
5500005470                       3.000                   1.000                     6.000           13.025           7.025                737   Stated                                   Purchase                    Investor                   MULTIFAM
5500005471                       3.000                   1.000                     6.000           12.275           6.275                704   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005472                       3.000                   1.000                     6.000           12.275           6.275                714   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005478                       3.000                   1.000                     6.000           11.925           5.925                759   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005481                       3.000                   1.000                     6.000           13.275           7.275                703   Stated                                   Purchase                    Investor                   MULTIFAM
5500005482                       3.000                   1.000                     6.000           12.375           6.375                669   Full                                     Purchase                    Investor                   MULTIFAM
5500005484                       3.000                   1.000                     6.000           12.425           6.425                763   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005485                       3.000                   1.000                     6.000           13.275           7.275                744   Stated                                   Purchase                    Investor                   MULTIFAM
5500005500                       3.000                   1.000                     6.000           13.400           7.400                753   Stated                                   Purchase                    Investor                   MULTIFAM
5500005501                       3.000                   1.000                     6.000           12.150           6.150                767   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005502                       3.000                   1.000                     6.000           12.700           6.700                737   Full                                     Purchase                    Investor                   MULTIFAM
5500005506                       3.000                   1.000                     6.000           12.250           6.250                736   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005509                       3.000                   1.000                     6.000           12.200           6.200                720   Full                                     Purchase                    Investor                   MULTIFAM
5500005510                       3.000                   1.000                     6.000           12.250           6.250                731   Full                                     Purchase                    Investor                   MULTIFAM
5500005528                       3.000                   1.000                     6.000           12.425           6.425                791   Full                                     Purchase                    Investor                   MULTIFAM
5500005534                       3.000                   1.000                     6.000           12.475           6.475                795   Full                                     Purchase                    Investor                   MULTIFAM
5500005535                       3.000                   1.000                     6.000           12.425           6.425                797   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005556                       3.000                   1.000                     6.000           12.250           6.250                716   Full                                     Cash Out Refinance          Investor                   MULTIFAM
5500005566                       3.000                   1.000                     6.000           12.375           6.375                701   Full                                     Purchase                    Investor                   MULTIFAM
1103620345                       0.000                   0.000                     0.000           12.100           0.000                679   Stated                                   Purchase                    Owner Occupied             SFR
1103636910                       0.000                   0.000                     0.000           11.750           0.000                666   Stated                                   Purchase                    Owner Occupied             SFR
1103639862                       0.000                   0.000                     0.000           12.400           0.000                797   Stated                                   Purchase                    Investor                   SFR
1103646913                       0.000                   0.000                     0.000           11.875           0.000                677   Stated                                   Purchase                    Owner Occupied             SFR
1103647381                       0.000                   0.000                     0.000           12.625           0.000                725   Stated                                   Purchase                    Investor                   CONDO
1103648579                       0.000                   0.000                     0.000           10.250           0.000                697   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103648881                       0.000                   0.000                     0.000           11.875           0.000                725   Stated                                   Purchase                    Investor                   SFR
1103649852                       0.000                   0.000                     0.000           12.375           0.000                651   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103649975                       0.000                   0.000                     0.000           11.875           0.000                702   Stated                                   Rate/Term Refinance         Owner Occupied             CONDO
1103650624                       0.000                   0.000                     0.000           10.000           0.000                707   Stated                                   Rate/Term Refinance         Owner Occupied             SFR
1103651272                       0.000                   0.000                     0.000           10.750           0.000                697   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103652611                       0.000                   0.000                     0.000           12.500           0.000                759   Stated                                   Cash Out Refinance          Investor                   2-FAMILY
1103653036                       0.000                   0.000                     0.000           11.750           0.000                748   Stated                                   Purchase                    Owner Occupied             SFR
1103655581                       0.000                   0.000                     0.000           12.250           0.000                786   Stated                                   Purchase                    Investor                   SFR
1103655643                       0.000                   0.000                     0.000           11.250           0.000                765   Stated                                   Purchase                    Investor                   SFR
1103655747                       0.000                   0.000                     0.000           11.000           0.000                700   Stated                                   Cash Out Refinance          Owner Occupied             SFR
1103656383                       0.000                   0.000                     0.000           10.250           0.000                755   Stated                                   Purchase                    Owner Occupied             D-PUDS
1103657175                       0.000                   0.000                     0.000           12.125           0.000                785   Stated                                   Purchase                    Investor                   SFR
1103659242                       0.000                   0.000                     0.000            9.875           0.000                780   Stated                                   Purchase                    Owner Occupied             D-PUDS
2503207522                       0.000                   0.000                     0.000           11.750           0.000                714   Stated                                   Purchase                    Owner Occupied             SFR
2503208947                       0.000                   0.000                     0.000           11.650           0.000                661   Full                                     Purchase                    Owner Occupied             HI-RISE
2503210914                       0.000                   0.000                     0.000           13.044           0.000                651   Stated                                   Purchase                    Owner Occupied             CONDO
2503210930                       0.000                   0.000                     0.000           10.795           0.000                731   Stated                                   Purchase                    Owner Occupied             SFR
2503211318                       0.000                   0.000                     0.000           10.670           0.000                677   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503211639                       0.000                   0.000                     0.000           10.440           0.000                743   Stated                                   Purchase                    Owner Occupied             SFR
2503211690                       0.000                   0.000                     0.000           12.900           0.000                780   Stated                                   Purchase                    Investor                   4-FAMILY
2503212084                       0.000                   0.000                     0.000            9.750           0.000                712   Full                                     Cash Out Refinance          Owner Occupied             SFR
2503212147                       0.000                   0.000                     0.000           12.650           0.000                659   Stated                                   Purchase                    Owner Occupied             SFR
2503213152                       0.000                   0.000                     0.000           13.340           0.000                679   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503213339                       0.000                   0.000                     0.000           11.400           0.000                761   Stated                                   Purchase                    Owner Occupied             SFR
2503213344                       0.000                   0.000                     0.000           12.520           0.000                653   Stated                                   Purchase                    Owner Occupied             SFR
2503213354                       0.000                   0.000                     0.000           10.450           0.000                748   Stated                                   Purchase                    Owner Occupied             SFR
2503213619                       0.000                   0.000                     0.000           12.100           0.000                725   Stated                                   Purchase                    Owner Occupied             SFR
2503213701                       0.000                   0.000                     0.000           12.200           0.000                666   Stated                                   Purchase                    Owner Occupied             SFR
2503213747                       0.000                   0.000                     0.000           11.140           0.000                693   Stated                                   Cash Out Refinance          Owner Occupied             SFR
2503213867                       0.000                   0.000                     0.000           10.950           0.000                680   Stated                                   Purchase                    Owner Occupied             PUD
2503214005                       0.000                   0.000                     0.000           11.940           0.000                678   Stated                                   Purchase                    Owner Occupied             2-FAMILY
2503214097                       0.000                   0.000                     0.000           10.540           0.000                735   Stated                                   Cash Out Refinance          Owner Occupied             CONDO
2503214168                       0.000                   0.000                     0.000           10.940           0.000                751   Stated                                   Purchase                    Owner Occupied             3-FAMILY
2503214497                       0.000                   0.000                     0.000            9.990           0.000                768   Stated                                   Purchase                    Owner Occupied             SFR
2503214528                       0.000                   0.000                     0.000           10.250           0.000                768   Stated                                   Purchase                    Owner Occupied             SFR
2503214546                       0.000                   0.000                     0.000            9.550           0.000                766   Stated                                   Purchase                    Owner Occupied             SFR
2503214907                       0.000                   0.000                     0.000            9.475           0.000                711   Full                                     Purchase                    Owner Occupied             SFR
2503215130                       0.000                   0.000                     0.000           12.465           0.000                676   Stated                                   Purchase                    Owner Occupied             SFR
2503215452                       0.000                   0.000                     0.000           12.450           0.000                660   Stated                                   Purchase                    Owner Occupied             SFR
2503215555                       0.000                   0.000                     0.000           12.990           0.000                652   Stated                                   Purchase                    Owner Occupied             D-PUDS

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      I

     

    SELLER
      REPRESENTATIONS AND WARRANTIES

     

    Seller’s
      Representations Assigned by Company to Trustee

     

    Representations
      and Warranties. Pursuant to the Mortgage Loan Purchase Agreement, the Seller
      has
      made certain representations and warranties to the Company and the Certificate
      Insurer. The Seller shall confirm such representations and warranties and shall
      deliver a Seller’s Warranty Certificate and an Officer’s Certificate on the
      Closing Date (i) reaffirming such representations and warranties and (ii)
      specifically restating and reaffirming the following representations and
      warranties as of such date. The following representations are, pursuant to
      the
      Pooling and Servicing Agreement, assigned by the Company to the Trustee for
      the
      benefit of the Certificateholders and the Certificate Insurer, together with
      the
      related repurchase rights specified in the Mortgage Loan Purchase Agreement.
      Pursuant to the Mortgage Loan Purchase Agreement, the Seller’s Warranty
      Certificate and related Officer’s Certificate, the Seller affirms each such
      representation and warranty and agrees, consents to and acknowledges the
      assignment thereof to the Trustee. All capitalized terms herein shall have
      the
      meanings assigned in the Pooling and Servicing Agreement and the Seller’s
      Warranty Certificate, as applicable.

     

    The
      Seller hereby represents and warrants to the Company, Certificate Insurer and
      Trustee, as to each Mortgage Loan, that as of the Closing Date or as of such
      other date specifically provided herein:

     

    (i) as
      of the
      Cut-off Date, the information set forth in the Mortgage Loan Schedule hereto
      is
      true and correct in all material respects;

     

    (ii) as
      of the
      Cut-off Date, the Mortgage Loans, individually and in the aggregate, conform
      in
      all material respects to the descriptions thereof in the Prospectus
      Supplement;

     

    (iii) the
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, (i) if required by
      law
      in the jurisdiction where the Mortgaged Property is located, or (ii) to protect
      the interests of the Trustee on behalf of the Certificateholders;

     

    (iv) the
      Mortgage File for each Mortgage Loan contains a true and complete copy of each
      of the documents contained in such Mortgage File, including all amendments,
      modifications and, if applicable, waivers and assumptions that have been
      executed in connection with such Mortgage Loan;

    

    (v) immediately
      prior to the transfer to the Purchaser, the Seller was the sole owner of
      beneficial title and holder of each Mortgage and Mortgage Note relating to the
      Mortgage Loans and is conveying the same free and clear of any and all liens,
      claims, encumbrances, participation interests, equities, pledges, charges or
      security interests of any nature and the Seller has full right and authority
      to
      sell or assign the same pursuant to this Agreement;

     

    

    
      
        
          
          

        

        
          I-1

          
            

          

        

        
          
          

        

      

    

     

    (vi) each
      Mortgage is a valid and enforceable first or second lien on the property
      securing the related Mortgage Note and each Mortgaged Property is owned by
      the
      Mortgagor in fee simple (except with respect to common areas in the case of
      condominiums, PUDs and de minimis PUDs) or by leasehold for a term longer than
      the term of the related Mortgage by at least five years, subject only to (i)
      the
      lien of current real property taxes and assessments, (ii) covenants, conditions
      and restrictions, rights of way, easements and other matters of public record
      as
      of the date of recording of such Mortgage, such exceptions being acceptable
      to
      mortgage lending institutions generally or specifically reflected in the
      appraisal obtained in connection with the origination of the related Mortgage
      Loan or referred to in the lender’s title insurance policy delivered to the
      originator of the related Mortgage Loan and (iii) other matters to which like
      properties are commonly subject which do not materially interfere with the
      benefits of the security intended to be provided by such Mortgage;

     

    (vii) as
      of the
      Cut-off Date, no payment of principal of or interest on or in respect of any
      Mortgage Loan is 30 or more days Delinquent;

     

    (viii) there
      is
      no mechanics’ lien or claim for work, labor or material affecting the premises
      subject to any Mortgage which is or may be a lien prior to, or equal with,
      the
      lien of such Mortgage except those which are insured against by the title
      insurance policy referred to in (xiii) below;

     

    (ix) as
      of the
      Cut off Date, (i) no Mortgage Loan had been 30 days or more Delinquent more
      than
      once during the preceding 12 months, (ii) no Mortgage Loan had been Delinquent
      for 60 days or more during the preceding 12 months and (iii) to the Seller’s
      knowledge, there was no delinquent tax or assessment lien against the property
      subject to any Mortgage, except where such lien was being contested in good
      faith and a stay had been granted against levying on the property;

     

    (x) there
      is
      no valid offset, defense or counterclaim to any Mortgage Note or Mortgage,
      including the obligation of the Mortgagor to pay the unpaid principal and
      interest on such Mortgage Note;

     

    (xi) to
      the
      Seller’s knowledge, except to the extent insurance is in place which will over
      such damage, the physical property subject to any Mortgage is free of material
      damage and is in good repair and there is no proceeding pending or threatened
      for the total or partial condemnation of any Mortgaged Property;

    

    (xii) each
      Mortgage Loan complies in all material respects with applicable local, state
      and
      federal laws, including, without limitation, usury, equal credit opportunity,
      real estate settlement procedures, with respect to the Group 1 Loans and to
      the
      extent applicable, the Group 2 Loans, the Federal Truth In Lending Act and
      disclosure laws, including, but not limited to, any applicable predatory lending
      laws. The consummation of the transactions contemplated hereby, including
      without limitation, the receipt of interest by the owner of such Mortgage Loan
      or the holders of Certificates secured thereby, will not involve the violation
      of any such laws. Each Mortgage Loan is being serviced in all material respects
      in accordance with applicable local, state and federal laws, including, without
      limitation, the Federal Truth In Lending Act and other consumer protection
      laws,
      real estate settlement procedures, usury, equal credit opportunity and
      disclosure laws;

     

    

    
      
        
          
          

        

        
          I-2

          
            

          

        

        
          
          

        

      

    

     

    (xiii) a
      lender’s title insurance policy (on an ALTA or CLTA form) or binder, or other
      assurance of title customary in the relevant jurisdiction therefor in a form
      acceptable to Fannie Mae or Freddie Mac, was issued on the date that each
      Mortgage Loan was created by a title insurance company which, to the best of
      Seller’s knowledge, was qualified to do business in the jurisdiction where the
      related Mortgaged Property is located, insuring the Seller and its successors
      and assigns that the Mortgage is a first priority lien on the related Mortgaged
      Property in the original principal amount of the Mortgage Loan. Seller is the
      sole insured under such lender’s title insurance policy, and such policy, binder
      or assurance is valid and remains in full force and effect, and each such
      policy, binder or assurance shall contain all applicable endorsements including
      a negative amortization endorsement, if applicable. With respect to no more
      than
      10% of the Mortgage Loans, a copy of the original title insurance policy is
      included in the mortgage file;

     

    (xiv) in
      the
      event the Mortgage constitutes a deed of trust, either a trustee, duly qualified
      under applicable law to serve as such, has been properly designated and
      currently so serves and is named in the Mortgage or if no duly qualified trustee
      has been properly designated and so serves, the Mortgage contains satisfactory
      provisions for the appointment of such trustee by the holder of the Mortgage
      at
      no cost or expense to such holder, and no fees or expenses are or will become
      payable by Purchaser to the trustee under the deed of trust, except in
      connection with a trustee’s sale after default by the mortgagor;

     

    (xv) at
      the
      time of origination, each Mortgaged Property was the subject of an appraisal
      which conforms to the Seller’s underwriting requirements, and a complete copy of
      such appraisal is contained in the Mortgage File;

     

    (xvi) neither
      the Seller nor any servicer of the related Mortgage Loans has advanced funds
      or
      knowingly received any advance of funds by a party other than the Mortgagor,
      directly or indirectly, for the payment of any amount required by the Mortgage,
      except for (i) interest accruing from the date of the related Mortgage Note
      or
      date of disbursement of the Mortgage Loan proceeds, whichever is later, to
      the
      date which precedes by 30 days the first Due Date under the related Mortgage
      Note, and (ii) customary advances for insurance and taxes;

     

    (xvii) each
      Mortgage Note, the related Mortgage and other agreements executed in connection
      therewith are genuine, and each is the legal, valid and binding obligation
      of
      the maker thereof, enforceable in accordance with its terms except as such
      enforcement may be limited by bankruptcy, insolvency, reorganization or other
      similar laws affecting the enforcement of creditor’s rights generally and by
      general equity principles (regardless of whether such enforcement is considered
      in a proceeding in equity or at law); and, to the best of Seller’s knowledge,
      all parties to each Mortgage Note and the Mortgage had legal capacity to execute
      the Mortgage Note and the Mortgage and each Mortgage Note and Mortgage has
      been
      duly and properly executed by the Mortgagor;

    

    (xviii) to
      the
      extent required under applicable law, each conduit seller and subsequent
      mortgagee or servicer of the Mortgage Loans was authorized to transact and
      do
      business in the jurisdiction in which the related Mortgaged Property is located
      at all times when it held or serviced the Mortgage Loan; and any obligations
      of
      the holder of the related Mortgage Note, Mortgage and other loan documents
      have
      been complied with in all material respects; servicing of each Mortgage Loan
      has
      been in accordance with the servicing standard set forth in Section 3.01 of
      the
      Pooling and Servicing Agreement and the terms of the Mortgage Notes, the
      Mortgage and other loan documents, whether the creation of such Mortgage Loan
      and servicing was done by the Seller, its affiliates, or any third party which
      created the Mortgage Loan on behalf of, or sold the Mortgage Loan to, any of
      them, or any servicing agent of any of the foregoing;

     

    

    
      
        
          
          

        

        
          I-3

          
            

          

        

        
          
          

        

      

    

     

    (xix) the
      related Mortgage Note and Mortgage contain customary and enforceable provisions
      such as to render the rights and remedies of the holder adequate for the
      realization against the Mortgaged Property of the benefits of the security,
      including realization by judicial, or, if applicable, non judicial foreclosure,
      and, to the Seller’s knowledge, there is no homestead or other exemption
      available to the Mortgagor which would interfere with such right to
      foreclosure;

     

    (xx) except
      with respect to holdbacks required by certain Mortgage Loans which holdbacks
      create a fund for (i) the repair of Mortgaged Property due to damage from
      adverse weather conditions, or (ii) the completion of new construction, or
      both,
      the proceeds of the Mortgage Loans have been fully disbursed, there is no
      requirement for future advances thereunder and any and all requirements as
      to
      completion of any on site or off site improvements and as to disbursements
      of
      any escrow funds therefor have been complied with; and all costs, fees and
      expenses incurred in making, closing or recording the Mortgage Loan have been
      paid, except recording fees with respect to Mortgages not recorded as of the
      Closing Date;

     

    (xxi) as
      of the
      Closing Date, the improvements on each Mortgaged Property securing a Mortgage
      Loan is insured (by an insurer which is acceptable to the Seller) against loss
      by fire and such hazards as are covered under a standard extended coverage
      endorsement in the locale in which the Mortgaged Property is located, in an
      amount which is not less than the lesser of the maximum insurable value of
      the
      improvements securing such Mortgage Loan or the outstanding principal balance
      of
      the Mortgage Loan, but in no event in an amount less than an amount that is
      required to prevent the Mortgagor from being deemed to be a co insurer
      thereunder; if the improvement on the Mortgaged Property is a condominium unit,
      it is included under the coverage afforded by a blanket policy for the
      condominium project; with respect to the Group 1 Loans only, if upon origination
      of the related Mortgage Loan, the improvements on the Mortgaged Property were
      in
      an area identified as a federally designated flood area, a flood insurance
      policy is in effect in an amount representing coverage not less than the least
      of (i) the outstanding principal balance of the Mortgage Loan, (ii) the
      restorable cost of improvements located on such Mortgaged Property or (iii)
      the
      maximum coverage available under federal law; and each Mortgage obligates the
      Mortgagor thereunder to maintain the insurance referred to above at the
      Mortgagor’s cost and expense;

    

    (xxii) there
      is
      no monetary default existing under any Mortgage or the related Mortgage Note
      and
      there is no material event which, with the passage of time or with notice and
      the expiration of any grace or cure period, would constitute a default, breach
      or event of acceleration; and neither the Seller, any of its affiliates nor
      any
      servicer of any Mortgage Loan has taken any action to waive any default, breach
      or event of acceleration; no foreclosure action is threatened or has been
      commenced with respect to any Mortgage Loan;

     

    

    
      
        
          
          

        

        
          I-4

          
            

          

        

        
          
          

        

      

    

     

    (xxiii) to
      the
      Seller’s knowledge, no Mortgagor, at the time of origination of the applicable
      Mortgage, was a debtor in any state or federal bankruptcy or insolvency
      proceeding;

     

    (xxiv) with
      respect to the Group 2 Loans only, each Mortgage Loan was originated or funded
      by (a) a savings and loan association, savings bank, commercial bank, credit
      union, insurance company or similar institution which is supervised and examined
      by a federal or state authority (or originated by (i) a subsidiary of any of
      the
      foregoing institutions which subsidiary is actually supervised and examined
      by
      applicable regulatory authorities or (ii) a mortgage loan correspondent of
      any
      of the foregoing and that was originated pursuant to the criteria established
      by
      any of the foregoing) or (b) a mortgagee approved by the Secretary of Housing
      and Urban Development pursuant to sections 203 and 211 of the National Housing
      Act, as amended;

     

    (xxv) with
      respect to the Group 1 Loans only, all inspections, licenses and certificates
      required to be made or issued with respect to all occupied portions of the
      Mortgaged Property and, with respect to the use and occupancy of the same,
      including, but not limited to, certificates of occupancy and fire underwriting
      certificates, have been made or obtained from the appropriate
      authorities;

     

    (xxvi) to
      the
      Seller’s knowledge, the Mortgaged Property and all improvements thereon comply
      with all requirements of any applicable zoning and subdivision laws and
      ordinances;

     

    (xxvii) no
      instrument of release or waiver has been executed in connection with the
      Mortgage Loans, and no Mortgagor has been released, in whole or in part, except
      in connection with an assumption agreement which has been approved by the
      primary mortgage guaranty insurer, if any, and which has been delivered to
      the
      Trustee;

     

    (xxviii) [Reserved]

     

    (xxix) no
      Mortgage Loan was originated based on an appraisal of the related Mortgaged
      Property made prior to completion of construction of the improvements thereon
      unless a certificate of completion was obtained prior to closing of the Mortgage
      Loan;

     

    (xxx) with
      respect to the Group 1 Loans only, each of the Mortgaged Properties consists
      of
      a single parcel of real property with a detached single family residence erected
      thereon, or a two to four family dwelling, or an individual condominium unit
      in
      a condominium project or a townhouse, a condohotel, an individual unit in a
      PUD
      or an individual unit in a de minimis PUD;

     

    (xxxi) with
      respect to the Group 1 Loans only, no Mortgaged Property consists of a single
      parcel of real property with a cooperative housing development erected thereon.
      Any condominium unit, PUD or de minimis PUD conforms with Progressive Loan
      Series Program requirements regarding such dwellings or is covered by a waiver
      confirming that such condominium unit, PUD or de minimis PUD is acceptable
      to
      the Seller;

     

    (xxxii) each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G 2(a)(1);

     

    

    
      
        
          
          

        

        
          I-5

          
            

          

        

        
          
          

        

      

    

    

     

    (xxxiii) 
      with
      respect to each Mortgage Loan directly originated by the Seller (and not through
      a third party broker or other third party) as of the Closing Date, to the best
      of Seller’s knowledge, there has been no fraud, misrepresentation or dishonesty
      with respect to the origination of any Mortgage Loan;

     

    (xxxiv) 
      no
      selection procedure reasonably believed by the Seller to be adverse to the
      interests of the Certificateholders or the Certificate Insurer was utilized
      in
      selecting the Mortgage Loans;

     

    (xxxv) 
      with
      respect to the Group 1 Loans only, no Mortgage Loan is subject to the Home
      Ownership and Equity Protection Act of 1994 or any comparable state
      law;

     

    (xxxvi) 
      with
      respect to the Group 1 Loans only, no proceeds from any Mortgage Loan were
      used
      to finance single premium credit insurance policies;

     

    (xxxvii) with
      respect to the Group 1 Loans only, no Mortgage Loan provides for payment of
      a
      Prepayment Charge on Principal Prepayments made more than five years from the
      date of the first contractual Due Date of the related Mortgage
      Loan;

     

    (xxxviii) with
      respect to the Group 1 Loans only, none of the Mortgage Loans is a “high cost
      home loan” as defined in the Georgia Fair Lending Act, as amended (the “Georgia
      Act”), the New York Predatory Lending Law, codified as N.Y. Banking Law §6 I,
      N.Y. Gen. Bus. Law §771 a, and N.Y. Real Prop. Acts Law §1302 (together, the
“New York Act”), the Arkansas Home Loan Protection Act, as amended (the
“Arkansas Act”), or Kentucky Revised Statutes §360.100, as amended (the
“Kentucky Act”); and all the Mortgage Loans that are subject to the Georgia Act,
      the New York Act, the Arkansas Act and the Kentucky Act comply with the
      requirements of each such act. Each Mortgage Loan for which the related
      Mortgaged Property is located in the State of Georgia was originated prior
      to
      October 1, 2002, or on or after March 7, 2003;

     

    (xxxix) 
      with
      respect to the Group 1 Loans only, no mortgage loan in the trust is a “high cost
      home,” “covered” (excluding home loans defined as “covered home loans” in the
      New Jersey Home Ownership Security Act of 2002 that were originated between
      November 26, 2003 and July 7, 2004), “high risk home” or “predatory” loan under
      any other applicable state, federal or local law (or a similarly classified
      loan
      using different terminology under a law imposing heightened regulatory scrutiny
      or additional legal liability for residential mortgage loans having high
      interest rates, points and/or fees);

    

    (xl) with
      respect to the Group 1 Loans only, no subprime mortgage loan originated on
      or
      after October 1, 2002 underlying the Security will impose a prepayment premium
      for a term in excess of three years. Any loans originated prior to such date,
      and any non subprime loans, will not impose prepayment penalties in excess
      of
      five years;

     

    (xli) with
      respect to the Group 1 Loans only, the servicer for each mortgage loan
      underlying the Security has fully furnished and will fully furnish, in
      accordance with the Fair Credit Reporting Act and its implementing regulations,
      accurate and complete information (i.e., favorable and unfavorable) on its
      borrower credit files to Equifax, Experian, and Trans Union Credit Information
      Company (three of the credit repositories), on a monthly basis;

     

    

    
      
        
          
          

        

        
          I-6

          
            

          

        

        
          
          

        

      

    

     

    (xlii) with
      respect to the Group 1 Loans only, with respect to any mortgage loan originated
      on or after August 1, 2004 and underlying the Security, neither the related
      mortgage nor the related mortgage note requires the borrower to submit to
      arbitration to resolve any dispute arising out of or relating in any way to
      the
      mortgage loan transaction;

     

    (xliii) with
      respect to the Group 1 Loans only and the Group 2 Loans to the extent
      applicable, no mortgage loan is a High Cost Loan or Covered Loan, as applicable
      (as such terms are defined in the then current Standard & Poor’s LEVELS®
Glossary which is now Version 5.7 Revised, Appendix E, attached as Exhibit
      3
      hereto) and no mortgage loan originated on or after October 1, 2002 through
      March 6, 2003 is secured by property located in the State of
      Georgia;

     

    (xliv) information
      provided to the rating agencies, including the loan level detail, is true and
      correct according to the rating agency requirements;

     

    (xlv) with
      respect to the Group 1 Loans only, the prepayment penalties included in the
      transaction are enforceable and were originated in compliance with all
      applicable federal, state and local laws;

     

    (xlvi) the
      schedule of Prepayment Charges is true and correct;

     

    (xlvii) with
      respect to the Group 2 Loans only, any assignment of leases, rents and profits
      or similar document or instrument executed by the related Mortgagor in
      connection with the origination of the related Mortgage Loan, as such document
      may be amended, modified, renewed or extended from time to time (the “Assignment
      of Leases and Rents”) establishes and creates a valid and, subject to the
      exceptions set forth in clause (vi) above, enforceable first priority collateral
      assignment of, or lien on, the related Mortgagor’s interest in all leases,
      subleases, licenses or other agreements pursuant to which any person is entitled
      to occupy, use or possess all or any portion of the real property subject to
      the
      related Mortgage, subject to legal limitations of general applicability to
      mortgage loans similar to the Mortgage Loans, and each of the Mortgagor, each
      assignor of such Assignment or Leases and Rents to the Seller and the Seller
      has
      the full right to assign the same. Each Mortgage Loan contains an Assignment
      of
      Leases and Rents, and such Assignment of Lease and Rents is included either
      in
      the related Mortgage or in a related separate assignment document. The related
      assignment of any Assignment of Leases and Rents not included in the related
      Mortgage has been executed and delivered to the Depositor in blank, is otherwise
      in recordable form and constitutes a legal, valid and binding assignment,
      sufficient to convey to the assignee named therein (assuming that the assignee
      has the capacity to acquire such Assignment of Leases and Rents) all of the
      assignor’s right, title and interest in, to and under such Assignment of Leases
      and Rents;

    

    (xlviii) 
      with
      respect to the Group 2 Loans only, each Title Policy contains no exclusions
      for
      or affirmatively insures (other than in jurisdictions where affirmative
      insurance is unavailable), (i) access to public roads and (ii) against material
      losses due to encroachments of any part of the building thereon over
      easements;

     

    (xlix) with
      respect to the Group 2 Loans only, the related Mortgage Loan documents provide
      for the appointment of a receiver of rents following an event of default under
      such loan documents, to the extent available under applicable law;

     

    

    
      
        
          
          

        

        
          I-7

          
            

          

        

        
          
          

        

      

    

     

    (l) with
      respect to the Group 2 Loans only, a Phase I Environmental Assessment or a
      Transaction Screen Analysis meeting ASTM standards was performed with respect
      to
      the mortgaged property in connection with the origination of the related
      mortgage loan, and none of the Phase I Environmental Assessments or Transaction
      Screen Analyses identified, and the Mortgage Loan Seller has no knowledge of,
      any material and adverse environmental condition or circumstance affecting
      such
      Mortgaged Property. Each Mortgage requires the related Mortgagor to comply
      with
      all applicable federal, state and local environmental laws and
      regulations;

     

    (li) with
      respect to the Group 2 Loans only, a flood insurance policy (if any portion
      of
      buildings or other structures (excluding parking) on the Mortgaged Property
      are
      located in an area identified by the Federal Emergency Management Agency
      (“FEMA”) as a special flood hazard area (which “special flood hazard area” does
      not include areas designated by FEMA as Zones B, C or X)). With respect to
      each
      Mortgaged Property, such Mortgaged Property is required pursuant to the related
      Mortgage to be (or the holder of the Mortgage can require that the Mortgaged
      Property be), and at origination the Mortgage Loan Seller received evidence
      that
      such Mortgaged Property was, insured by a general liability insurance policy
      in
      amounts as are generally required by multi-family and commercial mortgage
      lenders (as applicable) for similar properties. Under such insurance policies
      either (A) the Mortgage Loan Seller is named as mortgagee and a loss payee
      under
      a standard mortgagee clause or (B) the Mortgage Loan Seller and/or related
      servicer is named as an additional insured, and is entitled to receive prior
      notice as the holder of the Mortgage of termination or cancellation. No such
      notice has been received, including any notice of nonpayment of premiums, which
      has not been cured. Each Mortgage obligates the related Mortgagor to maintain
      or
      cause to be maintained all such insurance and, upon such Mortgagor’s failure to
      do so, authorizes the holder of the Mortgage to maintain or to cause to be
      maintained such insurance at the Mortgagor’s cost and expense and to seek
      reimbursement therefor from such Mortgagor. Each Mortgage Loan provides that
      any
      related insurance proceeds, other than for a total loss or taking, will be
      applied either to the repair or restoration of all or part of the related
      Mortgaged Property, with the mortgagee or a trustee appointed by the mortgagee
      having the right to hold and disburse such proceeds as the repair or restoration
      progresses (except in such cases where a provision entitling another party
      to
      hold and disburse such proceeds would not be viewed as commercially unreasonable
      by a prudent multi-family and commercial mortgage lender (as applicable)),
      or to
      the payment of the outstanding principal balance of the Mortgage Loan together
      with any accrued interest thereon, and any insurance proceeds in respect of
      a
      total or substantially total loss or taking may be applied either to payment
      of
      outstanding principal and interest on the Mortgage Loan (except as otherwise
      provided by law) or to rebuilding of the Mortgaged Property;

    

    (lii) with
      respect to the Group 2 Loans only, as of the Closing Date, there are no
      delinquent rents on any ground leases for any Mortgaged Property;

     

    (liii) with
      respect to the Group 2 Loans only, Each Mortgaged Property consists of the
      related Mortgagor’s fee simple estate in real estate (the “Fee Interest”) or the
      related Mortgage Loan is secured in whole or in part by the interest of the
      related Mortgagor as a lessee under a ground lease of the Mortgaged Property
      (a
“Ground Lease”), and if secured in whole or in part by a Ground Lease, either
      (1) the ground lessor’s fee interest is subordinated to the lien of the Mortgage
      and the Mortgage will not be subject to any lien or encumbrances on the ground
      lessor’s fee interest, other than Permitted Encumbrances, and the holder of the
      Mortgage is permitted to foreclose the ground lessor’s fee interest within a
      commercially reasonable time period or (2) the following apply to such Ground
      Lease:

     

    

    
      
        
          
          

        

        
          I-8

          
            

          

        

        
          
          

        

      

    

     

     

    
      	 	
              (A)

            	
              Such
                Ground Lease or a memorandum thereof has been or will be duly recorded;
                such Ground Lease (or the related estoppel letter or lender protection
                agreement between the Mortgage Loan Seller and related lessor) permits
                the
                interest of the lessee thereunder to be encumbered by the related
                Mortgage; and there has been no material change in the payment terms
                of
                such Ground Lease since the origination of the related Mortgage Loan,
                with
                the exception of material changes reflected in written instruments
                that
                are a part of the related Mortgage
                File;

            

    

     

    
      	 	
              (B)

            	
              The
                Mortgagor’s interest in such Ground Lease is not subject to any liens or
                encumbrances superior to, or of equal priority with, the related
                Mortgage,
                other than the ground lessor’s related fee interest and Permitted
                Encumbrances;

            

    

     

    
      	 	
              (C)

            	
              The
                Mortgagor’s interest in such Ground Lease is assignable to the Depositor
                and its successors and assigns upon notice to, but without the consent
                of,
                the lessor thereunder (or, if such consent is required, it has been
                obtained prior to the Closing Date) and, in the event that it is
                so
                assigned, is further assignable by the Depositor and its successors
                and
                assigns upon notice to, but without the need to obtain the consent
                of,
                such lessor;

            

    

     

    
      	 	
              (D)

            	
              Such
                Ground Lease is in full force and effect, and the Mortgage Loan Seller
                has
                received no notice that an event of default has occurred thereunder,
                and,
                to the best of Mortgage Loan Seller’s knowledge, there exists no condition
                that, but for the passage of time or the giving of notice, or both,
                would
                result in a material default under the terms of such Ground
                Lease;

            

    

     

    
      	 	
              (E)

            	
              Such
                Ground Lease, or an estoppel letter or other agreement, requires
                the
                lessor under such Ground Lease to give notice of any default by the
                lessee
                to the mortgagee (concurrent with notice given to the lessee), provided
                that the mortgagee has provided the lessor with notice of its lien
                in
                accordance with the provisions of such Ground Lease, and such Ground
                Lease, or an estoppel letter or other agreement, further provides
                that no
                notice of termination given under such Ground Lease is effective
                against
                the mortgagee unless a copy has been delivered to the mortgagee.
                The
                Mortgage Loan Seller has provided the lessor under the Ground Lease
                with
                notice of the Mortgage Loan Seller’s lien on the Mortgaged Property in
                accordance with the provisions of such Ground
                Lease;

            

    

    

    
      	 	
              (F)

            	
              A
                mortgagee is permitted a reasonable opportunity (including, where
                necessary, sufficient time to gain possession of the interest of
                the
                lessee under such Ground Lease) to cure any default under such Ground
                Lease, which is curable after the receipt of notice of any such default,
                before the lessor thereunder may terminate such Ground Lease by reason
                of
                such default;

            

    

     

    

    
      
        
          
          

        

        
          I-9

          
            

          

        

        
          
          

        

      

    

     

     

    
      	 	
              (G)

            	
              Such
                Ground Lease has an original term, along with any extensions set
                forth in
                such Ground Lease, not less than 10 years beyond the full amortization
                term of the Mortgage Loan (or if such Mortgage Loan does not fully
                amortize over its terms, 20 years beyond its maturity
                date);

            

    

     

    
      	 	
              (H)

            	
              Under
                the terms of such Ground Lease and the related Mortgage, taken together,
                any related insurance proceeds, other than for a total loss or taking,
                will be applied either to the repair or restoration of all or part
                of the
                related Mortgaged Property, with the mortgagee or a trustee appointed
                by
                the mortgagee having the right to hold and disburse such proceeds
                as the
                repair or restoration progresses (except in such cases where a provision
                entitling another party to hold and disburse such proceeds would
                not be
                viewed as commercially unreasonable by a prudent multi-family and
                commercial mortgage lender (as applicable)), or to the payment of
                the
                outstanding principal balance of the Mortgage Loan together with
                any
                accrued interest thereon, and any insurance proceeds in respect of
                a total
                or substantially total loss or taking may be applied either to payment
                of
                outstanding principal and interest on the Mortgage Loan (except as
                otherwise provided by law) or to rebuilding of the Mortgaged
                Property;

            

    

     

    
      	 	
              (I)

            	
              Such
                Ground Lease does not impose any restrictions on subletting which
                would be
                viewed, as commercially unreasonable by the Mortgage Loan Seller;
                and such
                Ground Lease contains a covenant that the lessor thereunder is not
                permitted, in the absence of an uncured default, to disturb the
                possession, interest or quiet enjoyment of any subtenant of the lessee,
                or
                in any manner, which would materially and adversely affect the security
                provided by the related Mortgage;

            

    

     

    
      	 	
              (J)

            	
              Such
                Ground Lease, or an estoppel or other agreement, requires the lessor
                to
                enter into a new lease with the Mortgage Loan Seller or its successors
                or
                assigns in the event of a termination of the Ground Lease by reason
                of a
                default by the Mortgagor under the Ground Lease, including rejection
                of
                the Ground Lease in a bankruptcy proceeding;
                and

            

    

    

    
      	 	
              (K)

            	
              Such
                Ground Lease may not be materially amended, modified or, except in
                the
                case of a default, cancelled or terminated without the prior written
                consent of the holder of the Mortgage Loan, and any such action without
                such consent is not binding on such holder, including any increase
                in the
                amount of rent payable by the lessee thereunder during the term of
                the
                Mortgage Loan;

            

    

     

    (liv) with
      respect to the Group 2 Loans only, no Mortgage Loan is a negative amortization
      mortgage loan, contains any equity participation or provides for any contingent
      or additional interest in the form of participation in the cash flow of the
      related Mortgaged Property. Neither the Mortgage Loan Seller nor any Affiliate
      thereof has any obligation to make any capital contribution to the Mortgagor
      under the Mortgage Loan or otherwise;

     

    

    
      
        
          
          

        

        
          I-10

          
            

          

        

        
          
          

        

      

    

     

    (lv) with
      respect to the Group 2 Loans only, to the best of Mortgage Loan Seller’s
      knowledge, based on due diligence that it customarily performs in the
      origination of comparable mortgage loans, as of the date of origination of
      each
      Mortgage Loan, the related Mortgagor was in possession of all material licenses,
      permits and franchises required by applicable law for the ownership and
      operation of the related Mortgaged Property as it was then
      operated;

     

    (lvi) with
      respect to the Group 2 Loans only, to the Mortgage Loan Seller’s knowledge, any
      franchise agreement applicable to the operation of any Mortgaged Property is
      in
      full force and effect and there is currently no default or imminent default
      under any such franchise agreement;

     

    (lvii) with
      respect to the Group 2 Loans only, each Mortgaged Property contains one or
      more
      separate tax lots (or will constitute separate tax lots when the next tax maps
      are issued) or is subject to an endorsement under the related Title
      Policy;

     

    (lviii) with
      respect to the Group 2 Loans only, to the best of Mortgage Loan Seller’s
      knowledge, each Mortgaged Property has adequate access to public ways and is
      served by utilities, including, without limitation, adequate water, sewer,
      electricity, gas, telephone, sanitary sewer, and storm drain facilities. To
      the
      best of Mortgage Loan Seller’s knowledge all public utilities necessary to the
      continued use and enjoyment of each Mortgaged Property as presently used and
      enjoyed are located in the public right-of-way abutting such Mortgaged Property,
      and all such utilities are connected so as to serve such Mortgaged Property
      without passing over other property. To the best of Mortgage Loan Seller’s
      knowledge, all roads necessary for the full use of each Mortgaged Property
      for
      such Mortgaged Property’s current purpose have been completed and dedicated to
      public use and accepted by all governmental authorities or are subject of access
      easements for the benefit of such Mortgage Property;

     

    (lix) the
      information set forth in the prepayment penalty schedule (including the
      prepayment penalty summary attached thereto) is complete, true and correct
      in
      all material respects on the date or dates when such information is furnished
      and each prepayment penalty is permissible and enforceable in accordance with
      its terms (except to the extent that the enforceability thereof may be limited
      by bankruptcy, insolvency, moratorium, receivership and other similar laws
      affecting creditor’s rights generally or the collectability thereof may be
      limited due to acceleration in connection with a foreclosure) under applicable
      federal, state and local law;

    

      (lx) the
        Servicer will not waive any prepayment penalty or part of a prepayment penalty
        unless such waiver would maximize recovery of total proceeds taking into
        account
        the value of such prepayment penalty and related mortgage loan and doing
        so is
        standard and customary in servicing mortgage loans similar to the mortgage
        loans
        (including any waiver of a prepayment penalty in connection with a refinancing
        of a mortgage loan that is related to a default or a reasonably foreseeable
        default), and in no event will it waive a prepayment penalty in connection
        with
        a refinancing of a mortgage loan that is not related to a default or a
        reasonably foreseeable default; and the Servicer will not waive any part
        of any
        prepayment penalty unless the waiver relates to a default or a reasonably
        foreseeable default, the prepayment penalty would cause an undue hardship
        to the
        related borrower, the Mortgaged Property is sold by the Mortgagor, the
        collection of any prepayment penalty would violate any relevant law or
        regulation or the waiving of the prepayment penalty would otherwise benefit
        the
        Trust Fund and it is expected that the waiver would maximize recovery of
        total
        proceeds taking into account the value of the prepayment penalty and related
        Mortgage Loan and doing so is standard and customary in servicing similar
        Mortgage Loans (including any waiver of a prepayment penalty in connection
        with
        a refinancing of a Mortgage Loan that is related to a default or a reasonably
        foreseeable default). The Servicer will not waive a prepayment penalty in
        connection with a refinancing of a Mortgage Loan that is not related to a
        default or a reasonably foreseeable default.

    

    
      
        
          
          

        

        
          I-11

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      J

     

    FORM
      OF
      NOTICE UNDER SECTION 3.24 OF POOLING AND SERVICING AGREEMENT

     

    March
      ___, 2007

     

    Deutsche
      Bank National Trust Company

    1761
      East
      St. Andrew Place

    Santa
      Ana, California 92705-4934

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.

            
	 	 	
              Mortgage
                Pass-Through Certificates

              Series
                2007-2__________________

            
	 	 	 

    

    Pursuant
      to Section 3.25 of the Pooling and Servicing Agreement, dated as of March 1,
      2007, relating to the Certificates referenced above, the undersigned does hereby
      notify you that:

     

    (a) The
      prepayment assumption used in pricing the Certificates with respect to the
      Mortgage Loans in Series 2007-2 consisted of a Prepayment Assumption (the
“Prepayment Assumption”) of ____% per annum.

     

    (b) With
      respect to each Class of Certificates comprising the captioned series, set
      forth
      below is (i), the first price, as a percentage of the Certificate Principal
      Balance or Notional Amount of each Class of Certificates, at which 10% of the
      aggregate Certificate Principal Balance or Notional Amount of each such Class
      of
      Certificates was first sold at a single price, if applicable, or (ii) if more
      than 10% of a Class of Certificates have been sold but no single price is paid
      for at least 10% of the aggregate Certificate Principal Balance or Notional
      Amount of such Class of Certificates, then the weighted average price at which
      the Certificates of such Class were sold expressed as a percentage of the
      Certificate Principal Balance or Notional Amount of such Class of Certificates,
      (iii) if less than 10% of the aggregate Certificate Principal Balance or
      Notional Amount of a Class of Certificates has been sold, the purchase price
      for
      each such Class of Certificates paid by [_____________] (the “Underwriter”),
      expressed as a percentage of the Certificate Principal Balance or Notional
      Amount of such Class of Certificates calculated by: (1) estimating the fair
      market value of each such Class of Certificates as of March 29, 2007; (2) adding
      such estimated fair market value to the aggregate purchase prices of each Class
      of Certificates described in clause (i) or (ii) above; (3) dividing each of
      the
      fair market values determined in clause (1) by the sum obtained in clause (2);
      (4) multiplying the quotient obtained for each Class of Certificates in clause
      (3) by the purchase price paid by the Underwriters for all the Certificates
      purchased by it; and (5) for each Class of Certificates, dividing the product
      obtained from such Class of Certificates in clause (4) by the initial
      Certificate Principal Balance or Notional Amount of such Class of Certificates
      or (iv) the fair market value (but not less than zero) as of the Closing Date
      of
      each Certificate of each Class of Certificates retained by the Company or an
      affiliate corporation, or delivered to the seller:

     

    

    
      
        
          
          

        

        
          J-1

          
            

          

        

        
          
          

        

      

    

    

    

     

    
      	
              Series
                2007-2

            	 
	 	 
	
              Class
                1-A1-A:

            	
              ____%

            
	
              Class
                1-A1-B:

            	
              ____%

            
	
              Class
                1-A1-C:

            	
              ____%

            
	
              Class
                1-AM:

            	
              ____%

            
	
              Class
                1-M-1:

            	
              ____%

            
	
              Class
                1-M-2:

            	
              ____%

            
	
              Class
                1-M-3:

            	
              ____%

            
	
              Class
                1-M-4:

            	
              ____%

            
	
              Class
                1-M-5:

            	
              ____%

            
	
              Class
                1-M-6:

            	
              ____%

            
	
              Class
                1-M-7:

            	
              ____%

            
	
              Class
                1-M-8:

            	
              ____%

            
	
              Class
                1-B:

            	
              ____%

            
	
              Class
                2-A:

            	
              ____%

            
	
              Class
                1-C:

            	
              ____%

            
	
              Class
                1-P:

            	
              ____%

            
	
              Class
                2-C:

            	
              ____%

            
	
              Class
                2-P:

            	
              ____%

            
	
              Class
                R:

            	
              ____%

            

    

    
 

    
      
        
          
          

        

        
          J-2

          
            

          

        

        
          
          

        

      

    

    

    The
      prices and values set forth above do not include accrued interest with respect
      to periods before the closing.

     

    

    
      	 	
              IMPAC
                SECURED ASSETS CORP.

               

               

              By:___________________________

              Name:

              Title:

            

    

    

 

    
      
        
          
          

        

        
          J-3

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      K

     

    IMPAC
      SERVICING GUIDE

     

    (Provided
      Upon Request)

    
 

    
      
        
          
          

        

        
          K-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      L-1

     

    FORM
      10-K
      CERTIFICATION

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.,

            
	 	 	
              Mortgage
                Pass-Through Certificates, Series 2007-2

            
	 	 	 

    

    I,
      [identify the certifying individual], certify that:

     

    1.
      I have
      reviewed this report on Form 10-K and all reports on Form 10-D required to
      be
      filed in respect of the period covered by this report on Form 10-K of [identify
      the issuing entity] (the “Exchange Act periodic reports”);

     

    2.
      Based
      on my knowledge, the Exchange Act periodic reports, taken as a whole, do not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in light of the circumstances under
      which
      such statements were made, not misleading with respect to the period covered
      by
      this report;

     

    3.
      Based
      on my knowledge, all of the distribution, servicing and other information
      required to be provided under Form 10-D for the period covered by this report
      is
      included in the Exchange Act periodic reports;

     

    4.
      [I am
      responsible for reviewing the activities performed by the servicer(s) and based
      on my knowledge and the compliance review(s) conducted in preparing the servicer
      compliance statement(s) required in this report under Item 1123 of Regulation
      AB, and except as disclosed in the Exchange Act periodic reports, the
      servicer(s) [has/have] fulfilled [its/their] obligations under the servicing
      agreement(s); and] [Based on my knowledge and the servicer compliance
      statement(s) required in this report under Item 1123 of Regulation AB, and
      except as disclosed in the Exchange Act periodic reports, the servicer(s)
      [has/have] fulfilled [its/their] obligations under the servicing agreement(s);
      and]

     

    5.
      All of
      the reports on assessment of compliance with servicing criteria for asset-backed
      securities and their related attestation reports on assessment of compliance
      with servicing criteria for asset-backed securities required to be included
      in
      this report in accordance with Item 1122 of Regulation AB and Exchange Act
      Rules
      13a-18 and 15d-18 have been included as an exhibit to this report, except as
      otherwise disclosed in this report. Any material instances of noncompliance
      described in such reports have been disclosed in this report on Form
      10-K.

    

    [In
      giving the certifications above, I have reasonably relied on information
      provided to me by the following unaffiliated parties [name of servicer,
      sub-servicer, co-servicer, depositor or trustee].]

     

    Date:
      . .
      . . . . . . . . . . . .

    _______________________

    [Signature]

    [Title]

    
      
        
          
          

        

        
          L-1-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      L-2

     

    FORM
      10-K
      BACK-UP CERTIFICATION (MASTER SERVICER)

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.,

            
	 	 	
              Mortgage
                Pass-Through Certificates, Series 2007-2

            
	 	 	 

    

    I,
      [Identify the certifying individual], a [_________________] of Impac Funding
      Corporation, as Master Servicer, hereby certify to Impac Secured Assets Corp.
      and its officers, directors and affiliates, and with the knowledge and intent
      that they will rely upon this certification, that:

     

    1. Based
      on
      my knowledge, the distribution information required to be provided by the
      Trustee under the Agreement is included in these distribution
      reports.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated March 1, 2007 (the “Agreement”), among
      Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as Master
      Servicer and Deutsche Bank National Trust Company, as Trustee.

     

    
      	 	
              IMPAC
                FUNDING CORPORATION, as 

              Master
                Servicer

            
	 	 
	 	
              By:__________________________

            
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	
              Date:

            

    

    

    
 

    
      
        
          
          

        

        
          L-2-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      L-3

     

    FORM
      10-K
      BACK-UP CERTIFICATION (TRUSTEE)

     

    
      	 	
              Re:

            	
              Impac
                Secured Assets Corp.,

            
	 	 	
              Mortgage
                Pass-Through Certificates, Series 2007-2

            
	 	 	 

    

    I,
      [Identify the certifying individual], a [______________] of Deutsche Bank
      National Trust Company, as Trustee, hereby certify to Impac Secured Assets
      Corp.
      and its officers, directors and affiliates, and with the knowledge and intent
      that they will rely upon this certification, that:

     

    1. I
      have
      reviewed the annual report on Form 10-K for the fiscal year [__], and all
      reports on Form 10-D containing distribution reports filed in respect of periods
      included in the year covered by that annual report, of the Issuer relating
      to
      the above-referenced trust;

     

    2. Based
      on
      my knowledge, the information in these distribution reports prepared by the
      Trustee, taken as a whole, does not contain any untrue statement of a material
      fact or omit to state a material fact necessary to make the statements made,
      in
      light of the circumstances under which such statements were made, not misleading
      as of the last day of the period covered by that annual report; and

     

    3. Based
      on
      my knowledge, the distribution information required to be provided by the
      Trustee under the Agreement is included in these distribution
      reports.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated March 1, 2007 (the “Agreement”), among
      Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as Master
      Servicer, Deutsche Bank National Trust Company, as Trustee.

     

    
      	 	
              DEUTSCHE
                BANK NATIONAL TRUST 

              COMPANY,
                as 

              Trustee

            
	 	 
	 	
              By:_______________________________

            
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	
              Date:

            
	 	 

    

    
 

    
      
        
          
          

        

        
          L-3-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      L-4

     

    FORM
      OF
      BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE

     

    Re: The
      [ ]
      agreement dated as of [ ],
      200[ ]
      (the “Agreement”), among [IDENTIFY PARTIES]

     

    I,
      ________________________________, the _______________________ of [NAME OF
      COMPANY], certify to [the Purchaser], [the Depositor], and the [Master Servicer]
      [Trustee], and their officers, with the knowledge and intent that they will
      rely
      upon this certification, that:

     

    (1)  I
      have
      reviewed the servicer compliance statement of the Company provided in accordance
      with Item 1123 of Regulation AB (the “Compliance Statement”), the report on
      assessment of the Company’s compliance with the servicing criteria set forth in
      Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance
      with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as amended
      (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing
      Assessment”), the registered public accounting firm’s attestation report
      provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act
      and
      Section 1122(b) of Regulation AB (the “Attestation
      Report”), and all servicing reports, officer’s certificates and other
      information relating to the servicing of the Mortgage Loans by the Company
      during 200[ ] that were delivered by the Company to the [Depositor] [Master
      Servicer] [Trustee] pursuant to the Agreement (collectively, the “Company
      Servicing Information”);

     

    (2) Based
      on
      my knowledge, the Company Servicing Information, taken as a whole, does not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in the light of the circumstances under
      which such statements were made, not misleading with respect to the period
      of
      time covered by the Company Servicing Information;

     

    (3) Based
      on
      my knowledge, all of the Company Servicing Information required to be provided
      by the Company under the Agreement has been provided to the [Depositor] [Master
      Servicer] [Trustee];

     

    (4) I
      am
      responsible for reviewing the activities performed by the Company as servicer
      under the Agreement, and based on my knowledge and the compliance review
      conducted in preparing the Compliance Statement and except as disclosed in
      the
      Compliance Statement, the Servicing Assessment or the Attestation Report, the
      Company has fulfilled its obligations under the Agreement in all material
      respects; and

     

    (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.

     

    

    
      
        
          
          

        

        
          L-4-1

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              Date: _________________________

            	 
	 	 
	
              By:

            	 
	
              Name:__________________________

            	 
	
              Time:___________________________

            	 

    

    

    
 

    
      
        
          
          

        

        
          L-4-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      M-1

     

    FORM
      OF
      SWAP AGREEMENT

     

    
      	
              DATE:

            	
              March
                29, 2007

            
	 	 
	
              TO:

            	
              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                group [__] supplemental interest trust trustee (the “Group [__]
                Supplemental Interest Trust Trustee”) on behalf of the group [__]
                supplemental interest trust with respect to the Impac Secured Assets
                Trust
                2007-2, Impac Secured Assets Corp., Mortgage Pass-Through Certificates,
                Series 2007-2 (the “Group [__] Supplemental Interest
                Trust”)

            
	 	 
	
              ATTENTION:

            	
              IMPAC
                Secured Assets Trust 2007-2

            
	
              TELEPHONE:

            	
              714-247-6000

            
	
              FACSIMILE:

            	
              714-247-6282

            
	 	 
	
              FROM:

            	
              Bank
                of America, N.A.

              Sears
                Tower

              233
                South Wacker Drive, Suite 2800

              Chicago,
                IL 60606

            
	 	 
	
              SUBJECT:

            	
              Fixed
                Income Derivatives Confirmation

            
	 	 
	
              REFERENCE
                NUMBER:

            	
              [_______]

            

    

    

    The
      purpose of this long-form confirmation (“Confirmation”)
      is to
      confirm the terms and conditions of the current Transaction entered into on
      the
      Trade Date specified below (the “Transaction”)
      between
Bank
      of America, N.A
      (“Party
      A”) and
      Deutsche Bank National Trust Company, not individually, but solely as Group
      [__]
      Supplemental Interest Trust Trustee on behalf of the Group [__] Supplemental
      Interest Trust (“Party
      B”)
      created
      under the Pooling and Servicing Agreement, dated as of March
      1,
      2007 among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation,
      as master servicer, and Deutsche Bank National Trust Company, as trustee (the
      “Pooling
      and Servicing Agreement”).
      This
      Confirmation evidences a complete and binding agreement between you and us
      to
      enter into the Transaction on the terms set forth below and replaces any
      previous agreement between us with respect to the subject matter hereof. This
      Confirmation constitutes a “Confirmation”
      and also
      constitutes a “Schedule”
      as
      referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
      Annex to the Schedule.

     

    
      	
              1.

            	
              This
                Confirmation shall supplement, form a part of, and be subject to
                an
                agreement in the form of the ISDA Master Agreement (Multicurrency
                - Cross
                Border) as published and copyrighted in 1992 by the International
                Swaps
                and Derivatives Association, Inc. (the “ISDA
                Master Agreement”),
                as if Party A and Party B had executed an agreement in such form
                on the
                date hereof, with a Schedule as set forth in Item 3 of this Confirmation,
                and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                Subject
                to New York Law Only version) as published and copyrighted in 1994
                by the
                International Swaps and Derivatives Association, Inc., with Paragraph
                13
                thereof as set forth in Annex A hereto (the “Credit
                Support Annex”).
                For the avoidance of doubt, the Transaction described herein shall
                be the
                sole Transaction governed by such ISDA Master Agreement. In the event
                of
                any inconsistency among any of the following documents, the relevant
                document first listed shall govern: (i) this Confirmation, exclusive
                of
                the provisions set forth in Item 3 hereof and Annex A hereto; (ii)
                the
                provisions set forth in Item 3 hereof, which are incorporated by
                reference
                into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions;
                and (v) the ISDA Master Agreement.

            

    

     

    

    
      
        
          
          

        

        
          M-1-1

          
            

          

        

        
          
          

        

      

    

    

    Each
      reference herein to a “Section” (unless specifically referencing the Pooling and
      Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
      a reference to a Section of the ISDA Master Agreement; each herein reference
      to
      a “Part” will be construed as a reference to the provisions herein deemed
      incorporated in a Schedule to the ISDA Master Agreement; each reference herein
      to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
      Support Annex.

     

    

    
      
        
          
          

        

        
          M-1-2

          
            

          

        

        
          
          

        

      

    

    

    2. The
      terms
      of the particular Transaction to which this Confirmation relates are as
      follows:

     

    
      	
              Type
                of Transaction:

            	
              Interest
                Rate Swap

            
	 	 
	
              Notional
                Amount:

            	
              With
                respect to any Calculation Period, the amount set forth for such
                period on
                Schedule I attached hereto.

            
	 	 
	
              Trade
                Date:

            	
              March
                28, 2007

            
	 	 
	
              Effective
                Date:

            	
              March
                29, 2007

            
	 	 
	
              Termination
                Date:

            	
              [________],
                [____], subject to adjustment in accordance with the Business Day
                Convention.

            
	 	 
	
              Fixed
                Amounts:

            	 
	 	 	 
	 	
              Fixed
                Rate Payer:

            	
              Party
                B

            
	 	 	 
	 	
              Fixed
                Rate Payer 

              Period
                End Dates:

            	
               

              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 
	 	
              Fixed
                Rate Payer 

              Payment
                Dates:

            	
               

              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 
	 	
              Fixed
                Rate:

            	
              With
                respect to any Calculation Period, the rate set forth for such period
                on
                Schedule I attached hereto.

            
	 	 	 
	 	
              Fixed
                Rate Date 

              Count
                Fraction:

            	
               

              30/360

            
	 	 	 
	
              Floating
                Amounts:

            	 
	 	 	 
	 	
              Floating
                Rate Payer:

            	
              Party
                A

            
	 	 	 
	 	
              Floating
                Rate Payer 

              Period
                End Dates:

            	
               

              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 

    

    

    
      
        
          
          

        

        
          M-1-3

          
            

          

        

        
          
          

        

      

    

    

    

    
      	 	
              Floating
                Rate Payer 

              Payment
                Dates:

            	
               

              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 
	 	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA

            
	 	 	 
	 	
              Designated
                Maturity:

            	
              One
                month

            
	 	 	 
	 	
              Floating
                Rate Day 

              Count
                Fraction:

            	
               

              Actual/360

            
	 	 	 
	 	
              Reset
                Dates:

            	
              The
                first day of each Calculation Period.

            
	 	 	 
	 	
              Compounding:

            	
              Inapplicable

            
	 	 	 
	 	
              Business
                Days:

            	
              New
                York

            
	 	 	 
	 	
              Business
                Day 

              Convention:

            	
               

              Following

            
	 	 	 
	 	
              Calculation
                Agent:

            	
              Party
                A

            

    

    

     

    

    
      
        
          
          

        

        
          M-1-4

          
            

          

        

        
          
          

        

      

    

    

    
      	
              3.

            	
              Provisions
                Deemed Incorporated in a Schedule to the ISDA Master
                Agreement:

            

    

     

    Part
      1. Termination
      Provisions.

     

    For
      the
      purposes of this Agreement:-

     

    
      	
              (a)

            	
              “Specified
                Entity”
                will not apply to Party A or Party B for any
                purpose.

            

    

     

    
      	
              (b)

            	
              “Specified
                Transaction”
                will have the meaning specified in Section
                14.

            

    

     

    
      	
              (c)

            	
              Events
                of Default.

            

    

     

    The
      statement below that an Event of Default will apply to a specific party means
      that upon the occurrence of such an Event of Default with respect to such party,
      the other party shall have the rights of a Non-defaulting Party under Section
      6
      of this Agreement; conversely, the statement below that such event will not
      apply to a specific party means that the other party shall not have such
      rights.

     

    
      	 	
              (i)

            	
              The
                “Failure
                to Pay or Deliver”
                provisions of Section 5(a)(i) will apply to Party A and will apply
                to
                Party B; provided, however, that Section 5(a)(i) is hereby amended
                by
                replacing the word “third” with the word “first”; provided, further, that
                notwithstanding anything to the contrary in Section 5(a)(i), any
                failure
                by Party A to comply with or perform any obligation to be complied
                with or
                performed by Party A under the Credit Support Annex shall not constitute
                an Event of Default under Section 5(a)(i) unless (A) a Required Ratings
                Downgrade Event has occurred and been continuing for 30 or more Local
                Business Days and (B) such failure is not remedied on or before the
                third
                Local Business Day after notice of such failure is given to Party
                A.

            

    

     

    
      	 	
              (ii)

            	
              The
                “Breach
                of Agreement”
                provisions of Section 5(a)(ii) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	 	
              (iii)

            	
              The
                “Credit
                Support Default”
                provisions of Section 5(a)(iii) will apply to Party A and will not
                apply
                to Party B except that Section 5(a)(iii)(1) will apply to Party B
                solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex; provided, however, that notwithstanding anything to
                the
                contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                with or
                perform any obligation to be complied with or performed by Party
                A under
                the Credit Support Annex shall not constitute an Event of Default
                under
                Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                such failure is not remedied on or before the third Local Business
                Day
                after notice of such failure is given to Party
                A.

            

    

     

    
      	 	
              (iv)

            	
              The
                “Misrepresentation”
                provisions of Section 5(a)(iv) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	 	
              (v)

            	
              The
                “Default
                under Specified Transaction”
                provisions of Section 5(a)(v) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    

    
      
        
          
          

        

        
          M-1-5

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (vi)

            	
              The
                “Cross
                Default”
                provisions of Section 5(a)(vi) will apply to Party A and will not
                apply to
                Party B. For purposes of Section 5(a)(vi), solely with respect to
                Party
                A:

            

    

     

    “Specified
      Indebtedness” will have the meaning specified in Section 14, except that such
      term shall not include obligations in respect of deposits received in the
      ordinary course of Party A’s banking business.

     

    “Threshold
      Amount” means with respect to Party A an amount equal to three percent (3%) of
      the Shareholders’ Equity of Party A or, if applicable, the Eligible
      Guarantor.

     

    “Shareholders’
      Equity” means with respect to an entity, at any time, (1) if Party A is a
      national banking association, the Total Equity Capital of Party A (as shown
      in
      the most recently filed FFIEC Consolidated Report of Condition for Insured
      Commercial and State-Chartered Savings Banks (“Call Report”) Schedule RC-
      Balance Sheet of such entity) or (2) for any other entity, the sum (as shown
      in
      the most recent annual audited financial statements of such entity) of (i)
      its
      capital stock (including preferred stock) outstanding, taken at par value,
      (ii)
      its capital surplus and (iii) its retained earnings, minus (iv) treasury stock,
      each to be determined in accordance with generally accepted accounting
      principles.

     

    
      	 	
              (vii)

            	
              The
                “Bankruptcy”
                provisions of Section 5(a)(vii) will apply to Party A and will apply
                to
                Party B except that the provisions of Section 5(a)(vii)(2), (6) (to
                the
                extent that such provisions refer to any appointment contemplated
                or
                effected by the Pooling and Servicing Agreement or any appointment
                to
                which Party B has not become subject), (7) and (9) will not apply
                to Party
                B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                is
                hereby amended by adding after the words “against it” the words
                “(excluding any proceeding or petition instituted or presented by
                Party A
                or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                (4) as amended, (5), (6) as amended, or
                (7)”.

            

    

     

    
      	 	
              (viii)

            	
              The
                “Merger
                Without Assumption”
                provisions of Section 5(a)(viii) will apply to Party A and will apply
                to
                Party B.

            

    

     

    
      	
              (d)

            	
              Termination
                Events.

            

    

     

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

     

    

    
      
        
          
          

        

        
          M-1-6

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (i)

            	
              The
                “Illegality”
                provisions of Section 5(b)(i) will apply to Party A and will apply
                to
                Party B.

            

    

     

    
      	 	
              (ii)

            	
              The
                “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party A except that,
                for
                purposes of the application of Section 5(b)(ii) to Party A, Section
                5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                a taxing authority, or brought in a court of competent jurisdiction,
                on or
                after the date on which a Transaction is entered into (regardless
                of
                whether such action is taken or brought with respect to a party to
                this
                Agreement) or (y)”, and the “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party
                B.

            

    

     

    
      	 	
              (iii)

            	
              The
                “Tax
                Event Upon Merger”
                provisions of Section 5(b)(iii) will apply to Party A and will apply
                to
                Party B, provided that Party A shall not be entitled to designate
                an Early
                Termination Date by reason of a Tax Event upon Merger in respect
                of which
                it is the Affected Party.

            

    

     

    
      	 	
              (iv)

            	
              The
                “Credit
                Event Upon Merger”
                provisions of Section 5(b)(iv) will not apply to Party A and will
                not
                apply to Party B.

            

    

     

    
      	
              (e)

            	
              The
                “Automatic
                Early Termination”
                provision of Section 6(a) will not apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	
              (f)

            	
              Payments
                on Early Termination.
                For the purpose of Section 6(e) of this
                Agreement:

            

    

     

    
      	 	
              (i)

            	
              Market
                Quotation will apply, provided, however, that, in the event of a
                Derivative Provider Trigger Event, the following provisions will
                apply:

            

    

     

    
      	 	
              (A)

            	
              The
                definition of Market Quotation in Section 14 shall be deleted in
                its
                entirety and replaced with the
                following:

            

    

     

    “Market
      Quotation” means,
      with respect to one or more Terminated Transactions, a Firm Offer which is
      (1)
      made by a Reference Market-maker that is an Eligible Replacement, (2) for an
      amount that would be paid to Party B (expressed as a negative number) or by
      Party B (expressed as a positive number) in consideration of an agreement
      between Party B and such Reference Market-maker to enter into a Replacement
      Transaction, and (3) made on the basis that Unpaid Amounts in respect of the
      Terminated Transaction or group of Transactions are to be excluded but, without
      limitation, any payment or delivery that would, but for the relevant Early
      Termination Date, have been required (assuming satisfaction of each applicable
      condition precedent) after that Early Termination Date is to be
      included.

     

    
      	 	
              (B)

            	
              The
                definition of Settlement Amount shall be deleted in its entirety
                and
                replaced with the following:

            

    

     

    

    
      
        
          
          

        

        
          M-1-7

          
            

          

        

        
          
          

        

      

    

    

    “Settlement
      Amount”
      means,
      with respect to any Early Termination Date, an amount (as determined by Party
      B)
      equal to:

     

    
      	 	
              (a)

            	
              If
                a Market Quotation for the relevant Terminated Transaction or group
                of
                Terminated Transactions is accepted by Party B so as to become legally
                binding on or before the day falling ten Local Business Days after
                the day
                on which the Early Termination Date is designated, or such later
                day as
                Party B may specify in writing to Party A, but in either case no
                later
                than one Local Business Day prior to the Early Termination Date (such
                day,
                the “Latest Settlement Amount Determination Day”), the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation;

            

    

     

    
      	 	
              (b)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                has been accepted by Party B so as to become legally binding and
                one or
                more Market Quotations from Approved Replacements have been made
                and
                remain capable of becoming legally binding upon acceptance, the Settlement
                Amount shall equal the Termination Currency Equivalent of the amount
                (whether positive or negative) of the lowest of such Market Quotations
                (for the avoidance of doubt, the lowest of such Market Quotations
                shall be
                the lowest Market Quotation of such Market Quotations expressed as
                a
                positive number or, if any of such Market Quotations is expressed
                as a
                negative number, the Market Quotation expressed as a negative number
                with
                the largest absolute value); or

            

    

     

    
      	 	
              (c)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding and no Market
                Quotation from an Approved Replacement remains capable of becoming
                legally
                binding upon acceptance, the Settlement Amount shall equal Party
                B’s Loss
                (whether positive or negative and without reference to any Unpaid
                Amounts)
                for the relevant Terminated Transaction or group of Terminated
                Transactions.

            

    

     

    
      	 	
              (C)

            	
              If
                Party B requests Party A in writing to obtain Market Quotations,
                Party A
                shall use its reasonable efforts to do so before the Latest Settlement
                Amount Determination Day.

            

    

     

    
      	 	
              (D)

            	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

     

    

    
      
        
          
          

        

        
          M-1-8

          
            

          

        

        
          
          

        

      

    

    

    “(3)
      Second
      Method and Market Quotation.
      If the
      Second Method and Market Quotation apply, (I) Party B shall pay to Party A
      an
      amount equal to the absolute value of the Settlement Amount in respect of the
      Terminated Transactions, (II) Party B shall pay to Party A the Termination
      Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
      A
      shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
      owing to Party B; provided, however, that (x) the amounts payable under the
      immediately preceding clauses (II) and (III) shall be subject to netting in
      accordance with Section 2(c) of this Agreement and (y) notwithstanding any
      other
      provision of this Agreement, any amount payable by Party A under the immediately
      preceding clause (III) shall not be netted-off against any amount payable by
      Party B under the immediately preceding clause (I).”

     

    
      	 	
              (E)

            	
              At
                any time on or before the Latest Settlement Amount Determination
                Day at
                which two or more Market Quotations from Approved Replacements remain
                capable of becoming legally binding upon acceptance, Party B shall
                be
                entitled to accept only the lowest of such Market Quotations (for
                the
                avoidance of doubt, the lowest of such Market Quotations shall be
                the
                lowest Market Quotation of such Market Quotations expressed as a
                positive
                number or, if any of such Market Quotations is expressed as a negative
                number, the Market Quotation expressed as a negative number with
                the
                largest absolute value).

            

    

     

    
      	 	
              (ii)

            	
              The
                Second Method will apply.

            

    

     

    
      	
              (g)

            	
              “Termination
                Currency”
                means USD.

            

    

     

    
      	
              (h)

            	
              Additional
                Termination Events.
                Additional Termination Events will apply as provided in Part
                5(c).

            

    

    

    
      
        
          
          

        

        
          M-1-9

          
            

          

        

        
          
          

        

      

    

     

    
      Part
        2.  Tax Matters.

    

     

    
      	
              (a)

            	
              Tax
                Representations.

            

    

     

    
      	 	
              (i)

            	
              Payer
                Representations.
                For the purpose of Section 3(e) of this
                Agreement:

            

    

     

    
      	 	
              (A)

            	
              Party
                A makes the following
                representation(s):

            

    

     

    It
      is not
      required by any applicable law, as modified by the practice of any relevant
      governmental revenue authority, of any Relevant Jurisdiction to make any
      deduction or withholding for or on account of any Tax from any payment (other
      than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be
      made
      by it to the other party under this Agreement. In making this representation,
      it
      may rely on: the accuracy of any representations made by the other party
      pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
      agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the
      accuracy and effectiveness of any document provided by the other party pursuant
      to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
      of
      the agreement of the other party contained in Section 4(d) of this Agreement,
      provided that it shall not be a breach of this representation where reliance
      is
      placed on clause (ii) and the other party does not deliver a form or document
      under Section 4(a)(iii) by reason of material prejudice to its legal or
      commercial position.

     

    
      	 	
              (B)

            	
              Party
                B makes the following
                representation(s):

            

    

     

    None.

     

    
      	 	
              (ii)

            	
              Payee
                Representations.
                For the purpose of Section 3(f) of this
                Agreement:

            

    

     

    
      	 	
              (A)

            	
              Party
                A makes the following
                representation(s):

            

    

     

    Party
      A
      is a national banking association formed under the laws of the United States
      of
      America. Party A is a United States person for U.S. Federal Income Tax purposes
      and its U.S. taxpayer identification number is 94-1687665.

     

    
      	 	
              (B)

            	
              Party
                B makes the following
                representation(s):

            

    

     

    None.

     

    
      	
              (b)

            	
              Tax
                Provisions.

            

    

     

    
      	 	
              (i)

            	
              Gross
                Up.
                Section 2(d)(i)(4) shall not apply to Party B as X, and Section 2(d)(ii)
                shall not apply to Party B as Y, in each case such that Party B shall
                not
                be required to pay any additional amounts referred to
                therein.

            

    

     

    

    
      
        
          
          

        

        
          M-1-10

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (ii)

            	
              Indemnifiable
                Tax.
                The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                entirety and replaced with the
                following:

            

    

     

    “Indemnifiable
      Tax”
      means,
      in relation to payments by Party A, any Tax and, in relation to payments by
      Party B, no Tax.

     

    

    
      
        
          
          

        

        
          M-1-11

          
            

          

        

        
          
          

        

      

    

    

    
      

      Part
        3.  Agreement to Deliver Documents.

    

     

    
      	
              (a)

            	
              For
                the purpose of Section 4(a)(i), tax forms, documents, or certificates
                to
                be delivered are:

            

    

     

    
      	
              Party
                required to deliver document

            	 	
              Form/Document/Certificate

            	 	
              Date
                by which to be delivered

            
	 	 	 	 	 
	
              Party
                A

            	 	
              An
                original properly completed and executed United States Internal Revenue
                Service Form W-9 (or any successor thereto) with respect to any payments
                received or to be received by Party A that eliminates U.S. federal
                withholding and backup withholding Tax on payments to Party A under
                this
                Agreement.

            	 	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                promptly upon the reasonable demand by Party B, (iv) prior to the
                expiration or obsolescence of any previously delivered form, and
                (v)
                promptly upon the information on any such previously delivered form
                becoming inaccurate or incorrect.

            
	 	 	 	 	 
	
              Party
                B

            	 	
              (i)
                Upon execution of this Agreement, an original completed and executed
                United States Internal Revenue Service Form W-9 (or any successor
                thereto)
                with respect to any payments received or to be received by the initial
                beneficial owner of payments to Party B under this Agreement, and
                (ii)
                thereafter, the appropriate tax certification form (i.e., IRS Form
                W-9 or
                IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any
                successor
                form thereto)) with respect to any payments received or to be received
                by
                the beneficial owner of payments to Party B under this Agreement
                from time
                to time.

            	 	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                in the
                case of a tax certification form other than a Form W-9, before December
                31
                of each third succeeding calendar year, (iv) promptly upon the reasonable
                demand by Party B, (v) prior to the expiration or obsolescence of
                any
                previously delivered form, and (vi) promptly upon the information
                on any
                such previously delivered form becoming inaccurate or
                incorrect.

            

    

    

    

    
      
        
          
          

        

        
          M-1-12

          
            

          

        

        
          
          

        

      

    

    

    (b) For
      the
      purpose of Section 4(a)(ii), other documents to be delivered are:

    

    
      	
              Party
                required to deliver document

            	 	
              Form/Document/Certificate

            	 	
              Date
                by which to be delivered

            	 	
              Covered
                by Section 3(d) Representation

            
	 	 	 	 	 	 	 
	
              Party
                A and

              Party
                B

            	 	
              Any
                documents required by the receiving party to evidence the authority
                of the
                delivering party or its Credit Support Provider, if any, for it to
                execute
                and deliver the Agreement, this Confirmation, and any Credit Support
                Documents to which it is a party, and to evidence the authority of
                the
                delivering party or its Credit Support Provider to perform its obligations
                under the Agreement, this Confirmation and any Credit Support Document,
                as
                the case may be

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A and

              Party
                B

            	 	
              A
                certificate of an authorized officer of the party, as to the incumbency
                and authority of the respective officers of the party signing the
                Agreement, this Confirmation, and any relevant Credit Support Document,
                as
                the case may be

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A

            	 	
              Quarterly
                Consolidated Report of Condition for Insured Commercial and State
                Chartered Savings Banks of Party A

            	 	
              To
                be made available on http://www2.fdic.gov/Call_TFR_Rpts after the
                end of
                each fiscal quarter of Bank of America, N.A.

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A

            	 	
              An
                opinion of counsel to Party A reasonably acceptable in form and substance
                to Party B

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              No

            
	 	 	 	 	 	 	 
	
              Party
                B

            	 	
              An
                opinion of counsel to Party B reasonably acceptable in form and substance
                to Party A

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              No

            

    

     

    

    
      
        
          
          

        

        
          M-1-13

          
            

          

        

        
          
          

        

      

    

    

    
      

      Part
        4.  Miscellaneous.

    

     

    
      	
              (a)

            	
              Address
                for Notices:
                For the purposes of Section 12(a) of this
                Agreement:

            

    

     

    Address
      for notices or communications to Party A:

     

    
      	
              Address:

            	
              Bank
                of America, N.A.

              Sears
                Tower

              233
                South Wacker Drive, Suite 2800

              Chicago,
                IL 60606

            
	
              Attention:
                

            	
              Swap
                Operations

            
	
              Telephone
                No.: 

            	
              312-234-2732

            
	
              Facsimile
                No.: 

            	
              866-255-1444

            

    

    

    with
      a
      copy to:

     

    
      	
              Address:

            	
              Bank
                of America, N.A.

              100
                N. Tryon St., NC1-007-13-01

              Charlotte,
                North Carolina 28255

            
	
              Attention:

            	
              Global
                Markets Trading Agreements

            
	
              Facsimile
                No.:

            	
              704-386-4113

            
	 	 

    

    And
      to:

     

    
      	
              Address:

            	
              Ambac
                Assurance Corporation, 

              One
                State Street Plaza, 

              New
                York, NY 10004

            
	
              Attention:

            	
              Risk
                Management, Asset-Backed Securities

            
	
              Facsimile:

            	
              (212)
                480-3682

            
	 	 

    

    (For
      all
      purposes)

     

    Address
      for notices or communications to Party B:

     

    
      	
              Address:

            	
              Impac
                Secured Assets Corp. 2007-2 c/o

              Deutsche
                Bank National Trust Company

              1761
                East St. Andrew Place

              Santa
                Ana, CA 92705

            
	
              Attention:

            	
              Marion
                Hogan

            
	
              Facsimile:

            	
              714-247-6285

            
	
              Phone:

            	
              704-386-4113

            
	 	 

    

    

     

    

    
      
        
          
          

        

        
          M-1-14

          
            

          

        

        
          
          

        

      

    

    

    And
      to:

     

    
      	
              Address:

            	
              Ambac
                Assurance Corporation, 

              One
                State Street Plaza, 

              New
                York, NY 10004

            
	
              Attention:

            	
              Risk
                Management, Asset-Backed Securities

            
	
              Facsimile:

            	
              (212)
                480-3682

            
	 	 

    

    (For
      all
      purposes)

     

    
      	
              (b)

            	
              Process
                Agent.
                For the purpose of Section 13(c):

            

    

     

    Party
      A
      appoints as its Process Agent: Not applicable.

     

    Party
      B
      appoints as its Process Agent: Not applicable.

     

    
      	
              (c)

            	
              Offices.
                The provisions of Section 10(a) will apply to this Agreement; neither
                Party A nor Party B has any Offices other than as set forth in the
                Notices
                Section and Party A agrees that, for purposes of Section 6(b) of
                this
                Agreement, it shall not in the future have any Office other than
                one in
                the United States.

            

    

     

    
      	
              (d)

            	
              Multibranch
                Party.
                For the purpose of Section 10(c) of this
                Agreement:

            

    

     

    Party
      A
      is not a Multibranch Party.

     

    Party
      B
      is not a Multibranch Party.

     

    
      	
              (e)

            	
              Calculation
                Agent.
                The Calculation Agent is Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to Party A, Party B shall
                have
                the right to appoint as Calculation Agent a third party, reasonably
                acceptable to Party A, the cost for which shall be borne by Party
                A.

            

    

     

    
      	
              (f)

            	
              Credit
                Support Document.

            

    

     

    
      	 	
              Party
                A:

            	
              The
                Credit Support Annex, and any guarantee in support of Party A’s
                obligations under this Agreement.

            
	 	
              Party
                B:

            	
              The
                Credit Support Annex, solely in respect of Party B’s obligations under
                Paragraph 3(b) of the Credit Support
                Annex.

            

    

    
    

     

    
      	
              (g)

            	
              Credit
                Support Provider.

            

    

     

    
      	 	
              Party
                A:

            	
              The
                guarantor under any guarantee in support of Party A’s obligations under
                this Agreement.

            
	 	
              Party
                B:

            	
              None.

            

    

    
    

     

    
      	
              (h)

            	
              Governing
                Law.
                The parties to this Agreement hereby agree that the law of the State
                of
                New York shall govern their rights and duties in whole, without regard
                to
                the conflict of law provisions thereof other than New York General
                Obligations Law Sections 5-1401 and
                5-1402.

            

    

     

    

    
      
        
          
          

        

        
          M-1-15

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (i)

            	
              Netting
                of Payments.
                The parties agree that subparagraph (ii) of Section 2(c) will apply
                to
                each Transaction hereunder.

            

    

     

    
      	
              (j)

            	
              Affiliate.“Affiliate”
                shall have the meaning assigned thereto in Section 14; provided,
                however,
                that Party B shall be deemed to have no Affiliates for purposes of
                this
                Agreement, including for purposes of Section
                6(b)(ii).

            

    

    

    
      
        
          
          

        

        
          M-1-16

          
            

          

        

        
          
          

        

      

    

    

    
      
        Part
          5. Other
          Provisions.

         

      

    

    
      	
              (a)

            	
              Definitions.
                Unless otherwise specified in a Confirmation, this Agreement and
                each
                Transaction under this Agreement are subject to the 2000 ISDA Definitions
                as published and copyrighted in 2000 by the International Swaps and
                Derivatives Association, Inc. (the “Definitions”),
                and will be governed in all relevant respects by the provisions set
                forth
                in the Definitions, without regard to any amendment to the Definitions
                subsequent to the date hereof. The provisions of the Definitions
                are
                hereby incorporated by reference in and shall be deemed a part of
                this
                Agreement, except that (i) references in the Definitions to a “Swap
                Transaction” shall be deemed references to a “Transaction” for purposes of
                this Agreement, and (ii) references to a “Transaction” in this Agreement
                shall be deemed references to a “Swap Transaction” for purposes of the
                Definitions. Each term capitalized but not defined in this Agreement
                shall
                have the meaning assigned thereto in the Pooling and Servicing
                Agreement.

            

    

     

    
      	
              (b)

            	
              Amendments
                to ISDA Master Agreement.

            

    

     

    
      	 	
              (i)

            	
              Single
                Agreement.
                Section 1(c) is hereby amended by the adding the words “including, for the
                avoidance of doubt, the Credit Support Annex” after the words “Master
                Agreement”.

            

    

     

    
      	 	
              (ii)

            	
              Conditions
                Precedent. Section
                2(a)(iii) is hereby amended by adding the following at the end
                thereof:

            

    

     

    Notwithstanding
      anything to the contrary in Section 2(a)(iii)(1), if an Event of Default with
      respect to Party B or Potential Event of Default with respect to Party B has
      occurred and been continuing for more than 30 Local Business Days and no Early
      Termination Date in respect of the Affected Transactions has occurred or been
      effectively designated by Party A, the obligations of Party A under Section
      2(a)(i) shall cease to be subject to the condition precedent set forth in
      Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
      of
      Default or such Potential Event of Default (the “Specific
      Event”);
      provided, however, for the avoidance of doubt, the obligations of Party A under
      Section 2(a)(i) shall be subject to the condition precedent set forth in Section
      2(a)(iii)(1) (subject to the foregoing) with respect to any subsequent
      occurrence of the same Event of Default with respect to Party B or Potential
      Event of Default with respect to Party B after the Specific Event has ceased
      to
      be continuing and with respect to any occurrence of any other Event of Default
      with respect to Party B or Potential Event of Default with respect to Party
      B
      that occurs subsequent to the Specific Event.

     

    
      	 	
              (iii)

            	
              Change
                of Account.
                Section 2(b) is hereby amended by the addition of the following after
                the
                word “delivery” in the first line
                thereof:

            

    

     

    “to
      another account in the same legal and tax jurisdiction as the original
      account”.

    

    
      	 	
              (iv)

            	
              Representations.
                Section 3 is hereby amended by adding at the end thereof the following
                subsection (g):

            

    

     

    

    
      
        
          
          

        

        
          M-1-17

          
            

          

        

        
          
          

        

      

    

     

     

    
      	 	
              “(g)

            	
              Relationship
                Between Parties.

            

    

     

    
      	 	
              (1)

            	
              Nonreliance.
                (i) It is not relying on any statement or representation of the other
                party regarding the Transaction (whether written or oral), other
                than the
                representations expressly made in this Agreement or the Confirmation
                in
                respect of that Transaction and (ii) it has consulted with its own
                legal,
                regulatory, tax, business, investment, financial and accounting advisors
                to the extent it has deemed necessary, and it has made its own investment,
                hedging and trading decisions based upon its own judgment and upon
                any
                advice from such advisors as it has deemed necessary and not upon
                any view
                expressed by the other party.

            

    

     

    
      	 	
              (2)

            	
              Evaluation
                and Understanding. (i) It has the capacity to evaluate (internally
                or
                through independent professional advice) the Transaction and has
                made its
                own decision to enter into the Transaction and (ii) It understands
                the
                terms, conditions and risks of the Transaction and is willing and
                able to
                accept those terms and conditions and to assume those risks, financially
                and otherwise.

            

    

     

    
      	 	
              (3)

            	
              Purpose.
                It is entering into the Transaction for the purposes of managing
                its
                borrowings or investments, hedging its underlying assets or liabilities
                or
                in connection with a line of
                business.

            

    

     

    
      	 	
              (4)

            	
              Status
                of Parties. The other party is not acting as an agent, fiduciary
                or
                advisor for it in respect of the
                Transaction.

            

    

     

    
      	 	
              (5)

            	
              Eligible
                Contract Participant. It is an “eligible swap participant” as such term is
                defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                promulgated under, and an “eligible contract participant” as defined in
                Section 1(a)(12) of the Commodity Exchange Act, as
                amended.”

            

    

     

    
      	 	
              (v)

            	
              Transfer
                to Avoid Termination Event.
                Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                Event Upon Merger occurs and the Burdened Party is the Affected Party,”
                and (ii) by deleting the words “to transfer” and inserting the words “to
                effect a Permitted Transfer” in lieu
                thereof.

            

    

     

    
      	 	
              (vi)

            	
              Jurisdiction.
                Section
                13(b) is hereby amended by: (i) deleting in the second line of
                subparagraph (i) thereof the word “non-”, (ii) deleting “; and” from the
                end of subparagraph (i) and inserting “.” in lieu thereof, and (iii)
                deleting the final paragraph
                thereof.

            

    

     

    
      	 	
              (vii)

            	
              Local
                Business Day.
                The definition of Local Business Day in Section 14 is hereby amended
                by
                the addition of the words “or any Credit Support Document” after “Section
                2(a)(i)” and the addition of the words “or Credit Support Document” after
                “Confirmation”.

            

    

     

    

    
      
        
          
          

        

        
          M-1-18

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.
                The following Additional Termination Events will
                apply:

            

    

     

    
      	 	
              (i)

            	
              First
                Rating Trigger Collateral.
                If
                (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                Party A has failed to comply with or perform any obligation to be
                complied
                with or performed by Party A in accordance with the Credit Support
                Annex,
                then an Additional Termination Event shall have occurred with respect
                to
                Party A and Party A shall be the sole Affected Party with respect
                to such
                Additional Termination Event.

            

    

     

    
      	 	
              (ii)

            	
              Second
                Rating Trigger Replacement.
                If
                (A) a Required Ratings Downgrade Event has occurred and been continuing
                for 30 or more Local Business Days and (B) (i) at least one Eligible
                Replacement has made a Firm Offer to be the transferee of all of
                Party A’s
                rights and obligations under this Agreement (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Replacement
                upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                has made
                a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Guarantor
                immediately upon acceptance by the offeree), then an Additional
                Termination Event shall have occurred with respect to Party A and
                Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event.

            

    

     

    
      	 	
              (iii)

            	
              Amendment
                of Pooling and Servicing Agreement.
                If, without the prior written consent of Party A where such consent
                is
                required under the Pooling and Servicing Agreement (such consent
                not to be
                unreasonably withheld), an amendment is made to the Pooling and Servicing
                Agreement which amendment could reasonably be expected to have a
                material
                adverse effect on the interests of Party A (excluding, for the avoidance
                of doubt, any amendment to the Pooling and Servicing Agreement that
                is
                entered into solely for the purpose of appointing a successor servicer,
                master servicer, securities administrator, trustee or other service
                provider) under this Agreement, an Additional Termination Event shall
                have
                occurred with respect to Party B and Party B shall be the sole Affected
                Party with respect to such Additional Termination
                Event.

            

    

     

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.
                In
                the event that no Relevant Entity has credit ratings at least equal
                to the
                Required Ratings Threshold, then Party A shall, as soon as reasonably
                practicable and so long as a Required Ratings Downgrade Event is
                in
                effect, at its own expense, using commercially reasonable efforts,
                procure
                either (A) a Permitted Transfer or (B) an Eligible
                Guarantee.

            

    

     

    
      	
              (e)

            	
              Item
                1115 Agreement.
                Party A and Party B hereby agree that the terms of the Item 1115
                Agreement, dated as of November 16, 2006 (the “Item
                1115 Agreement”),
                among Impac Funding Corporation (the “Sponsor”), Impac Secured Assets
                Corp. (the “Depositor”) and Bank of America, N.A. shall be incorporated by
                reference into this Agreement and Party B shall be an express third
                party
                beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement
                is annexed hereto at Annex B.

            

    

     

    

    
      
        
          
          

        

        
          M-1-19

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (f)

            	
              Transfers.

            

    

     

    
      	 	
              (i)

            	
              Section
                7 is hereby amended to read in its entirety as
                follows:

            

    

     

    “Except
      with respect to any
      Permitted Transfer pursuant to Section 6(b)(ii), Part 5(d), the Item 1115
      Agreement or the succeeding sentence, neither Party A nor Party B is permitted
      to assign, novate or transfer (whether by way of security or otherwise) as
      a
      whole or in part any of its rights, obligations or interests under the Agreement
      or any Transaction unless (a) the prior written consent of the other party
      is
      obtained, and (b) the Rating Agency Condition has been satisfied with respect
      to
      S&P. At any time at which no Relevant Entity has credit ratings at least
      equal to the Approved Ratings Threshold, Party A may make a Permitted
      Transfer.”

     

    
      	 	
              (ii)

            	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, take any reasonable steps
                required to be taken by Party B to effect such
                transfer.

            

    

     

    
      	
              (g)

            	
              Non-Recourse.
                Party A acknowledges and agrees that, notwithstanding any provision
                in
                this Agreement to the contrary, the obligations of Party B hereunder
                are
                limited recourse obligations of Party B, payable solely from the
                Group
                [__] Supplemental Interest Trust and the proceeds thereof, in accordance
                with the priority of payments and other terms of the Pooling and
                Servicing
                Agreement and that Party A will not have any recourse to any of the
                directors, officers, agents, employees, shareholders or affiliates
                of the
                Party B with respect to any claims, losses, damages, liabilities,
                indemnities or other obligations in connection with any transactions
                contemplated hereby. In the event that the Group [__] Supplemental
                Interest Trust and the proceeds thereof, should be insufficient to
                satisfy
                all claims outstanding and following the realization of the account
                held
                by the Group [__] Supplemental Interest Trust and the proceeds thereof,
                any claims against or obligations of Party B under the ISDA Master
                Agreement or any other confirmation thereunder still outstanding
                shall be
                extinguished and thereafter not revive. The Group [__] Supplemental
                Interest Trust Trustee shall not have liability for any failure or
                delay
                in making a payment hereunder to Party A due to any failure or delay
                in
                receiving amounts in the account held by the Group [__] Supplemental
                Interest Trust from the Trust created pursuant to the Pooling and
                Servicing Agreement. This provision will survive the termination
                of this
                Agreement.

            

    

     

    
      	
              (h)

            	
              Timing
                of Payments
                by Party B upon Early Termination.
                Notwithstanding anything to the contrary in Section 6(d)(ii), to
                the
                extent that all or a portion (in either case, the “Unfunded Amount”) of
                any amount that is calculated as being due in respect of any Early
                Termination Date under Section 6(e) from Party B to Party A will
                be paid
                by Party B from amounts other than any upfront payment paid to Party
                B by
                an Eligible Replacement that has entered a Replacement Transaction
                with
                Party B, then such Unfunded Amount shall be due on the next subsequent
                Distribution Date following the date on which the payment would have
                been
                payable as determined in accordance with Section 6(d)(ii), and on
                any
                subsequent Distribution Dates until paid in full (or if such Early
                Termination Date is the final Distribution Date, on such final
                Distribution Date); provided, however, that if the date on which
                the
                payment would have been payable as determined in accordance with
                Section
                6(d)(ii) is a Distribution Date, such payment will be payable on
                such
                Distribution Date.

            

    

     

    

    
      
        
          
          

        

        
          M-1-20

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (i)

            	
              Rating
                Agency Notifications.
                Notwithstanding any other provision of this Agreement, no Early
                Termination Date shall be effectively designated hereunder by Party
                B and
                no transfer of any rights or obligations under this Agreement shall
                be
                made by either party unless each Swap Rating Agency has been given
                prior
                written notice of such designation or
                transfer.

            

    

     

    
      	
              (j)

            	
              No
                Set-off.
                Except as expressly provided for in Section 2(c), Section 6 or Part
                1(f)(i)(D) hereof, and notwithstanding any other provision of this
                Agreement or any other existing or future agreement, each party
                irrevocably waives any and all rights it may have to set off, net,
                recoup
                or otherwise withhold or suspend or condition payment or performance
                of
                any obligation between it and the other party hereunder against any
                obligation between it and the other party under any other agreements.
                Section 6(e) shall be amended by deleting the following sentence:
“The
                amount, if any, payable in respect of an Early Termination Date and
                determined pursuant to this Section will be subject to any
                Set-off.”.

            

    

     

    
      	
              (k)

            	
              Amendment.
                Notwithstanding any provision to the contrary in this Agreement,
                no
                amendment of either this Agreement or any Transaction under this
                Agreement
                shall be permitted by either party unless each of the Swap Rating
                Agencies
                has been provided prior written notice of the same and such amendment
                satisfies the Rating Agency Condition with respect to
                S&P.

            

    

     

    
      	
              (l)

            	
              Notice
                of Certain Events or Circumstances.
                Each Party agrees, upon learning of the occurrence or existence of
                any
                event or condition that constitutes (or that with the giving of notice
                or
                passage of time or both would constitute) an Event of Default or
                Termination Event with respect to such party, promptly to give the
                other
                Party and to each Swap Rating Agency notice of such event or condition;
                provided that failure to provide notice of such event or condition
                pursuant to this Part 5(l) shall not constitute an Event of Default
                or a
                Termination Event.

            

    

     

    
      	
              (m)

            	
              Proceedings.
                No
                Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Group [__] Supplemental Interest Trust, or the Trust formed
                pursuant to the Pooling and Servicing Agreement, in any bankruptcy,
                reorganization, arrangement, insolvency or liquidation proceedings
                or
                other proceedings under any federal or state bankruptcy or similar
                law for
                a period of one year (or, if longer, the applicable preference period)
                and
                one day following payment in full of the Certificates and any Notes.
                This
                provision will survive the termination of this
                Agreement.

            

    

    

    
      	
              (n)

            	
              Group
                [__] Supplemental
                Interest Trust Trustee Liability Limitations.
                It
                is expressly understood and agreed by the parties hereto that (a)
                this
                Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”)
                not in its individual capacity, but solely as Group [__] Supplemental
                Interest Trust Trustee under the Pooling and Servicing Agreement
                in the
                exercise of the powers and authority conferred and invested in it
                thereunder; (b) Deutsche has been directed pursuant to the Pooling
                and
                Servicing Agreement to enter into this Agreement and to perform its
                obligations hereunder; (c) each of the representations, undertakings
                and
                agreements herein made on behalf of the Group [__] Supplemental Interest
                Trust is made and intended not as personal representations of the
                Group
                [__] Supplemental Interest Trust Trustee but is made and intended
                for the
                purpose of binding only the Group [__] Supplemental Interest Trust;
                (d)
                nothing herein contained shall be construed as creating any liability
                on
                Deutsche Bank National Trust Company, individually or personally,
                to
                perform any covenant either expressed or implied contained herein,
                all
                such liability, if any, being expressly waived by the parties who
                are
                signatories to this Agreement and by any person claiming by, through
                or
                under such parties; and (e) under no circumstances shall Deutsche
                Bank
                National Trust Company in its individual capacity be personally liable
                for
                the payment of any indemnity, indebtedness, fees or expenses of the
                Group
                [__] Supplemental Interest Trust or be liability for the breach or
                failure
                of any obligation, representation, warranty or covenant made or undertaken
                by the Group [__] Supplemental Interest Trust under this
                Agreement.

            

    

     

     

    

    
      
        
          
          

        

        
          M-1-21

          
            

          

        

        
          
          

        

      

    

    
      	
              (o)

            	
              Severability.
                If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

     

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

     

    
      	
              (p)

            	
              Agent
                for Party B. Party
                A acknowledges that the Depositor has appointed the Group [__]
                Supplemental Interest Trust Trustee and the Trustee as agents under
                the
                Pooling and Servicing Agreement to carry out certain functions on
                behalf
                of Party B, and that the Group [__] Supplemental Interest Trust Trustee
                and the Trustee shall be entitled to give notices and to perform
                and
                satisfy the obligations of Party B hereunder on behalf of Party
                B.

            

    

    

    
      	
              (q)

            	
              Escrow
                Payments.
                If
                (whether by reason of the time difference between the cities in which
                payments are to be made or otherwise) it is not possible for simultaneous
                payments to be made on any date on which both parties are required
                to make
                payments hereunder, either Party may at its option and in its sole
                discretion notify the other Party that payments on that date are
                to be
                made in escrow. In this case deposit of the payment due earlier on
                that
                date shall be made by 2:00 pm (local time at the place for the earlier
                payment) on that date with an escrow agent selected by the notifying
                party, accompanied by irrevocable payment instructions (i) to release
                the
                deposited payment to the intended recipient upon receipt by the escrow
                agent of the required deposit of any corresponding payment payable
                by the
                other party on the same date accompanied by irrevocable payment
                instructions to the same effect or (ii) if the required deposit of
                the
                corresponding payment is not made on that same date, to return the
                payment
                deposited to the party that paid it into escrow. The party that elects
                to
                have payments made in escrow shall pay all costs of the escrow
                arrangements.

            

    

     

    

    
      
        
          
          

        

        
          M-1-22

          
            

          

        

        
          
          

        

      

    

     

     

    
      	
              (r)

            	
              Consent
                to Recording.
                Each party hereto consents to the monitoring or recording, at any
                time and
                from time to time, by the other party of any and all communications
                between trading, marketing, and operations personnel of the parties
                and
                their Affiliates, waives any further notice of such monitoring or
                recording, and agrees to notify such personnel of such monitoring
                or
                recording.

            

    

     

    
      	
              (s)

            	
              Waiver
                of Jury Trial.
                Each party waives any right it may have to a trial by jury in respect
                of
                any suit, action or proceeding relating to this Agreement or any
                Credit
                Support Document.

            

    

     

    
      	
              (t)

            	
              Form
                of ISDA Master Agreement.
                Party A and Party B hereby agree that the text of the body of the
                ISDA
                Master Agreement is intended to be the printed form of the ISDA Master
                Agreement (Multicurrency - Crossborder) as published and copyrighted
                in
                1992 by the International Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	
              (u)

            	
              Payment
                Instructions.
                Party A hereby agrees that, unless notified in writing by Party B
                of other
                payment instructions, any and all amounts payable by Party A to Party
                B
                under this Agreement shall be paid to the account specified in Item
                4 of
                this Confirmation, below.

            

    

     

    
      	
              (v)

            	
              Additional
                representations.

            

    

     

    
      	 	
              (i)

            	
              Representations
                of Party A.
                Party A represents to Party B on the date on which Party A enters
                into
                each Transaction that:--

            

    

     

    
      	 	
              (1)

            	
              Party
                A’s obligations under this Agreement rank pari passu with all of Party
                A’s
                other unsecured, unsubordinated obligations except those obligations
                preferred by operation of law.

            

    

     

    
      	 	
              (2)

            	
              Party
                A is a bank subject to the requirements of 12 U.S.C. § 1823(e), its
                execution, delivery and performance of this Agreement (including
                the
                Credit Support Annex and each Confirmation) have been approved by
                its
                board of directors or its loan committee, such approval is reflected
                in
                the minutes of said board of directors or loan committee, and this
                Agreement (including the Credit Support Annex and each Confirmation)
                will
                be maintained as one of its official records continuously from the
                time of
                its execution (or in the case of any Confirmation, continuously until
                such
                time as the relevant Transaction matures and the obligations therefor
                are
                satisfied in full).

            

    

     

    

    
      
        
          
          

        

        
          M-1-23

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (ii)

            	
              Capacity.
                Party A represents to Party B on the date on which Party A enters
                into
                this Agreement that it is entering into the Agreement and the Transaction
                as principal and not as agent of any person. The Group [__] Supplemental
                Interest Trust Trustee represents to Party A on the date on which
                the
                Group [__] Supplemental Interest Trust Trustee executes this Agreement
                that it is executing the Agreement in its capacity as Group [__]
                Supplemental Interest Trust
                Trustee.

            

    

     

    
      	
              (w)

            	
              Acknowledgements.

            

    

     

    
      	 	
              (i)

            	
              Substantial
                financial transactions.
                Each party hereto is hereby advised and acknowledges as of the date
                hereof
                that the other party has engaged in (or refrained from engaging in)
                substantial financial transactions and has taken (or refrained from
                taking) other material actions in reliance upon the entry by the
                parties
                into the Transaction being entered into on the terms and conditions
                set
                forth herein and in the Pooling and Servicing Agreement relating
                to such
                Transaction, as applicable. This paragraph shall be deemed repeated
                on the
                trade date of each Transaction.

            

    

     

    
      	 	
              (ii)

            	
              Bankruptcy
                Code.
                Subject to Part 5(m), without limiting the applicability if any,
                of any
                other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                Code”) (including without limitation Sections 362, 546, 556, and 560
                thereof and the applicable definitions in Section 101 thereof), the
                parties acknowledge and agree that all Transactions entered into
                hereunder
                will constitute “forward contracts” or “swap agreements” as defined in
                Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                Section 761 of the Bankruptcy Code, that the rights of the parties
                under
                Section 6 of this Agreement will constitute contractual rights to
                liquidate Transactions, that any margin or collateral provided under
                any
                margin, collateral, security, pledge, or similar agreement related
                hereto
                will constitute a “margin payment” as defined in Section 101 of the
                Bankruptcy Code, and that the parties are entities entitled to the
                rights
                under, and protections afforded by, Sections 362, 546, 556, and 560
                of the
                Bankruptcy Code.

            

    

     

    
      	
              (x)

            	
              USA
                Patriot Act Notice. Party
                A hereby notifies Party B that pursuant to the requirements of the
                USA
                Patriot Act (Title III of Pub. L. 107-56 (signed into law October
                26,
                2001)) (the “Patriot Act”), it is required to obtain, verify and record
                information that identifies Party B, which information includes the
                name
                and address of Party B and other information that will allow Party
                A to
                identity Party B in accordance with the Patriot
                Act.

            

    

    

    
      	
              (y)

            	
              Optional
                Termination.
                Upon the occurrence of a termination of the Trust Fund with respect
                to
                Loan Group [__] pursuant to Section 9.01 (the “Optional Termination”) of
                the Pooling and Servicing
                Agreement:

            

    

     

    

    
      
        
          
          

        

        
          M-1-24

          
            

          

        

        
          
          

        

      

    

     

     

    (a) Party
      B
      hereby assigns all of its rights and delegates all of its liabilities and
      obligations to Impac Mortgage Holdings, Inc., and Impac Mortgage Holdings,
      Inc.
      hereby assumes all of Party B’s rights, liabilities, and obligations, under the
      New Transaction and the New Confirmation arising on or after the final Payment
      Date under the Pooling and Servicing Agreement (such date, the “Optional
      Termination Payment Date”; such transaction and confirmation, collectively, the
“Assigned Transaction”). The Assigned Transaction shall be governed by and form
      part of an agreement in the form of a 1992 ISDA Master Agreement between Party
      A
      and Impac Mortgage Holdings, Inc., dated as of March 21, 2002, as amended and
      supplemented from time to time. Party A hereby consents to the assignment and
      delegation by Party B of all of its rights, liabilities, and obligations under
      the Assigned Transaction to Impac Mortgage Holdings, Inc.;

     

    (b) Party
      A
      and Party B hereby release one another from all liabilities and obligations
      owed
      under and in respect of the Assigned Transaction, and Party B hereby terminates
      its rights under and in respect of the Assigned Transaction;

     

    (c) Party
      A
      hereby agrees that Impac Mortgage Holdings, Inc. may do one of the following
      with the Assigned Transaction:

     

    (i) retain
      such Assigned Transaction;

     

    (ii) further
      assign all of its rights and delegate all of its liabilities and obligations
      under the Assigned Transaction to a third party, such assignment and delegation
      to be effective upon the receipt of written consent thereto from Party A (in
      its
      sole and absolute discretion); or

     

    (iii) terminate
      the Assigned Transaction by giving three Business Days’ prior written notice to
      Party A (the “Optional Termination Date”). On such Optional Termination Date, if
      any, a termination payment (if any) shall be payable by Impac Mortgage Holdings,
      Inc. or Party A, as applicable, as determined by the Calculation Agent by the
      application of Section 6(e)(ii) of the Agreement, with Market Quotation and
      Second Method being the applicable method for determining the termination
      payment. The exercise of the right to terminate under this provision shall
      not
      be an Event of Default under any of the other Transactions that are part of
      the
      Old Agreement or the New Agreement. For purposes of the Optional Termination
      Date, Impac Mortgage Holdings, Inc. shall be the sole Affected
      Party.

     

    
      	
              (z)

            	
              Third
                Party Beneficiary.
                The parties hereto acknowledge and agree that the Certificate Insurer
                shall be an express third-party beneficiary of this Agreement and
                shall be
                entitled to rely on (and enforce) the representations, warranties,
                covenants and obligations as set forth
                herein.

            

    

    
      

      
        	
                (aa)

              	
                Notices.
                  Each
                  of Party A and Party B acknowledges and agrees that a copy of each
                  written
                  default and/or termination notice sent to the other party hereto
                  with
                  respect to this Agreement shall be sent to the Certificate Insurer
                  at its
                  address as set forth herein.

              

      

       

      
        	
                (bb)

              	
                Additional
                  Definitions.

              

      

       

    
      
        
          
          

        

        
          M-1-25

          
            

          

        

        
          
          

        

      

    

     

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise:

     

    “Approved
      Ratings Threshold”
      means
      each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
      Ratings Threshold.

     

    “Approved
      Replacement”
      means,
      with respect to a Market Quotation, an entity making such Market Quotation,
      which entity would satisfy conditions (a), (b), (c) and (d) of the definition
      of
      Permitted Transfer (as determined by Party B in its sole discretion, acting
      in a
      commercially reasonable manner) if such entity were a Transferee, as defined
      in
      the definition of Permitted Transfer.

     

    “Derivative
      Provider Trigger Event”
      means
      (i) an Event of Default with respect to which Party A is a Defaulting Party,
      (ii) a Termination Event with respect to which Party A is the sole Affected
      Party or (iii) an Additional Termination Event with respect to which Party
      A is
      the sole Affected Party.

     

    “Eligible
      Guarantee”
      means an
      unconditional and irrevocable guarantee of all present and future obligations
      (for the avoidance of doubt, not limited to payment obligations) of Party A
      (or
      an Eligible Replacement) to Party B under this Agreement that is provided by
      an
      Eligible Guarantor as principal debtor rather than surety and that is directly
      enforceable by Party B, the form and substance of which guarantee are subject
      to
      the Rating Agency Condition with respect to S&P, and either (A) a law firm
      has given a legal opinion confirming that none of the guarantor’s payments to
      Party B under such guarantee will be subject to Tax collected by withholding
      or
      (B) such guarantee provides that, in the event that any of such guarantor’s
      payments to Party B are subject to Tax collected by withholding, such guarantor
      is required to pay such additional amount as is necessary to ensure that the
      net
      amount actually received by Party B (free and clear of any Tax collected by
      withholding) will equal the full amount Party B would have received had no
      such
      withholding been required.

     

    “Eligible
      Guarantor”
      means an
      entity that (A) has credit ratings from S&P at least equal to the S&P
      Approved Ratings Threshold, and (B) has credit ratings from Moody’s at least
      equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
      avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with
      credit ratings below the Moody’s First Trigger Ratings Threshold will not cause
      a Collateral Event (as defined in the Credit Support Annex) not to occur or
      continue with respect to Moody’s. An Eligible Guarantor shall provide to Party B
      in writing all credit ratings described in this definition, upon request of
      Party B.

    

    “Eligible
      Replacement”
      means an
      entity (A) (i) (a) that has credit ratings from S&P at least equal to the
      S&P Approved Ratings Threshold, and (b) has credit ratings from Moody’s at
      least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
      avoidance of doubt, that an Eligible Replacement with credit ratings below
      the
      Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as
      defined in the Credit Support Annex) not to occur or continue with respect
      to
      Moody’s, or (ii) the present and future obligations (for the avoidance of doubt,
      not limited to payment obligations) of which entity to Party B under this
      Agreement are guaranteed pursuant to an Eligible Guarantee and (B) that has
      executed an Item 1115 Agreement with Depositor. An Eligible Replacement shall
      provide to Party B in writing all credit ratings described in this definition,
      upon request of Party B.

     

    

    
      
        
          
          

        

        
          M-1-26

          
            

          

        

        
          
          

        

      

    

     

    “Firm
      Offer”
      means
      (A) with respect to an Eligible Replacement, a quotation from such Eligible
      Replacement (i) in an amount equal to the actual amount payable by or to Party
      B
      in consideration of an agreement between Party B and such Eligible Replacement
      to replace Party A as the counterparty to this Agreement by way of novation
      or,
      if such novation is not possible, an agreement between Party B and such Eligible
      Replacement to enter into a Replacement Transaction (assuming that all
      Transactions hereunder become Terminated Transactions), and (ii) that
      constitutes an offer by such Eligible Replacement to replace Party A as the
      counterparty to this Agreement or enter a Replacement Transaction that will
      become legally binding upon such Eligible Replacement upon acceptance by Party
      B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
      Guarantor to provide an Eligible Guarantee that will become legally binding
      upon
      such Eligible Guarantor upon acceptance by the offeree.

     

    “Moody’s”
      means
      Moody’s Investors Service, Inc., or any successor thereto.

     

    “Moody’s
      First Trigger Ratings Event”
      means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s First Trigger Ratings Threshold.

     

    “Moody’s
      First Trigger Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has a short-term unsecured and
      unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
      or (ii) if such entity does not have a short-term unsecured and unsubordinated
      debt rating or counterparty rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

     

    “Moody’s
      Second Trigger Ratings Event”
      means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold.

    

    “Moody’s
      Second Trigger Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has a short-term unsecured and
      unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
      or (ii) if such entity does not have a short-term unsecured and unsubordinated
      debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
      or counterparty rating from Moody’s of “A3”.

     

    

    
      
        
          
          

        

        
          M-1-27

          
            

          

        

        
          
          

        

      

    

     

    “Permitted
      Transfer” means
      a
      transfer by novation by Party A pursuant to Section 6(b)(ii), Part 5(d), the
      Item 1115 Agreement, or the second sentence of Section 7 (as amended herein)
      to
      a transferee (the “Transferee”)
      of all,
      but not less than all, of Party A’s rights, liabilities, duties and obligations
      under this Agreement, with respect to which transfer each of the following
      conditions is satisfied: (a) the Transferee is an Eligible Replacement; (b)
      Party A and the Transferee are both “dealers in notional principal contracts”
within the meaning of Treasury regulations section 1.1001-4; (c) as of the
      date
      of such transfer the Transferee would not be required to withhold or deduct
      on
      account of Tax from any payments under this Agreement or would be required
      to
      gross up for such Tax under Section 2(d)(i)(4); (d) an Event of Default or
      Termination Event would not occur as a result of such transfer; (e) pursuant
      to
      a written instrument (the “Transfer
      Agreement”),
      the
      Transferee acquires and assumes all rights and obligations of Party A under
      the
      Agreement and the relevant Transaction; (f) Party B shall have determined,
      in
      its sole discretion, acting in a commercially reasonable manner, that such
      Transfer Agreement is effective to transfer to the Transferee all, but not
      less
      than all, of Party A’s rights and obligations under the Agreement and all
      relevant Transactions; (g) Party A will be responsible for any costs or expenses
      incurred in connection with such transfer (including any replacement cost of
      entering into a replacement transaction); (h) either (A) Moody’s has been given
      prior written notice of such transfer and the Rating Agency Condition is
      satisfied with respect to S&P or (B) each Swap Rating Agency has been given
      prior written notice of such transfer and such transfer is in connection with
      the assignment and assumption of this Agreement without modification of its
      terms, other than party names, dates relevant to the effective date of such
      transfer, tax representations (provided that the representations in Part 2(a)(i)
      are not modified) and any other representations regarding the status of the
      substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2)
      or Part 5(v)(ii), notice information and account details; and (i) such transfer
      otherwise complies with the terms of the Pooling and Servicing
      Agreement.

     

    “Rating
      Agency Condition”
      means,
      with respect to any particular proposed act or omission to act hereunder and
      each Swap Rating Agency specified in connection with such proposed act or
      omission, that the party acting or failing to act must consult with each of
      the
      specified Swap Rating Agencies and receive from each such Swap Rating Agency
      a
      prior written confirmation that the proposed action or inaction would not cause
      a downgrade or withdrawal of the then-current rating of any Certificates or
      Notes.

    
      

      “Relevant
        Entity”
        means
        Party A and, to the extent applicable, a guarantor under an Eligible
        Guarantee.

    

    

    
      
        
          
          

        

        
          M-1-28

          
            

          

        

        
          
          

        

      

    

     

    “Replacement
      Transaction”
      means,
      with respect to any Terminated Transaction or group of Terminated Transactions,
      a transaction or group of transactions that (i) would have the effect of
      preserving for Party B the economic equivalent of any payment or delivery
      (whether the underlying obligation was absolute or contingent and assuming
      the
      satisfaction of each applicable condition precedent) by the parties under
      Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
      Transactions that would, but for the occurrence of the relevant Early
      Termination Date, have been required after that Date, and (ii) has terms which
      are substantially the same as this Agreement, including, without limitation,
      rating triggers, Regulation AB compliance, and credit support documentation,
      save for the exclusion of provisions relating to Transactions that are not
      Terminated Transaction, as determined by Party B in its sole discretion, acting
      in a commercially reasonable manner.

     

    “Required
      Ratings Downgrade Event”
      means
      that no Relevant Entity has credit ratings at least equal to the Required
      Ratings Threshold.

     

    “Required
      Ratings Threshold”
      means
      each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
      Ratings Threshold.

     

    “S&P”
      means
      Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies,
      Inc., or any successor thereto.

     

    “S&P
      Approved Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a short-term unsecured and unsubordinated debt rating
      from
      S&P of “A-1”, or, if such entity does not have a short-term unsecured and
      unsubordinated debt rating from S&P, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from S&P of
“A+”.

     

    “S&P
      Required Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a long-term unsecured and unsubordinated debt rating
      or
      counterparty rating from S&P of “BBB+”.

     

    “Swap
      Rating Agencies”
      means,
      with respect to any date of determination, each of S&P and Moody’s, to the
      extent that each such rating agency is then providing a rating for any of the
      Impac Secured Assets Trust 2007-2, Impac Secured Assets Corp., Mortgage
      Pass-Through Certificates, Series 2007-2 (the “Certificates”) or any notes
      backed by the Certificates (the “Notes”).

     

    [Remainder
      of this page intentionally left blank.]

     

    

    
      
        
          
          

        

        
          M-1-29

          
            

          

        

        
          
          

        

      

    

    

    4. Account
      Details and Settlement Information:

     

    
      	
              Payments
                to Party A:

            	
              Name:
                

            	
              Bank
                of America, N.A. - New York

            
	 	
              ABA
                #: 

            	
              026009593

            
	 	
              Attn:

            	
              BOFAUS3N

            
	 	
              Name:

            	
              Bank
                of America, N.A.

            
	 	
              City:

            	
              Charlotte

            
	 	
              Acct#:

            	
              6550219386

            
	 	
              Attn:
                

            	
              Rate
                Derivative Settlements

            
	 	
              Attn:

            	
              BOFAUS6SGDS

            
	 	 	 
	
              Payments
                to Party B:

            	
              Deutsche
                Bank Trust Company - Americas

            
	 	
              ABA
                021001033

            
	 	
              Bene
                Acct. 014-19-663

            
	 	
              Bene
                Acct. Name NYLTD Funds Control - Stars West

            
	 	
              Ref:
                IMPAC Secured Assets Trust 2007-2 - Group [__] SWAP
                payment

            

    

    

    This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

     

    

    
      
        
          
          

        

        
          M-1-30

          
            

          

        

        
          
          

        

      

    

    

    

    We
      are
      very pleased to have executed this Transaction with you and we look forward
      to
      completing other transactions with you in the near future.

     

    Very
      truly yours,

     

    Bank
      of America, N.A.

    
       

      By: _______________________________

      Name:

      Title:

       

    

    Party
      B,
      acting through its duly authorized signatory, hereby agrees to, accepts and
      confirms the terms of the foregoing as of the date hereof.

     

    

    

    Deutsche
      Bank National Trust Company, not in its individual capacity, but solely as
      Group
      [__] Supplemental Interest Trust Trustee on behalf of the Group [__]
      Supplemental Interest Trust with respect to the Impac Secured Assets Trust
      2007-2, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series
      2007-2

     

    By: _______________________________

    Name:

    Title:

     

    Agreed
      to
      by:

     

    Impac
      Mortgage Holdings, Inc.

    
       

      By: _______________________________

      Name:

      Title:

    

    

    
      
        
          
          

        

        
          M-1-31

          
            

          

        

        
          
          

        

      

    

    

    

    SCHEDULE
      I

     

    (All
      such
      dates subject to adjustment in accordance with the Following Business Day
      Convention)

    

      
        	
                From
                  and including

              	
                To
                  but excluding

              	
                Notional
                  Amount (USD)

              	
                Fixed
                  Rate (%)

              
	
                Effective
                  Date

              	
                April
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2007

              	
                May
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2007

              	
                June
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2007

              	
                July
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2007

              	
                August
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2007

              	
                September
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2007

              	
                October
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2007

              	
                November
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2007

              	
                December
                  25, 2007

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2007

              	
                January
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2008

              	
                February
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2008

              	
                March
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2008

              	
                April
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2008

              	
                May
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2008

              	
                June
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2008

              	
                July
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2008

              	
                August
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2008

              	
                September
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2008

              	
                October
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2008

              	
                November
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2008

              	
                December
                  25, 2008

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2008

              	
                January
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2009

              	
                February
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2009

              	
                March
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2009

              	
                April
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2009

              	
                May
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2009

              	
                June
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2009

              	
                July
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2009

              	
                August
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2009

              	
                September
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2009

              	
                October
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2009

              	
                November
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2009

              	
                December
                  25, 2009

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2009

              	
                January
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2010

              	
                February
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2010

              	
                March
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2010

              	
                April
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2010

              	
                May
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2010

              	
                June
                  25, 2010

              	
                [___________]

              	
                [___________]

              

      

      
        
          
          

        

        
          M-1-32

          
            

          

        

        
          
          

        

      

      

      
        	
                From
                  and including

              	
                To
                  but excluding

              	
                Notional
                  Amount (USD)

              	
                Fixed
                  Rate (%)

              
	
                June
                  25, 2010

              	
                July
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2010

              	
                August
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2010

              	
                September
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2010

              	
                October
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2010

              	
                November
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2010

              	
                December
                  25, 2010

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2010

              	
                January
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2011

              	
                February
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2011

              	
                March
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2011

              	
                April
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2011

              	
                May
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2011

              	
                June
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2011

              	
                July
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2011

              	
                August
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2011

              	
                September
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2011

              	
                October
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2011

              	
                November
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2011

              	
                December
                  25, 2011

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2011

              	
                January
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2012

              	
                February
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2012

              	
                March
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2012

              	
                April
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2012

              	
                May
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2012

              	
                June
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2012

              	
                July
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2012

              	
                August
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2012

              	
                September
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2012

              	
                October
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2012

              	
                November
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2012

              	
                December
                  25, 2012

              	
                [___________]

              	
                [___________]

              
	
                December
                  25, 2012

              	
                January
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                January
                  25, 2013

              	
                February
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                February
                  25, 2013

              	
                March
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                March
                  25, 2013

              	
                April
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                April
                  25, 2013

              	
                May
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                May
                  25, 2013

              	
                June
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                June
                  25, 2013

              	
                July
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                July
                  25, 2013

              	
                August
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                August
                  25, 2013

              	
                September
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                September
                  25, 2013

              	
                October
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                October
                  25, 2013

              	
                November
                  25, 2013

              	
                [___________]

              	
                [___________]

              
	
                November
                  25, 2013

              	
                Termination
                  Date

              	
                [___________]

              	
                [___________]

              

      

    
      
 

    

    
      
        
          
          

        

        
          M-1-33

          
            

          

        

        
          
          

        

      

    

    

    Annex
      A

     

    Paragraph
      13 of the Credit Support Annex

    
 

    
      
        
          
          

        

        
          M-1-A-1

          
            

          

        

        
          
          

        

      

    

    

    Annex
      B

     

    Item
      1115 Agreement

    
      
        
          
          

        

        
          M-1-B-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      M-2

     

    FORM
      OF
      CAP CONTRACT

     

    
      	
              DATE:

            	
              March
                29, 2007

            
	 	 
	
              TO:

            	
              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                group [__] supplemental interest trust trustee (the “Group [__]
                Supplemental Interest Trust Trustee”) on behalf of the group [__]
                supplemental interest trust with respect to the Impac Secured Assets
                Trust
                2007-2, Impac Secured Assets Corp., Mortgage Pass-Through Certificates,
                Series 2007-2 (the “Group [__] Supplemental Interest
                Trust”)

            
	 	 
	
              ATTENTION:

            	
              IMPAC
                Secured Assets Trust 2007-2

            
	 	 
	
              TELEPHONE:

            	
              714-247-6000

            
	 	 
	
              FACSIMILE:

            	
              714-247-6282

            
	 	 
	
              FROM:

            	
              Bank
                of America, N.A.

              233
                South Wacker Drive, Suite 2800

              Chicago,
                IL 60606

            
	 	 
	
              SUBJECT:

            	
              Fixed
                Income Derivatives Confirmation

            
	 	 
	
              REFERENCE
                NUMBER:

            	
              [_________]

            
	 	 

    

    The
      purpose of this long-form confirmation (“
      Confirmation”)
      is to
      confirm the terms and conditions of the current Transaction entered into on
      the
      Trade Date specified below (the “Transaction”)
      between
      Bank of America, N.A (“Party
      A”) and
      Deutsche Bank National Trust Company, not individually, but solely as Group
      [__]
      Supplemental Interest Trust Trustee on behalf of the Group [__] Supplemental
      Interest Trust (“Party
      B”)
      created
      under the Pooling and Servicing Agreement, dated as of March
      1,
      2007 among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation,
      as master servicer, and Deutsche Bank National Trust Company, as trustee (the
      “Pooling
      and Servicing Agreement”).
      This
      Confirmation evidences a complete and binding agreement between you and us
      to
      enter into the Transaction on the terms set forth below and replaces any
      previous agreement between us with respect to the subject matter hereof. This
      Confirmation constitutes a “Confirmation”
      and also
      constitutes a “Schedule”
      as
      referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
      Annex to the Schedule.

     

    
      	
              1.

            	
              This
                Confirmation shall supplement, form a part of, and be subject to
                an
                agreement in the form of the ISDA Master Agreement (Multicurrency
                - Cross
                Border) as published and copyrighted in 1992 by the International
                Swaps
                and Derivatives Association, Inc. (the “ISDA
                Master Agreement”),
                as if Party A and Party B had executed an agreement in such form
                on the
                date hereof, with a Schedule as set forth in Item 3 of this Confirmation,
                and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                Subject
                to New York Law Only version) as published and copyrighted in 1994
                by the
                International Swaps and Derivatives Association, Inc., with Paragraph
                13
                thereof as set forth in Annex A hereto (the “Credit
                Support Annex”).
                For the avoidance of doubt, the Transaction described herein shall
                be the
                sole Transaction governed by such ISDA Master Agreement. In the event
                of
                any inconsistency among any of the following documents, the relevant
                document first listed shall govern: (i) this Confirmation, exclusive
                of
                the provisions set forth in Item 3 hereof and Annex A hereto; (ii)
                the
                provisions set forth in Item 3 hereof, which are incorporated by
                reference
                into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions;
                and (v) the ISDA Master Agreement.

            

    

     

    

    
      
        
          
          

        

        
          M-2-1

          
            

          

        

        
          
          

        

      

    

    

    Each
      reference herein to a “Section” (unless specifically referencing the Pooling and
      Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
      a reference to a Section of the ISDA Master Agreement; each herein reference
      to
      a “Part” will be construed as a reference to the provisions herein deemed
      incorporated in a Schedule to the ISDA Master Agreement; each reference herein
      to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
      Support Annex.

     

    
      	
              2.

            	
              The
                terms of the particular Transaction to which this Confirmation relates
                are
                as follows:

            

    

     

    
      	 	
              Type
                of Transaction:

            	
              Interest
                Rate Cap

            
	 	 	 
	 	
              Notional
                Amount:

            	
              With
                respect to any Calculation Period, the amount set forth for such
                period on
                Schedule I attached hereto.

            
	 	 	 
	 	
              Trade
                Date:

            	
              March
                28, 2007

            
	 	 	 
	 	
              Effective
                Date:

            	
              [_____________]

            
	 	 	 
	 	
              Termination
                Date:

            	
              [_____________],
                subject to adjustment in accordance with the Business Day
                Convention.

            
	 	 	 

    

    Fixed
      Amounts:

     

    
      	 	
              Fixed
                Rate Payer:

            	
              Party
                B

            
	 	 	 
	 	
              Fixed
                Rate Payer

              Payment
                Date:

            	
               

              March
                29, 2007

            
	 	 	 
	 	
              Fixed
                Amount:

            	
              Not
                Applicable. Party A acknowledges good and valuable consideration
                has been
                received.

            

    

    

     

    

    
      
        
          
          

        

        
          M-2-2

          
            

          

        

        
          
          

        

      

    

    

    Floating
      Amounts:

     

    
      	 	
              Floating
                Rate Payer:

            	
              Party
                A

            
	 	 	 
	 	
              Floating
                Rate Payer

            	 
	 	
              Period
                End Dates:

            	
              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 
	 	
              Floating
                Rate Payer

            	 
	 	
              Payment
                Dates:

            	
              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                April 25, 2007, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 	 
	 	
              Cap
                Rate:

            	
              [_________________________].

            
	 	 	 
	 	
              [Floating
                Rate Option]:

            	
              [__________________]

            
	 	 	 
	 	
              Designated
                Maturity:

            	
              One
                month

            
	 	 	 
	 	
              Floating
                Rate Day

            	 
	 	
              Count
                Fraction:

            	
              Actual/360

            
	 	 	 
	 	
              Reset
                Dates:

            	
              The
                first day of each Calculation Period.

            
	 	 	 
	 	
              Compounding:

            	
              Inapplicable

            
	 	 	 
	 	
              Business
                Days:

            	
              New
                York

            
	 	 	 
	 	
              Business
                Day Convention:

            	
              Following

            
	 	 	 
	 	
              Calculation
                Agent:

            	
              Party
                A

            

    

    

    
      
        
          
          

        

        
          M-2-3

          
            

          

        

        
          
          

        

      

    

    

    3. Provisions
      Deemed Incorporated in a Schedule to the ISDA Master Agreement:

     

    Part
      1. Termination
      Provisions.

     

    For
      the
      purposes of this Agreement:-

     

    
      	
              (a)

            	
              “Specified
                Entity”
                will not apply to Party A or Party B for any
                purpose.

            

    

     

    
      	
              (b)

            	
              “Specified
                Transaction”
                will have the meaning specified in Section
                14.

            

    

     

    
      	
              (c)

            	
              Events
                of Default.

            

    

     

    The
      statement below that an Event of Default will apply to a specific party means
      that upon the occurrence of such an Event of Default with respect to such party,
      the other party shall have the rights of a Non-defaulting Party under Section
      6
      of this Agreement; conversely, the statement below that such event will not
      apply to a specific party means that the other party shall not have such
      rights.

     

    
      	 	
              (i)

            	
              The
                “Failure
                to Pay or Deliver”
                provisions of Section 5(a)(i) will apply to Party A and will apply
                to
                Party B; provided, however, that Section 5(a)(i) is hereby amended
                by
                replacing the word “third” with the word “first”; provided, further, that
                notwithstanding anything to the contrary in Section 5(a)(i), any
                failure
                by Party A to comply with or perform any obligation to be complied
                with or
                performed by Party A under the Credit Support Annex shall not constitute
                an Event of Default under Section 5(a)(i) unless (A) a Required Ratings
                Downgrade Event has occurred and been continuing for 30 or more Local
                Business Days and (B) such failure is not remedied on or before the
                third
                Local Business Day after notice of such failure is given to Party
                A.

            

    

     

    
      	 	
              (ii)

            	
              The
                “Breach
                of Agreement”
                provisions of Section 5(a)(ii) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	 	
              (iii)

            	
              The
                “Credit
                Support Default”
                provisions of Section 5(a)(iii) will apply to Party A and will not
                apply
                to Party B except that Section 5(a)(iii)(1) will apply to Party B
                solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex; provided, however, that notwithstanding anything to
                the
                contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                with or
                perform any obligation to be complied with or performed by Party
                A under
                the Credit Support Annex shall not constitute an Event of Default
                under
                Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                such failure is not remedied on or before the third Local Business
                Day
                after notice of such failure is given to Party
                A.

            

    

     

    
      	 	
              (iv)

            	
              The
                “Misrepresentation”
                provisions of Section 5(a)(iv) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	 	
              (v)

            	
              The
                “Default
                under Specified Transaction”
                provisions of Section 5(a)(v) will apply to Party A and will not
                apply to
                Party B.

            

    

     

    

    
      
        
          
          

        

        
          M-2-4

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (vi)

            	
              The
                “Cross
                Default”
                provisions of Section 5(a)(vi) will apply to Party A and will not
                apply to
                Party B. For purposes of Section 5(a)(vi), solely with respect to
                Party
                A:

            

    

     

    “Specified
      Indebtedness” will have the meaning specified in Section 14, except that such
      term shall not include obligations in respect of deposits received in the
      ordinary course of Party A’s banking business.

     

    “Threshold
      Amount” means with respect to Party A an amount equal to three percent (3%) of
      the Shareholders’ Equity of Party A or, if applicable, the Eligible
      Guarantor.

     

    “Shareholders’
      Equity” means with respect to an entity, at any time, (1) if Party A is a
      national banking association, the Total Equity Capital of Party A (as shown
      in
      the most recently filed FFIEC Consolidated Report of Condition for Insured
      Commercial and State-Chartered Savings Banks (“Call Report”) Schedule RC-
      Balance Sheet of such entity) or (2) for any other entity, the sum (as shown
      in
      the most recent annual audited financial statements of such entity) of (i)
      its
      capital stock (including preferred stock) outstanding, taken at par value,
      (ii)
      its capital surplus and (iii) its retained earnings, minus (iv) treasury stock,
      each to be determined in accordance with generally accepted accounting
      principles.

     

    
      	 	
              (vii)

            	
              The
                “Bankruptcy”
                provisions of Section 5(a)(vii) will apply to Party A and will apply
                to
                Party B except that the provisions of Section 5(a)(vii)(2), (6) (to
                the
                extent that such provisions refer to any appointment contemplated
                or
                effected by the Pooling and Servicing Agreement or any appointment
                to
                which Party B has not become subject), (7) and (9) will not apply
                to Party
                B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                is
                hereby amended by adding after the words “against it” the words
                “(excluding any proceeding or petition instituted or presented by
                Party A
                or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                (4) as amended, (5), (6) as amended, or
                (7)”.

            

    

     

    
      	 	
              (viii)

            	
              The
                “Merger
                Without Assumption”
                provisions of Section 5(a)(viii) will apply to Party A and will apply
                to
                Party B.

            

    

     

    
      	
              (d)

            	
              Termination
                Events.

            

    

     

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

     

    

    
      
        
          
          

        

        
          M-2-5

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (i)

            	
              The
                “Illegality”
                provisions of Section 5(b)(i) will apply to Party A and will apply
                to
                Party B.

            

    

     

    
      	 	
              (ii)

            	
              The
                “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party A except that,
                for
                purposes of the application of Section 5(b)(ii) to Party A, Section
                5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                a taxing authority, or brought in a court of competent jurisdiction,
                on or
                after the date on which a Transaction is entered into (regardless
                of
                whether such action is taken or brought with respect to a party to
                this
                Agreement) or (y)”, and the “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party
                B.

            

    

     

    
      	 	
              (iii)

            	
              The
                “Tax
                Event Upon Merger”
                provisions of Section 5(b)(iii) will apply to Party A and will apply
                to
                Party B, provided that Party A shall not be entitled to designate
                an Early
                Termination Date by reason of a Tax Event upon Merger in respect
                of which
                it is the Affected Party.

            

    

     

    
      	 	
              (iv)

            	
              The
                “Credit
                Event Upon Merger”
                provisions of Section 5(b)(iv) will not apply to Party A and will
                not
                apply to Party B.

            

    

     

    
      	
              (e)

            	
              The
                “Automatic
                Early Termination”
                provision of Section 6(a) will not apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	
              (f)

            	
              Payments
                on Early Termination.
                For the purpose of Section 6(e) of this
                Agreement:

            

    

     

    
      	 	
              (i)

            	
              Market
                Quotation will apply, provided, however, that, in the event of a
                Derivative Provider Trigger Event, the following provisions will
                apply:

            

    

     

    
      	 	
              (A)

            	
              The
                definition of Market Quotation in Section 14 shall be deleted in
                its
                entirety and replaced with the
                following:

            

    

     

    “Market
      Quotation”
means,
      with respect to one or more Terminated Transactions, a Firm Offer which is
      (1)
      made by a Reference Market-maker that is an Eligible Replacement, (2) for an
      amount that would be paid to Party B (expressed as a negative number) or by
      Party B (expressed as a positive number) in consideration of an agreement
      between Party B and such Reference Market-maker to enter into a Replacement
      Transaction, and (3) made on the basis that Unpaid Amounts in respect of the
      Terminated Transaction or group of Transactions are to be excluded but, without
      limitation, any payment or delivery that would, but for the relevant Early
      Termination Date, have been required (assuming satisfaction of each applicable
      condition precedent) after that Early Termination Date is to be
      included.

     

    
      	 	
              (B)

            	
              The
                definition of Settlement Amount shall be deleted in its entirety
                and
                replaced with the following:

            

    

     

    

    
      
        
          
          

        

        
          M-2-6

          
            

          

        

        
          
          

        

      

    

    

    “Settlement
      Amount”
      means,
      with respect to any Early Termination Date, an amount (as determined by Party
      B)
      equal to:

     

    
      	 	
              (a)

            	
              If
                a Market Quotation for the relevant Terminated Transaction or group
                of
                Terminated Transactions is accepted by Party B so as to become legally
                binding on or before the day falling ten Local Business Days after
                the day
                on which the Early Termination Date is designated, or such later
                day as
                Party B may specify in writing to Party A, but in either case no
                later
                than one Local Business Day prior to the Early Termination Date (such
                day,
                the “Latest Settlement Amount Determination Day”), the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation;

            

    

     

    
      	 	
              (b)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                has been accepted by Party B so as to become legally binding and
                one or
                more Market Quotations from Approved Replacements have been made
                and
                remain capable of becoming legally binding upon acceptance, the Settlement
                Amount shall equal the Termination Currency Equivalent of the amount
                (whether positive or negative) of the lowest of such Market Quotations
                (for the avoidance of doubt, the lowest of such Market Quotations
                shall be
                the lowest Market Quotation of such Market Quotations expressed as
                a
                positive number or, if any of such Market Quotations is expressed
                as a
                negative number, the Market Quotation expressed as a negative number
                with
                the largest absolute value); or

            

    

     

    
      	 	
              (c)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding and no Market
                Quotation from an Approved Replacement remains capable of becoming
                legally
                binding upon acceptance, the Settlement Amount shall equal Party
                B’s Loss
                (whether positive or negative and without reference to any Unpaid
                Amounts)
                for the relevant Terminated Transaction or group of Terminated
                Transactions.

            

    

     

    
      	 	
              (C)

            	
              If
                Party B requests Party A in writing to obtain Market Quotations,
                Party A
                shall use its reasonable efforts to do so before the Latest Settlement
                Amount Determination Day.

            

    

     

    
      	 	
              (D)

            	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

     

    

    
      
        
          
          

        

        
          M-2-7

          
            

          

        

        
          
          

        

      

    

    

    “(3)
      Second
      Method and Market Quotation.
      If the
      Second Method and Market Quotation apply, (I) Party B shall pay to Party A
      an
      amount equal to the absolute value of the Settlement Amount in respect of the
      Terminated Transactions, (II) Party B shall pay to Party A the Termination
      Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
      A
      shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
      owing to Party B; provided, however, that (x) the amounts payable under the
      immediately preceding clauses (II) and (III) shall be subject to netting in
      accordance with Section 2(c) of this Agreement and (y) notwithstanding any
      other
      provision of this Agreement, any amount payable by Party A under the immediately
      preceding clause (III) shall not be netted-off against any amount payable by
      Party B under the immediately preceding clause (I).”

     

    
      	 	
              (E)

            	
              At
                any time on or before the Latest Settlement Amount Determination
                Day at
                which two or more Market Quotations from Approved Replacements remain
                capable of becoming legally binding upon acceptance, Party B shall
                be
                entitled to accept only the lowest of such Market Quotations (for
                the
                avoidance of doubt, the lowest of such Market Quotations shall be
                the
                lowest Market Quotation of such Market Quotations expressed as a
                positive
                number or, if any of such Market Quotations is expressed as a negative
                number, the Market Quotation expressed as a negative number with
                the
                largest absolute value).

            

    

     

    
      	 	
              (ii)

            	
              The
                Second Method will apply.

            

    

     

    
      	
              (g)

            	
              “Termination
                Currency” means USD.

            

    

     

    
      	
              (h)

            	
              Additional
                Termination Events.
                Additional Termination Events will apply as provided in Part
                5(c).

            

    

    

    
      
        
          
          

        

        
          M-2-8

          
            

          

        

        
          
          

        

      

    

    

    
      

        Part
          2. Tax
          Matters.

         

      

    

    
      	
              (a)

            	
              Tax
                Representations.

            

    

     

    
      	 	
              (i)

            	
              Payer
                Representations.
                For the purpose of Section 3(e) of this
                Agreement:

            

    

     

    
      	 	
              (A)

            	
              Party
                A makes the following
                representation(s):

            

    

     

    It
      is not
      required by any applicable law, as modified by the practice of any relevant
      governmental revenue authority, of any Relevant Jurisdiction to make any
      deduction or withholding for or on account of any Tax from any payment (other
      than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be
      made
      by it to the other party under this Agreement. In making this representation,
      it
      may rely on: the accuracy of any representations made by the other party
      pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
      agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the
      accuracy and effectiveness of any document provided by the other party pursuant
      to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
      of
      the agreement of the other party contained in Section 4(d) of this Agreement,
      provided that it shall not be a breach of this representation where reliance
      is
      placed on clause (ii) and the other party does not deliver a form or document
      under Section 4(a)(iii) by reason of material prejudice to its legal or
      commercial position.

     

    
      	 	
              (B)

            	
              Party
                B makes the following
                representation(s):

            

    

     

    None.

     

    
      	 	
              (ii)

            	
              Payee
                Representations.
                For the purpose of Section 3(f) of this
                Agreement:

            

    

     

    
      	 	
              (A)

            	
              Party
                A makes the following
                representation(s):

            

    

     

    Party
      A
      is a national banking association formed under the laws of the United States
      of
      America. Party A is a United States person for U.S. Federal Income Tax purposes
      and its U.S. taxpayer identification number is 94-1687665.

     

    
      	 	
              (B)

            	
              Party
                B makes the following
                representation(s):

            

    

     

    None.

     

    
      	
              (b)

            	
              Tax
                Provisions.

            

    

     

    
      	 	
              (i)

            	
              Gross
                Up.
                Section 2(d)(i)(4) shall not apply to Party B as X, and Section 2(d)(ii)
                shall not apply to Party B as Y, in each case such that Party B shall
                not
                be required to pay any additional amounts referred to
                therein.

            

    

     

    

    
      
        
          
          

        

        
          M-2-9

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (ii)

            	
              Indemnifiable
                Tax.
                The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                entirety and replaced with the
                following:

            

    

     

    “Indemnifiable
      Tax”
      means,
      in relation to payments by Party A, any Tax and, in relation to payments by
      Party B, no Tax.

     

    

    

    
      
        
          
          

        

        
          M-2-10

          
            

          

        

        
          
          

        

      

    

    

      

      Part
        3.  Agreement
        to Deliver Documents.

       

    

    
      	
              (a)

            	
              For
                the purpose of Section 4(a)(i), tax forms, documents, or certificates
                to
                be delivered are:

            

    

     

    
      	
              Party
                required to deliver document

            	 	
              Form/Document/Certificate

            	 	
              Date
                by which to be delivered

            
	 	 	 	 	 
	
              Party
                A

            	 	
              An
                original properly completed and executed United States Internal Revenue
                Service Form W-9 (or any successor thereto) with respect to any payments
                received or to be received by Party A that eliminates U.S. federal
                withholding and backup withholding Tax on payments to Party A under
                this
                Agreement.

            	 	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                promptly upon the reasonable demand by Party B, (iv) prior to the
                expiration or obsolescence of any previously delivered form, and
                (v)
                promptly upon the information on any such previously delivered form
                becoming inaccurate or incorrect.

            
	 	 	 	 	 
	
              Party
                B

            	 	
              (i)
                Upon execution of this Agreement, an original completed and executed
                United States Internal Revenue Service Form W-9 (or any successor
                thereto)
                with respect to any payments received or to be received by the initial
                beneficial owner of payments to Party B under this Agreement, and
                (ii)
                thereafter, the appropriate tax certification form (i.e., IRS Form
                W-9 or
                IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any
                successor
                form thereto)) with respect to any payments received or to be received
                by
                the beneficial owner of payments to Party B under this Agreement
                from time
                to time.

            	 	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                in the
                case of a tax certification form other than a Form W-9, before December
                31
                of each third succeeding calendar year, (iv) promptly upon the reasonable
                demand by Party B, (v) prior to the expiration or obsolescence of
                any
                previously delivered form, and (vi) promptly upon the information
                on any
                such previously delivered form becoming inaccurate or
                incorrect.

            

    

    

    
      
        
          
          

        

        
          M-2-11

          
            

          

        

        
          
          

        

      

    

    

    
      

      
        	
                (b)

              	
                For
                  the purpose of Section 4(a)(ii), other documents to be delivered
                  are:

              

      

       

    

    
      	
              Party
                required to deliver document

            	 	
              Form/Document/Certificate

            	 	
              Date
                by which to be delivered

            	 	
              Covered
                by Section 3(d) Representation

            
	 	 	 	 	 	 	 
	
              Party
                A and

              Party
                B

            	 	
              Any
                documents required by the receiving party to evidence the authority
                of the
                delivering party or its Credit Support Provider, if any, for it to
                execute
                and deliver the Agreement, this Confirmation, and any Credit Support
                Documents to which it is a party, and to evidence the authority of
                the
                delivering party or its Credit Support Provider to perform its obligations
                under the Agreement, this Confirmation and any Credit Support Document,
                as
                the case may be

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A and

              Party
                B

            	 	
              A
                certificate of an authorized officer of the party, as to the incumbency
                and authority of the respective officers of the party signing the
                Agreement, this Confirmation, and any relevant Credit Support Document,
                as
                the case may be

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A

            	 	
              Quarterly
                Consolidated Report of Condition for Insured Commercial and State
                Chartered Savings Banks of Party A

            	 	
              To
                be made available on http://www2.fdic.gov/Call_TFR_Rpts after the
                end of
                each fiscal quarter of Bank of America, N.A.

            	 	
              Yes

            
	 	 	 	 	 	 	 
	
              Party
                A

            	 	
              An
                opinion of counsel to Party A reasonably acceptable in form and substance
                to Party B

            	 	
              Upon
                the execution and delivery of this Agreement

            	 	
              No

            

    

     

    

    
      
        
          
          

        

        
          M-2-12

          
            

          

        

        
          
          

        

      

    

    

      
        
           

          Part
            4.  Miscellaneous.

           

          
            	
                    (a)

                  	
                    Address
                      for Notices:
                      For the purposes of Section 12(a) of this
                      Agreement:

                  

          

           

        

        Address
          for notices or communications to Party A:

         

        
          	
                  Address:

                	
                  Bank
                    of America, N.A.

                  Sears
                    Tower

                  233
                    South Wacker Drive, Suite 2800

                  Chicago,
                    IL 60606

                
	
                  Attention:
                    

                	
                  Swap
                    Operations

                
	
                  Telephone
                    No.: 

                	
                  312-234-2732

                
	
                  Facsimile
                    No.: 

                	
                  866-255-1444

                

        

        

        with
          a
          copy to:

         

        
          	
                  Address:

                	
                  Bank
                    of America, N.A.

                  100
                    N. Tryon St., NC1-007-13-01

                  Charlotte,
                    North Carolina 28255

                
	
                  Attention:

                	
                  Global
                    Markets Trading Agreements

                
	
                  Facsimile
                    No.:

                	
                  704-386-4113

                
	 	 

        

        And
          to:

         

        
          	
                  Address:

                	
                  Ambac
                    Assurance Corporation, 

                  One
                    State Street Plaza, 

                  New
                    York, NY 10004

                
	
                  Attention:

                	
                  Risk
                    Management, Asset-Backed Securities

                
	
                  Facsimile:

                	
                  (212)
                    480-3682

                
	 	 

        

        (For
          all
          purposes)

         

        Address
          for notices or communications to Party B:

         

        
          	
                  Address:

                	
                  Impac
                    Secured Assets Corp. 2007-2 c/o

                  Deutsche
                    Bank National Trust Company

                  1761
                    East St. Andrew Place

                  Santa
                    Ana, CA 92705

                
	
                  Attention:

                	
                  Marion
                    Hogan

                
	
                  Facsimile:

                	
                  714-247-6285

                
	
                  Phone:

                	
                  704-386-4113

                
	 	 

        

        

         

        

        
          
            
              
              

            

            
              M-2-13

              
                

              

            

            
              
              

            

          

        

        

        And
          to:

         

        
          	
                  Address:

                	
                  Ambac
                    Assurance Corporation, 

                  One
                    State Street Plaza, 

                  New
                    York, NY 10004

                
	
                  Attention:

                	
                  Risk
                    Management, Asset-Backed Securities

                
	
                  Facsimile:

                	
                  (212)
                    480-3682

                
	 	 

        

      

    

    (For
      all
      purposes)

     

    
      	
              (b)

            	
              Process
                Agent.
                For the purpose of Section 13(c):

            

    

     

    Party
      A
      appoints as its Process Agent: Not applicable.

     

    Party
      B
      appoints as its Process Agent: Not applicable.

     

    
      	
              (c)

            	
              Offices.
                The provisions of Section 10(a) will apply to this Agreement; neither
                Party A nor Party B has any Offices other than as set forth in the
                Notices
                Section and Party A agrees that, for purposes of Section 6(b) of
                this
                Agreement, it shall not in the future have any Office other than
                one in
                the United States.

            

    

     

    
      	
              (d)

            	
              Multibranch
                Party.
                For the purpose of Section 10(c) of this
                Agreement:

            

    

     

    Party
      A
      is not a Multibranch Party.

     

    Party
      B
      is not a Multibranch Party.

     

    
      	
              (e)

            	
              Calculation
                Agent.
                The Calculation Agent is Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to Party A, Party B shall
                have
                the right to appoint as Calculation Agent a third party, reasonably
                acceptable to Party A, the cost for which shall be borne by Party
                A.

            

    

     

    
      	
              (f)

            	
              Credit
                Support Document.

            

    

     

    
      	 	
              Party
                A:

            	
              The
                Credit Support Annex, and any guarantee in support of Party A’s
                obligations under this Agreement.

            
	 	 	 
	 	
              Party
                B:

            	
              The
                Credit Support Annex, solely in respect of Party B’s obligations under
                Paragraph 3(b) of the Credit Support
                Annex.

            

    

     

    
      	
              (g)

            	
              Credit
                Support Provider.

            

    

     

    
      	 	
              Party
                A:

            	
              The
                guarantor under any guarantee in support of Party A’s obligations under
                this Agreement.

            
	 	 	 
	 	
              Party
                B:

            	
              None.

            

    

    

     

    

    
      
        
          
          

        

        
          M-2-14

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (h)

            	
              Governing
                Law.
                The parties to this Agreement hereby agree that the law of the State
                of
                New York shall govern their rights and duties in whole, without regard
                to
                the conflict of law provisions thereof other than New York General
                Obligations Law Sections 5-1401 and
                5-1402.

            

    

     

    
      	
              (i)

            	
              Netting
                of Payments.
                The parties agree that subparagraph (ii) of Section 2(c) will apply
                to
                each Transaction hereunder.

            

    

     

    
      	
              (j)

            	
              Affiliate.“Affiliate”
                shall have the meaning assigned thereto in Section 14; provided,
                however,
                that Party B shall be deemed to have no Affiliates for purposes of
                this
                Agreement, including for purposes of Section
                6(b)(ii).

            

    

     

     

    

    
      
        
          
          

        

        
          M-2-15

          
            

          

        

        
          
          

        

      

    

    

    

      Part
        5.  Other
        Provisions.

       

    

    
      	
              (a)

            	
              Definitions.
                Unless otherwise specified in a Confirmation, this Agreement and
                each
                Transaction under this Agreement are subject to the 2000 ISDA Definitions
                as published and copyrighted in 2000 by the International Swaps and
                Derivatives Association, Inc. (the “Definitions”),
                and will be governed in all relevant respects by the provisions set
                forth
                in the Definitions, without regard to any amendment to the Definitions
                subsequent to the date hereof. The provisions of the Definitions
                are
                hereby incorporated by reference in and shall be deemed a part of
                this
                Agreement, except that (i) references in the Definitions to a “Swap
                Transaction” shall be deemed references to a “Transaction” for purposes of
                this Agreement, and (ii) references to a “Transaction” in this Agreement
                shall be deemed references to a “Swap Transaction” for purposes of the
                Definitions. Each term capitalized but not defined in this Agreement
                shall
                have the meaning assigned thereto in the Pooling and Servicing
                Agreement.

            

    

     

    
      	
              (b)

            	
              Amendments
                to ISDA Master Agreement.

            

    

     

    
      	 	
              (i)

            	
              Single
                Agreement.
                Section 1(c) is hereby amended by the adding the words “including, for the
                avoidance of doubt, the Credit Support Annex” after the words “Master
                Agreement”.

            

    

     

    
      	 	
              (ii)

            	
              Conditions
                Precedent. Section
                2(a)(iii) is hereby amended by adding the following at the end
                thereof:

            

    

     

    Notwithstanding
      anything to the contrary in Section 2(a)(iii)(1), if an Event of Default with
      respect to Party B or Potential Event of Default with respect to Party B has
      occurred and been continuing for more than 30 Local Business Days and no Early
      Termination Date in respect of the Affected Transactions has occurred or been
      effectively designated by Party A, the obligations of Party A under Section
      2(a)(i) shall cease to be subject to the condition precedent set forth in
      Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
      of
      Default or such Potential Event of Default (the “Specific
      Event”);
      provided, however, for the avoidance of doubt, the obligations of Party A under
      Section 2(a)(i) shall be subject to the condition precedent set forth in Section
      2(a)(iii)(1) (subject to the foregoing) with respect to any subsequent
      occurrence of the same Event of Default with respect to Party B or Potential
      Event of Default with respect to Party B after the Specific Event has ceased
      to
      be continuing and with respect to any occurrence of any other Event of Default
      with respect to Party B or Potential Event of Default with respect to Party
      B
      that occurs subsequent to the Specific Event.

     

    
      	 	
              (iii)

            	
              Change
                of Account.
                Section 2(b) is hereby amended by the addition of the following after
                the
                word “delivery” in the first line
                thereof:

            

    

     

    “to
      another account in the same legal and tax jurisdiction as the original
      account”.

    

    
      	 	
              (iv)

            	
              Representations.
                Section 3 is hereby amended by adding at the end thereof the following
                subsection (g):

            

    

     

     

    

    
      
        
          
          

        

        
          M-2-16

          
            

          

        

        
          
          

        

      

    

     

    
      	 	
              “(g)

            	
              Relationship
                Between Parties.

            

    

     

    
      	 	
              (1)

            	
              Nonreliance.
                (i) It is not relying on any statement or representation of the other
                party regarding the Transaction (whether written or oral), other
                than the
                representations expressly made in this Agreement or the Confirmation
                in
                respect of that Transaction and (ii) it has consulted with its own
                legal,
                regulatory, tax, business, investment, financial and accounting advisors
                to the extent it has deemed necessary, and it has made its own investment,
                hedging and trading decisions based upon its own judgment and upon
                any
                advice from such advisors as it has deemed necessary and not upon
                any view
                expressed by the other party.

            

    

     

    
      	 	
              (2)

            	
              Evaluation
                and Understanding. (i) It has the capacity to evaluate (internally
                or
                through independent professional advice) the Transaction and has
                made its
                own decision to enter into the Transaction and (ii) It understands
                the
                terms, conditions and risks of the Transaction and is willing and
                able to
                accept those terms and conditions and to assume those risks, financially
                and otherwise.

            

    

     

    
      	 	
              (3)

            	
              Purpose.
                It is entering into the Transaction for the purposes of managing
                its
                borrowings or investments, hedging its underlying assets or liabilities
                or
                in connection with a line of
                business.

            

    

     

    
      	 	
              (4)

            	
              Status
                of Parties. The other party is not acting as an agent, fiduciary
                or
                advisor for it in respect of the
                Transaction.

            

    

     

    
      	 	
              (5)

            	
              Eligible
                Contract Participant. It is an “eligible swap participant” as such term is
                defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                promulgated under, and an “eligible contract participant” as defined in
                Section 1(a)(12) of the Commodity Exchange Act, as
                amended.”

            

    

     

    
      	 	
              (v)

            	
              Transfer
                to Avoid Termination Event.
                Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                Event Upon Merger occurs and the Burdened Party is the Affected Party,”
                and (ii) by deleting the words “to transfer” and inserting the words “to
                effect a Permitted Transfer” in lieu
                thereof.

            

    

     

    
      	 	
              (vi)

            	
              Jurisdiction.
                Section
                13(b) is hereby amended by: (i) deleting in the second line of
                subparagraph (i) thereof the word “non-”, (ii) deleting “; and” from the
                end of subparagraph (i) and inserting “.” in lieu thereof, and (iii)
                deleting the final paragraph
                thereof.

            

    

     

    
      	 	
              (vii)

            	
              Local
                Business Day.
                The definition of Local Business Day in Section 14 is hereby amended
                by
                the addition of the words “or any Credit Support Document” after “Section
                2(a)(i)” and the addition of the words “or Credit Support Document” after
                “Confirmation”.

            

    

     

    

    
      
        
          
          

        

        
          M-2-17

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.
                The following Additional Termination Events will
                apply:

            

    

     

    
      	 	
              (i)

            	
              First
                Rating Trigger Collateral.
                If
                (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                Party A has failed to comply with or perform any obligation to be
                complied
                with or performed by Party A in accordance with the Credit Support
                Annex,
                then an Additional Termination Event shall have occurred with respect
                to
                Party A and Party A shall be the sole Affected Party with respect
                to such
                Additional Termination Event.

            

    

     

    
      	 	
              (ii)

            	
              Second
                Rating Trigger Replacement.
                If
                (A) a Required Ratings Downgrade Event has occurred and been continuing
                for 30 or more Local Business Days and (B) (i) at least one Eligible
                Replacement has made a Firm Offer to be the transferee of all of
                Party A’s
                rights and obligations under this Agreement (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Replacement
                upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                has made
                a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Guarantor
                immediately upon acceptance by the offeree), then an Additional
                Termination Event shall have occurred with respect to Party A and
                Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event.

            

    

     

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.
                In
                the event that no Relevant Entity has credit ratings at least equal
                to the
                Required Ratings Threshold, then Party A shall, as soon as reasonably
                practicable and so long as a Required Ratings Downgrade Event is
                in
                effect, at its own expense, using commercially reasonable efforts,
                procure
                either (A) a Permitted Transfer or (B) an Eligible
                Guarantee.

            

    

     

    
      	
              (e)

            	
              Item
                1115 Agreement.
                Party A and Party B hereby agree that the terms of the Item 1115
                Agreement, dated as of November 16, 2006 (the “Item
                1115 Agreement”),
                among Impac Funding Corporation (the “Sponsor”), Impac Secured Assets
                Corp. (the “Depositor”) and Bank of America, N.A. shall be incorporated by
                reference into this Agreement and Party B shall be an express third
                party
                beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement
                is annexed hereto at Annex B.

            

    

     

    
      	
              (f)

            	
              Transfers.

            

    

     

    
      	 	
              (i)

            	
              Section
                7 is hereby amended to read in its entirety as
                follows:

            

    

     

    “Except
      with respect to any Permitted Transfer pursuant to Section 6(b)(ii), Part 5(d),
      the Item 1115 Agreement, or the succeeding sentence, neither Party A nor Party
      B
      is permitted to assign, novate or transfer (whether by way of security or
      otherwise) as a whole or in part any of its rights, obligations or interests
      under the Agreement or any Transaction unless (a) the prior written consent
      of
      the other party is obtained, and (b) the Rating Agency Condition has been
      satisfied with respect to S&P. At any time at which no Relevant Entity has
      credit ratings at least equal to the Approved Ratings Threshold, Party A may
      make a Permitted Transfer.”

     

    

    
      
        
          
          

        

        
          M-2-18

          
            

          

        

        
          
          

        

      

    

    

    
      	 	
              (ii)

            	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, take any reasonable steps
                required to be taken by Party B to effect such
                transfer.

            

    

     

    
      	
              (g)

            	
              Non-Recourse.
                Party A acknowledges and agrees that, notwithstanding any provision
                in
                this Agreement to the contrary, the obligations of Party B hereunder
                are
                limited recourse obligations of Party B, payable solely from the
                Group
                [__] Supplemental Interest Trust and the proceeds thereof, in accordance
                with the priority of payments and other terms of the Pooling and
                Servicing
                Agreement and that Party A will not have any recourse to any of the
                directors, officers, agents, employees, shareholders or affiliates
                of the
                Party B with respect to any claims, losses, damages, liabilities,
                indemnities or other obligations in connection with any transactions
                contemplated hereby. In the event that the Group [__] Supplemental
                Interest Trust and the proceeds thereof, should be insufficient to
                satisfy
                all claims outstanding and following the realization of the account
                held
                by the Group [__] Supplemental Interest Trust and the proceeds thereof,
                any claims against or obligations of Party B under the ISDA Master
                Agreement or any other confirmation thereunder still outstanding
                shall be
                extinguished and thereafter not revive. The Group [__] Supplemental
                Interest Trust Trustee shall not have liability for any failure or
                delay
                in making a payment hereunder to Party A due to any failure or delay
                in
                receiving amounts in the account held by the Group [__]1 Supplemental
                Interest Trust from the Trust created pursuant to the Pooling and
                Servicing Agreement. This provision will survive the termination
                of this
                Agreement.

            

    

     

    
      	
              (h)

            	
              Fully-Paid
                Party Protected. Notwithstanding
                the terms of Sections 5 and 6 of the Agreement, if Party B has satisfied
                its payment obligations under Section 2(a)(i) of the Agreement, then
                unless Party A is required pursuant to appropriate proceedings to
                return
                to Party B or otherwise returns to Party B upon demand of Counterparty
                any
                portion of such payment, (a) the occurrence of an event described
                in
                Section 5(a) of the Agreement with respect to Party B shall not constitute
                an Event of Default or Potential Event of Default with respect to
                Party B
                as the Defaulting Party and (b) Party A shall be entitled to designate
                an
                Early Termination Event pursuant to Section 6 of the Agreement only
                as a
                result of a Termination Event set forth in either Section 5(b)(i)
                or
                Section 5(b)(ii) of the Agreement with respect to Party A as the
                Affected
                Party or Section 5(b)(iii) of the Agreement with respect to Party
                A as the
                Burdened Party. For purposes of each Transaction to which this Agreement
                relates, Party B’s only obligation under Section 2(a)(i) of the Agreement
                is to pay the Fixed Amount on the Fixed Rate Payer Payment
                Date.

            

    

    
      

      
        	
                (i)

              	
                Rating
                  Agency Notifications.
                  Notwithstanding any other provision of this Agreement, no Early
                  Termination Date shall be effectively designated hereunder by Party
                  B and
                  no transfer of any rights or obligations under this Agreement shall
                  be
                  made by either party unless each Swap Rating Agency has been given
                  prior
                  written notice of such designation or
                  transfer.

              

      

       

    

    

    
      
        
          
          

        

        
          M-2-19

          
            

          

        

        
          
          

        

      

    

     

     

    
      	
              (j)

            	
              No
                Set-off.
                Except as expressly provided for in Section 2(c), Section 6 or Part
                1(f)(i)(D) hereof, and notwithstanding any other provision of this
                Agreement or any other existing or future agreement, each party
                irrevocably waives any and all rights it may have to set off, net,
                recoup
                or otherwise withhold or suspend or condition payment or performance
                of
                any obligation between it and the other party hereunder against any
                obligation between it and the other party under any other agreements.
                Section 6(e) shall be amended by deleting the following sentence:
“The
                amount, if any, payable in respect of an Early Termination Date and
                determined pursuant to this Section will be subject to any
                Set-off.”.

            

    

     

    
      	
              (k)

            	
              Amendment.
                Notwithstanding any provision to the contrary in this Agreement,
                no
                amendment of either this Agreement or any Transaction under this
                Agreement
                shall be permitted by either party unless each of the Swap Rating
                Agencies
                has been provided prior written notice of the same and such amendment
                satisfies the Rating Agency Condition with respect to
                S&P.

            

    

     

    
      	
              (l)

            	
              Notice
                of Certain Events or Circumstances.
                Each Party agrees, upon learning of the occurrence or existence of
                any
                event or condition that constitutes (or that with the giving of notice
                or
                passage of time or both would constitute) an Event of Default or
                Termination Event with respect to such party, promptly to give the
                other
                Party and to each Swap Rating Agency notice of such event or condition;
                provided that failure to provide notice of such event or condition
                pursuant to this Part 5(l) shall not constitute an Event of Default
                or a
                Termination Event.

            

    

     

    
      	
              (m)

            	
              Proceedings.
                No
                Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Group [__] Supplemental Interest Trust, or the Trust formed
                pursuant to the Pooling and Servicing Agreement, in any bankruptcy,
                reorganization, arrangement, insolvency or liquidation proceedings
                or
                other proceedings under any federal or state bankruptcy or similar
                law for
                a period of one year (or, if longer, the applicable preference period)
                and
                one day following payment in full of the Certificates and any Notes.
                This
                provision will survive the termination of this
                Agreement.

            

    

     

    
      	
              (n)

            	
              Group
                [__] Supplemental
                Interest Trust Trustee Liability Limitations.
                It
                is expressly understood and agreed by the parties hereto that (a)
                this
                Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”)
                not in its individual capacity, but solely as Group [__] Supplemental
                Interest Trust Trustee under the Pooling and Servicing Agreement
                in the
                exercise of the powers and authority conferred and invested in it
                thereunder; (b) Deutsche has been directed pursuant to the Pooling
                and
                Servicing Agreement to enter into this Agreement and to perform its
                obligations hereunder; (c) each of the representations, undertakings
                and
                agreements herein made on behalf of the Group [__] Supplemental Interest
                Trust is made and intended not as personal representations of the
                Group
                [__] Supplemental Interest Trust Trustee but is made and intended
                for the
                purpose of binding only the Group [__] Supplemental Interest Trust;
                (d)
                nothing herein contained shall be construed as creating any liability
                on
                Deutsche Bank National Trust Company, individually or personally,
                to
                perform any covenant either expressed or implied contained herein,
                all
                such liability, if any, being expressly waived by the parties who
                are
                signatories to this Agreement and by any person claiming by, through
                or
                under such parties; and (e) under no circumstances shall Deutsche
                Bank
                National Trust Company in its individual capacity be personally liable
                for
                the payment of any indemnity, indebtedness, fees or expenses of the
                Group
                [__] Supplemental Interest Trust or be liability for the breach or
                failure
                of any obligation, representation, warranty or covenant made or undertaken
                by the Group [__] Supplemental Interest Trust under this
                Agreement.

            

    

     

    

    
      
        
          
          

        

        
          M-2-20

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (o)

            	
              Severability.
                If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

     

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

     

    
      	
              (p)

            	
              Agent
                for Party B. Party
                A acknowledges that the Depositor has appointed the Group [__]
                Supplemental Interest Trust Trustee and the Trustee as agents under
                the
                Pooling and Servicing Agreement to carry out certain functions on
                behalf
                of Party B, and that the Group [__] Supplemental Interest Trust Trustee
                and the Trustee shall be entitled to give notices and to perform
                and
                satisfy the obligations of Party B hereunder on behalf of Party
                B.

            

    

     

    
      	
              (q)

            	
              Escrow
                Payments.
                If
                (whether by reason of the time difference between the cities in which
                payments are to be made or otherwise) it is not possible for simultaneous
                payments to be made on any date on which both parties are required
                to make
                payments hereunder, either Party may at its option and in its sole
                discretion notify the other Party that payments on that date are
                to be
                made in escrow. In this case deposit of the payment due earlier on
                that
                date shall be made by 2:00 pm (local time at the place for the earlier
                payment) on that date with an escrow agent selected by the notifying
                party, accompanied by irrevocable payment instructions (i) to release
                the
                deposited payment to the intended recipient upon receipt by the escrow
                agent of the required deposit of any corresponding payment payable
                by the
                other party on the same date accompanied by irrevocable payment
                instructions to the same effect or (ii) if the required deposit of
                the
                corresponding payment is not made on that same date, to return the
                payment
                deposited to the party that paid it into escrow. The party that elects
                to
                have payments made in escrow shall pay all costs of the escrow
                arrangements.

            

    

     

    

    
      
        
          
          

        

        
          M-2-21

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (r)

            	
              Consent
                to Recording.
                Each party hereto consents to the monitoring or recording, at any
                time and
                from time to time, by the other party of any and all communications
                between trading, marketing, and operations personnel of the parties
                and
                their Affiliates, waives any further notice of such monitoring or
                recording, and agrees to notify such personnel of such monitoring
                or
                recording.

            

    

     

    
      	
              (s)

            	
              Waiver
                of Jury Trial.
                Each party waives any right it may have to a trial by jury in respect
                of
                any suit, action or proceeding relating to this Agreement or any
                Credit
                Support Document.

            

    

     

    
      	
              (t)

            	
              Form
                of ISDA Master Agreement.
                Party A and Party B hereby agree that the text of the body of the
                ISDA
                Master Agreement is intended to be the printed form of the ISDA Master
                Agreement (Multicurrency - Crossborder) as published and copyrighted
                in
                1992 by the International Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	
              (u)

            	
              Payment
                Instructions.
                Party A hereby agrees that, unless notified in writing by Party B
                of other
                payment instructions, any and all amounts payable by Party A to Party
                B
                under this Agreement shall be paid to the account specified in Item
                4 of
                this Confirmation, below.

            

    

     

    
      	
              (v)

            	
              Additional
                representations.

            

    

     

    
      	 	
              (i)

            	
              Representations
                of Party A.
                Party A represents to Party B on the date on which Party A enters
                into
                each Transaction that:--

            

    

     

    
      	 	
              (1)

            	
              Party
                A’s obligations under this Agreement rank pari passu with all of Party
                A’s
                other unsecured, unsubordinated obligations except those obligations
                preferred by operation of law.

            

    

     

    
      	 	
              (2)

            	
              Party
                A is a bank subject to the requirements of 12 U.S.C. § 1823(e), its
                execution, delivery and performance of this Agreement (including
                the
                Credit Support Annex and each Confirmation) have been approved by
                its
                board of directors or its loan committee, such approval is reflected
                in
                the minutes of said board of directors or loan committee, and this
                Agreement (including the Credit Support Annex and each Confirmation)
                will
                be maintained as one of its official records continuously from the
                time of
                its execution (or in the case of any Confirmation, continuously until
                such
                time as the relevant Transaction matures and the obligations therefor
                are
                satisfied in full).

            

    

     

    
      	 	
              (ii)

            	
              Capacity.
                Party A represents to Party B on the date on which Party A enters
                into
                this Agreement that it is entering into the Agreement and the Transaction
                as principal and not as agent of any person. The Group [__] Supplemental
                Interest Trust Trustee represents to Party A on the date on which
                the
                Group [__] Supplemental Interest Trust Trustee executes this Agreement
                that it is executing the Agreement in its capacity as Group [__]
                Supplemental Interest Trust
                Trustee.

            

    

     

    

    
      
        
          
          

        

        
          M-2-22

          
            

          

        

        
          
          

        

      

    

    

    
      	
              (w)

            	
              Acknowledgements.

            

    

     

    
      	 	
              (i)

            	
              Substantial
                financial transactions.
                Each party hereto is hereby advised and acknowledges as of the date
                hereof
                that the other party has engaged in (or refrained from engaging in)
                substantial financial transactions and has taken (or refrained from
                taking) other material actions in reliance upon the entry by the
                parties
                into the Transaction being entered into on the terms and conditions
                set
                forth herein and in the Pooling and Servicing Agreement relating
                to such
                Transaction, as applicable. This paragraph shall be deemed repeated
                on the
                trade date of each Transaction.

            

    

     

    
      	 	
              (ii)

            	
              Bankruptcy
                Code.
                Subject to Part 5(m), without limiting the applicability if any,
                of any
                other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                Code”) (including without limitation Sections 362, 546, 556, and 560
                thereof and the applicable definitions in Section 101 thereof), the
                parties acknowledge and agree that all Transactions entered into
                hereunder
                will constitute “forward contracts” or “swap agreements” as defined in
                Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                Section 761 of the Bankruptcy Code, that the rights of the parties
                under
                Section 6 of this Agreement will constitute contractual rights to
                liquidate Transactions, that any margin or collateral provided under
                any
                margin, collateral, security, pledge, or similar agreement related
                hereto
                will constitute a “margin payment” as defined in Section 101 of the
                Bankruptcy Code, and that the parties are entities entitled to the
                rights
                under, and protections afforded by, Sections 362, 546, 556, and 560
                of the
                Bankruptcy Code.

            

    

     

    
      	
              (x)

            	
              USA
                Patriot Act Notice. Party
                A hereby notifies Party B that pursuant to the requirements of the
                USA
                Patriot Act (Title III of Pub. L. 107-56 (signed into law October
                26,
                2001)) (the “Patriot Act”), it is required to obtain, verify and record
                information that identifies Party B, which information includes the
                name
                and address of Party B and other information that will allow Party
                A to
                identity Party B in accordance with the Patriot
                Act.

            

    

     

    
      	
              (y)

            	
              Optional
                Termination.
                Upon the occurrence of a termination of the Trust Fund with respect
                to
                Loan Group [__] pursuant to Section 9.01 (the “Optional Termination”) of
                the Pooling and Servicing
                Agreement:

            

    

     

    (a) Party
      B
      hereby assigns all of its rights and delegates all of its liabilities and
      obligations to Impac Mortgage Holdings, Inc., and Impac Mortgage Holdings,
      Inc.
      hereby assumes all of Party B’s rights, liabilities, and obligations, under the
      New Transaction and the New Confirmation arising on or after the final Payment
      Date under the Pooling and Servicing Agreement (such date, the “Optional
      Termination Payment Date”; such transaction and confirmation, collectively, the
“Assigned Transaction”). The Assigned Transaction shall be governed by and form
      part of an agreement in the form of a 1992 ISDA Master Agreement between Party
      A
      and Impac Mortgage Holdings, Inc., dated as of March 21, 2002, as amended and
      supplemented from time to time. Party A hereby consents to the assignment and
      delegation by Party B of all of its rights, liabilities, and obligations under
      the Assigned Transaction to Impac Mortgage Holdings, Inc.;

     

    

    
      
        
          
          

        

        
          M-2-23

          
            

          

        

        
          
          

        

      

    

    

    (b) Party
      A
      and Party B hereby release one another from all liabilities and obligations
      owed
      under and in respect of the Assigned Transaction, and Party B hereby terminates
      its rights under and in respect of the Assigned Transaction;

     

    (c) Party
      A
      hereby agrees that Impac Mortgage Holdings, Inc. may do one of the following
      with the Assigned Transaction:

     

    (i) retain
      such Assigned Transaction;

     

    (ii) further
      assign all of its rights and delegate all of its liabilities and obligations
      under the Assigned Transaction to a third party, such assignment and delegation
      to be effective upon the receipt of written consent thereto from Party A (in
      its
      sole and absolute discretion); or

     

    (iii) terminate
      the Assigned Transaction by giving three Business Days’ prior written notice to
      Party A (the “Optional Termination Date”). On such Optional Termination Date, if
      any, a termination payment (if any) shall be payable by Impac Mortgage Holdings,
      Inc. or Party A, as applicable, as determined by the Calculation Agent by the
      application of Section 6(e)(ii) of the Agreement, with Market Quotation and
      Second Method being the applicable method for determining the termination
      payment. The exercise of the right to terminate under this provision shall
      not
      be an Event of Default under any of the other Transactions that are part of
      the
      Old Agreement or the New Agreement. For purposes of the Optional Termination
      Date, Impac Mortgage Holdings, Inc. shall be the sole Affected
      Party.

     

    
      	
              (z)

            	
              Third
                Party Beneficiary.
                The parties hereto acknowledge and agree that the Certificate Insurer
                shall be an express third-party beneficiary of this Agreement and
                shall be
                entitled to rely on (and enforce) the representations, warranties,
                covenants and obligations as set forth
                herein.

            

    

     

    
      	
              (aa)

            	
              Notices.
                Each
                of Party A and Party B acknowledges and agrees that a copy of each
                written
                default and/or termination notice sent to the other party hereto
                with
                respect to this Agreement shall be sent to the Certificate Insurer
                at its
                address as set forth herein.

            

    

     

    
      	
              (bb)

            	
              Additional
                Definitions.

            

    

     

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise:

     

    “Approved
      Ratings Threshold”
      means
      each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
      Ratings Threshold.

    
      

      “Approved
        Replacement”
        means,
        with respect to a Market Quotation, an entity making such Market Quotation,
        which entity would satisfy conditions (a), (b), (c) and (d) of the definition
        of
        Permitted Transfer (as determined by Party B in its sole discretion, acting
        in a
        commercially reasonable manner) if such entity were a Transferee, as defined
        in
        the definition of Permitted Transfer.

    

    

    
      
        
          
          

        

        
          M-2-24

          
            

          

        

        
          
          

        

      

    

     

    “Derivative
      Provider Trigger Event”
      means
      (i) an Event of Default with respect to which Party A is a Defaulting Party,
      (ii) a Termination Event with respect to which Party A is the sole Affected
      Party or (iii) an Additional Termination Event with respect to which Party
      A is
      the sole Affected Party.

     

    “Eligible
      Guarantee”
      means an
      unconditional and irrevocable guarantee of all present and future obligations
      (for the avoidance of doubt, not limited to payment obligations) of Party A
      (or
      an Eligible Replacement) to Party B under this Agreement that is provided by
      an
      Eligible Guarantor as principal debtor rather than surety and that is directly
      enforceable by Party B, the form and substance of which guarantee are subject
      to
      the Rating Agency Condition with respect to S&P, and either (A) a law firm
      has given a legal opinion confirming that none of the guarantor’s payments to
      Party B under such guarantee will be subject to Tax collected by withholding
      or
      (B) such guarantee provides that, in the event that any of such guarantor’s
      payments to Party B are subject to Tax collected by withholding, such guarantor
      is required to pay such additional amount as is necessary to ensure that the
      net
      amount actually received by Party B (free and clear of any Tax collected by
      withholding) will equal the full amount Party B would have received had no
      such
      withholding been required.

     

    “Eligible
      Guarantor”
      means an
      entity that (A) has credit ratings from S&P at least equal to the S&P
      Approved Ratings Threshold, and (B) has credit ratings from Moody’s at least
      equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
      avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with
      credit ratings below the Moody’s First Trigger Ratings Threshold will not cause
      a Collateral Event (as defined in the Credit Support Annex) not to occur or
      continue with respect to Moody’s. An Eligible Guarantor shall provide to Party B
      in writing all credit ratings described in this definition, upon request of
      Party B.

     

    “Eligible
      Replacement”
      means an
      entity (A) (i) (a) that has credit ratings from S&P at least equal to the
      S&P Approved Ratings Threshold, and (b) has credit ratings from Moody’s at
      least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
      avoidance of doubt, that an Eligible Replacement with credit ratings below
      the
      Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as
      defined in the Credit Support Annex) not to occur or continue with respect
      to
      Moody’s, or (ii) the present and future obligations (for the avoidance of doubt,
      not limited to payment obligations) of which entity to Party B under this
      Agreement are guaranteed pursuant to an Eligible Guarantee and (B) that has
      executed an Item 1115 Agreement with Depositor. An Eligible Replacement shall
      provide to Party B in writing all credit ratings described in this definition,
      upon request of Party B.

     

    

    
      
        
          
          

        

        
          M-2-25

          
            

          

        

        
          
          

        

      

    

    

    “Firm
      Offer”
      means
      (A) with respect to an Eligible Replacement, a quotation from such Eligible
      Replacement (i) in an amount equal to the actual amount payable by or to Party
      B
      in consideration of an agreement between Party B and such Eligible Replacement
      to replace Party A as the counterparty to this Agreement by way of novation
      or,
      if such novation is not possible, an agreement between Party B and such Eligible
      Replacement to enter into a Replacement Transaction (assuming that all
      Transactions hereunder become Terminated Transactions), and (ii) that
      constitutes an offer by such Eligible Replacement to replace Party A as the
      counterparty to this Agreement or enter a Replacement Transaction that will
      become legally binding upon such Eligible Replacement upon acceptance by Party
      B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
      Guarantor to provide an Eligible Guarantee that will become legally binding
      upon
      such Eligible Guarantor upon acceptance by the offeree.

     

    “Moody’s”
      means
      Moody’s Investors Service, Inc., or any successor thereto.

     

    “Moody’s
      First Trigger Ratings Event”
      means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s First Trigger Ratings Threshold.

     

    “Moody’s
      First Trigger Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has a short-term unsecured and
      unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
      or (ii) if such entity does not have a short-term unsecured and unsubordinated
      debt rating or counterparty rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

     

    “Moody’s
      Second Trigger Ratings Event”
      means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold.

     

    “Moody’s
      Second Trigger Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has a short-term unsecured and
      unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
      or (ii) if such entity does not have a short-term unsecured and unsubordinated
      debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
      or counterparty rating from Moody’s of “A3”.

    

    “Permitted
      Transfer” means
      a
      transfer by novation by Party A pursuant to Section 6(b)(ii), Part 5(d), the
      Item 1115 Agreement, or the second sentence of Section 7 (as amended herein)
      to
      a transferee (the “Transferee”)
      of all,
      but not less than all, of Party A’s rights, liabilities, duties and obligations
      under this Agreement, with respect to which transfer each of the following
      conditions is satisfied: (a) the Transferee is an Eligible Replacement; (b)
      Party A and the Transferee are both “dealers in notional principal contracts”
within the meaning of Treasury regulations section 1.1001-4; (c) as of the
      date
      of such transfer the Transferee would not be required to withhold or deduct
      on
      account of Tax from any payments under this Agreement or would be required
      to
      gross up for such Tax under Section 2(d)(i)(4); (d) an Event of Default or
      Termination Event would not occur as a result of such transfer; (e) pursuant
      to
      a written instrument (the “Transfer
      Agreement”),
      the
      Transferee acquires and assumes all rights and obligations of Party A under
      the
      Agreement and the relevant Transaction; (f) Party B shall have determined,
      in
      its sole discretion, acting in a commercially reasonable manner, that such
      Transfer Agreement is effective to transfer to the Transferee all, but not
      less
      than all, of Party A’s rights and obligations under the Agreement and all
      relevant Transactions; (g) Party A will be responsible for any costs or expenses
      incurred in connection with such transfer (including any replacement cost of
      entering into a replacement transaction); (h) either (A) Moody’s has been given
      prior written notice of such transfer and the Rating Agency Condition is
      satisfied with respect to S&P or (B) each Swap Rating Agency has been given
      prior written notice of such transfer and such transfer is in connection with
      the assignment and assumption of this Agreement without modification of its
      terms, other than party names, dates relevant to the effective date of such
      transfer, tax representations (provided that the representations in Part 2(a)(i)
      are not modified) and any other representations regarding the status of the
      substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2)
      or Part 5(v)(ii), notice information and account details; and (i) such transfer
      otherwise complies with the terms of the Pooling and Servicing
      Agreement.

     

    

    
      
        
          
          

        

        
          M-2-26

          
            

          

        

        
          
          

        

      

    

     

    “Rating
      Agency Condition”
      means,
      with respect to any particular proposed act or omission to act hereunder and
      each Swap Rating Agency specified in connection with such proposed act or
      omission, that the party acting or failing to act must consult with each of
      the
      specified Swap Rating Agencies and receive from each such Swap Rating Agency
      a
      prior written confirmation that the proposed action or inaction would not cause
      a downgrade or withdrawal of the then-current rating of any Certificates or
      Notes.

     

    “Relevant
      Entity”
      means
      Party A and, to the extent applicable, a guarantor under an Eligible
      Guarantee.

     

    “Replacement
      Transaction”
      means,
      with respect to any Terminated Transaction or group of Terminated Transactions,
      a transaction or group of transactions that (i) would have the effect of
      preserving for Party B the economic equivalent of any payment or delivery
      (whether the underlying obligation was absolute or contingent and assuming
      the
      satisfaction of each applicable condition precedent) by the parties under
      Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
      Transactions that would, but for the occurrence of the relevant Early
      Termination Date, have been required after that Date, and (ii) has terms which
      are substantially the same as this Agreement, including, without limitation,
      rating triggers, Regulation AB compliance, and credit support documentation,
      save for the exclusion of provisions relating to Transactions that are not
      Terminated Transaction, as determined by Party B in its sole discretion, acting
      in a commercially reasonable manner.

     

    

    
      
        
          
          

        

        
          M-2-27

          
            

          

        

        
          
          

        

      

    

    

    “Required
      Ratings Downgrade Event”
      means
      that no Relevant Entity has credit ratings at least equal to the Required
      Ratings Threshold.

     

    “Required
      Ratings Threshold”
      means
      each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
      Ratings Threshold.

     

    “S&P”
      means
      Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies,
      Inc., or any successor thereto.

     

    “S&P
      Approved Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a short-term unsecured and unsubordinated debt rating
      from
      S&P of “A-1”, or, if such entity does not have a short-term unsecured and
      unsubordinated debt rating from S&P, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from S&P of
“A+”.

     

    “S&P
      Required Ratings Threshold”
      means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a long-term unsecured and unsubordinated debt rating
      or
      counterparty rating from S&P of “BBB+”.

     

    “Swap
      Rating Agencies”
      means,
      with respect to any date of determination, each of S&P and Moody’s, to the
      extent that each such rating agency is then providing a rating for any of the
      Impac Secured Assets Trust 2007-2, Impac Secured Assets Corp., Mortgage
      Pass-Through Certificates, Series 2007-2 (the “Certificates”) or any notes
      backed by the Certificates (the “Notes”).

     

    [Remainder
      of this page intentionally left blank.]

     

    

    
      
        
          
          

        

        
          M-2-28

          
            

          

        

        
          
          

        

      

    

    

    

    4. Account
      Details and Settlement Information:

     

    
      	
              Payments
                to Party A:

            	
              Name:
                

            	
              Bank
                of America, N.A. - New York

            
	 	
              ABA
                #: 

            	
              026009593

            
	 	
              Attn:

            	
              BOFAUS3N

            
	 	
              Name:
                

            	
              Bank
                of America, N.A.

            
	 	
              City:

            	
              Charlotte

            
	 	
              Acct#:
                

            	
              6550219386

            
	 	
              Attn:
                

            	
              Rate
                Derivative Settlements

            
	 	
              Attn:
                

            	
              BOFAUS6SGDS

            

    

    

    
      	
              Payments
                to Party B:

            	
              Deutsche
                Bank Trust Company - Americas

            
	 	
              ABA
                021001033

            
	 	
              Bene
                Acct. 014-19-663

            
	 	
              Bene
                Acct. Name NYLTD Funds Control - Stars West

            
	 	
              Ref:
                IMPAC Secured Assets Trust 2007-2 - Group 1 CAP payment

            
	 	 

    

    This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

     

    

    
      
        
          
          

        

        
          M-2-29

          
            

          

        

        
          
          

        

      

    

    

    We
      are
      very pleased to have executed this Transaction with you and we look forward
      to
      completing other transactions with you in the near future.

     

    Very
      truly yours,

     

    Bank
      of America, N.A.

     

    By: _______________________________

    Name:

    Title:

     

    Party
      B,
      acting through its duly authorized signatory, hereby agrees to, accepts and
      confirms the terms of the foregoing as of the date hereof.

     

    Deutsche
      Bank National Trust Company, not in its individual capacity, but solely as
      Group
      1[__] Supplemental Interest Trust Trustee on behalf of the Group [__]
      Supplemental Interest Trust with respect to the Impac Secured Assets Trust
      2007-2, Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series
      2007-2

    
       

      By: _______________________________

      Name:

      Title:

       

    

    Agreed
      to
      by:

     

    Impac
      Mortgage Holdings, Inc.

    
       

      By: _______________________________

      Name:

      Title:

    
      
        
          
          

        

        
          M-2-30

          
            

          

        

        
          
          

        

      

    

    

    SCHEDULE
      I

     

    (All
      such
      dates subject to adjustment in accordance with the Following Business Day
      Convention)

    
      

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount (USD)

                	
                  Fixed
                    Rate

                
	
                  Effective
                    Date

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
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                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
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                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                
	
                  [_______]

                	
                  [_______]

                	
                  [_______]

                	
                  [______]

                

        

      

    

    

    
      
        
          
          

        

        
          M-2-31

          
            

          

        

        
          
          

        

      

    

    

    
Annex
      A

     

    Paragraph
      13 of the Credit Support Annex

    
      
        
          
          

        

        
          M-2-A-1

          
            

          

        

        
          
          

        

      

    

    

    Annex
      B

     

    Item
      1115 Agreement

    
 

    
      
        
          
          

        

        
          M-2-B-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      N

     

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    (RMBS
      unless otherwise noted)

     

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements.

     

    Key: X
      - obligation

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Sub-Servicer

            	
              Master
                Servicer

            	
              Trustee

            
	 	
              General
                Servicing Considerations

            	 	 	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              To
                the extent applicable

            	
              X

            	 
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained.

            	 	 	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements.

            	
              X

            	
              X

            	 
	 	
              Cash
                Collection and Administration

            	 	 	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	
              X

            	
              X

            	
              X

            

    

    

    
      
        
          
          

        

        
          N-1

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction
                agreements.

            	
              X

            	
              X

            	 
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	
              If
                applicable

            	 	 

    

    

    
      
        
          
          

        

        
          N-2

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	
              X

            	
              X

            	
              X

            
	 	
              Investor
                Remittances and Reporting

            	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the
                Sub-Servicer.

            	 	
              X

            	
              X

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements.

            	 	
              X

            	
              X

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the
                Sub-Servicer’s investor records, or such other number of days specified in
                the transaction agreements.

            	 	
              X

            	
              X

            
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank
                statements.

            	 	
              X

            	
              X

            
	 	
              Pool
                Asset Administration

            	 	 	 
	
              1122(d)(4)(i)

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents.

            	 	
              X

            	
              X

            
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements

            	 	
              X

            	
              X

            

    

    

    
      
        
          
          

        

        
          N-3

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Sub-Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents.

            	
              X

            	 	 
	
              1122(d)(4)(v)

            	
              The
                Sub-Servicer’s records regarding the pool assets agree with the
                Sub-Servicer’s records with respect to an obligor’s unpaid principal
                balance.

            	
              X

            	 	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor’s pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents.

            	
              X

            	
              X

            	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements.

            	
              X

            	
              X

            	 

    

    

    
      
        
          
          

        

        
          N-4

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or
                unemployment).

            	
              X

            	 	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents.

            	
              X

            	
              X

            	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements.

            	
              X

            	 	 
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the Sub-Servicer at least 30 calendar days prior
                to
                these dates, or such other number of days specified in the transaction
                agreements.

            	
              X

            	 	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Sub-Servicer’s funds and not charged to
                the obligor, unless the late payment was due to the obligor’s error or
                omission.

            	
              X

            	 	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the Sub-Servicer, or such other number of
                days specified in the transaction agreements.

            	
              X

            	 	 
	
              1122(d)(4)(xiv)

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements.

            	
              X

            	
              X

            	 
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements.

            	 	
              X

            	
              X

            

    

    
 

    
      
        
          
          

        

        
          N-5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      O

     

    FORM
      10-D, FORM 8-K AND FORM 10-K

    REPORTING
      RESPONSIBILITY

     

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the Trustee pursuant
      to Section 3.25. If the Trustee is indicated below as to any item, then the
      Trustee is primarily responsible for obtaining that information.

     

    Under
      Item 1 of Form 10-D: a) items marked “4.02 statement” are required to be
      included in the periodic Distribution Date statement under Section 4.02,
      provided by the Trustee based on information received from the Master Servicer;
      and b) items marked “Form 10-D report” are required to be in the Form 10-D
      report but not the 4.02 statement, provided by the party indicated. Information
      under all other Items of Form 10-D is to be included in the Form 10-D
      report.

    
      

      
        	
                Form

              	
                Item

              	
                Description

              	
                Responsible
                  Party

              
	
                10-D

              	
                Must
                  be filed within 15 days of the Distribution Date.

              
	
                1

              	
                Distribution
                  and Pool Performance Information

              	 
	
                Item
                  1121(a) - Distribution and Pool Performance
                  Information

              	 
	
                (1)
                  Any applicable record dates, accrual dates, determination dates
                  for
                  calculating distributions and actual distribution dates for the
                  distribution period.

              	
                4.02
                  statement

              
	
                (2)
                  Cash flows received and the sources thereof for distributions,
                  fees and
                  expenses.

              	
                4.02
                  statement

              
	
                (3)
                  Calculated amounts and distribution of the flow of funds for the
                  period
                  itemized by type and priority of payment, including:

              	
                4.02
                  statement

              
	
                (i)
                  Fees or expenses accrued and paid, with an identification of the
                  general
                  purpose of such fees and the party receiving such fees or
                  expenses.

              	
                4.02
                  statement

              
	
                (ii)
                  Payments accrued or paid with respect to enhancement or other support
                  identified in Item 1114 of Regulation AB (such as insurance premiums
                  or
                  other enhancement maintenance fees), with an identification of
                  the general
                  purpose of such payments and the party receiving such
                  payments.

              	
                4.02
                  statement

              
	
                (iii)
                  Principal, interest and other distributions accrued and paid on
                  the
                  asset-backed securities by type and by class or series and any
                  principal
                  or interest shortfalls or carryovers.

              	
                4.02
                  statement

              
	
                (iv)
                  The amount of excess cash flow or excess spread and the disposition
                  of
                  excess cash flow.

              	
                4.02
                  statement

              
	
                (4)
                  Beginning and ending principal balances of the asset-backed
                  securities.

              	
                4.02
                  statement

              

      

      
        
          
          

        

        
          O-1

          
            

          

        

        
          
          

        

      

      

      
        	 	 	
                (5)
                  Interest rates applicable to the pool assets and the asset-backed
                  securities, as applicable. Consider providing interest rate information
                  for pool assets in appropriate distributional groups or incremental
                  ranges.

              	
                4.02
                  statement

              
	
                (6)
                  Beginning and ending balances of transaction accounts, such as
                  reserve
                  accounts, and material account activity during the period.

              	
                4.02
                  statement

              
	
                (7)
                  Any amounts drawn on any credit enhancement or other support identified
                  in
                  Item 1114 of Regulation AB, as applicable, and the amount of coverage
                  remaining under any such enhancement, if known and
                  applicable.

              	
                4.02
                  statement

              
	
                (8)
                  Number and amount of pool assets at the beginning and ending of
                  each
                  period, and updated pool composition information, such as weighted
                  average
                  coupon, weighted average life, weighted average remaining term,
                  pool
                  factors and prepayment amounts.

              	
                4.02
                  statement

                Updated
                  pool composition information fields to be as specified by Depositor
                  from
                  time to time

              
	
                (9)
                  Delinquency and loss information for the period.

                In
                  addition, describe any material changes to the information specified
                  in
                  Item 1100(b)(5) of Regulation AB regarding the pool
                  assets.

              	
                4.02
                  statement.

                Form
                  10-D report: Depositor

              
	
                (10)
                  Information on the amount, terms and general purpose of any advances
                  made
                  or reimbursed during the period, including the general use of funds
                  advanced and the general source of funds for
                  reimbursements.

              	
                4.02
                  statement

              
	
                (11)
                  Any material modifications, extensions or waivers to pool asset
                  terms,
                  fees, penalties or payments during the distribution period or that
                  have
                  cumulatively become material over time.

              	
                Form
                  10-D report; Sub-Servicer

              
	 	 	
                (12)
                  Material breaches of pool asset representations or warranties or
                  transaction covenants.

              	
                Form
                  10-D report: Sub-Servicer

              
	
                (13)
                  Information on ratio, coverage or other tests used for determining
                  any
                  early amortization, liquidation or other performance trigger and
                  whether
                  the trigger was met.

              	
                4.02
                  statement

              
	
                (14)
                  Information regarding any new issuance of asset-backed securities
                  backed
                  by the same asset pool,

                [information
                  regarding] any pool asset changes (other than in connection with
                  a pool
                  asset converting into cash in accordance with its terms), such
                  as
                  additions or removals in connection with a prefunding or revolving
                  period
                  and pool asset substitutions and repurchases (and purchase rates,
                  if
                  applicable), and cash flows available for future purchases, such
                  as the
                  balances of any prefunding or revolving accounts, if
                  applicable.

                Disclose
                  any material changes in the solicitation, credit-granting, underwriting,
                  origination, acquisition or pool selection criteria or procedures,
                  as
                  applicable, used to originate, acquire or select the new pool
                  assets.

              	
                Form
                  10-D report: Depositor

                Form
                  10-D report: Depositor

                Form
                  10-D report: Depositor

              

      

      
        
          
          

        

        
          O-2

          
            

          

        

        
          
          

        

      

      

      
        	 	 	
                Item
                  1121(b) - Pre-Funding or Revolving Period Information

                Updated
                  pool information as required under Item 1121(b).

              	
                Depositor

              
	
                2

              	
                Legal
                  Proceedings

              	 
	
                Item
                  1117 - Legal proceedings pending against the following entities,
                  or their
                  respective property, that is material to Certificateholders, including
                  proceedings known to be contemplated by governmental
                  authorities:

                Seller

                Depositor

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Custodian

              	
                 

                 

                 

                 

                 

                Seller

                Depositor

                Trustee

                Depositor

                Master
                  Servicer

                Originator

                Custodian

              
	
                3

              	
                Sales
                  of Securities and Use of Proceeds

              	 
	
                Information
                  from Item 2(a) of Part II of Form 10-Q:

                With
                  respect to any sale of securities by the sponsor, depositor or
                  issuing
                  entity, that are backed by the same asset pool or are otherwise
                  issued by
                  the issuing entity, whether or not registered, provide the sales
                  and use
                  of proceeds information in Item 701 of Regulation S-K. Pricing
                  information
                  can be omitted if securities were not registered.

              	
                Depositor

              
	
                4

              	
                Defaults
                  Upon Senior Securities

              	 
	
                Information
                  from Item 3 of Part II of Form 10-Q:

                Report
                  the occurrence of any Event of Default (after expiration of any
                  grace
                  period and provision of any required notice)

              	
                N/A

              
	
                5

              	
                Submission
                  of Matters to a Vote of Security Holders

              	 
	
                Information
                  from Item 4 of Part II of Form 10-Q

              	
                Trustee

              
	
                6

              	
                Significant
                  Obligors of Pool Assets

              	 
	
                Item
                  1112(b) - Significant
                  Obligor Financial Information*

              	
                N/A

              

      

      
        
          
          

        

        
          O-3

          
            

          

        

        
          
          

        

      

      

      
        	 	 	
                *This
                  information need only be reported on the Form 10-D for the distribution
                  period in which updated information is required pursuant to the
                  Item.

              	 
	
                7

              	
                Significant
                  Enhancement Provider Information

              	 
	
                Item
                  1114(b)(2) - Credit Enhancement Provider Financial
                  Information*

                Determining
                  applicable disclosure threshold

                Obtaining
                  required financial information or effecting incorporation by
                  reference

              	
                N/A

                N/A

              
	
                Item
                  1115(b) - Derivative Counterparty Financial Information*

                Determining
                  current maximum probable exposure

                Determining
                  current significance percentage

                Obtaining
                  required financial information or effecting incorporation by
                  reference

              	
                Depositor

              
	
                *This
                  information need only be reported on the Form 10-D for the distribution
                  period in which updated information is required pursuant to the
                  Items.

              	 
	 	
                8

              	
                Other
                  Information

              	 
	
                Disclose
                  any information required to be reported on Form 8-K during the
                  period
                  covered by the Form 10-D but not reported

              	
                The
                  Responsible Party for the applicable Form 8-K item as indicated
                  below

              
	
                9

              	
                Exhibits

              	 
	
                Distribution
                  report

              	
                Trustee

              
	
                Exhibits
                  required by Item 601 of Regulation S-K, such as material
                  agreements

              	
                Depositor

              
	
                8-K

              	
                Must
                  be filed within four business days of an event reportable on Form
                  8-K.

              
	
                1.01

              	
                Entry
                  into a Material Definitive Agreement

              	 
	
                Disclosure
                  is required regarding entry into or amendment of any definitive
                  agreement
                  that is material to the securitization, even if depositor is not
                  a
                  party.

                Examples:
                  servicing agreement, custodial agreement.

                Note:
                  disclosure not required as to definitive agreements that are fully
                  disclosed in the prospectus

              	
                Depositor

              
	
                1.02

              	
                Termination
                  of a Material Definitive Agreement

              	 
	
                Disclosure
                  is required regarding termination of any definitive agreement that
                  is
                  material to the securitization (other than expiration in accordance
                  with
                  its terms), even if depositor is not a party.

                Examples:
                  servicing agreement, custodial agreement.

              	
                Depositor

              

      

      
        
          
          

        

        
          O-4

          
            

          

        

        
          
          

        

      

      

      
        	 	
                1.03

              	
                Bankruptcy
                  or Receivership

              	 
	
                Disclosure
                  is required regarding the bankruptcy or receivership, if known
                  to the
                  Depositor, Sub-Servicer or Trustee, with respect to any of the
                  following:

                Sponsor
                  (Seller), Depositor, Sub-Servicer, Trustee, Swap Provider,
                  Custodian

              	
                Depositor/Sub-Servicer

              
	
                2.04

              	
                Triggering
                  Events that Accelerate or Increase a Direct Financial Obligation
                  or an
                  Obligation under an Off-Balance Sheet Arrangement

              	 
	
                Includes
                  an early amortization, performance trigger or other event, including
                  event
                  of default, that would materially alter the payment priority/distribution
                  of cash flows/amortization schedule.

                Disclosure
                  will be made of events other than waterfall triggers which are
                  disclosed
                  in the 4.02 statement

              	
                N/A

              
	
                3.03

              	
                Material
                  Modification to Rights of Security Holders

              	 
	
                Disclosure
                  is required of any material modification to documents defining
                  the rights
                  of Certificateholders, including the Pooling and Servicing
                  Agreement

              	
                Party
                  requesting material modification

              
	
                5.03

              	
                Amendments
                  to Articles of Incorporation or Bylaws; Change in Fiscal
                  Year

              	 
	
                Disclosure
                  is required of any amendment “to the governing documents of the issuing
                  entity”

              	
                Depositor

              
	
                5.06

              	
                Change
                  in Shell Company Status

              	 
	
                [Not
                  applicable to ABS issuers]

              	
                Depositor

              
	
                6.01

              	
                ABS
                  Informational and Computational Material

              	 
	
                [Not
                  included in reports to be filed under Section 4.07]

              	
                Depositor

              
	
                6.02

              	
                Change
                  of Master Servicer or Trustee

              	 
	
                Requires
                  disclosure of any removal, replacement, substitution or addition
                  of any
                  master servicer, affiliated servicer, other servicer servicing
                  10% or more
                  of pool assets at time of report, other material servicers, certificate
                  administrator or trustee. Reg AB disclosure about any new servicer
                  or
                  trustee is also required.

              	
                Trustee
                  or Master Servicer

              
	
                6.03

              	
                Change
                  in Credit Enhancement or Other External Support

              	 
	
                Covers
                  termination of any enhancement in manner other than by its terms,
                  the
                  addition of an enhancement, or a material change in the enhancement
                  provided. Applies to external credit enhancements as well as derivatives.
                  Reg AB disclosure about any new enhancement provider is also
                  required.

              	
                Depositor

              
	
                6.04

              	
                Failure
                  to Make a Required Distribution

              	
                Trustee

              

      

      
        
          
          

        

        
          O-5

          
            

          

        

        
          
          

        

      

      

      
        	 	
                6.05

              	
                Securities
                  Act Updating Disclosure

              	 
	
                If
                  any material pool characteristic differs by 5% or more at the time
                  of
                  issuance of the securities from the description in the final prospectus,
                  provide updated Reg AB disclosure about the actual asset
                  pool.

              	
                Depositor

              
	
                If
                  there are any new servicers or originators required to be disclosed
                  under
                  Regulation AB as a result of the foregoing, provide the information
                  called
                  for in Items 1108 and 1110 respectively.

              	
                Depositor

              
	
                7.01

              	
                Regulation
                  FD Disclosure

              	
                Depositor

              
	
                8.01

              	
                Other
                  Events

              	 
	
                Any
                  event, with respect to which information is not otherwise called
                  for in
                  Form 8-K, that the registrant deems of importance to security
                  holders.

              	
                Depositor

              
	
                9.01

              	
                Financial
                  Statements and Exhibits

              	
                The
                  Responsible Party applicable to reportable event

              
	
                10-K

              	
                Must
                  be filed within 90 days of the fiscal year end for the
                  registrant.

              
	
                9B

              	
                Other
                  Information

              	 
	
                Disclose
                  any information required to be reported on Form 8-K during the
                  fourth
                  quarter covered by the Form 10-K but not reported

              	
                The
                  Responsible Party for the applicable Form 8-K item as indicated
                  above

              
	
                15

              	
                Exhibits
                  and Financial Statement Schedules

              	 
	
                Item
                  1112(b) - Significant
                  Obligor Financial Information

              	
                N/A

              
	
                Item
                  1114(b)(2) - Credit Enhancement Provider Financial
                  Information

                Determining
                  applicable disclosure threshold

                Obtaining
                  required financial information or effecting incorporation by
                  reference

              	
                N/A

                N/A

              
	
                Item
                  1115(b) - Derivative Counterparty Financial Information

                Determining
                  current maximum probable exposure

                Determining
                  current significance percentage

                Obtaining
                  required financial information or effecting incorporation by
                  reference

              	
                Depositor

              
	
                Item
                  1117
                  -
                  Legal proceedings pending against the following entities, or their
                  respective property, that is material to Certificateholders, including
                  proceedings known to be contemplated by governmental
                  authorities:

              	 

      

      
        
          
          

        

        
          O-6

          
            

          

        

        
          
          

        

      

      

      
        	 	 	
                Seller

                Depositor

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Custodian

              	
                Seller

                Depositor

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Custodian

              
	
                Item
                  1119 - Affiliations and relationships between the following entities,
                  or
                  their respective affiliates, that are material to
                  Certificateholders:

                Seller

                Depositor

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Custodian

                Credit
                  Enhancer/Support Provider, if any

                Significant
                  Obligor, if any

              	
                Seller

                Depositor

                Trustee
                  (only with respect to affiliations with the sponsor, depositor
                  or issuing
                  entity)

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Depositor

                Depositor

              
	
                Item
                  1122 - Assessment of Compliance with Servicing
                  Criteria

              	
                Each
                  Party participating in the servicing function

              
	
                Item
                  1123 -Servicer Compliance Statement

              	
                Master
                  Servicer

              

      

    

    

 

    
      
        
          
          

        

        
          O-7

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      P

     

    ADDITIONAL
      DISCLOSURE NOTIFICATION

     

    Impac
      Secured Assets Corp.

    19500
      Jamboree Road

    Irvine,
      CA 92612

    Fax:
      (949) 475-3600

    E-mail:
      [___________]

     

    Deutsche
      Bank National Trust Company as Trustee

    1761
      East
      St. Andrew Place

    Santa
      Ana, California 92705-4934

    Fax:
      (714) 214-6009

    E-mail:
      [__________]

    Attn:
      [__________________________]

    [_______________________________]

     

    RE:
      **Additional Form [ ] Disclosure**Required

     

    Ladies
      and Gentlemen:

     

    In
      accordance with Section [3.16(a)(v)] of the Pooling and Servicing Agreement,
      dated as of March 1, 2007, among Impac Secured Assets Corp., as depositor,
      Impac
      Funding Corporation, as master servicer, and Deutsche Bank National Trust
      Company, as trustee. The Undersigned, as [Name of Party], hereby notifies you
      that certain events have come to our attention that [will][may] need to be
      disclosed on Form [ ].

     

    Description
      of Additional Form [ ] Disclosure:

     

    List
      of
      Any Attachments hereto to be included in the Additional Form [ ]
      Disclosure:

     

    Any
      inquiries related to this notification should be directed to [ ], phone number:
      [ ]; email address: [ ].

     

    
      	 	 	 	 	 	 	
              [NAME
                OF PARTY] as [role]

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name: 

            
	 	 	 	 	 	 	 	
              Title: 

            

    

    

 

    
      
        
          
          

        

        
          P-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      Q

     

    FORM
      OF
      COUNTRYWIDE SERVICING AGREEMENT

    
      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      AMENDED
        AND RESTATED

      

      SERVICING
        RIGHTS PURCHASE AND SALE AGREEMENT

      

      

      BY
        AND BETWEEN

      

      

      COUNTRYWIDE
        HOME LOANS SERVICING LP

      

      as

      

      PURCHASER

      

      

      AND

      

      

      IMPAC
        FUNDING CORPORATION

      

      as

      

      SELLER

      

      

      DATED
        AS OF

      

      

      MARCH
        1, 2002

      

 

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

       

      TABLE
        OF
        CONTENTS

       

      Page

      
        	 	 	 
	
                ARTICLE
                  I

              	
                7

              
	 	 	 
	
                INCORPORATION
                  OF RECITALS; DEFINITIONS

              	
                7

              
	 	 	 
	
                Section
                  1.1

              	
                Incorporation
                  of Recitals

              	
                7

              
	
                Section
                  1.2

              	
                Definitions

              	
                7

              
	 	 	 
	
                ARTICLE
                  II

              	
                18

              
	 	 	 
	
                SALE
                  OF SERVICING RIGHTS AND RELATED ITEMS

              	
                18

              
	 	 	 
	
                Section
                  2.1

              	
                Items
                  to be Sold

              	
                18

              
	
                Section
                  2.2

              	
                Sale
                  Date

              	
                19

              
	
                Section
                  2.3

              	
                Evidence
                  of Sale

              	
                19

              
	 	 	 
	
                ARTICLE
                  III

              	
                20

              
	 	 	 
	
                CONSIDERATION
                  AND PAYMENTS

              	
                20

              
	 	 	 
	
                Section
                  3.1

              	
                Purchase
                  Price

              	
                20

              
	
                Section
                  3.2

              	
                Payment
                  of Purchase Price by Purchaser

              	
                20

              
	
                Section
                  3.3

              	
                Verification
                  of Purchase Price and Other Amounts to be Transferred

              	
                21

              
	 	 	 
	
                ARTICLE
                  IV

              	
                22

              
	 	 	 
	
                COVENANTS

              	
                22

              
	 	 	 
	
                Section
                  4.1

              	
                Interim
                  Servicing of the Mortgage Loans

              	
                22

              
	
                Section
                  4.2

              	
                Disclosure
                  of Mortgage Loan Information

              	
                22

              
	
                Section
                  4.3

              	
                Consents

              	
                22

              
	
                Section
                  4.4

              	
                Interest
                  on Related Escrow Accounts

              	
                23

              
	
                Section
                  4.5

              	
                Escrow
                  Obligations

              	
                23

              
	
                Section
                  4.6

              	
                Notice
                  to Mortgagors

              	
                23

              
	
                Section
                  4.7

              	
                Notice
                  to Taxing Authorities and Insurance Companies

              	
                23

              
	
                Section
                  4.8

              	
                Tax
                  Contracts

              	
                24

              
	
                Section
                  4.9

              	
                Mortgagor
                  Payments

              	
                24

              
	
                Section
                  4.10

              	
                Transfer
                  Instructions

              	
                24

              
	
                Section
                  4.11

              	
                Schedule
                  of Advances

              	
                24

              
	
                Section
                  4.12

              	
                Delivery
                  of Certain Items

              	
                25

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Section
                  4.13

              	
                Transfer
                  of Custodial Accounts and Related Escrow Accounts;
                  Reconciliation

              	
                25

              
	
                Section
                  4.14

              	
                Notice
                  of Assumptions

              	
                25

              
	
                Section
                  4.15

              	
                Misapplied
                  Payments

              	
                25

              
	
                Section
                  4.16

              	
                IRS
                  Forms

              	
                26

              
	
                Section
                  4.17

              	
                Tax
                  Bills, Insurance Premiums, etc

              	
                26

              
	
                Section
                  4.18

              	
                Flood
                  Insurance Audit

              	
                26

              
	
                Section
                  4.19

              	
                Optional
                  Insurance

              	
                27

              
	 	 	 
	
                ARTICLE
                  V

              	
                28

              
	 	 	 
	
                REPRESENTATIONS
                  AND WARRANTIES OF SELLER

              	
                28

              
	 	 	 
	
                Section
                  5.1

              	
                Organization
                  and Good Standing

              	
                28

              
	
                Section
                  5.2

              	
                Authority
                  and Capacity; Ordinary Course

              	
                28

              
	
                Section
                  5.3

              	
                Effective
                  Agreement

              	
                28

              
	
                Section
                  5.4

              	
                No
                  Conflict

              	
                28

              
	
                Section
                  5.5

              	
                Approvals
                  and Compliance

              	
                29

              
	
                Section
                  5.6

              	
                Filing
                  of Reports

              	
                29

              
	
                Section
                  5.7

              	
                Custodial
                  Accounts and Related Escrow Accounts

              	
                29

              
	
                Section
                  5.8

              	
                Interim
                  Servicing Period

              	
                30

              
	
                Section
                  5.9

              	
                The
                  Mortgage Loans

              	
                30

              
	
                Section
                  5.10

              	
                No
                  Recourse

              	
                34

              
	
                Section
                  5.11

              	
                Insurance

              	
                34

              
	
                Section
                  5.12

              	
                Litigation

              	
                34

              
	
                Section
                  5.13

              	
                Seller
                  Process

              	
                34

              
	
                Section
                  5.14

              	
                Servicing
                  Fee

              	
                34

              
	
                Section
                  5.15

              	
                Fair
                  Consideration

              	
                34

              
	
                Section
                  5.16

              	
                No
                  Accrued Liabilities

              	
                34

              
	
                Section
                  5.17

              	
                Facts
                  and Omissions

              	
                34

              
	
                Section
                  5.18

              	
                Financial
                  Condition of Seller

              	
                34

              
	
                Section
                  5.19

              	
                Hart-Scott-Rodino

              	
                34

              
	 	 	 
	
                ARTICLE
                  VI

              	
                34

              
	 	 	 
	
                REPRESENTATIONS
                  AND WARRANTIES OF PURCHASER

              	
                34

              
	 	 	 
	
                Section
                  6.1

              	
                Organization
                  and Good Standing

              	
                34

              
	
                Section
                  6.2

              	
                Authority
                  and Capacity; Ordinary Course

              	
                34

              
	
                Section
                  6.3

              	
                Effective
                  Agreement

              	
                34

              
	
                Section
                  6.4

              	
                No
                  Conflict

              	
                34

              
	
                Section
                  6.5

              	
                Approvals
                  and Compliance

              	
                34

              
	 	 	 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                ARTICLE
                  VII

              	
                34

              
	 	 	 
	
                CONSENTS

              	
                34

              
	 	 	 
	
                Section
                  7.1

              	
                Consents

              	
                34

              
	 	 	 
	
                ARTICLE
                  VIII

              	
                34

              
	 	 	 
	
                CONDITIONS
                  PRECEDENT TO OBLIGATIONS OF PURCHASER

              	
                34

              
	 	 	 
	
                Section
                  8.1

              	
                Compliance
                  and Conditions

              	
                34

              
	
                Section
                  8.2

              	
                Corporate
                  Resolution; Corporate Certificate

              	
                34

              
	
                Section
                  8.3

              	
                Investor
                  Agreements

              	
                34

              
	
                Section
                  8.4

              	
                Opinion
                  of Counsel for Seller

              	
                34

              
	
                Section
                  8.5

              	
                Correctness
                  of Representations and Warranties

              	
                34

              
	
                Section
                  8.6

              	
                Litigation
                  or Administrative Action

              	
                34

              
	
                Section
                  8.7

              	
                Investor
                  Consents

              	
                34

              
	
                Section
                  8.8

              	
                Investor
                  Agreements

              	
                34

              
	 	 	 
	
                ARTICLE
                  IX

              	
                34

              
	 	 	 
	
                CONDITIONS
                  PRECEDENT TO OBLIGATIONS OF SELLER

              	
                34

              
	 	 	 
	
                Section
                  9.1

              	
                Compliance
                  with Conditions

              	
                34

              
	
                Section
                  9.2

              	
                Corporate
                  Resolution; Corporate Certificate

              	
                34

              
	
                Section
                  9.3

              	
                Correctness
                  of Representations and Warranties

              	
                34

              
	
                Section
                  9.4

              	
                Investor
                  Consents

              	
                34

              
	
                Section
                  9.5

              	
                Opinion
                  of Counsel for Purchaser

              	
                34

              
	
                Section
                  9.6

              	
                Litigation
                  or Administrative Action

              	
                34

              
	 	 	 
	
                ARTICLE
                  X

              	
                34

              
	 	 	 
	
                INDEMNIFICATION;
                  THIRD PARTY CLAIMS

              	
                34

              
	 	 	 
	
                Section
                  10.1

              	
                Indemnification
                  of Purchaser

              	
                34

              
	
                Section
                  10.2

              	
                Repurchase
                  of Servicing Rights

              	
                34

              
	
                Section
                  10.3

              	
                Termination
                  of Purchaser as Primary Servicer

              	
                34

              
	
                Section
                  10.4

              	
                Indemnification
                  of Seller

              	
                34

              
	
                Section
                  10.5

              	
                Notice
                  and Settlement of Claims

              	
                34

              
	
                Section
                  10.6

              	
                Litigation
                  of Third Party Claims

              	
                34

              
	 	 	 
	
                ARTICLE
                  XI

              	
                34

              
	 	 	 
	
                TERM

              	
                34

              
	 	 	 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Section
                  11.1

              	
                Term

              	
                34

              
	 	 	 
	
                ARTICLE
                  XII

              	
                34

              
	 	 	 
	
                MISCELLANEOUS

              	
                34

              
	 	 	 
	
                Section
                  12.1

              	
                Supplementary
                  Information

              	
                34

              
	
                Section
                  12.2

              	
                Access
                  to Information; Confidentiality

              	
                34

              
	
                Section
                  12.3

              	
                No
                  Broker’s Fees

              	
                34

              
	
                Section
                  12.4

              	
                Further
                  Assurances

              	
                34

              
	
                Section
                  12.5

              	
                No
                  Solicitation by Seller

              	
                34

              
	
                Section
                  12.6

              	
                No
                  Solicitation by Purchaser

              	
                34

              
	
                Section
                  12.7

              	
                Survival

              	
                34

              
	
                Section
                  12.8

              	
                Governmental
                  Authorities; Laws and Severability

              	
                34

              
	
                Section
                  12.9

              	
                Form
                  of Payment to be Made

              	
                34

              
	
                Section
                  12.10

              	
                Assignability

              	
                34

              
	
                Section
                  12.11

              	
                Payment
                  of Costs

              	
                34

              
	
                Section
                  12.12

              	
                Notices

              	
                34

              
	
                Section
                  12.13

              	
                Entire
                  Agreement

              	
                34

              
	
                Section
                  12.14

              	
                Binding
                  Effect

              	
                34

              
	
                Section
                  12.15

              	
                Interpretive
                  Principles

              	
                34

              
	
                Section
                  12.16

              	
                Applicable
                  Law

              	
                34

              
	
                Section
                  12.17

              	
                Counterparts

              	
                34

              
	
                Section
                  12.18

              	
                Waivers

              	
                34

              
	
                Section
                  12.19

              	
                Publicity

              	
                34

              
	
                Section
                  12.20

              	
                No
                  Third Party Beneficiaries

              	
                34

              
	
                Section
                  12.21

              	
                Time
                  of the Essence

              	
                34

              
	 	 	 
	
                PURCHASE
                  PRICE PERCENTAGE TABLES

              	
                34

              
	 	 	 

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      SCHEDULES
        AND EXHIBITS

      

      

      
        	
                Exhibit
                  A

              	
                Purchase
                  Price Percentage Tables

              
	
                Exhibit
                  B

              	
                Form
                  of Mortgage Loan Schedule

              
	
                Exhibit
                  C

              	
                Transfer
                  Instructions

              
	
                Exhibit
                  D

              	
                List
                  of Investor Agreements

              
	
                Exhibit
                  E

              	
                List
                  of Documents in Servicing File

              
	
                Exhibit
                  F

              	
                Form
                  of Officer’s Certificate

              
	
                Exhibit
                  G

              	
                Form
                  of Bill of Sale

              
	
                Exhibit
                  H

              	
                Form
                  of Pricing Letter

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      AMENDED
        AND RESTATED SERVICING RIGHTS PURCHASE 

      AND
        SALE AGREEMENT

      

      This
        Amended and Restated Servicing Rights Purchase and Sale Agreement (the
“Agreement”), dated as of the 1st
        day of
        April, 2002, is made by and between Countrywide Home Loans Servicing LP,
        a Texas
        limited partnership, with offices located at 7105 Corporate Drive, PTX-B-167
        (“Purchaser”), and Impac Funding Corporation, a corporation with offices located
        at 1401 Dove Street, Newport Beach, California 92660 (“Seller”).

      

      WITNESSETH:

      

      WHEREAS,
        Seller
        and Purchasers are parties to that certain Servicing Rights and Purchase
        Agreement dated February 1, 2002 (the “Existing Agreement”), pursuant to which
        Seller sells from time to time and Purchaser purchases from time to time,
        residential mortgage loan servicing rights owned by Seller on fixed and
        adjustable rate residential mortgage loans;

      

      WHEREAS,
        Seller
        and Purchaser want to amend the Existing Agreement to provide, among other
        things, that the servicing rights sold hereunder shall consist of residential
        mortgage loan servicing rights for fixed and adjustable rate residential
        mortgage loans and that Seller would sell Purchaser Servicing Rights for
        Mortgage Loans having an aggregate unpaid principal balance of $1,500,000,000
        (the “Mandatory Delivery Amount”); and 

      

      NOW,
        THEREFORE,
        in
        consideration of the mutual promises, covenants and conditions contained
        herein,
        and for other good and valuable consideration the receipt and sufficiency
        of
        which are hereby acknowledged, the parties hereto agree that the Existing
        Agreement shall be restated, amended and modified as follows:

      

      ARTICLE
        I

      

      INCORPORATION
        OF RECITALS; DEFINITIONS

      

      Section
        1.1  Incorporation
        of Recitals

      

      The
        recitals set forth above are incorporated herein by reference.

      

      Section
        1.2  Definitions

      

      As
        used
        in this Agreement, the following terms shall have the meanings specified
        below.

      

      Adjustable
        Rate Mortgage Loan
        shall
        mean any Mortgage Loan in which the related Mortgage Note contains a provision
        whereby the Mortgage Interest Rate is adjusted from time to time in accordance
        with the terms of such Mortgage Note.

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      Advances
        shall
        mean, with respect to any Servicing Rights, the outstanding moneys that have
        been advanced by Seller from its funds in connection with its servicing of
        the
        related Mortgage Loans (including, without limitation, principal, interest,
        taxes, ground rents, assessments, insurance premiums, release fees, and other
        expenses) and for which Seller has a right of reimbursement from Mortgagors,
        Insurers, Investors, the Investor Agreements, or otherwise.

      

      Affiliate
        shall
        mean, with respect to any Person, any other Person directly or indirectly
        controlling, controlled by or under common control with such
        Person.

      

      Agreement
        shall
        mean this Servicing Rights Purchase and Sale Agreement and all Exhibits and
        Schedules hereto, all of which are incorporated herein by this reference,
        as the
        same may from time to time be amended or supplemented by one or more instruments
        executed by all parties hereto.

      

      Ancillary
        Fees
        shall
        mean late Mortgagor payment charges, charges for dishonored checks, pay-off
        fees, assumption fees, prepayment fees, commissions and administrative fees
        on
        insurance and similar fees and charges collected from or assessed against
        Mortgagors, other than those charges payable to any Investor under the terms
        of
        the Investor Agreements.

      

      Applicable
        Requirements
        shall
        mean and include, as of the time of reference, with respect to any Mortgage
        Loan
        and the related Servicing Rights, all of the following: (a) all contractual
        obligations of Seller and any Prior Servicer, each in its capacity as Servicer,
        including, without limitation, those contractual obligations contained herein,
        in the Mortgage Loan Documents, in the Guide, in any Investor Agreement or
        in
        any agreement with any Insurer, for which obligations Seller or any Prior
        Servicer is responsible or at any time was responsible; (b) all applicable
        federal, state and local legal and regulatory requirements (including statutes,
        rules, regulations and ordinances) binding upon Seller and/or the Servicer
        or
        any Prior Servicer, each in its capacity as Servicer; (c) all other applicable
        requirements and guidelines of each governmental agency, board, commission,
        instrumentality and other governmental body or office having jurisdiction
        over
        Seller or any Prior Servicer, each in its capacity as Servicer, including,
        without limitation, those of any Investor and any Insurer; (d) all other
        applicable judicial and administrative judgments, orders, stipulations, awards,
        writs and injunctions applicable to Seller or any Prior Servicer, each in
        its
        capacity as servicer; and (e) the reasonable and customary mortgage servicing
        practices of prudent mortgage lending institutions that service mortgage
        loans
        of the same type as the Mortgage Loans in the jurisdictions in which the
        related
        Mortgaged Properties are located.

      

      Assignment
        shall
        mean a written instrument that, when recorded in the appropriate office of
        the
        local jurisdiction in which the related Mortgaged Property is located, will
        reflect the transfer of the Mortgage Instrument identified therein from the
        transferor to the transferee named therein.

      

      Base
        Fee
        shall be
        an amount equal to twenty-five basis points with respect to any fixed rate
        Mortgage Loan and thirty seven and one-half basis points with respect to
        any
        adjustable rate Mortgage Loan.

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      

      Bill
        of Sale
        shall
        mean a document substantially in the form of Exhibit G that documents the
        transfer of ownership of the Servicing Rights from Seller and Purchaser
        hereunder.

      

      Business
        Day
        shall
        mean any day other than a Saturday, Sunday, or other day on which banking
        institutions in the States of California or New York are required or authorized
        by law or by executive order to be closed.

      

      Claim
        Notice
        shall
        have the meaning given in Section 10.2(a).

      

      Consent
        shall
        mean the unconditional written consent or approval of an Investor and any
        applicable Insurer to the transfer of the applicable Servicing Rights from
        Seller to Purchaser, that, in Purchaser’s reasonable discretion exercised in
        good faith, does not reduce or limit the rights or compensation of the Servicer
        under the applicable Investor Agreements or impose unduly burdensome
        requirements on the Servicer.

      

      Custodial
        Account
        shall
        mean an account or accounts maintained for the deposit of principal and interest
        payments received in respect of one or more Mortgage Loans.

      

      Custodial
        Agreement
        shall
        mean the agreement or agreements governing the retention of the Custodial
        Documents in accordance with the Guide.

      

      Custodial
        Documents
        shall
        mean (1) the original Mortgage Note, (ii) the original Mortgage Instrument,
        (iii) a mortgagee title insurance policy (or other evidence of title acceptable
        under the Investor Agreements), (iv) the PMI Policy, and (v) the original,
        recorded Assignment(s) in each case to the extent and in the form required
        under
        the Investor Agreements, along with such other documents or instruments,
        or
        substitutes therefor, as are required to be retained by the Custodian pursuant
        to the Investor Agreements.

      

      Custodian
        shall
        mean an entity acting as a mortgage loan document custodian under any Custodial
        Agreement or pursuant to the Investor Agreements, or any successor in interest
        to the Custodian.

      

      Due
        Inquiry
        shall
        mean inquiry to officers of Seller who hold the office of Vice President
        or
        higher as well as consideration of the information presented to the General
        Counsel of Seller in the day-to-day business operations of Seller.

      

      EDP
        shall
        mean the electronic data processing servicing bureau or system used by Seller
        or
        the subservicer of the Mortgage Loans.

      

      Excess
        Service Fee
        shall
        mean any service fee payable to Purchaser with respect to a Mortgage Loan
        above
        twenty five basis points (with respect to any fixed rate Mortgage Loan) and
        thirty seven and one-half basis points (with respect to any adjustable rate
        Mortgage Loan) but not in excess of fifty basis points.

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      

      Excluded
        Loans
        shall
        mean any Mortgage Loan with respect to which, as of the Sale Date:

      

      (a) Mortgage
        Loan Payments are more than sixty (60) days past due; or

      

      
        	 	
                (b)

              	
                the
                  first legal action necessary to be taken to commence proceedings
                  in
                  Foreclosure, or a sale under power of sale, or other acquisition
                  of title
                  to the Mortgaged Property based upon a default by the Mortgagor
                  under the
                  Mortgage Loan Documents, under the laws of the state wherein the
                  Mortgage
                  Loan is to be enforced, has been taken and such proceedings are
                  continuing
                  or the relevant portions of the Mortgage File have been delivered
                  to an
                  attorney with instructions to commence Foreclosure proceedings;
                  or

              

      

      

      
        	 	
                (c)

              	
                there
                  exists a legal action in Foreclosure of the Mortgage Loan, or for
                  a
                  deficiency thereunder, with respect to which the sale of the property
                  in
                  Foreclosure (whether by action, power of sale or otherwise) has
                  been
                  delayed by reason of the defense of such action by the Mortgagor,
                  or any
                  other litigation relating to the Mortgage Loan is pending that
                  could
                  adversely affect the value of the related Servicing Rights or subject
                  the
                  Servicer to potential liability or material cost;
                  or

              

      

      

      
        	 	
                (d)

              	
                the
                  Mortgagor has sought relief under or has otherwise been subjected
                  to the
                  federal bankruptcy laws (including chapter 7) or any other similar
                  laws of
                  general application for the relief of debtors, through the institution
                  of
                  appropriate proceedings, and such proceedings are
                  continuing.

              

      

      

      Execution
        Date
        shall
        mean the date of execution of this Agreement by Seller and
        Purchaser.

      

      Federal
        Funds Rate
        shall
        mean the per annum rate of interest (rounded upward to the nearest 1/100
        of 1%)
        which is the weighted average of the rates on overnight federal funds
        transactions arranged on such day or, if such day is not a Business Day,
        the
        previous Business Day, by federal funds brokers computed and released by
        the
        Federal Reserve Bank of New York (or any successor) in substantially the
        same
        manner as such Federal Reserve Bank currently computes and releases the weighted
        average it refers to as the “Federal Funds Effective Rate” at the date of this
        Agreement.

      

      FICO
        Score
        shall
        mean credit scores determined by the Fair, Isaac and Company, Inc.

      

      Fixed
        Rate Mortgage Loan
        shall
        mean any Mortgage Loan wherein the Mortgage Interest Rate set forth in the
        Mortgage Note is fixed for the term of such Mortgage Loan.

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      Foreclosure
        shall
        mean the procedure pursuant to which a lienholder acquires title to a Mortgaged
        Property in a foreclosure sale or pursuant to any other comparable procedure
        allowed under applicable law when a Mortgage Loan is in default.

      

      Guide
        shall
        mean the Impac Funding Seller’s/Servicer’s Guide as addended by that certain
        addendum to the Impac Funding Seller’s/Servicer’s Guide between Seller and
        Purchaser’s affiliate Countrywide Home Loans, Inc. dated January 1, 2000 and as
        such servicing guide may be amended, modified or supplemented from time to
        time,
        provided, however, that to the extent an amendment, modification or supplement
        would conflict with the terms of this Agreement or materially change the
        rights
        or obligations of Purchaser as set forth in the Guide as of the date of this
        Agreement, such amendment, modification or supplement will not be effective
        against Purchaser unless Purchaser expressly consents to the same.

      

      Hard
        Prepayment Penalty
        shall
        mean a Mortgage Loan with a prepayment penalty that cannot be waived or altered
        per the terms of the Mortgage Note.

      

      Hart-Scott-Rodino
        Act
        shall
        mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended,
        15
        U.S.C. Section 18a, and the regulations promulgated thereunder.

      

      Hazardous
        Material
        shall
        mean any substance, chemical, waste or other material which is or may be
        at any
        time listed, defined or otherwise identified as hazardous, toxic or dangerous
        under applicable law including, without limitation, asbestos, PCBs, petroleum,
        petroleum products or by-products, crude oil, natural gas, natural gas liquids,
        liquefied natural gas or synthetic gas.

      

      Indemnified
        Party
        shall
        have the meaning given in Section 10.4(b).

      

      Indemnifying
        Party
        shall
        have the meaning given in Section 10.4(b).

       

      Insurer
        shall
        mean any private mortgage insurer issuing a PMI Policy, any insurer or guarantor
        under any standard hazard, flood, earthquake or title insurance policy and
        any
        certificate insurer pertaining to the Pools.

      

      Interim
        Servicing Fee
        shall be
        an amount equal to seven dollars ($7.00) per Mortgage Loan.

      

      Interim
        Servicing Period
        shall
        mean, with respect to a Servicing Rights Package, the period of time from
        the
        Sale Date to Transfer Date; provided, however, that such interim servicing
        period shall not extend beyond six (6) months of the Sale Date or such
        additional time required for Seller to transfer the primary servicing for
        a
        Servicing Rights Package to Purchaser.

      

      Investor
        shall
        mean with respect to any Mortgage Loan, a Person who has a beneficial interest
        in, or is a record owner of, such Mortgage Loan or any trustee acting on
        behalf
        of any such Person.

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      Investor
        Agreement
        shall
        mean each of the agreements (including all exhibits and schedules thereto
        and
        all amendments and supplements thereof) between the Servicer and the applicable
        Investor and between Seller, as the master servicer, and Purchaser, as the
        primary servicer, relating to Mortgage Loans owned by such Investor and the
        servicing thereof by the Servicer, or otherwise relating to the Servicing
        Rights, listed on Exhibit
        D
        hereto.

      

      Loss
        shall
        mean, in respect of any indemnification or repurchase obligation arising
        under
        this Agreement, any and all losses, claims, damages, penalties, liabilities,
        obligations, judgments, settlements, awards, demands, offsets, defenses,
        counterclaims, actions or proceedings including, without limitation, (a)
        any
        reasonable costs, expenses and attorneys’ fees incurred by the Indemnified Party
        in enforcing such right of indemnification or repurchase against any
        Indemnifying Party or with respect to any appeal; and (b) interest at the
        Federal Funds Rate on any amount for which the Indemnified Party is entitled
        to
        be indemnified from thirty (30) days after the date that the Indemnified
        Party
        has notified the Indemnifying Party of a claim for indemnification under
        this
        Agreement until such amounts are paid by the Indemnifying Party.

      

      Mortgage
        Interest Rate
        shall
        mean the annual rate at which interest accrues on any Mortgage Loan and,
        with
        respect to an Adjustable Rate Mortgage Loan, as adjusted from time to time
        in
        accordance with the provisions of the related Mortgage Note.

      

      Mortgage
        Instrument
        shall
        mean any deed of trust, security deed, mortgage, or any other instrument
        that
        constitutes a first lien on real estate securing payment by a Mortgagor of
        a
        Mortgage Note.

      

      Mortgage
        Loan Documents
        shall
        mean the Mortgage Instruments, Mortgage Notes and Assignments.

      

      Mortgage
        Loan Payment
        shall
        mean, with respect to a Mortgage Loan, each scheduled installment on such
        Mortgage Loan, whether for principal, interest, escrow or other purpose,
        required or permitted to be paid by the Mortgagor in accordance with the
        terms
        of the Mortgage Loan Documents.

      

      Mortgage
        Loans
        shall
        mean the residential mortgage loans comprising a Servicing Rights Package
        and
        identified in the Mortgage Loan Schedule attached to the related Pricing
        Letter
        and Bill of Sale.

      

      Mortgage
        Loan Schedule
        shall
        mean the mortgage loan schedule provided by Seller to Purchaser in computer
        tape
        form, in the form of Exhibit B, setting forth information with respect to
        each
        Mortgage Loan as of the related Sale Date, including:

      

        
          	 	
                  (i)

                	
                  the
                    loan number of each such Mortgage
                    Loan;

                

        

        

        
          	 	
                  (ii)

                	
                  the
                    unpaid principal balance and original term to maturity of each
                    such
                    Mortgage Loan;

                

        

        

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

        
          	 	
                  (iii)

                	
                  the
                    payment status of each such Mortgage
                    Loan;

                

        

        

        
          	 	
                  (iv)

                	
                  the
                    balance of the Related Escrow Account and Custodial Account related
                    to
                    each such Mortgage Loan;

                

        

        

        
          	 	
                  (v)

                	
                  the
                    monthly principal and interest payments for each such Mortgage
                    Loan;

                

        

        

        
          	 	
                  (vi)

                	
                  the
                    monthly escrow payment for each such Mortgage
                    Loan;

                

        

        

        
          	 	
                  (vii)

                	
                  the
                    interest rate of each such Mortgage
                    Loan;

                

        

        

        
          	 	
                  (viii)

                	
                  the
                    state in which the Mortgaged Property securing each such Mortgage
                    Loan is
                    located;

                

        

        

        
          	 	
                  (ix)

                	
                  the
                    identity of the Investor and any Pool
                    number;

                

        

        

        
          	 	
                  (x)

                	
                  the
                    gross Servicing Fee; 

                

        

        

        
          	 	
                  (xi)

                	
                  the
                    guarantee fee or pool policy insurance fee, if any;
                    and

                

        

        

        
          	 	
                  (xii)

                	
                  the
                    term of any prepayment penalty
                    provision.

                

        

      

       

      The
        Mortgage Loan Schedule shall be supplemented as of each Sale Date to reflect
        the
        addition of the Mortgage Loans as to which Servicing Rights were sold on
        such
        Sale Date.

      

      Mortgage
        Note
        shall
        mean the mortgage note, deed of trust note, security deed note or other form
        of
        promissory note executed by a Mortgagor and secured by a Mortgage Instrument
        evidencing the indebtedness of the Mortgagor under a Mortgage Loan.

      

      Mortgaged
        Property
        shall
        mean any one- to four-family residence (at the time of the origination of
        the
        applicable Mortgage Loan) that is encumbered by a Mortgage Instrument, including
        all buildings and fixtures thereon and all accessions thereto, and including
        installations of mechanical, electrical, plumbing, heating and air conditioning
        systems located in or affixed to such buildings, and all alterations, additions
        and replacements thereto.

      

      Mortgagor
        shall
        mean any and all obligors under a Mortgage Note and Mortgage
        Instrument.

      

      Non-Assumable
        Claim
        shall
        have the meaning given in Section 10.4(b).

      

      Originator
        shall
        mean, with respect to any Mortgage Loan, the entity or entities that (a)
        took
        the relevant Mortgagor’s loan application; (b) processed the relevant
        Mortgagor’s loan application; and/or (c) closed and/or funded such Mortgage
        Loan.

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      Pass-Through
        Transfer
        shall
        mean the sale or transfer of some or all of the Mortgage Loans to a trust
        to be
        formed as part of a publicly or privately traded, rated or unrated mortgage
        pass-through, pay-through or other mortgage-backed securities
        transaction.

      

      Payoff
        Loan
        shall
        mean any Mortgage Loan which does not provide for a prepayment fee that (a)
        is
        not an Excluded Loan or otherwise excluded from the purchase and sale
        contemplated herein; and (b) is paid off within sixty (60) days after the
        related Sale Date.

      

      Person
        shall
        mean an individual, corporation, limited liability company, partnership,
        joint
        venture, trust or unincorporated organization, or a federal, state, city,
        municipal or foreign government or an agency or political subdivision
        thereof.

      

      PMI
        Policy
        shall
        mean a policy of primary mortgage guaranty insurance issued by an insurance
        company duly authorized and licensed in accordance with applicable law and
        approved by the applicable Investor.

      

      Pool
        shall
        mean a group of Mortgage Loans that has been aggregated for the purposes
        of
        servicing pursuant to Applicable Requirements.

      

      Pricing
        Letter
        shall
        mean the letter agreement substantially in the form of Exhibit H hereto,
        executed by Seller and Purchaser in connection with the sale of a Servicing
        Right’s Package that sets forth the terms of such sale, including a description
        of the related Mortgage Loans and the related Purchase Price.

      

      Prior
        Servicer
        shall
        mean any party that was a Servicer or subservicer of any Mortgage Loan before
        Seller became the Servicer of the Mortgage Loan.

      

      Purchase
        Price
        shall
        mean the amount to be paid by Purchaser to acquire the Servicing Rights,
        as set
        forth in Section 3.1 and adjusted in accordance with Article III.

      

      Purchase
        Price Percentage
        shall
        mean, except to the extent otherwise agreed by Purchaser and Seller in writing,
        i) the percentages set forth on Exhibit A-1 according to the Mortgage Loan
        attributes listed therein; or in the event that a) the servicing rights,
        or any
        portion thereof, purchased hereunder are related to Mortgage Loans that will
        be
        included in a Pass-Through Transfer for which Countrywide Securities Corporation
        is not participating as a lead or co-lead or managing or co-managing underwriter
        or b) the Mortgage Loans will be included in a Whole Loan Transfer, ii) the
        percentages set forth in Exhibit A-2 according to the Mortgage Loan attributes
        listed therein. Notwithstanding the foregoing, on or after the six month
        anniversary of this Agreement, Purchaser shall have the right to adjust the
        purchase price percentages set forth in Exhibits A-1 and A-2 in its sole
        but
        reasonable discretion; provided, however, that any such adjustments shall
        not be
        effective until communicated in writing, to Seller.

      

      Purchaser
        shall
        mean Countrywide Home Loans Servicing LP and its successors and permitted
        assigns.

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      

      Purchaser
        Indemnified Party
        shall
        have the meaning given in Section 10.1.

      

      Purchaser’s
        Representatives
        shall
        have the meaning given in Section 12.2(a).

      

      Recourse
        Obligation
        shall
        mean, with respect to any Mortgage Loan, any obligation or liability (actual
        or
        contingent) of the Servicer in its capacity as servicer (a) for losses incurred
        in connection with the Foreclosure or other disposition of, or other realization
        or attempt to realize upon the collateral securing, such Mortgage Loan
        (including, without limitation, losses relating to loss mitigation or obtaining
        deeds in lieu of foreclosure); (b) to repurchase such Mortgage Loan in the
        event
        that the Mortgagor of such Mortgage Loan is in bankruptcy, in Foreclosure
        or in
        litigation; or (c) to repurchase such Mortgage Loan in the event of a
        delinquency or other payment default thereunder by the Mortgagor.
        Notwithstanding the foregoing, a Mortgage Loan shall not be considered subject
        to a Recourse Obligation merely because the Servicer retains a contingent
        liability to repurchase a Mortgage Loan that is determined to have been
        ineligible for sale to the applicable Investor due to a breach of one or
        more
        representations and warranties.

      

      Reimbursement
        Amount
        shall
        mean the sum of (a) the outstanding unpaid principal balance of the Mortgage
        Loan as of the date of repurchase, multiplied by the Purchase Price Percentage;
        (b) the amount of any outstanding Advances related to the applicable Mortgage
        Loan made by Purchaser from its own funds; and (c) any Losses incurred by
        Purchaser through the date of repurchase in connection with the applicable
        Servicing Rights and not previously reimbursed pursuant to any provisions
        of
        this Agreement, any Investor Agreement or otherwise by Seller.

      

      Related
        Escrow Accounts
        shall
        mean all funds held by Seller with respect to the Mortgage Loans (other than
        the
        Custodial Accounts) in the nature of buy-down funds, tax and insurance funds
        and
        other escrow and impound amounts (including interest accrued thereon held
        for
        the benefit of the Mortgagors).

      

      REO
        Property
        shall
        mean any Mortgaged Property owned in fee simple by Purchaser or the applicable
        Investor as a result of a Foreclosure of a Mortgage Loan.

      

      Reporting
        Cycle
        shall
        mean with respect to the Interim Servicing Period, the period of time covered
        by
        a calendar month.

      

      Sale
        Date
        the date
        on which Purchaser acquires all legal and beneficial right, title and interest
        in and to any Servicing Rights.

      

      Seller
        shall
        mean Impac Funding Corporation, and its successors and permitted assigns,
        as
        Servicer under the Investor Agreements. References in this Agreement to Seller
        performing any act prior to the related Sale Date or making any representation
        and warranty regarding its past acts includes and may be performed by, as
        applicable, Wendover Funding, Inc., as subservicer.

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      Seller
        Indemnified Party
        shall
        have the meaning given in Section 10.3.

      

      Seller’s
        Representatives
        shall
        have the meaning given in Section 12.2(c).

      

      Servicer
        shall
        mean the party contractually obligated to administer the Servicing Rights
        under
        the Investor Agreements.

      

      Servicing
        Fee
        shall
        mean the amount to be paid to the Servicer under the applicable Investor
        Agreement related to a Mortgage Loan, as consideration for servicing the
        Mortgage Loan which is specified on the Mortgage Loan Schedule but in no
        event
        shall the servicing fee be less than i) twenty-five basis points (0.25%)
        for
        Fixed Rate Mortgage Loans and ii) and thirty-seven and one half basis points
        (0.375%) for Adjustable Rate Mortgage Loans.

      

      Servicing
        File
        shall
        mean, collectively, the copies of the Mortgage Loan Documents with respect
        to a
        Mortgage Loan, as well as the credit and closing packages, disclosures, copies
        of the Custodial Documents and all other files, books, records and documents
        necessary to (a) establish the eligibility of the Mortgage Loan for insurance
        by
        an Insurer, if any; and/or (b) service the Mortgage Loan in accordance with
        Applicable Requirements, including the documents listed on Exhibit
        E
        attached
        hereto, some of which maybe held by the Custodian.

      

      Servicing
        Rights
        shall
        mean all of the rights and obligations of Servicer pursuant to and to the
        extent
        provided in the Investor Agreements, including but not limited to the right
        to
        administer, collect the payments for the reduction of principal, and application
        of interest, pay taxes and insurance, remit collected payments, provide
        Foreclosure services, provide full escrow administration and any other
        obligations required by any Investor or Insurer in, of or for the servicing
        of
        the Mortgage Loans pursuant to the Investor Agreements, together with the
        right
        to receive the Servicing Fee and any Ancillary Fees arising from or connected
        to
        the Mortgage Loans, and all rights and benefits relating to the direct
        solicitation of the related Mortgagors and the attendant right, title and
        interest in and to the list of Mortgagors and data relating to their Mortgage
        Loans, except for such rights and obligations expressly retained under this
        Agreement by Seller, as the master servicer, under the Investor
        Agreements.

      

      Servicing
        Rights Package
        shall
        mean the Servicing Rights relating to the Mortgage Loans identified in the
        Mortgage Loan Schedule attached to the related Pricing Letter and Bill of
        Sale
        and to be sold to Purchaser pursuant to such Pricing Letter and Bill of Sale
        and
        this Agreement.

      

      Soft
        Prepayment Penalty
        shall
        mean a prepayment penalty that is waived only if the Mortgagor sells the
        property to an independent party.

      

      Transfer
        Date
        shall
        mean, with respect to a Mortgage Loan, the date on which the primary servic-ing
        of the Mortgage Loan and the related Servicing Rights are transferred to
        Purchaser pursuant to this Agreement, which date shall be the Business Day
        following the related Sale Date or such other date mutually agreed to by
        Seller
        and Purchaser.

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      

      Transfer
        Instructions
        shall
        mean the instructions set forth at Exhibit
        C
        detailing the procedures pursuant to which Seller shall effect the transfer
        of
        the Servicing Rights, Servicing Files, Custodial Accounts and Related Escrow
        Accounts to Purchaser.

      

      UPB
        shall
        mean the unpaid principal balance of a Mortgage Loan set forth on the related
        Mortgage Loan Schedule.

      

      Whole
        Loan Transfer
        shall
        mean the sale or transfer by Purchaser of some or all of the Mortgage Loans
        in a
        whole loan format.

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

      

        ARTICLE
          II

        

        SALE
          OF SERVICING RIGHTS AND RELATED ITEMS

        

        Section
          2.1  Items
          to be Sold

        

        (a) Subject
          to, and upon the terms and conditions of this Agreement, from time to time,
          Seller shall, as hereinafter provided, sell, transfer and assign to Purchaser,
          and Purchaser shall purchase and assume from Seller, all of Seller’s right,
          title, interest and obligation in and to (i) each Servicing Rights Package,
          including, without limitation, the right to receive the Servicing Fee and
          Ancillary Fees; (ii) Custodial Accounts; (iii) Related Escrow Accounts;
          and (iv)
          Servicing Files. 

        

        Until
          the
          Mandatory Delivery Amount has been satisfied, Seller shall offer Purchaser
          the
          right to purchase, subject to the terms and conditions of this Agreement,
          all
          servicing rights owned by Seller and offered for sale prior to offering
          to sale
          or soliciting offers to purchase, any servicing rights to or from third
          parties
          other than Purchaser. Notwithstanding the foregoing, servicing rights on
          mortgage loans sold by Seller on a whole-loan servicing released basis
          shall be
          excluded from the right of first refusal granted Purchaser in the immediately
          preceding sentence.

        

        (b) Purchaser
          and Seller shall enter into a Pricing Letter with respect to each Servicing
          Rights Package to be sold hereunder not later than thirty (30) days prior
          to the
          proposed Sale Date, or such lesser period agreed upon by Purchaser and
          Seller.
          On each Sale Date Seller shall deliver to Purchaser a Bill of Sale evidencing
          the sale of the related Servicing Rights Package hereunder as of such Sale
          Date.

        

        (c) In
          connection with the sale and transfer of each Servicing Rights Package
          contemplated herein, and subject to the satisfaction of the conditions
          in
          Section 2.2(b) hereof, Purchaser will assume only the contractual duty,
          obligation and liability to service the Mortgage Loans pursuant to the
          Guide
          that (i) accrue after the related Sale Date; and (ii) directly arise in
          connection with Purchaser’s acquisition, ownership and use of the Servicing
          Rights. Purchaser will not assume or otherwise be responsible for in any
          way
          whatsoever any other duties, obligations or liabilities of, or claims against,
          Seller or Seller’s shareholders (or any of their respective agents, officers,
          directors, trustees, or Affiliates), that accrue or otherwise relate to
          the
          period prior to the Sale Date with respect to the Servicing Rights or otherwise;
          provided,
          however,
          that
          subject to Seller’s indemnification obligation set forth in Section 10.1,
          Purchaser will assume liabilities to Investors with respect to the Servicing
          Rights that accrue prior to the Sale Date, but only to the extent that
          such
          assumption is a condition, evidenced in writing, to the consent by the
          applicable Investor to the transfer of such Servicing Rights to Purchaser.
          Purchaser and Seller acknowledge that notwithstanding the sale of Servicing
          Rights Package, Seller shall continue to retain any master servicing rights
          with
          respect to the related Mortgage Loans and shall continue to retain the
          right to
          the master servicing fee with respect to each Mortgage Loan as specified
          on the
          Mortgage Loan Schedule.

        

        (d) Purchaser
          acknowledges that the Investor Agreements by and between Seller, as master
          servicer, and Purchaser, as primary servicer, to which the Servicing Rights
          pertain shall contain provisions that such Investor Agreement may be immediately
          terminated either (i) with cause without any termination fee by any master
          servicer thereunder or (ii) without cause in which case Seller shall be
          responsible for any penalty or termination fee resulting therefrom. For
          purposes
          of this Section 2.1(d), a termination with cause shall be deemed to mean
          any
          termination which results from either (i) the failure of Purchaser to remit
          any
          amount when required to be paid, or (ii) a material breach of any
          representation, warranty, covenant or term of this Agreement, any Investor
          Agreement or the Guide by Purchaser which is not promptly cured by Purchaser
          to
          the reasonable satisfaction of Seller.

        
          
            
            

          

          
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        Section
          2.2  Sale
          Date

        

        (a) On
          the
          Sale Date, Seller shall transfer and assign to Purchaser, and Purchaser
          shall
          assume from Seller, all of Seller’s right, title and interest in and to the (i)
          Servicing Rights and all rights related thereto, including, without limitation,
          the right to receive the Servicing Fee and Ancillary Fees; (ii) Custodial
          Accounts; (iii) Related Escrow Accounts; and (iii) Servicing Files.

        

        (b) Seller
          shall effect the transfer contemplated herein in accordance with the terms
          and
          conditions set forth in this Agreement and in the Transfer Instructions
          set
          forth at Exhibit
          C.
          Effective as of the initial Sale Date agrees to service such Mortgage Loan
          in
          accordance with the terms and provisions of the Guide, including, but not
          limited to the obligation to remit any fees payable to any Insurer in connection
          with a PMI Policy.

        

        Section
          2.3  Evidence
          of Sale

        

        Prior
          to
          the Sale Date with respect to a Servicing Rights Package, Purchaser and
          Seller
          shall execute and deliver the documents required by the Investor(s) in
          connection with the transfer of the related Servicing Rights, in form and
          substance satisfactory to Purchaser in the exercise of its reasonable
          discretion. Purchaser and Seller, subject to the terms of this Agreement,
          shall
          also execute and deliver such other instruments or documents as Purchaser
          and
          Seller shall reasonably determine are necessary to evidence the transactions
          contemplated hereby.

        
          
            
            

          

          
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        ARTICLE
          III

        

        CONSIDERATION
          AND PAYMENTS

        

        

        Section
          3.1  Purchase
          Price

        

        With
          respect to each transfer and sale of a Servicing Rights Package, Purchaser
          shall
          pay to Seller, in accordance with Section 3.2, an amount equal to the product
          of
          the related Purchase Price Percentage multiplied by the aggregate outstanding
          principal balance, as of the Sale Date, of those Mortgage Loans that are
          not
          Excluded Loans. In addition, the respective Purchase Price will be reduced
          by
          $750 for each Mortgage Loan which, as of the respective Sale Date, is an
          Excluded Loan. Notwithstanding the foregoing, prior to the Sale Date, Seller
          may
          withdraw, or Purchaser may decline to receive the servicing rights, for
          any
          Mortgage Loan included in a Servicing Rights Package that is an Excluded
          Loan.
          Upon Seller’s deletion of an Excluded Loan from a Servicing Rights Package or
          Purchaser’s decision to not take the servicing for an Excluded Loan, as
          permitted above, the Purchase Price paid to Seller shall adjusted to reflect
          the
          Mortgage Loans included in the resulting Servicing Rights Package.

        

        Section
          3.2  Payment
          of Purchase Price by Purchaser

        

        (a) With
          respect to a Servicing Rights Package, Purchaser shall pay the Purchase
          Price to
          Seller as follows:

        

        (i) Twenty
          percent (20%) of the estimated respective Purchase Price shall be paid
          on the
          respective Sale Date (the “Initial Payment”);

        

        (ii) Seventy-five
          (75%) of the estimated respective Purchase Price shall be paid within seven
          (7)
          Business Days of the respective Transfer Date (the “Interim Payment”);
          and

        

        (iii) the
          remainder of the respective Purchase Price shall be paid within thirty
          (30) days
          after the respective Transfer Date (the “Final Payment”).

        

        The
          payment which is due on the respective Sale Date will be based on an estimate
          made with information available to Purchaser prior to the Sale Date. Any
          adjustment to such payment will be based on information available as of
          the
          respective Sale Date and will be made within five (5) Business Days of
          the
          respective Transfer Date. Purchaser’s obligation to pay the Initial Payment, the
          Interim Payment or the Final Payments shall be subject to Article VIII
          and
          further conditioned upon Seller’s material performance of all covenants and
          obligations required to be performed by Seller on or prior to the remittance
          of
          such payment.

        

        (b) Payoff
          Loans.
          Within
          sixty (60) days after the Sale Date, Purchaser shall (i) provide Seller
          with a
          schedule of Payoff Loans and (ii) Seller shall pay Purchaser an amount
          equal to
          the Purchase Price Percentage multiplied by the aggregate outstanding principal
          balance of the Payoff Loans as of sixty (60) days after the related Sale
          Date.

        
          
            
            

          

          
            20

            
              

            

          

          
            
            

          

        

        

        (c) Adjustments
          Based on Errors.
          If,
          subsequent to the payment of the Purchase Price or the payment of any other
          amounts due under this Agreement to either party, the principal on which
          the
          Purchase Price with respect to a Mortgage Loan was based is found to be
          in
          error, or if, for any other reason, the Purchase Price or such other amounts
          are
          found to be in error, within five (5) Business Days after the receipt of
          information sufficient to provide notice that payment is due, the party
          benefiting from the error shall pay to the other party an amount sufficient
          to
          correct and reconcile the Purchase Price or such other amounts and shall
          provide
          the other party with a reconciliation statement and such other documentation
          sufficient to reasonably satisfy the other party concerning the accuracy
          of such
          reconciliation.

        

        Section
          3.3     Verification
          of Purchase Price and Other Amounts to be Transferred

        

        With
          respect to a Servicing Rights Package, as soon as possible, but no later
          than
          five Business Days after the related Sale Date, Seller shall determine
          as of
          such Sale Date and promptly notify Purchaser in writing of: (a) the aggregate
          outstanding principal balance of all Mortgage Loans relating to such Servicing
          Rights Package; (b) the aggregate principal balance of all Excluded Loans;
          (c)
          the amount of all Advances; and (d) the amount of all Custodial Accounts
          and
          Related Escrow Accounts. All such accounts shall be reconciled by Seller
          to
          reports generated by its EDP servicer and to reports made to the applicable
          Investors.

        
          
            
            

          

          
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        ARTICLE
          IV

        

        COVENANTS

        

        Section
          4.1  Interim
          Servicing of the Mortgage Loans

        

        (a) General.
          During
          the Interim Servicing Period, the Seller shall interim service, or cause
          to be
          serviced, the Mortgage Loans in strict accordance with the terms and standards
          of Seller’s Seller/Servicer’s Guide, as such may be amended and modified from
          time to time. Without limiting the generality of the foregoing, Seller
          shall not
          take, or fail to take, any action which would result in Purchaser’s interest in
          the Servicing Rights relating to the Mortgage Loans being adversely affected.
          During the Interim Servicing Period, all income and interest related to
          the
          Servicing Rights shall belong to Purchaser, provided, however, Seller shall
          be
          entitled to receive from Purchaser i) the Interim Servicing Fee per Mortgage
          Loan per full calendar month that Seller interim services a Mortgage Loan
          or ii)
          a pro rata portion of the Interim Servicing Fee for each Mortgage Loan
          for each
          partial calendar month that Seller interim services the Mortgage Loans
          equal to
          the Interim Servicing Fee multiplied
          by a
          fraction the numerator of which is the number of days Seller interim services
          a
          the Mortgage Loan and the denominator of which is the actual number of
          days in
          the related month. Seller shall comply with all requests of Purchaser in
          connection with Purchaser’s servicing obligations under the Guide including,
          without limitation, requests for information or funds which are required
          to be
          submitted and/or remitted in accordance with the Guide. Without limiting
          the
          generality of the foregoing, during the Interim Servicing Period, Seller
          shall
          remit all amounts in accordance with Purchaser’s written
          instructions.

        

        (b) Reconciliation
          of Advances.
          Within
          five (5) Business Days following the related Transfer Date, Seller shall
          submit
          a report to Purchaser detailing the net principal and interest payments
          and
          curtailments advanced (“Seller Advances”) and collected by Seller with respect
          to the interim serviced Mortgage Loans. Purchaser shall deduct the Seller
          Advances outstanding and unreimbursed from the first remittance made by
          Purchaser as servicer of the related Mortgage Loans. Seller and Purchaser
          shall
          cooperate with each other to resolve any discrepancies arising from a party’s
          calculation of outstanding Seller Advances.

        

        Section
          4.2  Disclosure
          of Mortgage Loan Information

        

        From
          and
          after the Execution Date, Seller shall not disclose any information relating
          to
          the Mortgagors or the Mortgage Loans, including, without limitation, the
          names
          and/or addresses of the Mortgagors, to any Person unless such disclosure
          is
          necessary to comply with Applicable Requirements.

        

        Section
          4.3  Consents

        

        Seller
          shall obtain all required Consents in accordance with Section 7.1 for each
          Servicing Rights Package. Seller shall pay any and all costs of securing
          such
          Consents, including, without limitation, fees charged by the Investor or
          Insurer
          for the transfer of the Servicing Rights.

        
          
            
            

          

          
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        Section
          4.4  Interest
          on Related Escrow Accounts

        

        Seller
          shall pay interest on Related Escrow Accounts accrued through the Transfer
          Date
          to the extent interest with respect to such accounts is required to be
          paid by
          Applicable Requirements for the benefit of Mortgagors under the Mortgage
          Loans.
          Seller shall either deposit the interest earned in the Related Escrow Account
          or
          forward such interest to Purchaser’s designee within five (5) Business Days
          after the related Transfer Date.

        

        Section
          4.5  Escrow
          Obligations 

        

        In
          connection with any Mortgage Loan with respect to which Seller maintains
          a
          Related Escrow Account for taxes and insurance, Seller shall:

        

        (a) pay
          (i)
          all taxes with respect to which (A) the related tax bill is due prior to
          the
          thirtieth (30th)
          day
          following the related Transfer Date, and (B) the related tax bill was reasonably
          available to Seller prior to the related Transfer Date; and (ii) all hazard,
          flood, earthquake, PMI Policy and other insurance premiums that are due
          prior to
          the related Transfer Date.

        

        (b) be
          responsible for any tax penalties (including any loss of discount for which
          any
          Mortgagor or any third party for the benefit of the Mortgagor has a legal
          claim)
          arising in connection with any Mortgage Loan with respect to which (i)
          the
          related tax bill was due prior to the thirtieth (30th)
          day
          following the related Transfer Date; and (ii) Seller failed to pay the
          related
          tax bill.

        

        (c) on
          or
          before the related Transfer Date, provide Purchaser with a listing of each
          Mortgage Loan for which an escrow analysis was performed within sixty (60)
          days
          prior to the related Transfer Date and for which changes in the Mortgagor’s
          escrow account payment amount therefore are pending.

        

        Section
          4.6  Notice
          to Mortgagors

        

        Not
          less
          than fifteen (15) days prior to the related Transfer Date, Seller, as its
          sole
          cost and expense, shall deliver to each related Mortgagor a letter advising
          the
          Mortgagor of the transfer of the related Servicing Rights contemplated
          herein.
          Such letter shall comply with all Applicable Requirements, including, without
          limitation, the federal Real Estate Settlement Procedures Act, as amended,
          and
          Regulation X, as amended. At its sole cost and expense, following the related
          Transfer Date, Purchaser shall deliver to each related Mortgagor a similar
          letter in accordance with Applicable Requirements.

        

        Section
          4.7  Notice
          to Taxing Authorities and Insurance Companies

        

        Not
          less
          than fifteen (15) days prior to the related Transfer Date, Seller shall
          deliver
          written notices of the transfer of the related Servicing Rights contemplated
          herein to each applicable taxing authority and insurance company. Such
          notices
          shall instruct such entities to deliver, from and after the related Transfer
          Date, all applicable payments, notices, bills, statements, records, files
          and
          other documents to Purchaser. All such notices sent to hazard, flood,
          earthquake, private mortgage guarantee and other insurers shall comply
          with the
          requirements of the applicable master policies and shall instruct such
          insurers
          to change the mortgagee clause to “Countrywide Home Loans Servicing LP, its
          successors and assigns” or as otherwise required under Applicable Requirements.
          Seller shall be responsible for the cost of preparing and delivering the
          notices
          described in this Section and shall provide Purchaser with a copy of the
          form of
          each notice used by Seller to comply with this Section.

        
          
            
            

          

          
            23

            
              

            

          

          
            
            

          

        

        

        Section
          4.8  Tax
          Contracts

        

        On
          the
          related Transfer Date, Seller shall (a) assign to Purchaser “life-time” or
“life-of-loan,” fully paid assignable tax contracts with TransAmerica Tax
          Service on each related Mortgage Loan; and (b) provide Purchaser with a
          list
          identifying each such tax contract by contract number.

        

        Section
          4.9  Mortgagor
          Payments

        

        Prior
          to
          the Transfer Date for a Servicing Rights Package, Seller shall properly
          apply,
          in accordance with Applicable Requirements, all payments received by it
          with
          respect to each related Mortgage Loan. For a period of sixty (60) days
          following
          the related Transfer Date, Seller shall immediately forward to Purchaser
          by
          overnight mail any payment Seller receives from a related Mortgagor. After
          sixty
          (60) days following the related Transfer Date, Seller shall immediately
          forward
          such payments to Purchaser by first class mail. Seller shall endorse each
          such
          Mortgagor payment to Purchaser and provide Purchaser with sufficient information
          to process each such Mortgagor payment.

        

        Section
          4.10  Transfer
          Instructions

        

        Seller
          shall comply with the Transfer Instructions set forth at Exhibit
          C
          in all
          material respects.

        

        Section
          4.11  Schedule
          of Advances

        

        No
          later
          than five (5) Business Days after the Transfer Date for a Servicing Rights
          Package, Purchaser shall have received from Seller a schedule, certified
          as
          being true and correct on behalf of Seller by an authorized officer thereof,
          setting forth the outstanding Advances as of the related Transfer Date
          with
          respect to the Servicing Rights transferred on that date. Any amounts received
          by Purchaser after the related Transfer Date in respect of such outstanding
          Advances shall be remitted to Seller in accordance with the terms of the
          Investor Agreements.

        
          
            
            

          

          
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        Section
          4.12  Delivery
          of Certain Items

        

        No
          later
          than two (2) Business Days after the Transfer Date for a Servicing Rights
          Package and in accordance with the Transfer Instructions, Seller shall
          deliver
          or cause to be delivered to Purchaser or Purchaser’s designee (as applicable),
          the applicable (a) Mortgage Loan Schedule (in computer tape form); (b)
          Servicing
          Files; and (c) Investor Agreements (either duly executed originals or certified
          copies). Seller shall be responsible for all costs and risks of loss in
          connection with the deliveries described in this Section.

        

        Section
          4.13 Transfer
          of Custodial Accounts and Related Escrow Accounts;
          Reconciliation

        

        (a) No
          later
          than five (5) Business Days after the Transfer Date for a Servicing Rights
          Package, Seller shall deliver to Purchaser all applicable Custodial Accounts
          and
          Related Escrow Account balances, net of amounts thereof reimbursable to
          Seller
          for Advances in accordance with the terms of the Investor Agreements and
          all
          other appropriate collections relating to the applicable Mortgage
          Loans.

        

        (b) No
          later
          than five (5) Business Days after the Transfer Date for a Servicing Rights
          Package, Seller shall fully reconcile on a loan level basis as of the related
          Transfer Date (i) the reports generated by Seller’s computers with respect to
          the applicable Custodial Accounts, Related Escrow Accounts and Advances
          with the
          reports generated by Seller’s EDP servicer; and (ii) the reports of Seller’s EDP
          servicer with Investor records and reports for the applicable Servicing
          Rights.
          Seller shall be responsible for any payments necessary to bring such Custodial
          Accounts, Related Escrow Accounts and Advances to fall
          reconciliation.

        

        Section
          4.14  Notice
          of Assumptions

        

        No
          later
          than five (5) Business Days after the related Transfer Date for a Servicing
          Rights Package, Seller shall, in connection with the Mortgage Loans, provide
          Purchaser with (a) copies of all assumption statements generated by Seller
          within the sixty (60) days preceding such Transfer Date; and (b) a list
          of all
          assumptions in process.

        

        Section
          4.15  Misapplied
          Payments

        

        With
          respect to each Servicing Rights Package, misapplied payments shall be
          processed
          as follows:

        

        (a) All
          parties shall cooperate in correcting misapplication errors;

        

        (b) The
          party
          receiving notice of a misapplied payment occurring prior to the related
          Transfer
          Date and discovered after the related Transfer Date shall immediately notify
          the
          other party and shall accompany such notification with a copy of the applicable
          canceled check or similar supporting documentation (unless the other party
          is
          the party that has access to such documentation);

        
          
            
            

          

          
            25

            
              

            

          

          
            
            

          

        

        

        (c) If
          a
          misapplied payment which occurred prior to the related Transfer Date cannot
          be
          reconciled and results in a shortage in a Custodial Account or Related
          Escrow
          Account, Seller shall reimburse Purchaser for the amount of such shortage
          within
          five (5) Business Days after Seller’s receipt of Purchaser’s demand therefor
          accompanied by supporting documentation;

        

        (d) If
          a
          misapplied payment which occurred prior to the related Transfer Date has
          created
          an improper Purchase Price as the result of an inaccurate outstanding principal
          balance, a check shall be issued to the party shorted by the improper payment
          application within five (5) Business Days after written notice thereof
          by the
          other party; and

        

        (e) Any
          check
          issued pursuant to this Section shall be accompanied by a statement indicating
          the purpose of the check, the Mortgagor, the Mortgaged Property address
          and the
          corresponding Seller and/or Purchaser account number.

        

        Section
          4.16  IRS
          Forms

        

        For
          each
          Mortgage Loan subject to a Servicing Rights Package, if permitted by applicable
          statutes or regulations, Seller shall file all IRS Forms 1098, 1099, 1041
          and/or
          1041 K-1 that are required by the IRS to be filed on or before such Transfer
          Date. Seller shall provide copies of such forms to Purchaser upon Purchaser’s
          request. In addition, to the extent Seller shall have such in its possession,
          Seller shall also provide to Purchaser an IRS Form W-8 or W-9, as applicable,
          executed by the Mortgagor (or equivalent documentation acceptable to Purchaser)
          on all Mortgage Loans upon request. Seller shall reimburse Purchaser for
          any
          Losses arising from Seller’s failure to comply with this Section.

        

        Section
          4.17  Tax
          Bills, Insurance Premiums, etc

        

        For
          a
          period of sixty (60) days following the Transfer Date for a Servicing Rights
          Package, Seller shall immediately forward, or cause to be forwarded, to
          Purchaser by overnight mail any bill that Seller receives in connection
          with any
          applicable Mortgage Loan, including, without limitation, tax bills and
          bills for
          hazard, flood, earthquake or private mortgage insurance premiums. After
          sixty
          (60) days following the related Transfer Date, Seller shall immediately
          forward,
          or cause to be forwarded, such bills to Purchaser by first class
          mail.

        

        Section
          4.18  Flood
          Insurance Audit

        

        Seller
          shall assign to Purchaser, on the Transfer Date for a Servicing Rights
          Package,
          certified and guaranteed assignable flood insurance contracts for each
          applicable Mortgage Loan with Flood Data Services, Inc. (“FDSI”). Seller will
          reimburse Purchaser eight dollars ($8.00) per Mortgage Loan for each Mortgage
          Loan transferred without an FDSI flood contract.

        
          
            
            

          

          
            26

            
              

            

          

          
            
            

          

        

        

        Section
          4.19  Optional
          Insurance

        

        Prior
          to
          the Transfer Date for a Servicing Rights Package, Seller shall provide
          Purchaser
          with a copy of the master insurance policy for each Mortgage Loan that
          is
          covered by any type of optional insurance and with respect to which Seller
          collects escrow payments from Mortgagors. Prior to the related Transfer
          Date,
          Purchaser shall notify Seller as to which such policies it will not continue
          to
          collect escrow payments, and Seller shall request the applicable insurance
          companies to continue the applicable insurance coverage on a direct pay
          basis.
          If the insurance companies refuse to continue the optional insurance on
          a direct
          pay basis, (a) Seller represents that, subject to Applicable Requirements,
          all
          applicable insurance policies shall be canceled; and (b) Seller shall notify
          the
          applicable Mortgagors of such cancellation.

        

        
          
            
            

          

          
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        ARTICLE
          V

        

        REPRESENTATIONS
          AND WARRANTIES OF SELLER

        

        The
          representations and warranties of Seller contained in this Agreement shall
          continue and survive the purchase of the Servicing Rights and the delivery
          and
          assignment to Purchaser of such Servicing Rights and shall inure to the
          benefit
          of Purchaser. Purchaser is purchasing the Servicing Rights in reliance
          on the
          truth and accuracy of each such representation or warranty. In addition
          to
          representations and warranties, if any, made elsewhere in this Agreement,
          with
          respect to each Servicing Rights Package, Seller represents and warrants
          to
          Purchaser, as of the Execution Date and each related Sale Date and Transfer
          Date
          as follows:

        

        Section
          5.1  Organization
          and Good Standing

        

        Seller
          is
          a corporation duly organized, validly existing, and in good standing under
          the
          laws of the state of its organization. Seller is duly qualified or licensed
          to
          do business, and in good standing, in each jurisdiction in which the nature
          of
          its business or properties makes such qualification, license and standing
          necessary, including without limitation in each state in which the Mortgaged
          Properties are located.

        

        Section
          5.2  Authority
          and Capacity; Ordinary Course

        

        Seller
          has all requisite corporate or organizational power, authority and capacity,
          to
          carry on its business as it is now being conducted, to execute and deliver
          this
          Agreement, and to perform all of its obligations hereunder. Seller does
          not
          believe, nor does it have any cause or reason to believe, that it cannot
          perform
          each and every covenant contained in this Agreement. The consummation of
          the
          transactions contemplated by this Agreement is in the ordinary course of
          business of Seller.

        

        Section
          5.3  Effective
          Agreement

        

        The
          execution, delivery and performance of this Agreement by Seller and the
          consummation of the transactions contemplated thereby have been duly and
          validly
          authorized by all necessary corporate, shareholder or other action; this
          Agreement has been duly and validly executed and delivered by Seller, and
          is a
          valid and legally binding agreement of Seller enforceable against Seller
          in
          accordance with its terms, subject to bankruptcy, insolvency and similar
          laws
          affecting generally the enforcement of creditor’s rights and the discretion of a
          court to grant specific performance of contracts. Any requisite consents
          or
          approvals of third parties (including Investors and any other applicable
          regulatory authorities) to the execution and delivery of this Agreement
          or the
          performance of the transactions contemplated hereby by Seller have been
          obtained
          or will be obtained prior to the Sale Date or such other date as expressly
          provided herein.

        

        Section
          5.4  No
          Conflict

        

        Neither
          the execution and delivery of this Agreement, nor the consummation of the
          transactions contemplated hereby, nor compliance with its terms and conditions,
          shall (a) violate, conflict with, result in the breach of, constitute a
          default
          under or be prohibited by any terms, conditions or provisions of Seller’s
          Articles of Incorporation or By-Laws or any other similar corporate or
          organizational documents of Seller; any mortgage, indenture, deed of trust,
          loan
          or credit agreement or other agreement or instrument to which Seller is
          now a
          party or by which it is bound; or any law, ordinance, rule, regulation,
          order,
          judgment or decree of any governmental authority applicable to Seller;
          or (b)
          result in the creation or imposition of any lien, charge or encumbrance
          upon any
          of the properties or assets of Seller (except in favor of
          Purchaser).

        
          
            
            

          

          
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        Section
          5.5  Approvals
          and Compliance

        

        Seller
          holds all licenses, approvals, permits and other authorizations required
          under
          Applicable Requirements to service the Mortgage Loans. Seller is not in
          default
          with respect to Seller’s obligations under the Investor Agreements, and Seller
          is in compliance in all material respects with all Applicable Requirements
          relating to the Servicing Rights. As of the related Sale Date for each
          Mortgage
          Loan, there has been no occurrence that could entitle any Investor or Insurer,
          whichever is applicable, to demand repurchase by Purchaser of a Mortgage
          Loan,
          terminate any Investor Agreement, demand indemnification by Purchaser for
          losses, or cause the cancellation of the mortgage insurance or guaranty,
          or the
          denial or reduction of insurance benefits, provided by the Insurers with
          respect
          to any Mortgage Loan.

        

        Section
          5.6  Filing
          of Reports

        

        Seller
          has filed all reports required by the Investors and Insurers with respect
          to the
          Servicing Rights, and Seller has complied in all material respects with
          all
          federal, state and municipal laws, regulations and ordinances affecting
          the
          Servicing Rights. As of the related Sale Date for each Mortgage Loan, Seller
          has
          filed all IRS Forms, including but not limited to Forms 1041 K1, 1041,
          1099 INT,
          1099 MISC, 1099A and 1098, as appropriate, which are required to be filed
          with
          respect to the Servicing Rights for activity occurring on or before year
          end for
          the calendar year in which the related Sale Date occurred. Each Mortgage
          Loan
          File contains an executed and correct IRS Form W-8 or W-9, as applicable,
          or an
          IRS-approved substitute.

        

        Section
          5.7  Custodial
          Accounts and Related Escrow Accounts

        

        As
          of the
          related Sale Date with respect to each Mortgage Loan, (i) all Custodial
          Accounts
          and Related Escrow Accounts required to be maintained by Seller have been
          established and continuously maintained in accordance with Applicable
          Requirements; (ii) all Custodial Account and Related Escrow Account balances
          required by the Mortgage Loan Documents that have been paid to Seller for
          the
          account of the Mortgagors under the Mortgage Loans are on deposit in the
          appropriate Custodial Account and Related Escrow Account and (iii) to the
          extent
          required by Applicable Requirements, Seller has analyzed the payments required
          to be deposited into the Custodial Accounts and Related Escrow Accounts
          and
          adjusted the payment thereto in order to eliminate any shortage or deficiency
          Seller may have discovered.

        
          
            
            

          

          
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        Section
          5.8  Interim
          Servicing Period

        

        Seller
          shall service, or shall cause to be serviced, the Mortgage Loans according
          to
          the terms of Seller’s Seller/Servicer’s Guide, as such may be amended and
          modified from time to time.

        

        Section
          5.9  The
          Mortgage Loans

        

        With
          respect to each Mortgage Loan related to the Servicing Rights comprising
          a
          Servicing Rights Package, as of the Sale Date for the related Servicing
          Rights
          Package:

        

        (a) Investor/Insurer
          Requirements.
          The
          Investor Agreements do not create any obligations or liability on the Servicer
          that are unduly burdensome or unusual in the mortgage servicing industry.
          Each
          Investor Agreement delivered to Purchaser represents a certified copy of
          the
          original as it may have been amended and in either case represents true,
          correct, and complete copies of the same. Each of the Investor Agreements
          is in
          full force and effect and has not been amended, modified, or altered, except
          as
          the same shall have been provided to Purchaser. Seller is not a party to
          or
          subject to any agreement, stipulation, conditional approval, memorandum
          of
          understanding, notice of determination, consent decree, advisory settlement,
          compromise, litigation, or other agreement or understanding with any Investor,
          court or other governmental agency or body which seeks to modify, interpret
          or
          clarify or has the effect of modifying, interpreting, or clarifying any
          of the
          terms of the Investor Agreements or otherwise affects Seller’s servicing
          obligations and practices (including, without limitation, Seller’s escrow
          practices).

        

        (b) Enforceability
          of Mortgage Loan.
          The
          Mortgage Note and the related Mortgage Instrument are genuine and each
          is the
          legal, valid and binding obligation of the maker thereof, enforceable in
          accordance with its terms. All parties to the Mortgage Note and the Mortgage
          Instrument had the legal capacity to execute the Mortgage Note and the
          Mortgage
          Instrument and each Mortgage Note and Mortgage Instrument has been duly
          and
          properly executed by such parties. The Mortgage Loan is not subject to
          any right
          of rescission, set-off, counterclaim or defense, including the defense
          of usury,
          nor will the operation of any of the terms of the Mortgage Note or the
          Mortgage
          Instrument, or the exercise of any right thereunder, render either the
          Mortgage
          Note or the Mortgage Instrument 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. Except as may be permitted
          by
          the Applicable Requirements, there is no homestead or other exemption available
          to a Mortgagor which would interfere with the right to sell the Mortgaged
          Property by trustee’s sale or the right to Foreclose the Mortgage.

        

        (c) Disbursement.
          The
          full original principal amount of each Mortgage Loan (net of any discounts)
          has
          been fully advanced or disbursed to the Mortgagor named therein, there
          is no
          requirement for future advances 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 satisfied. All costs, fees, and expense incurred in
          making,
          closing or recording the Mortgage Loan were paid. There is no obligation
          on the
          part of Seller, or of any other party, to make supplemental payments in
          addition
          to those made by the Mortgagor. The Mortgagor is not entitled to any refund
          of
          any amounts paid or due under the Mortgage Note or Mortgage Instrument
          except
          for refunds from Related Escrow Accounts not yet required to be paid by
          Applicable Requirements.

        
          
            
            

          

          
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        (d) Priority
          of Lien; Title Insurance; Etc.

        

        (i) Each
          Mortgage Instrument has been duly acknowledged and recorded and is a valid
          and
          subsisting first lien on the Mortgaged Property and each Mortgaged Property
          is
          free and clear of all encumbrances and liens having priority over the lien
          of
          the Mortgage Instrument, except for (A) liens for real estate taxes and
          special
          assessments not yet due and payable in connection with Mortgage Loans for
          which
          Seller maintains a Related Escrow Account for such taxes and special
          assessments, (B) covenants, conditions, restrictions, rights of way, easements
          and other matters of public record acceptable to mortgage lending institutions
          generally and (C) 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 Instrument. There are no mechanics’ or similar liens
          or claims that have been filed for work, labor or material (and no rights
          are
          outstanding that under law could give rise to such lien) affecting the
          Mortgaged
          Property, which are or may be liens prior to, or equal or coordinate with,
          the
          lien of the Mortgage Instrument.

        

        (ii) A
          valid
          and enforceable title policy, or other appropriate evidence of title in
          accordance with the applicable Investor Agreement has been issued and is
          in full
          force and effect in an amount not less than the original principal amount
          of
          such Mortgage Loan, which title policy insures that the related Mortgage
          Instrument is a valid first lien on the Mortgaged Property therein described
          and
          that the Mortgaged Property is free and clear of all encumbrances and liens
          having priority over the lien of the Mortgage, subject to the exceptions
          set
          forth in Section 5.8(d)(i), and otherwise in compliance with the requirements
          of
          the applicable Investor or Insurer. No claims have been made under any
          title
          policy relating to the Mortgage Loans, and no prior holder of the Mortgage
          Loan,
          including Seller, has done, by act or omission, anything which would impair
          the
          coverage of such policy.

        

        (e) No
          Default/No Waiver.
          Except
          as to Mortgage Loans that are (i) Excluded Loans, as set forth on the Mortgage
          Loan Schedule, or (ii) one or more payments past due, as set forth on the
          Mortgage Loan Schedule, there is no default, breach, violation or event
          of
          acceleration existing under any Mortgage Loan, and no event has occurred
          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 of acceleration;
          and Seller has not waived any default, breach, violation or event of
          acceleration. The terms of the Mortgage Loan have not been waived, impaired,
          changed or modified, except as permitted by Applicable Requirements. No
          Mortgagor has been released, in whole or in part, except as permitted by
          Applicable Requirements. Seller has not advanced its funds to cure a default
          or
          delinquency with respect to any such Mortgage Loan, except for escrowed
          items
          the terms of which are reflected in the Mortgage Loan Schedule.

        
          
            
            

          

          
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        (f) Application
          of Funds.
          All
          payments received by Seller with respect to any Mortgage Loans have been
          remitted and properly accounted for as required by Applicable Requirements.
          All
          funds received by Seller in connection with the satisfaction of Mortgage
          Loans,
          including but not limited to foreclosure proceeds and insurance proceeds
          from
          hazard losses, have been deposited in the appropriate Custodial Account
          or
          Related Escrow Account, and all such funds have been applied to reduce
          the
          principal balance of the Mortgage Loans in question, or for reimbursement
          of
          repairs to the Mortgaged Property or as otherwise required by Applicable
          Requirements and the Investor Agreements or are and will be in one of the
          Related Escrow Accounts on the related Sale Date. 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
          prior to the imposition of any penalty with respect thereto, or an escrow
          of
          funds with respect to taxes and insurance premiums has been established
          in an
          amount sufficient (based on the most recent escrow analysis thereof performed
          in
          accordance with the Applicable Requirements) to pay for such item which
          remains
          unpaid and which has been assessed but is not yet due and payable. The
          unpaid
          balances of the Mortgage Loans are as stated on the Mortgage Loan Schedule
          to be
          delivered to Purchaser.

        

        (g) Compliance
          with Laws.
          Seller
          and any Prior Servicer have complied, and Seller will continue to comply
          to the
          extent of its retained obligations under this Agreement, with every Applicable
          Requirement.

        

        (h) Taxes.
          Each
          Mortgage Loan is covered by a valid and assignable, full fee, “life-of-loan” tax
          service contract, and each such contract is in full force and
          effect.

        

        (i) Insurance.
          All
          Mortgaged Properties are currently insured against loss by fire, hazard,
          earthquake or extended coverage insurance policies in conformity with Applicable
          Requirements. All such insurance policies are in full force and effect,
          and all
          premiums with respect to such policies have been paid and will be in full
          force
          and effect and inure to the benefit of Purchaser on behalf of the Investor
          upon
          the consummation of the transactions contemplated by this Agreement for
          the
          related Sale Date. The Mortgage Instruments obligate the Mortgagors thereunder
          to maintain such insurance policies at the Mortgagor’s cost and expense, and on
          the Mortgagor’s failure to do so, authorize the holder of the Mortgage
          Instruments to obtain and maintain such insurance at such Mortgagor’s cost and
          expense, and to seek reimbursement therefor from the Mortgagor. Seller
          has not
          engaged in any act or omission which would impair the coverage of any insurance
          policy relating to the Mortgage Loans or the benefits of the endorsement
          provided for therein, or the validity and binding effect of either.

        

        (j) Damage,
          Condemnation.
          There
          exists no physical damage to the Mortgaged Property from fire, flood, windstorm,
          earthquake, tornado, hurricane or any other similar casualty, which physical
          damage would materially and adversely affect the value or marketability
          of the
          Servicing Rights. There is no proceeding currently pending for the total
          or
          partial condemnation of, or eminent domain with respect to, the Mortgaged
          Property and Seller has no knowledge that all or any part of the Mortgaged
          Property has been or will be condemned.

        
          
            
            

          

          
            32

            
              

            

          

          
            
            

          

        

        

        (k) Servicing
          File.
          The
          Servicing File contains each of the documents and instruments specified
          to be
          included therein and required to be maintained by this Agreement, Applicable
          Requirements or necessary to service the Loans; each such document or instrument
          is duly executed and in due and proper form and is genuine and in a form
          required by the applicable Investor Agreement; and the information contained
          in
          each such document or instrument is true, accurate and complete.

        

        (l) Good
          Title.
          The
          sale, transfer and assignment by Seller to Purchaser of the Servicing Rights
          on
          the related Sale Date, effectively vest in Purchaser good and marketable
          title
          to the Servicing Rights, free and clear of any and all liens, claims, or
          encumbrances except for those conditions required pursuant to this Agreement
          and
          the Investor Agreements. There are no contracts affecting the Servicing
          Rights
          to which Purchaser will be bound except for the Investor Agreements, and
          no
          other party has any interest in the Servicing Rights except as required
          or
          permitted under this Agreement and the Investor Agreements.

        

        (m) Origination,
          Sale and Servicing Practices.
          The
          servicing practices used by Seller, and/or any Prior Servicer with respect
          to
          each Mortgage Loan have been legal, proper, prudent and customary in the
          mortgage lending business and consistent with Applicable Requirements.
          There are
          no deficiencies in any Related Escrow Accounts for which customary arrangements
          for repayment have not been made, and no Related Escrow Account deposits
          or
          payments or other charges or prepayments due from a Mortgagor have been
          capitalized under any Mortgage or the related Mortgage Note. Purchase of
          the
          Servicing Rights pursuant to this Agreement will not cause Purchaser to
          be
          responsible for the acts, errors or omissions of Seller, Originator, Prior
          Servicer or any other party with respect to the period prior to the related
          Sale
          Date.

        

        (n) Hazardous
          Material.
          Neither
          Seller nor any Prior Servicer has engaged in any activity that involves
          or
          involved the generation, use, manufacture, treatment, transportation, storage
          in
          tanks or otherwise, or disposal of Hazardous Material on or from the Mortgaged
          Property.

        

        (o) Improvements.
          No
          improvements located on or constituting part of the Mortgaged Property
          are in
          violation of any applicable zoning law or regulation for which Purchaser
          would
          be responsible. Seller has received no notices of any violation of any
          law,
          municipal or other governmental ordinance, order, rule, regulation or
          requirement that has not been cured, or any restrictive covenant against
          or
          affecting the Mortgaged Property, or any part thereof, nor is Seller aware
          of
          any facts which might result in such a violation.

        

        (p) Conformance
          with Investor Standards.
          Each
          Mortgage Loan was underwritten and funded in accordance with Seller’s
          underwriting standards in effect at the time the Mortgage Loan was originated,
          and each such Mortgage Loan is in conformity with the applicable underwriting
          standards.

        
          
            
            

          

          
            33

            
              

            

          

          
            
            

          

        

        

        (q) Mortgage
          Loan Characteristics.
          At
          origination, each Mortgage Loan had a principal balance of no less that
          $40,000
          and repayment term of thirty (30) years and amortizes on a level yield
          basis at
          a fixed rate of interest over its term in a manner that is sufficient to
          fully
          amortize the original principal balance of the Mortgage Loan over the original
          term of the Mortgage Loan, and there is no “balloon” feature. None of the
          Mortgage Loans are subject to bi-weekly payment plans. The due date for
          each
          Mortgage Loan Payment is the first (1st)
          day of
          each calendar month. Interest on each Mortgage Loan is payable in arrears
          and is
          not calculated on a simple interest basis.

        

        (r) Prepayment
          Penalties.
          Unless
          otherwise prohibited or limited by law in which the Mortgaged Property
          is
          located, all prepayment penalty provisions, if any, included in a Mortgage
          Note
          require the payment, on the terms and under the conditions provided in
          the
          Mortgage Note, of an amount equal to six (6) months interest on eighty
          percent
          (80%) of the outstanding principal balance of the related Mortgage
          Loan.

        

        (s) Mortgage
          Loans as Described.
          The
          information set forth in each Mortgage Loan Schedule is complete, true
          and
          correct in all material respects.

        

        (t) Coinsurance
          Claims.
          There
          are no uninsured casualty losses or casualty losses where coinsurance has
          been
          (and Seller has no reason to believe, will be) claimed by an insurance
          company
          or where the loss, exclusive of contents, is greater than the recovery,
          less
          actual expenses incurred in such recovery from the insurance carrier. No
          casualty insurance proceeds have been used to make repairs to the Mortgaged
          Property other than with the consent of applicable Investors, if required.
          All
          damage with respect to which casualty insurance proceeds have been received
          by
          Seller has been properly repaired or is in the process of repair with such
          proceeds if and to the extent required by the applicable Investor
          Agreements.

        

        (u) No
          Satisfaction of Mortgage.
          No
          Mortgage Instrument has been satisfied, canceled, subordinated, or rescinded,
          in
          whole or in part, nor has any Mortgaged Property been released from the
          lien of
          the Mortgage Instrument, in whole or in part, nor has any instrument been
          executed that would effect any such release, cancellation, subordination,
          or
          rescission.

        

        (v) Doing
          Business.
          All
          parties which have had any interest in the Mortgage Loan, whether as mortgagee,
          assignee, pledgee, or otherwise, are (or, during the period in which they
          held
          and disposed of such interest, were) (i) in compliance with any and all
          applicable licensing requirements of the laws of the state wherein the
          Mortgaged
          Property is located; and (ii) organized under the laws of such state; or
          (iii)
          qualified to do business in such state; or (iv) federal savings and loan
          associations or national banks having principal offices in such state;
          or (v)
          not doing business in such state, except where the failure to be so licensed
          or
          qualified would not result in any Loss to Purchaser.

        

        (w) No
          Additional Collateral.
          The
          Mortgage Note is not and has not been secured by any collateral except
          the lien
          of the corresponding Mortgage Instrument and the security interest of any
          applicable securing agreement or chattel mortgage, the originals of which
          are
          contained in the Mortgage File.

        
          
            
            

          

          
            34

            
              

            

          

          
            
            

          

        

        

        (x) Deeds
          of Trust.
          In the
          event the Mortgage Instrument constitutes a deed of trust, a trustee, duly
          qualified under applicable law to serve as such, has been properly designated
          and currently so serves and is named in the Mortgage Instrument, and no
          fees or
          expenses are or will become payable by Purchaser, or the applicable Investor,
          or
          their respective successors or assigns to the trustee under the deed of
          trust,
          except in connection with a trustee’s sale after default by the
          Mortgagor.

        

        (y) No
          Criminal Offenses.
          No
          current or former officer of Seller and, to Seller’s knowledge, no mortgage loan
          originator or other personnel of Seller, has been indicted, arraigned,
          or
          convicted, or currently is (or has been in 12 months prior to the related
          Sale
          Date) under investigation for any criminal offense or any fraudulent activity
          related to the origination, servicing or sale of any mortgage
          loans.

        

        (z) No
          Inquiries.
          Seller
          has not been the subject of an audit within the past three years by an
          investor
          or Insurer, which audit included allegations of failure to comply with
          applicable loan origination, servicing or claims procedures, or resulted
          in a
          request for repurchase of mortgage loans or indemnification in connection
          with
          any mortgage loans (including, without limitation, the Mortgage
          Loans).

        

        (aa) No
          Seller Solicitation.
          Seller
          has not directly or indirectly solicited, by any means, the Mortgagors
          of any of
          the Mortgage Loans after such Mortgage Loans have been identified as Mortgage
          Loans the Servicing Rights for which are to be transferred to Purchaser
          (i) for
          purpose of prepayments or refinance or modification of such Mortgage Loans;
          or
          (ii) for any financial services or products including, but not limited
          to (A)
          checking and savings accounts, certificates of deposit, safe deposit boxes,
          automatic teller machines, second mortgage loans, equity source accounts,
          personal loans and credit cards, and (B) ordinary life, ordinary health,
          credit
          life, credit health, credit unemployment and any other forms of group or
          individual insurance coverages.

        

        (bb) Payoffs.
          Except
          as disclosed to Purchaser prior to the Sale Date, Seller has not received
          any
          requests for or provided any payoff quotes with respect to any of the related
          Mortgage Loans within the thirty (30) day period prior to the related Sale
          Date.

        

        Section
          5.10  No
          Recourse

        

        None
          of
          the Servicing Rights is subject to any Recourse Obligation.

        

        Section
          5.11  Insurance

        

        Error
          and
          omissions and fidelity insurance coverage, in amounts as required by the
          applicable Investor Agreement is in effect with respect to Seller and will
          be
          maintained until the transactions contemplated by this Agreement have been
          consummated in accordance with the terms hereof.

        
          
            
            

          

          
            35

            
              

            

          

          
            
            

          

        

        

        Section
          5.12  Litigation

        

        There
          is
          no litigation, claim, demand, proceeding or governmental investigation
          existing
          or pending, or to the knowledge of Seller, threatened, or any order, injunction
          or decree outstanding, against or relating to Seller that could have a
          material
          adverse effect upon the Servicing Rights being purchased by Purchaser hereunder
          with respect to any Mortgage Loan or the performance by Seller of its
          obligations under the Investor Agreements, or result in any Loss to Purchaser,
          nor to Seller’s knowledge is there any basis for any such litigation, claim,
          demand, proceeding or governmental investigation.

        

        Section
          5.13  Seller
          Process

        

        The
          Servicing Rights were not selected for sale to Purchaser from among the
          outstanding servicing rights in Seller’s portfolio at the related Sale Date in a
          manner so as to affect adversely the interests of Purchaser.

        

        Section
          5.14  Servicing
          Fee

        

        No
          part
          of the Servicing Fee has been assigned or pledged to a third party.

        

        Section
          5.15  Fair
          Consideration

        

        The
          consideration received by Seller upon the sale of the Servicing Rights
          under
          this Agreement constitutes fair consideration and reasonably equivalent
          value
          for the Servicing Rights.

        

        Section
          5.16  No
          Accrued Liabilities

        

        There
          are
          no accrued or contingent liabilities of Seller with respect to the Mortgage
          Loans or Servicing Rights or circumstances under which such accrued or
          contingent liabilities will arise against Purchaser, with respect to occurrences
          prior to the related Sale Date. Seller assumes full responsibility for
          any and
          all termination or transfer fees relating to the Servicing Rights that
          may be
          outstanding on the related Sale Date.

        

        Section
          5.17  Facts
          and Omissions

        

        All
          of
          the representations and warranties and other statements or information
          made or
          prepared by or on behalf of Seller and the Servicing Rights in this Agreement
          or
          prepared and furnished by or on behalf of Seller to Purchaser in any instrument,
          document, offering memorandum or computer tape in connection with the
          transactions contemplated by this Agreement (which document or computer
          tape
          shall be deemed to be a part of this Agreement) are true in all material
          respects as of the related Sale Date.

        

        Section
          5.18  Financial
          Condition of Seller

        

        Neither
          Seller nor any of its Affiliates is in bankruptcy, receivership or
          conservatorship.

        
          
            
            

          

          
            36

            
              

            

          

          
            
            

          

        

        

        Section
          5.19  Hart-Scott-Rodino
          

        

        The
          purchase and sale of the Servicing Rights contemplated by this Agreement
          is
          exempt from the notification and disclosure provisions of the Hart-Scott-Rodino
          Act.

        

        
          
            
            

          

          
            37

            
              

            

          

          
            
            

          

        

        

        ARTICLE
          VI

        

        REPRESENTATIONS
          AND WARRANTIES OF PURCHASER

        

        The
          representations and warranties of Purchaser contained in this Agreement
          shall
          continue and survive the sale of the Servicing Rights and the delivery
          and
          assignment to Purchaser of such Servicing Rights and shall inure to the
          benefit
          of Seller. Seller is selling the Servicing Rights in reliance on the truth
          and
          accuracy of each such representation or warranty. In addition to the
          representations and warranties, if any, made elsewhere in this Agreement,
          Purchaser represents and warrants to Seller, as of the Execution Date and
          each
          related Sale Date, as follows:

        

        Section
          6.1  Organization
          and Good Standing

        

        Purchaser
          is a limited partnership duly formed, validly existing and in good standing
          under the laws of the State of Texas and has all requisite corporate power,
          authority, and, subject to the Investor approvals of transfer, capacity
          to enter
          into this Agreement and to perform the obligations required of it hereunder.
          Purchaser is duly qualified or licensed to do business, and in good standing,
          in
          each jurisdiction in which the nature of its business or properties makes
          such
          qualification, license and standing necessary, including without limitation
          in
          each state in which the Mortgaged Properties are located.

        

        Section
          6.2  Authority
          and Capacity; Ordinary Course

        

        Purchaser
          has all requisite corporate power, authority and capacity to execute and
          deliver
          this Agreement and to perform all of the obligations hereunder. Purchaser
          does
          not believe, nor does it have any cause or reason to believe, that it cannot
          perform each and every covenant contained in this Agreement. The consummation
          of
          the transactions contemplated by this Agreement is in the ordinary course
          of
          business of Purchaser.

        

        Section
          6.3  Effective
          Agreement

        

        The
          execution, delivery and performance of this Agreement by Purchaser and
          consummation of the transactions contemplated hereby have been duly and
          validly
          authorized by all necessary corporate, or other action by Purchaser; and
          this
          Agreement has been duly and validly executed and delivered by Purchaser,
          and
          this Agreement is a valid and legally binding agreement of Purchaser and
          enforceable against Purchaser in accordance with its terms, subject to
          bankruptcy, insolvency and similar laws affecting generally the enforcement
          of
          creditor’s rights and the discretion of a court to grant specific performance of
          contracts. Any requisite consents of third parties (including any other
          applicable regulatory authorities) to the execution and delivery of this
          Agreement or the performance of the transactions contemplated hereby by
          Purchaser have been obtained or will be obtained prior to the related Sale
          Date
          or such other date as expressly provided herein.

        
          
            
            

          

          
            38

            
              

            

          

          
            
            

          

        

        

        Section
          6.4  No
          Conflict

        

        Neither
          the execution and delivery of this Agreement nor the consummation of the
          transactions contemplated hereby, nor compliance with its terms and conditions,
          shall (a) violate, conflict with, result in the breach of, constitute a
          default
          under, be prohibited by or require any additional approval under any terms,
          conditions or provisions of Purchaser’s Partnership Agreement or Certificate of
          Limited Partnership or By-Laws or any other similar corporate or organizational
          document of Purchaser; any mortgage, indenture, deed of trust, loan or
          credit
          agreement or other agreement or instrument to which Purchaser is now a
          party or
          by which it is bound; or any law, ordinance, rule, regulation, order, judgment
          or decree of any governmental authority applicable to Purchaser; or (b)
          result
          in the creation or imposition of any lien, charge or encumbrance upon any
          of the
          properties or assets of Purchaser.

        

        Section
          6.5  Approvals
          and Compliance

        

        Purchaser
          is approved by and in good standing with each Investor or Insurer, as necessary,
          and holds all licenses, approvals, permits and other authorizations required
          under Applicable Requirements to assume responsibility for the related
          Servicing
          Rights.

        
          
            
            

          

          
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        ARTICLE
          VII

        

        CONSENTS

        

        Section
          7.1  Consents

        

        (a) The
          purchase and sale of any Servicing Rights is subject to Seller obtaining
          the
          Consents at its sole expense. Seller shall obtain the Consents prior to
          the Sale
          Date for the related Servicing Rights Package. Purchaser shall cooperate
          with
          Seller in obtaining the Consents and shall timely respond to all reasonable
          requests from the Investor concerning Purchaser and its business operations.
          Seller shall notify Purchaser in writing immediately upon obtaining the
          Consents, and Seller shall provide a copy of the Consents to Purchaser.
          Purchaser shall notify Seller as soon as reasonably practicable whether
          such
          Consents are acceptable to Purchaser in accordance with the definition
          of
          Consent in Article I; if a Consent is not so acceptable to Purchaser, such
          Consent shall not be effective as a Consent for the purposes of this
          Agreement.

        

        (b) If
          Seller
          fails, for any reason, to obtain Consents from the applicable Investor(s)
          and
          Insurer(s) before the applicable date, Purchaser shall have the option,
          in its
          sole and absolute discretion, to (i) exclude the applicable Mortgage Loans
          from
          the related Servicing Rights Package, in which case Seller shall promptly
          reimburse Purchaser for the pro rata portion of the Purchase Price already
          paid,
          if any, by Purchaser with respect to such Servicing Rights Package; or
          (ii)
          immediately upon notice to Seller, terminate this Agreement in its entirety,
          in
          which case Seller shall promptly return to Purchaser any portion of the
          related
          Purchase Price already paid, if any, by Purchaser.

        

        (c) In
          the
          event that this Agreement is terminated in accordance with Section 7.1
          (b), the
          parties shall have no further obligation to one another with respect to
          the
          Servicing Rights, except that (i) Article X and Sections 12.2, 12.3 and
          12. 10
          shall survive any such termination; and (ii) no such termination shall
          relieve
          any party from liability for any willful breach of this Agreement.

        

        (d) Seller
          shall pay for the costs of preparing and recording any powers of attorney
          that
          the Investors may need to execute on or about any related Sale Date in
          accordance with Applicable Requirements.

        

        

        
          
            
            

          

          
            40

            
              

            

          

          
            
            

          

        

        ARTICLE
          VIII

        

        CONDITIONS
          PRECEDENT TO OBLIGATIONS OF PURCHASER

        

        The
          obligations of Purchaser under this Agreement and a Servicing Rights Packages
          are subject to the satisfaction of the following conditions:

        

        Section
          8.1  Compliance
          and Conditions

        

        All
          terms, covenants and conditions of this Agreement required to be complied
          with
          and performed by Seller shall have been duly complied with and performed
          by
          Seller on or before the date specified.

        

        Section
          8.2  Corporate
          Resolution; Corporate Certificate

        

        Purchaser
          shall have received from Seller, on or before the related Sale Date, (a)
          a duly
          executed Certificate of Seller’s Secretary or Assistant Secretary reciting
          Seller’s corporate approval of the transfer and sale of the Servicing Rights to
          Purchaser and authorizing Seller’s officers to execute such documents as may be
          necessary to accomplish the transactions contemplated hereby; and (b) an
          Officer’s Certificate of Seller, in the form of Exhibit
          F,
          including all attachments thereto, stating, among other things, that each
          of
          Seller’s representations and warranties made herein is true and correct in all
          material respects and that all of the terms, covenants and conditions of
          this
          Agreement required to be complied with and performed by Seller at or prior
          to
          the related Sale Date have been duly complied with and performed.

        

        Section
          8.3  Investor
          Agreements

        

        Purchaser
          shall have had the opportunity to review each of the Investor Agreements
          prior
          to the Sale Date of the related Servicing Rights and based upon such review
          decide to decline to purchase any Servicing Rights which comprise a Servicing
          Rights Package. The decision by Purchaser to decline to purchase any Servicing
          Rights Package shall be conveyed to Seller not later than five (5) Business
          Days
          prior to the proposed Sale Date.

        

        Section
          8.4  Opinion
          of Counsel for Seller

        

        Purchaser
          shall have received, on or before the initial Sale Date, an opinion of
          the
          in-house general counsel of Seller (or of a law firm acceptable to Purchaser)
          dated as of the initial Sale Date, in form and substance satisfactory to
          Purchaser in the exercise of its reasonable discretion, to the effect that:
          (a)
          Seller is a corporation, validly existing and in good standing under the
          laws of
          its state of organization; (b) Seller has all requisite corporate or
          organizational power, authority and capacity to enter into this Agreement
          and to
          perform the obligations required of it hereby; (c) the execution and performance
          of this Agreement, Seller’s compliance with the terms hereof and the
          consummation of the transactions contemplated hereby, do not and will not
          conflict with any of the terms of Seller’s Articles of Incorporation or Bylaws
          or any similar corporate or organizational documents of Seller, or, as
          to the
          attorney’s knowledge after Due Inquiry, any material contract or agreement,
          order or decree to which Seller is subject or by which it is bound; (d)
          this
          Agreement has been duly executed by Seller and each is the valid and legally
          binding obligation of Seller enforceable against Seller in accordance with
          its
          terms, subject to bankruptcy, insolvency and similar laws affecting generally
          the enforcement of creditor’s rights and the discretion of a court to grant
          specific performance of contracts; and (e) to the knowledge of such counsel,
          after Due Inquiry, there is no litigation proceeding or governmental
          investigation existing, pending or threatened, or any order, injunction
          or
          decree outstanding against or relating to Seller that is reasonably expected
          to
          have a material adverse effect upon the Servicing Rights.

        
          
            
            

          

          
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        Section
          8.5  Correctness
          of Representations and Warranties

        

        The
          representations and warranties made by Seller in this Agreement or in any
          document prepared and furnished by or on behalf of Seller in connection
          herewith
          are true and correct in all material respects as of the related Sale
          Date.

        

        Section
          8.6  Litigation
          or Administrative Action

        

        As
          of the
          related Sale Date, there shall not have been commenced or, to the knowledge
          of
          either party hereto, threatened, any action, suit or proceeding that enjoins,
          or
          is likely to adversely affect in any material respect, the consummation
          of the
          transactions contemplated hereby.

        

        Section
          8.7  Investor
          Consents

        

        As
          of the
          related Sale Date, Purchaser shall have received the applicable Investor
          Consents as required by Article VII.

        

        Section
          8.8  Investor
          Agreements

        

        As
          of the
          related Sale Date, the applicable Investor Agreements shall be in full
          force and
          effect.

        

        

        
          
            
            

          

          
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        ARTICLE
          IX

        

        CONDITIONS
          PRECEDENT TO OBLIGATIONS OF SELLER

        

        The
          obligations of Seller under this Agreement are subject to the satisfaction
          of
          the following conditions:

        

        Section
          9.1  Compliance
          with Conditions

        

        All
          terms, conditions and covenants of this Agreement required to be complied
          with
          and performed by Purchaser shall have been duly complied with and performed
          by
          Purchaser in all material respects on or before the date specified.

        

        Section
          9.2  Corporate
          Resolution; Corporate Certificate

        

        Seller
          shall have received from Purchaser, on or before the related Sale Date,
          (a) a
          duly executed Certificate of Purchaser’s Secretary or Assistant Secretary
          reciting the corporate approval by Purchaser of the assumption and purchase
          from
          Seller of the Servicing Rights and authorizing Purchaser’s officers to execute
          such documents as may be necessary to carry out the transactions contemplated
          hereby; and (b) an Officer’s Certificate of Purchaser, including all attachments
          thereto, stating, among other things, that each of Purchaser’s representations
          and warranties made herein is true and correct in all material respects
          and that
          all of the terms, covenants and conditions of this Agreement required to
          be
          complied with and performed by Purchaser at or prior to the related Sale
          Date
          have been duly complied with and performed.

        

        Section
          9.3  Correctness
          of Representations and Warranties

        

        The
          representations and warranties made by Purchaser in this Agreement or in
          any
          document prepared and furnished by or on behalf of Purchaser in connection
          herewith are true and correct in all material respects as of the related
          Sale
          Date.

        

        Section
          9.4  Investor
          Consents

        

        As
          of the
          related Sale Date, Seller shall have received the Investor Consents as
          required
          by Article VII.

        

        Section
          9.5  Opinion
          of Counsel for Purchaser

        

        Seller
          shall have received, on or before the initial Sale Date, an opinion of
          the
          in-house general counsel of the general partner of Purchaser (or of a law
          firm
          acceptable to Seller) dated as of the initial Sale Date, in form and substance
          satisfactory to Seller in the exercise of its reasonable discretion, to
          the
          effect that: (a) Purchaser is a limited partnership, validly existing and
          in
          good standing under the laws of its state of organization; (b) Purchaser
          has all
          requisite organizational power, authority and capacity to enter into this
          Agreement and to perform the obligations required of it hereby; (c) the
          execution and performance of this Agreement, Purchaser’s compliance with the
          terms hereof and the consummation of the transactions contemplated hereby,
          do
          not and will not conflict with any of the terms of Purchaser’s Organization
          Documentation Partnership Agreement or any similar corporate or organizational
          documents of Purchaser, or, as to the attorney’s knowledge after Due Inquiry,
          any material contract or agreement, order or decree to which Purchaser
          is
          subject or by which it is bound; (d) this Agreement has been duly executed
          by
          Purchaser and is the valid and legally binding obligation of Purchaser
          enforceable against Purchaser in accordance with its terms, subject to
          bankruptcy, insolvency and similar laws affecting generally the enforcement
          of
          creditor’s rights and the discretion of a court to grant specific performance of
          contracts; and (e) to the knowledge of such counsel, after Due Inquiry,
          there is
          no litigation proceeding or governmental investigation existing, pending
          or
          threatened, or any order, injunction or decree outstanding against or relating
          to Purchaser that (i) is reasonably expected to have a Material adverse
          effect
          upon the Servicing Rights, and (ii) has not been disclosed by Purchaser
          to
          Seller on Schedule
          5.12.

        
          
            
            

          

          
            43

            
              

            

          

          
            
            

          

        

        

        Section
          9.6  Litigation
          or Administrative Action

        

        As
          of the
          related Sale Date, there shall not have been commenced or, to the knowledge
          of
          either party hereto, threatened, any action, suit or proceeding that enjoins,
          or
          is likely to adversely affect in any material respect, the consummation
          of the
          transactions contemplated hereby.

        

        

        
          
            
            

          

          
            44

            
              

            

          

          
            
            

          

        

        ARTICLE
          X

        

        INDEMNIFICATION;
          THIRD PARTY CLAIMS

        

        Section
          10.1  Indemnification
          of Purchaser

        

        Seller
          shall indemnify and hold Purchaser, its Affiliates, and their respective
          officers, directors, employees and agents (the “Purchaser Indemnified Parties”)
          harmless from, and will reimburse the Purchaser Indemnified Parties for,
          any and
          all Losses incurred by any of them to the extent that such Losses result
          from,
          are caused by or arise out of any one or more of the following:

        

        (a) Any
          misrepresentations made by Seller in this Agreement or in any Schedule,
          Exhibit
          or certificate furnished pursuant hereto;

        

        (b) Any
          breach of any of the representations and warranties of Seller or the
          nonfulfillment of any term, covenant, condition, agreement or obligation
          of
          Seller set forth in this Agreement or in any Schedule, statement, Exhibit
          or
          certificate furnished pursuant hereto, or any default or failure to perform
          by
          Seller hereunder;

        

        (c) Any
          defect in any Mortgage Loan existing as of the related Sale Date (including
          those defects subsequently discovered) resulting from any act or omission
          of
          Seller, any Originator or any Prior Servicer, or any employee, agent or
          representative acting on their behalf, other than Purchaser or any employee,
          agent, or representative of Purchaser;

        

        (d) Any
          fraud
          on the part of any Person in the origination of a Mortgage Loan;

        

        (e) Any
          liabilities or obligations, contingent or otherwise, of Seller or any of
          its
          Affiliates, of any nature whatsoever (other than those specifically assumed
          by
          Purchaser under this Agreement); or

        

        (f) Any
          acts
          or failures to act that constitute a practice or course of conduct of Seller
          with respect to the Servicing Rights existing on the related Sale Date
          and
          continued by Purchaser after such date (including, without limitation,
          any
          practices with respect to the Related Escrow Accounts, flood insurance,
          or late
          charges, finance charges or other fees or charges of Seller that were in
          place
          on any such date); provided
          that
          Purchaser’s continuation of such acts or practices occurred during the period
          ending 12 months after the related Sale Date and Purchaser in its reasonable
          good faith judgment did not know that such acts or practices were not in
          accordance with Applicable Requirements.

        

        The
          indemnity provided in this Section 10.1 shall remain in full force and
          effect
          regardless of any investigation made by Purchaser or its representatives.
          Further, for purposes of indemnification under this Section 10.1, a breach
          or
          inaccuracy of a representation or warranty contained in this Agreement
          shall be
          deemed to occur or exist either if such representation or warranty is actually
          inaccurate or breached or if such representation or warranty would have
          been so
          breached or inaccurate if such representation or warranty had not contained
          any
          limitation or qualification as to materiality, material adverse effect,
          material
          adverse change or knowledge (it being the intention of the parties hereto
          that
          the Purchaser Indemnified Parties shall be indemnified and held harmless
          from
          and against any and all Losses resulting from, arising out of or relating
          to the
          failure of any such representation or warranty to be true, correct and
          complete
          in any respect, determined in each case without regard to materiality,
          material
          adverse effect, material adverse change or knowledge.)

        
          
            
            

          

          
            45

            
              

            

          

          
            
            

          

        

        

        Section
          10.2  Repurchase
          of Servicing Rights

        

        (a) In
          the
          event that there exists a basis to demand indemnification under Section
          10.1
          that materially and adversely affects the value or marketability of the
          related
          Servicing Rights, Purchaser shall provide Seller with a written notice
          (a “Claim
          Notice”) identifying the basis for the repurchase request or indemnification
          demand. If Seller fails to cure the same within thirty (30) calendar days
          (or
          such lesser time as may be required by an Investor, Insurer or third party
          claimant) from the date Purchaser provides the Claim Notice to Seller,
          upon
          Purchaser’s demand, in addition to any other rights and remedies that Purchaser
          may have hereunder, at law or in equity (but subject to any limitations
          of the
          applicable Investor), Seller shall repurchase the applicable Servicing
          Rights
          from Purchaser. The purchase price for any Servicing Rights repurchased
          pursuant
          hereto shall be the Reimbursement Amount.

        

        (b) When
          Seller is required to make a repurchase under Section 10.2(a), such repurchase
          shall be accomplished by wire transfer within five (5) Business Days following
          Seller’s receipt of a written demand from Purchaser pursuant hereto (or such
          lesser time as may be required by an Investor). Upon completion of such
          repurchase by Seller, Purchaser shall forward to Seller all servicing records
          and all documents in Purchaser’s possession relating to the subject of such
          repurchase.

        

        Section
          10.3  Termination
          of Purchaser as Primary Servicer

        

        Seller
          shall have the right to terminate Purchaser as primary servicer of the
          Mortgage
          Loans with or without cause. In the event that Purchaser is terminated
          as
          primary servicer of any Mortgage Loan for any reason, other than for cause
          as
          provided under the Guide, Purchaser shall be entitled to a termination
          fee for
          each such terminated Mortgage Loan in an amount equal to the sum of (a)
          the
          outstanding unpaid principal balance of the Mortgage Loan as of the date
          of
          repurchase, multiplied by 125% of the Purchase Price Percentage; (b) the
          amount
          of any outstanding Advances related to the applicable Mortgage Loan made
          by
          Purchaser from its own funds; and (c) any Losses incurred by Purchaser
          through
          the date of repurchase in connection with the applicable Servicing Rights
          and
          not previously reimbursed pursuant to any provisions of this Agreement,
          any
          Investor Agreement or otherwise by Seller.

        

        Section
          10.4  Indemnification
          of Seller

        

        Purchaser
          shall indemnify and hold Seller, its Affiliates, and their respective officers,
          directors, employees and agents (the “Seller Indemnified Parties”) harmless
          from, and will reimburse the Seller Indemnified Parties for, any and all
          Losses
          incurred by any of them to the extent that such Losses result from, are
          caused
          by or arise out of any one or more of the following:

        
          
            
            

          

          
            46

            
              

            

          

          
            
            

          

        

        

        (a) Any
          misrepresentations made by Purchaser in this Agreement, or in any Schedule,
          Exhibit or Certificate furnished pursuant hereto; or

        

        (b) Any
          breach of any of the representations and warranties of Purchaser or the
          nonfulfillment of any term, covenant, condition, agreement or obligation
          of
          Purchaser set forth in this Agreement, or in any Schedule, statement, Exhibit
          certificate furnished pursuant hereto, or any default or failure to perform
          by
          Purchaser under this Agreement.

        

        The
          indemnity provided in this Section 10.3 shall remain in full force and
          effect
          regardless of any investigation made by Seller or its representatives.
          Further,
          for purposes of indemnification under this Section 10.3, a breach or inaccuracy
          of a representation or warranty contained in this Agreement shall be deemed
          to
          occur or exist either if such representation or warranty is actually inaccurate
          or breached or if such representation or warranty would have been so breached
          or
          inaccurate if such representation or warranty had not contained any limitation
          or qualification as to materiality, material adverse effect, material adverse
          change or knowledge (it being the intention of the parties hereto that
          the
          Seller Indemnified Parties shall be indemnified and held harmless from
          and
          against any and all Losses resulting from, arising out of or relating to
          the
          failure of any such representation or warranty to be true, correct and
          complete
          in any respect, determined in each case without regard to materiality,
          material
          adverse effect, material adverse change or knowledge).

        

        Section
          10.5  Notice
          and Settlement of Claims

        

        (a) In
          the
          event that any party to this Agreement becomes aware of any material fact
          giving
          rise to any obligation of the other party under this Article X, including,
          without limitation, any claim or any litigation brought by a third party
          which
          may give rise to any such obligation, such party shall as promptly as reasonably
          possible provide the other party with a Claim Notice describing the
          same.

        

        (b) The
          indemnifying party (the “Indemnifying Party”) may, at its own cost and expense,
          assume the defense of any claim, suit, action or proceeding, provided that
          the
          counsel is satisfactory to the indemnified party (the “Indemnified Party”) in
          the exercise of its reasonable discretion. The party not controlling the
          defense
          or prosecution of any such claim, suit, action or proceeding may participate
          at
          its own cost and expense. Notwithstanding the foregoing, the Indemnified
          Party
          may assume the defense or prosecution of any such claim, suit, demand or
          proceeding if it reasonably believes that such assumption is necessary
          or
          appropriate to assure that its right or ability to service a material portion
          of
          its mortgage loans and servicing rights (including the Mortgage Loans or
          Servicing Rights) or its method of doing business or its authority and
          approvals
          to service or its reputation, goodwill, financial condition or business
          are not
          materially impaired (hereinafter referred to as a “Non-Assumable
          Claim”).

        

        
          
            
            

          

          
            47

            
              

            

          

          
            
            

          

        

        (c) Neither
          the Indemnifying Party nor the Indemnified Party shall be entitled to settle,
          compromise, decline to appeal, or otherwise dispose of any claim, suit,
          action
          or proceeding involving more than $5,000 without the consent of the other
          party
          (which consent shall not be unreasonably withheld or delayed), but which
          consent
          may be withheld by the Indemnified Party for the same reasons that would
          entitle
          the Indemnified Party to assume the defense or prosecution of any claim,
          suit,
          action or proceeding.

        

        (d) Following
          the discharge of the Indemnifying Party’s obligations under this Article X, the
          Indemnified Party shall assign to the Indemnifying Party any and all related
          claims against third parties. If the Indemnifying Party fails to discharge
          its
          obligations under this Article X, the Indemnified Party shall be entitled
          (but
          not obligated) to pursue (as the assignee of the Indemnifying Party) any
          and all
          claims against third parties which the Indemnifying Party otherwise would
          have
          the night to pursue, including, but not limited to, claims against loan
          correspondents. Within fifteen (15) days after receipt, the Indemnified
          Party
          shall refund to the Indemnifying Party the amounts of all recoveries the
          Indemnified Party received from third parties with respect to any claim
          for
          which the Indemnified Party was reimbursed for its Losses.

        

        (e) Following
          the receipt of written notice from the Indemnified Party of a demand for
          indemnification, the Indemnifying Party shall seek to cure the problem
          giving
          rise to the demand, if possible, without any actual or contingent liability
          of
          the Indemnified Party, and pay the amount for which it is liable, or otherwise
          take the actions which it is required to take within thirty (30) days or
          such
          lesser time as may be required by an Investor, Insurer or third-party
          claimant.

        

        Section
          10.6  Litigation
          of Third Party Claims

        

        
          
            
            

          

          
            48

            
              

            

          

          
            
            

          

        

        Notwithstanding
          anything to the contrary in this Agreement or the Guide, Servicer shall
          not be
          under any obligation to appear in, prosecute or defend any legal action
          which is
          not incidental to its duties to service the Mortgage Loans in accordance
          with
          this Agreement and the Guide, including without limitation, any actions based
          upon any claim or allegation that either a) the origination or underwriting
          of
          the Mortgage Loan, or b) the servicing of the Mortgage Loan prior to the
          transfer of the primary servicing to Purchaser hereunder, violated applicable
          laws, statutes or regulations and which in Purchaser’s opinion may involve it in
          any expenses or liability, unless Purchaser receives adequate assurances
          from
          Seller that it will be reimbursed the costs and expenses it incurs in
          prosecuting or defending such actions. In such event, the legal expenses
          and
          costs of such action and any liability resulting therefrom shall be recovered
          by
          Purchaser first
          from any
          collections received on account of the Mortgage Loan, including without
          limitation, the proceeds of any insurance policy or any liquidation, foreclosure
          or other disposition of the related Mortgage Property; and to the extend
          such
          collections are insufficient to reimburse Seller or such amounts cannot
          otherwise be recovered from the Mortgage Loan or the related Mortgagor,
          second
          from
          collections received on account on Mortgage Loans in the related Servicing
          Rights Package; and to the extend that such collections are insufficient
          to
          reimburse Seller or cannot otherwise be covered from collections received
          on
          account of the Mortgage Loans in the related Servicing Rights package,
          third
          from
          Seller. Any amounts billed to Seller shall be paid within thirty (30) days
          of
          Seller’s receipt of an invoice from Purchaser detailing the costs and expenses
          incurred by Purchase pursuant to this Section 10.6 and not otherwise reimbursed
          to Purchaser. Purchaser shall provide Seller with notice of any claim or
          any
          litigation brought by a third party as promptly as reasonably possible
          after
          learning of the same.

        
          
            
            

          

          
            49

            
              

            

          

          
            
            

          

        

        ARTICLE
          XI

        

        TERM

        

        Section
          11.1  Term

        

        Except
          as
          expressly provided otherwise herein, the term of this Agreement shall expire
          on
          January 31, 2003 (the “Termination Date”). Each of the parties shall perform
          their respective duties and obligations on or prior to the Termination
          Date,
          including without limitation, with respect to Seller, the delivery of the
          Mandatory Delivery Amount to Purchaser.

        

        

        
          
            
            

          

          
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        ARTICLE
          XII

        

        MISCELLANEOUS

        

        Section
          12.1  Supplementary
          Information

        

        From
          time
          to time prior to and after the related Sale Date, Seller shall furnish
          to
          Purchaser such information supplementary to the information contained in
          the
          documents and schedules delivered pursuant hereto which is reasonably available
          to Seller as Purchaser may reasonably request in writing and/or which may
          be
          necessary to enable Purchaser to file any reports or respond to Mortgagor
          or
          Investor inquiries in connection with the Mortgage Loans or Servicing Rights.
          Purchaser shall reimburse Seller for Seller’s actual, reasonable, and
          out-of-pocket costs in connection with furnishing such information.

        

        Section
          12.2  Access
          to Information; Confidentiality

        

        (a) Seller
          shall allow Purchaser and its Affiliates, directors, officers, employees,
          agents
          and authorized representatives (collectively, “Purchaser’s Representatives”),
          reasonable access, during normal business hours, and upon prior written
          notice
          of not less than two (2) Business Days in advance, throughout the period
          prior
          to the related Sale Date, to all of Seller’s files, books and records relating
          to the Servicing Rights, the Mortgage Loans, Custodial Accounts, Related
          Escrow
          Accounts and Advances. Purchaser agrees that it shall make reasonable efforts
          to
          minimize any disruption caused thereby to Seller’s conduct of its business. If
          the transactions contemplated by this Agreement are not consummated, Purchaser
          shall return on demand any information or documents provided to it by Seller
          in
          accordance with this Section 12.2(a).

        

        (b) Purchaser
          shall, and shall cause Purchaser’s Representatives to, hold in confidence and
          not disclose to any third party without Seller’s prior written consent, all
          information relating to Seller received by Purchaser and/or Purchaser’s
          Representatives in connection with the transactions contemplated herein,
          other
          than information (i) received by Purchaser or Purchaser’s Representatives on a
          non-confidential basis from a third party having a right to make such
          disclosure; (ii) that is or becomes generally available to the public (except
          as
          a result of a disclosure in violation of this Agreement); or (iii) is required
          to be disclosed by law or regulatory or judicial process, as evidenced
          by an
          opinion of counsel reasonably acceptable to Seller.

        

        (c) Seller
          shall, and shall cause its Affiliates, directors, officers, employees,
          agents
          and authorized representatives (collectively, “Seller’s Representatives”) to,
          hold in confidence and not disclose to any third party without Purchaser’s prior
          written consent, all information relating to Purchaser received by Seller
          and/or
          Seller’s Representatives in connection with the transactions contemplated
          herein, other than information (i) received by Seller or Seller’s
          Representatives on a non-confidential basis from a third party having a
          right to
          make such disclosure; (ii) that is or becomes generally available to the
          public
          (except as a result of a disclosure in violation of this Agreement); (iii)
          is
          required to be disclosed by law or regulatory or judicial process; or (iv)
          required to be disclosed to the Investors under the applicable Investor
          Agreement.

        
          
            
            

          

          
            51

            
              

            

          

          
            
            

          

        

        

        (d) This
          Section 12.2 shall survive any termination of this Agreement.

        

        Section
          12.3  No
          Broker’s Fees

        

        Each
          party hereto represents and warrants to the other that it has made no agreement
          to pay any agent, finder, or broker or any other representative, any fee
          or
          commission in the nature of a finder’s or broker’s fee arising out of or in
          connection with the subject matter of this Agreement. The parties hereto
          covenant with each other and agree to indemnify and hold each other harmless
          from and against any such obligation or liability and any Losses incurred
          by the
          other in investigating or defending any claim based upon the other party’s
          actions under this Section. This Section 12.3 shall survive any termination
          of
          this Agreement.

        

        Section
          12.4  Further
          Assurances

        

        Seller
          and Purchaser shall, at any time and from time to time, promptly, upon
          the
          reasonable request of the other or the other’s representatives, execute,
          acknowledge, deliver and/or perform all such further acts, deeds, assignments,
          transfers, conveyances, and assurances as may be reasonably required for
          the
          better vesting and confirming to Purchaser (and its successors and assigns)
          of
          title to the Servicing Rights or as shall be necessary to effect the
          transactions provided for in this Agreement. Purchaser and Seller shall
          cooperate in good faith to consummate the transactions contemplated by
          this
          Agreement.

        

        Section
          12.5  No
          Solicitation by Seller

        

        From
          and
          after the related Sale Date, neither Seller nor any of its Affiliates shall
          specifically target and solicit, by means of direct mail, telephone or
          personal
          solicitation, the Mortgagors of any of the Mortgage Loans (a) for purposes
          of
          prepayment or refinance or modification of such Mortgage Loans; or (b)
          for any
          financial services or products, including, but not limited to, (i) checking
          and
          savings accounts, certificates of deposit, safe deposit boxes, automatic
          teller
          machines, second mortgage loans, equity source accounts, personal loans
          and
          credit cards, and (ii) ordinary life, ordinary health, credit life, credit
          health, credit unemployment and any other forms of group or individual
          insurance
          coverages; it being understood and agreed that all rights and benefits
          relating
          to the direct solicitation of such Mortgagors and all attendant right,
          title and
          interest in and to the list of such Mortgagors and data relating to their
          Mortgage Loans (including insurance renewal dates), subject in all events
          to the
          terms of the Investor Agreements, shall be transferred to Purchaser pursuant
          hereto on the related Sale Date, and Seller shall take no action after
          the
          related Sale Date to undermine such rights and benefits. Notwithstanding
          the
          foregoing, the following solicitations, if undertaken by Seller or any
          Affiliate
          of Seller, shall not be prohibited under this Section 12.5: (i) solicitations
          that are directed to the general public at large, including, without limitation,
          mass mailings based on commercially acquired mailing lists and newspaper,
          radio,
          television and other mass media advertisements; or (ii) solicitations made
          in
          response to an inquiry from a mortgagor relating to a payoff or information
          pertaining to a mortgage loan or other product.

        
          
            
            

          

          
            52

            
              

            

          

          
            
            

          

        

        

        Section
          12.6  No
          Solicitation by Purchaser

        

        Neither
          Purchaser nor any of its Affiliates shall specifically target and solicit,
          by
          means of direct mail or telephonic or personal solicitation or by any other
          means, the Mortgagors to prepay the Mortgage Loans. Notwithstanding the
          foregoing, the following solicitations, if undertaken by Purchaser or any
          Affiliate of Purchaser, shall not be prohibited under this Section 12.6:
          (i)
          solicitations that are directed to the general public at large, including,
          without limitation, mass mailings based on commercially acquired mailing
          lists
          and newspaper, radio, television and other mass media advertisements; (ii)
          borrower messages included on, and statement inserts provided with the
          monthly
          statements sent to the Mortgagors; provided, however, that similar messages
          and
          inserts are sent to the borrowers of other mortgage loans serviced by Purchaser;
          (iii) solicitations made in response to an inquiry from a mortgagor relating
          to
          a payoff or information pertaining to a mortgage loan product; and (iv)
          solicitations made as a part of a campaign directed to mortgagors with
          mortgage
          loans meeting certain defined parameters (other than parameters relating
          to the
          Mortgagors or Mortgage Loans specifically). For purposes of this Section
          12.6,
          IndyMac, Inc. shall not be considered an Affiliate of Purchaser, provided,
          however, that Purchaser shall not disclose, take any action or cause any
          action
          to be taken which would provide any information regarding the Mortgagors
          or the
          Mortgage Loans to IndyMac, Inc. In addition, Purchaser agrees that it will
          not
          create a list of lenders from whom Seller purchased any of the Mortgage
          Loans
          for the purpose of soliciting such lenders for business.

        

        Section
          12.7  Survival

        

        Except
          as
          otherwise provided herein, all representations, warranties, covenants,
          indemnities and other agreements of the parties set forth herein or in
          any
          Exhibit, Schedule, Certificate or other document delivered pursuant hereto
          that
          contemplate performance or observance subsequent to the termination or
          expiration of this Agreement shall survive the termination or expiration
          of this
          Agreement.

        

        Section
          12.8  Governmental
          Authorities; Laws and Severability

        

        The
          terms
          and provisions of this Agreement are expressly made subject to applicable
          federal and state statutes, laws, and rules and regulations promulgated
          hereunder, as amended from time to time, and the acts and actions of the
          Investors and Insurers and their respective rules and regulations, as amended
          from time to time. Any rule, regulation or administrative policy of any
          government agency having jurisdiction that relates to the transfer of the
          Servicing Rights to Purchaser in effect on any related Sale Date shall
          be deemed
          to be incorporated herein, and shall supersede the terms of this Agreement,
          unless such incorporation shall materially impair the contemplated benefits
          to
          be received by the parties pursuant to this Agreement, in which event the
          parties shall renegotiate the terms and conditions hereof to reflect a
          fair
          allocation of the economic benefits contemplated hereby. In the event any
          provision of this Agreement is deemed by a court of competent jurisdiction
          to be
          in violation of any of the above, such provision shall be of no force or
          effect,
          and this Agreement shall continue as though such superseded provision were
          not
          contained in this Agreement.

        
          
            
            

          

          
            53

            
              

            

          

          
            
            

          

        

        

        Section
          12.9  Form
          of Payment to be Made

        

        Unless
          otherwise provided herein or agreed to in writing by the parties, all payments
          contemplated herein shall be made by wiring immediately available funds
          to the
          account designated by Seller or Purchaser, as applicable.

        

        Section
          12.10  Assignability

        

        Seller
          shall not assign this Agreement or any of its rights hereunder, nor delegate
          any
          material duty hereunder without the prior written consent of Purchaser,
          which
          such consent may be withheld in Purchaser’s sole and absolute discretion.
          Purchaser shall not assign this Agreement prior to its payment of the Purchase
          Price and thereafter, subject to the terms of the Investor Agreements and
          any
          required Consents.

        

        Section
          12.11  Payment
          of Costs

        

        Seller
          shall be responsible for all costs associated with its preparation of materials
          required by Purchaser under the terms of this Agreement, as well as all
          transfer
          and recording fees, costs with respect to delivery of the Servicing Files
          and
          other mortgage servicing records relating to the Mortgage Loans and other
          related costs incurred by Seller in its performance of its obligations
          under
          this Agreement, together with fees of Seller’s attorneys and accountants.
          Purchaser shall pay all data processing costs incurred by Purchaser in
          connection with this Agreement and other related costs of Purchaser in
          its
          performance of its obligations hereunder, together with the fees of Purchaser’s
          attorneys and accountants. This Section 12.11 shall survive any termination
          of
          this Agreement.

        

        Section
          12.12  Notices

        

        All
          notices, requests, demands and other communications that are required or
          permitted to be given under this Agreement shall be in writing and shall
          be
          deemed given if delivered personally, transmitted by facsimile (and
          telephonically confirmed), mailed by registered or certified mail, return
          receipt requested, or sent by commercial overnight courier to the other
          party at
          the following address:

        

        (a) If
          to
          Purchaser, to:

        

        Countrywide
          Homes Loans Servicing LP

        
          	 	 	
                  4500
                    Park Granada

                

        

        
          	 	 	
                  Calabasas,
                    California 91302

                

        

        Attention:
          Michael Schloessmann 

         

        
          
            
            

          

          
            54

            
              

            

          

          
            
            

          

        

        (b) If
          to
          Seller, to:

        

        Impac
          Funding Corporation

        1401
          Dove
          Street

        Newport
          Beach, CA 92660

        Attention:
          Ron Morrison, General Counsel

        

        or
          to
          such other address as Purchaser or Seller shall have specified in writing
          to the
          other. All such notices or other communications shall be deemed to have
          been
          received (i) on the date of personal delivery or facsimile transmission
          (with
          telephone confirmation); (ii) on the third (3rd)
          Business Day after being mailed by registered or certified mail; and (iii)
          on
          the next Business Day after being sent via commercial overnight
          courier.

        

        Section
          12.13  Entire
          Agreement

        

        Upon
          its
          execution by the parties, this Agreement shall supercede and otherwise
          replace
          the Existing Agreement. Except expressly provided herein. This Agreement
          constitutes the entire agreement between the parties with respect to the
          subject
          matter hereof. No amendments, modifications or supplements of this Agreement
          shall be binding unless executed in writing by the parties hereto.

        

        Section
          12.14  Binding
          Effect

        

        This
          Agreement shall inure to the benefit of and be binding upon the parties
          hereto
          and their respective successors and permitted assigns.

        

        Section
          12.15  Interpretive
          Principles

        

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

        

        (a) All
          Section, Article, Exhibit and Schedule references used herein refer to
          Sections,
          Articles, Schedules and Exhibits of this Agreement. The Schedules and Exhibits
          are part of this Agreement. All Section, Article, Exhibit and Schedule
          headings
          used herein are for reference purposes only and shall not be deemed to
          have any
          substantive effect.

        

        (b) Singular
          terms shall include the plural, and plural terms shall include the
          singular.

        

        (c) Accounting
          terms not otherwise defined herein shall have the meanings assigned to
          them in
          accordance with generally accepted accounting principles.

        

        (d) The
          words
“herein,” “hereof,” “hereunder” and other words of similar import refer to this
          Agreement as a whole and not to any particular provisions.

        

        
          
            
            

          

          
            55

            
              

            

          

          
            
            

          

        

        Section
          12.16  Applicable
          Law

        

        This
          Agreement shall be construed in accordance with the laws of the State of
          New
          York.

        

        Section
          12.17  Counterparts

        

        This
          Agreement may be executed in any number of counterparts, all of which,
          taken
          together, shall constitute one and the same Agreement.

        

        Section
          12.18  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. The waiver by either party hereto
          of a
          breach of any provision of this Agreement shall not operate or be construed
          as a
          waiver of any other or subsequent breach.

        

        Section
          12.19  Publicity

        

        Except
          as
          required by applicable law, neither party hereto shall issue a press release
          or
          similar announcement or communication relating to this Agreement or the
          transactions contemplated herein using the other party’s name without such other
          party’s prior written consent.

        

        Section
          12.20  No
          Third Party Beneficiaries

        

        Except
          as
          expressly provided herein, nothing in this Agreement is intended to confer
          any
          right, remedy, obligation or liability upon any Person other than the parties
          hereto and their respective successors and permitted assigns.

        

        Section
          12.21  Time
          of the Essence

        

        Time
          is
          of the essence in the performance of the obligations stated in this
          Agreement.

        
          
            
            

          

          
            56

            
              

            

          

          
            
            

          

        

        

        IN
          WITNESS WHEREOF,
          each of
          the undersigned parties has caused this Servicing Rights Purchase and Sale
          Agreement to be duly executed by a duly authorized representative, all
          as of the
          date first written above.

        

        “PURCHASER”

        Countrywide
          Home Loans Servicing LP

        

        By:      

        Name:
          

        Title:
          

        

        “SELLER”

        Impac
          Funding Corporation

        

        By:      

        Name:
          Lisa Duehring

        Title:
          Senior Vice President

        

        
          
            
            

          

          
            57

            
              

            

          

          
            
            

          

        

        Exhibit
          A

        

        PURCHASE
          PRICE PERCENTAGE TABLES

        
          
            
            

          

          
            58

            
              

            

          

          
            
            

          

        

        Exhibit
          B

        

        Pricing
          Letter Exhibit

        
          
            
            

          

          
            59

            
              

            

          

          
            
            

          

        

        Exhibit
          C

        

        Transfer
          Instructions

        
          
            
            

          

          
            60

            
              

            

          

          
            
            

          

        

        Exhibit
          D

        

        List
          of Investor Agreements

        
          
            
            

          

          
            61

            
              

            

          

          
            
            

          

        

        Exhibit
          E

        

        List
          of Documents in Servicing File

        

        The
          documents listed below are expected to be delivered as part of the Servicing
          File, or separately, as indicated below.

        

        
          	 DOCUMENTS
                  IN SERVICING FILE:	 	
                  DELIVERED
                    SEPARATELY FROM FILES:

                
	 	 	 	 
	 	 	 	
                  Payment
                    History

                
	 	 	 	
                  Notice
                    to Primary Insurers

                
	 	 	 	
                  Notice
                    to Hazard Insurers

                
	 	 	 	
                  Notice
                    to Flood Insurers

                
	 	 	 	
                  Notice
                    to Earthquake Insurers

                
	 	 	 	
                  Notice
                    to Lessor, if leasehold

                
	 	 	 	
                  Notice
                    to Tax Servicer

                
	 	 	 	
                  Assignment
                    (Seller to Purchaser)

                
	 	 	 	
                  Original
                    Assignment (Purchaser to the

                
	 	 	 	
                  applicable
                    Agency

                
	 	 	 	
                  Goodbye
                    Letter to borrower (sample)

                
	 	 	 	 

        

        

        * Original
          in Custodial File

        ** If
          Applicable

        
          
            
            

          

          
            62

            
              

            

          

          
            
            

          

        

        Exhibit
          F

        

        Form
          of Officer’s Certificate

        
          
            
            

          

          
            63

            
              

            

          

          
            
            

          

        

        Exhibit
          G

        

        Bill
          of Sale

        

        

        On
          this
          ___ day of ___________, ____, Impac Funding Corporation ("Assignor") does
          hereby
          sell, transfer, assign, set over and convey to Countrywide Home Loans Servicing
          LP, without recourse, all of the right, title and interest of the Assignor
          in
          and to the Servicing Rights attributable to the mortgage loans identified
          on the
          Mortgage Loan Schedule attached hereto as Exhibit One (the "Mortgage
          Loans").

        

        Capitalized
          terms used herein but not otherwise defined shall have the meanings provided
          in
          the Servicing Rights Purchase and Sale Agreement, dated as of the, ____
          day of
          _________, ____, by and between Countrywide Home Loans Servicing LP and
          the
          Assignor.

        

        This
          Bill
          of Sale shall be governed by, and construed in accordance with, the laws
          of the
          State of New York.

        

        

        IMPAC
          FUNDING CORPORATION 

        

        

        By:      

        Name:      

        Title:      

        

        
          
            
            

          

          
            64

            
              

            

          

          
            
            

          

        

        Exhibit
          H

        

        Form
          of Pricing Letter

        

        [IMPAC
          FUNDING CORPORATION LETTERHEAD]

        

        [Date]

        

        

        Countrywide
          Home Loans Servicing LP

        4500
          Park
          Granada

        Calabasas,
          California 91302

        Attn:
          Michael Schloessmann

        

        Re:    Pricing
          Letter

        

        Gentlemen
          and Ladies:

        

        This
          letter agreement (the "Pricing Letter") between Countrywide Home Loans
          Servicing
          LP (“Countrywide”) and Impac Funding Corporation (the "Seller") sets forth our
          agreement pursuant to which Seller is selling, and Countrywide is purchasing,
          the right to service those certain mortgage loans identified in the Mortgage
          Loan Schedule attached hereto and more particularly described herein (the
          “Mortgage Loans”). 

        

        The
          sale
          and servicing of the Mortgage Loans as contemplated herein shall be governed
          by
          that certain Servicing Rights Purchase and Sale Agreement dated as of January
          1,
          2000, between Countrywide and Seller (as such may be amended from time
          to time,
          the “Agreement”).

        

        All
          exhibits hereto are incorporated herein in their entirety. In the event
          there
          exists any inconsistency between the Agreement and this Pricing Letter,
          the
          latter shall be controlling notwithstanding anything contained in the Agreement
          to the contrary. All capitalized terms used herein and not otherwise defined
          herein shall have the meanings assigned to such terms in the
          Agreement.

        

        1. Assignment
          and Conveyance of Servicing Rights.
          Upon
          Countrywide’s payment of the Purchase Price in accordance with Article 3 of the
          Agreement, Seller shall sell, transfer, assign and convey to Countrywide,
          subject to the terms of this Pricing Letter and the Agreement, all of the
          right,
          title and interest of Seller in and to the Servicing Rights to the Mortgage
          Loans. Each Mortgage Loan shall be serviced by Countrywide pursuant to
          the terms
          of the Agreement.

        

        2. Defined
          Terms.
          As used
          in the Agreement, the following defined terms shall have meanings set forth
          below.

        
          
            
            

          

          
            65

            
              

            

          

          
            
            

          

        

        

        
          	
                  (i)

                	
                  Sale
                    Date:
                    [DATE].

                

        

        

        
          	
                  (ii)

                	
                  Cut-off
                    Date:
                    [DATE], or such date mutually agreed to by the
                    parties.

                

        

        

        
          	
                  (iii)

                	
                  Cut-off
                    Date Balance:
                    $________________.

                

        

        

        
          	
                  (iv)

                	
                  Transfer
                    Date:
                    [DATE], or such mutually agreed to by the
                    parties.

                

        

        

        
          	
                  (v)

                	
                  Purchase
                    Price Percentage:
                    ___________ basis points (____%).

                

        

        

        
          	
                  (vi)

                	
                  Purchase
                    Price:
                    $_______________.

                

        

        

        
          	
                  (vii)

                	
                  Purchase
                    Proceeds:
                    With respect to each Mortgage Loan, the sum of (a) the product
                    of (i) the
                    Cut-off Date Balance of such Mortgage Loan, and (ii)_the Purchase
                    Price
                    Percentage. The Purchase Price owing to Seller shall be paid
                    by wire
                    transfer to the account:

                

        

        

        
          	
                  (viii)

                	
                  Servicing
                    Fee Rate: [__________ basis points
                    (______%).]

                

        

        

        3. Description
          of Mortgage Loans:
          Each
          Mortgage Loan complies with the specifications set forth below in all material
          respects.

        

        [a. Mortgage
          Loan Type: Each Mortgage Loan is a Conventional Loan and a [Adjustable
          Rate]
          [Balloon] [Convertible] [Fixed Rate] Loan.

        

        [b. For
          Adjustable Rate Mortgage Loans:
          Index:
          On each Interest Adjustment Date, the applicable index rate shall be a
          rate per
          annum equal to [the weekly average yield on U.S. Treasury securities adjusted
          to
          a constant maturity of one year, as published by the Board of Governors
          of the
          Federal Reserve System in Statistical Release No. H.15] [the average of
          interbank offered rates for six-month U.S. dollar denominated deposits
          in the
          London market (LIBOR), as published [in the Wall Street Journal] [by FNMA]
          [the
          11th District Cost of Funds as made available by the Federal Home Loan
          Bank]
          [the weekly average yield on certificates of deposit adjusted to a constant
          maturity of six months as published by the Board of Governors of the Federal
          Reserve System in Statistical Release No. H.15 or a similar publication].
          ]

        

        c.
          Lien
          Position: Each Mortgage Loan is secured by a perfected [first] [second]
          lien
          Mortgage.

        

        Kindly
          acknowledge your agreement to the terms of this Pricing Letter by signing
          in the
          appropriate space below and returning this Pricing Letter to the undersigned.
          Telecopy signatures shall be deemed valid and binding to the same extent
          as the
          original.

        

        
          
            
            

          

          
            66

            
              

            

          

          
            
            

          

        

        

        
          	
                  IMPAC
                    FUNDING CORPORATION

                	
                  COUNTRYWIDE
                    HOME LOANS

                
	 	
                  SERVICING
                    LP

                
	
                  as
                    Seller

                	
                  as
                    Countrywide 

                
	 	 
	
                  By:
                    

                	
                  By:

                
	
                  Name:

                	
                  Name:

                
	
                  Title:

                	
                  Title

                

        

        
          
            
            

          

          
            67

            
              

            

          

          
            
            

          

        

        

          AMENDMENT
            REG AB

          TO
            THE AMENDED AND RESTATED SERVICING RIGHTS PURCHASE AND SALE
            AGREEMENT

          

           

          This
            is Amendment Reg AB (“Amendment Reg AB”), dated as of
            September 29, 2006, by and between Countrywide Home Loans Servicing LP
            (the
“Company”), and IMPAC Funding Corporation (the
“Owner”) to that certain Amended and Restated
            Servicing Rights Purchase
            and Sale Agreement dated as of March 1, 2002 by and between the Owner
            and the
            Company (as amended, modified or supplemented, the “Existing
            Agreement”).

           

          WITNESSETH

           

          WHEREAS,
            the Owner and the Company have agreed, subject to the
            terms and conditions of this Amendment Reg AB that the Existing Agreement
            be
            amended to reflect agreed upon revisions to the terms of the Existing
            Agreement.

           

          Accordingly,
            the Owner and the Company hereby agree, in
            consideration of the mutual premises and mutual obligations set forth
            herein,
            that the Existing Agreement is hereby amended as follows:

          

          1. Capitalized
            terms used herein but not otherwise defined
            shall have the meanings set forth in the Existing Agreement. The Existing
            Agreement is hereby amended by adding the following definitions in their
            proper
            alphabetical order:

          

          Commission:
            The United States Securities and Exchange Commission.

          

          Company
            Information: As defined in Section 2(g)(i)(A)(1).

          

          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:
            Any Securitization
            Transaction or Whole Loan Transfer.

          

          Reconstitution
            Agreement: An agreement or agreements entered into by the Company and the
            Owner and/or certain third parties in connection with a Reconstitution
            with
            respect to any or all of the Mortgage Loans serviced under the Agreement.

          

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

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

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

          

          Securitization
            Transaction: Any transaction subject to Regulation AB involving either (1) a
            sale or other transfer of some or all of the Mortgage Loans directly
            or
            indirectly to an issuing entity in connection with an issuance of publicly
            offered, rated mortgage-backed securities or (2) an issuance of publicly
            offered, rated 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(c)(iii).

          

          Servicing
            Criteria: The “servicing criteria” set forth in Item 1122(d) of Regulation
            AB, as such may be amended from time to time.

          

          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.

          

          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 required to be performed by the Company under this
            Agreement
            or any Reconstitution Agreement that are identified in Item 1122(d) of
            Regulation AB; provided, however, that the term “Subservicer” shall not include
            any master servicer, or any special servicer engaged at the request of
            a
            Depositor, Owner or investor in a Securitization Transaction, nor any
“back-up
            servicer” or trustee performing servicing functions on behalf of a
            Securitization Transaction.

          

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

          

          2. The
            Owner and the Company agree that the Existing
            Agreement is hereby amended by adding the following provisions:

          

          (a) Intent
            of the Parties; Reasonableness.

          

          The
            Owner and the Company acknowledge and agree that the purpose
            of Article 2 of this Amendment Reg AB is to facilitate compliance by
            the Owner
            and any Depositor with the provisions of Regulation AB and related rules
            and
            regulations of the Commission. 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. 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, and agrees to comply
            with
            requests made by the Purchaser, 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 to deliver to the Owner (including
            any of
            its assignees or designees) and any Depositor, any and all statements,
            reports,
            certifications, records and any other information necessary to permit
            the Owner
            or such Depositor to comply with the provisions of Regulation AB, together
            with
            such disclosures relating to the Company, any Subservicer, or the servicing
            of
            the Mortgage Loans necessary in order to effect such compliance. In the
            event of
            any conflict between this Amendment Reg AB and any other term or provision
            in
            the Existing Agreement, the provisions of this Amendment Reg AB shall
            control.

          
            
              
              

            

            
              2

              
                

              

            

            
              
              

            

          

          

          The
            Owner agrees that it will cooperate with the Company and
            provide sufficient and timely notice of any information requirements
            pertaining
            to a Securitization Transaction. The Owner will make all reasonable efforts
            to
            contain requests for information, reports or any other materials to items
            required for compliance with Regulation AB, and shall not request information
            which is not required for such compliance.

          

          (b) Additional
            Representations and Warranties of the
            Company.

          

          (i) The
            Company hereby represents to the Owner and to any
            Depositor, as of the date on which information is first provided to the
            Owner or
            any Depositor under Section 2(c) that, except as disclosed in writing
            to the
            Owner 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 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 applicable 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 could 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 required to be disclosed under Item 1119 between the Company
            and
            any of the parties listed in Items 1119(a)(1)-(6) of Regulation AB which
            are
            identified in writing by the Owner or Depositor within ten days in advance
            of
            the Securitization Transaction.

          

          
            
              
              

            

            
              3

              
                

              

            

            
              
              

            

          

          (ii) If
            so requested by the Owner or any Depositor on any
            date following the date on which information is first provided to the
            Owner or
            any Depositor under Section 2(c), the Company shall, within ten Business
            Days
            following such request, confirm in writing the accuracy of the representations
            and warranties set forth in paragraph (i) of this Section or, if any
            such
            representation and warranty is not accurate as of the date of such request,
            provide reasonably adequate disclosure of the pertinent facts, in writing,
            to
            the requesting party.

          

          (c) Information
            to Be Provided by the Company.

          

          In
            connection with any Securitization Transaction the Company
            shall (1) within ten Business Days following request by the Owner or
            any
            Depositor, provide to the Owner and such Depositor (or cause each Subservicer
            to
            provide), in writing reasonably required for compliance with Regulation
            AB, the
            information and materials specified in paragraphs (iii) and (vi) of this
            Section
            2(c), and (2) as promptly as practicable following notice to or discovery
            by the
            Company, provide to the Owner and any Depositor (as required by Regulation
            AB)
            the information specified in paragraph (iv) of this Section.

          

          (i) Reserved.

          

          (ii) Reserved.

          

          (iii) If
            reasonably requested 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 reasonably
            requested for the purpose of compliance with Item 1108 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 this 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
            reasonable determination 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 during the three-year period immediately preceding the related
            Securitization Transaction;

          (2) the
            extent of outsourcing the Servicer
            utilizes;

          
            
              
              

            

            
              4

              
                

              

            

            
              
              

            

          

          (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 this Agreement and any Reconstitution Agreements
            for
            mortgage loans of a type similar to the Mortgage Loans;

           

          (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 this 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.

          

          
            
              
              

            

            
              5

              
                

              

            

            
              
              

            

          

          (I) a
            brief description of any material legal or governmental
            proceedings pending (or known to be contemplated) by a governmental authority
            against the Servicer;

          

          (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 within ten days of such Securitization Transaction:

          

          (1) any
            servicer;

          (2) any
            trustee;

          (3) any
            originator;

          (4) any
            significant obligor;

          (5) any
            enhancement or support provider; and

          (6) any
            other material transaction party. 

          

          (iv) For
            the purpose of satisfying its reporting obligation
            under the Exchange Act with respect to any class of asset-backed securities,
            the
            Company shall (or shall cause each Subservicer to) (a) provide prompt
            notice to
            the Owner, any Master Servicer and any Depositor in writing of (1) any
            merger,
            consolidation or sale of substantially all of the assets of the Company,
            (2) 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 that qualifies as an “entry into a material definitive
            agreement” under Item 1.01 of the form 8-K, (3) any Event of Default under the
            terms of the Agreement or any Reconstitution Agreement to the extent
            not known
            by such Owner, Master Servicer or Depositor, and (4) any material litigation
            or
            governmental proceedings involving the Company or any Subservicer.

          

          (v) As
            a condition to the succession to the Company or any
            Subservicer as servicer or subservicer under this Agreement or any applicable
            Reconstitution Agreement related thereto 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, the 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, all information reasonably requested 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.

          

          (vi) The
            Company shall provide to the Owner and any Depositor
            a description of any affiliation or relationship required to be disclosed
            under
            Item 1119 between the Company and any of the parties listed in Items
            1119
            (a)(1)-(6) of Regulation AB that develops following the closing date
            of a
            Securitization Transaction (other than an affiliation or relationship
            that the
            Owner, the Depositor or the issuing entity is required to disclose under
            Item
            1119 of Regulation AB) no later than 15 calendar days prior to the date
            the
            Depositor is required to file its Form 10-K disclosing such affiliation
            or
            relationship. For purposes of the foregoing, the Company (1) shall be
            entitled
            to assume that the parties to the Securitization Transaction with whom
            affiliations or relations must be disclosed are the same as on the closing
            date
            if it provides a written request (which may be by e-mail) to the Depositor
            or
            Master Servicer, as applicable, requesting such confirmation and either
            obtains
            such confirmation or receives no response within three (3) Business Days,
            (2)
            shall not be obligated to disclose any affiliations or relationships
            that may
            develop after the closing date for the Securitization Transaction with
            any
            parties not identified to the Company in writing within ten days in advance
            of
            the Securitization Transaction, and (3) shall be entitled to rely upon
            any
            written identification of parties provided by the Depositor, the Owner
            or any
            master servicer.

          
            
              
              

            

            
              6

              
                

              

            

            
              
              

            

          

          

          (vii) Not
            later than ten 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 material modifications, extensions
            or
            waivers of Mortgage Loan terms, fees, penalties or payments during the
            distribution period, along with all information, data, and materials
            related
            thereto as may be required to be included in the related distribution
            report on
            Form 10-D.

          

          (d) Servicer
            Compliance Statement.

          

          On
            or before March 5 of each calendar year, commencing in 2007,
            the Company shall deliver to the Owner, the Master Servicer and any Depositor
            a
            statement of compliance addressed to the Owner and such Depositor and
            signed by
            an authorized officer of the Company, to the effect that (i) a review
            of the
            Company’s servicing activities during the immediately preceding calendar year
            (or applicable portion thereof) and of its performance under the servicing
            provisions of this 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 servicing obligations under this 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.

          

          (e) Report
            on Assessment of Compliance and
            Attestation.

          

          (i) On
            or before March 5 of each calendar year, commencing in
            2007, the Company shall:

          

          (A) deliver
            to the Owner, the Master Servicer and any
            Depositor a report 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 the Owner and such Depositor and
            signed by
            an authorized officer of the Company, and shall address each of the applicable
            Servicing Criteria specified on Exhibit A hereto (wherein “Investor” shall mean
            the Master Servicer);

          
            
              
              

            

            
              7

              
                

              

            

            
              
              

            

          

          

          (B) deliver
            to the Owner, the Master Servicer and any
            Depositor a report of a registered public accounting firm 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;

          

          (C) if
            required by Regulation AB, cause each Subservicer and
            each Subcontractor determined by the Company pursuant to Section 2(f)(ii)
            to be
“participating in the servicing function” within the meaning of Item 1122 of
            Regulation AB, to deliver to the Owner, the Master Servicer and any Depositor
            an
            assessment of compliance and accountants’ attestation as and when provided in
            paragraphs (i) and (ii) of this Section 2(e); and

          

          (D) if
            requested by the Owner or any Depositor, no later that
            February 1 of the calendar year in which such certification is to be
            delivered
            deliver to the Owner, the Master Servicer, Depositor or 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
            in the form
            attached hereto as Exhibit B; provided that such certification delivered
            by the
            Company may not be filed as an exhibit to, or included in, any filing
            with the
            Commission.

          

          The
            Company acknowledges that the party identified in clause
            (i)(D) 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. 

          

          (ii) Each
            assessment of compliance provided by a Subservicer
            pursuant to Section 2(e)(i)(A) shall address each of the applicable Servicing
            Criteria specified on Exhibit A hereto delivered to the Owner concurrently
            with
            the execution of this Agreement 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(e)(i)(C)
            need not
            address any elements of the Servicing Criteria other than those specified
            by the
            Company pursuant to Section 2(f) of this Amendment Reg AB.

          

          (f) 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 this Agreement or any related Reconstitution Agreement unless the
            Company
            complies with the provisions of paragraph (i) of this Subsection (f).
            The
            Company shall not hire or otherwise utilize the services of any Subcontractor,
            and shall not permit any Subservicer to hire or otherwise utilize the
            services
            of any Subcontractor, to fulfill any of the obligations of the Company
            as
            servicer under this Agreement or any related Reconstitution Agreement
            unless the
            Company complies with the provisions of paragraph (ii) of this Subsection
            (f).

          
            
              
              

            

            
              8

              
                

              

            

            
              
              

            

          

          

          (i) It
            shall not be necessary for the Company to seek the
            consent of the Owner, the Master Servicer or any Depositor to the utilization
            of
            any Subservicer. If required by Regulation AB, after reasonable notice
            from the
            Owner of the parties involved in the Owner’s Securitization Transaction, 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(b), 2(c)(iii), 2(c)(v), 2(d), and 2(e)
            of this
            Agreement, and to provide the information required with respect to such
            Subservicer under Section 2(c)(iv) of this Agreement. 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(d), any assessment of compliance and attestation
            required to be delivered by such Subservicer under Section 2(e) and any
            certification required to be delivered to the Person that will be responsible
            for signing the Sarbanes Certification under Section 2(e) as and when
            required
            to be delivered.

          

          (ii) It
            shall not be necessary for the Company to seek the
            consent of the Owner or any Depositor to the utilization of any Subcontractor.
            If required by Regulation AB, after reasonable notice from the Owner
            of the
            parties involved in the Owner’s Securitization Transaction, the Company shall
            promptly upon request provide to the Owner and any Depositor (or any
            designee of
            the Depositor, such as a master servicer or administrator) a written
            description
            of the role and function of each Subcontractor utilized by the Company
            or any
            Subservicer, specifying (A) the identity of each such Subcontractor,
            (B) which
            (if any) of such Subcontractors are “participating in the servicing function”
within the meaning of Item 1122 of Regulation AB, and (C) which elements
            of the
            Servicing Criteria will be addressed in assessments of compliance provided
            by
            each Subcontractor identified pursuant to clause (B) of this paragraph.

          

          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 Section 2(e) of this Agreement. The
            Company
            shall be responsible for obtaining from each Subcontractor and delivering
            to the
            Owner, the Master Servicer and any Depositor any assessment of compliance
            and
            attestation and certificate required to be delivered by such Subcontractor
            under
            Section 2(e), in each case as and when required to be delivered.

          

          (g) Indemnification;
            Remedies. 

          

          
            
              
              

            

            
              9

              
                

              

            

            
              
              

            

          

          (i) The
            Company shall indemnify the Owner and each of the
            following parties participating in a Securitization Transaction: each
            sponsor
            and issuing entity; each Person responsible for the 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 Person who controls any of such parties
            (within
            the meaning of Section 15 of the Securities Act and Section 20 of the
            Exchange
            Act); and the respective present and former directors, officers and employees
            of
            each of the foregoing and of the Depositor, and shall hold each of them
            harmless
            from and against any losses, damages, penalties, fines, forfeitures,
            legal fees
            and expenses and related costs, judgments, and any other costs, fees
            and
            expenses that any of them may sustain arising out of or based upon:

          

          (A)(1) any
            untrue statement of a material fact contained or
            alleged to be contained in any written information, written report,
            certification or other material provided under this Amendment Reg AB
            by or on
            behalf of the Company, or provided under this Amendment Reg AB by or
            on behalf
            of any Subservicer or Subcontractor (collectively, the “Company Information”),
            or (2) 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 (2) 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
            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 Amendment Reg
            AB,
            including any failure by the Company to identify pursuant to Section
            2(f)(ii)
            any Participating Entity; or

          

          (C) any
            breach by the Company of a representation or warranty
            set forth in Section 2(b)(i) or in a writing furnished pursuant to Section
            2(b)(ii) 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(b)(ii) to the extent made as
            of a date
            subsequent to such closing date.In the case of any failure of performance
            described in clause (i)(B) of this Section, the Company shall promptly
            reimburse
            the Owner, any Depositor, as applicable, and each Person responsible
            for the
            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.

          
            
              
              

            

            
              10

              
                

              

            

            
              
              

            

          

          

          (ii) (A) Any
            failure by the Company, any Subservicer or
            any Subcontractor to deliver any information, report, certification,
            accountant’s letter or other material when and as required under this Amendment
            Reg AB, which continues unremedied for three Business Days after receipt
            by the
            Company and the applicable Subservicer or Subcontractor, of written notice
            of
            such failure from the Owner or Depositor shall, except as provided in
            clause (B)
            of this paragraph, constitute an Event of Default with respect to the
            Company
            under this 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
            this
            Agreement and/or any applicable Reconstitution Agreement related thereto
            without
            payment (notwithstanding anything in this Agreement or any applicable
            Reconstitution Agreement related thereto 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,
            however it is understood that the Company shall remain entitled to receive
            reimbursement for all unreimbursed Monthly Advances and Servicing Advances
            made
            by the Company under this Agreement and/or any applicable Reconstitution
            Agreement. Notwithstanding anything to the contrary set forth herein,
            to the
            extent that any provision of this 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.

          

          (B) Any
            failure by the Company, any Subservicer or any
            Subcontractor to deliver any information, report, certification or accountant’s
            letter required under Regulation AB when and as required under Section
            2(d) or
            2(e), including any failure by the Company to identify a pursuant to
            Subsection
            2(f) of this Agreement any Subcontractor “participating in the servicing
            function” within the meaning of Item 1122 of Regulation AB, which continues
            unremedied for nine calendar days after receipt by the Company of written
            notice
            of such failure from the Owner or Depositor shall constitute an Event
            of Default
            with respect to the Company under this 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 this Agreement and/or any applicable
            Reconstitution Agreement without payment (notwithstanding anything in
            this
            Agreement to the contrary) of any compensation to the Company; provided,
            however
            it is understood that the Company shall remain entitled to receive reimbursement
            for all unreimbursed Monthly Advances and Servicing Advances made by
            the Company
            under this Agreement and/or any applicable Reconstitution Agreement.
            Notwithstanding anything to the contrary set forth herein, to the extent
            that
            any provision of this 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.

          

          
            
              
              

            

            
              11

              
                

              

            

            
              
              

            

          

          (C) The
            Company shall promptly reimburse the Owner (or any
            affected designee of the Owner, such as a 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 Company, the Owner or any Depositor may have under other provisions
            of this 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.

          

          (iii) The
            Owner agrees to indemnify and hold harmless the
            Company, any Subservicer and any Participating Entity, each Person who
            controls
            any of such parties (within the meaning of Section 15 of the Securities
            Act and
            Section 20 of the Exchange Act), and the respective present and former
            directors, officers and employees of each of the foregoing from and against
            any
            losses, damages, penalties, fines, forfeitures, legal fees and expenses
            and
            related costs, judgments, and any other costs, fees and expenses that
            any of
            them may sustain arising out of or based upon any untrue statement or
            alleged
            untrue statement of any material fact contained in any filing with the
            Commission or the omission or alleged omission to state in any filing
            with the
            Commission a material fact required to be stated or necessary to be stated
            in
            order to make the statements therein, in the light of the circumstances
            under
            which they were made, not misleading, in each case to the extent, but
            only to
            the extent, that such untrue statement, alleged untrue statement, omission,
            or
            alleged omission relates to any filing with the Commission other than
            the
            Company Information.

          

          (iv) If
            the indemnification provided for
            herein is unavailable or insufficient to hold harmless the indemnified
            party,
            then the indemnifying party 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 uncured 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 indemnifying party on the other.

          

          (v) The
            indemnifications provided for in Section 2(g) shall
            survive the termination of this Amendment Reg AB or the termination of
            any party
            to this Amendment Reg AB.

          

          (vi) The
            Master Servicer shall be considered a third-party
            beneficiary of 2(d), 2(e) and 2(g) of this Amendment Reg AB (with regard
            to
            Section 2(g), solely with respect to noncompliance under 2(d) and 2(e)
            of this
            Amendment Reg AB), entitled to all the rights and benefits hereof as
            if it were
            a direct party to this Amendment Reg AB.

          

          3. Notwithstanding
            any other provision of this Amendment Reg
            AB, the Company shall seek the consent of the Owner for the utilization
            of all
            Subservicers and Subcontractors, when required by and in accordance with
            the
            terms of the Existing Agreement.

           

          4. The
            Existing Agreement is hereby amended by adding the
            Exhibit attached hereto as Exhibit A to the end thereto. References in
            this
            Amendment Reg AB to “this Agreement” or words of similar import (including
            indirect references to the Agreement) shall be deemed to be references
            to the
            Existing Agreement as amended by this Amendment Reg AB. Except as expressly
            amended and modified by this Amendment Reg AB, the Agreement shall continue
            to
            be, and shall remain, in full force and effect in accordance with its
            terms. In
            the event of a conflict between this Amendment Reg AB and any other document
            or
            agreement, including without limitation the Existing Agreement, this
            Amendment
            Reg AB shall control.

           

          
            
              
              

            

            
              12

              
                

              

            

            
              
              

            

          

          

          5. This
            Amendment Reg AB may be executed in one or more
            counterparts and by different parties hereto on separate counterparts,
            each of
            which, when so executed, shall constitute one and the same agreement.
            This
            Amendment Reg AB will become effective as of the date first mentioned
            above.
            This Amendment Reg AB shall bind and inure to the benefit of and be enforceable
            by the Company and the Owner and the respective permitted successors
            and assigns
            of the Company and the successors and assigns of the Owner.

           

           

          

           

          [Signature
            Page Follows]

          
            
              
              

            

            
              13

              
                

              

            

            
              
              

            

          

           

          IN
            WITNESS WHEREOF, the parties have caused their names to be
            signed hereto by their respective officers thereunto duly authorized
            as of the
            day and year first above written.

           

          IMPAC
            FUNDING CORPORATION

           

          Owner

           

          By:                        

          Name:                        

          Title:                        

           

          

           

          COUNTRYWIDE
            HOME LOANS SERVICING LP

           

          Company

          
             

            By:                        

            Name:                        

            Title:                        

             

             

          Signature
            page to Amendment Reg AB

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          EXHIBIT
            A

          

          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 applicable criteria
            identified 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

                  
	
                    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

                  

          

          
            
              
              

            

            
              A-1

              
                

              

            

            
              
              

            

          

          

          
            	
                    Servicing
                      Criteria 

                  	
                    Applicable
                      Servicing Criteria

                  
	
                    Reference

                  	
                    Criteria

                  	
                     

                  
	
                    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

                  
	
                     

                  	
                    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

                  

          

          
            
              
              

            

            
              A-2

              
                

              

            

            
              
              

            

          

          

          
            	
                    Servicing
                      Criteria 

                  	
                    Applicable
                      Servicing Criteria

                  
	
                    Reference

                  	
                    Criteria

                  	
                     

                  
	
                    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

                  
	
                    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 related 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

                  

          

          
            
              
              

            

            
              A-3

              
                

              

            

            
              
              

            

          

          

          
            	
                    Servicing
                      Criteria 

                  	
                    Applicable
                      Servicing Criteria

                  
	
                    Reference

                  	
                    Criteria

                  	
                     

                  
	
                    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.

                  	 

          

          

          

           

          [NAME
            OF COMPANY] [NAME OF 

          SUBSERVICER]

           

          Date:                        

           

          By:                        

          Name:                        

          Title:                        

          
            
              
              

            

            
              A-4

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B

           

          FORM
            OF ANNUAL CERTIFICATION

          
            	 	 	 
	 	
                    Re:

                  	
                    The
                      [ ] agreement dated as of [ ], 200[ ] (the “Agreement”),
                      among [IDENTIFY PARTIES]

                  
	 	 	 

          

           

          I,
            ________________________________, the _______________________
            of Countrywide Home Loans, Inc., certify to [the Owner], [the Depositor],
            [Master Servicer], [Securities Administrator] or [Trustee], and its officers,
            with the knowledge and intent that they will rely upon this certification,
            that:

           

          (1) I
            have reviewed the servicer compliance statement of the
            Company provided in accordance with Item 1123 of Regulation AB (the “Compliance
            Statement”), the report on assessment of the Company’s compliance with the
            servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing
            Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under Securities
            Exchange Act of 1934, as amended (the “Exchange Act”) and Item 1122 of
            Regulation AB (the “Servicing Assessment”), the registered public accounting
            firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18
            under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation
            Report”), and all servicing reports, officer’s certificates and other
            information relating to the servicing of the Mortgage Loans by the Company
            during 200[ ] that were delivered by the Company to the [Depositor] [Master
            Servicer] [Securities Administrator] or [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]
            or
            [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; and

           

          

          [Intentionally
            Left Blank]

          
            
              
              

            

            
              B-1

              
                

              

            

            
              
              

            

          

           

          (5) The
            Compliance Statement required to be delivered by the
            Company pursuant to this Agreement, and the Servicing Assessment and
            Attestation
            Report required to be provided by the Company and by each Subservicer
            and
            Participating Entity 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:                        

          
            
              
              

            

            
              B-2

              
                

              

            

            
              
              

            

          

           

        

      

    

     

    EXHIBIT
      R

     

    FORM
      OF
      MIDLAND SERVICING AGREEMENT

     

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SERVICING
        AGREEMENT

       

      Dated
        as
        of March 29, 2007

       

      between

       

      IMPAC
        FUNDING CORPORATION

      “Master
        Servicer”

       

      and

       

      MIDLAND
        LOAN SERVICES, INC.,

      “Servicer”

      

      

      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

      TABLE
        OF CONTENTS

       

      
        	 
	
                ARTICLE
                  I

                DEFINITIONS

              
	 
	
                Section
                  1.01

              	
                Defined
                  Terms.

              	
                1

              
	 
	
                ARTICLE
                  II

                RETENTION
                  AND AUTHORITY OF SERVICER

              
	 
	
                Section
                  2.01

              	
                Engagement;
                  Servicing Standard.

              	
                10

              
	
                Section
                  2.02

              	
                Subservicing.

              	
                10

              
	
                Section
                  2.03

              	
                Authority
                  of the Servicer.

              	
                11

              
	 
	
                ARTICLE
                  III

                SERVICES
                  TO BE PERFORMED

              
	 
	
                Section
                  3.01

              	
                Services
                  as Loan Servicer.

              	
                11

              
	
                Section
                  3.02

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

              	
                13

              
	
                Section
                  3.03

              	
                Collection
                  Accounts.

              	
                15

              
	
                Section
                  3.04

              	
                Permitted
                  Investments.

              	
                15

              
	
                Section
                  3.05

              	
                Maintenance
                  of Insurance Policies.

              	
                16

              
	
                Section
                  3.06

              	
                Delivery
                  and Possession of Servicing Files.

              	
                17

              
	
                Section
                  3.07

              	
                Inspections.

              	
                18

              
	
                Section
                  3.08

              	
                “Due-on-Sale”
                  Clauses; Assumption Agreements.

              	
                18

              
	
                Section
                  3.09

              	
                Realization
                  Upon Mortgaged Properties.

              	
                18

              
	
                Section
                  3.10

              	
                Sale
                  of Specially Serviced Mortgage Loans and REO Properties.

              	
                20

              
	
                Section
                  3.11

              	
                Management
                  of REO Property.

              	
                21

              
	
                Section
                  3.12

              	
                Modifications,
                  Waivers, Amendments and Consents.

              	
                22

              
	 
	
                ARTICLE
                  IV

                STATEMENTS
                  AND REPORTS

              
	 
	
                Section
                  4.01

              	
                Reporting
                  by the Servicer.

              	
                23

              
	
                Section
                  4.02

              	
                Annual
                  Statements of Compliance

              	
                23

              
	
                Section
                  4.03

              	
                Assessments
                  of Compliance and Attestation Reports

              	
                24

              
	
                Section
                  4.04

              	
                Exchange
                  Act Reporting.

              	
                25

              
	 
	
                ARTICLE
                  V

                SERVICER’S
                  COMPENSATION AND EXPENSES

              
	 
	
                Section
                  5.01

              	
                Servicing
                  Compensation.

              	
                26

              
	
                Section
                  5.02

              	
                Servicing
                  Advances and Advances.

              	
                27

              
	 

      

      

      
        
          
            
            

          

          
            i

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                ARTICLE
                  VI

                THE
                  SERVICER AND THE MASTER SERVICER

              
	 
	
                Section
                  6.01

              	
                Servicer
                  Not to Assign; Merger or Consolidation of the Servicer.

              	
                28

              
	
                Section
                  6.02

              	
                Liability
                  and Indemnification of the Servicer and the Master
                  Servicer.

              	
                28

              
	 
	
                ARTICLE
                  VII

                REPRESENTATIONS
                  AND WARRANTIES; DEFAULT

              
	 
	
                Section
                  7.01

              	
                Representations
                  and Warranties.

              	
                29

              
	
                Section
                  7.02

              	
                Events
                  of Default.

              	
                31

              
	 
	
                ARTICLE
                  VIII

                TERMINATION;
                  TRANSFER OF MORTGAGE LOANS

              
	 
	
                Section
                  8.01

              	
                Termination
                  of Agreement.

              	
                32

              
	 
	
                ARTICLE
                  IX

                MISCELLANEOUS
                  PROVISIONS

              
	 
	
                Section
                  9.01

              	
                Amendment;
                  Waiver.

              	
                33

              
	
                Section
                  9.02

              	
                Governing
                  Law.

              	
                33

              
	
                Section
                  9.03

              	
                Notices.

              	
                33

              
	
                Section
                  9.04

              	
                Severability
                  of Provisions.

              	
                35

              
	
                Section
                  9.05

              	
                Inspection
                  and Audit Rights.

              	
                35

              
	
                Section
                  9.06

              	
                Binding
                  Effect; No Partnership; Counterparts.

              	
                35

              
	
                Section
                  9.07

              	
                Protection
                  of Confidential Information; No Solicitation.

              	
                35

              
	
                Section
                  9.08

              	
                General
                  Interpretive Principles.

              	
                36

              
	
                Section
                  9.09

              	
                Further
                  Agreements.

              	
                36

              

      

      

       

      EXHIBIT
        A: Servicing File Listing

      EXHIBIT
        B: Servicing Criteria to be Addressed in Assessment of Compliance

      EXHIBIT
        C: Form 10-D, Form 8-K And Form 10-K Reporting Responsibility

      

      
        
          
            
            

          

          
            ii

            
              

            

          

          
            
            

          

        

      

      

      THIS
        SERVICING AGREEMENT dated as of March 29, 2007, is between Impac Funding
        Corporation, a California corporation (the “Master Servicer”), and Midland Loan
        Services, Inc., a Delaware corporation (the “Servicer”).

       

      PRELIMINARY
        STATEMENT

       

      Pursuant
        to the Pooling and Servicing Agreement (the “PSA”) dated as of March 1, 2007,
        among Impac Secured Assets Corp., as Depositor, the Master Servicer, as Master
        Servicer, and Deutsche Bank National Trust Company, as Trustee, with respect
        to
        the Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series
        2007-2 (a copy of which has been delivered to the Servicer), the Servicer
        shall
        be servicing the Mortgage Loans on behalf of the Trust Fund.

       

      The
        Master Servicer and the Servicer desire to enter into an agreement whereby
        the
        Servicer assumes and agrees to perform certain of the Master Servicer’s
        servicing responsibilities with respect to the Mortgage Loans as more
        specifically set forth herein.

       

      The
        Servicer is an independent contractor in the business of servicing mortgage
        loans, and is not an Affiliate of the Master Servicer.

       

      This
        Agreement shall become effective with respect to each Mortgage Loan, or
        appropriate group or portfolio of Mortgage Loans, upon the related Servicing
        Transfer Date. 

       

      NOW,
        THEREFORE, in consideration of the recitals in this Preliminary Statement
        which
        are made a contractual part hereof, and of the mutual promises contained
        herein
        and for other good and valuable consideration, the receipt and sufficiency
        of
        which are hereby acknowledged, the parties hereto agree as follows:

       

      ARTICLE
        I

       

      DEFINITIONS

       

      Section
        1.01 Defined
        Terms.

       

      For
        purposes of this Agreement, all capitalized terms not otherwise defined herein
        shall have the meanings set forth in the PSA. Whenever used in this Agreement,
        the following words and phrases, unless the context otherwise requires, shall
        have the following meanings:

       

      “Accepted
        Servicing Practices”:
        As
        defined in Section 2.01.

       

      “Accounts”:
        The
        Escrow Accounts, REO Accounts and the Collection Accounts.

       

      “Additional
        Servicing Compensation”:
        (i)
        amounts collected for checks or other items returned for insufficient funds,
        (ii) late payment charges (but not default interest) with respect to the
        Mortgage Loans, excluding any prepayment penalties (iii) to the extent the
        Servicer has been engaged by the Master Servicer under Section 3.08 or 3.12,
        any
        modification fees, extension fees, assumption fees and similar processing
        fees
        received from or on behalf of any Borrower, (iv) subject to Section 3.04
        of the
        Agreement, all income and gain realized from the investment of funds deposited
        in the Accounts and (v) any Termination Fees.

       

      

      
        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

      

      

      “Advance
        Rate”:
        A per
        annum rate equal to the “Prime Rate” (as published from time to time in the
“Money Rates” section of The Wall Street Journal).

       

      “Affiliate”:
        With
        respect to any specified Person, any other 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.

       

      “Agreement”:
        This
        Servicing Agreement, as the same may be modified, supplemented or amended
        from
        time to time upon mutual agreement of the parties hereto.

       

      “Borrower”:
        The
        obligor on a Note.

       

      “Business
        Day”:
        With
        respect to any Mortgage Loan prior to Securitization, any day other than
        (i) a
        Saturday or Sunday, or (ii) a day in which depository institutions or trust
        companies in the State of Kansas, the State of Pennsylvania or in any of
        the
        States in which the Accounts or any accounts used by the Master Servicer
        for
        remittance purposes are located, are authorized or obligated by law, regulation
        or executive order to remain closed, and with respect to any Mortgage Loan
        after
        Securitization, any day other than (i) a Saturday or Sunday, or (ii) a day
        in
        which depository institutions or trust companies in the State New York, State
        of
        Kansas or in any of the States in which the Accounts or any accounts used
        by the
        Servicer or Master Servicer for remittance purposes are located, are authorized
        or obligated by law, regulation or executive order to remain
        closed.

       

      “Certificates”:
        The
        Impac Secured Assets Corp., Mortgage Pass Through Certificates, Series 2007-2,
        evidencing the beneficial ownership interest in the Depositor and executed
        by
        the Trustee in substantially the form set forth in Exhibit A to the
        PSA.

       

      “Closing
        Date”:
        March
        29, 2007.

       

      “Collection
        Account”:
        As
        defined in Section 3.03.

       

      “Corrected
        Mortgage Loan”:
        Any
        Mortgage Loan which is no longer a Specially Serviced Mortgage Loan pursuant
        to
        the second sentence of the definition of “Specially Serviced Mortgage
        Loan”.

       

      “Determination
        Date”:
        The
        15th day (or if such day is not a Business Day, the Business Day immediately
        preceding such day) of the month, beginning in April 2007.

       

      “Disposition
        Fee”:
        In
        connection with the sale of any Specially Serviced Mortgage Loan or REO Property
        pursuant to Section 3.10, the fee payable to the Servicer in an amount equal
        to
        the product of (x) the related Net Liquidation Proceeds and (y) 1.50%;
provided,
        however,
        that
        such fee shall not exceed $100,000 for each Mortgage Loan. 

       

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

       

      

      
        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

      

      

      “Environmental
        Laws”:
        Any
        environmental law, ordinance, rule, regulation or order of a federal, state
        or
        local governmental authority, including, without limitation, the Comprehensive
        Environmental Response, Compensation and Liability Act of 1980, as amended
        (42
        U.S.C. §§ 9601 et
        seq.),
        the
        Hazardous Material Transportation Act, as amended (49 U.S.C. §§ 1801
et
        seq.),
        the
        Resource Conservation and Recovery Act, as amended (42 U.S.C. §§ 6901
et
        seq.),
        the
        Federal Water Pollution Control Act, as amended (33 U.S.C. §§ 1251 et
        seq.),
        the
        Clean Air Act (42 U.S.C. §§ 7401 et
        seq.)
        and
        the regulations promulgated pursuant thereto.

       

      “Escrow
        Account”:
        As
        defined in Section 3.02.

       

      “Escrow
        Payment”:
        Any
        payment received by the Servicer for the account of the Borrowers for
        application toward the payment of taxes, insurance premiums, assessments,
        ground
        rents, deferred maintenance, environmental remediation, rehabilitation costs,
        capital expenditures, and similar items in respect of the related Mortgaged
        Property.

       

      “Event
        of Default”:
        As
        defined in Section 7.02.

       

      “Excess
        Servicing Strip”:
        With
        respect to any Mortgage Loan that has not become a Specially Serviced Mortgage
        Loan, that portion of the related Sub-Servicing Fee computed at a rate equal
        to
        the excess of (a) 0.25% (25 basis points) per annum over (b) 0.14% (14 basis
        points) per annum. With respect to any Mortgage Loan that has become a Specially
        Serviced Mortgage Loan, that portion of the related Sub-Servicing Fee computed
        at a rate equal to the excess of (a) 0.75% ( 75 basis points) per annum over
        (b)
        0.64% (64 basis points) per annum.

       

      

      
        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

      

      

      “Loan
        Servicing”:
        As
        defined in Section 3.01.

       

      “Master
        Servicer”:
        Impac
        Funding Corporation, a California corporation.

       

      “Monthly
        Payment”:
        With
        respect to any Mortgage Loan, the scheduled monthly payment of interest or
        the
        scheduled monthly payment of principal and interest, as the case may be,
        on such
        Mortgage Loan which is payable by a Borrower on the due date under the related
        Note. 

       

      “Mortgage”:
        With
        respect to each Mortgage Loan, the mortgage, deed of trust or other instrument
        securing the related Note, which creates a lien on the real property securing
        such Note.

       

      “Mortgage
        Loan”:
        Each
        of the mortgage loans identified on the Mortgage Loan Schedule as a group
        2
        mortgage loan.

       

      “Mortgage
        Loan Documents”:
        With
        respect to each Mortgage Loan, the related Note, the related Mortgage and
        any
        and all other documents executed and delivered in connection with the
        origination or subsequent modification of such Mortgage Loan.

       

      “Mortgage
        Loan Schedule”:
        A
        schedule of certain mortgage loans owned and held by the Trust Fund which
        sets
        forth information with respect to such mortgage loans, as amended from time
        to
        time by the parties. 

       

      “Mortgaged
        Property”:
        The
        real property and improvements thereon securing repayment of the debt evidenced
        by the related Note. Such term shall also include any REO Property.

       

      “Net
        Liquidation Proceeds”:
        The
        amount of proceeds received in connection with the liquidation or sale of
        any
        Specially Serviced Mortgage Loan or REO Property net of the amount of any
        liquidation expenses (including, without limitation, legal fees and expenses,
        brokerage commissions and conveyance taxes) incurred with respect to such
        liquidation or sale.

       

      “Nonrecoverable
        Advance”:
        Any
        Servicing Advance previously made or proposed to be made in respect of a
        Mortgage Loan which, in the reasonable good faith judgment of the Servicer,
        will
        not or, in the case of a proposed Servicing Advance, would not be ultimately
        recoverable from related Late Collections, Insurance Proceeds, Liquidation
        Proceeds or REO Proceeds.

       

      “Note”:
        With
        respect to any Mortgage Loan, the promissory note or other evidence of
        indebtedness or agreements evidencing the indebtedness of a Borrower under
        such
        Mortgage Loan.

       

      “Opinion
        of Counsel”:
        A
        written opinion of counsel acceptable to the Trustee, as applicable, in its
        reasonable discretion which counsel may be in-house counsel for the Servicer
        or
        the Master Servicer if acceptable to the Trustee and the Rating Agencies
        or
        counsel for the Depositor, as the case may be.

       

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

       

      

      
        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

      

      

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

       

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

       

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

       

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

       

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

       

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

       

      

      
        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

      

      

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

       

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

       

      “Qualified
        Affiliate”:
        Any
        Person (a) that is organized and doing business under the laws of any state
        of
        the United States or the District of Columbia, (b) that is in the business
        of
        performing the duties of a servicer of commercial mortgage loans, and (c)
        as to
        which 50% or greater of its outstanding voting stock or equity ownership
        interest are directly or indirectly owned by the Servicer or by any Person
        or
        Persons who directly or indirectly own equity ownership interests in the
        Servicer. 

       

      “Rating
        Agency”:
        With
        respect to any Mortgage Loan, each of Standard & Poor’s Ratings Services, a
        division of The McGraw-Hill Companies, Inc. and Moody’s Investors Service,
        Inc.

       

      “Reasonable
        Efforts”:
        Efforts determined to be reasonably diligent by the Master Servicer or the
        Servicer, as the case may be, in its reasonable discretion, which efforts
        do not
        require the Master Servicer or the Servicer, as the case may be, to enter
        into
        any litigation, arbitration or other legal or quasi-legal
        proceeding.

       

      “Recoverable
        Servicing Advance”:
        The
        portion of any Servicing Advance (including interest reasonably likely to
        accrue
        thereon at the Advance Rate) previously made or proposed to be made in respect
        of a Mortgage Loan or REO Property which, in the judgment (in accordance
        with
        the Accepted Servicing Practices) of the Servicer, will be ultimately
        recoverable, together with any accrued and unpaid interest thereon, from
        late
        collections or any other recovery on or in respect of such Mortgage Loan
        or REO
        Property.

       

      “Remittance
        Date”:
        The
        18th
        day (or
        if such day is not a Business Day, the Business Day immediately preceding
        such
        day) of the month, beginning in April 2007.

       

      “REO
        Account”:
        As
        defined in Section 3.11(a).

       

      “REO
        Mortgage Loan”:
        A
        Mortgage Loan deemed for the purposes hereof to be outstanding with respect
        to
        each REO Property, as more particularly described in Section
        3.09(b).

       

      “REO
        Property”:
        A
        Mortgaged Property acquired by the Servicer on behalf of the Master Servicer
        through foreclosure or by deed in lieu of foreclosure.

       

      “Responsible
        Officer”:
        Any
        officer or employee of the Master Servicer or the Servicer, as the case may
        be,
        involved in or responsible for the administration, supervision or management
        of
        this Agreement and whose name and specimen signature appear on a list prepared
        by each party and delivered to the other party, as such list may be amended
        from
        time to time by either party.

       

      

      
        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

      

      “Servicer”:
        Midland Loan Services, Inc., a Delaware corporation, or any successor Servicer
        as herein provided.

       

      “Servicing
        Account”:
        The
        separate trust account created and maintained by the Master Servicer or Servicer
        with respect to the Mortgage Loans or REO Property, which shall be an Eligible
        Account, for collection of taxes, assessments, insurance premiums and comparable
        items as described in Section 3.09 of the PSA.

       

      “Servicing
        Advances”:
        All
        Servicing Expenses paid or to be paid, as the context requires, out of its
        own
        funds, by the Servicer in connection with the servicing of a Mortgage Loan,
        after a default, delinquency or other unanticipated event has occurred or
        is
        reasonably foreseeable, or in connection with the administration of any REO
        Property.

       

      “Servicing
        Expenses”:
        All
        customary, reasonable and necessary out-of-pocket costs and expenses paid
        or
        incurred in connection with the Servicer’s obligations hereunder, including
        without limitation:

       

      (a) real
        estate taxes, assessments and similar charges;

       

      (b) insurance
        premiums;

       

      (c) any
        expense necessary in order to prevent or cure any violation of applicable
        laws,
        regulations, codes, ordinances, rules, orders, judgments, decrees, injunctions
        or restrictive covenants;

       

      (d) any
        cost
        or expense necessary in order to maintain or release the lien on each Mortgaged
        Property and related collateral, including any mortgage registration taxes,
        release fees, or recording or filing fees;

       

      (e) customary
        expenses for the collection, enforcement or foreclosure of the Mortgage Loans
        and the collection of deficiency judgments against Borrowers and guarantors
        (including but not limited to the fees and expenses of any trustee under
        a deed
        of trust, foreclosure title searches and other lien searches);

       

      (f) subject
        to Section 3.07, costs and expenses of any appraisals, valuations, inspections,
        environmental assessments (including but not limited to the fees and expenses
        of
        environmental consultants), audits or consultations, engineers, architects,
        accountants, on-site property managers, market studies, title and survey
        work
        and financial investigating services;

       

      (g) customary
        expenses for liquidation, restructuring, modification or loan workouts, such
        as
        sales brokerage expenses and other costs of conveyance;

       

      

      
        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

      

      (h) costs
        and
        expenses related to travel and lodging, subject to Section 3.07 with respect
        to
        property inspections; and

       

      (i) any
        other
        reasonable costs and expenses, including without limitation, legal fees and
        expenses, incurred by the Servicer under this Agreement in connection with
        the
        enforcement, collection, foreclosure, disposition, condemnation or destruction
        of the Mortgage Loans or related Mortgaged Properties, the maintenance, leasing,
        operation, management and sale of the REO Properties, and the performance
        of
        Loan Servicing by the Servicer under this Agreement.

       

      Notwithstanding
        the foregoing, Servicing Expenses shall not be deemed to include costs and
        expenses incurred by the Servicer in the performance of its Loan Servicing
        obligations hereunder that are in the nature of internal costs or fixed overhead
        of the Servicer (including, without limitation, costs and expenses relating
        to
        data processing, computer and telephone systems, office space, equipment
        and
        supplies, and employee salaries and related expenses), which shall be borne
        solely by the Servicer.

       

      “Servicing
        Fee”:
        With
        respect to each Mortgage Loan, other than a Specially Serviced Mortgage Loan
        or
        REO Mortgage Loan, an amount equal to the product of (a) the Servicing Fee
        Rate
        and (b) the outstanding principal balance of such Mortgage Loan, payable
        out of
        interest received with respect to such Mortgage Loan in accordance with Section
        5.01.

       

      “Servicing
        Fee Rate”:
        A per
        annum rate equal to 0.250% (25 basis points).

       

      “Servicing
        File”:
        With
        respect to each Mortgage Loan, (i) all Mortgage Loan Documents, (ii) to the
        extent not included as a Mortgage Loan Document, the documents, information
        and
        records set forth in the file listing attached hereto as Exhibit A, and (iii)
        any additional documents or information related thereto maintained or created
        by
        the Servicer. 

       

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

       

      “Servicing
        Transfer Date”:
        With
        respect to each Mortgage Loan, the date of delivery by Master Servicer to
        the
        Servicer of the related Servicing File.

       

      “Special
        Services”:
        Services relating to lease approvals, work-outs or mortgage loan restructuring,
        assumptions or substitutions, foreclosure or accepting deeds-in-lieu thereof,
        asset management, disposition or other similar activities with respect to
        any
        Mortgage Loan or Mortgaged Property. 

       

      “Specially
        Serviced Mortgage Loan”:
        Any
        Mortgage Loan with respect to which:

       

      (a) the
        related Borrower is at least two months delinquent (without giving effect
        to any
        grace periods permitted by the related Mortgage Loan Documents) in the payment
        of a Monthly Payment;

       

      

      
        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

      

      

      (b) the
        related Borrower has expressed to the Servicer an inability to pay or a hardship
        in paying the Mortgage Loan in accordance with its terms;

       

      (c) the
        Servicer has received notice that the related Borrower has become the subject
        of
        any bankruptcy, insolvency or similar proceeding, or has admitted in writing
        the
        inability to pay its debts as they come due or made an assignment for the
        benefit of creditors;

       

      (d) the
        Servicer has received notice of a foreclosure or threatened foreclosure of
        any
        lien (other than the Mortgage Loan) on the related Mortgaged
        Property;

       

      (e) a
        default
        of which the Servicer has notice (other than a failure by the related Borrower
        to pay principal or interest) and which materially and adversely affects
        the
        interests of the Master Servicer, or after Securitization the trustee or
        certificateholders, has occurred and remains unremedied for the applicable
        grace
        period specified in the Mortgage Loan; or

       

      (f) the
        related Borrower has failed to make a balloon payment as and when due and
        such
        default has not been cured within 30 days after such due date;

       

      provided,
        however,
        that
        with respect to the circumstances described in clauses (b), (d) and (e),
        the
        Servicer has received written confirmation from the Master Servicer that
        such
        Mortgage Loan shall be a Specially Serviced Mortgage Loan. To the extent
        no
        other circumstances identified in clauses (a) through (f) above exist that
        would
        cause the Mortgage Loan to continue to be characterized as a Specially Serviced
        Mortgage Loan, a Mortgage Loan will cease to be a Specially Serviced Mortgage
        Loan:

       

      (i) with
        respect to the circumstances described in clauses (a) or (f) above, when
        the
        related Borrower has brought the Mortgage Loan current (or, with respect
        to the
        circumstances described in clause (f), pursuant to any work-out of the Mortgage
        Loan) and thereafter made three consecutive full and timely Monthly Payments
        (including pursuant to such workout); or

       

      (ii) with
        respect to the circumstances described in clauses (b), (c), (d) and (e) above,
        when such circumstances cease to exist or such default is cured, as applicable,
        in the reasonable judgment of the Servicer (as confirmed in writing by the
        Master Servicer).

       

      “Special
        Servicing Fee”:
        With
        respect to each Specially Serviced Mortgage Loan or REO Mortgage Loan, an
        amount
        equal to the product of (a) the related Special Servicing Fee Rate and (b)
        the
        outstanding principal balance of such Mortgage Loan, as calculated in accordance
        with Section 5.01.

       

      “Special
        Servicing Fee Rate”:
        A per
        annum rate equal to 0.750% (75 basis points).

       

      “Workout
        Fee”:
        In
        connection with the curing of any event of default under any Specially Serviced
        Mortgage Loan through a modification, restructuring or work-out of such Mortgage
        Loan effected by the Servicer and evidenced by a writing executed by the
        related
        Borrower, the fee payable to the Servicer in an amount equal to 1.5% of each
        collection of interest and principal (including scheduled payments, prepayments,
        balloon payments, payments at maturity and payments received with respect
        to a
        partial condemnation of a Mortgaged Property securing a Specially Serviced
        Mortgage Loan) received on such Mortgage Loan for so long as it remains a
        Corrected Loan. If the Servicer is terminated, it shall retain the right
        to
        receive any and all Workout Fees payable with respect to Mortgage Loans that
        became Corrected Mortgage Loans during the period that it acted as Special
        Servicer and were Corrected Loans at the time of such termination (and the
        successor Special Servicer shall not be entitled to any portion of such Workout
        Fees), in each case until the Workout Fee for any such loan ceases to be
        payable
        in accordance with the terms hereof. If the Servicer resolved the circumstances
        and/or conditions (including by way of a modification of the related Mortgage
        Loan Documents) causing the Mortgage Loan to be a Specially Serviced Mortgage
        Loan, but the Mortgage Loan had not as of the time the Servicer is terminated
        become a Corrected Loan solely because the related Borrower had not made
        three
        (3) consecutive monthly debt service payments and subsequently becomes a
        Corrected Mortgage Loan as a result of making such three (3) consecutive
        payments, the Servicer shall be entitled to any Workout Fees with respect
        to
        such Corrected Mortgage Loan and the successor servicer will not be entitled
        to
        any portion of those Workout Fees.

       

      

      
        
          
            
            

          

          
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      ARTICLE
        II

       

      RETENTION
        AND AUTHORITY OF SERVICER

       

      Section
        2.01 Engagement;
        Servicing Standard.

       

      The
        Master Servicer hereby engages the Servicer to perform, and the Servicer
        hereby
        agrees to perform, Loan Servicing with respect to each of the Mortgage Loans
        throughout the term of this Agreement, upon and subject to the terms, covenants
        and provisions hereof. 

       

      The
        Servicer shall perform its services hereunder (a) in accordance with (i)
        applicable laws, (ii) the terms and provisions of the Mortgage Loan Documents,
        (iii) the express terms hereof, and (iv) the customary and usual standards
        of
        practice of prudent institutional commercial mortgage loan servicers, and
        (b) to
        the extent consistent with the foregoing requirements, in the same manner
        in
        which the Servicer services commercial mortgage loans for other third party
        portfolios of mortgage loans similar to the Mortgage Loans, but without regard
        to any relationship which the Servicer or any Affiliate of the Servicer may
        have
        with the related Borrower or any Affiliate of such Borrower or to the Servicer’s
        right to receive compensation for its services hereunder. The servicing
        standards described in the preceding sentence are herein referred to as
“Accepted
        Servicing Practices”.

       

      Section
        2.02 Subservicing.

       

      The
        Servicer may subservice to any Person any of its Loan Servicing obligations
        hereunder only with the Master Servicer’s written consent or to the extent
        necessary for the Servicer to comply with any applicable laws, regulations,
        codes or ordinances relating to the Servicer’s Loan Servicing obligations
        hereunder; provided,
        however,
        that
        such Person shall be obligated to deliver any report, assessment, attestation
        or
        certification required pursuant to Sections 4.02, 4.03 and 4.04 hereof as
        if it
        were the Servicer hereunder. The Servicer shall provide oversight and
        supervision with regard to the performance of all subcontracted services
        and any
        subservicing agreement shall be consistent with and subject to the provisions
        of
        this Agreement. Neither the existence of any subservicing agreement nor any
        of
        the provisions of this Agreement relating to subservicing shall relieve the
        Servicer of its obligations to the Master Servicer hereunder. Notwithstanding
        any such subservicing agreement, the Servicer shall be obligated to the same
        extent and under the same terms and conditions as if the Servicer alone were
        servicing the related Mortgage Loans in accordance with the terms of this
        Agreement. The Servicer shall be solely liable for all fees owed by it to
        any
        subservicer, regardless of whether the Servicer’s compensation hereunder is
        sufficient to pay such fees.

       

       

      

      
        
          
            
            

          

          
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      Section
        2.03 Authority
        of the Servicer.

       

      (a) In
        performing its Loan Servicing obligations hereunder, the Servicer shall,
        except
        as otherwise provided herein and subject to the terms of this Agreement,
        have
        full power and authority, acting alone or through others, to take any and
        all
        actions in connection with such Loan Servicing that it deems necessary or
        appropriate. Without limiting the generality of the foregoing, the Servicer
        is
        hereby authorized and empowered by the Master Servicer when the Servicer
        deems
        it appropriate in its reasonable judgment, to execute and deliver, on behalf
        of
        the Master Servicer, or after Securitization the Securitization trust, (y)
        any
        and all financing statements, continuation statements and other documents
        or
        instruments necessary to maintain the lien of each Mortgage on the related
        Mortgaged Property and any other related collateral; and (z) any and all
        instruments of satisfaction or cancellation, or of partial or full release
        or
        discharge and all other comparable instruments with respect to each of the
        Mortgage Loans; provided,
        however,
        that
        the Servicer shall notify the Master Servicer in writing in the event that
        the
        Servicer intends to execute and deliver any such instrument referred to in
        clause (z) above, and, except in connection with any payment in full of any
        Mortgage Loan, shall proceed with such course of action only upon receipt
        of the
        Master Servicer’s written approval thereof. The Master Servicer agrees to
        cooperate with the Servicer by either executing and delivering to the Servicer
        from time to time (i) powers of attorney evidencing the Servicer’s authority and
        power under this Section, or (ii) such documents or instruments deemed necessary
        or appropriate by the Servicer to enable the Servicer to carry out its Loan
        Servicing obligations hereunder. 

       

      (b) In
        the
        performance of its Loan Servicing obligations hereunder, the Servicer shall
        take
        any action that is directed by the Master Servicer which relates to the
        Servicer’s Loan Servicing obligations under this Agreement; provided,
        however,
        that
        the Servicer shall not be obligated to take, or to refrain from taking, any
        action which the Master Servicer requests that the Servicer take or refrain
        from
        taking to the extent that the Servicer determines in its reasonable judgment
        that such action or inaction (i) may cause a violation of applicable laws,
        regulations, codes, ordinances, court orders or restrictive covenants with
        respect to any Mortgage Loan, Borrower, Mortgaged Property or REO Property;
        (ii)
        may
        cause a violation of
        any
        provision of a Mortgage Loan Document or (iii) may cause a violation of Accepted
        Servicing Practices.

       

      

      
        
          
            
            

          

          
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      ARTICLE
        III

       

      SERVICES
        TO BE PERFORMED

       

      Section
        3.01 Services
        as Loan Servicer.

       

      The
        Servicer hereby agrees to serve as the loan servicer with respect to each
        of the
        Mortgage Loans and to perform Loan Servicing as described below and as otherwise
        provided herein, upon and subject to the terms of this Agreement. Subject
        to any
        limitation of authority under Section 2.03, “Loan
        Servicing”
shall
        mean those services pertaining to the Mortgage Loans which, applying Accepted
        Servicing Practices, are required hereunder to be performed by the Servicer,
        and
        which shall include:

       

      (i) reviewing
        all available documents pertaining to the Mortgage Loans, organizing,
        administering and maintaining the Servicing Files, and inputting all relevant
        information into the Servicer’s loan servicing computer system;

       

      (ii) preparing
        and filing or recording all financing statements, continuation statements
        and
        other documents or instruments and taking such other action necessary to
        maintain the lien of any Mortgage on the related Mortgaged
        Property;

       

      (iii) monitoring
        each Borrower’s maintenance of insurance coverage on each Mortgaged Property as
        required by the related Mortgage Loan Documents and causing to be maintained
        adequate insurance coverage on each Mortgaged Property in accordance with
        Section 3.05;

       

      (iv) monitoring
        the status of real estate taxes, assessments and other similar items and
        verifying the payment of such items for each Mortgaged Property in accordance
        with Section 3.02;

       

      (v) preparing
        and delivering all reports and information required hereunder;

       

      (vi) procuring
        and supervising the services of third parties (other than subservicers pursuant
        to Section 2.02) necessary or appropriate in connection with the servicing
        of
        the Mortgage Loans by the Servicer;

       

      (vii) performing
        payment processing, record keeping, administration of escrow and other accounts,
        interest rate adjustment, and other routine customer service
        functions;

       

      (viii) monitoring
        any casualty losses or condemnation proceedings and administering any proceeds
        related thereto in accordance with the related Mortgage Loan
        Documents;

       

      (ix) notifying
        all Borrowers of the appropriate place for communications and payments, and
        collecting and monitoring all payments made with respect to the Mortgage
        Loans;

       

      

      
        
          
            
            

          

          
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      (x) administering
        any requests for assumptions of a Mortgage Loan or transfers of ownership
        of or
        placement of subordinate financing on a Mortgaged Property in accordance
        with
        Section 3.08;

       

      (xi) commencing
        on behalf of the Master Servicer any litigation or proceeding relating to
        the
        foreclosure or other realization upon the collateral under any of the Mortgage
        Loans, and retaining legal counsel in connection therewith, all in accordance
        with Section 3.09.

       

      (xii) selling
        or disposing of each Specially Serviced Mortgage Loan or REO Property in
        accordance with Section 3.10; 

       

      (xiii) managing
        and operating each REO Property in accordance with Section  3.11;

       

      (xiv) administering
        any proposals for modifications, waivers, amendments or consents with respect
        to
        any term of a Mortgage Loan in accordance with Section 3.12.

       

      Notwithstanding
        anything herein to the contrary, the Servicer shall not be required to undertake
        any lease approvals, loan modifications, workouts or restructuring, loan
        assumptions or substitutions, processing partial releases of collateral or
        subordinate financing requests, provided,
        however,
        that
        the Servicer shall be responsible for acting as the intermediary between
        the
        Borrower and the Master Servicer with respect to (x) processing Borrower
        requests for consents to actions and (y) the administration of the terms
        and
        provisions of the Mortgage Loan Documents, which includes, without limitation,
        collecting, organizing and forwarding to the Master Servicer any documents
        in
        the possession of the Servicer which relate to the Servicer’s obligation to act
        as such intermediary; and provided,
        further,
        that,
        subject to the above proviso, the Master Servicer shall be responsible for
        taking any actions regarding such Borrower requests and, therefore, shall
        be
        entitled to retain any modification fees, extension fees, assumption fees,
        and
        similar processing fees received from or on behalf of any Borrower unless
        and
        until the Master Servicer elects to engage the Servicer to perform such services
        pursuant to Sections 3.08 and 3.12.

       

      Section
        3.02 Escrow
        Accounts; Collection of Taxes, Assessments and Similar Items.

       

      (a) With
        respect to the Mortgage Loans described in the Mortgage Loan Schedule, and
        subject to and as required by the terms of the related Mortgage Loan Documents,
        the Servicer shall establish and maintain one or more Eligible Accounts (each,
        an “Escrow
        Account”)
        into
        which any or all Escrow Payments shall be deposited within one Business Day
        after receipt and identification. Escrow Accounts shall be denominated “Midland
        Loan Services, Inc. in Trust for [the
        applicable owner]
        and
        Various Borrowers” or in such other manner as the Master Servicer prescribes.
        The Servicer shall notify the Master Servicer in writing of the location
        and
        account number of each Escrow Account it establishes and shall notify the
        Master
        Servicer prior to any change thereof. Withdrawals of amounts from an Escrow
        Account may be made, subject to any express provisions to the contrary herein,
        applicable laws, and to the terms of the related Mortgage Loan Documents
        governing the use of the Escrow Payments, only: (i) to effect payment of
        taxes,
        assessments, insurance premiums, ground rents and other items required or
        permitted to be paid from escrow; (ii) to refund to the Borrowers any sums
        determined to be in excess of the amounts required to be deposited therein;
        (iii) to pay interest, if required under the Mortgage Loan Documents, to
        the
        Borrowers on balances in the Escrow Accounts; (iv) to pay to the Servicer
        from
        time to time any interest or investment income earned on funds deposited
        therein
        pursuant to Section 3.04; (v) to apply funds to the indebtedness of the Mortgage
        Loan in accordance with the terms thereof; (vi) to reimburse the Servicer
        for
        any Servicing Advance or other Servicing Expense (including interest thereon
        at
        the Advance Rate) for which Escrow Payments should have been made by the
        Borrowers, but only from amounts received on the Mortgage Loan which represent
        late collections of Escrow Payments thereunder; (vii) to withdraw any amount
        deposited in the Escrow Accounts which was not required to be deposited therein;
        or (viii) to clear and terminate the Escrow Accounts at the termination of
        this
        Agreement.

       

      

      
        
          
            
            

          

          
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      (b) The
        Servicer shall maintain accurate records with respect to each Mortgaged Property
        reflecting the status of taxes, assessments and other similar items that
        are or
        may become a lien thereon and the status of insurance premiums payable with
        respect thereto as well as the payment of ground rents with respect to each
        ground lease (to the extent such information is reasonably available). To
        the
        extent that the related Mortgage Loan Documents require Escrow Payments to
        be
        made by a Borrower, the Servicer shall use Reasonable Efforts to obtain,
        from
        time to time, all bills for the payment of such items, and shall effect payment
        prior to the applicable penalty or termination date, employing for such purpose
        Escrow Payments paid by the Borrower pursuant to the terms of the Mortgage
        Loan
        and deposited in the related Escrow Account by the Servicer. To the extent
        that
        the Mortgage Loan does not require a Borrower to make Escrow Payments, the
        Servicer shall use its Reasonable Efforts to require that any such payment
        be
        made by the Borrower prior to the applicable penalty or termination date.
        Subject to Section 3.05 with respect to the payment of insurance premiums,
        if a
        Borrower fails to make any such payment on a timely basis or collections
        from
        the Borrower are insufficient to pay any such item when due and the Servicer
        determines that an advance of such funds would constitute a Recoverable
        Servicing Advance, the Servicer shall consult with the Master Servicer regarding
        the timing for payment of taxes, assessments and other similar items and
        upon
        receipt of approval from the Master Servicer, make a Servicing Advance prior
        to
        the applicable penalty or termination date, as allowed under the terms of
        the
        related Mortgage Loan and, in any event, consistent with Accepted Servicing
        Practices. Notwithstanding anything to the contrary in the preceding sentence,
        with respect to Mortgage Loans that do not provide for escrows for the payment
        taxes and assessments, the Servicer shall, subject to prompt receipt of approval
        from the Master Servicer, make a Servicing Advance for the payment of such
        items
        upon the earlier of (i) five Business Days after the Servicer has received
        confirmation that such item has not been paid and (ii) the earlier of
        (A) 30 days after the date such payments first become due and (B) five
        Business Days before the scheduled date of foreclosure of any lien arising
        from
        nonpayment of such items. In no event shall the Servicer be required to make
        any
        such Servicing Advance that would not, if made, be a Recoverable Servicing
        Advance.

       

      (c) In
        accordance with Accepted Servicing Practices and for all Mortgage Loans,
        the
        Servicer shall consult with the Master Servicer regarding any Servicing Advance
        and upon receipt of approval from the Master Servicer make a Servicing Advance
        with respect to each related Mortgaged Property (including any REO Property)
        of
        all such funds as are necessary for the purpose of effecting the payment
        of
        (without duplication) (i) ground rents (if applicable), (ii) premiums
        on insurance policies, (iii) operating, leasing, managing and liquidation
        expenses for REO Properties, (iv) environmental inspections, (v) real
        estate taxes, assessments and other similar items that are or may become
        a lien
        thereon and (vi) any other amount specifically required to be paid as a
        Servicing Advance hereunder, if and to the extent monies in the Servicing
        Accounts are insufficient to pay such item when due and the related Borrower
        has
        failed to pay such item on a timely basis, provided
        that the
        Servicer shall only be required to make any such Servicing Advance that would,
        if made, constitute a Recoverable Servicing Advance.

       

      

      
        
          
            
            

          

          
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      Section
        3.03 Collection
        Accounts.

       

      (a) With
        respect to the Mortgage Loans, the Servicer shall establish and maintain
        one or
        more Eligible Accounts (each, a “Collection
        Account”)
        for
        the benefit of the trust for the purposes set forth herein. Collection Accounts
        shall be denominated “Midland Loan Services, Inc. in Trust for [the
        applicable owner]”
or
        in
        such other manner as the Master Servicer prescribes. The Servicer shall deposit
        into the Collection Accounts within one (1) Business Day after receipt all
        payments and collections received by it on or after the date hereof with
        respect
        to the Mortgage Loans, other than payments and collections with respect to
        any
        REO Property (which shall be deposited into the Collection Account from amounts
        withdrawn from the related REO Account pursuant to Section 3.11(a)), Escrow
        Payments or payments in the nature of Additional Servicing
        Compensation.

       

      (b) The
        Servicer shall make withdrawals from the Collection Accounts only as follows
        (the order set forth below not constituting an order of priority for such
        withdrawals):

       

      (i) to
        withdraw any amount deposited in the Collection Accounts which was not required
        to be deposited therein;

       

      (ii) pursuant
        to Section 5.01, to pay to the Servicer the Servicing Fee, Special Servicing
        Fee, Workout Fee and Disposition Fee on each Remittance Date;

       

      (iii) pursuant
        to Section 5.02, to pay or reimburse the Servicer for any Servicing Advances
        or
        other Servicing Expenses(including interest thereon at the Advance
        Rate);

       

      (iv) to
        pay to
        the Servicer from time to time any interest or investment income earned on
        funds
        deposited in the Collection Accounts pursuant to Section 3.04;

       

      (v) to
        remit
        to the Master Servicer on each Remittance Date, pursuant to wiring instructions
        from the Master Servicer, all amounts (which, for the avoidance of doubt
        shall
        include all prepayment penalties collected from the borrower) on deposit
        in the
        Collection Accounts (that represent good funds) as of the close of business
        on
        the Determination Date, net of any withdrawals from the Collection Account
        pursuant to this Section;

       

      (vi) to
        clear
        and terminate the Collection Accounts upon the termination of this
        Agreement;

       

      

      
        
          
            
            

          

          
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      (vii) to
        pay
        the Excess Servicing Strip to itself or any holder therof; and

       

      (viii) to
        reimburse itself out of general collections for any Servicing Advance made
        that
        has been deemed by the Servicer to be a Nonrecoverable Advance.

       

      Section
        3.04 Permitted
        Investments.

       

      The
        Servicer may direct any depository institution or trust company in which
        the
        Accounts are maintained to invest the funds held therein in one or more
        Permitted Investments; provided,
        however,
        that
        such funds shall be either (i) immediately available or (ii) available in
        accordance with a schedule which will permit the Servicer to meet its payment
        obligations hereunder. The Servicer shall be entitled to all income and gain
        realized from the investment of funds deposited in the Accounts. The Servicer
        shall deposit from its own funds in the applicable Account the amount of
        any
        loss incurred in respect of any such investment of funds immediately upon
        the
        realization of such loss. Notwithstanding the foregoing, the Servicer shall
        not
        direct the investment of funds held in any Escrow Account and retain the
        income
        and gain realized therefrom if the related Mortgage Loan Documents or applicable
        law permit the Borrower to be entitled to the income and gain realized from
        the
        investment of funds deposited therein. In such event, the Servicer shall
        direct
        the depository institution or trust company in which such Escrow Accounts
        are
        maintained to invest the funds held therein (1) in accordance with the
        Borrower’s written investment instructions, if the Mortgage Loan Documents or
        applicable law require such funds to be invested in accordance with the
        Borrower’s direction; and (2) in accordance with the Master Servicer’s written
        investment instructions, if the Mortgage Loan Documents and applicable law
        do
        not permit the Borrower to direct the investment of such funds; provided,
        however,
        that in
        either event (i) such funds shall be either (y) immediately available or
        (z)
        available in accordance with a schedule which will permit the Servicer to
        meet
        the payment obligations for which the Escrow Account was established, and
        (ii)
        the Servicer shall have no liability for any loss in investments of such
        funds
        that are invested pursuant to such written instructions.

       

      Section
        3.05 Maintenance
        of Insurance Policies. 

       

      (a) The
        Servicer shall use its Reasonable Efforts to cause the Borrower of each Mortgage
        Loan to maintain for each Mortgage Loan such insurance as is required to
        be
        maintained pursuant to the related Mortgage Loan Documents. If the Borrower
        fails to maintain such insurance, then the Servicer shall notify the Master
        Servicer of such breach and, to the extent available at commercially reasonable
        rates, cause to be maintained (i) fire and hazard insurance with extended
        coverage in an amount which is at least equal to the lesser of the current
        principal balance of such Mortgage Loan and the replacement cost of the
        improvements which are a part of the related Mortgaged Property and (ii)
        to the
        extent that the Mortgaged Property is located in a federally designated special
        flood hazard area, flood insurance in respect thereof. Such flood insurance
        shall be in an amount equal to the lesser of (y) the unpaid principal balance
        of
        the related Mortgage Loan or (z) the maximum amount of such insurance as
        is
        available for the related Mortgaged Property under the National Flood Insurance
        Act. After notifying the Master Servicer pursuant to the second preceding
        sentence, the Servicer shall take such action as the Master Servicer reasonably
        requests with respect to the maintenance of any other forms of insurance
        which
        are required to be maintained pursuant to the related Mortgage Loan Documents,
        except to the extent that such insurance is not available at commercially
        reasonable rates or the Master Servicer, or after Securitization the
        Securitization trust, as mortgagee, does not have an insurable interest.
        The
        Servicer shall, to the extent available at commercially reasonable rates,
        maintain for each REO Property no less insurance coverage than was previously
        required with respect to the related Mortgaged Property or as may be required
        at
        any time by the Master Servicer in writing. All such policies, except for
        policies maintained for any REO Mortgaged Property, shall be endorsed with
        standard mortgagee clauses with loss payable to the Master Servicer, and
        shall
        be in an amount sufficient to avoid the application of any co-insurance clause.
        The costs of maintaining the insurance policies which the Servicer is required
        to maintain pursuant to this Section shall be paid by the Servicer as a
        Servicing Advance.

       

      

      
        
          
            
            

          

          
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      (b) The
        Servicer may fulfill its obligation to maintain insurance, as provided in
        Section 3.05(a), through a master force placed insurance policy, the cost
        of
        which shall be paid by the Servicer as a Servicing Advance, provided that
        such
        cost is limited to the incremental cost of such policy allocable to such
        Mortgaged Property or REO Property (i.e., other than any minimum or standby
        premium payable for such policy whether or not any Mortgaged Property is
        then
        covered thereby, which shall be paid by the Servicer). Such master force
        placed
        insurance policy may contain a deductible clause, in which case the Servicer
        shall, in the event that there shall not have been maintained on the related
        Mortgaged Property or REO Property a policy otherwise complying with the
        provisions of Section 3.05(a), and there shall have been one or more losses
        which would have been covered by such a policy had it been maintained,
        immediately deposit into the related Collection Account from its own funds
        the
        amount not otherwise payable under the master force placed insurance policy
        because of such deductible to the extent that such deductible exceeds the
        deductible limitation required under the related Mortgage Loan Documents,
        or, in
        the absence of such deductible limitation, the deductible limitation which
        is
        consistent with Accepted Servicing Practices. 

       

      (c) The
        Servicer shall maintain at its own expense a fidelity bond in form and amount
        that is consistent with Accepted Servicing Practices. In addition, the Servicer
        shall keep in force, at its own expense during the term of this Agreement,
        a
        policy or policies of insurance in form and amounts that are consistent with
        Accepted Servicing Practices, covering loss occasioned by the errors and
        omissions of the Servicer’s officers and employees in connection with its
        obligations hereunder.

       

      Section
        3.06 Delivery
        and Possession of Servicing Files.

       

      On
        or
        before the related Servicing Transfer Date, the Master Servicer shall deliver
        or
        cause to be delivered to the Servicer (i) a Servicing File with respect to
        each
        Mortgage Loan; and (ii) the amounts, if any, received by the Master Servicer
        representing Escrow Payments previously made by the Borrowers. The Servicer
        shall promptly acknowledge receipt of the Servicing File and Escrow Payments
        for
        the Mortgage Loans and shall promptly deposit such Escrow Payments in the
        Escrow
        Accounts established pursuant to this Agreement. The contents of each Servicing
        File delivered to the Servicer are and shall be held in trust by the Servicer
        for the benefit of the Master Servicer as the owner thereof or, in the case
        of a
        Securitization, held in trust by the Servicer for the benefit of the
        Securitization trust; the Servicer’s possession of the contents of each
        Servicing File so delivered is for the sole purpose of servicing the related
        Mortgage Loan; and such possession by the Servicer shall be in a custodial
        capacity only. The Servicer shall release its custody of the contents of
        any
        Servicing File only in accordance with written instructions from the Master
        Servicer, and upon request of the Master Servicer, the Servicer shall deliver
        to
        the Master Servicer the Servicing File or a copy of any document contained
        therein; provided,
        however,
        that if
        the Servicer is unable to perform its Loan Servicing obligations with respect
        to
        the related Mortgage Loan after any such release or delivery of the Servicing
        File, then the Servicer’s responsibilities for Loan Servicing with respect to
        such Mortgage Loan may be terminated immediately by the Servicer upon written
        notice to the Master Servicer.

       

       

      

      
        
          
            
            

          

          
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      Section
        3.07 Inspections.

       

      The
        Servicer shall perform a physical inspection of each Mortgaged Property or
        REO
        Property at least annually for Mortgage Loans with outstanding principal
        balance
        of more than $1,000,000 and every other year for Mortgage Loans with an
        outstanding principal balance of less than or equal to $1,000,000 or if (a)
        the
        related Mortgage Loan becomes a Specially Serviced Mortgage Loan, (b) the
        Master
        Servicer requests such an inspection, or (c) the Servicer, with the approval
        of
        the Master Servicer, determines that it is prudent to conduct such an
        inspection. The Servicer shall prepare a written report of each such inspection
        and shall promptly deliver a copy of such report to the Master Servicer.
        The
        reasonable out-of-pocket expenses incurred by the Servicer in connection
        with
        any such inspections (including any out-of-pocket expenses related to travel
        and
        lodging and any charges incurred through the use of a qualified third party
        to
        perform such services) shall be paid as a Servicing Expense; provided,
        however,
        that
        with respect to the annual (or every other year) inspection of any Mortgaged
        Property or the initial inspection of any Mortgaged Property relating to
        any
        Specially Serviced Mortgage Loan, such expenses shall be borne by the
        Servicer.

       

      Section
        3.08 “Due-on-Sale”
        Clauses; Assumption Agreements.

       

      When
        any
        Borrower proposes to convey or encumber all or any portion of its interests
        in a
        Mortgaged Property, or if such conveyance or encumbrance has actually occurred,
        to the extent that the Servicer has actual knowledge of such conveyance or
        encumbrance, the Servicer shall immediately give notice thereof to the Master
        Servicer and take such related actions as the Master Servicer reasonably
        directs, including (i) waiving or enforcing any due-on-sale clause or
        due-on-encumbrance clause contained in the related Mortgage Loan Documents,
        to
        the extent permitted under the terms of the related Mortgage Loan Documents
        and
        applicable law, (ii) taking or entering into an assumption or substitution
        agreement from or with the Person to whom such Mortgaged Property has been
        or
        shall be conveyed, and (iii) releasing the original Borrower from liability
        upon
        the related Mortgage Loan and substituting the new Borrower as the obligor
        thereon.

       

      To
        the
        extent the Servicer is engaged by the Master Servicer to perform analysis,
        processing and administrative functions in connection with any request by
        a
        Borrower to waive any such due-on-sale clause or due-on-encumbrance clause
        and/or to enter into any such assumption or substitution agreement, the Servicer
        may, as a condition to granting any such request require (to the extent
        permitted by applicable law) that such Borrower pay to it, as Additional
        Servicing Compensation, a reasonable and customary fee consistent with Accepted
        Servicing Practices in connection with such request, together with any related
        costs and expenses incurred by the Servicer; provided,
        however,
        that in
        the event that the Borrower fails or is unable to pay any such costs and
        expenses, or the Master Servicer directs the Servicer to waive any requirement
        that the Borrower pay any such costs or expenses, the same shall be paid
        by the
        Servicer as a Servicing Advance.

       

       

      

      
        
          
            
            

          

          
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      Section
        3.09 Realization
        Upon Mortgaged Properties.

       

      (a) Upon
        the
        failure of any Borrower to make any required payment of principal, interest
        or
        other amounts due under a Mortgage Loan, or otherwise to perform fully any
        material obligations under any of the related Mortgage Loan Documents, in
        either
        case within any applicable grace period, the Servicer shall, upon discovery
        of
        such failure, promptly notify the Master Servicer in writing. The Servicer
        shall
        issue notices of default, declare events of default, declare due the entire
        outstanding principal balance, and otherwise take all reasonable actions
        under
        the related Mortgage Loan in preparation for the Master Servicer to realize
        upon
        the underlying collateral. With respect to any Specially Serviced Mortgage
        Loan,
        the Servicer shall, as permitted under the provisions of the related Mortgage
        Loan Documents, and subject to the Master Servicer’s prior written consent,
        foreclose upon or otherwise comparably convert the ownership of the related
        Mortgaged Property. In connection with such foreclosure or other conversion,
        the
        Servicer shall, subject to the consent or direction of the Master Servicer,
        follow such practices and procedures as it shall deem necessary or advisable
        and
        as shall be consistent with Accepted Servicing Practices. All costs and expenses
        incurred by the Servicer in any such proceedings shall be paid by the Servicer
        as a Servicing Advance.

       

      (b) If
        title
        to any 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
        Master Servicer’s nominee, or after Securitization the nominee of the
        Securitization trustee, but in no event shall such deed or certificate be
        taken
        in the name of the Servicer. Notwithstanding any such acquisition of title
        and
        cancellation of the related Mortgage Loan, such Mortgage Loan shall be
        considered to be an REO Mortgage Loan held by the Master Servicer or after
        Securitization the Securitization trustee until such time as the related
        REO
        Property shall be sold, transferred or conveyed by the Master Servicer or
        such
        trustee. Consistent with the foregoing, for purposes of all calculations
        hereunder, so long as such REO Mortgage Loan shall be considered to be an
        outstanding Mortgage Loan, payments and collections with respect to the related
        REO Property received in any month (net of related expenses) shall be applied
        to
        amounts which would have been payable under the related Note in accordance
        with
        the terms of such Note.

       

      (c) Except
        as
        otherwise provided in written instructions delivered to the Servicer by the
        Master Servicer, the Servicer shall not obtain title to any Mortgaged Property
        as a result or in lieu of foreclosure or otherwise, and shall not otherwise
        acquire possession of, or take other action with respect to, any Mortgaged
        Property, if, as a result of any such action, the Master Servicer, or after
        Securitization the Securitization trustee, would be considered to hold title
        to,
        to be a “mortgagee-in-possession” of, or to be an “owner” or “operator” of such
        Mortgaged Property within the meaning of any Environmental Law, or a
“discharger” or “responsible party” thereunder, unless the Servicer has also
        previously determined, based on a report prepared by a Person who regularly
        conducts environmental site assessments, that:

       

      

      
        
          
            
            

          

          
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      (i) such
        Mortgaged Property is in compliance with applicable Environmental Laws or,
        if
        not, that taking such actions as are necessary to bring such Mortgaged Property
        into compliance therewith is reasonably likely to produce a greater recovery
        on
        a present value basis than not taking such actions; and

       

      (ii) there
        are
        no circumstances present on such Mortgaged Property relating to the use,
        management or disposal of any Hazardous Materials for which investigation,
        testing, monitoring, containment, clean-up or remediation could be required
        under any applicable Environmental Law, or that, if any such Hazardous Materials
        are present for which such action could be required, taking such actions
        with
        respect to the affected Mortgaged Property is reasonably likely to produce
        a
        greater recovery on a present value basis than not taking such
        actions.

       

      If
        the
        Servicer has so determined based on satisfaction of the criteria in clauses
        (i)
        and (ii) above that it would be in the best economic interest of the Master
        Servicer, or after Securitization the Securitization trustee, to take any
        such
        actions, the Servicer shall notify the Master Servicer of such proposed action.
        The Servicer shall take such action only if authorized by the Master Servicer
        in
        writing. The costs of any such compliance, containment, clean-up or remediation
        shall be paid by the Servicer as a Servicing Expense.

       

      If
        the
        environmental assessment first obtained by the Servicer with respect to a
        Mortgaged Property indicates that such Mortgaged Property may not be in
        compliance with applicable Environmental Laws or that Hazardous Materials
        may be
        present but does not definitively establish such fact, the Servicer, subject
        to
        the Master Servicer’s prior written consent, shall cause such further
        environmental assessments to be conducted.

       

      (d) The
        environmental site assessments contemplated by Section 3.09(c) shall be prepared
        by any Person who is recommended by the Servicer and approved in writing
        by the
        Master Servicer or such other Person as directed in writing by the Master
        Servicer. The cost of preparation of any environmental assessment shall be
        paid
        by the Servicer as a Servicing Expense.

       

      (e) If
        the
        Servicer determines, pursuant to Section 3.09(c), that taking such actions
        as
        are necessary to bring any Mortgaged Property into compliance with applicable
        Environmental Laws, or taking such actions with respect to the containment,
        clean-up, removal or remediation of hazardous substances, hazardous materials,
        hazardous wastes, or petroleum-based materials affecting any such Mortgaged
        Property, is not reasonably likely to produce a greater recovery on a present
        value basis than not taking such actions, then the Servicer shall take such
        action as directed in writing by the Master Servicer, including, without
        limitation, releasing the lien of the related Mortgage with respect to the
        affected Mortgaged Property.

       

      Section
        3.10 Sale
        of Specially Serviced Mortgage Loans and REO Properties.

       

      (a) With
        respect to any Specially Serviced Mortgage Loan or REO Property, when and
        if
        directed in writing by the Master Servicer, the Servicer shall use its
        Reasonable Efforts to sell to any Person (other than an Affiliate of the
        Servicer) such Specially Serviced Mortgage Loan or REO Property on commercially
        reasonable terms which are consistent with Accepted Servicing Practices;
        provided,
        however,
        that
        any such sale must be approved in writing by the Master Servicer. 

       

      

      
        
          
            
            

          

          
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      (b) Subject
        to Section 3.10(a), the Servicer shall act on behalf of the Master Servicer
        in
        negotiating and taking any such action necessary or appropriate in connection
        with the sale of any Specially Serviced Mortgage Loan or REO Property, including
        the collection of all amounts payable in connection therewith. Any sale of
        any
        Specially Serviced Mortgage Loan or REO Property shall be without recourse
        to,
        or representation or warranty by, the Master Servicer, the Servicer, or after
        Securitization the Securitization trust (except that any contract of sale
        and
        conveyance documents may contain customary warranties of title and condition).
        The Net Liquidation Proceeds (after deduction of the Disposition Fee) shall
        be
        promptly deposited by the Servicer in the related Collection
        Account.

       

      Section
        3.11 Management
        of REO Property.

       

      (a) Upon
        the
        acquisition by the Master Servicer of any REO Property, the Servicer shall
        have
        full power and authority, subject to the specific requirements and prohibitions
        of this Agreement, to do or authorize to be done any and all things in
        connection therewith as are consistent with Accepted Servicing Practices,
        all on
        terms and for such period as the Servicer deems to be in the best economic
        interest of the Master Servicer. The Servicer shall segregate and hold all
        revenues received by it with respect to any REO Property separate and apart
        from
        its own funds and general assets and shall establish and maintain with respect
        to any REO Property one or more Eligible Accounts (each, an “REO
        Account”)
        for
        the purposes set forth herein. REO Accounts shall be Eligible Accounts and
        shall
        be denominated “Midland Loan Services, Inc. in Trust for IMPAC Commercial
        Capital Corporation” or in such other manner as the Master Servicer prescribes.
        The Servicer shall be entitled to any interest or investment income earned
        on
        funds deposited in an REO Account pursuant to Section 3.04. In connection
        therewith, the Servicer shall deposit or cause to be deposited in the REO
        Account within one (1) Business Day after receipt all revenues received by
        it
        with respect to any REO Property (except for any Net Liquidation Proceeds),
        and
        shall withdraw therefrom funds necessary for the proper maintenance, leasing,
        operation, management and sale of any REO Property, including:

       

      (i) all
        insurance premiums due and payable in respect of such REO Property;

       

      (ii) all
        taxes
        and assessments in respect of such REO Property that could result or have
        resulted in the imposition of a lien thereon;

       

      (iii) all
        ground rental payments, if applicable, with respect to such REO Property;
        and

       

      (iv) all
        costs
        and expenses necessary to maintain, lease, operate, manage and sell such
        REO
        Property, including the management fee payable to the property manager engaged
        by Servicer pursuant to Section 3.11(b).

       

      To
        the
        extent that amounts on deposit in any REO Account are insufficient for the
        purposes set forth above, and the Servicer determines that advancing such
        funds
        would constitute a Recoverable Servicing Advance, the Servicer shall consult
        with the Master Servicer regarding such Servicing Advance and upon receipt
        of
        approval from the Master Servicer, make a Servicing Advance. The Servicer
        shall
        withdraw from each REO Account and deposit into the related Collection Account
        on a monthly basis on or prior to the related Remittance Date the income,
        net of
        expenses, received or collected from each REO Property; provided,
        however,
        that
        the Servicer may retain in each REO Account funds sufficient for the payment
        of
        the items set forth in clauses (i) through (iv) above, including, without
        limitation, the creation of reasonable reserves for repairs, replacements,
        and
        necessary capital improvements and other related expenses.

       

      

      
        
          
            
            

          

          
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      (b) The
        Servicer may contract with any Person as a property manager for the operation
        and management of any REO Property; provided,
        however,
        that:

       

      (i) the
        terms
        and conditions of any such contract shall not be inconsistent herewith and
        the
        Master Servicer has provided its written consent (which shall not be
        unreasonably withheld) with respect to such property manager; 

       

      (ii) none
        of
        the provisions of this Section relating to any such contract or to actions
        taken
        through any such Person shall be deemed to relieve the Servicer of any of
        its
        duties and obligations to the Master Servicer with respect to the operation
        and
        management of such REO Property; and

       

      (iii) the
        Servicer shall be obligated with respect thereto to the same extent as if
        it
        alone were performing all duties and obligations in connection with the
        operation and management of such REO Property.

       

      Section
        3.12 Modifications,
        Waivers, Amendments and Consents.

       

      (a) When
        any
        Borrower proposes any modification, waiver or amendment of any term of any
        Mortgage Loan or requests any consents related thereto, the Servicer shall
        immediately give notice thereof to the Master Servicer and take such related
        actions as the Master Servicer directs, except with respect to any Borrower
        proposal or request which involves any required payment from the Borrower
        in the
        nature of Additional Servicing Compensation to which the Servicer is properly
        entitled. All modifications, waivers or amendments of any Mortgage Loan or
        consents related thereto shall be in writing.

       

      (b) To
        the
        extent the Servicer is engaged by the Master Servicer to perform analysis,
        processing and administrative functions in connection with any request by
        a
        Borrower for any consent, modification, waiver or amendment the Servicer
        may, as
        a condition to granting any such request require (to the extent permitted
        by
        applicable law) that such Borrower pay to it, as Additional Servicing
        Compensation, a reasonable and customary fee consistent with Accepted Servicing
        Practices in connection with such request, together with any related costs
        and
        expenses incurred by the Servicer; provided,
        however,
        that in
        the event that the Borrower fails or is unable to pay any such costs and
        expenses, or the Master Servicer directs the Servicer to waive any requirement
        that the Borrower pay any such costs or expenses, the same shall be paid
        by the
        Servicer as a Servicing Advance.

       

      

      
        
          
            
            

          

          
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      ARTICLE
        IV

       

      STATEMENTS
        AND REPORTS

       

      Section
        4.01 Reporting
        by the Servicer.

       

      (a) On
        the
        first Business Day after Determination Date, the Servicer shall render to
        the
        Master Servicer a remittance report, which would include any activity with
        respect to the Mortgage Loans for the period covering the 16th
        of the
        prior month to the 15th
        of the
        current month (or, in the case of the first Remittance Date, the Servicing
        Transfer Date), in a format and containing such information as the Master
        Servicer shall reasonably require. Such report shall be made available in
        both
        written and electronic format.

       

      (b) Each
        year
        beginning in the calendar year which immediately succeeds the year hereof,
        the
        Servicer shall prepare and file the reports of foreclosures and abandonments
        of
        any Mortgaged Property and the annual information returns with respect to
        each
        Borrower’s debt service payments under the Mortgage Loans as required by
        Sections 6050J and 6050H, respectively, of the Internal Revenue Code and
        the
        rules and regulations promulgated thereunder, as amended.

       

      (c) Not
        later
        than twenty days after each Remittance Date, the Servicer shall forward to
        the
        Master Servicer a statement, setting forth the status of the Accounts as
        of the
        close of business on such Remittance Date showing, for the period from the
        preceding Remittance Date (or, in the case of the first Remittance Date,
        the
        Servicing Transfer Date) to such Remittance Date, the aggregate of deposits
        into
        and withdrawals from the Accounts.

       

      (d) The
        Servicer will provide the Master Servicer with immediate on- line Internet
        website access to Portfolio
        Investor Insight®
with
        respect to the Mortgage Loans,
        subject
        to such reasonable policies, procedures and limitations as the parties may
        agree
        upon from time to time.

       

      (e) The
        Servicer shall use its Reasonable Efforts to promptly collect from each Borrower
        (and forward on to the Master Servicer) the property operating statements,
        rent
        rolls, financial statements and other financial reports which are required
        to be
        delivered by the Borrower pursuant to the related Mortgage Loan Documents.
        The
        Servicer shall promptly (i) review and analyze such items as may be collected;
        (ii) prepare written reports based on such analysis; and (iii) deliver copies
        of
        such written reports to the Master Servicer.

       

      (f) The
        Servicer shall provide the Master Servicer with any summary reports prepared
        by
        any Rating Agency with respect to the Servicer’s ranking by such Rating
        Agency.

       

      (g) Unless
        otherwise specifically stated herein, if the Servicer is required to deliver
        any
        statement, report or information under any provisions of this Agreement,
        the
        Servicer may satisfy such obligation by (x) physically delivering a paper
        copy
        of such statement, report or information, (y) delivering such statement,
        report
        or information in a commonly used electronic format, or (z) making such
        statement, report or information available on the Servicer's Internet website,
        unless this Agreement expressly specifies a particular method of
        delivery.

       

      Section
        4.02 Annual
        Statements of Compliance.

       

      

      
        
          
            
            

          

          
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      (a) The
        Servicer will deliver to the Depositor and the Trustee, with a copy to the
        Certificate Insurer, not later than March 15th of each calendar year, beginning
        in 2008, an Officer’s Certificate (an “Annual Statement of Compliance”) stating
        that, as to each signatory thereof, (i) a review of the activities of the
        Servicer during the preceding calendar year and of its performance under
        this
        Agreement or other applicable agreement 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 material obligations under
        this
        Agreement in all material respects throughout such 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 of cure provisions
        thereof. Such Annual Statement of Compliance shall contain no restrictions
        or
        limitations on its use.

       

      Failure
        of the Servicer to timely comply with this Section 4.02 shall be deemed an
        Event
        of Default, and the Master Servicer may, in addition to whatever rights the
        Master Servicer may have under this Agreement and at law or equity or to
        damages, including injunctive relief and specific performance, upon notice
        immediately terminate all the rights and obligations of the Servicer under
        this
        Agreement and in and to the Mortgage Loans and the proceeds thereof without
        compensating the Servicer except
        for compensation due under Section 8.01(b) and the right to the Excess Servicing
        Strip.

       

      (b) The
        Servicer shall deliver to the Depositor and the Trustee, with a copy to the
        Certificate Insurer, promptly after having obtained knowledge thereof, but
        in no
        event later than five Business Days thereafter, written notice by means of
        an
        Officer’s Certificate of any event which with the giving of notice or the lapse
        of time or both, would become an Event of Default.

       

      Section
        4.03 Assessments
        of Compliance and Attestation Reports.

       

      On
        and
        after the Servicing Transfer Date, the Servicer shall service and administer
        the
        Mortgage Loans in accordance with all applicable requirements of the Servicing
        Criteria. Pursuant to Rules 13a-18 and 15d-18 of the Exchange Act and Item
        1123
        of Regulation AB, the Servicer shall deliver to the Trustee, the Depositor,
        the
Certificate
        Insurer
        and each
        Rating Agency on or before March 15th of each calendar year beginning in
        2008, a
        report regarding the Servicer’s assessment of compliance (an “Assessment of
        Compliance”) with the Servicing Criteria during the preceding calendar year. The
        Assessment of Compliance must be reasonably satisfactory to the Trustee,
        and as
        set forth in Regulation AB, the Assessment of Compliance must contain the
        following:

       

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

       

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

       

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

       

      

      
        
          
            
            

          

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

       

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

       

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

       

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

       

      Failure
        of the Servicer to timely comply with this Section 4.03 shall be deemed an
        Event
        of Default, and the Master Servicer may, in addition to whatever rights the
        Master Servicer may have under this Agreement and at law or equity or to
        damages, including injunctive relief and specific performance, upon notice
        immediately terminate all the rights and obligations of the Servicer under
        this
        Agreement and in and to the Mortgage Loans and the proceeds thereof without
        compensating the Servicer except for compensation due under Section 8.01(b)
        and
        the right to the Excess Servicing Strip.

       

      Section
        4.04 Exchange
        Act Reporting.

       

      The
        Servicer shall fully cooperate with the Master Servicer in connection with
        the
        Trust’s satisfying the reporting requirements under the Exchange
        Act.

       

      Within
        12
        calendar days after each Distribution Date, the Trustee shall, in accordance
        with industry standards, file with the Commission via the Electronic Data
        Gathering and Retrieval System ("EDGAR"), a Distribution Report on Form 10-D,
        signed by the Depositor, with a copy of the monthly statement to be furnished
        by
        the Trustee to the Certificateholders for such Distribution Date. Any disclosure
        in addition to the monthly statement required to be included on the Form
        10-D
        (“Additional Form 10-D Disclosure”) shall be determined and prepared by the
        entity that is indicated in Exhibit C as the responsible party for providing
        that information, if other than the Trustee.

       

      For
        so
        long as the Trust is subject to the Exchange Act reporting requirements,
        within
        3 calendar days after the related Distribution Date, each entity that is
        indicated in Exhibit C as the responsible party for providing Additional
        Form
        10-D Disclosure shall be required to provide to the Trustee and the Depositor,
        to the extent known by a responsible party thereof, clearly identifying which
        item of Form 10-D the information relates to, any Additional Form 10-D
        Disclosure, if applicable.

       

      

      
        
          
            
            

          

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

       

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

       

      Any
        disclosure or information that is required to be included on Form 10-K
        ("Additional
        Form 10-K Disclosure")
        shall
        be determined and prepared by the entity that is indicated in Exhibit C as
        the
        responsible party for providing that information, if other than the
        Trustee.

       

      On
        or
        prior to (x) March 15, 2008 and (y) unless and until a Form 15 Suspension
        Notice
        shall have been filed, prior to March 31 of each year thereafter, each entity
        that is indicated in Exhibit C as the responsible party for providing Additional
        Form 10-K Disclosure shall be required to provide to the Trustee and the
        Depositor, to the extent known by a responsible party thereof, the form and
        substance of any Additional Form 10-K Disclosure Information, if
        applicable.

       

      ARTICLE
        V

       

      SERVICER’S
        COMPENSATION AND EXPENSES

       

      Section
        5.01 Servicing
        Compensation.

       

      As
        consideration for servicing the Mortgage Loans subject to this Agreement,
        the
        Servicer shall be entitled to a Servicing Fee for each Mortgage Loan remaining
        subject to this Agreement during any calendar month or part thereof. Such
        Servicing Fee shall be payable monthly on the Remittance Date and shall be
        computed on the basis of the same outstanding principal balance and for the
        period with respect to which any related interest payment on the related
        Mortgage Loan is computed. The Servicer may pay itself the Servicing Fee
        on each
        Remittance Date from amounts on deposit in the related Collection
        Account.

       

      

      
        
          
            
            

          

          
            26

            
              

            

          

          
            
            

          

        

      

      

      As
        further compensation for its activities hereunder, the Servicer shall be
        entitled to retain any payments or collections received by it which are in
        the
        nature of Additional Servicing Compensation.

       

      As
        compensation for its special servicing activities hereunder, the Servicer
        shall
        be entitled to the Special Servicing Fee for each Specially Serviced Mortgage
        Loan or REO Property remaining subject to this Agreement during any calendar
        month or part thereof. Such Special Servicing Fee shall be payable monthly
        on
        the Remittance Date and shall be computed on the basis of the same outstanding
        principal balance and for the period with respect to which any related interest
        payment on the related Mortgage Loan is computed. The Servicer may pay itself
        the Special Servicing Fee on each Remittance Date from amounts on deposit
        in the
        related Collection Account. The Servicer shall not be entitled to the Servicing
        Fee for any Mortgage Loan in the event the Servicer is entitled to receive
        the
        Special Servicing Fee for such Mortgage Loan.

       

      In
        addition to the other servicing compensation provided for in this Agreement,
        and
        not in lieu thereof, the Servicer shall be entitled to (i) the Disposition
        Fee,
        which shall be payable out of Net Liquidation Proceeds prior to the deposit
        of
        Net Liquidation Proceeds into the Collection Account; and (ii) the Workout
        Fee
        which shall be payable on each Remittance Date.

       

      To
        the
        extent that amounts on deposit in the Collection Account are insufficient
        for
        the payment of the Servicing Fee, Special Servicing Fee or Workout Fee, the
        Master Servicer shall pay any such shortfall to the Servicer within ten (10)
        Business Days after the Master Servicer’s receipt of an itemized invoice
        therefor.

       

      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
        thereof except as specifically provided for herein.

       

      Notwithstanding
        anything herein to the contrary, Midland Loan Services, Inc. (and its successors
        and assigns) shall also be entitled to the Excess Servicing Strip with respect
        to the Mortgage Loans that it is servicing and may at its option assign or
        pledge to any third party or retain for itself the Excess Servicing Strip.
        To
        the extent the Servicer has not retained the Excess Servicing Strip pursuant
        to
        Section 3.03 hereof, the Master Servicer (or its successor hereunder, if
        any)
        shall pay the Excess Servicing Strip to the holder of the Excess Servicing
        Strip
        (i.e., Midland Loan Services, Inc. or any such third party) at such time
        and to
        the extent the Master Servicer is entitled to receive payment of its Master
        Servicing Fees hereunder, notwithstanding any resignation or termination
        of the
        Master Servicer hereunder. In the event that Midland Loan Services, Inc.
        is
        terminated or resigns as servicer, it (and its successors and assigns) will
        be
        entitled to retain the Excess Servicing Strip.

       

      Section
        5.02 Servicing
        Advances.

       

      (a) Notwithstanding
        any other provision hereof, the Servicer shall obtain the written approval
        of
        the Master Servicer prior to incurring any Servicing Advance that is over
        $5,000.00 per item, except for any Servicing Expense which is (i) incurred
        by
        the Servicer pursuant to Sections 3.02(b) or 3.05 or (ii) made for any purposes
        other than those described in item (i) above, and is not over $15,000.00
        and is
        made in an emergency situation to preserve and protect the Mortgaged Property
        or
        the safety of the public in connection with such Mortgaged Property. The
        Servicer may cause any Servicing Expenses to be paid directly from the related
        Collection Account. The Servicer not be required to make any Servicing Advance
        that is not a Recoverable Servicing Advance.

       

      

      
        
          
            
            

          

          
            27

            
              

            

          

          
            
            

          

        

      

      

      (b) The
        Servicer shall make its reasonable efforts to collect or cause to be collected
        all payments required under the terms and provisions of the Mortgage Loans
        and
        shall follow collection procedures comparable to the collection procedures
        of
        prudent institutional mortgage loan servicer servicing mortgage loans for
        their
        own account to the extent such procedures shall be consistent with this
        Agreement. Consistent with the foregoing, the Servicer may in its discretion
        (i)
        waive or permit to be waived any late payment charge, assumption fee, or
        any
        penalty interest in connection with the prepayment of a Mortgage Loan and
        (ii)
        suspend or reduce or permit to be suspended or reduced regular monthly payments
        for a period of up to six months, or arrange or permit an arrangement with
        a
        Mortgagor for a scheduled liquidation of delinquencies. The Servicer shall
        have
        no obligation to make any Advances other than Servicing Advances.

       

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

       

      ARTICLE
        VI

       

      THE
        SERVICER AND THE MASTER SERVICER

       

      Section
        6.01 Servicer
        Not to Assign; Merger or Consolidation of the Servicer.

       

      (a) Except
        as
        otherwise provided for in this Section or in Section 2.02, the Servicer may
        not
        assign this Agreement or any of its rights, powers, duties or obligations
        hereunder without the written consent of the Master Servicer; provided, however,
        that the Servicer may, after 60 days written notice to Master Servicer, assign
        this Agreement to a Qualified Affiliate without the written consent of the
        Master Servicer.

       

      (b) The
        Servicer may be merged or consolidated with or into any Person, or transfer
        all
        or substantially all of its assets to any Person, in which case any Person
        resulting from any merger or consolidation to which it shall be a party,
        or any
        Person succeeding to its business shall be the successor of the Servicer
        hereunder, and shall be deemed to have assumed all of the liabilities of
        the
        Servicer hereunder. The Servicer shall provide written notice to the Master
        Servicer of any such merger, consolidation, or transfer.

       

      Section
        6.02 Liability
        and Indemnification of the Servicer and the Master Servicer.

       

      

      
        
          
            
            

          

          
            28

            
              

            

          

          
            
            

          

        

      

      

      Neither
        the Servicer nor its Affiliates nor any of the directors, officers, employees
        or
        agents thereof shall be under any liability to the Master Servicer or any third
        party for taking or refraining from taking any action, in good faith pursuant
        to
        or in connection with this Agreement, or for errors in judgment; provided,
        however,
        that
        this provision shall not protect the Servicer or any such Person against
        any
        liability which would otherwise be imposed on the Servicer or any such Person
        by
        reason of the Servicer’s willful misfeasance, bad faith or negligence (except to
        the extent such liability is related to the Servicer’s performance of Special
        Services, in which event a gross negligence standard shall apply) in the
        performance of its duties hereunder. The Servicer and any director, officer,
        employee or agent thereof may rely in good faith on any document of any kind
        which, prima facie, is properly executed and submitted by any appropriate
        Person
        respecting any matters arising hereunder. The Servicer and any director,
        officer, employee agent, or Affiliate thereof shall be indemnified and held
        harmless by the Master Servicer against any claim, loss, liability or expense
        incurred, including reasonable attorneys’ fees, in connection with any claim,
        legal action, investigation or proceeding relating to this Agreement, the
        Servicer’s performance hereunder, or any specific action which the Master
        Servicer authorized or requested the Servicer to perform pursuant to this
        Agreement, as such are incurred, except for any claim, loss, liability or
        expense incurred by reason of the Servicer’s willful misfeasance, bad faith,
        negligence (except to the extent such liability is related to the Servicer’s
        performance of Special Services, in which event a gross negligence standard
        shall apply) or breach of the Servicer’s representations and warranties set
        forth in Section 7.01. Notwithstanding the exception set forth in the preceding
        sentence, in the event that the Servicer sustains any claim, loss, liability
        or
        expense by reason of such exception and which results from any overcharges
        to
        Borrowers under the Mortgage Loans, to the extent that such overcharges were
        collected by the Servicer and remitted to the Master Servicer, the Master
        Servicer shall promptly remit such overcharge to the related Borrower after
        the
        Master Servicer’s receipt of written notice from the Servicer regarding such
        overcharge.

       

      The
        Master Servicer and any director, officer, employee or agent thereof shall
        be
        indemnified and held harmless by the Servicer against any claim loss, liability
        or expense incurred, including reasonable attorneys’ fees, by reason of (i) the
        Servicer’s willful misfeasance, bad faith or negligence (except to the extent
        such liability is related to the Servicer’s performance of Special Services, in
        which event a gross negligence standard shall apply) in the performance of
        its
        duties hereunder or the failure of the Servicer to perform its duties hereunder
        in accordance with this Agreement or (ii) a breach of the Servicer’s
        representations and warranties set forth in Section 7.01.

       

      The
        provisions of this Section shall survive any termination of the rights and
        obligations of the Servicer hereunder.

       

      ARTICLE
        VII

       

      REPRESENTATIONS
        AND WARRANTIES; DEFAULT

       

      Section
        7.01 Representations
        and Warranties.

       

      (a) The
        Servicer hereby makes the following representations and warranties to the
        Master
        Servicer:

       

      

      
        
          
            
            

          

          
            29

            
              

            

          

          
            
            

          

        

      

      

      (i) Due
        Organization, Qualification and Authority.
        The
        Servicer is a corporation duly organized, validly existing and in good standing
        under the laws of the State of Delaware, and is duly qualified to transact
        business as a foreign corporation, in good standing and licensed in each
        state
        to the extent necessary to ensure the enforceability of each Mortgage Loan
        and
        to perform its duties and obligations under this Agreement in accordance
        with
        the terms of this Agreement; the Servicer has the full power, authority and
        legal right to execute and deliver this Agreement and to perform in accordance
        herewith; the Servicer has duly authorized the execution, delivery and
        performance of this Agreement and has duly executed and delivered this
        Agreement; this Agreement constitutes the valid, legal, binding obligation
        of
        the Servicer, except as enforceability may be limited by bankruptcy, insolvency,
        reorganization, receivership, moratorium or other laws relating to or affecting
        the rights of creditors generally and by general principles of equity
        (regardless of whether such enforcement is considered in a proceeding in
        equity
        or at law);

       

      (ii) No
        Conflicts.
        Neither
        the execution and delivery of this Agreement, nor the fulfillment of or
        compliance with the terms and conditions of this Agreement by the Servicer,
        will
        (i) conflict with or result in a breach of any of the terms, conditions or
        provisions of the Servicer’s certificate of incorporation, as amended, or
        bylaws, as amended, or any agreement or instrument to which the Servicer
        is now
        a party or by which it (or any of its properties) is bound, or constitute
        a
        default or result in an acceleration under any of the foregoing; (ii) conflict
        with or result in a breach of any legal restriction if compliance therewith
        is
        necessary (a) to ensure the enforceability of any Mortgage Loan, or (b) for
        the
        Servicer to perform its obligations under this Agreement in accordance with
        the
        terms hereof; (iii) result in the violation of any law, rule, regulation,
        order,
        judgment or decree to which the Servicer or its property is subject if
        compliance therewith is necessary (a) to ensure the enforceability of any
        Mortgage Loan, or (b) for the Servicer to perform its obligations under this
        Agreement in accordance with the terms hereof; or (iv) result in the creation
        or
        imposition of any lien, charge or encumbrance that would have a material
        adverse
        effect upon any of its properties pursuant to the terms of any mortgage,
        contract, deed of trust or other instrument, or materially impair the ability
        of
        the Master Servicer to realize on the Mortgage Loans;

       

      (iii) No
        Litigation Pending.
        There
        is no action, suit, or proceeding pending or to Servicer’s knowledge threatened
        against the Servicer which, either in any one instance or in the aggregate,
        would draw into question the validity of this Agreement or the Mortgage Loans,
        or would be likely to impair materially the ability of the Servicer to perform
        its duties and obligations under the terms of this Agreement;

       

      (iv) No
        Consent Required.
        No
        consent, approval, authorization or order of, or registration or filing with,
        or
        notice to, any court or governmental agency or body having jurisdiction or
        regulatory authority over the Servicer is required for (i) the Servicer’s
        execution and delivery of, this Agreement, or (ii) the consummation of the
        transactions contemplated by this Agreement, or, to the extent required,
        such
        consent, approval, authorization, order, registration, filing or notice has
        been
        obtained, made or given (as applicable), except that the Servicer may not
        be
        duly qualified to transact business as a foreign corporation or licensed
        in one
        or more states if such qualification or licensing is not necessary (a) to
        ensure
        the enforceability of any Mortgage Loan, or (b) for the Servicer to perform
        its
        obligations under this Agreement in accordance with the terms
        hereof.

       

      

      
        
          
            
            

          

          
            30

            
              

            

          

          
            
            

          

        

      

      

      (b) The
        Master Servicer hereby makes the following representations and warranties
        to the
        Servicer:

       

      Due
        Authority.
        The
        Master Servicer has the full power, authority and legal right to execute
        and
        deliver this Agreement and to perform in accordance herewith; the Master
        Servicer has duly authorized the execution, delivery and performance of this
        Agreement and has duly executed and delivered this Agreement; the Master
        Servicer, prior to Securitization, is the Master Servicer and the holder
        of the
        Mortgage Loans; the Master Servicer, and after Securitization, the Master
        Servicer, has the right to authorize the Servicer to perform the actions
        contemplated herein; this Agreement constitutes the valid, legal, binding
        obligation of the Master Servicer, except as enforceability may be limited
        by
        bankruptcy, insolvency, reorganization, receivership, moratorium or other
        laws
        relating to or affecting the rights of creditors generally and by general
        principles of equity (regardless of whether such enforcement is considered
        in a
        proceeding in equity or at law).

       

      Section
        7.02 Events
        of Default.

       

      “Event
        of
        Default”, wherever used herein, means any one of the following
        events:

       

      (a) any
        failure by the Servicer to remit to the Master Servicer any payment required
        to
        be so remitted by the Servicer under the terms of this Agreement when and
        as due
        which continues unremedied by the Servicer for a period of one (1) Business
        Day
        after the date on which such remittance was due; or

       

      (b) any
        failure on the part of the Servicer duly to observe or perform in any material
        respect any other of the covenants or agreements on the part of the Servicer
        contained in this Agreement, or any representation or warranty set forth
        by the
        Servicer in Section 7.01 shall be untrue or incorrect in any material respect,
        and, in either case, such failure or breach materially and adversely affects
        the
        value of any Mortgage Loan or Mortgaged Property or the priority of the lien
        on
        any Mortgaged Property or the interest of the Master Servicer therein, which
        in
        either case continues unremedied for a period of thirty (30) days after the
        date
        on which written notice of such failure or breach, requiring the same to
        be
        remedied, shall have been given to the Servicer by the Master Servicer (or
        such
        extended period of time reasonably approved by the Master Servicer provided
        that
        the Servicer is diligently proceeding in good faith to cure such failure
        or
        breach); or

       

      (c) a
        decree
        or order of a court or agency or supervisory authority having jurisdiction
        in
        respect of the Servicer for the commencement of an involuntary case under
        any
        present or future federal or state bankruptcy, insolvency or similar law,
        for
        the appointment of a conservator or receiver or liquidator in any insolvency,
        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 remain in force
        undischarged or unstayed for a period of 60 days; or

       

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

       

      

      
        
          
            
            

          

          
            31

            
              

            

          

          
            
            

          

        

      

      

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

       

      (f) failure
        by the Servicer to duly perform, within the required time period, its
        obligations under Sections 4.02 or 4.03 of this Servicing
        Agreement;

       

      then,
        and
        in each and every case, so long as an Event of Default shall not have been
        remedied, the Master Servicer may, by notice in writing to the Servicer,
        in
        addition to whatever rights the Master Servicer may have at law or in equity,
        including injunctive relief and specific performance, terminate all of the
        rights and obligations of the Servicer under this Agreement and in and to
        the
        Mortgage Loans and the proceeds thereof, without the Master Servicer incurring
        any penalty or fee of any kind whatsoever in connection therewith; provided,
        however,
        that
        such termination shall be without prejudice to any rights of the Servicer
        relating to the payment of its Servicing Fees, Special Servicing Fees,
        Disposition Fees, Workout Fees, Additional Servicing Compensation, the Excess
        Servicing Strip and the reimbursement of any Servicing Advances and Servicing
        Expenses which have been made by it under the terms of this Agreement through
        and including the date of such termination (together with interest thereon
        at
        the Advance Rate). Except as otherwise expressly provided in this Agreement,
        no
        remedy provided for by this Agreement shall be exclusive of any other remedy,
        and each and every remedy shall be cumulative and in addition to any other
        remedy, and no delay or omission to exercise any right or remedy shall impair
        any such right or remedy or shall be deemed to be a waiver of any Event of
        Default. On or after the receipt by the Servicer of such written notice of
        termination from the Master Servicer, all authority and power of the Servicer
        under this Agreement, whether with respect to the Mortgage Loans or otherwise,
        shall pass to and be vested in the Master Servicer, and the Servicer agrees
        to
        cooperate with the Master Servicer in effecting the termination of the
        Servicer’s responsibilities and rights hereunder, including, without limitation,
        the transfer of the Servicing Files and the funds held in the Accounts as
        set
        forth in Section 8.01.

       

      The
        Master Servicer may waive any default by the Servicer in the performance
        of its
        obligations hereunder and its consequences. Upon any such 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 thereon except to the extent expressly so
        waived.

       

      

      
        
          
            
            

          

          
            32

            
              

            

          

          
            
            

          

        

      

      

      ARTICLE
        VIII

       

      TERMINATION;
        TRANSFER OF MORTGAGE LOANS

       

      Section
        8.01 Termination
        of Agreement.

       

      (a) This
        Agreement may be terminated by the Servicer with respect to any Mortgage
        Loans,
        without cause, upon ninety (90) days written notice to the Master
        Servicer.

       

      (b) Termination
        pursuant to this Section or as otherwise provided herein shall be without
        prejudice to any rights of the Master Servicer or the Servicer which may
        have
        accrued through the date of termination hereunder. Upon such termination,
        the
        Servicer shall (i) remit all funds in the related Accounts to the Master
        Servicer or such other Person designated by the Master Servicer, net of accrued
        Servicing Fees, Special Servicing Fees, Disposition Fees, Workout Fees,
        Additional Servicing Compensation, Servicing Advances (with interest theron
        at
        the Advance Rate), Servicing Expenses (with interest theron at the Advance
        Rate)
        and the Excess Servicing Strip through the termination date to which the
        Servicer would be entitled to payment or reimbursement hereunder; (ii) deliver
        all related Servicing Files to the Master Servicer or to Persons designated
        by
        the Master Servicer; and (iii) fully cooperate with the Master Servicer and
        any
        new servicer to effectuate an orderly transition of Loan Servicing of the
        related Mortgage Loans. Upon such termination, any Servicing Fees, Additional
        Servicing Compensation, Servicing Advances (with interest theron at the Advance
        Rate), Servicing Expenses (with interest theron at the Advance Rate) and
        the
        Excess Servicing Strip which remain unpaid or unreimbursed after the Servicer
        has netted out such amounts pursuant to the preceding sentence shall be remitted
        by the Master Servicer to the Servicer within ten (10) Business Days after
        the
        Master Servicer’s receipt of an itemized invoice therefor.

       

      (c) Notwithstanding
        anything herein to the contrary, the Servicer’s rights and obligations under
        this Agreement shall expressly survive a termination of the Master Servicer’s
        servicing rights pursuant to the PSA (except a termination of the Master
        Servicer caused by an Event of Default of the Servicer). In the event of
        such a
        termination, any successor Master Servicer or the Trustee (if it assumes
        the
        servicing obligations of the Master Servicer) shall be deemed to automatically
        have assumed and agreed to this Agreement without further action upon becoming
        the successor Master Servicer. 

       

      ARTICLE
        IX

       

      MISCELLANEOUS
        PROVISIONS

       

      Section
        9.01 Amendment;
        Waiver.

       

      This
        Agreement contains the entire agreement between the parties relating to the
        subject matter hereof, and no term or provision hereof may be amended or
        waived
        unless such amendment or waiver is in writing and signed by the party against
        whom such amendment or waiver is sought to be enforced. The Servicer shall
        not
        consent to any such amendment to the Agreement unless the Servicer receives
        an
        Officer’s Certificate from the Master Servicer stating that the Master Servicer,
        after consultation with its accountants, does not believe that the amendment
        will result in the Securitization trust failing to qualify as a “qualifying
        special-purpose entity” as defined in Statement of Financial Accounting
        Standards Number 140.

       

       

      

      
        
          
            
            

          

          
            33

            
              

            

          

          
            
            

          

        

      

      

      Section
        9.02 Governing
        Law.

       

      This
        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 such laws, without giving effect to principles
        of
        conflicts of laws.

       

      Section
        9.03 Notices.

       

      All
        demands, notices and communications hereunder shall be in writing and addressed
        in each case as follows:

       

      
        	 	
                (i)

              	
                if
                  to the Master Servicer, at:

              

      

       

      IMPAC
        Funding Corporation

      19500
        Jamboree Road 

      Irvine,
        California 92612 

      Attention:
        Mr. Ron Morrison

      Telecopy
        No.: (714) 475-3969

       

      
        	 	
                (ii)

              	
                if
                  to the Servicer, by U.S. Mail at:

              

      

       

      Midland
        Loan Services, Inc.

      P.O.
        Box
        25965

      Shawnee
        Mission, KS 66225-5965

      Attention:
        President

      Facsimile
        No.: (913) 253-9001

       

      or
        by
        delivery to: 

       

      Midland
        Loan Services, Inc.

      10851
        Mastin, Suite 300

      Overland
        Park, KS 66210

      Attention:
        President

       

      with
        a
        copy to:

       

      Dechert
        LLP

      30
        Rockefeller Plaza

      New
        York,
        NY 10112

      Attn:
        Stephanie
        M. Tita

      Facsimile
        No.: (212) 698-3594

       

      Any
        of
        the above-referenced Persons may change its address for notices hereunder
        by
        giving notice of such change to the other Persons. All notices and demands
        shall
        be deemed to have been given at the time of the delivery at the address of
        such
        Person for notices hereunder if personally delivered, mailed by certified
        or
        registered mail, postage prepaid, return receipt requested, or sent by overnight
        courier or telecopy; provided,
        however,
        that
        any notice delivered after normal business hours of the recipient or on a
        day
        which is not a Business Day shall be deemed to have been given on the next
        succeeding Business Day.

       

      

      
        
          
            
            

          

          
            34

            
              

            

          

          
            
            

          

        

      

      

      To
        the
        extent that any demand, notice or communication hereunder is given to the
        Servicer by a Responsible Officer of the Master Servicer, such Responsible
        Officer shall be deemed to have the requisite power and authority to bind
        the
        Master Servicer with respect to such communication, and the Servicer may
        conclusively rely upon and shall be protected in acting or refraining from
        acting upon any such communication. To the extent that any demand, notice
        or
        communication hereunder is given to the Master Servicer by a Responsible
        Officer
        of the Servicer, such Responsible Officer shall be deemed to have the requisite
        power and authority to bind the Servicer with respect to such communication,
        and
        the Master Servicer may conclusively rely upon and shall be protected in
        acting
        or refraining from acting upon any such communication.

       

      Section
        9.04 Severability
        of Provisions.

       

      If
        one or
        more of the provisions of this Agreement shall be for any reason whatever
        held
        invalid or unenforceable, such provisions shall be deemed severable from
        the
        remaining covenants, agreements and provisions of this Agreement and such
        invalidity or unenforceability shall in no way affect the validity or
        enforceability of such remaining provisions or the rights of any parties
        thereunder. To the extent permitted by law, the parties hereto hereby waive
        any
        provision of law that renders any provision of this Agreement invalid or
        unenforceable in any respect.

       

      Section
        9.05 Inspection
        and Audit Rights.

       

      The
        Servicer agrees that, on reasonable prior notice, it will permit any agent
        or
        representative of the Master Servicer, during the Servicer’s normal business
        hours, to examine all the books of account, records, reports and other papers
        of
        the Servicer relating to the Mortgage Loans, to make copies and extracts
        therefrom, to cause such books to be audited by accountants selected by the
        Master Servicer, and to discuss matters relating to the Mortgage Loans with
        the
        Servicer’s officers, employees and accountants (and by this provision the
        Servicer hereby authorizes such accountants to discuss with such agents or
        representatives such matters), all at such reasonable times and as often
        as may
        be reasonably requested. Any expense incident to the exercise by the Master
        Servicer of any right under this Section shall be borne by the Master
        Servicer.

       

      Section
        9.06 Binding
        Effect; No Partnership; Counterparts.

       

      The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the respective successors and permitted assigns of the parties hereto. Nothing
        herein contained shall be deemed or construed to create a partnership or
        joint
        venture between the parties hereto and the services of the Servicer shall
        be
        rendered as an independent contractor for the Master Servicer. For the purpose
        of facilitating the execution of this Agreement as herein provided and for
        other
        purposes, this Agreement may be executed simultaneously in any number of
        counterparts, each of which counterparts shall be deemed to be an original,
        and
        such counterparts shall constitute but one and the same instrument.

       

       

      

      
        
          
            
            

          

          
            35

            
              

            

          

          
            
            

          

        

      

      

      Section
        9.07 Protection
        of Confidential Information; No Solicitation.

       

      The
        Servicer shall keep confidential and shall not divulge to any party, without
        the
        Master Servicer’s prior written consent, any information pertaining to the
        Mortgage Loans, the Mortgaged Properties, or the Borrowers except to the
        extent
        that (a) it is appropriate for the Servicer to do so (i) in working with
        legal
        counsel, auditors, other advisors, taxing authorities or other governmental
        agencies, (ii) in accordance with Accepted Servicing Practices or (iii) when
        required by any law, regulation, ordinance, court order or subpoena or (b)
        the
        Servicer is disseminating general statistical information relating to the
        mortgage loans being serviced by the Servicer (including the Mortgage Loans)
        so
        long as the Servicer does not identify the Master Servicer or the
        Borrowers.

       

      In
        addition to the foregoing, neither the Servicer nor any of its Affiliates
        shall
        (i) provide any employee of the Servicer or its Affiliates that is directly
        involved in the solicitation of borrowers in connection with the origination
        of
        mortgage loans by the Servicer and its Affiliates access to any reports,
        documents or information in respect of any Borrower, Mortgaged Property or
        Mortgage Loan which the Servicer has received pursuant to its Loan Servicing
        obligations hereunder, or (ii) use any such reports, documents or information
        in
        connection with such solicitation of borrowers. Failure of the Servicer to
        comply with its obligations under this Section shall result in an Event of
        Default hereunder.

       

      Section
        9.08 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 an “Article,” “Section,” or other subdivision without reference to a
        document are to the designated Article, Section or other applicable subdivision
        of this Agreement;

       

      (d) reference
        to a Section, subsection, paragraph or other subdivision without further
        reference to a specific Section is a reference to such Section, subsection,
        paragraph or other subdivision, as the case may be, as contained in the same
        Section in which the reference appears; 

       

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

       

      

      
        
          
            
            

          

          
            36

            
              

            

          

          
            
            

          

        

      

      

      (f) the
        term
“include” or “including” shall mean without limitation by reason of enumeration;
        and

       

      (g) the
        Article, Section and subsection headings herein are for convenience of reference
        only, and shall not limit or otherwise affect the meaning of the provisions
        contained therein.

       

      Section
        9.09 Further
        Agreements.

       

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

       

      [Signature
        Page Follows]

        
          
            
            

          

          
            37

            
              

            

          

          
            
            

          

        

      IN
        WITNESS WHEREOF, the Master Servicer and the Servicer have caused this Agreement
        to be duly executed by their respective officers thereunto duly authorized
        as of
        the date first above written.

       

      IMPAC
        FUNDING CORPORATION

       

      By:                            

      Name:                            

      Title:                            

       

      (“Master
        Servicer”)

       

      MIDLAND
        LOAN SERVICES, INC.

       

      By:                            

      Name:                            

      Title:                             

       

      (“Servicer”)

      

        
          
            
            

          

          
            38

            
              

            

          

          
            
            

          

        

      EXHIBIT
        A

      

      Servicing
        File Listing

       

      
        	
                1)

              	
                Copy
                  of executed Note (including addendums, amendments, modifications,
                  etc., as
                  they may apply), Loan Agreement and Guaranty Agreement (if
                  applicable).

              

      

       

      
        	
                2)

              	
                Copy
                  of executed and filed Deed of Trust/Mortgage (including addendums,
                  amendments, modifications, etc., as they may
                  apply).

              

      

       

      
        	
                3)

              	
                Copy
                  of Assignment of Leases and Rents and Security Agreement, if separate
                  from
                  the Deed of Trust/Mortgage.

              

      

       

      
        	
                4)

              	
                Copy
                  of any other legal document(s) referenced in the Note, Deed of
                  Trust/Mortgage, Security Agreement, Loan Agreement or Guaranty
                  Agreement.

              

      

       

      
        	
                5)

              	
                Copies
                  of all filed UCC Financing Statements and Lien
                  Searches.

              

      

       

      
        	
                6)

              	
                Loan
                  Closing Statement.

              

      

       

      
        	
                7)

              	
                Borrower
                  (and Guarantor, if applicable) financial and operating statements,
                  tax
                  returns, tax identification number(s), mailing address(es), phone
                  number(s), and fax number(s). Also include property operating and
                  financial statements if prepared
                  separately.

              

      

       

      
        	
                8)

              	
                Special
                  Reserve Agreement(s), if
                  applicable.

              

      

       

      
        	
                9)

              	
                Property
                  Information - paid tax receipts, insurance policy(ies), appraisal(s),
                  flood certificate(s), and environmental
                  reports.

              

      

       

      
        	
                10)

              	
                Underwriting
                  File.

              

      

       

      
        	
                11)

              	
                Checks/Wires
                  for prepaid interest, tax and insurance impounds, and special
                  reserves.

              

      

       

      
        	
                12)

              	
                Lockbox
                  agreement(s), if applicable.

              

      

       

      
        	
                13)

              	
                If
                  special arrangements have been made with the borrower and/or guarantor
                  that are not noted in the legal documents, a memorandum detailing
                  the
                  situation.

              

      

       

      

        
          
            
            

          

          
            A-1

            
              

            

          

          
            
            

          

        

      EXHIBIT
        B

      

      SERVICING
        CRITERIA TO BE ADDRESSED

      IN
        ASSESSMENT OF COMPLIANCE

      (RMBS
        unless otherwise noted)

      

      

      Where
        there are multiple checks for criteria the attesting party will identify
        in
        their management assertion that they are attesting only to the portion of
        the
        distribution chain they are responsible for in the related transaction
        agreements.

      

      Key: X
        - obligation

      

      
        	
                Reg
                  AB Reference

              	
                Servicing
                  Criteria

              	
                Servicer

              	
                Master
                  Servicer

              	
                Trustee

              
	 	
                General
                  Servicing Considerations

              	 	 	 
	
                1122(d)(1)(i)

              	
                Policies
                  and procedures are instituted to monitor any performance or other
                  triggers
                  and events of default in accordance with the transaction
                  agreements.

              	
                X

              	
                X

              	
                X

              
	
                1122(d)(1)(ii)

              	
                If
                  any material servicing activities are outsourced to third parties,
                  policies and procedures are instituted to monitor the third party’s
                  performance and compliance with such servicing activities.

              	
                To
                  the extent applicable

              	
                X

              	 
	
                1122(d)(1)(iii)

              	
                Any
                  requirements in the transaction agreements to maintain a back-up
                  servicer
                  for the Pool Assets are maintained. 

              	 	 	 
	
                1122(d)(1)(iv)

              	
                A
                  fidelity bond and errors and omissions policy is in effect on the
                  party
                  participating in the servicing function throughout the reporting
                  period in
                  the amount of coverage required by and otherwise in accordance
                  with the
                  terms of the transaction agreements. 

              	
                X

              	
                X

              	 

      

      

      
        
          
            
            

          

          
            B-1

            
              

            

          

          
            
            

          

        

      

      

      

      
        	 	
                Cash
                  Collection and Administration

              	 	 	 
	
                1122(d)(2)(i)

              	
                Payments
                  on pool assets are deposited into the appropriate custodial bank
                  accounts
                  and related bank clearing accounts no more than two business days
                  following receipt, or such other number of days specified in the
                  transaction agreements. 

              	
                X

              	
                X

              	
                X

              
	
                1122(d)(2)(ii)

              	
                Disbursements
                  made via wire transfer on behalf of an obligor or to an investor
                  are made
                  only by authorized personnel. 

              	
                X

              	
                X

              	
                X

              
	
                1122(d)(2)(iii)

              	
                Advances
                  of funds or guarantees regarding collections, cash flows or distributions,
                  and any interest or other fees charged for such advances, are made,
                  reviewed and approved as specified in the transaction agreements.
                  

              	 	
                X

              	 
	
                1122(d)(2)(iv)

              	
                The
                  related accounts for the transaction, such as cash reserve accounts
                  or
                  accounts established as a form of over collateralization, are separately
                  maintained (e.g., with respect to commingling of cash) as set forth
                  in the
                  transaction agreements. 

              	
                X

              	
                X

              	
                X

              
	
                1122(d)(2)(v)

              	
                Each
                  custodial account is maintained at a federally insured depository
                  institution as set forth in the transaction agreements. For purposes
                  of
                  this criterion, "federally insured depository institution" with
                  respect to
                  a foreign financial institution means a foreign financial institution
                  that
                  meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                  Act.
                  

              	
                X

              	
                X

              	
                X

              

      

      

      
        
          
            
            

          

          
            B-2

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                1122(d)(2)(vi)

              	
                Unissued
                  checks are safeguarded so as to prevent unauthorized access.
                  

              	
                If
                  applicable

              	 	 
	
                1122(d)(2)(vii)
                  

              	
                Reconciliations
                  are prepared on a monthly basis for all asset-backed securities
                  related
                  bank accounts, including custodial accounts and related bank clearing
                  accounts. These reconciliations are (A) mathematically accurate;
                  (B)
                  prepared within 30 calendar days after the bank statement cutoff
                  date, or
                  such other number of days specified in the transaction agreements;
                  (C)
                  reviewed and approved by someone other than the person who prepared
                  the
                  reconciliation; and (D) contain explanations for reconciling items.
                  These
                  reconciling items are resolved within 90 calendar days of their
                  original
                  identification, or such other number of days specified in the transaction
                  agreements. 

              	
                X

              	
                X

              	
                X

              
	 	
                Investor
                  Remittances and Reporting

              	 	 	 

      

      

      
        
          
            
            

          

          
            B-3

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                1122(d)(3)(i)

              	
                Reports
                  to investors, including those to be filed with the Commission,
                  are
                  maintained in accordance with the transaction agreements and applicable
                  Commission requirements. Specifically, such reports (A) are prepared
                  in
                  accordance with timeframes and other terms set forth in the transaction
                  agreements; (B) provide information calculated in accordance with
                  the
                  terms specified in the transaction agreements; (C) are filed with
                  the
                  Commission as required by its rules and regulations; and (D) agree
                  with
                  investors’ or the trustee’s records as to the total unpaid principal
                  balance and number of Pool Assets serviced by the Servicer.
                  

              	 	
                X

              	
                X

              
	
                1122(d)(3)(ii)

              	
                Amounts
                  due to investors are allocated and remitted in accordance with
                  timeframes,
                  distribution priority and other terms set forth in the transaction
                  agreements. 

              	 	
                X

              	
                X

              
	
                1122(d)(3)(iii)

              	
                Disbursements
                  made to an investor are posted within two business days to the
                  Servicer’s
                  investor records, or such other number of days specified in the
                  transaction agreements. 

              	 	
                X

              	
                X

              
	
                1122(d)(3)(iv)

              	
                Amounts
                  remitted to investors per the investor reports agree with cancelled
                  checks, or other form of payment, or custodial bank statements.
                  

              	 	
                X

              	
                X

              
	 	
                Pool
                  Asset Administration

              	 	 	 
	
                1122(d)(4)(i)
                  

              	
                Collateral
                  or security on pool assets is maintained as required by the transaction
                  agreements or related pool asset documents. 

              	 	
                X

              	
                X

              
	
                1122(d)(4)(ii)

              	
                Pool
                  assets and related documents are safeguarded as required by the
                  transaction agreements 

              	 	
                X

              	
                X

              
	
                1122(d)(4)(iii)

              	
                Any
                  additions, removals or substitutions to the asset pool are made,
                  reviewed
                  and approved in accordance with any conditions or requirements
                  in the
                  transaction agreements. 

              	
                X

              	
                X

              	
                X

              

      

      

      
        
          
            
            

          

          
            B-4

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                1122(d)(4)(iv)

              	
                Payments
                  on pool assets, including any payoffs, made in accordance with
                  the related
                  pool asset 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 pool asset documents. 

              	
                X

              	 	 
	
                1122(d)(4)(v)

              	
                The
                  Servicer’s records regarding the pool assets 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 pool assets
                  (e.g.,
                  loan modifications or re-agings) are made, reviewed and approved
                  by
                  authorized personnel in accordance with the transaction agreements
                  and
                  related pool asset documents. 

              	
                X

              	
                X

              	 
	
                1122(d)(4)(vii)

              	
                Loss
                  mitigation or recovery actions (e.g., forbearance plans, modifications
                  and
                  deeds in lieu of foreclosure, foreclosures and repossessions, as
                  applicable) are initiated, conducted and concluded in accordance
                  with the
                  timeframes or other requirements established by the transaction
                  agreements. 

              	
                X

              	
                X

              	 

      

      

      
        
          
            
            

          

          
            B-5

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                1122(d)(4)(viii)

              	
                Records
                  documenting collection efforts are maintained during the period
                  a pool
                  asset is delinquent in accordance with the transaction agreements.
                  Such
                  records are maintained on at least a monthly basis, or such other
                  period
                  specified in the transaction agreements, and describe the entity’s
                  activities in monitoring delinquent pool assets including, for
                  example,
                  phone calls, letters and payment rescheduling plans in cases where
                  delinquency is deemed temporary (e.g., illness or unemployment).
                  

              	
                X

              	 	 
	
                1122(d)(4)(ix)

              	
                Adjustments
                  to interest rates or rates of return for pool assets with variable
                  rates
                  are computed based on the related pool asset documents. 

              	
                X

              	
                X

              	 
	
                1122(d)(4)(x)

              	
                Regarding
                  any funds held in trust for an obligor (such as escrow accounts):
                  (A) such
                  funds are analyzed, in accordance with the obligor’s pool asset documents,
                  on at least an annual basis, or such other period specified in
                  the
                  transaction agreements; (B) interest on such funds is paid, or
                  credited,
                  to obligors in accordance with applicable pool asset documents
                  and state
                  laws; and (C) such funds are returned to the obligor within 30
                  calendar
                  days of full repayment of the related pool assets, or such other
                  number of
                  days specified in the transaction agreements. 

              	
                X

              	 	 
	
                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

              	 	 

      

      

      
        
          
            
            

          

          
            B-6

            
              

            

          

          
            
            

          

        

      

      

      

      
        	
                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

              	
                X

              	 
	
                1122(d)(4)(xv)

              	
                Any
                  external enhancement or other support, identified in Item 1114(a)(1)
                  through (3) or Item 1115 of Regulation AB, is maintained as set
                  forth in
                  the transaction agreements. 

              	 	
                X

              	
                X

              

      

      

      

      
        
          
            
            

          

          
            B-7

            
              

            

          

          
            
            

          

        

      

       

      

        EXHIBIT
          C

        

        FORM
          10-D, FORM 8-K AND FORM 10-K

        REPORTING
          RESPONSIBILITY

        

        As
          to
          each item described below, the entity indicated as the Responsible Party
          shall
          be primarily responsible for reporting the information to the Trustee pursuant
          to Section 3.25 of the PSA. If the Trustee is indicated below as to any
          item,
          then the Trustee is primarily responsible for obtaining that
          information.

        

        Under
          Item 1 of Form 10-D: a) items marked "4.02 statement" are required to be
          included in the periodic Distribution Date statement under Section 4.02
          of the
          PSA, provided by the Trustee based on information received from the Master
          Servicer; and b) items marked "Form 10-D report" are required to be in
          the Form
          10-D report but not the 4.02 statement, provided by the party indicated.
          Information under all other Items of Form 10-D is to be included in the
          Form
          10-D report.

        

        
          	
                  Form

                	
                  Item

                	
                  Description

                	
                  Responsible
                    Party

                
	
                  10-D

                	
                  Must
                    be filed within 15 days of the Distribution Date.

                
	
                  1

                	
                  Distribution
                    and Pool Performance Information

                	 
	
                  Item
                    1121(a) - Distribution and Pool Performance
                    Information

                	 
	
                  (1)
                    Any applicable record dates, accrual dates, determination dates
                    for
                    calculating distributions and actual distribution dates for the
                    distribution period.

                	
                  4.02
                    statement

                
	
                  (2)
                    Cash flows received and the sources thereof for distributions,
                    fees and
                    expenses.

                	
                  4.02
                    statement

                
	
                  (3)
                    Calculated amounts and distribution of the flow of funds for
                    the period
                    itemized by type and priority of payment, including:

                	
                  4.02
                    statement

                
	
                  (i)
                    Fees or expenses accrued and paid, with an identification of
                    the general
                    purpose of such fees and the party receiving such fees or
                    expenses.

                	
                  4.02
                    statement

                
	
                  (ii)
                    Payments accrued or paid with respect to enhancement or other
                    support
                    identified in Item 1114 of Regulation AB (such as insurance premiums
                    or
                    other enhancement maintenance fees), with an identification of
                    the general
                    purpose of such payments and the party receiving such
                    payments.

                	
                  4.02
                    statement

                
	
                  (iii)
                    Principal, interest and other distributions accrued and paid
                    on the
                    asset-backed securities by type and by class or series and any
                    principal
                    or interest shortfalls or carryovers.

                	
                  4.02
                    statement

                

        

        
          
            
            

          

          
            C-1

            
              

            

          

          
            
            

          

        

        

        
          	 	 	
                  (iv)
                    The amount of excess cash flow or excess spread and the disposition
                    of
                    excess cash flow.

                	
                  4.02
                    statement

                
	
                  (4)
                    Beginning and ending principal balances of the asset-backed
                    securities.

                	
                  4.02
                    statement

                
	
                  (5)
                    Interest rates applicable to the pool assets and the asset-backed
                    securities, as applicable. Consider providing interest rate information
                    for pool assets in appropriate distributional groups or incremental
                    ranges.

                	
                  4.02
                    statement

                
	
                  (6)
                    Beginning and ending balances of transaction accounts, such as
                    reserve
                    accounts, and material account activity during the period.

                	
                  4.02
                    statement

                
	
                  (7)
                    Any amounts drawn on any credit enhancement or other support
                    identified in
                    Item 1114 of Regulation AB, as applicable, and the amount of
                    coverage
                    remaining under any such enhancement, if known and
                    applicable.

                	
                  4.02
                    statement

                
	
                  (8)
                    Number and amount of pool assets at the beginning and ending
                    of each
                    period, and updated pool composition information, such as weighted
                    average
                    coupon, weighted average life, weighted average remaining term,
                    pool
                    factors and prepayment amounts.

                	
                  4.02
                    statement

                   

                  Updated
                    pool composition information fields to be as specified by Depositor
                    from
                    time to time

                
	
                  (9)
                    Delinquency and loss information for the period. 

                   

                  In
                    addition, describe any material changes to the information specified
                    in
                    Item 1100(b)(5) of Regulation AB regarding the pool
                    assets.

                	
                  4.02
                    statement.

                   

                   

                  Form
                    10-D report: Depositor

                
	
                  (10)
                    Information on the amount, terms and general purpose of any advances
                    made
                    or reimbursed during the period, including the general use of
                    funds
                    advanced and the general source of funds for
                    reimbursements.

                	
                  4.02
                    statement

                
	
                  (11)
                    Any material modifications, extensions or waivers to pool asset
                    terms,
                    fees, penalties or payments during the distribution period or
                    that have
                    cumulatively become material over time.

                	
                  Form
                    10-D report; Servicer

                
	
                  (12)
                    Material breaches of pool asset representations or warranties
                    or
                    transaction covenants.

                	
                  Form
                    10-D report: Servicer

                

        

        
          
            
            

          

          
            C-2

            
              

            

          

          
            
            

          

        

        

        
          	 	 	
                  (13)
                    Information on ratio, coverage or other tests used for determining
                    any
                    early amortization, liquidation or other performance trigger
                    and whether
                    the trigger was met.

                	
                  4.02
                    statement

                
	
                  (14)
                    Information regarding any new issuance of asset-backed securities
                    backed
                    by the same asset pool, 

                  [information
                    regarding] any pool asset changes (other than in connection with
                    a pool
                    asset converting into cash in accordance with its terms), such
                    as
                    additions or removals in connection with a prefunding or revolving
                    period
                    and pool asset substitutions and repurchases (and purchase rates,
                    if
                    applicable), and cash flows available for future purchases, such
                    as the
                    balances of any prefunding or revolving accounts, if
                    applicable.

                  Disclose
                    any material changes in the solicitation, credit-granting, underwriting,
                    origination, acquisition or pool selection criteria or procedures,
                    as
                    applicable, used to originate, acquire or select the new pool
                    assets.

                	
                  Form
                    10-D report: Depositor

                   

                  Form
                    10-D report: Depositor

                   

                   

                   

                   

                  Form
                    10-D report: Depositor

                
	
                  Item
                    1121(b) - Pre-Funding or Revolving Period Information

                  Updated
                    pool information as required under Item 1121(b).

                	
                  Depositor

                
	
                  2

                	
                  Legal
                    Proceedings

                	 
	
                  Item
                    1117 - Legal proceedings pending against the following entities,
                    or their
                    respective property, that is material to Certificateholders,
                    including
                    proceedings known to be contemplated by governmental
                    authorities:

                  Seller

                  Depositor

                  Trustee

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                	
                   

                   

                   

                  Seller

                  Depositor

                  Trustee

                  Trustee

                  Depositor

                  Master
                    Servicer

                  Originator

                  Custodian

                
	
                  3

                	
                  Sales
                    of Securities and Use of Proceeds

                	 
	
                  Information
                    from Item 2(a) of Part II of Form 10-Q:

                   

                  With
                    respect to any sale of securities by the sponsor, depositor or
                    issuing
                    entity, that are backed by the same asset pool or are otherwise
                    issued by
                    the issuing entity, whether or not registered, provide the sales
                    and use
                    of proceeds information in Item 701 of Regulation S-K. Pricing
                    information
                    can be omitted if securities were not registered.

                	
                   

                   

                   

                  Depositor

                

        

        
          
            
            

          

          
            C-3

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  4

                	
                  Defaults
                    Upon Senior Securities

                	 
	
                  Information
                    from Item 3 of Part II of Form 10-Q:

                   

                  Report
                    the occurrence of any Event of Default (after expiration of any
                    grace
                    period and provision of any required notice)

                	
                   

                   

                   

                  N/A

                
	
                  5

                	
                  Submission
                    of Matters to a Vote of Security Holders

                	 
	
                  Information
                    from Item 4 of Part II of Form 10-Q

                	
                  Trustee

                
	
                  6

                	
                  Significant
                    Obligors of Pool Assets

                	 
	
                  Item
                    1112(b) - Significant
                    Obligor Financial Information*

                	
                  N/A

                
	
                  *This
                    information need only be reported on the Form 10-D for the distribution
                    period in which updated information is required pursuant to the
                    Item.

                	 
	
                  7

                	
                  Significant
                    Enhancement Provider Information

                	 
	
                  Item
                    1114(b)(2) - Credit Enhancement Provider Financial
                    Information*

                  Determining
                    applicable disclosure threshold

                  Obtaining
                    required financial information or effecting incorporation by
                    reference

                	
                   

                  N/A

                  N/A

                
	
                  Item
                    1115(b) - Derivative Counterparty Financial Information*

                  Determining
                    current maximum probable exposure

                  Determining
                    current significance percentage

                  Obtaining
                    required financial information or effecting incorporation by
                    reference

                	
                   

                  [TBD]

                  [TBD]

                   

                  Depositor

                
	
                  *This
                    information need only be reported on the Form 10-D for the distribution
                    period in which updated information is required pursuant to the
                    Items.

                	 
	
                  8

                	
                  Other
                    Information

                	 
	
                  Disclose
                    any information required to be reported on Form 8-K during the
                    period
                    covered by the Form 10-D but not reported

                	
                  The
                    Responsible Party for the applicable Form 8-K item as indicated
                    below

                

        

        
          
            
            

          

          
            C-4

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  9

                	
                  Exhibits

                	 
	
                  Distribution
                    report

                	
                  Trustee

                
	
                  Exhibits
                    required by Item 601 of Regulation S-K, such as material
                    agreements

                	
                  Depositor

                
	
                  8-K

                	
                  Must
                    be filed within four business days of an event reportable on
                    Form
                    8-K.

                
	
                  1.01

                	
                  Entry
                    into a Material Definitive Agreement

                	 
	
                  Disclosure
                    is required regarding entry into or amendment of any definitive
                    agreement
                    that is material to the securitization, even if depositor is
                    not a party.
                    

                  Examples:
                    servicing agreement, custodial agreement.

                  Note:
                    disclosure not required as to definitive agreements that are
                    fully
                    disclosed in the prospectus

                	
                  Depositor

                
	
                  1.02

                	
                  Termination
                    of a Material Definitive Agreement

                	 
	
                  Disclosure
                    is required regarding termination of any definitive agreement
                    that is
                    material to the securitization (other than expiration in accordance
                    with
                    its terms), even if depositor is not a party. 

                  Examples:
                    servicing agreement, custodial agreement.

                	
                  Depositor

                
	
                  1.03

                	
                  Bankruptcy
                    or Receivership

                	 
	
                  Disclosure
                    is required regarding the bankruptcy or receivership, if known
                    to the
                    Depositor, Servicer or Trustee, with respect to any of the following:
                    

                  Sponsor
                    (Seller), Depositor, Servicer, Trustee, Swap Provider,
                    Custodian

                	
                  Depositor/Servicer

                
	
                  2.04

                	
                  Triggering
                    Events that Accelerate or Increase a Direct Financial Obligation
                    or an
                    Obligation under an Off-Balance Sheet Arrangement

                	 
	
                  Includes
                    an early amortization, performance trigger or other event, including
                    event
                    of default, that would materially alter the payment priority/distribution
                    of cash flows/amortization schedule.

                  Disclosure
                    will be made of events other than waterfall triggers which are
                    disclosed
                    in the 4.02 statement

                	
                  N/A

                

        

        
          
            
            

          

          
            C-5

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  3.03

                	
                  Material
                    Modification to Rights of Security Holders

                	 
	
                  Disclosure
                    is required of any material modification to documents defining
                    the rights
                    of Certificateholders, including the Pooling and Servicing
                    Agreement

                	
                  Party
                    requesting material modification

                
	
                  5.03

                	
                  Amendments
                    to Articles of Incorporation or Bylaws; Change in Fiscal
                    Year

                	 
	
                  Disclosure
                    is required of any amendment "to the governing documents of the
                    issuing
                    entity"

                	
                  Depositor

                
	
                  5.06

                	
                  Change
                    in Shell Company Status

                	 
	
                  [Not
                    applicable to ABS issuers]

                	
                  Depositor

                
	
                  6.01

                	
                  ABS
                    Informational and Computational Material

                	 
	
                  [Not
                    included in reports to be filed under Section 4.07]

                	
                  Depositor

                
	
                  6.02

                	
                  Change
                    of Master Servicer or Trustee

                	 
	
                  Requires
                    disclosure of any removal, replacement, substitution or addition
                    of any
                    master servicer, affiliated servicer, other servicer servicing
                    10% or more
                    of pool assets at time of report, other material servicers, certificate
                    administrator or trustee. Reg AB disclosure about any new servicer
                    or
                    trustee is also required.

                	
                  Trustee
                    or Master Servicer

                
	
                  6.03

                	
                  Change
                    in Credit Enhancement or Other External Support

                	 
	
                  Covers
                    termination of any enhancement in manner other than by its terms,
                    the
                    addition of an enhancement, or a material change in the enhancement
                    provided. Applies to external credit enhancements as well as
                    derivatives.
                    Reg AB disclosure about any new enhancement provider is also
                    required.

                	
                  Depositor

                
	
                  6.04

                	
                  Failure
                    to Make a Required Distribution

                	
                  Trustee

                
	
                  6.05

                	
                  Securities
                    Act Updating Disclosure

                	 
	
                  If
                    any material pool characteristic differs by 5% or more at the
                    time of
                    issuance of the securities from the description in the final
                    prospectus,
                    provide updated Reg AB disclosure about the actual asset
                    pool.

                	
                  Depositor

                

        

        
          
            
            

          

          
            C-6

            
              

            

          

          
            
            

          

        

        

        
          	 	 	
                  If
                    there are any new servicers or originators required to be disclosed
                    under
                    Regulation AB as a result of the foregoing, provide the information
                    called
                    for in Items 1108 and 1110 respectively.

                	
                  Depositor

                
	
                  7.01

                	
                  Regulation
                    FD Disclosure

                	
                  Depositor

                
	
                  8.01

                	
                  Other
                    Events

                	 
	
                  Any
                    event, with respect to which information is not otherwise called
                    for in
                    Form 8-K, that the registrant deems of importance to security
                    holders.

                	
                  Depositor

                
	
                  9.01

                	
                  Financial
                    Statements and Exhibits

                	
                  The
                    Responsible Party applicable to reportable event

                
	
                  10-K

                	
                  Must
                    be filed within 90 days of the fiscal year end for the
                    registrant.

                
	
                  9B

                	
                  Other
                    Information

                	 
	
                  Disclose
                    any information required to be reported on Form 8-K during the
                    fourth
                    quarter covered by the Form 10-K but not reported

                	
                  The
                    Responsible Party for the applicable Form 8-K item as indicated
                    above

                
	
                  15

                	
                  Exhibits
                    and Financial Statement Schedules

                	 
	
                  Item
                    1112(b) - Significant
                    Obligor Financial Information

                	
                  N/A

                
	
                  Item
                    1114(b)(2) - Credit Enhancement Provider Financial
                    Information

                  Determining
                    applicable disclosure threshold

                  Obtaining
                    required financial information or effecting incorporation by
                    reference

                	
                   

                  N/A

                   

                  N/A

                
	
                  Item
                    1115(b) - Derivative Counterparty Financial Information

                  Determining
                    current maximum probable exposure

                  Determining
                    current significance percentage

                  Obtaining
                    required financial information or effecting incorporation by
                    reference

                	
                   

                  [TBD]

                  [TBD]

                  Depositor

                
	
                  Item
                    1117
                    -
                    Legal proceedings pending against the following entities, or
                    their
                    respective property, that is material to Certificateholders,
                    including
                    proceedings known to be contemplated by governmental
                    authorities:

                	 
	
                  Seller

                  Depositor

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                	
                  Seller

                  Depositor

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                

        

        
          
            
            

          

          
            C-7

            
              

            

          

          
            
            

          

        

        

        
          	 	 	
                  Item
                    1119 - Affiliations and relationships between the following entities,
                    or
                    their respective affiliates, that are material to
                    Certificateholders:

                  Seller

                  Depositor

                  Trustee

                   

                   

                   

                   

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian
                    

                  Credit
                    Enhancer/Support Provider, if any

                  Significant
                    Obligor, if any

                	
                   

                   

                  Seller

                  Depositor

                  Trustee
                    (only with respect to affiliations with the sponsor, depositor
                    or issuing
                    entity)

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian
                    

                  Depositor

                  Depositor

                
	
                  Item
                    1122 - Assessment of Compliance with Servicing
                    Criteria

                	
                  Each
                    Party participating in the servicing function

                
	
                  Item
                    1123 -Servicer Compliance Statement

                	
                  Master
                    Servicer

                

        

         

        
          
            
            

          

          
            C-8

            
              

            

          

          
            
            

          

        

         

      

    

    Addendum
      A

     

    The
      Derivative Provider agrees to indemnify and hold harmless the Depositor and
      the
      Sponsor and each of their directors and officers and affiliates and each person,
      if any, who controls the Depositor within the meaning of Section 15 of the
      Securities Act or Section 20 of the Exchange Act (collectively, the “Impac
      Indemnified Parties”), against any and all actual losses, claims, expenses,
      damages or liabilities to which the Impac Indemnified Parties may become
      subject, under the Securities Act or otherwise, insofar as such losses, claims,
      expenses, damages or liabilities (or actions in respect thereof) arise out
      of or
      are based upon any untrue statement or alleged untrue statement of a material
      fact or omission of a material fact necessary in order to make the statements
      made, in light of the circumstances under which they were made, not misleading
      in any Company Financial Information to be provided by the Derivative Provider
      pursuant to Section 2 of this Agreement that is required to be filed in any
      Exchange Act report (the “Company Information”). The Derivative Provider will
      reimburse such reasonable legal or other expenses actually incurred by the
      Impac
      Indemnified Parties in connection with investigating or defending any such
      loss,
      claim, damage, liability or action. This indemnity agreement will be in addition
      to any liability which the Derivative Provider may otherwise have.

     

    Promptly
      after receipt by an indemnified party under this Agreement of notice of the
      commencement of any action described therein, such indemnified party will,
      if a
      claim in respect thereof is to be made against the indemnifying party under
      this
      Agreement, notify in writing the indemnifying party of the commencement thereof,
      but the omission so to notify the indemnifying party will not relieve the
      indemnifying party from any liability that it may have to any indemnified party
      (a) under this Agreement except to the extent that the omission to notify the
      indemnifying party with respect to this Agreement materially adversely affects
      the indemnifying party’s ability to perform under this Agreement or (b)
      otherwise than under this Agreement. In case any such action is brought against
      any indemnified party, and it notifies the indemnifying party of the
      commencement thereof, the indemnifying party will be entitled to participate
      therein, and, to the extent that it may wish to do so, jointly with any other
      indemnifying party similarly notified, to assume the defense thereof, with
      counsel reasonably satisfactory to such indemnified party (who shall not, except
      with the consent of the indemnified party, be counsel to the indemnifying
      party), and, after notice from the indemnifying party to such indemnified party
      under this clause (b), such indemnifying party shall not be liable for any
      legal
      or other expenses subsequently incurred by such indemnified party in connection
      with the defense thereof other than reasonable costs of
      investigation.

     

    Any
      indemnified party shall have the right to employ separate counsel in any such
      action and to participate in the defense thereof, but the fees and expenses
      of
      such counsel shall be at the expense of such indemnified party unless: (i)
      the
      employment thereof has been specifically authorized by the indemnifying party
      in
      writing; (ii) such indemnified party shall have been advised by such counsel
      that there may be one or more legal defenses available to it which are different
      from or additional to those available to the indemnifying party and in the
      reasonable judgment of such counsel it is advisable for such indemnified party
      to employ separate counsel; (iii) a conflict or potential conflict exists (based
      on advice of counsel to the indemnified party) between the indemnified party
      and
      the indemnifying party (in which case the indemnifying party will not have
      the
      right to direct the defense of such action on behalf of the indemnified party)
      or (iv) the indemnifying party has failed to assume the defense of such action
      and employ counsel reasonably satisfactory to the indemnified party, in which
      case, if such indemnified party notifies the indemnifying party in writing
      that
      it elects to employ separate counsel at the expense of the indemnifying party,
      the indemnifying party shall not have the right to assume the defense of such
      action on behalf of such indemnified party, it being understood, however, the
      indemnifying party shall not, in connection with any one such action or separate
      but substantially similar or related actions in the same jurisdiction arising
      out of the same general allegations or circumstances, be liable for the
      reasonable fees and expenses of more than one separate firm of attorneys (in
      addition to local counsel) at any time for all such indemnified parties, which
      firm shall be designated in writing by the indemnified party.

     

    

    
      
        
          
          

        

        
          Add-A-1

          
            

          

        

        
          
          

        

      

    

    

    Each
      indemnified party, as a condition of the indemnity agreement contained in clause
      (a) above, shall use its best efforts to cooperate with the indemnifying party
      in the defense of any such action or claim. No indemnifying party shall be
      liable for any settlement of any such action or claim effected without its
      written consent (which consent shall not be unreasonably withheld), but if
      settled with its written consent or if there be a final judgment for the
      plaintiff in any such action, the indemnifying party agrees to indemnify and
      hold harmless any indemnified party from and against any loss or liability
      (to
      the extent set forth in clause (a) above) by reason of such settlement or
      judgment.

     

    If
      the
      indemnification provided for in clause (a) above is unavailable or insufficient
      to hold harmless an indemnified party under clause (a) above, then each
      indemnifying party shall contribute to the amount paid or payable by such
      indemnified party as a result of the losses, claims, expenses, damages or
      liabilities referred to in clause (a) above (i) in such proportion as is
      appropriate to reflect the relative benefits received by the Depositor on the
      one hand and the Derivative Provider on the other from the offering of the
      underwritten securities or (ii) if the allocation provided by clause (e)(i)
      above is not permitted by applicable law, in such proportion as is appropriate
      to reflect not only the relative benefits referred to in clause (e)(i) above
      but
      also the relative fault of the Depositor on the one hand and the Bank on the
      other in connection with the statements or omissions which resulted in such
      losses, claims, expenses, damages or liabilities as well as any other relevant
      equitable considerations. The relative benefits received by the Depositor on
      the
      one hand and the Derivative Provider on the other shall be deemed to be in
      the
      same proportion as the total net proceeds from the offering (before deducting
      expenses) received by the Depositor bear to the total fees received by the
      Derivative Provider. The relative fault shall be determined by reference to,
      among other things, whether the untrue or alleged untrue statement of a material
      fact or the omission or alleged omission to state a material fact relates to
      information supplied by the Depositor or by the Derivative Provider and the
      parties’ relative intent, knowledge, access to information and opportunity to
      correct or prevent such untrue statement or omission. The amount paid by an
      indemnified party as a result of the losses, claims, expenses, damages or
      liabilities referred to above in the first sentence of this clause (e) shall
      be
      deemed to include any legal or other expenses reasonably incurred by such
      indemnified party in connection with investigating or defending any action
      or
      claim which is the subject of this clause (e). No person guilty of fraudulent
      misrepresentation (within the meaning of Section 11 (f) of the Securities Act)
      shall be entitled to contribution from any person who was not guilty of such
      fraudulent misrepresentation.

     

    

    
      
        
          
          

        

        
          Add-A-2

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